Search found 462 matches

by kiddoc
Sun Jul 14, 2019 12:32 am
Forum: Personal Consumer Issues
Topic: "Objective" Importance of Keeping Your Physicians?
Replies: 63
Views: 4844

Re: "Objective" Importance of Keeping Your Physicians?

Color me skeptical. The linked study was an examination of 18 other studies. Of those 18, 12 were cross-sectional, 5 were cohort, and only one was a randomized control trial. I would be very interested to see how that randomized control trial was performed. In addition, the linked study was publish...
by kiddoc
Fri Feb 15, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-MISC / W-2 physician tax question
Replies: 6
Views: 499

Re: 1099-MISC / W-2 physician tax question

ezekiel1401 wrote:
Fri Feb 15, 2019 9:31 pm
she works for a hospital as a salaried employee and her contract agreement is that gets paid a portion receipts charged.
This usually means the hospital receives the entire payment from insurance companies and adds her percentage to her W-2 salary.
by kiddoc
Fri Feb 15, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-MISC / W-2 physician tax question
Replies: 6
Views: 499

Re: 1099-MISC / W-2 physician tax question

Strange. All bill submission and reimbursement from insurance companies for employee physicians is usually under the hospital's name/ tax ID. Did she do any locums/ independent contractor/ insurance records review/ moonlighting work on the side? If not, something is wrong and you need to contact the...
by kiddoc
Thu Jan 03, 2019 10:11 pm
Forum: Personal Investments
Topic: My annualized returns: when real life follows academic studies
Replies: 26
Views: 2976

Re: My annualized returns: when real life follows academic studies

@kiddoc, thanks for your starting post to this thread. Did you state how you get your total returns of your reference (aka benchmark) portfolio(s)? I use some mutual funds as my benchmarks and can readily see why my portfolio underperforms or outperforms. For instance, in 2018, my portfolio underpe...
by kiddoc
Wed Jan 02, 2019 11:54 pm
Forum: Personal Investments
Topic: My annualized returns: when real life follows academic studies
Replies: 26
Views: 2976

Re: My annualized returns: when real life follows academic studies

2015 wrote:
Tue Jan 01, 2019 9:14 pm
kiddoc wrote:
Tue Jan 01, 2019 10:26 am
...
I made lots of controversial moves and learned a lot about myself this year.

...
In my view, this was your greatest return on investment of time spent.
:mrgreen: Probably
by kiddoc
Tue Jan 01, 2019 8:27 pm
Forum: Personal Investments
Topic: PA 529 plan investments
Replies: 4
Views: 285

Re: PA 529 plan investments

Thanks to both you. Very useful information.

As 529 plans can be rolled over once a year if I want to or move out of state, will probably start PA529.
by kiddoc
Tue Jan 01, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab to Vanguard ?
Replies: 45
Views: 3568

Re: Schwab to Vanguard ?

If it's a taxable account the answer would be NOOOOOOOOOOOOOOOOOOOO :P Simply to avoid the cost basis glitches Vanguard has never gotten over. If tax protected account and you are willing to move from a professional service model to a part time/ no service model with occasional glitches (you could b...
by kiddoc
Tue Jan 01, 2019 12:13 pm
Forum: Personal Investments
Topic: PA 529 plan investments
Replies: 4
Views: 285

PA 529 plan investments

I hear a lot of praises about invest plans in the New York, Nevada and Utah 529 plans. Never heard much about the Pennsylvania plan. Looks like it has very reasonable costs and investment options: https://www.pa529.com/investment-plan/ Looks like all Vanguard options with very reasonable fees. 0.5-0...
by kiddoc
Tue Jan 01, 2019 10:39 am
Forum: Personal Investments
Topic: My annualized returns: when real life follows academic studies
Replies: 26
Views: 2976

Re: My annualized returns: when real life follows academic studies

Clarification: The returns do not account for the value of Tax-loss harvesting with a slice-and-dice portfolio, ~$500-1000/ year.
by kiddoc
Tue Jan 01, 2019 10:26 am
Forum: Personal Investments
Topic: My annualized returns: when real life follows academic studies
Replies: 26
Views: 2976

