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Re: Goldman-Sachs: bonds to 4%, 6% stock returns

This is a good time for that chart which Nisi posts (which I couldn't immediately find) which compared the predictions of "experts" vs. what interest rates actually do. The chart illustrates that then rates are increasing, experts consistently predict that they will level off or drop much ...
by neurosphere
Tue Aug 19, 2014 11:48 am
 
Forum: Investing - Theory, News & General
Topic: Goldman-Sachs: bonds to 4%, 6% stock returns
Replies: 12
Views: 1397

Re: How to find a business manager and/or FT accountant?

To me, this sounds like a systems problem. When my engineering firm was about that size, I invested in a big, expensive, accounting and project management software system. It was a big expense for the small company, but I knew I wanted to grow the company and we would need strong financial manageme...
by neurosphere
Thu Aug 14, 2014 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: How to find a business manager and/or FT accountant?
Replies: 14
Views: 803

Re: How to find a business manager and/or FT accountant?

This is pretty basic financial stuff that a competent business manager should be able to handle. Total revenues of $1M seems small for an engineering company in NYC. It might be challenging to hire someone who can setup and properly oversee these finances at a reasonable salary. Yes, it seems it sh...
by neurosphere
Thu Aug 14, 2014 8:37 am
 
Forum: Personal Finance (Not Investing)
Topic: How to find a business manager and/or FT accountant?
Replies: 14
Views: 803

Re: How to find a business manager and/or FT accountant?

I can suggest someone with experience in such a setting. The person is in jail though because they stole lots of money from their employer whose description matches the one you described. It was easy because the principals didn't know what was going on. Absolutely. There is a lot of potential for f...
by neurosphere
Thu Aug 14, 2014 8:34 am
 
Forum: Personal Finance (Not Investing)
Topic: How to find a business manager and/or FT accountant?
Replies: 14
Views: 803

How to find a business manager and/or FT accountant?

Hi all, I have another "friend in need" situation, in an area in which I can't really help. Personal finance? Yes, I can help. Practical help with the day to day financial operations of a business? Not so much. Anyway, in summary, my friend works as an employee (in a senior leadership type...
by neurosphere
Wed Aug 06, 2014 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to find a business manager and/or FT accountant?
Replies: 14
Views: 803

Re: Suggestions for Real Estate Attorney in NY/NYC?

Thanks all for your suggestions/help! I'm going to pass these suggestions onto my friend.

NS
by neurosphere
Wed Aug 06, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Real Estate Attorney in NY/NYC?
Replies: 7
Views: 638

Re: Creating a not for profit - itemized deductions question

Are you asking if you can set up your own charitable foundation, and then make personal donations to the charity which would then distribute the money? I'm certainly not an expert, but sure, people do this all the time. Just about every "super" wealthy person seems to have their own person...
by neurosphere
Tue Aug 05, 2014 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Creating a not for profit - itemized deductions question
Replies: 4
Views: 220

Re: HSA Strategy for high income earners

Keeping the records could be important if you take a lot out of the HSA in any one year; while I don't work for the IRS, I would assume that the IRS would see a $40,000 HSA withdrawal as a potential audit flag, just as it would see a $40,000 medical expense deduction. (Aside) 2 years ago my wife's ...
by neurosphere
Mon Aug 04, 2014 9:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 5518

Re: HSA Strategy for high income earners

Suppose one withdraws cash today from my HSA for bills incurred in the past. I assume one would only need to keep those receipts until the audit period has passed on the current tax return, i.e. three-ish years?
by neurosphere
Mon Aug 04, 2014 7:31 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 5518

Suggestions for Real Estate Attorney in NY/NYC?

Hi all, a dear friend has a big problem on her hands and needs professional help, and I told her I see if anyone here has a suggestion. She bought a starter apartment in a 600-unit co-op last year. It turns out there is all sorts of potential fraud going on among the president of the co-op (who also...
by neurosphere
Mon Aug 04, 2014 7:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Real Estate Attorney in NY/NYC?
Replies: 7
Views: 638

Re: HSA Strategy for high income earners

We started out that way, and then slightly modified so that small things we pay with the HSA debit card and big things we pay out of pocket. Simplifies record keeping. In my dotage I'll be happy not to have to track hundreds of $15 receipts for all kinds of Rx miscellany. I've recently come to the ...
by neurosphere
Sat Aug 02, 2014 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 5518

