Search found 116 matches

by Big Worm
Fri Apr 15, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7831

Re: University of Virginia vs University of Miami

I haven't even liked the Wahoos since Ralph Sampson left but UVa is far and away the better choice.
by Big Worm
Sun Mar 27, 2016 9:10 am
Forum: Personal Finance (Not Investing)
Topic: 412i/412e3
Replies: 0
Views: 306

412i/412e3

I have the opportunity to participate in a defined benefit plan at work and am looking for some guidance. The plan has been traditionally called a 412i but now is referred to as a 412e3. There are a few old threads on this forum concerning 412i plans and unfortunately the general consensus is to run...
by Big Worm
Sun Mar 06, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1375

Re: Vanguard Trust Services

OP, I think you are confusing using the Vanguard Trust Company as trustee, where they very definitely have a minimum, with individual trustees using Vanguard to invest assets of the trust. It appears your situation is the latter and Vanguard Trust Company has nothing to do with your trust. Gill Pro...
by Big Worm
Thu Mar 03, 2016 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Best Retirement Savings Vehicle for Me?
Replies: 2
Views: 318

Re: Best Retirement Savings Vehicle for Me?

How do you get away with paying yourself a $6000 salary?
by Big Worm
Thu Mar 03, 2016 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1375

Re: Vanguard Trust Services

What kind of trust are we talking about? Is this a living (revocable) trust or irrevocable or a special needs trust or ????. Irrevocable. In the very near future I am going to become a co-trustee of a trust (sibling is the other co-trustee). First, being a co-trustee means you and the other co-trus...
by Big Worm
Thu Mar 03, 2016 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1375

Re: Vanguard Trust Services

Don't worry about the income taxes. If the trust is $550,000, and it's invested 60% in stocks yielding 2% and 40% in tax-exempt bonds, it will have $6,600 of dividend income, taxable at 15%. If the bond portion is in taxable bonds yielding 2.5%, that will add another $5,500 of taxable income, for a...
by Big Worm
Thu Mar 03, 2016 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1375

Re: Vanguard Trust Services

Don't worry about the income taxes. If the trust is $550,000, and it's invested 60% in stocks yielding 2% and 40% in tax-exempt bonds, it will have $6,600 of dividend income, taxable at 15%. If the bond portion is in taxable bonds yielding 2.5%, that will add another $5,500 of taxable income, for a...
by Big Worm
Thu Mar 03, 2016 12:25 pm
Forum: Personal Consumer Issues
Topic: Meaning of term "Board Certified Physician"?
Replies: 38
Views: 3939

Re: Meaning of term "Board Certified Physician"?

An internist is not a "specialist" per se. A board-certified internist is certified by the American Board of Internal Medicine, which is a member of the American Board of American Specialties. I can't find where their website says, in so many words, "internists are specialists,"...
by Big Worm
Thu Mar 03, 2016 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1375

Re: Vanguard Trust Services

Big Worm replied to me: As far as I can tell, they don't really do anything except hold the funds. I keep feeling like I am missing something here though. Seems no different than normal investing with Vanguard, except that the investment is labeled a trust fund and is taxed differently and requires...
by Big Worm
Thu Mar 03, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Meaning of term "Board Certified Physician"?
Replies: 38
Views: 3939

Re: Meaning of term "Board Certified Physician"?

An internist is not a "specialist" per se.
by Big Worm
Wed Mar 02, 2016 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1375

Re: Vanguard Trust Services

Don't worry about the income taxes. If the trust is $550,000, and it's invested 60% in stocks yielding 2% and 40% in tax-exempt bonds, it will have $6,600 of dividend income, taxable at 15%. If the bond portion is in taxable bonds yielding 2.5%, that will add another $5,500 of taxable income, for a...
by Big Worm
Wed Mar 02, 2016 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1375

Re: Vanguard Trust Services

Don't worry about the income taxes. If the trust is $550,000, and it's invested 60% in stocks yielding 2% and 40% in tax-exempt bonds, it will have $6,600 of dividend income, taxable at 15%. If the bond portion is in taxable bonds yielding 2.5%, that will add another $5,500 of taxable income, for a...
by Big Worm
Wed Mar 02, 2016 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1375

Re: Vanguard Trust Services

I haven't had any experience with Vanguard Trust but they would be at the top of my list to call when and if I need trust services. What surprised me about your post is your statement that there is no charge for Vanguard Trust services other than any advisory services I might use. Have you confirme...
by Big Worm
Wed Mar 02, 2016 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1375

Vanguard Trust Services

In the very near future I am going to become a co-trustee of a trust (sibling is the other co-trustee). Right now the trust is in a commercial brokerage and is valued at approximately $550,000. The trust currently is invested in relatively low-risk, stable investments. Distributions from the trust a...
by Big Worm
Sat Feb 27, 2016 8:10 am
Forum: Personal Consumer Issues
Topic: [Any risk in] Paying cash for services [when offered a discount]
Replies: 61
Views: 5176

Re: Paying cash for services

Contractor is dodging taxes.
by Big Worm
Mon Jan 11, 2016 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Possible to complete back door roth via online Vanguard?
Replies: 8
Views: 573

Re: Possible to complete back door roth via online Vanguard?

mmmark wrote:Is there any amount of time that you should wait before moving the money from the Traditional to the Roth IRA? Is there any potential negative consequence to moving the money immediately or should you wait some amount of time (month, etc...)?


