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Re: $116k Med School Debt - Pay Off or PSLF?

The representatives of the American public are apparently idiots. It's not the OP's fault, nor immoral to follow the law. I can think of lots of example where following the law is immoral or unethical. True. So what criteria do you think should someone use when deciding whether or not to take PSLF ...
by EmergDoc
Fri Oct 31, 2014 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: $116k Med School Debt - Pay Off or PSLF?
Replies: 43
Views: 2097

Re: $116k Med School Debt - Pay Off or PSLF?

After a second reading, I found some of the details and plugged it into the calculator. http://www.finaid.org/calculators/ibr10.phtml If the results are correct, there's around $70k in government writeoff. However, much of that is accumulated interest at 6.8%, which if you are able to refinance at ...
by EmergDoc
Fri Oct 31, 2014 1:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: $116k Med School Debt - Pay Off or PSLF?
Replies: 43
Views: 2097

Re: $116k Med School Debt - Pay Off or PSLF?

EmergDOC - I agree with your statement about not paying more in taxes than what the law deems, and I respect your well-written opinions on this board. However, aren't we talking about a percentage of Principal Loan Forgiveness here in the OP scenario extended to ten years? Do you think what is miss...
by EmergDoc
Fri Oct 31, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: $116k Med School Debt - Pay Off or PSLF?
Replies: 43
Views: 2097

Re: $116k Med School Debt - Pay Off or PSLF?

I've run the numbers. If you will qualify for PSLF, you will come out ahead taking it. If you're worried the law will change, then save on the side and if it changes, pay off the debt with the side savings. If the debt is forgiven, fold that savings into retirement or another goal. Does she has a j...
by EmergDoc
Fri Oct 31, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: $116k Med School Debt - Pay Off or PSLF?
Replies: 43
Views: 2097

Re: Primary Doc Steering to Specialist Within Own Group

I agree this is unlikely to be about money.
by EmergDoc
Fri Oct 31, 2014 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Primary Doc Steering to Specialist Within Own Group
Replies: 28
Views: 1702

Re: How to calculate rate of return on cash value life insur

So you/they have paid $165 * 26 = $4290 and have a cash surrender value of $6221. I calculate a return of 2.65%. A 30 year treasury bought in 1988 had a yield of 8 or 9% (and a return higher than that given our decreasing interest rates.) Even a 30 year treasury bought today has a higher yield. Pret...
by EmergDoc
Fri Oct 31, 2014 4:36 am
 
Forum: Personal Finance (Not Investing)
Topic: How to calculate rate of return on cash value life insurance
Replies: 3
Views: 355

Re: $116k Med School Debt - Pay Off or PSLF?

SkierMom wrote:Forbearance of medical school debt on the backs of the tax payers isn't an honorable thing to do, even if it is a legitimate option given by the government.


This is no more immoral than not paying more in tax than you owe IMHO.
by EmergDoc
Fri Oct 31, 2014 3:08 am
 
Forum: Personal Finance (Not Investing)
Topic: $116k Med School Debt - Pay Off or PSLF?
Replies: 43
Views: 2097

Re: $116k Med School Debt - Pay Off or PSLF?

I've run the numbers. If you will qualify for PSLF, you will come out ahead taking it. If you're worried the law will change, then save on the side and if it changes, pay off the debt with the side savings. If the debt is forgiven, fold that savings into retirement or another goal. Does she has a jo...
by EmergDoc
Fri Oct 31, 2014 3:06 am
 
Forum: Personal Finance (Not Investing)
Topic: $116k Med School Debt - Pay Off or PSLF?
Replies: 43
Views: 2097

Re: 39.6% Tax Bracket :(

Truly a first world problem. I sympathize with you as I'm dealing with the same problem for the first time this year. I think I can keep myself out of the top tax bracket, but it's taking everything I've got to do so including being married with children, large retirement plan contributions, lots of...
by EmergDoc
Tue Oct 28, 2014 11:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: 39.6% Tax Bracket :(
Replies: 26
Views: 4837

Re: Wife is a newly minted medical partner - next steps?

