Search found 40 matches

by whunter3333
Thu May 28, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: 16 Weeks Paternity Leave
Replies: 124
Views: 8893

Re: 16 Weeks Paternity Leave

My gut says that if your employer agreed to 16 weeks of paid paternity leave, and you are located in the USA, then you must be in a very competitive hiring market and you must have some serious skills. That being the case, you should leverage this opportunity for your family, take the 16 weeks, and ...
by whunter3333
Thu May 28, 2020 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18229

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

I didn't read through the whole thread, and so these points may have already been mentioned, but...... In my deep experience of 30 years of public and private school education, the thing you buy with private school is a set of parents/families that have placed whatever it is (that one thing) the pri...
by whunter3333
Tue Apr 28, 2020 6:44 am
Forum: Personal Investments
Topic: WHAT TO DO for family of 5, tiny house, extra $: Mortage payoff vs. 529 vs. taxable retirement
Replies: 27
Views: 1997

Re: WHAT TO DO for family of 5, tiny house, extra $: Mortage payoff vs. 529 vs. taxable retirement

My gut says that you must like your current house quite a bit or you would have moved already. Also, your 11 year old will be 18 in 7 years. If you don't move in the next year or so, you will be halfway through those 7 years. At that point your current house will start getting bigger and bigger as y...
by whunter3333
Sun Apr 26, 2020 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Something different...do I need life or disability insurance?
Replies: 30
Views: 1237

Re: Something different...do I need life or disability insurance?

Thankfully my fiancee and I do not have any outstanding debts/loans. One more questions for you guys: I anticipate that my future job/employer will offer disability and life insurance as in the case for most radiology groups. If that's the case, as a graduating resident right now, going on to fello...
by whunter3333
Thu Apr 09, 2020 9:12 pm
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 161
Views: 8804

Re: How do you maximize enjoyment after achieving FI?

My spouse and I save about 87% of our NI, have no debt and enjoy our life but, now that we have achieved a base level of FI, we are questioning whether there are ways we can spend a little more money to maximize our happiness, but do not know how. For context, we are in our 30s and have a NW of ove...
by whunter3333
Wed Apr 08, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 13016

Re: How are you going to use your stimulus money?

At the risk of straying into the political (sorry Lady Geek if this is too much), but I think the concern for Bogleheads should be to spend the money to juice the economy and get things moving again. The loss of $1200 or $2400 or a little more (by not receiving a check) pales in comparison to the a...
by whunter3333
Wed Apr 08, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 13016

Re: How are you going to use your stimulus money?

At the risk of straying into the political (sorry Lady Geek if this is too much), but I think the concern for Bogleheads should be to spend the money to juice the economy and get things moving again. The loss of $1200 or $2400 or a little more (by not receiving a check) pales in comparison to the a...
by whunter3333
Mon Mar 30, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 541
Views: 45036

Re: College in fall

My guess is that is we don't start regular life in the fall then lots of our financial and social bets will be off. The day that they cancel football season (and high school preseason football camps) will be the day when you know that we are moving forward in a different paradigm.
by whunter3333
Sat Mar 28, 2020 7:00 am
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 13016

Re: How are you going to use your stimulus money?

At the risk of straying into the political (sorry Lady Geek if this is too much), but I think the concern for Bogleheads should be to spend the money to juice the economy and get things moving again. The loss of $1200 or $2400 or a little more (by not receiving a check) pales in comparison to the am...
by whunter3333
Thu Mar 26, 2020 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I be an executor for a foreign will?
Replies: 6
Views: 398

Re: Should I be an executor for a foreign will?

Currently, an American resident with the potential for being executor for a Canadian's will. Our Canadian legal advice was that this was not a good idea from the Canadian legal perspective.
by whunter3333
Tue Mar 10, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance: Whole, Term, None?
Replies: 27
Views: 1228

Re: Life Insurance: Whole, Term, None?

