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Re: WHY is retirement enjoyable / something to look forward

forgive me if something similar has been mentioned already up-thread... But when I give financial planning lectures to younger people, I tweak the definition of retirement for them: "Retirement is NOT the day you stop working, but is instead the day you COULD stop working if you wanted". I...
by neurosphere
Tue Dec 16, 2014 12:00 pm
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 141
Views: 8325

Re: Medical Necessity and the Insurance Appeals Process

I've never had a clients claim denied after getting a letter of explanation from the physician recommending treatment. Does it happen? Probably, but I've been in the business almost ten years with hundreds of clients and never had a problem case like that. I suspect the percentage of claims denied ...
by neurosphere
Tue Dec 16, 2014 8:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1138

Re: Medical Necessity and the Insurance Appeals Process

Usually the insurance company will approve an appeal if they receive a written letter from the physician stating that the recommended treatment is medically necessary. Not true at all. "Medical necessity" is an insurance term, not a medical term. The insurance decides what is "medica...
by neurosphere
Tue Dec 16, 2014 8:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1138

Re: Medical Necessity and the Insurance Appeals Process

No offense, you must either practice in academics or have back office staff handle your paperwork without you looking at it. EVERY piece of PA for ANY test or procedure clearly states at the bottom that this does not guarantee payment. Ha, no offense taken at all, I indeed work in academics, and wo...
by neurosphere
Tue Dec 16, 2014 7:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1138

Re: Social Security maximum earnings limit question.

In other words, in the calculations does one year of $118k earning make up for several years of early earnings when maximum was like $36k? In an nutshell, no. One year of earnings which is exactly at the earnings limit, is worth the same (in terms of your benefits) regardless of when it was earned....
by neurosphere
Mon Dec 15, 2014 8:35 am
 
Forum: Investing - Theory, News & General
Topic: Social Security maximum earnings limit question.
Replies: 11
Views: 727

Re: Humidifiers?

I love my venta airwasher (https://www.venta-airwasher.com/). But it is expensive.
by neurosphere
Sun Dec 14, 2014 8:18 pm
 
Forum: Personal Consumer Issues
Topic: Humidifiers?
Replies: 14
Views: 964

Re: Medical Necessity and the Insurance Appeals Process

If there was written proof that the insurance company authorized the testing then i would have the patient take his/her case to the state insurance commissioner. Agreed. In this case, the insurance company incorrectly authorized test. That is, they gave pre-approval for a test which was not covered...
by neurosphere
Sun Dec 14, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1138

Medical Necessity and the Insurance Appeals Process

Hi all, I've written a couple of blog posts which may be of interest to some folks here, as it relates somewhat to the cost of medical care, and the potential of health care services being denied. These posts were prompted by experiences I have had with patients getting coverage denied for decisions...
by neurosphere
Sun Dec 14, 2014 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1138

Re: Debt payoff scheme

An EE bond should not be treated as liquid; yes, you can cash it in after one year, but you'll lose the 3.5% interest accrued, which is a huge cost. I bonds (three-month penalty after one year, no penalty after five years), TIPS, or municipal bonds would be more suitable as safe, liquid investments...
by neurosphere
Sat Dec 13, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff scheme
Replies: 11
Views: 1058

Re: Debt payoff scheme

Let's phrase your question another way. Would you consider buying a bond today which paid a risk-free guaranteed, after-tax 6%? Just about anyone would jump at such a chance include such bonds in the bond portion of their portfolio. In one sense, paying down your loan is equivalent to buying such a ...
by neurosphere
Sat Dec 13, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff scheme
Replies: 11
Views: 1058

Re: Roth IRA is not completely free of tax considerations?

runner 9 is correct. So can you clarify for us, that 1) you have an existing Roth IRA, in which you own the SP500, and that 2) you wish to sell this fund in order to buy individual stocks also within the Roth IRA 3) Vanguard told you that this sale would trigger capital gains tax? If 1 and 2 are tru...
by neurosphere
Sat Dec 13, 2014 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA is not completely free of tax considerations?
Replies: 19
Views: 2469

