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

Ah, didn't catch he had profit sharing option in W2 plan. Thanks for the clarification. :)
Always good to review as the contribution limits often tend to be a point of confusion.
by Nomadix
Sat Jan 17, 2015 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Physician Independent contractor - LLC vs S corp vs other
Replies: 83
Views: 5588

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

Thanks for the clarification. So I can potentially put away 53k in my employed 401k, 53k in my solo 401k via 1099 and continue my annual 5.5k backdoor Roth contributions via a traditinal IRA. Correct? Yes Unless I am misunderstanding, this that this actually not true. The total elective deferral li...
by Nomadix
Sat Jan 17, 2015 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Physician Independent contractor - LLC vs S corp vs other
Replies: 83
Views: 5588

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

This post may be helpful: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=150076 I myself went with the Sole Proprietor route. Didn't seem to be any benefit to form an LLC in my situation, your seems similar. Like EmergDoc said though, it's a minimal cost, so there's no harm either really. ...
by Nomadix
Fri Jan 16, 2015 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Physician Independent contractor - LLC vs S corp vs other
Replies: 83
Views: 5588

Re: Amana Portfolio Allocation

Oh wow, great find! This totally passed me by. Looks like it just got established last October. While I wish the ER was a little more in line with other index funds, I'm glad someone is starting to put out these products! The only 1.2 mil total assets is a little concerning with regards to its viabi...
by Nomadix
Sun Jan 11, 2015 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Amana Portfolio Allocation
Replies: 38
Views: 3816

Re: Amana Portfolio Allocation

Thanks in_reality, exactly the kind of analysis I was looking for! I definitely would also favor the tilt towards value and the increase in international exposure, particularly as this would be my entire portfolio and I have no international fund so to speak. Even while 21% is still relatively low, ...
by Nomadix
Sat Jan 10, 2015 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Amana Portfolio Allocation
Replies: 38
Views: 3816

Re: Amana Portfolio Allocation

Sorry, that was typo, ticker should have been ADJEX not AJDEX

http://quotes.morningstar.com/fund/adjex/f?t=ADJEX
by Nomadix
Thu Jan 08, 2015 10:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Amana Portfolio Allocation
Replies: 38
Views: 3816

Re: Amana Portfolio Allocation

My starting off point is:

40% AMAGX (Large Blend)
40% AMANX (Large Growth)
15% AJDEX (Mid-Cap Growth)
5% AMDWX (Emerging Mkts)
by Nomadix
Thu Jan 08, 2015 5:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Amana Portfolio Allocation
Replies: 38
Views: 3816

Re: Amana Portfolio Allocation

So since we last discussed this issue, I've decided to add another fund (AJDEX) to the mix. The idea is to add a mid-cap to this large-heavy collection. We are still at a total of ~232 stocks, but it's what we have to work with. AMAGX (Large Blend) 1.13% 62 holdings AMANX (Large Growth) 1.20% 48 hol...
by Nomadix
Wed Jan 07, 2015 11:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Amana Portfolio Allocation
Replies: 38
Views: 3816

Re: Individual 401k for multiple LLCs

On a related note, would this mean that if one was receiving 1099 independent contractor income and opened an individual 401k, but now stopped doing this work and separately started a sole proprietorship, can the same individual solo 401k account continue to be used, or does a new and separate indiv...
by Nomadix
Wed Jan 07, 2015 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Individual 401k for multiple LLCs
Replies: 4
Views: 683

Re: Solo Physician Practice

by Nomadix
Thu Nov 20, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo Physician Practice
Replies: 13
Views: 2150

Re: Solo Physician Practice

Thanks for your input and help everyone. Looks like SP is the way to go.

