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by RabbMD
Tue May 19, 2015 2:05 pm
Forum: Personal Consumer Issues
Topic: ATT next plan - prepayment quandary
Replies: 19
Views: 1993

Re: ATT next plan - prepayment quandary

Norlead,

But what if you have an old grandfathered unlimited data plan for iphones :).... I keep considering switching to an att mvno (need att for the best service coverage in my area), but the unlimited data is hard to give up, even if I don't really use it that much.
by RabbMD
Sat May 02, 2015 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Trying to Understand Business Health Insurance vs Personal
Replies: 11
Views: 634

Re: Trying to Understand Business Health Insurance vs Person

Please see my explanation in this discussion: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=161910&p=2431762#p2431762 I don't see any reason to have group health insurance policy if individual premiums are cheaper. Im not sure how you get to this conclusion Jared. If you buy individu...
by RabbMD
Mon Mar 02, 2015 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Legal Fees for Trusts and Wills
Replies: 37
Views: 2811

Re: Legal Fees for Trusts and Wills

In this situation even with a living will couldn't the family contest the will saying it was coerced or something similar? He was on Medicaid. There wasn't anything to contest except the jointly owned condo that the wife lived in. But surely given your profession you can understand a doctor's or ho...
by RabbMD
Mon Mar 02, 2015 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Legal Fees for Trusts and Wills
Replies: 37
Views: 2811

Re: Legal Fees for Trusts and Wills

The classic case is Terry Shivo (sp?) whereby the husband was trying to get her off the breathing machines but her parents sued to keep her on. You may be in a unique situation where your family thinks alike. Many of us come from families who do not. We recently encountered a very ugly family scene...
by RabbMD
Mon Mar 02, 2015 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Legal Fees for Trusts and Wills
Replies: 37
Views: 2811

Re: Legal Fees for Trusts and Wills

Kind of off topic here, but can someone explain why I need a healthcare power of attorney or a living will? I'm a doctor, and I know a fair amount of medical ethics. I have talked to my wife anc told her I am an organ donor, and no prolonged lufe in futile situations. So what are these documents goi...
by RabbMD
Sun Mar 01, 2015 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 60
Views: 6154

Re: Bank of America/Merrill Edge - Preferred Rewards

How are these bonuse paid for ira's? Does it go into the ira or a taxable account? If into the ira does it count as contributions for the year deposited?
by RabbMD
Fri Feb 27, 2015 11:34 am
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 220
Views: 22014

Re: What are Costco's best deals?

Frozen ground turkey, its good quality and always $2.50/lb. Also prime sirloin can be found for under $10.00.
by RabbMD
Thu Jan 22, 2015 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Explain me some tax law!
Replies: 16
Views: 2258

Re: Explain me some tax law!

What kind of "company"? Is it a corporation or a partnership? Makes a big difference. Gill This is a learning exercise. Please explain what difference it makes. Let's assume its a LLC with multiple members. Partnerships are flow-through entities. Each partner are assigned the gains or los...
by RabbMD
Tue Jan 13, 2015 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can I fund Vanguard purchases with my Target REDcard?
Replies: 40
Views: 4345

Re: Can I fund Vanguard purchases with my Target REDcard?

I got my permanent REDcard today. Although I suppose I COULD have sent a check to Vanguard from the account, I opted not to because when I went to the Vanguard website to find the mailing address, it said not to mail a check without an investment (aka deposit) slip. I chose to send the money to my ...
by RabbMD
Mon Dec 01, 2014 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for donating a lot
Replies: 20
Views: 1488

Re: Tax deductions for donating a lot

http://www.irs.gov/pub/irs-pdf/i8283.pdf See page 4 where it talks about cost basis. Im sure there are ways around holding clothing and household goods for at least one year, but to me it is simpliet to just hold then greater than a year to clear up doubt. Of course someone could have given you some...
by RabbMD
Mon Dec 01, 2014 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for donating a lot
Replies: 20
Views: 1488

Re: Tax deductions for donating a lot

For items given to you, there is an esoteric provision in the irs documents that states you must have owned the item yourself for one year prior to donating. I think its a similar theory to the rules that state you need to hold securities for over a year before getting to deduct the entire market pr...
by RabbMD
Mon Apr 14, 2014 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Donating Clothing (with Previous Business Deduction)
Replies: 2
Views: 386

Re: Donating Clothing (with Previous Business Deduction)

Of course i claim milage for goodwill donations.
by RabbMD
Sun Mar 23, 2014 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Paying Business Expenses With Credit Card to Get Points
Replies: 12
Views: 971

Re: Paying Business Expenses With Credit Card to Get Points

I thought the Barclays arrival only gets 2.2% back when used as a statement credit for admittedly generous defined travel expenses? It is a very good card, but it is not a straight 2.2%.
by RabbMD
Thu Feb 20, 2014 10:10 am
Forum: Personal Consumer Issues
Topic: Physician FICA return tax implications
Replies: 7
Views: 776

Re: Physician FICA return tax implications

And if you are a practicing physican now you likely will have to pay the ACA 3.8% medicare surcharge on investment income over $250,000 MFJ $200,000 single. This of course is the first year this tax has been collected.
by RabbMD
Sun Feb 16, 2014 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: FICA tax refund -- SS implications, can I send it back?
Replies: 12
Views: 806

Re: FICA tax refund -- SS implications, can I send it back?

