Search found 13859 matches

by White Coat Investor
Wed Apr 17, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau & Reverse Mortgages
Replies: 6
Views: 611

Re: Wade Pfau & Reverse Mortgages

I think that's a bad idea. Wade has had some interesting ideas about whole life insurance and reverse mortgages lately, but I'm not sold on them, especially when he takes insurance company money to write them.
by White Coat Investor
Tue Apr 16, 2019 5:34 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 4745

Re: Why does the stock market go up in the long term?

Because, over the long run, more people will buy stocks than sell them. Where else are people going to put their money if they want it to grow in a qualified retirement plan? It seems to me that every buyer has a seller and vice versa. This explanation for stock market movement never made sense to ...
by White Coat Investor
Tue Apr 16, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: "When Adding to Your Retirement Account is a Bad Idea"
Replies: 29
Views: 3926

Re: "When Adding to Your Retirement Account is a Bad Idea"

Basically, it's never bad. If it is bad, then do Roth conversions and then it isn't bad.

The "RMD Problem" is dramatically oversold (usually by someone selling something) and has a simple solution.
by White Coat Investor
Tue Apr 16, 2019 8:24 am
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 10295

Re: seriously thinking about leaving S. CA but where to?

I am retired so I can move anywhere in the country. I have spent countless hours searching for a place to live. Originally , I was searching for a state free of taxes. But it doesn't matter anymore. I just want to leave CA but not sure where. Any suggestions based on the criteria Criteria: 1/ Good ...
by White Coat Investor
Tue Apr 16, 2019 7:24 am
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 23
Views: 2341

Re: How does Alliant Credit Union make money on their Credit Card?

They won't give you a credit limit higher than $25K in the first six months no matter what your income. It really limits how much you can put on it.
by White Coat Investor
Mon Apr 15, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Physician “TO-DO” list for LLC
Replies: 30
Views: 2694

Re: Physician “TO-DO” list for LLC

I am helping my fiancée start a small business (LLC) to capture her income $$ as an independent contractor (1099), she is a physician out of training. What is our “To-Do List”? 1) Accountant? (Do we really need an accountant or can this be done by us assuming a reasonable degree of organization/tim...
by White Coat Investor
Mon Apr 15, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 9836

Re: How do 40 year olds decide what they can afford?

Save enough to reach your goals spend the rest. I think knowing the answer to that statement is the OPs struggle. Many of the commenters are offering helpful ways to thoughtfully evaluate and restrain your desires, a key element of even moderate frugality and a healthy balance sheet. The message I'...
by White Coat Investor
Wed Apr 10, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17966

Re: Bogleheads, why wont anyone hire me?

I always will have a chip on my shoulder bc I do believe it is who you know, not what you know. My next venture is to get a real estate license, I have given up on working for others. You don't want to work for others so you will get into real estate..... :shock: I have some bad news for you. I enj...
by White Coat Investor
Tue Apr 09, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Wife hates new job...wants to quit after 1 day
Replies: 195
Views: 20442

Re: Wife hates new job...wants to quit after 1 day

So my wife just started a new job paying in the low six figures at a multinational Corp and by the end of her first hour she wanted to quit. Her first few minutes at work began with with her new boss who told her that they had just announced a restructuring plan and that a hiring freeze had put in ...
by White Coat Investor
Tue Apr 09, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is a work-at-home job have the same expectations as the office job?
Replies: 63
Views: 3597

Re: Is a work-at-home job have the same expectations as the office job?

I keep reading on Bogleheads about how people with work-at-home jobs are able to get a lot done during the day that is not work related. Things like care for infants, do appointments, or take care of household chores like laundry, making dinner, and the like. My thought was that a normal job allows...
by White Coat Investor
Tue Apr 09, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 9836

Re: How do 40 year olds decide what they can afford?

Save enough to reach your goals spend the rest.
by White Coat Investor
Tue Apr 09, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: What websites do you use for the latest investing news?
Replies: 51
Views: 4224

Re: What websites do you use for the latest investing news?

