Search found 1950 matches

by goodenyou
Tue Nov 12, 2019 6:18 pm
Forum: Personal Investments
Topic: Advice on Nest Egg draw down
Replies: 9
Views: 1319

Re: Advice on Nest Egg draw down

If it were me, I wouldn’t have that much exposure to stocks going into retirement. I would be 50/50 or 60/40. But that’s me. If you’re not going to have any income until Social Security, I would start converting your tax deferred accounts to Roth. Like others have said, you need to determine your wi...
by goodenyou
Tue Nov 12, 2019 3:45 pm
Forum: Investing - Theory, News & General
Topic: Flaws with 4% Rule?
Replies: 29
Views: 2945

Re: Flaws with 4% Rule?

This may help you.

How to Withdraw Money In Retirement Using The Guyton Klinger Rule:

https://www.youtube.com/watch?v=OgYhime7TQQ
by goodenyou
Tue Nov 12, 2019 2:07 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 118
Views: 6501

Re: Investing $140k in cash at 1k per week

Just curious, people who are anti-DCA, are you anti-bonds also? Because at the end of the day, having 40% of your portfolio allocated to bonds is a waste of your return that you could've gotten by investing that portion in s&p 500 instead. If we agree that the stock market will always go up, then w...
by goodenyou
Mon Nov 11, 2019 9:41 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 118
Views: 6501

Re: Investing $140k in cash at 1k per week

Hello :happy I have $140k in high yield saving accounts (FDIC insured) that pays me %2 - %2.20 in annual interest. My plan is to is transfer $1000 from my saving account to my brokerage account and buy $1000 worth of VTI every week . At this rate, it would take a bit more than 2.5 years to invest a...
by goodenyou
Mon Nov 11, 2019 7:58 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 118
Views: 6501

Re: Investing $140k in cash at 1k per week

The next 12 months may be very interesting to say the least. It may be more interesting than the past several years. If this is >10 year money, you may be OK to lump sum it. I would DCA it over a year. There is no science to the 1 year period. It is less than 2.5 years and not as soon as now.
by goodenyou
Mon Nov 11, 2019 5:07 pm
Forum: Personal Investments
Topic: New Construction Home Purchase
Replies: 17
Views: 1165

Re: New Construction Home Purchase

I would wait to build and sell my house first. Talk to others that have used builder. Let me know when you find a good one since I am waiting to build mine.
by goodenyou
Sun Nov 10, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: 529 for Housing Expense
Replies: 4
Views: 413

Re: 529 for Housing Expense

Some universities post cost of attendance for commuters. I would check that. Yes you can.
by goodenyou
Sun Nov 10, 2019 8:56 pm
Forum: Personal Investments
Topic: Asset allocation significance
Replies: 16
Views: 1557

Re: Asset allocation significance

I will add a potential twist. I might consider annuitizing a portion of the life insurance proceeds. I would shop it around and run it by a qualified financial advisor. I wouldn’t rush into anything for a year or so. Keeping cash as a buffered asset is not a bad option. Without knowing your entire f...
by goodenyou
Sun Nov 10, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7492

Re: Do you charge your employer for the time that you spend working on your off days?

As long as it's not abused, I don't think keeping score at work or in a marriage is a good idea. Give/take has always been a winning strategy for me.
by goodenyou
Sun Nov 10, 2019 2:41 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 152
Views: 11325

Re: Spend It All vs. Leave $$ for the Kids

It would be interesting to know what percentage of BH believe (today) that their kids will be better off financially than they are. And if this has any bearing (today) on their desire to leave a legacy. My kids should be far better off since they started on 2nd base and are running fast. I barely st...
by goodenyou
Sun Nov 10, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tale of 2 doctor job opportunities
Replies: 41
Views: 3655

Re: Tale of 2 doctor job opportunities

A lot of great advice. One thing I will add is that you discuss if you get any thing from sale of the PP if it is sold before you become a partner. The revenue you bring in will increase the sale price of the practice. The reason I bring this up is because you mentioned that big hospital are buying...
by goodenyou
Sun Nov 10, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Tale of 2 doctor job opportunities
Replies: 41
Views: 3655

Re: Tale of 2 doctor job opportunities

If you join private practice, be sure to do a complete audit of the practice. That includes fiscal health, lines of credit, leases on equipment and real estate and billing history for current providers. Young doctors make big mistakes thinking that they are joining a “great” practice only to find o...
by goodenyou
Sun Nov 10, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Tale of 2 doctor job opportunities
Replies: 41
Views: 3655

