Search found 2216 matches

by Artsdoctor
Wed Sep 28, 2016 8:05 am
Forum: Personal Finance (Not Investing)
Topic: How it really feels to have investments during a bear market?
Replies: 60
Views: 3602

Re: How it really feels to have investments during a bear market?

I am only curious, how does it really feels when the market "crashes"? How difficult is it to fight (sheep following) and not locking your losses? Or it is not that difficult after all with good education? The market dropped over 10% earlier this year. How did that feel to you? Did you ev...
by Artsdoctor
Tue Sep 27, 2016 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: How it really feels to have investments during a bear market?
Replies: 60
Views: 3602

Re: How it really feels to have investments during a bear market?

Each bear market is different. My first introduction was the 1987 plunge, then the 2000 meltdown, and then the 2008 catastrophe. In 1987 (age 30's), I didn't have perspective at all. I had just started investing and had probably $10,000 in the market! Of course I sold at the bottom because I had no ...
by Artsdoctor
Mon Sep 26, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: S corp for physician
Replies: 14
Views: 1120

Re: S corp for physician

If you want to do some basic reading, do so and then take a look at this link. It's not good enough to act as a primer, but once you know the terms, it does give you an idea of the pros and cons.

https://www.irs.gov/pub/irs-utl/2015_NT ... S-Corp.pdf
by Artsdoctor
Mon Sep 26, 2016 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Purpose of Dividends
Replies: 39
Views: 3461

Re: Purpose of Dividends

I think you'd have to go back and look at the history of stock dividends. This is a complex issue but I would venture a guess that it can be distilled down to: Stock dividends were paid for decades and were seen by some as an indicator of the health of the company, among other things. People liked g...
by Artsdoctor
Mon Sep 26, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: S corp for physician
Replies: 14
Views: 1120

Re: S corp for physician

Ralph,

The group practice would generally pay this, not the individual S Corp (at least for our situation).
by Artsdoctor
Sun Sep 25, 2016 3:07 pm
Forum: Personal Consumer Issues
Topic: Would you buy this house in a flood zone? HELP!
Replies: 63
Views: 3249

Re: Would you buy this house in a flood zone? HELP!

mouses wrote:
Artsdoctor wrote:Clearly, you have never lived through a disaster.


Quite wrong. I was living here during the 1954 flood, and I was living in California when a creek flooded. Both times water got into the respective houses.


Then you are a very hardy soul! The Red Cross could use people like you. :beer
by Artsdoctor
Sat Sep 24, 2016 2:26 pm
Forum: Personal Consumer Issues
Topic: Would you buy this house in a flood zone? HELP!
Replies: 63
Views: 3249

Re: Would you buy this house in a flood zone? HELP!

Personally, I would have a hard time living with myself if a disaster occurred, my house was flooded, and I had the wherewithal to have avoided the situation in the first place. It's a house. It's not a cure for polio or something. You "would have a hard time living with yourself" if your...
by Artsdoctor
Sat Sep 24, 2016 1:50 pm
Forum: Personal Consumer Issues
Topic: Would you buy this house in a flood zone? HELP!
Replies: 63
Views: 3249

Re: Would you buy this house in a flood zone? HELP!

Mama, It might seem odd coming from someone living in earthquake territory, but I wouldn't take this risk if I were in your shoes. When we bought are house, we intentionally avoided areas that crumpled during previous earthquakes (liquefaction) and paid for a geological survey. Additionally, we inte...
by Artsdoctor
Sat Sep 24, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Stay a 1099 contractor or incorporate?
Replies: 18
Views: 1393

Re: Stay a 1099 contractor or incorporate?

Sky, Your income probably isn't enough to justify incorporating. I would personally keep your Sch C set-up and just make your expenses squeaky clean. The numbers are going to be very small anyway and it's just not worth the hassle of having to justify a few bucks of expenses here and there. Perhaps ...
by Artsdoctor
Sat Sep 24, 2016 1:36 pm
Forum: Investing - Theory, News & General
Topic: I guess we better peek when it comes to Vanguard
Replies: 37
Views: 5142

Re: I guess we better peek when it comes to Vanguard

I have been investing for retirement since the early 1980's. I have found four mistakes when reconciling accounts: two at TIAA-CREF and two at Vanguard. The two at Vanguard were minor and were corrected easily, and they would have been corrected later anyway (I received a mass e-mailing). The two at...
by Artsdoctor
Sat Sep 24, 2016 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Investments
Replies: 20
Views: 1373

