Search found 1396 matches

by JDCarpenter
Sat Jun 03, 2017 1:13 pm
Forum: Personal Investments
Topic: Can I Safely Retire?
Replies: 60
Views: 9770

Re: Can I Safely Retire?

... As for my law license, I remain licensed to practice in California. However, if I wanted to practice in the state I'll likely be moving to, I'd have to pass the Uniform Bar Examination. Having no further desire to practice law, I won't be doing this. Rather, I'd prefer to leverage my real estat...
by JDCarpenter
Sat Jun 03, 2017 12:28 pm
Forum: Personal Investments
Topic: Roth IRA Conversion Calculator
Replies: 9
Views: 1319

Re: Roth IRA Conversion Calculator

Unless I'm missing something (which wouldn't be the first time) , that is a very simplistic calculator--especially when compared to iOrp and Big Foots RPM (https://www.bogleheads.org/wiki/Retiree_Portfolio_Model) For example, if you have a large deferred account and indicate that you want to convert...
by JDCarpenter
Fri Jun 02, 2017 10:17 am
Forum: Personal Investments
Topic: Ex Employer Large Stock Position and Tax Implications
Replies: 10
Views: 1379

Re: Ex Employer Large Stock Position and Tax Implications

Jack FFR1846 wrote:... Paying big tax on a big gain is better than paying a little tax on a small gain. ...
Agree-->and MUCH better than taking capital losses.
by JDCarpenter
Thu Jun 01, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 9254

Re: Senility: How do you plan on protecting your money when you lose your mental capacities?

... As if This thread didn't' already have me nervous--I just went to Amazon to buy this book and noticed that.... I had already bought it on April 26, 2017 Sigh, I know my faculties are still here but, I can't remember buying it! :oops: ... I run into this, especially with Kindle books (or Gutenbe...
by JDCarpenter
Wed May 31, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Tuft & Needle prices going up tomorrow
Replies: 5
Views: 1719

Re: Tuft & Needle prices going up tomorrow

What is the significance of Tuft and Needle and why might I want one? I'm not being sarcastic here...I just have never heard of this and wondering what it is. Search through old threads on mattress buying--they come up a lot. IMO, the best bang for buck mattress (excluding water beds); buy online, ...
by JDCarpenter
Wed May 31, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 15653

Re: Play Money for Spouse....

A couple different people have mentioned identity theft and/or stolen credit card numbers...which leads me to ask: Has anyone had a credit card number stolen and identified the situation *before* your credit card company? .... Yes. (And not just in the distant past.) Granted, it doesn't make much d...
by JDCarpenter
Wed May 31, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Academic Question on a real world situation
Replies: 34
Views: 4047

Re: Academic Question on a real world situation

Here is a detailed series evaluating safe withdrawal rates at different allocations and reviewing the leading study on the 4% SWR. https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ I'm​ sure there are critiques of this critique, but I haven't found ...
by JDCarpenter
Wed May 31, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 9254

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

One thing I thought I might do is bring our kids into the the loop sooner rather than later, perhaps reviewing things with them on some periodic basis and running any major changes by them. That's an approach I've begun using. Now if the kids would get interested, that would help even more. ... May...
by JDCarpenter
Tue May 30, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 15653

Re: Play Money for Spouse....

Personally I just do not this thread at all.My wife is an intelligent adult and she will make reasonable decisions on what she spends and I do the same.We do not need an allowance or a spending budget because we use common sense.We have never once had an argument over spending money and have never ...
by JDCarpenter
Tue May 30, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 17119

Re: i am my own "guy," but not sure I should advertise that

At my first job an older co-worker preached the importance of a LBYM lifestyle and saving the max possible in my 401k. I'm glad he did. I understand the feeling completely, but it still bugs me a little that people are hesitant to give this kind of life-changing advice. Even if only 1 person you ta...
by JDCarpenter
Tue May 30, 2017 8:04 am
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 69
Views: 8235

Re: Do I deserve it?

Personal decision. But that's a lot of money.

