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Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

I've driven all that you have mentioned... You need to determine what is most important to you. With our first child, we went with a Tahoe (actually a Yukon... same difference). As out second came along, we wanted more space. We travel a fair amount plus have two dogs. We looked for a Suburban and e...
by TroutMD
Tue Jul 15, 2014 12:43 am
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 57
Views: 4276

Re: Anyone use Wells Fargo Bank?

I use them strictly for banking and I love them. I have a PMA account so there are no fees, free checks, free wires. I DO NOT use their 'wells trade' people, although they used to hound the heck out of me. They wanted to meet with me, which I obliged. Then there was a constant hassle even offering f...
by TroutMD
Fri Jul 04, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Wells Fargo Bank?
Replies: 57
Views: 7560

Re: Tesla: How is my financial health? and HELOC vs Loan

My dad once told me a car should never be more than 10% (ideally 5%) of someones net worth. Many people don't do this, but you could consider waiting a few years and then getting the car once you are in a better financial position - if you really still want it then, you should get it. Also, you pla...
by TroutMD
Wed Jun 04, 2014 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Review my financial health. [Was - Tesla: HELOC vs Loan]
Replies: 93
Views: 4926

Re: Fighting a scamming company

Maybe it is wrong/illegal to do so but....

Fake bill would get a freshly printed fake check
from me. Let the sleezy company get a bounce fee...
by TroutMD
Mon May 19, 2014 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Fighting a scamming company
Replies: 13
Views: 1685

Re: Setting up Parents Portfolio...

Just wondering... Why do you think you should take responsibility for your parent's "future" (asking as a 66 year old, and my childern telling me what I must/should do). - Ron Hello: Fair enough question... I am not sure I view this as taking responsbility for their future, but more shari...
by TroutMD
Sat Mar 15, 2014 12:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Setting up Parents Portfolio...
Replies: 8
Views: 325

Setting up Parents Portfolio...

Hello: I have been following advice on here for just over a year and have had great success with things. I convinced my parents to transfer their retirement account (Standard IRA) from Wells Fargo Advisors to Vanguard. It took us a few months for WF to liquidate and transfer, but its finally in the ...
by TroutMD
Sat Mar 15, 2014 12:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Setting up Parents Portfolio...
Replies: 8
Views: 325

Pension Rollover?

My wife is considering leaving her job in the next 6-12 months (we've been here before, but I think it likely will happen this time). She does very well, but works from home/commutes on occasion via 2 hour plane ride, we have two kids, and my salary alone MORE than covers living, retirement, etc. Sh...
by TroutMD
Mon Mar 03, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension Rollover?
Replies: 2
Views: 166

Re: Percentage of assets at Vanguard also active vs index

We have about 70% at Vanguard and the rest is at Fidelity. The ONLY reason some is with Fidelity is because that is where my wife's employers 401K stuff is at. If she ever left/quit, that would be transferred to Vanguard. I did not include in the above, but we use Wells Fargo solely for our banking ...
by TroutMD
Wed Feb 19, 2014 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Percentage of assets at Vanguard also active vs index
Replies: 23
Views: 1210

Re: My portfolio for review. Overhaul ready!

I am just curious what 'a ton of money' is? I guess its all relative.

If you believe you are 'very risky' and can stand to take a 30% loss.. that's not 'very risky'. 100% stocks is more likely to see a 50-60% swing...


Good luck regardless, you are going well for your age. Just don't screw it up!
by TroutMD
Sat Feb 15, 2014 11:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: My portfolio for review. Overhaul ready!
Replies: 21
Views: 1360

Re: High Earners - What's Your Profession?

Wife is a petroleum/chemical engineer and works from home and makes >100k.

I am a physician so I do well too.

We have been blessed with our income and fortunately always frugal and bogleheads early in our careers!
by TroutMD
Mon Jan 13, 2014 11:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28296

Re: Question about pension

Also remember that you will need to pay taxes on the lump sum...
by TroutMD
Sat Jan 04, 2014 1:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about pension
Replies: 23
Views: 1352

Re: Portfolio Help: 26 and Pregnant

Texas resident, a two year old and 3 month old. We utilize Utahs 529 plan with three funds. Total stock 60%, total international 30%, and total bond 10%. Like you we did a lump sum at birth for each and contribute at each birthday that we will adjust as we determine our final number of kids. Good lu...
by TroutMD
Wed Dec 18, 2013 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help: 26 and Pregnant
Replies: 14
Views: 1232

Re: Timing of SEP IRA Contributions

Help me clear something.... Are you not Tax Deducting your SEP contribution? I thought the rollover thing was used for people for income out of deductible IRAs and this cannot contribute to a Roth either so they give to a trad IRA post tax then roll to the Roth? Sep should always be pre tax dollars;...
by TroutMD
Wed Dec 18, 2013 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Timing of SEP IRA Contributions
Replies: 6
Views: 347

Re: physician 2.5 years out of training

Another doc here, 2.5 years out of training as well.

