Search found 66 matches

by TroutMD
Sat Aug 06, 2016 1:17 am
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 138
Views: 9337

Re: How does a Boglehead save for child's education?

We use a 529. We have no state income tax so there was not a reason to keep in our state, we chose Utah because of the Vanguard funds. We have two and a third on the way. We put 20K at birth and 1K for their birthday each year. We will probably up the contribution once we settle on the number of ult...
by TroutMD
Fri Aug 05, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: 401K plan Setup - How did I do?
Replies: 0
Views: 140

401K plan Setup - How did I do?

I am part owner of a healthcare company and have been working at getting a 401K setup for our company. We have about 30-35 qualifying employees and that may go up to about 50 as we have additional facilities open in the next 6-9 months. This includes 7 owners who are physicians, making this a 'top h...
by TroutMD
Fri Aug 05, 2016 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Appealing out of network medical bill while on vacation
Replies: 18
Views: 1551

Re: Appealing out of network medical bill while on vacation

Insurance companies always attempt to vilify physicians and healthcare facilities. Per the ACA, they MUST pay In Network allowable for Emergency Medical Care. Although, most states still allow the facility and/or physicians the right to 'balance bill' the patient, they don't always do so. I would ju...
by TroutMD
Sat May 07, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 59056

Re: Question for the Bogleheads Millionaires

I am a professional so I have a great six figure income. Many of my friends, some doing this much longer, are in the same income class. The difference, many of them (I think), don't have a 7 figure net worth. LBYM applies if you make 30K a year, 300K a year, or 3m a year. Saving is important, and li...
by TroutMD
Sat May 07, 2016 1:52 am
Forum: Personal Finance (Not Investing)
Topic: More House or More Investing?
Replies: 25
Views: 2839

Re: More House or More Investing?

Your trying to justify the house as a good investment. A house is not necessarily a bad investment, but it's absolutely terrible compared to a tax deferred account. Even though you are sure your buying a house in a market that will be hot and appreciate 1000%, you probably have as equal chance of th...
by TroutMD
Sat May 07, 2016 1:43 am
Forum: Personal Consumer Issues
Topic: how much cash do you carry in your wallet?
Replies: 152
Views: 14888

Re: how much cash do you carry in your wallet?

I am in the minority, maybe I need to rethink. I grew up very much a cash only person, but flipped to a near 100% CC person for the miles/bonuses. Regardless, I usually carry around 1000 in my wallet, probably ranges from 500-1500. It lasts longer and longer, and these days I mainly only hit it to p...
by TroutMD
Wed Apr 27, 2016 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: 401k setup for employees...
Replies: 1
Views: 162

401k setup for employees...

Myself and a few others started a medical business about 7 months ago and are growing two more locations. We have about 50 employees at one company, but about 12-15 of them are full time. These numbers will double by October and triple by February. We have been slow to start out retirement plan for ...
by TroutMD
Mon Apr 18, 2016 3:14 am
Forum: Personal Finance (Not Investing)
Topic: Medical School preparation Pointers for a Sophomore Student
Replies: 48
Views: 3482

Re: Medical School preparation Pointers for a Sophomore Student

Great advice already in this thread, but I will echo some things in a short form. First and foremost, she needs to understand what being a doctor is fully about, what the commitment is, and she needs to be behind that decision 100%. GPA matters, solid B student isn't probably enough, she needs A's w...
by TroutMD
Thu Apr 14, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: CPA pricing and physical location
Replies: 41
Views: 2764

Re: CPA pricing and physical location

My DW and I have income that approaches 7 figures and includes 1099s, W2, investment income, and K1s. We live in a no state income tax state and I use a guy two states away. I used him when we lived in that state and have stuck with him despite multiple attempts of people suggesting we use someone m...
by TroutMD
Sat Mar 19, 2016 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Another medical billing surprise-Colonosocopy
Replies: 61
Views: 8520

