Search found 13510 matches

by White Coat Investor
Thu Jan 17, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: Any MD pursued a CFA? Thoughts?
Replies: 6
Views: 332

Re: Any MD pursued a CFA? Thoughts?

Any physicians out there pursued a CFA charter holder? I am a practicing physician in early/mid career and truly enjoy my job (not looking for an escape from medicine). I see myself happily practicing for another 20+ years. However, I am a little bored and want to dive into something else. I have g...
by White Coat Investor
Wed Jan 16, 2019 11:11 pm
Forum: Investing - Theory, News & General
Topic: The Worth Of A Man: A Tribute To John C. Bogle
Replies: 39
Views: 4182

Re: The Worth Of A Man: A Tribute To John C. Bogle

Good column. You know you're the closest thing we have left to someone like Jack right? Big shoes to fill. No pressure.
by White Coat Investor
Mon Jan 14, 2019 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: young-ish physician windfall
Replies: 10
Views: 2083

Re: young-ish physician windfall

Hello, 39 yo physician here. My practice is selling and I will receive a windfall of low to mid 7 digits in a month or so. About two years ago I started trying to take control of my finances by reading books and joining this forum. I am grateful in advance for your advice on how to best manage this...
by White Coat Investor
Sat Jan 12, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5579

Re: How did you solve the pre-medicare healthcare riddle?

That's what I pay every month for health insurance. It's expensive stuff. Me too. I delayed retiring to ensure we had enough set aside worst case for premiums. Me too My pension alone disqualifies us from subsidies. I, like most people these days don't have a pension. And not everybody has access t...
by White Coat Investor
Fri Jan 11, 2019 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless About Personal Finance At Age 30: Grew Up Poor, Now Make $400K+. Have No Clue What To Do With Money.
Replies: 29
Views: 5482

Re: Clueless About Personal Finance At Age 30: Grew Up Poor, Now Make $400K+. Have No Clue What To Do With Money.

Hi everyone! I've skimmed this a little bit and honestly it is SO overwhelming for me. As a bit of an introduction, [OT comment removed by admin LadyGeek] We used credit cards irresponsibly, tax refunds were for new TVs or other dumb stuff, and living paycheck-to-paycheck was an understatement. We ...
by White Coat Investor
Fri Jan 11, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5579

Re: How did you solve the pre-medicare healthcare riddle?

Why is this complicated? How do you plan for food, property taxes, and travel expenses? Same way, right? Here are some Chicago area rates: You see this is not exactly like planning for food, property taxes and luxuries like travel expenses. The original poster asked about what people have done to n...
by White Coat Investor
Fri Jan 11, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10071

Re: Millionaire by 40 and How you Did it?

I would also like to learn how you became a millionaire by 40 and how you did it? Was it purely large annual income, frugal habits, or both? Also, how rare is a million dollar net worth by 40? 5% of the US population or possibly under 1%? It was both. Don't know percentages but I would imagine unde...
by White Coat Investor
Fri Jan 11, 2019 5:37 pm
Forum: Personal Consumer Issues
Topic: Who's flying?
Replies: 55
Views: 6234

Re: Who's flying?

Flew two days this week in OR, WA, UT with no indication of differences from my normal travel experiences. That's using TSA precheck, but lines did not look inordinately long for regular passengers either. Maybe the problem with government shutdowns is too much is normal when things are shut down. ...
by White Coat Investor
Fri Jan 11, 2019 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5579

Re: How did you solve the pre-medicare healthcare riddle?

If you don't have enough money to retire early and buy your own health insurance, you don't have enough money to retire early. This is an oversimplification for average people. ACA subsidy strategies are not known to everyone. How should people plan for huge deductibles? Also a pending court case d...
by White Coat Investor
Fri Jan 11, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5579

Re: How did you solve the pre-medicare healthcare riddle?

