Search found 550 matches

by GreatOdinsRaven
Sat Aug 01, 2015 10:47 am
Forum: Investing - Theory, News & General
Topic: Financial Advisor v. Bogle Approach?
Replies: 33
Views: 4788

Re: Financial Advisor v. Bogle Approach?

Edit: I meant to recommend The Little Book of Common Sense Investing (Bogle) instead of Common Sense on Mutual Funds (that you're already reading). Sorry. It was late when I posted. I found a link a while ago on the Bogleheads Forum where Jack Bogle discussed investing. I'm enclosing a link to the s...
by GreatOdinsRaven
Sat Aug 01, 2015 12:41 am
Forum: Investing - Theory, News & General
Topic: Financial Advisor v. Bogle Approach?
Replies: 33
Views: 4788

Re: Financial Advisor v. Bogle Approach?

If we didn't believe that bogle knows what he is talking about, the site would be named somebodythatknowswhatheistalkingabout.heads. So let us think about this for a minute. If i am a great financial planner and i constantly beat any index you can name, year after year, why would i not want to show...
by GreatOdinsRaven
Tue Jul 28, 2015 1:52 pm
Forum: Investing - Theory, News & General
Topic: Interesting Statistic & Assumption on 529 plans
Replies: 9
Views: 1341

Re: Interesting Statistic & Assumption on 529 plans

Great link. Makes me feel fortunate I found my daughter's Vanguard 529 option, before I was fleeced (I had actually considered the Virginia plan).

Thanks for sharing!
by GreatOdinsRaven
Mon Jul 27, 2015 12:40 pm
Forum: Personal Investments
Topic: Golden handcuffs - help with vested retirement plan
Replies: 28
Views: 4199

Re: Golden handcuffs - help with vested retirement plan

With my own defined contribution plan my personal 401(k) contributions and my safe harbor contributions are/were immediately 100% vested, but the profit sharing components are/were set to a graduated vesting schedule of 0, 20%, 40, 60, 80 and 100% vesting over a 6 year period. I'm fairly sure this i...
by GreatOdinsRaven
Wed Jun 17, 2015 9:31 pm
Forum: Personal Investments
Topic: Investing advice for new physician
Replies: 10
Views: 1980

Re: Investing advice for new physician

Hello, Kircheis, If you post more details here, you will get some great, FREE, advice. I am also a physician, and was in your position 24 years ago. Feel free to message me if you have any questions. Like most of the Bogleheads, I prefer Vanguard, but Fidelity is also very good. The good thing abou...
by GreatOdinsRaven
Wed Jun 17, 2015 7:07 am
Forum: Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 14732

Re: Vanguard's new Personal Advisor Services

A few months ago I called Vanguard to find out about this service. I asked to speak with someone about the program and to learn more about what it entailed. I'll preface this by saying I think I just had a random episode of bad luck. I waited on hold for 20 minutes until they could connect me to som...
by GreatOdinsRaven
Tue Jun 16, 2015 9:27 pm
Forum: Personal Consumer Issues
Topic: Best "All Around Lens" for Nikon DSLRs?
Replies: 105
Views: 34894

Re: Best "All Around Lens" for Nikon DSLRs?

I have great glass and I have very good glass. They both have their places in your armamentarium. I consider the 18-200 a very good, very solid lens. It's a great vacation lens. While I have both the f2.8 70-200 and the 24-70 (and I love them both, especially for an FX camera. You can't use the 18-2...
by GreatOdinsRaven
Tue Jun 02, 2015 9:19 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

rgs92 wrote:So many people obsess about their portfolios when they would probably be better off just putting it all in VBIAX.
There's a lot to be said for this approach. It is what Mr. Bogle invests in for his grandchildren- according to his The Little Book of Common Sense Investing.
by GreatOdinsRaven
Tue Jun 02, 2015 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my house
Replies: 28
Views: 7099

Re: Should I pay off my house

If there are no other plans for the $110k sitting in savings, I would just pay off the mortgage and be done with it. Still leaves you with $56k in savings/emergency fund. Which only assuming here, but seems like plenty for your situation. Why pay any interest for a couple/few years if you don't hav...
by GreatOdinsRaven
Tue Jun 02, 2015 9:13 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