So my wife has been working at a medical practice for a few years, and she was just accepted to be a Member in the practice, which is a LLC. As a side note, I'm so proud of her! We recently met with the CEO/CFO to talk through what this means, and I had a few questions for folks here: Decision to i...
by EmergDoc
Tue Oct 28, 2014 7:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife is a newly minted medical partner - next steps?
Replies: 9
Views: 1553

Re: Most financially economical choice for a car

I'm on a market for a new car, and would like to solicit opinions of what the most economical long-term option is. I'm not very specific about the car I need. An intermediate-sized car, reasonably good gas mileage, and I'm good. Will drive the car until it breaks, or when repair costs exceed replac...
by EmergDoc
Tue Oct 28, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Most financially economical choice for a car
Replies: 53
Views: 4214

Re: How often do you change your car's oil?

Honestly, I was surprised by the thread about washing cars and it seemed most hardly washed their cars at all. So I was wondering, how often do you change your car's oil? I'm not very good at keeping records but I'd say at least once per year and usually around 5K to 10K miles. If I find most never...
by EmergDoc
Tue Oct 28, 2014 3:47 pm
 
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 131
Views: 6241

Re: Do I need life insurance?

It doesn't sound like you need life insurance now. You might need it later. You might be uninsurable later. It's hard to quantify all of that. However, some people in this thread (and possibly you and your father) seem to be misunderstanding something. Buying insurance now instead of later isn't che...
by EmergDoc
Tue Oct 28, 2014 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need life insurance?
Replies: 21
Views: 1305

Re: your advisor should act like a good doctor

It's a good article Larry, with significant improvements from the draft I think I briefly discussed with you a while back. Three comments: 1) Financial advisor pricing is better than doctor pricing because you can get it ahead of time, mostly because you can determine the needed services ahead of ti...
by EmergDoc
Tue Oct 28, 2014 3:25 pm
 
Forum: Investing - Theory, News & General
Topic: your advisor should act like a good doctor
Replies: 46
Views: 3025

Re: Buying Salmon Online

I guess I'm spoiled from years of fresh, wild Alaskan Salmon. But if you didn't see it swimming in an Alaskan stream that morning, it isn't going to taste that good that evening. Once you've had it fresh (never frozen) and wild, it's pretty hard to eat anything else and call it salmon. You don't buy...
by EmergDoc
Tue Oct 28, 2014 3:02 pm
 
Forum: Personal Consumer Issues
Topic: Buying Salmon Online
Replies: 20
Views: 1670

Re: Paul Merriman criticism?

daffyd wrote: Large US, US Small Cap Value, Intl Large Value, Intl Small Cap.

.


I like that. Very different from the "buy it all" philosophy, but still broadly diversified and good factor diversification with just a few funds.
by EmergDoc
Tue Oct 28, 2014 3:24 am
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 58
Views: 3802

Re: Are RMD Withdrawals Making My IRA Into A Taxable Account

If you will be spending the RMDs, then the only thing to worry about is having the well run dry. For example, if your IRA earns a constant 4% every year, then I think your peak RMD will occur at age 90 or so, and then rapidly drop from there. Actually, the percentage peaks at 92 (RMD=balance/1.9). ...
by EmergDoc
Mon Oct 27, 2014 2:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are RMD Withdrawals Making My IRA Into A Taxable Account
Replies: 10
Views: 787

Re: Are RMD Withdrawals Making My IRA Into A Taxable Account

Just think of your IRA as an account that you own part of and the government owns part of. The government trusts you to invest its portion right along with your portion. If your overall effective tax rate on those RMDs is 18%, then the government owns 18% of the account. But I wouldn't think of it a...
by EmergDoc
Mon Oct 27, 2014 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are RMD Withdrawals Making My IRA Into A Taxable Account
Replies: 10
Views: 787

Re: Career Advice for an Unhappy Young Doctor?

