Search found 293 matches

by Gemini
Tue Aug 04, 2015 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Physician Asset Protection
Replies: 30
Views: 2549

Re: Physician Asset Protection

Same boat as op - how does one go about finding a "good" insurance agent or lawyer?

I am looking to get life and umbrella as well as advice/input on asset protection.
by Gemini
Wed Jul 29, 2015 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

livesoft wrote:
Gemini wrote:What is the difference between purchasing an ETF as opposed to the mutual fund itself?

Please read this Wiki article:
http://www.bogleheads.org/wiki/ETFs_vs_mutual_funds


Looks like they are more or less the same.
by Gemini
Tue Jul 28, 2015 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Does that mean each ETF I purchase will be $9.99? Let's assume I want to purchase VTI and BND ETFs. Would I pay 9.99 x 2 one time or annually? Did you find the list of 100 no-commission ETFs? Are VTI and BND in the list of no-commission ETFs or are they in the class of "all other ETFs"? L...
by Gemini
Tue Jul 28, 2015 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

From TD site: " A Solo 401k is most suitable for self-employed individuals, independent contractors, and business owners with no additional employees other than a spouse or a child"

I am assuming a spouse can be added with a TD i401k as per above.
by Gemini
Tue Jul 28, 2015 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Just to clarify, you rolled over your regular 401K into a i401k at TD and recouped a bonus ? recouped is probably the wrong word. "got" is better. Summary: No VG b/c inferior brokerage options, No Fido b/c ex-employer Fido annoying. TD b/c low/no fees with bonus $ for transferring. Care t...
by Gemini
Tue Jul 28, 2015 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Travel insurance - worth it?
Replies: 50
Views: 4476

Re: Travel insurance - worth it?

Credit cards usually provide some travel coverage. I would not trust a cc company to provide comparative coverage as a standalone policy. I have a Chase Sapphire and there is a lot of ambiguity in their terms/conditions about what the card will and will not cover. For peace of mind, I would recommen...
by Gemini
Tue Jul 28, 2015 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Can you comment on the process such as how long it took, paperwork, fees, etc? Also, what made you pick td over VG or fido or others? Did you use a TPA? Sure. It takes 5 minutes to talk with the TDAmeritrade folks and get the docs e-mailed to you. If you read the 80+ pages that can take a while. If...
by Gemini
Tue Jul 28, 2015 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Doc changing last name
Replies: 23
Views: 3603

Re: Doc changing last name

Not a lot of work. You don't need new licenses, you just update your old ones. She didn't get a lobotomy did she? She is still the same person? It is just a name. If she wants to change her name then she should. It is a one time deal. Again, with a valid marriage license this is not a big deal. I w...
by Gemini
Tue Jul 28, 2015 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Doc changing last name
Replies: 23
Views: 3603

Re: Doc changing last name

Good to know. I did some research and it seems rather straightforward if you are getting married. Time consuming - but rather simple. To add a twist, her husband is also changing his last name from his mother's maiden to his father's. THAT is a painful process - I googled and most states mandate a ...
by Gemini
Mon Jul 27, 2015 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Spirit Rider wrote:You might not want to rollover a previous employer's 401k, because an employer 401k has full ERISA protection against creditors and an individual 401k does not.


Good point. I will hold off until a definitive answer.
by Gemini
Mon Jul 27, 2015 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Interesting that you came to that conclusion. The 3 question marks leave a lot of things unanswered and some people are not interested in ETFs. So TD would have been my last choice, not the first choice. :happy I also opened an i401k with TDAmeritrade. I did read the whitecoatinvestor article. I th...
by Gemini
Mon Jul 27, 2015 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Umbrella Insurance if my Assets < Liability Limits?
Replies: 14
Views: 1300

Re: Do I need Umbrella Insurance if my Assets < Liability Limits?

Sorry to hijack, but what if you have negative assets? I have a ton of student loans/debt and not many assets. I'm essentially "in the hole". I also rent. Does it make sense to get an umbrella policy? Does an umbrella policy apply to an individual or a family? Auto liability is solid btw ...
by Gemini
Mon Jul 27, 2015 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Umbrella Insurance if my Assets < Liability Limits?
Replies: 14
Views: 1300

Re: Do I need Umbrella Insurance if my Assets < Liability Limits?

