Search found 13172 matches

by White Coat Investor
Sun Jun 17, 2018 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Rule of 55 is it official?
Replies: 50
Views: 8778

Re: Rule of 55 is it official?

My understanding also. Retire at 55 and have a company 401K and keep that 401k with CO, you can withdraw Tax free--if you retire after 55. I am counting on this for me. I have: 1) Tax account--anytime -55 2) 401k - 55 3) IRA - 59.5 4) SSN - 62 So my retirement is based on this. Retiring abroad. Tha...
by White Coat Investor
Tue Jun 12, 2018 11:53 am
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 4633

Re: How do you celebrate (potty trained kid) milestone with your spouse?

#1 child is now potty trained. My wife did an incredible job with it and the kid is still happy. (My involvement was not insignificant but she carried the heaviest load) Without going into detail, the task was sufficiently arduous that I’d like to mark the milestone in a meaningful way. How do you ...
by White Coat Investor
Sun Jun 10, 2018 10:00 pm
Forum: Personal Consumer Issues
Topic: “Day to kill” in Venice Italy
Replies: 47
Views: 2648

Re: “Day to kill” in Venice Italy

Hello all In a few days we will be departing on a rick steves’ 10day best of Venice, Florence and Rome tour. For context, “we” consists of me, DW and our 16 yo DD and 17 yo DS. I’ve gotten several suggestions to get there a day early in case there are any travel issues so we are. We will have rough...
by White Coat Investor
Tue Jun 05, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Home Reno, your objective opinion please.
Replies: 34
Views: 2772

Re: Home Reno, your objective opinion please.

Hi, Long time lurker first time poster. My family is looking to add an extension to our house. Hoping to get some third party opinions from the wise people on this forum. Renovation estimated cost is 960,000.. But what construction job ever stays on budget... right? Furniture is another expense tha...
by White Coat Investor
Mon Jun 04, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17791

Re: Don’t cheat yourself with the 4% rule

willthrill81 wrote:
Mon Jun 04, 2018 5:42 pm
Telling retirees reliant on their portfolios for income to spend even more in 2009 than they did in 2008 would fly like a 200 ton boulder and for good reason.
Sometimes boulders fly:

https://www.deseretnews.com/article/865 ... vered.html
by White Coat Investor
Mon Jun 04, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 172
Views: 13997

Re: Top Shelf Liquor Overrated?

I bought a bottle and discovered that it was a typical wholesale bourbon sold by many distilleries to commercial bottlers. There are many more labels for booze than there are distilleries. DMW Yes, this is a huge trap to watch out for. Always read the label of a new bottle you are buying, especiall...
by White Coat Investor
Sat Jun 02, 2018 11:04 pm
Forum: Investing - Theory, News & General
Topic: Asset Location Gets REALLY Complex [Tax-ajusted asset allocation]
Replies: 21
Views: 2141

Re: Asset Location Gets REALLY Complex

This is exactly the right conclusion. It IS complicated and it DOESN'T matter much, at least at these low interest rates.
by White Coat Investor
Wed May 30, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 129
Views: 13847

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

It's kind of fun to NEVER have to worry about the pay off debt or invest question again. Although I guess there is always the question of "should I borrow to buy this or just pay cash for it." I often wonder why more folks don't suggest saving beforehand in order to pay cash for their home, rather ...
by White Coat Investor
Wed May 30, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17258

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

novemberrain wrote:
Wed May 30, 2018 6:11 pm

2. We are an upper middle class family when my kids apply for college (i.e. a few million dollar net worth).
Where does upper class start again? Funny thing about Americans, no matter our socioeconomic status, we all think we're middle class.
by White Coat Investor
Tue May 29, 2018 11:39 pm
Forum: Personal Consumer Issues
Topic: Cruise ships for multi-generational family
Replies: 61
Views: 3108

