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Re: The Financial Implications of Moving in Together

EmergDoc: And anyone in my family would say "Why get married when you can live together?" For some people, rings and a wedding ceremony indicate a level of commitment, but not everyone needs that. My mom actually said to me "As far as I'm concerned [sibling] and [sibling's SO] are ma...
by EmergDoc
Fri Mar 27, 2015 4:59 pm
 
Forum: Personal Consumer Issues
Topic: The Financial Implications of Moving in Together
Replies: 41
Views: 1159

Re: The Financial Implications of Moving in Together

We did this a while back. We called it getting married and combined all our finances. Now, I realize a lot of people think marriage is fuddy-duddy, and I'm trying not to be judgmental. But here's what I would do. I would first decide what you are. I don't think marriage is Fuddy-Duddy... I don't ev...
by EmergDoc
Fri Mar 27, 2015 4:23 pm
 
Forum: Personal Consumer Issues
Topic: The Financial Implications of Moving in Together
Replies: 41
Views: 1159

Re: Your opinions on my portfolio

10 is a lot of asset classes, especially when you're looking at only putting in 3-4% of your portfolio into them. Your AA is fine but I think that if you regret anything, it will be that you did not keep it simpler. Not a big fan of high-yield bonds. If you want to chase yield, go big, like P2P loan...
by EmergDoc
Fri Mar 27, 2015 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Your opinions on my portfolio
Replies: 7
Views: 860

Re: The Financial Implications of Moving in Together

Whenever you decide "we're married" then combine them. Until then, you're just roommates and should each cover your own expenses/share of the expenses. There are lots of legally married couples who keep separate finances anyway. Sure, and there are lots of people who invest in high-ER, ac...
by EmergDoc
Fri Mar 27, 2015 1:16 pm
 
Forum: Personal Consumer Issues
Topic: The Financial Implications of Moving in Together
Replies: 41
Views: 1159

Re: The Financial Implications of Moving in Together

We did this a while back. We called it getting married and combined all our finances. Now, I realize a lot of people think marriage is fuddy-duddy, and I'm trying not to be judgmental. But here's what I would do. I would first decide what you are. If you are "married" then combine everythi...
by EmergDoc
Fri Mar 27, 2015 12:52 pm
 
Forum: Personal Consumer Issues
Topic: The Financial Implications of Moving in Together
Replies: 41
Views: 1159

Re: Graduating Medical Student- Rent vs. Buy in Residency

It's also hard on the spouse to see all the other residents' spouses in nicer homes. You can rent very nice homes. Too many people have this idea of a crappy apartment when they think "rental" and this idea of an awesome brand new mansion when they think "own." I had neighbors 3...
by EmergDoc
Fri Mar 27, 2015 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Graduating Medical Student- Rent vs. Buy in Residency
Replies: 34
Views: 1566

Re: TSP G Fund Possible Changes

I try not to lose too much sleep over proposals until they become law. The TSP still has the benefit of rock bottom expense ratios for its main funds, so I'll probably keep using it even without a useless G fund, but this change would require a significant change to my AA (currently 10% G.) Probably...
by EmergDoc
Fri Mar 27, 2015 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: TSP G Fund Possible Changes
Replies: 15
Views: 709

Re: Graduating Medical Student- Rent vs. Buy in Residency

It's actually impossible to talk graduating medical students out of buying a house. I know. I've tried. They're all convinced they're special; their circumstances are unique; it will work out for them etc. Sometimes it does. Most of the time it doesn't. Certainly it's more likely to work out well fo...
by EmergDoc
Thu Mar 26, 2015 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Graduating Medical Student- Rent vs. Buy in Residency
Replies: 34
Views: 1566

Re: Should a BH investor never use futures/options?

I agree, no free lunch there.
by EmergDoc
Wed Mar 25, 2015 11:29 am
 
Forum: Investing - Theory, News & General
Topic: Should a BH investor never use futures/options?
Replies: 41
Views: 2164

Re: 27 Year Old Medical School Graduate With Financial Quest

Don't count on stable rental income from the visiting med studs. You'll probably have lots in July-September and nobody in December and January. Far better to rent a room to a single resident or local med stud.

