Search found 1567 matches

by EnjoyIt
Thu Feb 01, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Q. solo 401k
Replies: 36
Views: 1748

Re: Q. solo 401k

but I do believe I have to have business for profit. Right? Otherwise, anybody can open solo401k. You do not need profits to open a solo401k all you need is a business. You need profits to be able to fund 20% of said profits up to $55k into a solo401k. Unless you also have a 401k though an employer...
by EnjoyIt
Thu Feb 01, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11412

Re: How risky is Med school student loan debt?

One of my med school roommates was unable to finish school. He accumulated well over $100k in debt and failed out.

Generally speaking if a physician isn't financially illiterate and able to make a decent income they should be able to pay down their debt. Even if it takes them 20-30 years.
by EnjoyIt
Thu Feb 01, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11412

Re: How risky is Med school student loan debt?

The stakes are very high at the numbers now. Upward of $85k per year to attend medical school. Remember, you have to borrow ALL living expenses for 4 years since school is year round for most of the 4 years. What many do not realize is that you may not be able to choose your specialty. If you want ...
by EnjoyIt
Thu Feb 01, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Q. solo 401k
Replies: 36
Views: 1748

Re: Q. solo 401k

you do not need to be incorporated to have a solo401k. but I do believe I have to have business for profit. Right? Otherwise, anybody can open solo401k. You do not need profits to open a solo401k all you need is a business. You need profits to be able to fund 20% of said profits up to $55k into a s...
by EnjoyIt
Wed Jan 31, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Q. solo 401k
Replies: 36
Views: 1748

Re: Q. solo 401k

you do not need to be incorporated to have a solo401k. but I do believe I have to have business for profit. Right? Otherwise, anybody can open solo401k. You do not need profits to open a solo401k all you need is a business. You need profits to be able to fund 20% of said profits up to $55k into a s...
by EnjoyIt
Wed Jan 31, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3242

Re: Should I stop contributing to 401(k) to pay off debt

...the sooner I pay it off, the quicker I will have some wiggle room in my budget. ... I am 44 and I make about $130K-$140K a year. ... The hard floor on my monthly budget including all living expenses and debt payments is $4000. Semi-discretionary expenses take it up to about $5500 per month. Assu...
by EnjoyIt
Wed Jan 31, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Q. solo 401k
Replies: 36
Views: 1748

Re: Q. solo 401k

you do not need to be incorporated to have a solo401k.
by EnjoyIt
Wed Jan 31, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3242

Re: Should I stop contributing to 401(k) to pay off debt

...the sooner I pay it off, the quicker I will have some wiggle room in my budget. ... I am 44 and I make about $130K-$140K a year. ... The hard floor on my monthly budget including all living expenses and debt payments is $4000. Semi-discretionary expenses take it up to about $5500 per month. Assu...
by EnjoyIt
Wed Jan 31, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Disney visit
Replies: 28
Views: 3961

Re: Disney visit

May I ask how old the kids are? I only ask because if you have anyone that is too small to walk for 4-5 miles a day or you are forced to push around in a stroller I don't think this is the best use of your limited vacation time. The really young kids get very cranky quickly, the parents get frustrat...
by EnjoyIt
Wed Jan 31, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 6970

Re: New car - how much can we afford?

You could easily afford $50-100k. Get a nice new car for the family. 30 years old saving $60k a year and $550k in assets and you want to buy a nice second hand car. You could buy a new $50k Lexus/Audi and be just fine. This board is too much sometimes lol. The above is horrible advice. Just because...
by EnjoyIt
Tue Jan 30, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "cash v. mortgage" question
Replies: 20
Views: 2113

Re: Yet another "cash v. mortgage" question

a) If you get unlucky and get a modest 10% decline in the portfolio the first year then it would be down to $90K b) You would also need to pay the $500 a month mortgage($6,000) so your portfolio would be down to $84K c) To break even the next year you would need to gain back the $16K and another $6...
by EnjoyIt
Tue Jan 30, 2018 11:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7354
Views: 1543928

