Search found 744 matches

by avenger
Tue Oct 17, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Excess cash for car fund - Would you invest?
Replies: 12
Views: 482

Re: Excess cash for car fund - Would you invest?

I have an asset allocation for all goals (emergency fund, my next car, down payment on house, retirement). My taxable account is 3 times larger than my retirement account, however. So your mileage may vary.

I’m not sure I answered your question.
by avenger
Tue Oct 03, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: So... What bond fund or bond-like instrument do you use?
Replies: 47
Views: 4085

Re: So... What bond fund or bond-like instrument do you use?

All controllable fixed income is in a stable value fund in my 457. I’ll be running out of room shortly if we don’t buy a new house. In that case I’ll put it into intermediate term tax exempt in my non-retirement account.
by avenger
Sun Oct 01, 2017 5:20 am
Forum: Personal Consumer Issues
Topic: Should I get a New Macbook Pro?
Replies: 47
Views: 3927

Re: Should I get a New Macbook Pro?

I bought the new MacBook Pro this year, replacing my 2012 MacBook Pro, citing some of the same issues as you. It really was just frustrating to have the spinning ball running all of the time, especially if I had multiple applications open. I really don't live on a budget, so it wasn't a hardship for...
by avenger
Sun Oct 01, 2017 5:05 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 131
Views: 18261

Re: What age did you become debt free and what opportunities did it create?

I became debt-free 3 months ago at the age of 37. Having completed my residency and making a great salary the last 6 years, I put an equal amount of money toward debt payoff and investing. Now, I am saving 45% of my gross salary and really watching the investment account balance skyrocket. I'm not c...
by avenger
Thu Aug 03, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 24339

Re: A poll: How much money do you need to retire?

37. Plan to retire (or slow down significantly) between 45 and 50 at 2.5 million. Bottom line is to reach financial independence.
by avenger
Sun Jul 30, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Advice on taxable account - yearly additions.
Replies: 7
Views: 1136

Re: Advice on taxable account - yearly additions.

GaryA505 wrote:Isn't the investment company required to keep some records on this now?
Beginning in 2012, yes. I started my taxable investing career in 2012, so I don’t keep track of anything personally.
by avenger
Sun Jul 30, 2017 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Should emergency funds be included in AA?
Replies: 45
Views: 2794

Re: Should emergency funds be included in AA?

I look at my portfolio holistically, and have one asset allocation for all goals, including emergency funds. Anything else really is just mental accounting and makes things more complicated than they need to be.

My caveat, however, is that I have a large taxable account...
by avenger
Thu Jul 20, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: Can real estate investing (actual properties) be relatively "hands off"?
Replies: 50
Views: 5873

Re: Can real estate investing be relatively "hands off"?

When I was an accidental landlord, I didn't want to be bothered, so I hired a management company.

I feel like I had to manage the management company.

Sold that condo two weeks ago (thank goodness) and will never voluntarily become a landlord again.

I invest in real estate - VTSAX.
by avenger
Sat Jul 15, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 18620

Re: How are folks handling the unprecedented rise in the market ?

Although I am not particularly worried about the market high (most of the time the market is at an all time high), I know this bull market is long in the tooth. Therefore, I paid off about a healthy six-figure amount of debt in the last year, and am now debt free (asset allocation therefore became m...
by avenger
Thu Jul 13, 2017 9:24 am
Forum: Investing - Theory, News & General
Topic: Cash vs bond
Replies: 9
Views: 1165

Re: Cash vs bond

I used to keep 50% of my FI in a bond fund, and 50% in my stable value fund (which now yields 3%). In an effort to simplify, I have chosen to go all-in with the SV fund for my fixed income needs. The contract is based on the credit worthiness of two companies and there are no restrictions. So I slee...
by avenger
Wed Jul 12, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 127
Views: 14846

Re: Anyone else gotten totally bored with investing?

Also bored.

Completely debt free (paid off $660k in 6 years), 3 fund portfolio on autopilot with no major financial changes on the horizon. Just going to let the boredom ride.
by avenger
Sat Jul 08, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use ANNUITIES for SOME of their retirement funds?
Replies: 61
Views: 4506

Re: Does anyone use ANNUITIES for SOME of their retirement funds?