I have a hard time recommending buying a house to a resident. It's usually the wrong move.
by EmergDoc
Wed Mar 25, 2015 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: 27 Year Old Medical School Graduate With Financial Questions
Replies: 12
Views: 1994

Re: Restaurant tipping

I'm pretty tolerant of bad service. But if I'm pushed over the line, I don't leave a tip at all. Otherwise, 20%. I've worked for tips.
by EmergDoc
Tue Mar 24, 2015 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 186
Views: 10175

Re: Does an electric car make sense for commuting?

It's ideal for commuting, especially if you can do all the charging at work. Rode in one the other day and was very impressed. Not sure I'm willing to buy an extra car though, because I'm certainly not giving up my guzzler 4WD SUV.
by EmergDoc
Sun Mar 22, 2015 10:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does an electric car make sense for commuting?
Replies: 22
Views: 2456

Re: Legal for Doctor to Cover Insurance Co-pay?

When I give professional courtesy, I waive the entire payment, not just the deductible and not just the co-insurance.

I agree the legal way out is to not pursue the co-pay.
by EmergDoc
Sat Mar 21, 2015 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Legal for Doctor to Cover Insurance Co-pay?
Replies: 40
Views: 2873

Re: Where do I learn how much one SHOULD spend on a home?

My rule of thumb is your mortgage should not be more than 2X your gross salary. So if you make $150K a year, and have a $100K downpayment, don't buy a house more than $400K. Sorry that doesn't buy much in Seattle.
by EmergDoc
Sat Mar 21, 2015 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Where do I learn how much one SHOULD spend on a home?
Replies: 64
Views: 4998

Re: Anyone concerned about their bond holdings?

seems like an interest hike may be on the near horizon. some are saying June perhaps You are aware "they" have been saying that for at least the last 6 years, if not more, right? Calculate how much you will lose if intermediate term rates rise 1-3% over the next couple of years. Then comp...
by EmergDoc
Sat Mar 21, 2015 1:20 am
 
Forum: Investing - Theory, News & General
Topic: Anyone concerned about their bond holdings?
Replies: 58
Views: 5568

Re: Doctor's office requires credit card on file

Not to mention the benefits they receive from having an electronic system. You are clearly not a physician, because there are no benefits of having an EMR. Lets see, my Physician wife is one of the world pioneers in EMR (Founding fellow of the ACMI). I did my first sabbatical on emr in Frankfurt an...
by EmergDoc
Sat Mar 21, 2015 12:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 2887

Re: Why I don't file early

I hear the later you file the less likely you are to be audited. Best to file an extension I believe.
by EmergDoc
Sat Mar 21, 2015 12:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Why I don't file early
Replies: 35
Views: 3346

Re: Doctor's office requires credit card on file

That's a great idea. I'm going to recommend it to other docs. Heaven forbid people have to actually pay for medical care consumed. Those of you saying "run away" what exactly are you worried about? You can always dispute an inappropriate charge. You think online portals/EMRs are free? The ...
by EmergDoc
Sat Mar 21, 2015 12:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 2887

Re: Equity Indexed Annuities

This will not be the first time you have this experience. The more people you talk to about finances the more you will realize that most people are doing it in a less than ideal way. Adequate for their needs? Many times, yes. But not ideal.
by EmergDoc
Fri Mar 20, 2015 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Equity Indexed Annuities
Replies: 12
Views: 517

Re: PSLF Program worth it? (student loan forgiveness)

It's possible to get hundreds of thousands forgiven. Picture a pediatric endocrinologist who makes 6 years of tiny Pay As You Earn (PAYE) payments while in residency and fellowship. Then he comes out and works in academics for 4 years. The remainder of his loans go bye bye. After 6 years of 6-8% int...
by EmergDoc
Thu Mar 19, 2015 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: PSLF Program worth it? (student loan forgiveness)
Replies: 9
Views: 632

Re: What won't you pay with Credit Card?

