Search found 13309 matches

by White Coat Investor
Wed Oct 17, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: New to HSAs need help - HSA Bank (TD Ameritrade) + Cigna
Replies: 11
Views: 521

Re: New to HSAs need help - HSA Bank (TD Ameritrade) + Cigna

So my open enrollment just started for 2019...I'm planning on moving to our HDHP+HSA, but I'm not clear on how the actual investing works - the reading material from HR doesn't detail what I'm looking to know. - MONEY LOGISTICS: Is it just like having another bank account (like a Wells Fargo but at...
by White Coat Investor
Wed Oct 17, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: How to avoid exposure from owning rental properties
Replies: 6
Views: 510

Re: How to avoid exposure from owning rental properties

Hello, How does one protect oneself from the exposure caused by rental property investments? Deeds are pubic info and anyone can find out what one owns. I have 2 rental homes (both on mortgage, though) and I am trying to figure out how to protect myself and my family from bad actors out there. Move...
by White Coat Investor
Wed Oct 17, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: independent advisor
Replies: 21
Views: 1604

Re: independent advisor

Looking to work with a new independent hourly advisor. credentials are CFP EA CPA. Early retirement advice re: unemployed x 1.75 yrs at age 61, asset allocation, tax-efficiency distributions, possible Roth conversion vs.proceeds from taxable acct., LTC planning, social index fund, etc. What do you ...
by White Coat Investor
Tue Oct 16, 2018 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting: Long term vs. short term losses.
Replies: 15
Views: 1581

Re: Tax loss harvesting: Long term vs. short term losses.

OK, thanks. Would a target date fund in a tax advantaged account that contains some VTIAX be considered substantially identical? No. Moreover, the poster above is incorrect: the IRS has never indicated that it considers employer-sponsored plans (e.g., 401k, 401a, 403b) for wash-sale purposes. You c...
by White Coat Investor
Tue Oct 16, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2746

Re: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?

I am thinking of purchasing $10 worth of tickets for each. I understand by math it's almost equal to throwing cash in sewage. But counting in two exciting and expecting nights before the drawing time, I guess the 20 bucks investment is worthwhile? :mrgreen: https://www.cnn.com/2018/10/16/us/megamil...
by White Coat Investor
Tue Oct 16, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2746

Re: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?

“Investment” You used that word twice. There is no “investment” here. There is an entertainment purchase. Perhaps you could even stretch the word “speculation” to cover this. But not investment. Expected return is zero. No it's not. It's negative. Half the money goes to the states, so your expected...
by White Coat Investor
Tue Oct 16, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Zion Nat'l Park & mosquitos in October?
Replies: 17
Views: 1373

Re: Zion Nat'l Park & mosquitos in October?

First, thanks for all the advice on this board wrt visiting national parks. We are going to be hiking in Zion National Park later this October, and I'm trying to figure out if I need to pack insect repellent. On the one hand, it's October (and not very warm!); on the other hand, I'm a mosquito magn...
by White Coat Investor
Mon Oct 15, 2018 10:11 pm
Forum: Personal Consumer Issues
Topic: trip to Grand Cayman & dieting [while on vacation]
Replies: 40
Views: 2654

Re: trip to Grand Cayman & dieting

WRT dieting: a few tricks- order what you want and put on another plate what you’ll eat up front; stick to diet drinks and no fruit juice; get soda water with a lime twist. Set your clock and get up at the same time each morning- then hit the gym hard first thing. Make it a strong habit- first thin...
by White Coat Investor
Mon Oct 15, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Maui - Ka'anapali Beach Hotel
Replies: 15
Views: 1980

Re: Maui - Ka'anapali Beach Hotel

We have a trip to Maui coming up in January 2019. We're a bit tardy with lodging plans, and are finding limited/expensive choices. The Ka'anapali Beach Hotel came up on Trip Advisor at a considerable discount vs. your Hyatts, Sheratons, and Marriotts. Anyone have any feedback for this hotel? I've r...
by White Coat Investor
Mon Oct 15, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: Is it better to have fewer investment choices?
Replies: 23
Views: 1724

Re: Is it better to have fewer investment choices?