I like to keep up with the most recent investing news throughout the day Why? it doesn't offer much with respect to good advice There is no good investing information available on TV unfortunately. Just the way it is. The useful stuff usually finds its way here to be honest, and even that is few an...
by White Coat Investor
Sun Apr 07, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in Dec.
Replies: 18
Views: 1891

Re: I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in

I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in December and they seem to be fine with this. My tax man did not see a problem with this. Is this ok? I can pay my entire state tax bill in April without penalty. But lots of states don'...
by White Coat Investor
Sun Apr 07, 2019 7:58 pm
Forum: Personal Investments
Topic: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments
Replies: 52
Views: 4536

Re: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments

At any rate, there's no way to minimize taxes on short term investments since they're paid at ordinary income taxes and gains are paid every year. The key to minimize investment taxes is to use retirement accounts whenever possible and invest tax-efficiently (i.e. long term) in taxable accounts. Or ...
by White Coat Investor
Sun Apr 07, 2019 7:56 pm
Forum: Personal Investments
Topic: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments
Replies: 52
Views: 4536

Re: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments

Hi, I've filed my taxes this year, and summarized my experience here in this blog post: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=277304. In summary, it says: - My W2 number is around 290K, and AGI is around 300K. - I paid an unexpected amount of 17.5K as federal tax, and I will get back...
by White Coat Investor
Sun Apr 07, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in Dec.
Replies: 18
Views: 1891

Re: I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in

I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in December and they seem to be fine with this. My tax man did not see a problem with this. Is this ok? I can pay my entire state tax bill in April without penalty. But lots of states don'...
by White Coat Investor
Sun Apr 07, 2019 5:45 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on this Forbes article? "Why Most Index Funds And ETFs Are Not Good Investments"
Replies: 76
Views: 10724

Re: Thoughts on this Forbes article? "Why Most Index Funds And ETFs Are Not Good Investments"

TLDR:. Index funds only get average returns and capture 100% of every market downturn. Active managers can sell the losers. If one wants to have above average returns use a mix. "use index options for those few asset classes that are widely covered and researched and actively managed choices for al...
by White Coat Investor
Sat Apr 06, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8744

Re: Married couples: can you have a team mentality with separate finances?

One pot. The reason you have friction is because you have two pots (or three). Get rid of the friction by going to one pot. We've had periods in our marriage where she earned more, periods where he earned more, periods where one person didn't earn at all, and periods where both are very well paid. ...
by White Coat Investor
Sat Apr 06, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: HDHP Through S-Corp
Replies: 12
Views: 661

Re: HDHP Through S-Corp

Owners of pass-thru businesses can not receive pre-tax health and welfare benefits. So there could be no deduction for any health insurance premiums and/or HSA contributions. However, S-Corp 2% shareholder-employees can: Take the self-employed health insurance deduction* for the health insurance pr...
by White Coat Investor
Fri Apr 05, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8744

Re: Married couples: can you have a team mentality with separate finances?

One pot. The reason you have friction is because you have two pots (or three). Get rid of the friction by going to one pot. We've had periods in our marriage where she earned more, periods where he earned more, periods where one person didn't earn at all, and periods where both are very well paid. O...
by White Coat Investor
Fri Apr 05, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: HDHP Through S-Corp
Replies: 12
Views: 661

Re: HDHP Through S-Corp

Owners of pass-thru businesses can not receive pre-tax health and welfare benefits. So there could be no deduction for any health insurance premiums and/or HSA contributions. However, S-Corp 2% shareholder-employees can: Take the self-employed health insurance deduction* for the health insurance pr...
by White Coat Investor
Thu Apr 04, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP Through S-Corp
Replies: 12
Views: 661

Re: HDHP Through S-Corp

Owners of pass-thru businesses can not receive pre-tax health and welfare benefits. So there could be no deduction for any health insurance premiums and/or HSA contributions. However, S-Corp 2% shareholder-employees can: Take the self-employed health insurance deduction* for the health insurance pr...
by White Coat Investor
Thu Apr 04, 2019 12:39 pm
Forum: Personal Investments
Topic: 199A Aggregation Rules Question
Replies: 1
Views: 93

