Search found 59 matches

by VoiceOfReason
Mon Apr 03, 2017 6:38 am
Forum: Investing - Help with Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 4977

Re: Annuities the answer for correctly timing transition to retirement?

In 25 years prices of annuities will have changed, everything else will have changed too. You may be getting 10% interest from an ally savings account for all you know. But more importantly you expect to have $6m for retirement with $2m in easily accessible funds. You'll be sensible with a nice mix...
by VoiceOfReason
Mon Apr 03, 2017 6:32 am
Forum: Investing - Help with Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 4977

Re: Annuities the answer for correctly timing transition to retirement?

VoiceOfReason, since you are forecasting way into the future, what would your initial withdrawal rate (%) be on 6MM? Our usual recommendation in dealing with a potential bad sequence of events (market crash right before or right after retirement) is simply to reduce equity exposure when coming in f...
by VoiceOfReason
Mon Apr 03, 2017 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 4977

Re: Annuities the answer for correctly timing transition to retirement?

My idea is to use an annuity for guaranteed income for 5 years starting at age 60 taking me to age 65. According to "immediate annuity calculator" I could invest 383k at age 55 and get 100k of income per year for 5 years starting at age 60. I went to immediate annuities and set my intent ...
by VoiceOfReason
Sun Apr 02, 2017 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 4977

Re: Annuities the answer for correctly timing transition to retirement?

I know that generally speaking annuities are not well thought of on this board. Voice Of Reason: I'm not sure this statement is correct. It is true that most annuities are poor investments. However, most authorities agree that a low-cost Single Premium Life Income Annuity can be an excellent invest...
by VoiceOfReason
Sun Apr 02, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 4977

Re: Annuities the answer for correctly timing transition to retirement?

Additionally this is not a question of take money now and do an annuity or equities. It's at Agee 55 when 383k is a small portion of portfolio.
by VoiceOfReason
Sun Apr 02, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 4977

Re: Annuities the answer for correctly timing transition to retirement?

We need a lot more info. Where is the 383k coming from at age 55? Is $383k all you will have to invest at age 55? How do you know you will need $100k in income from age 60-65? What will you do at age 65 when the $100k ends? You have many years to go before you start worrying about a term certain an...
by VoiceOfReason
Sun Apr 02, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 4977

Annuities the answer for correctly timing transition to retirement?

I know that generally speaking annuities are not well thought of on this board. However, I'm curious if the following strategy has been considered and would welcome feedback. I'm in my 30's with a goal of retiring at some point before 65. Ideally it would be closer to 55, realistically I expect it t...
by VoiceOfReason
Sat Mar 11, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Paying back a 401K loan in full
Replies: 4
Views: 674

Re: Paying back a 401K loan in full

I'm not sure about the logistics of paying off loans like this. If I recall there is always some challenges related to quoting payoff amounts, check receipt date and Funds being applied date. Perhaps I'm naive but I think these are largely logistical issues not necessarily I'll intentioned. Regardle...
by VoiceOfReason
Thu Mar 09, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Clawback of sales commissions earned
Replies: 42
Views: 3614

Re: Clawback of sales commissions earned

I'm in medical sales with a commission plan. Every company is different, but my experience has been that comp plans are for the fiscal year. They expire and there is almost always an interim period where you do not have a company plan but are still selling in your assigned area. I will say that my f...
by VoiceOfReason
Mon Jan 16, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Very confused with W4 Allowances
Replies: 33
Views: 3348

Re: Very confused with W4 Allowances

Relax. To some extent what one puts on a W-4 has little relationship to the taxes that one will owe, so it hardly matters what one puts. The standard way: 1. Put something like 4 allowances on W-4 Line 5. Forget about all the A-H lines above. That's what we do. 2. Check your withholding from a typi...
by VoiceOfReason
Mon Dec 19, 2016 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Giving two weeks notice around the holidays
Replies: 58
Views: 5184

Re: Giving two weeks notice around the holidays

As mentioned earlier, megacorp will escort you out the door right after you answer the question "where are you going" honestly. I've yet to see a mega Corp not pay out those last two weeks, regardless of circumstances for 2 main reasons: - First, you are stating a willful last date of empl...
by VoiceOfReason
Mon Dec 19, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Expertise Help
Replies: 17
Views: 1648

Re: Personal Finance Expertise Help

Cruise wrote:
VoiceOfReason wrote:2 - you should not have a car loan. You are in your 30's making good money. No reason to ever have a car loan again in your life.


The OP has a loan at 1% APR. It is a really good bet to take out a loan at this rate and invest in the market.


