Search found 12535 matches

by White Coat Investor
Wed Jun 28, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: To keep my Whole Life Insurance Policy or not
Replies: 8
Views: 344

Re: To keep my Whole Life Insurance Policy or not

Wow. What kind of a jerk sells someone with a very middle class income a policy for 20% of their income? Unbelievable. After 6 years hopefully you'll get most of your money back though, although with significant opportunity cost. Still, better than buying a $60K/year policy and realizing the mistake...
by White Coat Investor
Wed Jun 28, 2017 1:05 am
Forum: Investing - Theory, News & General
Topic: Life Strategy funds down more that Target Date
Replies: 3
Views: 690

Re: Life Strategy funds down more that Target Date

Hi, Today the market was down but it seems the Life Strategy funds took a disproportionate hit. For example, if you look at the Vanguard LifeStrategy Moderate Growth Fund, it is down -1.42%. This is more than any of the 4 funds which comprise Moderate Growth. The 2020 Target date fund which is made...
by White Coat Investor
Tue Jun 27, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Payment to Dr's office
Replies: 11
Views: 944

Re: Payment to Dr's office

Just stay in touch. If you call them once a month or so and ask about it they're not going to send you to collections. The process is way slower than any of us would like. I occasionally get a foreigner who wants to pay their ED bill in full at the time of service (like 3 am.) It's basically impossi...
by White Coat Investor
Tue Jun 27, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: 5% of portfolio balance a better SWR than 3-4% inflation-adjusted?
Replies: 27
Views: 2727

Re: 5% of portfolio balance a better SWR than 3-4% inflation-adjusted?

The drift here seems to be towards ever-lower SWR's versus 4% and little or no discussion about going higher. Just keep putting money into SPIAs until you no longer care about the answer to this question. Voila- you're done. I can't believe how much time people spend thinking about, calculating, wr...
by White Coat Investor
Tue Jun 27, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Any Reason to Stay With USAA?
Replies: 21
Views: 1309

Re: Any Reason to Stay With USAA?

Fishing50 wrote:I'll only buy insurance from USAA. Being a member did not help me refi a mortgage in 2009. :annoyed


Should have done it in 2006 when they were doing it in 15 minutes on the phone.
by White Coat Investor
Tue Jun 27, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Any Reason to Stay With USAA?
Replies: 21
Views: 1309

Re: Any Reason to Stay With USAA?

I have a 403(b) and a SEP at USAA. I have nothing bad to say about them, but their investment options aren't very appealing. I can consolidate the 403(b) funds with my other 403(b) at TIAA. I can move the SEP to Vanguard. I was not in the military, so I'm not eligible for insurance through them. Is...
by White Coat Investor
Mon Jun 26, 2017 3:45 pm
Forum: Investing - Theory, News & General
Topic: The 5 Pitfalls of Mutual Funds by,....
Replies: 22
Views: 1666

Re: The 5 Pitfalls of Mutual Funds by,....

Don't know why people are feeling defensive (didn't read the article or watch the video) but there are certainly issues with mutual funds. It just happens that the upsides usually outweigh the downsides. But here are some of the downsides: Additional expenses (expense ratio kind of stuff) Lots of ba...
by White Coat Investor
Mon Jun 26, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?
Replies: 38
Views: 2144

Re: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?

When in doubt, take stuff out. Buyers want to imagine their stuff in your house, not see your stuff there. Besides, the more you take out, the larger the house appears to be. But if you're thinking about selling it with the house, then obviously leave it in. Don't expect to get more money for doing ...
by White Coat Investor
Mon Jun 26, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Crazy(?) Adviser Advice: "I don't believe in bonds"
Replies: 48
Views: 4577

Re: Crazy(?) Adviser Advice: "I don't believe in bonds"

I recently left a financial adviser who was managing my money. In one of our last conversations I asked him to talk me through how he'd invested my portfolio. I'm 25 years from retirement, and my ROTH was invested 100% in equities. During the conversation he said many things that, after reading man...
by White Coat Investor
Mon Jun 26, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Won an ATV in a raffle...now what?
Replies: 39
Views: 2926

Re: Won an ATV in a raffle...now what?