My biggest beef is I have to pay taxes on all the interest generated during low marginal rate years (residency) this year (well 2013 taxes) in total. I did not have the option of paying and reporting the interest annually because I didn't get the interest. Of course isn't convenient that I must also...
by RabbMD
Tue Jan 21, 2014 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Term life with medical history - best way to ensure coverage
Replies: 12
Views: 604

Re: Term life with medical history - best way to ensure cove

I had a surprise rate change on my initial application I googled and found this independent agent who appeared knowledgable about my specific situation. I went through him and told him about my issue. He suggested a recent specialist consult, and found me a great deal only slightly higher than my lo...
by RabbMD
Wed Oct 09, 2013 4:31 pm
Forum: Personal Consumer Issues
Topic: Cheapest way to move long distance
Replies: 48
Views: 4008

Re: Cheapest way to move long distance

Budget has always been the best rates for me. I have rented trucks for the standard 4 days for moving trucks from Oklahoma to Texas, Texas to Virginia, Virginia to Boston, and Boston to Maryland. Everytime Budget has been around $300-$500. Gas is on top of that, and I usually do buy the insurance, b...
by RabbMD
Sun Sep 15, 2013 5:02 pm
Forum: Investing - Theory, News & General
Topic: The Incredible Importance of Social Security
Replies: 97
Views: 11278

Re: The Incredible Importance of Social Security

SS won't be there in 25 years when I retire. Let's face it, the system is broke. A system that captures 12.4% of nearly all reported wages up to $113,700 (and adjusted annually) is by definition not broke. In 25 years a significant portion of the baby-boomers are going to be dead so for all you kno...
by RabbMD
Fri Aug 09, 2013 11:21 am
Forum: Investing - Theory, News & General
Topic: VTI / VXUS Dividend
Replies: 7
Views: 1224

Re: VTI / VXUS Dividend

VXUS like a lot of international funds used to only have December one time dividend distributions. However, in 2012 vanguard announced that they would be shifting VXUS to quarterly dividends like their domestic funds. They stated that it would only start in September, thus why 2012 had September and...
by RabbMD
Sun Jul 21, 2013 9:49 am
Forum: Personal Consumer Issues
Topic: Citibank Thank You card rewards gift cards
Replies: 15
Views: 5285

Re: Citibank Thank You card rewards gift cards

Plus if you are talking thankyou points you should be talking the citi forward card. It gets you 5% back on book stores, movies, and restaurants in thankyou points. The kicker is amazon is a bookstore for them. So If I use thankyou points on amazon even on a 1:1 redemption ratio I miss out on that 5...
by RabbMD
Tue May 28, 2013 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of stock to a charity - is this a no brainer?
Replies: 17
Views: 1076

Re: Transfer of stock to a charity - is this a no brainer?

Calm man... I started this last year, and I agree it is a no brainer. I call it heads I win tails you lose when combined with tax-loss harvesting. So if you have $100,000 in taxable and plan to donate $10,000 a year then you donate anything with a taxable gain at the end of the year (but ideally bef...
by RabbMD
Wed May 22, 2013 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Room Visit -- HDHP
Replies: 58
Views: 4804

Re: Emergency Room Visit -- HDHP

If one has a HDHP and negotiates and pays instead of submitting the bill to their insurance, doesn't that mean that the expense does NOT apply to their deductible? If one keeps doing that then they essentially don't have health insurance at all because their deductible will never be met and they wi...
by RabbMD
Thu Mar 28, 2013 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Problem Using Savings Bond Wizard
Replies: 7
Views: 375

Re: Problem Using Savings Bond Wizard

Investingdad, try uninstalling and the reinstalling the wizard. Its definately buggie at times.
by RabbMD
Tue Mar 19, 2013 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Paying AMT poll
Replies: 6
Views: 953

Re: Paying AMT poll

The biggest causes of AMT - you live in a high tax state, you own a home that has large property taxes, you are married with dual income, you have children. One or a combination of them will cause you to feel like you've entered the......twilight zone. :shock: :oops: It also makes it so much easier...
by RabbMD
Tue Mar 19, 2013 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Ending Advisor Relationship & Getting Cost Basis
Replies: 19
Views: 1726

