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Re: California Taxes - Am I Missing Something?

Didn't read the entire thread but enough to comment. I live in Texas and have for quite some time. Physician salaries are good, real estate reasonable (except in the best areas of large cities). I have been contemplating a move to California. I could stomach the pay cut (I've checked into it and spo...
by DFWinvestor
Tue Apr 08, 2014 10:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 7698

Re: Tesla S

I intended to order mine in January. A lot of big expenses have prevented that. Taxes, CPA fees, home project, vacation have all dwindled the money I was trying to save for a down payment. At this point I am hoping to order by June......
by DFWinvestor
Mon Apr 07, 2014 1:44 pm
 
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 431
Views: 38237

Re: Saving on major renovations

I do want tops brands, I just don't want to pay top dollar In general you get what you pay for. I personally would never try to bargain with a contractor after being given an estimate. Just tactfully make them aware you are getting estimates from several people. If they want your business they will...
by DFWinvestor
Tue Apr 01, 2014 11:20 am
 
Forum: Personal Consumer Issues
Topic: Saving on major renovations
Replies: 33
Views: 2502

Re: (Lack of) Emergency Fund - Are We Crazy?

I've got a money market earning just 0.7%, with enough for us to get by for six months. It's been sitting there for several years and I have been considering putting it all into my taxable account in municipal bonds.

Seems like a reasonable approach to me.
by DFWinvestor
Tue Apr 01, 2014 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: (Lack of) Emergency Fund - Are We Crazy?
Replies: 44
Views: 3443

Re: New Friends are the Anti-Bogleheads, what to do?

I would not broach the subject, but given that they clearly stated, "we're not very good with money" and are planning to see a financial adviser to manage their investments, I wonder if they aren't really looking for help but not sure where to find it. Have any of you ever tried to help i...
by DFWinvestor
Mon Mar 31, 2014 12:38 am
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8315

Re: Frugal Fatigue

We have seen a number of threads on this topic lately, it seems it is not uncommon and I have been experiencing Frugal Fatigue as well. Perhaps we should call it Frugal Fatigue Syndrome :D I have been experiencing the same lately. What I've found is while I am in some ways a spender at heart, I hav...
by DFWinvestor
Sun Mar 30, 2014 10:06 pm
 
Forum: Personal Consumer Issues
Topic: Frugal Fatigue
Replies: 96
Views: 9691

Re: Frugal Fatigue

We have seen a number of threads on this topic lately, it seems it is not uncommon and I have been experiencing Frugal Fatigue as well. Perhaps we should call it Frugal Fatigue Syndrome :D I have been experiencing the same lately. What I've found is while I am in some ways a spender at heart, I have...
by DFWinvestor
Sun Mar 30, 2014 6:21 pm
 
Forum: Personal Consumer Issues
Topic: Frugal Fatigue
Replies: 96
Views: 9691

Re: Options for the medical grad but no residency

Even if she could work as a PA and start work immediately (I don't think this would be possible, PA's have their own licensure which I am sure requires completing a PA program) her job prospects would not be good if she wouldn't commit to working full time. A newly minted PA grad has a tremendous am...
by DFWinvestor
Wed Mar 26, 2014 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Options for the medical grad but no residency
Replies: 95
Views: 7149

Re: Frugality regret: What thing do you regret not spending

Not spending a semester studying abroad while I was in college. +1. Too laser focused on pre-med studies. Fortunately have had lots of opportunities to travel abroad since, but nothing that would be quite like spending 6 months studying in a foreign country as a carefree college student. Same for m...
by DFWinvestor
Sat Mar 22, 2014 9:39 pm
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 96
Views: 11675

Re: Options for the medical grad but no residency

Beckmaster wrote:
Texas hold em71 wrote:I think the problem with urgent care is that 9-5 are not the typical hours. Those places make their money weekends and 5-10.