Re: Another medical billing surprise-Colonosocopy

Just to clarify, It doesn't sound you have a medical bill surprise, but you had surprise coverage by your insurance company. The insurance companies, while recording record breaking profits, continue to suggest the problem is the doctors and the hospitals, yet healthcare reimbursement is shrinking a...
by TroutMD
Sat Mar 19, 2016 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Large Banks or Smaller Banks
Replies: 39
Views: 2989

Re: Wells Fargo - Large Banks or Smaller Banks

I use WF for all my personal needs and have had three mortgages with them now. To me, the biggest advantage as someone that travels a fair amount, is that I can almost always find a WF nearby. I like their online interface and bill pay. What I don't like, is there is a lack of personable-'ness'. I h...
by TroutMD
Wed Feb 03, 2016 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 6174

Re: Physician buying an 850k vs 1.25m house

Hi Everyone, I will be moving cross country and starting my dream job in the near future. While shopping for real estate we have found two houses we love. One is a new but unfinished home that is 850k and needs about 70 k to finish up. The second is 1.25 and old. It was however recently remodeled a...
by TroutMD
Sun Jan 24, 2016 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Think my future father in law is giving the wrong advice to my fiance..what should i do?
Replies: 111
Views: 10469

Re: Think my future father in law is giving the wrong advice to my fiance..what should i do?

Since everyone else gave their .02, I'll give mine. I would definitely talk to the FIL about his style versus yours, but not until after marriage and the honeymoon period wanes. I would mention to your fiancé now about what your investment ideas are versus his, etc. As others have said, this way of ...
by TroutMD
Tue Dec 08, 2015 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Physician MBA?
Replies: 30
Views: 3837

Re: Physician MBA?

Fifth year post residency in Emergency Medicine... Started getting involved in the admin side of things as an EMS medical director. I am now part owner of an Emergency Room and building a second and just closed a land deal on a third. That's it for my foreseeable future. I started a compeletly onlin...
by TroutMD
Sat Oct 31, 2015 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Does being healthy mean you should save more for retirement?
Replies: 28
Views: 2970

Re: Does being healthy mean you should save more for retirement?

I am an ER doctor. I have coded as many fit, non smoking, marathon runners as fat, diabetic, dialysis patients. Ok, maybe note quite as many. But I don't think it should impact the amount you save for retirement... Everyone is going to get to that finish line and comorbidities do not always predict ...
by TroutMD
Thu Feb 26, 2015 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 14002

Re: Help! Ive been put on a performance improvement plan!

Please purchase and read 'Drive' by Pink.


Good luck,
GT
by TroutMD
Thu Jul 31, 2014 2:26 pm
Forum: Personal Consumer Issues
Topic: Two days in Little Rock, AR - What to do and see?
Replies: 29
Views: 2091

Re: Two days in Little Rock, AR - What to do and see?

If you downtown, stop by the Little Rock.
by TroutMD
Mon Jul 14, 2014 11:43 pm
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 112
Views: 17422

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

I've driven all that you have mentioned... You need to determine what is most important to you. With our first child, we went with a Tahoe (actually a Yukon... same difference). As out second came along, we wanted more space. We travel a fair amount plus have two dogs. We looked for a Suburban and e...
by TroutMD
Fri Jul 04, 2014 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Anyone use Wells Fargo Bank?
Replies: 57
Views: 8894

Re: Anyone use Wells Fargo Bank?

I use them strictly for banking and I love them. I have a PMA account so there are no fees, free checks, free wires. I DO NOT use their 'wells trade' people, although they used to hound the heck out of me. They wanted to meet with me, which I obliged. Then there was a constant hassle even offering f...
by TroutMD
Wed Jun 04, 2014 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Review my financial health. [Was - Tesla: HELOC vs Loan]
Replies: 115
Views: 9921

Re: Tesla: How is my financial health? and HELOC vs Loan

My dad once told me a car should never be more than 10% (ideally 5%) of someones net worth. Many people don't do this, but you could consider waiting a few years and then getting the car once you are in a better financial position - if you really still want it then, you should get it. Also, you pla...
by TroutMD
Mon May 19, 2014 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Fighting a scamming company
Replies: 13
Views: 2361

Re: Fighting a scamming company

Maybe it is wrong/illegal to do so but....