Re: Tale of 2 doctor job opportunities

If you join private practice, be sure to do a complete audit of the practice. That includes fiscal health, lines of credit, leases on equipment and real estate and billing history for current providers. Young doctors make big mistakes thinking that they are joining a “great” practice only to find o...
by goodenyou
Sun Nov 10, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Tale of 2 doctor job opportunities
Replies: 41
Views: 3655

Re: Tale of 2 doctor job opportunities

I'm a physician who has only ever been hospital based, employed by a university. I'm curious for those recommending pp for the autonomy and say in day to day operations: how are these decisions made? Partner meetings? After hours? One of the things I like about my job is that I only have to be invo...
by goodenyou
Sun Nov 10, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Tale of 2 doctor job opportunities
Replies: 41
Views: 3655

Re: Tale of 2 doctor job opportunities

If you join private practice, be sure to do a complete audit of the practice. That includes fiscal health, lines of credit, leases on equipment and real estate and billing history for current providers. Young doctors make big mistakes thinking that they are joining a “great” practice only to find ou...
by goodenyou
Sat Nov 09, 2019 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 11650

Re: How Have You Planned for Sequence of Return Risk (SOR)?

Combination of several strategies. The most important one is to save to a 2% withdrawal rate with a 50/50 portfolio. The second is to work part time to meet my expenses until age 70. The third is a large buffered asset allocation. Mostly cash for buffered assets. I am reading Pfau’s new book on Safe...
by goodenyou
Sat Nov 09, 2019 3:00 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 152
Views: 11325

Re: Spend It All vs. Leave $$ for the Kids

Milton Friedman opined that we are really a culture where the family unit is the core and not the individual. He is quoted as saying (paraphrased): “For reasons I don’t truly understand, we value the ability of our children to consume much more than we value our own”. Re: 100% Inheritance tax (100% ...
by goodenyou
Thu Nov 07, 2019 4:17 pm
Forum: Personal Investments
Topic: How much is too much in an HSA?
Replies: 51
Views: 4218

Re: How much is too much in an HSA?

I doubt you can save your way to a surplus. Save away!
by goodenyou
Thu Nov 07, 2019 8:59 am
Forum: Personal Investments
Topic: Two 529 funds or add a Roth IRA instead
Replies: 17
Views: 836

Re: Two 529 funds or add a Roth IRA instead

Doesn’t really seem kosher to do the Roth IRA. Granted she’ll be able to pull the money out tax free, but technically it’s your mom’s money. If she passes away, you may run into issues if you have siblings or anyone else expecting an inheritance. Even if you use it all for college, since she is “gi...
by goodenyou
Wed Nov 06, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son off the rails [how to plan for his inheritance]
Replies: 12
Views: 2401

Re: Adult son off the rails [how to plan for his inheritance]

Family dynamics are different for everyone. Since it is your husband, I would assume he is your confidant and partner in this. This is a very tragic and and challenging situation. There are provisions in trusts for these kinds of issues. Your instinct that giving an opioid-addicted person access to ...
by goodenyou
Wed Nov 06, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Options For FIRE Newly Diagnosed with Cancer
Replies: 22
Views: 2461

Re: Health Insurance Options For FIRE Newly Diagnosed with Cancer

I am confused. The Radiologist diagnosed you with cancer? Was this after a needle-localized biopsy? Radiologists don’t give definitive diagnosis of cancer based on imaging studies. Be sure to see a surgeon and an oncologist.
by goodenyou
Tue Nov 05, 2019 9:01 am
Forum: Personal Investments
Topic: Stock market at its peak
Replies: 32
Views: 4612

Re: Stock market at its peak

Investors that are afraid of the top are more often afraid of the drop.
by goodenyou
Mon Nov 04, 2019 5:16 pm
Forum: Personal Investments
Topic: Too much tax deferred?
Replies: 27
Views: 3246

Re: Too much tax deferred?

Retirement accounts are good for asset protection. That may be a consideration.
by goodenyou
Mon Nov 04, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: Preparing for Your Best Retirement course
Replies: 11
Views: 1613

Re: Preparing for Your Best Retirement course

Wade Pfau has recently gotten into the business of hawking annuities, so I would steer clear of that organization. Given the antipathy towards annuities displayed by some here at the Bogleheads, I suppose that the mere fact that Wade Pfau recommends people consider annuities in some situations make...
by goodenyou
Mon Nov 04, 2019 1:34 pm
Forum: Personal Investments
Topic: Cash to Intermediate Treasuries Now?
Replies: 7
Views: 895

Re: Cash to Intermediate Treasuries Now?