Any good resource of important deductions to keep track of (or perhaps we can create that list here : ) ?
by Nomadix
Tue Nov 11, 2014 11:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo Physician Practice
Replies: 13
Views: 2150

Re: Solo Physician Practice

Similar to EmergDoc's post, my understanding is that I can use all the same retirement plans as an SP, including a solo 401k. Otherwise, it seems the only advantage left is the Medicare tax savings. So let's say I make 250k. If I decide to pay myself a salary of 200k and then take 50k as dividends (...
by Nomadix
Tue Nov 04, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo Physician Practice
Replies: 13
Views: 2150

Solo Physician Practice

Many moons ago when I was a resident looking to moonlight I got some great advice on here regarding what tax filing status to go with. Now I am considering starting my own solo practice (inpatient consultant with no office, staff, overall minimal overhead) and am looking to tap into the collective B...
by Nomadix
Sun Nov 02, 2014 11:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo Physician Practice
Replies: 13
Views: 2150

Re: UK taxes on iShares ETF offered by Fidelity

This post may be of interest to you: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=136726&start=50 Another consideration for the foreign ETFs is most brokerages will usually have additional fees involved just with regards to purchasing them. AMANA does have institutional shares availab...
by Nomadix
Sun Jun 01, 2014 12:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: UK taxes on iShares ETF offered by Fidelity
Replies: 16
Views: 1197

Re: Advice [on Shariah compliant investment products]

Ok, as an aside, does anyone know a broker that allows purchase of funds sold on foriegn exchanges into a retirment account (ex ROTH IRA)? Specificaly looking at funds below on London exchange: iShares MSCI World Islamic (ISWD.L) ER 0.6% iShares MSCI USA Islamic (ISUS.L) ER 0.5% iShares MSCI Emergin...
by Nomadix
Tue Apr 29, 2014 11:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 6875

Re: Advice for [Religious Investor]

For what specific investment objectives, and under what specific conditions? It seems to me that the answer to that question would necessarily need to follow from a scenario presented as per http://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 Just with regards to using the below funds to g...
by Nomadix
Sat Apr 26, 2014 7:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 6875

Re: Advice for [Religious Investor]

Thoughts on allocations for above listed funds for best exposure?
by Nomadix
Sat Apr 26, 2014 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 6875

Re: Advice for [Religious Investor]

I think a good place to start is figuring out a good equity mix first. I think a lot of people in this religous community willatually probably be just fine with doing a plain old index fund, but for those who prefer the ethical funds, perhaps we can figure out a good mix of these funds. Now I know t...
by Nomadix
Fri Apr 25, 2014 7:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 6875

Re: Advice for [Religious Investor]

Can someone explain exactly what rule, or law is in effect here, to cause the limitation, so we can discuss ways to avoid it, in spirit and in effect? I'm unfamiliar with how this works. The most significant issue is the prohibition against what is called 'riba,' which is variously translated as in...
by Nomadix
Mon Apr 07, 2014 10:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 6875

Re: Advice for [Religious Investor]

Also, for those trying to figure out the equity part of their allocation, here are the products, that I am aware of, that are available. Unfortunately, mostly limited to actively managed. Actively Managed (higher quality) AMAGX (Growth) ER 1.13% AMANX (Income) ER 1.20% AMDWX (Developing) ER 1.61% (l...
by Nomadix
Sun Apr 06, 2014 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 6875

Re: Advice for [Religious Investor]

Somewhat unrelated, but for those looking for a savings account alternative, this US-based bank has an interesting 'profit-sharing savings account,"

http://www.myuif.com/
by Nomadix
Sun Apr 06, 2014 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 6875

Re: Advice for [Religious Investor]

This is an issue that is bound to keep cropping up, but that's a good thing as hopefully more discussion will lead to creative solutions for this predicament. While at this point it seems a good investing strategy is actually rather simple, unfortunately for certain observant religious investors the...
by Nomadix
Sun Apr 06, 2014 10:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 6875

Re: another 401k feedback request

That makes sense, I figured as much but just wanted to confirm.
Is there a good argument for doing something like trying to maintain a 50% US 50% international? Or is just sticking with market weights the most boglehead thing to do?
by Nomadix
Wed Mar 26, 2014 9:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: another 401k feedback request
Replies: 17
Views: 2447