I haven't had cash in my wallet for months at a time. I don't even stop by an ATM before traveling any more. Probably should, but it seems so silly because I bring it all home. Not only is every 2% cheaper, but I get this nice itemized list telling me where I spent all my money at the end of the mon...
by EmergDoc
Thu Mar 19, 2015 12:51 am
 
Forum: Personal Consumer Issues
Topic: What won't you pay with Credit Card?
Replies: 77
Views: 8145

Re: Advice on guiding an hour discussion with military

Make sure you cover the GI bill for them or their kids too. Huge benefit there. Enlisted guys getting out at 40 have time for a second career.
by EmergDoc
Mon Mar 16, 2015 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: Advice on guiding an hour discussion with military
Replies: 35
Views: 1921

Re: Advice on guiding an hour discussion with military

When I talk to military I always make sure to show them just how valuable their pension is- An enlisted pension starting at age 38 with free health may be worth a million. Way too many folks getting out with 8+ years in instead of staying to 20. Basically, if you're not leaving after a tour or two, ...
by EmergDoc
Mon Mar 16, 2015 12:45 pm
 
Forum: Investing - Theory, News & General
Topic: Advice on guiding an hour discussion with military
Replies: 35
Views: 1921

Re: Advice for New Investor w/ Tons of Graduate Debt

alothelo wrote:On the same blog, the author addresses the very questions raised above and did the math: Quantifying the 401K Vs Student Loans Decision http://whitecoatinvestor.com/quantifying-the-401k-vs-student-loans-decision/.


Yea, I'd take that author's advice. He's pretty smart.
by EmergDoc
Mon Mar 16, 2015 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for New Investor w/ Tons of Graduate Debt
Replies: 33
Views: 2913

Re: John Bogle's Don't Peek Challenge

I mostly don't look because it isn't interesting. Now, late 2008...that was interesting. I looked every day and even tallied up my total losses. As my first real bear market, it was a massive learning experience. Will I do that again in the next bear? Probably not. The increase in volatility (big lo...
by EmergDoc
Mon Mar 16, 2015 11:52 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8473

Re: Should tilters recommend tilting to beginners?

I've done it both ways. Both are reasonable.
by EmergDoc
Mon Mar 16, 2015 10:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Should tilters recommend tilting to beginners?
Replies: 49
Views: 2727

Re: Steering family away from costly Financial Adviser or MY

My sister is a radiologist and her husband is an ER physician and they have a financial advisor at a big bank wealth management division. I recently was out there last year and they were so proud of the fancy binder he made (embossed leather) containing their returns and my spouse said to me they h...
by EmergDoc
Mon Mar 16, 2015 10:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Steering family away from costly Financial Adviser or MYOB?
Replies: 28
Views: 2244

Re: Steering family away from costly Financial Adviser or MY

Why not send an email with a link to this thread? Then the advice isn't coming from you?
by EmergDoc
Mon Mar 16, 2015 10:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Steering family away from costly Financial Adviser or MYOB?
Replies: 28
Views: 2244

Re: John Bogle's Don't Peek Challenge

I've gotten to the point where I'm only peeking once a quarter or so so I know where to redirect new investments. I do check on the markets once a month for my monthly newsletter, so there isn't a huge surprise. But day to day movement of the markets? I only notice it if someone posts about it here.
by EmergDoc
Mon Mar 16, 2015 10:30 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8473

Re: Advice for New Investor w/ Tons of Graduate Debt

I'd start with refinancing your loans. This post (and the comments below it) discuss your options.

http://whitecoatinvestor.com/sofi-raise ... bar-again/
by EmergDoc
Mon Mar 16, 2015 12:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice for New Investor w/ Tons of Graduate Debt
Replies: 33
Views: 2913

Re: Whole Life Insurance as asset protection

A few points: 1) Asset protection law is state specific. Be sure you know your state law. In my state, retirement accounts, both 401(k)s and IRAs, receive a lot of protection. Life insurance cash value is also well protected. Annuities less so and very little home equity is protected. In other state...
by EmergDoc
Sun Mar 15, 2015 10:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance as asset protection
Replies: 40
Views: 2947

