Search found 1284 matches

by rai
Thu Mar 12, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Anyone thinking there will be a run on the banks?
Replies: 23
Views: 1640

Re: Anyone thinking there will be a run on the banks?

My friend just told me store shelves are empty and my wife at Costco said the line was like 50 deep.
by rai
Thu Mar 12, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Anyone thinking there will be a run on the banks?
Replies: 23
Views: 1640

Re: Anyone thinking there will be a run on the banks?

You’ll see in my post I said I don’t envision CC will stop working. But more like people will worry leading them to withdraw money which could turn into more people also going to the bank to get more cash. I don’t think CC will stop just that people might be worried about the next shoe to drop want ...
by rai
Thu Mar 12, 2020 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Anyone thinking there will be a run on the banks?
Replies: 23
Views: 1640

Anyone thinking there will be a run on the banks?

I don’t want to start that but my brother in law who’s in Finance (left Bear Stern before the financial crisis) said it wouldn’t be the worst idea to have cash on hand in case credit cards stop working. I can’t envision that credit cards would stop working but I can see the idea that people might th...
by rai
Thu Mar 05, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing for a new job (Anesthesiologists) any tips etc.
Replies: 24
Views: 2931

Re: Interviewing for a new job (Anesthesiologists) any tips etc.

I think your story reflects the state of the business of medicine in the US today. Across all specialties and in all sorts of communities. The best thing you have accomplished is to work out a plan for exiting the profession. Sadly. I guess it's becoming a business in a lot of ways with corporation...
by rai
Wed Mar 04, 2020 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing for a new job (Anesthesiologists) any tips etc.
Replies: 24
Views: 2931

Re: Interviewing for a new job (Anesthesiologists) any tips etc.

:sharebeer Is your hourly rate going down. I understand that there is a nation wide shortage of anesthesiologists. If your hourly rate is going down hopefully it is still >80% of the prior hourly rate and assuming they like you, you may have an opportunity to negotiate the hourly rate at the 1 year ...
by rai
Wed Mar 04, 2020 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing for a new job (Anesthesiologists) any tips etc.
Replies: 24
Views: 2931

Re: Interviewing for a new job (Anesthesiologists) any tips etc.

It's a step back as far as pay but also will be working less. I am just still a tiny bit apprehensive because it's a new system and meeting 100 new co-workers which is something I am not crazy about. Basically this will be sorta semi retirement for me, not really retirement in any way except that I ...
by rai
Wed Mar 04, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing for a new job (Anesthesiologists) any tips etc.
Replies: 24
Views: 2931

Re: Interviewing for a new job (Anesthesiologists) any tips etc.

Hello, update time. I went on the interview and got the job, it was fairly benign although I was somewhat stressed going into the interview just because it's a job interview. The end result was more of a look around and then this: "Do you want to hire me?" yes. "Do you want the job?" hell yes. :shar...
by rai
Wed Mar 04, 2020 8:10 am
Forum: Investing - Theory, News & General
Topic: Bond funds - are they really safe?
Replies: 31
Views: 2707

Re: Bond funds - are they really safe?

You really should read about bonds and bond funds to get a feel about what and why and how. They are way different than stocks. Here is a little book https://www.amazon.com/gp/aw/d/B00PL7WS16/ref=tmm_kin_title_0?ie=UTF8&qid=&sr= Anyway bond funds value do fluctuate but most people don’t sell all bon...
by rai
Tue Mar 03, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Central Florida (orlando suburb) Real estate question
Replies: 1
Views: 234

Central Florida (orlando suburb) Real estate question

I realize the real estate mantra is Location, location, location. I am looking at 3 homes which are in Central Florida. Sorrento (kind of in the middle of nowhere). Lake Mary (a bit out there but a more established area). Windimere (this is the prime location). Sorrento and Lake Mary that are 50% le...
by rai
Thu Feb 27, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing for a new job (Anesthesiologists) any tips etc.
Replies: 24
Views: 2931

Re: Interviewing for a new job (Anesthesiologists) any tips etc.

Student2 wrote:
Wed Feb 26, 2020 10:22 pm
You might also consider posting this question @ https://www.whitecoatinvestor.com/
Good idea.