Re: Safe Harbor 401(k)

The 401(k) is a relatively small slice of my total portfolio, so I'm not losing sleep or anything.... (snip) So, since I don't know what it is, and I'm unlikely to find out, the follow up question is 1) do I include the balance of the 401(k) when calculating asset allocation and 2) if so, how do I ...
by neurosphere
Thu Jul 31, 2014 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Safe Harbor 401(k)
Replies: 15
Views: 1014

Re: Safe Harbor 401(k)

Wait. Clarify for me. You make employee elective contributions into your 401k, and have no say in how it gets invested? And when someone else invests it for you, you don't get told how it was invested for you? Something sounds fishy. There has to be more to this story. HR has to provide you with inf...
by neurosphere
Wed Jul 30, 2014 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Safe Harbor 401(k)
Replies: 15
Views: 1014

Re: How T-C members & family get TREA outside of employer pl

ralph124cf wrote:We often mention Roth 401(k)s here, but do Roth 403(b)s exist yet?

Actually, just today I was helping someone with choosing investments in their new job, at a University which has a Roth option within their 403b.
by neurosphere
Wed Jul 09, 2014 8:57 pm
 
Forum: Investing - Theory, News & General
Topic: How T-C members & family get TREA outside of employer plans
Replies: 15
Views: 1263

Re: How T-C members & family get TREA outside of employer pl

Interesting, thanks for the info. I do not have access to TIAA-CREF funds in my employer plan as of July 1. But I work for an eligible institution (teaching hospital). I wonder if the TC IRA which is available includes the ability to make Roth contributions. I further wonder if such IRA can be used ...
by neurosphere
Wed Jul 09, 2014 12:33 pm
 
Forum: Investing - Theory, News & General
Topic: How T-C members & family get TREA outside of employer plans
Replies: 15
Views: 1263

Re: Cannot qualify for physician disability insurance.

Hi Rad Doc. I empathize with your situation, in that my wife did not qualify for disability insurance due to a silly event in her medical history which (in my opinion as a physician) does NOT increase her chances of any disability personally, but which excludes her from coverage. First off, my advic...
by neurosphere
Sat Jul 05, 2014 6:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cannot qualify for physician disability insurance.
Replies: 30
Views: 2390

Re: Rick Ferri's Emergency Fund

Still Vanguard, but due to taxes I use Vanguard short-term tax exempt funds for my emergency cash. Thanks for asking. Rick Ferri It seems even with taxes the short term bond index fund would give you a higher yield (0.88% vs 0.30%). So why choose the tax exempt. I am just curious what I am missing ...
by neurosphere
Sat Jul 05, 2014 9:46 am
 
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Emergency Fund
Replies: 28
Views: 6398

Re: Terminate 401k plan. Open a Simple IRA.

I have a 401k plan for my business with the Online 401K. This is our second year and I have been extremely disappointed with their increasing fees. I just paid a $ 585 for a plan amendment and restatement fee and have been notified my fees are increasing by 10 percent. Mind you that this is only ou...
by neurosphere
Fri Jul 04, 2014 9:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Terminate 401k plan. Open a Simple IRA.
Replies: 5
Views: 667

Re: Mandatory 401k Plan Restatement For 1 Year Old Plan

Hi TroyHorse, any updates regarding this issue? Did you switch 401k providers?
by neurosphere
Fri Jul 04, 2014 9:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mandatory 401k Plan Restatement For 1 Year Old Plan
Replies: 18
Views: 1885

Re: finding an adviser/handholder for wife

why would a fee only planner agree to take on the risks that would normally be part of an AUM agreement for less money? Fiduciaries who manage assets are not going to work for walmart wages just because some investors want to pay for piece work when there are other investors who will pay the AUM fe...
by neurosphere
Wed Jul 02, 2014 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: finding an adviser/handholder for wife
Replies: 24
Views: 3401

Re: Longevity Insurance now allowed in IRA/401k/etc.

You would be better off buying Puerto Rico GO bonds because at least there is no default risk. If one lives to 105, which is the better deal, the annuity or the PR bonds? What about 99? Or perhaps 93? The point is, how can you possibly say one was "better off", without knowing the future....
by neurosphere
Wed Jul 02, 2014 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 5292

Re: Longevity Insurance now allowed in IRA/401k/etc.

