Search found 56 matches

by jkushne1
Wed Feb 21, 2018 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Can you front load a solo 401k based upon expected income?
Replies: 4
Views: 443

Can you front load a solo 401k based upon expected income?

I will be an independent contractor next year with likely income between 300-400k. I will be starting a solo 401k and plan to max it out each year. My question is when do most people contribute to their i401k? Do they do it periodically throughout the year when they get each paycheck like most W2 em...
by jkushne1
Sun Feb 11, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Which 529 to use: Nevada, Utah, or Michigan?
Replies: 5
Views: 461

Which 529 to use: Nevada, Utah, or Michigan?

I'm currently finishing up medical training in Michigan and have started a small 529 for my first child. I will be moving to Pennsylvania and staying there for (hopefully) the rest of my career. Pennsylvania is great in that they will give you a deduction if you contribute to ANY 529. So at this poi...
by jkushne1
Sat Feb 10, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Dropping comprehensive/collision auto insurance - implications with rentals?
Replies: 23
Views: 1230

Dropping comprehensive/collision auto insurance - implications with rentals?

I currently have two vehicles, one is relatively new and the other is a beater. I am considering dropping the comprehensive/collision on the beater (keeping liability of course) but was wondering what implications that has whenever I need a rental vehicle for trips, etc... I want to make sure that i...
by jkushne1
Mon Feb 05, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation with spreadsheet vs aggregator, which is more accurate?
Replies: 1
Views: 191

Asset Allocation with spreadsheet vs aggregator, which is more accurate?

I have been adjusting my asset allocation the last year or so and finally came upon a plan I am comfortable with. I only have 5 major asset classes (Total stock, total international, Total Bond, SCV, REIT). Every few months I put my current numbers in a spreadsheet and based upon my desired allocati...
by jkushne1
Tue Jan 23, 2018 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Where do REIT's belong in asset allocation- under stocks or in a separate class?
Replies: 2
Views: 317

Where do REIT's belong in asset allocation- under stocks or in a separate class?

I’m working on revising my asset allocation and trying to figure out where REITs belong. I’ve seen some people lump them under their domestic stock allocation while other people put it under an alternatives/Real Estate section. I was personally thinking of putting it under its own alternatives/real ...
by jkushne1
Thu Jan 11, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in my HSA although insurance is through my spouse. Will this work?
Replies: 2
Views: 242

Investing in my HSA although insurance is through my spouse. Will this work?

I am currently an attending physician working as an independent contractor. Prior to this job, I was a resident with a W2 salary and contributed to my HSA every year (family contribution). Currently, my account has ~20k in it. However, now that I am an independent contractor, we get our family insur...
by jkushne1
Mon Jan 01, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring Money from Roth 401k to Roth IRA, when does it make sense?
Replies: 3
Views: 264

Transferring Money from Roth 401k to Roth IRA, when does it make sense?

I am a current medical resident and soon to be attending. My wife worked throughout residency but stopped after the birth of our son. She has been investing in her company retirement plan. They have a Roth option so we have contributed all money to their Roth 403b (with me in lower earning years as ...
by jkushne1
Wed Dec 13, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Apps or spreadsheets for tracking miles, expenses, etc... as an independent contractor
Replies: 0
Views: 132

Apps or spreadsheets for tracking miles, expenses, etc... as an independent contractor

In July I will be starting a job as a new attending physician (graduate residency in June). The position is as an independent contractor so I know there will be several expenses that will help on my tax return in regards to business deductions (travel mileage, conferences, home office, work equipmen...
by jkushne1
Mon Dec 11, 2017 9:14 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 7088

Snow Tires? Worth it?

Random question for the group. I currently have 4 wheel drive Honda CRV with all season tires. However, we just moved to a cold weather location with longer winters and I have a longer commute now than before. My questions: -Does anyone recommend snow tires, even if a 4 wheel drive care? I have a wi...
by jkushne1
Tue Jul 18, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a new accountant?
Replies: 5
Views: 803

Considering a new accountant?

