Search found 1001 matches

by goodenyou
Thu Jun 08, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Housing is too expensive.
Replies: 49
Views: 6160

Re: Housing is too expensive.

Buying a house that is going to stretch yourself thin is not a good idea. Just because you can cash flow a house doesn't mean you should purchase. As others have said, the linchpin in the decision is the security of the job. The risk of not being able to unload a house, if you have to in the event t...
by goodenyou
Tue Jun 06, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding Ring repair
Replies: 5
Views: 559

Re: Wedding Ring repair

I have insurance on my wife's ring. It has lasted 20 years. So has our marriage (20 years tomorrow). Good idea to get it checked. She may ask for an upgrade, hopefully on the ring and not you. :D
by goodenyou
Wed May 31, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 22821

Re: What do you guys do on the side?

Betting on the golf course. Don't win much since I have an honest handicap, but it's what I do "on the side".
by goodenyou
Wed May 31, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9372

Re: Play Money for Spouse....

My wife has a saying, "what's yours is mine and what's mine is mine". :D It works for us since she is frugal and loves to save. Thankfully, we don't put limits on each other and trust that we are each good stewards of OUR money. My wife is a NP (nurse practitioner) that works after she wen...
by goodenyou
Mon May 22, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 9361

Re: Net worth is overrated

Net worth has little meaning and is overrated when it is used to compare to others . The only relevant number to me is personal critical mass. It is the "number" that allows me to wake up without an alarm clock and live my life free of working to pay bills or accumulate assets. In golf the...
by goodenyou
Sat May 20, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 12954

Re: For those with $500k-$1m in investments...

I started a thread 5 years ago on this and added age as a twist. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=93990&p=1352962#p1352962 I was at taxable/tax-advantaged 75/25 (3:1) at that time (2012). I am now 80/20 (4:1). Most of my equities are in my taxable space and most of bonds ...
by goodenyou
Tue May 16, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 7191

Re: Anyone else agree with my logic on silicon valley housing?

EnjoyIt wrote:We moved out of NY to Texas for the same reason about 8 years ago. Our lives couldn't be better.



I did it 21 years ago. Never looked back, nor would I go back.
by goodenyou
Fri May 12, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: 3 found lazy portfolio - where to put bonds
Replies: 4
Views: 566

Re: 3 found lazy portfolio - where to put bonds

Buy a tax-exempt bond fund in a taxable account.
by goodenyou
Thu Apr 20, 2017 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: 1 million minimum MM at Fidelity
Replies: 4
Views: 1475

Re: 1 million minimum MM at Fidelity

Or you can put $250K into 4 different High-Yield Savings accounts that pay 1.05% (gsbank, synchrony, etc.). I don't get why people are putting money in MMs that are below savings account rates. Is it so money can be moved without 24-hour ACH transfer (e.g. in case I want to time the market and shif...
by goodenyou
Thu Apr 20, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about 529
Replies: 4
Views: 672

Re: Questions about 529

A_C_E wrote:If the questions are complex can anyone tell me whom to ask? Uesp doesn't know even. Nor does My accountant.


http://www.savingforcollege.com/
by goodenyou
Thu Apr 06, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 25115

Re: Low-earners- What is your profession?

Medical schools don't ban you from working while in school, but it would be very difficult to do so. I worked while in medical school, as part of a work-study scholarship to pay my tuition. I helped teach Neuroscience and ran a lab. I also did some free-lance computer programming on the side. That ...
by goodenyou
Wed Apr 05, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 25115

Re: Low-earners- What is your profession?

Astounding. I have not personally heard of student debt approaching that, though I suppose it is possible. But if they each took jobs paying $300K/year (less than median surgeon salary), lived off $200K/year pre-tax (quite a luxurious budget right out of school), and put $400K/yr into paying off th...
by goodenyou
Wed Apr 05, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 25115

Re: Low-earners- What is your profession?

I have heard of a doctor couple who has 1.2 million in student loan debt. Astounding. I have not personally heard of student debt approaching that, though I suppose it is possible. But if they each took jobs paying $300K/year (less than median surgeon salary), lived off $200K/year pre-tax (quite a ...
by goodenyou
Fri Mar 31, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10754

Re: Not opting for 529... anyone else?

