Search found 15068 matches

by White Coat Investor
Fri Apr 09, 2021 9:14 am
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 228
Views: 22101

Re: High spenders what do you spend on?

Recently we have seen some posts of folks spending $150-$200k/yr, excluding housing, college tuition and daycare . If you fit this description, I’m genuinely curious, what are you actually spending your money on? For reference my HHI is $700-800k, excluding housing and daycare and charity, my spend...
by White Coat Investor
Fri Apr 09, 2021 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Amending medical record...best financial decision?
Replies: 17
Views: 1760

Re: Amending medical record...best financial decision?

<t>I don't think it's worth it for health insurance purposes, but could be for disability and maybe even term life. <br/> <br/> I'd probably not do anything now and cross that bridge when I got to it. <br/> <br/> If when the kid is 30 and getting disability insurance and they ask if he has arthritis...
by White Coat Investor
Thu Apr 08, 2021 4:45 pm
Forum: Personal Investments
Topic: Sidedoor Roth
Replies: 33
Views: 2027

Re: Sidedoor Roth

There are much smarter people then me on this board so going to assume going into this that there is some legal or procedural mechanism that prevents someone from doing this but thought I would ask so I can learn from you all. If you have a roth ira and a regular taxable brokerage account, what's s...
by White Coat Investor
Wed Apr 07, 2021 4:22 pm
Forum: Investing - Theory, News & General
Topic: What is your contrarian/alternative play?
Replies: 101
Views: 8551

Re: What is your contrarian/alternative play?

Hi everyone! I want to ask those Bogleheads, who have deviated away from the traditional 3-fund portfolio, what is your current contrarian/alternative asset play? For me personally, after doing a heavy dive into macroeconomics, I have started to allocated a minor portion to BTC and a slightly large...
by White Coat Investor
Wed Apr 07, 2021 8:55 am
Forum: Personal Finance (Not Investing)
Topic: 1% margin loan vs. 2.85% 30yr fixed for primary home
Replies: 19
Views: 1822

Re: 1% margin loan vs. 2.85% 30yr fixed for primary home

I think I'd probably sell the assets rather than take out a long term loan. A margin loan would be a convenient bridge loan though, especially if basis is low.
by White Coat Investor
Wed Apr 07, 2021 8:36 am
Forum: Personal Finance (Not Investing)
Topic: DAF - At What $ Level Do Other Options Make Sense?
Replies: 8
Views: 849

Re: DAF - At What $ Level Do Other Options Make Sense?

The main other option is a private foundation. Benefits are a bit more optionsl on donations and you can pay yourself or kids to be on the board. DAFs are awfully convenient though. What $ level? I'd say it could start making sense to do a private foundation if you're putting mid 7 figures into it. ...
by White Coat Investor
Wed Apr 07, 2021 8:33 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 223
Views: 15201

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

I think people are afraid of the risk, and there is certainly a decent bit of junk in the price range. You have to shop very judiciously. My brother did follow this advise to decent success. He bought a Yaris 4 years ago for $2,200. We fixed an exhaust leak (bad gasket) right after he bought it, bu...
by White Coat Investor
Tue Apr 06, 2021 11:58 pm
Forum: Investing - Theory, News & General
Topic: TSP G Fund rate 1.375% (March 2021)
Replies: 12
Views: 2308

Re: TSP G Fund rate 1.375% (March 2021)

Joe Public wrote: Tue Apr 06, 2021 8:30 pm April 2021 - TSP G Fund rate is 1.625%

Slowly creeping back up!
Sweet! Intermediate bond yields and money market risk.
by White Coat Investor
Mon Apr 05, 2021 10:11 pm
Forum: Personal Investments
Topic: 2021 Check Up. 31 Years Old. NW $5M.
Replies: 48
Views: 5770

Re: 2021 Check Up. 31 Years Old. NW $5M.

