Search found 1001 matches

by ram
Sat May 12, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 148
Views: 11159

Re: New(ish) attending physicians in the Bay Area: Housing

We are a physician couple living in rural midwest (housing cost opposite of yours). If we were considering jobs in California we would approach it this way: 1. Lets suppose each of you makes 250K. (total 500 K) 2. Lets assume you would have bought a 1 million house in other parts of the country and ...
by ram
Mon May 07, 2018 7:39 pm
Forum: Personal Consumer Issues
Topic: How much car to buy on $250K income, $200K NW, newborn on the way
Replies: 78
Views: 5955

Re: How much car to buy on $250K income, $200K NW, newborn on the way

Upto 3 mo total income = 60K. But realistically 40 K will buy you a good SUV, minivan to complement the sedan.
by ram
Mon May 07, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to spend less on kids' tutoring fee?
Replies: 13
Views: 1734

Re: How to spend less on kids' tutoring fee?

Consider using a non traditional tutor. A college student with good scores in the relevant subject may be an option depending on where you live. During his high school my son tutored middle school students for about $10/hr. During his college years he worked for an online tutoring company teaching A...
by ram
Mon May 07, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to change jobs or should I stay put?
Replies: 70
Views: 6280

Re: Is it time for me to change jobs or should I stay put?

I have found myself near the bottom of the totem pole in the department despite my years of experience (and being told by many managers they were happy with my work. In my former role as department chair I have given both of these reviews: 1. He does good work. He is currently at an appropriate lev...
by ram
Sun May 06, 2018 9:45 pm
Forum: Investing - Theory, News & General
Topic: Natural Life Expectancy
Replies: 17
Views: 1384

Re: Natural Life Expectancy

When you say 'life expectancy' without any further details most people would assume it to be life expectancy 'at birth'. Infant mortality rate has been high historically and continues to be high in poorer parts of the world even today. Infant mortality in Central Africa in the last 10 years has been...
by ram
Sun May 06, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Elder Care Advice
Replies: 26
Views: 2111

Re: Elder Care Advice

All I will say is that your family has planned better than 90% of other families based on my experience as a physician.
by ram
Sun May 06, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 5911

Re: Comparing 2 physician jobs

I will probably try option 1 for a year or so. The offer seems very competitive especially with the singing bonus. Your partner will be out of work during this time, but may be she can use this time to do what she really love, maybe do more travel, online degree/certification or even a small busine...
by ram
Sun May 06, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 5911

Re: Comparing 2 physician jobs

1. I am a physician working in the middle of nowhere. 2. The partnership may not materialize. (stock like). 3. The rural job salary is guaranteed. (bond like) 4. More important than negotiating extra 50 K I would negotiate a longer duration of guaranteed salary. You did not say how many years guaran...
by ram
Wed May 02, 2018 8:01 pm
Forum: Personal Consumer Issues
Topic: Family vacationing
Replies: 40
Views: 3722

Re: Family vacationing

Thanks for the great ideas all ! Really appreciate the feedback. To clarify, we live just north of Boston. I do not travel for work. Our "vacations" have been to Maine, NH, R.I., Boston, beaches, and the kids are into animals, (zoos), sports - we have done the AAA Paw Sox and AA Portland Sea Dogs, ...
by ram
Wed May 02, 2018 7:44 pm
Forum: Personal Consumer Issues
Topic: Family vacationing
Replies: 40
Views: 3722

Re: Family vacationing

Earlier today I booked a 28 foot camper foe 3 days in August. ($300). It sleeps six people. The guy will park it at the site and pick it up ($250). I do not have a suitable vehicle to tow it. We will go in our minivan. All food will be in ice boxes and we will cook it on site. Park reservations wil...
by ram
Wed May 02, 2018 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Raise in expenses, wealth, income. Changed AA (Conservative to Aggressive, simple to simpler), pls Critique
Replies: 7
Views: 791

Re: Raise in expenses, wealth, income. Changed AA (Conservative to Aggressive, simple to simpler), pls Critique

If you are making >180K and spending only 55K + taxes then you are saving enough. Whereas nobody can predict death it should not be a big concern in 30's (concern about what dependents can do). If you can handle the complexity I see no reason to make it simpler. If you want it simpler then I have no...
by ram
Sat Apr 28, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: How To Handle Auto Accident Insurance Company Letter
Replies: 16
Views: 2149

