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[artemis]

Yet. Does he know that many other people have, and that he has no recourse if he does?

Most people can understand and accept the possibility...

[artemis]

And yet our highly educated OP is storing his crypto assets on Coinbase. I suspect he is typical of most retail investors in that regard. And I suspect...

[artemis]

That retirement date is still far enough out that your Target Date fund is likely to be very stock-heavy. There is no standard glide path for these funds,...

[artemis]

Well, depending on your age that is quite understandable. If you're young, that fund could be holding as much as a 90:20 stock: bond allocation....

[artemis]

When I read that WCI thread I linked to, in which jacoavlu described all the security precautions he takes to make sure he doesn't lose his crypto assets,...

[artemis]

A couple more things the OP should read:

https://www.pcmag.com/news/coinbase-...-spring#:~:tex...

[artemis]

True, but the OP might be able to compensate for that in his future retirement accounts. The big plus, of course, is that it opens the door for future...

[artemis]

They are, and well worth touring!

[artemis]

You'd think that since my mother grew up in Louisville and I spent a lot of time there as a kid I'd have some useful tips, but alas, I do not. I've never...

[artemis]

You do not need a zillion investment options. What you need are a handful of very well chosen investment options, and my understanding is that the Thrift...

[artemis]

Govern me better.

GOOD government is necessary for a civilized society. There is simply no avoiding that reality. Without it, the strongest...

[artemis]

Is there ANYTHING Bitcoin cannot do?!!!

Seriously, one issue that pops up over and over in the tech world is the tendency to think that...

[artemis]

I don’t. No one does....

[artemis]

If on net it's causing more harm in the world than good, yes. And it is....

[artemis]

As a pathologist I feel the need to issue a word of caution on that score. I don't know of any pathologists (especially in private practice) who keep...

[artemis]

They are an extreme minority of the people in those places who are affected by their government's bad policies, and they own only a tiny fraction of all...

[artemis]

D'uh! *head smack* I never realized that until now; thanks for pointing it out!

"You shall not press down upon the brow of labor this...

[artemis]

I would note that to the majority of the people on your list Bitcoin is an irrelevance as they do not have access to the technology needed to either buy...

[artemis]

Not really. I am confident crypto will eventually go to zero, but I do not know what time frame that will take. It costs money to hold a short position,...

[artemis]

You might want to check and see if the Fidelity 401k offers an automatic rebalancing option. That makes it simple: you set it and forget it, and at...

[artemis]

Mostly for ideological reasons which have little connection to economic reality. Plus a vague belief that anything futuristic MUST have value. Remember,...

[artemis]

Buy more of what? Crypto? No (as its "value" is tethered to nothing in reality; it has no physicality and therefore cannot be made into anything,...

[artemis]

It's better to save for early retirement and then decide to work longer than to plan to work until standard retirement age and have something unexpected...

[artemis]

It may shock the OP, but not so long ago a mortgage between 5-8% was considered a good rate. When I was growing up mortgage rates were double digits....

[artemis]

Nothing wrong with favoring the simplicity of target date funds in your retirement accounts right now; since trades in retirement accounts have no tax...

[artemis]

I can't see paying off a mortgage as bad, especially if you did it before now. That means more money per month you can place in the stock market while...

[artemis]

I see nothing wrong with your plan. It's sensible use of debt to minimize the pain of an expensive one-time worthwhile upgrade to the property - precisely...

[artemis]

Geothermal energy. Tapping the Earth’s heat to generate power....

[artemis]

Well, my chances of getting sick turned out to be 100%. I got Covid this past weekend. Started Paxlovid on day two, and appear to be recovering without...

[artemis]

Rebalancing is something you only need to do do once a year, so I recommend just picking a calendar date and sticking with it. It's not based on performance...

[artemis]

Why would you sell funds at a loss inside a retirement account? You cannot tax loss harvest in retirement accounts; that is only doable in taxable accounts....

[artemis]

The prices are high, but the bigger problem is that air travel just isn't reliable right now. Flights are being canceled right and left due to a pilot...

[artemis]

Of course this is announced AFTERI have canceled my August trip to Portugal.

But this saves my birthday trip to Crete, and I just put down...

[artemis]

There's no downside to using the backdoor to make your Roth contribution (apart from it being slightly more cumbersome), and it protects you if your income...

