good coastFI calculator

[billy]

Good thread.

Anne with the running analogy thats me now. I used to be real fast, then stopped running for a few years while dealing with...

[billy]

just make sure you arent missing any match- that may change the math. But otherwise, yeah go taxable

[billy]

I'm loving the stock market sales, because I'm an index investor. I'm also throwing whatever money I can into the market right now. If I were an individual...

[billy]

If you believe in bitcoin regaining value, I'd assume you'd be throwing money into it right now....

[billy]

Can we admit that 2020-2021 bitcoin massive gains were a bubble/speculative bet now? That is not to say it has no value, just that the price increase...

[billy]

true but depends on the size of the dividends. I recently did this with VLCAX but their dividends was only 298; the tlh was over 2k, so I think I came...

[billy]

same...

[billy]

get used to looking up vxus (the etf tracking the similar index) at around 3 pm, and 330 pm to see how the market is doing- if it shows a significant...

[billy]

vanguards new app didnt allow me to buy today using my bank account- it only allowed money already in the settlement account. Big fail. I used the website,...

[billy]

not a toy but - a super nice tropical trip complete with helicopter transfer to hotel area from the further away international airport instead of suffering...

[billy]

Yes poor choice of words on my part, and if I can change it all I would obviously rather my wife survived and was healthy even if it meant us being poor....

[billy]

Cant you also go VTSAX-->VTI (shouldnt incur capital gains at vanguard I think), then transfer the etfs in kind to an outside brokerage?

[billy]

I plan on taking my widower benefit (if i never remarry) when I turn 60, but delay my own benefit until I turn 70. I believe this is still allowed and...

[billy]

I'd prefer a mask on plane (athough i get it- hepa filters and all) over a "test at resort, then stay there another day before you fly back"...

[billy]

I dont care if people place a small percent of their assets in crypto.
I do care when people tell me I MUST place some of my assets in it otherwise...

[billy]

I just used market forces to secure a raise.

For those who get yearly COLA adjustments, does the boss take that into consideration when setting...

[billy]

this year im actually using an excel spreadsheet because I will be donating all my wifes stuff. Other years never bothered, jsut a random "100"...

[billy]

Chase and a few other credit cards transfer 1:1 with united. So for any long flight (over 4 hours), I check to see if points are worth it, or if the price...

[billy]

Things like this is why we become financially responsible- to be able to spend money on conveniences once you can afford to. Granted I have no kids,...

[billy]

what specialty? makes a big difference between surgery/ medicine vs anesthesia/rads/ ER (I guess Er would be the night shifts?). Im in anesthesia, take...

[billy]

Glad mom and baby are doing fine- congrats!

Multiple arguments here about EF vs no EF and keep money invested. Your story, and mine 4 -6...

[billy]

Give her a copy of "A simple path to wealth" by JL Collins. Its what I now do to anyone who asks me for help. After they read it, they either...

[billy]

Depending on how much you can put into your tax deferred accounts , eventually you may need to put international in taxable also. Its a 1% ers problem,...

[billy]

A few thoughts based on the responses both here and in private

1- Thank you all for your responses. I wish I realized last year that I actually...

[billy]

This is the main difference between this and FIRE. Working one day a week as an anesthesiologist I'll make enough to cover my expenses, so I dont need...

[billy]

I've been interested in coastFI ever since my wife got sick, and while she's not here to celebrate it looks like I hit my number already as long as I'm...

[billy]

IAnd applied to cryptocurrency assets- https://www.deseret.com/2022/2/25/22...-of-wrongthink "This measure applied not only to regular banking accounts,...

[billy]

in the US, you wouldn't need to carry your whole net worth in cash (or bitcoin) unless you did something illegal. Enough cash for a month to clear your...

[billy]

Im talking re: US citizens. Yes you can have accounts frozen for illegal things, but for a protest? seems extreme. Anyway, in that scenario, cash is...

[billy]

Do you think people in the US will need to carry their entire net worth in cash if they dont have access to bitcoin? No, we use credit cards and our...

[billy]

Or you can just pay with a credit card that doesn't charge foreign transaction fees... I fail to see how bitcoin would be a better choice for me to buy...

[billy]

#2, but after you close and make sure you're moving, even if it cost you an extra months rent. The worst thing you can do to a landlord is make them...

