Search found 30 matches

by CriticalCareJunkie
Tue Apr 24, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 3327

Fun Money

I’ve been relatively naive to finances until the past year or so. Essentially, I’ve been putting off learning about finances through undergrad/med school/medical training until now as I’m about to graduate. I’ve read many investing books which started with the white coat investor which led to Bogle,...
by CriticalCareJunkie
Fri Apr 20, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Online Banking Question
Replies: 9
Views: 711

Online Banking Question

I have used USAA exclusively as my bank and provider of insurance for the past 5 years. I currently have a checking and savings account, credit card, renters, car and umbrella insurance policy - all through USAA. I'm now finishing medical training and will be saving aggressively for a home downpayme...
by CriticalCareJunkie
Wed Apr 11, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Help me choose a top law school!
Replies: 65
Views: 6581

Re: Help me choose a top law school!

So I’m a doctor, not a lawyer, but I come from a family of lawyers. If I were in your shoes, I would go to the best school that leaves me with no debt. I cannot say this strongly enough. If you fall in love with something in law where you don’t get paid extremely well, you’re choosing to give that u...
by CriticalCareJunkie
Tue Apr 03, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Loan vs. Current Credit Card vs. New Credit Card
Replies: 9
Views: 1361

Re: Personal Loan vs. Current Credit Card vs. New Credit Card

Discover it... First year promo... 0apr for atleast a year... 2% cash back on everything for the first year 10% cash back on quarterly spending categories for the first year Note that the card is actually 1%cb on everything and 5% on rotating quarterly categories... But the promo is they match all ...
by CriticalCareJunkie
Sat Mar 31, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Loan vs. Current Credit Card vs. New Credit Card
Replies: 9
Views: 1361

Re: Personal Loan vs. Current Credit Card vs. New Credit Card

Since it sounds like you can pay it off within one billing cycle, get a new credit card with a good signup bonus worth at least $500. Now you are earning at least 10%, possibly much more depending which card(s) you get. It is also good for your credit rating to have more than one credit card (assum...
by CriticalCareJunkie
Sat Mar 31, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Personal Loan vs. Current Credit Card vs. New Credit Card
Replies: 9
Views: 1361

Personal Loan vs. Current Credit Card vs. New Credit Card

Thanks to all in the forum. I will be graduating from medical training in June and my wife and I are planning on taking a little time off - which we budgeted for. Due to a variety of reasons (paying more in rent than expected; getting invited to an out-of-state family wedding; getting my first paych...
by CriticalCareJunkie
Mon Mar 26, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: St. Augustine long weekend...rental car needed?
Replies: 11
Views: 1324

Re: St. Augustine long weekend...rental car needed?

gundlached wrote:
Mon Mar 26, 2018 7:53 pm
Stay at the Casa Monica. Nay to rental car.
Casa Monica is great. Hilton Bayfront is also quite nice.
by CriticalCareJunkie
Mon Mar 26, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: St. Augustine long weekend...rental car needed?
Replies: 11
Views: 1324

Re: St. Augustine long weekend...rental car needed?

From North FL. Several family members went to school in St. Aug and I’ve spent a lot of time there. St. Aug is a small town. If you are happy just doing the historic area, no car is needed and parking can be tough. That being said, if you are flying in, I would probably get a car to get to and from ...
by CriticalCareJunkie
Sun Mar 25, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Critique My Financial Plan
Replies: 17
Views: 1483

Re: Critique My Financial Plan

My understanding is that somewhere in the neighborhood of 10-20% international exposure is advisable to diversify. Are you advising more or less international exposure? I wouldn't be happy with less than 30% international exposure. Diversification does its work best when it's a larger part of the p...
by CriticalCareJunkie
Sun Mar 25, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Critique My Financial Plan
Replies: 17
Views: 1483

Re: Critique My Financial Plan

The only criticism I have is that 600-750k on a home is a lot more than I'd want to spend on 250k, especially single earner (though a physician is certainly a stable position). Most Bogleheads will tell you no more than 2x gross salary should be spent on housing and I agree. Don't forget property t...
by CriticalCareJunkie
Sun Mar 25, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Critique My Financial Plan
Replies: 17
Views: 1483

