Search found 12837 matches

by White Coat Investor
Tue Jan 16, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Getting out of Whole Life Insurance
Replies: 15
Views: 927

Re: Getting out of Whole Life Insurance

So, I'll start by saying that I am so embarrassed by the position we are now in. Any advice would be greatly appreciated. Especially from someone with some experience with Life Insurance policies. My husband and I were duped by our Northwestern Mutual Financial Advisor into buying an expensive Whol...
by White Coat Investor
Tue Jan 16, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 74
Views: 3415

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

There seems to be a lot of fear on this forum, and that surprises me. When I joined three months ago, I was hoping to find a group of investors who followed the investment philosophies of John Bogle. I was looking for encouragement, yet every day one or more people post that a crash is coming and t...
by White Coat Investor
Tue Jan 16, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 74
Views: 3415

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

It is just as hard to stay the course when markets are going up as when they are going down.
by White Coat Investor
Tue Jan 16, 2018 1:13 am
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 50
Views: 2421

Re: PTO policy after international business travel

Good afternoon all, I will be traveling to India for a third time for company business. I will be crossing 10 time zones. My company allots 23 days of PTO. To keep it short, my last trip, took me 9 days to get fully acclimated to the US time zone, etc. Is it unrealistic to ask my employer to give m...
by White Coat Investor
Mon Jan 15, 2018 11:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 87
Views: 6643

Re: Post your Financial Milestone Announcements Here

Ha ha, good timing as we just did our annual net worth update. We hit our "number" this year. Yay us. But our most significant milestone for 2017 and the one we're most proud of was giving away more than we spent. I hope that will continue for many years. And since I'm putting up the second post in...
by White Coat Investor
Sun Jan 14, 2018 1:33 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 87
Views: 6643

Re: Post your Financial Milestone Announcements Here

Ha ha, good timing as we just did our annual net worth update. We hit our "number" this year. Yay us. But our most significant milestone for 2017 and the one we're most proud of was giving away more than we spent. I hope that will continue for many years. And since I'm putting up the second post in...
by White Coat Investor
Thu Jan 11, 2018 1:38 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 87
Views: 6643

Re: Post your Financial Milestone Announcements Here

To be honest I haven't even told my husband yet, and I'm sure we won't do anything special to celebrate. I feel a bit selfish/guilty even being excited about this milestone. # 1 Go celebrate. We don't celebrate enough. You can certainly afford it. # 2 Don't feel guilty about having the opportunity,...
by White Coat Investor
Wed Jan 10, 2018 1:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 87
Views: 6643

Re: Post your Financial Milestone Announcements Here

Are you going to write another book? Already did. It just needs to be packaged up and published. I sent it out to my email list a chaper at a time. You can still get it if you want- Financial Bootcamp. My third one will be all about tax reduction, but I put it off when Congress started messing with...
by White Coat Investor
Wed Jan 10, 2018 1:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 87
Views: 6643

Re: Post your Financial Milestone Announcements Here

Snowjob wrote:
Tue Jan 09, 2018 7:28 am
Wow congrats!! I feel like it was just 7 or 8 years ago you got out of residency.
Nearly 12 actually, but WCI knocked about a decade off the original plan. Probably would have knocked 4-5 years off even without WCI.
by White Coat Investor
Wed Jan 10, 2018 2:01 am
Forum: Investing - Help with Personal Investments
Topic: I'm Simply Not on the Same Plane As You
Replies: 25
Views: 4508

Re: I'm Simply Not on the Same Plane As You

But for a guy who is headed to 70 who is not up on balancing and who has rode Enron down to nothing... two (2) failed marriages ($$$$) I'm highly conservative. This is about my kids whom I wish to leave some sense of security.... How awful is this allocation: Cash 2% CDs Roth 35% CD Not Roth 3% Rea...
by White Coat Investor
Tue Jan 09, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: What your 2017 returns would look like if you listened to these financial websites
Replies: 18
Views: 3692

Re: What your 2017 returns would look like if you listened to these financial websites

What your 2017 returns would look like if you listened to these financial websites Link This probably comes as a shock to nobody, but a sampling of top stockpicks from several notable investing websites reveals that, well, picking stocks is hard. Even for the so-called financial experts. The ValueW...
by White Coat Investor
Tue Jan 09, 2018 2:41 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8410

