Search found 476 matches

by hightower
Sat Jul 14, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX vs. Fidelity Freedom Index Fund
Replies: 11
Views: 1431

Re: VSTAX vs. Fidelity Freedom Index Fund

Wow, that's quite a "gift" someone gave you. You just won the lottery IMO. If I were you, 21 years old with 100k in hand, I would take that 100k, open a taxable brokerage account at Vanguard, put 100% of it into VTSAX and forget about it for the next 45 years. If you get even 7% percent average grow...
by hightower
Tue Jul 10, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4480

Re: 30 Year vs 15 Year Mortgage

It sounds like the general consensus is that we should go with a 30 year mortgage. Pay off as a 15 year, the extra interest is simply a penalty for flexibility. What about the idea of paying it over 30 years and putting the difference of what a 15 year payment would be into a taxable investment acc...
by hightower
Thu Jul 05, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 138
Views: 8934

Re: What time do you get up in the morning?

Usually between 6-7. But, the more important thing is to get up after a full 7-9 hours of sleep! And be consistent with it. Adequate sleep is vital to life.
by hightower
Wed Jul 04, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9487

Re: What’s your plan for a market downturn?

Hello. First post, and I was just wondering if anyone has put any plans in place already for the long-predicted downturn. Do you know what you’re going to do when it happens? I realise that it’s basically impossible to predict when a prolonged dowturn is going to happen — some clever economists are...
by hightower
Wed Jul 04, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: hybrid or plug-in electric car
Replies: 70
Views: 3850

Re: hybrid or plug-in electric car

I drive about 5200 miles per year, generally no more than 20 miles per day, and avoiding highways nearly all the time. For climate change reasons, trying to decide whether to buy a new plug-in, and possibly put some solar panels on my roof to make it a solar car, or go with a hybrid. I like the ide...
by hightower
Wed Jul 04, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Can you just hold VOO VTI and call it a day?
Replies: 10
Views: 1030

Re: Can you just hold VOO VTI and call it a day?

Sure, you CAN do this if you want. But, it doesn't make much sense to hold both VOO (S&P 500) and VTI (Total Stock Market). VTI holds a lot of the same stocks as VOO, so you're being a bit redundant with using both. I would just use VTI and "call it a day" if you wanted to have a simple portfolio th...
by hightower
Sun Jul 01, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Just joined the workforce with $400k in student debt: can you review my financial plan?
Replies: 14
Views: 2348

Re: Just joined the workforce with $400k in student debt: can you review my financial plan?

I would probably open a Roth IRA and put the max into that each year (5500). Any additional funds left over I would just hold on to as a form of an EF (which it sounds like you want to do anyway with the 3k). That will give you a head start when you start working as an attending and are ready to fin...
by hightower
Sat Jun 30, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 81
Views: 4662

Re: Can I buy a Tesla?

I have a tesla model three reservation and I was recently invited to configure the car. I wanted to know if bogleheads think it is wise given my financial situation. My anticipated gross income for 2018 will be about 250,000. I anticipate gross income for 2019 will be about 400,000. My current net ...
by hightower
Thu Jun 28, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 31960

Re: What is/ was your career and would you recommend it now?

MD. Specialty Surgeon. Would not recommend going to medical school. Way too costly and way too much time. If you don't like it after many years, you will be trapped. How many times have you met someone in a different career that used to be a doctor? Career rapidly changing for the worse. None of my...
by hightower
Thu Jun 28, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 31960

Re: What is/ was your career and would you recommend it now?

Physician here Don't love it. Don't totally hate it either. I'm certainly very thankful to have such a good job with great income. But, I do feel if I had to do it all over again I'd choose differently. For me it's just not a great fit for my personality, which I didn't know anything about when I wa...
by hightower
Thu Jun 28, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Airbnb - cleaning fee, service fee, occupancy fee....???
Replies: 71
Views: 5306

Re: Airbnb - cleaning fee, service fee, occupancy fee....???

