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Re: Need help buying health insurance

As I understand the law, as of January 1, 2014 insurers are not allowed to consider health status or ask about preexisting conditions on applications for new health insurance. Premiums charged on new policies can not be based on prior health status. Period. The recent exceptions and extensions that...
by make_a_better_world
Thu Mar 06, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help buying health insurance
Replies: 30
Views: 1368

Re: Need help buying health insurance

I am a physician and even I have trouble understanding these things sometimes. This is a very primitive explanation, but essentially the law has changed so that insurance companies cannot use pre-existing conditions anymore. Insurance will also now be sold through exchanges, where insurance companie...
by make_a_better_world
Wed Mar 05, 2014 10:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help buying health insurance
Replies: 30
Views: 1368

Re: THANKS, BOGLEHEADS, FROM JACK BOGLE

Dear Mr. Bogle, I am a young physician just getting my career started. A year ago I could not have defined what is a mutual fund. Financial advisers (and insurance salesman) have approached me unsolicited on almost a monthly basis at work in person and through the university email. They take us to d...
by make_a_better_world
Wed May 15, 2013 10:19 pm
 
Forum: Investing - Theory, News & General
Topic: THANKS, BOGLEHEADS, FROM JACK BOGLE
Replies: 39
Views: 5156

Re: 4% rule and dying broke

If you can give us the year of your death, I think we can make a much better calculation for you. Are you planning to live until your 60? 70? 85?
by make_a_better_world
Tue May 07, 2013 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 4% rule and dying broke
Replies: 62
Views: 6158

Re: harvard med school vs. penn med+full tuition scholarship

Cardiologist here (just finishing my fellowship in June). When you apply for residency your Step scores and clinical evals matter the most, and everyone takes the same exam. If you do great, you can absolutely get into a program like Harvard or Hopkins or UCSF for residency where you will be paid in...
by make_a_better_world
Sat Apr 20, 2013 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: harvard med school vs. penn med+full tuition scholarship
Replies: 115
Views: 9958

Re: I realize we're not supposed to market time

I really enjoyed reading those quotes, and I'm no expert but here's the way I see it right now. Market timing is analogous to predicting the future. The ways to profit from that ability are legion and not confined to picking stocks. Who is anyone to say the market will be no higher in four years tha...
by make_a_better_world
Sat Apr 20, 2013 9:48 pm
 
Forum: Investing - Theory, News & General
Topic: I realize we're not supposed to market time
Replies: 17
Views: 2024

Re: New proposed limits on IRAs

I just saw a previous post about it and the rule that pending legislation is off limits on this forum. I'm not sure how to delete the thread. [Just report the post using the "!" in the top right corner of every post, we'll take care of it. See: REPORTING VIOLATIONS AND UNWELCOME PMs --admi...
by make_a_better_world
Wed Apr 10, 2013 12:14 pm
 
Forum: Investing - Theory, News & General
Topic: New proposed limits on IRAs
Replies: 5
Views: 906

New proposed limits on IRAs

President Obama on Wednesday is expected to announce a plan that would prohibit individuals from reaping tax advantages on IRAs and other tax-preferred retirement accounts when the funds exceed $3 million.

http://money.cnn.com/2013/04/10/retirem ... ?hpt=hp_t4
by make_a_better_world
Wed Apr 10, 2013 11:52 am
 
Forum: Investing - Theory, News & General
Topic: New proposed limits on IRAs
Replies: 5
Views: 906

Re: Divorce and financial goals

travellight wrote:During the marriage, I also got hit for child support he owed from a previous marriage because we filed taxes married filing jointly.


Wow that is ridiculous! And people wonder why I am reluctant to get married.
by make_a_better_world
Mon Apr 08, 2013 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Divorce and financial goals
Replies: 23
Views: 2789

Re: Berkshire hathaway vs. closed-end fund

I agree with what some have said. Even if the price of Berkshire Hathaway was tied 1:1 with the specific value of the individual assets (which it is not), would you buy it if Buffet was not actively managing those positions? If the answer is no, then you must consider the actuarial odds. At the age ...
by make_a_better_world
Mon Apr 08, 2013 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: Berkshire hathaway vs. closed-end fund
Replies: 24
Views: 2009

Re: Financial advice for a newbie high earner

I can't thank everyone enough. Just to show I read every last word in this thread: I'm a guy, and I look forward to the prospect of being a target of young girls. As for the car, I'll probably end up somewhere in the middle. I'll get rid of my dear Toyota after I save some cash and get something new...
by make_a_better_world
Thu Mar 21, 2013 11:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial advice for a newbie high earner
Replies: 78
Views: 7072

Re: Financial advice for a newbie high earner

I can't thank all of you enough. I have made a Word document with many of the things mentioned in this thread to seriously look into.

For setting up the backdoor Roth- if I have a traditional IRA now with 3k in it, what should I do about this account? I have not contributed anything for 2013.
by make_a_better_world
Wed Mar 20, 2013 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial advice for a newbie high earner
Replies: 78
Views: 7072

Re: Financial advice for a newbie high earner

Ok so I can see the overwhelming consensus is to contribute maximally to both a 401(k) and a backdoor Roth (plus save cash). WorkToLive wrote: So long as you have no assets in any exising Traditional IRA, you can contribute $5,500 to a non-deductible Traditional IRA and then convert it to a Roth IRA...
by make_a_better_world
Tue Mar 19, 2013 5:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial advice for a newbie high earner
Replies: 78
Views: 7072

Re: Financial advice for a newbie high earner

Thank you so much to everyone! I just checked my benefits summary. My employer offers a 401(k) and a Roth 401(k) through Vanguard. The age limit for withdrawal is set at 65 instead instead of 59.5. After 1 year of employment, I am eligible for employer matching up to 4%. These retirement plans seem ...
by make_a_better_world
Tue Mar 19, 2013 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial advice for a newbie high earner
Replies: 78
Views: 7072

Financial advice for a newbie high earner

Dear Bogleheads, I am finally graduating after 4 years of college plus 11 years of additional training to be a cardiologist starting August 1. I have just signed a contract and will start at 550k salary. I have never had income remotely in the same universe as that, and I am essentially new to inves...
by make_a_better_world
Tue Mar 19, 2013 1:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial advice for a newbie high earner
Replies: 78
Views: 7072

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