Re: Ending Advisor Relationship & Getting Cost Basis

I think you could ask the advisor to calculate the cost basis for you because you are thinking about selling some bc you need the money, and you want to know what the tax cost would be. Then you could check one of the eight funds yourself to verify his accuracy. Advisors have to do something right? ...
by RabbMD
Tue Mar 05, 2013 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Just finished my 2012 tax return
Replies: 20
Views: 2502

Re: Just finished my 2012 tax return

The bad accountant I used once did not understand uncompensated business expenses for a job search as a 2% agi deduction. The good accountant has made mistakes on passive vs active checkmarks on schedule Es. I occasionally every couple years use the good accountant, but every year I catch mistakes h...
by RabbMD
Mon Mar 04, 2013 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: questions about 529 plan - asset allocation
Replies: 20
Views: 1386

Re: questions about 529 plan - asset allocation

http://www.savingforcollege.com/article ... -529-plans

When I checked last year Maryland did not recapture 529 tax breaks for rollovers.
by RabbMD
Mon Mar 04, 2013 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: questions about 529 plan - asset allocation
Replies: 20
Views: 1386

Re: questions about 529 plan - asset allocation

Michaelseig, I am also a Maryland resident, and use the Maryland trowe price plan exclusively for state tax purposes. I just started using the plan for our 1 year old, and am currently 100% total equity. Maryland limits tax deductions to $2500 per donor per beneficiary, and per my non expert interpr...
by RabbMD
Mon Mar 04, 2013 10:19 am
Forum: Personal Finance (Not Investing)
Topic: pay tax on a Federal tax refund if you do not itemize ???
Replies: 11
Views: 1085

Re: pay tax on a Federal tax refund if you do not itemize ??

Dickenjb... Its even more complicated than that. If you paid enough amt compared to your refund it is not taxable. You have to use a worksheet with specific 2011 tax info to calculate how much if any your state tax refund from 2011 is countable as taxable 1099g income on your 2012 return. Its possib...
by RabbMD
Sun Feb 03, 2013 8:26 am
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable
Replies: 8
Views: 882

Re: target retirement in taxable

I hold individual funds in taxable, but in order to change ones asset allocation one doesnt necessarilly need to sell the target fund. You could just add a new pure bond or stock fund with new money to shift your allocation. But tax loss harvesting and loss of the foreign tax credit would be an issue.
by RabbMD
Sun Jan 27, 2013 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: CapitalOne Venture One vs Amex Gold Premier cc
Replies: 4
Views: 771

Re: CapitalOne Venture One vs Amex Gold Premier cc

Cap one has 0% foreign transaction fee. Amex is like 2.7 right.
by RabbMD
Tue Jan 22, 2013 10:13 am
Forum: Personal Finance (Not Investing)
Topic: What are my options after maxing out Roth?
Replies: 17
Views: 1517

Re: What are my options after maxing out Roth?

Strange that a company knows each employees exact marginal rate to be able to give a bonus with an after tax value enough for a roth... I guess they could just do a reasonable guess, but someone in phaseouts or married could have vastly different marginal rates than someone single. If they just cont...
by RabbMD
Mon Jan 21, 2013 8:15 am
Forum: Personal Finance (Not Investing)
Topic: HSA Bank or Health Savings Administrators?
Replies: 38
Views: 6920

Re: HSA Bank or Health Savings Administrators?

I have almost $35,000 in my hsa, but it's split. $20,000 is in td ameritrade through hsa bank, and $15,000 is part of my emergency fund, and kept at alliant credit union. I have unused receipts for like $10,000 in medical expenses going back 4 years ready to withdraw from the hsa if needed. I am an ...
by RabbMD
Wed Jan 02, 2013 8:29 am
Forum: Investing - Theory, News & General
Topic: American Taxpayers Relief Act of 2012 resources:
Replies: 103
Views: 7391

Re: American Taxpayers Relief Act of 2012 resources:

The second I saw the reference to 401k conversions to roth 401ks I thought the same thing I am sure many people here thought, "Can I now directly rollover aftertax 401k contributions to a roth?" I am still not sure, but I wonder if an easier loophole to the existing method some people have...
by RabbMD
Thu Dec 27, 2012 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion question from young physician
Replies: 31
Views: 3517

Re: Roth IRA Conversion question from young physician

Saw this was reupped. One more thing to consider asking about your new vanguard 401k. We use Employee Fiduciary with vanguard funds because when I changed our S corps 401K from a high few one in 2008ish vanguard was not doing any small 401ks. Vanguard does not allow admiral funds on index funds in 4...
by RabbMD
Wed Dec 19, 2012 10:29 am
Forum: Investing - Help with Personal Investments
Topic: How to compare apples to oranges for 529 plans
Replies: 6
Views: 551

Re: How to compare apples to oranges for 529 plans

Or do both...

