Search found 1114 matches

by goodenyou
Wed Feb 07, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 127
Views: 8773

Re: Torn between Vanguard, Fidelity and Schwab

Like others, I have all three. My reason is probably more motivated by (probably unnecessary) fear of having all my assets in one place. I started with Schwab and moved to Vanguard 20 years ago when Vanguard was far cheaper. Schwab and Fidelity have made significant gains and in some ways have excee...
by goodenyou
Sat Feb 03, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9314

Re: How risky is Med school student loan debt?

I misread that. I thought he was talking about physicians CLAIMING disability. My former college roommate is a general surgeon and made a claim on her disability policy when she was hit with Guillain-Barré. She recovered after many months and is now able to practice again. So, now (anecdotally) you...
by goodenyou
Sat Feb 03, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9314

Re: How risky is Med school student loan debt?

Ok, let's do some math. $200k a year. Let's pull out 20% for retirement since we are good bogleheads. Now we have $160k. Unless we live in one of the few no state tax states we are looking at about 33% going to state, federal, social security, and Medicare tax. We are now down to 107K. School loans...
by goodenyou
Fri Feb 02, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9314

Re: How risky is Med school student loan debt?

Doing a MD/PhD program in order to offset the cost of education and not because you were genuinely interested would be stupid. It would also be foolish to join the military and have them pay for it if you weren't happy about owing time and freedom for the payment of your schooling. What is not discu...
by goodenyou
Fri Feb 02, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 53
Views: 3582

Re: What's your cash position

If you have a dollar of cash, what is the purpose of that dollar? Checking Account - Routine in and out, pay bills, have to keep some buffer here Emergency Fund Car Fund Vacation Fund Taxes Fund House Fund Dry Powder Fund (I kid, I kid) < Insert your near term spending here > I’m afraid to lose mon...
by goodenyou
Thu Feb 01, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9314

Re: How risky is Med school student loan debt?

It’s risky if you somehow don’t end up working as an MD. I can think of two examples in my brother and his in laws. One already finished the MD program but I believe she had to take an exam, she got burned out. She ended up being a teacher. The other case is the female got through and being a surge...
by goodenyou
Thu Feb 01, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9314

Re: How risky is Med school student loan debt?

The stakes are very high at the numbers now. Upward of $85k per year to attend medical school. Remember, you have to borrow ALL living expenses for 4 years since school is year round for most of the 4 years. What many do not realize is that you may not be able to choose your specialty. If you want a...
by goodenyou
Sat Jan 27, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 331
Views: 57244

Re: Retreat to cash

I am 60/30/10 (s/b/cash). I wish in hindsight I was 100% stocks. I sleep well at night with 10% cash. Thankfully, my marginal utility of risk is small since I am at or near "my number". I am reminded of the quote "pigs get fat, and hogs get slaughtered".
by goodenyou
Sat Jan 27, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: Calling All Boglehead Quants-Techies;"Dragon-Kings"
Replies: 1
Views: 289

Calling All Boglehead Quants-Techies;"Dragon-Kings"

I stumbled upon this by coincidence. A close friend from my past became a very prominent and successful banker/fund manager after he completed MIT in electrical engineering. He has resurfaced with a new company in Switzerland that is all about managing risk. What is interesting is that his partner, ...
by goodenyou
Sat Jan 27, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 7922

Re: How do you decide how wealthy you really are?

CppCoder wrote:
Fri Jan 26, 2018 9:32 pm
Let net worth be defined as X. Then, wealthy is defined as 2*X, for all values of X.
For X > 0
by goodenyou
Thu Jan 18, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 5309

Re: To the doctors on the forum

Here's the conversation I had with my son's pediatrician at his last visit for a medication check (10 minutes sitting with her discussing how the medication is working and whether she wants to make any changes). Me: These visits are very expensive. Dr.: How much are they? I don't handle the billing...
by goodenyou
Thu Jan 18, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 5309

Re: To the doctors on the forum

If you asked the doctor how much he or she was going to get paid for your visit that day, they wouldn't know that either. Unless the doctor owns the MRI unit, why would they know how much someone else is going to charge for a study? It is akin to asking the doctor how much your prescription is going...
by goodenyou
Tue Jan 16, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1261997

Re: U.S. stocks in freefall

Whakamole wrote:
Tue Jan 16, 2018 2:53 pm
Is it time to panic yet?
Yes. There is a time when panic is the appropriate response. Go for it.
by goodenyou
Mon Jan 08, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: What is "winning the game" exactly?
Replies: 9
Views: 1377

Re: What is "winning the game" exactly?

