Search found 14463 matches

by White Coat Investor
Fri May 22, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 85
Views: 5580

Re: Employer cut 403b contribution to zero

Hello Bogleheads. Today, my employer - a research-one university - announced that for the coming fiscal year, there would be no employer contributions to our 403b plans. My contribution has been close to 10k a year. I have maxed my own contributions for the last 14 years. I am 43 and think it very ...
by White Coat Investor
Fri May 22, 2020 8:25 am
Forum: Investing - Theory, News & General
Topic: In taxable, why are bond funds "discouraged" but not money market funds?
Replies: 15
Views: 1434

Re: In taxable, why are bond funds "discouraged" but not money market funds?

I understand that bond funds are somewhat discouraged in a taxable account, but then why are money market funds not discouraged also? Don't they both provide the majority of their returns through ordinary dividends, which are taxed the same? The possibility of using some ultra short bond ETFs in pl...
by White Coat Investor
Thu May 21, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Finally! Income more than doubled - review
Replies: 12
Views: 1827

Re: Finally! Income more than doubled - review

I would count pension contributions toward my savings rate. I wouldn't have a car loan. You make $140K. You can save up a $5K car in one month, a $10K car in two, a $15K car in three etc. I'd pay off the student loans too using the money in the taxable account. Then you're simply dividing the money ...
by White Coat Investor
Thu May 21, 2020 3:00 pm
Forum: Investing - Theory, News & General
Topic: In taxable, why are bond funds "discouraged" but not money market funds?
Replies: 15
Views: 1434

Re: In taxable, why are bond funds "discouraged" but not money market funds?

I understand that bond funds are somewhat discouraged in a taxable account, but then why are money market funds not discouraged also? Don't they both provide the majority of their returns through ordinary dividends, which are taxed the same? The possibility of using some ultra short bond ETFs in pl...
by White Coat Investor
Thu May 21, 2020 9:12 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11359

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

I have read some variant of this thread many, many times, but here goes. I went all cash in my retirement plans (401a,403b,457b) based on Tepper's call last Wed, that the market is the most overvalued he's ever seen except in 1999. His arguments made a lot of sense (also the bearish sentiments of D...
by White Coat Investor
Wed May 20, 2020 8:18 am
Forum: Personal Investments
Topic: Why no HSA at Vanguard?
Replies: 19
Views: 1378

Re: Why no HSA at Vanguard?

While I can understand an argument as to why Vanguard doesn’t want to compete in the CMA arena, why don’t they offer a HSA account offering line Fidelity? After all, an HSA certainly seems like it would fit nicely in Vanguard’s offerings. This is a potential sticking point for me as to deciding whe...
by White Coat Investor
Sun May 17, 2020 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance- What to do at end of Term?
Replies: 37
Views: 2460

Re: Term Life Insurance- What to do at end of Term?

I am 30yo and my fiancé and I are shopping for 20 year term life insurance. we plan on starting a family soon and are building a home. My question is when the term ends I will be 50, and I might want/need life insurance until I'm 65. Most of the term policies are convertible to permanent life insur...
by White Coat Investor
Sun May 10, 2020 10:05 am
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8262

Re: Percentage of savings to "prepping"?

Do you have a formal system of tracking the “use by” stuff (list on the wall, moving older items to the front), or do you just track this mentally? My formal system is to write the date of purchase with a big Sharpie on them. I don't have a 6-month nor 3-month supply of the things that have "best b...
by White Coat Investor
Sun May 10, 2020 10:04 am
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8262

Re: Percentage of savings to "prepping"?

Exactly. I find it wild to learn that there are people that don't have at least weeks worth of food in their homes. While the good stuff would all be gone in a week or two, I'm confident my family could survive on the food currently in the house for 3 months. And we just moved back in after a renov...
by White Coat Investor
Sun May 10, 2020 10:01 am
Forum: Investing - Theory, News & General
Topic: Vanguard Technology Fund
Replies: 82
Views: 3404

Re: Vanguard Technology Fund

Bogleheads - Interesting thought on the Vanguard Technology fund. I had a few Bogleheads actually reach out and send a note regarding the Jack Bogle Two Fund Portfolio inquiring about the possibility of also including the Technology Fund. I never considered that fund and have noted before that Jack...
by White Coat Investor
Sat May 09, 2020 11:12 am
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8262

Re: Percentage of savings to "prepping"?

bayview wrote:
Sat May 09, 2020 11:05 am

Meanwhile, go back-packing, but please not in the middle of a global health and economic crisis! :D
Why not? It's probably the safest place to be and one of the cheapest. I'm spending the entire next week in the wilderness canyoneering.
by White Coat Investor
Sat May 09, 2020 10:50 am
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8262

Re: Percentage of savings to "prepping"?