(I'm atty married to a doctor, and we've never lived anywhere that had public transit. I bought my first new car at age 52--for less than 16K. DW got hers at 48, for whatever a Civic cost in 2009. YMMV.)
by JDCarpenter
Sun May 28, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Not Another Payoff The Mortgage Thread....
Replies: 38
Views: 5714

Re: Not Another Payoff The Mortgage Thread....

... I really would like to pay it off and be done with it , .... What would you do? What I would do is not relevant. You should pay it off, methinks. (Me, we just refi'd into 15 yr 2.75% mortgage of 220K--and we retire in July. But, I think I'm more risk tolerant than you are, and 220K is a roundin...
by JDCarpenter
Sun May 28, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 15653

Re: Play Money for Spouse....

This isn't a financial question. It is a marriage dynamics question. I was SAHD for 15 years (with a half-time law school teaching gig that paid $20Kish, which fully funded my 403(b)). (DW is OBG.) Went back to work (litigator) a few years ago to pay private college tuitions and, in the 3 or 4 years...
by JDCarpenter
Sun May 28, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone ever use Sebonic Financial for mortgage?
Replies: 18
Views: 49200

Re: Anyone ever use Sebonic Financial for mortgage?

Strayshot wrote:...my mortgage is serviced by cardinal financial.
...
Cardinal = Sebonic.
by JDCarpenter
Sun May 28, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Anyone ever use Sebonic Financial for mortgage?
Replies: 18
Views: 49200

Re: Anyone ever use Sebonic Financial for mortgage?

I figured I'd resurrect this thread from six feet under since i am debating using Sebonic Financial for a new home purchase. .... Any and all comments are welcomed. Thanks. new thread would have been better. :? Anyway, we had good experience with them on a 220K 15yr refi last fall--although they we...
by JDCarpenter
Thu May 25, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 74
Views: 14454

Re: Should I drink or sell my Pappy 12 year?

... There are a lot of bourbon drinkers out there that believe that Pappy is far overrated, especially the stuff they distill now. ... DW would be in this category. She's done a couple of verticals set up by their brand ambassador. Good stuff, but not worth the price--even for the 20 and 23 year ve...
by JDCarpenter
Thu May 25, 2017 8:47 am
Forum: Personal Investments
Topic: Roth Conversions Post Retirement
Replies: 19
Views: 2827

Re: Roth Conversions Post Retirement

... IMO, prior to RMDs & SS, converting up to the top of the 28% bracket should be fine. But watch out for the hard AGI steps in medicare premiums that don't align with tax brackets . Going over thresholds slightly can boost a couples yearly premiums by a couple of thousand bucks. ... See page 5 of...
by JDCarpenter
Thu May 25, 2017 8:11 am
Forum: Personal Investments
Topic: Roth Conversions Post Retirement
Replies: 19
Views: 2827

Re: Roth Conversions Post Retirement

One point which I think is important is taxation of SS. Roth $ don't cause taxation of SS whereas taxable dollars do. Consider how different income streams impact taxation. OP doesn't need to worry about this--his pension and annuity income blows past the hump. Seoulseeker--have you used the Retire...
by JDCarpenter
Thu May 25, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 17119

Re: i am my own "guy," but not sure I should advertise that

... I use something along this line, myself. "I like to split my money between my buddies. Jack Bogle gets most of it and I let David Booth handle the rest." I have, yet, to meet people who know of both of them." Ends the conversation quickly and that's generally to my liking. I would have been ask...
by JDCarpenter
Wed May 24, 2017 4:41 pm
Forum: Personal Investments
Topic: Fidelity and their "free advisor" service?
Replies: 44
Views: 9857

Re: Fidelity and their "free advisor" service?

