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by Anon1234
Sat Apr 11, 2015 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: RVU model new hire problem
Replies: 14
Views: 968

Re: RVU model new hire problem

What a terrible story. I wonder if getting better advice on the initial contract would have helped prevent this. As it turns out, the phrase "and billable by" was added by them during contract negotiations. Originally it said "performed by Physician" period. I had a very expensi...
by Anon1234
Sat Apr 11, 2015 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: RVU model new hire problem
Replies: 14
Views: 968

Re: RVU model compensation problem

It is not your problem that they couldn't get their act together. It was their fault for scheduling you with patients who you couldn't bill. I am a medical director and would never allow this to happen. You are owed $40,000 and I would make it clear you expect to be paid without further ado. And ye...
by Anon1234
Sat Apr 11, 2015 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: RVU model new hire problem
Replies: 14
Views: 968

RVU model new hire problem

Hi Bogleheads - I want to get your input on my situation regarding physician compensation. I underlined the parts I think are most important. Last year I changed jobs and the new job is based has an RVU compensation model. Getting paid this way allowed me to work less than others in my group, and th...
by Anon1234
Sun Mar 08, 2015 1:55 am
Forum: Personal Finance (Not Investing)
Topic: How to Hold CPA Accountable for Negligence
Replies: 36
Views: 3398

Re: How to Hold CPA Accountable for Negligence

How much cost/fees/interest/penalties are we talking about? I think you should mitigate the damages much as possible and as soon as possible. It's easier to avoid damages than to recoup them. If that means switching accountants, then do that asap. Maybe have a consultation with another accountant to...
by Anon1234
Sun Mar 08, 2015 1:34 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Doctors: 2015 checkup, please
Replies: 2
Views: 711

Re: Portfolio Doctors: 2015 checkup, please

First, I wanted to compliment you. If you have only been saving since 2011 you are definitely firing on all cylinders now. Good work. 1) After tax contributions are OK, as long as the pay raise and loss of the deduction don't push you into the 25% tax bracket. I doubt you'll be in the 25% bracket in...
by Anon1234
Sun Mar 08, 2015 1:17 am
Forum: Personal Consumer Issues
Topic: Home buying costs?
Replies: 2
Views: 458

Re: Home buying costs?

Talk to a mortgage broker/banker (ask for a Truth In Lending statement). Talk to your agent about inspections and costs. There may be some overlap in the advice they give you.
by Anon1234
Sun Mar 08, 2015 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Source of funds to pay taxes for a minor
Replies: 6
Views: 415

Re: Source of funds to pay taxes for a minor

I cannot imagine them tracking down that $10. If you want to account for it, it is definitely a 2015 gift, not 2014.
by Anon1234
Sun Mar 08, 2015 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance + life coverage
Replies: 2
Views: 319

Re: Disability insurance + life coverage

Dear BHers: rough rules of thumb here? I'll tell you how I chose my insurance. I won't enshrine my method as a rule of thumb though. - disability insurance: i.e. what % of base (or total) compensation, at what point it kicks in (i.e. after 60-90 days or when company sponsored STD phases out), and f...
by Anon1234
Sat Mar 07, 2015 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a wills/trust/estate planning forum you'd recommend
Replies: 4
Views: 678

Re: Is there a wills/trust/estate planning forum you'd recom

Ybsybs wrote:Posting to track this thread in case there's an answer.
Ybsybs,
After 4 years on this forum, last week I found the "Subcribe Topic" link which is at the bottom of every thread, just below the "WHO IS ONLINE." I thought I'd pass it on.
by Anon1234
Sat Mar 07, 2015 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to get started on a Trust/Will?
Replies: 27
Views: 2422

Re: How to get started on a Trust/Will?

we are completely new to estate planning and all the pieces of the puzzle we need to think of. Any advice is greatly appreciated. Oneleaf, you sound more than "completely new," you have definitely graduated to the "know enough to be dangerous" level :wink: In my own planning, th...
by Anon1234
Sat Mar 07, 2015 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Short-Term HSA investment for expected medical expense
Replies: 2
Views: 281

Re: Short-Term HSA investment for expected medical expense

Hi Brett, Welcome to Bogleheads. I think your situation is cut-n-dry. Savings for short term expenses call for short term investments. Option 1 is the only prudent choice. In your situation the benefit of the HSA is the deduction from federal taxable income, not the investment returns. Good luck, Anon
by Anon1234
Fri Mar 06, 2015 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio help - Windfall 1.5M to 5M
Replies: 19
Views: 4049

Re: Portfolio help - Windfall 1.5M to 5M

The big question I am still wrestling with is to continue to slice and dice or keep my existing holdings, but for the windfall money, settle into a simpler 3 fund portfolio. Mammonman, I was reading another thread, and I saw a quote from one of my favorite posters, Simplegift. I thought I'd copy it...
by Anon1234
Fri Mar 06, 2015 12:43 am
Forum: Personal Consumer Issues
Topic: Mac reliability?
Replies: 89
Views: 5034

Re: Mac reliability?

