Search found 13718 matches

by White Coat Investor
Thu Apr 18, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: dropping umbrella and increasing auto liability
Replies: 56
Views: 3059

Re: dropping umbrella and increasing auto liability

80% of umbrella claims are auto related, so this isn't a terrible idea. I wouldn't do it though. I value that other liability coverage. I'm actually considering increasing mine from $2M to $5M. As a practical matter, if you are totally at fault in a car crash or whatever, generally a plaintiffs att...
by White Coat Investor
Thu Apr 18, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: dropping umbrella and increasing auto liability
Replies: 56
Views: 3059

Re: dropping umbrella and increasing auto liability

I'm actually considering increasing mine from $2M to $5M How will you make this decision? We cant find examples of a 1M settlement offer being rejected, followed by a jury award over 1M (Malpractice and commercial insurance is different) No formula that I know of. But the additional premium certain...
by White Coat Investor
Thu Apr 18, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: dropping umbrella and increasing auto liability
Replies: 56
Views: 3059

Re: dropping umbrella and increasing auto liability

80% of umbrella claims are auto related, so this isn't a terrible idea. I wouldn't do it though. I value that other liability coverage. I'm actually considering increasing mine from $2M to $5M. As a practical matter, if you are totally at fault in a car crash or whatever, generally a plaintiffs att...
by White Coat Investor
Wed Apr 17, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: dropping umbrella and increasing auto liability
Replies: 56
Views: 3059

Re: dropping umbrella and increasing auto liability

80% of umbrella claims are auto related, so this isn't a terrible idea. I wouldn't do it though. I value that other liability coverage. I'm actually considering increasing mine from $2M to $5M.
by White Coat Investor
Wed Apr 17, 2019 7:24 pm
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 23
Views: 2180

Re: How does Alliant Credit Union make money on their Credit Card?

They won't give you a credit limit higher than $25K in the first six months no matter what your income. It really limits how much you can put on it. You can easily charge $100K per month, provided you pay every few days, or any time you charge more than $10K in a day. You can also pay ahead, if the...
by White Coat Investor
Wed Apr 17, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: What I don’t understand about Donor Advised Funds...
Replies: 46
Views: 3370

Re: What I don’t understand about Donor Advised Funds...

I have read numerous (but not all) threads about DAFs, and blogs and info on the Schwab, Fidelity, etc sites. I am still unclear about the fluctuation of value of the donation after the initial appreciated stock shares are sold. Say I open an account with $10000 worth of stocks. They give me a tax ...
by White Coat Investor
Wed Apr 17, 2019 10:11 am
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 23
Views: 2180

Re: How does Alliant Credit Union make money on their Credit Card?

They won't give you a credit limit higher than $25K in the first six months no matter what your income. It really limits how much you can put on it. You can easily charge $100K per month, provided you pay every few days, or any time you charge more than $10K in a day. You can also pay ahead, if the...
by White Coat Investor
Wed Apr 17, 2019 10:10 am
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 4373

Re: Why does the stock market go up in the long term?

Because, over the long run, more people will buy stocks than sell them. Where else are people going to put their money if they want it to grow in a qualified retirement plan? It seems to me that every buyer has a seller and vice versa. This explanation for stock market movement never made sense to ...
by White Coat Investor
Wed Apr 17, 2019 10:10 am
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 4373

Re: Why does the stock market go up in the long term?

Because, over the long run, more people will buy stocks than sell them. Where else are people going to put their money if they want it to grow in a qualified retirement plan? It seems to me that every buyer has a seller and vice versa. This explanation for stock market movement never made sense to ...
by White Coat Investor
Wed Apr 17, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau & Reverse Mortgages
Replies: 6
Views: 543

Re: Wade Pfau & Reverse Mortgages

I think that's a bad idea. Wade has had some interesting ideas about whole life insurance and reverse mortgages lately, but I'm not sold on them, especially when he takes insurance company money to write them.
by White Coat Investor
Tue Apr 16, 2019 5:34 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 4373

Re: Why does the stock market go up in the long term?

