Search found 1397 matches

by JDCarpenter
Mon Nov 27, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 12180

Re: Any retired boglehead doctors out there?

looking to find out what retirement looks like for retired/retiring doctors today. Currently 53 and looking at options for the immediate and distant future. Locum tenen stories, early retirement, part time, consulting. Any stories appreciated. Too soon for DW to really be substantive on this, but w...
by JDCarpenter
Wed Nov 22, 2017 3:49 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 14015

Re: What are the things you want to do between 55 and 65?

Between early middle age and middle old age, travel seems to be the most common bucket list item. Any others? What else do they want to do, when they have both money and time? Although I am one of the "challenging travel" people in this thread, we also still have all of the things we loved to do be...
by JDCarpenter
Wed Nov 22, 2017 3:04 pm
Forum: Investing - Theory, News & General
Topic: DISTRIBUTIONS
Replies: 9
Views: 1707

Re: DISTRIBUTIONS

68yr old married with 4.4 million in IRA Any suggestions on doing some Roth Conversions Ouch. We are in similar situation, but 10 years younger--and still worrying that we have insufficient time to do the conversions that we presently project to wanting.... (Still, you gotta admit that this is trul...
by JDCarpenter
Wed Nov 22, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 24050

Re: Why NOT make more money?

.... There is a huge difference between $10k travel budget and blowing [diligently researching for the proper destinations and journeys to spend only] $150k a year in luxury [to] travel [for most of your days to all the places that your job kept you from seeing properly] . .... Fixed that for my DW...
by JDCarpenter
Tue Nov 21, 2017 5:36 pm
Forum: Personal Investments
Topic: Spending Taxable to Zero during Retirement
Replies: 42
Views: 6549

Re: Spending Taxable to Zero during Retirement

It all depends upon when you retire, your pension-type income (if any), the weights of your deferred/roth/regular accounts.... We will exhaust the taxable accounts in the first three years of retirement. But grossly skewed to deferred accounts, and no pension-type income. We will use the taxable acc...
by JDCarpenter
Tue Nov 21, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 93
Views: 8316

Re: Uber for someone who knows only taxis

Also, to the poster who asked why you have to verify the car, ... I always verify the make/model, license plate number, AND name/picture of the driver and ensure it matches the assigned ride on my Uber app. In addition to the safety issues, if you get into the wrong car, you will be heading to the ...
by JDCarpenter
Tue Nov 21, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 93
Views: 8316

Re: Uber for someone who knows only taxis

... I might use it more overseas. We used uber a few times in Peru when in larger cities, no collectivos that we were familiar with, and too far to walk. Good results with it--although the cars weren't necessarily as new as those in the US, they were fine. Given our abysmal non-mastery of spanish, ...
by JDCarpenter
Tue Nov 21, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 14015

Re: What are the things you want to do between 55 and 65?

... I am right behind you. Booked our first tour trip to Peru in May, after my solo trip in February to China, Thailand, and Vietnam. A two week trip to Europe is planned in July or August. We still have not figured out where to go in the first week of 2018. We will do as much travel as we could, r...
by JDCarpenter
Tue Nov 21, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 14015

Re: What are the things you want to do between 55 and 65?

Retired this year at 57/56 with this decade at the top of our minds.... So far, we have these things on the "do sooner rather than later" list--and some are booked: Strenuous liveaboard diving--Fiji, Cocos, Galapagos, etc. Diving involving complex travel--much of south pacific and indian oceans, at ...
by JDCarpenter
Sun Nov 19, 2017 6:09 pm
Forum: Personal Consumer Issues
Topic: Bank of America Premium Rewards card
Replies: 13
Views: 3255

Re: Bank of America Premium Rewards card

... Is it absolutely necessary to open a checking account with B of A to get the platinum honor level? Can I just open a ME account with 100k? ... That's my understanding. From the FAQs: To [obtain and] maintain your status, you need an eligible Bank of America personal checking account and a three...
by JDCarpenter
Sun Nov 19, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 22301