Re: How To Handle Auto Accident Insurance Company Letter

You have received good advice above.
by ram
Sat Apr 28, 2018 6:55 pm
Forum: Personal Consumer Issues
Topic: Family vacationing
Replies: 40
Views: 3722

Re: Family vacationing

Earlier today I booked a 28 foot camper foe 3 days in August. ($300). It sleeps six people. The guy will park it at the site and pick it up ($250). I do not have a suitable vehicle to tow it. We will go in our minivan. All food will be in ice boxes and we will cook it on site. Park reservations will...
by ram
Sat Apr 28, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Lexus ES 350 versus Hyundai Genesis
Replies: 22
Views: 6532

Re: Lexus ES 350 versus Hyundai Genesis

Current owner of a preowned 2012 Lexus LS 460. In 2015 I compared it to a new genesis. The LS was much quieter and comfortable. The Genesis salesman called it boring. Perhaps true. But 'boring' is acceptable to me in return for 'comfortable' over a 5 hour drive.
by ram
Thu Apr 26, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: 300k vs 500k house?
Replies: 32
Views: 4455

Re: 300k vs 500k house?

Our kids left for college 6 and 8 yrs ago. We have not downsized and do not plan to. Kids still have their old bedrooms and they like it.
by ram
Thu Apr 26, 2018 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: New Physician Portfolio Review [Updated 2 years after]
Replies: 12
Views: 2163

Re: New Physician Portfolio Review [Updated 2 years after]

Looks good. A 32 yr old physician is the same as a 22 yr old non physician (early earning years). So if 95/5 is OK for a 22 yr old non physician then it is OK for a 32 yr old physician. However as you still will be retiring at the usual (or earlier) age the transition towards bonds will need to be m...
by ram
Wed Apr 25, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance quotes for 23 year old (male-don't know if this matters)
Replies: 19
Views: 1037

Re: Car insurance quotes for 23 year old (male-don't know if this matters)

https://crashstats.nhtsa.dot.gov/Api/Pu ... ion/810853

Males are at higher risk.
Young adults are a fairly high risk with only teenage drivers and medicare age drivers being a more higher risk group.
by ram
Tue Apr 24, 2018 7:10 pm
Forum: Personal Consumer Issues
Topic: Cost of ownership for midsize SUV/wagon
Replies: 27
Views: 1828

Re: Cost of ownership for midsize SUV/wagon

With your wants/needs, I'd seriously consider a 1-2 year old CPO luxury car. Let someone else take that hit and drive around in a $80k luxury vehicle for $50k. On a side note, when I was at BMW a few weeks back they started up an M verison of an X5 and it sounded glorious. I have been happy doing e...
by ram
Wed Apr 18, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tax day come and gone.....
Replies: 29
Views: 3091

Re: Tax day come and gone.....

cherijoh wrote:
Wed Apr 18, 2018 8:59 am
Do you just have a "vanilla" tax return with the bulk coming from salary and the remainder from dividends? Unless one is a business owner or has rental property I'm not sure how much benefit a tax specialist would be able to provide.
I have a vanilla tax return and I agree with you.
by ram
Wed Apr 18, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tax day come and gone.....
Replies: 29
Views: 3091

Re: Tax day come and gone.....

I have reviewed the tax changes. The actionable things for me were: Put next 5 years of charitable donations into Fidelity charitable before Dec 31. Did "spring" cleaning before Dec 31 and donated it all. Paid real estate tax before Dec 31 for which I had a bill with last date of payment of Jan 31. ...
by ram
Sun Apr 15, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Where to put TV in living room?
Replies: 12
Views: 1046

Re: Where to put TV in living room?

On left lower corner on a hinged frame where you can turn direction to make it parallel to fireplace or perpendicular to fireplace and then decide positions of sofa, love seat, chair depending on how many people, how frequently watch that particular TV.
by ram
Sun Apr 15, 2018 9:22 pm
Forum: Personal Consumer Issues
Topic: Las Vegas hotel
Replies: 44
Views: 3218

Re: Las Vegas hotel

westie wrote:
Sun Apr 15, 2018 4:21 pm
I prefer the Embassy Suites a few blocks off the strip, no resort fee, free parking.
I stayed there a few yrs ago. Free drinks in the evening.
by ram
Sun Apr 15, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: BH travel tips?
Replies: 192
Views: 13747

Re: BH travel tips?