Re: HSA: Investments

It certainly approaches the level of deception although you could argue that it's just sloppy. When describing fees associated with one type of investment, the fees are described in annual terms; however, when choosing another type of investment category, the fees are described in monthly terms. Two...
by Artsdoctor
Fri Sep 23, 2016 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: S corp for physician
Replies: 14
Views: 1120

Re: S corp for physician

Strong boy, I'm not clear what you're comparing. W2 versus S Corp? When you're negotiating your job details, are you even able to choose between the two? Don't forget that an S Corp is going to allow you run work-related expenses through the corporation thereby reducing your taxable income. Aside fr...
by Artsdoctor
Thu Sep 22, 2016 3:19 pm
Forum: Personal Consumer Issues
Topic: Stop-over or side trip to or from Australia
Replies: 8
Views: 570

Re: Stop-over or side trip to or from Australia

14, What's important to you? Does it matter if you have 1, 2, or 3 stops? Would you like urban or remote? How far away do you want from Sydney, if that's where your final destination is? Singapore's a pretty distinct urban experience. Between Singapore and Bangkok, I find the latter more interesting...
by Artsdoctor
Thu Sep 22, 2016 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: What Percentage To Put In International Stock?
Replies: 57
Views: 4431

Re: What Percentage To Put In International Stock?

Having an international allocation has really held me back over the past several years, and I'm none too happy about it. I feel like I've taken foul-tasting medicine. Consequently, I have cheated and done an un-Boglehead thing: I've changed my asset allocation and allowed my 33% international alloca...
by Artsdoctor
Thu Sep 22, 2016 1:49 pm
Forum: Personal Consumer Issues
Topic: Stolen Medical Data
Replies: 9
Views: 1133

Re: Stolen Medical Data

How to proceed could depend on the extent of the data breach. If there were several hundred patients involved, the office is required to get HHS involved. An investigation will be launched to see if reasonable protection was undertaken to assure the safety of your medical records. A lot of large gro...
by Artsdoctor
Wed Sep 21, 2016 1:12 pm
Forum: Investing - Theory, News & General
Topic: The states we won't buy munis from, update
Replies: 50
Views: 5701

Re: The states we won't buy munis from, update

This is where you always get into trouble: the devil is always in the details. The Baird High Quality Muni Fund has a very impressive line-up of "high quality" bonds: AAA, AA, and pre-refunded bonds. But if you really take a look under the hood, you're going to find quite a few AAA GO bond...
by Artsdoctor
Wed Sep 21, 2016 12:55 pm
Forum: Investing - Theory, News & General
Topic: Bond Fund vs. Individual Bonds
Replies: 20
Views: 1631

Re: Bond Fund vs. Individual Bonds

If you're in the accumulation stage, in general, you can't beat bond funds. They are so efficient and, if at Vanguard, cheap as heck. If you're approaching retirement or in retirement, you could have a weeklong symposium on the pros and cons of one or the other, or a combination of the two. Vanguard...
by Artsdoctor
Sat Sep 17, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Use HSA for previously incurred medical expenses, and full-year HSA contribution limits?
Replies: 12
Views: 880

Re: Use HSA for previously incurred medical expenses, and full-year HSA contribution limits?

I appreciate the wisdom on this form and want to ask about my situation. I have an HSA (single plan) through work and have been contributing for several years. I am married, but my spouse is on their own insurance plan through their workplace (no HSA available for them). Due to a qualifying live ev...
by Artsdoctor
Sat Sep 17, 2016 9:27 am
Forum: Personal Finance (Not Investing)
Topic: HSABank: How to withdraw money and reflect it in taxes?
Replies: 49
Views: 2551

Re: HSABank: How to withdraw money and reflect it in taxes?

Victoria, I like the idea of affixing one's 1040 with Schedule A to each year's HSA medical file in order to prove that medical deductions were not taken. However, the IRS does have its own records and they should be able to produce the Schedule A if they're really launching an audit. Nonetheless, i...
by Artsdoctor
Fri Sep 16, 2016 11:05 am
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 391
Views: 43088

Re: TIPS - Did you give up?