I feel bad to see my colleagues in such positions as yourself.

I just want to reiterate what everyone else has said, SALE THE CAR!

Also, Listen to EmergDoc.


Good luck...
by TroutMD
Wed Dec 11, 2013 12:45 am
 
Forum: Investing - Help with Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 6261

Been almost a year, Rebalance and Adding - How am I doing?

We went 'all in' last Jan/Feb and got are 'finances' straightened out the 'Boglehead Way' and could not be happier with our investments! We sat down to look at things today and to get ready to make our SEP contribution for the year. Since February, we have not closely evaluated our portfolio. I do l...
by TroutMD
Fri Dec 06, 2013 12:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Been almost a year, Rebalance and Adding - How am I doing?
Replies: 2
Views: 603

Re: how much more expensive is a bigger home?

As some people already point out, its all those 'other' costs which do tend to add up... quickly. I live in Texas, great as there is no state income tax, but they make up for that in property tax! You can easily pay an extra 1K a month on taxes alone making that jump. Insurance and maintenace will b...
by TroutMD
Sun Nov 17, 2013 5:04 pm
 
Forum: Personal Consumer Issues
Topic: how much more expensive is a bigger home?
Replies: 68
Views: 4964

Re: Help with Med School Refinance

Another physician here... As others said, I have hear that 200-300 is becoming not far from the norm, but I had never heard of 600K! I just wanted to reiterate what others said, forget almost everything else in life and pay off these loans ASAP. I would give it a 6 year goal MAX, and hopefully decre...
by TroutMD
Sat Nov 16, 2013 1:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Med School Refinance
Replies: 17
Views: 1683

Re: Anybody pay for college 100% out of 529 plan assets?

We have a two year old and a 6 week old, both have Utah 529 plans. We are Texans. We put 20K in at birth, and 1K each birthday. The AA is 60% Total Stock, 30% Total Int, and 10% Total Bond. The 2 year old has almost 28K, the 6 week old got 20K deposited less than 2 weeks ago and is flat. No clue whe...
by TroutMD
Sun Nov 03, 2013 10:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Anybody pay for college 100% out of 529 plan assets?
Replies: 28
Views: 2982

Re: physician needs advice on small business 401-k

Can you change it so that you are ICs to the Corporation? That way everyone can do a SEP IRA and do what they want with their own contributions?
by TroutMD
Tue Oct 29, 2013 9:47 am
 
Forum: Personal Finance (Not Investing)
Topic: physician needs advice on small business 401-k
Replies: 20
Views: 1722

Re: Learning about buying real estate

Emergency physician here also...

Big words of advice, the best thing we can do to make more money is to work another shift. Tons of docs before us have lost lots of money in real estate...

As good as it theoretically sounds, don't do it...
by TroutMD
Sun Oct 13, 2013 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Learning about buying real estate
Replies: 17
Views: 1211

Re: Thoughts on real estate?

i posted earlier about cashing in my bonds. a friend of mine feels its best at this point to invest in hard assets like real estate. i really would like to buy a condo in my bldg but i dont feel ready to take on this responsibility and am worried about my job security. however, if i cash in my shor...
by TroutMD
Sat Sep 28, 2013 10:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on real estate?
Replies: 10
Views: 1027

Re: Land Purchase? Convince me to jump!

Thanks again for the replies. The gist I have gathered here... 1.) We can afford something in this price range and paying cash is likely the best option. I talked to a few more land banks, the best rate I found was a 5 year note at 3.9%, but there is a 1% origination fee. Also, its a coop program wh...
by TroutMD
Tue Sep 24, 2013 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Land Purchase? Convince me to jump!
Replies: 22
Views: 2312

Re: Land Purchase? Convince me to jump!

This purchase would be less than our yearly income, probably near our income minus taxes/basic retirement. It would be less than a quarter of our net worth minus our debts. The issue with a lease is that they are VERY volatile. Land owners change hands, grandpas sons want to hunt so they kick the le...
by TroutMD
Sun Sep 22, 2013 10:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Land Purchase? Convince me to jump!
Replies: 22
Views: 2312

Re: Land Purchase? Convince me to jump!

Just a few more additions I was maybe not clear on.. This property would be within a 30 mile radius of my parents and my brother, which is my 'home town' area. We live 200 miles away from 'home'. Anytime we would go to 'visit' the 'ranch', we would stay at my parents. Im not saying building a shelte...
by TroutMD
Sun Sep 22, 2013 6:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Land Purchase? Convince me to jump!
Replies: 22
Views: 2312

Land Purchase? Convince me to jump!