Also, urgent care facilities are run by nurse practitioners or physician assistants.quote]


Plenty of physicians work in Urgent Care.
by DFWinvestor
Sat Mar 22, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Options for the medical grad but no residency
Replies: 95
Views: 7149

Re: Options for the medical grad but no residency

[/quote] I'd love for to hear of a "benign family FP residency." FP is typically a tough one, as you are almost invariably sent to the inpatient floors for peds, ob, internal med, peds ICU, and adult ICU and you have all the responsibilities but the least experience (even compared to a non...
by DFWinvestor
Thu Mar 20, 2014 11:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Options for the medical grad but no residency
Replies: 95
Views: 7149

Re: Options for the medical grad but no residency

Is there a specific reason why she couldn't find ANY field at all that would suit her? I'm a physician too. Medicine is so broad. Surely there are some benign residency programs out there in fields that are mostly outpatient/clinic based where she wouldn't have to work 80 hours/week in a hospital se...
by DFWinvestor
Thu Mar 20, 2014 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Options for the medical grad but no residency
Replies: 95
Views: 7149

Re: Do you love your job? What do you do?

Medical professional. Love the science and problem solving. Don't like the liability and having to deal with conditions and regulations from the system as a whole. Same here with a few caveats. If everyone I took care of was polite and respectful, this would be the best job on the planet. I don't n...
by DFWinvestor
Wed Mar 19, 2014 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 10075

Re: Opinion - balance between school loans and saving

I don't think there is a wrong answer. I tend to look at how much I have to work to pay the interest. I have one remaining school loan at 1.7%, balance of 59K. I work less than two hours a month to pay the interest and principal, and less than an hour a month to pay the interest alone. I've chosen t...
by DFWinvestor
Tue Mar 18, 2014 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Opinion - balance between school loans and saving
Replies: 14
Views: 708

Re: Your thoughts on vacation home or second home

I always dreamed of owning a lake house here in Texas. Now with the drought, so many lakes are down and a lot of them have a boat dock with dry land underneath it. This has been the case for a few years and there's no end in sight as best I can tell. You couldn't give one of those properties away no...
by DFWinvestor
Tue Mar 18, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your thoughts on vacation home or second home
Replies: 61
Views: 3600

Re: Used $35k Porsche on $64k income?

I drove $3k-$10k cars for 20 years while I amassed a fortune. Now, I drive some used high end Euro cars, and will never look back Today, I really really regret not driving a luxury car when I was younger. Buying a $15k car wouldn't have even put a dent in my net worth, and I'd have gotten a lot mor...
by DFWinvestor
Sat Mar 15, 2014 8:15 am
 
Forum: Personal Consumer Issues
Topic: Used $35k Porsche on $64k income?
Replies: 95
Views: 6390

Re: Opinions on our situation? Very Long Post!

It sounds like you are doing spectacular. Normally I would cringe at the thought of living with in laws but your situation sounds like a good one for all parties. I'd consider paying off the two smallest student loans (in dollar amount). Your student loan situation seems very manageable. I wouldn't ...
by DFWinvestor
Thu Mar 13, 2014 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Opinions on our situation? Very Long Post!
Replies: 21
Views: 2399

Re: Tesla S

I agree that if finance is the only criteria and only thing you want from a car is to go from A to B, you should be limited to a used car which is pretty reliable (2-3 year old with 20-30K miles on it). This will mean some one else has eaten the depreciation for you. Now if you are spending on a ne...
by DFWinvestor
Thu Mar 13, 2014 5:58 pm
 
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 431
Views: 38237

Re: Finance and Investing for New 33% Tax Bracket

Congrats on the success! I'm not sure if this is applicable to S corp but ask your CPA if you are eligible for a SEP IRA. You can also explore the vanguard website which may have the answer to this as well. If you are eligible for a SEP you can contribute up to 20% of your income (after deducting bu...
by DFWinvestor
Sun Mar 09, 2014 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finance and Investing for New 33% Tax Bracket
Replies: 2
Views: 359

Re: How much house to buy?