I can answer this question, which apparently is unfathomable to a typical boglehead: Howe many 65 years olds live to 85? I don't plan to determine the answer to this question, because the result is not of interest to me. [Well, ok, I am interested, but not THAT interested]. But I AM interested in t...
by neurosphere
Wed Jul 02, 2014 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 5292

Re: finding an adviser/handholder for wife

You're way too worried about this. It would be good to have a discussion with the family about what you've done and why, but when you're gone you need to let the people that are left make their own decisions. Everybody will survive, and not necessarily be better or worse off because they might not ...
by neurosphere
Mon Jun 30, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: finding an adviser/handholder for wife
Replies: 24
Views: 3401

Re: Suggestions for teaching new MDs about finance?

If You Can: How Millennials Can Get Rich Slowly, Amazon.com (Kindle) or Free download from http://www.bogleheads.org/wiki/William_Bernstein Short and sweet! Yes, this. It's should the THE go-to "first" book for any young professional, and that includes MDs. Sadly, I too know many MDs who ...
by neurosphere
Sun Jun 29, 2014 11:02 am
 
Forum: Investing - Theory, News & General
Topic: Suggestions for teaching new MDs about finance?
Replies: 39
Views: 2716

Re: I'm livid -- Disability insurance dishonesty

I am surprised such a salesman is allowed on the wards or to stalk residents outside their workroom. For one thing it would seem to be a patient privacy issue. For another - I would think that the hospital has a policy against salespeople accosting people (even residents) in the halls for the purpo...
by neurosphere
Sat Jun 28, 2014 6:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm livid -- Disability insurance dishonesty
Replies: 11
Views: 3096

Re: New Research why Bogleheads prefer index funds.

Bootstrapping is a common statistical tool. Here is an example from wikipedia (http://en.wikipedia.org/wiki/Bootstrapping_(statistics)): As an example, assume we are interested in the average (or mean) height of people worldwide. We cannot measure all the people in the global population, so instead ...
by neurosphere
Sat Jun 28, 2014 4:51 pm
 
Forum: Investing - Theory, News & General
Topic: New Research why Bogleheads prefer index funds.
Replies: 8
Views: 1425

Re: I'm livid -- Disability insurance dishonesty

I believe the discount is 10% for mental/nervous exclusion and 20% for the multi life, for a total of 30%. Thanks for the clarification Bru, now I am 20% less livid. :) Based upon these numbers, you should actually be 66.67% less livid. :wink: I KNEW someone would point that out. And I figured ther...
by neurosphere
Fri Jun 27, 2014 7:51 am
 
Forum: Personal Finance (Not Investing)
Topic: I'm livid -- Disability insurance dishonesty
Replies: 11
Views: 3096

Re: I'm livid -- Disability insurance dishonesty

I believe the discount is 10% for mental/nervous exclusion and 20% for the multi life, for a total of 30%. Thanks for the clarification Bru, now I am 20% less livid. :) I assumed perhaps it was 20% exclusion and 10% multi-life. Fyi, for the those unfamiliar with the term, multi-life discounts apply...
by neurosphere
Fri Jun 27, 2014 7:37 am
 
Forum: Personal Finance (Not Investing)
Topic: I'm livid -- Disability insurance dishonesty
Replies: 11
Views: 3096

I'm livid -- Disability insurance dishonesty

[I'm not sure the post below is actionable. Perhaps it stands as a general warning to folks to ask questions, always be skeptical and be an advocate for oneself?] I am physician. I was at a conference a couple of weeks ago which was mostly attended by residents and fellows, and of course the convers...
by neurosphere
Thu Jun 26, 2014 8:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm livid -- Disability insurance dishonesty
Replies: 11
Views: 3096

Re: Suggestions for 1-2 Days in NYC?

livesoft wrote:For the American Museum of Natural History, can you figure out how the life-size blue whale is hung from the ceiling? (No google-ing!)

That's easy, lots and lots of very thin transparent fishing wire.

Or wait, maybe it's magnets? Yes, that's it, definitely magnets. :D
by neurosphere
Sun Jun 22, 2014 10:35 pm
 
Forum: Personal Consumer Issues
Topic: Suggestions for 1-2 Days in NYC?
Replies: 51
Views: 3361

Re: When not to choose a traditional ira account?

Angelus359 wrote:Traditional IRAs and Roth conversions are state tax exempt.