[/quote] For my current Global Entry I paid the full cost. When it expires and I need a new one, I might get a credit card that covers it. I think Chase Sapphire Reserve does it. Victoria [/quote] Yes. CSR covers it. The net fee comes down to $50 in the year you use it for Global entry. [450 - (300+...
by ram
Fri Apr 13, 2018 8:18 pm
Forum: Investing - Theory, News & General
Topic: Scatter plots, monthly and quarterly returns, Total Stock versus 500 Index
Replies: 9
Views: 817

Re: Scatter plots, monthly and quarterly returns, Total Stock versus 500 Index

Thanks for posting these. I have used these two funds for tax loss harvesting. Over the long term, say >10 yrs their return in essentially identical. As you pointed out there are fairly frequent short term variations in return between the two and over the years I have tried to exploit these. Despite...
by ram
Fri Apr 13, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Engineering: Quality of school vs. specialized niche degree
Replies: 52
Views: 3524

Re: Engineering: Quality of school vs. specialized niche degree

My daughter joined biomedical engineering program at our in state flagship, did 2 years of it and then changed her major to biology and is now in medical school.
So I agree with the advice to pursue something broader to start with.
by ram
Wed Apr 11, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 38073

Re: Name something you bought that wasn't cheap and glad you did

Car: Lexus LS 460.

My wife adds: Vitamix, Instapot cooker.
by ram
Wed Apr 11, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being unreasonable? [Send daughter to private kindergarten]
Replies: 70
Views: 4123

Re: Am I being unreasonable?

I know that one data point does not mean anything. But this is our story. Daughter went to public school. She was the top student in the state (State AP scholar). This includes all private schools in the state. She got a scholarship to attend Medical school. However at the present time I am paying >...
by ram
Sat Apr 07, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Can Big Tech Stocks Grow Without Limits?
Replies: 38
Views: 3109

Re: Can Big Tech Stocks Grow Without Limits?

A human (who is 50 cm at birth) grows 25 cm in the first year, 13 cm in the second year, 6 cm in the third year -----, stable for about 50 years between age 18 to 68 and starts shrinking in height after that. I would be interested to know about the growth of railroad companies, photographic paper ma...
by ram
Thu Apr 05, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: JAMA article's health implications for asset allocation
Replies: 43
Views: 3627

Re: JAMA article's health implications for asset allocation

No statistician here - but association is not causation. Investment losses aren’t even in the top 10 reasons for personal bankruptcy (medical expenses account for 62%, followed by reduced income, job loss, debt, and divorce). The following well researched study refutes the claim about medical bankr...
by ram
Sun Apr 01, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Car totalled, not-at-fault - use my insurance or theirs? What leverage do I have for negotiating?
Replies: 35
Views: 3370

Re: Car totalled, not-at-fault - use my insurance or theirs? What leverage do I have for negotiating?

A few years ago my legally parked car was damaged by a delivery truck with damages of about 4000.
I went through my insurance (Amica) who paid me (4000- deductible). I thought that was the end of it.
6 mo later I got a letter from Amica and a check for the deductible.
by ram
Sun Apr 01, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy? Military Doc. What would you do?
Replies: 46
Views: 3328

Re: Rent or Buy? Military Doc. What would you do?

Keep renting. Theoretically - would there ever be a price that you’d change your advice in my situation? Theorotically, If you could add the yard of the new house to your current rental how much rent would you be willing to pay? Add that and run the Buy Vs rent calculator. If you have to rent the 4...
by ram
Sun Apr 01, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Options for My Parents
Replies: 22
Views: 1813

Re: Retirement Options for My Parents

About 10K/yr pension. And 40K rental income. They can then invest the .5 M more aggressively.
The pension is clearly better and will also allow them to invest more aggeresively if they so wish.
by ram
Sat Mar 31, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions from a Graduating Medical Student
Replies: 10
Views: 770

Re: Portfolio Questions from a Graduating Medical Student

A surgical resident doing a 7 yr residency is eventually going to earn 150K in 3 months. Whether you put 1 week worth of that eventual salary in Emerging markets for a potential 1% higher return is not going to matter too much. I say keep it simple ( 3 funds). Keep bonds in 401K. I assume you will h...
by ram
Sat Mar 31, 2018 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Learning about investment as a child
Replies: 7
Views: 728

Re: Learning about investment as a child

I taught my kids simple and compound interest when they were in 3rd and 5th grade. I taught them the concept of equity when they ran the lemonade stand at about the same time. I loaned them money at 1% per day to run their lemonade stand. This led to discussions about leverage. We discussed about cy...
by ram
Fri Mar 30, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 4324

Re: When did you know your kids would go to college?

