Search found 456 matches

by PhysicianOnFIRE
Tue Oct 22, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: TRP Donor Advised Fund (DAF) experience?
Replies: 17
Views: 655

Re: TRP Donor Advised Fund (DAF) experience?

I have experience with TRP, Vanguard and Fidelity DAFs. I started with TRP because that's where my money was at the time. Andrew Tobias' book recommended either T. Rowe Price or Vanguard and T. Rowe Prices sounded more regal. He made Vanguard sound kinda cheap. Anyway, I was invested with them, and ...
by PhysicianOnFIRE
Tue Oct 22, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6151

Re: Can you claim financial independence with kids still in school

Of course, you can. One of my pre-FIRE goals was to have 6-figure 529 plans for each of our two sons. We met that goal, along with between 40x and 50x our anticipated annual spending in our own nest egg. I planted my FI flag firmly in the ground and walked away from work to enjoy the remaining 8 to...
by PhysicianOnFIRE
Tue Oct 22, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity DAF--how to minimize fees
Replies: 27
Views: 2424

Re: Fidelity DAF--how to minimize fees

Think of the fee as the difference between the tax drag your money would see in a taxable brokerage account (about 0.5% for me) and the 0.6% they charge. Now it's 10 basis points instead of 60. You get a lot of great benefits for that 0.1% to 0.3% that others have mentioned. The flushing out of cap...
by PhysicianOnFIRE
Mon Oct 21, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: Use of online teaching platforms for income?
Replies: 3
Views: 568

Re: Use of online teaching platforms for income?

I have not created a course of my own, but have blogging friends who have. To be successful with them, you generally need a large audience. It helps if the audience is your own -- they already know and trust you -- but you can also do well if the "influencers" or popular sites in your particular nic...
by PhysicianOnFIRE
Mon Oct 21, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity DAF--how to minimize fees
Replies: 27
Views: 2424

Re: Fidelity DAF--how to minimize fees

Think of the fee as the difference between the tax drag your money would see in a taxable brokerage account (about 0.5% for me) and the 0.6% they charge. Now it's 10 basis points instead of 60. You get a lot of great benefits for that 0.1% to 0.3% that others have mentioned. The flushing out of capi...
by PhysicianOnFIRE
Mon Oct 21, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6151

Re: Can you claim financial independence with kids still in school

Of course, you can. One of my pre-FIRE goals was to have 6-figure 529 plans for each of our two sons. We met that goal, along with between 40x and 50x our anticipated annual spending in our own nest egg. I planted my FI flag firmly in the ground and walked away from work to enjoy the remaining 8 to ...
by PhysicianOnFIRE
Sun Oct 20, 2019 10:15 pm
Forum: Investing - Theory, News & General
Topic: Investment amount instead of allocation percentage
Replies: 27
Views: 3362

Re: Investment amount instead of allocation percentage

I have a similar plan, but the fixed amount would be in bonds. My plan has been to own at least five years worth of bonds in retirement. That would represent 20% of a portfolio with 25x expenses. As the portfolio gets larger, the bond portion becomes proportionately smaller. At 50x, 5 years worth of...
by PhysicianOnFIRE
Mon Sep 30, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: New to FI.. Suggestions on my personal finance breakdown?
Replies: 3
Views: 527

Re: New to FI.. Suggestions on my personal finance breakdown?

What is FI? Financial Independence To the OP, a Spartan fan I presume, a Roth IRA is a great account to start while you're young and that $500 a month gets you $6,000 a year, which happens to be the Roth IRA max for the year. First, though, if you have a 401(k) with employer match, you should put i...
by PhysicianOnFIRE
Wed Sep 11, 2019 4:26 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57441

Re: Roll Call for the Retirement Class of 2019!

Leif Dahleen, 43. My last shift ends Monday, August 12th, 2019 when I am relieved from call duties as an anesthesiologist at 0600. I don't know if "retired" will be the best term to describe what I'm up to, but I do believe I will be retired from medicine. I'll continue to be a husband and a father...
by PhysicianOnFIRE
Sun Aug 11, 2019 3:24 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57441

Re: Roll Call for the Retirement Class of 2019!

