Search found 2162 matches

by goodenyou
Sun May 24, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: What do people spend money on?
Replies: 52
Views: 4937

Re: What do people spend money on?

Keep saving. You may want to quit your stressful job. You could get sick too. Living in $2M+ house with some luxury cars, kids that are used to luxury, and paying for people to give you more time is very expensive. You'll want to spend on the kids big time. They are young now and they get very expen...
by goodenyou
Sun May 24, 2020 8:51 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 338
Views: 23778

Re: The axe falls and I am prepared. What's next?

Klang: You have been here a long time extolling the virtues of being prepared for financial shocks. You have received a lot of criticism and backlash for it, but always have defended it well. Your many posts have chronicled your ups and downs of job losses and financial mistakes over the years. I re...
by goodenyou
Sat May 23, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Medical school student loan calculations
Replies: 26
Views: 1530

Re: Medical school student loan calculations

These numbers are staggering. I finished med school in 1991. I finished my Residency in Chicago (big city expensive) in 1996. I moved to a no income tax state with a very high compensation and VLCOL. I paid off all my student loans very quickly and saved like crazy. I enjoy work much more now that I...
by goodenyou
Fri May 22, 2020 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: College costs not covered by 529
Replies: 42
Views: 4191

Re: College costs not covered by 529

How about clothing? Anyone know? Can 529 savings plans be used for shirts, pants, jackets, underwear, socks, etc.? I have searched several sites and an unable to find an answer, whether it be yes or no. It would be a big no. You can deduct computer costs and books. You are limited to the published ...
by goodenyou
Wed May 20, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 57
Views: 5273

Re: Healthcare post COVID-19

Total agreement with the above post. The existence of dermatology certified NPs is proof that the system is changing unfavorably for physicians. Dermatology is the most competitive non-surgical field for medical students. It is a four year residency program and the majority (~66%) took an additiona...
by goodenyou
Sun May 17, 2020 8:01 am
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 57
Views: 5273

Re: Healthcare post COVID-19

Total agreement with the above post. The existence of dermatology certified NPs is proof that the system is changing unfavorably for physicians. Dermatology is the most competitive non-surgical field for medical students. It is a four year residency program and the majority (~66%) took an additiona...
by goodenyou
Sun May 17, 2020 12:13 am
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 57
Views: 5273

Re: Healthcare post COVID-19

Wonderful thoughtful posts by physicians here. I wonder the following: telemedicine is here but will patients pay the full price? If pt are on high deductibles (even if insurance covers it) will they pay full price equal to in office visit? Or be delinquent as they often are anyway? Will midlevel c...
by goodenyou
Sat May 16, 2020 11:23 pm
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 57
Views: 5273

Re: Healthcare post COVID-19

A question would be how this will affect future employment opportunities. Will many people leave healthcare due to their experiences? Does it identify shortages or excesses in certain areas? Are insurance companies losing money and if so will it triggers higher payments, lower payments to doctors? ...
by goodenyou
Sat May 16, 2020 5:49 pm
Forum: Personal Investments
Topic: Does portfolio size matter when considering Sequence of return risk?
Replies: 43
Views: 2438

Re: Does portfolio size matter when considering Sequence of return risk?

I don't see how size matters in the sense that 40k withdrawal with say 1M invested should have the same success rate as 400k withdrawal with 10M invested. Or for that matter 4k spending on 100k portfolio. However size matters to the extent that a larger starting budget gives you a lot more room to ...
by goodenyou
Sat May 16, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Coronavirus, 529, room and board, a different question
Replies: 9
Views: 847

Re: Coronavirus, 529, room and board, a different question

Some universities have a published COA R&B for living at home. Most do not. You can use those published costs, if available. I have 2 college students living in apartments in 2 different cities away from home. Both of them will be enrolled for Summer Session 2020. That does allow for use of 529 fund...
by goodenyou
Fri May 15, 2020 6:55 pm
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 57
Views: 5273

Re: Healthcare post COVID-19

There will be a thick layer of inefficiency in the system because of COVID. Volume is down and there is a significant time sink in doing surgery due to all the precautions. It was barely cost-effective to do surgery on government payers (and some commercial carriers as well) before the COVID crisis....
by goodenyou
Tue May 12, 2020 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Qualified Room and Board Expenses
Replies: 2
Views: 222

Re: 529 Qualified Room and Board

If students are in mandatory on-line classes AND they are in off-campus housing, are the room and board charges for the apartment a qualified education expense? There are no UNIVERSITY dormitory services available due to the pandemic. I say yes if: #1) the student is enrolled at least half-time at ...
by goodenyou
Tue May 12, 2020 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Qualified Room and Board Expenses
Replies: 2
Views: 222

529 Qualified Room and Board Expenses

If students are in mandatory on-line classes AND they are in off-campus housing, are the published room and board charges for university room and board still applicable tothe apartment and meals and a qualified education expense? There are no UNIVERSITY dormitory services available due to the pandem...
by goodenyou
Mon May 11, 2020 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4098

Re: What age do you use for retirement end date?