[billy]

Doesnt the trust have its own tax payer ID (TIN)? If so, I cant see how investments for the trust are considered yours for wash sale purposes.
...

[billy]

my trigger is 3k in an asset class, although as I start to gain more carry over loses (I'm only at 15k right now) the limit to pull the trigger incre...

[billy]

When I first started reading about FI, this blog and POFs really helped teach me the basics. Its nice that they are still around so if I need to brush...

[billy]

I was a tenured teacher before applying to med school. Figured out my break even point financially would be at 52 (due to the pension) if I had an average...

[billy]

I stopped bogleheads a few years ago... dont miss it at all...

[billy]

It also doesn't have to be all or none (FOMO/spend all vs MMM/frugal save all). My wife was diagnosed with cancer a year after I became an attending....

[billy]

Already happening.

I actually had my old stick shift broken into and attempted to be stolen (attempted hot wire). Yet there it was a few...

[billy]

There will always be people who outspend their income.
I went sort of part time (4 days/week no call, still 40 hrs though) due to my wife's health....

[billy]

PhysicianOnFIRE had some downloadable spreadsheets on his website. I tried some, then just went basic with my own excel sheets and if i miss a little...

[billy]

coast FI> lean FI imho. I'd rather per diem a few times a month to cover a decent living expenses than go full on MMM and live on only 30k per year...

[billy]

OP if you are still reading, swallow your pride and utilize MPMD if needed to get the ball rolling. There is no shame in asking for help. In medicine,...

[billy]

how much are studio apts?

Agree with a lot of the above posters- not having xbox live will be less depressing than living in your car....

[billy]

Sorry for your loss as well....

[billy]

thank you. double whammy/biggest fear/etc but life (and death) happens....

[billy]

Re: political side- hate the polarization. Sadly anchorman the movie was correct- once the news became about ratings (Im sure it always was though)...

[billy]

I think there's a vast gap between those of us posting on these forums, and the general physician community. So I'd be interested to hear more about the...

[billy]

2.5 million, hasnt changed. But I also plan on doing 1-2 shifts per week or month from 55-??? or until the BS hits the fan....

[billy]

1-2 books per vacation, almost zero in non vacation times.
Used to do 1 financial, 1 fun book, but the financial ones have had diminishing returns...

[billy]

My wife was similar (no response) so when she caught covid I had the ability to get her monoclonal antibodies at my hospital. Granted pre omicron, but...

[billy]

many physicians also have their identity tied to their job- the whole medicine is a calling, or feeling disrespected if a policer officer calls you ms...

[billy]

I decided to call again today- 5 minutes to connect with a representative, looked into it, told me that the final cost basis should be updated in a few...

[billy]

Thank you all on this thread and others who reached out as I let it be known that my wife died. She suffered with cancer way too long and way too young....

[billy]

Right after I praised their customer service in a separate thread. Today I checked my account to complete my BDR (so separate reason for going online),...

[billy]

I'm very pro vaccine, but I question the utility of a 4th vaccine booster of the same shot... If it's to protect from variants, shouldn't we be "boosting"...

[billy]

I'm low 40s but i think you're older than me in attending work years....

[billy]

Some of us had careers prior to medicine. perhaps a "how many years out of residency are you" is more appropriate if we use this to compare...

[billy]

If its an anesthesia job, that's quite good. Must be in the middle of nowhere....

[billy]

I for one would welcome a lost decade while I'm still working. SALE! But am also a little more conservative based on some responses to previous threads...

[billy]

Fully agree, I took the same path with no regrets. And ironically enough I am now making more working less than I wouldve at original job, which has...

[billy]

You also have a young daughter and are in position to choose more time with her over more money (the lifestyle tilt if you see it that way). I was initially...

[billy]

job1, unless there is something else about the job you arent telling us. Why go for more money when you dont need it, at the expense of more hours, more...

[billy]

THIS. And when you have it and need it, it really does help. I will now start holding less in mine because I dont need one as big, but just to put...

[billy]

This forum consists of some of the top financially savvy physicians. Survey all physicians in the US, and perhaps some mcmansions may have appreciated...

[billy]

While I despise 20 page contracts, before you sign an employment contract you should be upfront (on both ends) on expectations, and if you want something...

[billy]

over the past year it seems I went from 15x-->20x, despite not working since Nov. The hardest parts were getting back to zero net worth (2 years out...