I've been thinking about moving all my accounts to Vanguard and just investing directly in the index funds, despite their disadvantages relative to ETF's. The reason is that I feel by limiting the number of investment options, as well as the ease with which I might trade, I prevent myself from maki...
by White Coat Investor
Mon Oct 15, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: I401k Contribution Limits
Replies: 7
Views: 424

Re: I401k Contribution Limits

Hello, I'm a small business owner and have an Individual 401k plan. My understanding on limits is the following 1) Employee Portion up to $18,000 2) Employer Portion up to 20% of income 3) Total amount cannot exceed 54,000. My understanding is that as a self employed person, I can do that full amou...
by White Coat Investor
Mon Oct 15, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 4849

Re: Kids not interested in money / allowance

You need to tie money to something they want/love. Probably video games given the age/gender.
by White Coat Investor
Mon Oct 15, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Placing mother in nursing home - advice
Replies: 37
Views: 3771

Re: Placing mother in nursing home - advice

We have a situation where my sister has been a full-time caretaker for my mother, who is in her 80's, disabled and in a wheelchair, and needs catheterizing, help preparing meals, etc. My sister's son recently had a baby, and my sister is adamant about putting my mother in a nursing home, moving to ...
by White Coat Investor
Mon Oct 15, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Is your Taxable account crowed with "highly correlated" but not "substantially identical' funds? how else can you TLH
Replies: 15
Views: 1074

Re: Is your Taxable account crowed with "highly correlated" but not "substantially identical' funds? how else can you TL

This was the Forbes article I was referring to. I have not had a chance to see if there is any case law on the subject matter. https://www.forbes.com/sites/baldwin/2012/06/05/wash-sale-trap-what-is-substantially-identical/#78afab2f72d7 Unfortunately, this article repeats the untruth The IRS “wash s...
by White Coat Investor
Mon Oct 15, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: Maui - Ka'anapali Beach Hotel
Replies: 15
Views: 1980

Re: Maui - Ka'anapali Beach Hotel

We have a trip to Maui coming up in January 2019. We're a bit tardy with lodging plans, and are finding limited/expensive choices. The Ka'anapali Beach Hotel came up on Trip Advisor at a considerable discount vs. your Hyatts, Sheratons, and Marriotts. Anyone have any feedback for this hotel? I've r...
by White Coat Investor
Mon Oct 15, 2018 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 70
Views: 4888

Re: Is it worth filing FAFSA even if you know you'll get nothing?

Some schools make you fill it out even to be eligible for merit based scholarships. My son's college gave $1K in aid for filling out FAFSA. I recall being shocked at how high our calculated EFC was. Yes. I did a post about it once where I filled out a FAFSA for a typical doc. It turns out your EFC ...
by White Coat Investor
Mon Oct 15, 2018 1:45 am
Forum: Personal Consumer Issues
Topic: Maui - Ka'anapali Beach Hotel
Replies: 15
Views: 1980

Re: Maui - Ka'anapali Beach Hotel

We have a trip to Maui coming up in January 2019. We're a bit tardy with lodging plans, and are finding limited/expensive choices. The Ka'anapali Beach Hotel came up on Trip Advisor at a considerable discount vs. your Hyatts, Sheratons, and Marriotts. Anyone have any feedback for this hotel? I've r...
by White Coat Investor
Sat Oct 13, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 70
Views: 4888

Re: Is it worth filing FAFSA even if you know you'll get nothing?

Some schools make you fill it out even to be eligible for merit based scholarships. My son's college gave $1K in aid for filling out FAFSA. I recall being shocked at how high our calculated EFC was. Yes. I did a post about it once where I filled out a FAFSA for a typical doc. It turns out your EFC ...
by White Coat Investor
Fri Oct 12, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 70
Views: 4888

Re: Is it worth filing FAFSA even if you know you'll get nothing?

Some schools make you fill it out even to be eligible for merit based scholarships.
by White Coat Investor
Fri Oct 12, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Website article on lawsuits over hospital balance / surprise billing
Replies: 56
Views: 2308

Re: Website article on lawsuits over hospital balance / surprise billing

I purchased health care this week in an urgent situation. The practice does not accept any insurance. I was seen and taken care of. They told me it cost $532. I gave them my credit card and paid the bill and thanked the doctor for seeing me. How easy was it to get the price ahead of time? Was it a ...
by White Coat Investor
Fri Oct 12, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Website article on lawsuits over hospital balance / surprise billing
Replies: 56
Views: 2308

Re: Website article on lawsuits over hospital balance / surprise billing

I purchased health care this week in an urgent situation. The practice does not accept any insurance. I was seen and taken care of. They told me it cost $532. I gave them my credit card and paid the bill and thanked the doctor for seeing me. Medical care is expensive stuff. A lot of people wish it w...
by White Coat Investor
Wed Oct 10, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1553759

Re: Stocks tumbling?

