Search found 276 matches

by Inframan4712
Fri Apr 16, 2021 9:37 pm
Forum: Personal Investments
Topic: Anyone have experience with Suntrust?
Replies: 21
Views: 1792

Re: Anyone have experience with Suntrust?

Looking to park some ETFs there to take advantage of a promo that requires holding >100K there in some combo of checking + investments. Obviously don't wan to hold that much in checking so was thinking of potentially moving an ETF over there. Thinking some sort of self directed brokerage, but just ...
by Inframan4712
Thu Apr 15, 2021 11:31 am
Forum: Personal Investments
Topic: Will Inflation pay off my home?
Replies: 85
Views: 8162

Re: Will Inflation pay off my home?

I think the answer is because you have to live somewhere and you have to pay money for that. Either rent or a mortgage. The advantage of the mortgage I think is that it forces you to save money. Most of the people here have discipline to save otherwise but probably most people in general do not. I ...
by Inframan4712
Thu Apr 15, 2021 11:29 am
Forum: Personal Investments
Topic: Will Inflation pay off my home?
Replies: 85
Views: 8162

Re: Will Inflation pay off my home?

I recently read two articles about investment firms (including foreign firms) buying whole neighborhoods from builders. The builders never even put them on the market. Then the firms rent the houses out. That's certainly a good partial explanation for the lack of inventory and the bidding wars for ...
by Inframan4712
Wed Apr 14, 2021 5:58 pm
Forum: Personal Investments
Topic: Will Inflation pay off my home?
Replies: 85
Views: 8162

Re: Will Inflation pay off my home?

I recently read two articles about investment firms (including foreign firms) buying whole neighborhoods from builders. The builders never even put them on the market. Then the firms rent the houses out. That's certainly a good partial explanation for the lack of inventory and the bidding wars for h...
by Inframan4712
Sun Apr 11, 2021 1:02 am
Forum: Personal Consumer Issues
Topic: Comfortable Men's Flip Flops?
Replies: 59
Views: 4369

Re: Comfortable Men's Flip Flops?

I’ve found discontinued shoes that I originally bought in a store, then needed another pair, on eBay.
by Inframan4712
Sat Apr 10, 2021 6:56 pm
Forum: Personal Investments
Topic: AA for someone 2 years from retirement
Replies: 47
Views: 4783

Re: AA for someone 2 years from retirement

A factor in deciding on your retirement allocation is the extent to which you’ll be dependent on withdrawals to cover your expenses. If you have a $500,000 portfolio from which you’ll need to withdraw $10,000/year then you might invest differently than if you’ll need to withdraw $20,000/year. One o...
by Inframan4712
Fri Apr 09, 2021 8:10 am
Forum: Personal Consumer Issues
Topic: fan trips GFCI; can I plug into surge protector?
Replies: 22
Views: 1398

Re: fan trips GFCI; can I plug into surge protector?

Buy a new fan. If it still trips, have electrician replace outlet and or inspect wiring.

A hair dryer in a bathroom at 1500 watts doesn’t trip GFCI. A small fan definitely shouldn’t.
by Inframan4712
Thu Apr 01, 2021 7:02 am
Forum: Personal Consumer Issues
Topic: Pre buy Disney World tickets as inflation hedge
Replies: 43
Views: 7256

Re: Pre buy Disney World tickets as inflation hedge

Contrarian view - skip buying them entirely and spend the money on something (more) real, like a national park.
by Inframan4712
Thu Apr 01, 2021 6:43 am
Forum: Personal Consumer Issues
Topic: Epipen if paying out of pocket / high deductible ins
Replies: 15
Views: 1365

Re: Epipen if paying out of pocket / high deductible ins

After 18 years of paying for Epi Pens for 2 children, and never needing them, we recently had to use 2 on my college-age son. He’s an athlete, very fit, great student. I’m a doctor - my son was in bad shape and 30 minutes from a hospital. The Epi Pens saved his life. Then the ambulance arrived and w...
by Inframan4712
Wed Mar 24, 2021 9:35 am
Forum: Personal Consumer Issues
Topic: Need a TV - What Brand
Replies: 37
Views: 2270

Re: Need a TV - What Brand

Samsung is not what it used to be.

TCL or Hisense, as long as they have Roku built in.

With 3 kids in college plus my wife and myself, we have 3 TCL and 3 Hisense. They work and look great. The $500 70” Hisense from Costco was a particularly amazing value.
by Inframan4712
Wed Mar 24, 2021 9:34 am
Forum: Personal Consumer Issues
Topic: Engineering - Umich (OOS) - Uva (InState)
Replies: 74
Views: 2967

Re: Engineering - Umich (OOS) - Uva (InState)

VA Tech.

