Search found 48 matches

by kjdbonez
Fri Feb 02, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: College student co-op, pre-med
Replies: 39
Views: 1707

Re: College student co-op, pre-med

Applying to medical school is very expensive. FIgure out the cost of MCAT prep course (a good one), MCAT, application fees, transcript fees, and then budget money for travel/lodging for interviews. You may not have any choice of interview dates, so even if you're applying to medical schools in the ...
by kjdbonez
Fri Feb 02, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: College student co-op, pre-med
Replies: 39
Views: 1707

Re: College student co-op, pre-med

Becoming a surgeon is my main aspiration; the entrepreneurial aspect will most likely come many years after I start working when I have accumulated enough wealth to invest it in something other than retirement. All I meant was to say that I want to do something other than retire with my money. But ...
by kjdbonez
Sat Jan 06, 2018 9:01 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth: How Long To Wait For Conversion?
Replies: 58
Views: 15760

Re: Backdoor Roth: How Long To Wait For Conversion?

Not wanting to hijack this thread about Mega Backdoor Roth issues, but... Does this change if conversion fees are involved? Fidelity is charging $15 for after-tax 401K conversion to RothIRA. So $390 in fees if doing immediately for bi-monthly paycheck, but half for each double delay (12 months - $1...
by kjdbonez
Sat Jan 06, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth: How Long To Wait For Conversion?
Replies: 58
Views: 15760

Re: Backdoor Roth: How Long To Wait For Conversion?

DrGoogle2017 wrote:
Sat Jan 06, 2018 12:25 am
You can do it right away, but call Vanguard.
Why do you call vanguard as opposed to just doing it on their website?
by kjdbonez
Fri Jan 05, 2018 7:57 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth: How Long To Wait For Conversion?
Replies: 58
Views: 15760

Re: Backdoor Roth: How Long To Wait For Conversion?

Just out of curiosity.. I did a backdoor Roth IRA with Vanguard in the beginning of 2017 and put money in the Vanguard Federal Money Market Fund in a Traditional IRA and then converted the next day to my Roth IRA. Looking back at the transaction history as I read through this thread, upon conversion...
by kjdbonez
Tue Jan 02, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Excise tax for excess HSA Contribution
Replies: 6
Views: 407

Re: Excise tax for excess HSA Contribution

I over contributed by $375 somehow and I was able to fill out a form in Optum's website to correct the mistake and they sent me a check for the difference.
by kjdbonez
Wed Dec 20, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: when to file taxes?
Replies: 10
Views: 1182

Re: when to file taxes?

I don't owe the IRS and do anticipate a refund :confused I'll just file as soon as I have all of my paperwork.
by kjdbonez
Wed Dec 20, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: when to file taxes?
Replies: 10
Views: 1182

Re: when to file taxes?

Once you have your W-2 info, you can probably file when IRS is ready to receive them, since you may have a fairly simple return. Banks usually have year end amounts on their end of year statements, etc. I guess it depends on whether you need the info on 1099s. If something changes you can submit a ...
by kjdbonez
Wed Dec 20, 2017 7:03 am
Forum: Personal Finance (Not Investing)
Topic: when to file taxes?
Replies: 10
Views: 1182

Re: when to file taxes?

I recommend that you file in October each year. Just get an extension by April and you are good to go. I would say a fraudulent tax return is not my problem. It is the IRS's problem. I do many things that people consider dangerous: I drive. I own a dog. I walk across the street. I eat raw food. I c...
by kjdbonez
Tue Dec 19, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: when to file taxes?
Replies: 10
Views: 1182

when to file taxes?

My personal information "may have been compromised" in the Equifax hack. I froze my credit with the major bureaus right away but from what I understand there may be a risk of someone using my information to file a fraudulent tax refund under my SSN. I may be overly paranoid about it, but I'd prefer ...
by kjdbonez
Tue Nov 14, 2017 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: First "real" job with 401(k), HSA and higher income. Any advice?
Replies: 19
Views: 2202

Re: First "real" job with 401(k), HSA and higher income. Any advice?

Cant speak to the allocation but- Fellow doctor here and want to point out a few things I really think focusing on the basics is the most important thing. 1. Live like a resident. As wci says repeatedly and mark cuban says too now. The cheaper you live these first few years the farther your money g...
by kjdbonez
Tue Nov 14, 2017 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: First "real" job with 401(k), HSA and higher income. Any advice?
Replies: 19
Views: 2202

Re: First "real" job with 401(k), HSA and higher income. Any advice?

