Search found 206 matches

by MiddleOfTheRoad
Mon May 13, 2019 12:59 am
Forum: Personal Consumer Issues
Topic: The psychology of money / wealth (a reflection)
Replies: 2
Views: 1045

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: 5879

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: 1896

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: 76
Views: 8315

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: 7636

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: 7701

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: 4481

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: 3511

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: 1586

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: 198858

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: 973

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: 4190

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: 3720

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: 3720

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: 3720

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: 1176

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: 1176

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: 1176

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: 1176

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: 1176

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: 10647

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: 1341

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: 3720

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: 3720

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: 3720

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: 10647

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: 10647

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: 11797

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: 5458

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: 3031

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...
by MiddleOfTheRoad
Sat Jan 26, 2019 2:40 pm
Forum: Personal Investments
Topic: Advice needed...Can we retire NOW?!?
Replies: 28
Views: 3031

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

Typically pension and SS #s are based on working until that age. Numbers will be different if you stop working now. There are online calculators for SS (https://www.ssa.gov/planners/retire/AnypiaApplet.html). Don't know about your pension. Otherwise, I agree with 'btenny'. +1 NOW? No. With the mort...
by MiddleOfTheRoad
Tue Jan 22, 2019 3:43 pm
Forum: Investing - Theory, News & General
Topic: Fake Passive Investors
Replies: 51
Views: 2945

Re: Fake Passive Investors

As far as I can tell, I am reasonably a passive investor. You can call me an active investor, or call the funds I invest in active funds, just don’t charge me ER> 0.25%. :happy
by MiddleOfTheRoad
Mon Jan 21, 2019 6:18 pm
Forum: Personal Investments
Topic: Afoot or on horseback?
Replies: 24
Views: 1859

Re: Afoot or on horseback?

This quotation is a moment of aha! With fund expense ratios you never see a bill, there is never a line item that specifically points out how much you are paying. It simply is deducted from the return you see from the fund. This is what I've been missing all along to move me from concerned to angry...
by MiddleOfTheRoad
Wed Jan 16, 2019 9:12 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 50845

Re: John Bogle is dead at 89

Rest in peace. :(
by MiddleOfTheRoad
Wed Jan 16, 2019 8:03 pm
Forum: Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2132

Re: Variable annuity, a success story?

A good deal or not should be evaluated at purchase. Sometimes we get lucky with the timing and an average deal looks great in hindsight. Example: a 30 year mortgage rate of 3.75% would have been average at best a couple of years ago. Those rates look like an absolute steal now. Completely agree, bu...
by MiddleOfTheRoad
Wed Jan 16, 2019 7:55 pm
Forum: Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2132

Re: Variable annuity, a success story?

A good deal or not should be evaluated at purchase. Sometimes we get lucky with the timing and an average deal looks great in hindsight. Example: a 30 year mortgage rate of 3.75% would have been average at best a couple of years ago. Those rates look like an absolute steal now. Not sure I understan...
by MiddleOfTheRoad
Wed Jan 16, 2019 1:18 pm
Forum: Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2132

Re: Variable annuity, a success story?

A good deal or not should be evaluated at purchase. Sometimes we get lucky with the timing and an average deal looks great in hindsight.
Example: a 30 year mortgage rate of 3.75% would have been average at best a couple of years ago. Those rates look like an absolute steal now.
by MiddleOfTheRoad
Wed Jan 16, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Ever encountered a toxic advisor? How did you handle it?
Replies: 25
Views: 3150

Re: Ever encountered a toxic advisor? How did you handle it?

He works for you, not the other way around. Fire him.

Not directed at you, but I never understand why some people take verbal abuse from investment advisors and whole life insurance salesman.
by MiddleOfTheRoad
Sun Jan 13, 2019 11:12 pm
Forum: Personal Investments
Topic: young-ish physician windfall
Replies: 37
Views: 7865

Re: young-ish physician windfall

What is “low to mid 7 digits”? 1-1.5M or 3-5M? If the latter I would pay off all debts and quit.
by MiddleOfTheRoad
Sat Jan 05, 2019 11:56 pm
Forum: Personal Investments
Topic: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?
Replies: 47
Views: 2174

Re: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?

The future and your ability to continue to work is unknown. Save in traditional now to avoid paying the tax. Once you hit your number in tradtional then you either can stop working/do Roth conversion OR continue working and only contribute to Roth only at that time. This will ensure that you will ha...
by MiddleOfTheRoad
Fri Jan 04, 2019 11:37 am
Forum: Investing - Theory, News & General
Topic: Just what is long-term investing?
Replies: 13
Views: 821

Re: Just what is long-term investing?

Investing long term is having a plan to deal with the short/medium term need for cash no matter what the market is doing.
by MiddleOfTheRoad
Thu Jan 03, 2019 6:29 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5484

Re: Ever wonder if you are saving Too Much?

This is where having saving goals help. Save enough to achieve your goals (with conservative assumptions). Spend as much of the leftovers as you desire (you don’t have to spend all :happy )
by MiddleOfTheRoad
Wed Jan 02, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10820
Views: 1889027

Re: U.S. stocks in free fall

Mrmetalpole wrote:
Wed Jan 02, 2019 5:14 pm
I'm a long-termer but......you have to wonder if Apple is just the first of many shoes to drop in 2019.
I would guess they are one of the last to drop, but I don’t really know anything...
by MiddleOfTheRoad
Mon Dec 31, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Can you have an HSA and FSA?
Replies: 20
Views: 860

Re: Can you have an HSA and FSA?

In my experience the out of pocket deductibles and maximums can be confusing and one should definitely have a good understanding of so they can make a well informed decision. I was definitely surprised when the HR person told me that. To be exact, she said if we meet the statutory amount for the de...
by MiddleOfTheRoad
Mon Dec 31, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can you have an HSA and FSA?
Replies: 20
Views: 860

Re: Can you have an HSA and FSA?

In my experience the out of pocket deductibles and maximums can be confusing and one should definitely have a good understanding of so they can make a well informed decision. I was definitely surprised when the HR person told me that. To be exact, she said if we meet the statutory amount for the de...