Search found 224 matches

by MiddleOfTheRoad
Mon Oct 14, 2019 7:33 pm
Forum: Personal Consumer Issues
Topic: Doctors charging for things outside of insurance, is this Kosher?
Replies: 36
Views: 2795

Re: Doctors charging for things outside of insurance, is this Kosher?

Options: A. Relying on yourself to produce enough “soldiers”, no surgery (risk: waste whatever you pay for the IVF if you don’t produce enough) B. Have the doctor do the procedure regardless (risk: unnecessary procedure and associated cost) C. Actually have a choice to back out at the last minute, h...
by MiddleOfTheRoad
Mon Sep 23, 2019 2:17 pm
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 8611

Re: Physical activity suggestions for a non athletic youth

My husband and I are not particularly athletic either and the most “sport” we do is weekly hikes through our town trails. Other than my oldest we are all normal weight and some are underweight . Look, if you guys don't want to workout, why should you kid do it? You want him to do something and have...
by MiddleOfTheRoad
Mon Sep 16, 2019 5:33 pm
Forum: Personal Consumer Issues
Topic: New iPhone on sale for $599.99
Replies: 52
Views: 3909

Re: New iPhone on sale for $599.99

I was a long time Android user but happily switched to the iphone. Here is why: - when apple update their iOS, the app makers only have to update it once so you always get the best updates first. Since android is run on different brands (samsung, LG etc) OS update will render some of your app useles...
by MiddleOfTheRoad
Sun Sep 01, 2019 11:18 am
Forum: Personal Investments
Topic: [Portfolio Review] Concerned (and a bit lost) 30 year old
Replies: 11
Views: 1666

Re: [Portfolio Review] Concerned (and a bit lost) 30 year old

I had picked up a few ideas like living below my means, keeping investment expenses low, and loosely used them to for the past few years. But like I said, no real critical thinking was placed into my retirement. If you just “loosely use” these ideas for the next decade you will be way ahead of most...
by MiddleOfTheRoad
Sat Aug 31, 2019 11:19 am
Forum: Personal Investments
Topic: Protecting ourselves from sequence of returns risk
Replies: 69
Views: 4736

Re: Protecting ourselves from sequence of returns risk

Dear Vineviz, You attribute your own made-up definition to " sequence of returns risk ", a definition that differs from the widely accepted definition , and then you claim that VPW is vulnerable to it. I have never claimed that VPW withdrawal amounts weren't affected by low returns. On the contrary...
by MiddleOfTheRoad
Wed Jul 17, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 1032

Re: in CA, what is the best way to save for kids college, in detail?

We use the Vanguard Nevada plan, Growth portfolio. Shooting to cover half of the cost for attending UC. Planning to cash flow the other half from salary (most likely) or taxable.
by MiddleOfTheRoad
Sun Jul 07, 2019 2:34 pm
Forum: Investing - Theory, News & General
Topic: The Three Million Dollar Car
Replies: 25
Views: 2777

Re: The Three Million Dollar Car

Driving a corolla for 40 years though... :|
by MiddleOfTheRoad
Wed Jul 03, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 14276

Re: Staying the course is so hard (support thread)

Haven’t you heard? The things to keep up with the Joneses are no longer house or cars. It is health, fitness, travel and financial independence. Get on it!
by MiddleOfTheRoad
Tue Jul 02, 2019 4:30 pm
Forum: Personal Consumer Issues
Topic: how do couples work together on home finance
Replies: 60
Views: 4798

Re: how do couples work together on home finance

I am the CFO, my wife is the CEO. I take care of the details and cash flow etc. She gets to approve the big decisions and strategies on a high level. After hanging out for 20 years, she trusts me not to siphon money off somewhere. I prepare a yearly “state of the household” report. :P
by MiddleOfTheRoad
Tue Jul 02, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 5077

Re: HCOL vs LCOL Dilemma

Financial independence is nice, but some things in life are worth working for (within reason, maybe extending your career by 5 years)
Imagine you reach FI 5 years earlier and not living the life you want, then what? Uproot again?
by MiddleOfTheRoad
Fri Jun 28, 2019 9:51 am
Forum: Personal Consumer Issues
Topic: how much to finance a new car at .9%
Replies: 57
Views: 4232