Leif Dahleen, 43. My last shift ends Monday, August 12th, 2019 when I am relieved from call duties as an anesthesiologist at 0600. I don't know if "retired" will be the best term to describe what I'm up to, but I do believe I will be retired from medicine. I'll continue to be a husband and a father ...
by PhysicianOnFIRE
Sat Aug 10, 2019 12:15 pm
Forum: Personal Investments
Topic: I still don't understand the value of a Backdoor Roth for high income earners
Replies: 63
Views: 6413

Re: I still don't understand the value of a Backdoor Roth for high income earners

Physician on Fire did some calculations that put the value of the backdoor vs taxable investment as $30 to $50 per yr per spouse. It's wrong. Whatever other good things Physician on Fire has said, this advice is terrible, about as bad as it gets without telling you to, literally, light money on fir...
by PhysicianOnFIRE
Fri Aug 09, 2019 5:47 pm
Forum: Personal Investments
Topic: I still don't understand the value of a Backdoor Roth for high income earners
Replies: 63
Views: 6413

Re: I still don't understand the value of a Backdoor Roth for high income earners

Physician on Fire did some calculations that put the value of the backdoor vs taxable investment as $30 to $50 per yr per spouse. It's wrong. Whatever other good things Physician on Fire has said, this advice is terrible, about as bad as it gets without telling you to, literally, light money on fir...
by PhysicianOnFIRE
Fri Aug 09, 2019 5:43 pm
Forum: Personal Consumer Issues
Topic: Where did my doctor go?
Replies: 41
Views: 3786

Re: Where did my doctor go?

Discovered Bogleheads and retired early.

I'm working my final shift and will be tasting freedom in ~ 60 hours when Monday morning comes.

:beer
-PoF
by PhysicianOnFIRE
Thu Jul 18, 2019 10:52 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 216
Views: 21000

Re: Has anyone seen the documentary "Playing with FIRE?"

I read the book. I really dislike the author. He is a complete fraud. What makes him a fraud? I'm assuming you're referring to Scott Rieckens, the director and author of the book. I've chatted with him over beers. He's a genuine, friendly guy, orginally from a small town in Iowa. The book and movie...
by PhysicianOnFIRE
Tue Jul 16, 2019 3:04 pm
Forum: Personal Consumer Issues
Topic: Want a 2 in 1 laptop
Replies: 28
Views: 2912

Re: Want a 2 in 1 laptop

Prime day sale that may interest you. https://slickdeals.net/f/13219159-lenovo-flex-14-w-active-lenovo-pen-ryzen-5-3500u-256gb-nvme-ssd-vega-8-449-99-fs-prime-members-only?src=frontpage I picked up that exact deal yesterday. Also bought a 16 gb SODIMM RAM module, as recommended in the comments on S...
by PhysicianOnFIRE
Fri Jun 14, 2019 9:33 pm
Forum: Personal Investments
Topic: Higher dividend VG MF than VTSAX ? [Vanguard Mutual Fund]
Replies: 20
Views: 2651

Re: Higher dividend VG MF than VTSAX ?

Thank you people for all the explanations. More studying to do. What other funds do you guys own other than VTSAX ? BTW do you all tell the dividends to reinvest ? I currently use reinvest in my IRA. But in taxable account, would it be really messy at selling time to do taxes for sell basis when so...
by PhysicianOnFIRE
Fri Jun 14, 2019 9:06 pm
Forum: Personal Consumer Issues
Topic: The Upper Peninsula (UP) in August....What to do, Where to stay?
Replies: 36
Views: 3065

Re: The Upper Peninsula (UP) in August....What to do, Where to stay?

My family is in northern MN and my wife's family is in Northern MI (lower peninsula). Having spent most of the last dozen years in one of those two places, we've driven through many dozens of times. Lots of good tips above already. I will also add the remnants of Fayette , now a "ghost town" in the ...
by PhysicianOnFIRE
Sun Apr 07, 2019 11:13 am
Forum: Personal Investments
Topic: Investing HSA and Backdoor Roth IRA
Replies: 13
Views: 1671

Re: Investing HSA and Backdoor Roth IRA

Thanks to you both! I'll admit, a backdoor Roth IRA confused me, so I pushed it off. But the second best time to plant a tree is today, so I've made these two issues my financial goals of the summer. In response to your comments, what is "FI?" In terms of the HSA, I'm using it to investment purpose...
by PhysicianOnFIRE
Wed Jan 23, 2019 1:38 pm
Forum: Personal Investments
Topic: Backdoor Roth
Replies: 8
Views: 481

Re: Backdoor Roth

Not a problem at all. Everyone can do the backdoor Roth regardless of income (as long as you have the $6,000 in earned income, anyway). If you end up earning less than anticipated and don't have income in or above the phaseout range, the only downside is that you could have saved a step and contribu...
by PhysicianOnFIRE
Thu Jan 17, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 44
Views: 7197

Re: Excel worksheet for calculating SS bend points

I was Googling and found https://www.physicianonfire.com/ssa2017/ I am not keen on signing up, so can I create that worksheet on my own? PM me and I'll gladly send it to the email of your choice. You also have the option of entering your email, downloading the file, and unsubscribing immediately th...
by PhysicianOnFIRE
Wed Jan 16, 2019 11:41 pm
Forum: Personal Investments
Topic: Why is my fund balance lower than my cost basis?
Replies: 4
Views: 825

Re: Why is my fund balance lower than my cost basis?

