Search found 12484 matches

by White Coat Investor
Fri May 12, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: My plan to use policy loans to fund first five years of retirement
Replies: 61
Views: 3373

Re: My plan to use policy loans to fund first five years of retirement

My understanding is that you're usually better off taking policy loans last rather than first. Is that to minimize the risk of the policy lapsing? That would be my worry with the OP's plan. Take out loans in the 60's and hope that the policy does not lapse over the subsequent decades. This runs the...
by White Coat Investor
Fri May 12, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Interested in lake property
Replies: 36
Views: 3773

Re: Interested in lake property

What kind of a dock costs $30K? Are you going to live on the doc? :) Maybe that's reasonable for a boat lift or something, I don't know. Never really priced it. At any rate, if it's one of your goals and you can afford it, then go for it. In my mind, "afford it" means paying cash when it c...
by White Coat Investor
Fri May 12, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: My plan to use policy loans to fund first five years of retirement
Replies: 61
Views: 3373

Re: My plan to use policy loans to fund first five years of retirement

Currently in our mid 50's, we tentatively plan on retiring at 65. We do not plan on taking Social Security until 70 nor touching retirement accounts until 70-1/2 when RMDs begin. Our current plan, from age 65-70, is to fund about half of our retirement income with loans from our life insurance poli...
by White Coat Investor
Wed May 10, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Maximum Gain,swinging for the fences
Replies: 65
Views: 4493

Re: Maximum Gain,swinging for the fences

If your goal was to maximize potential gains :oops: with new investment dollars (without regard for loss) between today and 1/1/2021 what would you do with the :moneybag :moneybag :moneybag? 1) Invest 100% in Total Market 2) Invest 100% in Small Cap Value 3) Invest 100% in Emerging Markets 4) Inves...
by White Coat Investor
Wed May 10, 2017 12:58 am
Forum: Investing - Help with Personal Investments
Topic: Schwab PCRA or stick with funds in my 403(b)?
Replies: 4
Views: 344

Re: Schwab PCRA or stick with funds in my 403(b)?

I use the Schwab PCRA because it allows me to pay just $200 (soon to be $400) instead of the AUM fees for the 401(k) and at a high enough level of assets, the flat fee is cheaper even paying a few commissions (only $4.95.) I hold VTI (Vanguard Total Stock ETF) and VSS (Vanguard Small International E...
by White Coat Investor
Sun May 07, 2017 11:09 pm
Forum: Personal Consumer Issues
Topic: First 100 mile bike ride
Replies: 51
Views: 3174

Re: First 100 mile bike ride

I've never done a century, but I can tell you that after 50 miles and 3000 feet elevation gain I'm famished. A granola bar isn't going to cut. I could eat a full lunch on a 50 miler. Would need even more for 100. I have a 10 mile 3000 foot climb right out the backdoor and going up and back down that...
by White Coat Investor
Sun May 07, 2017 12:22 am
Forum: Personal Consumer Issues
Topic: Late October Western Travel Ideas?
Replies: 10
Views: 1038

Re: Late October Western Travel Ideas?

Anyone have any suggestions for a place to travel in late Oct? A few old friends meeting for the first time in a while, Western states (Colorado, Utah area) probably equidistant, 2-3 full days, looking for a mix of fun city and outdoors, willing to drive a few hours outside a city. Thanks! Southern...
by White Coat Investor
Sat May 06, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: Curb Impact Car Doesn't Go
Replies: 13
Views: 1156

Re: Curb Impact Car Doesn't Go

I once tapped a curb in a similar fashion in a newish Sentra rental. I couldn't get the car to move so my passenger tried to exit the car and have a look. His door wouldn't budge. We both grew concerned and climbed out the drivers side. Turns out the front right wheel was relocated rearward about 2...
by White Coat Investor
Sat May 06, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: Road trip to western states
Replies: 38
Views: 1999

Re: Road trip to western states

My wife and I would like to take a driving trip out west to see, well, whatever it is that people love out there...Being from the Chicago area and never going further west than Iowa, I know there is a lot for us to see.. There's nothing good. It's just a huge wasteland. Don't bother venturing past ...
by White Coat Investor
Sat May 06, 2017 9:41 am
Forum: Personal Consumer Issues
Topic: Road trip to western states
Replies: 38
Views: 1999

Re: Road trip to western states

Independence rock in Wy. Is of historical importance for the way to the west. Mailboat on Lake Chelan Washington is by far the most beautiful ferry boat ride in America 2 offbeat ideas for you to consider How many ferry boat rides in America have you done? I haven't done that particular one, but I'...
by White Coat Investor
Sat May 06, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: Road trip to western states
Replies: 38
Views: 1999

Re: Road trip to western states

My wife and I would like to take a driving trip out west to see, well, whatever it is that people love out there...Being from the Chicago area and never going further west than Iowa, I know there is a lot for us to see.. There's nothing good. It's just a huge wasteland. Don't bother venturing past ...
by White Coat Investor
Sat May 06, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: Sensible article on Smart Beta by Jonathan Clements
Replies: 21
Views: 1745

Re: Sensible article on Smart Beta by Jonathan Clements

It's a good article. Since you didn't provide an excerpt and I want the article to get more publicity rather than having the thread closed for violating the forum policy of not posting naked links (really a form of spam when you think about it), I'll post one with my thoughts. Today, in my portfolio...
by White Coat Investor
Sat May 06, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: Crowd funded real estate?
Replies: 32
Views: 2449

Re: Crowd funded real estate?