Moshe Milevsky has written a lot about BIOLOGIC age and retirement. Several articles. Maybe we will all need telomere testing for Social Security and Annuities. It's not all about how may times you have circled the sun. Forget Your Real Age, Plan Your Retirement Around Your ‘Biological Age’ https://...
by goodenyou
Mon May 11, 2020 1:52 pm
Forum: Investing - Theory, News & General
Topic: I am always slightly disappointed with my AA
Replies: 48
Views: 3518

Re: I am always slightly disappointed with my AA

I love a good golf analogy. One time I whipped my 4 iron one handed as far as I could, which was much farther than I thought I could throw it. It spun around a million times and hit one of the golf carts behind the clubhouse. I never went to retrieve it and I still don't have a 4 iron. I hate low i...
by goodenyou
Mon May 11, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Advice needed - sister's home in foreclosure - terminal cancer
Replies: 26
Views: 2840

Re: Advice needed - sister's home in foreclosure - terminal cancer

All families are different. By what you described, I can tell you what I would do in my family if I were faced with that decision. I would pay off the loan for my sister and nephew to keep the nephew in the house temporarily. I would take a lien on the house or some other way to secure my equity pos...
by goodenyou
Mon May 11, 2020 7:57 am
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10365

Re: A bond rule of thumb better than "age in bonds"

That would depend on the amount of the WR needed to find the retirement. Depending on the situation and portfolio size vs. required WR portfolio's with both stocks and bonds back test survival better. Well if their WD is small enough it just doesn’t matter one way or the other. They could be all bo...
by goodenyou
Sun May 10, 2020 11:44 pm
Forum: Investing - Theory, News & General
Topic: The advice you give vs the approach you use
Replies: 36
Views: 2118

Re: The advice you give vs the approach you use

There is general investing advice that is universal. That is low fees, tax advantages and live below your means. Many of my friends and family have many orders of magnitude less than I do. Their need to take risk is much more than mine. So, specific AA may be different.
by goodenyou
Sun May 10, 2020 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Unhappy with job (MD) - need perspective
Replies: 27
Views: 4351

Re: Unhappy with job (MD) - need perspective

On another thread, you posted you had all these benefits not available in the US - universal healthcare - unemployment insurance which pays 60 % of income for 12 months and then social security - a pension that will cover about 70 % of my averaged salary - zero or very low student debt for me and f...
by goodenyou
Sun May 10, 2020 8:57 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10365

Re: A bond rule of thumb better than "age in bonds"

So, you went from 100% to 45% stocks at retirement and you are going to drift and not glide up from 45% to 60%? If there is a question here, I didn't get it. Or is this a pedantic word game between "drift" and "glide"? No pendantizing. Just trying to understand your strategy difference with a risin...
by goodenyou
Sun May 10, 2020 7:23 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10365

Re: A bond rule of thumb better than "age in bonds"

So, you went from 100% to 45% stocks at retirement and you are going to drift and not glide up from 45% to 60%? If there is a question here, I didn't get it. Or is this a pedantic word game between "drift" and "glide"? No pendantizing. Just trying to understand your strategy difference with a risin...
by goodenyou
Sun May 10, 2020 6:42 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10365

Re: A bond rule of thumb better than "age in bonds"

If you are anywhere close to the SWR, entering retirement @20% bonds is stupid bad. [edit] That was pretty harsh without explaining the issues. There are two substantial risks for retirees who are “close” to a sustainable withdrawal rate (SWR), that is, retirees who don’t have a large amount of saf...
by goodenyou
Sun May 10, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Unhappy with job (MD) - need perspective
Replies: 27
Views: 4351

Re: Unhappy with job (MD) - need perspective

Ungrateful to whom and for what? That you have a job? Europe has a different perspective on medical education and healthcare than the US. Residency training in the US is marked by long hours and meager compensation as well. For now, physicians' salaries in the US rise dramatically after the 8 years ...
by goodenyou
Sun May 10, 2020 6:09 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10365

Re: A bond rule of thumb better than "age in bonds"

If you are anywhere close to the SWR, entering retirement @20% bonds is stupid bad. [edit] That was pretty harsh without explaining the issues. There are two substantial risks for retirees who are “close” to a sustainable withdrawal rate (SWR), that is, retirees who don’t have a large amount of saf...
by goodenyou
Sun May 10, 2020 5:58 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10365

Re: A bond rule of thumb better than "age in bonds"