"It's funny, but what people call "prepping", I call normal shopping." +1 It won't work for people in a dorm room or efficiency apartment, but most suburbanites have room to store quite a bit, and doing so is close to free. For example, olive oil lasts 2 years or so. We go through a Costco bottle e...
by White Coat Investor
Sat May 09, 2020 10:45 am
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8262

Re: Percentage of savings to "prepping"?

I like to have enough on hand to get through a short term natural disaster... like a hurricane that cuts off power for a week. Or floods. A year of supplies? That sounds a bit “doomsday cult”ish. Think about it, if the world went to $*&&#*@‘ such that you needed a year of supplies, what do you do w...
by White Coat Investor
Sat May 09, 2020 10:43 am
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8262

Re: Percentage of savings to "prepping"?

For those Bogleheads that are also "preppers", what percentage of your annual savings do you divert to the prepper stockpile? If not a set percentage, is there some other standard that you apply for how much food, water, and other goods you store? For example, in a religious sect that I used to be ...
by White Coat Investor
Sat May 09, 2020 10:39 am
Forum: Investing - Theory, News & General
Topic: I am always slightly disappointed with my AA
Replies: 48
Views: 3518

Re: I am always slightly disappointed with my AA

And that's how I know I have the perfect AA. It took me 13 years of investing to figure this out this year. When the stock market is at highs or rising quickly, so many people ask about lower bond allocations. "Young investors don't need bonds, bonds are a drag, yields are low, you have 20+ years, ...
by White Coat Investor
Sat May 09, 2020 10:38 am
Forum: Personal Consumer Issues
Topic: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.
Replies: 80
Views: 5322

Re: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.

If you need the care, you either go to a SNF or you bring the SNF to your home. The second costs much more than the first. People in this thread have said "Don't go to a SNF under any circumstances" without any discussion of the alternative. What if we defined the alternative as laying in your own u...
by White Coat Investor
Sat May 09, 2020 10:26 am
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6040

Re: College age kid wrecked his car...

Hello Bogleheads. My college aged son hit a deer last night and totaled his car, he will need one to get to work/school. Fortunately he came through it unharmed. He graduates 2021. I figure I will need to pay $8,000 to $10,000 to replace the car. Not sure to finance or pay cash. I am 59 unemployed ...
by White Coat Investor
Sat May 09, 2020 10:21 am
Forum: Personal Consumer Issues
Topic: Rocks or Mulch?
Replies: 37
Views: 2013

Re: Rocks or Mulch?

If the problem is mostly weeds getting into the lawn, more of a barrier is a good solution. Like a 3 foot terraced rock wall with a 2 foot section of mulch or rock between. If you don't want the weeds down there at all, then you'll have to cover with something. Just throw mulch or rocks on that tarp...
by White Coat Investor
Fri May 08, 2020 11:38 am
Forum: Personal Investments
Topic: $250,000 Debt, High-Income Potential, beginner starting from ZERO
Replies: 37
Views: 4166

Re: $250,000 Debt, High-Income Potential, beginner starting from ZERO

Relatively new here and just starting my journey to financial literacy. Been reading a lot during quarantine but its all theory until put into practice. I'm late 20's. I just graduated medical school and owe $250k in loans (~3.5% interest). I start a 4 year residency training soon and will be makin...
by White Coat Investor
Fri May 08, 2020 9:27 am
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9726

Re: How Do Early Retirees Pay for Medical

62 and ready to retire due to minor health reasons. Wife (61)will still work for a year. $2M in 401k, stocks and IRA. Wife has $300,000 pension. No kids. How do early retirees pay for their medical? I did a recent blog post about this. Lots of variation-ACA, just buy it from a broker, employer prov...
by White Coat Investor
Wed May 06, 2020 6:47 pm
Forum: Personal Consumer Issues
Topic: Craigslist - are these scams?
Replies: 49
Views: 3127

Re: Craigslist - are these scams?