Columbo, I'm not sure there's a right answer to when one should set up a TIPS ladder, if that is what one wants to do. For me, there was a distinct change in investment behavior by the time I turned 55. Before that, I was firmly in the "accumulation stage" of investing. My entire focus was...
by Artsdoctor
Thu Sep 15, 2016 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Stock with significant gains
Replies: 12
Views: 1081

Re: Stock with significant gains

I would like to tap into the collective knowledge of this board to get some thoughts on how to handle a stock with significant gains. I have a single stock with over $300k in long-term gains (a pre-Boglehead super-lucky pick). I am in the highest federal tax bracket and live in California. If I sel...
by Artsdoctor
Thu Sep 15, 2016 5:20 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 391
Views: 43088

Re: TIPS - Did you give up?

^ Thanks for clarifying my words! :D Even if you purchased your individual bond at a negative real yield, you're still going to get your interest every six months. I did not want to get into amortization because I figure it would complicate the picture but you're right. Sometimes I find it difficult...
by Artsdoctor
Thu Sep 15, 2016 9:51 am
Forum: Investing - Theory, News & General
Topic: WSJ: Bank Balance better predictor of happiness than Total Wealth
Replies: 43
Views: 6148

Re: WSJ: Bank Balance better predictor of happiness than Total Wealth

I read this article and chuckled. It certainly rang true with me. I realize intellectually that I can get my hands on cash by simply selling investments in my taxable account. I know it, and yet I just don't like it. I always keep cash around. Granted, I'll search out the highest online savings acco...
by Artsdoctor
Thu Sep 15, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: "To raise the car insurance deductible or not to raise it, that is the question" William Shakespeare!
Replies: 14
Views: 981

Re: "To raise the car insurance deductible or not to raise it, that is the question" William Shakespeare!

I think you raise a great point, and it gets to the heart of how you view insurance. I can't pretend to know how others might view it, but to me it all comes down to philosophy more than money. In my mind, I hope I never use my insurance policies, and I have multiple different types of insurance. Wh...
by Artsdoctor
Wed Sep 14, 2016 9:54 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 391
Views: 43088

Re: TIPS - Did you give up?

Columbo, The reason why I set up a TIPS ladder is because I wanted a specific amount of money going due each year between the ages of 65-85. I started setting it up in my mid-50s although I had purchased some TIPS already in the 2008-2009 financial crisis. The purpose of the ladder for me was becaus...
by Artsdoctor
Wed Sep 14, 2016 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Denied Term Life Insurance/A Reminder to Get Your House in Order
Replies: 38
Views: 3342

Re: Denied Term Life Insurance/A Reminder to Get Your House in Order

Some good suggestions above. Unless I missed it, you didn't share your profession. I can't speak for anything other than medicine, but there are several societies you can join which would then allow you to obtain life insurance through a group plan. If your profession has a national organization of ...
by Artsdoctor
Wed Sep 14, 2016 9:14 am
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 391
Views: 43088

Re: TIPS - Did you give up?

Bogleheads, I did not see any dividends declared by the fund for the quarter. Essentially there is no cash flow from dividends. This is tough for a retirees! My concern is how this fund will perform and the related volatility as interest rates rise. There are some retirees who are still trying to l...
by Artsdoctor
Wed Sep 14, 2016 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Got [a bad deal] on muni bonds
Replies: 66
Views: 5393

Re: Got [a bad deal] on muni bonds

The one thing I don't understand, if I have to pay a premium above par to buy a bond, why do I have to sell it at a loss. Do brokers take their fees out of this money? Can't seem to get an answer from them. You don't HAVE to take a loss at all. There are some fundamentals of bonds that you have to ...
by Artsdoctor
Tue Sep 13, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Long term care rate increase
Replies: 21
Views: 1956

Re: Long term care rate increase

LTC has become a dysfunctional marketplace and I would advise assessing your personal situation carefully in conjunction with the options the company may provide you with respect to the premiums you have already paid. If you stopped paying the premiums now, would you keep a reduced benefit or lose ...
by Artsdoctor
Sun Sep 11, 2016 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Contingent beneficiaries: Simultaneous Death- both spouses? (Will v. Trust)
Replies: 20
Views: 1593

Re: Contingent beneficiaries: Simultaneous Death- both spouses? (Will v. Trust)

Mike, Yes, your plan is simple and well-thought out. You also don't have the potential for complex family dynamics to bubble to the surface. Our case is pretty similar as well. You can really stretch things out in the ICU for 30 days, and I've definitely seen my share of healthcare powers of attorne...
by Artsdoctor
Sun Sep 11, 2016 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Contingent beneficiaries: Simultaneous Death- both spouses? (Will v. Trust)
Replies: 20
Views: 1593

Re: Contingent beneficiaries: Simultaneous Death- both spouses? (Will v. Trust)