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

THANK YOU FOR FNALLY ADDRESSING ALEX. These type of bragging posts serve only 1 purpose - TO SHOW OFF. They are EXTREMELY ANNOYING and greatly dilute the quality of the forum. Lots of us are struggling through hand to mouth existence and these people have no shame showing of their millions. I would...
by White Coat Investor
Tue Jan 09, 2018 2:34 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 87
Views: 6643

Re: Post your Financial Milestone Announcements Here

Ha ha, good timing as we just did our annual net worth update. We hit our "number" this year. Yay us. But our most significant milestone for 2017 and the one we're most proud of was giving away more than we spent. I hope that will continue for many years. And since I'm putting up the second post in ...
by White Coat Investor
Tue Jan 09, 2018 2:28 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8410

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

Since I drafted the forum policies shortly after the forum went live, we've had a requirement that threads be actionable , which we usually describe as "You must be able to do something specific with the replies that will make a difference in your situation." This requirement was drafted both for t...
by White Coat Investor
Tue Jan 09, 2018 1:14 am
Forum: Local Chapters and Bogleheads Community
Topic: DD just got married !
Replies: 39
Views: 3969

Re: DD just got married !

White Coat Investor, eloping is in a totally separate category from what the OP's daughter and son-in-law did and I think it is raining on the OP's parade to discuss eloping in this thread or to describe anyone's choice of wedding celebration as a "stunt." People have many personal reasons for choo...
by White Coat Investor
Tue Jan 09, 2018 1:08 am
Forum: Personal Finance (Not Investing)
Topic: When the rubber hits the road [Progressive Dementia thread with merged updates]
Replies: 106
Views: 7866

Re: The reality hits - my dementia update

From: The reality hits. This another my occasional installment of how my dementia it Is affecting my life. Have a lot of changes since the last installment. My wife and I bought a winter home in Hawaii and moved to Denver. I made a stupid money mistake this year which cost me over $24K involving th...
by White Coat Investor
Tue Jan 09, 2018 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Coverdell really killed by TJCA?
Replies: 12
Views: 1298

Re: Coverdell really killed by TJCA?

It was only a few years ago that the ESA contribution limit was almost reduced to just $500.
by White Coat Investor
Tue Jan 09, 2018 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Coverdell really killed by TJCA?
Replies: 12
Views: 1298

Re: Coverdell really killed by TJCA?

Tanelorn wrote:
Mon Jan 08, 2018 6:19 pm
The part that was going to remove the ability to make future ESA contributions was removed in the reconciliation process for the final tax bill. Nothing changed, ESAs are still better than 529s in basically all ways except their contribution limit.
And their state tax breaks.
by White Coat Investor
Mon Jan 08, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Coverdell really killed by TJCA?
Replies: 12
Views: 1298

Re: Coverdell really killed by TJCA?

I think you can still contribute. It's just a little less attractive now that 529s can be used for K-12 expenses.
by White Coat Investor
Mon Jan 08, 2018 10:35 am
Forum: Local Chapters and Bogleheads Community
Topic: DD just got married !
Replies: 39
Views: 3969

Re: DD just got married !

I'm really glad. I know a lot of families where there would have been a lot of hurt feelings after a "stunt" like that. Wow. Why in the world would it be a "stunt" if you choose to get married, on your own dime, without being surrounded by 300 of your parents' closest friends? The couple doesn't ow...
by White Coat Investor
Mon Jan 08, 2018 12:28 am
Forum: Local Chapters and Bogleheads Community
Topic: DD just got married !
Replies: 39
Views: 3969

Re: DD just got married !

Is mom sad about not having a big wedding? In many ways, the wedding isn't for those getting married. In that respect, eloping or demanding a small wedding could be interpreted as being a little bit selfish. Mom is overjoyed they have tied the knot! Her perspective (which I share) is that it’s abou...
by White Coat Investor
Mon Jan 08, 2018 12:25 am
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17581

Re: Memo to those who have won the game: it's time to quit playing

With CAPE at the second highest level in history and the U.S. stock market acting bubblicious these days, I think it is a good time for older investors to heed Dr. Bernstein's advice: "If you've won the game, stop playing." Nobody can predict what the market will do and accumulators should probably...
by White Coat Investor
Sat Jan 06, 2018 2:21 pm
Forum: Local Chapters and Bogleheads Community
Topic: DD just got married !
Replies: 39
Views: 3969

Re: DD just got married !

