Search found 1037 matches

by awval999
Sat May 05, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Can We Move To Oahu ?
Replies: 17
Views: 2883

Re: Can We Move To Oahu ?

Yes of course you have enough.

$100k/year in pension.

$1M house+furniture in cash.

$2.2M remaining. At 4% that’s another $80k/year.

So yes, you can live in Oahu with no debt and $180k/year in spending.
by awval999
Sat May 05, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: What do you pay baby sitters?
Replies: 53
Views: 5041

Re: What do you pay baby sitters?

Tell the babysitter/nanny they’ll be getting a w2 and they will walk away.
by awval999
Tue Apr 10, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Plan
Replies: 41
Views: 1679

Re: Student Loan Repayment Plan

He should stay on REPAYE until you two are married. If/when you two are married, then I would just live on just your income and have every dollar of his income go to the student loan. Refinance (you would have to co-sign, and I would recommend a post-nupital agreement) privately for ~4%% interest ra...
by awval999
Sat Mar 31, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Personal Loan vs. Current Credit Card vs. New Credit Card
Replies: 9
Views: 725

Re: Personal Loan vs. Current Credit Card vs. New Credit Card

15% APR is only like 1.25% interest per month.

So if you charge $5000 in a month, and don't pay it off for 3 months you're only going to pay $63/month in interest until you pay it off.

That's chump change and I wouldn't worry about it past that. Enjoy your summer.
by awval999
Sat Mar 24, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Miami in early April
Replies: 4
Views: 343

Re: Miami in early April

Early April is hit or miss. We've been to Miami twice this time period last two years due to this is our anniversary week.

We went in 2016 and it was great. Ocean warm. Sunshine.
We went in 2017 and it was good. Several mostly cloudy days. Ocean wasn't easy to get into.
by awval999
Fri Mar 23, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why can you "spend more" if you buy SPIA?
Replies: 12
Views: 1170

Re: Why can you "spend more" if you buy SPIA?

These are just made up numbers... but it's like this. $1,000,000 = $40,000/year via 4% rule, 50% of the time you end up with $2,000,000 at death 30% of the time you end up with $1,000,000 at death 10% of the time you end up with $500,000 at death 10% of the time you tread near zero near the end, hav...
by awval999
Fri Mar 23, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Why can you "spend more" if you buy SPIA?
Replies: 12
Views: 1170

Re: Why can you "spend more" if you buy SPIA?

Because the SPIA exhausts your retirement account. There is nothing left when you die. When you use the 4% rule, in the majority of cases, you "die" with more than you started with, sometimes with less, and a few you end with very little left. In an SPIA the insurance company pays you more than the ...
by awval999
Wed Mar 07, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I "get divorced" for tax purposes (PSLF)
Replies: 57
Views: 3925

Re: Should I "get divorced" for tax purposes (PSLF)

For better, for worse, for richer, for poorer , in sickness and in health. How do you think this sounds to your wife, the teacher? Even if she says she supports this decision... she has been with you through pharmacy school and two years of difficult residency, long hours, when you've made almost no...
by awval999
Sat Mar 03, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to short the equity market
Replies: 93
Views: 5227

Re: Best way to short the equity market

Shorting SPY won't bankrupt you. It's SPY. You can always get out.

What ruins lives is naked shorting (on margin no less) biotechs or something similar that can quickly gap up 2, 3 or 5 fold at any time.
by awval999
Sat Mar 03, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: AmEx Delta Gold is now Honoring Bonus
Replies: 86
Views: 6860

Re: AmEx Delta Gold Not Honoring Bonus

The customer support person doesn't know for sure, but says I applied for the card a couple of years ago, which I did . I had the card a couple of months. I didn't get a miles bonus then. Moreover, there's nothing in the language of the application or terms/conditions that states you can't apply ag...
by awval999
Mon Feb 12, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Lower Payroll Withholding - What are you doing with it?
Replies: 32
Views: 2469

Re: Lower Payroll Withholding - What are you doing with it?

Increasing amount into student loans.

Goal: Finish by December!
by awval999
Wed Feb 07, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: How to short TSLA?
Replies: 50
Views: 2891

Re: How to short TSLA?