Hi everyone! I hope folks are staying safe during the pandemic. I thought it was a good time to go through my portfolio and see if anything needs some tinkering. I'm adding some screenshots of my portfolio details below. Overall I'd love a gut check on if there's anything out of the ordinary that n...
by White Coat Investor
Sun Apr 04, 2021 10:39 am
Forum: Personal Consumer Issues
Topic: toyota sequoia vs toyota sienna safety
Replies: 44
Views: 2653

Re: toyota sequoia vs toyota sienna safety

We are in a market for a new car. Our family has 2 kids now + MIL. Wife is already set on 3rd kid and is secretly planning a 4th one :). We are in a market for large SUV due to safety concerns of smaller cars and in general need for space. At this point we are settled on Toyota and between Sienna a...
by White Coat Investor
Thu Apr 01, 2021 9:19 pm
Forum: Personal Consumer Issues
Topic: Resole hiking boots?
Replies: 40
Views: 2021

Re: Resole hiking boots?

The soles of my Danner hiking boots recently started de-laminating from the leather upper. Danner says that they cannot resole the boots, but that "I might get it done locally." I've certainly gotten my money's worth from this pair, but I hate to just toss them as the uppers are in great ...
by White Coat Investor
Wed Mar 31, 2021 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 48606

Re: Tales from this insane real estate market

Do you have a thread about this, by chance? Do you get a new primary residence mortgage every time you decide to move? No, I do not have a thread on it, but I have posted about it. BH is not kind to real estate investing threads, in general, so I mostly lay low about it. To answer your question, ye...
by White Coat Investor
Mon Mar 29, 2021 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 48606

Re: Tales from this insane real estate market

But on the other hand, it's the lowest risk way to build a rental portfolio I've ever seen. It's worked out very well for me. :beer Do you have a thread about this, by chance? Do you get a new primary residence mortgage every time you decide to move? No, I do not have a thread on it, but I have pos...
by White Coat Investor
Sun Mar 28, 2021 3:23 pm
Forum: Personal Consumer Issues
Topic: Backpacking gear recommendations - backpack, shoes, sleeping bag
Replies: 100
Views: 5427

Re: Backpacking gear recommendations - backpack, shoes, sleeping bag

backpacking is cheap way to have fun, get best boots. leather molds like skin! Skin molds like skin, too. I know a few people who backpack in sandals and do not need the crutch nor braces of boots. There are plenty of legit solutions between bare feet and heavy boots. I haven't hiked in boots since...
by White Coat Investor
Sun Mar 28, 2021 3:19 pm
Forum: Personal Investments
Topic: Margin investing VTI in taxable account
Replies: 17
Views: 1038

Re: Margin investing VTI in taxable account

Hey there friends -- I have been humbled trying to pick individual stocks and am throwing in the towel. Although I was up +35% at one point, the recent drawdown has nearly wiped out my gains. This is in my taxable account only. I have a high-demand job which requires the majority of my attention. I...
by White Coat Investor
Sun Mar 28, 2021 12:54 pm
Forum: Personal Consumer Issues
Topic: Backpacking gear recommendations - backpack, shoes, sleeping bag
Replies: 100
Views: 5427

Re: Backpacking gear recommendations - backpack, shoes, sleeping bag

I use these or TIMP, which provide slightly more padding. The OP has to realize that backpacking isn't super cheap, especially if you want to keep weight down. Their best bet might be to rent gear from a place like Lower Gear. Check out the forum backpackinglight.com. I picked up those shoes from R...
by White Coat Investor
Sun Mar 28, 2021 12:51 pm
Forum: Personal Consumer Issues
Topic: Backpacking gear recommendations - backpack, shoes, sleeping bag
Replies: 100
Views: 5427

Re: Backpacking gear recommendations - backpack, shoes, sleeping bag

I may do a backpacking trip every once in a while - probably be 10 or so miles a day, 2 day trip, once a year. I have some of the gear - small lightweight tent, sleeping pad, cheap sleeping bags but need things like a bigger backpack, new trail running or hiking shoes, possibly a better sleeping ba...
by White Coat Investor
Sun Mar 28, 2021 12:48 pm
Forum: Personal Investments
Topic: Using 529 (my529) in CA for k-12 private school
Replies: 6
Views: 679

Re: Using 529 (my529) in CA for k-12 private school

They'll send you a 1099Q and a TC675H. That should be plenty of documentation when combined with a receipt from the K-12 school. Not sure exactly how the gains are calculated though. I just took my first 529 withdrawal so maybe next year I could tell you. But it looks to me like the 1099Q will tell ...
by White Coat Investor
Sun Mar 28, 2021 8:36 am
Forum: Personal Investments
Topic: Help with "Cash Balance" Defined Benefit Plan
Replies: 8
Views: 892

