Search found 12793 matches

by White Coat Investor
Sun Dec 17, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why You Took an Adjustable Rate Mortgage?
Replies: 24
Views: 1430

Re: Why You Took an Adjustable Rate Mortgage?

At present I have an adjustable rate mortgage (ARM). It is actually an interest-only ARM which keeps my mortgage payment pretty low. This allows me to maximize my tax-sheltered retirement contributions while satisfying my other financial obligations. I have $300K home equity and $200K mortgage. In ...
by White Coat Investor
Sun Dec 17, 2017 6:42 pm
Forum: Personal Consumer Issues
Topic: Overnight guests
Replies: 15
Views: 1433

Re: Overnight guests

You and your partner have a discussion. Decide how often you can live with it. Then your partner tells him what the two of you decided together.
by White Coat Investor
Sat Dec 16, 2017 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 20753

Re: Prepayment of SALT Taxes? [State and Local]

New York Times reporting that this loophole is being closed by the compromise bill. Much ado about nothing apparently (although I'll still pay my 2017 taxes this month.) https://www.nytimes.com/2017/12/15/us/politics/republican-tax-bill.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&...
by White Coat Investor
Sat Dec 16, 2017 12:00 am
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 55
Views: 9136

Re: 2nd million is easier!

I realize this post might be perceived as a humblebrag so please accept my apologies in advance. Financial milestones are not something I can really celebrate/share with family or friends. I am 51 years old and it took me until age 47 to accumulate over 1 million in my investment accounts. It only ...
by White Coat Investor
Fri Dec 15, 2017 11:25 pm
Forum: Personal Consumer Issues
Topic: Uber vs Ambulance - HUGE cost difference
Replies: 58
Views: 6221

Re: Uber vs Ambulance - HUGE cost difference

Ha ha. What kind of OR are you planning to go to for your heart attack? You think the CT surgeon is waiting in there ready to do your CABG? I thought you worked in health care? Your point, however, is right. If medics take you to the hospital for a heart attack and you've actually got a STEMI, it w...
by White Coat Investor
Fri Dec 15, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: Uber vs Ambulance - HUGE cost difference
Replies: 58
Views: 6221

Re: Uber vs Ambulance - HUGE cost difference

If I have a heart attack, I want an ambulance from the very nearby firestation to take me to the hospital. The EMT's should stabilize me and already inform the OR at the hospital that I am coming in, so I get to bypass the ER. Ha ha. What kind of OR are you planning to go to for your heart attack? ...
by White Coat Investor
Fri Dec 15, 2017 3:15 pm
Forum: Personal Consumer Issues
Topic: Uber vs Ambulance - HUGE cost difference
Replies: 58
Views: 6221

Re: Uber vs Ambulance - HUGE cost difference

http://www.wusa9.com/entertainment/buzz60/new-study-shows-that-uber-is-the-new-ambulance-likely-because-of-costs/499665429 or, perhaps a prompt service Taxi? it is not just "cost", either, in my view. In our case, for example, if either DW or I had need for transportation (we or both for some reaso...
by White Coat Investor
Fri Dec 15, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?
Replies: 26
Views: 2342

Re: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?

Hi All, Wondering if I can cull some experience from those who have already retired. For those of us slobs still working in the coal mines, we are all trying to guestimate how much we will need to have the retirement lifestyle we desire. Hoping those who have come before can post how close your pos...
by White Coat Investor
Fri Dec 15, 2017 12:36 am
Forum: Personal Finance (Not Investing)
Topic: What are your favorite tax deductions and credits for 2017?
Replies: 33
Views: 1994

Re: What are your favorite tax deductions and credits for 2017?

Sambuca00 wrote:
Fri Dec 15, 2017 12:34 am
Child credits - yes, raising children costs citizens of your nation money and you should not penalize them if you hope they eventually will be contributing to your country. Ultimately, the war between developed nations will be over fertility rates.
And water.
by White Coat Investor
Fri Dec 15, 2017 12:35 am
Forum: Personal Finance (Not Investing)
Topic: What are your favorite tax deductions and credits for 2017?
Replies: 33
Views: 1994

Re: What are your favorite tax deductions and credits for 2017?