Is mom sad about not having a big wedding? In many ways, the wedding isn't for those getting married. In that respect, eloping or demanding a small wedding could be interpreted as being a little bit selfish.
by White Coat Investor
Sat Jan 06, 2018 1:30 am
Forum: Investing - Theory, News & General
Topic: "Can I Really Retire at 40?" What to Tell Clients
Replies: 53
Views: 7710

Re: "Can I Really Retire at 40?" What to Tell Clients

What clients should be told is that you should adjust as you go. Yeah. If you have workable plans for contingencies, that's what matters for making things work out. "Save more money" is simply one of many plans that sort out contingencies. Moving to a less expensive area, downsizing your house, cut...
by White Coat Investor
Sat Jan 06, 2018 1:25 am
Forum: Investing - Theory, News & General
Topic: So ambitious w/ money but so risk-averse
Replies: 31
Views: 3053

Re: So ambitious w/ money but so risk-averse

To be brutally honest, I probably had too much of an influence during my younger years of "finding a job that makes you happy". I admit I constantly dread the idea of work and generally dislike work. I just don't like the idea of work. "The privilege to work is a gift, the power to work is a blessi...
by White Coat Investor
Sat Jan 06, 2018 1:15 am
Forum: Investing - Theory, News & General
Topic: So ambitious w/ money but so risk-averse
Replies: 31
Views: 3053

Re: So ambitious w/ money but so risk-averse

I don't want to say I'm "greedy" but I'm extremely ambitious about wanting more money ALL the time. I don't necessarily dream about huge houses and fast cars (though I do at times but maybe only to the extend where it's normal to), but I'm obsessed with the idea of financial freedom and I'm not hap...
by White Coat Investor
Sat Jan 06, 2018 12:17 am
Forum: Personal Consumer Issues
Topic: compression sack for sleeping bag, help with calculations please
Replies: 31
Views: 1778

Re: compression sack for sleeping bag, help with calculations please

One can buy bags and jackets with down treated to be hydrophobic, so that it is just like synthetic when it comes water and just like down when it comes to weight, loft, and compressibility. Does it work? Does it work long-term? Why not do that to all down bags? Why does anyone buy synthetic bags?
by White Coat Investor
Sat Jan 06, 2018 12:17 am
Forum: Personal Consumer Issues
Topic: compression sack for sleeping bag, help with calculations please
Replies: 31
Views: 1778

Re: compression sack for sleeping bag, help with calculations please

Please don't use a compression stuff sack, it can permanently reduce the loftiness of the bag, thereby reducing it's warmth. More details: https://backpackinglight.com/forums/topic/57909/ You must take less stuff backpacking than I do if you have space to not use compression sacks for clothing and ...
by White Coat Investor
Sat Jan 06, 2018 12:15 am
Forum: Investing - Theory, News & General
Topic: "Can I Really Retire at 40?" What to Tell Clients
Replies: 53
Views: 7710

Re: "Can I Really Retire at 40?" What to Tell Clients

4% is probably a perpetual portfolio for most of us. Remember that on average after 30 years with a 4% WR, adjusted upward each year for inflation, there was 2.7X the assets you retired with. Most of the time, 4% is "too low" not too high. What clients should be told is that you should adjust as you...
by White Coat Investor
Thu Jan 04, 2018 10:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard takes 2 days to settle tIRA funding?
Replies: 22
Views: 1459

Re: Vanguard takes 2 days to settle tIRA funding?

and now it takes 7 days for the funds to be available in the tIRA brokerage account when moved in from a bank account ACH before one can convert it to a Roth. I don't think it was like that last year.... It was. I thought by using Prime instead of the settlement fund and having the money already at...
by White Coat Investor
Thu Jan 04, 2018 10:50 pm
Forum: Personal Consumer Issues
Topic: compression sack for sleeping bag, help with calculations please
Replies: 31
Views: 1778

