Search found 142 matches

by Big Worm
Tue Jul 11, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 15931

Re: Costco vs. other wholesale clubs

engineer1969 wrote:
Big Worm wrote:
thebogledude wrote:I like that Costco has no coupons, this tells me that their prices are close to what they pay.
I get coupons in the mail from Costco every month.

I am a member of Sam's, BJ's and Costco. I like Costco the best.
No coupon required at the register.
So why do they send them out?
by Big Worm
Tue Jul 11, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 15931

Re: Costco vs. other wholesale clubs

thebogledude wrote:I like that Costco has no coupons, this tells me that their prices are close to what they pay.
I get coupons in the mail from Costco every month.

I am a member of Sam's, BJ's and Costco. I like Costco the best.
by Big Worm
Sun Apr 02, 2017 8:42 pm
Forum: Personal Consumer Issues
Topic: What to see in Philly?
Replies: 32
Views: 2431

Re: What to see in Philly?

Forget all the touristy cheesesteak places.

Dalessandro's in Roxborough is the best by far!

Although Chubby's is pretty good and is right across the street and has fries.
by Big Worm
Sun Apr 02, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: Second car for larger family - ideas/suggestions?
Replies: 32
Views: 2078

Re: Second car for larger family - ideas/suggestions?

I think the station wagon is an underrated vehicle for toting, and could provide your brood lots of good memories down the road. Either that, or no one will want to ride with you, and your problem is solved. I think it's possible to fit around 13 people in this one, but the configuration of the bac...
by Big Worm
Sat Mar 25, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Question for Docs/Surgeons/ARNPs
Replies: 23
Views: 3311

Re: Question for Docs/Surgeons/ARNPs

spammagnet wrote:
Big Worm wrote:Sadly, it's not the doctor's lounge anymore. It's the "provider's lounge" which is just one more reason that healthcare and being a physician is in the crapper compared to what it used to be.

Gotta eat with the riff-raff?


I always get mine to go.
by Big Worm
Wed Mar 15, 2017 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Question for Docs/Surgeons/ARNPs
Replies: 23
Views: 3311

Re: Question for Docs/Surgeons/ARNPs

Litfury wrote:I oftentimes eat lunch with them in the "doctor's lounge" at our hospital as well.


Sadly, it's not the doctor's lounge anymore. It's the "provider's lounge" which is just one more reason that healthcare and being a physician is in the crapper compared to what it used to be.
by Big Worm
Wed Feb 22, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: 1.3 million dollars in debt
Replies: 36
Views: 8994

Re: 1.3 million dollars in debt

I still want to know what exactly the "massive" tax writeoff entails and who gave the advice that it should be a writeoff to begin with.
by Big Worm
Mon Feb 20, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: 1.3 million dollars in debt
Replies: 36
Views: 8994

Re: 1.3 million dollars in debt

Hey everyone, I've been a lurker for a couple of months and finally worked up enough courage to post my pretty ridiculous situation. Any tips would be greatly appreciated. I'm 28 years old and graduated school in May of 2015 with 380K in debt. I'm fortunate enough to have landed a pretty good assoc...
by Big Worm
Sun Feb 19, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: 1.3 million dollars in debt
Replies: 36
Views: 8994

Re: 1.3 million dollars in debt

[/quote] Its a medical practice. Most of which is supplies, depreciation, and goodwill.[/quote]

What kind of medical practice?

Is A/R used in calculating your buy-in?

Are you writing the buy-in off on the advice of an accountant?
by Big Worm
Sat Feb 18, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: 1.3 million dollars in debt
Replies: 36
Views: 8994

Re: 1.3 million dollars in debt

Slayer37 wrote:I have some massive tax writeoffs in 2017 due to the buy-in and I'm unsure where I should put the extra money as I know it's for this year ONLY.


How is your buy-in calculated and what exactly are you writing off?
by Big Worm
Wed Feb 15, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Retire in my 30s?!
Replies: 34
Views: 6408

Re: Retire in my 30s?!

What is the business?
by Big Worm
Tue Feb 14, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Physician contract restrictive covenant
Replies: 23
Views: 2009

Re: Physician contract restrictive covenant

DW has a contract for a specialty with a group and the restrictive covenant states a non-compete in all surrounding county areas for 2 years post separation with a double 6 figure payoff. We feel this is excessive given DW will only be working out of one site in one county. Pushed back requesting r...
by Big Worm
Mon Feb 06, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: low cost one person DB plan
Replies: 35
Views: 3404

Re: low cost one person DB plan

My assumption was that nobody really takes the annuity when they retire. Instead, they just roll over the lump sum into an IRA.
by Big Worm
Sun Feb 05, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2933

