Search found 194 matches

by Zeppcoustic
Wed Nov 30, 2016 3:58 pm
Forum: Personal Consumer Issues
Topic: cheap hotels in NYC
Replies: 35
Views: 2444

Re: cheap hotels in NYC

airbnb -- especially if you'd like to stay nearby your friends -- is the way to go in NYC, IMO. (or, if they live in a high-rent neighborhood and you'd rather be somewhere cheaper in Brooklyn or Queens but in a highly transportation-accessible area -- think Brooklyn Heights -- airbnb would also be ...
by Zeppcoustic
Wed Nov 30, 2016 7:23 am
Forum: Personal Finance (Not Investing)
Topic: should I ask for referral bonus? (physician private practice)
Replies: 26
Views: 1890

Re: should I ask for referral bonus? (physician private practice)

Appreciate all the comments. I have decided to not bring it up.
by Zeppcoustic
Tue Nov 29, 2016 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: should I ask for referral bonus? (physician private practice)
Replies: 26
Views: 1890

Re: should I ask for referral bonus? (physician private practice)

I was considering asking ( "Does the group incentivize bringing good people to the practice?") in case I refer future colleagues to the group. Obviously, I would only refer those with solid professional skills with whom I have at least some personal relationship.
by Zeppcoustic
Tue Nov 29, 2016 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: should I ask for referral bonus? (physician private practice)
Replies: 26
Views: 1890

Re: should I ask for referral bonus? (physician private practice)

^ Hear you. Wish I thought of asking ahead of time.
by Zeppcoustic
Tue Nov 29, 2016 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: should I ask for referral bonus? (physician private practice)
Replies: 26
Views: 1890

Re: should I ask for referral bonus? (physician private practice)

A referral bonus for what? Telling someone you know to apply for a job opening? Usually referral bonuses come from revenue generating activities - i.e. bringing in new clients. Adding a physician is profitable for the group. We are paid well, but not at a level commensurate to what we would bring i...
by Zeppcoustic
Tue Nov 29, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: should I ask for referral bonus? (physician private practice)
Replies: 26
Views: 1890

Re: should I ask for referral bonus? (physician private practice)

1. Does your employer have a referral bonus program (or has given bonus to other employees for referring suitable candidates)? 2. Did the employer indicate that this was a tough to fill position, and asked employees to help find suitable candidates? 3. Did you ask before referring the candidate if ...
by Zeppcoustic
Tue Nov 29, 2016 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: should I ask for referral bonus? (physician private practice)
Replies: 26
Views: 1890

Re: should I ask for referral bonus? (physician private practice)

A referral bonus for what? Telling someone you know to apply for a job opening? Usually referral bonuses come from revenue generating activities - i.e. bringing in new clients. Adding a physician is profitable for the group. We are paid well, but not at a level commensurate to what we would bring i...
by Zeppcoustic
Tue Nov 29, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: should I ask for referral bonus? (physician private practice)
Replies: 26
Views: 1890

should I ask for referral bonus? (physician private practice)

I recently joined a private practice (as staff, non-partnership track). I am happy with job description/compensation/benefits/etc and subsequently referred a friend and former coresident of mine to the group. He subsequently signed on also for a staff position. Should I ask for a referral bonus from...
by Zeppcoustic
Tue Nov 08, 2016 10:37 am
Forum: Personal Finance (Not Investing)
Topic: line 71 snafu on 2014 return
Replies: 4
Views: 315

Re: line 71 snafu on 2014 return

You have no idea how this happened? Can't you go back in Turbo Tax and figure out what got entered wrong? Then you can enter it correctly and see what you should have paid. I wouldn't send anything without getting a bill. The IRS is going through its process. If you do something unexpected, you'll ...
by Zeppcoustic
Tue Nov 08, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: line 71 snafu on 2014 return
Replies: 4
Views: 315

Re: line 71 snafu on 2014 return

Is there a chance I will owe less than $2k?
by Zeppcoustic
Tue Nov 08, 2016 9:45 am
Forum: Personal Finance (Not Investing)
Topic: line 71 snafu on 2014 return
Replies: 4
Views: 315

line 71 snafu on 2014 return

Recently received letter from IRS saying I overreported $2k of SS tax on our federal return in 2014. This is correct; I have no idea how this happened on Turbo Tax. Anyway, should I just send them a check for $2k now or wait for the bill? Assuming I will get hit with some penalties. They estimated m...
by Zeppcoustic
Tue Oct 04, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: Credit cards that have annual fee's, do you have any?
Replies: 55
Views: 3958

Re: Credit cards that have annual fee's, do you have any?