My wife runs an Airbnb room in the back of our house. She sets the price/night and the cleaning fee. The price per night is actually based on a recommendation by airbnb based on what our local market is doing, though she can override it if she wants. The cleaning fee is there because she has to spen...
by hightower
Sun Jun 10, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6786

Re: 35 and Need Help With Building Wealth

I would highly recommend you read some material on picking a portfolio. Yours needs to be simplified IMO. It is WAY too complicated and really doesn't make any sense. 1% in each year target retirement fund is not how those are meant to work. You pick just one, based on the year you think you'll wan...
by hightower
Sun Jun 10, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Next Steps for Single 34 Year Old with Savings and Roth IRA (VASGX)
Replies: 37
Views: 3175

Re: Next Steps for Single 34 Year Old with Savings and Roth IRA (VASGX)

Just a small comment about your mention of "no debt other than a small car payment." You have debt if you have a car loan. The reason I feel compelled to point this out is because too often in today's society people view car debt as acceptable. It is not. Don't get sucked into the trap of thinking t...
by hightower
Sun Jun 10, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6786

Re: 35 and Need Help With Building Wealth

As far as diversity is concerned, the bulk of my investing is held in my 401k. I assume that counts. I try to keep diversification in mind, so here is my current 401k allocation (I set these myself): NUVEEN WIN LGCP GR I (40%) WM BLAIR SMMIDCP GR (15%) FID 500 INDEX IPR (13%) ICM SM CO INST (10%) V...
by hightower
Sat Jun 09, 2018 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6786

Re: 35 and Need Help With Building Wealth

Congrats on working hard to increase your income and doing so in creative ways. You say you want to build wealth as quickly as possible? Ok, sure, everyone wants to do that. But make sure you have a plan that is both sound and sustainable for the long haul. Why REITs? Are you going for 100% REIT por...
by hightower
Thu Jun 07, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Too much cash. Not sure what to do with it
Replies: 6
Views: 1299

Re: Too much cash. Not sure what to do with it

I'd place it in a taxable brokerage account and invest in something simple like Vanguard Total Stock Market (VTSAX). Without knowing what kind of expenses you have, I can't comment on how much of an E-Fund you need, but with 200k in a taxable, I'd argue that would probably be good enough for an efun...
by hightower
Thu Jun 07, 2018 6:49 am
Forum: Personal Consumer Issues
Topic: What commuter car provides the best long term financial value?
Replies: 84
Views: 6763

Re: What commuter car provides the best long term financial value?

I commute about 500 miles a week, or about 24,000 per year and am looking for a car that will get me to work and back for the cheapest total cost over it's lifetime (including gas, repairs, depreciation, purchase price, etc). The only thing I'd hesitate on is something much smaller than the Chevy S...
by hightower
Wed Jun 06, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help, Huge Decision
Replies: 26
Views: 4306

Re: Please Help, Huge Decision

I'm 30, I invest with Vanguard. I have a 403b through work that is a Target Date 2055 Fund. I have a Roth IRA capped at $5500 that is 100% VFINX. I have $10,000 sitting in my Money Market (Management?) Account and I need it to be allocated to something! I want the money to be accessible in approxim...
by hightower
Wed Jun 06, 2018 5:12 pm
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 6160

Re: Need advice on 1st international vacation

My first european vacation was to the UK. We drove around Ireland following Rick Steve's guidebooks for about a week, then went over to London for another week after that. It was an incredible trip. I highly recommend Rick Steves and follow his recommendations religiously. He'll save you money, keep...
by hightower
Wed Jun 06, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6475

Re: Expensive house in HCOL area

This sort of thread is becoming very common these days on here and over at WCI. People are way over-extending themselves on home purchases and rightfully feeling very nervous about it, so they make threads like this hoping to get consolation from the masses. There's no debating this...a 1.3+ millio...
by hightower
Wed Jun 06, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6475

Re: Expensive house in HCOL area

This sort of thread is becoming very common these days on here and over at WCI. People are way over-extending themselves on home purchases and rightfully feeling very nervous about it, so they make threads like this hoping to get consolation from the masses. There's no debating this...a 1.3+ million...
by hightower
Sun Jun 03, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can a physician work in tech while practicing as well?
Replies: 57
Views: 3884

Re: Can a physician work in tech while practicing as well?

