Search found 1471 matches

by EnjoyIt
Thu May 24, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 71
Views: 6658

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay off the mortgage, once you do that the house is yours and yours only, no one can take it away. What happens if you lose your job? I respectfully disagree. First, you certainly can lose your paid-off house if you don't make property tax payments, don't pay HOA fees (if any), can't afford...
by EnjoyIt
Wed May 23, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 148
Views: 11174

Re: New(ish) attending physicians in the Bay Area: Housing

Great point and I can see that potentially happening. On the other hand why should I be motivated by a massive expense. How does having an expensive house make my life better? How is working full time day in and day out just to pay down that expense make my life better and my family's life better? ...
by EnjoyIt
Tue May 22, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 148
Views: 11174

Re: New(ish) attending physicians in the Bay Area: Housing

This sounds like buying yourself a prison that keeps you working full time/overtime for many years to come. I would hate to live that kind of life just for a house. It's a strong motivator to achieve something exceptional. It's hard to be strongly driven to do new things when life is too easy. Rega...
by EnjoyIt
Tue May 22, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request
Replies: 9
Views: 698

Re: Portfolio Review Request

Why do you have all this cash but still owe $1000 in student loans at 6%. Pay it off and be done with it.

The studies show having a small bond percentage up to about 20% won't lower your returns but may actually increase them. Therefore I would recommend being closer to 10% bonds instead of 0%
by EnjoyIt
Thu May 17, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 148
Views: 11174

Re: New(ish) attending physicians in the Bay Area: Housing

Not sure what "bubble" people are talking about. High house prices don't signify a bubble. There's a chronic supply/demand problem in the area, not a bubble. The typical approach in the Bay Area for people in stable high-paying jobs is to stretch to buy a place where they would be ok in the long ru...
by EnjoyIt
Mon May 14, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 148
Views: 11174

Re: New(ish) attending physicians in the Bay Area: Housing

This has crossed my mind too although the counter is that at least for now, our cash flow is very healthy renting and while that may one day eventually change, we’ll be well prepared to buy or move at that point (saving maybe 200k/year currently). Much of that annual savings is wiped out by the ann...
by EnjoyIt
Mon May 14, 2018 10:29 am
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 98
Views: 9838

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

Personally I can't imagine bringing my portfolio high enough for a 2% or less withdrawal rate. I just have no interest working another decade of my life full time. Maybe part time, but full time, is a huge "heck no." What I can imagine is making sure that our fixed/mandatory expenses are as low as ...
by EnjoyIt
Sun May 13, 2018 11:37 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 98
Views: 9838

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

Personally I can't imagine bringing my portfolio high enough for a 2% or less withdrawal rate. I just have no interest working another decade of my life full time. Maybe part time, but full time, is a huge "heck no." What I can imagine is making sure that our fixed/mandatory expenses are as low as p...
by EnjoyIt
Sun May 13, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Newb: Money Market Fund (VMSXX) vs high yield savings online banking for E-fund?
Replies: 15
Views: 2192

Re: Newb: Money Market Fund (VMSXX) vs high yield savings online banking for E-fund?

Curious as to where I should park my emergency fund - currently around $100K. I use USAA at the moment but have been researching the high-yield online banking savings accounts like Ally (pays 1.5%), Goldman Sachs (Marchs @ 1.6%) etc... Is there a good reason to pick one over the other? Thanks, Bill...
by EnjoyIt
Wed May 09, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4380

Re: AMC Movie Theaters -- typical OR not?

What bugs me is the 20 minutes of commercials & trailers before your show. I would be grateful for only 20 minutes, at our local theater it's more like 30-40 minutes of trailers. With assigned seating you can show up 10-20 minutes late and miss all the previews. Personally I like the previews becau...
by EnjoyIt
Tue May 08, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3526

Re: Why do so many Americans not own stocks?

You only live once mentality.
The entightement mentality of deserved happiness now regardless of future concerns.
Social media glamorizing frivolous consumption.
Lack of understanding how to build wealth.
by EnjoyIt
Tue May 08, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4380

Re: AMC Movie Theaters -- typical OR not?

In the Milwaukee area, I can’t think of a single theater that is NOT as the OP described Are you saying every theater room in Milwaukee has SDX video, Dolby Atmos surround sound, recliner leather seats, and assigned seating? If that is the case you are living in a movie theater Meca. This is not th...
by EnjoyIt
Mon May 07, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: When to buy new underwear?
Replies: 86
Views: 5961

Re: When to buy new underwear?