Seems very affordable given your income level and you have accumulated enough net worth already, you are in great shape. If you were late 20's with the same income and no investments yet/more student loans it would be a different story. Go for it.
by DFWinvestor
Sun Mar 09, 2014 8:01 pm
 
Forum: Personal Consumer Issues
Topic: How much house to buy?
Replies: 21
Views: 2131

Re: Savers remorse ?

The week we bought our first house, a next door neighbor died. We never met her. Her husband introduced himself to get our realtor's contact info so he could list the house immediately. We had him over for dinner once before he left. He told us they'd saved like crazy their whole life. He made a go...
by DFWinvestor
Thu Mar 06, 2014 9:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers remorse ?
Replies: 91
Views: 11165

Re: Savers remorse ?

This is something I struggle with constantly. I am a spender by nature and always have a lengthy list of things I'd like to do. I also have enough self discipline to keep investing and have put a lot of things on hold. My income these days is beyond what I ever imagined I would earn, but I was late ...
by DFWinvestor
Thu Mar 06, 2014 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers remorse ?
Replies: 91
Views: 11165

Re: Does a Car Lease Make Sense in this Situation?

I am normally not a fan of leasing but for her situation it might just be a reasonable option, or the best option----if she can get a short enough term to not be stuck in a lease after the move. I think it would be worth exploring buying a used car in the 10K-15K range and selling it when she is rea...
by DFWinvestor
Thu Mar 06, 2014 8:03 pm
 
Forum: Personal Consumer Issues
Topic: Does a Car Lease Make Sense in this Situation?
Replies: 8
Views: 716

Re: Comparing lease deal to 0.09% financing on car

The real value in purchasing a vehicle is the fact that you can pay it off and drive it for a few years (or many years depending on your tolerance for an older vehicle) with no payments whatsoever. Buying a new car every three years the difference between leasing and buying is probably marginal. The...
by DFWinvestor
Thu Mar 06, 2014 10:51 am
 
Forum: Personal Consumer Issues
Topic: Comparing lease deal to 0.9% financing on car
Replies: 21
Views: 950

Re: UPDATE: [physician, career options, life options]

Giving up on a lot of things at this age is harder to actually do than I imagined it would be. Instead of pursuing committee this, med staff that, system leadership whatever, I'd give up 0.2 FTE formal administrative duties, plus another 0.1-0.2 worth of clinical duties, and pretty much check out o...
by DFWinvestor
Fri Feb 28, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 89
Views: 7925

Re: Rental Property Analysis

Frankly speaking, annual turnover and 3-month vacancies is an extremely conservative expectation. At least, a standard lease is 1 year, and anything less comes with a premium. Unless... shudder... you're thinking of renting to students. In which case, I withdraw my endorsement. You're not a dormito...
by DFWinvestor
Fri Feb 28, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rental Property Analysis
Replies: 17
Views: 1235

Re: Rental Property Analysis

The quality of tenants I got from craigslist was depressingly worse than via a realtor. Totally worth the fee. This was my rationale as well. I see the process of finding tenants as a bit labor intensive and I'd be better off spending those hours at work rather than having to show the property, dea...
by DFWinvestor
Fri Feb 28, 2014 10:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Rental Property Analysis
Replies: 17
Views: 1235

Re: Rental Property Analysis

$9,000-($2,300x3)=$2,100. Hey, you're subtracting cash flow from net income. The $2300 pays $500 back to you in equity, so your net income in that case is $3600. The numbers look good. If you're up for the job, why not. Try to refinance into a better rate while you're there. Also, look into various...
by DFWinvestor
Fri Feb 28, 2014 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Rental Property Analysis
Replies: 17
Views: 1235

Rental Property Analysis

Hello everyone, this is a bit of an offshoot to a previous post where I mentioned the possibility of being a landlord, amongst other things. I wanted to get a little more specific input on our current property as I am considering keeping it as a rental. Beforehand a little backstory: wife and I boug...
by DFWinvestor
Thu Feb 27, 2014 10:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rental Property Analysis
Replies: 17
Views: 1235