Re: Critique My Financial Plan

Are there any lower-cost options in the 403b / 457b? Why 10% international? What if ex-US substantially outperformed (10%+ more return) the US for the last three years? (Similar to 1985-1989, or 2003-2008.) No lower cost funds. It’s essentially tiaa-credit funds, a couple American funds, and t Rowe...
by CriticalCareJunkie
Sun Mar 25, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Critique My Financial Plan
Replies: 17
Views: 1483

Re: Critique My Financial Plan

Umbrella is cheap insurance, in today's litigious society where they can go after wages, I'd seriously consider upping that coverage to $2M. As was told to me by insurance broker and after consultation with an independent bankruptcy attorney, essentially everything you own is on the table in the ev...
by CriticalCareJunkie
Sun Mar 25, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Critique My Financial Plan
Replies: 17
Views: 1483

Re: Critique My Financial Plan

Umbrella is cheap insurance, in today's litigious society where they can go after wages, I'd seriously consider upping that coverage to $2M. As was told to me by insurance broker and after consultation with an independent bankruptcy attorney, essentially everything you own is on the table in the ev...
by CriticalCareJunkie
Sun Mar 25, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Critique My Financial Plan
Replies: 17
Views: 1483

Re: Critique My Financial Plan

Umbrella insurance doesn't seem necessary when you are just starting to invest and you don't have a lot of assets to protect but I suppose you are in a profession that gets sued a lot, so it's not a bad idea. If spouse ever picks up some work on the side, solo 401k would be a good vehicle for her t...
by CriticalCareJunkie
Sun Mar 25, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about capitulating on house
Replies: 34
Views: 4661

Re: Thinking about capitulating on house

Do you like your house?

What is your social situation?

If you’re single and like your house, probably with staying because with a spouse and children that space will get much smaller quick.
by CriticalCareJunkie
Sun Mar 25, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Critique My Financial Plan
Replies: 17
Views: 1483

Critique My Financial Plan

Hello all, I would love your input on my financial plans. I have learned a great deal from this blog and thank you in advance for your responses! I'm a physician in my early 30s who will be completing training in a few months. I'm married with one small child. We have no debt and my wife and I both ...
by CriticalCareJunkie
Thu Mar 22, 2018 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Source
Replies: 5
Views: 546

Re: HSA Source

Thanks! So I can do as follows (roughly) 10k total from B: 600 required pension 500 403b to obtain 5% match 4800 health, vision, dental insurance premiums 4100 into pretax HSA Then, I can put $2,750 post-tax into an HSA account not affiliated with my employer from paycheck A, then claim 6850 on my ...
by CriticalCareJunkie
Thu Mar 22, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: HSA Source
Replies: 5
Views: 546

Re: HSA Source

It sounds like you can only make pre-tax pre-FICA HSA contributions from B. If are unable to contribute the maximum family contribution* by payroll deduction at B, you can do so by direct payment or direct deposit from A. This will come from net pay after-tax and after-FICA. * The 2018 HSA maximum ...
by CriticalCareJunkie
Thu Mar 22, 2018 7:10 am
Forum: Investing - Help with Personal Investments
Topic: HSA Source
Replies: 5
Views: 546

HSA Source

My soon to be employer has a bizarre salary set up for a variety of reasons which includes pay from two subsets, call them A and B. I get the vast majority of my salary from A and 10k/y from B. Both have 403bs and 457s. Only B has an HSA eligible plan. Also, B matches 5% 403b while A has an individu...
by CriticalCareJunkie
Sat Feb 17, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: More than income into retirement + AA question
Replies: 3
Views: 604

Re: More than income into retirement + AA question

I have two questions: 1) I am a physician graduating training this year and have a fairly unique employment arrangement. I will have a joint appointment at a university and the hospital with the vast majority of my income coming from the hospital (>95%) and a much smaller amount coming from the uni...
by CriticalCareJunkie
Sat Feb 17, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: More than income into retirement + AA question
Replies: 3
Views: 604

More than income into retirement + AA question

I have two questions: 1) I am a physician graduating training this year and have a fairly unique employment arrangement. I will have a joint appointment at a university and the hospital with the vast majority of my income coming from the hospital (>95%) and a much smaller amount coming from the univ...
by CriticalCareJunkie
Mon Feb 05, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: 3rd Shifters, Seeking Advice.
Replies: 11
Views: 1134

Re: 3rd Shifters, Seeking Advice.