OK, thanks guys, but is there a limit to how many years would be too many years, even for a reasonable person? Like if you heard that someone was wearing ten-year-old underwear, would that sound weird? Not that that's me. I'm just curious. 8-) No age limit. Do you put a "buy year" on them that let'...
by EnjoyIt
Mon May 07, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4380

Re: AMC Movie Theaters -- typical OR not?

OP likely did not realize the other amenities in such a theater. AMC has been implementing these throughout the country. Originally called AMC Prime and later the name changed to Doubly Cinema. It is the whole package and what OP likely experienced. I can tell based on the reclining leather seating...
by EnjoyIt
Mon May 07, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4380

Re: AMC Movie Theaters -- typical OR not?

OP likely did not realize the other amenities in such a theater. AMC has been implementing these throughout the country. Originally called AMC Prime and later the name changed to Doubly Cinema. It is the whole package and what OP likely experienced. I can tell based on the reclining leather seating...
by EnjoyIt
Mon May 07, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 175
Views: 16063

Re: most compelling TV character ever

I see a lot of Walter White and could not agree more. But I can not believe no one has brought up.

Negan from the Walking Dead. Every appearance he has had especially in Season 6 brings chills down into the pit of your stomach.
by EnjoyIt
Mon May 07, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4380

Re: AMC Movie Theaters -- typical OR not?

This is atypical. Most theaters don't have this and the ones that do offer only 1 theater in the whole building like this. They have one near me and I love the experience particularly the Dolby Atmos surround sound it provides. I even have my favorites seats I like to prepurchase I. Advance. Here i...
by EnjoyIt
Sun May 06, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 7909

Re: What career for smartest kid in the class?

I will not fully steer my kids away from medicine. But I will steer them away from a specialty that involves night and weekend call. It's just the worst. The question is will a field like that exist going forward? As more physicians are employed continuing as a trend there are less and less private...
by EnjoyIt
Sun May 06, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: HSA logistics for common law marriage.
Replies: 12
Views: 618

Re: HSA logistics for common law marriage.

Since we are not married but cohabitation that means we file single and therefor have a limit of 3450/person. I doubt we can do $6900 each. See 2017 Publication 969 - p969.pdf : Family HDHP coverage is an HDHP covering an eligible individual and at least one other indi- vidual This is just awesome....
by EnjoyIt
Sun May 06, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: HSA logistics for common law marriage.
Replies: 12
Views: 618

Re: HSA logistics for common law marriage.

In some states common law marriage takes affect without any legal paperwork being done. For example one only needs to say they are married and therefor common law marriage applies. For this exercise let's just assume domestic partners to eliminate any chance of confusion. There is no official paper...
by EnjoyIt
Sun May 06, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 5911

Re: Comparing 2 physician jobs

1. I am a physician working in the middle of nowhere. 2. The partnership may not materialize. (stock like). 3. The rural job salary is guaranteed. (bond like) 4. More important than negotiating extra 50 K I would negotiate a longer duration of guaranteed salary. You did not say how many years guara...
by EnjoyIt
Sun May 06, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 7909

Re: What career for smartest kid in the class?

I do not know of any job out there that guarantees a reasonable to very good income that is recession proof other than physician. Yes, being a doctor is hard, yes many don't appreciate you, and there are tons of other more lucrative professions. But strictly talking about money, none of those profes...
by EnjoyIt
Sun May 06, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: HSA logistics for common law marriage.
Replies: 12
Views: 618

Re: HSA logistics for common law marriage.

Here is the scenario: Couple in common law marriage only. Filing taxes as single since US government does not recognize common law marriage. Back up for a moment. When and in what state was the common law marriage established? In almost all cases, the Feds will recognize a common law marriage if a ...
by EnjoyIt
Sun May 06, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: HSA logistics for common law marriage.
Replies: 12
Views: 618

Re: HSA logistics for common law marriage.

It sounds to me like you're both HSA eligible individuals and could each contribute to an HSA account. The question is how much. Since you apparently have family coverage but aren't married (in the eyes of the IRS) it's possible that you might both be able to contribute the full family amount of $6...
by EnjoyIt
Sun May 06, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4380

Re: AMC Movie Theaters -- typical OR not?