Don't know what specialty you're going into, but I don't see working full time as a new attending physician and picking up another degree at the same time and trying to start a side business/career as being very doable. Could you work part time and do it? Maybe. But, you will have no time for anythi...
by hightower
Sun Jun 03, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Profile: The Road to 1Million USD
Replies: 42
Views: 8512

Re: Profile: The Road to 1Million USD

Hello everyone, I am 27 yr old male, single, working in the US. Stats: Yearly Income (Projected): ~$71,500 (maybe 72K depending on if I sell my company stock end of each quarter ) No debt EDIT: Finished paying it off last month, my SR has jumped it because of it. NW: ~17,300 Savings (Ally savings @...
by hightower
Sat Jun 02, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5348

Re: Have $2.5M at 30, career advice needed

I'm in a unique position financially and there's not a lot of people I feel like I can talk to about the topic. Any advice is appreciated. I'm 30, live in Bay Area (a very HCOL area), with a net worth of about 2.5M (500k IRA + 401k, 2M in house, $100k cash). Mortgage on a 2.4M house out of which 2M...
by hightower
Sat Jun 02, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: If I began investing at 22 by maxing my 401K, how much would I have today?
Replies: 17
Views: 2055

Re: If I began investing at 22 by maxing my 401K, how much would I have today?

I think it's a useful exercise for people first starting out. When I first started to pay attention to money/investing/personal finance, I did a similar thing and ran some numbers of where I could have been had I paid off my student loans earlier, not bought a house when I did/bought a cheaper house...
by hightower
Sat May 26, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Hawaii vacation suggestions
Replies: 40
Views: 4906

Re: Hawaii vacation suggestions

I'm just now booking my first trip to the Islands in March of 2019. I'll be on the big island for 6 days and then 4 days on Maui. I am a fan of outdoor stuff... Hiking up to 20 miles a day, I tired surfing on the west coast a few times(but I stick to snow sports now) Scuba diving, running, cycling,...
by hightower
Sat May 26, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 45
Views: 4758

Re: Do I pay towards my mortgage or invest?

Hi everyone, I got a good tax refund this year - a little over $10k. I have a mortgage of $480k @ 3.875% (30 yr fixed). I am thinking about putting this 10k towards the mortgage, and from my calculations, I save about 20k in interest over 30 years. Other options are - build a deck, take care of som...
by hightower
Tue May 22, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Babymoon - Hawaii Recommendations/Expected Costs
Replies: 27
Views: 1889

Re: Babymoon - Hawaii Recommendations/Expected Costs

Wife and I will be having our first baby in November. We are looking to do our "babymoon" in Hawaii and are looking for suggestions and estimated costs for it. It will be my wife's first time going to Hawaii and all she really is wanting to do is relax/enjoy the beach and maybe do a spa item. I hav...
by hightower
Tue May 22, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9421

Re: Dave Ramsey it or keep low interest debt

To the OP, yes I think you should "Dave Ramsey" the car loans. In my opinion, it is not smart to go into debt for consumer goods such as automobiles. If you wouldn't walk into the dealer and pay cash for the car, you probably are buying too much car. Doesn't really matter that it's low interest or ...
by hightower
Tue May 22, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Pregnant wife - HDHP
Replies: 9
Views: 971

Re: Pregnant wife - HDHP

Assuming your family remains healthy, I think at your age it would still make better sense to stick with the high deductible plan and contribute to an HSA for as long as you can. That money will be very valuable to you as you age. It's more likely you'll need those funds in later years. FWIW, my wif...
by hightower
Mon May 21, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 77
Views: 12500

Re: Chase Savings Account emptied out!