My annualized returns: when real life follows academic studies

Every year, I post whatever happened to my portfolio here. This helps to keep me honest and usually provides me significant pearls. It also helps me own up to mistakes and stick to my IPS. Previous posts: 2016- https://www.bogleheads.org/forum/viewtopic.php?f=1&t=206846&p=3171341#p3171341 2017- http...
by kiddoc
Tue Dec 25, 2018 10:06 pm
Forum: Personal Investments
Topic: CityVest investment
Replies: 8
Views: 1067

Re: CityVest investment

This is an "accredited investor" opportunity. In case you are not familiar with this term, let me sum it up: These are high-risk, potential (not guaranteed) high return investments. The usual investor protections in place for publicly traded securities do not apply. They use high risk active managem...
by kiddoc
Mon Dec 17, 2018 10:32 am
Forum: Personal Investments
Topic: Vanguard Screwed Up My Cost Basis - FIFO Instead of Spec ID
Replies: 16
Views: 2866

Re: Vanguard Screwed Up My Cost Basis - FIFO Instead of Spec ID

Whenever you transact on Vanguard, assume that accounting/record keeping would not be done by competent financial professionals/software. It will be done at a level consistent with part-time high schoolers who are still learning accounting. This is the level of service I expect from Vanguard. If the...
by kiddoc
Mon Dec 17, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Airbnb as side gig
Replies: 44
Views: 3176

Re: Airbnb as side gig

Thank you all for your valuable insight. After going through all of this together, we have decided to hold off on Airbnb. Will look for other side gigs for stay-at-home spouses. Many thanks again.
by kiddoc
Sun Dec 16, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Airbnb as side gig
Replies: 44
Views: 3176

Airbnb as side gig

My stay-at-home spouse is thinking about listing one of our rooms on Airbnb as a side gig and generate some self employment income. The purpose is early mortgage pay-off, setting up individual 401k and bolstering retirement savings. We have a 4 bedroom 3.5 bathroom house and are currently using only...
by kiddoc
Sat Nov 17, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: which snow blower ?
Replies: 58
Views: 4058

Re: which snow blower ?

Very timely discussion. I am trying to decide between the Toro Snowmaster 724 QXE (described as a single stage blower with performance better than 2 stage despite heavy snow) or a Troy Bilt Storm 2460 or 2660. The other blowers I have looked at were either >$800 or had issues described in reviews. I...
by kiddoc
Tue Aug 07, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone taken out an online mortgage?
Replies: 55
Views: 6334

Re: Has anyone taken out an online mortgage?

Do you have to go through the process of making an application and providing your financial information to each of these to get a quote and fees? Were you online with Bof A as well, or in-person? The application part depends on the lender. Most lenders should be able to send you a fee disclosure an...
by kiddoc
Tue Aug 07, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone taken out an online mortgage?
Replies: 55
Views: 6334

Re: Has anyone taken out an online mortgage?

I quoted with multiple online lenders before settling with pitting Bank of America against one of them to get the best rate (BoA won). Make sure you make a list and compare various fees they are charging you. They make it sound like "we are giving you the best rate and deal". However, when I made al...
by kiddoc
Thu May 03, 2018 5:33 pm
Forum: Personal Investments
Topic: How to treat a mortgage in context of long term investment
Replies: 12
Views: 1492

Re: How to treat a mortgage in context of long term investment

1. The "duration" of a 30 year fixed rate mortgage is closer to 9 years, so you would compare it to a bond of that duration I couldn't understand that either. :confused EHEngineer's plan to "loan money from your bond allocation" does sound interesting. However, it will increase the overall portfoli...
by kiddoc
Wed May 02, 2018 8:59 pm
Forum: Personal Investments
Topic: Rollover IRA crowdfunding
Replies: 6
Views: 388

Re: Rollover IRA crowdfunding

Do you mean rollover the 401k into an IRA to invest in real estate crowdfunding? I am not sure what you mean by "rolling this 401k into an IRA in order to start crowdfunding". If I understood you correctly, the answer depends on how this fits in with the rest of your portfolio, goals, etc so will ne...
by kiddoc
Wed May 02, 2018 8:47 pm
Forum: Personal Investments
Topic: How to treat a mortgage in context of long term investment
Replies: 12
Views: 1492

How to treat a mortgage in context of long term investment

Previously, we established that a mortgage is essentially a negative bond with a negative yield = mortgage interest rate for the duration of the mortgage Mortgage: negative yield bond So how do people treat a mortgage when deciding about investments in taxable accounts? My mortgage interest rate is ...
by kiddoc
Thu Apr 19, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 14970

Re: Got hit with a $2800 Medical bill. Can I negotiate?