Pay any taxes due, but you shouldn't need to register it if you don't drive it before selling it.
by White Coat Investor
Sun Jun 25, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: S corp salary timing
Replies: 7
Views: 740

Re: S corp salary timing

strongboy2005 wrote:My question is does the IRS care when I pay myself? .


No. But when you do pay yourself, you need to withhold appropriately. The rest of the time you can just pay the quarterly estimated taxes on the distributions.
by White Coat Investor
Sun Jun 25, 2017 1:12 am
Forum: Investing - Theory, News & General
Topic: 5% of portfolio balance a better SWR than 3-4% inflation-adjusted?
Replies: 27
Views: 2727

Re: 5% of portfolio balance a better SWR than 3-4% inflation-adjusted?

The drift here seems to be towards ever-lower SWR's versus 4% and little or no discussion about going higher. Just keep putting money into SPIAs until you no longer care about the answer to this question. Voila- you're done. I can't believe how much time people spend thinking about, calculating, wr...
by White Coat Investor
Fri Jun 23, 2017 7:38 pm
Forum: Investing - Theory, News & General
Topic: Anyone have a habit of checking the market all day?
Replies: 38
Views: 2303

Re: Anyone have a habit of checking the market all day?

Maybe its because Im a young investor but I find myself checking the market everyday once it opens and periodically throughout the day. I get excited when it goes even by pennies and upset when it goes down.. I have a 3 fund and I really should be taking a set it and forget it approach.. Or at leas...
by White Coat Investor
Fri Jun 16, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 102
Views: 9831

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

Nope, looks like you're considering everything. I think your math is right too, but didn't actually check it.
by White Coat Investor
Fri Jun 16, 2017 8:00 am
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 103
Views: 9333

Re: Anyone else gotten totally bored with investing?

Once you realize the extra effort doesn't do you any good, you tend to focus your effort elsewhere and just accept the market returns. There are places in investing in additional effort has the potential to pay off- things like real estate investing for instance- much less efficient.
by White Coat Investor
Thu Jun 15, 2017 11:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 102
Views: 9831

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

I've spent a lot of time thinking about this and was way too slow to move to savings accounts 8 years ago so I was Johnny on the spot moving back this Spring. Are you saying that you have already moved from Savings Account (e.g. Ally) to VMMXX for cash? Kind of. I'm in the tax exempt MMF. High tax ...
by White Coat Investor
Thu Jun 15, 2017 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Funds To Use in Taxable Portfolio
Replies: 28
Views: 2920

Re: Bond Funds To Use in Taxable Portfolio

Fellow Bogleheads, For a taxable portfolio, the recommendation here is to use Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) if tax bracket is 25% or higher. 20% of my taxable portfolio is in VWIUX. Should I be concerned that there is too much muni exposure and consider adding so...
by White Coat Investor
Thu Jun 15, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving for a better public high school?
Replies: 32
Views: 2125

Re: Is it worth moving for a better public high school?

We are a family of 4 (one middle school-er and one in elementary). We currently live in a house that we bought brand new around 10 years ago. With the current payments we're scheduled to be mortgage free in the next 10 years (at most). The high school we're zoned in to is ranked in the 700s by US N...
by White Coat Investor
Thu Jun 15, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: Top and bottom of AA usefulness
Replies: 19
Views: 1604

Re: Top and bottom of AA usefulness

By which I mean, that there is a range wherein no asset allocation plan will suffice to meet a goal of retirement, and a range within which there must be no downside to any extreme position of asset allotment. The lower range, from nothing to a full emergency fund, seems obvious, although the end p...
by White Coat Investor
Thu Jun 15, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Disability Ins- Resident physician
Replies: 5
Views: 473

