Search found 27 matches

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: 1050

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: 477

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: 477

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: 1261

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: 2959

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: 50839

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: 13068

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: 539

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: 539

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: 2890

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: 4061

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: 7330

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: 502

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: 502

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: 11274

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: 3337

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: 3094

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: 966

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: 966

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: 966

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: 1131

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: 1545

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: 1223

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: 4771

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: 2072

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: 1409

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...