Mac software is more reliable. Spinning Pinwheel of Death happens far less frequently than Blue Screen of Death, in my experience. I use Mac at home (since 2009) and Windows at home and work (since about 1990). I even skipped the "bad" Windows ME, Vista, and 8.
by Anon1234
Fri Mar 06, 2015 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Loaning a Friend Money for Downpayment
Replies: 20
Views: 1497

Re: Loaning a Friend Money for Downpayment

See White Coat Investor's "Stupid Doctor Tricks" items 4) 10) and 11) plus his comments below number 12). http://whitecoatinvestor.com/stupid-doctor-tricks-part-4-money-mistakes-and-the-doctors-who-make-them/ For your friend: Reason #1 why residents shouldn't buy a house: You don't have a ...
by Anon1234
Wed Mar 04, 2015 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 20221

Re: Wife tired of saving...

Our money is together....we just dump it together regardless who earns it. Because a car is a big purchase, it requires discussion and approval of each other. Its an understanding and respect we have built over 16 years together. You have the right attitude. Have you and wife talked through the &qu...
by Anon1234
Tue Mar 03, 2015 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: 66 year old needs assistance
Replies: 10
Views: 1571

Re: 66 year old needs assistance

I wonder if the posting by Anon1234 suggests a sticky on how to post advice as a follow on to the sticky on how to post a request for advice :happy Thanks for the compliment. Any idea why OP deleted the OP? I normally don't put in this much effort, but he has clearly paid his fair share of commissi...
by Anon1234
Tue Mar 03, 2015 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for 401k investment suggestions
Replies: 11
Views: 1184

Re: Looking for 401k investment suggestions

Thanks again for the reply. A couple of questions: 1) You mention a 60/40 stock/bond split. That seems extremely conservative considering that Vanguard's own target retirement funds are closer to 90/10 (2040) or 85/15 (2035). What am I missing? You're right, the 60/40 was just an example. 90/10 or ...
by Anon1234
Tue Mar 03, 2015 3:43 am
Forum: Investing - Help with Personal Investments
Topic: 66 year old needs assistance
Replies: 10
Views: 1571

Re: 66 year old needs assistance

Post 3 : Guidance The first recommendation I have for you is a no-brainer that will reduce your future taxes and increase your after tax earnings. 1A) If you had at least $13,000 in earned, taxable income in 2014 (I think you had over $60,000), you should open 2 Roth IRAs at Vanguard, one each for y...
by Anon1234
Tue Mar 03, 2015 2:38 am
Forum: Investing - Help with Personal Investments
Topic: 66 year old needs assistance
Replies: 10
Views: 1571

Re: 66 year old needs assistance

Post 2 : Analysis I Summarized your portfolio like this: http://i59.tinypic.com/2pyat0j.png I summarized by Annuity status like this http://i58.tinypic.com/34splp2.png I summarized tax status like this http://i60.tinypic.com/wtcetv.png I broke down each account using the morningstar instant x-ray to...
by Anon1234
Tue Mar 03, 2015 2:12 am
Forum: Investing - Help with Personal Investments
Topic: 66 year old needs assistance
Replies: 10
Views: 1571

Re: 66 year old needs assistance

Hi MerryMonk - I'm going to post in 3 parts. This first post is questions. The 2nd one will be analysis, and the 3rd one will be guidance. Questions for you 1) Income. You listed your current income: Net $4000. You also listed "Her Retirement" with "$3800 per month" and " So...
by Anon1234
Mon Mar 02, 2015 11:02 pm
Forum: Personal Consumer Issues
Topic: HR Block Backup (on Mac)
Replies: 2
Views: 258

Re: HR Block Backup (on Mac)

Thanks Jim. The reason I used the HR Block tool is because it creates a .dmg of the software, including the federal and state update packages. I have the .T14 file and the .pdf files backed up, and I can make a disc image of those. But, I don't know how to make a disk image of the HRB software, incl...
by Anon1234
Mon Mar 02, 2015 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for 401k investment suggestions
Replies: 11
Views: 1184

Re: Looking for 401k investment suggestions

I currently don't think too much about "retiring" in the old sense of the word. I'm an entrepeneur at heart, and also think that I'd be bored if I fully "retired." If I can't switch over to a business of my own prior to the typical retirement age, I expect that I'll start doing ...
by Anon1234
Mon Mar 02, 2015 4:48 pm
Forum: Personal Consumer Issues
Topic: HR Block Backup (on Mac)
Replies: 2
Views: 258

