Search found 760 matches

by obgyn65
Thu Nov 17, 2016 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 12013

Re: Cannot get myself to spend my savings

For what it's worth, I started my own Foundation. This has helped me spend money. Hopefully it will continue to help others and survive me after my passing. There are many ways to envision large, meaningful projects with a direct impact on the lives of those in need.
by obgyn65
Tue Nov 15, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Would you work in Bermuda?
Replies: 27
Views: 5102

Re: Would you work in Bermuda?

I would do it. . Potential new job in Bermuda with substantially higher pay. I'm not interested in moving the whole family, just "commuting", i.e. flying back and forth every few weeks or month, something like that. Current job is good, this would just be like a salary of ~$200k more per year (rough...
by obgyn65
Tue Nov 15, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 73
Views: 13405

Re: Go part time number

I retired at age 50 from my full time position. I still see patients part time, which allows me to maintain my standard of living without spending my nest egg.
by obgyn65
Sun Sep 25, 2016 7:07 pm
Forum: Investing - Theory, News & General
Topic: Facing Up to low yielding world
Replies: 11
Views: 3095

Re: Facing Up to low yielding world

Low returns are not fine with me. I decided to buy a couple of condos last year. Their cap rate is about 8%. Better than 2.5%, 10-year CD rates.
by obgyn65
Thu Aug 18, 2016 2:55 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 54679

Re: Self-made Millionaires: how did hitting 7 figures change you?

Hitting 7 figures did not change me one bit. I did not even realize it at the time.
by obgyn65
Sun Aug 14, 2016 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: You have $10 Million and 10 years to live. What would you do?
Replies: 55
Views: 7547

Re: You have $10 Million and 10 years to live. What would you do?

I set up 100 free clinics in developing countries and pay lawyers to make the funding model self sustainable in the long term.
by obgyn65
Tue Aug 02, 2016 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Gifting equally when children are in very different tax brackets?
Replies: 19
Views: 3191

Re: Gifting equally when children are in very different tax brackets?

This is my view also.
Daryl wrote:
If my parents were to give us a gift, and they wanted it to be equal/fair, they should ignore taxes. It wouldn't be fair to give me more to make up for the fact that we've chosen different career paths.
by obgyn65
Sun Jul 31, 2016 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 355
Views: 32913

Re: Early retirees, how much did you leave on the table?

To answer the OP's question I guess I let several millions on the table when I retired at age 50. However, I still see patients part time, and travel the rest of the time. The pull to give up my full time position was very strong, made even stronger because of politics.
by obgyn65
Sat Jul 30, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 9210

Re: has anyone wished they worked one or two more years

I retired age 50 but I see patients part time to make the transition easier. I don't regret retiring from my full time position, even if sometimes I miss the full time income.
by obgyn65
Sat Jul 30, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Another can we retire...
Replies: 51
Views: 7763

Re: Another can we retire...

To the OP- good to go.
by obgyn65
Sat Jul 30, 2016 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 6361

Re: Doctor takes HMO but not PPO insurance?

Let's be careful about stereotypes please. I have provided care to HMO patients the same way as PPO ones, as many of my colleagues have (not all). To the OP: Sounds like your provider is not part of the mainstream thinking in terms of insurance coverage. I would not swicth plans at this stage in cas...
by obgyn65
Mon Jul 25, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Rules of Thumb: Max House Value as % of Net Worth?
Replies: 112
Views: 28741

Re: Rules of Thumb: Max House Value as % of Net Worth?

Sorry for the typo. I meant 10-20.
technovelist wrote:
obgyn65 wrote:For what it's worth, I bought my main condo about 10 years ago in cash. At that time, it was about 10-120% of my next worth. There is no way I could have retied at age 50 if I had bought a $1MM house.
That is a very big range! :happy
by obgyn65
Mon Jul 25, 2016 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Rules of Thumb: Max House Value as % of Net Worth?
Replies: 112
Views: 28741

Re: Rules of Thumb: Max House Value as % of Net Worth?

For what it's worth, I bought my main condo about 10 years ago in cash. At that time, it was about 10-120% of my next worth. There is no way I could have retied at age 50 if I had bought a $1MM house.
by obgyn65
Mon Jul 25, 2016 6:48 am
Forum: Personal Finance (Not Investing)
Topic: What to do w/$150k after tax $?
Replies: 8
Views: 1561

Re: What to do w/$150k after tax $?

I would suggest you wait a few more months and think it through.
by obgyn65
Mon Jul 25, 2016 2:27 am
Forum: Investing - Theory, News & General
Topic: Are you feeling uncomfortable? [with your investments]
Replies: 42
Views: 5777

Re: Are you feeling uncomfortable? [with your investments]

I feel comfortable with my investments most days. Other days I don't feel that comfortable with my investments because I tend to be too conservative.
by obgyn65
Sun Jul 24, 2016 7:50 am
Forum: Investing - Theory, News & General
Topic: Remind me once again why I can't time the market?
Replies: 75
Views: 10469

Re: Remind me once again why I can't time the market?