My favorite is state income tax deduction. I like it so much I'm paying 2016, 2017, and 2018 taxes this year.
by White Coat Investor
Thu Dec 14, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 138
Views: 13074

Re: FIRE [financial independence/retire early]

A ton of blogs on FI now because of the 10 year bull run. They rarely talk about health insurance. When the bear market hits I wonder how many of those blogs will stick around. I wonder the same thing. I think it is more the blog market will saturate. MMM makes serious bank (300k+). RootOfGood is m...
by White Coat Investor
Wed Dec 13, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 20753

Re: Prepayment of SALT Taxes? [State and Local]

j0hnd0e wrote:
Wed Dec 13, 2017 10:41 pm
How exactly would one reduce withholdings next year by enough to avoid overpayment?
Be self-employed
by White Coat Investor
Wed Dec 13, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 20753

Re: Prepayment of SALT Taxes? [State and Local]

One thing that gave me pause is some rumors coming out of Congress suggesting the potential $10K SALT deduction could be EITHER property or income taxes. Since my property taxes are only $3700 and my income taxes are well over $10K, I want to be careful to still owe $10K in state taxes in 2018. But...
by White Coat Investor
Wed Dec 13, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 20753

Re: Prepayment of SALT Taxes? [State and Local]

I called the Utah Tax Commission today. They said I could prepay my state income taxes for not only 2018, but also 2019 and 2020 and told me exactly how to do it (basically on the Utah estimated tax form you write in whatever date you like but on the computer version the latest date you can put in i...
by White Coat Investor
Wed Dec 13, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 20753

Re: Prepayment of SALT Taxes? [State and Local]

If I don’t write it in, it’t won’t appear. That much is certain. Let me rephrase my consideration about the cost of first-class stamps: The price for the 2017 edition of Turbo-tax may turn out to be thousands of dollars for some. You can override any line of Turbotax you want. You might have to buy...
by White Coat Investor
Wed Dec 13, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Office party secret santa, how to give the gift of investing?
Replies: 17
Views: 782

Re: Office party secret santa, how to give the gift of investing?

In the white elephant exchanges I've seen the booze seems to be the most popular item.

But with Secret Santa, you know the recipient, so you can "Taylor" the gift a little better.

See what I did there?
by White Coat Investor
Wed Dec 13, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?
Replies: 18
Views: 1059

Re: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?

Business deductions. Every time. Remember that with a tax-deferred account you're just deferring taxes (yes, you get tax-protected growth and potentially an arbitrage at the end) but with a business expense, that money is never taxed. The only real question comes in when you're paying as an S Corp ...
by White Coat Investor
Wed Dec 13, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?
Replies: 18
Views: 1059

Re: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?

Business deductions. Every time. Remember that with a tax-deferred account you're just deferring taxes (yes, you get tax-protected growth and potentially an arbitrage at the end) but with a business expense, that money is never taxed. The only real question comes in when you're paying as an S Corp ...
by White Coat Investor
Wed Dec 13, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA Holders: How Many Of You Max Your Contribution On January 1st?
Replies: 41
Views: 2806

Re: ROTH IRA Holders: How Many Of You Max Your Contribution On January 1st?

Market is closed on January 1st. So I usually do it on Jan 2nd if market is open. Then do the conversion on Jan 3.
by White Coat Investor
Wed Dec 13, 2017 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Thanks! We just let our VG PAS advisor go...
Replies: 14
Views: 3177

Re: Thanks! We just let our VG PAS advisor go...

No surprise there is no hard sell. I think they're salaried aren't they? I get the impression it's run at cost like anything else at Vanguard.
by White Coat Investor
Tue Dec 12, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?
Replies: 18
Views: 1059

Re: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?

Business deductions. Every time. Remember that with a tax-deferred account you're just deferring taxes (yes, you get tax-protected growth and potentially an arbitrage at the end) but with a business expense, that money is never taxed. The only real question comes in when you're paying as an S Corp a...
by White Coat Investor
Fri Dec 08, 2017 12:52 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 102
Views: 7684

Re: Call the top! - Bitcoin

25,000
by White Coat Investor
Fri Dec 08, 2017 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Acts of war term insurance?
Replies: 17
Views: 1606

Re: Acts of war term insurance?

SGLI. I don't know of any others.

Actually, that's not true. It was disability that didn't cover that. I think my life policies did. Maybe you had a 2 year exclusion or something, but they eventually did.
by White Coat Investor
Fri Dec 08, 2017 12:32 am
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 147
Views: 15271

Re: A good friend has nearly $1M in BitCoin what do I tell him?

If the bubble burst, and bitcoin fell to $1,000 tomorrow.. would that be a good time to buy it to store some of my wealth? Why $1000? The value isn't zero.. but what is it? That's what nobody knows. Maybe it's $100. Maybe it's $1,000. Maybe it's $10,000. Maybe it's $100,000. It's in the vertical ph...
by White Coat Investor
Fri Dec 08, 2017 12:29 am
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 62
Views: 6668

Re: CPA: The best profession if you want to make the most money + keep the most money?