Re: physician 2.5 years out of training

I understand the Dave Ramsey method. I don't have a cash flow issue, so I am paying off the highest tax-adjusted rate loan first, which I did calculate (not in original post). It turns out it is the 3.42% student loan which I have decreased by 20k since original post. That's one reason I thought so...
by DFWinvestor
Thu Feb 27, 2014 7:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 5946

Re: physician 2.5 years out of training

I think I've seen this thread before. People tend to pile on the OP a little bit IMO in most of these threads. There is a thin line between offering useful suggestions and shaming someone for their debt burden---in this case most of which was for education. I don't see the condo as a huge burden giv...
by DFWinvestor
Thu Feb 27, 2014 6:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 5946

Re: Should I become sole provider for fiance?

I'm sorry but it's threads like this that make me less likely to frequent this forum in the future. Then why do you read threads like this? That's a fair question and I may not in the future. One reason I read this particular thread was I have in some respects been in a similar situation myself. Bu...
by DFWinvestor
Mon Feb 17, 2014 1:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I become sole provider for fiance?
Replies: 97
Views: 6006

Re: Should I become sole provider for fiance?

I'm sorry but it's threads like this that make me less likely to frequent this forum in the future. Everyone is incredibly cynical and everyone believes they know what is right for someone else's life. Everyone has one anecdote to share from a friend of a friend who was in this situation and it did...
by DFWinvestor
Mon Feb 17, 2014 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I become sole provider for fiance?
Replies: 97
Views: 6006

Re: Should I become sole provider for fiance?

I'm sorry but it's threads like this that make me less likely to frequent this forum in the future. Everyone is incredibly cynical and everyone believes they know what is right for someone else's life. Everyone has one anecdote to share from a friend of a friend who was in this situation and it didn...
by DFWinvestor
Mon Feb 17, 2014 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I become sole provider for fiance?
Replies: 97
Views: 6006

Re: Paying back student loans- Am I being too aggressive???

These threads are always interesting. There are a lot of reasonable approaches. I don't fault you for getting wife a new car particularly given the length of her commute and how old (and potentially unreliable) her old car was. My wife and I collectively have similar income although a few years olde...
by DFWinvestor
Sat Feb 15, 2014 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying back student loans- Am I being too aggressive???
Replies: 33
Views: 2749

Re: Raising kids in a small town vs. big city/suburbs

I grew up in a foreign country, but we went through this as kids. My mom wanted to "escape" the small town to "give us better opportunities in life". We moved and we went to better schools and than college. We left extended family behind - all my aunts, uncles, cousins. I missed...
by DFWinvestor
Tue Feb 11, 2014 4:30 pm
 
Forum: Personal Consumer Issues
Topic: Raising kids in a small town vs. big city/suburbs
Replies: 89
Views: 4830

Re: Student loans

Just curious how do you get a guaranteed rate of 7% in a 403b and where can I sign up?
by DFWinvestor
Tue Jan 28, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student loans
Replies: 13
Views: 1216

Re: hybrid cars

Not to veer off topic but it seems to me that the studies looking at environmental impact of hybrid batteries, mining, etc overlook one thing: Gasoline also has to be drilled for, refined, and transported all over the country. This also requires a significant amount of energy and it's next to imposs...
by DFWinvestor
Sat Jan 25, 2014 3:48 pm
 
Forum: Personal Consumer Issues
Topic: hybrid cars
Replies: 55
Views: 2716

Re: Living vs. saving

This may not be a popular opinion here, but it is not really a badge of honor to stack up as much money as you can while you drive an old beater of a car and clip coupons, brown bag for lunch every day, buy clothes at a thrift store, and never go to a nice dinner out. For those who truly enjoy livi...
by DFWinvestor
Sun Jan 05, 2014 7:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Living vs. saving
Replies: 75
Views: 9215