Anyone know what could potentially be causing this drop? There does not appear to be any significant recent events that could cause investors to be concerned. Trying to mutter to myself "stay the course stay the course." I guess we just need to be patient and wait to see what happens...Trying to bl...
by White Coat Investor
Wed Oct 10, 2018 2:24 am
Forum: Personal Finance (Not Investing)
Topic: You're in the Top 1% if you have $2.5 million
Replies: 21
Views: 3411

Re: You're in the Top 1% if you have $2.5 million

I'd also note that the typical trust management firm seeking "ultra-high-net worth" client assets sneers at sub-$30M portfolios. It's my impression that apart from the very tiny, walled-off sect of billionaires and those reasonably aspiring to become billionaires, you need to have $30-50M to cut an...
by White Coat Investor
Wed Oct 10, 2018 2:18 am
Forum: Personal Finance (Not Investing)
Topic: You're in the Top 1% if you have $2.5 million
Replies: 21
Views: 3411

Re: You're in the Top 1% if you have $2.5 million

What is says is that people who are top 1% income earners have average savings of $2.5 million. That’s not to say that having $2.5 million puts one in the top 1% by savings (or at least, by the savings they’re measuring; hard to say whether it’s comprehensive). That's my understanding as well. The ...
by White Coat Investor
Tue Oct 02, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help; Two Young Physicians
Replies: 7
Views: 679

Re: Portfolio Help; Two Young Physicians

Hi everyone, Thanks in advance for any help. Fairly new to investing. Just started a job in the private world after residency, wife (married this year) in 1st year of 3 in fellowship. Neither of us have debt, we both own cars outright, and are renting a home. Here's how everything breaks down thus ...
by White Coat Investor
Sun Sep 30, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.
Replies: 87
Views: 8479

Re: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.

Let me ask you guys this first though, has this kind of specialised portfolio investing made anyone here an actual multimillionaire? Yes. Here's how to get rich: # 1 Make a lot of money # 2 Save a big chunk of what you make # 3 Invest it in some reasonable way # 4 Insure/protect it well I came to t...
by White Coat Investor
Sat Sep 29, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 70
Views: 6059

Re: Do Bonds Go in Taxable?

Ok, this argument continues to pop up, and I feel like a crazy person to keep telling people to not put bonds in their Roth IRA or taxable account when they don't have to. So I turn to the number crunchers to debunk my way of thinking. So the scenario: In this day and age (2018), MFJ, 24% marginal ...
by White Coat Investor
Sat Sep 29, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 123
Views: 14466

Re: Sears, a 125 year old company is now a penny stock.

Keep this in mind whenever anybody starts saying that a portfolio of a few good blue-chip stocks are not risky, if they are stocks in truly great companies, household names, that "aren't going to go away." Because "everybody will always need" refrigerators, sensible clothing, and durable tools. My ...
by White Coat Investor
Sat Sep 29, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 129
Views: 14766

Re: Should we stay in Crazytown because there's no where to run?

Beginner investors have trouble staying the course in a market downturn. Intermediate investors have trouble staying the course in a prolonged bull market. Successful investors always stay the course with a reasonable plan designed for them. Yes, by staying invested I will get hammered in the next d...
by White Coat Investor
Fri Sep 28, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 73
Views: 4710

Re: How to pay for upcoming medical / IVF expenses

denovo, I think you do not understand the emotions of a couple who want their own child and are finding it difficult to conceive. Financial calculations are secondary to that need and they can adapt to that later. The couple is in early 30s - so the IVF chances are good. They will decline every yea...
by White Coat Investor
Fri Sep 28, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Public Student Loan Forgiveness Program Rejects 99% of Applicants
Replies: 27
Views: 2403

Re: Public Student Loan Forgiveness Program Rejects 99% of Applicants

"99% rejected" makes a great headline, but an even better one would be "70% of PSLF didn't bother reading the rules and 28% couldn't fill out the form right." If I thought I could get $200-300K (a very nice year's salary) out of a program, I would sure as heck put some time and effort into understan...
by White Coat Investor
Thu Sep 27, 2018 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: What to invest in Etrade with a Boglehead philosophy?
Replies: 3
Views: 327

Re: What to invest in Etrade with a Boglehead philosophy?