We became a Boglehead follower at the beginning of the year and have never looked back; the markets have done well since then obviously so I still need some downward roller coasters to prove my existence. I have a great portfolio setup that is in the high mid 6 figures that has been evaluated here a...
by TroutMD
Sun Sep 22, 2013 11:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Land Purchase? Convince me to jump!
Replies: 22
Views: 2312

Re: Former student advice

Doctor here... 5k/yr is not going to make much of a difference to her in life if she does become a physician. What would make a difference is going to Cayman this year, maybe Europe next year, maybe NYC, etc... I agree with a small emergency fund; otherwise if she IS doing well (all As with few to n...
by TroutMD
Mon May 27, 2013 9:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Former student advice
Replies: 17
Views: 1206

Re: Medical Resident: When Should I Get Disability Insurance

I bought it at the start of my final year of residency. I was moonlighting so my income had increased and I could easily afford it. I have 10K DI/Month with own onc; it costs about $4400 per year with Mass Mutual. I am not very pro insurance, but I do think this makes sense. If I can no longer be a ...
by TroutMD
Sun May 12, 2013 6:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Medical Resident: When Should I Get Disability Insurance
Replies: 80
Views: 3489

Re: Mom demands trust be professionally managed

As others said, I don't think 0.7% is a 'terrible' professional fee. Especially in this situation, where if we hit a down turn over the next 5 years, everyone will blame you for the losses. Now, if they put you in 2% load fees on top of the 0.7, then that's what would [stink --admin LadyGeek] . I wo...
by TroutMD
Thu Apr 25, 2013 11:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Mom demands trust be professionally managed
Replies: 67
Views: 4125

Re: How to Invest a Cash Lump Sum?

10 different ETFs? That sounds like a lot but that is not your question.

Most everyone on here favors to just 'go for it' and put it all in at once. It has been shown to work out better that way..
by TroutMD
Mon Apr 15, 2013 11:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to Invest a Cash Lump Sum?
Replies: 13
Views: 1525

Re: should we refinance?

Yes, a 15 year note is cheaper and saves you considerably because you have 15 years less interest! The downside is the increased payment, which is a big issue to many people. We just refi to a 10 year note (from a 15) at 2.75% (down from 4.375%). Our payments are more (considerably more than a 30), ...
by TroutMD
Sat Apr 06, 2013 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: should we refinance?
Replies: 15
Views: 1535

Re: I wish the market wasn't so high! Hold out for a fall?

If I had a 25 million windfall today, I wouldn't put all if it into the stock/bond market either. why does this person need to do that? Or did I misread something. But where else would you put it? $25 million? I'd put it in FDIC-insured savings accounts and CDs. Once I've won the game, I'm taking m...
by TroutMD
Fri Apr 05, 2013 2:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: I wish the market wasn't so high! Hold out for a fall?
Replies: 58
Views: 7603

Re: My Review of Vanguard's Financial Plan

I moved over $100k (less than $500k) of assets to Vanguard this week and was offered a free conversation with a CFP as well. He basically recommended the three fund portfolio but with California Intermediate-Term Tax Exempt in place of Total Bond Market due to my tax rate. I told him I wanted to ti...
by TroutMD
Fri Apr 05, 2013 2:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Review of Vanguard's Financial Plan
Replies: 55
Views: 6209

Re: Move into rental property? I need your advice.

Another option, let the renters decide for you.

Lease renewal only if they pay X amount more. I am not sure you can do a $400 increase, but I would shoot for $200 more per month. Your arguments can be that the housing market is slightly better now?

I'll defer the other questions to someone else.
by TroutMD
Sun Mar 31, 2013 10:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Move into rental property? I need your advice.
Replies: 13
Views: 1427

Re: Financial advice for a newbie high earner

I am an EM physician and my wife is a professional; there are several docs on here. I am 32 and have been out 1.5 years. BIG TIME words of wisdom I have gathered and tried to live by: Rent first, buy later and DONT BUY TOO MUCH! If you are 'returning home' or going to an area that you have prior his...
by TroutMD
Wed Mar 20, 2013 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial advice for a newbie high earner
Replies: 78
Views: 7295

Re: Seller Financed Loan Coming to Maturity

You need to contact a lawyer.. You are a second mortgage; its a bit risky position to be in. If he defaults on the first mortgage, you need to go to the courthouse and purchase the note in order to protect your interest. It can get complicated. Hopefully, he refinances and everything works out. If n...
by TroutMD
Thu Mar 14, 2013 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Seller Financed Loan Coming to Maturity
Replies: 11
Views: 554

Re: investing a windfall

I was very skeptical at first, we jumped a few months ago. The best quote I heard?..... There has ALWAYS been a new high! We dumped a decent sized portoflio in a few months ago.. ON a new high! If we sold today, we would make almost 10K. And guess what, a few more new highs since then! There will al...
by TroutMD
Wed Mar 06, 2013 10:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing a windfall
Replies: 9
Views: 775