Re: Help with "Cash Balance" Defined Benefit Plan

My wife is already retired, age 62. She worked for several companies, one of which provided a "Cash Balance", defined benefit plan. She is not eligible for a lump sum from this plan. The effective interest rate for the monthly interest credits is the 30 year treasury securities rate. We a...
by White Coat Investor
Fri Mar 26, 2021 6:04 pm
Forum: Personal Consumer Issues
Topic: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)
Replies: 60
Views: 4603

Re: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)

HawkeyePierce wrote: Tue Mar 23, 2021 12:58 pm There are also ongoing issues with the rivers in Zion regarding toxic blooms. The park service doesn't yet know if the usual water filters are effective against them.
Yea they do and they're not. Current advice is don't get it on your dogs and for heaven's sake don't drink it.
by White Coat Investor
Fri Mar 26, 2021 6:02 pm
Forum: Personal Consumer Issues
Topic: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)
Replies: 60
Views: 4603

Re: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)

What about things around the national parks (Grand Canyon, Yosemite, Zion) or the roads between them? Anyone with back-country backpacking experience, feel free to chime in with suggestions here. Check out Vermillion Cliffs National Monument. It's right off highway 89 which isn't too far from you a...
by White Coat Investor
Thu Mar 25, 2021 11:36 am
Forum: Personal Consumer Issues
Topic: son to major in Business, advice on specialization requested
Replies: 60
Views: 2644

Re: son to major in Business, advice on specialization requested

OP, what YOU want and what areas YOU want to know about are irrelevant to what your SON might want, and wish to explore. As well, your dismissals of various areas in business are not based on facts, just feelings. Others have educated you about some of those areas of business. It is not at all rare...
by White Coat Investor
Wed Mar 24, 2021 12:13 pm
Forum: Personal Investments
Topic: Life event (for dad)
Replies: 7
Views: 1259

Re: Life event (for dad)

88yo Dad is moving to self pay with good pension nursing Home soon in low cost area. I'm considering moving half of Total Stock Index and half of Total Bond index to fdic. 22% tax rate on ltg is less than 2k due (if i calculated correctly) The move doesn't change his AA oddly, still 35/65 Leaving a...
by White Coat Investor
Tue Mar 23, 2021 9:51 am
Forum: Personal Consumer Issues
Topic: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)
Replies: 60
Views: 4603

Re: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)

You probably won't need 5 days at Zion which is relatively small for a National Park. I highly recommend turning at least one of those days into Bryce Canyon. Lol. Not if you're just going to ride the bus to the end of the line and back like most people. Sounds like the OP is actually planning to s...
by White Coat Investor
Tue Mar 23, 2021 9:49 am
Forum: Personal Consumer Issues
Topic: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)
Replies: 60
Views: 4603

Re: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)

So I've taken a sabbatical from work this year and have a group getting together for a 2.5 week backpacking trip in late June and early July. One of my friends and I are actually taking the extended 0.5 part of the trip to detour to the Grand Canyon before meeting up with the rest of the party in L...
by White Coat Investor
Sun Mar 21, 2021 8:02 am
Forum: Forum Issues and Administration
Topic: FIRE sub forum
Replies: 37
Views: 3199

Re: FIRE sub forum

nigel_ht wrote: Sat Mar 20, 2021 10:16 amAlso, the moderation over there is not as good as the moderation here. It’s kinda heavy handed.
First time I've ever heard that one. Usually what I hear is that other forums are not as moderated as Bogleheads.
by White Coat Investor
Sun Mar 21, 2021 8:00 am
Forum: Personal Investments
Topic: How to think about total net worth when 90% of it is in a private business
Replies: 31
Views: 2909

Re: How to think about total net worth when 90% of it is in a private business

Hi all, Recently came about a high 7-figure (after tax) amount in secondary liquidity as part of a financing round in my business. The remaining value of my equity according to the financing terms is high 8-figures. To date I’ve invested our 401ks, IRAs, and small taxable brokerage in equities in a...
by White Coat Investor
Sat Mar 20, 2021 2:43 pm
Forum: Personal Investments
Topic: Too Much Cash in Business
Replies: 13
Views: 1402

