Search found 1150 matches

by goodenyou
Wed Apr 18, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review looking to retire in 1-2 years
Replies: 23
Views: 2475

Re: Portfolio review looking to retire in 1-2 years

Expenses are the key to this analysis. I thought kids were expensive when they were under 10 years of age. For us, the expenses of 3 young adults around the age of 20 are tremendous. Retiring before 50 with young children, in my opinion, would require a conservative withdrawal plan. Your plan on su...
by goodenyou
Wed Apr 18, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review looking to retire in 1-2 years
Replies: 23
Views: 2475

Re: Portfolio review looking to retire in 1-2 years

Expenses are the key to this analysis. I thought kids were expensive when they were under 10 years of age. For us, the expenses of 3 young adults around the age of 20 are tremendous. Retiring before 50 with young children, in my opinion, would require a conservative withdrawal plan. Your plan on sup...
by goodenyou
Sat Apr 14, 2018 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Aren't we betting a bit too heavily on US stocks and bonds?
Replies: 34
Views: 2589

Re: Aren't we betting a bit too heavily on US stocks and bonds?

My personal decision on international exposure has more to do with stability of governments, accountability and transparency. In my opinion, there are several markets around the world including China and Russia that are seriously lacking in this criterion. The quality, not just size, of a market is ...
by goodenyou
Fri Apr 13, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Unaffordable prescription drug
Replies: 42
Views: 3482

Re: Unaffordable prescription drug

How long do you plan to be on this expensive drug? If it is off label, maybe you can enroll in a study and be comped the medication. I would seek a second opinion by an expert at a reputable academic center familiar with the treatment options for your condition. I don't know how long I would be on ...
by goodenyou
Fri Apr 13, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5639

Re: Could you support family on 1 income?

If you ask that question in a family with a high earning spouse, of course. We made all of our decisions based on 1 income since we had 3 kids. My wife went back to school and re-entered the workforce in her 40s. It can be done. You just have to find the right place and right job.
by goodenyou
Fri Apr 13, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Unaffordable prescription drug
Replies: 42
Views: 3482

Re: Unaffordable prescription drug

How long do you plan to be on this expensive drug? If it is off label, maybe you can enroll in a study and be comped the medication. I would seek a second opinion by an expert at a reputable academic center familiar with the treatment options for your condition.
by goodenyou
Wed Apr 11, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Prescription drug costs
Replies: 22
Views: 1211

Re: Prescription drug costs

If someone could crack the Ivermectin for dogs racket, that would be great. A "required" vet visit per year for a one year supply of Heartgard is getting ridiculous! And, I have 2 dogs!
by goodenyou
Mon Apr 09, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11346

Re: What is your AA, given your age? and, Why?

52yo. Wife 50yo. 62/28/10. S/B/Cash. Paid off house. 2 in college, one more in 3 years. Serious cash burn time even with fully funded 529 plans. Holding a lot of cash for a new "retirement" house that will cost twice as much as the house I am trying to unload. At current savings rate and AA, I figur...
by goodenyou
Thu Apr 05, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 2471

Re: medical practice reimbursement issues

Because your friend is paid on his collections, he should have the ability to see "charges, payments, adjustments, Insurance AR, patient AR, over 90 day AR (what isn't being paid after appeal), payer mix (make sure he isn't getting stuck with all Medicaid patients or lower reimbursing plans), and t...
by goodenyou
Wed Apr 04, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9022

Re: How Do You Value Your Home for Net Worth Purposes?

It appears that those who dismiss home equity in their net worth believe that the value of home equity is not actionable. That is, decisions on creating cash flow for retirement spending is independent of their home value. Decisions on delaying retirement may be based on removing the expense of a mo...
by goodenyou
Tue Apr 03, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 8977

Re: William Bernstein: Retirement Investing and Spending in two easy steps

The “stop playing” meme came from an article I wrote for the WSJ a few years back. They only gave me 800 words, and that doesn’t leave a lot of room for nuance or detail. If they’d have given me 5,000 words, here’s what I’d have added: 1) All-TIPS is for the part of your portfolio that you need to ...
by goodenyou
Thu Mar 29, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9022

Re: How Do You Value Your Home for Net Worth Purposes?

