Search found 12451 matches

by White Coat Investor
Sat Apr 29, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: Marriage Advice
Replies: 10
Views: 780

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: 39
Views: 2842

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: 39
Views: 2842

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: 39
Views: 2842

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: 39
Views: 2842

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: 1594

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: 1952

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: 26
Views: 1759

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: 1797

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: 39
Views: 2842

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: 4147

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: 550

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: 550

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: 550

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: 4147

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: 81
Views: 6328

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: 1458

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...
by White Coat Investor
Sun Apr 23, 2017 10:03 pm
Forum: Investing - Theory, News & General
Topic: foreign tax credit for international stocks
Replies: 12
Views: 911

Re: foreign tax credit for international stocks

It's not a bad taxable holding. You certainly do get the foreign tax credit on it. But it's yield is higher than TSMs, so it might not be as tax efficient. is there a better fund to use for international stocks in the taxable? Not really. It's quite broadly diversified, low-cost, low turnover etc.
by White Coat Investor
Sun Apr 23, 2017 10:00 pm
Forum: Personal Consumer Issues
Topic: Removing a tree - expensive!!!
Replies: 81
Views: 6328

Re: Removing a tree - expensive!!!

I've taken down about a dozen trees myself, including at least a couple that were taller than the house and planted within 3 feet of it (yea, don't get me started on what kind of an idiot plants trees that close to the house). Much cheaper and a lot of fun. Safe? Not so much. But the only damage we ...
by White Coat Investor
Sun Apr 23, 2017 9:51 pm
Forum: Investing - Theory, News & General
Topic: foreign tax credit for international stocks
Replies: 12
Views: 911

Re: foreign tax credit for international stocks

It's not a bad taxable holding. You certainly do get the foreign tax credit on it. But it's yield is higher than TSMs, so it might not be as tax efficient.
by White Coat Investor
Sun Apr 23, 2017 5:39 pm
Forum: Investing - Theory, News & General
Topic: Location of SPIAs, which account?
Replies: 54
Views: 2579

Re: Location of SPIAs, which account?

I understand the tax treatment of SPIA payouts from ROTH, Traditional IRAs, and taxable accounts. I am having trouble figuring out the optimum account to buy the SPIA in. In the 33% income tax bracket it looks like a $300,000 annuity in a traditional IRA would give me the same after tax income as a...
by White Coat Investor
Sun Apr 23, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 18191

Re: Any regrets living a frugal life for high income/high networth individuals?

I am Top 5th percentile networth for my age group (40-49) and top 2-3% income with no debt thanks to being frugal and being a boglehead now for 10 yrs. We drive > 8 yr old cars and have a remodeled but modest house In a middle to upper middle class area worth about 650k. We can afford a house twice...
by White Coat Investor
Sat Apr 22, 2017 1:28 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3516

Re: Issue With Real Estate Agent (Seller)

Selling real estate is a bit of a racket ripe for disruption. Hasn't happened yet though. Like Wall Street, the fewer transactions the better. Serial house buying and selling has a serious effect on your ability to accumulate wealth. I agree with the others. The selling agent shouldn't be there when...
by White Coat Investor
Sat Apr 22, 2017 1:24 pm
Forum: Investing - Theory, News & General
Topic: The Skinny on Dividends
Replies: 11
Views: 2361

Re: The Skinny on Dividends

Hi folks! I just opened my Roth IRA today (woot!), and there was a question within the application process that got me thinking... It asked me what I wanted to do with dividend and capital gains distributions. The options were something along the lines of 1. Reinvest or 2. Put the money into some t...
by White Coat Investor
Sat Apr 22, 2017 12:50 am
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 12855

Re: Too much inheritance to handle. Advice needed

Hello everyone, My father passed away a few month ago and my mom and I were left over 1m+ in assets. Right now we have three accounts with a financial advisor who is a close friend of my fathers. He has set up 3 accounts for my mom: Inherited IRA: 400k Brokerage account: 400k Mom's IRA: 200k Both m...
by White Coat Investor
Sat Apr 22, 2017 12:49 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3364

Re: IRS refund today!

letsgobobby wrote:7 days. nice.

Beyond the pleasant surprise at the speed of the refund, I always breathe a sigh of relief when someone else hasn't claimed my refund for himself.


I try to put myself into a position where I owe money (taxes, not penalties) to the IRS every April. No one has claimed my tax bill yet!
by White Coat Investor
Sat Apr 22, 2017 12:43 am
Forum: Personal Consumer Issues
Topic: Terminal Cancer Diagnosis for 5 year old: What would you do?
Replies: 32
Views: 5426

Re: Terminal Cancer Diagnosis for 5 year old: What would you do?