HR Block Backup (on Mac)

I filed my taxes using 2014 HR Block Deluxe with State downloaded software from Amazon. I received my refund. Now I want to Backup my file using the HR Block Disk Image backup. The software runs through the process, no errors created, but also no .dmg created. Anyone else having trouble, or get it t...
by Anon1234
Sat Feb 28, 2015 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Funding a big home remodel
Replies: 7
Views: 677

Re: Funding a big home remodel

I haven't spoken to a lender yet but several list 90% LTV. If your house is $200k and you have $50k cash, why not a $150k home equity loan, or a cash out $150k mortgage? You don't need 90% LTV, just 75% (150/200). I think a local bank would understand what you are doing and help you find the right ...
by Anon1234
Fri Feb 27, 2015 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

It is a dilemma in the close in MD/VA suburbs. If you want some encouragement, many of your neighbors in the 1.5-2MM houses are in worse shape than you. You expect to make 500k per year and are, outside of savings and housing, spending 60k per year? That's great-you're neighbors are spending more. ...
by Anon1234
Fri Feb 27, 2015 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

If the $30k /month income is secure, I say go for it. 28% of that would be $8,400 / month that you could spend on mortgage or PITI. Sure 28% is a lot for Boglehead standards, probably not a lot for national HCOL standards. Another possibility would be to spend $1.3M and get a great location with th...
by Anon1234
Fri Feb 27, 2015 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 4707

Re: I survived my initial performance improvement mtg. Now w

To sum it up, my action plan is that I need to spend more time with employees in the field. Like a lot more time. During this time, I need to get each employees buy-in and their 100% to-the-edge-of-the-earth and back commitment to the company. I need to do this by being a super-awesome employee-foc...
by Anon1234
Fri Feb 27, 2015 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

I'm still trying to figure out how someone can spend $5000 on food, gas and utilities every month... :confused It's not hard. last month: $1100 shopping and short term (vacation) savings. $1000 kid afterschool activities, piano lessons. $900 groceries, $840 for water+gas+eletric+phone+internet+tras...
by Anon1234
Fri Feb 27, 2015 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

Based on your feedback, I reduced my maximum home price to 1.575M. I created this new Home Buying Policy Statement.
Image

Refer to the UPDATED original post to see how I calculated this.
by Anon1234
Fri Feb 27, 2015 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

I can't view the income and asset charts you posted, but from the discussion it sounds like you can afford this purchase - particularly if we assume you'll downsize in 10-15 years and replenish your portfolio with the home equity. Obviously you *could* get by with much less, but that isn't your que...
by Anon1234
Fri Feb 27, 2015 1:50 am
Forum: Investing - Help with Personal Investments
Topic: College funding
Replies: 11
Views: 925

Re: College funding

Welcome to the forum. 529 accounts are pretty popular. They are a tax free account for Education savings. I use one. But, if you don't use the money for college (or trade school, etc), then you pay regular income tax plus a 10% penalty on the earnings at the time you withdrawal the money. These are ...
by Anon1234
Fri Feb 27, 2015 1:23 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

OP-Seems like you've already made up your mind. I definitely put thought into the number before I wrote this post. I still want the gut check to see if the wisdom here exposes anything I overlooked. I find it helpful to have this community put a critical eye on my plans. I can't really talk about t...
by Anon1234
Fri Feb 27, 2015 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

So I'm thinking your plan really counts on the "likely" or "possible" scenarios. Only you can say how likely or possible those scenarios are. If you really bring home $50k per month, and feel confident you will for the duration, sure - you can afford a 7 figure mortgage. General...
by Anon1234
Fri Feb 27, 2015 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

Gotta love this forum! I'm sorry but with your net worth you can pretty much move to any location on the planet and retire right now. Make breakfast and walk your kids to school, learn to surf, write that novel you always thought about, ect. You must really love your job! :) Walking kids to school ...
by Anon1234
Fri Feb 27, 2015 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

I use traditional, conservative rules for determining housing affordability. It often doesn't work in expensive areas of the country. 1) Can you make a 20% down payment without raiding your retirement/kid's college accounts? 2) Will the mortgage payment be under 28 - 32% of your gross income? 3) Wi...
by Anon1234
Thu Feb 26, 2015 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

Hmm.... apparently my dream house is now a Chevy Van down by the river .. :oops: In this school district in this city, if you can park by the river you have a $1M lot. Local economy is good and everyone with kids wants to be in the best school district. What zip code is this in? I hesitate to say. ...
by Anon1234
Thu Feb 26, 2015 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