BH: I would really like to hear some real-life examples of anyone who retired or semi-retired PRE MEDICARE and how they funded healthcare. This assumes you do not have a healthcare agreement with a prior employer. The most obvious solution is one of two spouses taking a job FT or PT primarily for t...
by White Coat Investor
Fri Jan 11, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5579

Re: How did you solve the pre-medicare healthcare riddle?

So I've got to go buy my own health insurance on the open market. So I'll call up my health insurance broker and buy a policy. Why wouldn't an early retiree do the same? The big question is if you will actually be able to do that in the future, and if you can how much will it cost. It is hard to pl...
by White Coat Investor
Thu Jan 10, 2019 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 7251

Re: Is buying a $700K first home crazy?

My spouse and I are long-time renters looking to purchase our first home within the next year. The rub is that we would like to skip buying a starter home and move into something that has more of our wants. However, we live in a VHCOL of area, so mid-range homes are generally around $700K. We’ve sa...
by White Coat Investor
Thu Jan 10, 2019 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5579

Re: How did you solve the pre-medicare healthcare riddle?

BH: I would really like to hear some real-life examples of anyone who retired or semi-retired PRE MEDICARE and how they funded healthcare. This assumes you do not have a healthcare agreement with a prior employer. The most obvious solution is one of two spouses taking a job FT or PT primarily for t...
by White Coat Investor
Thu Jan 10, 2019 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9850

Re: Are we at "Peak FI"?

PS you should interview yourself on your podcast some time, maybe have one of your kids ask the questions or something. It would be interesting to know why you made the choices you did as you progressed in your career. A lot of the guys around here shut down when you talk about money, but I know th...
by White Coat Investor
Thu Jan 10, 2019 11:21 pm
Forum: Investing - Theory, News & General
Topic: Salary, Portfolio size, and Asset Allocation
Replies: 33
Views: 2733

Re: Salary, Portfolio size, and Asset Allocation

That was very interesting. It is a different topic altogether but also sort of in line with what Im asking. What I did find interesting was this response on the thread: Most people factor in their future working/income potential into their asset allocation when they consider their ability to take r...
by White Coat Investor
Thu Jan 10, 2019 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13813

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Unfortunately for most people this kind of flexibility does not exist. I agree that many jobs don't provide this flexibility. But if you make choices throughout your life and career in order to maximize this kind of flexibility, you might be surprised how much flexibility you can get. Some of the c...
by White Coat Investor
Thu Jan 10, 2019 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9850

Re: Are we at "Peak FI"?

That's Dr. White Coat to you! :) Both. I can live off my physician income. I can live off my blog income. I can live off what I could get by selling WCI, LLC. I can live off the investments I have now completely separate from the website. I'm definitely FI and definitely not RE. I agree RE is the b...
by White Coat Investor
Wed Jan 09, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13813

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

I tell you what. Wife and I thought we were living well above our means but somehow I managed to save 30k this year. I ‘only’ made 143 and yet have 12k in bank and 18 in 401. This after spending 20k in medical expenses. The thing is we blew our money as much as we could saying wed get it out if our...
by White Coat Investor
Wed Jan 09, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13813

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Just looking for the millionaires on here that did it on less than a $100k average annual household income, and what your main keys to success were? Also, if you wouldn't mind posting at what age you achieved this milestone and any other relevant facts. Thanks! I have a family member who never made...
by White Coat Investor
Wed Jan 09, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13813

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

These are the most interesting posts IMO - the $80-120k/yr households with kids, no huge windfalls, etc. The one "benefit" of being in that income range is that you can get your taxes down pretty low, probably still qualify for some decent federal/state credits, if you save a lot. I think it's just...
by White Coat Investor
Wed Jan 09, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13813

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Question for the under $100k income millionaires. Do you have any regrets... I almost fit the mold, the last few years I've cracked the 100k mark. I think this happens a lot. When people start focusing on their finances, they find ways to make more money, which allows them to save more money, which...
by White Coat Investor
Wed Jan 09, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13813