It is different for everyone. The concept, in my mind, is no longer having to depend on earned income;income that depends on setting an alarm clock. It is maintaining a lifestyle of your choice and having a legacy of your choice by withdrawing from a nest egg that has historically a near zero chance...
by goodenyou
Mon Jan 08, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Can you ever win the game?
Replies: 50
Views: 5272

Re: Can you ever win the game?

You can only win a game if you know what the rules are.
by goodenyou
Thu Jan 04, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7733

Re: What strategy do you use to reduce sequence of returns risk in retirement?

Not to be glib, but “overfunding” my retirement. Below a 3% withdrawal rate. Essentially living “below my means” in retirement. A proper asset allocation and a variable withdrawal rate with few fixed expenses is essential. The rest is hope and luck.
by goodenyou
Wed Jan 03, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3509

Re: Retirement accounts and physician SCorps and Tax Reform

Sorry if this is a dumb question, but why would the salary be $275,000 to max out retirement savings? Is it just a physician thing? For an S-Corp Solo 401K, which can use 25% of W-2 salary, it requires $146,000 of W-2 compensation (salary + benefits) to max out $18,500 in employee deferral + $36,50...
by goodenyou
Wed Jan 03, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3509

Re: Retirement accounts and physician SCorps

...My understanding is the pass-through S-distributions have to be limited in order to not reduce reasonable W-2 wages of a physician. For example, if a physician has $500,000 of compensation, you cannot classify that compensation as $100,000 of W-2 and $400,000 of S-distributions... goodenyou, Ass...
by goodenyou
Wed Jan 03, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3509

Re: Retirement accounts and physician SCorps

...My understanding is the pass-through S-distributions have to be limited in order to not reduce reasonable W-2 wages of a physician. For example, if a physician has $500,000 of compensation, you cannot classify that compensation as $100,000 of W-2 and $400,000 of S-distributions... goodenyou, Ass...
by goodenyou
Mon Jan 01, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Utah Vs. New York 529 - Which one and why?
Replies: 26
Views: 3892

Re: Utah Vs. New York 529 - Which one and why?

Utah for many years. NY was not very good many years ago. Texas resident. Is Utah better than Vanguard's Nevada? If so, why? I need to decide this very soon. No state tax benefit here. Utah seems a bit harder to open - seems they have to wait for a signature card to clear and then additional 3 busi...
by goodenyou
Mon Jan 01, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Utah Vs. New York 529 - Which one and why?
Replies: 26
Views: 3892

Re: Utah Vs. New York 529 - Which one and why?

Utah for many years. NY was not very good many years ago. Texas resident.
by goodenyou
Mon Jan 01, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 4821

Re: Two-comma club just in time for the New Year, and thank you

Great job, but if you are making $1,000,000/year, not so great. I'll assume not.
by goodenyou
Thu Dec 28, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3509

Re: Retirement accounts and physician SCorps

If your practice and partnership has been an S-Corporation already, does it mean your practice is now ineligible as an S-Corporation? I can't understand why a medical business that employs 100 people and spends hundreds of thousands of dollars on equipment and supplies would not be eligible. I can ...
by goodenyou
Thu Dec 28, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: 1st, your education. Then...Location, Location, Location
Replies: 66
Views: 8635

Re: 1st, your education. Then...Location, Location, Location

I moved to a LCOL area from a HCOL area 22 years ago. What I wanted most is financial freedom at the youngest age possible. It was achieved by making significantly more than my peers and living in a VLCOL area and living well-below my means. Living in a state without state income taxes for 20 years ...
by goodenyou
Tue Dec 26, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 64
Views: 6739

Re: Do any of you follow Bob Brinker?