Re: how much to finance a new car at .9%

Putting the car aside... would you walk into your local bank and borrow $33k at to invest? If no, then pay off your car today. Like others have said, the spread is minimal and your earnings would probably buy you an extra Big Mac each year (metaphorically speaking). If I could borrow money at 1% to...
by MiddleOfTheRoad
Fri Jun 28, 2019 9:49 am
Forum: Personal Consumer Issues
Topic: how much to finance a new car at .9%
Replies: 57
Views: 4232

Re: how much to finance a new car at .9%

I financed the entire 45k at 0.9% with Honda ealier this year. Invested the 45k I would have paid it with in CA muni intermediate (~1.6% tax free) Pros: zero work after I set up autopay with Hondafinancial. Just make sure you have the cash flow. Earn the interest difference with zero work. Have an e...
by MiddleOfTheRoad
Wed Jun 26, 2019 12:29 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks .. talk me out of it
Replies: 31
Views: 2120

Re: Individual Stocks .. talk me out of it

It may, it may not. It is your money. Maybe experiement and see? Best way to learn!
by MiddleOfTheRoad
Thu Jun 13, 2019 4:40 pm
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 11680

Re: Retired at 35 and have no friends :(

Goodness gracious! The first post was only about 12 hours ago! :oops: My thoughts exactly. Some regular folks here aren't very trusting, are they? None of us are trusting around here. That is why we DYI instead of using an advisor. And, we back test everything to death when there are any new ideas....
by MiddleOfTheRoad
Thu Jun 13, 2019 1:17 pm
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 11680

Re: Retired at 35 and have no friends :(

Goodness gracious! The first post was only about 12 hours ago! :oops: My thoughts exactly. Some regular folks here aren't very trusting, are they? None of us are trusting around here. That is why we DYI instead of using an advisor. And, we back test everything to death when there are any new ideas....
by MiddleOfTheRoad
Thu Jun 13, 2019 9:42 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 11680

Re: Retired at 35 and have no friends :(

I think this is a troll post. Generally, it's not possible for someone to be a Boglehead and retire at 35. Retiring at 35 requires a huge amount of money (millions) in a short period of time. Options for accuring that money include winning the lottery, buying individual stocks that are on a rocket ...
by MiddleOfTheRoad
Sat Jun 08, 2019 11:51 am
Forum: Personal Consumer Issues
Topic: HBO Now
Replies: 11
Views: 1443

Re: HBO Now

I do it through Amazon. Very easy to subscribe and cancel, although you have to do it on a computer. Bonus is 5% off with Amazon credit card. The other thing you want to look into is how many simultaneous streams are allowed for each service. Amazon allows two.
by MiddleOfTheRoad
Sat Jun 08, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Highly appreciated whiskies
Replies: 34
Views: 3605

Re: Highly appreciated whiskies

Let’s flip the question.

If a $500 bottle is on sale for $50 (for you only, not market price) would you buy it and drink it? Or flip it? :greedy
by MiddleOfTheRoad
Mon May 13, 2019 12:59 am
Forum: Personal Consumer Issues
Topic: The psychology of money / wealth (a reflection)
Replies: 2
Views: 1094

Re: The psychology of money / wealth (a reflection)

I think it is simple. Wise money decisions have bought you the freedom of choices, and that allow you to choose to be who you really are.
by MiddleOfTheRoad
Fri May 03, 2019 2:13 pm
Forum: Personal Investments
Topic: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?
Replies: 83
Views: 6751

Re: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?

Control the variables that you can control. Don’t waste too much time worrying about the variables that you cannot control. Then, you get there when you get there.
by MiddleOfTheRoad
Sat Mar 02, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: what are the most important financial goals for you
Replies: 24
Views: 1975

Re: what are the most important financial goals for you

My most important financial goal: To no longer worry about financial goals.
by MiddleOfTheRoad
Wed Feb 27, 2019 4:09 pm
Forum: Investing - Theory, News & General
Topic: Naval on getting rich.
Replies: 79
Views: 10174

Re: Naval on getting rich.

