Search found 143 matches

by Finance-MD
Fri Jun 23, 2017 7:56 am
Forum: Investing - Help with Personal Investments
Topic: New Employer - New 401(k) Options
Replies: 12
Views: 623

Re: New Employer - New 401(k) Options

Target Retirement 20xx Trust Plus (0.06%) This and forget about it! +1 These are incredible fund options at incredible prices. Target date retirement at .06??? Wow Until you've maxed out 401k and IRA, I would only do target date funds if you're getting them this cheap. Find one with AA you're comfo...
by Finance-MD
Fri Jun 23, 2017 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual High Fees to Vanguard
Replies: 24
Views: 1169

Re: Northwestern Mutual High Fees to Vanguard

you could get basically the same thing with 55% US Total Stock Market 35% Total International Stock Market 10% Total bond. Ha! Ha! Did you read it? :) Yes. I was so confused as to how it was written out when I read it. Thought the OP was confused by the names of the funds. I simplified in my head w...
by Finance-MD
Thu Jun 22, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Is VG Total Stock Market Index too concentrated?
Replies: 51
Views: 3253

Re: Is VG Total Stock Market Index too concentrated?

the beauty of Total Stock Market being market cap weighted, is it is from my understanding (i may be wrong about this) but in a sense agnostic to the weighting of individual companies.... let's pretend apple was worth 50% of the total stock market. then yes, you'd have half your TSM portfolio in a s...
by Finance-MD
Thu Jun 22, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual High Fees to Vanguard
Replies: 24
Views: 1169

Re: Northwestern Mutual High Fees to Vanguard

you could get basically the same thing with 55% US Total Stock Market 35% Total International Stock Market 10% Total bond. Roth account - definitely move taxable... will need to know the size of the taxable account... long vs. short term gains vs. losses... i'd sell all the losses i'd consider keepi...
by Finance-MD
Thu Jun 22, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 46
Views: 2875

Re: Financial advisor question

Congratulations on the net worth you've grown and saved. Please know that at this point in your net worth, for every hour you put into learning and understanding managing your own money, you are actually getting paid more per hour than you do as a physician. Managing your money thus is financially m...
by Finance-MD
Thu Jun 22, 2017 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Do Indexers Need 401(k) Plans?
Replies: 15
Views: 1699

Re: Do Indexers Need 401(k) Plans?

think of your taxable account as a jar with a small hole in it, leaking gains every year due to taxable interest / dividends.... a tax protected account plugs the hole. whether a tax protected account is pre-tax or post-tax, that hole is plugged while the money is inside. If one invests tax-efficie...
by Finance-MD
Thu Jun 22, 2017 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Do Indexers Need 401(k) Plans?
Replies: 15
Views: 1699

Re: Do Indexers Need 401(k) Plans?

all of the bond interest and stock dividends are taxable each year in your taxable account (granted, if your marginal rate is 15% or less, your qualified dividends are taxed at 0%; municipal bonds are also taxed at 0% federal). In the 401k, these are tax protected. think of your taxable account as a...
by Finance-MD
Tue Jun 20, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA vs. VOYA? Recommendations on mandatory retirement fund allocation?
Replies: 4
Views: 315

Re: TIAA vs. VOYA? Recommendations on mandatory retirement fund allocation?

I would recommend looking into the advisory fees that Voya and TIAA each charge to keep the plan running. It is possible that those fees are different between the two (i think). Can you request a plan summary from 2016 from each of them? You can see how much the advisory fees are out of their total ...
by Finance-MD
Tue Jun 20, 2017 6:01 pm
Forum: Personal Consumer Issues
Topic: Good camera - new baby coming
Replies: 59
Views: 2973

Re: Good camera - new baby coming

If you want 'easy-to-use' - i would definitely not get a SLR. iPhones are so easy to use, and I find that most people who go the SLR route just give up; just not worth it. I'm not sure of your statistics regarding SLR's, but as the OP's child grows into an active toddler he may find that a smartpho...
by Finance-MD
Mon Jun 19, 2017 9:37 am
Forum: Personal Consumer Issues
Topic: Good camera - new baby coming
Replies: 59
Views: 2973

Re: Good camera - new baby coming

If you want 'easy-to-use' - i would definitely not get a SLR. iPhones are so easy to use, and I find that most people who go the SLR route just give up; just not worth it. I used to shoot (pictures) professionally and have expensive full-frame professional SLR equipment. I also have mirrorless camer...
by Finance-MD
Fri Jun 16, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Executive Services?
Replies: 3
Views: 761

Re: Fidelity Executive Services?