Re: Disability Ins- Resident physician

Hard to know without shopping for a new policy. I would take your policy to an independent agent, have them look at it, see what you can get on the open market right now from the big 5-6 companies, and if it is better, change. If not, keep what you have. The fact that you're asking this question tel...
by White Coat Investor
Thu Jun 15, 2017 7:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 102
Views: 9831

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

I've spent a lot of time thinking about this and was way too slow to move to savings accounts 8 years ago so I was Johnny on the spot moving back this Spring. The bank can pay you whatever it wants. As long as it can loan money for more than it is paying its depositors, it could work out well for th...
by White Coat Investor
Thu Jun 15, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Newly minted military doc seeking help
Replies: 13
Views: 1278

Re: Newly minted military doc seeking help

The advice you've received in this thread is better than you would get from 95% of financial advisors out there, and far cheaper.
by White Coat Investor
Thu Jun 15, 2017 6:58 pm
Forum: Investing - Theory, News & General
Topic: Always better to place bonds tax-efficiently?
Replies: 7
Views: 567

Re: Always better to place bonds tax-efficiently?

Unfortunately, it's more complicated than you think. The upside is that it doesn't matter all that much whether bonds go in taxable or not with our current low interest rates. The downside is it is almost impossible to know whether FOR YOU bonds in taxable is the right move. You're basically weighin...
by White Coat Investor
Thu Jun 15, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Opening 529's for my kids. Am I missing anything?
Replies: 12
Views: 1710

Re: Opening 529's for my kids. Am I missing anything?

We are going to open 529 plans for our 4 kids and are trying to decide between Utah and VG's 529 Nevada plan. I know they're both great and I'm leaning toward VG's 529 because we already have all our investments with Vanguard. Here are my questions...thanks in advance for all help: 1. We should ope...
by White Coat Investor
Thu Jun 15, 2017 12:46 am
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 31
Views: 3941

Re: Contractor took deposit but never did any work. What next?

I'd get a lawyer and take his advice and ignore the rest of what is posted in this thread.

You might be surprised what a letter from a lawyer may get you.
by White Coat Investor
Thu Jun 15, 2017 12:37 am
Forum: Investing - Theory, News & General
Topic: Utah 529 plan changing age-based glide paths
Replies: 14
Views: 1150

Re: Utah 529 plan changing age-based glide paths

I'm in a custom plan anyway because I don't find the age based ones aggressive enough. Thanks for the comment. Could you elaborate on what you think would be a more appropriate asset allocation within a 529? Would you share the glide path you're using? My concern is that too aggressive a glide path...
by White Coat Investor
Wed Jun 14, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: Utah 529 plan changing age-based glide paths
Replies: 14
Views: 1150

Re: Utah 529 plan changing age-based glide paths

I'm in a custom plan anyway because I don't find the age based ones aggressive enough. Thanks for the comment. Could you elaborate on what you think would be a more appropriate asset allocation within a 529? Would you share the glide path you're using? My concern is that too aggressive a glide path...
by White Coat Investor
Wed Jun 14, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a 25% pay cut for more professional satisfaction?
Replies: 57
Views: 3421

Re: Would you take a 25% pay cut for more professional satisfaction?

I'm making a choice between three positions: two positions come with a 25% pay cut but more professional satisfaction, stronger staff culture (have worked for both managers previously), and opportunities to advance, other position pays more but does not have clear avenues for advancement and less e...
by White Coat Investor
Wed Jun 14, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Newly minted military doc seeking help
Replies: 13
Views: 1278

Re: Newly minted military doc seeking help

Hello everyone! First off I just want to say how much the forum (and the book!) have helped increase my personal finance knowledge. I still have a long way to go. I just graduated from medical school and will be working as a US Navy physician continuing my training at a naval hospital. I have no me...
by White Coat Investor
Tue Jun 13, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Utah 529 plan changing age-based glide paths
Replies: 14
Views: 1150

Re: Utah 529 plan changing age-based glide paths

I'm in a custom plan anyway because I don't find the age based ones aggressive enough.
by White Coat Investor
Tue Jun 13, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 131
Views: 12044

Re: GEICO auto rates vs. USAA: too good to be true?

