Search found 525 matches

by zebrafish
Tue Jul 14, 2015 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Reducing Specific Risk from Employer Stock
Replies: 16
Views: 785

Re: Reducing Specific Risk from Employer Stock

Your concern about having too much money tied up in a single stock is WISE. My parents had 50% of their retirement assets in stock from my father's employer-- a midwest mid-sized regional bank that went under during the recent financial collapse. This resulted in over $1.5 million down the drain. *P...
by zebrafish
Tue Jul 14, 2015 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Physician: Which Job to Choose
Replies: 32
Views: 3535

Re: Physician: Which Job to Choose

Would also argue that if you have any type of call/shift/overnight work, the shorter commute is also a safer option for your health-- less likely to fall asleep while driving home. Also, if you have call responsibilities, any commute just kills your weekend/nights even more.
by zebrafish
Tue Jul 14, 2015 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Physician: Which Job to Choose
Replies: 32
Views: 3535

Re: Physician: Which Job to Choose

I would argue that short commute is underrated. I spent 3+ years commuting 2.5 hours per day. It wears on you. Also, you realize that that 2.5 hours could be spent with your wife, your kids, your hobbies, etc. Once I got the chance to work within 10 minutes of home, I jumped on it. Now I use every s...
by zebrafish
Tue Jul 14, 2015 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Resident with newfound Moonlighting income...what to do?
Replies: 5
Views: 782

Re: Resident with newfound Moonlighting income...what to do?

I would refinance the student loans to a lower percentage and then pay them off as fast as possible with the moonlighting money.

I might bump my emergency fund a little bit.

You could put more pretax money away in retirement funds. But my major focus would be the loans.
by zebrafish
Mon Jul 13, 2015 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Physician: Which Job to Choose
Replies: 32
Views: 3535

Re: Physician: Which Job to Choose

Go with your gut.

All sound like pretty good options.
by zebrafish
Sat Jul 11, 2015 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about pension
Replies: 3
Views: 314

Re: Questions about pension

These all sound like questions for your HR/benefits department.

I think the answers here depend on the details of your plan, which the HR/benefits department is there to explain for you...
by zebrafish
Sat Jul 11, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Need a credit card (22 years old)
Replies: 36
Views: 2419

Re: Need a credit card (22 years old)

I personally would not do business with the Megabank corps for philosophical reasons which I won't go into (but could easily be inferred).

I would recommend finding a local credit union and considering a savings/debit/credit card with them.
by zebrafish
Fri Jul 10, 2015 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 6510

Re: In-laws not saving for retirement -- help!

... is there any way your wife can make them realize that they have a problem? That's the first step... ... I'm also astonished they would ask you to sign a loan for that amount. How do they think you're going to be able to afford it with an interest rate that is surely pretty high given their hist...
by zebrafish
Fri Jul 10, 2015 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 6510

Re: In-laws not saving for retirement -- help!

Correct, we did not co-sign the loan (it was for 2M yikes). We know their business is because we asked why they needed us to co-sign. They know some of our finances through my wife, but I usually try to avoid talking finances with family unless they ask. I think this was a wise decision, because th...
by zebrafish
Mon Jul 06, 2015 11:34 pm
Forum: Personal Consumer Issues
Topic: Worst financial book you have read (or will admit you have read)
Replies: 90
Views: 8517

Re: Worst financial book you have read (or will admit you have read)

Donald Trump How to Get Rich. Also Think Like a Billionaire. Ha! For someone who has read so many of your very thoughtful and well-written posts, that is pretty hysterical. I guess all of us have a skeleton or two in the closet. :beer I'd say "Rich Dad, Poor Dad" is sort of like the equiv...
by zebrafish
Mon Jul 06, 2015 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 13
Views: 2169

Re: Advice on Whole Life Insurance as part of retirement portfolio

Actually, I would question your need for term life insurance as it sounds like you have no real dependents. I didn't get term life until I had dependents (ie kids) as my spouse works and has a good job with good benefits. Why exactly do you need any life insurance at the moment? Seems like you don't.
by zebrafish
Mon Jul 06, 2015 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 13
Views: 2169

Re: Advice on Whole Life Insurance as part of retirement portfolio

I would assume that since I maximize all my retirement accounts and save a good amount of my income, there isn’t any reason for me to need a permanent death benefit as I should have a solid retirement portfolio in 30 years. This would be correct. If you can get term life (and you should w/o problem...
by zebrafish
Mon Jul 06, 2015 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: off shore investment companies
Replies: 4
Views: 210

Re: off shore investment companies

To be serious for a second--

Listen to that little voice saying "run!"