Can you upgrade to the Reserve card if you have the Preferred? Was there a sign on bonus when you applied? My Preferred card gave me 50,000 points (I believe) when I signed on. Yes, but don't. :) 100k point bonus on the Reserve Wow, that's a lot. Nope, I won't "upgrade". The Reserve card ...
by Zeppcoustic
Wed Sep 28, 2016 11:03 am
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2820

update: how to contribute 53k to 401(k) as employed doc?

Update: 1. One group described a non-prototype plan where they do not make any contributions for me. I sign something and my salary is reduced by that amount for the year (~$53000). [thoughts on this? Vanguard evidently doesn't allow this plan, Fidelity does] 2. Other group describes a 401(k)/profit...
by Zeppcoustic
Sun Sep 18, 2016 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2820

Re: how to contribute 53k to 401(k) as employed doc?

Thanks guys. To clarify, this would be an employed/staff position within a private practice, not a shareholder position. To my knowledge, all employees whether on staff or partner track have the same setup for this retirement plan, where they contribute 18k and group contributes the rest.
by Zeppcoustic
Sat Sep 17, 2016 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2820

Re: how to contribute 53k to 401(k) as employed doc?

Will get more details on Monday.

Another query, regarding HSA:

Is the only requirement that my employer offers an HDHP option? Can I then use any HSA custodian I select and start making contributions myself? Or does the job have to provide both the HDHP and the HSA for it to work?
by Zeppcoustic
Fri Sep 16, 2016 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2820

Re: how to contribute 53k to 401(k) as employed doc?

Ray- if employee contributions are not allowed in these plans, how are we then contributing 18k per year? Is it essentially a 401k PLUS a profit sharing plan? It is a problem of semantics/terminology. True profit sharing plans only have employer contributions. up to 25% of compensation limited to $...
by Zeppcoustic
Fri Sep 16, 2016 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2820

Re: how to contribute 53k to 401(k) as employed doc?

employee contributions aren't allowed to a profit sharing plan Probably still true. Profit sharing is done by your employer as is the case here. Regarding the access, you will need to check 2 things with the plan sponsor: 1) vesting period. - most doctor plans do not it ? 2) Management - Whether u ...
by Zeppcoustic
Fri Sep 16, 2016 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2820

Re: how to contribute 53k to 401(k) as employed doc?

Huh. OK. Thought I read somewhere that employee contributions aren't allowed to a profit sharing plan, only Employer. This group plan sounds like both types of contributions are in place. Do employees in these plans usually have their choice of investments vis a vis via low cost index funds/etc? Tha...
by Zeppcoustic
Fri Sep 16, 2016 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2820

Re: how to contribute 53k to 401(k) as employed doc?

Thanks guys. I will talk to group and report back. Other group just got back to me and said that I contribute 18k and they contribute the rest up to 53k. This sounds too good to be true. What am I missing here? Are they effectively giving me 35k a year? My taxable income will only be reduced by 18k ...
by Zeppcoustic
Fri Sep 16, 2016 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2820

Re: how to contribute 53k to 401(k) as employed doc?

After tax contributions can be made so that total contributions can reach 53K. eg: 18K contribution + 5k match(if there is any match) + 30K after tax contribution ~= 53K. Check if they have in service roll over for after tax money. This will help in moving money to Roth. Search mega backdoor roth i...
by Zeppcoustic
Fri Sep 16, 2016 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2820

Re: how to contribute 53k to 401(k) as employed doc?

Apologies if this is obvious to you. I am a physician interviewing with some groups. They mentioned I could contribute $53,000 annually to their 401(k) plan. What is mechanism for this? I understand the employee elective deferral is 18k annually. The position is a staff position within a private pr...
by Zeppcoustic
Fri Sep 16, 2016 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2820

how to contribute 53k to 401(k) as employed doc?

Apologies if this is obvious to you. I am a physician interviewing with some groups. They mentioned I could contribute $53,000 annually to their 401(k) plan. What is mechanism for this? I understand the employee elective deferral is 18k annually. The position is a staff position within a private pra...
by Zeppcoustic
Fri Jun 17, 2016 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: forgot back-door/erroneous Roth contribution help
Replies: 9
Views: 774

Re: forgot back-door/erroneous Roth contribution help

If you're contributing to Roth 401k or Roth 403b, you may want to consider switching to Traditional 401k/403b as this will reduce your AGI and MAGI for Roth IRA purposes. You cannot do anything about Roth 401k/Roth403b contributions already made but you can change future contributions. If you're co...
by Zeppcoustic
Thu Jun 16, 2016 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: forgot back-door/erroneous Roth contribution help
Replies: 9
Views: 774

Re: forgot back-door/erroneous Roth contribution help

Yes, that is correct. Vanguard will sort out the earnings. Thanks. Do I owe tax on the earnings? If you recharacterize (rather than withdrawing), you don't owe tax then; the contribution and earnings will be treated as if you had contributed them to a Traditional IRA instead. However, if you then c...
by Zeppcoustic
Thu Jun 16, 2016 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: forgot back-door/erroneous Roth contribution help
Replies: 9
Views: 774

Re: forgot back-door/erroneous Roth contribution help

icefr wrote:Yes, that is correct. Vanguard will sort out the earnings.