The only reason why I would hold similar AA in each account is for simplicity. i.e. predetermined percentages of each biweekly paycheck to the funds to match my AA. I'd put $5500 in backdoor Roth at beginning of the year to match my AA as well. Then automatically re-balance each account annually. I ...
by kjdbonez
Tue Nov 14, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: First "real" job with 401(k), HSA and higher income. Any advice?
Replies: 19
Views: 2202

Re: First "real" job with 401(k), HSA and higher income. Any advice?

Which fund available in the HSA options above do you guys think would be best for international equity exposure?
by kjdbonez
Sun Nov 12, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: First "real" job with 401(k), HSA and higher income. Any advice?
Replies: 19
Views: 2202

Re: First "real" job with 401(k), HSA and higher income. Any advice?

Thanks for all the replies so far. I have been following WhiteCoatInvestor's website for a while now and have been researching disability policy options. I should qualify for own occupation options initially as a "new in practice" physician, so I'm planning to get one early 2018 when cash flows are ...
by kjdbonez
Sat Nov 11, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: First "real" job with 401(k), HSA and higher income. Any advice?
Replies: 19
Views: 2202

First "real" job with 401(k), HSA and higher income. Any advice?

Emergency fund : ~4 months all expenses Debt : Only student debt, but significant… $255k at 3.45% variable and $35k at 3.5% fixed Tax Filing Status : Single Tax Rate : 28% Federal, 9.85% state State of Residence : MN Age : 35 Income : I just finished training in a surgical subspecialty, so income i...
by kjdbonez
Fri Sep 15, 2017 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 61273

Re: Equifax customer information leak

I want to do a credit freeze, but I just applied for student loan refinancing and I'm waiting on a final rate offer from one of the two lenders. Obviously closing on one of these loans will initiate a new account on my credit file, but both lenders have already done a credit pull for underwriting. A...
by kjdbonez
Wed Sep 13, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 61273

Re: Equifax customer information leak

Two questions: 1) If you freeze your credit, does "credit monitoring" actually benefit you any further? I assume that any sort of credit monitoring software works similar to CreditKarma - these programs won't work if you have your credit frozen with the Big 3. So maybe an ID theft protection would b...
by kjdbonez
Sun Sep 10, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 61273

Re: Equifax customer information leak

Check your credit report that those two bureaus using annualcreditreport.com. No sense speculating about it when checking the reports will resolve the matter. I just pulled reports from the two credit bureaus and there are no new accounts or inquiries. The only difference in my credit, which is the...
by kjdbonez
Sat Sep 09, 2017 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 61273

Re: Equifax customer information leak

If your credit cards had slightly higher statement balances in the last month or two than you typically have on your statements, this would lower your score a bit. I generally have a revolving CC utilization that is anywhere from 5-10% of my total available balance but it always gets paid off in fu...
by kjdbonez
Sat Sep 09, 2017 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 61273

Re: Equifax customer information leak

After reading this post i went on creditkarma just to check everything. I have no new inquiries and no new accounts, but my credit score with the two bureaus listed dropped 32 and 35 points... The only thing I have done recently is ask for several prequalification quotes for student loan refinance. ...
by kjdbonez
Sun Sep 03, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 4506

Re: How to buy raw (unimproved) land?

I've literally just done what you've done. I purchased a 43 acre piece of property in the middle of nowhere, so to speak, and it was a challenge to find a bank to finance it. First thing is, don't think you'll get house-mortgage rates, you most likely will pay higher interest rates. Secondly, find ...
by kjdbonez
Sun Sep 03, 2017 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 4506

Re: How to buy raw (unimproved) land?

Find a land specialist investor. I've done this. I used a company that is now part of Compeer Financial. I got a 20 year with 10% down for like 2.75%. There are options out there. Your local place is likely not great at it. BTW, my experience with Compeer has been EXCELLENT This is the information ...
by kjdbonez
Sun Sep 03, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 4506

Re: How to buy raw (unimproved) land?

Borrowing money for recreational use is not a Boglehead thing to do, I understand that - I'm not looking as it as an investment. The only reason I asked on this forum is because I assumed there would be someone who has gone through the process of financing raw land and other aspects that go along w...
by kjdbonez
Fri Sep 01, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 4506

Re: How to buy raw (unimproved) land?

I am wondering if there is anyone who can comment on experiences financing raw, unimproved land without immediate/planned development? Thinking about doing something similar to you in the far future. Small cabin, generator power, water driven in or filtered from rain, 50 gallon barrel septic...tota...
by kjdbonez
Thu Aug 31, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 4506

Re: How to buy raw (unimproved) land?