Fake bill would get a freshly printed fake check
from me. Let the sleezy company get a bounce fee...
by TroutMD
Sat Mar 15, 2014 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Setting up Parents Portfolio...
Replies: 8
Views: 425

Re: Setting up Parents Portfolio...

Just wondering... Why do you think you should take responsibility for your parent's "future" (asking as a 66 year old, and my childern telling me what I must/should do). - Ron Hello: Fair enough question... I am not sure I view this as taking responsbility for their future, but more shari...
by TroutMD
Sat Mar 15, 2014 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Setting up Parents Portfolio...
Replies: 8
Views: 425

Setting up Parents Portfolio...

Hello: I have been following advice on here for just over a year and have had great success with things. I convinced my parents to transfer their retirement account (Standard IRA) from Wells Fargo Advisors to Vanguard. It took us a few months for WF to liquidate and transfer, but its finally in the ...
by TroutMD
Mon Mar 03, 2014 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Pension Rollover?
Replies: 2
Views: 215

Pension Rollover?

My wife is considering leaving her job in the next 6-12 months (we've been here before, but I think it likely will happen this time). She does very well, but works from home/commutes on occasion via 2 hour plane ride, we have two kids, and my salary alone MORE than covers living, retirement, etc. Sh...
by TroutMD
Wed Feb 19, 2014 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Percentage of assets at Vanguard also active vs index
Replies: 23
Views: 1402

Re: Percentage of assets at Vanguard also active vs index

We have about 70% at Vanguard and the rest is at Fidelity. The ONLY reason some is with Fidelity is because that is where my wife's employers 401K stuff is at. If she ever left/quit, that would be transferred to Vanguard. I did not include in the above, but we use Wells Fargo solely for our banking ...
by TroutMD
Sat Feb 15, 2014 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: My portfolio for review. Overhaul ready!
Replies: 25
Views: 2268

Re: My portfolio for review. Overhaul ready!

I am just curious what 'a ton of money' is? I guess its all relative.

If you believe you are 'very risky' and can stand to take a 30% loss.. that's not 'very risky'. 100% stocks is more likely to see a 50-60% swing...


Good luck regardless, you are going well for your age. Just don't screw it up!
by TroutMD
Mon Jan 13, 2014 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 560
Views: 66979

Re: High Earners - What's Your Profession?

Wife is a petroleum/chemical engineer and works from home and makes >100k.

I am a physician so I do well too.

We have been blessed with our income and fortunately always frugal and bogleheads early in our careers!
by TroutMD
Sat Jan 04, 2014 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Question about pension
Replies: 23
Views: 1547

Re: Question about pension

Also remember that you will need to pay taxes on the lump sum...
by TroutMD
Wed Dec 18, 2013 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help: 26 and Pregnant
Replies: 14
Views: 1370

Re: Portfolio Help: 26 and Pregnant

Texas resident, a two year old and 3 month old. We utilize Utahs 529 plan with three funds. Total stock 60%, total international 30%, and total bond 10%. Like you we did a lump sum at birth for each and contribute at each birthday that we will adjust as we determine our final number of kids. Good lu...
by TroutMD
Wed Dec 18, 2013 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of SEP IRA Contributions
Replies: 6
Views: 455

Re: Timing of SEP IRA Contributions

Help me clear something.... Are you not Tax Deducting your SEP contribution? I thought the rollover thing was used for people for income out of deductible IRAs and this cannot contribute to a Roth either so they give to a trad IRA post tax then roll to the Roth? Sep should always be pre tax dollars;...
by TroutMD
Tue Dec 10, 2013 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 7949

Re: physician 2.5 years out of training

Another doc here, 2.5 years out of training as well.