This statement is not 100% true as written for all people. I'll leave it to the reader to determine in which cases the statement is true, and in which cases it is not. :wink:

Neurosphere
by neurosphere
Sun Jun 15, 2014 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: When not to choose a traditional ira account?
Replies: 6
Views: 576

Re: CPA Advice - Understanding Owner Equity/Owner Loan

To start our business (a sole prop) we used personal money to fund the start up. Wait, who is "we"? I assume it's your spouse, and you file jointly. If your file your taxes as a sole proprietorship, you don't have to account at all for the personal money you used to start the business, ex...
by neurosphere
Sat Jun 14, 2014 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPA Advice - Understanding Owner Equity/Owner Loan
Replies: 13
Views: 775

Family HSA/HDHP: Effect of mid-year switch?

Hi all, I have a question about HSAs. I have read Pub 969, but am not positive how to apply the information there to our situation. For all of 2013, my wife and I had an HDHP through her employer, and contributed the family maximum to an HSA through her cafeteria plan. For the first 6 months of 2014...
by neurosphere
Fri Jun 13, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Family HSA/HDHP: Effect of mid-year switch?
Replies: 1
Views: 234

Re: Can/Should I suspend Social Security Benefits?

Everything is by the month. The delayed retirement credit is 8/12% per month of delay (2/3% per month for those who ordinarily reduce their fractions). I like to reduce my fractions. I find it intensifies the flavor. http://en.wikipedia.org/wiki/Reduction_(cooking) (sorry, I really tried to stop my...
by neurosphere
Thu May 22, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can/Should I suspend Social Security Benefits?
Replies: 24
Views: 1329

Re: Mandatory 401k Plan Restatement For 1 Year Old Plan

And it can be as low as 0.04% if you use TD Ameritrade as your custodian. I just want to stress that for me the issue not the magnitude of the fee itself. I consider 0.08 and 0.04% to be basically the same (both very very low), when compared to most plans (i.e. my employer plan which has a 0.25% as...
by neurosphere
Wed May 21, 2014 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mandatory 401k Plan Restatement For 1 Year Old Plan
Replies: 18
Views: 1885

Re: Mandatory 401k Plan Restatement For 1 Year Old Plan

Switch to Vanguard or Fidelity. They don't charge any of these fees. I'm not sure that's possible for a 401k plan with employees. For a solo 401k, yes, either Fidelity of Vanguard has quite acceptable plans. But once you add an employee, you've got to go elsewhere. Employee Fiduciary and Online 401...
by neurosphere
Tue May 20, 2014 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mandatory 401k Plan Restatement For 1 Year Old Plan
Replies: 18
Views: 1885

Re: Restaurants in New York City?

Have lived in Manhattan for 8 years, and one of our favorite places to eat is Pio Pio: http://www.piopio.com/locations/upper-east-side.html This is our go-to place of any out-of-town guest who doesn't want to spend $100 per person for dinner, and who doesn't want to eat at a food truck (although, I ...
by neurosphere
Tue May 20, 2014 10:32 pm
 
Forum: Personal Consumer Issues
Topic: Restaurants in New York City?
Replies: 42
Views: 2760

Re: Mandatory 401k Plan Restatement For 1 Year Old Plan

Take from that what you will. I've had a pretty abysmal experience with The Online 401(k) with numerous other issues. For anyone considering them, I would definitely not recommend them. Can you briefly outline some of the other issues you have had with online401k? Poor customer service? Other undis...
by neurosphere
Mon May 19, 2014 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Mandatory 401k Plan Restatement For 1 Year Old Plan
Replies: 18
Views: 1885

Re: Question regarding social security payments for physicia

Another thing to consider. In the past 8 years as either a resident or faculty (including being an associate residency program director), I have not met one resident that contributed anything to their 401k. So the SS contributions you might otherwise have had are instead going into your 401a. You ma...
by neurosphere
Sat May 17, 2014 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question regarding social security payments for physicians
Replies: 15
Views: 1334

Re: Question regarding social security payments for physicia

I had a blog post which addressed the issue of SS benefits for physicians at http://www.sotirioskeros.com/2014/04/12/socialsecuritybenefits/, which graphs the possibility of earnings depending on your retirement age and the age you begin collecting benefits. But it assumes that one has about $60,000...
by neurosphere
Sat May 17, 2014 10:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question regarding social security payments for physicians
Replies: 15
Views: 1334