Re: Need to Push to Leave Broker/Become Own Financial Adviso

My family is just over 10 years younger than you guys and we 'made a leap of faith' a few months back. I am also an Emergency Physician... Maybe ironic, maybe its just who Emergency Medicine attracts, but at least lately, there have been MANY posts from EM physicians. You can look at my topic here: ...
by TroutMD
Wed Mar 06, 2013 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need to Push to Leave Broker/Become Own Financial Advisor
Replies: 100
Views: 6368

Re: buying a gold coin from individual

I bought a 2.5 carat diamond off of Craigslist... I would suggested going for it, but demand to meet at a coin shop. Be there 10 mins early, tell the coin shop owner you are meeting someone where to buy a coin. Tell him you will give him 10-20 bucks to authenicate it to the best of his ability. I am...
by TroutMD
Wed Mar 06, 2013 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: buying a gold coin from individual
Replies: 54
Views: 3373

Re: Salaried AND independent contractor tax questions

Let me make this VERY easy for you..

You are a proffesional now with a six figure income. HIRE an accountant!
by TroutMD
Sat Mar 02, 2013 12:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Salaried AND independent contractor tax questions
Replies: 4
Views: 522

Re: Is Med School still a good financial investment?

Another Emergency Physician putting in my 0.02. As has been said, DO NOT decide to go or not go to medical school based on a financial decision. If that is what is motivating you, then GET OUT now and dont go down the path. I would agree that you can tend to work hard in something else, that you do ...
by TroutMD
Sat Mar 02, 2013 12:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Med School still a good financial investment?
Replies: 123
Views: 7855

Re: Well compensated, not so knowledgeable Dr.=BEGINNER!

I am a new Physician and my wife is a professional as well. We just recently 'jumped'; my last outline of our situation and final plans can be found here: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=110725 I read a lot; and much like you we have a substantial cash reserve that I know is ...
by TroutMD
Mon Feb 25, 2013 12:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Well compensated, not so knowledgeable Dr.=Beginner
Replies: 107
Views: 9757

Re: Can I stop saving and just coast now? (Early retirement)

How do you know you will be healthy at 50?

Probably a grand a month right now for health insurance..
by TroutMD
Wed Feb 20, 2013 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I stop saving and just coast now? (Early retirement)
Replies: 38
Views: 2913

Re: Update: New Professionals Jumped in Full Force, Suggesti

I started the request to get that Roth 401K sent over the my Vanguard account. I ditched the Small Cap Index and Mid Cap Index, and instead bought the Small Cap Value Index Admiral. That sounds to be a more appropiate 'tilt'. I've read the back and forths on Tilt vs not; for now at least, we want to...
by TroutMD
Tue Feb 12, 2013 5:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Update: New Professionals Jumped in Full Force, Suggestions?
Replies: 4
Views: 1024

Re: Getting off the sidelines

I jumped all in over the past few weeks.

I agree, it was difficult because 'its a high'... but there is ALWAYS another high.

Bite the bullet and do it and forget it!
by TroutMD
Mon Feb 11, 2013 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Getting off the sidelines
Replies: 13
Views: 1830

Update: New Professionals Jumped in Full Force, Suggestions?

For reference, here is our prior post. http://www.bogleheads.org/forum/viewtopic.php?f=1&t=109349 Emergency Funds: Covered Debt: 326K primary mortgage - 15 year note @ 4.375%; 2 years into it - Plan to refinance. Appraisal when bought was 500K; paid 455K. UPDATE: Debt 326K primary mortgage - Ref...
by TroutMD
Sun Feb 10, 2013 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Update: New Professionals Jumped in Full Force, Suggestions?
Replies: 4
Views: 1024

Re: how to start investing at market highs?

My wife and I struggled over this.. "New Market Highs" and all this talk of 'Coming Bond Market Bust"... How the heck do we jump in now. We just puter about 60% of our net worth into a boglehead portfolio. We have most of it placed and should have the rest by the middle of this coming...
by TroutMD
Sun Feb 03, 2013 7:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: how to start investing at market highs?
Replies: 40
Views: 4210

About to Jump - Please Evaluate our Portfolio Plans

We (wife and I) have been doing various readings of this site and others; we posted some questions not long ago and after gathering more data, I am placing it in a more 'approipate' manner to this forum for feedback. We are both professionals, I work full time, she recently started working part time...
by TroutMD
Sun Jan 20, 2013 2:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: About to Jump - Please Evaluate our Portfolio Plans
Replies: 4
Views: 885

Clueless and Need Help with Investments...

I will get our information together better and repost!
by TroutMD
Tue Dec 25, 2012 12:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Clueless and Need Help with Investments...
Replies: 2
Views: 373

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