JC565 wrote:
Wed Feb 07, 2018 9:43 pm
acanthurus wrote:
Wed Feb 07, 2018 8:51 pm
I'd probably buy deep in the money puts. No margin account required but you will need a lower level options account.
Doesnt that assume the stock will increase? The 2 examples i Found online both profited on rising stock.
That's a "call" option.

Call option is LONG
Put option is SHORT
by awval999
Mon Feb 05, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1406548

Re: U.S. stocks in freefall

I mean it's just LOL hilarious. We are back at January 1st 2018 levels of valuation.

Stocks go up. Stocks go down. We have more to fall I'm sure. But 10 years, 20 years from now, this is just a blip.
by awval999
Mon Feb 05, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1406548

Re: U.S. stocks in freefall

selters wrote:
Mon Feb 05, 2018 3:25 pm
Today will be the worst day ever for the Dow Jones index: https://en.wikipedia.org/wiki/List_of_l ... al_Average

But is it a really bad day?
But it isn't the worst day ever.
by awval999
Sat Dec 30, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 6406

Re: What is your threshold for paying down debt?

Yes, debt can be good. In college I took out student loans to earn my professional degree so I can make >$100k. When I graduated I bought a car and took out a car loan so I could get to work in a reliable car to make that $100k. But here's what I noticed in my adulthood.... People use the excuse of ...
by awval999
Wed Dec 27, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Should I continue paying off debt like I did in 2017?
Replies: 7
Views: 1711

Re: Should I continue paying off debt like I did in 2017?

It appears if you'd be debt free by the end of the year if you paid off an equal amount of debt as you did last year. I'd just race toward the finish line. You can look back and say, yes, I should of put my money in equities, but you just don't know. Stock market goes up, stock market goes down. But...
by awval999
Thu Dec 07, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 7388

Re: Mortgage as percentage of take-home pay

KlangFool---

Is rapid mortgage payoff (10 years instead of 30 years) considered savings?
by awval999
Wed Dec 06, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 7388

Re: Mortgage as percentage of take-home pay

Question for the board... Does the answer change if the mortgage is: 30 years? 15 years? 10 years? Is the shorter term more of a "forced savings"? Example. Boglehead Joe has a 30 year mortgage at 25% of take-home pay. Boglehead Jane has a 10 year mortgage at 34% of take-home pay. Who's the better bo...
by awval999
Sat Dec 02, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 5846

Re: How do I convince my employees to invest more?

Feel free to increase the match. Or have an investment rep (whatever provider you use) come in for an optional educational session.

But at the end of the day. It’s their money. They earned it. You cannot control what they do with it.

You can’t do much more than that.
by awval999
Sat Nov 11, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Rapidly pay down student loans prior to house?
Replies: 24
Views: 1931

Re: Rapidly pay down student loans prior to house?

117,000$ in student loans at 7.2% is just so outrageous I just would pay them off immediately. Have you considered that? You already have a $30k emergency fund and are living with parents. So I really don’t know what an emergency would be anyway. I would then start saving for the next 2-3 years for ...
by awval999
Thu Nov 02, 2017 6:47 am
Forum: Investing - Help with Personal Investments
Topic: what % return do you use?
Replies: 62
Views: 5003

Re: what % return do you use?

I have it ran with 2 projections:
1. 4% real
AND
2. 5% real
by awval999
Sun Oct 29, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: Breaking point to get a new to newish car
Replies: 59
Views: 3973

Re: Breaking point to get a new to newish car

The breaking point for me, is that the car is done the moment it would leave me stranded on the highway (obviously blown tire excepted). You have a fancy BWM 335. So yes, it's going to need expensive servicing. However, a brand new 335 is what, $50k? So $1-2k here and there is nothing in the grand s...
by awval999
Wed Oct 25, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Financing with no Credit Score
Replies: 30
Views: 1957

Re: Mortgage Financing with no Credit Score

You are being denied for credit cards because your credit reports are frozen.
by awval999
Sat Oct 21, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 5954

Re: Paying for medical school for son?

He is not an only son. I also have a daughter who is three years younger. She has also expressed an interest in medical school. My intent has always been to help them get through school and start their careers debt free. What got me thinking about this is reading examples where massive medical scho...
by awval999
Wed Oct 18, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Is a doctor's practice one of the safest and most profitable businesses?
Replies: 58
Views: 4529

Re: Is a doctor's practice one of the safest and most profitable businesses?

