Search found 31 matches

by 21&lewis
Fri May 08, 2020 9:03 am
Forum: Personal Investments
Topic: $250,000 Debt, High-Income Potential, beginner starting from ZERO
Replies: 37
Views: 4214

Re: $250,000 Debt, High-Income Potential, beginner starting from ZERO

You have a "mortgage" but no house (eg; student loans). Figure out a plan to manage those. Specifically, read about PSLF, PAYE, RePAYE, and then read it again. Understanding your options to manage that loan burden will be your greatest asset in the short-term future.
by 21&lewis
Thu Jan 30, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Online Home Refi
Replies: 4
Views: 524

Online Home Refi

Anyone deal with First Mortgage Direct (Kansas City, MO)? I filled out some loan refi questions on bankrate and was contacted by this company. Seems OK with the BBB. Terms: 2.875% for 15 year 70% LTV No discount points or origination "50:50" on whether an appraisal is needed (I'll assume they'll nee...
by 21&lewis
Sun Jan 12, 2020 2:49 pm
Forum: Personal Consumer Issues
Topic: College Reunion Destination
Replies: 49
Views: 3410

Re: College Reunion Destination

I vote for Asheville, NC. Fly into Charlotte. Spend a night in the city and then head west. The weather will (likely) be much nicer than Nashville or the rest of the soupy southeast that time of year.
by 21&lewis
Wed Dec 25, 2019 5:10 pm
Forum: Investing - Theory, News & General
Topic: My Christmas Gift to You Seventy-Five Years Ago
Replies: 74
Views: 7012

Re: My Christmas Gift to You Seventy-Five Years Ago

What an incredible story Taylor. Thank you for your selfless service to our great country!

I typically visit this site for some degree of financial inspiration. What a blessing I have received on Christmas to read this instead!
by 21&lewis
Thu Feb 28, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house as a medical student
Replies: 23
Views: 1213

Re: Buying a house as a medical student

What is your net worth? Are you living on loans for med school, or are your costs covered? Med school is insanely expensive these days. It wouldn't make sense to me to use borrowed money as your collateral to take out a loan on a house...not the kind of leverage I'd want
by 21&lewis
Sun Feb 10, 2019 7:34 pm
Forum: Personal Investments
Topic: New portfolio advice
Replies: 8
Views: 570

Re: New portfolio advice

Also, I agree with LeeMKE

You are 45 years old with 26 years of $7500/month on your mortgage ($2.34MM left to go...). You'll be done paying off when you're 71 yo. I would vote "NO" for the second home for now...
by 21&lewis
Sun Feb 10, 2019 7:27 pm
Forum: Personal Investments
Topic: New portfolio advice
Replies: 8
Views: 570

Re: New portfolio advice

Wow, a multi-million dollar house in Nebraska...must be a castle! Your tax bracket suggests an income of $600,000+. Given your age and assets, I'm guessing you're a doc, though I could be wrong. How long have you been making this $, and what is your annual retirement budget? It will be helpful for s...
by 21&lewis
Tue Feb 05, 2019 1:59 pm
Forum: Personal Investments
Topic: Retirement Planning when you have more than required
Replies: 11
Views: 1294

Re: Retirement Planning when you have more than required

You're single, risk averse, and have more than you need...sounds like a perfect opportunity for a SPIA. Revisit your risk tolerance once you've got your $8K month covered by (mostly) guaranteed income (if you're including the real estate cash flow). If you're not planning to leave a legacy, there wi...
by 21&lewis
Fri Jan 18, 2019 8:57 am
Forum: Personal Consumer Issues
Topic: What shelf liquor and your favorite cocktails?
Replies: 45
Views: 3537

Re: What shelf liquor and your favorite cocktails?