I vest in a pension in 3 years, so I will use that. If I leave before that time, I would certainly consider annuitizing a portion of my portfolio at some point.
by avenger
Sat Jul 01, 2017 10:24 am
Forum: Investing - Theory, News & General
Topic: Stable value funds as interest rates rise
Replies: 43
Views: 3371

Re: Stable value funds as interest rates rise

Mine went from 2.89% to 3.01% as of this morning.
by avenger
Thu Jun 15, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 6175

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

My rental is being sold next week, luckily I had 6 years without any major issues. Regardless, I will be very happy next week.
by avenger
Wed Jun 14, 2017 2:21 pm
Forum: Personal Consumer Issues
Topic: Multi-page scanner?
Replies: 26
Views: 1978

Re: Multi-page scanner?

Fletch wrote:iPhone and Scanner Pro (by Readdle) app; more versitle with qualtity just as good as my MFP scanner which I rarely use anymore.
I second this recommendation. I have used Scanner Pro to scan literally thousands of pictures and documents. Really fast/efficient.
by avenger
Sun Jun 11, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Is it safe to prepay a Navient loan payment?
Replies: 10
Views: 1350

Re: Is it safe to prepay a Navient loan payment?

Navient has detailed instructions on their website explaining how loan payments are applied, depending on what type of loan you have. I would look at those instructions.
by avenger
Sat Jun 10, 2017 7:30 am
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 4339

Re: Suit for residency interviews

Another vote for it doesn't really matter. I pay little to no attention to that when I'm interviewing a candidate.

On the flip side, the residency program director in our program thinks its appropriate to wear fishnet stockings when we're interviewing residents.

:shock:

Good luck!
by avenger
Sun Jun 04, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: I spend 6.1% of my Gross income on rent
Replies: 80
Views: 11149

Re: I spend 6.1% of my Gross income on rent

I spend 5% of gross income on rent.
by avenger
Sun Jun 04, 2017 6:32 am
Forum: Investing - Theory, News & General
Topic: Dealing with Impatience reaching financial goals
Replies: 30
Views: 3581

Re: Dealing with Impatience reaching financial goals

I used to be more this way, but the longer I invest and the more milestones that come and go, the less I think about it or even notice them. It may also be because I am thinking a lot more about life goals and milestones than simply financial or net worth goals/milestones lately. At the end of the ...
by avenger
Sun Jun 04, 2017 6:03 am
Forum: Investing - Help with Personal Investments
Topic: IPS Guidelines for Small to Large Windfalls?
Replies: 12
Views: 1069

Re: IPS Guidelines for Small to Large Windfalls?

Mine says to put all windfalls toward debt repayment. All of my debt is about to be paid off this month. Guess it's time to come up with a new IPS guideline for this category!
by avenger
Thu May 04, 2017 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3995

Re: Do you know exactly what % of income you spend?

Of gross salary...

20% spending
50% saving
30% taxes
by avenger
Sun Apr 30, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 8413

Re: Favorite Financial Indulgences

Just bought the new 15" MacBook Pro with every possible upgrade.
by avenger
Fri Apr 21, 2017 4:36 pm
Forum: Personal Consumer Issues
Topic: My Doctor says I am "unusual" (declining some blood tests)
Replies: 51
Views: 7571

Re: My Doctor says I am "unusual" (declining some blood tests)

This is financial - not health/medical! Without going into the medical/health specifics, I regularly (usually annually, as recommended) see an Endocrinologist, who always orders speficic Thyroid tests related to my Thyroid situation/history. In recent years, I can see all of the blood tests (and re...
by avenger
Fri Apr 21, 2017 4:07 pm
Forum: Personal Consumer Issues
Topic: My Doctor says I am "unusual" (declining some blood tests)
Replies: 51
Views: 7571

Re: My Doctor says I am "unusual" (declining some blood tests)

This is financial - not health/medical! Without going into the medical/health specifics, I regularly (usually annually, as recommended) see an Endocrinologist, who always orders speficic Thyroid tests related to my Thyroid situation/history. In recent years, I can see all of the blood tests (and re...
by avenger
Fri Mar 24, 2017 4:39 am
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 3653

Re: can't logon to vanguard account

You're not alone.
by avenger
Thu Mar 23, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio. Now considering 4
Replies: 6
Views: 721

Re: 3 Fund Portfolio. Now considering 4

Why complicate things? Has something changed?

