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Re: Memory foam mattresses - any insight?

Very happy with our tempurpedic. Paid less than $3000 (queen). For a small fraction of my net worth 30% of my life on this earth became much more comfortable.
by ram
Sat Jul 19, 2014 4:04 pm
 
Forum: Personal Consumer Issues
Topic: Memory foam mattresses - any insight?
Replies: 55
Views: 3973

Re: Transfer of assets to child. Tax strategy

Note: that $2000 figure people throw around? Its for kids with no jobs, no earnings. I don't know how much "essentially no money" is. If she makes $1000 one year, the $2000 isn't $2000. Lets say she makes $0 during the 4 yrs of med school. She was doing some babysitting and tutoring durin...
by ram
Sat Jul 19, 2014 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transfer of assets to child. Tax strategy
Replies: 19
Views: 1128

Re: Transfer of assets to child. Tax strategy

Why make such a simple issue more difficult? Just give her the money and subtract it from your 10million dollar estate exemption. If you expect more then 10 million in estate in the future you will have bigger issues of estate planning then worrying about tax on a simple 120k. Good luck. Fair enough.
by ram
Sat Jul 19, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transfer of assets to child. Tax strategy
Replies: 19
Views: 1128

Re: Transfer of assets to child. Tax strategy

The biggest challenge I see is your daughter will have an interesting Traditional vs. Roth decision to make during residency. At current tax brackets in 2013 (filing single/standard deduction) she is in the 15% tax bracket up to $46250 and capital gains are taxed at 0%. So most of the capital gains...
by ram
Sat Jul 19, 2014 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transfer of assets to child. Tax strategy
Replies: 19
Views: 1128

Re: Transfer of assets to child. Tax strategy

If there are no tax advantages of transferring before age 24 I can always wait till then. There are advantages for her, but not for you. If she gets the money sooner, the gains belong to her. If you keep the money, then you get the gains, but you give the same amount, so really it costs you less. L...
by ram
Sat Jul 19, 2014 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transfer of assets to child. Tax strategy
Replies: 19
Views: 1128

Re: Transfer of assets to child. Tax strategy

Thanks. I changed it to 2014 as the 2013 tax time is over. I will read the tax rules as you suggest. I think I may have made a significant mistake about the age thing. If age has nothing to do with dependency then I may simply have to wait till 2018 when she starts earning 45K per year and will be c...
by ram
Sat Jul 19, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transfer of assets to child. Tax strategy
Replies: 19
Views: 1128

Re: Transfer of assets to child. Tax strategy

Will she be married by then ( 12-31-2014)? - No. Will she still be your dependent?- Yes Otherwise, it is end of the year for Form 8615. When Form 8615 must be filed. Form 8615 must be filed for a child if ALL of the following statements are true. 1. The child's unearned income was more than $2,000....
by ram
Sat Jul 19, 2014 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transfer of assets to child. Tax strategy
Replies: 19
Views: 1128

Transfer of assets to child. Tax strategy

When my daughter graduated from high school in 2010 I had promised her $250,000 for her education. If she needed more she would take a loan and if she needed less the balance would be hers. For undergrad she attended the flagship in state school (UW, Madison) on partial scholarship instead of Johns ...
by ram
Sat Jul 19, 2014 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Transfer of assets to child. Tax strategy
Replies: 19
Views: 1128

Re: Wisconsin - Madison Meetings - Master Thread

I cant make it today, but will try in the future.
by ram
Sat Jul 19, 2014 10:36 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 37
Views: 2028

Re: SAT preparation

My son used Princeton and college board books and no other courses. Got a 36 on ACT, 2300+ on SAT and is getting a full tuition scholarship at Vanderbilt Univ at present.
by ram
Sat Jul 12, 2014 4:30 pm
 
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 30
Views: 2302

Re: Which Med school?

Shocking to me that she was accepted to schools like Northwestern and Vanderbilt (excellent schools), and not even offered interviews at schools like Tufts and Tulane which I would not consider to be as selective. Any thoughts? Was her application too good for those schools? Many posters recommende...
by ram
Mon Jul 07, 2014 12:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Which Med school?

EmergDoc wrote:I'm amazed at how involved you were in the process. I don't think my parents could have told you which schools I interviewed at.

Whereas I know where she was accepted at, the list 1 - 20 is a cut-paste job from the Email she sent me and her younger brother who cleared MCAT last week.
by ram
Sun Jul 06, 2014 6:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Which Med school?