Re: Dave Ramsey says don't use credit cards, even if you pay them off

This is from a segment 1 year ago https://www.youtube.com/watch?v=np5i5oWfqAo Do you all agree with Dave on this? He says that it's stupid to use credit cards even in situations where you use credit cards for rewards points (credit card hacking) and pay them off each month without paying any intere...
by JDCarpenter
Sun Nov 19, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: Bank of America Premium Rewards card
Replies: 13
Views: 3255

Re: Bank of America Premium Rewards card

I'm in the "it was a breeze" camp. We had a barebones checking account with BoA. Had a large sum in it for a short time to fund a real estate purchase that didn't happen. When the money was sitting there, they alerted me to the rewards program, which I then funded by buying a couple of etfs at M.E. ...
by JDCarpenter
Sun Nov 19, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: Transcription services
Replies: 5
Views: 644

Re: Transcription services

a recommendation for rev.com Reliable and pretty accurate. $1/minute and usually turnaround within 24 hours. +1. We used it a couple of times at work for multiple speaker recordings that one party or the other secretly made prior to litigation. Not the best quality of recordings, and rev.com did a ...
by JDCarpenter
Sun Nov 19, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 8718

Re: How much do you budget for vacation?

Quite variable topic, depending upon one's tastes and where you are in your life.... We are mid-50s recent retirees and expect to continue this first year's experience for a while--a bit more than 50% of the year on long international trips, with a few domestic travels in addition. "Budget" is looki...
by JDCarpenter
Fri Nov 17, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: 35 yr-old doc needs some wisdom
Replies: 49
Views: 12153

Re: 35 yr-old doc needs some wisdom

... "Sure he makes great money, but what if he becomes burnt out in 5 years and needs to cut back to stay sane?" This is the question I ask daily. I don't want to be trapped in a job living a life of quiet desperation, compelled to see X number of patients or do Y number of procedures, just to pay ...
by JDCarpenter
Fri Nov 17, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Retire at FRA of 66, or delay for one year?
Replies: 11
Views: 1438

Re: Retire at FRA of 66, or delay for one year?

Why is the FRA relevant to when you retire from working? With your assets, paid off house, and the age & lifetime wage status of your wife, it sounds like you should look carefully at not drawing Social until age 70.... No need to work that long though--just carefully consider delaying the claim for...
by JDCarpenter
Thu Nov 16, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Dive computer recommendations
Replies: 8
Views: 1168

Re: Dive computer recommendations

Do you have your own gear so that you could put the puck into your instrument console? As always smaller (like the nifty air-integrated devices mentioned above) tends to be more pricey.... (FWIW, DW and I dive with one computer on wrist and another strapped on BC for backup; if you do dedicated mult...
by JDCarpenter
Wed Nov 15, 2017 12:42 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 6047

Re: Regrets after reaching retirement?

We did a week every year without kids, mainly to make up for not seeing each other enough during the weeks/weekends due to jobs. Add to that a week with kids at annual family reunion with grandparents. Can't say it really is a "regret," as our jobs were demanding, but it would have been nice to have...
by JDCarpenter
Tue Nov 14, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 10470

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

...-and that state treasurers are going to get a windfall in about ten years as people who have "gone electronic" on their statements start to die off. I agree that state treasuries and maybe even the US Treasury and insurance companies will be getting free unclaimed dough. I hope you realize that ...
by JDCarpenter
Tue Nov 14, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 5461

Re: Schwab/Fidelity vs BoA Gold: Checking

.... In contrast my much better appreciated than BOA (I have had them too) brick and mortar bank charged me $10 for a similar scenario this month and I have over 20k sitting on deposit with them (mildly annoyed but again my fault for not getting the deposits in on time) You should be able to set up...
by JDCarpenter
Mon Nov 13, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 5461

Re: Schwab/Fidelity vs BoA Gold: Checking

... Do you think the BoA platinum benefits justify the very high balance requirement? Thanks. Like others, I have six figures sitting in index ETFs at Merrill Edge, so the balance requirements are not an issue. (Then again, we are mid-50s retirees, not starting out in our mid-20s. Like so much else...
by JDCarpenter
Mon Nov 13, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: 35 yr-old doc needs some wisdom
Replies: 49
Views: 12153