This topic bubbles up every few months. I have paid off my home, and while I include it it my net worth for accounting purposes, I do not include the value of my home for decisions on retirement and spending. I am only interested in investible assets that are liquid (or somewhat liquid). I don't inc...
by goodenyou
Tue Mar 27, 2018 6:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6393
Views: 1371947

Re: U.S. stocks in freefall

What will the stock market do?

"It will fluctuate".

J.P. Morgan
by goodenyou
Sun Mar 25, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 9227

Re: I’m looking for a word...

Lemming Effect

Dutch Tulip Effect

Guys like Thaler or Ariely may have one.
by goodenyou
Sun Mar 25, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 301
Views: 60716

Re: Physician Retirement Savings

OP you are off to a good start. Just keep at it. I will pose (as a physician) a question more IMPORTANT then hitting your number and that is what will you do when you hit the number at such an early age? Your kids will be in school full time and young enough you can't just leave them at home and fl...
by goodenyou
Sat Mar 24, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 9227

Re: I’m looking for a word...

“Sell When the Taxicab Drivers and Strippers are Talking About the Stock Market Effect”
by goodenyou
Thu Mar 22, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Which VG Short Term Bond???
Replies: 7
Views: 900

Re: Which VG Short Term Bond???

Where's the cash? Taxable or Tax-Privileged? Short Term Tax-Free? Depending on your tax-bracket, it could be more significant. However, the numbers are so low (1.6-2.5%)that it may be inconsequential if it isn't a large amount of money.
by goodenyou
Wed Mar 14, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should a recent college grad look for a job in the Bay Area or Texas?
Replies: 39
Views: 2671

Re: Should a recent college grad look for a job in the Bay Area or Texas?

Short answer: The salary will be higher in the Bay Area, but that may not translate to a better standard of living. The cost of living is insane in the Bay Area. This is incorrect. Many of the salaries and income opportunities in medicine will be much higher in Texas. Geographic arbitrage is alive ...
by goodenyou
Tue Mar 13, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 301
Views: 60716

Re: Physician Retirement Savings

Just make sure you have a lot of life and disability insurance. I have seen my high-flying colleagues end up in disaster with disability and/or their families in a world of hurt after unexpected death. It really does happen.
by goodenyou
Mon Mar 12, 2018 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation once you've passed your "number"
Replies: 41
Views: 3530

Re: Asset Allocation once you've passed your "number"

I don't think I will change my AA. I think that the probability of failure just goes down as the total number gets bigger (and larger than my "number"). I am 60/30/10 (S/B/C). That percentage breakdown of an even larger number just further reduces risk of failure, but having that AA allows for a sig...
by goodenyou
Mon Mar 12, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: College costs not covered by 529
Replies: 30
Views: 2391

Re: College costs not covered by 529

I found out the hard way that costs in EXCESS of published cost of attendance costs were not 529 qualified expenses. This became an issue when apartment costs in a HCOL area and food costs far exceeded the pubished dorm fees with board. I had to reimburse myself the costs from the 529 that were far ...
by goodenyou
Mon Mar 12, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Alternative to bond funds?
Replies: 32
Views: 3688

Re: Alternative to bond funds?

My wife and I currently have about 20% of our holdings in VBIRX (Vanguard Short-Term Bond Index Fund Admiral Shares.) This fund has a negative yield YTD, and this is also the case with many other bond funds. Any recommendations for suitable alternatives? Thanks! I'd recommend learning more about bo...
by goodenyou
Wed Mar 07, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Stock/Bond fund ratio?
Replies: 11
Views: 1055

Re: Stock/Bond fund ratio?

I agree 25% might be a good estimate, but please be aware this sort of "calculation" is subject to some uncertainty. When you look at the models that produce this estimate success rates tend to fall off a cliff as stock allocation is reduced. I'm not sure you want to plan on being on the edge of a ...
by goodenyou
Sat Mar 03, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: Is Now the Time to Reduce Bond Duration?
Replies: 41
Views: 4381

Re: Is Now the Time to Reduce Bond Duration?