I've also been exploring, dabbling in, investing in crowdfunded real estate the last few years. I wrote a big blog post about it a little while ago which detailed my returns so far, successes, disappointments etc. Far more work than just buying some REIT index fund. Hopefully worth it. To be honest...
by White Coat Investor
Sat May 06, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: At last, 25 years in America, 1st to buy own house in my family! Help me not screw up!
Replies: 12
Views: 1317

Re: At last, 25 years in America, 1st to buy own house in my family! Help me not screw up!

I just wanted to say congratulations. That's really cool.

Your main costs are the purchase price and the loan, so spend your time and efforts there. That $50 you can save on insurance may take 10 times the effort as $500 you can save on the purchase price.
by White Coat Investor
Fri May 05, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3433

Re: Do you know exactly what % of income you spend?

<20% ignoring taxes, retirement savings, and charity.

A high earner can never really sustainably spend more than 50% since 30% or so has to go to taxes and 20% or so has to go to retirement to sustain the lifestyle later.
by White Coat Investor
Fri May 05, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Crowd funded real estate?
Replies: 32
Views: 2449

Re: Crowd funded real estate?

I've also been exploring, dabbling in, investing in crowdfunded real estate the last few years. I wrote a big blog post about it a little while ago which detailed my returns so far, successes, disappointments etc.

Far more work than just buying some REIT index fund. Hopefully worth it.
by White Coat Investor
Fri May 05, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: Tips From Older Bogleheads?
Replies: 52
Views: 4287

Re: Tips From Older Bogleheads?

Try not to make all the mistakes yourself.
by White Coat Investor
Thu May 04, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Income has increased drastically! What to do now?
Replies: 18
Views: 2189

Re: Income has increased drastically! What to do now?

Why not expand your property rental business?
by White Coat Investor
Thu May 04, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 6628

Re: A Boglehead Guide to Buying Individual Stocks

I'm convinced that beating the market is incredibly hard, that most investors can't do it, and that I am one of those investors. But suppose that an otherwise financially secure Boglehead were to set out to beat the market by buying individual stocks with a small portion of his portfolio (say 10%)....
by White Coat Investor
Thu May 04, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 6628

Re: A Boglehead Guide to Buying Individual Stocks

I'm convinced that beating the market is incredibly hard, that most investors can't do it, and that I am one of those investors. But suppose that an otherwise financially secure Boglehead were to set out to beat the market by buying individual stocks with a small portion of his portfolio (say 10%)....
by White Coat Investor
Wed May 03, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: have you accepted a lower cost lifestyle to retire early?
Replies: 71
Views: 8728

Re: have you accepted a lower cost lifestyle to retire early?

My DW and I are in our mid-40s, and thinking deeply about when we should give up a work life that allows healthy savings, but is taking a toll on body and mind. We live a modest but comfortable life (80k a year expenses) in an expensive large US metro area, and save $60k a year. Since our net savin...
by White Coat Investor
Tue May 02, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Transferring ETF shares to charity
Replies: 17
Views: 902

Re: Transferring ETF shares to charity

Pajamas, You need to know the basis and date acquired because you have to report this when you file the return. Otherwise, the IRS would have no way to know whether you had a gain or loss, or whether long or short. I agree that only long term gains would make sense for donations. But if you don't f...
by White Coat Investor
Tue May 02, 2017 10:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising
Replies: 60
Views: 5343

Re: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising

I've been a bit agnostic about the value of factor investing for the last decade. I ended up splitting the difference- tilting on the domestic side and not tilting on the international side. And a decade later...I'm still not sure what the right answer is. Not sure anyone is ever going to know. I t...
by White Coat Investor
Tue May 02, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: I'm kinda sorta in the 2-comma club
Replies: 23
Views: 3649

Re: I'm kinda sorta in the 2-comma club

Well done! Welcome.
by White Coat Investor
Mon May 01, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella policy
Replies: 23
Views: 3143