Re: Cruise ships for multi-generational family

Question: what are good cruise line options for people who don't like cruises? Much to my chagrin, my parents want to do a family trip on a cruise ship next year. Ages range from late 60's (parents) = 2, 6 of adult children (spouses included), and 4 kids (2-12yo). Total of 12. Half of the adult kid...
by White Coat Investor
Tue May 29, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 129
Views: 13847

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

You can split the difference if you wish and pay half the mortgage off and put the rest in your AA. I did that. Twice. Then I no longer had a mortgage so I guess no more splitting the difference after that. It's kind of fun to NEVER have to worry about the pay off debt or invest question again. Alt...
by White Coat Investor
Tue May 29, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: The Side Hustle
Replies: 65
Views: 8101

Re: The Side Hustle

missingdonut wrote:
Tue May 29, 2018 9:37 am
barnaclebob wrote:
Tue May 29, 2018 9:21 am
Side hustle is just a glorified name for a second job.
I'd make a distinction in saying that a side hustle is generally self-employed in nature rather than being a job.
I guess I have two side hustles and no jobs then. :)
by White Coat Investor
Thu May 24, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 14081

Re: The Millionaire Next Door and civil servants

I believe that White Coat Investor says that around 20% of M.D.s at age 60 have a net worth under $300k, barely more than the median household net worth for 65-69 year olds in the U.S. Last survey I looked at showed 24% of physicians over 65 have a net worth under $1M. There was one two years ago t...
by White Coat Investor
Wed May 23, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 4916

Re: I've never budgeted sucessfully

Budgeting is a lot of work, but it's a commitment to your financial future.
by White Coat Investor
Wed May 23, 2018 10:32 pm
Forum: Investing - Theory, News & General
Topic: Morningstar's new posting rules
Replies: 16
Views: 1211

Re: Morningstar's new posting rules

I thought we all left Morningstar a decade ago. Are some of you still going over there?
by White Coat Investor
Tue May 22, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4909

Re: How do you stop moving the goal posts.

Most of my life I have achieved things by setting goals, achieving them (hopefully) then moving the goal posts and essentially starting the process over. I have used this method to keep myself engaged at work, athletically and in my financially life. Now as I approach retirement I am wondering how ...
by White Coat Investor
Tue May 22, 2018 12:35 am
Forum: Personal Consumer Issues
Topic: Riding from the mountains of Slovenia to the mountains of Italy
Replies: 15
Views: 1541

Re: Riding from the mountains of Slovenia to the mountains of Italy

That area is so pretty this time of year. Deserted too as its between seasons. It rained a bit everyday. There was some sun, but mostly clouds. Rarely got a view of peaks clear of clouds. More than one local said early September was the best time to visit. It is deserted, unless the Giro d’Italia i...
by White Coat Investor
Mon May 21, 2018 8:29 am
Forum: Personal Consumer Issues
Topic: Riding from the mountains of Slovenia to the mountains of Italy
Replies: 15
Views: 1541

Re: Riding from the mountains of Slovenia to the mountains of Italy

Raybo wrote:
Mon May 21, 2018 12:01 am
I’m sitting in a fabulous house in the Dolomite town of Venas di Cadore, about 15 miles south of Cortina in Northern Italy. There are stunning, bare rock peaks in every direction, though often obscured by clouds.
That area is so pretty this time of year. Deserted too as its between seasons.
by White Coat Investor
Sun May 20, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Young Doctor Couple - Starting Work, Starting to Invest
Replies: 31
Views: 2887

Re: Young Doctor Couple - Starting Work, Starting to Invest

Emergency funds: 15k (3-4 months living expenses) Cash Ready to Invest: 15-20k (our combined savings from college and medical school years) Debt: 260k - paid for my medical school, the wife had her parents pay Tax Filing Status: Married filing Sep for Income-driven repayment reasons Marginal Tax Ra...
by White Coat Investor
Sun May 20, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9194

Re: Dave Ramsey it or keep low interest debt

I have 3 debts as follows 20k car loan - 0% 38k car loan - 1.9% 226k mortgage - 3.625% Annual income 255k Fully funded emergency fund (6 months) Right now I save 86k annually. Should I continue saving as is (via 401k, Roth, taxable) or save less to knock out these very low interest loans? I know th...
by White Coat Investor
Sat May 19, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5393

Re: Finance a $28,000 house for Brother?