A month later the itemized bill comes. Cost of Maitre de: $67 Cost of food: $125 Cost of server: $85 Cost of bus boy: $60 Consultation with cook re dietary requirements: $50 Cost of laundering napkins: $27 Cost of cleaning silverware: $34 Misc dishwasher services: $42 Cooking food, 34 minutes x 4.7...
by kiddoc
Thu Apr 19, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 14970

Re: Got hit with a $2800 Medical bill. Can I negotiate?

OP, your eventual outcome will be healthcare facility specific. Whether you get a write-off or not depends on institutional policy and what particular contract the facilities have with the insurance company. Don't be surprised if they tell you they can't write anything off as they may be contractual...
by kiddoc
Fri Apr 13, 2018 5:06 pm
Forum: Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2784

Re: Guaranteed 9% annualized return?

Assuming investments return the same 3.875% after tax: In scenario 1 (pay only the mortgage minimum and invest the $4K/mo), after 15 years you have a) no mortgage b) $974,367.19 investment balance In scenario 2 (pay $4K/mo extra toward the mortgage until fully paid, then invest the $6294.20/mo), af...
by kiddoc
Fri Apr 13, 2018 4:51 pm
Forum: Personal Investments
Topic: Car Loan vs Home Mortgage
Replies: 28
Views: 3107

Re: Car Loan vs Home Mortgage

If I were you, I would choose to put the extra payment towards the mortgage. Paying towards the car loan and eliminating it faster is called the "debt snowball method". Paying extra towards the higher interest (but larger) loan is sometimes called the "debt avalanche method". Google these two terms ...
by kiddoc
Fri Apr 13, 2018 4:21 pm
Forum: Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2784

Re: Guaranteed 9% annualized return?

As I see it, not paying the 4000 extra towards mortgage pays off only in the scenario of an after-tax return of >5.5 or 6%. The net result of paying extra principal amounts on a mortgage with an after-tax rate of X%/yr will be the same as investing the same amounts under the same conditions (i.e., ...
by kiddoc
Fri Apr 13, 2018 1:47 pm
Forum: Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2784

Re: Guaranteed 9% annualized return?

Posting this again for reference as this takes into account opportunity cost: I did some calculations using the FV function in Excel and here are the results. Scenario 1: Payoff mortgage early, then invest everything you were throwing at the mortgage in a 75:25 taxable account for 10 years 5 months ...
by kiddoc
Fri Apr 13, 2018 1:41 pm
Forum: Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2784

Re: Guaranteed 9% annualized return?

To expand on my earlier post with the math: You were calculating the IRR like this: -48000 <- negative is the "investment" -48000 -48000 -48000 -28000 291448 <- positive is the return IRR = 9.01% When it should be something like this: -48000 -48000 -48000 -48000 -16530 <- 28000 invested, offset by ...
by kiddoc
Fri Apr 13, 2018 12:53 pm
Forum: Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2784

Re: Guaranteed 9% annualized return?

Once again, why is everyone discounting the negative coupon rate to 2.75% if I am not going to be able to itemize? I did some calculations using the FV function in Excel and here are the results. Scenario 1: Payoff mortgage early, save 71488 interest, and then invest everything you were throwing at...
by kiddoc
Fri Apr 13, 2018 12:21 pm
Forum: Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2784

Re: Guaranteed 9% annualized return?

I think I understand what the above posters are trying to say. My calculation is missing the opportunity cost of the extra payments if I put them in a taxable account instead of paying off the mortgage. Is there a good way to account for that? I was thinking about running the scenario over the 15 ye...
by kiddoc
Fri Apr 13, 2018 12:16 pm
Forum: Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2784

Re: Guaranteed 9% annualized return?