My favorite bourbon for the price/value is Four Roses Small Batch (better than Single Barrel to my taste buds). @$30/fifth I haven't found anything better. There are several (much) more expensive brands that I like, but this is my go to for anything bourbon. Great neat, with one ice cube, or in a co...
by 21&lewis
Fri Jan 18, 2019 4:12 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 60207

Re: John Bogle has died at age 89

RIP Mr. Bogle

Thank you
by 21&lewis
Fri Jan 11, 2019 10:21 am
Forum: Personal Consumer Issues
Topic: Recommendations for a 9mm handgun
Replies: 171
Views: 14823

Re: Recommendations for a 9mm handgun

Great advice on this thread! My favorite is the HK VP9
by 21&lewis
Fri Dec 21, 2018 10:38 pm
Forum: Investing - Theory, News & General
Topic: Friday Automatic Investments
Replies: 4
Views: 575

Re: Friday Automatic Investments

Silk McCue wrote:
Fri Dec 21, 2018 10:18 pm
I searched “impact of Friday stock buys” on this site and the first result covers the topic well.

viewtopic.php?t=210626

Cheers
Thanks Silk McCue
by 21&lewis
Fri Dec 21, 2018 9:42 pm
Forum: Investing - Theory, News & General
Topic: Friday Automatic Investments
Replies: 4
Views: 575

Friday Automatic Investments

One, or more, of the following assumption(s) may be incorrect, but I am interested in the Board's thoughts nonetheless (I did try a cursory search on the forum before asking): If the average retirement investor saves for the majority of their voluntary retirement through their work 401K, 403B, etc, ...
by 21&lewis
Sun Jul 15, 2018 8:40 am
Forum: Personal Investments
Topic: Need to generate income
Replies: 27
Views: 3008

Re: Need to generate income

Does your social security cover all of your needs? If not, what additional amount of $ is required to meet this threshold? You might consider a SPIA for this needed amount and invest the rest based on your risk tolerance. Do you have a budget or a sense that more is coming in than going out? I am co...
by 21&lewis
Thu Jul 12, 2018 8:24 pm
Forum: Personal Investments
Topic: When can I retire? Where to go from here?
Replies: 19
Views: 4189

Re: When can I retire? Where to go from here?

Respectfully, a $3.5M net worth without debt at your current salaries suggests some "outside" help. I know you commented on well paying jobs that weren't sustainable, but honestly, at your age, I don't know many folks who would transition to a HH income of ~$140K and have your net worth without some...
by 21&lewis
Thu Jul 12, 2018 8:12 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 7557

Re: Costco Membership

Costco is great IF they're nearby. If you have to drive out of your way, membership may or may not be worth it (I'm not much for the inconvenience of driving anywhere out of the way). We love it, but go on weeknights or "odd" hours (eg; not primetime weekends). Outside of glasses, they have a lot of...
by 21&lewis
Thu Jul 12, 2018 7:53 pm
Forum: Personal Investments
Topic: Mid-to-Long-Term Savings Advice
Replies: 3
Views: 539

Re: Mid-to-Long-Term Savings Advice

Congrats on saving 20% of your pre-tax salary @ 38. Continue that until retirement, and the rest may be "gravy". You have 3 buckets outside your retirement savings and e-fund: travel, auto, and general savings. As I read this, all are overflowing. This is a good problem. I would not favor viewing th...
by 21&lewis
Thu Jul 12, 2018 6:23 pm
Forum: Personal Investments
Topic: Mid-to-Long-Term Savings Advice
Replies: 3
Views: 539

Re: Mid-to-Long-Term Savings Advice

I haven't looked at your older posts. What are your savings for retirement? Mid to (especially) long term savings should be geared toward retirement if they don't have a specific other purpose.
by 21&lewis
Thu Mar 22, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 12292

Re: I’m looking for a word...

Scrumtrulescent
by 21&lewis
Tue Mar 13, 2018 8:48 am
Forum: Personal Investments
Topic: Can I Retire??
Replies: 16
Views: 3502

Re: Can I Retire??