gasman wrote:
Mon Nov 04, 2019 8:31 am
I find it mentally hard to extend maturities, taking on interest rate risk for less yield than I can get with a money market fund.
You forgot to end the sentence with today. I think the argument for extending maturities is the long game.
by goodenyou
Mon Nov 04, 2019 11:09 am
Forum: Personal Investments
Topic: First post; allocation guidance
Replies: 4
Views: 416

Re: First post; allocation guidance

The general rule of thumb here is that there is majesty in simplicity. Most would argue that to the extent that you can pear down to a 3-4 fund portfolio the better off you will be, To unwind these positions would need a good tax professional. Has the owner looked at the tax efficiency of this portf...
by goodenyou
Sun Nov 03, 2019 10:04 pm
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9127

Re: How much money is really needed in retirement?

Most people have a very hard time trying to winnow down expenses to what is essential and what is discretionary. What to one person is discretionary to another is essential. Using a percentage of pre-retirement income is a lazy person's approach to estimating retirement needs. People who live below ...
by goodenyou
Sun Nov 03, 2019 5:12 pm
Forum: Investing - Theory, News & General
Topic: Nominal or inflation-protected bonds?
Replies: 42
Views: 2768

Re: Nominal or inflation-protected bonds?

Maybe a SPIA or a longevity annuity would be a consideration for a portion of your fixed income. You can choose risk pooling with insurance or a risk premium with the stock market to meet the potential deficiencies in bonds.
by goodenyou
Sun Nov 03, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Wade Pfau's Safety First Book
Replies: 11
Views: 2013

Re: Wade Pfau's Safety First Book

Ordered mine this morning.
by goodenyou
Sun Nov 03, 2019 11:40 am
Forum: Personal Investments
Topic: Principal fees ridiculous!
Replies: 32
Views: 3140

Re: Principal fees ridiculous!

It is very unfortunate that these employee-sponsored retirement plans still exist. The fact that it is considered a benefit with the "free" money is no excuse to take advantage and gouge the participants. I have a similar situation with a plan that has fees that are much higher than necessary. Howev...
by goodenyou
Sat Nov 02, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Timing Issue
Replies: 1
Views: 285

Re: 529 Timing Issue

If he is just taking time off and is still enrolled, l would think it would be fine. I really don't think it would even matter if he wasn't. I doubt that the few months between full time status would be denied. Having a record of the transaction being in the same calendar year is important. The amou...
by goodenyou
Sat Nov 02, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 307282

Re: Share your net worth progression

It is interesting to see whether the progression slows with age and/or asset levels. That is, do investors de-risk by changing their asset allocation (more bonds) once they reach their "number". It doesn't appear that way from many of the posts I've read. Started at -$100,000 in 1996. Got out of deb...
by goodenyou
Thu Oct 31, 2019 8:37 am
Forum: Personal Investments
Topic: 529 distribution procedure
Replies: 19
Views: 893

Re: 529 distribution procedure

I'm thinking that I may take two distributions for 2019 to pay for my kids' private school tuition. I would then replace the money from cash flow, effectively using the 529s as a pass through to capture the state tax deduction. Is there anything to be aware of, tax wise, if I do this? I assume that...
by goodenyou
Wed Oct 30, 2019 1:17 pm
Forum: Personal Investments
Topic: 529 AA Question
Replies: 10
Views: 338

Re: 529 AA Question

Money that you expect to spend within 5 years should not be invested in stocks. So yes, your daughter’s account is invested too aggressively. At this point, it should be in cash and short-term bonds. It isn’t clear why you’d change your son’s allocation because your daughter’s money will be needed ...
by goodenyou
Wed Oct 30, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: 529 - over saving?
Replies: 25
Views: 1334

Re: 529 - over saving?

Just be prepared that if your kid ends up in Austin, it will be very expensive to live there. Apartments around campus are $1200-1500+ per month for a one bedroom. Expect to pay $100/month for parking. Austin is expensive. And, MOST IMPORTANTLY, you cannot exceed the cost of attendance (about $11,0...
by goodenyou
Wed Oct 30, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: 529 - over saving?
Replies: 25
Views: 1334

Re: 529 - over saving?

As usual this is phenomenal feedback. It sounds like the prevailing wisdom is to shoot for 4 years expenses and then hold conservatively. Given UT Austin is about $25k/year in state (including room/board) I have a bit more to save. I continue to be open to more thoughts and approaches to this item ...
by goodenyou
Wed Oct 30, 2019 9:14 am
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 313
Views: 18805

Re: Holding bonds vs 100% equities

I’ll clarify. Let’s naively assume 7% returns for 100/0 and 6% for 70/30. How many years of that does it take before the 50% drop of 100/0 still comes out ahead of 70/30? Doesn’t matter how long a recovery takes if you’re still ahead. Stop making this about emotions, it’s simple math. MotoTrojan, <...
by goodenyou
Wed Oct 30, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: 529 - over saving?
Replies: 25
Views: 1334

Re: 529 - over saving?