Didn't notice the rate. You make a good point.
by VoiceOfReason
Mon Dec 19, 2016 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Expertise Help
Replies: 17
Views: 1648

Re: Personal Finance Expertise Help

Here are my thoughts: Not clear if 25k/mo is pretax dollars. It's all kind of mixed together. 1 - You are not taking advantage of tax advantages accounts to the degree that you can. Your wife's 401k should be 18k, not 9k. If the SEP ira is bc it's your business, you should be contributing more for y...
by VoiceOfReason
Sat Dec 17, 2016 11:04 am
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 5494

Re: 20% Match on 401k.. sorta.

how do I put this nicely?... Stop complaining about something that's benefitting you. I could not disagree more. Just accepting and not putting a critical analysis lense to the 401k plan or any benefit is exactly what employers want. It's the same as someone that just accepts poor service from a bu...
by VoiceOfReason
Sun Dec 11, 2016 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 17
Views: 1741

Re: Disability Insurance

Buy as much as you can without a physical through your employee.

DI insurance is wildly expensive if bought independently.
by VoiceOfReason
Sun Dec 04, 2016 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 5494

Re: 20% Match on 401k.. sorta.

This program is a win for the 401k administrator, a win for the company and a loser for the employee. 401k wins bc it encourages a larger contribution by the employee to get full benefit, thus larger $ being managed. This is not a loser for the employees. The employees are receiving a matching cont...
by VoiceOfReason
Sat Dec 03, 2016 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 5494

Re: 20% Match on 401k.. sorta.

This program is a win for the 401k administrator, a win for the company and a loser for the employee. 401k wins bc it encourages a larger contribution by the employee to get full benefit, thus larger $ being managed. Company completely standardized across all employees their potential payment as has...
by VoiceOfReason
Fri Dec 02, 2016 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help! How are we doing?
Replies: 15
Views: 1536

Re: Help! How are we doing?

You're normal by general public standards, not boglehead / financial independent minded people standards. If you're happy with your position, who's to judge. But you came here for advice so here's what I'd suggest: 1) by your 30's, unless you are a dr/lawyer with large grad school loans, your only d...
by VoiceOfReason
Mon Nov 28, 2016 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 3113

Re: How to discuss salary offer as a manager?

4. I have no problem being honest, but don't want to appear ineffectual, like my hands are tied due to corporate bureaucracy. I want to be able to convincingly make the case that the job is worth $75k, even if Glassdoor data says it's worth $88k. To be candid, I made $75k as well when I was in this...
by VoiceOfReason
Tue Aug 23, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for Children
Replies: 32
Views: 3144

Re: Planning for Children

A year before my wife and I were planning to try for children I opened a savings account and started to have $50 deposited weekly. The purpose was to offset the costs of stuff like cribs, clothes, furniture, etc. by the time it came to buy the startup items the $ was already there. I've since contin...
by VoiceOfReason
Mon Aug 22, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Interview Follow-up
Replies: 9
Views: 1116

Re: Interview Follow-up

Last is usually better when presenting for interviews, sales, anything. People forget and remember best what they last saw. Obviously you want to be in somewhat regular contact with the hiring manager. At least once a month until a decision is made. I would suggest asking him for one or two peer lev...
by VoiceOfReason
Sun Aug 21, 2016 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Career Counseling for Teens
Replies: 34
Views: 2642

Re: Career Counseling for Teens

its pretty easy to poke holes in utilizing any single factor to base a lifelong decision. Should you automatically dismiss any date that sneezes twice? Should you choose a college based on a single obscure statistic? Should you choose a house based on a single piece of criteria? Of course not. What ...
by VoiceOfReason
Sat Aug 20, 2016 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Career Counseling for Teens
Replies: 34
Views: 2642

Re: Career Counseling for Teens

2nd only to financial education, I think career advice is the biggest gap in our education system. I also believe, as a father, that providing a comprehensive exposure and guidance on career options is a top responsibility in my view. My kids are both very young but I've considered some things that ...
by VoiceOfReason
Tue Aug 16, 2016 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Deciding Which Debt to Make a $17,000 Payment
Replies: 22
Views: 1763

Re: Need Help Deciding Which Debt to Make a $17,000 Payment

Pay just enough on the mortgage to make PMI go away. No more.

The rest should go towards your student loan.

Snowball the $277 PMI savingd towards the student loan.
by VoiceOfReason
Mon Aug 15, 2016 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 8330

Re: Joint Accounts - How do you use it?

I have a similar system. But we use credit cards so we have a main checking/disbursement account with the remaining all being savings accounts. Once the paychecks hit the checking the money is disbursed to all the savings accounts and investment accounts. She gets $300 a month and I get $200. At th...
by VoiceOfReason
Sat Aug 13, 2016 1:40 pm
Forum: Personal Consumer Issues
Topic: Building a Pool
Replies: 44
Views: 3860

Re: Building a Pool

I put a pool in 2 years ago in a house I just built. I was very hesitant at first about doing it. My wife and I had rented for 7 years on a lake and were buying this house because the first kid was on the way. So having water based entertainment in the backyard was always part of our life. The cost ...
by VoiceOfReason
Thu Aug 11, 2016 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Interest Deduction, Is it worth it?
Replies: 14
Views: 1245

Re: Student Loan Interest Deduction, Is it worth it?