If it sounds too good to be true, it probably is. No one around here will be a proponent of get rich, quick-type schemes.
by zebrafish
Mon Jul 06, 2015 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: off shore investment companies
Replies: 4
Views: 210

Re: off shore investment companies

:oops: I hear there are a lot of investment opportunities in Nigeria, only 5 countries to the West. In fact, a very persistent person keeps emailing me and is most willing to share in a very lucrative opportunity, if I only wire him a bunch of cash. I can't imagine any problem that might come out of...
by zebrafish
Thu Jun 25, 2015 8:48 pm
Forum: Personal Consumer Issues
Topic: Vehicle suggestions for Tall?
Replies: 44
Views: 3298

Re: Vehicle suggestions for Tall?

Subaru Outback wagon.

I'm 6'3" and there is a ton of extra clearance for my head.

This is a great car for tall people
by zebrafish
Tue Feb 17, 2015 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for a medical resident (before start date)
Replies: 18
Views: 1140

Re: Mortgage for a medical resident (before start date)

Buying a house isn't a good "deal" if you move in 5 years and you: 1) Can't sell the property immediately and end up paying several months' mortgage payments for an empty property waiting to sell 2) Property values decrease and you end up underwater and need to pay to leave 3) Both #1 and ...
by zebrafish
Sat Jan 17, 2015 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: Guidance Greatly Appreciated
Replies: 4
Views: 527

Re: Guidance Greatly Appreciated

I think the fact that you just did a rollover of your 403b to a vanguard IRA will wreak havoc with your plan to do a backdoor Roth. I think you will now need to pay taxes on any backdoor traditional IRA conversions depending on the amount of pretax money in the ex-403b now that it has been rolled ov...
by zebrafish
Mon Jan 12, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying MD loans with HELOC
Replies: 5
Views: 913

Re: Paying MD loans with HELOC

I would personally under no circumstances want the emotional stress burden of knowing my school debt was now a relative's HELOC.

But, as the previous poster said, personal finance is personal and finance
by zebrafish
Mon Jan 12, 2015 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Dazed, Confused and Upset
Replies: 63
Views: 6649

Re: Dazed, Confused and Upset

There aren't a lot of people around here who haven't made financial mistakes of some kind. If they say they haven't, they're probably lying. As Freddy Mercury says, "And bad mistakes. I've made a few". All I have to say is dot com bubble. Fortunately, I the money I lost was chump change ba...
by zebrafish
Thu Jan 08, 2015 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Increase Investing or Pay Down Mortgage?
Replies: 16
Views: 2168

Re: Increase Investing or Pay Down Mortgage?

I wouldn't pay anything extra on that mortgage unless you're maxing out your tax-advantaged retirement contributions each year. Save as much as you can for retirement. I think this is good advice. Tax-advantaged retirement contributions save you taxes now and help your retirement. You have a very l...
by zebrafish
Thu Jan 08, 2015 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell or hold rental property?
Replies: 5
Views: 650

Re: Should I sell or hold rental property?

So you have about ~$20K in equity in the property? I couldn't sell that bad boy fast enough if I could get out now. You're losing money month to month. So it isn't really a good investment property. I'm not a real estate investor by any means, but I wouldn't want that liability or hassle in my life....
by zebrafish
Thu Jan 08, 2015 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: SoCal City Recommendations Young Family
Replies: 29
Views: 2495

Re: SoCal City Recommendations Young Family

There is no way I'd live in the Inland Empire, especially San Bernardino. You want to live closer to the ocean. Try Irvine. It is about midway between the two with traffic. You can take Amtrak to LA/San Diego from Irvine. Some of the cities mentioned slightly South-- San Juan Capistrano, San Clement...
by zebrafish
Thu Jan 08, 2015 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Rate vs. FUN
Replies: 43
Views: 3739

Re: Savings Rate vs. FUN

I would pay cash for the car :beer
by zebrafish
Fri Dec 12, 2014 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Totally Stressed. Husband lost job.
Replies: 46
Views: 10545

Re: Totally Stressed. Husband lost job.

This is not financial advice, but psychological advice. My father lost his job when I was about 7 years old. I remember my mother having a huge psychological breakdown and the stress of that period of time has been a prominent memory for me. I think in some ways, it has influenced me to be risk-avoi...
by zebrafish
Thu Nov 13, 2014 12:50 am
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 45
Views: 5518

Re: Consider freezing your credit

In my state, it costs $10 to freeze with each agency. I believe it is $10 to unfreeze or temporarily unfreeze. It is relatively easy to do by phone or online. When you freeze credit, each agency issues you a PIN that you must keep in a safe place. This PIN is needed to unfreeze or temporarily unfree...
by zebrafish
Thu Nov 13, 2014 12:23 am
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 45
Views: 5518

Consider freezing your credit

Let my story be a warning to others... I received a free credit monitoring for one credit agency as a "gift" after a megacompany leaked my personal information in a data breach several years back. On Tuesday morning, I received an email stating that my credit report had changed. Turns out,...
by zebrafish
Wed Sep 03, 2014 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Offered Promotion, but longer commute
Replies: 37
Views: 3315

Re: Offered Promotion, but longer commute

I spent 3 1/2 years commuting 75 minutes each way to work before I landed a transfer where my commute was cut to 10-25 minutes.