80% of responses are scams. Of the remaining 20%, 80% of those will be dead beats, time wasters, tire kickers etc.. Be patient and just ignore 96% of all responses. Don't indulge them like what you are doing.. If it is priced to sell, that remaining 4% will beat a path to your door. "First person h...
by White Coat Investor
Wed May 06, 2020 6:45 pm
Forum: Personal Consumer Issues
Topic: Craigslist - are these scams?
Replies: 49
Views: 3127

Re: Craigslist - are these scams?

This conversation is so bizarre to me because I buy and sell off classifieds all the time. It's always 100% cash and face to face and sold "as-is". We have a local paper/online classifieds we tend to use more often (ksl.com,) but it's really no different from Craigslist and if that weren't available...
by White Coat Investor
Wed May 06, 2020 4:13 pm
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 550
Views: 144264

Re: Need to be able to do 30 chin-ups

I will be doing chin-ups on July 1. Classic, palms facing me chin-ups. I made a bet with a guy from work that I would be able to do 30 by July 1. He seems to think it is impossible and only some freak of nature would be able to accomplish such a feat. So, my goal is to be able to do 30 chin-ups by ...
by White Coat Investor
Wed May 06, 2020 11:21 am
Forum: Investing - Theory, News & General
Topic: Why do investors care when the market goes down?
Replies: 47
Views: 1756

Re: Why do investors care when the market goes down?

Because after the market crashed in 1929, there was no big recovery until 1936, and the recovery was no more than a chance to get back to even and it only lasted for three months before there was a second crash. There was no sustained recovery and growth until 1945. So if you actually happened to n...
by White Coat Investor
Wed May 06, 2020 9:24 am
Forum: Personal Investments
Topic: Paul Merriman vs JL Collins portfolio head-to-head
Replies: 38
Views: 3772

Re: Paul Merriman vs JL Collins portfolio head-to-head

Not all that different from my portfolio except I'm 60/20/20 stocks/bonds/real estate. But I have a moderate SV tilt. Nice and then you followed up with a nice in-depth post! Thank you!!! https://www.whitecoatinvestor.com/small-cap-value-strategy/ Well, the post was written and scheduled long befor...
by White Coat Investor
Wed May 06, 2020 9:23 am
Forum: Investing - Theory, News & General
Topic: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of
Replies: 60
Views: 7898

Re: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of

There are still articles like this. The Downsides of 401(k)s That You’ve Never Heard Of " ... The limited investment options in a 401(k) plan might be the biggest culprit, as most don’t allow investments in some of the more speculative areas of the market. ... a diversified portfolio of hand-picked...
by White Coat Investor
Tue May 05, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: [thinking about buying a house in LA, wait for RE crash?]
Replies: 56
Views: 3309

Re: do you expect there to be a housing market crash? If so, when?

I am in the process of accumulating a decent downpayment on a home. I noticed that the real estate market has been solid during this crisis - and has even gone slightly up. No it hasn't. Rents aren't being paid, deals aren't happening, those that are happening are only happening at significant disc...
by White Coat Investor
Tue May 05, 2020 1:20 pm
Forum: Investing - Theory, News & General
Topic: Is Disney the most tempting value stock?
Replies: 222
Views: 12988

Re: Is Disney the most tempting value stock?

Hello all, I bought some Disney for my funny money account in early April while it was under $100 per share. I told myself I would consider buying more of it if it crossed under $100 again, and it looks like that might happen this week. I am obviously tempted, and I wanted to reach out to you all, ...
by White Coat Investor
Mon May 04, 2020 2:54 pm
Forum: Investing - Theory, News & General
Topic: Is Disney the most tempting value stock?
Replies: 222
Views: 12988

Re: Is Disney the most tempting value stock?