Mid 30s, no debt, soon to be married (planning on buying home / having 1 kid) We both max out 401K and IRAs; No debt and high savings rate. I like the idea of “whole life” in theory, but does this make sense financially? I know term life is cheaper, but don’t like that benefits terminate after cert...
by whunter3333
Wed Mar 04, 2020 2:25 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffet on renewable energy
Replies: 94
Views: 7005

Re: Warren Buffet on renewable energy

The only thing for sure is that some day it will be all renewable sources. But it will be a very long slow slog, as there is little incentive for individual politicians and citizens to sacrifice much present comfort or prosperity for a future better world. A faster pace would require world-wide coo...
by whunter3333
Thu Feb 27, 2020 2:39 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffet on renewable energy
Replies: 94
Views: 7005

Re: Warren Buffet on renewable energy

The only thing for sure is that some day it will be all renewable sources. But it will be a very long slow slog, as there is little incentive for individual politicians and citizens to sacrifice much present comfort or prosperity for a future better world. A faster pace would require world-wide coo...
by whunter3333
Tue Feb 25, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on car financing
Replies: 54
Views: 4228

Re: Thoughts on car financing

Spending categories per Mint below. Mortgage is $2282 per month. And I get that Bogleheads are generally more conservative on spending than I am, but I'm not asking you to change your personal approach to your own budget. Keep in mind that about $6500 of last year's auto budget went to paying off m...
by whunter3333
Tue Feb 25, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance
Replies: 14
Views: 929

Re: Whole life insurance

None are good for whole life. Buy term. 30 year term should certainly get you to where you no longer need life insurance anymore. I procrastinated all my life, with just work life insurance. Now that I'm 63 with approaching $3MM in investable assets, 5 paid cars, a new chainsaw and paid house, I ha...
by whunter3333
Mon Feb 24, 2020 3:11 pm
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 13722

Re: Do you ever use cash?

I keep a few hundred in 20s in the house. Other than that I put $20 a day in my wallet. I either use it for lunch or a cup of coffee. The change from that $20 goes into a jar at the end of the day. I either invest it quarterly or put it towards our vacation fund. Funny how much it adds up to after ...
by whunter3333
Mon Feb 24, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for very young person promoted
Replies: 17
Views: 2801

Re: Advice for very young person promoted

My advice is that there is at least one person who is desperate for you to succeed and that person is the person most invested in you. The person that hired you is your best advocate, mentor, and coach. Do your best to develop a respectful and open relationship with that person in the ways described...
by whunter3333
Sun Feb 23, 2020 9:17 pm
Forum: Personal Investments
Topic: Can One Rely On Vanguard’s Cost Basis Tracking?
Replies: 12
Views: 1528

Re: Can One Rely On Vanguard’s Cost Basis Tracking?

Slightly related... TD Ameritrade bought out my original discount broker about 15-20 years ago. For about ten years, they couldn't get back into their files to get the correct cost basis. Two years ago during a Roth conversion, they revealed that they now had access to a different storage backup and...
by whunter3333
Sun Feb 23, 2020 9:09 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffet on renewable energy
Replies: 94
Views: 7005

Re: Warren Buffet on renewable energy

There is certainly room for growth. Toggle between Installed and Potential on this page: https://windexchange.energy.gov/maps-data/321
by whunter3333
Sat Feb 22, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: International Travel Medical Insurance
Replies: 13
Views: 879

Re: International Travel Medical Insurance

Thanks. I checked my U.S. health plan. What it says for Non-U.S. Medical Services: "The plan will reimburse you at the out-of-network percentage level of billed charges after you meet the deductible for medically necessary treatments and services incurred outside the U.S. Emergency services will be...
by whunter3333
Fri Feb 21, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: We are where we are?
Replies: 35
Views: 3597

Re: We are where we are?

54/52 ages - neither of us really enjoy our work expect to eventually have $2M+ in nest egg to withdraw from expect to have $50K- $60K/year in SS at age 70/68 expect expenses of $70K a year, but desire $100K expect Paid off House ($60K left on mort.) last kids college taken care of (scholarship/529...
by whunter3333
Fri Feb 21, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: We are where we are?
Replies: 35
Views: 3597

Re: We are where we are?