One interesting wrinkle: define "die at the same time." Some families are very traditional and straight-forward. Some are not. An easy to imagine scenario: Both spouses are in a motor vehicle accident. One dies instantaneously, the other is taken to the hospital and dies in the ICU. Did t...
by Artsdoctor
Sun Sep 11, 2016 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Contingent beneficiaries: Simultaneous Death- both spouses? (Will v. Trust)
Replies: 20
Views: 1593

Re: Contingent beneficiaries: Simultaneous Death- both spouses? (Will v. Trust)

One interesting wrinkle: define "die at the same time." Some families are very traditional and straight-forward. Some are not. An easy to imagine scenario: Both spouses are in a motor vehicle accident. One dies instantaneously, the other is taken to the hospital and dies in the ICU. Did th...
by Artsdoctor
Sat Sep 10, 2016 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Why are Treasury prices AND Stock prices both down today?
Replies: 45
Views: 4234

Re: Why are Treasury prices AND Stock prices both down today?

Throughout the day, I usually keep an eye on the S&P 500 average and the 10 yr US Treasury yield. Today, the S&P 500 is down big (-2.45%). but the 10-Yr Bond yield is UP 6 basis points (which mean bond prices are down.) To my recollection, usually there is an inverse price relationship. Whe...
by Artsdoctor
Sat Sep 10, 2016 4:32 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle investing: it depends on the insurance market being very efficient, right?
Replies: 13
Views: 1438

Re: Lifecycle investing: it depends on the insurance market being very efficient, right?

^ Yes, agree totally. There is some concern, and I don't know how real this is, that annuity payout amounts might also depend on other unrelated aspects of insurance company stress. It's no secret that insurance companies are having a very tough time in this low rate environment (witness the dramati...
by Artsdoctor
Sat Sep 10, 2016 8:22 am
Forum: Investing - Theory, News & General
Topic: Lifecycle investing: it depends on the insurance market being very efficient, right?
Replies: 13
Views: 1438

Re: Lifecycle investing: it depends on the insurance market being very efficient, right?

^ I can definitely sympathisize with this. Although you could dig around, pensions are generally pretty opaque even here. And trying to see what's beneath the hood of an insurance company when it comes to annuity payout management is next to impossible. This is one of the reasons I prefer and use TI...
by Artsdoctor
Fri Sep 09, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing home question [Can they go after my Mom's assets?]
Replies: 28
Views: 2999

Re: Nursing home question [Can they go after my Mom's assets?]

Medicaid lookback is 5 years, so if you think you can keep your father out of a nursing home for 5 more years, then now is the time to move money around to protect/shield assets. Also, Medicaid will cover in-home nursing care but not assisted living. Assests have to be depleted for Medicaid, whethe...
by Artsdoctor
Fri Sep 09, 2016 7:41 pm
Forum: Investing - Theory, News & General
Topic: Wall St. Nuclear Meltdown
Replies: 62
Views: 8594

Re: Wall St. Nuclear Meltdown

"Meltdown" noted. Now can we talk about what's for dinner? Here it's a Mediterranean chicken tagine with olives and preserved lemon, spooned over couscous with with toasted pine nuts. :) I think I have that recipe! It's excellent. The best thing is that when markets are down, chicken thig...
by Artsdoctor
Fri Sep 09, 2016 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Why are Treasury prices AND Stock prices both down today?
Replies: 45
Views: 4234

Re: Why are Treasury prices AND Stock prices both down today?

I'm 100% in stocks for this reason. Another reason is that I am young enough, and risk-tolerant enough to bear a 100% stock allocation. In my opinion, the stock and bond inverse correlation has broken down. When rates are low, bond prices rise. When rates are high, bond prices drop. Wow. Vanguard T...
by Artsdoctor
Fri Sep 09, 2016 7:29 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle investing: it depends on the insurance market being very efficient, right?
Replies: 13
Views: 1438

Re: Lifecycle investing: it depends on the insurance market being very efficient, right?