Oh man. Can't wait for the responses on this. "So for doctors, high/constant demand (no matter the economic climate) + high payments from insurance companies per visit/procedure + high margin = one of the safest and most profitable businesses? Am I missing anything else here?" Just for starters, thi...
by awval999
Sun Oct 15, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 1
Views: 283

Re: Life Insurance

Don’t forget to account for Social Security survivors benefits.

You may find you don’t need the additional insurance.
by awval999
Thu Oct 12, 2017 7:12 am
Forum: Personal Consumer Issues
Topic: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)
Replies: 53
Views: 4473

Re: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)

It appears you're a points hacker, so I'm going to tailor the recommendations that way. Let's start with Oahu. You asked for a contrast with Kauai. And Oahu it is. I personally love Oahu. I love the hustle and bustle of Waikiki. I love the fact that there is a Category 3 (12,000 pt/nt) Hyatt Place. ...
by awval999
Tue Oct 10, 2017 6:38 am
Forum: Personal Finance (Not Investing)
Topic: 401k Loan and Employer Match
Replies: 6
Views: 690

Re: 401k Loan and Employer Match

I have a 403b loan through Fidelity.

My plan allows a direct debit through my checking account (instead of withheld by paycheck).

I'm sorry about your family's medical issues. I hope everything turns out ok!
by awval999
Sat Oct 07, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment- Is refinancing a good option?
Replies: 2
Views: 365

Re: Student Loan Repayment- Is refinancing a good option?

Pharmacist here.

Nice story.

Down to my last 15 payments.

Cannot wait for this struggle to be over.

(You need to remove your referral links tho)
by awval999
Tue Oct 03, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 56
Views: 5626

Re: Soliciting personal recommendations for a Barcelona trip

We're days away from going. The news is not indicative of a serene environment as bloodshed in the streets of Barcelona is prevalent. If they start shooting at each other in earnest, then I will cancel and lose the money spent on the trip as there is no reason to endanger my family needlessly. Here...
by awval999
Thu Sep 28, 2017 7:43 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 17352

Re: Why do you LBYM? Why do you save and invest?

I save/pay off debt because it is freeing. No matter how well I can do my job, I'm at risk until I'm debt-free and financially independent. I truthfully do not understand how others can borrow for a larger house, nicer car, max out the credit card. To me you are selling yourself further into servitu...
by awval999
Fri Sep 22, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 6151

Re: $3.6 million at age 25 - need investment advice

I mean, you don't really need to ever work again.

The dividend yield of the S&P500 is greater than your current annual income.
You can live forever off of that.
by awval999
Tue Sep 19, 2017 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 28840

Re: Calling out the not so rich bogleheads

Age 31 / DW 30 Student Loans ($61k) Investible assets $185k Net Worth $208k (includes home equity and car equity (you better damn believe I'm including paid off car equity, I love those threads!) The student loans are the bane of our existence. Can't wait to free up that cash flow. We dump $2500/mon...
by awval999
Wed Sep 13, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: How much should a part-time RN make in Denver?
Replies: 9
Views: 1402

Re: How much should a part-time RN make in Denver?

Go to salary.com and put in zipcode.

It will at least give you a reasonable range.
by awval999
Thu Sep 07, 2017 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 4877

Re: Should I do 20 or 25 Year Term Life Insurance?

I would do 20.

I got a 30 year, but got it at 27. Mine costs $60/month for same $1M. Those are good rates.
by awval999
Wed Aug 30, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Refurbished or New TV?
Replies: 29
Views: 2333

Re: Refurbished or New TV?

I mean TVs are so so cheap. I would just opt for new.

I would just wait for Black Friday / Xmas sales and get one for $500 or so. You can get a huge non-4k TV for dirt cheap. I would just do that.
by awval999
Thu Aug 10, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: Investing In Water
Replies: 29
Views: 3312

Re: Investing In Water

uberational44 wrote:I have looked at the numbers and the logic behind a defensive investment in water is pretty interesting...

-It's one of the world's most valuable commodities
71 percent of all of the Earth is covered in water.