A timely announcement that will render at least a part of this conversation outdated by the end of this year: June 02, 2015 Vanguard announced today that four international equity index funds and ETFs will broaden their diversification by adding small-capitalization stocks to their investment portf...
by GreatOdinsRaven
Tue Jun 02, 2015 10:36 am
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

Let's try a back of the envelope estimate. If you are in the 39.6 bracket, let's say that you make about $500K/year. I would hope that if the company is contributing $60K/year into your pension for the next 30 years that you will get more than $1400/month. Let's say the pension balance gets up to $...
by GreatOdinsRaven
Mon Jun 01, 2015 11:37 pm
Forum: Personal Investments
Topic: Roth 401k paradox
Replies: 11
Views: 2081

Re: Roth 401k paradox

You should only fund the Roth now, unless you know for a fact that 3 0+ years from now, you will absolutely be in a lower tax bracket for your whole retirement. The real paradox of a Roth on today's graduates is that they have such a vague understanding of retirement income and taxation that they j...
by GreatOdinsRaven
Mon Jun 01, 2015 4:37 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

You really have no idea what your pension might be? How about yearly expenses and hence the amount that you will need to pull from your accounts in retirement? How about the final account balance and hence the RMD's that you will have to take after 70? Social Security? Honestly, not really. It's em...
by GreatOdinsRaven
Mon Jun 01, 2015 11:28 am
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

A starting place would be the market cap weighting, as approximated by Vanguard Total International: http://portfolios.morningstar.com/fund/summary?t=VTIAX®ion=usa&culture=en_US For a modest overweight, you could allocate 25% of your international holdings to VSS. You just have to be aware that ...
by GreatOdinsRaven
Sun May 31, 2015 7:11 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

PS: Also, I tried looking at the holdings in the Pacific and Europe Index. My eyes started glazing over. Do those indices really miss out on small caps? PPS: Are there any Vanguard Foreign Small cap value funds that are reasonable considerations? THX Yes, they do miss them. Just go over to Mornings...
by GreatOdinsRaven
Sun May 31, 2015 6:46 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

The forum is filled with recommendations for Vanguard Total International Stock Market Index fund (VTIAX). Thanks! I have seen those and I like that idea, especially if I was striving for a three fund portfolio or something similar. Instead of opting for it, I was won over on the annual rebalancing...
by GreatOdinsRaven
Sun May 31, 2015 6:38 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

iceport wrote:
Rebalancing between volatile assets with similar expected returns does offer the possibility of reaping a "rebalancing bonus" over the long term.
That's exactly what I was trying to say- you just did so much more eloquently!
by GreatOdinsRaven
Sun May 31, 2015 6:35 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

I agree that my approach it misses out on Canada. There is no perfect plan and mine certainly isn't perfect. I will need to confirm that I would be missing out on small cap foreign stocks with my plan, as you have said. I was unaware of that issue. Canada wouldn't bother me, but missing out of fore...
by GreatOdinsRaven
Sun May 31, 2015 6:25 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

Whenever I see Int'l split into those 3 funds, I think: Somebody read some old book or something. Just as suspected. Have you considered that Mr Ferri may have updated his advice with the advent of better products? Can you suggest a better product? And can you explain why one would not want to reba...
by GreatOdinsRaven
Sun May 31, 2015 6:19 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

I can't keep a 50/50 allocation of Europe to Pacific with the Total International Stock Market Index fund. So? Why would you want to? Or in other words, why wouldn't you want the market weight? And to add, why would you want to avoid Canadian stocks as well as small-cap foreign stocks? Well, I'm ba...
by GreatOdinsRaven
Sun May 31, 2015 4:56 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

If you have a lot already saved (relative to future expected expenses), there may not be a need to be aggressive (80% in stock) with you future allocations. If I was being completely honest I'd like to be able to retire (but not necessarily do so) a lot earlier than 58... Early 50s. Hence the incre...
by GreatOdinsRaven
Sun May 31, 2015 4:42 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Re: Is this a reasonable Asset Allocation