[artemis]

^^^Those are good suggestions, and I may resort to them if this nonsense continues into 2023, as I have no intention of remaining stuck in the US forever....

[artemis]

I think that's pretty much what everyone is seeing. And about half of our in-house COVID patients are in-house WITH COVID rather than FOR COVID. They...

[artemis]

Is it the end of the world, no. But it IS a major headache.

I'm not postponing all travel, just international travel (assuming I decide...

[artemis]

That's not such a marginal benefit in my eyes. I'm debating canceling a trip to Portugal precisely because the government is still requiring a negative...

[artemis]

Congratulations! It always feels good when hard work pays off.

[artemis]

Or if the company won't allow that, do Roth for several years, then switch over to Traditional....

[artemis]

No financial or commercial regulations in the US have ever come close to what the Great Leap Forward and the Cultural Revolution did in China. People...

[artemis]

That is always true. Spring and early summer are always the worst time to buy a house, because so many families with kids want to get settled in a new...

[artemis]

The chances of it coming to pass in the US are infinitesimal though. But look at China under Mao, and you will see what Xi could potentially bring about....

[artemis]

Yes, of course....

[artemis]

And given what Xi has done to several Chinese-owned companies, I can see US companies deciding that even if Chinese labor costs remained low, the risk...

[artemis]

So will I, but part of me wishes I'd kept my bell-bottom jeans and mood ring. This feels like 1973 all over again. But if we ARE heading into Stagflation...

[artemis]

I don't think so. Russia's completely unprovoked invasion of Ukraine has been a big wake-up call to much of the world....

[artemis]

Ignore the name. Monkeypox is actually primarily a disease of rodents. ("Rodentpox" or "Ratpox" just doesn't sound as cool, even if...

[artemis]

I agree for the most part, but the Ukrainian guy is different. He wasn't trying to get rich the easy way, he was trying to move his money out of an unstable...

[artemis]

From the way he phrased things in his first post, I don't think we can safely assume that the OP will be able to cash flow the college expenses. He thinks...

[artemis]

I feel sorry for the Ukrainian guy, as I can see why in his situation he'd find stablecoins appealing (as it's probably tough for him to open a bank account...

[artemis]

There's one big difference, though. If the OP thinks he can cash-flow $100k/year, what happens if he falls significantly short of that goal?
...

[artemis]

I agree with Nephron. Why not keep the $400k in cash and use it over the next 5 years, and starting now just bump up your monthly investments considerably?...

[artemis]

Can't blame her. Would YOU want to spend your retirement surrounded by us? ...

[artemis]

How would you feel if you put the money into VOO and the market tanked by 50% just when your kids need it?

I'd hold it liquid for now, until...

[artemis]

It's not what I don't understand, it's what I do understand. A lot of people use net worth calculations to justify tying up the lion's share of their...

[artemis]

The problem is that most people don't have the right personality for it. Most Americans stay put when they retire. And the reasons are understandable:...

[artemis]

Look at the inflation rate, then do the right thing. Your lawn guy (and housekeeper, and any other people you hire to do routine chores) definitely deserve...

[artemis]

Very true, and sensible. You're not doing what abds is suggesting though: "...paying off your mortgage is a big part of wealth accumulation that...

[artemis]

But unless you are willing to either move to a much lower cost of living area when you retire (which might even mean moving out of the US, if you are...

[artemis]

It buys a ridiculously oversized house OR it buys a normal-sized house on significant acreage. Quite a few people like having the latter....

[artemis]

I'd probably be more motivated if I kept more cash as part of my portfolio, but I don't. As you say, $10k/year doesn't move the needle much, but it does...

[artemis]

Yes - or put more of your retirement savings into bods years from now. Remember, trading within a retirement account has no tax implications, and it's...

[artemis]

This may sound strange, but if I was in your shoes I'd encourage my spouse not to worry overmuch about preserving the value of the estate. She doesn't...

[artemis]

Still not touching I bonds! (That would probably change if I could purchase them in my Vanguard account instead of having to set up a Treasury Direct...

[artemis]

IRS designations are irrelevant to the point I was making to the OP. Both landlording and house flipping require ongoing work. Generating income from...

[artemis]

Active income, aka working. (And the work may not be 9-5; think landloarding or house flipping.)

[artemis]

I can't imagine that the amphitheater will do anything but decrease the value of your house. The problem is that it's impossible to know how much the...