I have listened to him for over 25 years. He introduced me to the idea of low cost investing and indexed mutual funds. He has had some of the most prominent economists and people in the investment world as guest speakers, including the likes of John Bogle, Charlie Ellis, Peter Bernstein, Laurence Ko...
by goodenyou
Mon Dec 25, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3509

Re: Retirement accounts and physician SCorps

If your practice and partnership has been an S-Corporation already, does it mean your practice is now ineligible as an S-Corporation? I can't understand why a medical business that employs 100 people and spends hundreds of thousands of dollars on equipment and supplies would not be eligible. I can u...
by goodenyou
Sun Dec 24, 2017 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard have a way to track outside investments?
Replies: 9
Views: 1456

Re: Does Vanguard have a way to track outside investments?

You can import outside investments with Vanguard Portfolio Analyzer. It is a way to keep track of outside investments and a great tool to analyze your asset allocation of your entire portfolio. You have to manually change the investments if you add or remove amounts, but it gives you the ability to ...
by goodenyou
Tue Dec 19, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 10829

Re: How much did you contribute to your 401k in 2017?

Always max (now with catch-up for past few years) for wife and me. Remember, your catch-up begins the year you turn 50, not after you turn 50.
by goodenyou
Sun Dec 10, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 6340

Re: Does this happen to you? Educating friends about personal finance

The willingness for someone to absorb and act on your advice depends on their desire to take charge of their financial future. It would be analogous to the activation energy required to start a chemical reaction. Most are not willing to put in the effort that they believe is required to take respons...
by goodenyou
Fri Dec 08, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7789

Re: At what age your investments start making more money than you?

Probably this year. It will be close. 60 (stocks)/30 (bonds) /10 (cash). My wife has a new high-paying job. 52 yo.
by goodenyou
Fri Dec 01, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 10095

Re: Any retired boglehead doctors out there?

The ability to retire early as well as the propensity to burnout appears to be dependent on the age and number of dependents in the household. Physicians usually start families later thus have college age children well into their late 50s and 60s. Would have retired years ago if not for dependent (e...
by goodenyou
Thu Nov 30, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Using cash instead of 529 make any sense with siblings left?
Replies: 3
Views: 467

Re: Using cash instead of 529 make any sense with siblings left?

If you pay some cash, then there is the American Opportunity Tax Credit available: Pay $4,000 of tuition and get $2,500 back, net cost only $1,500. I think you will find that is better than any taxes you save with a 529 plan. We never paid in a lump sum, since most all colleges have a monthly payme...
by goodenyou
Tue Nov 28, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy term life insurance?
Replies: 24
Views: 2497

Re: Should we buy term life insurance?

I would. Don't underestimate cash burn during teenage/college years. It is tremendous. The cost for a $2 million policy for 20 years is about $140/month. It is proportional for a fraction of that. Well worth it. May consider a split of policies between parents if both are income earning.
by goodenyou
Wed Nov 22, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 52
Views: 12117

Re: Have I put too much into the 529 plan?

TSquare wrote:
Wed Nov 22, 2017 4:26 pm
The dollar amounts being tossed around this post are eye rolling, and indeed are "first world problems". Sheesh.

-tsquare
Some people here make a lot of money and are very rich. Some are not. The circumstances can differ greatly.
by goodenyou
Sat Nov 18, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Physician(s) changing Jobs - Advice
Replies: 25
Views: 4195

Re: Physician(s) changing Jobs - Advice

It depends on how much you value your autonomy. Having to answer to a bureaucracy while practicing medicine would be intolerable to me. Part or the reason I went into medicine is to be my own boss. Taking that away and leaving the current atmosphere of the politics of medicine and the general attitu...
by goodenyou
Thu Nov 16, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 5417

Re: Fair way to split expenses?

The response to this thread appears to be dependent on whether you are in a first or second marriage (or third and greater) and with children from previous marriages. Commingling finances can get complicated in those situations. It is probably more important to be on the same page with spending and ...
by goodenyou
Thu Nov 16, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 5417

Re: Fair way to split expenses?

One pot of money here. Whatever works for you. I just don't understand how keeping score works. If we kept score, we would end up splitting assets and not expenses.
by goodenyou
Wed Nov 15, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 16248

Re: Why pay cash for a car?

