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by Streptococcus
Sun Mar 22, 2015 9:05 am
Forum: Investing - Help with Personal Investments
Topic: How is VTIAX performing?
Replies: 18
Views: 1916

Re: How is VTIAX performing?

I have invested in the Vanguard Total International Stock fund for about 5 years now. It seems to be not performing to my expectations. I am not an experienced investor so I am looking for some advice. I have about 20% of my stock allocation in this fund. Are there other Vanguard or competitors fun...
by Streptococcus
Tue Jan 20, 2015 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year fixed mortgage vs ARM 5 1
Replies: 4
Views: 493

Re: 15 year fixed mortgage vs ARM 5 1

I agree with BL that the rates seem pretty high. Bankrate currently has a 15 year refinance at 2.98%. Especially when you factor the closing costs (unless the costs are simply prefunding your escrow which i suspect might be the case). But to the point of the question. I personally do not see the be...
by Streptococcus
Tue Jan 20, 2015 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year fixed mortgage vs ARM 5 1
Replies: 4
Views: 493

15 year fixed mortgage vs ARM 5 1

Hello bogleheads, I'm refinancing my mortgage in order to get rid of my mortgage insurance. The initial mortgage was 285K and the current balance is 231K. It was a 15 year fixed at 3.75% with a monthly payment of $ 2621.95. (including state taxes) Closing costs are $2500 There are 2 refinancing opti...
by Streptococcus
Tue Jan 06, 2015 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: should I refinance?
Replies: 5
Views: 978

Re: should I refinance?

I found a bank that can give me an ARM 5:1 at 2.8%; do you think that would be a good option for me if I plan on leaving the house within the next 5 years? It can only be a 30year mortgage and after that the rate would increase by a maximum of 5% over the duration of the mortgage. I'm pretty sure, u...
by Streptococcus
Wed Dec 31, 2014 9:56 am
Forum: Personal Finance (Not Investing)
Topic: should I refinance?
Replies: 5
Views: 978

Re: should I refinance?

The original mortgage was 285K and I have 12 years left on it; monthly payments 2192.86 that includes the PMI 98.12 The new mortgage would be 233K, for 15 years, no PMI with a monthly payment of 1698.2 I think that the payment is much lower not because of the lower interest rate, which is only 0.25%...
by Streptococcus
Wed Dec 31, 2014 12:05 am
Forum: Personal Finance (Not Investing)
Topic: should I refinance?
Replies: 5
Views: 978

should I refinance?

Hello Bogleheads, Should I refinance my mortgage? here are the numbers: 1. current mortgage: - 15 year FHA fixed rate; - remaining duration of the mortgage: 12 years - interest 3.75% - monthly payment: $2192.86; that includes the mortgage insurance of $98.12 The refinanced mortgage would have the fo...
by Streptococcus
Mon Dec 08, 2014 9:54 am
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 71
Views: 9354

Re: High(ish) earner; spending too much?

I'm going to be a contrarian. I think you are doing great (I too had nothing when I was 32) but you could do much better. It is true that saving 30% of your income is a good rate. But to me, a family of 2 (I assume) who makes makes 400K, and is decades away from retirement should save more than it s...
by Streptococcus
Sun Dec 07, 2014 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

Hi, Glad that you have received so many thoughtful replies. The following story pretty much describes my life, except fishing is not my passion (I'm an engineer who loves to learn and build new stuff): http://bemorewithless.com/the-story-of-the-mexican-fisherman/ For me, financial independence was ...
by Streptococcus
Fri Dec 05, 2014 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

Bogleheads, Thank you for the many many advices that you posted me. I so truly appreciated them and they were of enormous help. In the end, I decided to forgo the fellowship option and embrace the status quo. Here is the reasoning: 1. After a few years of building the practice, now that I am cruisin...
by Streptococcus
Thu Dec 04, 2014 10:56 am
Forum: Investing - Theory, News & General
Topic: European underperformance - here to stay?
Replies: 32
Views: 2582

Re: European underperformance - here to stay?