I feel bad to see my colleagues in such positions as yourself.

I just want to reiterate what everyone else has said, SALE THE CAR!

Also, Listen to EmergDoc.


Good luck...
by TroutMD
Thu Dec 05, 2013 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Been almost a year, Rebalance and Adding - How am I doing?
Replies: 2
Views: 699

Been almost a year, Rebalance and Adding - How am I doing?

We went 'all in' last Jan/Feb and got are 'finances' straightened out the 'Boglehead Way' and could not be happier with our investments! We sat down to look at things today and to get ready to make our SEP contribution for the year. Since February, we have not closely evaluated our portfolio. I do l...
by TroutMD
Sun Nov 17, 2013 4:04 pm
Forum: Personal Consumer Issues
Topic: how much more expensive is a bigger home?
Replies: 68
Views: 5973

Re: how much more expensive is a bigger home?

As some people already point out, its all those 'other' costs which do tend to add up... quickly. I live in Texas, great as there is no state income tax, but they make up for that in property tax! You can easily pay an extra 1K a month on taxes alone making that jump. Insurance and maintenace will b...
by TroutMD
Sat Nov 16, 2013 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Med School Refinance
Replies: 17
Views: 1967

Re: Help with Med School Refinance

Another physician here... As others said, I have hear that 200-300 is becoming not far from the norm, but I had never heard of 600K! I just wanted to reiterate what others said, forget almost everything else in life and pay off these loans ASAP. I would give it a 6 year goal MAX, and hopefully decre...
by TroutMD
Sun Nov 03, 2013 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Anybody pay for college 100% out of 529 plan assets?
Replies: 28
Views: 3444

Re: Anybody pay for college 100% out of 529 plan assets?

We have a two year old and a 6 week old, both have Utah 529 plans. We are Texans. We put 20K in at birth, and 1K each birthday. The AA is 60% Total Stock, 30% Total Int, and 10% Total Bond. The 2 year old has almost 28K, the 6 week old got 20K deposited less than 2 weeks ago and is flat. No clue whe...
by TroutMD
Tue Oct 29, 2013 8:47 am
Forum: Personal Finance (Not Investing)
Topic: physician needs advice on small business 401-k
Replies: 20
Views: 1963

Re: physician needs advice on small business 401-k

Can you change it so that you are ICs to the Corporation? That way everyone can do a SEP IRA and do what they want with their own contributions?
by TroutMD
Sun Oct 13, 2013 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Learning about buying real estate
Replies: 17
Views: 1402

Re: Learning about buying real estate

Emergency physician here also...

Big words of advice, the best thing we can do to make more money is to work another shift. Tons of docs before us have lost lots of money in real estate...

As good as it theoretically sounds, don't do it...
by TroutMD
Sat Sep 28, 2013 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on real estate?
Replies: 10
Views: 1137

Re: Thoughts on real estate?

i posted earlier about cashing in my bonds. a friend of mine feels its best at this point to invest in hard assets like real estate. i really would like to buy a condo in my bldg but i dont feel ready to take on this responsibility and am worried about my job security. however, if i cash in my shor...
by TroutMD
Tue Sep 24, 2013 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Land Purchase? Convince me to jump!
Replies: 22
Views: 3123

Re: Land Purchase? Convince me to jump!

Thanks again for the replies. The gist I have gathered here... 1.) We can afford something in this price range and paying cash is likely the best option. I talked to a few more land banks, the best rate I found was a 5 year note at 3.9%, but there is a 1% origination fee. Also, its a coop program wh...
by TroutMD
Sun Sep 22, 2013 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Land Purchase? Convince me to jump!
Replies: 22
Views: 3123

Re: Land Purchase? Convince me to jump!

