Search found 34 matches

by orthodoc
Fri Feb 12, 2021 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Profit sharing question
Replies: 24
Views: 1364

Re: Profit sharing question

I don't believe safe harbor contributions are subject to vesting. They should vest immediately. According to the IRS site.

https://www.irs.gov/retirement-plans/pl ... n-overview
by orthodoc
Wed Feb 10, 2021 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Options to cover remodeling expenses cash crunch
Replies: 14
Views: 1183

Re: Options to cover remodeling expenses cash crunch

We used a pledged asset line (PAL) from Schwab. Low interest only payments until we had cash available. Easy application if you have enough assets in taxable. Can't use retirement accounts as collateral. Not sure about other brokerages.
by orthodoc
Sun Feb 03, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: .
Replies: 17
Views: 1518

Re: Early Braces: Financial Strategy

As an orthodontist I obviously have a vested interest in the traditional treatment delivery system. I would definitely suggest you do you due diligence and visit a couple orthodontists for opinions. I am "conservative" with early tx and try to limit my cases to those that will result in &q...
by orthodoc
Fri Nov 09, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Harvesting 529 gains
Replies: 8
Views: 816

Re: Harvesting 529 gains

Yes, that is an additional benefit. You can then use that reinvestment to get a deduction on state tax, if applicable.
by orthodoc
Fri Nov 09, 2018 8:54 am
Forum: Investing - Theory, News & General
Topic: Harvesting 529 gains
Replies: 8
Views: 816

Re: Harvesting 529 gains

Thanks, that may be an even better idea. I'm not sure If I can own two with the same beneficiary under the same plan but will check that out. I could have my wife be the owner of the new 529s. Thats why I love this site, always learning!
by orthodoc
Thu Nov 08, 2018 6:45 pm
Forum: Investing - Theory, News & General
Topic: Harvesting 529 gains
Replies: 8
Views: 816

Re: Harvesting 529 gains

Yes, that is correct. It would be part gains and part contributions, but the increase the overall cost basis. I hadn't seen it discussed and thought I would see if anyone else was doing or considering this.
by orthodoc
Thu Nov 08, 2018 6:23 pm
Forum: Investing - Theory, News & General
Topic: Harvesting 529 gains
Replies: 8
Views: 816

Harvesting 529 gains

With the change in the tax law allowing use of a 529 for K-12, I have been contemplating withdrawing money out of my 529s for private school for our boys. We have been fortunate enough to have about half of the balances be gains from our initial investment. We don't actually plan on using the money ...
by orthodoc
Fri Mar 16, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: Which Day Hiking Trails Do You Recommend?
Replies: 44
Views: 4570

Re: Which Day Hiking Trails Do You Recommend?

Check out the AllTrails App. We used it on our last trip after it was suggested by a young waitress. It was a great tool for our Colorado trip.
by orthodoc
Wed Feb 07, 2018 2:58 pm
Forum: Personal Investments
Topic: 529, Am I being stupid by not being greedy?
Replies: 14
Views: 1337

Re: 529, Am I being stupid by not being greedy?

You might look at the Colorado Stable Value 529. It has a 2.29% rate. If your state law doesn't tax rollovers to another states 529. Likely much better than MM, worth a look.
by orthodoc
Sun Jan 28, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: BMW All Surface Protection Program
Replies: 14
Views: 3613

Re: BMW All Surface Protection Program

The only thing I would suggest is the tire/wheel package if you have low profile, run-flat tires. I would have been a lot of money ahead if I had purchased it. The car is long gone but the lesson I learned will stick with me. We have more than our share of potholes but even minor road issues caused ...
by orthodoc
Sat Jan 27, 2018 8:18 am
Forum: Personal Investments
Topic: Portfolio Review and Moving On
Replies: 3
Views: 817

Re: Portfolio Review and Moving On

Thanks for your reply. I saw the thread about lack of replies on portfolio questions shortly after I had posted mine. I have started the process of going it on my own. I was beginning to think I was a thread killer. Every time I replied it went dormant. I also started another regarding using our 529...
by orthodoc
Thu Jan 18, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fungibility of Money...Fixed Income in 529
Replies: 0
Views: 319

Fungibility of Money...Fixed Income in 529

I have been contemplating my path forward on 529 investing. I have been considering using the Colorado Stable Value fund to park my current 529 assets. I have 3 children that are 6-10 yrs away from college. I have $450k in them currently invested 80/20. I believe they are adequately funded and with ...
by orthodoc
Mon Jan 08, 2018 5:36 pm
Forum: Personal Investments
Topic: 529 asset allocation
Replies: 14
Views: 1377