I purchased shares of Fidelity's S&P 500 Index fund (FXAIX) between May 2014 and December 2016 for an average price between $70 and $80. Today's share price is $90.76. Why is my current cost basis for this fund higher than the account balance? Thank you! Set your cost basis to show individual lots....
by PhysicianOnFIRE
Sun Jan 13, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle? Passive Income?
Replies: 71
Views: 9763

Re: Side Hustle? Passive Income?

Blogging. It's active income, at least the way I do it, but I prefer it to my other day/night job. More fun, less stress. :beer -PoF PoF, Would you mind sharing how much money one can expect to make off of blogging? Thanks! I've seen a breakdown before. >90% earn < $10,000 a year. The top few perce...
by PhysicianOnFIRE
Sun Jan 13, 2019 4:34 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21645

Re: Around 43K in dividends last year - feel good about it ?

One common argument put forth by dividend enthusiasts is that you never have to sell shares when they're down. I've argued that you're effectively forced to sell shares when down whenever a dividend is paid in a down market. And if the company never lowers its dividend, you're effectively selling a...
by PhysicianOnFIRE
Sun Jan 13, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle? Passive Income?
Replies: 71
Views: 9763

Re: Side Hustle? Passive Income?

Blogging.

It's active income, at least the way I do it, but I prefer it to my other day/night job. More fun, less stress.

:beer
-PoF
by PhysicianOnFIRE
Sun Jan 13, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21645

Re: Around 43K in dividends last year - feel good about it ?

One common argument put forth by dividend enthusiasts is that you never have to sell shares when they're down. I've argued that you're effectively forced to sell shares when down whenever a dividend is paid in a down market. And if the company never lowers its dividend, you're effectively selling a...
by PhysicianOnFIRE
Fri Jan 11, 2019 11:51 pm
Forum: Personal Investments
Topic: Tax Loss Harvest (TLH) Question
Replies: 7
Views: 638

Re: Tax Loss Harvest (TLH) Question

Hello Bogleheads. I have a question regarding tax loss harvesting. I had tax loss harvested twice during November-December 2018. The first time I harvested losses I made the following trades: Sold all shares of Vanguard Total Stock Market Index Fund and bought Vanguard Large Cap Index Fund Sold all...
by PhysicianOnFIRE
Fri Jan 11, 2019 11:26 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21645

Re: Around 43K in dividends last year - feel good about it ?

If you don't have other sources of income to live on than your investments a case could be made that you came out ahead because you didn't have to sell stock shares in December at their lowest prices to pay your bills. An argument could be made that the fund managers and companies sold stock shares...
by PhysicianOnFIRE
Mon Jan 07, 2019 10:19 am
Forum: Personal Investments
Topic: Great Examples of IPS?
Replies: 6
Views: 750

Re: Great Examples of IPS?

Mine is due for an update, but this is the most recent revision (red text represents changes from previous):

Image

:beer
-PoF
by PhysicianOnFIRE
Thu Jan 03, 2019 10:49 am
Forum: Personal Consumer Issues
Topic: Snow Plowing
Replies: 54
Views: 2800

Re: Snow Plowing

On my 13th year with a Craftsman 26" snowblower. Used it for three-car garage driveways plus sidewalks and sometimes neighbors' driveways in northern MI, SD, and northern Michigan. If the wind isn't blowing too much, I enjoy it.

:beer
-PoF
by PhysicianOnFIRE
Sat Dec 29, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"
Replies: 94
Views: 13140

Re: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"

Thank you PhysicianOnFire, It was useful even at fidelity. Total Stock Market / S&P 500 / Large Cap Index FZROX, FXAIX, FNILX Total International / All-World Ex-US / Developed Market FTIHX, FZILX/FSGGX, FSPSX Small Cap Index / Mid Cap Index / Extended Market FSSNX, FSMDX, FSMAX https://www.fidelity...
by PhysicianOnFIRE
Sat Dec 29, 2018 9:09 am
Forum: Investing - Theory, News & General
Topic: Fidelity beating vanguard now? switch to Fidelity?
Replies: 121
Views: 6334

Re: Fidelity beating vanguard now? switch to Fidelity?

