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  • Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018
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    For me …. money equates to security.  I wanted my family to be financially covered for the unexpected happenings in life.  Knowing when to stop is the hard part.

    Live to work vs. work to live…. there is a lot of real estate between the two.

    in reply to: For those over the age of 50 #250588 Reply
    Liked by AZPT
    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    What I have learned is that this mentality has changed for me through the years.  Things that bring meaning to my life have somewhat changed.  How I thought about retirement in my forties is not the same now that I am in my fifties.  When I move away from the accumulation phase in my life, I have a hunch that just as I thoughtfully saved for retirement, I will likely seek value in how I choose to spend it regardless if the sum is plus or minus a million ~it is likely just in the double helix.

    in reply to: How much is enough? #248239 Reply
    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    Think of paying the tuition as the Disneyland/Disneyworld FASTPASS.  People value these passes so that their kids to not have to waste their precious time laboring in the long lines ~ the analogy of paying years of student loans.   I get the skin in the game concept.  However, if a parent is financially independent and the child/student is responsible and has all the other worldly positive attributes, how else could the money be better spent?  Sure you could donate it to a worthy cause, buy a bigger house, a faster car, or pay it forward with the hopes that this money establishes a family legacy that enriches the lives of others now and in the future ~ family and otherwise.

    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    Of all the things my wife and I can do for our children, I can think of few things that will last and have ongoing value than an education.  With that said, it is imperative that you know your child and their interest in attaining a serious education.  I am most willing to pay for a valued education.  I know parents who have allowed their children to take significant student loans, but then the parents pay for an over-the-top wedding.  To each his own.  Loan forgiveness in your situation becomes a very personal decision ~ since you are able & willing to pay.  No judgment here.

    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    Had these funds for several years thru my advisor.  Purchased well before WCI.  Certainly I am not overly concerned about the first quarter of 2019 being off by some 3%, but the fees will never stop.  I admit, I am not fully aware of the of the factor DFA uses.  As the community already knows, it grows old watching AUM fees being deducted from account.  I was just curious about studies vs. anecdotal thought, as I transition to index investing.

    in reply to: DFA under-performs S&P 500 #213681 Reply
    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018
    Late career with big bucks in various buckets: Do whatever you want. Like Vagabond, I have 5 years of expenses in safe, short term instruments, cash, short term munis and treasuries. I have multiple other larger buckets of assets. I am giving up on some return by having a portion of very safe, lower yielding investments, but I am all set for a market meltdown, while also having large sums exposed to market upside.

    Click to expand…

    This is very interesting.  I am close to 60 and one strategy that was proposed to me for early retirement was to live off a large cash reserve for the first few years.  Using this strategy, the advisor said this would limit exposure to a potential down market in the first few years of retirement ~ when it matters most.  Does this sound like sound advice?  Yes… there is a loss of opportunity cost no doubt.

    in reply to: Revisiting the Emergency Fund Debate #212272 Reply
    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    Do you have a cost of living adjustment in your present policy?

    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    Can you afford it?  Many people define this so differently depending on their optics.

    Can Doc Carr afford it…. yes

    Is it a smart move. No

    It is pretty much that simple.

    in reply to: CYAI: High-earning physician wants a new Porsche #210617 Reply
    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    I can add very little as others have given good advice.  However, one thing to consider, just as when terminating an employee, when breaking decisive news, declare your decision as a matter of fact and in NO WAY is it up for negotiation.  Stay strong

    in reply to: Divorce vs Post nup #209352 Reply
    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    I had the same furniture for 3 houses and 2 apts. On this last move I finally tossed it, well the couches. It can be done.

    Click to expand…

    The operative word in your quote may be “I”.   I too thought we would use the same furniture and such, but my wife had different plans.

    As the saying goes, “Happy wife ~ Happy life”… and there we have it.

    in reply to: seeking anecdotal or past experience, commiserate with me #208904 Reply
    Liked by ddswifey
    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    In my experience, when you get the new house none of your existing furniture will work…it is astonishing how that works.  So be prepared for other expenses to include increased property tax and insurance.

    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    If you are pushing 60….Remember…our children saw us work, and work, and work….and they want none of that.

    in reply to: Fatlittlepig vs. Lazy Millennials ? #208097 Reply
    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    It sounds like a version of the PLUS (also from MS) – here is an outdated “Stupid Investment of the Week” explanation, sounds pretty similar (note the “PLUS” above). I don’t get into that stuff, of course, so cannot be more helpful. Imagine anybody reading this who does sell or buy that stuff might be a little shy about admitting it a

    Click to expand…

    After reading the article, the summary is the Catch…. the devil is in the details…

    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    Part of the selling point was the downside protection. With one being very near retirement, this is somewhat of a hedge on the sequence of returns…. or at least that is what the FA said.

    Avatar XX17P 
    Participant
    Status: Dentist
    Posts: 45
    Joined: 09/10/2018

    Given what has already been said…. the only thing I will add…..when dealing with future attorney’s and such…. if you do not clearly understand and agree with their plan, do not move forward.  If they can not explain their rationale in simply terms or unwilling to do so, find someone who will.  Once you create and commit to your future written plan, the execution will not be hard to do.  Best of luck.

    in reply to: Thank you for the advice… #207505 Reply
    Liked by Starchanger
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