Don’t go out of state.
by Inframan4712
Sat Mar 20, 2021 7:32 am
Forum: Personal Consumer Issues
Topic: My $2 a day car - for frugal living / car depreciation nerds.
Replies: 40
Views: 5824

Re: My $2 a day car - for frugal living / car depreciation nerds.

Forget all that for a moment. The real shock is that someone paid $3500 for a 2003 Civic LX with 109k miles that had blown a head gasket and clearly had many other repairs along the way. I traded in (yeah, I know) a 2003 Civic in 2011 with similar mileage for $3k. Nice work. A car that old is of a ...
by Inframan4712
Tue Mar 16, 2021 6:05 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

This is off-topic, but that level of job dissatisfaction for doctors suggests to me that there is something seriously wrong with medicine. The amount of resources that go into training a doc is huge, both for the person in question and for the rest of society. Ideally those resources would be amort...
by Inframan4712
Tue Mar 16, 2021 6:04 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

I've gotten some really good responses in this thread. Thanks to all who contributed. I really appreciate it. I'm going to work one more year and re-assess. And also look to where we can save even more and spend less. I found a way to sit some of the time at work, which helps. I won't be following t...
by Inframan4712
Mon Mar 15, 2021 4:55 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

I know it's not impossible but I wonder how a 55 YO physician only has $1.5m? People are amazed to find out that most doctors aren't rich. Only about 50% of doctors are millionaires and 25% have less than $1M at retirement. At $1.5M, this doc is approaching the 50th percentile for retiree doctors. ...
by Inframan4712
Mon Mar 15, 2021 4:53 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

delamer wrote: Mon Mar 15, 2021 1:04 pm
With all due respect, though, isn’t your sample of the elderly heavily skewed to the sick ones?
Not sure why you would think that. I take care of a lot of people. They don't even have to be sick to see me.
by Inframan4712
Mon Mar 15, 2021 4:46 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

House maintenance $100 It may be that your house is brand new; if so, ignore the following! Will you need to replace the roof or HVAC during the next 15 years? Most roofs & HVACs have 20-30 year lifespans. Do you have rain gutters or fences or a driveway that might need repairs? Are your floori...
by Inframan4712
Mon Mar 15, 2021 4:42 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

Respectfully, if you are a 55 year old physician with $1.5M saved, I think you will have a very hard time cutting back your lifestyle to the withdrawal rate you are describing. The savings rate must be fairly low in general let alone in your particular profession. Again - Because I had another care...
by Inframan4712
Mon Mar 15, 2021 4:41 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

No. I guess I wonder why, if you're so burned out, you chose to get a new mortgage six months ago? Maybe I missed it but what is your income? I know it's not impossible but I wonder how a 55 YO physician only has $1.5m? Because I had another career first. And then I took 8 years off from that caree...
by Inframan4712
Mon Mar 15, 2021 12:46 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

3. Opensocialsecurity.com recommends she take SS at 62 ($8000), I defer to 70 ($50,000), then she gets spousal benefit($15,000) Edit: spouse $19k at 65 for 6 years, then I start at 70 with $41k plus her $19k for a total of $60k, until one of us dies. Be sure to double check that your Social Securit...
by Inframan4712
Mon Mar 15, 2021 10:48 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

In reading your OP, I thought this was unlikely to work out well. I'm glad to see that you are considering at least 1-2 more years of work. Hopefully, you can make these major savings years. I was a little surprised by the lack of savings at this point. It unfortunately gives me a greater concern f...
by Inframan4712
Mon Mar 15, 2021 10:45 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

You have made your decision already. So the question really is how vs can. And the how will involve substantial changes to get to an average annual spending threshold that will allow for some rainy days. Some of the responses have asked you to consider less hours, you clearly don’t want to do this....
by Inframan4712
Mon Mar 15, 2021 4:27 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

I'm thinking about pulling the trigger in a year or two (or maybe tomorrow!) Can I do it? Rather than having 30x expenses, how about 15x? My thoughts are: That's pretty tight to do now, but you are very close. If you cut to 90K for the next 15 years and then 60-65K afterwards, the math works pretty...
by Inframan4712
Mon Mar 15, 2021 4:23 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

Sometimes, a big part of these questions comes down to whether you value your time or your stuff. You could flip this around. Instead of trying to accommodate 100k of annual spend, you could get serious about your budget and projected spend numbers. Figure out what the cuts would like and then deci...
by Inframan4712
Mon Mar 15, 2021 4:21 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

Apologies if I missed the answer. Since you plan to drop life insurance, what would your wife live off If you die first? If I'm dead, I'm not spending money on me. If I can retire, and we both can live on available funds, she can certainly live on those funds.She'll get less social security, yes. B...
by Inframan4712
Mon Mar 15, 2021 4:19 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