Could be identity theft too. This is precisely the sort of thing that happens with data breaches like Equifax when our personal information is stolen.
by hightower
Mon May 21, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9421

Re: Dave Ramsey it or keep low interest debt

To the OP, yes I think you should "Dave Ramsey" the car loans. In my opinion, it is not smart to go into debt for consumer goods such as automobiles. If you wouldn't walk into the dealer and pay cash for the car, you probably are buying too much car. Doesn't really matter that it's low interest or z...
by hightower
Fri May 11, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 1.75%]
Replies: 210
Views: 32172

Re: Ally online savings now at 1.60%

This thread will seem funny when rates hit 3-4% again in the near future. We will be like "remember when we used to get excited about a 0.1% increase in interest rates?"
by hightower
Wed May 09, 2018 5:31 pm
Forum: Personal Consumer Issues
Topic: Hawaii vacation suggestions
Replies: 40
Views: 4906

Re: Hawaii vacation suggestions

I'm just now booking my first trip to the Islands in March of 2019. I'll be on the big island for 6 days and then 4 days on Maui. I am a fan of outdoor stuff... Hiking up to 20 miles a day, I tired surfing on the west coast a few times(but I stick to snow sports now) Scuba diving, running, cycling,...
by hightower
Wed May 09, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Hawaii vacation suggestions
Replies: 40
Views: 4906

Re: Hawaii vacation suggestions

We try to go to Hawaii every winter. Winter is wonderful usually, but it can rain. It's also not as hot. But, we want to go back for a spring or summer trip next time so that the ocean is calmer and we can swim/snorkel in more spots. Just got back from 2 weeks in Maui this March actually! It was gre...
by hightower
Sun May 06, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: Can We Move To Oahu ?
Replies: 17
Views: 2974

Re: Can We Move To Oahu ?

Very familiar with COL, traffic, etc. Right now we don't leave before 9 AM and return before 3 PM if we want to go to Honolulu. Between the earthquakes shaking and lava eruptions burning up homes on the Big Island, the USA record for rainfall and flooding on Kauai last week, and errant nuke threats...
by hightower
Sun May 06, 2018 2:37 pm
Forum: Personal Consumer Issues
Topic: Open-ended question about vacationing in Yosemite or a different national park
Replies: 49
Views: 3192

Re: Open-ended question about vacationing in Yosemite or a different national park

@OP It's wonderful you're planning a trip out west to visit our amazing national parks. Yosemite is the park I first fell in love with and somewhere you should certainly visit if you have the opportunity. Glacier NP is another gem I highly recommend. For Yosemite I recommend going the week or two af...
by hightower
Wed May 02, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 10837

Re: Have you quit eating sugar? Tell me how!

My wife has someone managed to give up added sugar. She claims it isn't that hard. She does still crave simple carbs like that found in white bread/pasta,etc. But, she doesn't touch anything with added sugar. My goal is to do the same, but I haven't been able to pull it off yet. We eat out too often...
by hightower
Tue Apr 24, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Treasury yields climbing...tap the brakes on paying low interest student loans?
Replies: 7
Views: 1103

Treasury yields climbing...tap the brakes on paying low interest student loans?