Re: Bogleheads.com and FPL Capital Management

As long as we're on the topic, what's the deal with the common misspelling "vangard.com"? Registered to VG, but not redirecting? I think it's a reasonable thing to buy variations/typos and NOT have them redirect. It forces one to ensure they type things correctly and/or use bookmarks. Bec...
by neurosphere
Mon Dec 08, 2014 6:56 pm
 
Forum: Forum Issues and Administration
Topic: Bogleheads.com and FPL Capital Management
Replies: 30
Views: 2505

Bogleheads.com and FPL Capital Management

If one uses ".com" instead of ".org" for the bogleheads website you get taken to the site FPL capital management. Now, I don't know much about this advisory firm, but I sure as heck wouldn't recommend anyone use them, simply because I think it's poopy that such a firm would hijac...
by neurosphere
Sat Dec 06, 2014 8:55 pm
 
Forum: Forum Issues and Administration
Topic: Bogleheads.com and FPL Capital Management
Replies: 30
Views: 2505

Re: Does contributing to 457b make sense in my situation?

Thanks for the replies. I will stay away from 457 at least for now. Hi katnok. I've been reading all of the non-gov 457b threads with interest, because I'm contemplating a job change where I would have access to one for the first time. For many years I have counselled friends and clients to avoid t...
by neurosphere
Mon Dec 01, 2014 11:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Does contributing to 457b make sense in my situation?
Replies: 8
Views: 934

Re: Who to Use: CPA, Financial Advisor, Someone Else?

In fact, their philosophy is so close to mine , their analysis of our current portfolio showed that. My total expense ratio for our entire portfolio is 0.38% (I think he was a little bummed about that, since they won't be able to reduce that much to compensate for their 1% fee). He told me that our...
by neurosphere
Thu Nov 20, 2014 8:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Who to Use: CPA, Financial Advisor, Someone Else?
Replies: 65
Views: 4943

Re: Vanguard launches new offering ...

lululu wrote:That ceramic mug is big enough to make a casserole in.


Or it's just big enough for a 12 oz soda with ice. Or ice coffee. It's good for hot or cold beverages I would assume.
by neurosphere
Tue Nov 18, 2014 10:57 am
 
Forum: Personal Consumer Issues
Topic: Vanguard launches new offering ... [Vanguard merchandise]
Replies: 115
Views: 12999

Re: AA canceled flight: premium seat fee not refunded

Here's a tip: Don't ever pay for a premium seat, but still sit in a premium seat without paying. Here's how I do it: I buy my ticket for cheap seat, then the day before the flight, I look online and change my seat assignment to a premium seat at no charge. What airlines does this work on? I know it...
by neurosphere
Wed Oct 29, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: canceled flight on AA: premium seat fee not refunded
Replies: 30
Views: 2350

Re: Resident- Disability Insurance

...This is an actuarial question I cannot answer - how many residents apply for claims in their disability policy? My experience - none that I am aware of and likely very few altogether. .... I saw it twice at my institution. One was my chief resident who had open heart surgery for valve replacemen...
by neurosphere
Mon Oct 27, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Resident- Disability Insurance
Replies: 9
Views: 1278

Re: Solo 401k with after-tax contribution option

With a Solo 401k, you can defer taxes on $17,500 as the employee, but doesn't the employer (also you) get a tax benefit by filling up the rest of the $52k? Maybe that is why you haven't found one with an after-tax sub account? Where have you checked? Yes, the limit is $52,000, but the employee/empl...
by neurosphere
Mon Oct 20, 2014 5:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo 401k with after-tax contribution option
Replies: 10
Views: 985

Re: Solo 401k with after-tax contribution option

Does anyone have or know of a SOLO 401k with an option to make after-tax contributions as described in the following link?? I haven't checked extensively, but I haven't been able to find a solo 401k account which allows for after tax contributions. If such a solo 401k existed, I would expect it to ...
by neurosphere
Mon Oct 20, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo 401k with after-tax contribution option
Replies: 10
Views: 985

Re: Why are 401k plans expensive?