My daughter will be joining Univ of Wisconsin, Madison med school next month. As mentioned before she will be getting full tuition scholarship, which amounts to about $100,000 over four years (in state rate). I would like to thank all of you who gave excellent advise which helped her make the decisi...
by ram
Sun Jul 06, 2014 4:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Help me find a good slow cooker

Zojhirushi. I assume you mean Zojirushi, but I can't find one that meets the OP's needs. They do have a non-electric slow cooker; you heat the inner pot with the food on the stove and then put it in the insulated outer pot, close it, and walk away. Clearly, there is no timer or programming. Stainle...
by ram
Sun Apr 20, 2014 9:58 am
 
Forum: Personal Consumer Issues
Topic: Help me find a good slow cooker
Replies: 29
Views: 2152

Re: practicing medicine in Texas...

DireWolf wrote:Texas has the most common sense malpractice reform in the country. I would consider practicing there for this reason alone.

+1 ( I am not from texas)
by ram
Thu Apr 17, 2014 9:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: practicing medicine in Texas...
Replies: 56
Views: 13982

Re: Help me find a good slow cooker

Zojirushi ( rice cooker). ( Edit - I did not understand the difference between a rice cooker and a slow cooker. But my wife certainly likes their rice cooker very much.)
by ram
Thu Apr 17, 2014 9:12 pm
 
Forum: Personal Consumer Issues
Topic: Help me find a good slow cooker
Replies: 29
Views: 2152

Re: Buying new binoculars

Gatorman and everyone else.
Thanks for the guidance. I will look at some image stabilizing bonocs also. Plan to go to the store in the next 4-6 weeks.
by ram
Sun Mar 16, 2014 3:19 pm
 
Forum: Personal Consumer Issues
Topic: Buying new binoculars
Replies: 14
Views: 1226

Buying new binoculars

We are going on a 14 day land plus cruise trip to Alaska in June and needed to buy a new pair of Binoculars. We hope to spend about $300 on it. Our current pair was bought about 10 yrs ago for <$50 for our then teenage kids. I was looking at a prior thread ( http://www.bogleheads.org/forum/viewtopic...
by ram
Sat Mar 15, 2014 4:56 pm
 
Forum: Personal Consumer Issues
Topic: Buying new binoculars
Replies: 14
Views: 1226

Re: Trinity Study

I am wondering if somebody would be interested in doing this study. Might even make a decent publication- The aim of the study would be to reach conclusions such as - Start with a 4% withdrawal from yrs 1 to 10 of retirement - AND IF- 1. At the beginning of year 11 your portfolio is at >= 110% of in...
by ram
Wed Feb 05, 2014 9:27 pm
 
Forum: Investing - Theory, News & General
Topic: Trinity Study
Replies: 20
Views: 2015

Re: Which turbo tax product - free flagship options

$177 is his self employment tax (social security@12.4% and Medicare @2.9%). SE Taxes are not the same as income taxes. Huey and Grabiner, Thanks. I get it. Actually part of the tutoring was as an employee of an internet based tutoring company and we will wait and see if he gets a W2 from them. -Ram
by ram
Mon Jan 27, 2014 5:49 pm
 
Forum: Personal Consumer Issues
Topic: Which turbo tax product - free flagship options
Replies: 14
Views: 1046

Re: Which turbo tax product - free flagship options

On my son's income of 1250 from tutoring and babysitting the federal income tax came at at 177. This was business tax. We put the income under business (consulting etc). He has no W2 or 1099 Misc (no one source of income exceeded $600) and turbotax did not show any where to put 'wages' without a W2....
by ram
Sun Jan 26, 2014 6:26 pm
 
Forum: Personal Consumer Issues
Topic: Which turbo tax product - free flagship options
Replies: 14
Views: 1046

Re: college related advice for 11th grader

I had a few questions I was hoping savvy Bogleheads might have answers to. My son is in the intense junior year of high school and I am trying to help maneuver an optimum pathway for the next two years by gathering information. Some are minor curiosity questions and others are important how to do i...
by ram
Fri Jan 17, 2014 1:16 am
 
Forum: Personal Consumer Issues
Topic: college related advice for 11th grader
Replies: 106
Views: 6666

Re: college related advice for 11th grader

One other point worth considering: no matter how convinced he is now that STEM is what will interest him in college, I have seen others decide to change their majors and interests (as a result of burn-out or too competitive in extremely selective Universities) so consider as you narrow your choices...
by ram
Fri Jan 17, 2014 12:38 am
 
Forum: Personal Consumer Issues
Topic: college related advice for 11th grader
Replies: 106
Views: 6666

Re: High Earners - What's Your Profession?