This purchase would be less than our yearly income, probably near our income minus taxes/basic retirement. It would be less than a quarter of our net worth minus our debts. The issue with a lease is that they are VERY volatile. Land owners change hands, grandpas sons want to hunt so they kick the le...
by TroutMD
Sun Sep 22, 2013 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Land Purchase? Convince me to jump!
Replies: 22
Views: 3123

Re: Land Purchase? Convince me to jump!

Just a few more additions I was maybe not clear on.. This property would be within a 30 mile radius of my parents and my brother, which is my 'home town' area. We live 200 miles away from 'home'. Anytime we would go to 'visit' the 'ranch', we would stay at my parents. Im not saying building a shelte...
by TroutMD
Sun Sep 22, 2013 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Land Purchase? Convince me to jump!
Replies: 22
Views: 3123

Land Purchase? Convince me to jump!

We became a Boglehead follower at the beginning of the year and have never looked back; the markets have done well since then obviously so I still need some downward roller coasters to prove my existence. I have a great portfolio setup that is in the high mid 6 figures that has been evaluated here a...
by TroutMD
Mon May 27, 2013 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Former student advice
Replies: 17
Views: 1354

Re: Former student advice

Doctor here... 5k/yr is not going to make much of a difference to her in life if she does become a physician. What would make a difference is going to Cayman this year, maybe Europe next year, maybe NYC, etc... I agree with a small emergency fund; otherwise if she IS doing well (all As with few to n...
by TroutMD
Sun May 12, 2013 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Medical Resident: When Should I Get Disability Insurance
Replies: 80
Views: 5544

Re: Medical Resident: When Should I Get Disability Insurance

I bought it at the start of my final year of residency. I was moonlighting so my income had increased and I could easily afford it. I have 10K DI/Month with own onc; it costs about $4400 per year with Mass Mutual. I am not very pro insurance, but I do think this makes sense. If I can no longer be a ...
by TroutMD
Thu Apr 25, 2013 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Mom demands trust be professionally managed
Replies: 67
Views: 4564

Re: Mom demands trust be professionally managed

As others said, I don't think 0.7% is a 'terrible' professional fee. Especially in this situation, where if we hit a down turn over the next 5 years, everyone will blame you for the losses. Now, if they put you in 2% load fees on top of the 0.7, then that's what would [stink --admin LadyGeek] . I wo...
by TroutMD
Mon Apr 15, 2013 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest a Cash Lump Sum?
Replies: 13
Views: 1815

Re: How to Invest a Cash Lump Sum?

10 different ETFs? That sounds like a lot but that is not your question.

Most everyone on here favors to just 'go for it' and put it all in at once. It has been shown to work out better that way..
by TroutMD
Sat Apr 06, 2013 8:16 am
Forum: Personal Finance (Not Investing)
Topic: should we refinance?
Replies: 15
Views: 2566

Re: should we refinance?

Yes, a 15 year note is cheaper and saves you considerably because you have 15 years less interest! The downside is the increased payment, which is a big issue to many people. We just refi to a 10 year note (from a 15) at 2.75% (down from 4.375%). Our payments are more (considerably more than a 30), ...
by TroutMD
Fri Apr 05, 2013 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: I wish the market wasn't so high! Hold out for a fall?
Replies: 58
Views: 8005

Re: I wish the market wasn't so high! Hold out for a fall?

If I had a 25 million windfall today, I wouldn't put all if it into the stock/bond market either. why does this person need to do that? Or did I misread something. But where else would you put it? $25 million? I'd put it in FDIC-insured savings accounts and CDs. Once I've won the game, I'm taking m...
by TroutMD
Fri Apr 05, 2013 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: My Review of Vanguard's Financial Plan
Replies: 55
Views: 8721

Re: My Review of Vanguard's Financial Plan

I moved over $100k (less than $500k) of assets to Vanguard this week and was offered a free conversation with a CFP as well. He basically recommended the three fund portfolio but with California Intermediate-Term Tax Exempt in place of Total Bond Market due to my tax rate. I told him I wanted to ti...

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