To clarify my issue: your recommendation for zero bonds at age 40 for early retirees who likely already have significant portfolios by that age (because they are in track to retire early). For someone looking at a possible 60 year retirement zero bonds might not be the worst idea, depending on thei...
by goodenyou
Sun May 10, 2020 1:23 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2955
Views: 526453

Re: What are you up YTD? [Year To Date]

How are you guys doing so much better than market averages? Is it individual stocks (idiosyncratic risk) or did you guys time your new money contributions perfectly in late March? I am down somewhere between 10% and 13%. Not looking closely. Vanguard Total stock market is down 13.32% YTD which is m...
by goodenyou
Sun May 10, 2020 12:00 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2955
Views: 526453

Re: What are you up YTD? [Year To Date]

55/27/18
stock/bond/cash

-5% YTD (investment return)

-9% from high (investment return)

Have added savings to portfolio.
by goodenyou
Sun May 10, 2020 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 226
Views: 43281

Re: Cash - Throw it all on the table!!!

I am 18% “cash” in money market accounts and checking accounts. I sold commercial real estate last year and I delayed deploying it in my AA. I am 55% stocks and 27% bonds. I haven’t decided yet if I’m going to build a house for cash yet. We are going to wait until we sell our current paid-off house ...
by goodenyou
Thu May 07, 2020 1:17 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10365

Re: A bond rule of thumb better than "age in bonds"

vineviz wrote:
Thu May 07, 2020 1:06 pm
HomerJ wrote:
Thu May 07, 2020 12:55 pm
What the heck is "recklessly conservative"?
"Age in bonds" is recklessly conservative.
Except when you are 80.
by goodenyou
Thu May 07, 2020 1:13 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10365

Re: A bond rule of thumb better than "age in bonds"

Bonds = 2 * (age - 40) Let me see..... age 72, minus 40 = 32*2 = 64% bonds... it doesn't work for me. Vineviz's formula is probably best suited for accumulators, not those in the withdrawal phase. Presumably, you would only use the formula to increase your bond allocation until it reached the AA yo...
by goodenyou
Thu May 07, 2020 12:54 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10365

Re: A bond rule of thumb better than "age in bonds"

Bonds = 2 * (age - 40) Let me see..... age 72, minus 40 = 32*2 = 64% bonds... it doesn't work for me. I'm at 52% bonds and 4% cash. The ten year treasury is yielding .721% and the rolling 12 month CPI-U is at 2.00%. Your plan would have me at 36% equities which most Gurus expect to yield 5%-6% over...
by goodenyou
Wed May 06, 2020 8:46 am
Forum: Investing - Theory, News & General
Topic: Why do investors care when the market goes down?
Replies: 47
Views: 1756

Re: Why do investors care when the market goes down?

If an investor never becomes a spender, then they won’t care if the markets go down. The destruction of the wealth effect of a declining market has a real work effect on businesses. As an “investor”, I am much less inclined to purchase when I watch my investments go down.
by goodenyou
Mon May 04, 2020 2:09 pm
Forum: Investing - Theory, News & General
Topic: Treasury borrowing 3T
Replies: 2
Views: 353

Re: Treasury borrowing 3T

All of your questions are interesting, but as a member since 2012, I am sure you know all of them are off limits. Your thread will be locked faster than you can say higher taxes and less entitlements.
by goodenyou
Sat May 02, 2020 9:13 pm
Forum: Investing - Theory, News & General
Topic: Do you invest based on historical performance?
Replies: 13
Views: 806

Re: Do you invest based on historical performance?

I invest in stocks because I believe that companies will continually make more money and therefore go up in price. I invest in US bonds because I believe in the integrity of the economic and legal system of the US. The historical part is relevant to looking at trends to help pick an asset allocation...
by goodenyou
Fri May 01, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10093

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

So you are not open to the idea that using whole life might work out and that recommending it makes you a heretic?:) Again I am beyond suspect that the math works out. It might require some crazy assumptions (50% tax drag on taxable bonds, buying a product that doesn't exist, ...). But I would at l...
by goodenyou
Fri May 01, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10093

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

So you are not open to the idea that using whole life might work out and that recommending it makes you a heretic?:) Again I am beyond suspect that the math works out. It might require some crazy assumptions (50% tax drag on taxable bonds, buying a product that doesn't exist, ...). But I would at l...
by goodenyou
Fri May 01, 2020 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10093

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

Call me a Boglehead heretic, but I actually like to listen to differing opinions. Listening to differing opinions shouldn't make one a 'heretic' . Those who cannot listen at all to those with disparate views are likely very insecure in their own. That said, Pfau's espousal of whole life insurance f...
by goodenyou
Fri May 01, 2020 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10093

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

Call me a Boglehead heretic, but I actually like to listen to differing opinions. I have listened to Wade's podcasts and read his books. I like his thinking on dividing a portfolio into essential and discretionary portions. The idea of trying to reach a maximum safe withdrawal rate has become a math...
by goodenyou
Thu Apr 23, 2020 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9955