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Also, I think anyone wondering how to become rich on a low income needs to give serious consideration to something I've learned over the last decade- barring disability or similarly difficult life situations increasing your income is not nearly as hard as it seems when you've never made more than $5...
by White Coat Investor
Wed Jan 09, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13813

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Just looking for the millionaires on here that did it on less than a $100k average annual household income, and what your main keys to success were? Also, if you wouldn't mind posting at what age you achieved this milestone and any other relevant facts. Thanks! It just takes good habits and time. O...
by White Coat Investor
Wed Jan 09, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: What am I missing?
Replies: 4
Views: 1121

Re: What am I missing?

I often move cash around between institutions, such as from Ally Bank to Vanguard etc. It seems when I do so, particularly at Vanguard, I start earning interest on the money the day I put the order in. But the money doesn't exit Ally Bank for a couple of days. Am I actually earning interest in both...
by White Coat Investor
Wed Jan 09, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9850

Re: Are we at "Peak FI"?

I became FI this year. Very little of it had anything to do with stock market or real estate investment performance. Although probably not to the same degree as me, I suspect most of those who hit financial independence within 20-25 years of leaving high school relied far more on cutting their spen...
by White Coat Investor
Mon Jan 07, 2019 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9850

Re: Are we at "Peak FI"?

It seems like not a week goes by without me hearing of someone talking about being "financially Independent"/FI/FIRE. Most of the people saying the did achieve this or want to achieve this are by and large through a) investing in real estate b) investing in the stock market.... It is hard to deny t...
by White Coat Investor
Mon Jan 07, 2019 7:45 pm
Forum: Investing - Theory, News & General
Topic: What am I missing?
Replies: 4
Views: 1121

What am I missing?

I often move cash around between institutions, such as from Ally Bank to Vanguard etc. It seems when I do so, particularly at Vanguard, I start earning interest on the money the day I put the order in. But the money doesn't exit Ally Bank for a couple of days. Am I actually earning interest in both ...
by White Coat Investor
Sun Jan 06, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: How often do you deep clean?
Replies: 52
Views: 2374

Re: How often do you deep clean?

Wow! I could use him at my house! I would try to avoid things that need to be replaced annually-- like fabric chairs. Maybe curtains if both washed and drycleaned. Maybe it depends on whether you can afford it. Certainly deep cleaning is not bad; maybe it is the old Spring Cleaning that used to hap...
by White Coat Investor
Sun Jan 06, 2019 3:04 pm
Forum: Personal Consumer Issues
Topic: United, American Airlines, Delta--about the same?
Replies: 144
Views: 7753

Re: United, American Airlines, Delta--about the same?

We're planning a trip for late spring, and the main airlines serving our start and destination cities are United, American Airlines, and Delta. At the moment, there are no non-stop flights, a decent number of one-stop through flights, and tons of code-share one-ticket-two-planes-one-DBA flights. Pr...
by White Coat Investor
Fri Jan 04, 2019 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Partner's Billboard Rights
Replies: 19
Views: 2279

Re: Buying Partner's Billboard Rights

Ditto the above. You offered wayyyyyy too much. 140 months cashflow is rich. You’re only buying billboards to make money (at least that’s the only reason you should be doing it). So the most important piece of information the sign holds is how much money it makes and, as a result, how much money it...
by White Coat Investor
Fri Jan 04, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8235

Re: What Do You Spend The Most On Annually?