Most 529 plans allow rollovers to other states plans right? Im planning on rolling the entirety to another account like utah every 5 years or so, while new contributions go into my t rowe price higher expense maryland plan.
by RabbMD
Thu Nov 15, 2012 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Is an HSA worth it if it costs more?
Replies: 20
Views: 1360

Re: Is an HSA worth it if it costs more?

Some basics: I’m 37 y/o in good health with no medical problems, and haven’t been to a doctor in 10 or so years. Can I just touch on this quickly? You should really go to the doctor for an annual physical. I can't think of any health plan that doesn't cover annual checkups, because it saves them so...
by RabbMD
Sun Oct 07, 2012 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Medical specialty, longer residencies worth it?
Replies: 55
Views: 6557

Re: Medical specialty, longer residencies worth it?

I think it would be a huge mistake not to assume that the bottom is going to drop out of salaries for medical professionals over the next 5 to 10 years. There simply is no other way to bring health care costs under control. All the groups will have to give...hospitals, docs, drug companies, device ...
by RabbMD
Sun Aug 19, 2012 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages to keeping long-standing credit card?
Replies: 9
Views: 1523

Re: Advantages to keeping long-standing credit card?

Having converted many citibank cards, I can confirm that you keep their credit history.
by RabbMD
Fri Aug 17, 2012 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: putting money aside for next year taxes
Replies: 23
Views: 2736

Re: putting money aside for next year taxes

Or there is no underpayment penalties if what is witheld is 90% of eventually what is owed in taxes. These are know as safeharbors.
by RabbMD
Fri Aug 17, 2012 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages to keeping long-standing credit card?
Replies: 9
Views: 1523

Re: Advantages to keeping long-standing credit card?

Try calling the card issuer of the 15 year old card and "convert" it into a different card that has no annual fee. It doesnt even need to have any rewards, just keeping it sock drawered and using it once per year is enough to keep it open for credit score purposes.
by RabbMD
Tue Aug 14, 2012 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA vs. Solo 401K
Replies: 6
Views: 1897

Re: SEP IRA vs. Solo 401K

I thought solo 401k was 25%- self employment tax?
by RabbMD
Wed Aug 08, 2012 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: AMT mortgage advantage?
Replies: 12
Views: 1453

Re: AMT mortgage advantage?

Lh amt marginal tax rates have actually been kinked the last few years. Here is a forbes article that explains it in detail. http://www.forbes.com/sites/feeonlyplanner/2011/12/16/the-alternative-minimum-tax-sweet-spot/ In effect you lose the ability to deduction state income taxes from your federal ...
by RabbMD
Thu Jul 05, 2012 11:09 am
Forum: Personal Consumer Issues
Topic: Hospital costs
Replies: 189
Views: 9483

Re: Hospital costs

The hospitals could make big money, but they are hiring infinite non clinical jacho compliance, pt satisfaction, computer technician, infection control based on limited to minimal evidence at 6 figures for 40 hours/wk
by RabbMD
Thu Jul 05, 2012 10:05 am
Forum: Personal Consumer Issues
Topic: Hospital costs
Replies: 189
Views: 9483

Re: Hospital costs

First, the idea that preventative care saves money is just that, an idea. There is minimal to no scientific evidence this in fact happens. Second, the system is very broken largely thourgh lack of price transperancy. As far as out of network physicians, the government is what is screwing the insured...
by RabbMD
Mon Jul 02, 2012 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Quick Property Tax Question
Replies: 5
Views: 627

Re: Quick Property Tax Question

Additionally, amt disallows property tax and state income tax among other deductions it disallows
by RabbMD
Sat Jun 16, 2012 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: AMT tax question
Replies: 8
Views: 1000

Re: AMT tax question

Grabiner, Not sure I understand how non timed allowed amt deductions are worth more in non-amt years? Say one is in amt phase out 35% marginal range. The corresponding rate in non amt calculations is usually 28%-33% marginal for the same taxable income. So it seems that saving at a 35% marginal rate...
by RabbMD
Tue Jun 05, 2012 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Need a good HSA provider
Replies: 30
Views: 3362

Re: Need a good HSA provider

Im trying to get as much of my emergency fund as possible into either i bonds or hsa alliant accounts as possible. To me hsas are the perfect source for emergency funds ( my agi is too high to directly contribute to a roth). It Pays a higher rate than my alliant savings account, it is tax deferred/f...
by RabbMD
Tue May 29, 2012 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund "full". What now?
Replies: 13
Views: 2207

Re: Emergency fund "full". What now?

I amnot sure how the original poster is contributing $10,000 per year to both his and hers roth iras. Anyone know how this could be legal?

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