Pierre Delecto wrote:
Fri Feb 21, 2020 4:51 pm
Do you have “golden handcuffs” keeping your in current job — eg RSUs, options, etc? If not, I’d start just applying to some jobs in your area or somewhat tangential. You might find an opportunity that excites you.
This seems like an excellent low risk idea.
by whunter3333
Fri Feb 21, 2020 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Personal disability insurance for dentists and surgeons
Replies: 28
Views: 1730

Re: Personal disability insurance for dentists and surgeons

Asking for a friend.....I am 23 years old and just completed the second year of dental school. Would like to become an oral surgeon, (scored well enough on the Board exams -98th percentile- and attend a very highly rated dental school; so it is currently very likely to happen. What are your thought...
by whunter3333
Fri Feb 21, 2020 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Personal disability insurance for dentists and surgeons
Replies: 28
Views: 1730

Personal disability insurance for dentists and surgeons

Asking for a friend.....I am 23 years old and just completed the second year of dental school. Would like to become an oral surgeon, (scored well enough on the Board exams -98th percentile- and attend a very highly rated dental school; so it is currently very likely to happen. What are your thoughts...
by whunter3333
Thu Feb 20, 2020 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Funds
Replies: 20
Views: 1915

Re: Emergency Funds

Ok so in a bad scenario, big stock crash, you have something more than a year of expenses available in your most liquid assets. PS If I had 30x expenses I'd retire tomorrow. Actually probably today because the rest of my work day isn't looking great. I hope you reach that level soon. Fortunately, I...
by whunter3333
Wed Feb 19, 2020 10:34 am
Forum: Personal Consumer Issues
Topic: Buying High Mileage Truck to Haul Mountain Bikes
Replies: 26
Views: 2197

Re: Buying High Mileage Truck to Haul Mountain Bikes

Yakima makes a six vertical bike rack that would be way cheaper than buying or maintaining a third vehicle. I can also tell you from experience, throwing five bikes in the back of a pickup bed will result in damaged paint/rust issues and broken spokes as pedals from the bikes on top pound the ones ...
by whunter3333
Wed Feb 19, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Funds
Replies: 20
Views: 1915

Re: Emergency Funds

What are your monthy expenses? The wiki would recommend assuming your stocks could drop by half, so if you are all stocks in taxable, conservatively you have $110k divided by monthy expenses months of emergency funds available. https://www.bogleheads.org/wiki/Placing_cash_needs_in_a_tax-advantaged_...
by whunter3333
Tue Feb 18, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Funds
Replies: 20
Views: 1915

Emergency Funds

Colleagues, I have never had a formal Emergency fund, but always had a $10-30,000 sitting in my current banking account. I also work in a very stable income position (salary $120-150K/yr) with good (for the USA) medical insurance. My house is paid off so I don't have a mortgage payment. Hence, I hav...
by whunter3333
Sun Feb 16, 2020 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: $2-2.5M House?
Replies: 77
Views: 7748

Re: $2-2.5M House?

I'd say no way speaking from experience. Affording it isnt the point. And life experiences are more important than material things. Buy something of lesser money and do more things with your wife and perhaps work a little less. I too would suggest reading the book the Millionaire Next Door. I sugge...
by whunter3333
Sat Feb 08, 2020 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best path to get into MED School for a high school senior?
Replies: 72
Views: 6500

Re: What is the best path to get into MED School for a high school senior?

Practicing MD here from a wholly non-MD (or any graduate school) family. Sounds like she has stellar grades/scores thus far and is well on track. If you google "tips to get into med school" you'll find a million versions of the same list, and for good reason. Ultimately it generally boils down to a...
by whunter3333
Fri Feb 07, 2020 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 12192

Re: Couples w/ kids: What is/was the most expensive time period of your life?