I'd say stick it out for two years in clinical medicine while working on an exit plan into a non-clinical aspect. MDs with clinical experience are much more valuable than MDs without it. Lots of career options at that point that are very different from caring for patients.
by EmergDoc
Mon Oct 27, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 76
Views: 6879

Re: IUL VS Vanguard funds [Index Universal Life as investmen

The quick easy answer- it's probably not right for you. The long, drawn-out, controversial answer can be found here: http://whitecoatinvestor.com/an-index-universal-life-insurance-illustration/ and here: http://whitecoatinvestor.com/a-serious-reply-more-arguing-about-iul/ Threads on this subject on ...
by EmergDoc
Mon Oct 27, 2014 1:01 am
 
Forum: Investing - Help with Personal Investments
Topic: IUL VS Vanguard funds [Index Universal Life as investment?]
Replies: 5
Views: 548

Re: Resident- Disability Insurance

There's no right answer to your question. It could be anywhere from no policy at all until the last few months before attendinghood to as much as they'll sell you. Personally, I bought as much as they'd sell me ($2500 as an intern, $3500 a month post-tax benefit the rest of residency), but I also di...
by EmergDoc
Mon Oct 27, 2014 12:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Resident- Disability Insurance
Replies: 8
Views: 856

Re: Feeling rich to feeling poor overnight

The Bay Area is to the rest of the US what the US is to Subsaharan Africa in many ways. I can't even relate to someone who would pay $1.5M for a 1500 sq ft house on the busiest street in town or someone who would spend $2500 a month renting a studio. It's insane. If you can get a job elsewhere, even...
by EmergDoc
Mon Oct 27, 2014 12:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 10612

Re: So you think you're a Risk-taker?

Hmmmm.....passed all the questions and spent the weekend rappelling down waterfalls. Guess I qualify as a risk taker.
by EmergDoc
Sun Oct 26, 2014 1:52 am
 
Forum: Investing - Theory, News & General
Topic: So you think you're a Risk-taker?
Replies: 36
Views: 3798

Re: Three Possible Outcomes for Future Investment Returns

I'd like to see that plot with real returns, instead of nominal. Ask and you shall receive — sorry, I was too lazy to deduct the annual inflation rate from the asset yields in the original chart. Not that it changes the premise or the conclusions of the original post, though. http://i.imgur.com/iXT...
by EmergDoc
Wed Oct 22, 2014 10:10 pm
 
Forum: Investing - Theory, News & General
Topic: Three Possible Outcomes for Future Investment Returns
Replies: 32
Views: 2312

Re: Help Change Direction - Invest or Fix Personal Finance

Since when is 40 a late starter? The main issue here is a low savings rate. You're in the 28% bracket but only plan to save $12K a year? You've got like $40K. Adding $12K a year at 5% real a year means in 25 years you'll have $736K. Multiple that by 4% and it'll provide an income of something like $...
by EmergDoc
Wed Oct 22, 2014 3:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Help Change Direction - Invest or Fix Personal Finance
Replies: 16
Views: 1196

Re: Leon Cooperman giving the same advice as Warren

Screening for investment worthiness sounds an awful lot like active management. I see that as a downside. I guess if you believe in active management on the other hand....
by EmergDoc
Wed Oct 22, 2014 2:54 am
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3271

Re: Leon Cooperman giving the same advice as Warren

I'm not going to take the advice of anyone who can't see that a TSM index fund is superior to a S&P 500 Index fund. Umm... No. One is not any better then the other. They just follow different indexes with one (SP500) constituting 70% of the other (TSM). No surprise over the long run they have b...
by EmergDoc
Tue Oct 21, 2014 1:25 pm
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3271

Re: Leon Cooperman giving the same advice as Warren

I'm not going to take the advice of anyone who can't see that a TSM index fund is superior to a S&P 500 Index fund.
by EmergDoc
Mon Oct 20, 2014 11:31 pm
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3271

Re: Dry Powder

Who are we trying to kid? It doesn't matter what you do with 2% of your portfolio. Stocks, bonds, gold, cash, boogers. It'll all have about the same overall effect on portfolio growth.
by EmergDoc
Sun Oct 19, 2014 7:20 am
 