Your mortgage has an effective after tax rate of 2.75%. 3.875*(1-.29) Your mortgage is a negative bond. Any pre-paid principle applied will thus give you a return of 2.75%. Emotionally I know where you are coming from but your logic is wrong. Personally, I would advocate leverage. Take that extra p...
by kiddoc
Fri Apr 13, 2018 12:00 pm
Forum: Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2784

Guaranteed 9% annualized return?

Hello, I recently bought a house and picked up a mortgage. I was calculating the annualized return to paying it off early and was very surprised by the results. Can people please check the numbers and comment if they are correct? Mortgage: 312800, 15 year, 3.875% Monthly payment per bank: 2294.2 Aft...
by kiddoc
Mon Apr 02, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 3423

Re: medical practice reimbursement issues

To everyone saying an employed physician should only sign contracts where income is based on billed RVUs: Most small practices will be unwilling to do that if the physician is on a partnership track. It sounds like you are saying ,"I want to be a partner in the business but pay me regardless of wha...
by kiddoc
Mon Apr 02, 2018 10:38 am
Forum: Personal Investments
Topic: Customer Service with Vanguard
Replies: 221
Views: 12188

Re: Customer Service with Vanguard

I'm glad for those folks who have not experienced these problems; I wish I could be part of that group. :beer My thoughts exactly. The non-profit status and Jack Bogle philosophy sound great. The low expense ratio and no sales pressure seem amazing. The people complaining on forums seem like isolat...
by kiddoc
Mon Apr 02, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 3423

Re: medical practice reimbursement issues

Does any one else think he may have an argument for mismanagement of the AR? I feel certain he has a claim for payments received by the practice but not allocated to him for his services. But wasn't sure he could hold them accountable for a failure to make reasonable efforts to collect in a timely ...
by kiddoc
Fri Mar 30, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 3423

Re: medical practice reimbursement issues

I left a private practice (partnership track) and became employed due to a similar situation. 2 possibilities: 1) Malicious intent: Practice wants to defraud him and keep the income. Would start by meeting the owner and discussing things. Take copies of documentation, dates, collection details, etc ...
by kiddoc
Sat Dec 30, 2017 10:16 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle’s 5 bold investment predictions for 2018 and beyond.
Replies: 39
Views: 8234

Re: Jack Bogle’s 5 bold investment predictions for 2018 and beyond.

CNBC being typically naive in terms of "predictions". Jack Bogle makes long term predictions based on actual earnings yield + speculative yield based on P/E ratios. He typically qualifies this as a long term prediction (decades) and says he could be wrong. This is not a 2018 prediction. This kind of...
by kiddoc
Sat Dec 30, 2017 9:50 pm
Forum: Personal Investments
Topic: Investing in Index funds
Replies: 5
Views: 1283

Re: Investing in Index funds

So I am new to mutual funds and I learnt that index funds are a good place to start. I looked into returns of few different index funds from Vanguard and it seems that there is not much difference in returns over a 10-year period for a midcap or large cap fund. Does it make sense to take more risk ...
by kiddoc
Sat Dec 30, 2017 9:41 pm
Forum: Personal Investments
Topic: tax efficiency Fidelity funds
Replies: 10
Views: 2012

Re: tax efficiency Fidelity funds

Utilizing Fidelity, I would recommend using their ETFs rather than mutual funds for tax efficiency. This will be true at least until Vanguard's patent on ETFs as a share class of the Mutual Fund expires in the 2020s. Then other companies can look at making mutual funds more tax efficient. From time ...
by kiddoc
Sat Dec 30, 2017 9:21 pm
Forum: Personal Investments
Topic: Time for my annual portfolio review
Replies: 4
Views: 772

Re: Time for my annual portfolio review

so you market time. Yes, I made it clear in the post above. I decided to market time with 10% of my portfolio. It helps me sleep at night. I am in good company when I say I am uneasy with the current valuations in the stock market. Our mentor, Jack Bogle, Bill Bernstein, Larry Swedroe have all expr...
by kiddoc
Sat Dec 30, 2017 5:37 pm
Forum: Personal Investments
Topic: Time for my annual portfolio review
Replies: 4
Views: 772