Re: Too Much Cash in Business

Hi everyone, I am new to index fund investing and this forum, and have enjoyed reading all the great insights here. By way of background, I am a 28 yr old single accountant with a sole-owner S-corporation. The only debt I have, is the mortgage on my primary residence. I currently have the following...
by White Coat Investor
Sat Mar 20, 2021 11:56 am
Forum: Personal Investments
Topic: Too Much Cash in Business
Replies: 13
Views: 1402

Re: Too Much Cash in Business

Hi everyone, I am new to index fund investing and this forum, and have enjoyed reading all the great insights here. By way of background, I am a 28 yr old single accountant with a sole-owner S-corporation. The only debt I have, is the mortgage on my primary residence. I currently have the following...
by White Coat Investor
Sat Mar 20, 2021 11:53 am
Forum: Personal Consumer Issues
Topic: People with Covid-19 vaccination record cards: where are you keeping them?
Replies: 163
Views: 13850

Re: People with Covid-19 vaccination record cards: where are you keeping them?

When traveling pre-1980 I was always asked to show "passport and vaccination certificate" so to me it "feels like" a passport, and I think for the time being I'll keep it in the passport case along with my passport. I know there are no definitive answers on this, but what are ot...
by White Coat Investor
Sat Mar 20, 2021 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Can you give financial advice to friends and receive money?
Replies: 54
Views: 4574

Re: Can you give financial advice to friends and receive money?

A fair number of people get around this by "coaching" rather than advising, but it's a pretty gray area. Tread carefully.
by White Coat Investor
Wed Mar 17, 2021 8:11 pm
Forum: Investing - Theory, News & General
Topic: What are the odds of losing everything in a legit real estate deal/fund?
Replies: 31
Views: 2112

Re: What are the odds of losing everything in a legit real estate deal/fund?

I'm thinking of investing $50k (doable, but a lot for me, and something that I really wouldn't want to lose) in a new real estate fund (with a completely legit company that a friend has also invested in), which is going to be focused on buying 3-4 properties in a segment that I'm very comfortable w...
by White Coat Investor
Tue Mar 16, 2021 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: How do you tell if you should be making charitable contributions to reduce taxes?
Replies: 33
Views: 3327

Re: How do you tell if you should be making charitable contributions to reduce taxes?

How do you tell if you should be making charitable contributions to reduce taxes? Is there a tool or graph or can someone give an example of how making charitable contributions limits taxes? How do you know how much to donate assuming the goal is just to reduce the amount of taxes paid, but not bei...
by White Coat Investor
Tue Mar 16, 2021 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Best loans for Med School
Replies: 8
Views: 1010

Re: Best loans for Med School

As a general rule, you max out your federal loans before taking any private loans. Apply for scholarships too.
by White Coat Investor
Tue Mar 16, 2021 12:36 pm
Forum: Personal Investments
Topic: FSKAX vs ITOT in IRA's
Replies: 20
Views: 1383

Re: FSKAX vs ITOT in IRA's

Hello everyone, After researching tax-efficient fund placement on this forum, I hold ITOT in my taxable account because it is slightly more tax-efficient. When it comes to holding funds in traditional IRA's and Roth IRA's in Fidelity - is there an advantage of holding ITOT vs FSKAX or vice versa? A...
by White Coat Investor
Tue Mar 16, 2021 12:26 pm
Forum: Investing - Theory, News & General
Topic: Real estate vs stocks (sp500) , this convinced me to just buy and hold
Replies: 49
Views: 4985

Re: Real estate vs stocks (sp500) , this convinced me to just buy and hold

The key to real estate is leverage. If you want to do it right, you have to keep the leverage rate, i.e. when the mortgage is paid back so much, you need to refinance and keep a >3x leverage rate. Yes, I expect stock like returns out of good real estate investments, more if you leverage them up (ju...
by White Coat Investor
Tue Mar 16, 2021 11:26 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7817