2 weeks.
by Big Worm
Sun Jan 03, 2016 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard fund with 10 year horizon
Replies: 3
Views: 400

Re: Vanguard fund with 10 year horizon

The problem with this plan is that as you approach the end of ten years your horizon is shrinking to zero. That fund is 60% stocks which exposes you to significant risk just as you need the money. If it is really important to have a predictable and reliable amount of money available at a fixed time...
by Big Worm
Sun Jan 03, 2016 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard fund with 10 year horizon
Replies: 3
Views: 400

Vanguard fund with 10 year horizon

I would like to set aside a fixed amount of money quarterly in anticipation of building a vacation home in approximately 10 years. I currently have a Roth IRA with Vanguard and am interested in finding a good Vanguard fund. My risk tolerance is medium-high. I am trying to sort out the differences be...
by Big Worm
Sun Nov 22, 2015 8:01 pm
Forum: Personal Consumer Issues
Topic: Best TV to buy
Replies: 96
Views: 9627

Re: Best TV to buy

Vizio smart TV for sure.
by Big Worm
Fri Nov 06, 2015 11:30 am
Forum: Personal Finance (Not Investing)
Topic: In a Housing Bind...
Replies: 60
Views: 6233

Re: In a Housing Bind...

mirror wrote:No drugs or anything but definitely a lot of alcohol and motorcycles in the middle of the night. With two kids under 2 they wake up constantly.


I would move ASAP.
by Big Worm
Sun Oct 11, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Car Miles deduction
Replies: 6
Views: 764

Re: Car Miles deduction

I don't think any of it is deductable. Of course I am not a CPA. I suggest checking with a reputable one.
by Big Worm
Thu Jun 11, 2015 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan vs 401K
Replies: 7
Views: 961

Re: Defined Benefit Plan vs 401K

imanagecat wrote:My wife was planning on opening a solo 401K with vanguard (1099 physician) but her co-worker said he set up a defined benefit plan and is able to put in $100K each year. I've never heard of a defined benefit plan -- is this actually superior to a solo 401K?


google 412i defined benefit plan
by Big Worm
Wed Feb 25, 2015 11:15 am
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 284
Views: 37112

Re: What are Costco's best deals?

The pesto is amazing!
by Big Worm
Wed Feb 25, 2015 11:13 am
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 12287

Re: physicians

DTSC wrote:I try to AVOID Sermo. Misery loves company, but only to a point. After a while there's just too much negativity and it doesn't help my mood.


Incredibly negative over there.
by Big Worm
Wed Feb 25, 2015 10:15 am
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 12287

Re: physicians

stacato wrote:Are there any boglehead physicians who are tired of the current medical practice and ready to give it up?


Every single stinking day. No way out for now though.
by Big Worm
Mon Feb 09, 2015 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Rejected from disability insurance
Replies: 18
Views: 2215

Re: Rejected from disability insurance

Impromptu wrote:Residencies often provide cheap disability insurance coverage, though it only lasts as long as residency.


I carried mine over from residency.
by Big Worm
Sun Feb 08, 2015 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Rejected from disability insurance
Replies: 18
Views: 2215

Re: Rejected from disability insurance

Does the American Medical Association or your state medical association or society offer disability insurance? Sometimes it's easier to get coverage through these plans than if you buy it outside these plans. I know that I regularly received mailings when I was a medical resident regarding disabili...
by Big Worm
Thu Oct 23, 2014 9:17 pm
Forum: Personal Consumer Issues
Topic: Gift ideas for [1yo boy and 4yo girl]?
Replies: 9
Views: 698

Re: Gift ideas for kids?

Anything remotely related to the movie Frozen for the girl.
by Big Worm
Sun Oct 12, 2014 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Losing money, please advise
Replies: 36
Views: 5948

Re: Losing money, please advise

Stay the course. I have a chunk in the 2030 fund and am not fazed one bit.
by Big Worm
Mon Sep 22, 2014 10:20 am
Forum: Personal Consumer Issues
Topic: Anyone know anything about diamond rings?
Replies: 49
Views: 3382

Re: Anyone know anything about diamond rings?

Visit bluenile.com before you do anything. I used them and was very satisfied.
by Big Worm
Sun Sep 21, 2014 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 174
Views: 9772

Re: how to prevent medical expense catastrophe?