1. Very confusing presentation. Please clean it up. Points of confusion: - "dream house" vs "old plan". If you are going to do this comparison, may as well just call it $800K house and $1700K house. Make the lower priced house more specific rather a very large range, - presentat...
by Anon1234
Thu Feb 26, 2015 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

Gary Guss wrote:Hmm.... apparently my dream house is now a Chevy Van down by the river .. :oops:

In this school district in this city, if you can park by the river you have a $1M lot. Local economy is good and everyone with kids wants to be in the best school district.
by Anon1234
Thu Feb 26, 2015 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

I understand the sentiment. I feel like I need to draw a line in the sand somewhere and then stick to it (like a home buying IPS). Where would you draw the line for me 1.5, 1.3, 1.0? Well $30,000/mo income gross is really awesome! :beer So 32% of your monthly gross gives us $9600/mo for the mortgag...
by Anon1234
Thu Feb 26, 2015 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

Let me explain. My IPS is my plan for retiring at age 55. It says I should have $1.15M in retirement savings on Dec 31, 2014. I actually had $1.39M. I had 240k more than plan. Do you consider it "raiding my retirement" to use that extra 240k for a house? The 240k extra is a result of over...
by Anon1234
Thu Feb 26, 2015 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

I was in a very similar situation when we bought our house. We were lucky that prices had softened when we bought. Rather than buy the most house we could afford, we bought an adequate house in the best school district and had provisioned a 2 year cash emergency fund set aside in case of job loss o...
by Anon1234
Thu Feb 26, 2015 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

I would suggest to ask yourself this question: what if I lose my job or something happens to me tomorrow, will my family be alright financially? If I die, there is life insurance. If I get disabled, there is disability insurance (may need to add some) If I lose my job the day after I sign the mortg...
by Anon1234
Thu Feb 26, 2015 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Re: Can I afford my dream house?

if you are having to take almost $400K out of your retirement accounts then I don't see how you can afford it. If you need to pull $350K out of retirement accounts to get a down payment the answer might be no 1) Can you make a 20% down payment without raiding your retirement/kid's college accounts?...
by Anon1234
Thu Feb 26, 2015 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4484

Can I afford my dream house?

Bogleheads, I'd like your input. We have been renters for a long time. Our family of four recently changed jobs and moved, in order to build a more family focused lifestyle. Now we want to buy a house in the best public school district and stay here at least through high school. Our youngest is 7, s...
by Anon1234
Thu Feb 26, 2015 4:33 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 220
Views: 21475

Re: What are Costco's best deals?

It's a good point. After the recent news about supplements not containing the ingredients they claim to contain I am planning to move all my purchases of supplements to Costco. Victoria Why? If the old stuff was working who cares what it actually is. EDIT: Maybe the placebo effect is diminished onc...
by Anon1234
Thu Feb 26, 2015 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Called and Asked for Personal Information
Replies: 16
Views: 1776

Re: IRS Called and Asked for Personal Information

Wait for something in writing. If you want to beat your head against a wall you can call the IRS at a number listed at IRS.gov. I wouldn't do that. Here's a recent IRS scam warning from clark howard. Sounds like you shut them down before they rolled out their whole scam. He says they try to get mone...
by Anon1234
Thu Feb 26, 2015 2:05 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 220
Views: 21475

Re: What are Costco's best deals?

I think Costco is skewed toward the higher cost / higher quality items. It's a good point. After the recent news about supplements not containing the ingredients they claim to contain I am planning to move all my purchases of supplements to Costco. Victoria Why? If the old stuff was working who car...
by Anon1234
Thu Feb 26, 2015 1:52 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 220
Views: 21475

Re: What are Costco's best deals?

I think Costco is skewed toward the higher cost / higher quality items. It's a good point. After the recent news about supplements not containing the ingredients they claim to contain I am planning to move all my purchases of supplements to Costco. Victoria Why? If the old stuff was working who car...
by Anon1234
Thu Feb 26, 2015 1:42 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 220
Views: 21475

Re: What are Costco's best deals?

Anything that you don't mind buying a ton of. And the winner is Easy Rhino. :D On a per unit basis, Costco has the best deal on everything. The only things that I choose not to buy at Costco are things that I don't want in bulk OR I don't like the supplier they use. For the longest time, most lapto...
by Anon1234
Thu Feb 26, 2015 1:29 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 220
Views: 21475

Re: What are Costco's best deals?

I will prefer to purchase a HDTV from Costco due to their consumer friendly return policy. I've even returned lobster tail before! Their return policy is amazing ... Costco's return policy is amazing. It has no time limit. You can even return your membership AFTER using it. But, it's like Vanguard ...

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