+1 for this short answer, which I agree with.
leonard wrote:Cause it's impossible to see in to the future.
by obgyn65
Sun Jul 24, 2016 7:47 am
Forum: Investing - Theory, News & General
Topic: How to invest for 200 years?
Replies: 29
Views: 5218

Re: How to invest for 200 years?

To answer the OP's question I would set up a foundation and a profit making company. The profits of the company would be shared after my passing with the foundation. It takes many years and different lawyers to set this structure up. This is the approach I have been using for my own foundation.
by obgyn65
Sun Jul 24, 2016 4:25 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 22882

Re: How many folks choose to give inheritance to their children in unequal portions?

I haven't read all the posts in this thread but IMO choosing to give inheritance to one's children in unequal portions is one of the worst things parents can do. It happened years ago in my own family. My aunt got a house, and my dad got a few books. Both my aunt and dad had a great relationship wit...
by obgyn65
Tue Jul 19, 2016 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 63
Views: 13045

Re: Early retirees, at what age did you "retire"? Is it working out?

To answer your question, seeing patients part time helps for a couple of reasons. 1) I worry less about money 2) I still love what I do and I enjoy the feeling of being "helpful" 3) working even part time helps me keep active - I just can't face being on vacation all the time. I retired last year at...
by obgyn65
Mon Jul 18, 2016 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Message removed.
Replies: 72
Views: 9217

Re: Another Too-Much-House Thread....

I would never buy that type of house. I'm happy in a 700 sq foot condo in a sky scraper.
by obgyn65
Mon Jul 18, 2016 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 63
Views: 13045

Re: Early retirees, at what age did you "retire"? Is it working out?

I retired last year at age 50. Working great so far. Retiring early has allowed me to travel a lot more. I still see some patients part time, which helps. I live in HCOL area. I regret not being able to retire earlier. Hi all, I'm interested in hearing about when some of you "retired" (semi-retiring...
by obgyn65
Mon Jul 18, 2016 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Traits of Happiest Retirees
Replies: 82
Views: 15268

Re: Traits of Happiest Retirees

I hit 15. Retried last year at age 50. Very happy with my choice. Two of the main reasons of my happiness include 1) I still see some patients part time 2) I run my own foundation to support projects helping others.
by obgyn65
Sun Jul 03, 2016 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Happiness
Replies: 94
Views: 14194

Re: Money vs. Happiness

I agree with this. Family and friends keep telling me to get out ASAP but the allure of aggressively saving for a few more years always brings me back around. I would listen to your family and friends and not the people (including myself) on here who don't know you personally, who are very financial...
by obgyn65
Fri Jul 01, 2016 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 36329

Re: Where were you financially when you were at 30?

I am 51.

I was still at school when I was 30', with a couple of years to go to reach my educational goal.

I was not married, no kids.

My savings were about $50-100k I guess.
by obgyn65
Mon Jun 20, 2016 5:17 am
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 125
Views: 21753

Re: Why do people buy annuities?

I bought a couple of deferred annuities in my late 40s. Maybe 1-5 % of my NW at the time. They will start paying out when I reach 62. I plan to buy more every year until I reach 62. After that, some laddered SPIAs may make financial sense. Annuities give me a sense of safety and predictability
by obgyn65
Mon May 30, 2016 11:43 am
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 332
Views: 159319

Re: I can't believe I am thinking this

I don't handle financial stress very well. This is why the majority of my investments are still in CDs and some real estate now.
by obgyn65
Mon May 30, 2016 11:31 am
Forum: Investing - Theory, News & General
Topic: Retiree feelings about nest egg
Replies: 36
Views: 7833

Re: Retiree feelings about nest egg

I retired last year although I still see patients part time. I much enjoy designing investment simulations with my nest egg simply because I will try to leave as much money for my foundation as I can after my passing.
by obgyn65
Wed May 25, 2016 8:56 pm
Forum: Personal Investments
Topic: be my mother in law's financial advisor...or not?
Replies: 21
Views: 2860

Re: be my mother in law's financial advisor...or not?

Absolutely not. This is the best way to get in trouble with your mother in law.
by obgyn65
Sun May 22, 2016 1:01 pm
Forum: Personal Investments
Topic: How much money do you keep in your regular checking/savings?
Replies: 104
Views: 17410

Re: How much money do you keep in your regular checking/savings?