This is atypical. Most theaters don't have this and the ones that do offer only 1 theater in the whole building like this. They have one near me and I love the experience particularly the Dolby Atmos surround sound it provides. I even have my favorites seats I like to prepurchase I. Advance. Here i...
by EnjoyIt
Sun May 06, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: HSA logistics for common law marriage.
Replies: 12
Views: 618

HSA logistics for common law marriage.

Here is the scenario: Couple in common law marriage only. Filing taxes as single since US government does not recognize common law marriage. Both working spouses. 1 spouse has insurance for he both of them and the plan is HSA compliant. Other spouse has higher income and in a much higher tax bracket...
by EnjoyIt
Sun May 06, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4380

Re: AMC Movie Theaters -- typical OR not?

This is atypical. Most theaters don't have this and the ones that do offer only 1 theater in the whole building like this. They have one near me and I love the experience particularly the Dolby Atmos surround sound it provides. I even have my favorites seats I like to prepurchase I. Advance. Here it...
by EnjoyIt
Wed Apr 11, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Easily digestible info/blog on finances for spouse?
Replies: 35
Views: 2527

Re: Easily digestible info/blog on finances for spouse?

The 10 videos found in the wiki of bogleheads is excellent. They are about 5 minutes each.
by EnjoyIt
Sun Apr 08, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Investment in a corporation goes belly up. How to file
Replies: 5
Views: 636

Re: Investment in a corporation goes belly up. How to file

This is not a publicly traded corporation. Myself and a few other colleagues have invested in this startup which failed. The corporation filed a 1065.

There really are no assets left. There were all used up in software development and advertising :(.
by EnjoyIt
Sun Apr 08, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Investment in a corporation goes belly up. How to file
Replies: 5
Views: 636

Investment in a corporation goes belly up. How to file

I was an investor in a corporation that dissolved all function at the end of 2017. I received a k1 but it seams to still show value in my investment on the K1. How do I file that all value has disappeared so I can get some tax savings on the losses?
by EnjoyIt
Sun Apr 08, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13301

Re: Ivy school education. Is it worth it?

It is much more important that to study something that really grabs you... or discover something that really grabs you ... or find that professor who just strikes a spark... than any statistics on ROI can possibly capture. Photography grabs many people but the odds of having a career that makes any...
by EnjoyIt
Sat Apr 07, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 12130

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

I am in my 40s and our AA is 70/30. I am comfortable at 70/30 since I make a solid and reliable income. I will stay at 70/30 until I semi retire and glide to 60/40. When I fully retire I will go to 50/50. When SS kicks in I will go back to 60/40. None of my decision are based on age except for SS at...
by EnjoyIt
Fri Apr 06, 2018 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth clarification (yes another)
Replies: 5
Views: 364

Re: Backdoor Roth clarification (yes another)

Thank you all for the clarification. It is what I suspected.
by EnjoyIt
Fri Apr 06, 2018 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth clarification (yes another)
Replies: 5
Views: 364

Re: Backdoor Roth clarification (yes another)

This conversion is reported on 2018 taxes correct. I do not have to report it for 2017 just the post tax contribution correct?
by EnjoyIt
Fri Apr 06, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth clarification (yes another)
Replies: 5
Views: 364

Backdoor Roth clarification (yes another)

I want to make sure I am accurate.

If I do a post tax traditional IRA contribution today for 2017 of $5500 and also another $5500 for 2018, I can convert them both into Roth with no issues. Correct?
by EnjoyIt
Sat Mar 31, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 54
Views: 4297

Re: Tired of gas grills rusting out...

I second the Weber grill, Our last weber sat outdoors with no cover. Lasted 15 years before being replaced for a larger Weber and not because it was rusting. I did have to replace the flavor bars twice. The auto light was replaced 2 times. If you are fine cleaning it, get a used Weber, clean it out,...
by EnjoyIt
Sat Mar 31, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I need to save?
Replies: 16
Views: 2873

Re: How much do I need to save?

What are your goals? 1) Do you want to retire early? 2) Do you want to make sure you have both kids college fully funded? 3) Will you need a new car soon? Personally I think you are on track for great things. If I was in your shows I would start saving some cash for new cars since you make it seam t...
by EnjoyIt
Thu Mar 29, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 13339

Re: Healthy eaters -- is this grocery budget normal to you?

I will offer the same advice I have for any budgetary question (or engineering problem): you can't control what you don't measure. Keep track of everything you spend on food and break it down by item type. Much of your spending will probably turn out to be for a small part of what you eat, it may n...
by EnjoyIt
Thu Mar 29, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 9386

Re: What is the endgame for Millennials?