Re: U.S. stocks in freefall

If it's troubled water ahead, just be careful what you wish for. Nope, not worried. Stay the course. I have a 50-year horizon. If it dropped 50% tomorrow and I lost my job, we’d still be fine for years. I'm admittedly a total novice, but I don't understand the long-term perspective when it comes to...
by EnjoyIt
Tue Jan 30, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "cash v. mortgage" question
Replies: 20
Views: 2113

Re: Yet another "cash v. mortgage" question

a) If you get unlucky and get a modest 10% decline in the portfolio the first year then it would be down to $90K b) You would also need to pay the $500 a month mortgage($6,000) so your portfolio would be down to $84K c) To break even the next year you would need to gain back the $16K and another $6...
by EnjoyIt
Tue Jan 30, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: $100k+ Credit Card Spend Per Year: What card offers the best return?
Replies: 44
Views: 5540

Re: $100k+ Credit Card Spend Per Year: What card offers the best return?

So there are a few hoops, but if you have the Schwab Amex Platinum and the Schwab Blue Business you get 2 MR per dollar spent and one MR is 1.25 cents when transferred to Schwab. You can transfer this into a Roth IRA and not count it toward the $5500 Roth threshold because it isn't considered dolla...
by EnjoyIt
Mon Jan 29, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Yet another "cash v. mortgage" question
Replies: 20
Views: 2113

Re: Yet another "cash v. mortgage" question

If you plan to just sell bonds then buying the mortgage outright is the mathematically better option. Yes your portfolio will be more risky, but over the next few years you will replenish your bond portion and be back to 50/50 If you plan on keeping your 50/50 asset allocation then you will be force...
by EnjoyIt
Mon Jan 29, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: The biggest problem in retirement is spending (not)
Replies: 118
Views: 11795

Re: The biggest problem in retirement is spending (not)

I don’t spend because I may need my investments to cover long term care. My mom needed LTC for 12 years, and one great Aunt needed it for 17 years, and another more than 20. All suffered from Alzheimer’s and had no other health issues. Similar experience - mother in law: 24 years of LTC due to stro...
by EnjoyIt
Sun Jan 28, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Taxes
Replies: 17
Views: 1686

Re: Retirement Taxes

This would seem an optimum time to give appreciated stock, not cash, assuming you have appreciated stock/mutual funds in after tax accounts. Ralph This right here is what I would do. Donate appreciated shares. If you plan on doing even more donations in the future it may be worthwhile for you to op...
by EnjoyIt
Sun Jan 28, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: Still using a 5 year old iphone 5. Who's with me? No new phones!!!
Replies: 151
Views: 10657

Re: Still using a 5 year old iphone 5. Who's with me? No new phones!!!

Ya I’m on iPhone 6. Can’t think of a good reason to upgrade. Had the battery replaced for 29$ I'm right here with you. The battery is still decent so I will hold off replacing the battery on my iPhone 6 till later in the year. In the last 3 years I have yet to see a feature that I need/want therefo...
by EnjoyIt
Wed Jan 17, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: [n X expenses + r] instead of [n X expenses]
Replies: 27
Views: 1386

Re: [n X expenses + r] instead of [n X expenses]

I'm all for being a bit conservative and have a safety net but some of y'all are just ridiculous. Hey if working and making money floats your boat and you have nothing better to do in your life then save as much as you can. For the rest of us let's have some reallity on what we really need to retire...
by EnjoyIt
Wed Jan 17, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 60
Views: 9972

Re: Merrill Edge best choice for higher net worth accounts?

Their marketing gimmicks have put thousands of dollars in my accounts, including precious Roth space. Can you please explain further? Is it through sign up bonuses? How much extra space has it given you and over how may years? Yes, bonuses. It's at least $3000, but I'd have to go over my records to...
by EnjoyIt
Tue Jan 16, 2018 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 60
Views: 9972

Re: Merrill Edge best choice for higher net worth accounts?