Re: 529 asset allocation

Definitely conservative. I wouldn't withdraw more than my yearly contribution so it will get me the 1k deduction and an additional $300-400 tax free interest. I can then take a little more risk outside the 529 in accounts earmarked for the boys.
by orthodoc
Mon Jan 08, 2018 4:50 pm
Forum: Personal Investments
Topic: 529 asset allocation
Replies: 14
Views: 1377

Re: 529 asset allocation

Not trying to hijack the thread but, I have been contemplating this myself. I have 3 children (2nd, 6th and 7th grades) and they all attend private elementary schools. I have been saving in a 529 for college and have around $450k. I consider them funded for state school and was about to stop saving...
by orthodoc
Sun Jan 07, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 15383

Re: How much are you putting in a 529?

I have 3 children (2nd, 6th and 7th grades) and they all attend private elementary schools. I have been saving in a 529 for college and have around $450k. I consider them funded for state school and was about to stop saving. Now that they have added the ability to use them for private schooling I am...
by orthodoc
Thu Jan 04, 2018 5:18 pm
Forum: Personal Investments
Topic: 529 asset allocation
Replies: 14
Views: 1377

Re: 529 asset allocation

Not trying to hijack the thread but, I have been contemplating this myself. I have 3 children (2nd, 6th and 7th grades) and they all attend private elementary schools. I have been saving in a 529 for college and have around $450k. I consider them funded for state school and was about to stop saving....
by orthodoc
Mon Jan 01, 2018 12:33 pm
Forum: Personal Investments
Topic: Portfolio Review and Moving On
Replies: 3
Views: 817

Portfolio Review and Moving On

I have been a member since 2008 and frequent reader but rare poster. I have been with a FA with access DFA and prefer to slice/dice. I have been happy with our performance but hate to be paying the AUM fees approx. 0.7% on accounts outside of the 401k/PSP/CBP. I think I have convinced my DW that we ...
by orthodoc
Tue Feb 02, 2016 7:52 pm
Forum: Personal Investments
Topic: Cash Balance vs. Taxable
Replies: 19
Views: 2135

Re: Cash Balance vs. Taxable

I am currently setting up a CB plan for my office. We are able to defer closer to 100k a year, increasing as we age and are pairing it with a current PSP and 401k. Our tax rate is identical to yours and you have to consider the 1.8% Medicare surtax. The return is gauranteed by the plan and the inves...
by orthodoc
Mon Dec 28, 2015 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corporation Taxation
Replies: 13
Views: 1200

Re: S-Corporation Taxation

I agree he would have a tough time justifying the 500k but he would save 3.8% on his distributions, whatever they may be.
by orthodoc
Mon Dec 28, 2015 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corporation Taxation
Replies: 13
Views: 1200

Re: S-Corporation Taxation

I believe you save 3.8% total. 2.9%Medicare plus .9% Medicare surtax.
by orthodoc
Sat Feb 14, 2015 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Vision and Dental Insurance Question
Replies: 28
Views: 2880

Re: Vision and Dental Insurance Question

Not sure about vision but dental is generally prepaid consumption. You will find it's almost only a good deal if your employer is subsidizing it, so unless you have an unusual amount of needed treatment the insurance isn't a good deal. Most dentists will give a 5-10% discount for cash pay. We had a ...
by orthodoc
Fri Jan 24, 2014 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Pledged Asset Line (PAL) for home purchase
Replies: 4
Views: 1687

Re: Pledged Asset Line (PAL) for home purchase

Maybe I can't see the forest for the trees but... Get a Equity Loan on House 1, buy House 2, sell House 1, Payoff Equity Loan on House 1, All done. I have been "retired" and have been offered mortgages several times (never used one other than a HELOC in the past 25 years or so). Agreed. T...
by orthodoc
Wed Mar 13, 2013 8:39 pm
Forum: Personal Consumer Issues
Topic: Maximizing a Stay at the Ritz
Replies: 29
Views: 3677

Re: Maximizing a Stay at the Ritz

If it is a special occasion, let them know. We have been greeted with a nice bottle of champagne and chocolate covered strawberries.
by orthodoc
Thu Mar 07, 2013 6:38 pm
Forum: Personal Investments
Topic: Well compensated, not so knowledgeable Dr.=Beginner
Replies: 107
Views: 11894