Hello all, I bought some Disney for my funny money account in early April while it was under $100 per share. I told myself I would consider buying more of it if it crossed under $100 again, and it looks like that might happen this week. I am obviously tempted, and I wanted to reach out to you all, ...
by White Coat Investor
Sun May 03, 2020 8:57 pm
Forum: Personal Consumer Issues
Topic: Car rolled backwards in drive. Operator error
Replies: 23
Views: 2540

Re: Car roll-backwards in drive.

till it stopped, made a clicking sound as it rolled. If a car with automatic transmission is in any non-trivial motion with the engine off, the pawl will struggle to engage (the clicking sound). they did the run along with the truck behind the door trying to stop it type deal. Sounds like the chasi...
by White Coat Investor
Sun May 03, 2020 10:30 am
Forum: Investing - Theory, News & General
Topic: [Are American markets likely to outperform INTL]
Replies: 237
Views: 16052

Re: American exceptionalism

rascott wrote:
Sun May 03, 2020 10:12 am
White Coat Investor wrote:
Sun May 03, 2020 10:04 am
garlandwhizzer wrote:
Sat May 02, 2020 9:52 pm
I'm beginning to wonder who's right:
Stay the course. Intl will again have its day in the sun.
In the long run, we are all dead.
Your portfolio doesn't go with you, don't manage it like it will.
by White Coat Investor
Sun May 03, 2020 10:04 am
Forum: Investing - Theory, News & General
Topic: [Are American markets likely to outperform INTL]
Replies: 237
Views: 16052

Re: American exceptionalism

garlandwhizzer wrote:
Sat May 02, 2020 9:52 pm
I'm beginning to wonder who's right:
Stay the course. Intl will again have its day in the sun.
by White Coat Investor
Thu Apr 30, 2020 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Minor regret with a 15-year mortgage
Replies: 26
Views: 2988

Re: Minor regret with a 15-year mortgage

F150HD wrote:
Thu Apr 30, 2020 12:58 pm
No closing costs.
everytime I read these threads I scratch my head. who paid for the appraisal? who paid the title company?
The borrowers but in the form of a higher rate.
by White Coat Investor
Thu Apr 30, 2020 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Our company just closed our regional office permanently
Replies: 35
Views: 5396

Re: Our company just closed our regional office permanently

One reason it didn't bother me to spend so much time, money, and effort on our new home office was that I thought it would add significant value to the house as I felt it likely that any future buyer would be doing a significant amount of work from home. The trend is definitely going that way.
by White Coat Investor
Wed Apr 29, 2020 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Utah vs Ohio vs Nevada 529 Plan
Replies: 6
Views: 287

Re: Utah vs Ohio vs Nevada 529 Plan

I live in Texas. We used BOTH the Utah and the Ohio plans ages ago. We started with Utah because way then it was clearly the best plan because almost all other state plans did not use index funds and/or had limited choices. Now almost all states are on the passively-managed, low-expense ration inde...
by White Coat Investor
Wed Apr 29, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Utah vs Ohio vs Nevada 529 Plan
Replies: 6
Views: 287

Re: Utah vs Ohio vs Nevada 529 Plan

Just use Ohio. Keep it simple. And 0.04% a year has nowhere near the value of a $4,000 per year deduction. Run the numbers. Even once you have $200K in there, 0.04% per year is only $80/year. That deduction might be worth $200 a year to you. But sure, once you LEAVE Ohio, roll it over as long as the...
by White Coat Investor
Wed Apr 29, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10093

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

I don't think Pfau ever believed the 4% rule was safe did he? He said that the Rule might have worked 90% to 95% of the time when interest rates were in the 5-6% range - that is, historical data. Now he thinks a 4% rule might work 60-70% of the time with current interest rates. He thinks that a “3%...
by White Coat Investor
Wed Apr 29, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10093

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

I don't think Pfau ever believed the 4% rule was safe did he?
by White Coat Investor
Mon Apr 27, 2020 10:51 am
Forum: Investing - Theory, News & General
Topic: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"
Replies: 536
Views: 35583

Re: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"

The problem is dividends tend to be cut when stock prices are going down. +1 Yea yea yea,depends on the company.What else goes down with stock prices,total return and the shares you sell creating your own dividend.Yada Yada Yada Absolutely agree. But the point is that dividends aren't somehow exemp...
by White Coat Investor
Mon Apr 27, 2020 1:11 am
Forum: Personal Consumer Issues
Topic: Go or no go on Carnival cruise
Replies: 114
Views: 6971

Re: Go or no go on Carnival cruise

The park service has cancelled all Grand Canyon river permits at least through May 20. They are offering to reschedule cancelled permits for the same date in 2022 because all 2021 dates have already been handed out in the lottery. I have a permit for September so crossing my fingers the river will ...
by White Coat Investor
Sun Apr 26, 2020 12:58 pm
Forum: Personal Consumer Issues
Topic: Go or no go on Carnival cruise
Replies: 114
Views: 6971