My AA puts me at 50% international stocks. So I have not captured the record high returns that an investor with... say 100% US stocks is capturing. Despite some "experts" are forecasting decades of Europe underperformance, I actually feel really good about buying into Europe, and internati...
by Streptococcus
Tue Dec 02, 2014 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 791

Re: Make an Efund/college fund mix

This is what I think about Efund; please feel free to sermon me if you see fit. #1 Efund should not be based on living expenses but on the e-situation Say your household has $3000/month living expenses and you get laid off. Being this an emergency situation, common sense would require you to cut/su...
by Streptococcus
Tue Dec 02, 2014 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 791

Re: Make an Efund/college fund mix

I have some stocks in a 529, but I mainly use Ibonds for this strategy. You can accumulate 5K, 10K, up to 20K a year in Ibonds starting when your kids are younger; this strategy has a lot of advantages; it is cash after a year, keeps up with inflation, there is no risk to lose money, you can use it ...
by Streptococcus
Tue Dec 02, 2014 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

Streptococcus ... The grass is usually NOT greener on the other side. I would suggest you think it through thoroughly before making a jump. I can empathize with your situation as at mid career I too considered going back and doing an additional sub-specialty residency. In my case, after a decade as...
by Streptococcus
Mon Dec 01, 2014 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Dynamics on Finance
Replies: 59
Views: 7185

Re: Spousal Dynamics on Finance

#2 we both care, but I do all the planning and execution; I'm also more knowledgeable; we discuss everything and always agree. But if I were to miss my spouse would step up and be just fine.
by Streptococcus
Mon Dec 01, 2014 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 791

Re: Make an Efund/college fund mix

# 6-12 months e-fund is an overkill Not really, unemployment periods are happening for longer periods for more people. Many people here subscribe to a tiered emergency fund approach. E.g. tier 1 cash (1-2 months), tier 2 (short term bonds, I bonds after 1st year) etc. there are lots of posts on thi...
by Streptococcus
Mon Dec 01, 2014 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 791

Re: Make an Efund/college fund mix

# 6-12 months e-fund is an overkill Not really, unemployment periods are happening for longer periods for more people. Many people here subscribe to a tiered emergency fund approach. E.g. tier 1 cash (1-2 months), tier 2 (short term bonds, I bonds after 1st year) etc. there are lots of posts on thi...
by Streptococcus
Sun Nov 30, 2014 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

Does Fellowship Pay: What Is the Long-term Financial Impact of Subspecialty Training in Pediatrics? http://pediatrics.aappublications.org/content/127/2/254.full I hope that you have read the above article. Best of luck in making the decision! I did read it a few years ago. Nice publication. It main...
by Streptococcus
Sun Nov 30, 2014 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 791

Make an Efund/college fund mix

This is what I think about Efund; please feel free to sermon me if you see fit. #1 Efund should not be based on living expenses but on the e-situation Say your household has $3000/month living expenses and you get laid off. Being this an emergency situation, common sense would require you to cut/sus...
by Streptococcus
Sun Nov 30, 2014 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

I said 4 days because If I dont do the fellowship this year, I will move on my current path and not look back. How much could you have possibly wanted to make the change if you're not willing to wait even one more year to make it? It sounds to me like your artificial "now or never" deadli...
by Streptococcus
Sun Nov 30, 2014 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

Most respondents seem to be insinuating your dilemma appears to be more personal than financial. You are clearly an "overachiever" within your own specialty. Certainly whatever your decision, you will find a way to remain financially solvent, and your current skills will always offer a ro...
by Streptococcus
Sun Nov 30, 2014 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

Dear Bogleheads, Thank you for all your posts. They are exactly what I needed. I have 4 days to make the final decision and for some unexpected reasons, this has been the hardest decision that I ever made in my life. And getting different perspectives from dozens of smart people like you is pricele...
by Streptococcus
Sun Nov 30, 2014 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

Dear Bogleheads, Thank you for all your posts. They are exactly what I needed. I have 4 days to make the final decision and for some unexpected reasons, this has been the hardest decision that I ever made in my life. And getting different perspectives from dozens of smart people like you is priceless.
by Streptococcus
Sat Nov 29, 2014 1:39 pm
Forum: Investing - Theory, News & General
Topic: I'm getting Slaughtered in stocks
Replies: 43
Views: 6169

Re: I'm getting Slaughtered in stocks

Op, Thanks for posting this. We need to learn from the good and the not so good.
by Streptococcus
Sat Nov 29, 2014 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

Hi, Glad that you have received so many thoughtful replies. The following story pretty much describes my life, except fishing is not my passion (I'm an engineer who loves to learn and build new stuff): http://bemorewithless.com/the-story-of-the-mexican-fisherman/ For me, financial independence was ...
by Streptococcus
Sat Nov 29, 2014 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

OP, I recommend that you read a book So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love by Cal Newport. The book provides several important messages. The ones particularly relevant to you are: 1. Passion is overrated. Many people live their entire lives in misery...
by Streptococcus
Sat Nov 29, 2014 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

IndexMD wrote:The more I read, Streptococcus, from your posts the more convinced I am that you should absolutely not do this career change. I could go on and on but most of the posters above have already raised most of my points. Best of luck in your decision, regardless.