Re: Living vs. saving

To the OP: I can certainly relate to having a difficult time striking the right balance between saving and rewarding yourself. Having spent the past 6.5 years making 300K or more annually, I have been super aggressive about investing and paying down debt. And I find that reaching financial milestone...
by DFWinvestor
Sun Jan 05, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Living vs. saving
Replies: 75
Views: 9215

Re: Possible new car in the cards

This is a great example of how buying the cheapest wheels available can wind up leading to more costs/headache than it's worth. It sounds like you had some very good reasons for doing so at the time though. I think I'd spring for something new this time, maintain it well, and plan on driving it for ...
by DFWinvestor
Sun Jan 05, 2014 3:34 pm
 
Forum: Personal Consumer Issues
Topic: Possible new car in the cards
Replies: 13
Views: 930

Re: Frugal suit purchase options--need, but don't want

I'm surprised no one has mentioned Jos. A Bank. I bought two of theirs a few years back and have been very pleased.
by DFWinvestor
Sun Dec 29, 2013 6:49 pm
 
Forum: Personal Consumer Issues
Topic: Frugal suit purchase options--need, but don't want
Replies: 52
Views: 4162

Re: Swamped In Debt - Thoughts?

I think the arguments for both sides have been pretty well laid out so I won't belabor that. If it were me I'd pay off both cars tomorrow, free up over $800/month immediately. If you put all of your cash towards the 2nd mortgage you still wouldn't have it paid off. Pay off the cars and approach it f...
by DFWinvestor
Mon Dec 23, 2013 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Swamped In Debt - Thoughts?
Replies: 68
Views: 8213

Re: Considering a "Year Off" from retirement contributions..

What a pompus attitude. I only make 1/5th as much as he does, what kind of car am I supposed to drive? He feels the need to drive a car that reflects his pay rate. :annoyed I'm anything but pompous and I've never been a guy who needed a "status car". But this one in particular I'm pretty ...
by DFWinvestor
Sat Dec 14, 2013 4:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5309

Re: Considering a "Year Off" from retirement contributions..

It seems to me that given your income and age your retirement accounts are pretty thin, and you are almost 40 with student loans still on the books. I think you should consider stretching out your expenditures over a period of years. Once you have a child you will also find a whole new set of expen...
by DFWinvestor
Sat Dec 14, 2013 12:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5309

Re: Considering a "Year Off" from retirement contributions..

Thanks all for the continued thoughtful input. Porcupine---we have paid about 28% most years in taxes, after subtracting out deductions for real estate, pre-tax investments, etc. I have a SEP and I'm a 1099 employee so can contribute up to 51K annually. I don't worry so much about my wife and I not ...
by DFWinvestor
Fri Dec 13, 2013 8:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5309

Re: Considering a "Year Off" from retirement contributions..

To put it another way, no one ever said "I saved too much money for retirement." Plenty of people have regretted buying a car, or buying "too much house too soon." Agree with almost all of your post but this I think is debatable. There are plenty of people in this world who work...
by DFWinvestor
Fri Dec 13, 2013 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5309

Re: Considering a "Year Off" from retirement contributions..

Gives me pause to hear someone on this forum say that maybe they regret paying off their loans so quickly. Given that it was exactly the advice I received for my question, it truly points to how personal that decision really is. Mark I had people warn me against it. I thought they were foolish. The...
by DFWinvestor
Fri Dec 13, 2013 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5309

Re: Considering a "Year Off" from retirement contributions..

It seems to me that given your income and age your retirement accounts are pretty thin, and you are almost 40 with student loans still on the books. I think you should consider stretching out your expenditures over a period of years. Once you have a child you will also find a whole new set of expen...
by DFWinvestor
Fri Dec 13, 2013 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5309

Re: Considering a "Year Off" from retirement contributions..

don't stop retirement investing, when it may be hard to start it up again. That is one of my worries, although I think I could pull it off. Our "settle down home" would likely only cost an extra $2,000 a month and half of that would be off set by the rental property income. My wife is not...
by DFWinvestor
Fri Dec 13, 2013 6:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5309
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