Re: compression sack for sleeping bag, help with calculations please

Please don't use a compression stuff sack, it can permanently reduce the loftiness of the bag, thereby reducing it's warmth. More details: https://backpackinglight.com/forums/topic/57909/ You must take less stuff backpacking than I do if you have space to not use compression sacks for clothing and ...
by White Coat Investor
Thu Jan 04, 2018 10:47 pm
Forum: Personal Consumer Issues
Topic: compression sack for sleeping bag, help with calculations please
Replies: 31
Views: 1778

Re: compression sack for sleeping bag, help with calculations please

I have spent two hours searching, calling and trying to figure out which sea to summit compression sack I need to buy. I am so frustrated and losing patience figuring this out so I hope someone can help me. I have a North face Cats Meow sleeping bag. It is regular length with 1 pounds 9 ounces of f...
by White Coat Investor
Thu Jan 04, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: Vanguard takes 2 days to settle tIRA funding?
Replies: 22
Views: 1459

Re: Vanguard takes 2 days to settle tIRA funding?

This is so annoying. I did my wife's in two days like usual- in to a previously opened Prime MMF on the 2nd and in to the Roth IRA and its designated investment on the 3rd. In my account, it went into a newly opened Prime MMF on the 2nd (because i was trying to avoid this like last year where it sat...
by White Coat Investor
Thu Dec 28, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2442

Re: General question on college savings

The money we're saving for college goes into 529s. The other three keys to paying include proper school selection, the child's contribution (savings which is also in the 529, merit scholarships, summer work, and part-time work during the year), and our cash flow. I don't see much reason to put money...
by White Coat Investor
Wed Dec 27, 2017 6:12 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 57
Views: 8025

Re: Muni Money Market funds starting to look good!

So the thread about the Prime Money Market fund made me take a quick look at the rates on some of the Municipal Money market funds and they are looking really good (for people in high tax brackets)! As of right now here are yields : Vanguard Municipal Money Market Fund (VMSXX) - 1.20% Vanguard New ...
by White Coat Investor
Tue Dec 26, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Should I preserve parents’ risky portfolio? Or “disobey” them?
Replies: 74
Views: 4865

Re: Should I preserve parents’ risky portfolio? Or “disobey” them?

Greetings! Long time Boglehead. Here’s the situation. My mom and dad are now in a nursing home, and can’t make decisions for themselves anymore. I’ve been managing their daily financial matters for the past 6 years. Their investment advisor quit last week, thanks goodness, for he charged them over ...
by White Coat Investor
Tue Dec 26, 2017 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3409

Re: Retirement accounts and physician SCorps

I am reading that tax treatment of SCorps for physicians is phasing out the more favorable corporate rates at total incomes of $315-$415K. For these purposes, what counts as “total income? Do retirement plan contributions affect total income? Are these phase out levels before or after deduction of ...
by White Coat Investor
Mon Dec 25, 2017 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 107
Views: 6865

Re: Will you donate less to Charity?

Toons wrote:
Sun Dec 24, 2017 1:24 pm
In some ways I consider the taxes I pay going to some form of "charity"
Fortunately I will be "contributing" more in "charity",
As my taxes are increasing.
:happy
Mandatory charity sounds like the "mandatory fun" we did when I was in the military.
by White Coat Investor
Sat Dec 23, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 107
Views: 6865

Re: Will you donate less to Charity?

No, plan to give the same. But we also give enough that itemized deductions are more than the standard in most years.
by White Coat Investor
Sat Dec 23, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: food for thought
Replies: 53
Views: 4709

Re: Bitcoin: food for thought

It's not a Ponzi scheme at all. It's a speculative frenzy. I don't know why people feel a need to call anything they don't like a Ponzi scheme. It's fairly clearly defined. You pay returns on the investments of the early investors with the contributions of the later investors. It imploded when there...
by White Coat Investor
Tue Dec 19, 2017 11:01 pm
Forum: Investing - Theory, News & General
Topic: Is it worth investing with 15% LTCG tax rate!?
Replies: 25
Views: 2699

Re: Is it worth investing with 15% LTCG tax rate!?