I browsed the transcript of his talk that was given in one of the links: https://fs.blog/wp-content/uploads/2017/02/Naval-Ravikant-TKP.pdf Meh. I just read that. "The Knowledge Project." Whatever. I don't listen to podcasts. Maybe it is a characteristic of them to be shallow. Perhaps it is the medi...
by MiddleOfTheRoad
Sun Feb 17, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 8254

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

I would buy it, but: 1. I would not buy new. You can get a pre owned fully loaded 2018 A6 for $40k OTD. Can go down to the $30s if you don’t need top of the line. 2. I would not buy with cash. Tying up so much money in a depreciating asset makes no sense. Get a 0-2% loan. A little story for those B...
by MiddleOfTheRoad
Fri Feb 15, 2019 7:42 pm
Forum: Investing - Theory, News & General
Topic: Did you get spooked by the December 2018 fall and gave up on passive?
Replies: 133
Views: 8468

Re: Did you get spooked by the December 2018 fall and gave up on passive?

I immediately grabbed some popcorn as soon as this thread started. Now I have to get up and grab another bowl.

To OP, you need to do some reading before your next move. Start with “A random walk down Wall Street”
by MiddleOfTheRoad
Fri Feb 15, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4626

Re: What are your best retirement years?

dbr wrote:
Fri Feb 15, 2019 11:52 am
This year every year. No time like the present.
Not retired yet. But you can’t change the past and can’t predict the future.
by MiddleOfTheRoad
Fri Feb 15, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage vs investing: Looking at the math
Replies: 35
Views: 3616

Re: Payoff mortgage vs investing: Looking at the math

A mortgage comes with an option that is valuable. The option is two-fold: a. One can pay it off in full at any time, but one does not have to. b. One can make extra principal payments, but one does not have to. Those options are worth something. For instance, instead of waiting on a smooth 4% per y...
by MiddleOfTheRoad
Mon Feb 11, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: HSA not that great in CA
Replies: 14
Views: 1652

Re: HSA not that great in CA

If you have to pay taxes every year on dividends, does that also mean you can record losses to an HSA and deduct it from taxes every year? So I guess the best case scenario is for me to move to another state (like Arizona) and keep doing the HSA, then move back to CA at 65 and I can withdraw the wh...
by MiddleOfTheRoad
Sat Feb 09, 2019 8:06 pm
Forum: Personal Consumer Issues
Topic: Experience selling car to Carmax?
Replies: 110
Views: 221336

Re: Experience selling car to Carmax?

Recently sold an Audi

Carmax 42k
Carvana 40k
Kbb instant cash 40.5k
Local dealer 44k. Sold, no hassles.

Previously, sold 2 cars to Carmax and they are ok, but easy.
by MiddleOfTheRoad
Fri Feb 08, 2019 8:32 pm
Forum: Personal Investments
Topic: Feedback on Financial Health
Replies: 12
Views: 1030

Re: Feedback on Financial Health

If you are ok with keeping the houses, keep them. They are positive cash flow. Direct all future income surplus into liquid investments. You don’t have to instantly diversify by selling and incur transaction costs/taxes. Slowly diversify into liquid assets with future investment. You are in your ear...
by MiddleOfTheRoad
Thu Feb 07, 2019 2:26 pm
Forum: Personal Consumer Issues
Topic: Seller is an expert, but may be lowballing themself, advice? (Audio added)
Replies: 46
Views: 4317

Re: Seller is an expert, but may be lowballing themself, advice?

