Search found 57 matches

by l2yangop
Thu Oct 19, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Office wants to pay dentist as contractor (sub-s). Any issues?
Replies: 25
Views: 1674

Re: Office wants to pay dentist as contractor (sub-s). Any issues?

I respectfully disagree with the dentist that says it's illegal 100% of the time, and I'm comfortable with how my practice is set up but that's off topic. In your wife's circumstance she sounds more like an employee. I'm assuming the following: she's signing a contract with them, they can fire her,...
by l2yangop
Thu Oct 19, 2017 8:50 am
Forum: Investing - Theory, News & General
Topic: Office wants to pay dentist as contractor (sub-s). Any issues?
Replies: 25
Views: 1674

Re: Office wants to pay dentist as contractor (sub-s). Any issues?

I really wish you would listen to a dentist. An employer/employee relationship exists. The employer is a dental corporation and they are hiring an employee (the dentist) and directing what work and how it will be carried out. She must absolutely work as a W-2 employee. For what it's worth (and that...
by l2yangop
Wed Oct 18, 2017 9:56 pm
Forum: Investing - Theory, News & General
Topic: Office wants to pay dentist as contractor (sub-s). Any issues?
Replies: 25
Views: 1674

Re: Office wants to pay dentist as contractor (sub-s). Any issues?

So how does dental malpractice insurance work in this situation? If a dentist is a contractor/self-employed do they have to provide for it themselves or if they are an employee does the employer provide it? Or is the individual dentist always personally liable with regard to malpractice whether he/...
by l2yangop
Wed Oct 18, 2017 9:28 pm
Forum: Investing - Theory, News & General
Topic: Office wants to pay dentist as contractor (sub-s). Any issues?
Replies: 25
Views: 1674

Re: Office wants to pay dentist as contractor (sub-s). Any issues?

The compensation rate will be the same regardless of which way she goes. This is never a good sign. This indicates that the employer is trying to save money with this move. I realize she will be responsible for more payroll taxes, but with the tax advantaged nature of being a corporation outweigh t...
by l2yangop
Wed Oct 18, 2017 7:46 pm
Forum: Investing - Theory, News & General
Topic: Office wants to pay dentist as contractor (sub-s). Any issues?
Replies: 25
Views: 1674

Re: Office wants to pay dentist as contractor (sub-s). Any issues?

All of the above employee vs. Independent Contractor (IC) statements might generally be true for most ICs who should be classified as at will employees. However, it is relatively easy to structure a contract for a professional to qualify as an IC under IRS guidance. You just frame Behavioral Contro...
by l2yangop
Wed Oct 18, 2017 10:24 am
Forum: Investing - Theory, News & General
Topic: Office wants to pay dentist as contractor (sub-s). Any issues?
Replies: 25
Views: 1674

Office wants to pay dentist as contractor (sub-s). Any issues?

Hi all. I am hoping someone can point me in the right direction (or even maybe flat out answer it) on a question about working as a medical professional and being paid corp to crop. A local dental office wants to hire my dentist wife and pay her as a contractor. Apparently the owners have many offic...
by l2yangop
Wed Apr 05, 2017 9:15 am
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead Conference 2017?
Replies: 34
Views: 5684

Re: Boglehead Conference 2017?

What happened to April 5th? Its already sold out?
by l2yangop
Wed Apr 05, 2017 9:06 am
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 192
Views: 28867

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

The announcement was supposed to be today was it not? I logged in just now to see its already sold out? What the heck! Please add two to the waiting list.
by l2yangop
Sun Feb 12, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: millennials considering purchase of a dentist practice
Replies: 27
Views: 3843

Re: millennials considering purchase of a dentist practice

I could probably write you a book on my experience over the past 18 months of negotiations to buy into a large private practice. I'll try to summarize what I've learned into a couple of bullet points: 1) absolutely hire your own lawyer, CPA, or transitions team. It will save you time and money in t...
by l2yangop
Sat Feb 11, 2017 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: millennials considering purchase of a dentist practice
Replies: 27
Views: 3843

Re: millennials considering purchase of a dentist practice

A valuation has to be done. This should be performed by someone who does this only in the dental field. There are so many "gotchas" that are missed by those outside the dental field. For example, if the selling dentist is in-network with Delta Premier, many don't know that Delta (in most ...
by l2yangop
Sat Feb 11, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: millennials considering purchase of a dentist practice
Replies: 27
Views: 3843

Re: millennials considering purchase of a dentist practice

I don't know if AFTCO is available in your area. For 10 percent of the sales price they will look at the practice, appraise it, and come up with agreements as to what happens before and after the sale. If the practice sells for 500k, that is 50 thousand but AFTCO has some experience with this and c...
by l2yangop
Sat Feb 11, 2017 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: millennials considering purchase of a dentist practice
Replies: 27
Views: 3843

