Search found 256 matches

by Finance-MD
Tue Aug 22, 2017 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Financing new home purchase
Replies: 4
Views: 329

Re: Financing new home purchase

As indicated above. Please use numbers.
by Finance-MD
Mon Aug 21, 2017 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Bad to keep taxable acct solely in VTSAX?
Replies: 11
Views: 1557

Re: Bad to keep taxable acct solely in VTSAX?

Yes, would max out tsp first. Then backdoor Roth (any reason you can't do that?) Then taxable investing. For high marginal rates, stocks in protected accounts preferentially over bonds and municipal bonds in taxable can be better (whitecoatinvestor has a good post on his page about this). This is wh...
by Finance-MD
Sun Aug 20, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 143
Views: 11613

Re: Jobs that pay over $100,000

Haven't seen it here so posting, Certified Medical Dosimetrist... start usually in the $80k range with median > $110k. Incredible quality of life and overall job satisfaction without the stress of many $100k jobs. Amount of training is quite reasonable, usually 1-2 years after undergrad. They have o...
by Finance-MD
Sun Aug 20, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 14900

Re: Lost $7000 today in ONE DAY!

A few people mentioned/suggested the OP consider TLH due to this loss. I apologize if this is a thread hijack- moderators please feel free to move - but do people think this 1.5% percentage drop would be big enough to safely put in an order for a TLH mutual fund exchange? For example. Let's say OP p...
by Finance-MD
Sat Aug 19, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should we file taxes separately?
Replies: 5
Views: 311

Re: Should we file taxes separately?

Does one of you have very high deductions individually (e.g. Medical costs) that aren't deductible as a married couple (e.g., below the 'floor' for deductibility)? Also, MFS works best if 2 people have similar incomes. I'm quite doubtful it will help you out. I would run a simulation in intuit TaxCa...
by Finance-MD
Sat Aug 19, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: 200k cash. How to invest while in medical school?
Replies: 8
Views: 1152

Re: 200k cash. How to invest while in medical school?

Depends how you define *best* financial-wise. People on BH forum will in general always recommend debt payoff / investing over any RE investment. If you go to biggerpockets, you will get the opposite. If you bought a good rental house and rented out rooms to other students, your ROI would likely be ...
by Finance-MD
Fri Aug 18, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Debt vs HSA/529
Replies: 13
Views: 1219

Re: Debt vs HSA/529

Do you consider a reduction from 6.8% to 5% to be a "small" interest rate reduction? Did you get a quote on a 20 year term? federal repayment options are great to have... you should look in detail in the options with loan refinancing because they often have financial hardship options as well. how b...
by Finance-MD
Thu Aug 17, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: TLH between VTSAX and SCHB
Replies: 13
Views: 796

Re: TLH between VTSAX and SCHB

I stand corrected. Thank you. I believe most would consider vtsax / vti would be substantially identical
by Finance-MD
Thu Aug 17, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: TLH between VTSAX and SCHB
Replies: 13
Views: 796

Re: TLH between VTSAX and SCHB

Those are substantially identical.
Many BHers trade total stock market vtsax for large cap vlcax.
by Finance-MD
Thu Aug 17, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Debt vs HSA/529
Replies: 13
Views: 1219

Re: Debt vs HSA/529

Have you looked into student loan refinancing options with sofi? Earnest? Citizens? You should definitely be able to get your rate down substantially, especially if willing to take on a short term (be careful with the high minimum payments). I looked into SoFi and DRB. I got a preliminary offer (th...
by Finance-MD
Wed Aug 16, 2017 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Taking over from financial advisor - help getting off the ground
Replies: 13
Views: 1284

Re: Taking over from financial advisor - help getting off the ground

Can your wife report any self employment income? Or can she do something that would give her self employment wages? It really doesn't need to be much at all, even just a one time 'side gig' to report schedule C income as a sole proprietor. She could open an individual 401k with fidelity (or others,...
by Finance-MD
Tue Aug 15, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Taking over from financial advisor - help getting off the ground
Replies: 13
Views: 1284

Re: Taking over from financial advisor - help getting off the ground

Can your wife report any self employment income? Or can she do something that would give her self employment wages? It really doesn't need to be much at all, even just a one time 'side gig' to report schedule C income as a sole proprietor. She could open an individual 401k with fidelity (or others, ...
by Finance-MD
Mon Aug 14, 2017 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Question about market timing the current market
Replies: 27
Views: 1380

Re: Question about market timing the current market

When he gets to 65/35 or 70/30, what is he going to do? Will he let it go back down as he thinks the market is heating up just to do this again? If he were 50/50 and planning to stay that way, that's great... you said that he of course won't know where the bottom is. Same goes for the top. Pick an A...
by Finance-MD
Sat Aug 12, 2017 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down home or increase Retirement Contributions
Replies: 21
Views: 1363