Re: another 401k feedback request

Assuming someone is all into equities, doing the proposed above (40% S&P 500 Index Fund
10% Russell Small Cap Completeness Index Fund, 50% international), is there ever a need to rebalance or does this kind of setup essentially "rebalance itself?"
by Nomadix
Wed Mar 26, 2014 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: another 401k feedback request
Replies: 17
Views: 2447

Re: Student Loan Refinancing

Also, as an update. SoFi's variable rate is as low as 2.91%, DRB 2.99%
by Nomadix
Mon Mar 03, 2014 7:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinancing
Replies: 17
Views: 3925

Re: Student Loan Refinancing

Thanks for the comprehensive review JohnnyDVM! Since you are planning to finish payment in 18 months, I'm assuming there are no pre-payment penalties, correct?
by Nomadix
Mon Mar 03, 2014 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinancing
Replies: 17
Views: 3925

Re: Student Loan Refinancing

Just wanted to follow up and see if anyone has actually ended refinancing through DRB and what their experience is.
by Nomadix
Thu Feb 27, 2014 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinancing
Replies: 17
Views: 3925

Re: Back Up Computer Options

Here is a good portable drive:
http://www.amazon.com/Seagate-Backup-Po ... B00829THO6

If you have a Mac, you can get a Time Capsule which is an external drive with wifi that backup daily and automatically.

You may also want to look into amazon s3 and Amazon Glacier.
by Nomadix
Sun Feb 23, 2014 8:30 pm
 
Forum: Personal Consumer Issues
Topic: Back Up Computer Options
Replies: 50
Views: 2463

Re: Accountant for Physician

I see I seem to have ruffled some feathers/struck a nerve with some. Simply wanted a referral to a good accountant because I've learned it's better to go off past experiences rather than trial and error in this situation. Could I have made the title "good accountant for high income earners with...
by Nomadix
Fri Feb 21, 2014 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Accountant for Physician
Replies: 13
Views: 936

Re: Accountant for Physician

It's not meant to pompous. And I agree, for the most part a good accountant is a good accountant. However, there are circumstances that can be unique to a physician (high debt, how best to incorporate solo practice, etc..) and if someone has experience with that, that's definitely a plus. But this d...
by Nomadix
Thu Feb 20, 2014 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Accountant for Physician
Replies: 13
Views: 936

Accountant for Physician

Looking for referral for good accountant in Illinois for a physician. Feel free to reply here or PM me. Thanks!

(On the topic any advice on how to go about finding a good accountant otherwise?)
by Nomadix
Thu Feb 20, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Accountant for Physician
Replies: 13
Views: 936

Re: another 401k feedback request

Thanks for the help Pingo and Kerdaboy. Thanks for your time and walking me through that, always more to learn!
by Nomadix
Thu Feb 06, 2014 10:45 am
 
Forum: Investing - Help with Personal Investments
Topic: another 401k feedback request
Replies: 17
Views: 2447

Re: another 401k feedback request

Also, can you direct me as to how to come up with the 4:1 ration (I was under the impression it was 3:1). Thanks again.
by Nomadix
Thu Feb 06, 2014 12:21 am
 
Forum: Investing - Help with Personal Investments
Topic: another 401k feedback request
Replies: 17
Views: 2447

Re: another 401k feedback request

Thanks Pingo.

The international fund tracks the MSCI ACWI ex US Investable Market Index (IMI).
by Nomadix
Wed Feb 05, 2014 11:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: another 401k feedback request
Replies: 17
Views: 2447

Re: another 401k feedback request

So with regards to index funds, Walgreens now offers:

S&P 500 Index Fund ER 0.18
Russel Small Cap Completeness Index Fund ER 0.09
Bond Index Fund
International Stock Index Fund ER 0.15

What the best way to approximate a Total Market from these funds? A Total World?

Thanks in advance!
by Nomadix
Wed Feb 05, 2014 10:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: another 401k feedback request
Replies: 17
Views: 2447

Re: Keurig vs normal coffeemaker?