At $800 you can get a decent playing bow from Brazil. Most are pretty good, but you can luck into a really good one. There is no ”investment” value at this price point. As far as the one you are about to buy, a cracked/repaired bow will be hard to re-sell if you ever want to upgrade. Perhaps the sel...
by MiddleOfTheRoad
Tue Feb 05, 2019 3:36 am
Forum: Investing - Theory, News & General
Topic: Worst December...Best January
Replies: 29
Views: 3860

Re: Worst December...Best January

pdavi21 wrote:
Mon Feb 04, 2019 10:14 pm
This mean an average February is coming?
Fabulous, Flat or Flopping February?
by MiddleOfTheRoad
Mon Feb 04, 2019 10:40 pm
Forum: Investing - Theory, News & General
Topic: Worst December...Best January
Replies: 29
Views: 3860

Re: Worst December...Best January

Yes, that’s what I meant by “stay the course”. The December hiccup was not enough to trigger rebalancing for me. But I expect that there will be more than one “end of the world” event in my investing future. 2008, which many saw as an EOTWAWKI event, wasn't a hiccup, but instead a bout of whooping ...
by MiddleOfTheRoad
Mon Feb 04, 2019 5:04 pm
Forum: Investing - Theory, News & General
Topic: Worst December...Best January
Replies: 29
Views: 3860

Re: Worst December...Best January

The last two months are an excellent example of why “stay the course” is the right approach to investing. As long as "stay the course" means rebalancing right into the teeth of fear and gloom about 20% drops. Agreed! It's for this reason my ISP goes into detail regarding my philosophy on rebalancin...
by MiddleOfTheRoad
Sun Feb 03, 2019 12:15 am
Forum: Personal Investments
Topic: Roth Conversion during semi-retirement
Replies: 19
Views: 1255

Re: Roth Conversion during semi-retirement

Provided that you have accumulate enough in taxable for tax diversification: 1. Run i-orp at the beginning of each year to get a high level of up to what bracket you want to convert to Roth or not 2. Figure out how much to spend for the year. If you are in RMD then take it into account. 3. Figure ou...
by MiddleOfTheRoad
Sat Feb 02, 2019 11:33 pm
Forum: Personal Investments
Topic: Roth Conversion during semi-retirement
Replies: 19
Views: 1255

Re: Roth Conversion during semi-retirement

Not to steal the thread, but if there are any accountants out there THIS is an area that would benefit from some expertise as a business opportunity. IF I could find one that can run projections of different ways to handle: When to do roth conversions, when to take SS, etc... it would be worth payi...
by MiddleOfTheRoad
Sat Feb 02, 2019 11:04 pm
Forum: Personal Investments
Topic: Roth Conversion during semi-retirement
Replies: 19
Views: 1255

Re: Roth Conversion during semi-retirement

I would do what you plan to do first, which is an excellent plan. Then run i-orp.com (extended version) and play with different Roth conversion bracket and see which one is better.
I had similar questions when I first joined the site and i-orp was suggested to me.
by MiddleOfTheRoad
Sat Feb 02, 2019 10:08 pm
Forum: Personal Investments
Topic: Roth Conversion during semi-retirement
Replies: 19
Views: 1255

Re: Roth Conversion during semi-retirement

May I add that the money in taxable will have a step up when you pass it on to your children. This is money they wouldn’t otherwise have, if you use it to pay tax upfront for Roth conversion in your high marginal tax rate. The only downside is only little tax drag while you are still around. As for ...
by MiddleOfTheRoad
Sat Feb 02, 2019 9:54 pm
Forum: Personal Investments
Topic: Roth Conversion during semi-retirement
Replies: 19
Views: 1255

Re: Roth Conversion during semi-retirement

At your bracket I would not do Roth conversion. If you think you will be in the same tax bracket in retirement, there is no reason to pay the tax now. For tax diversification, I would do backdoor Roth for both you and your wife every year, that’s 14k/yr between the two of you. The money that you wer...
by MiddleOfTheRoad
Sat Feb 02, 2019 8:47 pm
Forum: Personal Investments
Topic: Making a 3.8 million deposit
Replies: 96
Views: 11173

Re: Making a 3.8 million deposit

indexonlyplease wrote:
Sat Feb 02, 2019 7:38 pm
I am laughing 24 hrs and a lot of people are telling you what to do with your 3.8 mill. I am sure very few here have the same issue.
Don’t judge a person’s financial literacy by the size of his or her account. :happy
by MiddleOfTheRoad
Sat Feb 02, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Early Braces: Financial Strategy
Replies: 17
Views: 1417