Vanguard's mutual funds are more tax-efficient . If you're investing in taxable, not only would you take a capital gains hit to sell Vanguard funds, but the Fidelity funds would likely underperform. In tax-advantaged accounts, if performance is identical, you could potentially save $400 per $1,000,0...
by PhysicianOnFIRE
Fri Dec 28, 2018 1:36 pm
Forum: Personal Investments
Topic: Quick TLH check
Replies: 8
Views: 338

Re: Quick TLH check

I'll jump in and say that the potential wash from a $1,400 stake in VOO is likely to be minimal. If the December dividend of about $7 was reinvested, you'll have a tiny partial wash sale if you were to TLH from VTSAX to VFIAX. I'm assuming you didn't purchase a substantial portion of the VOO in Dece...
by PhysicianOnFIRE
Wed Dec 26, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"
Replies: 94
Views: 13140

Re: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"

Thank you. Reason I asked to see if any one has experience doing TLH with TIAA-CREF is (1) "Currently, TIAA doesn’t offer tax-loss harvesting." https://smartasset.com/financial-advisor/TIAA-Personal-Portfolio-Review (2) TLH is available only for those who select Client Preference as mentioned in "A...
by PhysicianOnFIRE
Wed Dec 26, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Please help with first TLH [Tax Loss Harvesting]
Replies: 8
Views: 733

Re: Please help with first TLH

Now that I think about it, I may just sell all shares in my taxable account, since I started buying in taxable 6/27/2016. I only have 6 lots with a gain. All of these long term gains only add up to a few hundred dollars. Meanwhile, the losses add up to many thousands of dollars. So should I just se...
by PhysicianOnFIRE
Wed Dec 26, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: TLH question from a novice [Tax Loss Harvesting]
Replies: 5
Views: 565

Re: TLH question from a novice [Tax Loss Harvesting]

Yes. You are wise to use VLCAX as I see two S&P 500 Funds held elsewhere.

Happy Harvesting! :beer
-PoF
by PhysicianOnFIRE
Wed Dec 26, 2018 2:00 pm
Forum: Personal Investments
Topic: Last day of TLH for Year 2018
Replies: 9
Views: 1419

Re: Last day of TLH for Year 2018

Is Dec. 31 the last day of TLH for year 2018? If the market goes down further on Dec. 31, should I harvest more loss for this year? I have a lot Cap gain distribution this year from active funds. Short answers. Yes and yes. So it is the Trade Date that matters, not the settlement date. Thanks. A be...
by PhysicianOnFIRE
Wed Dec 26, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: TLH within my Taxable account [Tax Loss Harvesting]
Replies: 10
Views: 727

Re: TLH within my Taxable account [Tax Loss Harvesting]

Thanks for the reply livesoft. I had learned #4 below the hard way years ago, and knew #1 and also #3 (although that only works if you are selling the last lot purchased, so stopping or delaying the next investment would work. I didn't quite know #2 and it makes sense. I rarely sell from this accou...
by PhysicianOnFIRE
Wed Dec 26, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Thank you !! and TLH question [Tax Loss Harvesting]
Replies: 2
Views: 261

Re: Thank you !! and TLH question [Tax Loss Harvesting]

As long as the potentially offending dividend reinvestments are in funds that mirror different indices than VTSAX and VTIAX, and it appears that they are, most here would agree that you should be OK. The IRS has not formally defined "substantially identical." There are varying opinions on whether or...
by PhysicianOnFIRE
Wed Dec 26, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"
Replies: 94
Views: 13140

Re: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"

Bogleheads: The Physician on Fire website alerted me to this excellent step-by-step guide written by Vanguard about Tax-Loss Harvesting: Tax Loss Harvesting with Vanguard: A Step by Step Guide Best wishes. Taylor Many thanks for posting this. Please guide if there is a similar tutorial on how to do...
by PhysicianOnFIRE
Tue Dec 25, 2018 7:05 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting Partners to Avoid Wash Sale
Replies: 6
Views: 802