Basically, you should understand that this is one of the largest tax deductions a company can take and therefore, it is heavily regulated. Companies have to pay money for expertise to ensure they are in compliance with federal regulation. Yes, sure, there is a cost. But why is there up to a ten-fol...
by neurosphere
Sun Oct 19, 2014 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 3157

Re: advice on a surface pro 3

What is the battery life like on a Surface Pro 3? What is the boot time? Is it possible to use it all day on standby mode like an iPad? I have a slate but the short battery life and long boot time and weight and heat makes it not practical for whole day of meetings and use on the run. I have the Pr...
by neurosphere
Thu Oct 16, 2014 6:46 am
 
Forum: Personal Consumer Issues
Topic: advice on a surface pro 3
Replies: 28
Views: 2938

Re: Crazy asset-based fees in my 401K!

Here's my question: am I crazy or this "advisor/consultant" taking my employer and all it's employees for a ride all these years? Perhaps it's not an either/or question. The 401k plan is taking you for a ride. Separately, you may be crazy. :D While your 401k may indeed charge fees near th...
by neurosphere
Tue Oct 14, 2014 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Crazy asset-based fees in my 401K!
Replies: 49
Views: 2609

Re: When must I fund my solo 401k?

Am I correct in understanding that I can fund my 2014 solo 401k in the early part of 2015 (as I do with my Roth), so long as the solo 401k is opened in 2014? Thank you My understanding is the employee part must be funded during the calendar year but the employer match by April 15 the next year or w...
by neurosphere
Tue Oct 14, 2014 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: When must I fund my solo 401k?
Replies: 11
Views: 652

Re: Creating a 401k for my company through Employee Fiduciar

Why did you decide to include SCV and ST corp bond? Just in case the employer was interested in tilting that way? Yes, just in case the owner wanted to tilt in the future, but the chances of that are low. Mostly I wanted to see how easy it would be to make changes to the plan, so I added a couple o...
by neurosphere
Tue Oct 14, 2014 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Creating a 401k for my company through Employee Fiduciary
Replies: 85
Views: 10780

Re: Creating a 401k for my company through Employee Fiduciar

For what it's worth, I recently helped a client set up a 401k with Employee Fiduciary, and these were the funds we used (all Vanguard, and all Admiral where available): Total Stock Market Total Bond Market Total International Stock Small Cap Value Fund Short-Term Corporate Bond Fund Vanguard Prime M...
by neurosphere
Mon Oct 13, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Creating a 401k for my company through Employee Fiduciary
Replies: 85
Views: 10780

Re: Creating a 401k for my company through Employee Fiduciar

What are the options for a fee-based advisor that would reduce some of my fiduciary liability? Define fiduciary liability? In practical terms, what would a plan participant possibly sue you for, that didn't involve outright fraud on the employers part? I can think of one, right off the bat, and tha...
by neurosphere
Mon Oct 13, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Creating a 401k for my company through Employee Fiduciary
Replies: 85
Views: 10780

Re: Tax deduction (if any) of air commuting?

If you had an office outside the home, and went there first, then the travel should be deductible. So what's to stop me getting a desk, computer, phone in a small rental office near my house to use for my personal firm, and then simply going from that office to the airport, rather than coming home ...
by neurosphere
Thu Oct 09, 2014 5:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax deduction (if any) of air commuting?
Replies: 5
Views: 467

Tax deduction (if any) of air commuting?

Hi all, without getting into too many details, I have a unique opportunity to accept a job in another city. I plan to fly to the job and live/work in that state, say for 10 days in a row each month. Then I would return home (NYC) and live for the remaining 20 days a month. I would be a conventional ...
by neurosphere
Thu Oct 09, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax deduction (if any) of air commuting?
Replies: 5
Views: 467

Re: U.S. stocks in freefall

Not only show the Y=0 line, but also use a semi-log plot. :?: :?: L. Thanks for the explanation, which I will study. However, my nitpick comment was simply that you cannot put the value zero on a log scale. L. Ha, yes, of course. I know that (blush). It was a joke! Yeah, that's it. But seriously, y...
by neurosphere
Fri Oct 03, 2014 4:21 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1064
Views: 188547