Confession: I don't have a three fund portfolio. :mrgreen:
by avenger
Tue Mar 21, 2017 2:50 pm
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 54
Views: 4575

Re: Debating a weekend in Chicago (south side)

4) Wicker Park/Bucktown. These are the areas to the West of Old Town and Lincoln Park. There's a nightlife area around the intersection of North Ave/Damen Ave/Milwaukee Ave. There's also a blue line stop there (Damen). Fun area. Big Star is a great place to go early, get a table outside and eat tac...
by avenger
Sun Mar 19, 2017 6:15 am
Forum: Investing - Help with Personal Investments
Topic: Where do you save for large purchases?
Replies: 42
Views: 3457

Re: Where do you save for large purchases?

I have an overall portfolio allocation that accounts for all needs (retirement, long- and short-term, emergency) which is on the conservative side. My taxable account makes up the majority of my portfolio, so I have easy access to cash should I need it.
by avenger
Fri Mar 17, 2017 4:49 am
Forum: Personal Finance (Not Investing)
Topic: "Can I Throw This Financial Paperwork Out?: What to shred, what to save, and where to save it"
Replies: 22
Views: 1983

Re: "Can I Throw This Financial Paperwork Out?: What to shred, what to save, and where to save it"

Toons wrote:Most everything is available online, or
I scan it and save to Google drive. :happy
Very little paper.


This. I don't have any paper. Everything is online.
by avenger
Sun Mar 12, 2017 7:25 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3015
Views: 881738

Re: What Movie Have You Recently Watched?

Saw Logan last night. Was disappointed. Without all of the gratuitous violence, there really wasn't much of a story there.
by avenger
Sat Mar 11, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Buy a house? But there's a student loan elephant in the room
Replies: 21
Views: 1939

Re: Buy a house? But there's a student loan elephant in the room

Those student loan amounts take my breath away, but you're not screwed. After maxing out retirement accounts, I would throw every available penny at the debt, however. I would not buy a house until the student loan debt is gone.
by avenger
Thu Mar 09, 2017 7:56 pm
Forum: Investing - Theory, News & General
Topic: Do you use lifestrategy/ asset allocation funds?
Replies: 77
Views: 12970

Re: Do you use lifestrategy/ asset allocation funds?

I am wondering if any one uses the vanguard life strategy fund, target date fund or other asset allocation fund. Mainly I want to know if you use it to avoid having to re-balance even though you could get a slightly lower cost and more customized allocation by buying individual funds? Any other rea...
by avenger
Sun Feb 26, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Physician Disability Insurance
Replies: 43
Views: 3134

Re: Physician Disability Insurance

I'm a physician. My plan is to drop my disability insurance once I have enough to support my lifestyle with a sustainable withdrawal rate (3%?). I've already stopped increasing my monthly benefit due to the rapid growth of my portfolio over the last few years. Soon I may even drop one of the two po...
by avenger
Sun Feb 26, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Physician Disability Insurance
Replies: 43
Views: 3134

Re: Physician Disability Insurance

I'm a physician. My plan is to drop my disability insurance once I have enough to support my lifestyle with a sustainable withdrawal rate (3%?). I've already stopped increasing my monthly benefit due to the rapid growth of my portfolio over the last few years. Soon I may even drop one of the two pol...
by avenger
Fri Feb 17, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Disability insurance future increase rider question
Replies: 7
Views: 615

Re: Disability insurance future increase rider question

Do you need the additional $8k per month? While I realize we don't have a crystal ball, you should consider what your current expenses are. Obviously expenses could go up if you were disabled. Just food for thought. I recently declined to increase my coverage because my current benefit is more than ...
by avenger
Sun Feb 12, 2017 8:41 pm
Forum: Personal Consumer Issues
Topic: Boats
Replies: 36
Views: 3495

Re: Boats

We live in Chicago and spend a great deal of our summer out on the boat. We go out on Lake Michigan and do fun Chicago River cruises, but also spend a lot of time just hanging out in the harbor with the dog. Has been an amazing memory-creating part of our lives.

Buy used!

Mark
by avenger
Sat Feb 11, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1763

Re: Selling rental condo - capital gains even though selling at same price??

Not Law wrote:Depreciation is not a choice. Even if you do not claim it as a tax benefit, the IRS assumes you did in calculating recapture.


Correct. That wasn't my question, however. The question was answered by Cuzz35.
by avenger
Sat Feb 11, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1763

Re: Selling rental condo - capital gains even though selling at same price??