Thanks indexMD
by Streptococcus
Fri Nov 28, 2014 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

Strepto: How many docs do you know who haven't changed jobs in the last 5 years? I don't know of many myself. We are all looking for safe haven when there may not be much left. It seems that you have found some grounds that many docs dream of, financially. I really don't know of any IM docs persona...
by Streptococcus
Fri Nov 28, 2014 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

Pediatrics is generally considered to be one of the lowest paid primary care specialties. I am amazed you can make so much money, so my hat is off to you. You must have a busy practice and are a great coder.My suggestion about the fellowship does change since you will get a board specialization fro...
by Streptococcus
Fri Nov 28, 2014 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

You haven't convinced me that after finishing a peds EM fellowship you won't think the grass is greener somewhere else (maybe even not as good as what you are doing now)! If the honest truth is that you are a wanderer at heart, it would make sense to figure that out and indulge that side of your pe...
by Streptococcus
Fri Nov 28, 2014 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advice needed!

OP, you use the term GP to describe your field. Does this mean you finished med school but did not do residency training? If so, that would be very unusual anymore. It's very difficult to practice right out of med school without undergoing residency training (assuming you are in the US). Even prima...
by Streptococcus
Fri Nov 28, 2014 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advices needed!

Some general practitioners moonlight or pick up shifts in EDs. Have you done this? The reason I ask is the aspects of your career that you appreciate: a substantial (and rising) income, great relationships with your patients, and a great lifestyle may all be jeopardized by switching to Emergency Me...
by Streptococcus
Wed Nov 26, 2014 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advices needed!

My take is that this is not a financial decision but a life decision that has financial consequences. You will have an adequate income and can save for retirement in either outcome. The exact amounts may differ, but you will have enough either way. So: Do what will make you happiest. If you don't d...
by Streptococcus
Wed Nov 26, 2014 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advices needed!

Emergency medicine would make your skills extremely desirable after the inevitable zombie apocalypse. If you haven't already considered that, maybe write that into the Pros column. excellent point It seems you have two good options. Whichever you choose, you will be fine. However, you have strong p...
by Streptococcus
Wed Nov 26, 2014 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advices needed!

Thank you everyone for your replies. This is precisely what I needed: a different perspective from different people to get unstuck. I will greatly appreciate further comments. ...with my current income rising, I would be able to meet my investing goal in 8 years (my IPS tells me to pour 1.5M in the ...
by Streptococcus
Wed Nov 26, 2014 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advices needed!

If emergency medicine is what you really love, I would go for it. The only job decision I regretted was once when I took one with a bundle of money over the more interesting one. You only live once, unfortunately. You don't sound like you're that old - thirties, maybe? So another 3-5 years does not...
by Streptococcus
Wed Nov 26, 2014 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Re: Life changing decision... advices needed!

Please clarify: After a 3-year fellowship, will you be practicing as an emergency room doctor at a higher or lower salary than now? I look at the 3 years as a break for education during what otherwise is a high paying profession if I understand this correctly. If this is correct, will you be hittin...
by Streptococcus
Wed Nov 26, 2014 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 11602

Life changing decision... advice needed!

Bogleheads, I have to make a life changing decision and your inputs, advices, critiques are greatly appreciated. After working for several years as a general practitioner, making >300K/year, I'm thinking about quitting my current job and pursuing a 3 year fellowship that will pay about 55K/year. I a...
by Streptococcus
Wed Oct 29, 2014 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 11
Views: 861

Re: Tax question

The 2% limitation means these expenses are deductible when they exceed 2% of your AGI. Here's a link to a wiki on How to Complete Schedule A with pictures of the form. http://www.wikihow.com/Itemize-Deductions Scroll down to Step 10 where you'll see the text: Calculate the amount of job related and...
by Streptococcus
Wed Oct 29, 2014 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 11
Views: 861

Re: Tax question

Up to $25 per recipient is deductible as a gift as miscellaneous employee deduction on line 21 of Schedule A. The deduction would be subject to 2% of adjusted gross income limitation. Thanks for your kind reply. 1. How about meals? can I use that as an expense? 2. What do you mean by " The ded...
by Streptococcus
Wed Oct 29, 2014 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 11
Views: 861

Tax question

As an employed physician, I lead a team of nurses and mid-levels.
If I offer meals, christmas gifts and even monetary bonuses to my staff can I deduct those expenses for tax purposes even If I am just an employee like them?
by Streptococcus
Fri Oct 17, 2014 11:52 am
Forum: Local Chapters and Bogleheads Community
Topic: Livesoft - Thank you
Replies: 44
Views: 6041

Livesoft - Thank you

Okay, this thread is not really about investing but I wanted to acknowledge and thank Livesoft for what he/she does for this forum. There are quite a few people who make this forum great and Livesoft is one of them.