Re: 199A Aggregation Rules Question

I think it's a no because you could use the same argument to say a "group of people" own two completely separate businesses with no common owners. Oh well.
by White Coat Investor
Thu Apr 04, 2019 12:34 pm
Forum: Personal Investments
Topic: 199A Aggregation Rules Question
Replies: 1
Views: 93

199A Aggregation Rules Question

One of the five requirements to aggregate businesses for purposes of the QBI deduction is: The same person or group of persons directly or indirectly owns 50% or more of each business to be aggregated. For businesses operated by an S corporation, that means owning 50% or more of the issued and outst...
by White Coat Investor
Tue Apr 02, 2019 10:49 pm
Forum: Investing - Theory, News & General
Topic: Conversion after recharacterization waiting period
Replies: 12
Views: 624

Re: Conversion after recharacterization waiting period

It sounds like you were talking to a new/young guy. The "recharacterization waiting period" only applied to Roth conversions, not recharacterizations. Although I can't find the older IRS 590-B versions online any more, I'm pretty sure the 30-day/end-of year rule applied as long as Roth conversions ...
by White Coat Investor
Tue Apr 02, 2019 2:36 pm
Forum: Investing - Theory, News & General
Topic: Reasonable timeframe to 'average in' to index funds?
Replies: 45
Views: 3539

Re: Reasonable timeframe to 'average in' to index funds?

alex123711 wrote:
Fri Mar 29, 2019 7:16 pm
If the best option is by averaging into the index is to dollar cost average over a long period, what is a reasonable time frame to do this, if one was mostly holding cash.
1 day
by White Coat Investor
Tue Apr 02, 2019 2:06 pm
Forum: Personal Consumer Issues
Topic: Second Favorite Financial Forums
Replies: 8
Views: 1504

Re: Second Favorite Financial Forums

Why would you assume this is someone's favorite? :)
by White Coat Investor
Tue Apr 02, 2019 11:37 am
Forum: Investing - Theory, News & General
Topic: Conversion after recharacterization waiting period
Replies: 12
Views: 624

Re: Conversion after recharacterization waiting period

Interesting. So immediate conversion is now allowed after recharacterizing a Roth IRA contribution to a traditional IRA contribution? Or rather, was always allowed?

Do you know of any published example from the IRS or similar of that?
by White Coat Investor
Tue Apr 02, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Conversion after recharacterization waiting period
Replies: 12
Views: 624

Conversion after recharacterization waiting period

My understanding of doing a Roth conversion after recharacterizing a direct Roth IRA contribution to a traditional IRA contribution is that you must wait the longer of 30 days or until the next calendar year. But I cannot for the life of me find a citation from the IRS about this. I tried Publicatio...
by White Coat Investor
Tue Apr 02, 2019 8:04 am
Forum: Personal Consumer Issues
Topic: Banff/Lake Louise Winter Trip
Replies: 5
Views: 833

Re: Banff/Lake Louise Winter Trip

I'm planning on taking a family trip to Banff/Lake Louise in January or February 2020. We will almost certainly fly into Calgary. We have been to this area in the summer and loved it. We have also been skiing a couple of times. We are not experts, but are comfortable on the blues at western ski res...
by White Coat Investor
Mon Apr 01, 2019 8:05 pm
Forum: Investing - Theory, News & General
Topic: Can A Watch Be Considered An Investment?
Replies: 33
Views: 2144

Re: Can A Watch Be Considered An Investment?

How am I the first to post this link in this thread:

viewtopic.php?f=11&t=27707
by White Coat Investor
Sat Mar 30, 2019 1:39 pm
Forum: Investing - Theory, News & General
Topic: Help on Women and Investing
Replies: 90
Views: 5334

Re: Help on Women and Investing

As a volunteer, I teach an investment course in our community about beginning investing. I don’t sell anything. Not a FA. Just someone who learned. Many men who come are concerned about their wives, mothers, daughters or other women they know who are reluctant investors. I’d like to get more person...
by White Coat Investor
Fri Mar 29, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else get a huge tax increase due to SALT deduction changes?
Replies: 101
Views: 7223

Re: Anybody else get a huge tax increase due to SALT deduction changes?