It's gotten a little better with the discount for owning Berkshire Hathaway. That's a no brainer. If you're going to use GEICO, buy a share. How much is the discount? That sounds great. Do you have $249,000 sitting around you can lend me so I can buy a share? :mrgreen: BTW, I currently have an NJM ...
by White Coat Investor
Tue Jun 13, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5316

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

"if we are at the beginning of a major market crash, should I at least tilt that allocation slightly towards bonds and perhaps a bit more international?" Of course not. If we are at the beginning of a major market crash, you should put all your money into a 3x leveraged inverse S&P ET...
by White Coat Investor
Tue Jun 06, 2017 10:17 pm
Forum: Personal Consumer Issues
Topic: Trailer Towing Tidbits?
Replies: 49
Views: 2300

Re: Trailer Towing Tidbits?

Also, talk to me about safe driving speeds with a trailer. I was planning on driving no faster than 10 mph under the speed limit and staying in the right lane for the most part. That should allow me to automatically keep pretty good distance from the person ahead of me who will most likely be going...
by White Coat Investor
Tue Jun 06, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 3233

Re: Suit for residency interviews

Wear a suit. One without holes. That's good enough. Seriously. Don't spend a bundle, you're going to need that money for something else.
by White Coat Investor
Tue Jun 06, 2017 4:22 pm
Forum: Personal Consumer Issues
Topic: Trailer Towing Tidbits?
Replies: 49
Views: 2300

Re: Trailer Towing Tidbits?

I've never pulled a trailer before. In a few weeks I'll be leaving Southside Virginia bound for Colorado - about a 1700 mile trip. Vehicle is a Mercedes ML-350, gasoline-fueled SUV with new mud-and-snow-tread tires. Trailer hitch is after market installed by a large, trailer dealership that does th...
by White Coat Investor
Tue Jun 06, 2017 1:40 am
Forum: Personal Finance (Not Investing)
Topic: NY vs Utah 529?? Can't decide!
Replies: 23
Views: 1915

Re: NY vs Utah 529?? Can't decide!

I'm in Utah so I use the Utah plan. If I was in NY, I'd use the NY plan and not feel a bit badly about it. Both are great. NY slightly cheaper, UT has DFA funds. That's really it.
by White Coat Investor
Sun Jun 04, 2017 11:41 pm
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 105
Views: 6841

Re: Flying first class, business, versus economy.

Man you guys make me feel like a cheapskate. Economy domestic, economy to the carribbean, economy to Europe. I do agree it's not fun. I could afford to pay for upgraded seats, but I'd prefer to just suffer cramped in with the rest of the pleebs. You're in a chair! Flying through the sky! Watching 6...
by White Coat Investor
Sun Jun 04, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Please talk me out of a turnkey rental property
Replies: 76
Views: 5237

Re: Please talk me out of a turnkey rental property

I know it's tough to buy rental property in California, but no way would I own another rental property in another state directly, no matter how "turnkey" it was.
by White Coat Investor
Sun Jun 04, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should I add a 4th fund or stick with what I have?
Replies: 16
Views: 1476

Re: Should I add a 4th fund or stick with what I have?