Sure, it's salty. But it can be desalinized if necessary.
by awval999
Wed Aug 09, 2017 6:44 am
Forum: Investing - Theory, News & General
Topic: Still Buying As planned Regardless Of The World Situation
Replies: 72
Views: 9429

Re: Still Buying As planned Regardless Of The World Situation

I have personally increased my net worth substantially by taking on lots of mortgage debt, both before and after retirement. I do not understand why paying down debt is advantageous if the interest on that debt is 1/4 to 1/3 of the long term CAGR of equities. You are the right that it is mathematic...
by awval999
Sun Aug 06, 2017 4:18 am
Forum: Personal Finance (Not Investing)
Topic: Do I need my term life insurance anymore?
Replies: 6
Views: 1199

Re: Do I need my term life insurance anymore?

The premiums seem high for the amount of coverage, but I guess that's because it pays out for disability and death of either one of you two. The answer to your question depends on if you would want your wife (or does she have the earning capability) to (re)enter the workforce. If you got hit by a bu...
by awval999
Thu Aug 03, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Anybody with Student Loans applying for PSLF in October 2017?
Replies: 25
Views: 2738

Re: Anybody with Student Loans applying for PSLF in October 2017?

In my opinion, do not worry about changes to the program affecting current borrowers. No one has proposed making any changes for anyone with existing loans. Because when they do, it will be done in the dark of night. Not one dime has ever been forgiven under any of these "plans". There's many "ways...
by awval999
Wed Aug 02, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Barcelona Hotel Recommendations
Replies: 30
Views: 2810

Re: Barcelona Hotel Recommendations

At that budget, in October, you may as well stay at the Hotel Arts Ritz Carlton.
by awval999
Mon Jul 31, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 4813

Re: How do you decide if you can afford something?

bottlecap wrote:If you have to finance anything other than house, you can't afford it.

It's simple and true. You may not like it, but you can't get around it.

JT
With the exception of college/university, I'd agree with that.
by awval999
Thu Jul 13, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 13464

Re: Do you count vehicle equity in net worth?

I do. However I do see the point when it becomes such a small part of your overall net worth what's the point, for example, home furnishings. No one really puts that stuff into their net worth. But, even for someone with $1MM net worth, an average $20,000 value new Camry/Accord/SUV etc is still 2% o...
by awval999
Sat Jul 08, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 94
Views: 8182

Re: How much of an increase of salary would you expect before switching jobs?

I think you're really just working more for the same actual pay. Old job: 3 Weeks Vacation / 52 Weeks in a year = 5.8% of your pay is vacation New job: 2 Weeks Vacation / 52 Weeks in a year = 3.8% of your pay is vacation Right here you lost 2% of your "raise" because you're working an extra week for...
by awval999
Sat Jul 08, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Transamerica Life Insurance
Replies: 8
Views: 763

Re: Transamerica Life Insurance

Anyone have life insurance with Transamerica? That's who mine is with, I noticed they have a B- rating with BBB, so I was kind of concerned about that; does the BBB (Better Business Bureau) rating mean much? A BBB rating has nothing to do with the company's financial stability. FYI their AM Best ra...
by awval999
Thu Jul 06, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 159
Views: 14922

Re: Long term care insurance - is it worth it?

Here's a question to ponder. Many feel that a reasonable Boglehead can self-pay for a year/two of nursing home care. Let's call it $60k/year, so a couple hundred thousand dollars. For most retirements, that's gonna hurt, for sure, but it will be like a rehabilitation. Break leg, hip, do some PT, see...
by awval999
Tue Jul 04, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 133
Views: 13925

Re: What do you splurge on?

Travel.
by awval999
Tue Jul 04, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains on a Stock
Replies: 9
Views: 866

Re: Capital Gains on a Stock

I can't imagine anything more risky than what you are currently doing. You have literally "won" the "game" and every day you hold 3.5MM of JNJ stock until the day you sell nearly all of it you are risking ruin. I usually laugh off the true believers that say you shouldn't own individual stocks, but ...
by awval999
Sun Jul 02, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: What are your health insurance stats?
Replies: 89
Views: 7222

Re: What are your health insurance stats?

I work for a health system. So the health insurance (of course you have to use the health systems' hospitals and doctors) is generous. As the above poster pointed out, this really isn't even insurance, it's simply health coverage . Premium: $200/month Self+Spouse Deductible: $0 Co-insurance after de...
by awval999
Thu Jun 29, 2017 6:25 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 24297

Re: Buying house - Very important decision

This is approximately what I make. Plan to go down to 1 income in the future with children.

Never would I consider a $500k+ mortgage. Never.