Search found 11 matches

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: 506

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: 506

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: 992

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: 2081

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: 2081

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: 2081

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: 2081

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: 936

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: 936

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: 838

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: 4940

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...