When you have a family, the extra/wasted time spent in the car just eats at your soul. I think it also takes a toll on your health in terms of stress and fatigue.
by zebrafish
Sat Aug 16, 2014 10:54 pm
Forum: Personal Consumer Issues
Topic: College Counselors
Replies: 44
Views: 2841

Re: College Counselors

This is kind of unusual for me. When I was in high school and looking to apply for college, I did all of the grunt work and research myself. I spoke to no counselors and just read 1-2 magazines. I wrote the college entrance essays all by myself with no one checking them and I ended up in a decent U...
by zebrafish
Fri Aug 15, 2014 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Salary Negotiation (Bay Area)
Replies: 13
Views: 1483

Re: Help with Salary Negotiation (Bay Area)

Now, the un-fun part comes up, when he asks me to propose the initial salary. The rule of thumb is that whomever mentions an initial salary loses. If it's the employee, it sets a ceiling; if it's the employer, it sets a floor. If he asks you what you're looking for, simply state, "More than I'...
by zebrafish
Thu Aug 14, 2014 10:41 pm
Forum: Personal Consumer Issues
Topic: Would you tip this tour guide?
Replies: 22
Views: 2487

Re: Would you tip this tour guide?

I think it is always good to tip if the person made a good faith effort to do their best. However, I would make a point of posting negative reviews (or honest reviews of this negative situation) on TripAdvisor and other sites. When I travel, I put a lot of faith into customer reviews. You will help ...
by zebrafish
Wed Aug 13, 2014 11:14 pm
Forum: Personal Consumer Issues
Topic: Oldest age to start medical school?
Replies: 44
Views: 6042

Re: Oldest age to start medical school?

I'll never tell my kid to go to med school, nor will I tell him NOT to go. I'll tell him why I went, what I love about my job, what I don't love about it, and the reasons why I would or wouldn't do it again if given the chance. My dad, also a doc, did the same for me, so I went through it all knowi...
by zebrafish
Wed Aug 13, 2014 11:11 pm
Forum: Personal Consumer Issues
Topic: Best Place to Do Research on Orthopedic Surgeons
Replies: 28
Views: 2134

Re: Best Place to Do Research on Orthopedic Surgeons

From someone also in the business... I do not think there is any website, metric, or feasible way for an outsider to get an accurate assessment of a surgeon's skill. Sad, but true. Internet reviews are completely useless. Frequently negative reviews are from people with unreasonable expectations or ...
by zebrafish
Mon Aug 11, 2014 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: $65k bonus for student loans...considering not taking it
Replies: 30
Views: 3608

Re: $65k bonus for student loans...considering not taking it

It would be hard to turn down 65K in debt forgiveness NOW, even if you had to pay taxes on this money. This represents over 20% of your debt burden.

You never know what the future will bring with your life, your priorities, or the loan forgiveness program.
by zebrafish
Tue Aug 05, 2014 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Getting started - downpayment vs. investing
Replies: 5
Views: 583

Re: Getting started - downpayment vs. investing

If your time horizon for needing the money is only 3-4 years, I would not invest in stocks. Stock investing is too risky for such a short time period.

I would use previous suggestion of CD or "high interest" savings account.
by zebrafish
Mon Jun 09, 2014 9:02 pm
Forum: Personal Consumer Issues
Topic: How To Encourage A Young (Sensitive) Child In Sports
Replies: 115
Views: 6297

Re: How To Encourage A Young (Sensitive) Child In Sports

Davebo: Your son is very lucky to have a father who is not only involved in his life but willing to ask questions, admit mistakes and rethink parenting issues when something seems "off." So, whether or not he ends up being into sports, he is likely to turn out just fine because of your at...
by zebrafish
Mon May 05, 2014 10:52 pm
Forum: Personal Consumer Issues
Topic: Genetic Testing
Replies: 10
Views: 1254

Re: Genetic Testing

From 23andMe: At this time, we have suspended our health-related genetic tests to comply with the U.S. Food and Drug Administration’s directive to discontinue new consumer access during our regulatory review process. In the future, you may be able to receive health-related results, dependent upon F...
by zebrafish
Wed Apr 09, 2014 3:36 pm
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 5858