Re: physician/APC pay cuts

What is in your contract? Does the hospital have a 60 or 90 day no-cause termination provision? If they are unlikely to terminate, I wouldn’t take a pay cut. We have a few employed physicians in a single-specialty surgical practice that volunteered to take a pay cut like the partners did. They reali...
by goodenyou
Sun Apr 12, 2020 10:04 pm
Forum: Investing - Theory, News & General
Topic: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success
Replies: 55
Views: 3360

Re: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success

Al Bartlett: "Steady growth is the center piece of the entire global economy. ... Growth is a dead end." "You cannot sustain population growth, you cannot sustain growth in the rates of consumption of resources. Period. It's not debatable. It's based on arithmetic; it's not debatable, unless you wa...
by goodenyou
Sat Apr 11, 2020 6:50 pm
Forum: Personal Investments
Topic: How often is there a Bear Trap rally?
Replies: 35
Views: 2850

Re: How often is there a Bear Trap rally?

My opinion is that this is a bear market rally and eventually stocks will come down. I've decided to sell 100% of stocks in my 401k next week. I know this looks like timing, but it is not. The reason for selling is to get out of Fidelity index funds and switch to ETFs after receiving a round-trip v...
by goodenyou
Fri Apr 10, 2020 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Payroll Protection Program From Employee Standpoint
Replies: 35
Views: 1980

Re: CARES Payroll Protection Program From Employee Standpoint

We are trying to originate the loan as late into the 8-week period as possible because it makes no damn sense to bring back an office full of employees with no work to do. Same for food service. Service staff with no patrons. :shock: This doesn't make sense. Why aren't you putting everyone on 100% ...
by goodenyou
Fri Apr 10, 2020 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Payroll Protection Program From Employee Standpoint
Replies: 35
Views: 1980

Re: CARES Payroll Protection Program From Employee Standpoint

Not exactly. The June 30 thing has to do with people being laid off and re-hired. With regard to wage reduction, we are comparing wages during "the covered period" (which is the 8-week period beginning on the date of the origination of a covered loan) to wages during the most recent full quarter du...
by goodenyou
Fri Apr 10, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Payroll Protection Program From Employee Standpoint
Replies: 35
Views: 1980

Re: CARES Payroll Protection Program From Employee Standpoint

I am not trying to be adversarial, but do you have any idea how much your company has been effected by the virus? If your company has significantly reduced revenues, the owner may be taking more of a pay cut than he is imposing on the employees, and he may even be concerned abut losing the business...
by goodenyou
Fri Apr 10, 2020 3:31 pm
Forum: Investing - Theory, News & General
Topic: CARES withdrawal
Replies: 5
Views: 503

Re: CARES withdrawal

Do you have to pay any taxes if you take a distribution from one qualified account and then (almost) immediately put it into another qualified account? (Point: trying to move $100,000 into a lower cost qualified account). And, yes, my profession has been decimated by COVID-19.
by goodenyou
Fri Apr 10, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Payroll Protection Program From Employee Standpoint
Replies: 35
Views: 1980

Re: CARES Payroll Protection Program From Employee Standpoint

The PPP is hardly a windfall. To have the ability to be forgiven a loan by bringing employees back to do work that doesn't exist is ludicrous. As an employer of 100 people (I am not taking unemployment benefits), I am trying desperately (as many of my business-owner colleagues are) to pay bills to k...
by goodenyou
Fri Apr 10, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: 401k match suspended
Replies: 18
Views: 1788

Re: 401k match suspended

I am on both sides of this. We sign both the front of the check and the back of the check. I am a partner in a privately-owned business with 100 employee and my wife works at a multi-national mega corp. She has a wonderful benefits package (think European-centric) with a 401k (6% match) and many oth...
by goodenyou
Mon Apr 06, 2020 10:34 pm
Forum: Personal Investments
Topic: Starting College in the Fall - Which Utah529 fixed income option
Replies: 5
Views: 269

Re: Starting College in the Fall - Which Utah529 fixed income option

Also, college expenses generally run over 4 or 5 years, so unless you are going blow the entire 529 in August, then I think you will want some equities in there. Plus if your income allows it, be sure to do something to capture the free $2500 per year for college from the government via your tax re...
by goodenyou
Mon Apr 06, 2020 4:23 pm
Forum: Personal Investments
Topic: Starting College in the Fall - Which Utah529 fixed income option
Replies: 5
Views: 269

Re: Starting College in the Fall - Which Utah529 fixed income option

The most important question is how much of the costs will the 529 cover? With a very limited time frame and large percentage of balance in withdrawals, the best option would be FDIC in my opinion. There is unlikely to be any significant growth in any investment vehicle and the risk isn't worth it. T...