Re: millennials considering purchase of a dentist practice

Not a dentist ... but a few thoughts/questions: 1. As a consumer, the trend (correct me if I am wrong) seems to be dentists in practices with multiple dentists - not just one dentist any more. Is that correct .. or not? 2. Is starting her own practice, from scratch (or perhaps from scratch with ano...
by l2yangop
Fri Feb 10, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: millennials considering purchase of a dentist practice
Replies: 27
Views: 3843

Re: millennials considering purchase of a dentist practice

Paying a local CPA to take a look at this and generate follow up questions would be worth every penny in my opinion. Hard to say what that might cost depending on where you live and how complicated it is, but you're probably looking at $1500-2500, and they might require a retainer. Even better if y...
by l2yangop
Fri Feb 10, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: millennials considering purchase of a dentist practice
Replies: 27
Views: 3843

Re: millennials considering purchase of a dentist practice

Paying a local CPA to take a look at this and generate follow up questions would be worth every penny in my opinion. Hard to say what that might cost depending on where you live and how complicated it is, but you're probably looking at $1500-2500, and they might require a retainer. Even better if y...
by l2yangop
Fri Feb 10, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: millennials considering purchase of a dentist practice
Replies: 27
Views: 3843

millennials considering purchase of a dentist practice

Hello fellow Bogleheads, I am not looking for full on consulting help here, rather just hoping someone can point me in the direction I need to go. My wife is considering leaving her current non-ownership position as a dentist in a local office to potentially enter into an eventual buyout arrangement...
by l2yangop
Fri Jul 15, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: AMA Life & Disability Insurance
Replies: 12
Views: 3069

Re: AMA Life & Disability Insurance

Sorry to dig up this old thread, but do you still have that comparison image? Im doing that comparison right this moment! Below is a summary I created showing the side-by-side differences between a Guardian individual DI policy and the AMA policy. I use Guardian for these comparisons since they hav...
by l2yangop
Fri Jan 15, 2016 8:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: Jacksonville Local Chapter Formed
Replies: 23
Views: 5274

Re: Jacksonville Local Chapter?

Boglehead meeting first Thursday of every month. When: March 1, 2012 @ 7pm Duration: <1hour Where: Starbucks, 1650 Margaret Street, Jacksonville, FL 32204 Who: My name is Chad, I will have my MacBook Air displaying Bogleheads.org site. Look forward to seeing you! Bumping a really old thread. Please...
by l2yangop
Mon Jan 04, 2016 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: AMA Life & Disability Insurance
Replies: 12
Views: 3069

Re: AMA Life & Disability Insurance

Sorry to dig up this old thread, but do you still have that comparison image? Im doing that comparison right this moment! Below is a summary I created showing the side-by-side differences between a Guardian individual DI policy and the AMA policy. I use Guardian for these comparisons since they have...
by l2yangop
Mon Dec 21, 2015 3:23 pm
Forum: Personal Consumer Issues
Topic: Thoughts on switching to a small local homeowners insurer
Replies: 1
Views: 311

Thoughts on switching to a small local homeowners insurer

I am thinking of switching from a mega nationwide insurer for my homeowners insurance to a group local to my state (FL) and SC. I wondered if anyone has and reservations or advice on doing so. The primary motivation is a low rate. They are not on AM Best but I looked up their Demotech rating and it ...
by l2yangop
Wed Oct 15, 2014 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Treat all accts as 1 BIG account for AA or target 70/30 each
Replies: 7
Views: 1074

Re: Treat all accts as 1 BIG account for AA or target 70/30

harikaried wrote:Sounds like you're looking for how to implement an AA across accounts based on tax and growth properties of equities vs bonds:

Principles of tax-efficient fund placement
Tax-adjusted asset allocation


Yes, thats exactly what Im trying. Thanks for the resources.
by l2yangop
Wed Oct 15, 2014 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Treat all accts as 1 BIG account for AA or target 70/30 each
Replies: 7
Views: 1074

Treat all accts as 1 BIG account for AA or target 70/30 each

I have a question about asset allocation. Should I treat all of my portfolios as one BIG portfolio or should I target my 70/30 ideal AA in EACH individual account? It seems to me that it would make more sense to put the bond portion of my 70/30 AA in the HSA or 403B and use the ROTHS for the 70% sto...
by l2yangop
Fri Sep 19, 2014 7:25 am
Forum: Investing - Theory, News & General
Topic: Florida prepaid college plan. Dumb or undumb?
Replies: 33
Views: 10988

Re: Florida prepaid college plan. Dumb or undumb?