Earl Lemongrab wrote:
Sun Jan 14, 2018 5:36 pm

Their marketing gimmicks have put thousands of dollars in my accounts, including precious Roth space.
Can you please explain further? Is it through sign up bonuses? How much extra space has it given you and over how may years?
by EnjoyIt
Tue Jan 16, 2018 1:21 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 511
Views: 55924

Re: Post your Financial Milestone Announcements Here

To quote Bob Brinker, My spouse and I are in the , "Land Of Critical Mass",and have been so for quite a while. Keeping debt to a bare minimum,investing frequently(reinvesting)got us there. Count Our Blessings Every Day. :happy If you will. . . what is the "Land of Critical Mass"? Never heard that b...
by EnjoyIt
Mon Jan 15, 2018 9:25 pm
Forum: Investing - Theory, News & General
Topic: Anyway to compare metrics of today w stock bubble in 2000
Replies: 26
Views: 2684

Re: Anyway to compare metrics of today w stock bubble in 2000

I'm considering buying two year Treasuries that yield 2%. Makes sense, that is the end of the curve that has moved up the most. I will be buying some treasuries too. Let's face it: the market is expensive, and I bet I am not the only one who is a little underweight bonds/safer assets at the moment....
by EnjoyIt
Thu Jan 11, 2018 2:17 am
Forum: Personal Consumer Issues
Topic: Car people: 2014 E63 AMG or 2018 E400 wagon??
Replies: 69
Views: 5250

Re: Car people: 2014 E63 AMG or 2018 E400 wagon??

I have always loved the Audi Allroad. You need to find Doug Demuro and fast! I watched the video and think it may be crap. Why? I had an A6 2.7T engine audi with 150k miles on it tuned to about 350hp. I sold it 2 years ago. Everything is the same as the all road except for the suspension. I have no...
by EnjoyIt
Thu Jan 11, 2018 2:03 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 13200

Re: Is it time for me to "call in rich"?

As almost everyone above has pointed out you have more than enough to retire. If you don't want to leave a legacy I highly advise you to get a boat and a fancy sports car. You have 3.2 million with at least $300k in cash coming your way from sales. That $300k will last you easily for 3 years and all...
by EnjoyIt
Wed Jan 10, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with a 25 million windfall?
Replies: 47
Views: 3854

Re: What would you do with a 25 million windfall?

As a physician I would still work but part time. Maybe 2 days a week with 1 week off.
by EnjoyIt
Wed Jan 10, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: Sell Sports Car and Invest or Keep for Fun Factor
Replies: 25
Views: 1504

Re: Sell Sports Car and Invest or Keep for Fun Factor

If your financial goals are being met then there is no problem spending money on fun things. Only question I have for you is:

Does this car offer you $20K of happiness over long term. If it does then keeping it is a no brainier for you.

BTW, do you want to sell me your S2000?
by EnjoyIt
Sun Jan 07, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 21630

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

OP seems to be mixing together two separate concepts: — Market timing ("With CAPE at the second highest level in history and the U.S. stock market acting bubblicious these days") — An older investor's AA as determined by his or her IPS I think a responsible older investor would already be reducing ...
by EnjoyIt
Sun Jan 07, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Car people: 2014 E63 AMG or 2018 E400 wagon??
Replies: 69
Views: 5250

Re: Car people: 2014 E63 AMG or 2018 E400 wagon??

Go Blue 99 wrote:
Sun Jan 07, 2018 10:40 am
I love the look of luxury station wagons (Benz, Audi, Volvo). There is a guy at work who drives an E63 AMG wagon and that car is great looking. Of course, the wife laughs at me any time I bring up a station wagon :wink:
Same with me. I have always loved the Audi Allroad.
by EnjoyIt
Sun Jan 07, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: A Tale of Two 529 Plans or Don't Worry It Will All Work Out
Replies: 14
Views: 5321

Re: A Tale of Two 529 Plans or Don't Worry It Will All Work Out

Our plan is to place $25k in our future child's 529 when/if that child is born with no further contributions thereafter. We will invest in 100% equities for the next 13 years and then re-evaluate with the goal of going much more conservative unless we are deep in a recession. $25k over 18 years sho...
by EnjoyIt
Sat Jan 06, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 34128

Re: Anyone tired of the stock market going up?