Did anybody else here get a huge tax increase as a result of the cap on the SALT deduction ? I knew the tax law changes were going to hit high-earners in high-tax states but I hadn't seen too many threads/complaints around tax-time on this board, so I figured it wouldn't be too bad. Rude surprise, ...
by White Coat Investor
Thu Mar 28, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: 17 out of 18 American Funds have beaten the index
Replies: 63
Views: 4831

Re: 17 out of 18 American Funds have beaten the index

5) Some funds will beat the market but you can't identify them reliably in advance I agree with this, but if (and that's a big "IF") 17 out of 18 funds from the same fund family all beat their index, then that's not a coincidence. And as noted by others, I doubt there's much survivorship bias with ...
by White Coat Investor
Thu Mar 28, 2019 8:03 am
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8934

Re: Tattoos and Bogleheads

Tattoo discussions always remind me of this meme: https://www.memedroid.com/memes/detail/837301 I've seen far more tattoos than most people in all kinds of locations. Some look better than others. I think location usually matters more than what the tattoo actually is as far as how I judge the person...
by White Coat Investor
Wed Mar 27, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: American Funds readily available with no loads
Replies: 30
Views: 2174

Re: American Funds readily available with no loads

ftobin wrote:
Wed Mar 27, 2019 7:11 am
Can you help explain why all of your posts are about promoting this fund provider?
I'd also be interested in hearing about any conflicts of interest the OP may have with American Funds.
by White Coat Investor
Wed Mar 27, 2019 7:31 am
Forum: Non-US Investing
Topic: P2P Lending - Europe
Replies: 15
Views: 1113

Re: P2P Lending - Europe

Did this for a few years. Actually did pretty well with it. 8-12% returns. But decided that it would be more prudent to just use hard money lending for the same purpose in my portfolio. Less risk, same return. If I can get 10% with properties to foreclose on, why take 10% on signature loans? Now if...
by White Coat Investor
Wed Mar 27, 2019 7:30 am
Forum: Investing - Theory, News & General
Topic: 17 out of 18 American Funds have beaten the index
Replies: 63
Views: 4831

Re: 17 out of 18 American Funds have beaten the index

The other answers are: 1) If investing in taxable, you must also look at post-tax results 2) Survivorship bias 3) Check for cherry-picked time periods 4) A minority of funds will beat the market, usually they are relatively low cost funds (cost is the main reason passive beats active) 5) Some funds ...
by White Coat Investor
Tue Mar 26, 2019 2:19 pm
Forum: Non-US Investing
Topic: P2P Lending - Europe
Replies: 15
Views: 1113

Re: P2P Lending - Europe

Did this for a few years. Actually did pretty well with it. 8-12% returns. But decided that it would be more prudent to just use hard money lending for the same purpose in my portfolio. Less risk, same return. If I can get 10% with properties to foreclose on, why take 10% on signature loans? Now if...
by White Coat Investor
Tue Mar 26, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: Adventure Trip Ideas - Pacific NW vs Utah / Wyoming
Replies: 16
Views: 995

Re: Adventure Trip Ideas - Pacific NW vs Utah / Wyoming

Utah deserves its own dedicated 7-10 day trip. You do not have to get all this in on one vacation. Just decide to do one trip this year and one next year. I did the Mighty Five in about 10 days and it was great. If you like hiking you will love this area. https://www.visitutah.com/places-to-go/park...
by White Coat Investor
Tue Mar 26, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Adventure Trip Ideas - Pacific NW vs Utah / Wyoming
Replies: 16
Views: 995