Retired physician. RMD is twice what I earned when working. LarryG Larry, That's commendable. As livesoft mentioned there are many physicians on this forum. Perhaps some advice from you about how you achieved it in the form of a new thread "Advice for young(er) physicians" would be approp...
by ram
Sun Jan 12, 2014 10:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28313

Re: Which turbo tax product - free flagship options

IIRC, in lieu of downloading, you can also order a CD from Intuit, compliment of Vanguard. I think the desktop version (download or CD) is easier to use than the online version. YMMV. Thanks Huey. That sounds reassuring. I am not a very technologically savvy guy and doing taxes is always somewhat a...
by ram
Sat Jan 11, 2014 6:39 pm
 
Forum: Personal Consumer Issues
Topic: Which turbo tax product - free flagship options
Replies: 14
Views: 1046

Re: Which turbo tax product - free flagship options

Have never done download before. Is it any extra work. (I wold prefer to spend $50 rather than do 1 hr of extra tax work) If you are still using dial-up, it might take an hour, but I doubt it. In any case, just start the download, go grab a brew, watch the game, and come back after an hour. A one h...
by ram
Sat Jan 11, 2014 6:18 pm
 
Forum: Personal Consumer Issues
Topic: Which turbo tax product - free flagship options
Replies: 14
Views: 1046

Which turbo tax product - free flagship options

Till last year as a family we have filed only a single tax return - married filing jointly. For the last many yrs we have used turbotax online option and are satisfied with it. For 2013 for the first time in their lives our 21 and 19 yr old children earned about $1500 and 3000. This income was from ...
by ram
Sat Jan 11, 2014 5:50 pm
 
Forum: Personal Consumer Issues
Topic: Which turbo tax product - free flagship options
Replies: 14
Views: 1046

Re: Backdoor Roth IRA- Any changes for 2014?

Thanks mhc.

Doctev - Regarding converting existing TIRA to Roth the only significant thing I am aware of is the associated substantial tax bill. It is generally recommended that one should do it if one can pay the taxes from money outside of the TIRA. There are many 2 or 3 yr old threads about it.
by ram
Wed Jan 08, 2014 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA- Any changes for 2014?
Replies: 5
Views: 522

Backdoor Roth IRA- Any changes for 2014?

Are there any changes in rules for backdoor Roth IRA this year. Or is everything same as last year. I do not have any amount in Traditional IRA at present.
My plan is to simply put $5500 in Prime Money market in TIRA and change it the next day to Roth IRA.
by ram
Wed Jan 08, 2014 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA- Any changes for 2014?
Replies: 5
Views: 522

Re: road noise in your car

Toyota Avalon less noisy than Honda Odyssey.
Honda Odyssey with new michelin tires less noisy than with prior original tires.
Back country roads at 55 mph less noisy than highway at 65 mph.
by ram
Sun Jan 05, 2014 3:53 pm
 
Forum: Personal Consumer Issues
Topic: road noise in your car
Replies: 27
Views: 2086

Re: Attending/Resident Physician Couple - Porfolio Review

- You are doing great.
- No need for the 1% REITS
-I do not like TIPS for young people. Others here may disagree with me.
-Emerging markets- I over weigh them but haven't found it very useful. Things may change.
- Umbrella. OK for now. Increase it later. I keep it at 1.5 times my net worth.
by ram
Wed Jan 01, 2014 11:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Attending/Resident Physician Couple - Porfolio Review
Replies: 14
Views: 1928

Support the Boglehead site

Happy new year to everybody. 2013 was a good year for all investors. I just mailed a check for 0.05% of my investment returns for 2013.
by ram
Wed Jan 01, 2014 9:03 pm
 
Forum: Personal Consumer Issues
Topic: Support the Boglehead site
Replies: 3
Views: 558

Re: What was your 2013 return?

20 - 22 %. Do not track more specifically . 88% stock, 12% bonds at present , but stocks exceeded 90% most of the year.
by ram
Wed Jan 01, 2014 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 9197

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

2070 ( 12% increase)
by ram
Wed Jan 01, 2014 8:42 pm
 
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 525
Views: 12218

Re: Fidelity HSA- $48/year

RAM, it is a good deal because you will avoid FICA tax. That will more than offset the fee if you have to pay it. mhc, Employees who earned more than $120,150 did not save the 6.2% SS tax by contributing $6450 to HSA thru the payroll (in 2013). Their balance of $113,700 was subject to all of the SS...
by ram
Wed Jan 01, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity HSA- $48/year
Replies: 15
Views: 1435

Re: Fidelity HSA- $48/year

Since I have a couple of accounts at Fidelity I was curious about this. I already have an HSA at HSABank where there are no fees if one keeps about $5,000 in the bank account paying 0.3% interest or more. If one leaves $4,925 in the bank account, the amounts above this can be invested at TDAmeritra...
by ram
Wed Jan 01, 2014 6:18 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity HSA- $48/year
Replies: 15
Views: 1435

Fidelity HSA- $48/year

As of today my employer is offering a HSA with Fidelity. Our 401K s and 457s are with Fidelity and employer will transfer money pretax to the HSA account. This saves the medicare tax (and SS tax for those with income below the SS limit). I went through the 27 page information and all I could see was...
by ram
Wed Jan 01, 2014 4:39 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity HSA- $48/year
Replies: 15
Views: 1435

Re: Which Med school?