Artful Dodger wrote:I have 1 million + with Fidelity and am in their private client group. ....
I could probably find this with a little effort, but I'll be lazy and ask. Does Fidelity (like Vanguard) require that the $1,000,000 be in certain investments, or merely in your account(s)?
by JDCarpenter
Wed May 24, 2017 11:06 am
Forum: Personal Investments
Topic: Arrived at milestone - what should be my next step?
Replies: 14
Views: 2017

Re: Arrived at milestone - what should be my next step?

first, GREAT job! How solid are your jobs; are they economically connected? When we were in your family/age position, we basically didn't have emergency fund because we could live off either income, DW's job (private practice doc) was rock solid, and mine was independent of the medical field.... If ...
by JDCarpenter
Wed May 24, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 17119

Re: i am my own "guy," but not sure I should advertise that

Bunch of shyguys in this thread :shock: ... But I would never hesitate to elaborate upon what I do and why it works for me , if it was context-appropriate to do so. People who are interested in helping themselves deserve exposure to good ideas. I definitely am in this camp. Even when I was a fiduci...
by JDCarpenter
Tue May 23, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: A little guidance please..
Replies: 6
Views: 1559

Re: A little guidance please..

TarHeel2002 wrote:... Sorry - just typing out loud to myself.. :D
You aren't the only one that benefits from using this forum for that! :happy
by JDCarpenter
Tue May 23, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: A little guidance please..
Replies: 6
Views: 1559

Re: A little guidance please..

You appear to be doing well! Sounds like a reasonable plan. I personally wouldn't rush to pay down the 3.125% mortgage, although others are more debt averse. As for the business property, under today's conditions that seems like a pricey interest rate (but, I've gotten used to the 2.75 on our house ...
by JDCarpenter
Mon May 22, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 12161

Re: Net worth is overrated

With all due respect, I do not know what prompted you to send this but I assume something involving yourself. I defy you to show me how somebody with 10 million dollars net worth can be in a worse position than somebody with nothing. 10 million is an 80 year old with terminal cancer. Zero is 2d yea...
by JDCarpenter
Mon May 22, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Galapagos Trip, Suggestions
Replies: 23
Views: 3826

Re: Galapagos Trip, Suggestions

Thanks for all of the tips so far! As for our diving experience, we have 20 dives under our belt right now. Hopefully we can get 5 or so more while in Galapagos. If you only have 20 dives I would not recommend diving in Galapgos - it really is for more advanced divers,at least any of the interestin...
by JDCarpenter
Mon May 22, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 12161

Re: Net worth is overrated

Yes, like most respondents, calculating net worth is valuable for my personal circumstances but not nearly as useful when comparing to others. I find it isn't too useful for one to compare their finances with others. Comparing to others doesn't result in much good. It often leads to misguided envy/...
by JDCarpenter
Mon May 22, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Index fund investor donates millions
Replies: 12
Views: 2891

Re: Index fund investor donates millions

... I agree - this line was particularly silly: Davis made his fortune by investing in funds in the Standard & Poor’s 500-stock index, He made his fortune by having a good paying job, maintaining a simple lifestyle and never supporting a wife and kids. Alternatively, he squandered his chance for a ...
by JDCarpenter
Mon May 22, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: Mexican Pacific Beaches
Replies: 58
Views: 7262

Re: Mexican Pacific Beaches

I don't understand the hype with mexico and Caribbean islands There are sharks everywhere, how can you swim in ocean knowing that there can be shark attack any time Not sure if you are serious but, shark attacks are a very low probability and your fear is irrational when compared with the rest of y...
by JDCarpenter
Mon May 22, 2017 10:21 am
Forum: Personal Investments
Topic: New Job - Retirement Options
Replies: 12
Views: 2022

Re: New Job - Retirement Options

... I believe I have two three choices: 1. Not participate in my new employer's 401k so it would just have the company contributions. I would then invest what I would normally contribute to a taxable account. We would continue fully funding both Roths. 2. Contribute to the new 401k to the same perc...
by JDCarpenter
Mon May 22, 2017 7:55 am
Forum: Personal Investments
Topic: A gem Livesoft uncovered
Replies: 64
Views: 13570