Thanks for the replies all.
by rai
Wed Feb 26, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing for a new job (Anesthesiologists) any tips etc.
Replies: 24
Views: 2931

Re: Interviewing for a new job (Anesthesiologists) any tips etc.

BolderBoy wrote:
Wed Feb 26, 2020 5:23 pm
Are there CRNAs and/or PAs in the group? Is it a supervision or medical direction model? Are you okay with either situation?
all CRNAs and 4:1 medical direction.
by rai
Wed Feb 26, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing for a new job (Anesthesiologists) any tips etc.
Replies: 24
Views: 2931

Re: Interviewing for a new job (Anesthesiologists) any tips etc.

thanks, to the above posts. My references will be great, the reason why I'm leaving is quite natural (relocation to a warmer area where we already have a second home). As for the job it's a set pay you'd call it hourly salary. The contact said to me that they'd like someone to work 4 or 3 days (30/4...
by rai
Wed Feb 26, 2020 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing for a new job (Anesthesiologists) any tips etc.
Replies: 24
Views: 2931

Interviewing for a new job (Anesthesiologists) any tips etc.

I’ve been at my current job 23 years great group but we always wanted to move to Florida when we got older and we already have a second house near Orlando. Our daughter will graduate from college and has a job in Orlando. Wife and I have decided to relocate to Florida and get jobs there but with les...
by rai
Tue Feb 18, 2020 5:49 pm
Forum: Investing - Theory, News & General
Topic: 4% SWR: It is not a rule and it is not safe (anymore).
Replies: 273
Views: 18841

Re: 4% SWR: It is not a rule and it is not safe (anymore).

Too bad you can’t adjust your spending rate to respond to market performance. I didn’t realize that once you program “4.00%” into the SWR generator it was going to spit out the same amount every year, rain or shine. I feel so hopeless now. :( Exactly. Because look at FireCalc you’ll find a bunch of...
by rai
Fri Feb 14, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of making a leap to partial retirement.
Replies: 22
Views: 2155

Re: Thinking of making a leap to partial retirement.

Our retirement savings is large but psychologically moving from super saver to a spender is hard to wrap my head around. Are you really going to become net "spenders"? Or will your reduced income cover your basic expenses, leaving your savings/investments to grow? Probably live off the interest/div...
by rai
Fri Feb 14, 2020 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of making a leap to partial retirement.
Replies: 22
Views: 2155

Re: Thinking of making a leap to partial retirement.

JoeRetire wrote:
Fri Feb 14, 2020 11:54 am
rai wrote:
Fri Feb 14, 2020 8:41 am
I figure if we work part time, our taxes will go down
And if you don't work at all, your taxes will go way down!

So other than avoiding taxes and BS, is there something you want to do with your time?
See my post above
by rai
Fri Feb 14, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of making a leap to partial retirement.
Replies: 22
Views: 2155

Re: Thinking of making a leap to partial retirement.

Our retirement savings is large but psychologically moving from super saver to a spender is hard to wrap my head around. I think your plan is good, too. Moving to a locums situation on your terms will ease a lot of the toxic workplace issues. I semi-retired in 2011 with some locums availability pro...
by rai
Fri Feb 14, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of making a leap to partial retirement.
Replies: 22
Views: 2155

Re: Thinking of making a leap to partial retirement.

One thing I’m greatly looking forward to is paying less taxes. I don’t mind paying taxes that’s fine but with no deductions and highest tax bracket and state income taxes it’s like working 4+ months to pay my tax bill since i now have a good amount of investment income as well as work income. Figure...
by rai
Fri Feb 14, 2020 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of making a leap to partial retirement.
Replies: 22
Views: 2155

Re: Thinking of making a leap to partial retirement.

So what will you do with your new free time? 1) read more. I have a 1000 book collection that I’m only 20% through. 2) may write something short story etc. 3) take some college courses 4) travel 5) exercise more 6) I have a pinball collection which I’d love to spend more time playing 7) maybe take ...
by rai
Fri Feb 14, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of making a leap to partial retirement.
Replies: 22
Views: 2155

Re: Thinking of making a leap to partial retirement.

Our retirement savings is large but psychologically moving from super saver to a spender is hard to wrap my head around.
by rai
Fri Feb 14, 2020 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of making a leap to partial retirement.
Replies: 22
Views: 2155

Thinking of making a leap to partial retirement.