Sorry to hijack, but what if you have negative assets? I have a ton of student loans/debt and not many assets. I'm essentially "in the hole". I also rent. Does it make sense to get an umbrella policy? Does an umbrella policy apply to an individual or a family? Auto liability is solid btw a...
by Gemini
Mon Jul 27, 2015 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Were you able to find a list of what can be bought without a transaction fee? If they will sell you the ETFs you want I don't see any problem. I guess I assumed you wanted a place to roll the old 401k with Principal and maybe even the one with T-C. ...Is there any rationale as to why one chooses to...
by Gemini
Mon Jul 27, 2015 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

You bring up a good point about rolling over my previous retirements accounts. Is there any rationale as to why one chooses to rollover besides the obvious such as high fee options or not enough options? The TIAA offers a unique vehicle to invest in a real estate fund that is unlike any others offe...
by Gemini
Mon Jul 27, 2015 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Anyone use 401kadministrators.com? "in La Jolla for the past 7 years. Allows investments in Vanguard funds and fees only 0.25%. Allow loans (which I think is useful) up to 50k. My problem with the 401k at Vanguard was it didn’t allow any employees, even those working less than 1000 hours year i...
by Gemini
Mon Jul 27, 2015 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Were you able to find a list of what can be bought without a transaction fee? If they will sell you the ETFs you want I don't see any problem. I guess I assumed you wanted a place to roll the old 401k with Principal and maybe even the one with T-C. On vacation and haven't had a chance to do some re...
by Gemini
Mon Jul 27, 2015 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep/park your emergency fund?
Replies: 53
Views: 5538

Re: Where do you keep/park your emergency fund?

I don't have a separate emergency fund. I usually keep a little over 10k (about one month of household expenses) in my ally saving account. I have a very secure job and unanticipated unemployment will be rare. If I really need money fast, I can always sell some funds with long term gain in my taxab...
by Gemini
Mon Jul 27, 2015 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep/park your emergency fund?
Replies: 53
Views: 5538

Re: Where do you keep/park your emergency fund?

The wiki has some background info: Emergency fund 1. Immediate need (ATM cash) - local brick-n-mortar 2. Need in a few days - Capital One (formerly ING) 3. Longer - High interest CDs I struggle with breaking up the fund as above. How do you determine how much is needed immediately vs few days vs lo...
by Gemini
Sun Jul 26, 2015 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

My rationale for TD was that I can get the better VG funds for cheaper than what I would have access to at VG. I would only qualify for investor funds at VG if opened 401k directly at VG.

I don't need a rollover or a loan.

Does TD make sense or did I miss it all?! :shock:
by Gemini
Sun Jul 26, 2015 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Came across this excellent article by WCI :

http://whitecoatinvestor.com/where-to-o ... solo-401k/

Appears TD bank is the way to go as overall it provides the best options.

Thoughts?
by Gemini
Sun Jul 26, 2015 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep/park your emergency fund?
Replies: 53
Views: 5538

Re: Where do you keep/park your emergency fund?

Perhaps I need to reevaluate. It seems some people keep a separate EF, while others don't. I currently have about 3-5 months sitting in a checking account. I can sure pay down some student loans with some of this, but from my readings it is recommended to have at least a 6 month buffer. I figured th...
by Gemini
Fri Jul 24, 2015 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep/park your emergency fund?
Replies: 53
Views: 5538

Where do you keep/park your emergency fund?

Currently I have it sitting in a TD bank checking account. I like it because I can deposit checks at a TD branch that I am unable to scan to USaA deposit at home bc of limit. It is also convenient as I can just head over to the local branch if I need a large withdrawal. Negatives are the minimal to ...
by Gemini
Fri Jul 24, 2015 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Doc changing last name
Replies: 23
Views: 3603

Re: Doc changing last name

Good to know. I did some research and it seems rather straightforward if you are getting married. Time consuming - but rather simple. To add a twist, her husband is also changing his last name from his mother's maiden to his father's. THAT is a painful process - I googled and most states mandate a c...
by Gemini
Thu Jul 23, 2015 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Doc changing last name
Replies: 23
Views: 3603