I am not new to investing in index funds and all but kinda newbie to figure out this below. Our household income gross falls within 28% for 2017. We max out 401k. No roth but 529. Age approx 41. We have some discretionary amount around 100k to invest, ofcourse in index funds. One thing Iam trying t...
by White Coat Investor
Tue Dec 19, 2017 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Grant Cardone suggests to set 9 exceptions for taxes
Replies: 18
Views: 1815

Re: Grant Cardone suggests to set 9 exceptions for taxes

Grant Cardone recommends that everyone set their personal exceptions to the MAX ALLOWED - usually 9 or 10. The reasoning is that you wanted to get all of your money early, if you are very confident in your investing. You will pay what you need to pay anyway at the end of the year, but can use the e...
by White Coat Investor
Tue Dec 19, 2017 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Grant Cardone suggests to set 9 exceptions for taxes
Replies: 18
Views: 1815

Re: Grant Cardone suggests to set 9 exceptions for taxes

Grant Cardone recommends that everyone set their personal exceptions to the MAX ALLOWED - usually 9 or 10. The reasoning is that you wanted to get all of your money early, if you are very confident in your investing. You will pay what you need to pay anyway at the end of the year, but can use the e...
by White Coat Investor
Mon Dec 18, 2017 10:31 am
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 23535

Re: 2nd million is easier!

JustinR wrote:
Sat Dec 16, 2017 5:53 pm
Has anyone been tracking their net worth on a spreadsheet?

For some reason, my line is linear, even though it would seem it should be somewhat exponential (like a curve). What's your line like?
Exponential.

What age did you start your line at? Start at birth and it'll look exponential too!
by White Coat Investor
Sun Dec 17, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why You Took an Adjustable Rate Mortgage?
Replies: 43
Views: 3222

Re: Why You Took an Adjustable Rate Mortgage?

At present I have an adjustable rate mortgage (ARM). It is actually an interest-only ARM which keeps my mortgage payment pretty low. This allows me to maximize my tax-sheltered retirement contributions while satisfying my other financial obligations. I have $300K home equity and $200K mortgage. In ...
by White Coat Investor
Sun Dec 17, 2017 6:42 pm
Forum: Personal Consumer Issues
Topic: Overnight guests
Replies: 15
Views: 1774

Re: Overnight guests

You and your partner have a discussion. Decide how often you can live with it. Then your partner tells him what the two of you decided together.
by White Coat Investor
Sat Dec 16, 2017 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 23343

Re: Prepayment of SALT Taxes? [State and Local]

New York Times reporting that this loophole is being closed by the compromise bill. Much ado about nothing apparently (although I'll still pay my 2017 taxes this month.) https://www.nytimes.com/2017/12/15/us/politics/republican-tax-bill.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&...
by White Coat Investor
Sat Dec 16, 2017 12:00 am
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 23535

Re: 2nd million is easier!

I realize this post might be perceived as a humblebrag so please accept my apologies in advance. Financial milestones are not something I can really celebrate/share with family or friends. I am 51 years old and it took me until age 47 to accumulate over 1 million in my investment accounts. It only ...
by White Coat Investor
Fri Dec 15, 2017 11:25 pm
Forum: Personal Consumer Issues
Topic: Uber vs Ambulance - HUGE cost difference
Replies: 85
Views: 10800

Re: Uber vs Ambulance - HUGE cost difference

Ha ha. What kind of OR are you planning to go to for your heart attack? You think the CT surgeon is waiting in there ready to do your CABG? I thought you worked in health care? Your point, however, is right. If medics take you to the hospital for a heart attack and you've actually got a STEMI, it w...
by White Coat Investor
Fri Dec 15, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: Uber vs Ambulance - HUGE cost difference
Replies: 85
Views: 10800

Re: Uber vs Ambulance - HUGE cost difference

If I have a heart attack, I want an ambulance from the very nearby firestation to take me to the hospital. The EMT's should stabilize me and already inform the OR at the hospital that I am coming in, so I get to bypass the ER. Ha ha. What kind of OR are you planning to go to for your heart attack? ...