But honestly, CPA and MD don't belong in the same sentence when discussing career choices - I couldn't think of 2 more different paths. :thumbsup I'm a half-time MD and half-time financial planner and tax preparer. Trust me, it's a HORRIBLE HORRIBLE career path to shoot for, from a salary or net wo...
by White Coat Investor
Fri Dec 08, 2017 12:28 am
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 62
Views: 6668

Re: CPA: The best profession if you want to make the most money + keep the most money?

Weren't you the guy posting about a month ago who runs a tutoring business but wants to go to medical school? I'm not sure whether to take this post seriously, because of some of the phrasing such as "extremely rich" which honestly sounds immature. But anyway, I am a CPA and would recommend it only...
by White Coat Investor
Thu Dec 07, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 147
Views: 15271

Re: A good friend has nearly $1M in BitCoin what do I tell him?

The reason I don't feel bad for "missing" the Bitcoin boom is that if I bought or mined Bitcoin for pennies "back in the day," there is a 0% chance I would be holding it now. When it got up to $10, I would have sold half. When it got up to $100, I would have sold half... and again and again and aga...
by White Coat Investor
Wed Dec 06, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: "Financial Shock" wealth
Replies: 33
Views: 6125

Re: "Financial Shock" wealth

Dale_G wrote:
Wed Dec 06, 2017 6:21 pm
White Coat Investor wrote:
Wed Dec 06, 2017 5:27 pm
These articles make me feel so wealthy.
That is because it is very likely that you are wealthy :D
Exactly, but sometimes you might not feel like it hanging out in places like this where people are asking if $10M is "enough."
by White Coat Investor
Wed Dec 06, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 8424

Re: Want to sell my Bitcoin, but when?

Up 100% in the last month. Not sure what sell signal you're waiting for. What's that saying about pigs and hogs?

Congrats to all on their successful speculation.
by White Coat Investor
Wed Dec 06, 2017 5:43 pm
Forum: Investing - Theory, News & General
Topic: AQR/Asness - You Can Have Your Momentum Factor and Eat it Too
Replies: 21
Views: 1673

Re: AQR/Asness - You Can Have Your Momentum Factor and Eat it Too

Oh? AQR and Cliff Asness think the momentum factor is real? That seems like an unbiased source.
by White Coat Investor
Wed Dec 06, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Was accidentally placed on Medicaid.
Replies: 16
Views: 1831

Re: Was accidentally placed on Medicaid.

Nobody actually verified your income? That's reassuring. Apparently not. When I filled out my ACA application last year, I was only applying to check if I qualified for subsidies since my current (at the time) insurance plan increased $120+ per month. It didn't notify me for any subsidies that I qu...
by White Coat Investor
Wed Dec 06, 2017 5:27 pm
Forum: Investing - Theory, News & General
Topic: "Financial Shock" wealth
Replies: 33
Views: 6125

Re: "Financial Shock" wealth

These articles make me feel so wealthy.
by White Coat Investor
Wed Dec 06, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Was accidentally placed on Medicaid.
Replies: 16
Views: 1831

Re: Was accidentally placed on Medicaid.

Nobody actually verified your income? That's reassuring.
by White Coat Investor
Tue Dec 05, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5685

Re: Mortgage is About To Be Paid - I'm Scared!

When I started, I put everything to my student loans. The day they left me, I was thrilled. Then I went after the mortgage. It will be paid in about one year. At that moment, I will not have any debt and I will most likely never have any debt again. This is going to be a huge point of change. I am ...
by White Coat Investor
Tue Dec 05, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11225

Re: After financial independence, do you lose motivation for work?

I've always viewed work as a necessity...it's only purpose in my life being to provide financial security and the ability to acquire things I need/want. As I approach FI, I definitely have lost motivation for work, since additional money is no longer a necessity. I'm an accountant, so my work is no...
by White Coat Investor
Tue Dec 05, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)
Replies: 39
Views: 1576

Re: All Investors are Factor Investors

I've been saying this for awhile Any intelligent/ well read investor KNOWS even a TSM investing is investing in a factor, beta/ market factor. I am assuming this is not news from the TSM folks. I am assuming they choose to stop there as they are not interested in learning/ researching/ or better ed...
by White Coat Investor
Tue Dec 05, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11225

Re: After financial independence, do you lose motivation for work?

Maybe some people are motivated by their work and others motivated to earn a living. For those who are motivated to earn a living it would seem that Financial Independence would significantly reduce that motivation. So maybe nothing actually changes you just have 2 groups in the workplace because o...
by White Coat Investor
Tue Dec 05, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11225

Re: After financial independence, do you lose motivation for work?