I love the market going up but wouldn't mind a few months of mild volatile and flat growth to keep the public fearful. Last thing I want is to hear everyone on the street talking about buying stocks. Regardless if the market keeps going up I will keep making new contributions in bonds to maintaine m...
by EnjoyIt
Sat Jan 06, 2018 9:43 pm
Forum: Personal Consumer Issues
Topic: Car people: 2014 E63 AMG or 2018 E400 wagon??
Replies: 69
Views: 5250

Re: Car people: 2014 E63 AMG or 2018 E400 wagon??

deleted due to me not fully reading OP :(
by EnjoyIt
Sat Jan 06, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 10744

Re: How much are you putting in a 529?

3 year old twins. We are putting in $13k a year times two 529 plans. Currently at $55k each. Plan is to get to $500k each by the time they enter college. This seams like so much. Why? Are you expecting private undergrad and grad school? Don't get me wrong I think it is amazing you can do that I jus...
by EnjoyIt
Sat Jan 06, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: A Tale of Two 529 Plans or Don't Worry It Will All Work Out
Replies: 14
Views: 5321

Re: A Tale of Two 529 Plans or Don't Worry It Will All Work Out

Our plan is to place $25k in our future child's 529 when/if that child is born with no further contributions thereafter. We will invest in 100% equities for the next 13 years and then re-evaluate with the goal of going much more conservative unless we are deep in a recession. $25k over 18 years shou...
by EnjoyIt
Sat Jan 06, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: asset allocation as one transitions into retirement
Replies: 7
Views: 1189

Re: asset allocation as one transitions into retirement

If 50/50 is your desired allocation, you should maintain it. That means converting stocks to bonds as you sell the CD's. If you have separate allocations to bonds and CD's, then you would need to sell stocks, bonds and CD's to fund your expenses. If you sell CD's and do nothing else, your AA will b...
by EnjoyIt
Fri Jan 05, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: UGH: New 401k Average Expense Ratio Increased 252%
Replies: 9
Views: 1051

Re: UGH: New 401k Average Expense Ratio Increased 252%

I have heard of people in your situation putting together a proposal and convincing HR to switch to a lower cost provider. At the end of the day a 2% match and tax deferral is very hard to pass up despite the higher fees. Unless you have so much in your 401k that it is worth a transition. An extra 1...
by EnjoyIt
Fri Jan 05, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 3176

Re: [How to determine budget for toys/luxuries?]

OP, 1) If your net worth is 50 or more times your current annual expense, you can spend any amount in excess of that for any toys. So you are advocating zero discretionary/fun spending unless you have a double-funded retirement? That seems....unnecessarily conservative. mak1277, 1) It is obvious th...
by EnjoyIt
Thu Jan 04, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 3176

Re: [How to determine budget for toys/luxuries?]

It looks like the correct answer isn't really a yes or a no but the correct answer is asking more questions. I think the three big ones are: 1) What are your financial goals? 2) What is your path to achieving those goals? 3) How stable is your income? Once the above 3 are answered a reasonable math ...
by EnjoyIt
Wed Jan 03, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 3176

[How to determine budget for toys/luxuries?]

It seems like every few weeks we get another post about "Can I afford X?" X can be as simple as a $10k watch or as expensive as a $100k or more car. Almost always the response by most readers is "No" irrespective of the person's financial situation. I'm sure someone making $250k/yr can afford a nice...
by EnjoyIt
Wed Jan 03, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: Talk me out of a 60/40 AA
Replies: 76
Views: 9832

Re: Talk me out of a 60/40 AA

Your wealth is currently $650k and you save $150k/yr. If you are 100% in equities a 50% drop will have you go down by $325k. You can easily make that up in 2 years of savings and won't really affect you too much. Now picture yourself 10 years from now. The markets have returned 5% a year and you sav...
by EnjoyIt
Tue Jan 02, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 9453