Re: A Gem from Livesoft

Since the 60-40 AA is touted a lot i am curious as to why 60% stock is not on the table If you read the methodologies section on the linked page, it explains that 70/30 with treasuries as the 30% is the equivalent in ERN's analysis, to 60/40 with corporate bonds. The series is well worth reading an...
by JDCarpenter
Mon May 22, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Galapagos Trip, Suggestions
Replies: 23
Views: 3826

Re: Galapagos Trip, Suggestions

.... What are the "must do's" in Galapagos? I don't even know where to start. We like any type of active adventurous activities, or any unique sights. We're PADI Open Water Scuba Certified and definitely want to dive while there. What's the best diving? .... A Galapagos liveaboard dive boat is on o...
by JDCarpenter
Fri May 19, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals... [real estate investments]
Replies: 82
Views: 14539

Re: Question for you high net worth individuals...

100% R/E We are negative in R.E., but have only purchased our own primary residences. BUT, there is a big difference between a professional (like Sandtrap, from his other posts), and dabblers. Our landlords for the first 18 months when we moved to the present town are in mid-40s, both with R.E. lic...
by JDCarpenter
Thu May 18, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: Upcoming travel plans with electronics
Replies: 22
Views: 2710

Re: Upcoming travel plans with electronics

... Didn't see anything in the link about it being 'off the table.' There are already many electronic items in checked luggage now with batteries, so I doubt that would matter in the decision process. If it's a serious threat, I don't think it will be a major problem to check the items, given the m...
by JDCarpenter
Thu May 18, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: National Law Review on "Inconsistent Rulings" on 403b cases
Replies: 5
Views: 865

Re: National Law Review on "Inconsistent Rulings" on 403b cases

Right. But I don't see where Tibble was actually re-heard. That was my question. (And from what you've posted, it seems that it was bounced back to district court, not appellate?) So the SCOTUS decision to bounce it back based upon the finding that the previous decision based upon the statute of li...
by JDCarpenter
Thu May 18, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: National Law Review on "Inconsistent Rulings" on 403b cases
Replies: 5
Views: 865

Re: National Law Review on "Inconsistent Rulings" on 403b cases

... Has the one of the Schlichter cases, the one that got bounced back from the Supreme Court to the Appellate (I think - mostly a good thing for Schlichter) been heard again yet? RM Yes, the Edison Brothers case has been the subject of two CTA9 decisions post-SCOTUS. The latest is a December 2016 ...
by JDCarpenter
Thu May 18, 2017 7:40 am
Forum: Investing - Theory, News & General
Topic: National Law Review on "Inconsistent Rulings" on 403b cases
Replies: 5
Views: 865

Re: National Law Review on "Inconsistent Rulings" on 403b cases

If you are interested in more details on this, you might want to take a look at the results Schlichter has obtained in the 401k area as well... He's been successful at this for a long time.
by JDCarpenter
Wed May 17, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 4274

Re: Rich Retirees Are Hoarding Cash Out of Fear

Levett wrote:There's another thread about this. You might look for it (or maybe it was locked, come to think of it).

It's only "actionable" for those of us who like to spend (prudently, of course!). :wink:

Lev
viewtopic.php?t=219015
by JDCarpenter
Wed May 17, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: Upcoming travel plans with electronics
Replies: 22
Views: 2710

Re: Upcoming travel plans with electronics

I would have thought to just use Fedex. But the cost.... Picking Berlin out of the hat for originating destination, and a 4KG package to Tennessee, the "international economy" (aka 5-6 day) rate comes to $222.86.
by JDCarpenter
Tue May 16, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 893
Views: 146214

Re: High Earners - What's Your Profession?