I’m not expecting anyone to talk me into or out of this but maybe just a few words of advice on moving on or semi retirement. Married 2 physician household, kids are in college but paid for, have already paid private HS and private college full price so after getting that expenses done with was 20% ...
by rai
Mon Feb 10, 2020 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 968
Views: 132265

Re: How much money do you want to retire?

I am not saying need this much but if I had this much I'd retire today.

$7.2M would give off at 2% (say dividends/interest) $144K/year which is $12K a month.
by rai
Mon Feb 10, 2020 9:10 am
Forum: Personal Investments
Topic: Sequence of returns risk better to pay off mortgage or keep assets invested?
Replies: 25
Views: 1947

Re: Sequence of returns risk better to pay off mortgage or keep assets invested?

***Nobody answers the real question.. Where is the break-even point? I guess there are no studies/backtesting about it. Having fixed expenses in retirement adds some extra risk. But if the cap rate is much higher than the interest rate of your mortgage, you may come ahead. Or, for instance, if your...
by rai
Mon Feb 10, 2020 8:54 am
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 262
Views: 19260

Re: What is your most luxury/expansive hobby.

Off shore tuna Fishing: Boat one time purchase: $150k fishing gear one time purchase:15K Insurance & Tow US $1,500 per year Boat maintenance : $1,500 per year Gas, ice & live bait per trip: $600 X12 trips= $7,200 per year charter boat(2.5 day trip): $800 x3=$2,400 per year charter 1-10 day trip: 1x...
by rai
Mon Feb 10, 2020 8:47 am
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 262
Views: 19260

Re: What is your most luxury/expensive hobby.

I collect pinball machines. The price of a pinball machine can be as low as free to as high as $12K (not counting super rare collectible pins which can go for a lot more). I’m concentrated on pins in the $6-7K price range and have 13 of them. Not just the price of the machines which is typically wha...
by rai
Mon Feb 10, 2020 8:10 am
Forum: Personal Investments
Topic: Sequence of returns risk better to pay off mortgage or keep assets invested?
Replies: 25
Views: 1947

Re: Sequence of returns risk better to pay off mortgage or keep assets invested?

Rough numbers here you go. $3M taxable $3M tax shelter Home Equity $600k primary home $150K second home. Cash $100K (not counted in above assets) Projected home $1.1M - $1.4M Age 54/53 Assume near maximum SS at age 70 estimated $80K today’s dollars unless there is a reckoning which would reduce SS b...
by rai
Mon Feb 10, 2020 8:05 am
Forum: Personal Investments
Topic: Sequence of returns risk better to pay off mortgage or keep assets invested?
Replies: 25
Views: 1947

Re: Sequence of returns risk better to pay off mortgage or keep assets invested?

Would be useful to have more info to address the question. If, in addition to selling your other houses, you have to withdraw $500K from taxable account to buy the dream house and you’re in the 23.8% capital gains bracket that’s $119K in taxes. I will retire/move to Florida so no longer a tax state...
by rai
Sun Feb 09, 2020 1:23 pm
Forum: Investing - Theory, News & General
Topic: 30/70 is as good as 60/40
Replies: 110
Views: 8001

Re: 30/70 is as good as 60/40

I think almost nobody is treating 4% for 30 years as a reasonable approach these days, regardless of your choice of ratio. I think (speaking for myself) that 4% is a misnomer (because) when age 70 hits the SS payments will cover 30-40% of spending. maybe 4.3% at age 60 throttle down 3.3% at age 70 ...
by rai
Sun Feb 09, 2020 1:10 pm
Forum: Investing - Theory, News & General
Topic: 30/70 is as good as 60/40
Replies: 110
Views: 8001

Re: 30/70 is as good as 60/40

I think the 'same result' is defined by same rate of failure, as in 9-10% failure. But the average portfolio over all outcomes would be higher with the higher stock allocation. IOW the bond heavy portfolio is a lot of swinging for singles and the stocks are more swinging for the fences. Maybe the 3 ...
by rai
Fri Feb 07, 2020 4:01 pm
Forum: Personal Investments
Topic: Sequence of returns risk better to pay off mortgage or keep assets invested?
Replies: 25
Views: 1947

Re: Sequence of returns risk better to pay off mortgage or keep assets invested?