I'm wondering about this too. My 401k is with Fidelity. I'm more than capable of managing my own investments. My company rolled this out for my partners this year as a "benefit." But upon further questioning, the service actually charges us $500 from our paycheck per year. They had mention...
by Finance-MD
Tue Jun 13, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: evaluating a prospective real estate investment
Replies: 10
Views: 862

Re: evaluating a prospective real estate investment

step 4: when you need to make the $100,000 check to buy your share of the investment, have your IRA custodian write the check (or wire the funds) as coming from your IRA. Your $100k share would be titled to "Roth IRA fbo Mookie" Thanks, this is very helpful. Can I then direct the rental i...
by Finance-MD
Tue Jun 13, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: HSA + HDHP, wife adds PPO
Replies: 2
Views: 241

Re: HSA + HDHP, wife adds PPO

Spirit RIder = BH HSA go to expert :beer
by Finance-MD
Tue Jun 13, 2017 12:31 am
Forum: Investing - Help with Personal Investments
Topic: evaluating a prospective real estate investment
Replies: 10
Views: 862

Re: evaluating a prospective real estate investment

when might be a good time to use an IRA for real estate? ~50% marginal tax rate (federal + state + municipal) and high cash flow ~high land value / improvement value proportion --> little depreciation ~bought property at huge discount --> big capital gains ~rapidly appreciating area --> big capital ...
by Finance-MD
Tue Jun 13, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: evaluating a prospective real estate investment
Replies: 10
Views: 862

Re: evaluating a prospective real estate investment

I intended to buy my share out of pocket and had not considered using an IRA. An IRA would make a lot of sense because of the tax implications. I have a self-directed Roth IRA and a solo 401k at Fidelity. How would I go about using the money in these accounts for the real estate purchase? You will ...
by Finance-MD
Mon Jun 12, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 553
Views: 134211

Re: Share your net worth progression

WOW. You are adding 325k in 6 months? Is this via contributions or via market returns? :oops: see Edit1 above My personal capital account doesn't include all of our holdings, so it's usually lagging by a good amount. However, it was off by a lot more than usual this time... looked at the numbers th...
by Finance-MD
Mon Jun 12, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: evaluating a prospective real estate investment
Replies: 10
Views: 862

Re: evaluating a prospective real estate investment

10% annual cash flow is a solid deal. 2% growth Im assuming is a conservative estimate(?) What is the exit strategy? Sell after 10 years? 1031 exchange? Are you buying your share out of pocket (post-tax cash)? Or via a self-directed IRA? If not in a protected account, you should know how much of the...
by Finance-MD
Sun Jun 11, 2017 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 553
Views: 134211

Re: Share your net worth progression

Anesthesiologist and Intensive Care physician here, now approaching 2 years out of training. Sept 2015 = NEGATIVE $185,000 was my ENW June 2017 = Just hit the POSITIVE $100k ENW ... kinda proud. Liability is still student loans, but I've been maxing the backdoor Roth, 403B plan, saving for an event...
by Finance-MD
Sat Jun 10, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: New here, selling my businesses, need advice.
Replies: 9
Views: 1061

Re: New here, selling my businesses, need advice.