Re: American Funds

[weird, I just submitted a post to this tread, or so I thought, and it's nowhere to be found...so here is a short summary of what I had thought I had previously submitted] Another point to remember is that your boss has the leeway to allow you to choose your own SIMPLE IRA custodian/firm. Nothing pr...
by neurosphere
Fri Oct 03, 2014 3:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: American Funds
Replies: 15
Views: 1547

Re: American Funds

I would think of the 3% match as likely covering most if not all of the loads, plus a substantial portion of the fees. In my mind, that mitigates the effect of any potential loads or higher expense ratios. But remember, you can transfer SIMPLE IRA funds while employed. So you can minimize the effect...
by neurosphere
Fri Oct 03, 2014 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: American Funds
Replies: 15
Views: 1547

Re: Fidelity Account Executive

I've also had Fidelity try to sell me advisor services on several occasions. The first time was when I called to ask some questions about setting up a 401k. It was clear the person on the phone was interested in much more than simply answering procedural questions about a rollover, but was also tryi...
by neurosphere
Thu Oct 02, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Account Executive
Replies: 7
Views: 645

Re: U.S. stocks in freefall

I once had a professor that consistently argued that all charts and graphs of this type should have the Y-axis start at 0 (and not omit any of the territory between 0 and the top of the graph) to accurately depict the magnitude of the change in relative terms. I bet this graph would look pretty clo...
by neurosphere
Wed Oct 01, 2014 8:00 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1064
Views: 188547

Re: U.S. stocks in freefall

My father called me today to tell me that he hasn't checked his portfolio lately, and wondered if I would update him on his balances on a little spreadsheet widget I made for him. I told him my spreadsheet was busted, and that it might take me a couple of years or more to getting around to fixing it...
by neurosphere
Wed Oct 01, 2014 3:46 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1064
Views: 188547

Re: Social Security: "highest 35 years..." ?

I have a blog post that illustrates the concept of bend points and also the effect of zero income years in a graph: http://www.sotirioskeros.com/2014/04/12/socialsecuritybenefits/ The chart/post is based on an example of young professional who has a delay in her first year of income, but then quickl...
by neurosphere
Tue Sep 30, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security: "highest 35 years..." ?
Replies: 4
Views: 1079

Re: Obese airline passenger

This is a thread which is likely to get locked. There is really no good answer, and there are dozens of different opinions. My wife any I have VERY different opinions on what the correct course of action is on a plane when we are seated next to a passenger of size and which makes our flight more unc...
by neurosphere
Sun Sep 28, 2014 8:40 pm
 
Forum: Personal Consumer Issues
Topic: Obese airline passenger
Replies: 62
Views: 5041

Re: How much excess 401k contribution is reportable to the I

Perhaps an excess contribution of less than 50 cents could be rounded down to the next dollar? In which case your answer is "49 cents". :) This is from the IRS 1040 instructions: Rounding Off to Whole Dollars You can round off cents to whole dollars on your return. If you do round to whole...
by neurosphere
Sun Sep 28, 2014 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much excess 401k contribution is reportable to the IRS
Replies: 8
Views: 804

Re: Chase Ultimate Rewards Program

For maximum flexibility keep your points as UR until you want to fly. They transfer instantly to United or British Airways. I have only transferred Chase points to Amtrak. All points were usually transferred the same day, but one transfer took over 6 days, which was quite annoying. The terms of ser...
by neurosphere
Sat Sep 27, 2014 7:05 pm
 
Forum: Personal Consumer Issues
Topic: Chase Ultimate Rewards Program
Replies: 27
Views: 12412

Re: Answer to Most Physician/High Net Worth Questions:

That's not a bad list, and anyone who can follow it will do quite well. But the obvious bullet point may have to be #0: " Plan to live on half your salary, and save/invest the rest ". And as others on this board, including myself has advised, "live like a resident" [Edit: letsgo...
by neurosphere
Sat Sep 27, 2014 5:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Answer to Most Physician/High Income Job Questions:
Replies: 31
Views: 2494