Because, over the long run, more people will buy stocks than sell them. Where else are people going to put their money if they want it to grow in a qualified retirement plan? It seems to me that every buyer has a seller and vice versa. This explanation for stock market movement never made sense to ...
by White Coat Investor
Tue Apr 16, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: "When Adding to Your Retirement Account is a Bad Idea"
Replies: 29
Views: 3751

Re: "When Adding to Your Retirement Account is a Bad Idea"

Basically, it's never bad. If it is bad, then do Roth conversions and then it isn't bad.

The "RMD Problem" is dramatically oversold (usually by someone selling something) and has a simple solution.
by White Coat Investor
Tue Apr 16, 2019 8:24 am
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9628

Re: seriously thinking about leaving S. CA but where to?

I am retired so I can move anywhere in the country. I have spent countless hours searching for a place to live. Originally , I was searching for a state free of taxes. But it doesn't matter anymore. I just want to leave CA but not sure where. Any suggestions based on the criteria Criteria: 1/ Good ...
by White Coat Investor
Tue Apr 16, 2019 7:24 am
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 23
Views: 2180

Re: How does Alliant Credit Union make money on their Credit Card?

They won't give you a credit limit higher than $25K in the first six months no matter what your income. It really limits how much you can put on it.
by White Coat Investor
Mon Apr 15, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Physician “TO-DO” list for LLC
Replies: 28
Views: 2232

Re: Physician “TO-DO” list for LLC

I am helping my fiancée start a small business (LLC) to capture her income $$ as an independent contractor (1099), she is a physician out of training. What is our “To-Do List”? 1) Accountant? (Do we really need an accountant or can this be done by us assuming a reasonable degree of organization/tim...
by White Coat Investor
Mon Apr 15, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 9439

Re: How do 40 year olds decide what they can afford?

Save enough to reach your goals spend the rest. I think knowing the answer to that statement is the OPs struggle. Many of the commenters are offering helpful ways to thoughtfully evaluate and restrain your desires, a key element of even moderate frugality and a healthy balance sheet. The message I'...
by White Coat Investor
Wed Apr 10, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17348

Re: Bogleheads, why wont anyone hire me?

I always will have a chip on my shoulder bc I do believe it is who you know, not what you know. My next venture is to get a real estate license, I have given up on working for others. You don't want to work for others so you will get into real estate..... :shock: I have some bad news for you. I enj...
by White Coat Investor
Tue Apr 09, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Wife hates new job...wants to quit after 1 day
Replies: 191
Views: 17991

Re: Wife hates new job...wants to quit after 1 day

So my wife just started a new job paying in the low six figures at a multinational Corp and by the end of her first hour she wanted to quit. Her first few minutes at work began with with her new boss who told her that they had just announced a restructuring plan and that a hiring freeze had put in ...
by White Coat Investor
Tue Apr 09, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is a work-at-home job have the same expectations as the office job?
Replies: 63
Views: 3314

Re: Is a work-at-home job have the same expectations as the office job?

I keep reading on Bogleheads about how people with work-at-home jobs are able to get a lot done during the day that is not work related. Things like care for infants, do appointments, or take care of household chores like laundry, making dinner, and the like. My thought was that a normal job allows...
by White Coat Investor
Tue Apr 09, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 9439

Re: How do 40 year olds decide what they can afford?

Save enough to reach your goals spend the rest.
by White Coat Investor
Tue Apr 09, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: What websites do you use for the latest investing news?
Replies: 51
Views: 3849

Re: What websites do you use for the latest investing news?