I'm so sorry. What a terrible tragedy. I think the main personal finance issue is going to be medical bills and lost income from time off, both before and after the death. Maintaining medical insurance is key, coming up with funeral expenses might be an issue, and the parents may not be able and rea...
by White Coat Investor
Fri Apr 21, 2017 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Reached 50% of my "number" today
Replies: 20
Views: 4136

Re: Reached 50% of my "number" today

Second half goes a lot faster than the first half!
by White Coat Investor
Thu Apr 20, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to withdraw a positive credit card balance ($2600)?
Replies: 10
Views: 977

Re: How to withdraw a positive credit card balance ($2600)?

Why not just use that card for your monthly spending the next month or two?
by White Coat Investor
Wed Apr 19, 2017 10:47 pm
Forum: Investing - Theory, News & General
Topic: Weight loss and investing
Replies: 35
Views: 3944

Re: Weight loss and investing

bloom2708 wrote:Maybe the start of a sister site:

Bogleheads.org

Boglebodies.org

:o


Do you have to have a heart transplant to join?

viewtopic.php?t=184935
by White Coat Investor
Wed Apr 19, 2017 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 5084

Re: Can I afford private school for my kids?

My wife and I have two kids ages 10 and 6 which are enrolled in the local public school system. It's a decent district with above average test scores. Recently, I have discovered that there is a private school that emphasizes classical Christian education in the area. This appeals to me because: 1....
by White Coat Investor
Wed Apr 19, 2017 10:39 pm
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 5232

Re: How to make best use of lunch with the company president/CEO?

Next week, I (along with a couple of other employees) are scheduled for an informal lunch with the president/CEO of our company. This is part of a program for upper management to meet with employees, and we were randomly chosen. Any tips on good questions to ask or things to say? What can I do to h...
by White Coat Investor
Wed Apr 19, 2017 10:29 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 34696

Re: Larry Swedroe says "Goodby."

Thank you Larry.

And this is how someone feels on one of the sites that is one of the safest, most polite, and least-attacky on the internet. I assure you it is far worse elsewhere.

Nonetheless, a lesson to be learned by all. How you interact matters.
by White Coat Investor
Wed Apr 19, 2017 9:44 pm
Forum: Personal Consumer Issues
Topic: Tips on Uber
Replies: 64
Views: 5026

Re: Tips on Uber

I just started Ubering this year. Maybe a dozen rides. I didn't realize there were passenger ratings until now. So I looked mine up. 4.58. Haven't tipped yet (I thought you weren't supposed to. Isn't that the point of not getting a taxi?) What does my rating matter? Do some drivers go "that guy...
by White Coat Investor
Wed Apr 19, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 12071

Re: Do you have an umbrella policy?

I was on the phone with USAA yesterday. My umbrella is $315 a year for $2M. $3M would be $420 and $5M would be $620.
by White Coat Investor
Wed Apr 19, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: To put 5k into my car loan or just keep it...
Replies: 41
Views: 2385

Re: To put 5k into my car loan or just keep it...

Hello all: My background for 2017- - 20k in my E-Fund {in Ally bank} - 7k in my car bank account - this is extra money I had AFTER I filled my 20k E - Fund + 5k from my tax refund - Taxable account: $1,200 with TSM (I am not a serious investor yet. I just contribute 200 bucks per month) - Already m...
by White Coat Investor
Tue Apr 18, 2017 10:34 pm
Forum: Investing - Theory, News & General
Topic: Real_Estate_Crowd_Funding
Replies: 13
Views: 1276

Re: Real_Estate_Crowd_Funding

I'm intrigued with the idea of fractional shares of real estate deals but concerned with the risks of these relatively new businesses. That sums up my thoughts pretty well. It's still early, but some of my investments have done about as well as advertised and some have underperformed. No wonderful ...
by White Coat Investor
Tue Apr 18, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Starting "web site business". Need an LLC?
Replies: 20
Views: 1635

Re: Starting "web site business". Need an LLC?

And I second the people who point out how cheap and easy it is to set up an LLC.

In my state it's about 10 minutes online and $70 initially, then $15 a year.
by White Coat Investor
Tue Apr 18, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Starting "web site business". Need an LLC?
Replies: 20
Views: 1635

Re: Starting "web site business". Need an LLC?