Doc changing last name

Friend of mine is a doc and she is getting married soon. She will be taking on her husband's last name. Has anyone gone through this process and provide some insight on what it entails? There are a ton of certificates and other documents that would need to be updated.
by Gemini
Sun Jul 12, 2015 5:34 pm
Forum: Personal Consumer Issues
Topic: Password Management
Replies: 56
Views: 2943

Re: Password Management

I am currently using KeePass offline. I carry it around on a jump drive. It is very tedious at times and becomes a major pain when some computers that I use do not allow access of external hardware. I am thinking of taking the plunge with LastPass, but worried about all of the recent hacking that w...
by Gemini
Sun Jul 12, 2015 2:51 pm
Forum: Personal Consumer Issues
Topic: Password Management
Replies: 56
Views: 2943

Re: Password Management

I am currently using KeePass offline. I carry it around on a jump drive. It is very tedious at times and becomes a major pain when some computers that I use do not allow access of external hardware. I am thinking of taking the plunge with LastPass, but worried about all of the recent hacking that we...
by Gemini
Sun Jul 12, 2015 2:44 pm
Forum: Personal Consumer Issues
Topic: LastPass.com Breach
Replies: 155
Views: 14039

Re: LastPass.com Breach

Do you guys keep ALL of your passwords on these cloud based password manager or just some?
by Gemini
Sun Jul 12, 2015 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Travel insurance - worth it?
Replies: 50
Views: 4476

Re: Travel insurance - worth it?

Update: They went with Travelx plan. A little pricey but worth it for peace of mind.
by Gemini
Sun Jul 12, 2015 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Thanks for the detailed response. How is the web interface with Vanguard? $20 per fund seems high or no? Do you recall the minimum to waive these fees? the main reason for the Solo 401k is to preserve my ability to do the backdoor Roth annually. SEP IRA and SIMPLE IRA won't allow that. I have no tr...
by Gemini
Sun Jul 12, 2015 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Does i401k @ Vanguard not allow Admiral shares and steer one towards higher cost Investor shares?
by Gemini
Sat Jul 11, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: who do you have your term life insurance with?
Replies: 32
Views: 2152

Re: who do you have your term life insurance with?

My late husband had a term policy with TIAA-CREF and their customer service was excellent. They even offered me the option of leaving the death benefits in a "retained asset" account called Proceeds Plus (fully liquid, with a checkbook I could use to write checks against the value in the ...
by Gemini
Sat Jul 11, 2015 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

3. How do I determine how much I can contribute? I believe I can put in 20% of my 1099 income: "For a Sole Proprietor it is 20% of self-employment income " - I read that somewhere, but please correct if wrong. If so, should I be just take what comes in monthly and put away 20% each month ...
by Gemini
Sat Jul 11, 2015 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

I opened a Roth i401k in 2014. 1. I chose Vanguard for convenience and lower expense ratios for my chosen investments. I also considered Fidelity and searched online to see if anywhere else would be better for me. 2. I talked to my CPA about the i401k, and ultimately opened it by myself. There were...
by Gemini
Sat Jul 11, 2015 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Re: Individual 401K

Thanks.

I have also been meaning to ask about the Roth option inside the 401K. What does it mean actually? What are the pros or cons of a 401K Roth vs a regular 401K?
by Gemini
Sat Jul 11, 2015 11:54 am
Forum: Personal Finance (Not Investing)
Topic: who do you have your term life insurance with?
Replies: 32
Views: 2152

Re: who do you have your term life insurance with?

Are death benefits paid pre or post tax? If taxed, what rates are used - the benefactor or the person who passed?

Gloomy question, but figured I might as well ask since the topic is alive.
by Gemini
Sat Jul 11, 2015 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2274

Individual 401K

I recently started a side venture as a 1099 contractor. I am sole proprietor and have some incoming income that I can use towards an individual 401K. I currently have backdoor Roth with Vanguard, some old 401K accounts with Principal and TIAA CREF. 1. What is the best place to open such an account? ...
by Gemini
Sun Jun 28, 2015 5:40 pm
Forum: Personal Consumer Issues
Topic: LastPass.com Breach
Replies: 155
Views: 14039