Re: Tax Loss Harvesting Partners to Avoid Wash Sale

fuquan wrote:
Tue Dec 25, 2018 3:41 pm
Any suggestions for what to move into if you get to the end of your US progression within 30 days (VTSAX > VLCAX > VFIAX) and want to TLH once more?
VTCLX (Vanguard Tax-Managed Capital Appreciation Fund) is a decent fourth fund.
by PhysicianOnFIRE
Sun Dec 23, 2018 11:35 pm
Forum: Personal Investments
Topic: Yet another TLH Question
Replies: 5
Views: 522

Re: Yet another TLH Question

Hello, and Thanks for any input. I need to sell some Wellington and some Wellesley to harvest some tax losses, I'd like to buy Balanced Index for at least the 31 days, would this fund be substantially the same as either of the funds I am selling and constitute a wash sale? Thanks Again You're very ...
by PhysicianOnFIRE
Sun Dec 23, 2018 6:30 pm
Forum: Personal Investments
Topic: Advice needed on on 2 TLH questions
Replies: 4
Views: 376

Re: Advice needed on on 2 TLH questions

1. Either way is fine. It's up to you whether you value simplicity vs. exactly following an index. Suggest you chart VFIAX vs. VTSAX to see the difference over the years. Thanks. I did run some charts and the 80/20 combo tracks closer to Total Stock market. I guess that’s my answer. :D 2. Correct. ...
by PhysicianOnFIRE
Sun Dec 23, 2018 5:56 pm
Forum: Personal Investments
Topic: Selling fund after dividend date with TLH
Replies: 4
Views: 540

Re: Selling fund after dividend date with TLH

Based on what @mhalley shared, I would definitely get out of that fund even it were slightly positive. It's expensive and clearly tax-inefficient.

:beer
-PoF
by PhysicianOnFIRE
Sun Dec 23, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: Does anybody not TLH due to slightly different returns?
Replies: 26
Views: 1138

Re: Does anybody not TLH due to slightly different returns?

That last rhetorical question has a ring of truth to it. Also, you're assuming no state or local income tax. You're also assuming TDG will never be in the 0% capital gains bracket ($78,750 of taxable income MFJ in 2019), will never donate appreciated assets, and will never pass on funds from a taxab...
by PhysicianOnFIRE
Sun Dec 23, 2018 5:49 pm
Forum: Personal Investments
Topic: Fidelity Tax Loss Harvesting Partners
Replies: 5
Views: 497

Re: Fidelity Tax Loss Harvesting Partners

I harvested losses in both today. I used the No Fee ZERO funds that follow proprietary indices by Fidelity. I consider that good enough to not be considered substantially identical FKSAX to FZROX. FTIHX to FZILX. I took screenshots throughout and will be publishing a tutorial on Christmas day. :beer...
by PhysicianOnFIRE
Sat Dec 22, 2018 11:15 pm
Forum: Personal Investments
Topic: Virgin TLH
Replies: 6
Views: 625

Re: Virgin TLH

Good morning, Livesoft-thank you for your prompt response. It sounds like SpecID is not retroactive. Could you please help me understand why you recommend against selling the VFIAX? Am I incorrect in thinking that I could cancel out the gains from that with the losses in VTSAX? Cheers- mc2 Specific...
by PhysicianOnFIRE
Sat Dec 22, 2018 10:46 pm
Forum: Personal Investments
Topic: confirm TLH steps
Replies: 30
Views: 1553

Re: confirm TLH steps

If the market rebounds in the next 30 days, any benefit gained from TLH could be more than offset by the opportunity cost of holding cash for a month. I recommend exchanging into a similar (but not substantially identical) fund immediately, so you don't take a minute out of the market. If you've alr...
by PhysicianOnFIRE
Sat Dec 22, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: TLH for VTIAX - 21K Loss [Tax Loss Harvesting for Vanguard Total Int'l]
Replies: 15
Views: 1189

Re: TLH for VTIAX - 21K Loss

Just to be sure, the tiny fractional dividend on 12/21 corrupts the whole thing and there's no point in trying TLH before the end of the year? Does the 12/21/18 VTIAX dividend count as a replacement purchase within 30 days before and after a sale? It's not a "replacement" in whole, but might be in ...
by PhysicianOnFIRE
Sat Dec 22, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to tax loss harvest?
Replies: 20
Views: 1903

Re: How to tax loss harvest?

I have not seen it mentioned in the article link from Physician on Fire site, but please be aware that IRAs, whether traditional or Roth, should be included when considering tax loss harvesting. Meaning you cannot be selling something in your taxable brokerage account to TLH, but buy the same funds...