I can understand paying off a mortgage, because rates are higher than car loans. And you wouldnt take a new loan out to invest in the market now. I am saving cash for my next car purchse. But why? Car loans are cheap. My current car is paid off and i like being debt free. Is that the best method? F...
by goodenyou
Mon Nov 13, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA EFC number shock! [Expected Family Contribution]
Replies: 39
Views: 4540

Re: FAFSA EFC number shock! [Expected Family Contribution]

The middle class squeeze is ruining a generation of students who foolishly amass mountains of educational debt. The prestigious university degree invariably loses a lot of luster once the debt has to be paid. Expensive college regret is pervasive. A pragmatic approach to education that has utility i...
by goodenyou
Sat Nov 11, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA EFC number shock! [Expected Family Contribution]
Replies: 39
Views: 4540

Re: FAFSA EFC number shock!

Grt2bOutdoors wrote:
Fri Nov 10, 2017 5:59 pm
Am not surprised, my neighbor filled it out even though knew they would get zero help. Sure enough, EFC said 99,999+. :shock:
The good news is that.... all-in it's only about $70k for most private schools. I didn't even fill it out.
by goodenyou
Thu Nov 09, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 39202

Re: Did you tell anyone you paid off your mortgage?

Conspicuous savings is as obnoxious as conspicuous consumption. Come to think of it, anything used to advertise in order to promote one's prestige is obnoxious.
by goodenyou
Wed Nov 08, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 39202

Re: Did you tell anyone you paid off your mortgage?

Resurrecting old thread.. I'm about to drop the payoff check for my mortgage in the mail. It took me a little over 19 years to reach this point. I was honestly considering a FB post to brag a little but leave it to the wisdom of forum to suggest otherwise... I think I'll limit the news to a few clo...
by goodenyou
Mon Nov 06, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Out of network care
Replies: 86
Views: 5750

Re: Out of network care

Interesting. I would have thought they would be more interested in potential fraud. Many insurance companies now have special investigations units to search for fraud. They even call their insured patients and ask them if their doctor waives their copays (insurance fraud). They also scrutinize out ...
by goodenyou
Mon Nov 06, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Out of network care
Replies: 86
Views: 5750

Re: Out of network care

I don't understand what your concern is about "making money in the healthcare industry". Your doctor goes to work every day for the same reason you do. Of course he/she is trying to figure out how to get paid by the insurance company and avoid denials. I think Bogleheads would agree that working fo...
by goodenyou
Mon Nov 06, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13853

Re: Why make more money?

Earned income takes some of the uncertainty out of having to meet financial needs from investing. For some, it may be the lesser of two evils. Legacy is an important reason for me. I would like to be able to help my children and gift my future grandchildren their education expenses.
by goodenyou
Sat Nov 04, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Out of network care
Replies: 86
Views: 5750

Re: Out of network care

Patients get angry at us when they find out what's in their policy after the fact . This anger should be directed either at themselves (for not understanding or following the policy) or at the insurance company if it misled them. You need to know the rules to successfully play the game. Try telling...
by goodenyou
Sat Nov 04, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Out of network care
Replies: 86
Views: 5750

Re: Out of network care

Pajamas wrote: Over the past couple of years, I have had to take a web of complaints to the state department of health because of lack of follow-through on internal complaints I made to my current plan. This was just to get them to charge the correct co-pays as outlined in the subscriber contract an...
by goodenyou
Thu Nov 02, 2017 1:40 pm
Forum: Personal Consumer Issues
Topic: Warning Buffet Indicator?!?
Replies: 31
Views: 2771

Re: Warning Buffet Indicator?!?

I was at a Chinese buffet many years ago and the owner/chef (Chinese man) came storming out of the kitchen yelling at an obese man (who had been eating from the buffet for hours)..."HEY YOU Fatso..get out of my restaurant..you eat all my profit." It was actually a funny scene. I don't do buffets any...
by goodenyou
Thu Nov 02, 2017 1:21 pm
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 3494

Re: Do you Mow your own Lawn?

Nope. You wouldn't either where I live. It is 100+ degrees for 6 months and in the 80s when the grass doesn't grow. Don't clean my house, pool or do laundry either. I pay for all those services.
by goodenyou
Wed Nov 01, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Best 529 Plan for Texas residents
Replies: 4
Views: 466

Re: Best 529 Plan for Texas residents

Texas resident here. Utah 529 Plan for past 18 years. No complaints. Starting using it last year.