Re: Adventure Trip Ideas - Pacific NW vs Utah / Wyoming

Too ambitious to do both for a 7-10 day trip if you actually want to do some of the stuff you say you enjoy instead of drive the whole time. Which one to do? Well the first will be much less crowded if that helps. The least crowded part of your second itinerary will be when you are hanging out in a...
by White Coat Investor
Tue Mar 26, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: Adventure Trip Ideas - Pacific NW vs Utah / Wyoming
Replies: 16
Views: 995

Re: Adventure Trip Ideas - Pacific NW vs Utah / Wyoming

Too ambitious to do both for a 7-10 day trip if you actually want to do some of the stuff you say you enjoy instead of drive the whole time. Which one to do? Well the first will be much less crowded if that helps. The least crowded part of your second itinerary will be when you are hanging out in a ...
by White Coat Investor
Mon Mar 25, 2019 10:14 pm
Forum: Non-US Investing
Topic: P2P Lending - Europe
Replies: 15
Views: 1113

Re: P2P Lending - Europe

Did this for a few years. Actually did pretty well with it. 8-12% returns. But decided that it would be more prudent to just use hard money lending for the same purpose in my portfolio. Less risk, same return. If I can get 10% with properties to foreclose on, why take 10% on signature loans? Now if ...
by White Coat Investor
Mon Mar 25, 2019 9:23 pm
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 9002

Re: I would like a boat. I also know nothing about boats

I am accustomed to being (or thinking that I am) reasonably educated on most purchases that I make; however, I find myself in a situation where I will be purchasing a boat for the family. We purchased a home on a nice lake several years ago and have slowly renovated the backyard including the dock ...
by White Coat Investor
Sun Mar 24, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Where do you find high paying jobs?
Replies: 72
Views: 5548

Re: Where do you find high paying jobs?

There are some professions that are not personality based, most everyone makes the same money there e.g doctors. Others are personality and skill based like engineering. An engineer can make 30k to 30M a year. X years experience as an engineer doesn't guarantee you promotions, raises or a particula...
by White Coat Investor
Sun Mar 24, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Where do you find high paying jobs?
Replies: 72
Views: 5548

Re: Where do you find high paying jobs?

Personality in medicine may contribute to net worth over a lifetime as those that are more personable tend to get sued less. What? It is EXCEEDINGLY rare for a physician to pay out of pocket for a malpractice settlement or judgment. It certainly has no broad effect on physician net worth. In a typi...
by White Coat Investor
Sun Mar 24, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Where do you find high paying jobs?
Replies: 72
Views: 5548

Re: Where do you find high paying jobs?

Mostly people who find these jobs are going to have good behavorial flexibility, networking skills, valued degrees, valued technical skills, or know people where they work. Most of the time you need several of those to break 100k. Also, a lot of the posts on here are actually fake for one reason or...
by White Coat Investor
Sun Mar 24, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Spending summers at vacation home in New Hampshire - tax question
Replies: 5
Views: 815

Re: Spending summers at vacation home in New Hampshire - tax question

Each state has its own rules for what a resident is and what a non-resident is. I would start with reading them for each of the two states. The usual rule is you need to spend 6+ months in it to be a resident. Two weekends a month and three months in the summer isn't going to cut it I don't think es...
by White Coat Investor
Sun Mar 24, 2019 10:09 am
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 4925

Re: High Tax bracket strategies

does anyone have any options to lower dividends in taxable acct? I think i will likely divide total stock into index value in tax deferred, and index growth in taxable, to cut down on future dividend taxation (20%). Berkshire is another interesting option. That works fine if your taxable account is...
by White Coat Investor
Sun Mar 24, 2019 10:03 am
Forum: Investing - Theory, News & General
Topic: Any believers in the dollar milkshake theory?
Replies: 44
Views: 6710

Re: Any believers in the dollar milkshake theory?

According to Brent Johnson's dollar milkshake theory, the dollar is going to get a lot stronger, interest rates are going much higher, bonds will suffer, and stocks and gold will both perform well. https://www.realvision.com/tv/shows/the-expert-view/videos/the-dollar-milkshake-theory Does anyone ha...