Re: Pay down home or increase Retirement Contributions

If you hate debt, why not rent a home? That's the easiest way to get out of mortgage debt (sell home and rent) you have a goal of upgrading your home to a new one but also paying off your current home. Are you trying to pay it off, then sell it, then get another mortgage? The benefit of paying off t...
by Finance-MD
Sat Aug 12, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Advice: W2 or 1099 for IRA & 401K reasons, need math help
Replies: 6
Views: 334

Re: Advice: W2 or 1099 for IRA & 401K reasons, need math help

If self employed, you could also open your own pension plan, e.g. a 'cash balance' pension. May not be that beneficial at your income as the fees can be high, but they can open up a lot more tax deferred, tax protected space above your SEP/401k.
by Finance-MD
Sat Aug 12, 2017 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Career Decision - HCOL area vs. LCOL area
Replies: 13
Views: 1439

Re: Career Decision - HCOL area vs. LCOL area

Is there a way you can leverage being in a HCOL area for your financial benefit? For example - if you are in DC, would you be willing to run an airbnb out of your place? You could get a townhouse and rent out the bottom floor room and have a locked entrance to the upper floors? If you got a place qu...
by Finance-MD
Sat Aug 12, 2017 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Debt vs HSA/529
Replies: 13
Views: 1219

Re: Debt vs HSA/529

Have you looked into student loan refinancing options with sofi? Earnest? Citizens? You should definitely be able to get your rate down substantially, especially if willing to take on a short term (be careful with the high minimum payments). I've used all of the above companies and got rates at arou...
by Finance-MD
Fri Aug 11, 2017 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 49
Views: 4235

Re: Physician & Real Estate investor seeks advice

I am starting to see the light of Mr. Jack Bogle and index investing. One thing that I cannot really wrap my head around is, if you decided to save a portion of your paycheck and invest it into index funds, you've essentially "given up" to create any real wealth in the most formative and energetic ...
by Finance-MD
Fri Aug 11, 2017 10:24 pm
Forum: Personal Consumer Issues
Topic: Warm Place for Thanksgiving family reunion
Replies: 27
Views: 1958

Re: Warm Place for Thanksgiving family reunion

You can get a nice AirBnB in dallas for that many people at that price for that weekend. Dallas is easily accessible from all over the country, often with direct flights. Dallas area may or may not be warm over thanksgiving if that matters. The weather is kind of all over the place. It snowed in 19...
by Finance-MD
Fri Aug 11, 2017 12:58 am
Forum: Investing - Help with Personal Investments
Topic: General Portfolio Advice and 529 recommendation
Replies: 9
Views: 471

Re: General Portfolio Advice and 529 recommendation

Your inheritance will get a step up in basis. Is it rental real estate? How much taxable income will it have? Would you consider selling and indexing? I agree with above poster you should strongly consider pretax... You think you'll have 400k+ annual taxable income during retirement? That's tough to...
by Finance-MD
Fri Aug 11, 2017 12:36 am
Forum: Personal Consumer Issues
Topic: Warm Place for Thanksgiving family reunion
Replies: 27
Views: 1958

Re: Warm Place for Thanksgiving family reunion

You can get a nice AirBnB in dallas for that many people at that price for that weekend. Dallas is easily accessible from all over the country, often with direct flights. Dallas area may or may not be warm over thanksgiving if that matters. The weather is kind of all over the place. It snowed in 19...
by Finance-MD
Fri Aug 11, 2017 12:02 am
Forum: Personal Consumer Issues
Topic: Warm Place for Thanksgiving family reunion
Replies: 27
Views: 1958

Re: Warm Place for Thanksgiving family reunion

You can get a nice AirBnB in dallas for that many people at that price for that weekend. Dallas is easily accessible from all over the country, often with direct flights.
by Finance-MD
Thu Aug 10, 2017 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 49
Views: 4235

Re: Physician & Real Estate investor seeks advice

Here's the thing no one has really highlighted: you don't have to wait until you're 59.5 to access retirement accounts. This is a very common topic among early retirees both on Bogleheads and dozens of early retiree blogs - all of which still recommend maxing out retirement accounts while you are w...
by Finance-MD
Thu Aug 10, 2017 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 49
Views: 4235

Re: Physician & Real Estate investor seeks advice

Here's the thing no one has really highlighted: you don't have to wait until you're 59.5 to access retirement accounts. This is a very common topic among early retirees both on Bogleheads and dozens of early retiree blogs - all of which still recommend maxing out retirement accounts while you are w...
by Finance-MD
Sun Aug 06, 2017 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Should I make Roth 401k or Traditional 401k contributions?
Replies: 8
Views: 741

Re: Should I make Roth 401k or Traditional 401k contributions?