There is reason full-time ER docs only work 3-4 days per week. Working nights is brutal. Working 5 nights a week is crazy.
by CriticalCareJunkie
Sat Feb 03, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Is an ARM always a bad idea?
Replies: 22
Views: 2652

Re: Is an ARM always a bad idea?

I went for a 10 year arm and although I originally planned to pay it off - I piled money into the stock market instead. Both worked out great. I don’t plan on owning the house 10 years but it was an investment (not primary residence) and captured the gentrification appreciation I was looking for. I...
by CriticalCareJunkie
Sat Feb 03, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Is an ARM always a bad idea?
Replies: 22
Views: 2652

Re: Is an ARM always a bad idea?

ARMs are exactly the correct thing to use if you don't expect to be in the home for 30 years (and most people aren't). Often phrased as "don't buy interest rate protection you don't need". A 30 yr has a higher rate because the lender is taking on more term risk than in a shorter term ARM. That said...
by CriticalCareJunkie
Wed Jan 31, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Is an ARM always a bad idea?
Replies: 22
Views: 2652

Re: Is an ARM always a bad idea?

The single best piece of advice, and the single best financial move we made in our lives by far , was our decision circa 1976 to buy our house with a fixed-rate 20%-down mortgage instead of a (then-new) floating-rate 10%-down mortgage, even though the floating rate was 1/2% lower. We were dithering...
by CriticalCareJunkie
Tue Jan 30, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is an ARM always a bad idea?
Replies: 22
Views: 2652

Is an ARM always a bad idea?

I’m a graduating physician planning on buying a home upon completing training using a physician loan. I know the area as I have lived there previously and am fairly confident that I will be there for a long time. Plus, the rental market is surprisingly tight there. Regardless, I’ve looked at a lot o...
by CriticalCareJunkie
Tue Aug 22, 2017 8:05 am
Forum: Investing - Help with Personal Investments
Topic: 457 vs. HSA vs. Backdoor Roth
Replies: 6
Views: 1195

Re: 457 vs. HSA vs. Backdoor Roth

Invest in the HSA in preference to anything else (except an employer plan with a match). 403(b)/457 contributions are deductible when made, but withdrawals are taxed. Roth contributions are not deductible, but withdrawals in retirement are tax-free. HSAs get the best of both worlds: contributions a...
by CriticalCareJunkie
Mon Aug 21, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: 457 vs. HSA vs. Backdoor Roth
Replies: 6
Views: 1195

457 vs. HSA vs. Backdoor Roth

One of the jobs I am looking at has an extensive list of retirement options. In addition to a required pension at 6%, there is a 403b, a 457, then I'd also have the option of an HSA (I believe) and either a Roth or backdoor Roth. I'm a physician just starting finishing training (30y/o). My wife and ...
by CriticalCareJunkie
Wed Jul 19, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 vs. W2 for MD
Replies: 6
Views: 1072

1099 vs. W2 for MD

I'm about 11 months from graduating fellowship. I'm looking at a few jobs. I know the big picture difference between W2 and 1099 (i.e. self-employment tax, providing your own benefits, individual 401k). I was curious if anyone could give me some advice regarding the specifics and how much difference...
by CriticalCareJunkie
Sun Apr 17, 2016 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Medical School preparation Pointers for a Sophomore Student
Replies: 48
Views: 5683

Re: Medical School preparation Pointers for a Sophomore Student

So there's a whole lot to know here. I'm finishing up residency, about to start fellowship. She needs to understand what she is getting herself into. She's about to work harder than any of her colleagues for the next 10-15 years through training, then continuing to work hard for the rest of her life...