Re: Full time physician as S-Corp PLUS physician moonlighting

$270K as salary and the rest as K1 will fly through an IRS audit if there ever is one :wink:
by Big Worm
Sat Feb 04, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2933

Re: Full time physician as S-Corp PLUS physician moonlighting

It just wouldn't make any logical sense for someone to have $750,000 in gross proceeds, as an individual, and then have a salary of $265,000. "Reasonable" can vary a great deal. Disagree 100%. There are plenty of jobs out there that advertise for a salary of this amount. The $265,000 figu...
by Big Worm
Sat Feb 04, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2933

Re: Full time physician as S-Corp PLUS physician moonlighting

Why are you working full time for a place and not a partner there? The group that I work for does not offer partnership tracks. It is unfortunate that there are groups out there that take advantage of others. If you are working full-time, then you deserve the courtesy of being able to share in the ...
by Big Worm
Tue Jan 31, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2933

Re: Full time physician as S-Corp PLUS physician moonlighting

Hello, I am a physician, and I contract out with an anesthesia group to provide full-time anesthesia services. In return, that group pays my S-corp (PA, professional association) a lump sum for my contracted services. I take a little over half of that sum as salary and the rest as distribution/K-1 ...
by Big Worm
Mon Jan 30, 2017 11:18 am
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 6684

Re: Please tell me if I can afford this Porsche

No offense, but do you really need someone else to tell you that you can afford a Porsche when you have a million dollars a year coming in? Leaving aside questions of extreme frugality. . . Ever since I was a boy, I've wanted a Porsche. Now I can afford one with relative ease. Background: -- 30 year...
by Big Worm
Sat Dec 10, 2016 10:57 am
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 238
Views: 58116

Re: My New Car Buying Tips

I used Costco. Easy-peasy. I couldn't stomach dealing with all that haggling and the time and effort it takes. I was very disappointed in Costco. I signed up but only got a call from the local dealers I had already contacted without much luck. They all wanted me to come in and negotiate. I put in a...
by Big Worm
Fri Dec 09, 2016 5:03 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 238
Views: 58116

Re: My New Car Buying Tips

I used Costco. Easy-peasy. I couldn't stomach dealing with all that haggling and the time and effort it takes.
by Big Worm
Thu Aug 11, 2016 7:42 pm
Forum: Personal Consumer Issues
Topic: VW TDI Buyback - Now or in Two Years?
Replies: 2
Views: 403

Re: VW TDI Buyback - Now or in Two Years?

selling, no question.
by Big Worm
Sat Jul 02, 2016 10:32 am
Forum: Personal Consumer Issues
Topic: Your Favorite Factory Tours?
Replies: 70
Views: 5960

Re: Your Favorite Factory Tours?

OK you are crazy :?
by Big Worm
Fri Jul 01, 2016 9:46 pm
Forum: Personal Consumer Issues
Topic: Your Favorite Factory Tours?
Replies: 70
Views: 5960

Re: Your Favorite Factory Tours?

I went on the Hershey many many years ago. I think I remember gigantic vats of chocolate being mixed and thinking it was the greatest thing a kid could ever imagine.
by Big Worm
Fri Jul 01, 2016 9:04 pm
Forum: Personal Consumer Issues
Topic: Boat Recommendations
Replies: 8
Views: 774

Re: Boat Recommendations

Chaparral for sure.
by Big Worm
Sun Jun 05, 2016 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Trust fund help
Replies: 6
Views: 899

Re: Trust fund help

Do the trust documents have any requirements regarding where the investments are to be held (a particular brokerage) or specify the types of investments (stocks, bonds, etc.)? Does the advisor have trading authority on the account? If so, you may want to take that away from him/her in case they dec...
by Big Worm
Sun Jun 05, 2016 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Trust fund help
Replies: 6
Views: 899

Trust fund help

I am a trustee of the following assets: Money market: $15,703.00 Stocks and such: KO COCA COLA COM 220 $45.04 $9,908.80 LLY LILLY & CO 200 $75.12 $15,024.00 IBB ISHARES NASDAQ BIOTECH ETF 50.0976 $281.77 $14,116.00 DIA SPDR DOW JONES INDUST AV ETF TRUST 222.1721 $178.06 $39,559.96 UTX UNITED TEC...
by Big Worm
Fri Apr 15, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 13737

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: 374

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: 1963

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: 399

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: 1963

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: 1963

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: 1963

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: 5009

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: 1963

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: 5009

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: 1963

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: 1963

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: 1963

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: 1963

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: 8430

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: 694

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: 477

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: 477

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: 11890

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: 7277

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: 882

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: 1245

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: 346
Views: 61946

Re: What are Costco's best deals?

The pesto is amazing!