What percentage of your income do you spend on these categories? How much do you analyze this and your budget annually? 1. Housing (Rent/Mortgage, Utilities, Improvement, Maintenance) 2. Food & Drink (Restaurants, Groceries, Cookware) 3. Transportation (Insurance, registration, fuel, maintenance) 4...
by White Coat Investor
Thu Jan 03, 2019 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Market closes almost 700 points lower
Replies: 18
Views: 1673

Re: Market closes almost 700 points

I was watching the closing bell and everyone was clapping after the bell rung. How could one clap with such a bad day. Are these all the people making Money because the market is down? Are thes the same people that clapped on December 24 and every other bad day. What made today bad? Were you invest...
by White Coat Investor
Thu Jan 03, 2019 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Autistic sister being targeted by Nigerian scammers
Replies: 84
Views: 6601

Re: Autistic sister being targeted by Nigerian scammers

I have no useful advice. Best wishes at finding a solution.

I'd consider hiring a scam-baiter/counterhoaxer though.

https://www.theatlantic.com/magazine/ar ... od/305903/
by White Coat Investor
Tue Jan 01, 2019 1:50 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces said in 2016 that IRS auditors disapproved of backdoor Roth IRAs
Replies: 249
Views: 40769

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

Next week I do my Backdoor Roth IRA for the 10th time. I publicize it widely. If the IRS is going to pick out a poster boy to enforce it on, it will be me. I'll let you know when it happens. Until then, my opinion is that Michael Kitces owes his readers an apology for what I have always considered ...
by White Coat Investor
Tue Jan 01, 2019 1:49 am
Forum: Investing - Help with Personal Investments
Topic: Buying More Paper Assets or Rental Properties
Replies: 15
Views: 1297

Re: Buying More Paper Assets or Rental Properties

I do not want to turn this into a paper asset vs. rental property debate. I am at a crossroads between investing more into my paper asset portfolio or buying a second rental property. In short, my W-2 income is used to max the 403(b) and Roth IRA. Anything after that flows into a emergency fund and...
by White Coat Investor
Sun Dec 30, 2018 1:49 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces said in 2016 that IRS auditors disapproved of backdoor Roth IRAs
Replies: 249
Views: 40769

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

Next week I do my Backdoor Roth IRA for the 10th time. I publicize it widely. If the IRS is going to pick out a poster boy to enforce it on, it will be me. I'll let you know when it happens. Until then, my opinion is that Michael Kitces owes his readers an apology for what I have always considered b...
by White Coat Investor
Sun Dec 30, 2018 1:45 am
Forum: Investing - Help with Personal Investments
Topic: Military dentist -- portfolio review request (new to forum)
Replies: 11
Views: 1820

Re: Military dentist -- portfolio review request (new to forum)

Greetings! I’m a dentist in the U.S. military (rank of O-6 colonel, currently completing my 15th year active duty), new to the Bogleheads forum but I've been reading/learning daily, and was hoping to get some advice re: what I could be doing better in my retirement investments. Specific questions a...
by White Coat Investor
Mon Dec 24, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10061
Views: 1781910

Re: U.S. stocks in freefall

The BH philosophy is to not market time, yet the majority of posts are about just that. There will be a lot of unhappy people when things take an ugly turn. "I know I shouldn't market time, but..." I'll bet that all but the most die-hard BHs would agree, though, that if the market going down causes...
by White Coat Investor
Mon Dec 24, 2018 2:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard says international will beat US stocks in next decade
Replies: 155
Views: 14708

Re: Vanguard says international will beat US stocks in next decade

I don't know and I don't care. I just plan to follow my current written investing plan- 1/3 of equity overseas. Stay the course! Stay the course. No matter what happens, stick to your program. I’ve said ‘Stay the course’ a thousand times, and I meant it every time. It is the most important single pi...
by White Coat Investor
Sun Dec 23, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Best TLH plan for offsetting gains on a rental property sold earlier this year?
Replies: 10
Views: 555

Re: Best TLH plan for offsetting gains on a rental property sold earlier this year?

Chip or OP, I'd be interested in PMing either of you to hear about what happened after you sold your property and taxes. This is a tangent question related to your question of whether or not you can use TLH against the depreciation or capital gains. I had thought that depreciation recapture was tax...
by White Coat Investor
Sat Dec 22, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: planning to buy REIT, bad idea ?
Replies: 35
Views: 2736

Re: planning to buy REIT, bad idea ?