Re: Disappointed in Vanguard customer service

Here is a recent article about hold music and its history which I found interesting: http://www.slate.com/articles/arts/culturebox/2014/09/history_of_hold_music_how_did_we_end_up_with_handel_tinkling_through_the.html For those who find hold music annoying, Google has a patent for personalized hold m...
by neurosphere
Sat Sep 27, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Disappointed in Vanguard customer service
Replies: 38
Views: 4492

Re: Answer to Most Physician/High Net Worth Questions:

That's not a bad list, and anyone who can follow it will do quite well. But the obvious bullet point may have to be #0: "Plan to live on half your salary, and save/invest the rest". And as others on this board, including myself has advised, "live like a resident" [Edit: letsgobob...
by neurosphere
Sat Sep 27, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Answer to Most Physician/High Income Job Questions:
Replies: 31
Views: 2494

Re: Going forward

He is a CFP and not just an advisor. Yet another example of how a CFP designation doesn't necessarily protect an investor all that much from questionable advice or unethical practices. My father's broker is a CFP who is employed by one of the largest brokerages/investment banks in the country. I re...
by neurosphere
Tue Sep 23, 2014 7:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Going forward
Replies: 7
Views: 879

Re: how to prevent medical expense catastrophe?

I imagine this behavior makes patients with some types of insurance more attractive to certain doctors. I know some medical groups which have long waiting lists will give priority appointments or otherwise overbook patients which have insurance which provides better reimbursements. I also know that...
by neurosphere
Tue Sep 23, 2014 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 174
Views: 8293

Re: Southwest Airlines Engulfing, Reversal Candle Signals Do

What does that mean? If 20 percent of brokers start using astrology symbols to make transactions; buy Pharma drugs in Cancer, will they add a section on that in the exam too? :P I think it was John Bogle, or perhaps Milton Friedman, who said "When Mercury is in retrograde, sell! Otherwise, buy...
by neurosphere
Mon Sep 22, 2014 7:28 pm
 
Forum: Investing - Theory, News & General
Topic: Southwest Airlines Engulfing, Reversal Candle Signals Downsi
Replies: 55
Views: 3659

Re: Southwest Airlines Engulfing, Reversal Candle Signals Do

Speaking of technical analysis... When I took the series 65 test ( http://en.wikipedia.org/wiki/Uniform_Investment_Adviser_Law_Exam ), it treated technical analysis as a form of analysis which was as valid as other forms of analysis, such as fundamental analysis. It was clear that the "powers t...
by neurosphere
Mon Sep 22, 2014 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: Southwest Airlines Engulfing, Reversal Candle Signals Downsi
Replies: 55
Views: 3659

Re: Please Help with 401K Investment Options

from your screen shot it looks like you are in the freedom funds. i would get out of these quickly. they are an unsavory package of actively managed funds that fidelity can't get anyone to invest in directly. Agreed, "free yourself" from the freedom funds! While I like Fidelity in general...
by neurosphere
Mon Sep 22, 2014 7:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with 401K Investment Options
Replies: 5
Views: 407

Re: how to prevent medical expense catastrophe?

"One person's emergency is another person's routine care." I agree and I have no sympathy for those that get charged an arm and a leg for abusing the ER to get their kid's school physical completed. Ok, but that's not the emergency I'm talking about. I'm talking about the kind where someo...
by neurosphere
Sun Sep 21, 2014 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 174
Views: 8293

Re: how to prevent medical expense catastrophe?

There is no way to make this work in our current system. And with HUNDREDS of insurance plans out there, how on earth do you expect a hospital to find a full menu of doctors that are in-network with all the exact same plans as the hospital? Let me flip the question around somewhat, and try to get s...
by neurosphere
Sun Sep 21, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 174
Views: 8293

Re: Mechanics of paying a financial advisor?

*I think the reason this bothers me so much is that managing investments properly - which means a simple portfolio with very little turn-over - requires almost no effort. Agreed. It's fairly straightforward to set an initial asset allocation, determine a glide path if appropriate and then determine...
by neurosphere
Sun Sep 21, 2014 3:24 pm
 
Forum: Investing - Theory, News & General
Topic: Mechanics of paying a financial advisor?
Replies: 23
Views: 1398
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