Howdy Y'all! So as the subject states my brother is tired of paying rent and found a house for sale for 28k. He is building credit and won't qualify for the loan and wants my help. What should I do? He works a low wage job, but can afford to pay 600/mo at least. How do you even go about financing a...
by White Coat Investor
Sat May 19, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Young Doctor Couple - Starting Work, Starting to Invest
Replies: 31
Views: 2887

Re: Young Doctor Couple - Starting Work, Starting to Invest

Emergency funds: 15k (3-4 months living expenses) Cash Ready to Invest: 15-20k (our combined savings from college and medical school years) Debt: 260k - paid for my medical school, the wife had her parents pay Tax Filing Status: Married filing Sep for Income-driven repayment reasons Marginal Tax Ra...
by White Coat Investor
Sat May 19, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: Curiosity - Kaiser docs compensation
Replies: 19
Views: 2761

Re: Curiosity - Kaiser docs compensation

I think the salaries are competitive for the most part. But bear in mind there is a HUGE range of salaries for a given specialty. For example, an emergency doc might make $120K or $600K. It depends on where you practice, how much you work, your productivity, your payor mix etc.
by White Coat Investor
Thu May 17, 2018 9:17 pm
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4707

Re: New motorcycle rider

As an experienced rider who has logged 65,000 miles, I advise you to forget it. It is incredibly dangerous out there today due to distracted drivers, and motorcyclists are extremely vulnerable. I got hit by a deer going 65 mph and suffered some serious injuries, and I was wearing all the safety gea...
by White Coat Investor
Thu May 17, 2018 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 8130

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

Noob question :-) A highly respected friend of mine is an expert in macroeconomics, and warned me to stay away from stocks. He said that come October or March next year, there are likely to be big crashes. He said companies were artificially inflating their stocks. (I don't understand the detail!) ...
by White Coat Investor
Wed May 16, 2018 9:00 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 491
Views: 28835

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

I just saw another comment where someone was touting the benefits of a pretax 401k vs a Roth where they said most people will be in a lower tax bracket in retirement so pretax is better. While that is a pair of factually correct statements. Most people will be in a lower bracket. And if you are in ...
by White Coat Investor
Sun May 13, 2018 11:12 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 98
Views: 10509

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

I think I'm with Taylor on this one. I'm amazed this series has hit Part 24. I dunno, withdrawal rates are vastly more important than asset allocation but we see way more discussions of asset allocation around here. As if the difference between 50% international and 30% international is ever going ...
by White Coat Investor
Sun May 13, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 98
Views: 10509

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

I think I'm with Taylor on this one. I'm amazed this series has hit Part 24. I still think the optimal strategy is start somewhere around 4% and adjust as you go. The more flexibility you have to cut spending (lowest possible ratio of fixed to variable expenses), the more you can spend in most scena...
by White Coat Investor
Sun May 13, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 246
Views: 38655

Re: How to Minimize Your Emergency Care Expenses

Calling the "advice nurse" is immensely helpful in determining the seriousness of a situation - Not always. Two years ago I got stung by a scorpion and called United Healthcare's advice nurse. She wanted me to go the the emergency room immediately. I questioned that because it didn't seem that bad ...
by White Coat Investor
Sun May 13, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation to combine Dave Ramsey and Vanguard?
Replies: 79
Views: 7064

Re: Allocation to combine Dave Ramsey and Vanguard?

Hi guys! Looking for thoughts on the following asset allocation? Dave Ramsey recommends staying aggressive not just when young but even through retirement. His split is an even 25% for Growth and Income, Growth, Aggressive Growth, and International. I've heard this described as Large, Mid, Small, I...
by White Coat Investor
Sun May 06, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation to combine Dave Ramsey and Vanguard?
Replies: 79
Views: 7064

Re: Allocation to combine Dave Ramsey and Vanguard?