You can buy REITs with an 8% yield. They're not publicly traded though.
by White Coat Investor
Fri Dec 21, 2018 1:22 am
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17017

Re: Mr. Money Mustache, SWR, and equity allocation

willthrill81 wrote:
Thu Dec 20, 2018 11:38 pm
I have a hard time believing that any sane person will not increase their withdrawal rate if their portfolio doubles in value or more.
Exactly. So start somewhere around 4%. Heck, start at 2.5% if it makes you feel better. Then adjust as you go, just like you have the whole rest of your life.
by White Coat Investor
Thu Dec 20, 2018 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17017

Re: Mr. Money Mustache, SWR, and equity allocation

... MMM says that a 5% withdrawal rate will last 50+ years. Recall the permanent SWR is reported to be 2.5%-3%. At this rate, withdrawals are offset by distributions + growth. Were I planning for 50+ years of withdrawals, I'd use 2.5%... just to be safe. Better to have it (money in reserve) and not...
by White Coat Investor
Thu Dec 20, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17017

Re: Mr. Money Mustache, SWR, and equity allocation

... MMM says that a 5% withdrawal rate will last 50+ years. Recall the permanent SWR is reported to be 2.5%-3%. At this rate, withdrawals are offset by distributions + growth. Were I planning for 50+ years of withdrawals, I'd use 2.5%... just to be safe. Better to have it (money in reserve) and not...
by White Coat Investor
Thu Dec 20, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Does carrying a credit card with a very high limit bother you? Say you have credit card for 50k but never spend more
Replies: 71
Views: 3404

Re: Does carrying a credit card with a very high limit bother you? Say you have credit card for 50k but never spend mor

How about from a thief view? Is a lower limit safer? I don't think so. I thought my credit limit was protective until I discovered one day I was $5K over a $120K limit. I called the company and asked "What's up?" Apparently nothing. One of my friends tells me his business card is routinely 50-100% ...
by White Coat Investor
Wed Dec 19, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: Math: How much would you spend to repair this car?
Replies: 53
Views: 2371

Re: Math: How much would you spend to repair this car?

DW's car was damaged by impact with a deer. No collision insurance. Wheels, axel, windshield, and undercarriage undamaged, one headlight destroyed, hood seriously dented on one quarter. Car starts fine but check engine light on - unknown yet if engine block is damaged or just a sensor knocked loose...
by White Coat Investor
Tue Dec 18, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Individual 401K now offering Admiral funds
Replies: 60
Views: 4784

Re: Vanguard Individual 401K now offering Admiral funds

Hey all, I just wanted to update this... I finally got around to calling to convert my Total Bond Market Index shares from Investor to Admiral (VBMFX >>> VBTLX). While on the phone, I also asked about the situation with VIPSX (inflation-protected securities), as my understanding was that it still c...
by White Coat Investor
Tue Dec 18, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: Disney/Univ Studio in Spring Break - is it crowded?
Replies: 48
Views: 1888

Re: Disney/Univ Studio in Spring Break - is it crowded?

Hi, I am planning to take kids to Disney and Universal Studio (LA) during Spring Break in April. I see that Universal Studio has increased the price for that week by 5 dollars per person. Has anyone visited those places during Spring Break? If yes, is it too crowded in that week or is normal. Any p...
by White Coat Investor
Tue Dec 18, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Individual 401K now offering Admiral funds
Replies: 60
Views: 4784

Re: Vanguard Individual 401K now offering Admiral funds

Just to clarify, when you say that you have TIPS in your account, what exactly do you mean? I ask because I have VIPSX (Vanguard Inflation-Protected Securities Fund Investor Shares) and have been dreaming of the day that they'd allow Admiral shares in their Solo 401(k) accounts so I could switch to...