Search found 663 matches

by ram
Fri Jul 29, 2016 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Insure Home for less than replacement value
Replies: 14
Views: 671

Re: Insure Home for less than replacement value

Remember that land is not covered and you are wasting money if you are forced to purchase a limit higher than the structure replacement cost due to misclassification or perhaps due to a high mortgage balance. I realize that in most instances land is not lost. But there were instances on the west co...
by ram
Sun Jul 17, 2016 9:35 am
Forum: Personal Consumer Issues
Topic: Electric Scooter?
Replies: 54
Views: 4040

Re: Electric Scooter?

Honda metropolitans are commonly driven in my town where speed limits are 25-35 mph. They are also very common with students at University of Wisc, Madison and my daughter used it there for some time and was happy with its performance. The 49 cc engine will struggle to go uphill at 25 mph with a 200...
by ram
Mon Jul 11, 2016 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Bonds in Taxable Account
Replies: 26
Views: 1765

Re: Investing in Bonds in Taxable Account

I don't expect to spend anything from the taxable account. My heirs will appreciate the fact that I keep all equities there - and in the Roth. Most of my bonds are in my traditional IRA. If equities have better returns than bonds in the future my heirs will benefit from a stepped up basis of the eq...
by ram
Mon Jul 11, 2016 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Bonds in Taxable Account
Replies: 26
Views: 1765

Re: Investing in Bonds in Taxable Account

http://whitecoatinvestor.com/asset-location-bonds-go-in-taxable. I recently read the above article by While Coat Investor that advises about keeping bonds in taxable account for high earners. I am in the 39% federal tax bracket. Currently all my bonds are in the tax deferred space and predominantly...
by ram
Sun Jul 10, 2016 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Bonds in Taxable Account
Replies: 26
Views: 1765

Re: Investing in Bonds in Taxable Account

http://whitecoatinvestor.com/asset-loca ... in-taxable. I recently read the above article by While Coat Investor that advises about keeping bonds in taxable account for high earners. I am in the 39% federal tax bracket. Currently all my bonds are in the tax deferred space and predominantly in Vangu...
by ram
Sun Jul 10, 2016 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Bonds in Taxable Account
Replies: 26
Views: 1765

Re: Investing in Bonds in Taxable Account

WCI did not discuss bonds in a 401(k) versus taxable. He discussed bonds in a Roth versus bonds in taxable. He brushed off discussing bonds in tax-deferred like a 401(k) with what I think was an unsatisfactory answer. Nevertheless, I see no problem with tax-exempt muni bond funds in taxable if tax-...
by ram
Sun Jul 10, 2016 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Bonds in Taxable Account
Replies: 26
Views: 1765

Re: Investing in Bonds in Taxable Account

Here's the Math. Feel free to point out any mistakes. Data: Wisconsin state highest tax rate = 7% or 0.07 (approx) Intermediate Term Tax Exempt returns= 4.48% ( annualized, over a 10 yr duration.) Total Bond returns = 5.0 % Stock returns =8 % (assumed) Initial Investment = 200 K, 100 K each in Bonds...
by ram
Sat Jul 09, 2016 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Bonds in Taxable Account
Replies: 26
Views: 1765

Investing in Bonds in Taxable Account

http://whitecoatinvestor.com/asset-location-bonds-go-in-taxable. I recently read the above article by While Coat Investor that advises about keeping bonds in taxable account for high earners. I am in the 39% federal tax bracket. Currently all my bonds are in the tax deferred space and predominantly ...
by ram
Sat Jul 09, 2016 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Due diligence before becoming a shareholder in a medical practice
Replies: 30
Views: 2401

Re: Due diligence before becoming a shareholder in a medical practice

Are you an employee at present who is being 'elevated' to a shareholder. Or will you be joining as a shareholder. If that is the case then you may want to ask if you can be an employee for a year or two before considering the shareholder position. Most people should be agreeable to it. Actually that...
by ram
Thu Jul 07, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6697

Re: Picking College and College Scholarships

viewtopic.php?t=93996
The bogleheads were a great help when we had similar decisions to make.
viewtopic.php?t=43726
by ram
Sun Jul 03, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Bmo Harris $500 bonus
Replies: 7
Views: 1134

Re: Bmo Harris $500 bonus

I got the same offer and am considering it.

Am I correct in assuming that I will have to pay income tax on it at my marginal rate. That makes it much less attractive.
by ram
Sun Jul 03, 2016 1:49 pm
Forum: Personal Consumer Issues
Topic: Moving Seattle -> Madison?
Replies: 33
Views: 2105

Re: Moving Seattle -> Madison?