Re: Time for my annual portfolio review

So you moved 15% to FI. Is this permanent or what's your next move and why? The 5% move to bonds is permanent due to age. 10% move to cash is dependent on the stock market's CAPE ratio and will be dollar cost averaged back to stocks as valuations improve. I read all about CAPE's limitations and the...
by kiddoc
Sat Dec 30, 2017 5:29 pm
Forum: Personal Investments
Topic: which vanguard funds for roth IRA
Replies: 7
Views: 1983

Re: which vanguard funds for roth IRA

total bond. put it in your 401k leave the roth for total us or total intl. once per year is fine. +1 That is my strategy as well. High growth funds in Roth. Tax inefficient lower growth in tax deferred. What is your goal for the bond fund? I hold bonds to help re-balance and to cushion the blow of ...
by kiddoc
Sat Dec 30, 2017 5:18 pm
Forum: Personal Investments
Topic: Time for my annual portfolio review
Replies: 4
Views: 772

Time for my annual portfolio review

Every year, I post whatever happened to my portfolio here. This helps to keep me honest and usually provides me significant pearls. It also helps me own up to mistakes and stick to my IPS. Last year's post: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=206846&p=3171341#p3171341 This year, I m...
by kiddoc
Sun Sep 10, 2017 1:32 pm
Forum: Personal Investments
Topic: Do I-bonds (vs TIPS) make any long term sense in taxable space?
Replies: 9
Views: 1308

Re: Do I-bonds (vs TIPS) make any long term sense in taxable space?

#Cruncher wrote: When an I Bond matures one pays tax only on the gain, not on the total value.
:oops: I thought I was making some major error somewhere as I had read something between 3-4% as the break even point in the past. Thanks.
by kiddoc
Sun Sep 10, 2017 1:17 pm
Forum: Personal Investments
Topic: Do I-bonds (vs TIPS) make any long term sense in taxable space?
Replies: 9
Views: 1308

Re: Do I-bonds (vs TIPS) make any long term sense in taxable space?

iBonds work very well in an emergency fund after they're a year old. When cashed, they don't trigger state or local taxes and if your income works and you titled them correctly when buying, they can be used federal tax free for college costs. I've never considered tips so can't comment on compariso...
by kiddoc
Sun Sep 10, 2017 12:18 pm
Forum: Personal Investments
Topic: Do I-bonds (vs TIPS) make any long term sense in taxable space?
Replies: 9
Views: 1308

Do I-bonds (vs TIPS) make any long term sense in taxable space?

Edit- I made an error in I-bond calculations as pointed out by #cruncher below. Removing my I-bond calculations for now. Please refer to #cruncher's post below. Let's assume the decision to invest in inflation protected bonds makes sense from a financial situation standpoint and there is no space f...
by kiddoc
Tue Sep 05, 2017 7:13 pm
Forum: Investing - Theory, News & General
Topic: IBonds - now or wait? [November 2017 rate]
Replies: 40
Views: 7879

Re: IBonds - now or wait?

OP, sorry to deviate but what are you looking to accomplish with I-bonds? I used to buy I-bonds regularly for long term inflation protection. Recently, I have reconsidered. I am not sure I-bonds are a good long term proposition unless the fixed rate goes up substantially or inflation runs amok. I ra...
by kiddoc
Fri Jul 28, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Penn National for insurance?
Replies: 10
Views: 1371

Re: Penn National for insurance?

I would look at a more objective rating than just online reviews. Thank you so much for this. It made me think there must be more resources available. Further searches led me to PA insurance complaints tool and introduced me to something called "complaint index". That was helpful in my decision: wi...
by kiddoc
Fri Jul 28, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Penn National for insurance?
Replies: 10
Views: 1371

Re: Penn National for insurance?

Yelp reviews in their headquarter city, Harrisburg, PA, are not encouraging: 1 star average over 9 reviews, https://www.yelp.ca/biz/penn-national-insurance-harrisburg Exactly! That's what makes me nervous. However, by their very nature, online reviews trend towards overly negative. I have my issues...
by kiddoc
Fri Jul 28, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Penn National for insurance?
Replies: 10
Views: 1371

Penn National for insurance?

I had never heard of this company: Penn National. An independent agent sent me their quotes for auto, renter's and umbrella insurance which are better than the closest competitor (State Farm) by around $450/yr. I am seriously considering using them for my insurance needs. However, almost all reviews...