Re: 35 yr-old doc needs some wisdom

Thanks for the update, Madman! Looking good--you've got room to make some pricey choices (like the car), just continue keeping the overall picture under control. Your large income gives you nice cushion as long as you avoid the "need" to keep up with the more spendy invasive cardiologists and Orthos...
by JDCarpenter
Mon Nov 13, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 5461

Re: Schwab/Fidelity vs BoA Gold: Checking

Recently I went on international trip and notified Ally. They stated that international ATM fees charged by ATM owner will not be reimbursed. Interestingly when I saw the statement they had reimbursed ATM fees incurred in Peru and India. So you may also take chance with Ally Debit cards internation...
by JDCarpenter
Sun Nov 12, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 24050

Re: Why NOT make more money?

... The real issue is that my wife does not want to travel to those countries that do not have good accommodations and other living conditions. She wants to stay at good hotels, while I could just sleep at airport floor if necessary. In that sense, we do not have enough and she does not mind workin...
by JDCarpenter
Fri Jul 28, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 9704

Re: Post Nuptial agreement guaranteeing alimony?

... Can you explain this? Are you telling me that my employer has legal right to control my spouse's employment? Obviously, the basic assumption is that they do NOT work for the same employer. I believe you are asserting that the preconditions are NOT ALWAYS absurd and husband's employer *may* lega...
by JDCarpenter
Fri Jul 28, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 9704

Re: Post Nuptial agreement guaranteeing alimony?

... No, the real problem is that the preconditions outlined here are absurd. Nothing legally allows husband's employer to put specific restrictions on his spouse's employment. ... These two sentences don't necessarily go together. And, at least in many states, the second one is probably wrong. (Dep...
by JDCarpenter
Thu Jul 27, 2017 4:07 pm
Forum: Personal Consumer Issues
Topic: Free Reading
Replies: 67
Views: 9366

Re: Free Reading

4.5 gutenberg.org is not the entirety of gutenberg. If you examine the UK, Canada, and Australia, for example, they have their own outposts. This is of interest for people living there, as the copyright protections tend to be shorter than in the US. (Thanks, Mickey!) Of course, those of us living in...
by JDCarpenter
Thu Jul 27, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: Where to View Total Eclipse? - Kansas City / Nashville et al
Replies: 98
Views: 9821

Re: Where to View Total Eclipse? - Kansas City / Nashville et al

I'm in Nashville, and we were planning to drive 25 miles or so out to a cousin's house outside of Gallatin, smack underneath the path. But now you guys have me wondering about how bad the traffic will be, and whether or not it might be worth just staying in town. Hmmm... :annoyed If your cousin cou...
by JDCarpenter
Thu Jul 27, 2017 8:09 am
Forum: Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 9505

Re: Why not Schwab instead of Vanguard?

As a schwab customer, the reason to use Vanguard is their breadth of low cost offerings cannot be beat. If you just want a three fund portfolio then Schwab is very good. They say Schwab has very good customer service, but in four years I have had little interaction with them. If you travel internat...
by JDCarpenter
Wed Jul 26, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 9704

Re: Post Nuptial agreement guaranteeing alimony?

... As Niels Bohr and Yogi Berra said, it's hard to make predictions, especially about the future. But an agreement can provide some protection against reasonably foreseeable events. ... +1. My perspective is/was perhaps an example of allowing the perfect to be the enemy of the good. (And, of cours...
by JDCarpenter
Wed Jul 26, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 9704

Re: Post Nuptial agreement guaranteeing alimony?

notmyhand, It is nigh-impossible to construct a legal agreement that covers all possibilities in an unambiguous manner. (I know--I made my living in disputes over the meaning of what teams of negotiators thought were solid agreements....) At a certain point, it comes down to trust and a reasonable d...
by JDCarpenter
Tue Jul 25, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 30201

Re: Buying house - Very important decision

Dont mean to restart the same topic, but a coworker was mentioning that he knows some folks who bought multiple SFH homes. Apparently they are able to rent couple of them for about the same as mortgage amount. He also says there is no way in hell prices are going to come down here. Wondering if thi...
by JDCarpenter
Mon Jul 24, 2017 4:00 pm
Forum: Personal Investments
Topic: $1m Windfall, Invest in a Taxable Account?
Replies: 8
Views: 2045

Re: $1m Windfall, Invest in a Taxable Account?