I live in the "up north" portion of Wisconsin. If you have doubts about coming to Madison then you certainly do not want to be anywhere near the "up north" portion. For non wisconsinites the state is divided into 3 parts. Milwaukee, Madison and "up north". For somebody ...
by ram
Sun Jul 03, 2016 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vti as high yield looooong term cd
Replies: 16
Views: 1458

Re: Vti as high yield looooong term cd

Bad idea. Unless you have at least twice the money that you really need in retirement.
If so then half of it can be lost to market forces or go to children/charity.
by ram
Fri Jun 24, 2016 9:51 pm
Forum: Investing - Theory, News & General
Topic: Plunge and Panic-Do You Get It Now?
Replies: 108
Views: 12295

Re: Do You See it Now?

I got my 2 weeks of salary today. Stocks were on sale. So I bought some.
by ram
Wed Jun 22, 2016 12:47 am
Forum: Personal Consumer Issues
Topic: General Negotiating Tips
Replies: 72
Views: 7310

Re: General Negotiating Tips

Last year I purchased a used Lexus from a dealer. The price was negotiated and I went to the manager's office to sign paperwork. He wanted to sell me the usual useless stuff. He started with "key insurance" . "A new key costs $500. The key insurance is only $300. You save $200." ...
by ram
Sun Jun 19, 2016 10:48 am
Forum: Investing - Theory, News & General
Topic: Why You Shouldn't Do International Stocks?
Replies: 60
Views: 7631

Re: Why You Shouldn't Do International Stocks?

Because lately they have been performing poorly. No additional reason is needed. :)
by ram
Sat Jun 18, 2016 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: College costs - Grandparents want to pay - Need help
Replies: 18
Views: 1872

Re: College costs - Grandparents want to pay - Need help

I keep 100% of the balance in 529 in stocks (even when the kids are in college). I can pay college tuition from current salary but use 529 plan for tax benefits. If the withdrawal for paying tuition occurs when stocks are doing well, then no further action is needed. If it occurs when stocks are dow...
by ram
Fri Jun 17, 2016 6:44 pm
Forum: Personal Consumer Issues
Topic: Blood glucose meter and blood pressure meter
Replies: 26
Views: 1736

Re: Blood glucose meter and blood pressure meter

sawhorse wrote:
ram wrote:You may also try calling the manufacturer and ask for a free meter. The money is made on the "stripes" side of the business.



Are there any meters that have reusable test strips or no test strips?

No.
by ram
Thu Jun 16, 2016 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my non-gov 457?
Replies: 15
Views: 855

Re: What to do with my non-gov 457?

Take it over 2 or 3 yrs with the hope that it does not bump you up in the next higher bracket. When it does it will hopefully be a modest amount on which you pay the higher marginal tax rate. I do not like the hassle of keeping a fairly modest amount for 20 yrs for the associated paperwork.
by ram
Thu Jun 16, 2016 2:49 am
Forum: Personal Consumer Issues
Topic: Blood glucose meter and blood pressure meter
Replies: 26
Views: 1736

Re: Blood glucose meter and blood pressure meter

Your doctor may have free samples of different kinds of meters. If you have undergone "diabetes education" ask the educator (typically an RN)about the pros and cons of different meters. If you have not had diabetes education, check if your insurance covers it and you may benefit from it. I...
by ram
Thu Jun 16, 2016 2:17 am
Forum: Personal Finance (Not Investing)
Topic: Auto Lawsuit Statistics [Purchasing umbrella insurance]
Replies: 52
Views: 5165

Re: Auto Lawsuit Statistics [Purchasing umbrella insurance]

I have no data on the incidence of payouts for umbrella insurance.
But data similar to the one in the attached article regarding physician malpractice insurance would be useful.
http://www.nejm.org/doi/full/10.1056/NE ... #t=article
by ram
Sat Jun 11, 2016 11:19 am
Forum: Personal Consumer Issues
Topic: Had entire lawn sodded, now some animal is creating holes...Philly Burbs Area
Replies: 27
Views: 1196

Re: Had entire lawn sodded, now some animal is creating holes...Philly Burbs Area

I have 2 such holes in my yard and saw a baby squirrel popping out of one yesterday. Rabbits have made larger holes in the past. Within reason I share my yard with these animals.
by ram
Tue Jun 07, 2016 10:13 pm
Forum: Personal Consumer Issues
Topic: Nuts & Bolts - hardware question
Replies: 40
Views: 2562