I meant to say how much can you contribute pretax or post tax to the 401k. Some people are only putting in let's say 8000 pretax or 6000 post tax and are questioning Traditional vs Roth... in that situation I lean more toward the 8000 pretax because it is more dollars and potentially more money with...
by Finance-MD
Sun Aug 06, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: amount for king mattress
Replies: 10
Views: 814

Re: amount for king mattress

Zinus 12" memory foam is best value in my opinion Zinus Memory Foam 12 Inch Green Tea Mattress, King https://www.amazon.com/dp/B00Q7EPV8O/ref=cm_sw_r_cp_api_E78HzbRXAMGY6 $279 for king is regular price. I got 2 queens on sale at $199 each for a guest room, and they're terrific. As good as any other ...
by Finance-MD
Sun Aug 06, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Should I make Roth 401k or Traditional 401k contributions?
Replies: 8
Views: 741

Re: Should I make Roth 401k or Traditional 401k contributions?

How much pretax and pretax do you have available to save in your 401k right now? Is your girlfriend going 100% pretax? Do you know what funds she is maxing out /able to? E.g. Does she have a 403b + 457b and getting in $36k+ into pretax? Do you want to consider her finances in the matter? Any non-sta...
by Finance-MD
Sun Aug 06, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 49
Views: 4235

Re: Physician & Real Estate investor seeks advice

Is your real estate portfolio in rental properties? How much passive income do you get off of that? Are you financially independent based on just rentals? I would max a 401k pretax. When you leave, you can put into a self directed IRA. You can use that to invest in direct real estate if you want. Fo...
by Finance-MD
Sat Aug 05, 2017 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 81
Views: 13430

Re: High Income Earner Humbly Seeks Advice

Congrats LongTerm1 on moving forward with your plan. PoF - awesome articles; excellent work and well thought out. LongTerm1 - Article says 60/20/20 but you say 65/15/20... any reason for the 65/15 instead of 60/20/20 with rounder numbers? Is your bond allocation filling up your cash balance (treasur...
by Finance-MD
Sat Aug 05, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Home buying advice. Stuck in lease. Options?
Replies: 9
Views: 720

Re: Home buying advice. Stuck in lease. Options?

In Texas, cadence bank may still be allowing 0% downpayment on physician loans. This will save a bunch on acquisition. I'd look into that. BBVA and Bank of America were doing 5% down last I checked. Best rates I've seen are Bank of America. At $500k, 0 down, 4%, estimating your PITI at~$3200/month. ...
by Finance-MD
Thu Aug 03, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 89
Views: 7864

Re: 85/15 too aggressive at age 35?

Not sure when you were thinking/hoping to retire early, just for reference, both vanguard and fidelity target date funds are 90/10 until about 25 years out (vanguard) and ~20 years out (fidelity) from retirement. Some think vanguards TD funds are a bit riskier than needed, but stock markets rarely s...
by Finance-MD
Wed Aug 02, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial property as part of your portfolio anyone?
Replies: 4
Views: 452

Re: Commercial property as part of your portfolio anyone?

I will likely buy a share of a large multifamily apartment complex this year as a passive investor. The exit strategy is to sell after about 5 years after appreciation of rental income from improvements. This is illiquid but has a clear exit strategy of selling. I will count this as part of our over...
by Finance-MD
Wed Aug 02, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody with Student Loans applying for PSLF in October 2017?
Replies: 17
Views: 1173

Re: Anybody with Student Loans applying for PSLF in October 2017?

How did they get changed 3 times?
Did you consolidate them as direct loans with different servicers?
Are you sure they are eligible for pslf?
by Finance-MD
Wed Aug 02, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation advice
Replies: 7
Views: 500

Re: Asset allocation advice

You wouldn't need 3.75M in nonretirement unless you were trying to never touch any of the pretax retirement accounts either. But you will get hit with RMD's. As long as you are at 3.75M total by 55 you will have no problem retiring early if you want to as 59.5 is only 4.5 years out. Regardless, with...
by Finance-MD
Wed Aug 02, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Residency/fellowship investing questions!
Replies: 10
Views: 726

Re: Residency/fellowship investing questions!

I know of at least one adult oncology fellowships that skip out on the hematology portion and is only 2 years. I think all or nearly all pediatric board certified subspecialties are 3 year fellowships. There may be some (e.g. Genetics?) that don't have board certification which are shorter. H/O is a...
by Finance-MD
Wed Aug 02, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Did I mess up opportunity to perform backdoor Roth IRA
Replies: 12
Views: 811

Re: Did I mess up opportunity to perform backdoor Roth IRA

The 18000 limit for 401k's is only for salary deferrals. There is no limit to how much you can rollover into a 401k. Unless you can get the money out of the 401k and back to traditional IRA I don't think you can get it into your Roth IRA this year via backdoor. Does your employer allow Roth contribu...
by Finance-MD
Tue Aug 01, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: (Not a DCA question) Better to invest a large amount earlier in life?
Replies: 4
Views: 571

Re: (Not a DCA question) Better to invest a large amount earlier in life?