What are the terms of the trust? What is your desired asset allocation--and what other assets do you have? When do you need the principal or part of it (assuming it is accessible)? 25% individual, or MFJ? (i.e., just how big is the trust corpus to your earnings?) Have you invested before? If so, how...
by JDCarpenter
Mon Jul 24, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 30201

Re: Buying house - Very important decision

Prettybogle, congrats on the decision. At least another year of living on a nice budget and saving cash for the time that you buy a house. Also, with regard to anyone around here seeing Nashville as the next S.Valley, they are nuts. Look at just one factor--how easy is it to add housing units here v...
by JDCarpenter
Fri Jul 21, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Turned 44...performance against forecast
Replies: 23
Views: 3137

Re: Turned 44...performance against forecast

Impressive, even when subject to next market drop. You guys are definitely working per the plan! The closest tracking of that type for us was when we projected our desired retirement income way back in 1990 or so (we were 30/29 then). Came across it when cleaning out old papers last year and, when a...
by JDCarpenter
Thu Jul 20, 2017 4:22 pm
Forum: Personal Consumer Issues
Topic: Medical Coverage Outside US
Replies: 45
Views: 5347

Re: Medical Coverage Outside US

Travel medical insurance is probably over-priced, because those who think they may need it are more likely to buy it. ... Victoria Good point. Some outfitters require it for all customers, which may alleviate the selection bias... (We've been notified of such requirements for Salkantay trek in Peru...
by JDCarpenter
Thu Jul 20, 2017 7:52 am
Forum: Personal Consumer Issues
Topic: Medical Coverage Outside US
Replies: 45
Views: 5347

Re: Medical Coverage Outside US

I just spent a fair amount of time researching travel health insurance. Went with geoblue and a year-long plan. https://www.geobluetravelinsurance.com/ They (and others) offer either term plans or trip plans at quite reasonable premiums. (As noted above, most out-of-country stuff would be no big dea...
by JDCarpenter
Thu Jul 20, 2017 7:28 am
Forum: Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 166
Views: 15409

Re: Can anyone convince me I need international stock in my portfolio?

http://intmstat.com/exponential-logarithmic-functions/nikkei-225-to-sep2011.png +1. (Although the nikkei has doubled since the chart ended in Sept. 2011, it just closed at 20,145, as opposed to the December 1989 high of 38915.87.) Back to the OP's Question. The answer is No; no one can convince you...
by JDCarpenter
Thu Jul 20, 2017 7:19 am
Forum: Personal Investments
Topic: What to do after 401k and IRA max? Not found in wiki?
Replies: 12
Views: 1192

Re: What to do after 401k and IRA max? Not found in wiki?

... Are there recommendations as to what kind of taxable investing account one should aim for? REITs? Simple index fund? ... The account can hold any type of investment(s). As for as the investments, they should be consistent with your overall asset allocation and be tax efficient. REITs are not go...
by JDCarpenter
Tue Jul 18, 2017 2:04 pm
Forum: Personal Investments
Topic: Best use of money?
Replies: 5
Views: 1153

Re: Best use of money?

I agree with your thoughts that anything needed for home purchase in 1-2 years should be kept in "cash" or close to it. Online savings accounts are paying 1.15% or better.... Index mutual funds are good--but not for such a short time period. You could almost as easily lose 10% in one year than gain ...
by JDCarpenter
Tue Jul 18, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: COBRA vs. ACA plan - what to consider?
Replies: 48
Views: 5216

Re: COBRA vs. ACA plan - what to consider?