[artemis]

Yes, if you know you're going to be donating to charity regularly for years, that's a smart move. Make a BIG donation to the DAF one year, itemize that...

[artemis]

I switched to a DAF in part to cut down on the number of receipts needed at tax time when itemizing. Once you're earning enough to itemize, a DAF can...

[artemis]

20% in gold would be too high for me, as gold is really a hedge in a portfolio rather than a performing asset. I’d be more comfortable reducing the...

[artemis]

I just moved my Vanguard taxable account off the old mutual fund platform onto the brokerage platform, and the move went without a hitch. But I was worried...

[artemis]

The steak dinners are free in exactly the way timeshare presentations are free. The price you're going to pay for the goodies is enduring a VERY hard...

[artemis]

"Live like an average person" would also get the message across. It's easy for docs (especially newly-minted ones who have a bad case of deferred...

[artemis]

Nice post. As you often say, no one gets a break on the math. And if people like Mike Tyson, Nicholas Cage, and Johnny Depp can end up broke, so can...

[artemis]

That's why Step 1 needs to be actually tracking all spending for at least a month. The OP needs to know exactly where the money is going, and who is...

[artemis]

That's why it's important to develop the habit of putting any pay raise or windfall primarily into savings, while keeping a small amount as "fun...

[artemis]

Some people, like me, don't have a place to plug it in to charge. But my condo is trying to solve that problem, so my next vehicle will probably be electric...

[artemis]

I think that's the answer. Find something you REALLY want to do and do it. Then cross your fingers. If the worst does happen, at least you didn't waste...

[artemis]

This is especially true for malpractice insurance and health insurance. The costs of those don't decline with fewer hours worked, which people who want...

[artemis]

You're very fortunate in your timing, as the markets are down and may be falling further in the future. You may not even end up with any gains to pay...

[artemis]

I think there's a lot of variation across specialties and across practices when it comes to how easy it is to cut back on hours. But of course the option...

[artemis]

I think that depends on how much control they have over their workplace/work environment (unless they are willing to completely change careers)....

[artemis]

No, you've got it right. An index fund is just that: a fund that follows a specific index. Both mutual funds and ETFs can be index funds. But not all...

[artemis]

And it is an even bigger benefit for Joe & Jane Average than for most of us on this board. The bank taking some time to return $500 or $1,000 to...

[artemis]

Can you describe what you find so attractive about psychiatry? That might help us figure out if your expectations for what a career in that field is like...

[artemis]

EVERYONE needs a fallback plan, since there's no guarantee of admission. "If at first you don't succeed, try, try again," isn't bad advice,...

[artemis]

No, they do not. The issue isn't chip-related, it's that someone who manages to compromise your debit card is pulling money DIRECTLY OUT OF YOUR PERSONAL...

[artemis]

Cutting back to just a couple of cards won't affect your credit score too badly (especially if you keep your oldest card). And an easy way to keep reserve...

[artemis]

Xraygoggles is right. Most fields of medicine are primarily about working with people. Understanding science is important, but having strong people skills...

[artemis]

Don’t go debit card only! Debit cards do not have the same level of legal protections as credit cards. And when a debit card is compromised, it is not...

[artemis]

Indexed ETFs are the way to go if you want to do tax loss harvesting on a regular basis, because they trade much faster than mutual funds do (mutual funds...

[artemis]

MaxPower, Pinwheel like a fabulous option!

[artemis]

I second everything Spiritrider has said, and will add that it’s worth trying to see if your current employer can be convinced to switch from Voya to...

[artemis]

No one knows the answer to that question yet, unfortunately. That is why you're not hearing much discussion about it; it's hard to have an informed discussion...

[artemis]

In my not-so-humble opinion, under age 16 is too young (and waiting until age 18 would be better). Smartphones take all the downsides of the internet...

[artemis]

I think that depends on how much hassle you're willing to go through in order to save a few thousand dollars in taxes. Everyone's pain threshold is different....

[artemis]

I suspect what you're seeing there is the test cross-reacting to antigens from another coronavirus. The antigen tests aren't as specific as the PCR ...

[artemis]

And it's not just politics, either. It's the conspiracy theorists, and the alternative medicine/anti-vaccine brigades, and the racists, and the misogynists,...

[artemis]

Bots and trolls are the bane of online discourse. And so far no one has found a completely satisfactory way to control them....