If you plan on doing any charitable giving in the future, you may want to consider putting a big chunk into a donor advised fund this year to offset some of the hefty tax burden... though not sure what your marginal rate will be this year.
by Finance-MD
Sat Jun 10, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 3162

Re: Suit for residency interviews

most important thing is that you have one. You may be going to 5 interviews in different states in 5 days. I recommend not checking in your suit or it might not make i. I was so nervous i might forget a belt or shoes or something that I literally wore my entire suit on the plane every time. Because ...
by Finance-MD
Fri Jun 09, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 73
Views: 9286

Re: High Income Earner Humbly Seeks Advice

Both great articles. I feel like I have lots of work to do. It's amazing how quickly your mindset changes from "how much can I make" to "how do I keep the money I've earned." Thank you. 100% with you. Your biggest 'leakage' while working with no question is taxes. Your biggest '...
by Finance-MD
Fri Jun 09, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 73
Views: 9286

Re: High Income Earner Humbly Seeks Advice

Once you donate those appreciated shares to the DAF, that is your charitable donation for the sake of tax purposes Once in the DAF, you can then keep that 'money' invested. You do not need to do any 'selling' yourself Literally the DAF will continue to increase in value because it's a new investmen...
by Finance-MD
Wed Jun 07, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 73
Views: 9286

Re: High Income Earner Humbly Seeks Advice

Yes, you can set up a donor advised fund with vanguard. You send a letter to the vanguard charitable foundation in charge of the DAF with a list of the lots of the particular shares that you want to donate (e.g. Tell them the stock name, date of purchase, and price). See physician on fire - he had a...
by Finance-MD
Tue Jun 06, 2017 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 73
Views: 9286

Re: High Income Earner Humbly Seeks Advice

Congratulations on your success in designing your life -- optimizing finances while ensuring that you spend time with your family and give back to your community. You have received lots of great advice here. Analysis paralysis can be the worst (I can't deny I am a victim as well). Any AA you choose ...
by Finance-MD
Thu Jun 01, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/403b & 457 - TIAA-CREF or Fidelity
Replies: 27
Views: 1424

Re: Help w/403b & 457 - TIAA-CREF or Fidelity

Thanks for sharing your equity allocations. Any reason why you don't use TIAA-CREF International Equity Index Fund Institutional (TCIEX) (0.06%) in your TIAA fund? Or is that what you meant by the developed international fund? For my own learning, I plugged in TCIEX and FSIVX into Morningstar Insta...
by Finance-MD
Wed May 31, 2017 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/403b & 457 - TIAA-CREF or Fidelity
Replies: 27
Views: 1424

Re: Help w/403b & 457 - TIAA-CREF or Fidelity

For the UT retirement system, when you log in to my retirement manager, you can choose which of the different institutions your 457b, TSA 403b, and ORP 403b go to, each individually for each paycheck. You can even split it up each time. You can have a TIAA, Lincoln financial, fidelity, Voya, etc. fo...
by Finance-MD
Wed May 31, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Public University (Texas) Retirement Options
Replies: 17
Views: 1783

Re: Public University (Texas) Retirement Options

Best options are TIAA-CREF and fidelity. You can do the liquid form of TIAA traditional in the TRS and 457. The ORP does only non-liquid TIAA traditional. If you do want an annuity later in life; you can always do ORP now with TIAA-CREF and annuitize a portion of TIAA Traditional if you WANT to. Bu...
by Finance-MD
Mon May 29, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Disability Insurance quote
Replies: 10
Views: 863

Re: Advice on Disability Insurance quote

--- Since we got our first policies in fellowship, we have increased the coverage annually... With our current jobs and baby on the way, it may be time to look into increasing the coverage further. What do you mean by increasing the coverage? Can you elaborate on it? Thanks. We bought a rider that ...
by Finance-MD
Mon May 29, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k and target retirement fund
Replies: 2
Views: 272

Re: Roth 401k and target retirement fund

If you're concerned about an exceedingly high AGI in the withdrawal phase due to pensions and RMD's, have you considered setting your AA in Roth and taxable accounts to 100% equities and decreasing your equity allocation accordingly in the pretax accounts in order to keep your AA overall but with le...
by Finance-MD
Mon May 29, 2017 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Pay Down 401k Loan vs Mega Backdoor Roth
Replies: 13
Views: 1296

Re: Pay Down 401k Loan vs Mega Backdoor Roth

No Loan: 401k starting balance (bond portion) on 1/1/2016: $100,000 Bond fund yields 2%: $2,000 401k ending balance on 12/31/2016: $102,000 With Loan: 401k starting balance on 1/1/2016: $50,000 Loan balance on 1/1/2016: $50,000 Bond fund yields 2%: $1,000 Loan interest 4.25%: $2,125.00 Ally savings...
by Finance-MD
Mon May 29, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Do Target Retirement Funds add a layer of fees on top of fees?
Replies: 5
Views: 705

Re: Do Target Retirement Funds add a layer of fees on top of fees?