One other thing with COBRA, there was a third party company that admistered my companies COBRA. Between my old company and the third party company they made everything a awkward as possible and did the minimum that they legally could about notifying me when payments were due. It was clear that they...
by JDCarpenter
Tue Jul 18, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Do you guys accept first Job offer or negotiate?
Replies: 26
Views: 2826

Re: Do you guys accept first Job offer or negotiate?

It all depends. Here is anecdata: I didn't counter on job offers (first one was biglaw associate, another about 10 years ago, we just negotiated to a mutually acceptable structure over lunch); DW did both times (private practice doc and she was in demand). Son and daughter-in-law in NorCal have ever...
by JDCarpenter
Mon Jul 17, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs. ACA plan - what to consider?
Replies: 48
Views: 5216

Re: COBRA vs. ACA plan - what to consider?

... Thanks for the good points. And I do already have some deductibles and coinsurance expenses this year , and will not be eligible for any premium subsidy, so yes picking COBRA for now and reviewing new ACA plans / cost in regular open enrollment seems like a no-brainer. This has made it a no bra...
by JDCarpenter
Mon Jul 17, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation - Am I Doing It Right? (Individual vs Joint Figures)
Replies: 16
Views: 2162

Re: Net Worth Calculation - Am I Doing It Right? (Individual vs Joint Figures)

Why is net worth info needed to buy term life insurance? I would not provide that. None of their business. They are probably looking out for insurable interest and reasonableness. Wouldn't want someone taking out a $10M policy on their penniless neighbor whose stairs are [ soon going to be ] in hor...
by JDCarpenter
Mon Jul 17, 2017 9:28 am
Forum: Personal Investments
Topic: Which mutual fund paper records do you keep?
Replies: 7
Views: 681

Re: Which mutual fund paper records do you keep?

Some of our mutual funds we have had for over 20 years. I keep the end of year statement for each. This is lot of paper. I also record in a spreadsheet at the end of year dividends, interest, capital gains, beginning and end of year shares & share price. If I record the summary data in a spreadshee...
by JDCarpenter
Thu Jul 13, 2017 4:52 pm
Forum: Personal Investments
Topic: Retirement on track, feedback appreciated . . .
Replies: 10
Views: 1428

Re: Retirement on track, feedback appreciated . . .

Just adding the numbers up, you should be very close--depending upon where markets go in that time and what your asset allocation is. (I.e., a 30% stock market drop with majority of nonspecified holdings in equities would not be helpful.) Given the paid-off housing, my guess is that, like DW and me,...
by JDCarpenter
Thu Jul 13, 2017 2:25 pm
Forum: Personal Investments
Topic: Big change in our situation affecting our AA- how to handle?
Replies: 12
Views: 1695

Re: Big change in our situation affecting our AA- how to handle?

I agree with Tomato, ignore both the capital account and the accompanying loan for Asset allocation. 1) will likely become inconsequential numbers in the near/medium term. 2) cap account is quite difficult to access and functions more like home equity than a fixed income investment. 3) just treat th...
by JDCarpenter
Thu Jul 13, 2017 8:54 am
Forum: Personal Investments
Topic: Ditching our money man, whats next?
Replies: 9
Views: 1578

Re: Ditching our money man, whats next?

... 27 year old who in the last year graduated dental school, married, bought a house and started first real job. ... My head is spinning! (I remember those days though....) Congrats on getting a good handle on finances when starting out. That will serve you quite well. I'll second BolderBoy's poin...
by JDCarpenter
Wed Jul 12, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 11080

Re: Do you consider business travel to be a perk or a burden?

Yes.

In other words, it depended upon our time of life and the nature of the business travel. More likely to be a burden with small kids and multiple consecutive weeks/weekends out of town....
by JDCarpenter
Tue Jul 11, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Self insuring LTC
Replies: 15
Views: 1995

Re: Self insuring LTC

...I figure that, if I'm in a nursing facility, I'm no longer taking trips, eating at expensive restaurants, buying Tesla, so I should probably be spending less than I would in normal retirement. YMMV. +1. Agree as well. Although not at TT's level, we have large discretionary budget that would not ...