Agreed. I have some research to do. Let me ask this: can I start work (paying) my web developer to start the project and pay him out of my personal checking, etc. Its going to take a few months. It gives me time to get the project under development. Then go "live" after I figure out my LL...
by White Coat Investor
Tue Apr 18, 2017 6:02 pm
Forum: Investing - Theory, News & General
Topic: Weight loss and investing
Replies: 35
Views: 3944

Re: Weight loss and investing

I agree with the similarities. Like fees, the best way to lose weight is to not gain it (pay it) in the first place. Hard lessons on both fronts. I have a "code red" weight. If I hit that number, I have to eat better and exercise more to get under it. More than "normal" eating g...
by White Coat Investor
Tue Apr 18, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Starting "web site business". Need an LLC?
Replies: 20
Views: 1635

Re: Starting "web site business". Need an LLC?

Does this business have significant liability? If not, why not start as a sole proprietor? You can always transition to an LLC later if you want.
by White Coat Investor
Tue Apr 18, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: TSP: G Fund in lieu of the F Fund
Replies: 17
Views: 1550

Re: TSP: G Fund in lieu of the F Fund

I've always used the G fund instead of the F fund as my nominal bond allocation. Thus far, that's been the wrong decision. Hopefully it won't be in the future. What is your expectation for what the G Fund will do? The F Fund is a total bond fund, including about 30 percent corporate bonds, which in...
by White Coat Investor
Tue Apr 18, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 82
Views: 6491

Re: Did anything surprise you in your 2016 taxes?

The intent of this thread is to spread the word about oddball tax situations that people may not know about to better plan for 2017. With that said, is there anything about your 2016 taxes that caught you off-guard? In my case, it was the retirement saver's credit. Our AGI was lower this year than ...
by White Coat Investor
Mon Apr 17, 2017 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a mortgage into retirement
Replies: 39
Views: 4552

Re: Carrying a mortgage into retirement

Oh wise Bogelheads, My wife and I will be retiring in 4 years at 65 with about ~$2M in total projected retirement assets at that time. Projected annual expenses in retirement (based on current house payment and taxes of 24K per year ): 120K (would be 18K less per year if no mortgage - see below) Br...
by White Coat Investor
Mon Apr 17, 2017 11:06 pm
Forum: Investing - Theory, News & General
Topic: Janus Unconstrained, almost three years in...
Replies: 27
Views: 3429

Re: Janus Unconstrained, almost three years in...

Did you have a question about this? is this thread actionable? i dont see the point. Nice information, but can we just post anything about any funds performance without a question? Please stop complaining about a thread that is 100% about investing. My goodness. No wonder so many threads get shut d...
by White Coat Investor
Mon Apr 17, 2017 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: TSP: G Fund in lieu of the F Fund
Replies: 17
Views: 1550

Re: TSP: G Fund in lieu of the F Fund

I've always used the G fund instead of the F fund as my nominal bond allocation. Thus far, that's been the wrong decision. Hopefully it won't be in the future.
by White Coat Investor
Sun Apr 16, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 171
Views: 26989

Re: USAA 2.5% Cash Back Credit Card

USAA 2.5% Cash Back Credit Card DOES NOT REWARD TAX PAYMENTS! See FAQ re; qualified payments. After paying my 1040 and quarterly Federal income taxes I found I was rewarded 1% of the credit card fee. An expensive lesson learned to be sure. Well that stinks. That was the whole point. Well, mostly. M...
by White Coat Investor
Sat Apr 15, 2017 11:52 pm
Forum: Personal Consumer Issues
Topic: Hiking the Tahoe Rim Trail
Replies: 21
Views: 1687

Re: Hiking the Tahoe Rim Trail

You might want to slow roll your Tahoe hiking plans this year. It is still snowing a LOT in Tahoe. I live there part time and this has been the wettest winter in decades and maybe EVER. It started snowing in January and has not let up much for 3 months. And up high the snow depth is still getting d...
by White Coat Investor
Sat Apr 15, 2017 11:47 pm
Forum: Investing - Theory, News & General
Topic: Janus Unconstrained, almost three years in...
Replies: 27
Views: 3429

Re: Janus Unconstrained, almost three years in...

Wow. It sounds like the investors who stuck with the PIMCO Total Return Fund and didn't bail, had the last laugh. Those who left PIMCO and went to the new Bill Gross fund at Janus must be feeling pretty stupid right now. I don't know, I wouldn't lose that much sleep knowing my $10K underperformed b...

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