Hi guys! Looking for thoughts on the following asset allocation? Dave Ramsey recommends staying aggressive not just when young but even through retirement. His split is an even 25% for Growth and Income, Growth, Aggressive Growth, and International. I've heard this described as Large, Mid, Small, I...
by White Coat Investor
Sun May 06, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 8305

Re: What career for smartest kid in the class?

I retired from Cardiology 13 years ago at age 54. If I were doing it now, I would choose a career other than Medicine. The average med school debt is $195,000, and we have turned physicians into professional students. If you start med school at age 25 and want to be a Cardiology subspecialist, you ...
by White Coat Investor
Sun May 06, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 246
Views: 38655

Re: How to Minimize Your Emergency Care Expenses

The point of this post is not to just consume less healthcare but to efficiently consume it. If you think you need to get medical care, then you should get it in the best way possible. As a primary care doctor/pediatrician, I hate getting paperwork from urgent cares and EDs for patients who I think...
by White Coat Investor
Sun May 06, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Open-ended question about vacationing in Yosemite or a different national park
Replies: 49
Views: 3093

Re: Open-ended question about vacationing in Yosemite or a different national park

I live fairly close to Yosemite, and I will say definitely do not go there in August. We had to go last August because of a visiting relative, and the traffic was literally gridlocked.....I personally like Zion NP a lot. Very nice for hiking. There is a nice little town, Springdale, right at the en...
by White Coat Investor
Sun May 06, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4572

Re: AMC Movie Theaters -- typical OR not?

It has been many years since I have been in a movie theater but we were visiting my daughter and she really wanted us to go with her to see a specific movie, so we went. The movie was playing in an AMC theater and I was pleasantly surprise how nice the theater was: limited seating so not many peopl...
by White Coat Investor
Sun May 06, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 246
Views: 38655

Re: How to Minimize Your Emergency Care Expenses

There's the third option: some primary care offices (like mine) can have you just walk in and see a technician or a nurse for suture removal instead of the urgent care. You won't know until you call. As an aside, suture removal is generally free in the ED where the sutures were put in. It's part of...
by White Coat Investor
Sat May 05, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 310
Views: 64521

Re: Physician Retirement Savings

Okay right when I start understanding some folk mentality then a post like this comes up that makes NO sense. So you want to have 6+ millinon in your 70's for what reason? Do you think you are going to live to 100? That is unlikely to happen so you will be working into your 70's presumably to save ...
by White Coat Investor
Sat May 05, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 310
Views: 64521

Re: Physician Retirement Savings

Okay right when I start understanding some folk mentality then a post like this comes up that makes NO sense. So you want to have 6+ millinon in your 70's for what reason? Do you think you are going to live to 100? That is unlikely to happen so you will be working into your 70's presumably to save ...
by White Coat Investor
Thu May 03, 2018 11:49 pm
Forum: Personal Consumer Issues
Topic: Bucket List Adventures/Activities
Replies: 110
Views: 8184

Re: Bucket List Adventures/Activities

I'd like to do a trip to Europe before I die. I'd want to see the Eiffel Tower, the Leaning Tower of Pisa, the Colosseum, and Stonehenge (at a minimum). Grand Canyon and Old Faithful are the things in the US that I want to see. Wow. That's the first time I've heard a bucket list and realized I've i...
by White Coat Investor
Tue May 01, 2018 10:50 pm
Forum: Personal Consumer Issues
Topic: Sprinkler system burst, company won't honor guarantee, what to do?
Replies: 21
Views: 3231

Re: Sprinkler system burst, company won't honor guarantee, what to do?

Last fall, before any hard freeze, my landscaper of many years blew out/winterized my sprinkler system. This service was offered with a guarantee. However, as revealed this spring, he didn't do it properly and at least one pipe burst. I contacted the company who responded that they ceased business ...
by White Coat Investor
Mon Apr 30, 2018 11:45 pm
Forum: Personal Consumer Issues
Topic: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?
Replies: 187
Views: 8905

Re: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?