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

Since your business is online, I would do everything in my power to make sure I domiciled in Texas or any other state without State/City income tax. Yes, but if I live in NYC for more than 182 days in the year, I will still have to pay taxes to them. Depending on you income stream and how high thos...
by EnjoyIt
Tue Jan 02, 2018 12:30 am
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 9453

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

From what I understand, you can have a place in nyc and not owe state and local income taxes as long as you can prove that you spent less than 180 days in NYC (the residency test). You will also need to make sure that your domicile remains Texas. So it all depends on your annual income. Do you want...
by EnjoyIt
Mon Jan 01, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: My 2017 Budget
Replies: 37
Views: 5459

Re: My 2017 Budget

Misc $4415 Groceries $3290 Eating Out $2632 Rent $2183 Property Taxes $1949 HOA Dues $1317 Auto Insurance $1038 Vacation $1249 Utilities (Elec/Gas) $888 Tax Prep $819 Auto Fuel $584 Mobile Phone $484 Entertainment $326 Home Insurance $216 Hair Cut $189 Auto Maintenance $129 Home Internet $109 UPS M...
by EnjoyIt
Sun Dec 31, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 14412

Re: Another should i buy my dream porsche thread...

There's a big difference in feel of the car and interior of a 997.2 and a 991. If going for a 997.2, make it a GTS... I agree. The 997.2 GTS is awesome - the cream of the 997 crop. Hard to find, also about $60-70k range. You'll pay dearly for the 997.2 GTS. Coupla things to know about 'em: - Even t...
by EnjoyIt
Fri Dec 29, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 14412

Re: Another should i buy my dream porsche thread...

Can you imagine the stress of parking the car at a restaurant worrying your entire meal that the guy next to you will scratch 1/5 of your net worth. The stress of owning expensive things can be insane? What about driving the car after you just cleaned it and being forced to drive over a puddle? Don'...
by EnjoyIt
Fri Dec 29, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: Will PE ratios decrease due to lower taxes?
Replies: 20
Views: 2548

Re: Will PE ratios decrease due to lower taxes?

Several large multi-national corporations have already announced that they will take some short term hits (reduced earnings) due to taxes owed from repatriating offshore profits at the new lower rate. This might actually raise PEs in the near term. 2018 repatriate money. Hopefully re-invest in US o...
by EnjoyIt
Fri Dec 29, 2017 2:49 am
Forum: Investing - Theory, News & General
Topic: Will PE ratios decrease due to lower taxes?
Replies: 20
Views: 2548

Re: Will PE ratios decrease due to lower taxes?

You are assuming the decrease in taxes results in an increase in earnings. But, what if the decrease in taxes results in an increase in R&D spending? .. or a facilities move that results in an increase in leasing costs? ... or an increase in executive pay? ... or ... It could be that earnings remai...
by EnjoyIt
Fri Dec 29, 2017 2:27 am
Forum: Investing - Help with Personal Investments
Topic: Should I Sell Gains To Minimize Losses?
Replies: 5
Views: 624

Re: Should I Sell Gains To Minimize Losses?

Should I sell unrealized gains(60K) from my equities tomorrow to minimize already realized 2017 losses of $130K(60K long term & 70K short term)? I am new to investing & just learned I can only deduct 3K/year against my income, so it would take 40+ years to deduct all these losses right? Ill be long...
by EnjoyIt
Fri Dec 29, 2017 1:43 am
Forum: Investing - Theory, News & General
Topic: Will PE ratios decrease due to lower taxes?
Replies: 20
Views: 2548

Will PE ratios decrease due to lower taxes?

Currently all the financial gurus are saying valuations are high. Will the new corporate tax rate change that? If corporations had to pay 35% in taxes and now only pay 21% doesn't that mean profits increase and therefor PE ratios decrease (if all else is unchanged?) I calculate it as a 21% increase ...
by EnjoyIt
Thu Dec 28, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 14412

Re: Another should i buy my dream porsche thread...

watchnerd wrote:
Thu Dec 28, 2017 10:18 pm

Should I get a porsche, too?

No, you already have a watch. You can't have 2 toys. Sorry.