Currently a medical resident but will be graduating soon. My tax returns have been relatively uncomplicated thus far and I've always used my family's CPA who has done a fine job with the preparation. He has always been good at answering my questions (especially after I've done my own reading on a to...
by jkushne1
Wed Jul 12, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 5698

Re: Jewelry insurance. Is it ever worth it?

 Definitely appreciate all of the input on this. I plan on discussing with my wife this weekend and also reviewing our renter's policy for options. As to the cost of the rings, I didn't actually pay that much. The main stone was a family heirloom and several of the smaller diamonds were also passed ...
by jkushne1
Tue Jul 11, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 5698

Jewelry insurance. Is it ever worth it?

My wife has a three pieces of jewelry worth about $20k in all. For the past couple years we've paid for jewelry insurance at a cost of approximately $320 dollars annually. Not a great deal of money, but the more I read and learn about finance, the more I see that you should only insure things you ca...
by jkushne1
Mon Jul 03, 2017 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Which total bond fund to go with?
Replies: 14
Views: 1910

Which total bond fund to go with?

30yo medical resident about to invest a very small portion of my retirement in bond funds (~5-10% of overall portfolio). I've been investing with vanguard total market stock funds for years, but this will be my first investment into their bond offerings. Trying to decide what most people use and the...
by jkushne1
Fri Jun 16, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: USAA opinions. Worth it?
Replies: 53
Views: 6118

USAA opinions. Worth it?

Current PGY-3 resident and just found out that I am eligible for USAA due to family in the military. I have yet to compare prices for insurance or any of the other services, but I was wondering what experiences people have had with them in the past? -How are their auto or homeowner's insurance rates...
by jkushne1
Tue May 23, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: First attending level job but no 401k offered. What are the options?
Replies: 14
Views: 1736

First attending level job but no 401k offered. What are the options?

Just started the physician job search as I will be a rising senior resident in a well paying specialty. Some potential employers have offered a 401k with profit sharing as well as some other great retirement plan options that I’m looking to take advantage of with a much higher salary than I currentl...
by jkushne1
Sat Apr 29, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Should I get disability on my part-time working spouse?
Replies: 2
Views: 302

Should I get disability on my part-time working spouse?

Current medical resident, about to graduate in 14 months. My wife is a physician assistant and just switched to part time work after the birth of our first child (currently 5 months old). I already have disability and life insurance and we also have life insurance for my wife. Deciding if it makes s...
by jkushne1
Sat Apr 29, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance? How much to get? How much do people have?
Replies: 8
Views: 1015

Auto Insurance? How much to get? How much do people have?

Currently a medical resident and moving to a new state so I'm reevaluating my auto insurance policies and what I need on our two vehicles (both 2016 Honda CR-V). We have a sizable emergency fund. I've been doing some reading and the general recommendation is to get a lot of liability insurance, cons...
by jkushne1
Sat Apr 08, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to setup a will
Replies: 42
Views: 4608

Best place to setup a will

Resident physician with a new kid at home. We don’t have many assets at this point but was interested in setting up a will to handle affairs in the event of my death. Looking for something basic that is inexpensive but is a legal document and was looking for suggestions of possible resources and oth...
by jkushne1
Mon Mar 27, 2017 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Auto Insurance as a Medical Resident - Switching states
Replies: 4
Views: 605

Auto Insurance as a Medical Resident - Switching states

I am currently a medical resident. I moved out of my home state about a year and a half ago. My wife and I kept our license, plates, and insurance in our home state because she was frequently traveling home to see her sick mother (the insurance happened to be significantly cheaper as well). Her moth...
by jkushne1
Mon Mar 20, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 2 factor authentication and Mint or Personal Capital
Replies: 12
Views: 11162

Vanguard 2 factor authentication and Mint or Personal Capital

I am in the process of setting up 2FA for several of my financial sites for additional security but am running into problems as other services I use (namely Mint and Personal Capital) try and access that information which results in multiple notifications as well as other problems. Has anyone experi...
by jkushne1
Mon Jan 30, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Company 401k for only half the year - am I eligible for individual 401k?
Replies: 2
Views: 543

Company 401k for only half the year - am I eligible for individual 401k?