Re: Nuts & Bolts - hardware question

When I know exactly what I want I go to the big box store.(cheaper). When I have general idea but need some help I go to ACE hardware (more knowledgeable staff).
by ram
Tue Jun 07, 2016 9:42 pm
Forum: Personal Consumer Issues
Topic: Visiting Napa Valley, CA
Replies: 20
Views: 1852

Re: Visiting Napa Valley, CA

Thank you all for the excellent suggestions. We had a good time in Napa. We liked the V sattui deli more than their wines. We also liked their grape juice. We brought home 2 bottles of their Moscato which both the women liked. The desserts and Gelato at Dean and DeLucas across the winery were also g...
by ram
Tue Jun 07, 2016 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Good age to add minor as AU [Authorized User] on parent's CC
Replies: 20
Views: 1330

Re: Good age to add minor as AU on parent's CC

Both of our kids became AU as soon as they became high school seniors. They made their mistakes while at home for the first year of use and have been fairly responsible users as college students.
by ram
Wed Jun 01, 2016 8:24 pm
Forum: Personal Consumer Issues
Topic: Real price for a new car
Replies: 64
Views: 5554

Re: Real price for a new car

Negotiating for price while physically at the dealer is always a mistake. Your leverage is maximized while on the phone or via email. Of course the dealer knows this and hates it when the customer is smart enough to refuse to come in until they have a firm written offer with drive out price (total ...
by ram
Tue May 31, 2016 7:30 pm
Forum: Personal Consumer Issues
Topic: Would you pay 6x face value to see Hamilton on Broadway?
Replies: 139
Views: 8496

Re: Would you pay 6x face value to see Hamilton on Broadway?

No . I have never paid 2X for a show and that would be my upper limit. On our last Vegas visit we short listed the shows that we would be OK with attending and then bought tickets preferably for those that could be got for 0.7 to 0.8 X (tickets sold within 24 hrs of the show). We bought the best sea...
by ram
Sat May 14, 2016 1:12 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads® Wiki 2016 annual report
Replies: 21
Views: 1997

Re: Bogleheads® Wiki 2016 annual report

Thank you to everybody who has contributed to this work.
by ram
Thu May 12, 2016 9:29 pm
Forum: Personal Consumer Issues
Topic: Gifted math program for 1st grade
Replies: 66
Views: 6835

Re: Gifted math program for 1st grade

Both our children (now in med school and college) benefited from GT programs at their elementary school and later did 14 to 15 AP courses in high school.
by ram
Thu May 12, 2016 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 163
Views: 26644

Re: Costco AMEX Transition - Costco has no answers

I got a letter from Fido that the new card will come in July. The 2% rewards stay.
by ram
Thu May 05, 2016 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Grad School Funding
Replies: 10
Views: 851

Re: Grad School Funding

How about putting the maximum amount that your state will let you deduct taxes on in a 529 account. ( some states do allow this). Invest this year and next.
by ram
Mon May 02, 2016 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House
Replies: 64
Views: 6568

Re: How Much House

House- 2900 sq feet and 1200 finished basement. (4100 total) 0.8 annual combined income at time of purchase. This is rural midwest. Low COL. 35 minutes from work on foot and 7 min by car. Wife and I work in neighboring buildings. Maybe a bit bigger than needed now that both kids are in college. But ...
by ram
Sun May 01, 2016 4:20 pm
Forum: Investing - Theory, News & General
Topic: The 529: The Ultimate Bond Vehicle?
Replies: 21
Views: 2893

Re: The 529: The Ultimate Bond Vehicle?

I had not considered this option and am not fully convinced that it is a worthwhile plan. However the most likely outcome for us will be that we will inadvertently end up with >50 K in 529 plans after our kids finish college. Both of them got significant scholarships. (This scenario assumes that the...
by ram
Sat Apr 30, 2016 8:45 pm
Forum: Personal Consumer Issues
Topic: Visiting Napa Valley, CA
Replies: 20
Views: 1852

Re: Visiting Napa Valley, CA

Thank you all. Keep it coming.
by ram
Sat Apr 30, 2016 12:50 pm
Forum: Personal Consumer Issues
Topic: Visiting Napa Valley, CA
Replies: 20
Views: 1852

Re: Visiting Napa Valley, CA

You didn't say what kind of wine you like, what time of year you are going, and price point. Two good hiking trails are the Oat Mine Trail and Table Rock Trail near Calistoga, but I'm not sure I'd do that in the afternoon heat during the summer. Sorry. I will be there in 2 weeks. I am not very know...
by ram
Fri Apr 29, 2016 11:04 pm
Forum: Personal Consumer Issues
Topic: Visiting Napa Valley, CA
Replies: 20
Views: 1852