Forum: Investing - Theory, News & General
Topic: Dry Powder
Replies: 49
Views: 3528

Re: 2014 Annual Conference Bogleheads Vegans & Vegetarians

Maybe we can have a Vegan "local chapter." :)
by EmergDoc
Sun Oct 19, 2014 7:13 am
 
Forum: Local Chapters and Bogleheads Community
Topic: 2014 Annual Conference Bogleheads Vegans & Vegetarians
Replies: 10
Views: 1066

Re: "I've had it" at work - how often

It happens at least once a month, on my first of three overnight shifts that I work each month. It also happens a lot when I have an evening shift and miss an event with my family. I don't know, maybe twice a month. Not enough that I'm even seriously considering quitting (although maybe that's just ...
by EmergDoc
Sun Oct 19, 2014 7:11 am
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12473

Re: Putting Active Management to the Test

It's fun to see a true believer in active management. I didn't know there were any left. I figured all those active fund investors were just ignorant. My question is how will the results of this change anyone's investing strategy. If 3/4s of his funds beat their benchmark, will someone go after acti...
by EmergDoc
Sun Oct 19, 2014 4:51 am
 
Forum: Investing - Theory, News & General
Topic: Putting Active Management to the Test
Replies: 108
Views: 12644

Re: The Final, Definitive Thread on Rebalancing

You're going to kill this forum if you keep writing final, definitive threads. There are only about 10 threads here endless repeated. After you've covered them all, the forum will just die a slow painful death.
by EmergDoc
Sat Oct 18, 2014 10:16 pm
 
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Rebalancing
Replies: 24
Views: 1897

Re: physician being paid for call, can I set up sep. company

I don't think that qualifies as a separate business especially since the owner of both businesses is exactly the same (you). Ask a pro to be sure. The employers are supposed to be separate and unrelated. For example, in my partnership/practice, I own less than 2% of an LLC. For my blog, I own the wh...
by EmergDoc
Sat Oct 18, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: physician being paid for call, can I set up sep. company?
Replies: 5
Views: 1006

Re: Any active duty military familiar with TSP?

I have the TSP and roll money INTO it, not out of it. Lowest cost 401(k) in the country. Don't be so quick to get rid of it. It has its issues (limited investments, few distribution options) but you can't beat the price and the G fund is pretty unique.
by EmergDoc
Thu Oct 16, 2014 5:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Any active duty military familiar with TSP?
Replies: 19
Views: 1032

Re: The SWR on Real Estate Investments

As I clarified, I said the real rate of return would be equal to the nominal inflation rate, say 3%. Cap rates do not measure profit; they measure revenue. It's a rule of thumb that half of rental income will be used for expenses such as repairs, management, and vacancies. So that would leave a rea...
by EmergDoc
Thu Oct 16, 2014 4:03 am
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2472

Re: The SWR on Real Estate Investments

It's unclear to me why one would expect better returns than REITs, once you subtract out the value of your time that you have to put in (and would be an expense a REIT would have to take on in exchange for not taking up any of your time). You don't expect a better return. You expect a less volatile...
by EmergDoc
Thu Oct 16, 2014 4:02 am
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2472

Re: The SWR on Real Estate Investments

If Robert Shiller is to be believed, and I think his data are solid, real estate appreciates at the rate of inflation. So for the term of the mortgage you are losing money on your down payment. Imputed rents cover this carrying cost in a typical region. So for a paid-off property, the value of the ...
by EmergDoc
Wed Oct 15, 2014 11:52 pm
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2472

Re: 30 yr TIPs auction announced 16 oct: yield=1.10%?