Folks, 1) Many members of my friends and family are self-made millionaires. Some never entered high school. Some have graduate degrees. 2) We, uncles and aunties, sponsored many of our nephews and nieces (not our own children) through US colleges over the last 10+ years. 50% of them dropped out wit...
by goodenyou
Tue Mar 28, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: MSPGX (expense .79%) vs. Stable Value @ 3% return ??
Replies: 26
Views: 1388

Re: MSPGX (expense .79%) vs. Stable Value @ 3% return ??

You could choose the low cost equities fund in your tax privilege space and a tax-free intermediate Vanguard fund in your taxable space. I was faced with the same problem in my high cost and poor choice 401k plan at work. 3% is pretty good for a SVF.
by goodenyou
Wed Mar 22, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 6052

Re: Vehicles as a percentage of net worth

3 cars and 0.83% of my net worth
by goodenyou
Sat Mar 18, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 169
Views: 16085

Re: "Millionaire Next Door" Net Worth Formula

10x your adjusted gross income at age 50 seems very possible for someone who LBYM and invests early. I would think average of income would be applied.
by goodenyou
Wed Mar 15, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Question for Docs/Surgeons/ARNPs
Replies: 23
Views: 3044

Re: Question for Docs/Surgeons/ARNPs

If your wife spent 16 years in nursing, she is not very young. Presumably, neither are you. If she is signing in up for every 4th night of call, uncompensated, that will get old very fast. Physicians have volunteered (and most still do) for uncompensated call for many years. They volunteered to take...
by goodenyou
Thu Mar 09, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 277
Views: 43526

Re: Physician Retirement Savings

[quote="PhysicianOnFIRE] Great blog and nice post. Regarding geographic arbitrage, most salary comparisons between urban vs rural and between geographic regions do not break down the data to account for differences in distribution of practice types which exist. Particularly in procedural speci...
by goodenyou
Wed Mar 08, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 277
Views: 43526

Re: Physician Retirement Savings

I know a physician who is happy to work in California "after" she worked and saved for many years in a rural mid west practice. Her current salary does not support her current lifestyle. Her prior savings and current salary adequately support her lifestyle. After working in Texas for many...
by goodenyou
Tue Mar 07, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 277
Views: 43526

Re: Physician Retirement Savings

I am happy for you and would love to do the same. With kids and their college coming up, travel and house expenses it would be tough to lose the income. It is also scary in early 40s to just give up the prospect of financial independence In early to mid 50s by saving large amounts. Doing what you d...
by goodenyou
Tue Mar 07, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 277
Views: 43526

Re: Physician Retirement Savings

Physicians are accustomed to achievement. They have a very long pathway (and often painful) to final certification to practice medicine or perform surgery. Retirement also requires physicians to give up their identity as a doctor. It is near impossible to return to the practice of medicine after giv...
by goodenyou
Mon Mar 06, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should the money earmarked for certain expenses be part of net worth?
Replies: 52
Views: 3509

Re: Should the money earmarked for certain expenses be part of net worth?

Technically yes. I think what you are describing are sunk costs. I don't include them. An example of a sunk cost is the kids' cost of education and their 529. I am spending it now and hope to spend it all on their education. I don't expect to have even a dime left over. It is also not an insignifica...
by goodenyou
Mon Mar 06, 2017 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Searched forum, unsuccessful, how to find doctors who take Medicare
Replies: 62
Views: 3479

Re: Searched forum, unsuccessful, how to find doctors who take Medicsre

The issue here is "payer mix" Most physicians and health care organizations indeed take medicare. But there is a significant gap between payments from medicare and private insurance for the same services. So for a given practice, the mix of government (medicare, medicaid, tricare) vs priv...
by goodenyou
Sat Feb 25, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing -> Market Crash and rebalancing
Replies: 42
Views: 2321