Visiting Napa Valley, CA

I am attending a 2.5 day conference at Silverado Resort, Napa Valley in mid May(staying there). I will be done at friday noon and we have the rest of friday and whole of saturday free. We fly out Sun morning. My wife will be free all 4 days. We are in our late 40's/ early 50's and in good physical s...
by ram
Fri Apr 29, 2016 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: VG - brokerage "upgrade"
Replies: 14
Views: 1861

Re: VG - brokerage "upgrade"

I think "transition" to brokerage ac is probably a better description than an "upgrade"
by ram
Wed Apr 27, 2016 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Practices
Replies: 26
Views: 2081

Re: Medical Billing Practices

It appears that you are being billed after the service had been provided. I dont blame you that you liked the longer gap from the date of service to the date of payment. If that is very important simply change physicians. However the next medical practice will get the same payment for the same visit...
by ram
Mon Apr 18, 2016 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: VA Medical Benefits
Replies: 13
Views: 1660

Re: VA Medical Benefits

I am not a vet. I am a physician and part of my medical training was in the VA medical system. I currently do not work at a VA center but have friends who do. Most large urban VA clinics and hospitals are affiliated with a university and many conduct top notch research. I would be inclined to believ...
by ram
Sun Apr 17, 2016 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Medical School preparation Pointers for a Sophomore Student
Replies: 48
Views: 3421

Re: Medical School preparation Pointers for a Sophomore Student

http://www.startmedicine.com/app/medstatistics.asp

My daughter got decent GPA and MCATscores, volunteered at the local hospital and overseas at a 3 month camp and applied to about 20 schools. Now in her 2nd yr of med school.
by ram
Sat Apr 16, 2016 1:42 am
Forum: Personal Consumer Issues
Topic: Cost of medication - Costco versus Walgreens
Replies: 31
Views: 6004

Re: Cost of medication - Costco versus Walgreens

I had the dubious honor of being diagnosed with pneumonia today. I am on Medicare, and my Part D is the AARP sponsored United Health plan. My doctor faxed over a prescription for an antibiotic to Walgreens, and my personal responsibility for the ten day supply was over $35. Out of curiosity, I then...
by ram
Thu Apr 14, 2016 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax- How to correct the backdoor Roth entry
Replies: 2
Views: 299

Re: TurboTax- How to correct the backdoor Roth entry

If you just entered a 1099-R that would be for the conversion to Roth IRA. It does not handle the contribution to Traditional IRA. Make sure you enter the contribution to Traditional IRA into your tax return as well. If your tax situation is such that you cannot deduct the TIRA contribution, form 8...
by ram
Thu Apr 07, 2016 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax- How to correct the backdoor Roth entry
Replies: 2
Views: 299

TurboTax- How to correct the backdoor Roth entry

I am filing my 2015 taxes with turbotax. (the internet based version). My wife and I have contributed to Traditional IRA and then one day later transferred it to Roth in Jan 2015. I went thru the question answer method of turbo tax and it seems that I missed something. Before filing I looked at the ...
by ram
Wed Mar 30, 2016 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Clothing budget for DVM's, MD's, and other kinds of Medical Professionals
Replies: 38
Views: 3316

Re: Clothing budget for DVM's, MD's, and other kinds of Medical Professionals

Male MD. I wear a tie Mon - Fri but not on the weekend hospital rounds. A suit only if I am giving a lecture, board meeting etc, not while seeing patients. Annual budget - do not monitor but perhaps 1000/yr. Five suits in last 10 yrs all in good condition. Wife is a physician too. She is sometimes i...
by ram
Sun Mar 27, 2016 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Life Insurance - how much to get (medical resident)
Replies: 3
Views: 496

Re: Life Insurance - how much to get (medical resident)

Your logic for your own term life insurance is reasonable. For your wife I would get at least 500 K and preferably 1 M policy for 10 yrs. You may also want to consider total of 3 M policies for yourself but the third million could easily be added after you become an attending. The cost of premium fo...
by ram
Tue Mar 22, 2016 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal income inequality, pay off mortgage or invest?
Replies: 44
Views: 5754

Re: Spousal income inequality, pay off mortgage or invest?

What do you think paying down the mortgage in around 5-6 years instead of investing?[/quote]

We found that paying the mortgage within a few years was very satisfying.
by ram
Sat Mar 12, 2016 1:48 am
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 5278

Re: Advice for physician asking for a raise

In general physician salaries are lower on the coasts and better in the middle of the country. (Assuming all other things remaining equal). Salaries are better in rural areas than in urban areas. When compensation is all or predominantly a fixed salary amount the employer attracts a particular type ...

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