If I was going to recommend anything, it would be to simplify further. Why not just stick the Roth in the same Target fund and call it a day? That's a good idea, thank you! Exactly. If a TR fund is good enough or part of your portfolio, it's good enough for all of it. I don't use balanced funds at ...
by White Coat Investor
Sun Jun 04, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Young resident physician seek advice
Replies: 7
Views: 967

Re: Young resident physician seek advice

Good advice in that first reply. :) 1) Don't confuse financial independence with early retirement. Just because you expect to reach FI in 12 years, doesn't mean you will retire then. The reason people scale back the risk near retirement is sequence of returns risk. All you need is an alternate plan ...
by White Coat Investor
Sun Jun 04, 2017 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Should I add a 4th fund or stick with what I have?
Replies: 16
Views: 1476

Re: Should I add a 4th fund or stick with what I have?

My tendency to just put my money into my retirement accounts and forget about it has served me fairly well so far but with what's going on in the world, I'm concerned about how things are allocated. I think I'm currently at 85/15 and for my age (39) it's recommended that I be closer to 70/30. Curre...
by White Coat Investor
Sat Jun 03, 2017 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: TSP G Fund as Emergency Fund?
Replies: 10
Views: 1593

Re: TSP G Fund as Emergency Fund?

While I don't deny that this is a good idea, it's really a very small potatoes idea only for those who are really optimizers rather than satisficers. I mean, we're talking about the difference between 1% and 2% on $10-30K, so perhaps $150 a year. It's not going to make or break anyone's retirement.
by White Coat Investor
Fri Jun 02, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Bogle: Even indexing can be too much of a good thing
Replies: 25
Views: 4246

Re: Bogle: Even indexing can be too much of a good thing

I doubt we need 25% of the market being actively managed to maintain enough efficiency that indexing works. I'd guess less than 5% would be enough.
by White Coat Investor
Thu Jun 01, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is Flagship membership status worth a $50 [transaction] fee?
Replies: 40
Views: 5208

Re: Is Flagship membership status worth a $50 one time fee?

I recently made flagship and haven't gotten a single benefit out of it.
by White Coat Investor
Wed May 31, 2017 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2559

Re: Losing money on vehicle, should I or shouldn't I?

Some problems can be solved with money. If you have the money, use it to solve those problems.
by White Coat Investor
Wed May 31, 2017 12:30 am
Forum: Personal Consumer Issues
Topic: Tell me about Alaska
Replies: 60
Views: 6521

Re: Tell me about Alaska

an_asker wrote: but would really love to see Denali at least


Go in the Winter then. You're almost guaranteed to see it from Anchorage. In the summer, it's visible maybe 1 out of 7 days. Big gamble that, even if you're in the area 2-3 days.
by White Coat Investor
Tue May 30, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2559

Re: Losing money on vehicle, should I or shouldn't I?

If you can afford to trade it for what you want, then do so. That means you can afford to piss away the $3-6K loss. I don't know your financial situation, but if it is such that that amount is no big deal, then I'd trade. If it is a big deal, then you might have to sell it and do without for a while...
by White Coat Investor
Tue May 30, 2017 9:18 am
Forum: Personal Consumer Issues
Topic: How best to care for someone who frequently falls
Replies: 32
Views: 2585

Re: How best to care for someone who frequently falls

Unfortunately if the cause is not reversible the general trend is one of deterioration- more falls over time and eventually some injuries from them. Do we have a service that helps people up? Yea, it's called 911. The firemen come out with the medics and pick you up and put you back in your chair or...
by White Coat Investor
Mon May 29, 2017 7:49 pm
Forum: Personal Consumer Issues
Topic: best watch for climbing/mountaineering?
Replies: 9
Views: 816

Re: best watch for climbing/mountaineering?

Can anyone recommend a good watch with an altimeter/GPS for hiking, climbing, and/or mountaineering? Perhaps one in the Garmin line? Many thanks. Just started using something new in the last month, a Gaia GPS app for the iphone. It's like $20 and when you leave cell coverage you need to download th...
by White Coat Investor
Mon May 29, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 15361

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

I am not sure why NO ONE seems to take into account the ultimate answer of just adapt to the situation. That is what one does in every aspect of their non investment life. But now when you throw something like "sequence of return risk" out there folks have to come up with some complicated...

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