Re: Investing in P2P lending

Here are the keys: Willingness to take A LOT more risk than more traditional fixed income options in the quest for higher returns Broad diversification across notes and preferably companies as your biggest risk is Lending Club (or whoever) going under Limited portion of portfolio (5-10% total) Autom...
by EmergDoc
Sun Mar 15, 2015 8:10 pm
 
Forum: Investing - Theory, News & General
Topic: Investing in P2P lending
Replies: 8
Views: 898

Re: Best 4-6 person tent

I've got a fairly nice one from REI that I haven't been super happy with. My main issue is when I camp in sand and the wind blows it goes under the huge fly and up to the top of the tent and rains through the mesh. Water doesn't do that, but sand does. So my next family tent will be completely seala...
by EmergDoc
Fri Mar 13, 2015 6:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best 4-6 person tent
Replies: 20
Views: 1136

Re: Vanguard Diehards Alumni

I started on Morningstar. It's pretty easy to look things up. Just go back and check out the first 500 users here. They were pretty much all at Morningstar. We came over en masse over a few weeks.
by EmergDoc
Fri Mar 13, 2015 6:26 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Vanguard Diehards Alumni
Replies: 23
Views: 1202

Re: Financial Advisor Put Together This Portfolio - Thoughts

Two thoughts:

Don't hire a family friend. Much harder to fire.

If you have to/are willing to ask an internet forum if your advisor's advice sucks, it seems silly to pay someone to give you advice.
by EmergDoc
Fri Mar 13, 2015 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor Put Together This Portfolio - Thoughts?
Replies: 27
Views: 2177

Re: If 2% is real, we are . . . . ?

I take a lot of risk in life. Every day I risk being sued for everything I own by virtue of my profession. I have numerous risky hobbies that I share with friends, family, and even youth that I have supervision over. I also have investment risk. Guess which one I lose the least amount of sleep over?...
by EmergDoc
Wed Mar 11, 2015 1:13 pm
 
Forum: Investing - Theory, News & General
Topic: If 2% is real, we are . . . . ?
Replies: 63
Views: 6217

Re: Bogleheads with Rental Income

Hi everyone, I'm curious to see how many bogleheads buy, rent, and flip real estate properties in addition to their three fund portfolio? First of all, many Bogleheads, including yours truly, do not invest in the mystical "three fund portfolio." There are dozens of portfolios just as good...
by EmergDoc
Tue Mar 10, 2015 4:51 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads with Rental Income
Replies: 32
Views: 2659

Re: Bogleheads with Rental Income

I'm just unsure on how to find rental properties for sale in my area. You have no idea how far away you are from being a successful real estate investor. Far easier to teach someone how to invest in mutual funds than how to be good at real estate. I'd recommend starting with John T Reed's books. At...
by EmergDoc
Mon Mar 09, 2015 11:08 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads with Rental Income
Replies: 32
Views: 2659

Re: Bernstein: 2% investment returns over next 20 years

Well, some of it is the difference between real and nominal returns. To his credit, Jeremy Siegel has always as far as I know talk about real returns, but a lot of other people do not. On the other hand, for a very long time I thought that 3% real was more or less the normal interest rate for bank ...
by EmergDoc
Mon Mar 09, 2015 7:37 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: 2% investment returns over next 20 years
Replies: 216
Views: 22799

Re: Bernstein: 2% investment returns over next 20 years

A few comments. First, Bill is a lot smarter than I am, so you probably ought to take his advice over mine. Second, Bill has been preaching these "low future returns" for several years now. So far, he's been wrong. Doesn't mean he'll be wrong in the future, but it's almost a bit of a perma...
by EmergDoc
Mon Mar 09, 2015 7:12 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: 2% investment returns over next 20 years
Replies: 216
Views: 22799

Re: 2 Million Dollar Settlement, what to do with it?