Re: Go or no go on Carnival cruise

I'm going on a cruise in July if I am permitted to do so. However my cruise is on a 16 foot raft on a nearby river. Right now they're not letting anyone else do this "cruise" but I hope that changes by July. I would have been really mad if I had a permit to float the Grand Canyon this Spring. The p...
by White Coat Investor
Sun Apr 26, 2020 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12691

Re: Moving out of NYC due to pandemic

I did my training in NYC and now work with the surgeons who trained me. I am not going to find similar group of supportive people again. Also, as an early career physician, my compensation is almost at the top percentile. Otherwise, I do not have much allure for NYC as such. Everything is so expens...
by White Coat Investor
Sun Apr 26, 2020 10:27 am
Forum: Personal Consumer Issues
Topic: Go or no go on Carnival cruise
Replies: 114
Views: 6971

Re: Go or no go on Carnival cruise

We have to decide very soon whether to pay the remaining cost for a one-week Mexico cruise in late July. We can bail out now and lose $100 deposit. This trip would not involve flying on an airline. Thoughts? I'm going on a cruise in July if I am permitted to do so. However my cruise is on a 16 foot...
by White Coat Investor
Sun Apr 26, 2020 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12691

Re: Moving out of NYC due to pandemic

I did my training in NYC and now work with the surgeons who trained me. I am not going to find similar group of supportive people again. Also, as an early career physician, my compensation is almost at the top percentile. Otherwise, I do not have much allure for NYC as such. Everything is so expens...
by White Coat Investor
Sat Apr 25, 2020 2:36 pm
Forum: Personal Investments
Topic: May have to spend ENTIRE taxable account. Sell all stocks?
Replies: 20
Views: 3310

Re: May have to spend ENTIRE taxable account. Sell all stocks?

Due to the current economic crisis and health issues, I may have to spend my entire taxable account over the next five years in order to reach social security eligibility. My current allocation in taxable is 30/70. I am debating whether I should sell all my stocks and move the funds to cash and/or ...
by White Coat Investor
Fri Apr 24, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9955

Re: physician/APC pay cuts

gasdoc wrote:
Fri Apr 24, 2020 7:57 am
gasman wrote:
Fri Apr 24, 2020 7:15 am
whodidntante wrote:
Thu Apr 23, 2020 8:27 pm
Is it normal for healthcare workers to have this much distrust in the leaders of the organization they work for?
Absolutely yes.
Yes, especially in those fields that have been outsourced to regional/national companies.

gasdoc
Par for the course. Is it different in other fields?
by White Coat Investor
Fri Apr 24, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9955

Re: physician/APC pay cuts

For decades we have been told that preventive medicine and dental is critical. Now it's all being shut down, much of it unnecessarily. We will eventually find out the consequences of all this deferred treatment. Maybe they won't be so bad and we will have learned something. Or maybe they will be ba...
by White Coat Investor
Fri Apr 24, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9955

Re: physician/APC pay cuts

I am employed at a medium-size healthcare organization, which has recently asked for physicians/APCs to take voluntary pay cuts to improve financials within the organization. The system's production has been limited given non-emergent services are cancelled. With telehealth options now available in...
by White Coat Investor
Tue Apr 21, 2020 1:20 am
Forum: Personal Finance (Not Investing)
Topic: How to negotiate severance if laid off?
Replies: 75
Views: 6080

Re: How to negotiate severance if laid off?

Good severance: 1 year of pay for every 2 years worked. Why would an employer pay that? I certainly wouldn't. Why would you want 1/3 of your pay at the end of your stint with the company anyway? As near as I can tell, most of a severance is just an employer that feels badly about having to let you ...
by White Coat Investor
Tue Apr 21, 2020 1:19 am
Forum: Personal Finance (Not Investing)
Topic: How to negotiate severance if laid off?
Replies: 75
Views: 6080

Re: How to negotiate severance if laid off?

Good severance: 1 year of pay for every 2 years worked. Why would an employer pay that? I certainly wouldn't. Why would you want 1/3 of your pay at the end of your stint with the company anyway? As near as I can tell, most of a severance is just an employer that feels badly about having to let you ...