They will live on whatever social security gives them. It is no different than all the other people who have retired over the last few decades with minimal to no savings. Most people care only about the here and now and don't concern themselves to much about the future until it is too late. Nothing ...
by EnjoyIt
Tue Mar 27, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Not going to be buying chicken for a while...
Replies: 65
Views: 9298

Re: Not going to be buying chicken for a while...

Thanks for sharing. Interestingly over the last year we stopped buying breasts because they just did not taste well and transitioned to thighs.

I will keep an eye out.
by EnjoyIt
Sun Mar 18, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: 200K sitting in brokerage account
Replies: 20
Views: 3291

Re: 200K sitting in brokerage account

Think about it like this: If you had $200K in investments, transaction costs and tax issues aside, would you pull it all out, and then gradually reinvest $10K per week over the next few months? If you wouldn't do that, then why would you do it now when you have $200K in cash? Someone with $200K in ...
by EnjoyIt
Fri Mar 09, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9206

Re: Can I take an 85+% pay cut for fun?

OP here. Thanks for all the well-reasoned and helpful responses. I was afraid my initial post was so long that I might not get much feedback, glad you all took the time to read it. Interesting to see responses ranging from, "this is a terrible idea" to "I would". :wink: I admit I have had both of t...
by EnjoyIt
Fri Mar 09, 2018 3:18 am
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9206

Re: Can I take an 85+% pay cut for fun?

fast_and_curious, I love how you are thinking, but I don't like when you are thinking it. What I like: You are looking for ways to enjoy life more instead of being stuck at a desk doing something you hate for the rest of your life. You are willing to make changes to enjoy your life more. You have do...
by EnjoyIt
Wed Mar 07, 2018 10:28 pm
Forum: Investing - Theory, News & General
Topic: What's that smell?
Replies: 41
Views: 6169

Re: What's that smell?

Bogleheads, Let me first say that I have no plans to change my asset allocation (three-fund portfolio, in case it wasn't obvious); however, I wake up every morning to the terrible odor of overpriced US stocks and low bond yields. It offends my olfactory senses and makes me want to invest all my mon...
by EnjoyIt
Wed Mar 07, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I "get divorced" for tax purposes (PSLF)
Replies: 57
Views: 3924

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

No more unethical than manipulating your income so that (or retiring early because) you can qualify for healthcare subsidies, which lots of well-off people do here. Here are the problems: 1. The costs of getting divorced; 2. Whether getting divorced and living together actually achieves your desire...
by EnjoyIt
Tue Mar 06, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7200

Re: Another "Should I self-insure" for LTC Question

This is a math and statistics question: According to AARP AARP reports that, of people who reach age 65, 48% (43% of men, 53% of women) will require some form of LTC in their lifetime (because of illness and/or disablement that interferes with daily activity). Of these 27% will need care for 2 year...
by EnjoyIt
Mon Mar 05, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7200

Re: Another "Should I self-insure" for LTC Question

This is a math and statistics question: According to AARP AARP reports that, of people who reach age 65, 48% (43% of men, 53% of women) will require some form of LTC in their lifetime (because of illness and/or disablement that interferes with daily activity). Of these 27% will need care for 2 years...
by EnjoyIt
Mon Mar 05, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I agree to have my driving monitored in exchange for lower rates?
Replies: 65
Views: 5115

Re: Should I agree to have my driving monitored in exchange for lower rates?

I can't use this program because you need to plug a device into the OBD2 port. My radar detector and laser scrambler use that port. These two items have been very beneficial at keeping my insurance rates low. I have a perfect driving record.
by EnjoyIt
Sat Mar 03, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: New guy with a "scheme"... [transfer earned income to kids]
Replies: 33
Views: 3864

Re: New guy with a "scheme"... [transfer earned income to kids]

I see a few bloggers who use their kids as models and pays them wages for their work out of their blogging income. They can be paid as a W2 or a 1099 for each photography session. The bloggers use the pictures on their web site. I believe for this to work you need to have 2 things. 1) profit for you...
by EnjoyIt
Mon Feb 26, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12300

Re: How Far is too Far, Commuting?

Time is valuable and most likely our most precious resource. The monetary value of your time is very personal. When you are younger, broke and have more energy you may not value your time as much. As you get older every minute becomes more and more precious. This is compounded even further when a l...