Trader Joes has great Keurig compatible cups for $2.99 for 7 cups ($.42 per cup). Individually packaged and tastes great.

However, consider this:

http://www.amazon.com/Melitta-Coffee-Po ... rds=melita
by Nomadix
Mon Feb 03, 2014 11:16 am
 
Forum: Personal Consumer Issues
Topic: Keurig vs normal coffeemaker?
Replies: 131
Views: 9011

Re: 401k v. Student Loans - High Starting Salary

I'm assuming for next year at the 33% marginal rate
by Nomadix
Sat Nov 16, 2013 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k v. Student Loans - High Starting Salary
Replies: 46
Views: 4043

Re: 401k v. Student Loans - High Starting Salary

So would the Roth conversions be worth it at the point?
by Nomadix
Sat Nov 16, 2013 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k v. Student Loans - High Starting Salary
Replies: 46
Views: 4043

Re: Student Loan Refinancing

Would love to hear how it goes with DRB, MooseandBear!
by Nomadix
Fri Nov 15, 2013 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinancing
Replies: 17
Views: 3925

Re: 401k v. Student Loans - High Starting Salary

I am in similar situation as you and am also throwing in refinancing into the mix, see this thread:
viewtopic.php?f=2&t=126470&newpost=1855346
by Nomadix
Fri Nov 15, 2013 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k v. Student Loans - High Starting Salary
Replies: 46
Views: 4043

Re: Student Loan Refinancing

So there is no tax-benefit for the employer, perhaps as a benefit instead of salary with FICA having to be paid?

I was thinking if it's beneficial to the employer I negotiate a higher salary.
by Nomadix
Thu Nov 14, 2013 7:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinancing
Replies: 17
Views: 3925

Re: Student Loan Refinancing

Here's other companies also doing it for those interested:

http://studentloanhero.com/featured/5-b ... ent-loans/
by Nomadix
Thu Nov 14, 2013 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinancing
Replies: 17
Views: 3925

Student Loan Refinancing

Currently have following in student loans: $158,225.56 total $114,436.94 at %6.55 $43788.62 at %6.30 Currently trying to pay at least $1000/month. Will start working in July, and my plan at that point is to try to pay off in total in 2 years. I've stumbled upon a bank that refinances student loans: ...
by Nomadix
Thu Nov 14, 2013 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinancing
Replies: 17
Views: 3925

Re: Amana Portfolio Allocation

Maybe one day Vanguard will get an ex-Financials fund. Email them it as a suggestion!
by Nomadix
Sat Jun 29, 2013 10:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Amana Portfolio Allocation
Replies: 38
Views: 3816

Re: Amana Portfolio Allocation

Not yet, but looking into it.
by Nomadix
Sat Jun 29, 2013 9:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Amana Portfolio Allocation
Replies: 38
Views: 3816

Sprint

Not exactly a boglehead-friendly topic (individual stock), but just curious about this. SoftBank recently cleared a deal to buy Sprint. The deal is for 7.65 a share for something like 72% of total stock. Sprint is currently trading at less than $7.00. So what does this mean if someone for someone cu...
by Nomadix
Thu Jun 27, 2013 6:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Sprint
Replies: 2
Views: 530

Re: Amana Portfolio Allocation

Anyone else in the same boat as me look into WisdomTree ex financial funds,
DOO
DTN

Same to exclude the main culprit (financial sector), but reasonably lower ER's than Amana.
by Nomadix
Wed Jun 26, 2013 9:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Amana Portfolio Allocation
Replies: 38
Views: 3816

Re: Emerging Market Equities Allocation

Thanks.

What's the most reliable and easiest way to determine market weightings?

Just from reading through posts on this forum my impression is:

60% US
40% international (24% of which is emerging/less-developed markets)
by Nomadix
Wed Jun 26, 2013 8:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Emerging Market Equities Allocation
Replies: 9
Views: 832
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