Thank you :beer
I guess admin is going to lock this one up.
by Streptococcus
Fri Oct 17, 2014 10:21 am
Forum: Investing - Help with Personal Investments
Topic: another quick TLH question
Replies: 4
Views: 376

another quick TLH question

are these TLH steps appropriate? I'm tax loss harvesting VTIAX. 1. Stop automatic dividend reinvestments from Roth IRA (I hold VTIAX there too and I'm not replacing them) 2. replace VTIAX (vanguard total international) in taxable with VFWAX (FTSE all world ex-us)? 3. In 31 days, reexchange back to V...
by Streptococcus
Mon Oct 13, 2014 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Sorry, another wash sale question
Replies: 3
Views: 429

Re: Sorry, another wash sale question

The Vanguard Rep is correct. Not a wash. Suppose instead you sold all of your shares except for the 32.495+9.414 shares you bought on 9/22 and 9/23. Those shares would then be participating in a wash sale. So some of the loss in the sale of the other 1792.257-32.495-9.414 shares you sold would be a...
by Streptococcus
Mon Oct 13, 2014 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Sorry, another wash sale question
Replies: 3
Views: 429

Sorry, another wash sale question

I just called vanguard to inquire if I had incurred an accidental wash sale. Today 10/13, I basically sold all vanguard total international shares: 1,792.257 shares Then I realized that on 9/23, I reinvested dividends and bought 9.414 shares ( :oops:) and on 9/22 I had made a purchase for 32.495 sha...
by Streptococcus
Fri Oct 10, 2014 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting question
Replies: 1
Views: 261

Tax loss harvesting question

I will be Tax loss harvesting for the first time today and I just wanted to make sure that I do everything right. My total international stock index VTIAX has unrealized losses of a few thousands and I wanted to take advantage of that opportunity to sell and slice and dice international. I'm talking...
by Streptococcus
Tue Oct 07, 2014 4:38 pm
Forum: Investing - Theory, News & General
Topic: 35% marginal rate; backdoor roth or IRA
Replies: 4
Views: 401

Re: 35% marginal rate; backdoor roth or IRA

If my understanding is correct, if you're in the 35% bracket, that means your income is in the $400k-$450k range. My understanding is that she can make $5500 in contributions to an IRA, not $17.5k. If she's over the age of 50, she can put in $6500. But that contribution would not be able to be dedu...
by Streptococcus
Tue Oct 07, 2014 4:16 pm
Forum: Investing - Theory, News & General
Topic: 35% marginal rate; backdoor roth or IRA
Replies: 4
Views: 401

35% marginal rate; backdoor roth or IRA

My wife just started a new part time job; It is not a great pay (about 25K/year) and they don't offer any retirement or benefit. With my income, we are at the 35% marginal rate. We have contributed to the backdoor Roth IRA for the past several years, this year included. So: I have a 403b through my ...
by Streptococcus
Mon Jun 23, 2014 1:01 pm
Forum: Investing - Theory, News & General
Topic: Slice and dice and tilting the market
Replies: 14
Views: 1183

Re: Slice and dice and tilting the market

Some background: the reasons of this thread is that over the past 6 months, my portfolio reached a threshold were my IPS authorizes to tilt, if appropriate. I have been a 3 fund portfolio holder so far. A few months ago, I posted a few threads on SCV tilting as I was weighing in that option, and tha...
by Streptococcus
Mon Jun 23, 2014 12:52 pm
Forum: Investing - Theory, News & General
Topic: Slice and dice and tilting the market
Replies: 14
Views: 1183

Re: Slice and dice and tilting the market

David Swensen recommends a tilt on the domestic side to REITs, not SCV, and his last recommendation was to split international 60/40 developed/emerging. So that's a slice&dice/tilt that doesn't directly incorporate FF factors. Your portfolio looks like a somewhat simplified version of the Arons...
by Streptococcus
Mon Jun 23, 2014 12:14 pm
Forum: Investing - Theory, News & General
Topic: Slice and dice and tilting the market
Replies: 14
Views: 1183

Re: Slice and dice and tilting the market

So you mean tilt to small caps, but not to value? Or tilt to emerging markets which are typically large-caps? It seems like everyone tilts to US markets. My 401(k) plan has an S&P500 index fund and the extended market (mid/small cap) index fund. I use them, but not at market weights. Neverthele...

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