What is the advantage to buy 30 year TIPS from an auction over lets say Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX)? No ER to pay plus you don't have to worry about the effects on you of other investors in the fund selling low, forcing the fund to sell low, and hurting your...
by EmergDoc
Wed Oct 15, 2014 2:45 pm
 
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction announced 16 oct: yield=1.10%?
Replies: 93
Views: 6505

Re: The SWR on Real Estate Investments

Is market efficiency necessary for the study to be valid? Shouldn't the impact of the market inefficiencies show up in the data used by the study? Reliable data availability may be a big challenge. The issue is if you are particularly skillful at buying and managing real estate, you can add real va...
by EmergDoc
Wed Oct 15, 2014 2:42 pm
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2472

Re: The SWR on Real Estate Investments

So, if you can't take 6% because of that risk, how much can you take? Is it 4% like a stock/bond portfolio, or somewhere in between the net operating income and the 4% rule? To figure that I think you would need to look at actual experienced volatilities in real estate returns - basically do the tr...
by EmergDoc
Wed Oct 15, 2014 2:27 pm
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2472

Re: need moral support (kinda)

You've still got a year. While there is no guarantee the market will be higher in a year than it is now, there's a decent chance. The average bear is 8 months long. If this is a bear (it isn't yet), we're about a month into it already. If it ends in 7 more months, then the market climbs sharply for ...
by EmergDoc
Wed Oct 15, 2014 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: need moral support (kinda)
Replies: 33
Views: 2905

Re: investing in bear market

With the bear market likely here, Be very careful with assumptions like that. Could be a 5% dip, a 10% dip, a 15% dip, a minor bear market, or a major bear market. You have no idea when it is going to turn, and neither do I. Making your investment plan dependent on knowing the future for success is...
by EmergDoc
Wed Oct 15, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing in bear market
Replies: 29
Views: 2251

Re: It's a good day to adhere to your IPS

Today, my 401K purchase will be made. Bummer that I maxed out my 401(k) in the first 8 months of the year! I guess there's always 529s and my solo 401(k), but I was thinking about buying some stuff that I'd been waiting to max out that 401(k) before buying. Funny how many ways there are to time the...
by EmergDoc
Wed Oct 15, 2014 1:08 pm
 
Forum: Investing - Theory, News & General
Topic: It's a good day to adhere to your IPS
Replies: 19
Views: 1771

Re: It's a good day to adhere to your IPS

mpt follower wrote:However, very tempted to rebalance!


My advice from 2008...be patient. There's a good chance next week or next month will be an even better chance to rebalance. If this really is the start of the bear, it'll take a while for the average non-Boglehead to notice and start panicking.
by EmergDoc
Wed Oct 15, 2014 1:06 pm
 
Forum: Investing - Theory, News & General
Topic: It's a good day to adhere to your IPS
Replies: 19
Views: 1771

Re: The SWR on Real Estate Investments

I agree that using an advertised cap rate is foolish. I've found the 55% rule is usually more useful. So someone might be advertising a cap rate 8 property, and I calculate it as a 5. I also agree there is a risk that your calculations are wrong. For example, if you've calculated in $4K a year towar...
by EmergDoc
Wed Oct 15, 2014 1:03 pm
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2472

Re: The SWR on Real Estate Investments

Even if you're taking into account these things , 6 percent is still not safe in the long-term. How you are paying for repairs, roofs, plumbing , etc? I'm using the rent money + cash reserves, (also taken into account when calculating the cap rate). If you don't think 6 percent is safe, what do you...
by EmergDoc
Wed Oct 15, 2014 2:20 am
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2472

Re: The SWR on Real Estate Investments

Even if you're taking into account these things , 6 percent is still not safe in the long-term. How you are paying for repairs, roofs, plumbing , etc? I'm using the rent money + cash reserves, (also taken into account when calculating the cap rate). If you don't think 6 percent is safe, what do you...
by EmergDoc
Wed Oct 15, 2014 1:56 am
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2472

Re: The SWR on Real Estate Investments

Even if you're taking into account these things , 6 percent is still not safe in the long-term. How you are paying for repairs, roofs, plumbing , etc? I'm using the rent money + cash reserves, (also taken into account when calculating the cap rate). If you don't think 6 percent is safe, what do you...
by EmergDoc
Wed Oct 15, 2014 1:45 am
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2472
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