Re: Group provided Variable Universal Life

She will be charged an imputed income on 50,000 of the policy. She already has a group term policy of $100,000 in place. So I assume she'll pay imputed income on the entire $100,000 of the new policy? That is, if this variable policy is in addition to the term, and not a replacement. These are the ...
by neurosphere
Thu May 15, 2014 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Group provided Variable Universal Life
Replies: 6
Views: 289

Re: Group provided Variable Universal Life

If you can't get the money as an income instead then sure take the free gift. I'd still have adequate term in place. Of course, not a substitute for term. The premiums amount to $400/year, and there is no way to get that money as cash instead. It's a standard benefit for all employees with her titl...
by neurosphere
Thu May 15, 2014 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Group provided Variable Universal Life
Replies: 6
Views: 289

Group provided Variable Universal Life

Hi all, I had a long post written and when I hit submit (or possibly preview) I lost it and got this error: SQL ERROR [ postgres ] Errno 2: pg_connect(): Unable to connect to PostgreSQL server: FATAL: sorry, too many clients already [] An sql error occurred while fetching this page. Please contact a...
by neurosphere
Thu May 15, 2014 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Group provided Variable Universal Life
Replies: 6
Views: 289

Re: Start an Investment Company

I conducted my own research to the people who think ETF > single stocks. If you threw your money into an MLP instead of ETF, you will make more money hands down. I could do this all day. https://drive.google.com/file/d/0B5j_2s2rikU2Qk9OMllaZno5QmM/edit?usp=sharing I don't understand your chart. Can...
by neurosphere
Mon May 12, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Start an Investment Company
Replies: 33
Views: 2483

Re: Start an Investment Company

Can we have a link to some of those many studies (from an independent source)? While I might agree index funds will beat the majority of stockpickers, I think the 97% might be a tad high. And whats your time frame? Index funds have only been around in numbers for about 30 years. I don't consider th...
by neurosphere
Mon May 12, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Start an Investment Company
Replies: 33
Views: 2483

Re: Home Ownership a Financial Threat to Seniors

She had a $250,000 exclusion though, right? So she walked away with $250,000 plus something like at least another $75,000? I think that's correct, yes. After divorce wife owns house. Because of divorce, she files single. Because she is single, there is only a $250,000 capital gains tax exclusion. S...
by neurosphere
Sat May 10, 2014 6:51 pm
 
Forum: Investing - Theory, News & General
Topic: Home Ownership a Financial Threat to Seniors
Replies: 11
Views: 1866

Re: I like the investment strategy , not really the lifestyl

I assumed that the OP is single. But another benefit of delayed gratification is that it's a form of life insurance if one has a spouse or kids. Or if one plans to have a spouse or kids. Your spouse and kids might "marry into" your retirement money. And you may die younger than expected, b...
by neurosphere
Thu May 08, 2014 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: I like the investment strategy , not really the lifestyle
Replies: 67
Views: 6645

Re: I like the investment strategy , not really the lifestyl

My biggest issue is what if I don't make it to retirement . I forgo living my life now to make sure I can live pretty when I am old , but what if my quality of life diminishes to the point I wouldn't be able use the money in a way I would like to . Your problem is that you view retirement in the ab...
by neurosphere
Thu May 08, 2014 7:54 am
 
Forum: Personal Finance (Not Investing)
Topic: I like the investment strategy , not really the lifestyle
Replies: 67
Views: 6645

Re: "The Simplest Wealth Plan Ever"

I think the difficult part is that 15% savings rate AND the ability to keep it going, month after month, year after year. Trudge, trudge. I met with a medical resident yesterday to help her choose benefits in her new job as a fellow. She is getting a large-ish raise, and moving to a much lower cost...
by neurosphere
Wed May 07, 2014 7:52 pm
 
Forum: Investing - Theory, News & General
Topic: "The Simplest Wealth Plan Ever"
Replies: 26
Views: 4708

Re: What is the maximum social security benefit?

Given the constancy of your scenario, let's assume medicare never changes either. That makes the benefit 3436.78 - 104.90 = 3331.88 before rounding and $3331 as the paid benefit. Thanks for that medicare piece, sscritic. Most people will have signed up for part B at that point. A notable exception ...
by neurosphere
Wed May 07, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is the maximum social security benefit?
Replies: 29
Views: 2834
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