A question came up from one of my senior co-residents who is entertaining job offers. He is currently a resident and our hospital offers a regular 401k as a W2 employee. He will graduate in June and take a position as an attending, but in the contract he mentioned that he won't have access to the 40...
by jkushne1
Sun Jan 22, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: 529 For my child: who should be the "owner" - me, my wife, or both of us
Replies: 7
Views: 1004

529 For my child: who should be the "owner" - me, my wife, or both of us

Just setup a 529 for my newborn son. I've been starting to read more about asset protection lately and was wondering who should actually be the owner of the policy. Currently it is me since I'm the financially savvy one compared to my wife and I'm the one who took the steps to set it up. However, I'...
by jkushne1
Sun Jan 22, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance questions and help
Replies: 19
Views: 2858

Umbrella insurance questions and help

I'm looking into umbrella insurance for the first time. Currently I'm a medical resident and have low assets now but the potential for significant salary and net worth accumulations in the next 10-20 years. Already have life/disability setup. 1) How much to get? I've seen people suggested your curre...
by jkushne1
Wed Dec 28, 2016 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: New account for child?
Replies: 3
Views: 442

New account for child?

We just had our first child and was wondering what types of savings accounts you've setup for children. Almost all of the money we give him will go directly into his 529 account that we've already established. However, we've already received a few checks made out to him from family members that have...
by jkushne1
Sun Dec 11, 2016 9:26 am
Forum: Investing - Help with Personal Investments
Topic: FSA childcare with nanny from care.com?
Replies: 2
Views: 302

FSA childcare with nanny from care.com?

We just had our first baby and will be returning to work in early 2017. We just found a great nanny off of care.com. We will be paying her via check on a weekly/monthly basis depending upon how many hours we use her for. I’m just curious, am I able to use the flexible spending account for childcare ...
by jkushne1
Sat Nov 05, 2016 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss harvesting wash sale rules with an HSA?
Replies: 7
Views: 1502

Tax Loss harvesting wash sale rules with an HSA?

Just starting to explore the idea of TLH with my taxable account but I'm trying to understand some of the rules regarding wash sale rules. If I want to harvest a loss in my taxable account (TSM--> 500 index) but within 30 days, I automatically have money in my HSA invested into 500 index (company do...
by jkushne1
Mon Oct 24, 2016 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluating HDHP vs traditional plan with new child - number crunching help!
Replies: 2
Views: 408

Evaluating HDHP vs traditional plan with new child - number crunching help!

My wife is due with our first child in under a month and it also happens to be open enrollment for our health insurance plans and I am evaluating which makes the most sense in our situation. Prior to this life-changing event (and my wife's pregnancy), in the past few years we always did HDHP so we c...
by jkushne1
Sat Oct 22, 2016 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Dependent Care FSA and Child Care Credit Questions
Replies: 2
Views: 521

Dependent Care FSA and Child Care Credit Questions

My wife and I are expecting our first child next month and we are addressing open enrollment for next year. One of the options is a Dependent Care FSA. I am trying to wrap my head around this option and also the "Child and Dependent Care Credit." Any thoughts would be appreciated. Background : -Star...
by jkushne1
Sat Oct 22, 2016 9:25 am
Forum: Investing - Help with Personal Investments
Topic: HSA question -> two plans...how much can family contribute
Replies: 1
Views: 308

HSA question -> two plans...how much can family contribute

Quick HSA question Background : -My wife and son are on a separate health plan than myself through her employer. -Both her employer and my employer offer high deductible health plan offerings with HSA employer contributions -We file our tax returns, "married filing jointly." -I know the 2017 HSA con...
by jkushne1
Thu Sep 08, 2016 7:13 am
Forum: Investing - Help with Personal Investments
Topic: DFA vs Vanguard?
Replies: 1
Views: 550

DFA vs Vanguard?