I like to keep up with the most recent investing news throughout the day Why? it doesn't offer much with respect to good advice There is no good investing information available on TV unfortunately. Just the way it is. The useful stuff usually finds its way here to be honest, and even that is few an...
by White Coat Investor
Sun Apr 07, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in Dec.
Replies: 18
Views: 1785

Re: I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in

I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in December and they seem to be fine with this. My tax man did not see a problem with this. Is this ok? I can pay my entire state tax bill in April without penalty. But lots of states don'...
by White Coat Investor
Sun Apr 07, 2019 7:58 pm
Forum: Personal Investments
Topic: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments
Replies: 52
Views: 3571

Re: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments

At any rate, there's no way to minimize taxes on short term investments since they're paid at ordinary income taxes and gains are paid every year. The key to minimize investment taxes is to use retirement accounts whenever possible and invest tax-efficiently (i.e. long term) in taxable accounts. Or ...
by White Coat Investor
Sun Apr 07, 2019 7:56 pm
Forum: Personal Investments
Topic: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments
Replies: 52
Views: 3571

Re: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments

Hi, I've filed my taxes this year, and summarized my experience here in this blog post: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=277304. In summary, it says: - My W2 number is around 290K, and AGI is around 300K. - I paid an unexpected amount of 17.5K as federal tax, and I will get back...
by White Coat Investor
Sun Apr 07, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in Dec.
Replies: 18
Views: 1785

Re: I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in

I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in December and they seem to be fine with this. My tax man did not see a problem with this. Is this ok? I can pay my entire state tax bill in April without penalty. But lots of states don'...
by White Coat Investor
Sun Apr 07, 2019 5:45 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on this Forbes article? "Why Most Index Funds And ETFs Are Not Good Investments"
Replies: 62
Views: 8768

Re: Thoughts on this Forbes article? "Why Most Index Funds And ETFs Are Not Good Investments"

TLDR:. Index funds only get average returns and capture 100% of every market downturn. Active managers can sell the losers. If one wants to have above average returns use a mix. "use index options for those few asset classes that are widely covered and researched and actively managed choices for al...
by White Coat Investor
Sat Apr 06, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8089

Re: Married couples: can you have a team mentality with separate finances?

One pot. The reason you have friction is because you have two pots (or three). Get rid of the friction by going to one pot. We've had periods in our marriage where she earned more, periods where he earned more, periods where one person didn't earn at all, and periods where both are very well paid. ...
by White Coat Investor
Sat Apr 06, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: HDHP Through S-Corp
Replies: 12
Views: 610

Re: HDHP Through S-Corp

Owners of pass-thru businesses can not receive pre-tax health and welfare benefits. So there could be no deduction for any health insurance premiums and/or HSA contributions. However, S-Corp 2% shareholder-employees can: Take the self-employed health insurance deduction* for the health insurance pr...
by White Coat Investor
Fri Apr 05, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8089

Re: Married couples: can you have a team mentality with separate finances?

One pot. The reason you have friction is because you have two pots (or three). Get rid of the friction by going to one pot. We've had periods in our marriage where she earned more, periods where he earned more, periods where one person didn't earn at all, and periods where both are very well paid. O...
by White Coat Investor
Fri Apr 05, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: HDHP Through S-Corp
Replies: 12
Views: 610

Re: HDHP Through S-Corp

Owners of pass-thru businesses can not receive pre-tax health and welfare benefits. So there could be no deduction for any health insurance premiums and/or HSA contributions. However, S-Corp 2% shareholder-employees can: Take the self-employed health insurance deduction* for the health insurance pr...
by White Coat Investor
Thu Apr 04, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP Through S-Corp
Replies: 12
Views: 610

Re: HDHP Through S-Corp

Owners of pass-thru businesses can not receive pre-tax health and welfare benefits. So there could be no deduction for any health insurance premiums and/or HSA contributions. However, S-Corp 2% shareholder-employees can: Take the self-employed health insurance deduction* for the health insurance pr...
by White Coat Investor
Thu Apr 04, 2019 12:39 pm
Forum: Personal Investments
Topic: 199A Aggregation Rules Question
Replies: 1
Views: 85