Your basis for determining gain is $170k (plus improvements) minus depreciation. Your basis for determining loss is $80k (plus improvements) minus depreciation. Sounds like you will only have some gain related to depreciation recapture. A sales price between these points results in no gain or lose....
by avenger
Sat Feb 11, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1763

Re: Selling rental condo - capital gains even though selling at same price??

Your cost basis is the purchase price + improvements - depreciation. And you subtract out any selling costs (like real estate commission) from the sale price. So in a scenario like this, assuming you haven't done any improvements, you'd pay capital gains on depreciation - selling costs. So, basical...
by avenger
Sat Feb 11, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1763

Re: Selling rental condo - capital gains even though selling at same price??

This doesnt sound right to me. I understand that you need to use fmv as the basis for your rental depreciation calculation, but you dont just ignore your initial investment when you sell the asset. Two seperate things. It didn't "sound right" to me either. However, when I modeled the sale...
by avenger
Sat Feb 11, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1763

Re: Selling rental condo - capital gains even though selling at same price??

I'm not sure your figures are correct. I'm in a similar situation in that I sold a condo in 2016 that was my homestead from 2009-2014; then I converted it to a rental for three years 2014-2016. I'm trying to figure out the tax implications as well, so I'm not an expert on this. But I do know that p...
by avenger
Sat Feb 11, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1763

Re: Selling rental condo - capital gains even though selling at same price??

Your cost basis is the purchase price + improvements - depreciation. And you subtract out any selling costs (like real estate commission) from the sale price. So in a scenario like this, assuming you haven't done any improvements, you'd pay capital gains on depreciation - selling costs. So, basical...
by avenger
Sat Feb 11, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1763

Selling rental condo - capital gains even though selling at same price??

I purchased a condominium in 2005 for $170,000. I put the condo into rental service in 2011, when its fair market value was assessed at $80,000. Therefore, this is my cost basis. I am about to sell my condo for likely $170,000. Do I really have a capital gain of $90,000? I have a feeling the answer ...
by avenger
Sat Feb 11, 2017 6:03 am
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 19246

Re: Why do you go to restaurants?

You won't like this answer, because of #5, but if you really shell out—let's say $150 per person—you will find that: - you can sample flavors and cuisine nothing like what your wife prepares at home - you'll find an array of dishes that are new to you if you are at all venturesome - talented chefs ...
by avenger
Tue Feb 07, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage advice, 1st time buyer
Replies: 12
Views: 1701

Re: Mortgage advice, 1st time buyer

Also doctor here. I second the other physician's advice to reconsider buying a home as a resident. You did not mention your specialty, but even in the best case scenario, five or six years is not enough time to benefit from buying a home. There is a good chance you will move when you are done with y...
by avenger
Tue Feb 07, 2017 7:42 pm
Forum: Personal Consumer Issues
Topic: Napa/Sonoma Recommendations
Replies: 46
Views: 3401

Re: Napa/Sonoma Recommendations

I've only been once. Stayed at the boon hotel in Gurneville. Was very nice over Columbus Day weekend. Biked to the Armstrong redwood forest, drove the Sonoma coast (gorgeous). Hung out by the pool (it was 90 in October during the day), had fires in our room at night. Drove to Healdsburg for some mea...
by avenger
Sat Jan 28, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: Dow hits 20,000. What next? Share your strategy
Replies: 107
Views: 10156

Re: Dow hits 20,000. What next? Share your strategy

My next step is to figure out where we're having dinner in Puerto Vallarta tonight.

I'll do that after I take another dip in the pool.

With regard to my investments, nothing changed!
by avenger
Thu Jan 26, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation across multiple time horizons
Replies: 5
Views: 570

Re: Asset allocation across multiple time horizons

I imagine you will receive a number of suggestions. Some people will say it is best to segregate both plans in terms of AA. There are people that have an account for every possible life goal. On the other end of the spectrum, I have one AA for all goals - goals I know I have (including emergency fun...
by avenger
Thu Jan 26, 2017 8:34 am
Forum: Personal Consumer Issues
Topic: Storing pictures on long trips
Replies: 24
Views: 1644

Re: Storing pictures on long trips

I don't use digital cameras. I use my iPhone 6. It automatically integrates across all of my devices. There is never any need for active transfer or organization. Once on wifi, everything syncs.