Relatively new in the world of investing and have recently moved all my funds to low cost Vanguard index funds. However, I've been reading a little more about DFA and was curious people's perspectives for those who have used it. The recent podcasts that I've listened to seem to state they were super...
by jkushne1
Mon Aug 29, 2016 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Fund Placement
Replies: 6
Views: 1283

Tax Efficient Fund Placement

Looking to best allocate my money between my taxable accounts vs tax advantaged accounts in the various asset classes. All of my funds are with Vanguard. I came across this link which has a nice chart (https://www.bogleheads.org/wiki/Tax-efficient_fund_placement), but was curious getting other peopl...
by jkushne1
Sat Aug 27, 2016 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Best book on Taxes?
Replies: 9
Views: 1219

Best book on Taxes?

I'm looking to increase my knowledge on taxes and the tax code. I don't plan on doing my own taxes in the near future but I'd like to understand what goes into the various forms, what constitutes deductions, etc... so that I can make better informed decisions as to what to provide to my accountant a...
by jkushne1
Wed Aug 17, 2016 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help on starting a solo 401k or SEP IRA
Replies: 1
Views: 287

Help on starting a solo 401k or SEP IRA

I've just starting reading about solo 401k and SEP IRA's and want to try and take advantage of some of these opportunities. Current situation: I am a medical resident who is currently maxing out hospital 401k, Roths, HSA, etc... I am starting to make some money on the side this year. At this point i...
by jkushne1
Wed Aug 17, 2016 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Best book/resource on asset protection?
Replies: 1
Views: 297

Best book/resource on asset protection?

I’m always looking to expand my knowledge of various investing and personal finance topics. I was wondering what recommendations people had for the best books (or resources in general) that talk all about asset protection. Hopefully it is comprehensive and includes retirement accounts, various types...
by jkushne1
Sun Aug 07, 2016 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: How to deploy surplus of cash?
Replies: 3
Views: 1061

How to deploy surplus of cash?

I could use a little help as to how best to deploy some extra cash from a recent inheritance. My current situation is as follows: -Medical Resident with two years left in training. Current income ~55k/year. Expected salary once an attending: 350-400k/yr -Wife currently makes ~100k/yr but will drop t...
by jkushne1
Tue Jun 28, 2016 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Best Checking/Savings Accounts?
Replies: 4
Views: 863

Best Checking/Savings Accounts?

I currently have my checking and savings accounts with Wells Fargo but the interest rate is horrible. I am looking to setup an additional bank with higher rates. I'm thinking of an online bank to achieve this and keep the bulk of my money, but still keep WF open to pay some of the bills and for any ...
by jkushne1
Mon Jun 27, 2016 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Unique Health Savings Account Question
Replies: 8
Views: 1189

Re: Unique Health Savings Account Question

Great points from everyone for me to evaluate. I really appreciate all the input and will likely stay put for 2016. Quick follow up question. Let's assume I make no changes for 2016 and now we're talking about 2017 plans. I will likely stay on my individual HDHP with an HSA as an individual and my w...
by jkushne1
Sun Jun 26, 2016 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Unique Health Savings Account Question
Replies: 8
Views: 1189

Unique Health Savings Account Question

Here is a unique question regarding my Health Savings Account that I could use some opinions on. I currently have a Health Savings Account for 2016 as an individual and will be maxing out my contribution this year. My wife is currently utilizing a different health insurance plan through her employer...
by jkushne1
Thu May 26, 2016 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Make sense starting solo 401k/SEP with survey money?
Replies: 0
Views: 570

Make sense starting solo 401k/SEP with survey money?

Current situation: PGY2 resident who just started signing up for various medical surveys (per the recs of peers & this site) and am starting to make some solid additional money. While I am doing surveys through multiple companies, several state that they need to send tax information when your totals...
by jkushne1
Fri May 06, 2016 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: How to spend a windfall/inheritance. Help please.
Replies: 10
Views: 1932

Re: How to spend a windfall/inheritance. Help please.

Thanks for the replies. Hopefully more people can contribute and offer their 2 cents. As to the posts already listed... -After the baby is born, we'd likely make ~75-100k/yr. After the car purchases, baby expenses (daycare, diapers, nursery...) we 'might' be able to max our 401k's (18 + 18) but we w...
by jkushne1
Thu May 05, 2016 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: How to spend a windfall/inheritance. Help please.
Replies: 10
Views: 1932

How to spend a windfall/inheritance. Help please.