People confuse use this same line of thinking more often with mortgages.

I would love to be on the other side of this deal. You pay me $1 and I'll give you a quarter.
by VoiceOfReason
Wed Aug 10, 2016 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: okay to leave deposit on vehicle?
Replies: 30
Views: 2521

Re: okay to leave deposit on vehicle?

Do not leave a deposit unless the car is so rare that it's irreplaceable. The moment you give any $ to the dealer you've lost the most powerful tool at your disposal: walking away. The dealer will have all the leverage. People that negotiate terms of sales for a living try to make you emotional. Don...
by VoiceOfReason
Tue Aug 09, 2016 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance for 31 year-old
Replies: 20
Views: 2094

Re: Life insurance for 31 year-old

If they can afford to do so without adversely affecting their current standard of living, If this is the standard for financial decisions or estate planning then A LOT of unnecessary things can very easily be justified. With that line of thinking the difference between a $1mm policy and a $5mm poli...
by VoiceOfReason
Tue Aug 09, 2016 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance for 31 year-old
Replies: 20
Views: 2094

Re: Life insurance for 31 year-old

I question the need for a couple with no kids to have life insurance. Your wife makes about the median US income and on,y 70k less than you. She'd also have a head start with assets. Additionally, have you discussed whether she'd remarry if you died? That would significantly impact her need for a la...
by VoiceOfReason
Fri Aug 05, 2016 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare career advice – Admin or NP?
Replies: 16
Views: 1848

Re: Healthcare career advice – Admin or NP?

Others have addressed the core issue of which will make you happy. I will say that from what I've seen in the industry, you will have more opportunities for advancement and higher earning potential by going the administration route. If you want to become a high earning leader with options, that is t...
by VoiceOfReason
Fri Jul 29, 2016 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our beach house?
Replies: 11
Views: 2052

Re: Should we sell our beach house?

This is one of those very personal decisions in life. You are essentially breaking even on the property. You are covering costs, building equity and getting quality use of the place many times a year. I personally am against vacation homes, having watch my parents own a couple as I grew up. My view ...
by VoiceOfReason
Fri Jul 29, 2016 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Young Professional seeking advice
Replies: 6
Views: 1030

Re: Young Professional seeking advice

Get the 401k match
Max a Roth
Additional funds to either 401k or tIRA or build more regularly accessible funds account.

Then figure out a way to make more $
by VoiceOfReason
Sun Jul 24, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 2704

Re: Seeking wisdom on a career crossroad

I generally don't assume that anyone but me is looking out for my career. But that doesn't negate the fact that I think my manager is trustworthy - within his sphere of control. It is the higher ups who make the strategic decisions to chop employees without any consideration for performance that I ...
by VoiceOfReason
Sun Jul 24, 2016 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 2704

Re: Seeking wisdom on a career crossroad

I have seen many people say the work environment at Company A is toxic. But at the same time, you wonder if these are people who simply didn't want to produce at a high level or just couldn't cut it. I have seen many top producers leave which gives me pause as well. It just seems like management at...
by VoiceOfReason
Sun Jul 24, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 2704

Re: Seeking wisdom on a career crossroad

I have a different perspective than most people have expressed. I am in B2B sales as well and have seen this scenario play out a number of times in my career. My opinion is that to switch jobs in sales within your industry should only be done for a handful of reasons: 1) promotion in title, responsi...
by VoiceOfReason
Wed Jul 13, 2016 5:30 am
Forum: Personal Consumer Issues
Topic: What should I tip the limo driver?
Replies: 25
Views: 2563

Re: What should I tip the limo driver?

I routinely get driver service for events for similar length of time as yours. When I ask for a quote from the company, it always has a tip for the driver automatically included. Therefore I handle it the same way as at a restaurant with large parties and tip auto included. Some insist on additional...
by VoiceOfReason
Mon Jul 11, 2016 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Real career path for a 23 yr old with no college degree
Replies: 50
Views: 6915

Re: Real career path for a 23 yr old with no college degree

There is a lot to consider here. If your son is extroverted and personable, those are great sales skills but also life skills. the good news is, many sales organizations do NOT care about a degree, gpa, or anything like that. In sales all that matters is if you are proven and good, period. So your s...
by VoiceOfReason
Sun Jul 10, 2016 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: 401k loan...need some boglehead advice!
Replies: 4
Views: 706

Re: 401k loan...need some boglehead advice!