What would you go to school for? How many years would it take and what would your income be? Investing in yourself and your ability to earn should yield your highest ROI. What kind of business would you start? You can make much much more running a successful business than you can passively. The trad...
by Finance-MD
Tue Aug 01, 2017 9:45 pm
Forum: Personal Consumer Issues
Topic: How much should I fix up my house before selling?
Replies: 10
Views: 1785

Re: How much should I fix up my house before selling?

how much do you think it is worth in current state? How much are the other houses in the area per sf? How big are the other houses? In some markets, you may be better off just doing nothing at all, save your time, money, and effort. Best bang for your buck is to simply clean the place out and move o...
by Finance-MD
Tue Aug 01, 2017 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vanguard account
Replies: 52
Views: 3768

Re: Best Vanguard account

You earn a LOT of money. Your expense ratio of which vanguard fund is of effectively no importance. What is important is choosing the fund(s) that provide you with the risk, return, and tax efficiency you are looking for. I would slow down and read bogleheads more, perhaps about the 3 fund portfolio...
by Finance-MD
Tue Aug 01, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: W2 to 1099 - what to do with 401k to not impact backdoor Roth
Replies: 7
Views: 442

Re: W2 to 1099 - what to do with 401k to not impact backdoor Roth

I would do as bolderboy recommended. Open up individual 401k that accepts incoming rollovers (e.g. fidelity or Schwab, not vanguard). Roll into new individual 401k. Can continue to max out 18k max for this year in 401k (total between original 401k and new 401k). Can also make your own employer contr...
by Finance-MD
Tue Aug 01, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Residency/fellowship investing questions!
Replies: 10
Views: 726

Re: Residency/fellowship investing questions!

Do either of you have a 457? There will not be a penalty to cash this out after leaving employer. If she's at a public university training program, is expect her to have a 457. If it's a pretax 457, you would pay taxes when cashing it out but no penalty. My priorities for saving would be 1. 401k/403...
by Finance-MD
Sun Jul 30, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6129

Re: Can I afford it ? [A new car]

My first condo, now rental property was $60k in 2006. The rental property cash flows $300+/month... if i paid in cash for it, it would cash flow $600+/month. I could justify making $600/mo car payments (eg lease a luxury car) using this approach but can't mentally get over the hump of paying $60k fo...
by Finance-MD
Sun Jul 30, 2017 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for Picking 403 Company
Replies: 6
Views: 537

Re: Advice for Picking 403 Company

Was TIAA/CREF one of the companies you eliminated?
by Finance-MD
Sun Jul 30, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 8085

Re: Should you wait until the due date to pay credit card balance?

I always make sure a bill posts before paying. I like my monthly balance to be 3-9% of my credit limit to make sure my credit utilization is not too high, which can hurt your score. If I have a big transaction that will put me over the 9%, I usually pay down my balance before it posts so that it isn...
by Finance-MD
Sun Jul 30, 2017 10:06 pm
Forum: Personal Consumer Issues
Topic: Best place to get eyeglasses / no vision insurance
Replies: 70
Views: 6915

Re: Best place to get eyeglasses / no vision insurance

Warby Parker.
Went to B&M store. Spent no more than 20 minutes there.
Got Rx frames for ~$100, paid with FSA, no tax charged. arrived in <1 week. Shipping was included.
by Finance-MD
Sun Jul 30, 2017 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: First Post - Is an IRA right for me?
Replies: 5
Views: 529

Re: First Post - Is an IRA right for me?

viewtopic.php?t=6212
Please use format above and people will be able to help more.
by Finance-MD
Sat Jul 29, 2017 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Plan Detective: Where do I find the "hidden" fees?
Replies: 8
Views: 526

Re: 403(b) Plan Detective: Where do I find the "hidden" fees?

Please see http://www.moneycrashers.com/calculate- ... 5-minutes/

If you request your 403b plan summary from your employer, you can see what the overall costs of the plan are to verify.

Sounds like you have a great 403b plan. The fixed annual fee will be quite a small additional ER once your balance starts to grow.
by Finance-MD
Sat Jul 29, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange
Replies: 20
Views: 1186

Re: 1031 Exchange

Just as an FYI, and not regarding the 1031 exchange... from my understanding the 2 yr and 5 yr rules are based on 2 OF the 5 years prior to sale, not separate. Example 1, buy house as homestead; live there for 24 months; rent it for next 35 months; sell it just prior to month 60... you get the capit...