Spouse and I are both Optometrists (31 yrs old) in a small-medium Midwest city. Annual income is ~200k with both of us working ~35 hours per week, without evenings, weekends, call shifts, or overtime... No large annual bonuses and we could probably double income if we became practice owners, but th...
by JDCarpenter
Tue May 16, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 10286

Re: How Old Habits Can Sabotage Retirement

I think some people are just psychologically wired to be savers, and others, spenders. I'd say that spenders predominate in most of U.S. society. Not sure to what extent there are differences between countries/cultures. On bogleheads, savers predominate--I think I'm pretty safe in making this claim...
by JDCarpenter
Tue May 16, 2017 8:06 am
Forum: Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 171
Views: 61533

Re: Time to reach 1M and 2M milestones

There appears to be a lot of variation in what defines a million dollar networth. At age 55 I have 850K in equitable assets as a single guy, Short of the 1M milestone but how does that compare to a couple who claim to be worth 1.5M. If I get married to my GF who has few hundred K does that place me...
by JDCarpenter
Mon May 15, 2017 1:08 pm
Forum: Personal Investments
Topic: how do you invest your HSA
Replies: 47
Views: 9277

Re: Withdraw Anytime in the future?

Question: I might have read this somewhere but I would like a confirmation / opinions / take. Can one actually pay medical expenses out of pocket and retain the receipt/invoice. Then anytime in the future -- even 30-40 years down the road -- withdraw an amount equal to those medical expenses? If so...
by JDCarpenter
Mon May 15, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Switch from iPhone to Google Fi and Pixel?
Replies: 37
Views: 8423

Re: Switch from iPhone to Google Fi and Pixel?

I've been pixel on Fi since early February. Was Republic Wireless for several years before that; DW is verizon. Neither of us has ever had an iPhone, so can't help on comparing. We live on outskirts of Nashville and are often in rural areas in the midwest. My data usage outside of WiFi has never hit...
by JDCarpenter
Mon May 15, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 13083

Re: Was there a $$$ number after which things got easier?

For us, it wasn't really a dollar amount. Rather, it was when the last kid graduated college (we chose to pay for undergrad and the kids went to schools of their choice). Going from 3 enrolled to 0 enrolled in 4 years reduced expenses to the point that things got very easy. Three years later, we are...
by JDCarpenter
Mon May 15, 2017 9:49 am
Forum: Personal Investments
Topic: how do you invest your HSA
Replies: 47
Views: 9277

Re: how do you invest your HSA

NiceUnparticularMan wrote:We treat it as part of our overall long-term savings portfolio, and put into it whatever helps us achieve our overall target mix ....
This is what we do as well (fwiw, we hold VBR in the HSA as part of our tilt).
by JDCarpenter
Thu May 11, 2017 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: How specific/specialized is your Living Will?
Replies: 22
Views: 1882

Re: How specific/specialized is your Living Will?

Thank you both. JDCarpenter, by "aggressive living wills", do you mean refusal of the machines etc.? Explicit refusal of nutrition/hydration tubes if cruddy prognoses; right to withdraw such "help" once started, etc.... Basically our Living wills mesh with the PoAs. (Neither DW nor I can affort to ...
by JDCarpenter
Thu May 11, 2017 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: How specific/specialized is your Living Will?
Replies: 22
Views: 1882

Re: How specific/specialized is your Living Will?

Personally, I am not a fan of living wills. In my opinion, a static document that can't adequately cover every possible scenario. My preference is a broad Power of Attorney for Health Care with the agent (and successor) being trusted family members (or special friends who know me well) who are awar...
by JDCarpenter
Thu May 11, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: How I use I-ORP, and who shouldn't
Replies: 159
Views: 25175

Re: How I use I-ORP, and who shouldn't

.... Transferring 401k investments to an IRA after retirement [often] reduces fees .... For me and DW, yes, cheaper to transfer to IRA. I am not certain that my D.I.L. would find this to be the case--but google's plan is pretty darn good. So too, another son who is a baby-Fed employee at IRS legal ...
by JDCarpenter
Thu May 11, 2017 5:34 pm
Forum: Personal Investments
Topic: Help appreciated, if you can be patient with a newbie
Replies: 12
Views: 1854

Re: Help appreciated, if you can be patient with a newbie

Thank you all very much for the advice and the basic suggestions are what I suspected I'd read, so it's nice validation. I have a lot of reading to do. I'll get into this more for myself later, but for a "passive 3 fund portfolio" what are some funds that you would recommend for someone with a new ...