As an OR nurse in olden times, I was outraged at the article for a different reason. Spinal surgery always required first an orthopod and then a neurosurgeon. Do you want an orthopedic surgeon fiddling with your spinal nerves, or a neurosurgeon trying to manipulate vertebrae? These two specialties ...
by Big Worm
Thu Sep 11, 2014 4:14 pm
Forum: Personal Consumer Issues
Topic: I need a personal scheduler
Replies: 24
Views: 2374

Re: I need a personal scheduler

I use google calndar and sync it with all apple products. Works great.
by Big Worm
Sat Sep 06, 2014 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Six-Figure Incomes—and Facing Financial Ruin [WSJ article]
Replies: 59
Views: 10608

Re: Six-Figure Incomes—and Facing Financial Ruin [WSJ articl

I pulled it up no problem using copy and paste of the article title in google chrome browser.
by Big Worm
Sat Jul 12, 2014 2:57 pm
Forum: Personal Consumer Issues
Topic: Ditch car and commute to work in 250cc scooter in Raleigh?
Replies: 79
Views: 7903

Re: Ditch car and commute to work in 250cc scooter in Raleig

No way.

Around here scooters and mopeds are called liquorcycles.
by Big Worm
Sat Jul 05, 2014 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot qualify for physician disability insurance.
Replies: 30
Views: 2787

Re: Cannot qualify for physician disability insurance.

The insurance companies play hardball in cases like this. Depending on your clinical situation, the insurance companies may or may not understand the position you are in. It doesn't matter though. You have been pegged as having excessive risk that they are not willing to shoulder (fair or not). If y...
by Big Worm
Mon Jun 30, 2014 10:29 am
Forum: Investing - Help with Personal Investments
Topic: New Attending Physician Tomorrow Advice?
Replies: 17
Views: 2729

Re: New Attending Physician Tomorrow Advice?

Keep you feet on the ground and keep reaching for the stars.

Be nice to everybody.

What is/was your residency/fellowship in?
by Big Worm
Sat Jun 28, 2014 7:52 pm
Forum: Investing - Theory, News & General
Topic: Suggestions for teaching new MDs about finance?
Replies: 39
Views: 3255

Re: Suggestions for teaching new MDs about finance?

White Coat Investor is a great resource.
by Big Worm
Wed Jun 25, 2014 5:21 pm
Forum: Personal Consumer Issues
Topic: Contractor Messed up
Replies: 45
Views: 3223

Re: Contractor Messed up

ralph124cf wrote:1. Ask your wife.

2. Do what she says.

Ralph


+1
by Big Worm
Wed Jun 25, 2014 5:20 pm
Forum: Personal Consumer Issues
Topic: Recommendations for 3 days in South Lake Tahoe
Replies: 9
Views: 938

Re: Recommendations for 3 days in South Lake Tahoe

I have never been to Tahoe but I have had good luck on vrbo.com before.
by Big Worm
Mon Jun 23, 2014 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing Expenses for Future Family
Replies: 77
Views: 3948

Re: Reducing Expenses for Future Family

[/quote] A lot of that must be college. I can't imagine people are forking out $13,000 a year for one person's food, clothes, some extra driving, and misc. That gives them time to save and the kid to study hard enough to get scholarships.[/quote]

I pay over $2000 a month in childcare expenses.
by Big Worm
Mon Jun 23, 2014 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is Medical School Worth it Financially?
Replies: 66
Views: 6333

Re: Is Medical School Worth it Financially?

Read this:

The Deceptive Income of Physicians

http://benbrownmd.wordpress.com/
by Big Worm
Sun Jun 22, 2014 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing mineral rights for oil exploration
Replies: 14
Views: 1310

Re: Leasing mineral rights for oil exploration

Yes, get a lawyer and have her/him review the original seismic survey agreement. It may contain language on options for leasing, etc. No language in the seismic survey agreement about leasing stuff. Poking around the internet 100-400 dollars per net mineral acre and 20-25% royalties seem to be the ...
by Big Worm
Sun Jun 22, 2014 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing mineral rights for oil exploration
Replies: 14
Views: 1310

Re: Leasing mineral rights for oil exploration

Thanks for the replies. I only browsed the linked forum a little bit but it appears to have a lot of good information. By nature I am very leery of business propositions such as this one. There are a number of stories on that forum about people being swindled. Obviously lots of money can be involved...
by Big Worm
Fri Jun 20, 2014 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing mineral rights for oil exploration
Replies: 14
Views: 1310

Leasing mineral rights for oil exploration

I own a small amount of land that recently underwent seismic testing so that the possibility of drilling for oil could be explored. Apparently the seismic testing was favorable because I have been contacted by a representative of the drilling outfit asking me to sign a contract for oil and gas lease...
by Big Worm
Sun May 25, 2014 6:49 pm
Forum: Personal Consumer Issues
Topic: Netflix vs Amazon Prime?
Replies: 21
Views: 2919

Re: Netflix vs Amazon Prime?

I have both.

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