[billy]

I hate how our overlords have figured out gaming the system, yet we get blamed. I just give the office number to any patient who asks about billing now,...

[billy]

90/10 from 60/40 seems like a drastic change- will this person want 90/10 in retirement? or 5 years from it? Maybe better to figure out that allocation...

[billy]

it gets much better now. Congrats on zero!

[billy]

StarTrekDoc it was the vogmask without the valves that they still asked her to switch out of. Insane blanket "use our mask" policy at one...

[billy]

it probably help THEIR planning/taxes to do it this year rather than wait a week....

[billy]

This is what I had my wife do when out indoors in very crowded places (well kn94/95s, or the vogmask). With delta, just surgical mask since some medical...

[billy]

not a bitcoin enthusiast, but i believe are starting to recycle arguments/points for and against (scammers, speed of transaction, etc) discussed earlier...

[billy]

As the whole basis for your argument is that you as the higher earner not getting married due to financial considerations, yes you as the higher earner...

[billy]

Due to recent life events, I've had to call multiple financial institutions the past 2 weeks. All of them had hold times over 45 minutes. vanguard, fidelity,...

[billy]

Financially speaking?- tax rates. SS benefits. Hey this is a financial forum. Emotional benefits? infinite but "tied to feelings"
...

[billy]

THIS. march 2020 recovered too quickly for some of those who use it as their basis for experiencing "risk"....

[billy]

unless "primary" is deceased- then you can at 60 or earlier if disabled children are involved...

[billy]

Merry christmas. I will say this forum helped distract me the last few years while dealing with a tough home situation. And well today too. Wish everyone...

[billy]

I think you are correct with the 2 for 1, or maybe even 3 for 1 but Im a long ways away from collecting. Also plan on not working at 60 unless for social...

[billy]

i consider whatever pension or annuities etc as bond equivalents, so collectively my "fixed income" part of the equities/fixed income ratio...

[billy]

If a spouse dies before ever drawing SS, can't the surviving spouse claim survivor benefits at 60 and then claim their own (presumably higher) benefits...

[billy]

20% gross (going by rule of thumb here for doctors, I've saved up to 40% gross some years). For simplicity sake lets say you make 200,000 that's 40k /year....

[billy]

#1- make sure your financial goals align. 20% saved pretax is mandatory, but also- do you both like material things, or experiences (travel), or would...

[billy]

Thank you. I do not think my plan will allow for inherited 401k/403b to roll into my 401k but I asked and am awaiting a response. I do know they will...

[billy]

Thank you all

I already transferred the electric, that was no issue.

Vanguard rep was helpful for the roth--> roth and changing...

[billy]

maybe I had this in the back of my mind (#2) https://www.kiplinger.com/slideshow/...need-to-ask/in...

[billy]

Thanks Tim,

I do not want an IRA (well as long as the backdoor is still allowed). I have to see if my 401k allows rolling IRAs into it;...

[billy]

I am unfortunately dealing with having to go through my wife's accounts now that she passed. For her old 401k/403b, is it best if I direct her old companies'...

[billy]

not a wash sale. POF has a good wash sale primer on his site, as do others in the finance blogsphere

[billy]

Ditto . Anne summarized and stated it as best as one can....

[billy]

sorry for your loss...

[billy]

I wouldve been content to stay a teacher if I wasnt accepted to med school. I was tenured and running on autopilot for lesson plans (the first few years...

[billy]

Same at my old job dangling a false "partnership" in my face but didn't think I would leave bc my wife has cancer... I now make more only working...

[billy]

Lump sum today usually wins over DCA, but it doesnt have to be all or none. Lump some half, DCA the other half over a few months if you want....

[billy]

that's actually why I applied to med school at 26/27. Wouldve had a decent life without it, but with a lot of what ifs...

[billy]

I would call schwab itself and see if you can transfer in kind to a self directed regular old taxable account held at schwab. If you can, just do that...

[billy]

Getting rid of the management fee is easy, and the way to cut a guaranteed cost. Do that first. Can you transfer the funds IN KIND to vanguard, fidelity,...

[billy]

After attempting gifting/ lending a lot of books, I find this the simplest and best for beginners. Ive tried WCI, Bersteins, Bogleheads guide to, Andrew...