Re: Rebalancing -> Market Crash and rebalancing

If you don't want to rebalance during a significant drop, have a larger emergency fund. Depleting fixed income to rotate it into a risk-on environment would be unnerving. I have a 2-3 year emergency fund in cash and I Bonds. If all hell breaks loose, you will probably need to rebalance into guns and...
by goodenyou
Fri Feb 24, 2017 9:03 am
Forum: Investing - Theory, News & General
Topic: Warren Buffets Bet almost over
Replies: 7
Views: 2720

Re: Warren Buffets Bet almost over

I like how at the end of the video they quote the person on the other side of the bet as saying "it's been an unusual 10 years for the market". I would have thought hedge funds should do better in an unusual market than an ordinary market. Unusual markets should give more opportunities fo...
by goodenyou
Wed Feb 22, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: "High conviction investing"
Replies: 26
Views: 1652

Re: "High conviction investing"

It is Orwellian doublespeak.
by goodenyou
Wed Feb 22, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 8296

Re: New Boglehead Millionaire

Here at Bogleheads.org it's affectionately known as "The Two-Comma Club". Congratulations.
by goodenyou
Sun Feb 19, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should we purchase a $1 Million dollar home with all cash?
Replies: 43
Views: 5891

Re: Should we purchase a $1 Million dollar home with all cash?

Having a mortgage on a home is to provide a lifestyle for your family that you cannot otherwise afford. I don't think it would be wise to borrow the equity out of your home and leverage it into the stock market. Therefore, I think it would be the equivalent to putting less down on the home and putti...
by goodenyou
Mon Feb 13, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 11763

Re: Who would quit playing if they already won?

While I''m not sure I've won the game, I have a big lead going into the 4th quarter and think it prudent to play conservatively to protect that lead


It didn't work out too well for the Atlanta Falcons, so be careful. :D
by goodenyou
Mon Feb 13, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 11763

Re: Who would quit playing if they already won?

It would depend on my ability and desire to return to work. If I were old and/or infirm, I would have much less risk tolerance. Like others have said, I would set aside an amount necessary to meet all my absolute needs in a nearly risk-free investment (FDIC-insured etc.), and let a small portion of ...
by goodenyou
Sun Feb 05, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Milestone and gotta tell someone
Replies: 61
Views: 6005

Re: Milestone and gotta tell someone

Our good friends live in Texas and they pay 3%ish I think. They will be moving out eventually when they retire because of this. Our taxes are 1.01% and thanks to Prop 13, the valuation is currently less than half of what our house is worth (max 2% valuation increase yearly). Our state income tax of...
by goodenyou
Fri Feb 03, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Where to Park Emergency Fund to protect against inflation
Replies: 32
Views: 4125

Re: Where to Park Emergency Fund to protect against inflation

Thanks everyone for your great advice. i am considering the following options 1. $25,000 in Cash at Savings Account (CapitalOne360 - where it is currently at) 2. $20,000 in iBonds but laddered over 2 years so they would complete 1 year limit at different intervals. 3. $20,000 in CD Ladders. (Will h...
by goodenyou
Fri Feb 03, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Milestone and gotta tell someone
Replies: 61
Views: 6005

Re: Milestone and gotta tell someone

Congratulations! Enjoy the milestone and revel in it. I suggest buying a new lockset for your main door to remind you that it's all yours now :) I wish it were that way. I am in Texas, and although I have paid off my house years ago, I have to write a very large check to the property tax authority ...
by goodenyou
Mon Jan 30, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 56
Views: 7263

Re: Anyone moved to another state for lower cost of living?

Raising children in a LCOL area was also easier. Having more affordable space for a large family, less traffic to cart kids around to their sport and school activities and a lot of cheaper paid help to give parents time to coach and travel with the kids was a bonus.
by goodenyou
Mon Jan 30, 2017 6:53 pm
Forum: Personal Consumer Issues
Topic: Is joining a country club a character flaw?
Replies: 101
Views: 8901

Re: Is joining a country club a character flaw?