Re: Early Braces: Financial Strategy

Is there a middle course? My kids' orthodontist falls into the "wait until adolescence for braces" camp. But we did a palate expander for one kid and retainers for both kids starting at age 8. Mine does too. He thinks "early braces" translates into "I can get them to pay twice." Tread carefully OP....
by MiddleOfTheRoad
Sat Feb 02, 2019 4:02 pm
Forum: Investing - Theory, News & General
Topic: Worst December...Best January
Replies: 29
Views: 3860

Re: Worst December...Best January

It is interesting how nothing fundamentally changed much, but the reactions of the market were violently polar opposites. I followed what I wrote in my IPS so my emotions did not affect my actions. However, it was educational to examine how I felt at different points in the last year. I have been in...
by MiddleOfTheRoad
Fri Feb 01, 2019 6:21 pm
Forum: Investing - Theory, News & General
Topic: Worst December...Best January
Replies: 29
Views: 3860

Re: Worst December...Best January

Thesaints wrote:
Fri Feb 01, 2019 6:11 pm
Worst December...Best January...Normal Volatility
I agree. The labels are just over the top :happy
by MiddleOfTheRoad
Fri Feb 01, 2019 4:27 pm
Forum: Investing - Theory, News & General
Topic: Worst December...Best January
Replies: 29
Views: 3860

Worst December...Best January

It pays to be greedy when others are fearful. Maybe someone need to invent the media-contrarian factor investing. :greedy
Best of luck to everyone forward!
by MiddleOfTheRoad
Fri Feb 01, 2019 12:52 pm
Forum: Personal Investments
Topic: Making a 3.8 million deposit
Replies: 96
Views: 11173

Re: Making a 3.8 million deposit

How about https://www.treasurydirect.gov ? Maybe it is just me, but I find the Treasurydirect site a royal pain to navigate, and having another account to link is a pain. Fidelity is the best, IMHO, with the Tbill automatic repurchase feature. Vanguard is ok, but you have to pay attention when your...
by MiddleOfTheRoad
Fri Feb 01, 2019 12:32 pm
Forum: Personal Investments
Topic: Making a 3.8 million deposit
Replies: 96
Views: 11173

Re: Making a 3.8 million deposit

Congrats! I would open a brokerage account at Fidelity. They have local branches. While you wait to come up with an investment plan, buy short term Tbill (12 weeks) and have it automatically repurchased. Rates are as good as any CDs out there, state tax benefits, money not tied up in long term CDs, ...
by MiddleOfTheRoad
Fri Feb 01, 2019 12:25 pm
Forum: Personal Investments
Topic: We won the game, went to 50/50, but it just doesn't feel right
Replies: 108
Views: 12431

Re: We won the game, went to 50/50, but it just doesn't feel right

Ok, I want to confess that I cannot kill the market timer in me. In my IPS I have the following: 1. AA 75/25 2. Rebalance every 10% drop of VTI 3. When VTI is down 30% or more from all time high, go to 90/10 4. When VTI is back to 90% of all time high, go back to 75/25 and stay there Disclaimer: I m...
by MiddleOfTheRoad
Sun Jan 27, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire?
Replies: 62
Views: 5754

Re: Can I retire?

You can retire now, especially since your wife will continue working for another 7-8 years as stated. In two years, at 55, your position is even stronger. You even have healthcare covered. I would download one of those countdown app and start the count down. :sharebeer
by MiddleOfTheRoad
Sat Jan 26, 2019 5:58 pm
Forum: Personal Investments
Topic: Advice needed...Can we retire NOW?!?
Replies: 28
Views: 3153

Re: Advice needed...Can we retire NOW?!?

I'm sorry, but people here are retardedly retiredly over conservative. Here is what I see. You have 1.7 million and are 47 and 49 years old. you spend $110k/yr which I assume includes mortgage and health care expenses. At 68 years old he gets a pension of 118k/yr plus you will get SS as well. Basic...