Re: 15x expenses, then SS

The average doc makes $275K. Many docs are making less than $200K for various reasons. Right. Many docs make less than the average. Clearly that is true for any profession - some make more than the average, some make less. This guy was making 6 figures about a year after teaching himself to code: h...
by White Coat Investor
Tue Mar 16, 2021 10:13 am
Forum: Personal Investments
Topic: DLP Capitol
Replies: 36
Views: 1655

Re: DLP Capitol

Depending on what I sell to free up the 100K, I‘d be about 70-75% stock, 20% private real-estate fund, 5-10% bond, which I can further tweak with my monthly “new” retirement contributions. All these percentages I’m quoting refer just to my retirement savings. I'd make the plan first, then buy the i...
by White Coat Investor
Tue Mar 16, 2021 10:11 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7817

Re: 15x expenses, then SS

I'm curious what jobs out there require half the training of an MD and pay twice as much? Not every engineer or CS makes 250-500k. Lots of them are in tech and engineering and sales and management for sure. The average doc makes $275K. The average dentist makes $180K. Many docs are making less than...
by White Coat Investor
Tue Mar 16, 2021 12:06 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7817

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 White Coat Investor
Tue Mar 16, 2021 12:00 am
Forum: Personal Investments
Topic: DLP Capitol
Replies: 36
Views: 1655

Re: DLP Capitol

I would not invest in this if I were you: 1) it is an illiquid, opaque investment without the transparencies afforded by marketable securities. You are sacrificing a great deal of diversification and investor protections without adequate compensation. How much is adequate compensation? 10% return? ...
by White Coat Investor
Mon Mar 15, 2021 11:54 pm
Forum: Personal Investments
Topic: DLP Capitol
Replies: 36
Views: 1655

Re: DLP Capitol

No, you should not invest. The offeror has reduced the minimum from $250k to $100k because they are unable to finance with accredited investors or institutions, aka banks. Take a pass and keep on socking away the savings in your 3-fund portfolio. Would you be interested if you had 50% chance of 0% ...
by White Coat Investor
Mon Mar 15, 2021 11:45 pm
Forum: Personal Investments
Topic: DLP Capitol
Replies: 36
Views: 1655

Re: DLP Capitol

I’m 36. Net worth a little over $750K. Roughly $500K personal residence, 370K left on my mortgage, with about 585K in various retirement accounts invested in Boglehead fashion. (The rest in Bitcoin, 529s, short term savings etc) Annual income, about 400k. Due to an offer associated with White Coat ...
by White Coat Investor
Mon Mar 15, 2021 6:24 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7817

Re: 15x expenses, then SS

I haven't been in practice for 25 years at age 55, only 1/3 of that 25. I bet you have an interesting story. It's certainly a story that is becoming more common lately. I see a biased sample, but I wouldn't be surprised to learn that 25% of docs less than 10 years out of training would retire compl...
by White Coat Investor
Mon Mar 15, 2021 4:50 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7817

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 White Coat Investor
Mon Mar 15, 2021 4:48 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7817

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: 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 ...
by White Coat Investor
Sun Mar 14, 2021 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth - Do I still need to fill out a 8606?
Replies: 7
Views: 339

Re: Backdoor Roth - Do I still need to fill out a 8606?

Hi, Long time lurker and just wondering about a quick question. I had originally thought I was going to cross the income limit on my income to do a straight Roth IRA contribution. So I went the backdoor method. I was expecting to fill out a 8606. However, as I’m preparing my taxes now...it seems li...
by White Coat Investor
Fri Mar 12, 2021 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to use a tax refund early when filing an extension?
Replies: 4
Views: 336

Re: Any way to use a tax refund early when filing an extension?

in your situation would go toward your Q1 2021 estimated taxes. See Line 36 of Form 1040, and the TTax instructions: https://ttlc.intuit.com/community/refunds/help/how-do-i-apply-my-refund-to-next-year-s-taxes/00/26068 Is that true even if the return is filed in October? I couldn't find anything in...
by White Coat Investor
Fri Mar 12, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to use a tax refund early when filing an extension?
Replies: 4
Views: 336

Any way to use a tax refund early when filing an extension?

Unique situation this year for me. I expect a very large federal tax refund (like quarterly estimated tax payment size), but I'll need to file an extension. Probably won't even be able to complete the return before making two and maybe even three quarterly estimated tax payments for 2021. Is there a...