Re: Expensive med. test not covered by insurance

CFTY Gene Com Varients $700 [$4045] Molecular Pathology Interp $24 [$81] Thyroxine; Free $8 [$92] FMR1 Gene Detection $954 [$0] Mopath Procedure Level 2 $2550 [$850] This is somewhat helpful. CFTR genotyping should cost maybe ~$200-400; $700 is expensive, $4045 is ridiculous FMR1 Gene detection sho...
by zebrafish
Tue Apr 08, 2014 11:53 pm
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 5858

Re: Expensive med. test not covered by insurance

Deleted based on information provided later...
by zebrafish
Tue Apr 08, 2014 11:05 pm
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 5858

Re: Expensive med. test not covered by insurance

Deleted based on information provided later...
by zebrafish
Tue Apr 08, 2014 11:00 pm
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 5858

Re: Expensive med. test not covered by insurance

Deleted based on information provided later...
by zebrafish
Tue Apr 08, 2014 10:53 pm
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 5858

Re: Expensive med. test not covered by insurance

Doctors, what would you do in a situation like this? Would you alert a patient if a group of tests could potentially cost them thousands out of pocket? Does your office call their insurance if there is a concern about coverage? I order DNA tests costing in the range of $500 to $6000+ almost every d...
by zebrafish
Thu Apr 03, 2014 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Bogleheads/Paul Merriman
Replies: 33
Views: 4479

Re: Bogleheads/Paul Merriman

Paul Merriman has a great podcast for someone who is just learning about indexing and investing. He is one of the "good guys". In the pure indexing vs. slice/dice/small cap value debate, Paul Merriman is in the latter category. His advice is generally Bogle-esque. Essentially, if you belie...
by zebrafish
Mon Mar 31, 2014 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Earthquake insurance in California
Replies: 27
Views: 1944

Re: Earthquake insurance in California

We carry it because: 1. Earthquakes happen here. 2. Our home is a substantial asset as well as a place to live where we choose to live. 3. We can't afford to rebuild it without using investment and retirement money that we want to live on, not put into our home. 4. We don't want to take out another...
by zebrafish
Sun Mar 23, 2014 7:43 pm
Forum: Personal Consumer Issues
Topic: how to best support cancer research?
Replies: 9
Views: 917

Re: how to best support cancer research?

I don't think you can go wrong with the American Cancer Society. Both my spouse and I have received funding and done some ad hoc reviewing for them. This is a very good organization which is funding very important basic science and clinical research that will help discover new cancer treatments. Con...
by zebrafish
Wed Mar 12, 2014 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on Fund Choices, AA, IRA Custodian, etc.
Replies: 26
Views: 3857

Re: Seeking advice on Fund Choices, AA, IRA Custodian, etc.

4. Up until a few years ago, wife was contributing to traditional 401k, but then started contributing to Roth 401k. When we look up the 401k online, it indicates it is a Roth 401k. We need to better understand how this is split, also on the to-do list. Currently, 100% of your contributions appear t...
by zebrafish
Wed Mar 12, 2014 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on Fund Choices, AA, IRA Custodian, etc.
Replies: 26
Views: 3857

Re: Seeking advice on Fund Choices, AA, IRA Custodian, etc.

1. What is the best strategy to simplify the investments in order to achieve the three/four fund portfolio allocation? One strategy you might consider: 1) Sell all your Roth investments and consolidate them into single money market fund (still within each Roth) 2) Transfer the Roth(s) to Vanguard (...
by zebrafish
Mon Mar 10, 2014 11:06 pm
Forum: Personal Consumer Issues
Topic: Tipping for a haircut at Great Clips
Replies: 56
Views: 5674

Re: Tipping for a haircut at Great Clips

I drop a 20 for haircut w/o shampoo.

C'mon people! These people are working hard for their money. Spare a couple bucks, already.
by zebrafish
Sat Mar 08, 2014 6:36 pm
Forum: Personal Consumer Issues
Topic: Any Subaru owners out there?
Replies: 53
Views: 5291

Re: Any Subaru owners out there?

2009 Outback Wagon. It is the first Subaru I have owned.
A fantastic Car. Currently at 150,000k miles, taking a beating, and still going strong.
It has tons of room for tall people. I'm over 6 feet, and I have several inches of clearance.
I'd definitely buy another.
by zebrafish
Tue Mar 04, 2014 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Student loans and investing
Replies: 3
Views: 420

Re: Student loans and investing

What is the rationale to try to pay it all off now versus paying minimum and paying it off quickly once I am finished with residency? Well, I think you could make the argument that you fund a Roth now. But the rest of the money you have-- a guaranteed ~7% return on every dollar you put on the debt ...

Go to advanced search