Both houses would not pay for the one house. If the two houses would pay for the one I would not have made this post. I was asking if the sequence of risk made it better to sell my stocks and pay for house or take a mortgage. Selling stock to fully pay off the house, is taking away money form stocks...
by rai
Fri Feb 07, 2020 1:20 pm
Forum: Personal Investments
Topic: Sequence of returns risk better to pay off mortgage or keep assets invested?
Replies: 25
Views: 1947

Re: Sequence of returns risk better to pay off mortgage or keep assets invested?

you can get a mortgage based on assets. I am not sure how much it is different than W2. I mean that I know W2 income is good to have but if I have assets that I can pay cash for a house it should not be hard to get a mortgage.
by rai
Fri Feb 07, 2020 12:20 pm
Forum: Personal Investments
Topic: Sequence of returns risk better to pay off mortgage or keep assets invested?
Replies: 25
Views: 1947

Re: Sequence of returns risk better to pay off mortgage or keep assets invested?

Thanks for the reply, I’m not sure about the taxes yet. Was something that I thought would deal with as it happens (mean I’ll fill up my lower tax brackets and decide how much I can Roth my tax shelter money). I’m at 50/50 taxable/shelter assets I’ll live off taxable and roll over tax shelter to Rot...
by rai
Fri Feb 07, 2020 11:36 am
Forum: Personal Investments
Topic: Sequence of returns risk better to pay off mortgage or keep assets invested?
Replies: 25
Views: 1947

Sequence of returns risk better to pay off mortgage or keep assets invested?

Regarding sequence of return risk. If I was retired would it be better to sell assets and pay for house free and clear or take a mortgage? We are moving to a new location but buying a more expensive house (dream house). Our current house is paid off we have a second vacation house with a small mortg...
by rai
Thu Feb 06, 2020 4:32 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1121
Views: 97097

Re: Well, I am market timing... Wish me luck.

Market timing at its funniest.
by rai
Wed Jan 29, 2020 9:00 am
Forum: Personal Consumer Issues
Topic: I have a question for those in early FIRE or planning on early FIRE
Replies: 81
Views: 8283

Re: I have a question for those in early FIRE or planning on early FIRE

All my life I’ve been collecting books and they’re a lot easier to buy a dozen books than to read them. So every year I might’ve bought 20 or more books and might have only read 6 that year. So hopefully will have time to read them, also I collect pinball machines and have a dozen now and I play the...
by rai
Tue Jan 28, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: $3 million the new rule of thumb?
Replies: 653
Views: 50682

Re: $3 million the new rule of thumb?

my co-workers asked me what I thought would be a number to retire (we're both in our mid/late 50s) her husband is 60-something two physician marriage (practicing 25+ years) kids out of college. I didn't want to scare her so I said probably $4M (safe no cutbacks on spending) she thought that was a la...
by rai
Sun Jan 26, 2020 10:55 am
Forum: Personal Investments
Topic: Should I contribute to non deductible IRA?
Replies: 3
Views: 223

Should I contribute to non deductible IRA?

here's my background/question. married 54/53 years old with around $4M in assets with equal split between tax shelter and taxable accounts, we are in the highest federal tax bracket (plus Medicare surtax on dividends and capital gains). Also in a 8% state tax and will retire to 0% state tax in 3.3 y...
by rai
Sat Jan 25, 2020 10:24 am
Forum: Investing - Theory, News & General
Topic: Concerned about Total Bond Mkt duration increase?
Replies: 39
Views: 5414

Re: Concerned about Total Bond Mkt duration increase?

Does it matter that much if bond NAV price goes down to rate change if I am holding for a long term (I'm 54 years old) so assuming to be holding them for the next 30-40 years won't all the bonds be replaced with new bonds over the next so many years and if the average duration is 6-7-8 years does It...
by rai
Sun Jan 19, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Proposed new Required Minimum Distribution (RMD) wiki page
Replies: 80
Views: 5126

Re: Proposed update to Non-Deductible IRA wiki article

Does the pro rata rule (for non taxable IRA) effect me when I retire and convert my IRAs into Roth IRA?