With the expectation of interest rate increases, it it time to reduce duration to preserve NAV of bond funds? I realize the yield will increase with rising interest rates, but the value will decrease. Does the decision rest on the need for liquidity only? Is the sweet spot still intermediate durati...
by goodenyou
Sat Mar 03, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Active Fails In Fixed Income
Replies: 25
Views: 2809

Re: Larry Swedroe: Active Fails In Fixed Income

Hmmm. Vanguard's Tax-Exempt bond funds are actively managed and low cost. Do we really want to index (presumably by random sampling from the very large universe) muni bond investments? Reminds me of a doctor friend who bought individual munis, including some linked to a hospital in New Orleans. Whe...
by goodenyou
Sat Mar 03, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: Is Now the Time to Reduce Bond Duration?
Replies: 41
Views: 4381

Is Now the Time to Reduce Bond Duration?

With the expectation of interest rate increases, it it time to reduce duration to preserve NAV of bond funds? I realize the yield will increase with rising interest rates, but the value will decrease. Does the decision rest on the need for liquidity only? Is the sweet spot still intermediate duratio...
by goodenyou
Mon Feb 26, 2018 10:02 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett Dislikes Bonds
Replies: 57
Views: 6762

Re: Warren Buffett Dislikes Bonds

Big talk for a guy whose company is sitting on $100 billion in cash. :D Cash is a different asset class altogether from bonds. It may be a debt security but it behaves a lot differently than even an intermediate term bond. Especially if you add the credit exposure of money market funds to it, there...
by goodenyou
Mon Feb 26, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: It's Official - We're Done
Replies: 51
Views: 11880

Re: It's Official - We're Done

How do we know he/she hasn’t gone back to work?
by goodenyou
Sat Feb 24, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay partners for working your call
Replies: 59
Views: 3842

Re: How to pay partners for working your call

gasdoc I'm curious how the national company comes in? Do they come to your group and make a friendly offer? Or go to the hospital for the contract, and then come to you? Sometimes the offers are friendly, but often they are not. These groups own the vast majority of the EM market and soon radiology...
by goodenyou
Sat Feb 24, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay partners for working your call
Replies: 59
Views: 3842

Re: How to pay partners for working your call

Just cut a check on Monday morning. The one taking the call takes more income (call cost) and pays the extra taxes as income. The one paying expenses it and deducts it. More W-2 for the call-taker. Less W-2 for the call-avoider. We own our own practice, so it's easy. Goodenyou, please elaborate. It...
by goodenyou
Fri Feb 23, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay partners for working your call
Replies: 59
Views: 3842

Re: How to pay partners for working your call

Just cut a check on Monday morning. The one taking the call takes more income (call cost) and pays the extra taxes as income. The one paying expenses it and deducts it. More W-2 for the call-taker. Less W-2 for the call-avoider. We own our own practice, so it's easy. Goodenyou, please elaborate. It...
by goodenyou
Thu Feb 22, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay partners for working your call
Replies: 59
Views: 3842

Re: How to pay partners for working your call

Just cut a check on Monday morning. The one taking the call takes more income (call cost) and pays the extra taxes as income. The one paying expenses it and deducts it. More W-2 for the call-taker. Less W-2 for the call-avoider. We own our own practice, so it's easy.
by goodenyou
Tue Feb 20, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Connecticut is charging sales tax on out of state purchases
Replies: 40
Views: 2771

Re: Connecticut is charging sales tax on out of state purchases

If you purchase gas in a different state, do you need to forward the difference in taxes to your home state? Do you get a credit if it is lower? I never underestimate the voracious appetite for tax revenue. This is a bad idea, Actually, I think long haul truckers actually have to do that. They have...
by goodenyou
Tue Feb 20, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Connecticut is charging sales tax on out of state purchases
Replies: 40
Views: 2771

Re: Connecticut is charging sales tax on out of state purchases

If you purchase gas in a different state, do you need to forward the difference in taxes to your home state? Do you get a credit if it is lower? I never underestimate the voracious appetite for tax revenue.

This is a bad idea,
by goodenyou
Tue Feb 20, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 105
Views: 10144

Re: What's your cash position

About 60/30/10 (S/B/C). So 10% cash. I have liquidity needs that allow for me to negotiate with strength on business deals. I also want to build a new house fairly soon.
by goodenyou
Wed Feb 07, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 169
Views: 15295

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: 9790

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: 9790

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: 9790

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: 105
Views: 10144

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: 9790

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: 9790

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: 58303

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: 297

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: 8060

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: 5515

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: 5515

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: 6393
Views: 1371947

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: 1415

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...