OP, 1) << Use ACA for insurance until Medicare>> If your annual expense/income is high enough, you would not qualify for the ACA subsidy. Then, your medical expense/insurance would increase substantially beyond your current level. 2) How are you going to pay for your kids' college education? 3) If ...
by Inframan4712
Sun Mar 14, 2021 9:14 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

canadianbacon wrote: Sun Mar 14, 2021 8:22 pm Can you cut your annual expenses to 75k? Then you’d at least have 20x expenses to start. The closer you can get to 75k the better I feel about your chances.
That’s a good approach, thanks.
by Inframan4712
Sun Mar 14, 2021 8:51 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

Following excellent advice was given in this forum on Sep 2020. I have only kept the part of "stick it out for 3-5 years" portion here. The person who gave this advice is left as an exercise for astute readers of this forum :-) If it is out of line, I will apologize and delete this reply....
by Inframan4712
Sun Mar 14, 2021 8:47 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

If I understand correctly, your age 70 income will be $65k, all SS which is indexed for inflation. Your expenses will be $100k minus mortgage minus amount by which you cut spending. Can you fill in the blanks of mortgage and realistic decrease in spending? I’m not gonna call it “burn out” because y...
by Inframan4712
Sun Mar 14, 2021 8:23 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

OP, 1) 31K of your expense is tied to the house. You cannot reduce that. And, out of that 31K PITI, how much of that is property tax and insurance? You still have to pay that even if you pay off the mortgage. 2) I really do not see how you can reduce your 100K per year expense substantially. And, i...
by Inframan4712
Sun Mar 14, 2021 7:22 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

JoeRetire wrote: Sun Mar 14, 2021 7:08 pm
Inframan4712 wrote: Sun Mar 14, 2021 5:12 pm I definitely can't work 5 more years.My body and psyche won't be able to take it. I might make it 2.
Sounds like your mind is made up.

Good luck.
Thanks.
by Inframan4712
Sun Mar 14, 2021 5:49 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

5. After 15 years, house is paid off, start drawing SS. Live off $65k/year SS. Spend more if anything left in portfolio, optional. So at this point in time, the plan is to spend every dollar coming in, with potentially nothing in the bank at all. That is not the plan. That is the max But you are pl...
by Inframan4712
Sun Mar 14, 2021 5:45 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

Its too tight for a $100K expense each year budget. Also try and check the SS benifits number - max 2021 benifits for 35 year contributions is about $46.75K. That SS will go up each year with inflation in the future but so will expenses. Planning a budget that you can live with that will be a best ...
by Inframan4712
Sun Mar 14, 2021 5:37 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

You have 15x expenses and 15 years until your planned start of social security at age 70. We're in an environment where TIPS have negative real yields, so there's no options that will guarantee you an inflation adjusted return that would maintain your level of spending even to age 70, let alone bey...
by Inframan4712
Sun Mar 14, 2021 5:33 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

I definitely can't work 5 more years.My body and psyche won't be able to take it. I might make it 2. If you have some serious flexibility with your living expenses, you should be fine. Getting to 20 X invested or more is obviously ideal, but if you can’t make it, you can’t make it. Plug in your num...
by Inframan4712
Sun Mar 14, 2021 5:12 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

5. After 15 years, house is paid off, start drawing SS. Live off $65k/year SS. Spend more if anything left in portfolio, optional. So at this point in time, the plan is to spend every dollar coming in, with potentially nothing in the bank at all. That is not the plan. That is the max But you are pl...
by Inframan4712
Sun Mar 14, 2021 4:57 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

I'm thinking about pulling the trigger in a year or two (or maybe tomorrow!) Can I do it? Yikes. You don't want to leave much room for the unexpected, do you? I do. I can spend less. A lot less. 2. We have 1.5 million in the portfolio. 4. Spend $100k per year for 15 years, from the portfolio. So th...
by Inframan4712
Sun Mar 14, 2021 4:52 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

duplicate
by Inframan4712
Sun Mar 14, 2021 4:50 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

Re: 15x expenses, then SS

I would approach this situation differently. I'd work longer, save more, etc. I'd have a hard time looking at a 40% reduction in spending when I hit 70. Regards, Let's assume I won't have a hard time. We reduced our spending well below that in 2020 during Covid. We didn't miss much. It's also not 4...
by Inframan4712
Sun Mar 14, 2021 4:36 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7844

15x expenses, then SS

I'm thinking about pulling the trigger in a year or two (or maybe tomorrow!) Can I do it? Rather than having 30x expenses, how about 15x? My thoughts are: 1. We spend about $100k per year. I could decrease that markedly if necessary. My only debt is my house and it will be paid off the year I turn 7...
by Inframan4712
Tue Mar 02, 2021 1:49 pm
Forum: Personal Consumer Issues
Topic: Personal trainer on Zoom: good idea? And if so how much should I pay?
Replies: 30
Views: 1740

Re: Personal trainer on Zoom: good idea? And if so how much should I pay?