Re: Turned down for umbrella policy

I have auto and condo insurance through Geico and recently requested an umbrella policy quote. Apparently I do not qualify due to having an at-fault accident only my record. FWIW, it was a minor auto accident in an ice storm in Jan 2014 in which Geico paid out about $1500. Has anyone else been turn...
by White Coat Investor
Mon May 01, 2017 11:55 am
Forum: Investing - Theory, News & General
Topic: Transferring ETF shares to charity
Replies: 17
Views: 902

Re: Transferring ETF shares to charity

Pajamas wrote:Use the average of the high and low prices for the day.

https://www.irs.gov/publications/p561/ar02.html#d0e888


Thanks!
by White Coat Investor
Sun Apr 30, 2017 11:29 pm
Forum: Investing - Theory, News & General
Topic: Transferring ETF shares to charity
Replies: 17
Views: 902

Transferring ETF shares to charity

So, I transferred some ETF shares to a charity. I know my basis, but I don't know the price at which the transfer was made and Vanguard won't tell me, at least online. It reports it as $0.00. It's been a week already. Any idea what price to use to calculate the size of the charitable donation for my...
by White Coat Investor
Sun Apr 30, 2017 5:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard adviser - advice when not carrying a mortgage into retirement
Replies: 57
Views: 4451

Re: Vanguard adviser - advice when not carrying a mortgage into retirement

or live in LCOL city. Just because it's cheaper than San Francisco doesn't make it a LCOL city! Salt Lake is basically mid range (100.6) whereas San Francisco is 164 and Indianapolis is 87. https://www.infoplease.com/business-finance/us-economy-and-federal-budget/cost-living-index-selected-us-cities1
by White Coat Investor
Sun Apr 30, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Lowest hassle, highest return way to buy real estate in a far-away location for use as a hedge?
Replies: 12
Views: 1152

Re: Lowest hassle, highest return way to buy real estate in a far-away location for use as a hedge?

If you're not interested in publicly traded REITs (best vehicle IMHO is the Vanguard REIT Index fund) due to high correlation with your other stocks, then consider crowdfunded investments or a private real estate fund rather than direct ownership, even via a "turnkey" company.
by White Coat Investor
Sun Apr 30, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market Fund (VMMXX)
Replies: 24
Views: 3560

Re: Vanguard Prime Money Market Fund (VMMXX)

I don't know about OP's tax rates but you may want to also consider VMSXX ( Vanguard Municipal Money Market Fund ) which has an SEC yield of 0.78%. A comparable taxable MM fund would have to have a yield of 1.08% ( at 28% Fed tax rate). I would choose VMSXX over VMMXX in that case. Yea, I just real...
by White Coat Investor
Sun Apr 30, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising
Replies: 60
Views: 5343

Re: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising

I've been a bit agnostic about the value of factor investing for the last decade. I ended up splitting the difference- tilting on the domestic side and not tilting on the international side. And a decade later...I'm still not sure what the right answer is. Not sure anyone is ever going to know.
by White Coat Investor
Sat Apr 29, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market Fund (VMMXX)
Replies: 24
Views: 3560

Re: Vanguard Prime Money Market Fund (VMMXX)

Wow! It's up to 0.96%. Sounds like I'll be moving back soon too. Wonder what Ally will do when it sees so much money moving back to Vanguard? They already bumped up the yield by 5 basis points, but at the rate prime is moving the last couple of months it may be significantly higher than Ally in a ve...
by White Coat Investor
Sat Apr 29, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: Marriage Advice
Replies: 10
Views: 1393

Re: Marriage Advice

You pretty much have to put the marriage ahead of everything else in your life if you want it to endure. Before career. Before hobbies. Before kids. Before in-laws. Before money. I can't think of anything else that brings as much happiness into life though. I'm a huge fan and proponent of marriage. ...
by White Coat Investor
Sat Apr 29, 2017 12:34 am
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 45
Views: 3744

Re: If you pay a high AMT, would you take out $1M mortgage?

I don't need to have a home of this size and in close proximity to downtown D.C. when we retire. In the mean time, the full cost including property taxes and insurance represents 20% of our gross income, and that percentage will drop significantly soon due to a promotion, and it will drop steadily ...
by White Coat Investor
Fri Apr 28, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 45
Views: 3744

Re: If you pay a high AMT, would you take out $1M mortgage?

I'm closing on Monday, May 1, on a $1.32M house in a HCOL area, the City of Falls Church. It's a 2017 finished new construction, with 4,500 SF, 6 bedrooms, and 5.5 baths. It's got a yard, nice community, and a short 5 minute walk to downtown Falls Church. It's also 7 minutes from two metro (DC subw...
by White Coat Investor
Fri Apr 28, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 45
Views: 3744

Re: If you pay a high AMT, would you take out $1M mortgage?

A 1M mortgage Is not for most, but it can be an added strategy during high income years if of course you end up cashing out your equity in the end or rent it. If you're just keeping it as a permanent homestead that you live in until you die, well you're just dumping more money into your home, not i...
by White Coat Investor
Fri Apr 28, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 45
Views: 3744

Re: If you pay a high AMT, would you take out $1M mortgage?