I was looking at this
https://www.forbes.com/sites/ashleaebel ... 8e816855ad

would I do best to roll in the IRA to my 401K if possible?
by rai
Thu Dec 12, 2019 3:26 pm
Forum: Personal Investments
Topic: Taking Social Security at 62 and Investing It
Replies: 54
Views: 4538

Re: Taking Social Security at 62 and Investing It

I’d do 100% the opposite.

You’re increasing your earned income and hurting your Roth conversion taxes.
by rai
Fri Dec 06, 2019 8:44 am
Forum: Investing - Theory, News & General
Topic: Does it matter that much which bond funds you own?
Replies: 22
Views: 1885

Re: Does it matter that much which bond funds you own?

Simplicity is important why? I’m not trying to be argumentative but some people buy all these funds as evidence by their net assets. No one can say if one is going to perform better than the other. What’s the benefit of simplicity? Or what is the harm of buying a few since it only takes a few click...
by rai
Thu Dec 05, 2019 7:55 pm
Forum: Investing - Theory, News & General
Topic: Does it matter that much which bond funds you own?
Replies: 22
Views: 1885

Re: Does it matter that much which bond funds you own?

I think simplicity is really important when managing investments. I'd probably go with VCIT or BND only. Simplicity is important why? I’m not trying to be argumentative but some people buy all these funds as evidence by their net assets. No one can say if one is going to perform better than the oth...
by rai
Thu Dec 05, 2019 7:52 pm
Forum: Investing - Theory, News & General
Topic: Does it matter that much which bond funds you own?
Replies: 22
Views: 1885

Re: Does it matter that much which bond funds you own?

MotoTrojan wrote:
Thu Dec 05, 2019 7:36 pm
especially if you exclude the corporate one.
You view corporate bonds as bad? I can see they’re more volatile but they also give more interest which is something we like about bonds.
by rai
Thu Dec 05, 2019 7:28 pm
Forum: Investing - Theory, News & General
Topic: Does it matter that much which bond funds you own?
Replies: 22
Views: 1885

Does it matter that much which bond funds you own?

I’m sure people say just have BND and don’t stress. However no one knows if BND will be better than xyz bond fund is there anything wrong with having 4-5 different bond funds(ETFs) like BIV (intermediate term bond etf) VGIT (intermediate treasury) BND (total bond) VCIT (intermediate corporate) BSV (...
by rai
Thu Dec 05, 2019 8:39 am
Forum: Investing - Theory, News & General
Topic: [Dow] dropped 250 points today?
Replies: 105
Views: 8994

Re: [Dow] dropped 250 points today?

Back in 1987 the Dow dropped 22.7% in one day if that happened today it would be a 6300 point drop.
by rai
Sun Dec 01, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Why I love banks
Replies: 79
Views: 10329

Re: Why I love banks

I use E-Trade checking account, free checking etc..
by rai
Sun Dec 01, 2019 10:20 pm
Forum: Personal Investments
Topic: Not choosing Vanguard for kid's Roths due to minimums?
Replies: 32
Views: 2008

Re: Not choosing Vanguard for kid's Roths due to minimums?

yes you can buy Vanguard ETFs in a Roth IRA, you can buy stocks and probably trade options too if you wanted.


My Daughter set up 100% VTI. We set up with electronic delivery and there are no fees although she did deposit $6000 (no fees whatsoever to trade Vanguard ETFs or hold the account open).
by rai
Sat Nov 30, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: my annual financial checkup: what a kooky year
Replies: 12
Views: 1910

Re: my annual financial checkup: what a kooky year

I don't consider investment gains as Income unless you have sold and capital gains to pay. Just my 2c. I look at what you have to pay taxes on as income (maybe I'm wrong) so if I have dividends and cap gains in taxable that's part of my income but I don't consider dividends in tax shelter or stock i...
by rai
Tue Nov 26, 2019 6:45 pm
Forum: Personal Consumer Issues
Topic: Honda Lane keep assist
Replies: 94
Views: 6164

Re: Honda Lane keep assist

We just got a new Hyundai Santa Fe. The old Santa Fe just warned when you got out of line, this one gently adjusts the steering. I don’t find it harsh or intrusive you can easily overcome or push past the slight feel. I like this, not intrusive at all. I think other makes are more bothersome. I’ve n...