I see no reason to split international into Europe, Pacific, and Emerging Whenever I see Int'l split into those 3 funds, I think: Somebody read some old book or something. So what is your rationale for having 3 funds instead of one fund? I can't keep a 50/50 allocation of Europe to Pacific with the...
by GreatOdinsRaven
Sun May 31, 2015 2:30 pm
Forum: Personal Investments
Topic: Is this a reasonable Asset Allocation
Replies: 31
Views: 4556

Is this a reasonable Asset Allocation

I think I've finally come up with a portfolio model for my future contributions and I'm looking for additional eyes and opinions in case I'm overlooking anything or making an obvious blunder(s). Thank you for your help in advance. I'm going to give a brief summary up front, because I think most peop...
by GreatOdinsRaven
Sat May 30, 2015 10:23 pm
Forum: Personal Investments
Topic: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?
Replies: 16
Views: 2193

Re: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?

There is also Limited Term and Short Term Tax Exempt, with shorter duration and less yield. If Intermediate Term is a bit too risky for you, you could also hold some of the other two. How soon do you expect to need to withdraw from these TE funds? If it is longer than the average duration, you shou...
by GreatOdinsRaven
Sat May 30, 2015 6:16 pm
Forum: Personal Investments
Topic: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?
Replies: 16
Views: 2193

Re: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?

lack_ey wrote:What's your tax bracket? Is AMT relevant?
39.6%. Unfortunately. I've been tagged by the AMT occassionally in the past.

Sorry for the brief reply. I'm at work...
by GreatOdinsRaven
Sat May 30, 2015 2:42 pm
Forum: Personal Investments
Topic: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?
Replies: 16
Views: 2193

Re: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?

Sidney wrote:Keep in mind also that the HY TE fund holds bonds subject to AMT. You need to check how much this is -- it can vary from year to year..
Wow. Very helpful- and unexpected information.

Is this also true for the Vanguard Intermediate Term Tax Exempt Bond Fund, too?

How do I find this information?
by GreatOdinsRaven
Sat May 30, 2015 2:32 pm
Forum: Personal Investments
Topic: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?
Replies: 16
Views: 2193

Re: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?

Okay, I forget (or never knew in the first place) Rick's justification for junk bonds, but if it's a risk or diversification argument, long-dated munis are not going to capture whatever it is he's trying to get exposure with in junk bonds. I don't particularly think he intends people to try to copy...
by GreatOdinsRaven
Sat May 30, 2015 1:19 pm
Forum: Personal Investments
Topic: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?
Replies: 16
Views: 2193

Re: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?

. Why do you own junk bonds in the first place? What do you hope they will accomplish and why? What does "more advantageous" mean to you? An alternative to owning riskier bonds is just tilting the stock/bond split slightly towards stocks and using safer bonds, which may do better. Quite honestly, I...
by GreatOdinsRaven
Sat May 30, 2015 12:49 pm
Forum: Personal Investments
Topic: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?
Replies: 16
Views: 2193

Re: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?

Completely different. One is a muni fund, the other junk bonds. TJ, Thanks. You're getting to the heart of my question and exposing my ignorance. VWAHX is investment grade corporate long term with an average duration of 6 years. VWEHX is junk medium term with an average duration of 4.1 years. If I ...
by GreatOdinsRaven
Sat May 30, 2015 11:50 am
Forum: Personal Investments
Topic: High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?
Replies: 16
Views: 2193

High Yield Tax Exempt Options. Is VWAH the tax exempt equivalent to VWEHX (taxable)?