As others have indicated. Vanguard does not charge additional for target date funds in comparison to a target date fund. In fact, people who hold the target date retirement funds a long time outperform the fund performance itself due to long term holding with dollar cost averaging. People who hold d...
by Finance-MD
Sun May 28, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Details on how to complete a Recharacterization
Replies: 7
Views: 619

Re: Details on how to complete a Recharacterization

as long as you filled in 8606 properly, you shouldn't be taxed 'twice' on your nondeductible contribution. That money has already been taxed. It will grow tax free. Upon withdrawal, the earnings will be taxed. https://www.nerdwallet.com/blog/investing/double-taxation-headache-accounting-nondeductibl...
by Finance-MD
Sun May 28, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Traditional 401(k) (TSP) for My Situation
Replies: 12
Views: 971

Re: Roth or Traditional 401(k) for My Situation

Are you in a state with state tax now? Do you think you may retire in a state without state tax? If yes to both that would favor traditional. Are you or your wife going to have a pension that will keep your taxable income up? If so, Roth may be better. If there are some tax credits or deductions you...
by Finance-MD
Thu May 25, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: AirBNB payment policy
Replies: 14
Views: 1402

Re: AirBNB payment policy

An earlier post seemed to prefer this site vs VRBO. I tried the site for the first time and found a unit. To book,however, I see they want total payment up front for a time 9 months out. Seems a little harsh If you buy a plane ticket for a flight 9 months out, do they want total payment up front? (...
by Finance-MD
Thu May 25, 2017 7:02 pm
Forum: Personal Consumer Issues
Topic: AirBNB payment policy
Replies: 14
Views: 1402

Re: AirBNB payment policy

The money is kept in escrow with airbnb. The owner of the property isn't paid until day 2 of the reservation. Having your money held in escrow substantially decreases the likelihood you back out. Furthermore, owners can be left scrambling to get bookings when people cancel. If you just put down a sm...
by Finance-MD
Thu May 25, 2017 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: rebalance 401k vs adding bonds to taxable
Replies: 10
Views: 829

Re: rebalance 401k vs adding bonds to taxable

https://www.bogleheads.org/wiki/Tax-eff ... _placement

Bonds in tax protected in general more tax efficient. If you don't want the volatility in the taxable account, you could use municipal bond funds. You could split it 50% national mini and 50% for your state if you have one for your state.
by Finance-MD
Tue May 23, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to pay off student loans
Replies: 26
Views: 2938

Re: Trying to pay off student loans

Have had so many problems with navient misapplying extra payments. Having one paid off in full has the advantage of lower minimum payment per month thus more cash flow and also lower debt-to-income ratio. Only potential benefit I can think of for having both loans still open 50/50 is if they are bot...
by Finance-MD
Tue May 23, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Disability Insurance quote
Replies: 10
Views: 863

Re: Advice on Disability Insurance quote

i'd look at https://www.leveragerx.com/occupation-classes-disability-insurance/ (posted 5/16/17) and WCI's post https://whitecoatinvestor.com/disability-insurance-occupational-classes/ (posted 9/19/14) I agree. she should have an independent agent give her quotes from multiple of the bit 5 or big 6....
by Finance-MD
Mon May 22, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Yet Another Real Estate vs Stock Market Thread
Replies: 44
Views: 3827

Re: Yet Another Real Estate vs Stock Market Thread

assuming unleveraged real estate not bought at a discount and with a 7% return, similar to a SP500 index fund... i'm going to give a rough estimate of an example (please BH's do not hammer at any inaccuracies, it is JUST an example). RE as an asset class generally produces more cash flow per dollar ...
by Finance-MD
Mon May 22, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Help finding private loan for additional education
Replies: 8
Views: 587