I keep about $20,000 in my current account.
by obgyn65
Wed May 11, 2016 5:17 pm
Forum: Personal Investments
Topic: Best withdrawal plan
Replies: 37
Views: 5210

Re: Best withdrawal plan

To the OP : here is what I do. I spend what I need and save the rest.
by obgyn65
Wed May 11, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup, middle age couple no children
Replies: 22
Views: 3964

Re: Prenup, middle age couple no children

I would get a prenup in your situation. Especially if she can get pregnant.
by obgyn65
Fri May 06, 2016 3:49 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Who's not changing their AA, ever?
Replies: 46
Views: 5840

Re: Retirees: Who's not changing their AA, ever?

I have never changed my AA. However, I bought a condo a few months ago to rent out in order to increase my ROI.
by obgyn65
Fri May 06, 2016 3:40 pm
Forum: Personal Consumer Issues
Topic: how much cash do you carry in your wallet?
Replies: 152
Views: 24044

Re: how much cash do you carry in your wallet?

Average $40 in cash.
by obgyn65
Wed May 04, 2016 4:41 am
Forum: Investing - Theory, News & General
Topic: I Bond rates for May 1 announced
Replies: 69
Views: 14115

Re: I Bond rates for May 1 announced

I will keep buying 10-year CDs instead.
by obgyn65
Wed May 04, 2016 4:11 am
Forum: Personal Finance (Not Investing)
Topic: How Much House
Replies: 64
Views: 9044

Re: How Much House

Hard to remember. I bought my small condo cash in 2008, which at the time was equivalent to about one or two years' gross salary. For all of the BH homeowners... What was the purchase price of your house in comparison to annual income, NW, etc? Did you pay cash or finance? How close are you to work?...
by obgyn65
Mon Apr 18, 2016 1:12 am
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 5370

Re: Annuities and longevity risk, analyzing the problem

When I bought a couple of DAs a couple of years ago, I called three companies and chose the best rate.
tc101 wrote:Where is the best place to shop rates on deferred annuities?
by obgyn65
Mon Apr 18, 2016 12:56 am
Forum: Personal Finance (Not Investing)
Topic: How do I know I have enough to retire
Replies: 17
Views: 4506

Re: How do I know I have enough to retire

Based upon the information provided in the opening post by the OP, I would say he does not have enough to retire yet. Sorry if I was not clear.
HomerJ wrote:
obgyn65 wrote:Based upon the information provided, I would say the OP does not have enough to retire. Sorry.
What information was provided?
by obgyn65
Mon Apr 18, 2016 12:51 am
Forum: Personal Finance (Not Investing)
Topic: How do I know I have enough to retire
Replies: 17
Views: 4506

Re: How do I know I have enough to retire

Based upon the information provided, I would say the OP does not have enough to retire. Sorry.
by obgyn65
Mon Apr 18, 2016 12:49 am
Forum: Personal Finance (Not Investing)
Topic: How Did You File Your Income Taxes for 2015?
Replies: 101
Views: 9368

Re: How Did You File Your Income Taxes for 2015?

I filed my income taxes with a CPA this year because it was a very complex tax year for me.
by obgyn65
Wed Apr 13, 2016 5:58 pm
Forum: US Chapters
Topic: 50,000 Members
Replies: 27
Views: 5896

Re: 50,000 Members

Congratulations.
by obgyn65
Sat Apr 02, 2016 5:35 am
Forum: Personal Investments
Topic: Advice for my parents (retired, risk adverse)
Replies: 11
Views: 1199

Re: Advice for my parents (retired, risk adverse)

I would buy 10-year CDs only.
by obgyn65
Thu Mar 24, 2016 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 15355

Re: Financially, how have you done/doing vs. your parents?

I have done much better than my parents financially speaking.
by obgyn65
Tue Mar 22, 2016 4:28 am
Forum: Personal Finance (Not Investing)
Topic: How much is your allowance?
Replies: 40
Views: 5267

Re: How much is your allowance?

I don't have an allowance. I just spend what I spend, and save the rest.
by obgyn65
Tue Mar 22, 2016 4:27 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirees - What triggered you to retire?
Replies: 97
Views: 15630

Re: Early Retirees - What triggered you to retire?

I retired at the age of 50. Politics, litigation risks, and staff issues made me retire, as well as the desire to travel more. It was the right time to go.
by obgyn65
Tue Mar 08, 2016 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do most of you plan to retire "full-time"?
Replies: 126
Views: 14603

Re: Do most of you plan to retire "full-time"?

I retired from my full time position last year but I still see some patients part time. I like what I do, but I can no longer do it full time. Instead, I invest more time in volunteering. TV is not my thing.
by obgyn65
Sun Mar 06, 2016 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance?
Replies: 58
Views: 7699

Re: Long term care insurance?

I have bought LTCI in my late forties. I have not needed it so far, and the premium are reasonable- about 1,200 a year.