Here is my current financial situation: -I am a current 29yo, PGY-2 medical resident (soon to be PGY-3) with annual salary ~53k/yr with about another 26 months until residency completion. Expected earnings ~350-400k/yr upon graduation with likely salary increases afterwards. -My spouse currently wor...
by jkushne1
Sat Apr 30, 2016 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance affect your ability to make Roth contributions?
Replies: 1
Views: 402

Inheritance affect your ability to make Roth contributions?

My wife and I are currently in a low tax bracket, making about 100k combined a year, thus allowing us to contribute to Roth IRA's directly. A recent inheritance after the death of a loved one is expected at around 200k. Will we still be able to make a direct Roth contribution, or will we have to do ...
by jkushne1
Sun Mar 27, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Life Insurance - how much to get (medical resident)
Replies: 3
Views: 607

Life Insurance - how much to get (medical resident)

I'm looking into buying term life insurance and was would appreciate any sort of feedback in terms of suggestions as to how much to purchase and from where. My background... I am a 29yo male second year resident married to a physician assistant. I already have disability insurance but am looking to ...
by jkushne1
Sun Feb 28, 2016 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate effective tax rate?
Replies: 7
Views: 1220

How to calculate effective tax rate?

Pretty new to investing and looking to calculate some of the numbers that are important for net worth (net worth, savings rate, marginal/effective taxes, etc...). I am trying to figure out how to calculate my effective tax rate. Marginal seems pretty easy but was curious how to calculate effective. ...
by jkushne1
Sun Feb 07, 2016 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest my HSA money?
Replies: 8
Views: 1189

How to invest my HSA money?

I've started saving money in a Health Savings Account (HSA) the past couple years through my company and have about $8,000 in it so far. I plan to pay medical bills out of pocket and let it grow until retirement (I'm only 28 so I have some time). The HSA with my job has lots of low cost index funds ...
by jkushne1
Mon Feb 01, 2016 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate your savings rate? Making sense of all the numbers.
Replies: 7
Views: 1538

How to calculate your savings rate? Making sense of all the numbers.

Pretty new to the world of investing and want to start calculating my annual savings rate on both my gross pay as well as my net pay after taxes. However, looking at my last year tax return, I'm having a hard time figuring out which numbers to use to get my calculations. For 2015, both my wife and I...
by jkushne1
Mon Feb 01, 2016 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to understand tax loss harvesting!
Replies: 4
Views: 732

Trying to understand tax loss harvesting!

Trying to wrap my head around tax loss harvesting and looking for some clarification. I’ve never personally done it yet as all my assets are in tax protected accounts, but in a few years that will no longer be the case. I understand the basic principles behind TLH and the ability to offset capital g...
by jkushne1
Thu Jan 21, 2016 7:30 am
Forum: Investing - Help with Personal Investments
Topic: When is an HSA account no longer worth it?
Replies: 21
Views: 2871

When is an HSA account no longer worth it?

I currently have been using an HSA account for the past few years and think they are a great idea and plan to use them throughout the rest of my career for its various benefits (my wife and I are completely healthy). However, my wife and I will likely be trying for our first child in the coming mont...
by jkushne1
Sat Jan 09, 2016 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Medical Resident asset class help
Replies: 5
Views: 644

Medical Resident asset class help

Me: PGY-2 derm resident, 28yo. Read white coat investor site religiously but looking for additional Boglehead thoughts. Hoping to get an allocation that I'll be happy with in the long run, will require minimal rebalancing (1-2yr max), take advantage of Fama/French small/value benefits. Currently all...
by jkushne1
Sat Aug 22, 2015 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Help
Replies: 2
Views: 373

Asset Allocation Help

Bogleheads, I could really use your help coming up with an asset allocation that makes sense for me. I'm currently 28years old and in the middle of my dermatology residency and have 3 years left until finishing. I make about 50/yr and my wife luckily works and makes ~100k/yr. That may change when we...