Thanks. Do I owe tax on the earnings?
by Zeppcoustic
Thu Jun 16, 2016 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: forgot back-door/erroneous Roth contribution help
Replies: 9
Views: 774

forgot back-door/erroneous Roth contribution help

Good afternoon. I mistakenly contributed $5500 to my Roth on Jan 2. Just realized that our 2016 MAGI will be >184k (MFJ). My wife hasn't made her Roth contribution for 2016 yet. We each have Roths at VG and my wife has a Rollover IRA (VMMXX) with $0 in it from a 403b conversion last year. I'm thinki...
by Zeppcoustic
Sat Jan 09, 2016 7:21 am
Forum: Personal Finance (Not Investing)
Topic: tax home/medical fellowship deductions
Replies: 4
Views: 558

Re: tax home/medical fellowship deductions

^ Thanks. I have read that WCI post with replies. My situation is more complicated in that I will be looking for a job in a new state (State C) after my fellowship, as opposed to returning to state where I was previously working as a resident.
by Zeppcoustic
Fri Jan 08, 2016 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: tax home/medical fellowship deductions
Replies: 4
Views: 558

tax home/medical fellowship deductions

My wife and I are doctors in training. Check out this scenario and let me know what you think; couldn't find a similar case from White Coat Investor postings. We have been living in State A for years (current tax home). In July I move to State B for fellowship training. My wife moves to State C for ...
by Zeppcoustic
Thu Dec 31, 2015 9:39 am
Forum: Investing - Help with Personal Investments
Topic: backdoor Roths to be safe if close to $194k for 2016?
Replies: 7
Views: 1001

Re: backdoor Roths to be safe if close to $194k for 2016?

Thanks. Wait, 403b contributions are deducted for our MAGI? Did not realize that. We have no HSA contributions. Moonlighting income is W-2 Traditional 403b contributions reduce AGI and MAGI. Roth 403b contributions do not reduce AGI/MAGI. I imagine lots of docs in training who expect to earn very h...
by Zeppcoustic
Wed Dec 30, 2015 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: backdoor Roths to be safe if close to $194k for 2016?
Replies: 7
Views: 1001

Re: backdoor Roths to be safe if close to $194k for 2016?

The Roth IRA limits are based on MAGI not gross income. MAGI for Roth IRA purposes starts with AGI then makes modifications. If 193K is your anticipated gross income things like Traditional 401k/403b will reduce your AGI. Say you each max out Traditional 401k/403b for 18K each. This will give you A...
by Zeppcoustic
Wed Dec 30, 2015 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: backdoor Roths to be safe if close to $194k for 2016?
Replies: 7
Views: 1001

Re: backdoor Roths to be safe if close to $194k for 2016?

The Roth IRA limits are based on MAGI not gross income. MAGI for Roth IRA purposes starts with AGI then makes modifications. If 193K is your anticipated gross income, things like Traditional 401k/403b will reduce your AGI. Say you each max out Traditional 401k/403b for 18K each. This will give you ...
by Zeppcoustic
Wed Dec 30, 2015 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: backdoor Roths to be safe if close to $194k for 2016?
Replies: 7
Views: 1001

backdoor Roths to be safe if close to $194k for 2016?

Good afternoon, We are resident docs. My wife will work as an attending for last 3 months of 2016. I will be a resident for 6mo, then a fellow for 6mo. I estimate our income to be around $193,000 next year. This is a roughish estimate as I will continue to moonlight in my residency program for the n...
by Zeppcoustic
Tue Dec 29, 2015 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Travel Perks
Replies: 11
Views: 1242

Re: Credit Card Travel Perks

Are the miles you on your card for that sign up OK with the airlines even though you cancel the card for the second year? Have you cashed them in and had any problems? Move them to another card with same bank, or transfer them to a FF/hotel/whatever program first. Then you are good. You risk forfei...
by Zeppcoustic
Tue Dec 29, 2015 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Travel Perks
Replies: 11
Views: 1242

Re: Credit Card Travel Perks

^ agree. Unless you have a really thin profile it should not be a problem.
by Zeppcoustic
Tue Dec 29, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Travel Perks
Replies: 11
Views: 1242

Re: Credit Card Travel Perks

Prestige has Admirals Club access if you are flying American. Also gives you Priority Pass lounge access wordwide.