Hard to tell unless we know your anticipated expenses in retirement
by 21&lewis
Sat Mar 10, 2018 11:34 am
Forum: Personal Investments
Topic: Stay in federal employment vs leave for private practice
Replies: 30
Views: 3293

Re: Stay in federal employment vs leave for private practice

Fellow MD here. I split my time between the VA and an academic institution. On the academic side, we are collection/production based, so it does have a little more of a private practice feel. If it were me, I would stay put at your current job for a couple reasons: 1. You like your current job and t...
by 21&lewis
Wed Feb 28, 2018 7:54 pm
Forum: Personal Investments
Topic: First timer...request portfolio review
Replies: 4
Views: 1019

Re: First timer...request portfolio review

Thanks gostars I've thought about using the G fund in TSP for my total bond allocation as well. I wasn't sure if it was worth the effort to slice and dice to do this, but it may be. It was surprising to see the fees paid to the "good guy" on the American Funds ER in the backdoor Roth. I've (admitted...
by 21&lewis
Tue Feb 27, 2018 11:00 pm
Forum: Personal Investments
Topic: First timer...request portfolio review
Replies: 4
Views: 1019

Re: First timer...request portfolio review

Thanks Duckie for the reply. It looks like my current selections are appropriate in the Fidelity 401k. Your comment regarding a lack of bonds in the American Funds backdoor Roth are well taken. I will switch all to a Target 2045. As I look at the total portfolio, I've had a fair amount in cash on th...
by 21&lewis
Tue Feb 27, 2018 4:47 pm
Forum: Personal Investments
Topic: First timer...request portfolio review
Replies: 4
Views: 1019

First timer...request portfolio review

To the knowledgeable members of this forum, thanks for all you do. I have enjoyed all I have learned from this site and WCI and know there's a whole lot more to learn. Thank you for taking the time to review my portfolio and provide advice. My employment is somewhat complicated, as I split my time (...
by 21&lewis
Fri Jun 09, 2017 4:25 pm
Forum: Personal Investments
Topic: Portfolio initial setup help
Replies: 6
Views: 1193

Re: Portfolio initial setup help

Bolderboy hit the nail on the head...with a boulder Lack of an emergency fund is the most likely deficiency to derail your current portfolio plans. I'm too lazy to do the calculations, but you list $400 and then 19.8% cash as representative of your portfolio. Not sure if you meant you have $400 in t...
by 21&lewis
Fri Jun 02, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking input--retirement plan
Replies: 13
Views: 1579

Re: Seeking input--retirement plan

Your numbers look great! Couple points for clarification: -Please share your current/desired AA. -Are you planning to pay for the kids college? If so, is that $ in a different account not listed, or are you cash flowing it? If so, how does this affect your savings plans for those years? -You shared ...
by 21&lewis
Fri Jun 02, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Need advise on my situation with Student Loan
Replies: 8
Views: 1237

Re: Help: Need advise on my situation with Student Loan

You need to check out WCI (whitecoat investor). He has some vetted loan consolidation companies on his site and several posts regarding refi. I'm fairly certain you can get a better rate than 7+% Live like a resident for a few more years, and you'll knock it out of the park! One other piece of advic...
by 21&lewis
Sat Apr 22, 2017 3:58 pm
Forum: Personal Consumer Issues
Topic: Recommendation for Adults-only All-Inclusive resort/hotel?
Replies: 21
Views: 5162

Re: Recommendation for Adults-only All-Inclusive resort/hotel?

One of our best all-inclusive experiences was in Antigua. We much prefer the smaller/more intimate resorts rather than the "Vegas on the beach" mega-resorts. IMO it's easier to unwind and unplug, but to each their own. We LOVED http://www.cocobayresort.com. It's a tad bit more than the $400 you indi...
by 21&lewis
Sat Apr 22, 2017 2:55 pm
Forum: Personal Investments
Topic: Fed and newbie boglehead seeking portfolio advice
Replies: 17
Views: 2118

Re: Fed and newbie boglehead seeking portfolio advice

OP, How are you planning to retire as a fed (FERS) @ 50? Are you under a special provision (e.g.; law enforcement, firefighter, etc)? Otherwise, based on your age, your MRA should be age 57, and you would receive a reduction in pension for taking early and no COLA until age 62. The only other way I ...
by 21&lewis
Sun Nov 06, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Fed: Retire or transfer?
Replies: 5
Views: 1480

Re: Fed: Retire or transfer?

From opm.gov: "Eligibility for Health Benefits After Retirement Requirements You are eligible to continue health benefits coverage, upon retirement, if you meet all of the following requirements: you are entitled to retire on an immediate annuity under a retirement system for civilian employees (inc...