I don't think it's a flaw. But then again, I have a passion for golf. I play or practice many times per week. I would not admit how much I would be willing to spend when I finally move to a new place and join a nice country club. It's part of my retirement plan.
by goodenyou
Mon Jan 30, 2017 3:24 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 10767

Re: Risk tolerance when you meet your number

Forgive me if I am repeating the sentiment of others on this post, but my strategy would be to "de-risk" my portfolio by gravitating toward lower risk assets that would cover all my needs and some of my wants. As this number got larger, and I reached a point that it was near certain that m...
by goodenyou
Sun Jan 29, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: Why are Stable Value Funds not outperforming Total Bond over the long run?
Replies: 17
Views: 2708

Re: Why are Stable Value Funds not outperforming Total Bond over the long run?

For portfolio analysis and asset allocation, how do you characterize SV assets, bond or cash equivalents? I, too, have chosen SV in my 401k since bond funds in this environment have underperformed and the expense ratios don't seem to warrant bond fund exposure. Couple that with interest rate risk, a...
by goodenyou
Sat Jan 28, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 56
Views: 7263

Re: Anyone moved to another state for lower cost of living?

The disparity in taxes between states for a high income earner can be as powerful as the lower cost of living. Additionally, the temptation to spend more in a HCOL area to create the lifestyle that is afforded in a LCOL can be anathema to wealth building (ie belonging to a fancy country club or buy...
by goodenyou
Thu Jan 26, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 56
Views: 7263

Re: Anyone moved to another state for lower cost of living?

The disparity in taxes between states for a high income earner can be as powerful as the lower cost of living. Additionally, the temptation to spend more in a HCOL area to create the lifestyle that is afforded in a LCOL can be anathema to wealth building (ie belonging to a fancy country club or buyi...
by goodenyou
Wed Jan 25, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 56
Views: 7263

Re: Anyone moved to another state for lower cost of living?

I moved to Texas 20+ years ago from Chicago. Grew up in New York (Western). I moved for geographic arbitrage. It has worked out very well. I am light years ahead of my colleagues, and I have the ability to retire very well at 50. My plan was to race to financial independence. Now, I plan to move to ...
by goodenyou
Wed Jan 25, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: % taxable bonds needed for rebalancing taxable equity?
Replies: 26
Views: 1725

Re: % bonds for rebalancing taxable equity rule of thumb?

If your taxable account has a fixed asset allocation (at 100% equities, for example), how are you able to have an overall asset allocation strategy in your portfolio? My taxable:tax-privileged ratio is 3:1. I would be way over exposed to equities at 100% in my taxable account.
by goodenyou
Mon Jan 23, 2017 3:03 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 58393

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

TheTimeLord wrote:
VictoriaF wrote:Does lingerie count as stealth wealth? Or it's just a secret.

Victoria


Depends on if it highlights or conceals valuable assets.



If it's made-to-measure like Buffet's suits, then I am going into a new line of business :wink:
by goodenyou
Thu Jan 19, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 58393

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

My wife went back to work in her late 40s after staying at home with 3 kids. She got her masters degree as a NP when we had 3 small children. Our net worth is multiples of what most would consider a lot of "retirement money". We are at 50x annual expenses and we live way below our means. C...
by goodenyou
Tue Jan 17, 2017 5:09 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 18274

Re: "Millennials may need to double how much they save for retirement"

Lots of interesting statistics, but lots of misinterpretation of those stats as well. :) Which part do you believe was misinterpreted? My original point was that student loans are a significant barrier for many Millennials. You asserted that most Millennials don't even go to college. I demonstrated...
by goodenyou
Mon Jan 16, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA for High Net Worth Parents?
Replies: 71
Views: 7041

Re: FAFSA for High Net Worth Parents?

Didn't even bother. Just wrote the check. Merit based scholarships wanted financial information as well.
by goodenyou
Fri Jan 13, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 17987

Re: Best Financial Moves You've Made

Waiting until I was in my 30s to get married. I avoided marrying the other soul mates that would have very likely led to financial disaster. Living below means and decision on geographic arbitrage have led to significant financial rewards. Boglehead philosophy is right up there at the top as well.
by goodenyou
Mon Jan 09, 2017 9:08 am
Forum: Personal Consumer Issues
Topic: Turned 30! Women's advice for skin care??
Replies: 60
Views: 3437

Re: Turned 30! Women's advice for skin care??

Stay out of the sun and never smoke. 2 killers of skin and behaviors that age skin very rapidly.

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