Michael Zwecher is also helpful: "Retirement Portfolios" although it's a bit dense. I think that sometimes people get bogged down in choosing one investment principle over another. However, there's really no reason you can't combine a more traditional investment portfolio with a life-cycle...
by Artsdoctor
Fri Sep 09, 2016 2:44 pm
Forum: Investing - Theory, News & General
Topic: Wall St. Nuclear Meltdown
Replies: 62
Views: 8594

Re: Wall St. Nuclear Meltdown

And don't forget. Today is distribution day for many widely held Vanguard mutual funds so you're going to see a drop by that amount as well . . . I'm not sure why the distribution date is so early this quarter but I'm sure we're going to see a lot of "why did my mutual fund drop so much?" ...
by Artsdoctor
Fri Sep 09, 2016 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Got [a bad deal] on muni bonds
Replies: 66
Views: 5393

Re: Got [a bad deal] on muni bonds

I find it interesting that from the many responses from my post, no one has a clear answer about how muni bonds work. I just went by what Suzi Orman said which was don't buy muni bond funds because of all the hidden fees, but do buy individual bonds instead. From what I've been reading online, brok...
by Artsdoctor
Fri Sep 09, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Should my living trust "own" my safe deposit box?
Replies: 22
Views: 1670

Re: Should my living trust "own" my safe deposit box?

There have been numerous newspaper articles written on how difficult banks can be when the owner of an account dies. As hard it might be to imagine, they can evidently refuse to recognize financial powers of attorney, at least initially. Ostensibly, they are protecting the owner against fraud but t...
by Artsdoctor
Thu Sep 08, 2016 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing home question [Can they go after my Mom's assets?]
Replies: 28
Views: 2999

Re: Nursing home question [Can they go after my Mom's assets?]

I realize that the thought of hiring an attorney conjures up an image of a huge cash outlay. However, there is no room for error when it comes to financial plans for nursing facilities. We may be putting the cart before the horse when it comes to Medicaid planning but it's far better to do this as f...
by Artsdoctor
Thu Sep 08, 2016 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement - #'s too close for comfort?
Replies: 26
Views: 3514

Re: Early retirement - #'s too close for comfort?

A couple of things to clarify. There's a very long stretch between now and being eligible for Medicare. The insurance marketplace, in my opinion, is relatively unstable because insurers are still trying to find how much health care is costing them. This means that premiums are very difficult to pred...
by Artsdoctor
Thu Sep 08, 2016 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing home question [Can they go after my Mom's assets?]
Replies: 28
Views: 2999

Re: Nursing home question

The first thing you need to realize is that this is extremely state-specific. You may get a lot of pieces of advice on this forum, but unless someone has actually been through this in FL, I wouldn't put much too much stock in it. The best thing you can do is to find a elder law attorney. I would do ...
by Artsdoctor
Thu Sep 08, 2016 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should my living trust "own" my safe deposit box?
Replies: 22
Views: 1670

Re: Should my living trust "own" my safe deposit box?

There have been numerous newspaper articles written on how difficult banks can be when the owner of an account dies. As hard it might be to imagine, they can evidently refuse to recognize financial powers of attorney, at least initially. Ostensibly, they are protecting the owner against fraud but th...
by Artsdoctor
Thu Sep 08, 2016 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Question about capital gains on home sale.
Replies: 35
Views: 1973

Re: Question about capital gains on home sale.

Well, the improvements were made ten years ago, before she took out all her equity, but you are right she made extremely poor decisions. I would call her extremely gullible. She was basically swindled ala Madoff style. She is 62 and no degree, not any special skills, and has had a hard time finding...
by Artsdoctor
Wed Sep 07, 2016 8:51 pm
Forum: Personal Consumer Issues
Topic: Confederate Money (where to sell)
Replies: 29
Views: 2180

Re: Confederate Money (where to sell)

I am glad to see this is about selling currency issued by the Confederate States of America... :shock: I think Dulocracy's preamble was pretty on-point. He has no emotional attachment here. He has something to sell and there are collectors out there who may want what he has. Much of my family is fr...
by Artsdoctor
Wed Sep 07, 2016 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - Planning Questions ... UPDATE
Replies: 48
Views: 5805

Re: Early Retirement - Planning Questions ... UPDATE

I'm going to apologize in advance for not reading every detail of your assumptions. A few things to consider, if you haven't already: 1. Regarding social security, you might want to really take a look at what your benefit will be without the printout you'll get from your regular SS form. The formula...
by Artsdoctor
Wed Sep 07, 2016 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Increase Hand-in-Hand with Tax Increase
Replies: 34
Views: 2232

Re: Salary Increase Hand-in-Hand with Tax Increase

^ Yes, and it allows some end-of-the-year tax planning once the software becomes available around Thanksgiving. You can see if batching your real estate taxes makes sense, you can scale up (or back) your charitable contribution for December versus January, you can play around with your withholding i...

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