Re: Help finding private loan for additional education

This is a certain bump in salary. Break even point on tuition is just 1 year. With years of experience, the current position only goes up to around $90k. Whereas this one starts at around $85k and goes up into the $110's, $120's.... He's only mid-20's, so 30-40 years of potential future earnings. It...
by Finance-MD
Mon May 22, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Help finding private loan for additional education
Replies: 8
Views: 587

Re: Help finding private loan for additional education

Try contacting the financial aid office at the medical school or the university with which it is affiliated. I am sure that that will have suggestions. The website says "Financial Assistance The program does not qualify for federally sponsored or subsidized loans as this is a certificate progr...
by Finance-MD
Mon May 22, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Help finding private loan for additional education
Replies: 8
Views: 587

Re: Help finding private loan for additional education

Does he stop working for the year program? Both 1 and 2 are bad options. How about a personal loan from the bank/credit union? Does he have any cash/savings? A car he can sell? Not working for a year will cost $60k. Plus $18k for the program. Healthcare during the year? He's tried some banks withou...
by Finance-MD
Sun May 21, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help finding private loan for additional education
Replies: 8
Views: 587

Help finding private loan for additional education

Asking for a friend. He is in his mid 20's and was one of 5 applicants to get accepted (out of 300+ applicants) for an additional certification that will allow him to do a different (but related) job in health care and increase his salary from ~60k to ~85k, with significantly more room to go up (e.g...
by Finance-MD
Fri May 19, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Quickest Path to Financial Independence
Replies: 27
Views: 4387

Re: Quickest Path to Financial Independence

How much are you earning right now per year? Are you earning 50k-100k right now and want to replace it 100% or are you making 200k-300k and looking to replace a portion of it? In general, if you own unleverged rental real estate, you will get a higher dividend payout (rent) in proportion to value g...
by Finance-MD
Thu May 18, 2017 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Quickest Path to Financial Independence
Replies: 27
Views: 4387

Re: Quickest Path to Financial Independence

How much are you earning right now per year? Are you earning 50k-100k right now and want to replace it 100% or are you making 200k-300k and looking to replace a portion of it? In general, if you own unleverged rental real estate, you will get a higher dividend payout (rent) in proportion to value gr...
by Finance-MD
Thu May 18, 2017 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Help with picking 401k investments
Replies: 9
Views: 678

Re: Help with picking 401k investments

Your federal marginal tax rate is very very important for us https://www.irs.com/articles/2016-federal-tax-rates-personal-exemptions-and-standard-deductions for quick high estimate Taxable income = gross earnings - $20,000. If you want to be closer Taxable income = gross earnings - $8000 - home mort...
by Finance-MD
Wed May 17, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Shifting Taxable Investments to Roth 401K
Replies: 17
Views: 920

Re: Shifting Taxable Investments to Roth 401K

OP, once you get your first paycheck with max Roth 401k contribution, feel free to post an update as to how much you were able to get in and how many paychecks left. We can help you from there. One note, when signing up for the amount of Roth 401k you are contributing, some institutions only allow a...
by Finance-MD
Wed May 17, 2017 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Updates to our financial situation & a few questions..
Replies: 15
Views: 1228

Re: Updates to our financial situation & a few questions..

I think $20k-$25k is a lot to keep in a regular checking account... this thread discusses what other people do https://www.bogleheads.org/forum/viewtopic.php?t=109250 it's not hard to open a savings account. it can be done online quickly. The interest adds up. Keeping it in checking with low interes...
by Finance-MD
Wed May 17, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: How Much for 529 Plan
Replies: 39
Views: 3782

Re: How Much for 529 Plan

do you have enough for your retirement? if you're not concerned about retirement, i'd say make sure to get the state tax deduction while you're earning income. The money in a 529 can always be taken out with penalties, but you can save a lot on the tax protected space over time. The post-tax portio...

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