Re: 199A Aggregation Rules Question

I think it's a no because you could use the same argument to say a "group of people" own two completely separate businesses with no common owners. Oh well.
by White Coat Investor
Thu Apr 04, 2019 12:34 pm
Forum: Personal Investments
Topic: 199A Aggregation Rules Question
Replies: 1
Views: 85

199A Aggregation Rules Question

One of the five requirements to aggregate businesses for purposes of the QBI deduction is: The same person or group of persons directly or indirectly owns 50% or more of each business to be aggregated. For businesses operated by an S corporation, that means owning 50% or more of the issued and outst...
by White Coat Investor
Tue Apr 02, 2019 10:49 pm
Forum: Investing - Theory, News & General
Topic: Conversion after recharacterization waiting period
Replies: 12
Views: 572

Re: Conversion after recharacterization waiting period

It sounds like you were talking to a new/young guy. The "recharacterization waiting period" only applied to Roth conversions, not recharacterizations. Although I can't find the older IRS 590-B versions online any more, I'm pretty sure the 30-day/end-of year rule applied as long as Roth conversions ...
by White Coat Investor
Tue Apr 02, 2019 2:36 pm
Forum: Investing - Theory, News & General
Topic: Reasonable timeframe to 'average in' to index funds?
Replies: 45
Views: 3450

Re: Reasonable timeframe to 'average in' to index funds?

alex123711 wrote:
Fri Mar 29, 2019 7:16 pm
If the best option is by averaging into the index is to dollar cost average over a long period, what is a reasonable time frame to do this, if one was mostly holding cash.
1 day
by White Coat Investor
Tue Apr 02, 2019 2:06 pm
Forum: Personal Consumer Issues
Topic: Second Favorite Financial Forums
Replies: 8
Views: 1449

Re: Second Favorite Financial Forums

Why would you assume this is someone's favorite? :)
by White Coat Investor
Tue Apr 02, 2019 11:37 am
Forum: Investing - Theory, News & General
Topic: Conversion after recharacterization waiting period
Replies: 12
Views: 572

Re: Conversion after recharacterization waiting period

Interesting. So immediate conversion is now allowed after recharacterizing a Roth IRA contribution to a traditional IRA contribution? Or rather, was always allowed?

Do you know of any published example from the IRS or similar of that?
by White Coat Investor
Tue Apr 02, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Conversion after recharacterization waiting period
Replies: 12
Views: 572

Conversion after recharacterization waiting period

My understanding of doing a Roth conversion after recharacterizing a direct Roth IRA contribution to a traditional IRA contribution is that you must wait the longer of 30 days or until the next calendar year. But I cannot for the life of me find a citation from the IRS about this. I tried Publicatio...
by White Coat Investor
Tue Apr 02, 2019 8:04 am
Forum: Personal Consumer Issues
Topic: Banff/Lake Louise Winter Trip
Replies: 5
Views: 774

Re: Banff/Lake Louise Winter Trip

I'm planning on taking a family trip to Banff/Lake Louise in January or February 2020. We will almost certainly fly into Calgary. We have been to this area in the summer and loved it. We have also been skiing a couple of times. We are not experts, but are comfortable on the blues at western ski res...
by White Coat Investor
Mon Apr 01, 2019 8:05 pm
Forum: Investing - Theory, News & General
Topic: Can A Watch Be Considered An Investment?
Replies: 33
Views: 2064

Re: Can A Watch Be Considered An Investment?

How am I the first to post this link in this thread:

viewtopic.php?f=11&t=27707
by White Coat Investor
Sat Mar 30, 2019 1:39 pm
Forum: Investing - Theory, News & General
Topic: Help on Women and Investing
Replies: 90
Views: 5201

Re: Help on Women and Investing

As a volunteer, I teach an investment course in our community about beginning investing. I don’t sell anything. Not a FA. Just someone who learned. Many men who come are concerned about their wives, mothers, daughters or other women they know who are reluctant investors. I’d like to get more person...
by White Coat Investor
Fri Mar 29, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else get a huge tax increase due to SALT deduction changes?
Replies: 101
Views: 6883

Re: Anybody else get a huge tax increase due to SALT deduction changes?