Personal trainers and financial advisors.

Low bar to entry. Not remotely worth the high price.

You can learn to do both yourself.
by Inframan4712
Tue Feb 02, 2021 9:28 am
Forum: Personal Consumer Issues
Topic: 80+ inch TV
Replies: 58
Views: 5080

Re: 80+ inch TV

I suppose I'll go check out oled. However, my frugal mentality may not allow me to spend that kind of money. I'm kinda looking for a toyota camry of TVs. Then you should be looking at TCL and Hisense(but only the Roku ones). I have 3 Hisense and 2 TCLs from 40 to 50 to 70 inches. The 70 inch Hisens...
by Inframan4712
Thu Jan 28, 2021 8:32 am
Forum: Personal Consumer Issues
Topic: 80+ inch TV
Replies: 58
Views: 5080

Re: 80+ inch TV

I suppose I'll go check out oled. However, my frugal mentality may not allow me to spend that kind of money. I'm kinda looking for a toyota camry of TVs. Then you should be looking at TCL and Hisense(but only the Roku ones). I have 3 Hisense and 2 TCLs from 40 to 50 to 70 inches. The 70 inch Hisens...
by Inframan4712
Thu Jan 28, 2021 7:17 am
Forum: Investing - Theory, News & General
Topic: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?
Replies: 135
Views: 4950

Re: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?

We held. We bought more stock due to dividend reinvestment. We didn't rebalance as it wasn't time. We also didn't freak out. We lived through 1987, 2001, and 2008, so March 2020 felt familiar. Sounds like us. Lived through all of those. We are 90 percent VTI/VOO. Did some serious TLH last year. Sho...
by Inframan4712
Thu Jan 28, 2021 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Solar as an investment like bonds
Replies: 57
Views: 3199

Re: Solar as an investment like bonds

For high-income individuals, it's a tax-free bond. Admittedly, for all the risks/reasons listed above, it's not a slam dunk. But we are in our forever/(nearing)retirement home. Rather than put $15k in a CD and pay tax on the interest, we chose to put it into panels and a Powerwall for home backup. I...
by Inframan4712
Sat Jan 23, 2021 10:15 am
Forum: Personal Consumer Issues
Topic: Anyone have the new Apple M1 MacBook?
Replies: 28
Views: 2922

Re: Anyone have the new Apple M1 MacBook?

I'm not a fan of Numbers. I prefer Google Sheets over Numbers, and I think most Excel users would agree. You could also download LibreOffice if you want an Office 2003 kind of experience. +1 Numbers having no support for Pivot Tables is a deal-breaker for me. I use LibreOffice on my Macs. Why not j...
by Inframan4712
Fri Jan 15, 2021 8:50 am
Forum: Personal Consumer Issues
Topic: What is the correct premium to pay for a Toyota vs a Chrysler?
Replies: 53
Views: 3382

Re: What is the correct premium to pay for a Toyota vs a Chrysler?

I rented a Pacifica for a week and was thoroughly impressed. I buy Japanese cars but that Pacifica was really well done. We love ours. We bought it used. Great vehicle. Just drove it 900 miles round trip. We haven’t done that in years. The StowNGo seats have no equal in the other minivans. We put a...
by Inframan4712
Thu Jan 14, 2021 5:19 pm
Forum: Personal Consumer Issues
Topic: What is the correct premium to pay for a Toyota vs a Chrysler?
Replies: 53
Views: 3382

Re: What is the correct premium to pay for a Toyota vs a Chrysler?

I rented a Pacifica for a week and was thoroughly impressed. I buy Japanese cars but that Pacifica was really well done. We love ours. We bought it used. Great vehicle. Just drove it 900 miles round trip. We haven’t done that in years. The StowNGo seats have no equal in the other minivans. We put a...
by Inframan4712
Sat Jan 02, 2021 11:03 am
Forum: Personal Consumer Issues
Topic: Space Exploration
Replies: 79
Views: 4814

Re: Space Exploration

Crew Dragon is a capsule for two reasons. 1. The laws of physics haven’t changed. 2. That’s what NASA was paying for, so SpaceX took the money. They needed it at the time. Desperately Note that a reusable first stage, fairing halves and capsule is a huge improvement over 1960s tech. Starship will sw...