Re: LastPass.com Breach

- How does LastPass sync all of the accounts? Via Dropbox? Is that safe? - it seems the 2FA is only available on LastPass on the premium version. How does 2FA actually work? I know how it works for gmail.com, but how would it work for let's say bogleheads.org password that is stored with LastPass? -...
by Gemini
Fri Jun 19, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Independent contractor - LLC vs S corp vs other
Replies: 99
Views: 9363

Re: Income tax liability safe harbors

A follow on to my most recent post. I didn't want to confuse the issues. There are income tax liability safe harbors you could take advantage of to reduce the need for additional tax payments: ⋅ Owe less than $1000. ⋅ Owe less than 10% of your tax liability (or to use the IRS te...
by Gemini
Wed Jun 17, 2015 11:07 pm
Forum: Personal Consumer Issues
Topic: LastPass.com Breach
Replies: 155
Views: 14039

Re: LastPass.com Breach

so....what should I use?! :confused
by Gemini
Wed Jun 17, 2015 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Independent contractor - LLC vs S corp vs other
Replies: 99
Views: 9363

Re: Physician Independent contractor - LLC vs S corp vs other

In 2015 it is 0.5%/month. 0.5% per month on the money owed? So assume I make 100K (which ain't happening FYI haha) for the year and I owe 30K in taxes at the end of the fiscal year. I would get a 0.5% penalty x 12 on the 30k? So $150/month x 12 = 1800 in penalty for the year? I would add the 1800 t...
by Gemini
Wed Jun 17, 2015 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Independent contractor - LLC vs S corp vs other
Replies: 99
Views: 9363

Re: Physician Independent contractor - LLC vs S corp vs other

In 2015 it is 0.5%/month. 0.5% per month on the money owed? So assume I make 100K (which ain't happening FYI haha) for the year and I owe 30K in taxes at the end of the fiscal year. I would get a 0.5% penalty x 12 on the 30k? So $150/month x 12 = 1800 in penalty for the year? I would add the 1800 t...
by Gemini
Wed Jun 17, 2015 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Independent contractor - LLC vs S corp vs other
Replies: 99
Views: 9363

Re: Physician Independent contractor - LLC vs S corp vs other

Spirit Rider wrote:
Gemini wrote:Is there a penalty if I pay nothing now and choose to just pay at the end of the fiscal year? I realize I will owe money, but not sure if I will get penalized for being "late" per say

Yes there will be a penalty.


A huge penalty?
by Gemini
Wed Jun 17, 2015 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 11243

Re: Prenup

Well how can you possibly address everything in a prenup? I think at some point you just have to have faith when you say "I do" or maybe I am just young and naive :sharebeer
by Gemini
Wed Jun 17, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 11243

Re: Prenup

Thanks for chiming in everyone.

Don't think the prenup is happening, but this was a great discussion.
by Gemini
Wed Jun 17, 2015 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Travel insurance - worth it?
Replies: 50
Views: 4476

Re: Travel insurance - worth it?

Thanks everyone for chiming in.

I will be contacting Steve the insurer fella and also doing some research before taking the plunge.

Regardless of where I choose to purchase, it appears a good insurance plan will cost around 1K for this trip
by Gemini
Wed Jun 17, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Independent contractor - LLC vs S corp vs other
Replies: 99
Views: 9363

Re: Physician Independent contractor - LLC vs S corp vs other

Is there a penalty if I pay nothing now and choose to just pay at the end of the fiscal year? I realize I will owe money, but not sure if I will get penalized for being "late" per say
by Gemini
Wed Jun 17, 2015 4:13 pm
Forum: Personal Consumer Issues
Topic: LastPass.com Breach
Replies: 155
Views: 14039

Re: LastPass.com Breach

Is there any conclusion that can be sought from all of this discussion?
by Gemini
Tue Jun 16, 2015 4:04 pm
Forum: Personal Consumer Issues
Topic: LastPass.com Breach
Replies: 155
Views: 14039

Re: LastPass.com Breach

So...what is the conclusion? Which one to use and why?
by Gemini
Tue Jun 16, 2015 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Travel insurance - worth it?
Replies: 50
Views: 4476

Re: Travel insurance - worth it?

Super confusing as so much info. I don't think I can decipher how ALL of this works and the little nuances :shock: Yes, at first it can be. And "the fine print" can really matter. But call Steve (or any of his associates) for more explanation. That's their job, after all. We found them re...

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