Very helpful and exactly the insight I was looking for. Thanks all!
by l2yangop
Wed Sep 17, 2014 11:07 am
Forum: Investing - Theory, News & General
Topic: Florida prepaid college plan. Dumb or undumb?
Replies: 33
Views: 10988

Florida prepaid college plan. Dumb or undumb?

Basically you select a payment plan that ranges from 27k lump sum to 37k if you elect monthly payments based on child’s age (currently infant). Then you are guaranteed a 4 year 120credit education at a state university. I’m thinking it may be smarter to invest the money and let it grow over time to ...
by l2yangop
Mon Aug 04, 2014 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 82
Views: 11826

Re: HSA Strategy for high income earners

I use this strategy too but always wondered something. Asset allocation. I have a FSA, ROTH and 403B and am trying to follow the 3 fund bogleheads approach. Should I treat all 3 portfolios as 1 big portfolio? Or should I try to hold the bonds in the HSA since that is safest in case I DO need to use ...
by l2yangop
Sat Jul 19, 2014 9:18 pm
Forum: Forum Issues and Administration
Topic: Tapatalk Integration
Replies: 50
Views: 17470

Re: Tapatalk Integration

+1 here too!
by l2yangop
Fri Jul 18, 2014 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 4125

Re: Wife has no retirement options- is breadwinner

Well, if you don't have a HSA or a work-based retirement plan for her, let's think creatively about other tax advantaged options... What other benefits do you have through your work? Do you have a health care flex spending account or a dependent care flex spending account? Would a Coverdell make se...
by l2yangop
Fri Jul 18, 2014 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 4125

Re: Wife has no retirement options- is breadwinner

Disclaimer: this comes from a man with a professional daughter who works full time. OP, I am confused. It sounds like she makes as much or more than you working half time than your full time. It seems like the wrong person might be staying at home for whatever reason that is being done for. But the...
by l2yangop
Thu Jul 17, 2014 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 4125

Re: Wife has no retirement options- is breadwinner

1 - Max your 401k 2 - Max both Roth IRAs 3 - Max any HSA you might have access to 4 - Start piling up funds in tax efficient taxable Vanguard mutual funds (such as the Total Stock Market Index, the Total International Index, and/or the S&P 500 Index). Keep bonds and any REITs in the retirement ...
by l2yangop
Thu Jul 17, 2014 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 4125

Re: Wife has no retirement options- is breadwinner

I USED to qualify for an HSA and I have over 10k in it but having just had a child, we no longer have a high deductible health insurance plan and dont qualify.
by l2yangop
Thu Jul 17, 2014 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 4125

Re: Wife has no retirement options- is breadwinner

Is your wife on a W2 with a company that does not offer 401K? Do you contribute to the max of your 401K? You can open a taxable investment account at Fido or VG and do total stock index or total intl stock index. As for making more than roth, do you have a Trad IRA for both or either of you? Look i...
by l2yangop
Thu Jul 17, 2014 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 4125

Re: Wife has no retirement options- is breadwinner

Sidney wrote:Don't underestimate the value of tax-efficient after-tax investments.



Such as? Other than MUNIs?
by l2yangop
Thu Jul 17, 2014 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 4125

Re: Wife has no retirement options- is breadwinner

swimirvine wrote:Would she qualify for an Individual 401(k) at Vanguard?



I'm not familiar with that. I'll look into it. Is that subject to the same income limits as a TIRA?
by l2yangop
Thu Jul 17, 2014 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 4125

Wife has no retirement options- is breadwinner

Truthfully, after calculating my total compensation we make about the same (me 70k + benes, her 100k). She gets no benefits whatsoever..but she’s doing a great job. We are both 30 years old. My question is this: What retirement options does she have aside from a 5500/yr in an IRA? I opened a Roth fo...
by l2yangop
Tue Jul 16, 2013 10:07 pm
Forum: Investing - Theory, News & General
Topic: Timing the 10 year for mortgage lock
Replies: 8
Views: 969

Re: Timing the 10 year for mortgage lock

I've asked that of the 4 lenders i've inquired with. None of them offer float down. Just float. I didn't lock in today, so I will probably just let it float for as long as I can.
by l2yangop
Tue Jul 16, 2013 4:39 pm
Forum: Investing - Theory, News & General
Topic: Timing the 10 year for mortgage lock
Replies: 8
Views: 969

Re: Timing the 10 year for mortgage lock

Well said G-Money. I'm willing to gamble I think :)

Im expecting the Bernake we got a couple weeks ago when he had to make unscheduled commentary to calm the bond selloff.
by l2yangop
Tue Jul 16, 2013 3:43 pm
Forum: Investing - Theory, News & General
Topic: Timing the 10 year for mortgage lock
Replies: 8
Views: 969

Timing the 10 year for mortgage lock

Bernake speaks tomorrow. Rates are at a 2 year high. Could he possibly say anything that might send the 10 year higher? It seems to me he'd like to be more of a dove. I ask because I need to lock in a mortgage rate within 30 days :)
by l2yangop
Fri Jul 12, 2013 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Is now really a good time to buy my age in bonds?
Replies: 35
Views: 3525

Re: Is now really a good time to buy my age in bonds?