I added this:

Post-College early career: I remember thinking that "costs" would be less without paying for college expenses, however, now I choose to spend my money flying to where they live and paying for them and the significant others to travel with us. For me, this is a great choice.
by whunter3333
Fri Feb 07, 2020 10:40 am
Forum: Personal Finance (Not Investing)
Topic: How much do I need in my 529 per child?
Replies: 78
Views: 6303

Re: How much do I need in my 529 per child?

From a financial perspective, everyone should get a job at Starbucks and take their degree from Arizona State. https://www.starbucks.com/careers/worki ... /education
by whunter3333
Wed Feb 05, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: 22 year old - Should I focus more on saving for a house or retirement?
Replies: 41
Views: 3234

Re: 22 year old - Should I focus more on saving for a house or retirement?

Thank you for writing these things. Mission creep in house owning is a very common issue (IMO). Maybe furnishings and renovations, and modernizations are optional, but almost everyone forgets to add those costs when they are evaluating rent vs buy. And every new piece of expense has a hidden opportu...
by whunter3333
Fri Jan 24, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 41
Views: 2962

Re: How much house can we afford?

House poor hamstrings many, many people in our society. Tying yourself to a mortgage that makes you house poor can contribute to (or reveal) dozens of other problems. My wife and I want to move to a house in a closer/better commuting location with better schools, on a quieter street. We have 2 kids ...
by whunter3333
Thu Jan 23, 2020 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do cool with your money today?
Replies: 125
Views: 10431

Re: What did you do cool with your money today?

Klondike: Here is an amazing model that a friend of mine runs in Calgary. http://www.worrylessauto.com/home.html He has made a huge difference in people's lives and he makes a good living doing it. Last time I asked him, he had over 50 Honda Civics on the road. WH Not there yet but my goal is to run...
by whunter3333
Sat Oct 26, 2019 8:25 pm
Forum: Personal Consumer Issues
Topic: Should we downshift and move to Europe?
Replies: 40
Views: 5634

Re: Should we downshift and move to Europe?

My parents moved my family to Canada from England in the late 1960s. I moved my family to the USA in the mid-1990s. In both cases, the new immigrants got wonderful opportunities and freedoms. They also left behind a lot of friends and family and had to work super hard (making it a very high priority...
by whunter3333
Sat Oct 26, 2019 8:10 pm
Forum: Personal Investments
Topic: Retire at 50(ish) possible?
Replies: 38
Views: 6300

Re: Retire at 50(ish) possible?

OP, Can I ask a somewhat tangential question? Currently $65K/year is being contributed to the portfolio (which to me says you have a much higher income than your proposed expenses of $28K/ year). It's not really any of my/our business, but are you currently living a lifestyle similar to what $28K/ye...
by whunter3333
Mon Aug 12, 2019 1:03 am
Forum: Personal Investments
Topic: Converting some investments to an annuity to preserve group health insurance
Replies: 8
Views: 786

Re: Converting some investments to an annuity to preserve group health insurance

All these bits of advice have been aligned with my thinking for the past 20 years, but the plan administrator, when I discussed this with him, said that (details lost in translation) he thought I should still probably choose the annuity. Because I am young-ish I have to wait a while before they will...
by whunter3333
Sun Aug 11, 2019 9:37 pm
Forum: Personal Investments
Topic: Converting some investments to an annuity to preserve group health insurance
Replies: 8
Views: 786

Re: Converting some investments to an annuity to preserve group health insurance

The other added benefit of the lump sum is that I can pass on whatever is left of the lump to my heirs after I die.
by whunter3333
Sun Aug 11, 2019 2:31 am
Forum: Personal Investments
Topic: Converting some investments to an annuity to preserve group health insurance
Replies: 8
Views: 786

Converting some investments to an annuity to preserve group health insurance

Hello, I am close to retirement in my mid-50s with about $2.8M in various types of self-managed retirement accounts. Next year, I can retire from my job and the key benefit offered is that my state government employer will pay the premiums on my health care for the rest of my life. I would then have...