How about Vanguard ETFs (specifically the index ones?)
by White Coat Investor
Thu Sep 27, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7552

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

Extending the benefits of tax and asset protection is a good thing. I'm serious about checking out Lange's Retire Secure. I have read it. The math doesn't work in general out because of the graduated tax bracket system. You are rarely in a place where not taking out the money tax free from a tradit...
by White Coat Investor
Wed Sep 26, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7552

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

Two things to keep in mind; 1) The RMD does not hit 7% until you are 86. This means that if your investments are earing 7% then you do not have to actually start drawing down your IRA until you are 86 since up until then it would be growing faster than the RMD. 2) Look at what happens to the unneed...
by White Coat Investor
Wed Sep 26, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7552

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

The high level point is that for people that don't oversave, this is rarely an issue. You need the combo of working til 70 (after all if you retire at 55 or 60 you have 10 years of sucking money out before RMDs start. Unless of course you are doing that dumb spend taxable first strategy;)) and craz...
by White Coat Investor
Wed Sep 26, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7552

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

The high level point is that for people that don't oversave, this is rarely an issue. You need the combo of working til 70 (after all if you retire at 55 or 60 you have 10 years of sucking money out before RMDs start. Unless of course you are doing that dumb spend taxable first strategy;)) and craz...
by White Coat Investor
Wed Sep 26, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7552

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

Two things to keep in mind; 1) The RMD does not hit 7% until you are 86. This means that if your investments are earing 7% then you do not have to actually start drawing down your IRA until you are 86 since up until then it would be growing faster than the RMD. 2) Look at what happens to the unneed...
by White Coat Investor
Wed Sep 26, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7552

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

Most HNW couples are forced to have most of their savings in taxable accounts. They are limited in how much they can put into tax deferred a counts. WCI is in an unusual situation that permits him to defer a large share of his income. Not any more. I'm now in the same situation as most HNW couples....
by White Coat Investor
Wed Sep 26, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7552

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

Peter Foley wrote:
Mon Sep 24, 2018 11:07 pm
I don't disagree with the quote presented, but a very small percentage of the population is in the 37% federal marginal tax bracket.
An even smaller percentage will be in it in retirement.
by White Coat Investor
Wed Sep 26, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7552

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

I think some hear are losing sight of the difficulty it takes to get enough tax-deferred assets for RMDs alone to cause a real tax problem. It's far from easy to get $10 million or more in tax-deferred accounts by retirement age. In most situations where some might perceive a problem to exist, it's...
by White Coat Investor
Wed Sep 26, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7552

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

Thanks for featuring my post on the forum. Two comments: # 1 Absolutely the post is aimed at high-income professionals, typically physicians, dentists, attorneys etc. Usually with incomes in the $100-800K range and typically in the 32-37% marginal tax brackets now. These folks are also unlikely to b...
by White Coat Investor
Mon Sep 24, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6366

Re: Emotional Investor - I'm a mess and need help!

I rarely say this, but I think you could use a good advisor (not a family member) who offers good advice at a fair price and will help protect you from your own tendencies. A fee based financial planner can clearly help keep you on track with the first. I'm sure you meant fee-only, as fee-based mea...
by White Coat Investor
Mon Sep 24, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7641

Re: Best way to get $100k cash

What happens at the end of the year? Are you hoping to find another 0% credit card? Or will you have the money then? I will pay the 100k off throughout the year from my monthly savings. I have about $150k savings every year after 401k, 529, IRA, etc. Okay, seems reasonable if you can get the credit...
by White Coat Investor
Mon Sep 24, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7641

Re: Best way to get $100k cash

This is weird. Why do you care if you owe the money to the mortgage division of the bank vs the credit card division? At most you're going to save $3,625 doing this. Is that the goal? Do you have $100K to pay off this debt now? Will you have it in a year? Why not just send it to the lender as you g...
by White Coat Investor
Mon Sep 24, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: Ripped off by a locksmith
Replies: 75
Views: 5725

Re: Ripped off by a locksmith

I've read most locksmiths charge people before unlocking because people see how easy it was then refuse to pay. I'm curious as to what he could have done had you only agreed to pay $100 since your door was already open. Moral of the story- locksmiths should make it look hard to open the door. Then ...
by White Coat Investor
Mon Sep 24, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7641

Re: Best way to get $100k cash

Hello, is there any way to get - $100k from like credit card cash advance or some other way - with 0 (or low) fees - with a year of 0% APR. I can pay it off before the 1 year deadline when the 0% APR ends. Basically, I am looking to pay off my 3.625% mortgage balance. Most of my current credit card...
by White Coat Investor
Sun Sep 23, 2018 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6366

Re: Emotional Investor - I'm a mess and need help!

Hello everyone. This email is long overdue from me and I finally found the guts and time to write it. I appreciate this forum and all those who spend precious time helping others with investment advice. Here's my story: I am a 40-year old physician relatively well to do with about 300k to invest a ...
by White Coat Investor
Sun Sep 23, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 73
Views: 4710

Re: How to pay for upcoming medical / IVF expenses

$200K income. $20K expense. Why not stop saving for retirement for a few months to get the $20K? You should be saving something like $30-40K for retirement. Remember that lots of people don't even start saving for retirement until their 40s. If you can't afford IVF on an income of $200K, how do you...