Don't forget the free 3 rounds of golf annually, if you play. This alone makes the annual fee moot. This includes TPCs and other great tracks around the world
by Zeppcoustic
Sun Dec 13, 2015 10:35 am
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

I think you have to imagine what mundane daily life will be like and weigh less the possibilities of hiking, hanging out in bars, etc. You know you will be working really hard and will just want to collapse at home at the end of the day. Top priorites are the variety of take-out food places nearby,...
by Zeppcoustic
Sun Dec 13, 2015 9:36 am
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

^^ Agree that the Ripley's is a garish blight next to the Alamo sight. Was pretty surprised to see that.
by Zeppcoustic
Sun Dec 13, 2015 9:12 am
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

I've worked in San Antonio for over three years, on a military base. Overall I love it. Here's my take: Military: this city is all about it for better and (mostly) worse. Because of the bases it adds a young, transient, and aggressive element that is not ideal. Areas around the bases are often low ...
by Zeppcoustic
Sat Dec 12, 2015 4:51 pm
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

^ Thanks for thoughtful reply.
by Zeppcoustic
Sat Dec 12, 2015 11:50 am
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

As a general rule, outdoorsy exercisey people don't live in Texas or West Virginia. They're well known to be fatty states. The weirdest thing I noticed when I moved from the Intermountain West to the East Coast was that nobody had bike/ski racks on top of their cars. Nobody. After a few months, I r...
by Zeppcoustic
Fri Dec 11, 2015 3:51 pm
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

Point being, depending on what you are into most cities have something for everyone. Maybe posting in a thread like this to disparage places people call home is not the best use of time? I agree. Many of the posts have been helpful recently however. We have the San Antonio contract pretty much done...
by Zeppcoustic
Fri Dec 11, 2015 3:47 pm
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

You might want to check property taxes in San Antonio. Texas property taxes are some of the highest in the country. Don't be fooled by the "no state tax" slogans. All in all. I lived in San Antonio. And San Antonio is the only place I would live in Texas. I also lived in DFW for 26 years....
by Zeppcoustic
Fri Dec 11, 2015 9:57 am
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

Being close to parents - half day drive - can be important. I'd give that a lot of consideration. My experience is that outdoor exercise and yard work need to be finished by 10 am during many months of the year in the warmer parts of the country. I hear you. My parents will probably be leaving NJ p...
by Zeppcoustic
Thu Dec 10, 2015 8:28 pm
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

Thanks to all who took the time to reply! I feel we will be happy in either location. Some very helpful insights.
by Zeppcoustic
Thu Dec 10, 2015 10:45 am
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

My wife practices a surgical subspecialty where there were only so many places hiring for the upcoming year. These two places were the best jobs for her, and she has good leverage in negotiating because she fills a much-needed niche in their centers. Also both have good options for me and have been ...
by Zeppcoustic
Thu Dec 10, 2015 9:10 am
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

I have been to and have physician friends at both places. I would suspect life would be much slower paced in WV. Weather more comparable to home base in WV. I personally think that the daily commute is more important than occasional commute to the regional airport. I work in a rural area and my reg...
by Zeppcoustic
Wed Dec 09, 2015 9:59 pm
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

Re: San Antonio vs. Morgantown, WV for 2 docs

Everybody tells me that San Antonio has the Alamo. Ah yes, I remember that. I have friends who live there. A couple years ago, one of them told me that the daily high didn't go below 90F for 7 months. That was all the motivation I needed to stay where I am. I hear you. It was pretty hot when we int...
by Zeppcoustic
Wed Dec 09, 2015 8:35 pm
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 7906

San Antonio vs. Morgantown, WV for 2 docs

Just wanted to pool the collective forum for thoughts/experiences/recommendations. I know it is a personal decision and it's tough to advise but we are pretty torn. Offers are really close and we are negotiating with the hospital admins now. Something you offer might be helpful and/or spark somethin...
by Zeppcoustic
Wed Jul 22, 2015 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: young docs: 403b conversions and backdoor Roths
Replies: 15
Views: 1603

Re: young docs: 403b conversions and backdoor Roths

Thanks guys. Interesting Alan S, did not realize that. I plan to just do the TIRA>>Roth conversion; VG website link sort of funneled me down that route anyway. All pretax contribs to my wife's 403b.
by Zeppcoustic
Wed Jul 22, 2015 10:00 am
Forum: Investing - Help with Personal Investments
Topic: young docs: 403b conversions and backdoor Roths
Replies: 15
Views: 1603

Update>> young docs: 403b conversions and backdoor Roths

So I'm planning to convert my wife's 403b to her Roth at Vanguard. Just talked to a VG rep who told me there is no direct 403b>>Roth IRA pipeline. Rather, it is 403b>>Traditional IRA>>Roth IRA. He said the TIRA will hang around with a $0 balance for a couple years for tax accounting purposes. Are th...

Go to advanced search