Re: Well compensated, not so knowledgeable Dr.=Beginner

Y Opening up the 401K was recommended as we could take full advantage of profit sharing. We did and nested 200K for two years as we did not have eligible employees at the time. Now our employees are eligible and we are not so sure we want to do profit sharing as it would cost us a good deal. My tax...
by orthodoc
Thu May 03, 2012 4:39 pm
Forum: Personal Consumer Issues
Topic: Golf Simulators
Replies: 5
Views: 638

Re: Golf Simulators

I did use the Prestige but I am looking at the Professional. The individual who has the dealership in our area has one set up in his garage. The two are very similar and the difference seem to be more in the actual computer IE touch screen, the software and sensors are the same. He actually said he ...
by orthodoc
Thu May 03, 2012 1:10 pm
Forum: Personal Consumer Issues
Topic: Golf Simulators
Replies: 5
Views: 638

Re: Golf Simulators

Try www.trugolf.com

I am too in the market for my basement finish and looked at them recently. Very nice for the budget you are talking about.
by orthodoc
Sat Mar 10, 2012 10:04 pm
Forum: Personal Investments
Topic: 529 plans in multiple states
Replies: 10
Views: 782

Re: 529 plans in multiple states

Missouri Most 529 is starting a match for those residents that qualify. This is on top of state tax deduction. Unfortunately or I guess fortunately I don't qualify due to income levels.
by orthodoc
Fri Mar 02, 2012 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Are orthodontics (invisalign) prices negotiable?
Replies: 13
Views: 8642

Re: Are orthodontics (invisalign) prices negotiable?

The price seems high, depending on the area. If it involves an extraction definitely seek a second opinion to see if you can achieve your desired result with aligners. Definitely be sure you are seeing an orthodontist. We do not negotiate fees, we don't want to use the "car sales model" th...
by orthodoc
Wed Feb 08, 2012 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Adding a cash balance plan
Replies: 3
Views: 762

Re: Adding a cash balance plan

I am very interested in hearing if anyone has any experience with this type of plan. We too are considering it for our partnership. We currently have a safe harbor 401k and PSP that contributes around 9% to our staff, I am curious if those contributions would count toward or could be diverted to the...
by orthodoc
Mon Feb 02, 2009 9:31 am
Forum: Personal Consumer Issues
Topic: What happened to College costs?
Replies: 121
Views: 17323

Just doing a little morning reading and SMSU shows up in the conversation. Now Missouri State, changed a few years back. The costs quoted seemed a bit high. I graduated from there in 95. I pulled up the website and checked costs. In state with room, board and books is $12000. So 4 years around $5000...
by orthodoc
Sun Nov 09, 2008 3:04 pm
Forum: Personal Investments
Topic: Help me design the perfect 401k for my business.
Replies: 22
Views: 4372

Hello all. I have been away from my computer for a couple of days. It is funny the discussion has gone the way of the DFA question. I have been exploring an option that would include access to the funds. I have been in conversations with Buckingham Asset Managment about what they could do for us. I ...
by orthodoc
Thu Nov 06, 2008 4:16 pm
Forum: Personal Investments
Topic: Help me design the perfect 401k for my business.
Replies: 22
Views: 4372

Thank you retiredjg and Laura for your input. I had hoped to hear from you. I have been very impressed with your knowledge and willingness to help those of us who are starting down a new path. I plan to post my personal information to ask for help on implementing my plan at a later date. I do have a...
by orthodoc
Thu Nov 06, 2008 8:29 am
Forum: Personal Investments
Topic: Help me design the perfect 401k for my business.
Replies: 22
Views: 4372

Thanks

Thanks for the response Easy rhino. We have had this plan in place as a PSP/401k with safe harbor for several years and changing the direction of management. I have seen the light of passive investing and want to bring that to my plan. We do currently offer a 9% profitsharing with no required partic...
by orthodoc
Wed Nov 05, 2008 11:41 pm
Forum: Personal Investments
Topic: Help me design the perfect 401k for my business.
Replies: 22
Views: 4372

Help me design the perfect 401k for my business.

Hello, this is my first post to the board. I found this site about a year ago and have been a frequent visitor. I have been researching and reading the suggested books. This is a very informative and helpful site. I am a business owner that currently has a profit sharing/ 401K plan that is in pooled...