I'm sitting on around 85k of student loans at 2.6% fixed for 20 years. Payments are 488/month. Now that we see the costs of borrowing are going up (treasury yields hit 3% today), does that change anyone's mind on the pay off debt vs invest argument? My plan was to pay this all off by the end of the ...
by hightower
Tue Apr 24, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: John Oliver- All you have to know about planning for retirement
Replies: 6
Views: 2339

Re: John Oliver- All you have to know about planning for retirement

John Oliver is great For the general public who takes zero interest in their retirement accounts, segments like this, that are both entertaining and packed with useful, factual information, can be game changers. Of note- one major legislative change since the Oliver piece aired in 2016: The fiduciar...
by hightower
Mon Apr 09, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Would you pay off the student loan or keep the $$$
Replies: 48
Views: 2541

Re: Would you pay off the student loan or keep the $$$

Okay, you can believe what you want to believe in terms of the value of your cars (you remind me of the people on pawn stars who come in wanting some ridiculous price for their stuff only to find out that their perception of the value of their stuff is pretty much delusional) Regardless, even if the...
by hightower
Mon Apr 09, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Would you pay off the student loan or keep the $$$
Replies: 48
Views: 2541

Re: Would you pay off the student loan or keep the $$$

You're looking for validation to spend more money on cars when you already have 4. 2 of which are completely optional. Those 2 extra vehicles are not only depreciating in value every day, but they are also costing you money in interest everyday since you decided to spend money on cars instead of pay...
by hightower
Mon Apr 09, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable or backdoor Roth?
Replies: 20
Views: 937

Re: Taxable or backdoor Roth?

In answer to the OP's original question: Taxable or Backdoor Roth?...You should always max out all tax advantaged space first, before opening a taxable account. Contribute the max to your 401k, HSA, and Backdoor Roth. Then, if there is money left over to invest, put it in a taxable. Congrats on your...
by hightower
Sat Mar 31, 2018 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??
Replies: 31
Views: 2504

Re: Can I refi and still get a lower rate right now?

I got extremely lucky and locked in a 15 year 3.25% refinance rate just before the rates jumped last month. I closed about 4 weeks ago.
by hightower
Tue Mar 27, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: Underrated places to visit in U.S.?
Replies: 126
Views: 11994

Re: Underrated places to visit in U.S.?

I will say that I was blown away with Montana the first time I went there. Glacier National Park is a real treasure. Absolutely stunning scenery everywhere you go there. Also, the drive from Glacier National Park to Yellowstone was incredible. That part of the country is obscenely beautiful. I've ha...
by hightower
Tue Mar 27, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Which mortgage is better?
Replies: 4
Views: 693

Re: Which mortgage is better?

They both basically work out to be the same. The rate is the same in the end and your out of pocket/up front expense is around the same. Loan 2 is $375 cheaper, so you're splitting hairs. I'd go with the company that has a nicer/easier to use website or something. But, I agree with Meg77, it's not i...
by hightower
Sun Mar 25, 2018 7:31 am
Forum: Personal Consumer Issues
Topic: Berlin - how many days and where to stay?
Replies: 33
Views: 1929

Re: Berlin - how many days and where to stay?

I absolutely LOVED Berlin. Hands down the most interesting city I've ever visited. The history is amazing. The modern day culture there is amazing. It's all around incredible IMO. I hope to go back some day. We spent like 5-6 days there in early 2016 before embarking on a tour of the rest of the cou...
by hightower
Sun Mar 25, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 338
Views: 25014

Re: Anyone Deleting Facebook?

I deleted my account right after the 2016 election when I realized my own mother had been using it and sharing memes and fake news that we now know came from the Russians. I also gave up instagram close to a year ago because I realized it's the same BS. "Social Media" is not social. We need to go ba...
by hightower
Mon Mar 19, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 17419

Re: Bought house six months ago - now feeling like we're treading water and can't save money

It really makes zero sense for someone in your financial standing, who's feeling stressed about money, to be giving away nearly $5,000/year to a church. You simply can't afford it. You don't make enough money to justify that kind of charitable giving. I agree with the notion that volunteering is a f...
by hightower
Mon Mar 19, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Priority of payoffs
Replies: 12
Views: 1030

Re: Priority of payoffs

I would spend some time watching or listening to Dave Ramsey to help you get a grip on your spending problem (which is why you have a debt problem). You have some serious behavioral issues to address before you'll actually be able to get out of debt. It's good you're here asking questions though, th...