I think AMT applies to us on account of our deductions (high taxes, 4 children). We pay a large AMT in addition to our 33% tax bracket because of our itemized deductions. This year our gross income is around 400K. Exactly. You're talking about buying a house that costs over three times your gross i...
by White Coat Investor
Fri Apr 28, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Grandmother will run out of money after stroke
Replies: 8
Views: 1780

Re: Grandmother will run out of money after stroke

This is when the "spend down to Medicaid" strategy applies. The good news is that she probably gets the same thing she's been paying for.
by White Coat Investor
Fri Apr 28, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Just switched to Vanguard and TOTALLY overwhelmed
Replies: 18
Views: 2214

Re: Just switched to Vanguard and TOTALLY overwhelmed

You're going to be fine. Everyone feels this way when they put their first buy and sell orders in. Soon it will be second nature.
by White Coat Investor
Thu Apr 27, 2017 11:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard adviser - advice when not carrying a mortgage into retirement
Replies: 57
Views: 4451

Re: Vanguard adviser - advice when not carrying a mortgage into retirement

my 401k is through Vanguard. i was able to have a complimentary session with one of their advisers. she mentioned I will be needing 80% of my current income in retirement. I said no way will i need this much because i would no longer be saving for retirement, college, would be in a lower tax bracke...
by White Coat Investor
Thu Apr 27, 2017 11:30 pm
Forum: Personal Consumer Issues
Topic: Doctor bill question
Replies: 29
Views: 1991

Re: Doctor bill question

I directly supervise NPs and PAs and have for my entire career in multiple facilities and practice scenarios. If you couldn't bill as much or nearly as much for a NP/PA seeing the patient as the doctor, there would be no jobs for NP/PAs. The point of these advance practice clinicians, at least in ar...
by White Coat Investor
Thu Apr 27, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 45
Views: 3744

Re: If you pay a high AMT, would you take out $1M mortgage?

No. I can't think of any circumstances that would induce me to take out a $1M mortgage, especially if I was making so little that the AMT applied to my taxes. But I understand that people in high cost of living areas make different housing choices than I do. Remember that in personal finance you win...
by White Coat Investor
Thu Apr 27, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: "I don't want to wait till I'm 59.5
Replies: 28
Views: 4351

Re: "I don't want to wait till I'm 59.5

This blogger does a nice job of analyzing all the different ways to access retirement funds early, including the "radical" idea of just paying the penalty: http://www.madfientist.com/how-to-access-retirement-funds-early/ Seems silly with all the ways to avoid it. Lots of exceptions to the...
by White Coat Investor
Thu Apr 27, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp? C Corp? No corp?
Replies: 11
Views: 632

Re: S Corp? C Corp? No corp?

And yes, get an EIN and an individual 401(k).
by White Coat Investor
Thu Apr 27, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp? C Corp? No corp?
Replies: 11
Views: 632

Re: S Corp? C Corp? No corp?

Obviously if the tax changes Trump recently proposed become law, recommendations on this topic will change dramatically.
by White Coat Investor
Thu Apr 27, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp? C Corp? No corp?
Replies: 11
Views: 632

Re: S Corp? C Corp? No corp?

You mean 1099 work, not W-9. You give them a W-9, they give you a 1099. At any rate, welcome to the ranks of the self-employed. For the most part for small business folks like docs and other professionals, corporations are for reducing business liability (not malpractice) but an LLC often does the j...
by White Coat Investor
Thu Apr 27, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: "I don't want to wait till I'm 59.5
Replies: 28
Views: 4351

Re: "I don't want to wait till I'm 59.5

This blogger does a nice job of analyzing all the different ways to access retirement funds early, including the "radical" idea of just paying the penalty: http://www.madfientist.com/how-to-access-retirement-funds-early/ Seems silly with all the ways to avoid it. Lots of exceptions to the...
by White Coat Investor
Thu Apr 27, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: Removing a tree - expensive!!!
Replies: 85
Views: 7140

Re: Removing a tree - expensive!!!

You might be able to take down a small tree by yourself, but I wouldn't try that with a large one. The maple that they cut down for me was 4-5 ft diameter at the base. It had one large limb the size of some smaller trees that extended out over the house. You couldn't even start on the limb without ...
by White Coat Investor
Thu Apr 27, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Fed and newbie boglehead seeking portfolio advice
Replies: 17
Views: 1574

Re: Fed and newbie boglehead seeking portfolio advice

First-time poster seeking your help given our growing portfolio, 11 years to possible early retirement, and the knowledge that we are complete novices compared to the expertise here! I’m a federal employee currently overseas for a couple of years with my wife and two young kids, returning to the HC...

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