As always I am happy to hear all opinions. Whereas some people think that Wash U, Harvard, Hopkins and Northwestern education may be better, virtually nobody seems to think that it is $200,000 better. (and this includes MDs who have attended some of these prestigious schools)
Will keep you posted.
by ram
Sat Dec 28, 2013 12:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Which Med school?

Thank you all for your input. Will keep you posted.
by ram
Thu Dec 26, 2013 1:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Which Med school?

UW Madison med school grad here. I would say if they are offering her the full tuition, take it in a heartbeat. Though there are likely more prestigious schools, I can't recall any negatives arising from UW, and over the years UW has placed its students into just about every residency there is, hig...
by ram
Thu Dec 26, 2013 1:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Which Med school?

Ram, First congratulations to your daughter on a great achievement. It looks like she will have several more acceptances coming in. Most of the advice here has been pro-state school. This is very sound logic especially given the new scholarship offer. Let me offer an alternative scenario. Have your...
by ram
Thu Dec 26, 2013 12:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Which Med school?

As a senior resident set to enter fellowship next year I would say take the deal at Wisconsin. Coming from a small private undergrad where I received a full ride I faced a similar dilemma: either full tuition at an Ivy League or 3/4 scholarship at my state school. I chose the latter and have no reg...
by ram
Thu Dec 26, 2013 12:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Which Med school?

As a young physician in fellowship, I would suggest the cheapest option. You learn the exact same information from the exact same text books at every school in the nation. Everyone takes the same board exams(USMLE). I would so much prefer not to have loans. Karpems, I completely agree with you. I h...
by ram
Thu Dec 26, 2013 12:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Which Med school?

Congratulations and Happy Holidays! All great schools-I would put UChicago well above middle tier private school (top 10 nationally for research oriented med schools). UWisconsin /Madison is of course very well regarded, with slightly more emphasis on primary care, and more graduates seem to match ...
by ram
Thu Dec 26, 2013 12:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Which Med school?

There is some value in attending a "big name" private school - i.e. Mayo, Harvard, etc. Whether that added value is "worth it" for the cost is a different question, and largely depends on individual goals. However, there will be no added value at all in attending a "middle ...
by ram
Thu Dec 26, 2013 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: Which Med school?

Now she has one more decision to make. UW Madison is offering her full tuition scholarship for four years. She only needs to pay for room, board, car etc (anticipated cost $70,000 over four years). She has been accepted at Northwestern, Chicago. (No scholarship, anticipated cost 280,000). I asked he...
by ram
Wed Dec 25, 2013 12:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 152
Views: 12579

Re: 2014 Boglehead Predictions Thread

1. Intt stocks will do better than US stocks.
2.EM will do better than total Intt.
by ram
Wed Dec 25, 2013 12:04 am
 
Forum: Investing - Theory, News & General
Topic: 2014 Boglehead Predictions Thread
Replies: 57
Views: 5187

Re: One cent over on HSA, now what?

If it was me I wouldn't worry about it. Why are you using HSA Bank? Isn't the rate of return very low in addition to being fee after fee? . Because it gives an extra $0.01 :D I pay a $5.50 monthly fee ( 3.00 + 2.50). I leave about $100 in cash in the savings ac to cover the fee for a year. The 6350...
by ram
Sat Nov 30, 2013 12:26 am
 
Forum: Investing - Help with Personal Investments
Topic: One cent over on HSA, now what?
Replies: 16
Views: 1683

Re: One cent over on HSA, now what?

livesoft wrote:I was over by less than a dollar and there have been no tax consequences. Everything rounded to the lower whole dollar amount when I filed with TurboTax. No harm, no foul. Move along, nothing to see here.

That is reassuring. I have the extra penny issue also.
by ram
Sat Nov 30, 2013 12:20 am
 
Forum: Investing - Help with Personal Investments
Topic: One cent over on HSA, now what?
Replies: 16
Views: 1683

Re: should my nephew apply to a top-tier university?

This is something we wrestled with last year. Our son had almost identical SAT scores as the OP along with an 800 on the writing section. We did all the net price calculators and never got close to a response showing any aid. Following livesoft's theory my son applied to and was accepted to a top f...
by ram
Thu Nov 28, 2013 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: should my nephew apply to a top-tier university?
Replies: 274
Views: 11807
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