Guys, I really enjoyed reading all the comments here. Thanks for contributing. I'm going to look into shorter duration bond funds to make up my 20-30% AA.
by l2yangop
Thu Jul 11, 2013 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Is now really a good time to buy my age in bonds?
Replies: 35
Views: 3525

Re: Is now really a good time to buy my age in bonds?

Also, would I make the most sense to use my HSA for bonds and the Roth for equities indexes since capital preservation could potentially be more important in the HSA in case I ever do in fact need to use it for medical expenses? Maybe short term bond index in the HSA and intermediate term bond inde...
by l2yangop
Thu Jul 11, 2013 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Is now really a good time to buy my age in bonds?
Replies: 35
Views: 3525

Re: Is now really a good time to buy my age in bonds?

Also, would I make the most sense to use my HSA for bonds and the Roth for equities indexes since capital preservation could potentially be more important in the HSA in case I ever do in fact need to use it for medical expenses?
by l2yangop
Thu Jul 11, 2013 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Is now really a good time to buy my age in bonds?
Replies: 35
Views: 3525

Re: Is now really a good time to buy my age in bonds?

I'm assuming you're a "recovering stock picker/newsletter junkie" because you either didn't outperform an appropriate benchmark or you did and you know you were just lucky. If your efforts at timing the stock market were either unsuccessful or unreliable, why do you think you'd have a dif...
by l2yangop
Thu Jul 11, 2013 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Is now really a good time to buy my age in bonds?
Replies: 35
Views: 3525

Is now really a good time to buy my age in bonds?

I’m 30 years old and have 50k in retirement assets (roth + hsa: I pay medical bills in cash). No debt. I am a recovering stock picker/newsletter junkie and want to average into a 3 fund portfolio. I am thinking VTI (40%)/VXUS(30%)/BND(30%) However, I feel like it’s almost certain that after a 30 yea...
by l2yangop
Thu Apr 18, 2013 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Whole life and Long term tax planning
Replies: 30
Views: 1884

Re: Whole life and Long term tax planning

1. We are planning for kids in the next couple years, God willing. I do have group life through my employer but it is for only 3x my annual income which is not sufficient once we have kids (not to mention should I ever lose/leave this job). 2. Only one Roth because we haven't bothered opening one fo...
by l2yangop
Thu Apr 18, 2013 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Whole life and Long term tax planning
Replies: 30
Views: 1884

Re: Whole life and Long term tax planning

Before I answer that I first want to thank everyone for their contributions. I really appreciate all the time some of you invested into answering my question. I was indeed approached (not pressured) by a friend who is in the industry and asked about what our retirement plans look like. He has been n...
by l2yangop
Wed Apr 17, 2013 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life and Long term tax planning
Replies: 30
Views: 1884

Re: Whole life and Long term tax planning

I appreciate everyone's thoughts. We do have plans for kids so I think Insurance is definitely going to be a need. I was only considering WL as another means of diversifying our broader investment strategy.
by l2yangop
Wed Apr 17, 2013 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Whole life and Long term tax planning
Replies: 30
Views: 1884

Whole life and Long term tax planning

I am 30, my wife is 27. Combined we make somewhere between 175-200k per year. We have no debt, and currently rent. In the next few years we plan to buy a home in the 300k range and have cash for 20% down. Our net worth between bank accounts and retirement (roth, 1 employer sponsored 403b, hsa) is ar...
by l2yangop
Fri Mar 01, 2013 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: HSA investing- Is buying TIPS ETF good for safety?
Replies: 7
Views: 629

Re: HSA investing- Is buying TIPS ETF good for safety?

The other thing I was thinking is maybe an income target retirement fund like VTINX
by l2yangop
Fri Mar 01, 2013 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: HSA investing- Is buying TIPS ETF good for safety?
Replies: 7
Views: 629

HSA investing- Is buying TIPS ETF good for safety?

I'd like to keep up with inflation or maybe make a percent or two on top of it in my HSA but for various reasons, I'd like to play it ultra safe. Does it make sense to buy the TIPS etf as opposed to sitting in cash?
by l2yangop
Wed Jun 20, 2012 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend book or web on Taxes/strategies
Replies: 10
Views: 1100

Re: Recommend book or web on Taxes/strategies

Thank you for your contribution. this is very helpful. I have always contributed to a roth account but i make under 120k a year. I don't think she will be able to contribute to it. Her employer doesnt offer a retirement solution and she has not yet established one. I will likely get her setup with ...