Hey folks, Would love some input on the whole concept of 401k loans. I am having a hard time deciphering why these are generally frowned upon and would love to hear some feedback. Scenario: The last time the markets were at an all time high, I wanted to cash in some chips, to the tune of $25,000 ou...
by VoiceOfReason
Sat Jul 09, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling stuck in Career/ Portfolio review
Replies: 31
Views: 4592

Re: Feeling stuck in Career

Can you tell me a little more about your service engineer and sales jobs? What degrees did you need to have, did you have to travel much? My kids are still young so I'm not quite ready to have to do too much travel. What type of bachelors program did you complete? It's difficult for me to network h...
by VoiceOfReason
Wed Jul 06, 2016 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling stuck in Career/ Portfolio review
Replies: 31
Views: 4592

Re: Feeling stuck in Career

Hi, I'm 30 years old and I graduated college with an Associates degree in Applied Science and got my Licence as a Radiology Technologist when I was 22. I've been working in my field since and even furthered my degree and got my license in CT. I've been at the same hospital for 5 years and I've only...
by VoiceOfReason
Sat Jul 02, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Applied for Internal Position - Wasn't Interviewed
Replies: 33
Views: 3721

Re: Applied for Internal Position - Wasn't Interviewed

I work for megacorp and I can tell you that from my experience with internal job postings: 1) 90% of the time the hiring manager either does the recruiting, seeks recomdations from leadership/peers, or already has someone in mind. 2) HR is just a means to follow the legal process and has no say in w...
by VoiceOfReason
Wed Jun 22, 2016 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I express my inheritence thoughts to my father?
Replies: 78
Views: 7158

Re: Should I express my inheritence thoughts to my father?

Perhaps your siblings are the astute ones here, knowing a very large inheritance is coming. Regardless, dividing estate equally is as fair as it can be. How can anyone argue otherwise? You haven't been rewarded or your networth won't be significantly more than your siblings anymore? Sounds like this...
by VoiceOfReason
Wed Jun 22, 2016 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging/underpaying a law bill
Replies: 19
Views: 2160

Re: Challenging/underpaying a law bill

On the other hand, it's really really hard for someone (especially a non-lawyer) to look at a bill and say "that should have only taken 1.2 hours, not 1.6" -- you just don't know what went into it, how long it took to research something, etc . One would think that the more senior (and hig...
by VoiceOfReason
Wed Jun 22, 2016 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Challenging/underpaying a law bill
Replies: 19
Views: 2160

Re: Challenging/underpaying a law bill

Individuals conducting business and using large law firms almost always negotiate down the total attorney fees after a deal closes. The attorneys also almost always reduce the fee in response in large part because this person/llc will continue to bring more business back in the future. Your situatio...
by VoiceOfReason
Sun Apr 17, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Medical School preparation Pointers for a Sophomore Student
Replies: 48
Views: 4607

Re: Medical School preparation Pointers for a Sophomore Student

She is still passionate about the health care professional. She always says, if I do not make it to the M.D. program, I will still stay in health care field. So what others areas she can focus ) I would suggest considering the business side of healthcare. I was a biomed engineer for a large medical...
by VoiceOfReason
Sat Apr 16, 2016 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 103
Views: 14134

Re: mortgage pre payment, why?

If we are debating how emotions can lead us to make financial decisions that are worse for us, then we need to look at the premise of buying a $500,000 house in the first place. That is an emotional decision. I submit that buying a $150,000 house will leave one in a better financial position than s...
by VoiceOfReason
Sat Apr 16, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Postnuptial agreement for Physician
Replies: 94
Views: 8686

Re: Postnuptial agreement for Physician

You don't work hard just for yourself and provide a lifestyle for yourself, you work hard for your family. the better approach here is to have a positive conversation about budgets, spending, and lifestyle. Align your goals and expectations as a couple. I'd actually recommend a therapist to mediate ...
by VoiceOfReason
Sat Apr 16, 2016 6:29 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 103
Views: 14134

Re: mortgage pre payment, why?

Where in my analysis do I state my investments will be 100% US stocks? It doesnt take 100% stocks that to beat 2%-2.5%. How did a 45% bonds, 45% stock, 10% cash portfolio do in your case. You just made my point for me for why paying down your mortgage should be seriously considered as part of your ...
by VoiceOfReason
Sun Feb 14, 2016 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with extremely delayed medical billing
Replies: 44
Views: 6478

Re: Dealing with extremely delayed medical billing

My questions: 1) Why would a provider wait so ridiculously long before billing a patient? Something similar happened to me. I believe it has to do with the accounting practices of either the practice or the hospital. If the corporation operates on a calendar fiscal year, they will ensure everything...