Did anybody else here get a huge tax increase as a result of the cap on the SALT deduction ? I knew the tax law changes were going to hit high-earners in high-tax states but I hadn't seen too many threads/complaints around tax-time on this board, so I figured it wouldn't be too bad. Rude surprise, ...
by White Coat Investor
Thu Mar 28, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: 17 out of 18 American Funds have beaten the index
Replies: 63
Views: 4639

Re: 17 out of 18 American Funds have beaten the index

5) Some funds will beat the market but you can't identify them reliably in advance I agree with this, but if (and that's a big "IF") 17 out of 18 funds from the same fund family all beat their index, then that's not a coincidence. And as noted by others, I doubt there's much survivorship bias with ...
by White Coat Investor
Thu Mar 28, 2019 8:03 am
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8438

Re: Tattoos and Bogleheads

Tattoo discussions always remind me of this meme: https://www.memedroid.com/memes/detail/837301 I've seen far more tattoos than most people in all kinds of locations. Some look better than others. I think location usually matters more than what the tattoo actually is as far as how I judge the person...
by White Coat Investor
Wed Mar 27, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: American Funds readily available with no loads
Replies: 30
Views: 2027

Re: American Funds readily available with no loads

ftobin wrote:
Wed Mar 27, 2019 7:11 am
Can you help explain why all of your posts are about promoting this fund provider?
I'd also be interested in hearing about any conflicts of interest the OP may have with American Funds.
by White Coat Investor
Wed Mar 27, 2019 7:31 am
Forum: Non-US Investing
Topic: P2P Lending - Europe
Replies: 15
Views: 844

Re: P2P Lending - Europe

Did this for a few years. Actually did pretty well with it. 8-12% returns. But decided that it would be more prudent to just use hard money lending for the same purpose in my portfolio. Less risk, same return. If I can get 10% with properties to foreclose on, why take 10% on signature loans? Now if...
by White Coat Investor
Wed Mar 27, 2019 7:30 am
Forum: Investing - Theory, News & General
Topic: 17 out of 18 American Funds have beaten the index
Replies: 63
Views: 4639

Re: 17 out of 18 American Funds have beaten the index

The other answers are: 1) If investing in taxable, you must also look at post-tax results 2) Survivorship bias 3) Check for cherry-picked time periods 4) A minority of funds will beat the market, usually they are relatively low cost funds (cost is the main reason passive beats active) 5) Some funds ...
by White Coat Investor
Tue Mar 26, 2019 2:19 pm
Forum: Non-US Investing
Topic: P2P Lending - Europe
Replies: 15
Views: 844

Re: P2P Lending - Europe

Did this for a few years. Actually did pretty well with it. 8-12% returns. But decided that it would be more prudent to just use hard money lending for the same purpose in my portfolio. Less risk, same return. If I can get 10% with properties to foreclose on, why take 10% on signature loans? Now if...
by White Coat Investor
Tue Mar 26, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: Adventure Trip Ideas - Pacific NW vs Utah / Wyoming
Replies: 16
Views: 905

Re: Adventure Trip Ideas - Pacific NW vs Utah / Wyoming

Utah deserves its own dedicated 7-10 day trip. You do not have to get all this in on one vacation. Just decide to do one trip this year and one next year. I did the Mighty Five in about 10 days and it was great. If you like hiking you will love this area. https://www.visitutah.com/places-to-go/park...
by White Coat Investor
Tue Mar 26, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Adventure Trip Ideas - Pacific NW vs Utah / Wyoming
Replies: 16
Views: 905

Re: Adventure Trip Ideas - Pacific NW vs Utah / Wyoming

Too ambitious to do both for a 7-10 day trip if you actually want to do some of the stuff you say you enjoy instead of drive the whole time. Which one to do? Well the first will be much less crowded if that helps. The least crowded part of your second itinerary will be when you are hanging out in a...