I'm not sure if the Green Book is still published, but I've been given friendly, unsolicited advice in Utah to keep moving. What decade was that? Is this the green book? https://www.ebay.com/i/173294433638?chn=ps In the segregated US of the mid-twentieth century, African-American travelers could ha...
by White Coat Investor
Mon Apr 30, 2018 11:39 pm
Forum: Personal Consumer Issues
Topic: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?
Replies: 187
Views: 8905

Re: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?

Ask them what they enjoyed most when they return, in case you want to make a similar trip some day. Exactly. Do your parents ask online forums for tips for when you go on vacation? I'm not sure I could have afforded a trip that cost $65 a night when I was 19 though. I do remember a road trip to Veg...
by White Coat Investor
Mon Apr 30, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Testimonials on moving with a family
Replies: 29
Views: 2710

Re: Testimonials on moving with a family

Greetings, My wife and I have always been told that one of the best things a young married couple can do is move, just for the sake of the experience. We are a growing family (young daughter, boy due any day now) and have always had the itch to move. My wife is from the area (born and raised) while...
by White Coat Investor
Sat Apr 28, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: AF pilots and retention bonus, glad you stayed or happy you went?
Replies: 27
Views: 3736

Re: AF pilots and retention bonus, glad you stayed or happy you went?

The current AF pilot bonus is $35,000/yr, with ability to take $100,000 upfront. We would be committing to another 10 years, putting both of us at 45. If you separated at 10 years, why? Are you happy with your decision? What would you have done differently? If you accepted the pilot bonus, why? Are...
by White Coat Investor
Sat Apr 28, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: What is the best case scenario of "settling" for a late entrant?
Replies: 23
Views: 1887

Re: What is the best case scenario of "settling" for a late entrant?

I have been going through posts here - with people saving millions in retirement accounts, rental homes and what not. All of this has overwhelmed me, so I am seeking advise on the best case scenario of how our lives can play out long term here in the US. This is no way a criticism of the helpful na...
by White Coat Investor
Thu Apr 26, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: White Coat Investor Interviews Paul Merriman
Replies: 37
Views: 6593

Re: White Coat Investor Interviews Paul Merriman

It was a fun interview to do. It may be the longest podcast we've published yet.

Thanks again, Paul.
by White Coat Investor
Mon Apr 23, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 9788

Re: Boglehead Philosophy Open To Change?

It's easy for Bogleheads to feel like investing gurus but it is not the only way to invest and may not necessarily be the best way to invest in the future. Like they've got it all figured out and now they know everything. (Or at least this is how I feel sometimes when helping people with investing)...
by White Coat Investor
Thu Apr 19, 2018 10:27 pm
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 86
Views: 5098

Re: Factor in evaluating Physicians

When the list came out I decided it wasn't worth a sandwich to be on it. As you'll notice, I'm not on the list. A few of my partners are on there for $12-65 from Xarelto (a blood thinner we use all the time.) The local GI doc is on there for $75K. Looks like he did some promotional speaking for some...
by White Coat Investor
Thu Apr 19, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3753

Re: Good Dad, Bad Dad

I'd have helped him get a license years ago, but I don't think I'd buy him a car. I've got this weird, antiquated notion that at 18 the kids are on their own. Even my 9 year old knows he's only got 9 more years at home. I do plan on giving them some money for college and for their 20s (as well as "d...
by White Coat Investor
Thu Apr 19, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Deciphering USAA Auto Policy (or any auto policy for that matter). Need help.
Replies: 7
Views: 987

Re: Deciphering USAA Auto Policy (or any auto policy for that matter). Need help.

I've got auto/home/umbrella with USAA. I think they required me to increase auto/home liability to $300K when I bought the umbrella. It took a couple of years to get them to sell me an umbrella due to a speeding ticket. Doesn't take much....