I'm trying to clear space in my tax advantaged retirement accounts and I am considering buying VWAH Vanguard High Yield Tax Exempt (ER 0.2% average duration 6 years, average maturity 15.5 years) in my taxable account(s) to replace VWEHX (Vanguard High Yield Corporate Fund Investor shares ER 0.23% av...
by GreatOdinsRaven
Thu May 28, 2015 9:19 am
Forum: Personal Investments
Topic: Complicated scenario: Out of room in tax advantaged accounts
Replies: 9
Views: 1354

Re: Complicated scenario: Out of room in tax advantaged accounts

Sometimes a holding is not in the ideal of tax advantaged or not, but capital gains make it worth holding onto it anyway. lafder I agree. Fortunately, I won't be facing significant capital gains issues when I rebalance my healthcare and bonds, as they are all currently tax advantaged. As I look to ...
by GreatOdinsRaven
Thu May 28, 2015 9:12 am
Forum: Personal Investments
Topic: Complicated scenario: Out of room in tax advantaged accounts
Replies: 9
Views: 1354

Re: Complicated scenario: Out of room in tax advantaged accounts

Fixed Income: 13.33% Vanguard Total Bond Market VBTLX 3.33% Vanguard High Yield Bond VWEHX 3.33 Vanguard Inflation Protected Securities VIPSX 1. So, what can I do? I basically need to move 24.36% of my total yearly investments from a tax advantaged to a fully taxable account (39.6% federal tax brac...
by GreatOdinsRaven
Thu May 28, 2015 1:40 am
Forum: Personal Investments
Topic: Complicated scenario: Out of room in tax advantaged accounts
Replies: 9
Views: 1354

Re: Complicated scenario: Out of room in tax advantaged accounts

How much of the portfolio is in taxable accounts and how much is in tax advantaged? Suggestions for fund placement and fund selection will be very different if your portfolio was mostly tax advantaged rather than mostly taxable. The three fixed income funds you listed are not tax efficient and shou...
by GreatOdinsRaven
Thu May 28, 2015 12:15 am
Forum: Personal Investments
Topic: Complicated scenario: Out of room in tax advantaged accounts
Replies: 9
Views: 1354

Complicated scenario: Out of room in tax advantaged accounts

I posted my initial asset allocation question a few weeks ago and I was given very good advice including a suggestion that I read Rick Ferri's All About Asset Allocation and Bernstein's The Four Pillars book. I did so and added in a couple of Jack Bogle's Mutual Fund books. These books helped my dec...
by GreatOdinsRaven
Tue Apr 28, 2015 11:31 pm
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

goodenyou wrote:Now, betting that the highest bracket is going to go up in the future, IMO, that is a slam dunk.

I agree.
by GreatOdinsRaven
Tue Apr 28, 2015 3:38 pm
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

What about his DB pension? When will it start and for how much will it be? What if it permanently puts him in the highest tax bracket throughout his retirement? In such a case, would it make sense to continue the Roth 401k? Well, FWIW, I posted recently about my current monthy accrued benefit of $1...
by GreatOdinsRaven
Tue Apr 28, 2015 3:29 pm
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

Your DB plan is designed to provide an expected return, if there is a return shortfall, usually the partnership is on the hook to make "good", but you can't get "blood out of a stone". If the partnership were to become insolvent, you will stand in line with everyone else as a creditor. You are 100%...
by GreatOdinsRaven
Tue Apr 28, 2015 3:21 pm
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

GreadOdinsRaven should invest in a traditional 401k, not a Roth. I'm only in the 35% bracket, and that's what I do. I plan to be in the 25% to no more than 33% bracket at any point in retirement, and during early retirement my goal is the 15% bracket, during which time I would convert IRA to Roth I...
by GreatOdinsRaven
Tue Apr 28, 2015 3:18 pm
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

I was wondering how you were doing a backdoor IRA with traditional balances. I wasn't sure if this was a future desire based on completing your 529 ambitions. But, the "backdoor" only works (efficiently) if you have no traditional IRA balances (without basis). Google a bit more, the basis you gain ...
by GreatOdinsRaven
Tue Apr 28, 2015 3:14 pm
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

You don't say whether and how much basis (non-deducted) you have in the traditional IRAs. If you have a lot of basis, that should be in Roth. If no basis, you need to pay tax on any conversions to Roth. I do have some basis in traditional IRAs that I didn't do back door conversions on in the past f...
by GreatOdinsRaven
Tue Apr 28, 2015 3:09 pm
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

Grt2bOutdoors wrote:
GreatOdinsRaven wrote:
A 4% withdrawal rate from the larger account will yield $78K pre-tax, you can take $11K from the smaller account to pay your taxes, meanwhile both accounts will accumulate while under your control, vs. that of the government.