I've always viewed work as a necessity...it's only purpose in my life being to provide financial security and the ability to acquire things I need/want. As I approach FI, I definitely have lost motivation for work, since additional money is no longer a necessity. I'm an accountant, so my work is no...
by White Coat Investor
Sun Dec 03, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3340

Re: Philanthropy and related issues

Yes, there are many many posts and threads about philanthropy. Many bogleheads are quite generous, but tend not to brag about it. FWIW, I worked many years for a non-profit and charitable contributions were important for my livelihood, so I often encourage folks to make charitable contributions. +1...
by White Coat Investor
Sun Dec 03, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9546

Re: Any retired boglehead doctors out there?

I should have qualified my remarks a bit better: I meant going part time as a mid-career sole or principal earner PCP who is expected to provide continuity of care. Sure, there are plenty of mommy track folks (I have yet to see a daddy track individual) but it seems they are almost always married t...
by White Coat Investor
Sun Dec 03, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9546

Re: Any retired boglehead doctors out there?

Yes. Surgeons can be part time. Many busy hospitals now have acute care surgeons. These are often shift type jobs with a group that feels confident enough in each other to do quite a bit of hand offs. Its a change from the traditional surgical model, but I think its here to stay. It provides quicke...
by White Coat Investor
Sun Dec 03, 2017 2:20 am
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3340

Re: Philanthropy and related issues

Hi All, I am very new to the forum and I certainly don't want to alienate anyone ( or break the rules). I genuinely appreciate the advice I have received. I have yet to see any posts by the financially fortunate people here about donating some of their wealth to charity or other non-profit causes. ...
by White Coat Investor
Sun Dec 03, 2017 2:13 am
Forum: Personal Consumer Issues
Topic: When & how much to donate?
Replies: 108
Views: 8429

Re: When & how much to donate?

I know this forum is focused on finances but my question is more on philosophy of donations. I used to hear a saying, something like "save now and you can donate later in life after you've made your money". Well I'm 44 not married no kids and no debt. Net worth approaching 1m. Annual income 90k. I ...
by White Coat Investor
Sun Dec 03, 2017 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9546

Re: Any retired boglehead doctors out there?

"In fact, most docs would be dramatically happier if they would just cut back to full-time." +1 Many don't have the option. I disagree. Where there's a will, there's a way. You might not be able to work in your desired city or hospital or make what you want or need (based on your chosen lifestyle o...
by White Coat Investor
Sun Dec 03, 2017 1:02 am
Forum: Investing - Help with Personal Investments
Topic: General advice for a new attending physician
Replies: 17
Views: 1801

Re: General advice for a new attending physician

I'd take A, but owning my job is very important to me.
by White Coat Investor
Sat Dec 02, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9546

Re: Any retired boglehead doctors out there?

I have yet to meet a doc who regretted going part-time. In fact, most docs would be dramatically happier if they would just cut back to full-time. "In fact, most docs would be dramatically happier if they would just cut back to full-time." +1 Many don't have the option. I disagree. Where there's a ...
by White Coat Investor
Sat Dec 02, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: TSP I Fund - Director asks board to add emerging markets and small cap int.
Replies: 7
Views: 986

Re: TSP I Fund - Director asks board to add emerging markets and small cap int.

It's a good change. Too late for me though. After 11 years of investing in the TSP, it has finally been filled with the G fund for me as I haven't made a contribution to it in 7 years and it has gradually become a smaller and smaller part of my portfolio. Maybe if I do some huge rollover into it at ...
by White Coat Investor
Fri Dec 01, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Any websites to help find a great doctor?
Replies: 36
Views: 2461

Re: Any websites to help find a great doctor?

No. Sorry. Why not go see one, if you don't like her, go see a different one? The likelihood of you not getting a good one within the first couple of tries is pretty darn low. There just aren't that many bad docs out there. It's not like you're trying to find a good financial advisor at NML. If you ...
by White Coat Investor
Fri Dec 01, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9546

Re: Any retired boglehead doctors out there?

Not even close to retired (I'm aiming for another 30+ years of practice, health-willing) But I've already opted to go part-time I love what I do and I'm already in a lifestyle-friendly specialty. But I find going part-time further improves my quality of life. Hoping to stay healthy and happy enough...
by White Coat Investor
Thu Nov 30, 2017 11:56 pm
Forum: Personal Consumer Issues
Topic: Dentist refusing to refer to specialist?
Replies: 19
Views: 2704

Re: Dentist refusing to refer to specialist?

This sounds ridiculous on the part of BOTH dentist. Not a dentist, but a physician and agree with above. It is poor patient care for the primary to NOT want to fill out which I am assuming is some simple questions just because they don't normally do that. It is poor patient care for the supposed ex...