Since you live in Texas, there is no state income tax, and therefore no deduction (good thing!). If you have your 529 in a balanced fund, I would contribute until the balance was about $120,000 (the all-in cost in about 10 years will be around $30,000 per year). That would include contributions and ...
by goodenyou
Wed Oct 30, 2019 7:56 am
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 8325

Re: 529/son got accepted to medical school whahoooo!

So you add, say, $20-30K, for modest cost of living (rent, food, car, entertainment) for a single person, on top of $60-100K for school itself, to get to somewhere in the neighborhood of 4x ($80-$130K) that a med student will need to finance in some fashion, correct? Loans, parental support, modest...
by goodenyou
Tue Oct 29, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15100

Re: I no longer plan on retiring early

Sounds like you have an interest outside of medicine in personal wealth management. Good for you. :sharebeer
by goodenyou
Tue Oct 29, 2019 4:27 pm
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 8325

Re: 529/son got accepted to medical school whahoooo!

What does medical school cost in the USA? Depends on public vs private. Also depends on how much you borrow and forbear during a potentially long residency where you will have difficulty paying it back while the interest accrues and compounds. All in, at a minimum $60k per year to as high as $100k+...
by goodenyou
Tue Oct 29, 2019 1:33 pm
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 8325

Re: 529/son got accepted to medical school whahoooo!

What does medical school cost in the USA? Depends on public vs private. Also depends on how much you borrow and forbear during a potentially long residency where you will have difficulty paying it back while the interest accrues and compounds. All in, at a minimum $60k per year to as high as $100k+...
by goodenyou
Tue Oct 29, 2019 12:27 pm
Forum: Personal Investments
Topic: What should a mid 30s Asset Allocation be?
Replies: 45
Views: 2294

Re: What should a mid 30s Asset Allocation be?

So one of the things I think about is what should my AA be. As a background I have a net worth of $2.5 million and a low 7 figure income. About 1/3 of my worth is in a commercial building and the rest is in VTSAX. I'm thinking that I should start putting some money into bonds but I'm hesitant due t...
by goodenyou
Tue Oct 29, 2019 11:09 am
Forum: Personal Investments
Topic: What should a mid 30s Asset Allocation be?
Replies: 45
Views: 2294

Re: What should a mid 30s Asset Allocation be?

Pigs get fat and hogs get slaughtered. Everyone has a different attitude about risk and reward. My decision was/is different than yours. I wanted to be in a position of freedom from the changes in healthcare that were beyond my control. That is, declining reimbursement and increased regulation. Ther...
by goodenyou
Tue Oct 29, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: How much money are saving in taxes by using tax deferred options?
Replies: 28
Views: 2738

Re: How much money are saving in taxes by using tax deferred options?

You’re not saving on taxes. You are deferring them. +1 To answer, you need to know the amount you are deferring now and what tax rate you would be paying now compared to : The value of the deferred amount at the time you withdraw it and the tax rate that would apply to it when it is withdrawn. Note...
by goodenyou
Mon Oct 28, 2019 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11543

Re: Ok to go without health insurance?

Try showing up at a place like MD Anderson with cancer or even worse, one of your kids with a cancer, without insurance. There will be nothing left of your fortune in a flash.
by goodenyou
Mon Oct 28, 2019 10:43 pm
Forum: Personal Investments
Topic: High Yield Funds in Taxable Account--what to do?
Replies: 19
Views: 1305

Re: High Yield Funds in Taxable Account--what to do?

I think it is unnecessary to savage you for trying to unwind poor tax efficient choices. Many of us have made naive choices early in our investment journey only to try to correct them later. For starters, I would not reinvest any dividends in your current choices. I would try to move toward a 3- fun...
by goodenyou
Mon Oct 28, 2019 5:57 pm
Forum: Personal Investments
Topic: $930,000 new money to invest
Replies: 35
Views: 3791

Re: $930,000 new money to invest

I would lump sum it into bonds.
by goodenyou
Mon Oct 28, 2019 1:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1899
Views: 197126

Re: U.S. stocks continue to soar!

Are U.S. bonds in free fall?
by goodenyou
Sun Oct 27, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15100

Re: I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working f...