I like the way you think. :sharebeer
by GreatOdinsRaven
Tue Apr 28, 2015 1:47 pm
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

Louis C, thank you for your thoughtful post. Second what percentage of your total income do you save? I save exactly 70% of my after tax income in taxble accounts. This does not include my roth IRA, my DB, my 529 contributions, my wife's 529 contributions, or my 401k. Error. I meant to say that cou...
by GreatOdinsRaven
Tue Apr 28, 2015 11:50 am
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

Most folks are not withdrawing the lumpsum on day one of retirement. Instead, they are using multiple income streams some of which are tax efficient to pay a reduced level of taxes. Someone who withdraws 4% of the retirement kitty would be in the 15% tax bracket, pay zero or close to it on capital ...
by GreatOdinsRaven
Tue Apr 28, 2015 11:46 am
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

With existing trad ira for both of you, are you really getting any benefit of back door roth? His Rollover IRA at Vanguard - 6% - Assumed trad ira His Traditional IRA at Vanguard - 7% Her Traditional IRA at Vanguard - 3.96 rounded to 4% Her Rollover IRA at Vanguard - 4.26% rounded down to 4% Total ...
by GreatOdinsRaven
Tue Apr 28, 2015 11:42 am
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

One more thought - you do have a disability plan, umbrella liability policy, sufficient term life insurance, an estate plan, correct? Given your income and unstated occupation that puts you in the maximum tax bracket, having all of the above should go without saying, but you'd be surprised how many...
by GreatOdinsRaven
Tue Apr 28, 2015 11:41 am
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

Louis C, thank you for your thoughtful post. Two things to consider here. One, what is your basic cost of living, and what is the amount you seek for discretionary spending? Do you have a budget? Do you want to retire at a different standard of living or keep the current one? Second what percentage ...
by GreatOdinsRaven
Tue Apr 28, 2015 11:30 am
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Re: Take Two. New complicated member needs help in several a

[quote="Grt2bOutdoors"][quote="GreatOdinsRaven"] Questions: Some general comments, when posting fund offerings please post the expense ratios, while we have a ball park estimate for the Vanguard funds by eyeballing the names, we do not have the expense ratios for the DFA funds (offhand I know they c...
by GreatOdinsRaven
Tue Apr 28, 2015 3:30 am
Forum: Personal Investments
Topic: Take Two. New complicated member needs help in several areas
Replies: 37
Views: 3545

Take Two. New complicated member needs help in several areas

Hi Everyone, I’m attempting to report my original question in a format that is a little easier to navigate and read. I have gone back and worked out the the percentages of each holding in my portfolio. I am 37 and hoping to retire by 55 (but realistically I think it might be 58 or later). Emergency ...
by GreatOdinsRaven
Thu Apr 23, 2015 10:21 pm
Forum: Personal Investments
Topic: New Member Who needs help with his portfolio/asset allocatio
Replies: 2
Views: 702

Re: New Member Who needs help with his portfolio/asset alloc

Lafder, That was very helpful. Thank you. I do not have access to my pension and I can't manage it. But, I am 100% vested in it! I have a sample size of one year, but the Vanguard Total International Stock index fund pulled down my returns from the Vanguard total stock market index fund- significant...
by GreatOdinsRaven
Thu Apr 23, 2015 9:11 pm
Forum: Personal Investments
Topic: New Member Who needs help with his portfolio/asset allocatio
Replies: 2
Views: 702

New Member Who needs help with his portfolio/asset allocatio

Hello, I am a newcomer to the bogleheads forum, but I read A Random Walk approximately 9 years ago and since that time I have been a believer in low cost index funds like the Vaguard S&P500 Index. I'm in the very fortunate position of finally entering a time period where my earnings have significant...