I found these forums through Anandtech because I asked the same question over there. I had some good answers but wanted to see what people here would say. Basically, I have a friend that needs help figuring out what to do with the 2 mill he is expecting from the NFL concussion settlement. He is a f...
by EmergDoc
Mon Mar 09, 2015 9:41 am
 
Forum: Investing - Help with Personal Investments
Topic: 2 Million Dollar Settlement, what to do with it?
Replies: 31
Views: 3965

Re: Home workouts and motivation

We have a pretty good set of free weights in the garage and a pull-up bar. It's less a money-saving technique than a time-saving one. I can get a good work-out in 20-45 minutes rather than a couple hours. There's no lost time driving.
by EmergDoc
Mon Mar 09, 2015 9:29 am
 
Forum: Personal Consumer Issues
Topic: Home workouts and motivation
Replies: 60
Views: 2803

Re: What makes my marginal tax rate behave like this?

I have a rather straightforward tax situation: all of my income comes from interest and mutual fund dividends. I am in AMT because I live in California and so I have hefty property and state tax. My dividend income for 2014 was approximately $830K, of which approximately $660K was taxable at the fe...
by EmergDoc
Sun Mar 08, 2015 1:05 am
 
Forum: Investing - Help with Personal Investments
Topic: What makes my marginal tax rate behave like this?
Replies: 12
Views: 1194

Re: Trying to get out of debt, now that my wife is onboard

This is a very easy problem to solve. Refinance the house. You can probably get a 15 year for 3.25% or so since you have 20% equity. Heck, throw the $11K in there. A 15 year mortgage at 3.25% on $190K is $16K a year, less than 15% of your income. All you have to do is make payments and you're out of...
by EmergDoc
Sat Mar 07, 2015 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get out of debt, now that my wife is onboard
Replies: 22
Views: 2471

Re: Can my friend retire at 30 with 800K saved?

OP gone, all I see is the title. But I thought for sure this post was about Mr. Money Mustache.
by EmergDoc
Sat Mar 07, 2015 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can my friend retire at 30 with 800K saved?
Replies: 19
Views: 2326

Re: Self Employment Retirement Plans

Hi, What, if any, self employment plans might you all recommend? My husband is in business for himself and has money to invest. We are just wondering what the best options are. Thanks for any help/advice you can offer. Individual 401(k) is generally best, +/- a personal DBP +/- personal and spousal...
by EmergDoc
Fri Mar 06, 2015 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Self Employment Retirement Plans
Replies: 19
Views: 972

Re: Boglehead degree status

I think I'm still somewhere in high school PE class.
by EmergDoc
Fri Mar 06, 2015 8:31 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead degree status
Replies: 52
Views: 4837

Re: "Lifestyles Unlimited" <- Anyone know about them?

Why pay $750 to spend two days having someone try to sell me a $10-20K course I don't need? These things are all over the place, but the only person making any money is the one selling the course.
by EmergDoc
Fri Mar 06, 2015 2:27 am
 
Forum: Personal Consumer Issues
Topic: "Lifestyles Unlimited" <- Anyone know about them?
Replies: 17
Views: 2010

Re: 3 Costs Investors Must Control

It's a good article Rick. It would have been better if you had included a fourth cost- the cost of advice. If that advice cannot reduce the other costs by more than its own cost, it is not a value-add. That's really where I see the value of an advisor- help you avoid stupid high cost investments, he...
by EmergDoc
Thu Mar 05, 2015 6:21 pm
 
Forum: Investing - Theory, News & General
Topic: 3 Costs Investors Must Control
Replies: 61
Views: 5244

Re: Arguing Dental Bill

I can't imagine keeping track of what all the various insurance companies and their plans cover, what co-pays are, what co-insurance is etc. Maybe it's a little more straightforward in dentistry. Makes you wonder if the whole process would be better without the insurance companies involved at all. P...
by EmergDoc
Wed Mar 04, 2015 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Arguing Dental Bill
Replies: 37
Views: 2410
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