We assumed at conception that both our children would attend college. Our assumptions have turned out to be correct. Funding for 529's came after saving in 401K, backdoor Roths, HSA and taxable account for retirement. We ended up with over funded 529's because both kids received substantial (merit b...
by ram
Fri Mar 30, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 2613

Re: medical practice reimbursement issues

I am an employed physician. I will not work for 50% of "X" when I have no control over "X" My contract stipulates that I will work for Y. In return all my billings belong to my employer. Now the responsibility is on my employer to collect the maximum possible. I do not care if he elects to employ hi...
by ram
Fri Mar 30, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: Honest Feedback on yet another model portfolio
Replies: 47
Views: 3104

Re: Honest Feedback on yet another model portfolio

a) 1,2 b) 3,4 c) No d) I use total bond and stable value fund for ameliorating turbulence from stock returns. Good to know about d). If possible can you elaborate on %allocation across the categories? 1) Decide Stock: bond ratio. Options: Age in bonds (40% bonds if age 40yrs), (age-10), (age-20) in...
by ram
Sun Mar 25, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase - Sanity Check On Financials
Replies: 53
Views: 4400

Re: House Purchase - Sanity Check On Financials

I like to buy a house at <=3 times annual income. You qualify but barely. It assumes that the income is fairly stable.
by ram
Sun Mar 25, 2018 9:54 pm
Forum: Investing - Theory, News & General
Topic: Honest Feedback on yet another model portfolio
Replies: 47
Views: 3104

Re: Honest Feedback on yet another model portfolio

a) 1,2
b) 3,4
c) No
d) I use total bond and stable value fund for ameliorating turbulence from stock returns.
by ram
Sun Mar 25, 2018 9:44 pm
Forum: Personal Consumer Issues
Topic: New car?
Replies: 46
Views: 3334

Re: New car?

Yes. Buy a new/newer car.
by ram
Sun Mar 25, 2018 9:15 pm
Forum: Personal Consumer Issues
Topic: Favorite vacations that don’t involve travel
Replies: 13
Views: 2020

Re: Favorite vacations that don’t involve travel

Staycation.
I once spent my one day vacation at the local public library. It would have been lost if not used. I enjoyed it.
by ram
Fri Mar 23, 2018 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Kaiser doctors, get in here :)
Replies: 4
Views: 1840

Re: Kaiser doctors, get in here :)

I do a backdoor Roth and pay maximum into my 401K. I also save in a taxable account.

You will get better answers if you describe the plan.
by ram
Thu Mar 22, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax- Foreign Tax question.
Replies: 8
Views: 956

Re: Turbo Tax- Foreign Tax question.

Thanks. The foreign income was <1% of total income. I always use turbotax. Does it keep track of it for subsequent years.
by ram
Thu Mar 22, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: can I afford 850K house ?
Replies: 13
Views: 2638

Re: can I afford 850K house ?

Assuming income is stable I feel comfortable buying a house equal to 3 times income. If it is unstable I would use 3x of the stable component.
by ram
Sun Mar 18, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax- Foreign Tax question.
Replies: 8
Views: 956

Re: Turbo Tax- Foreign Tax question.

I worked it both ways. Went back to the initial answers as suggested and it seems I am one of the odd ones where taking it as a deduction was more useful.

Does anybody have any ideas why it would be the case. Thanks everybody.
by ram
Thu Mar 15, 2018 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: What are the jobs with the best medical insurance?
Replies: 51
Views: 3713

Re: What are the jobs with the best medical insurance?

Pretty much every company will offer benefits for family... what you pay for them will vary drastically. Insurance is not job specific (unless you are a provider - they can be better), it is company specific. I have worked in Healthcare for 15 years. I have found that the best medical insurance is ...
by ram
Thu Mar 15, 2018 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax- Foreign Tax question.
Replies: 8
Views: 956

Re: Turbo Tax- Foreign Tax question.

Thanks Ace and Nicolas.
by ram
Thu Mar 15, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax- Foreign Tax question.
Replies: 8
Views: 956

Turbo Tax- Foreign Tax question.

Vanguard form 1099 DIV shows me the amount of foreign tax that I paid. ( All foreign Div is from international Mutual Funds and ETFs held at Vanguard in taxable account) Turbotax has imported it properly. Additionally during "federal review" TurboTax asks me : Box 6 to pick one of these options. a) ...