I own about 40 acres of raw timberland in Vermont. A few thoughts: * Septic is a big deal, at least in Vermont. Know your laws. Consider making an offer contingent on septic capacity. I had my land perc tested before I bought it. Also, be aware of different types of septic systems. My land perc'ed ...
by kjdbonez
Thu Aug 31, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 4506

Re: How to buy raw (unimproved) land?

I have done this several times in West Virginia and we have gone through Farm Credit of Virginias. They specialized in farm, equipment, rural/raw land loans, etc. The terms usually vary between 15 - 20 yr and the interest rates are a bit higher than a regular 'mortgage' but that's because its raw l...
by kjdbonez
Thu Aug 31, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 4506

Re: How to buy raw (unimproved) land?

pshonore wrote:
Thu Aug 31, 2017 9:15 am
One other fact, interest paid on a "raw land" mortgage is not deductible for tax purposes until you start construction for a personal residence.
Good to know.
by kjdbonez
Thu Aug 31, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 4506

Re: How to buy raw (unimproved) land?

I am wondering if there is anyone who can comment on experiences financing raw, unimproved land without immediate/planned development? I realize that the ideal situation would be to pay cash for it. I unfortunately don't have cash to buy it outright otherwise I would do that for sure. There is prob...
by kjdbonez
Thu Aug 31, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 4506

Re: How to buy raw (unimproved) land?

I didn't see any mention of who the current owner is, but is there any chance of seller finance? How did you find the property? Is it currently on the market? If so, there may be a broker involved from the seller side that might give advice to expedite the sale I also didn't see mention of whether ...
by kjdbonez
Wed Aug 30, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 4506

How to buy raw (unimproved) land?

I am interested in purchasing some land "up north". The land has no structures and at this point is considered - access by boat only - although there is a logging trail off a maintained road that crosses state land and goes all the way to the property and there is the possibility of an easement from...
by kjdbonez
Mon Feb 27, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Documents for Roth IRA - Vanguard
Replies: 6
Views: 733

Re: Tax Documents for Roth IRA - Vanguard

If one only has a single brokerage account, the Roth IRA with Vanguard for instance, is there any reason to file for an extension? Assuming you make no withdrawals, even if they re-classify assets in your Roth or something like that it shouldn't make any difference for taxes right? I started a Roth ...
by kjdbonez
Fri Jan 06, 2017 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA with Vanguard
Replies: 4
Views: 1060

Re: Backdoor Roth IRA with Vanguard

Thanks for the replies. I ended up doing the "convert" option. I have one follow-up question that maybe someone can help me with. I currently have my Roth funds in a target date 2050 fund, but with the new conversion money I have enough total in the account for admiral shares of the total stock mark...
by kjdbonez
Thu Jan 05, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA with Vanguard
Replies: 4
Views: 1060

Backdoor Roth IRA with Vanguard

I have a Roth IRA with Vanguard and in 2017 I'll be unable to directly contribute to it so I've opened a traditional IRA with Vanguard as well and $5500 from my bank has now been transferred into the tIRA and is sitting in the federal money market fund. Do I use the "Convert to Roth IRA" option or "...
by kjdbonez
Sat Dec 24, 2016 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Auto loan through PenFed. They require a VIN number?
Replies: 35
Views: 10853

Re: Auto loan through PenFed. They require a VIN number?

Look into Lightstream. After approval, they transfer the proceeds to your bank account. They don't make you pick out the car before you get the loan or hassle you about other details. so they give you a loan on a non-existent vehicle with absolutely no collateral, a vehicle that may or may not have...
by kjdbonez
Sat Dec 24, 2016 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Auto loan through PenFed. They require a VIN number?
Replies: 35
Views: 10853

Re: Auto loan through PenFed. They require a VIN number?

Look into Lightstream. After approval, they transfer the proceeds to your bank account. They don't make you pick out the car before you get the loan or hassle you about other details. so they give you a loan on a non-existent vehicle with absolutely no collateral, a vehicle that may or may not have...
by kjdbonez
Wed Nov 09, 2016 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth questions
Replies: 5
Views: 581

Re: Backdoor Roth questions

Do you have access to a 401k, 403b, etc... that would bring down your MAGI so you don' have to bother with the backdoor? Not in my current job because it is just a 1-year contract without any plans through my employer. I'm looking for something permanent for next year and would then have substantia...
by kjdbonez
Wed Nov 09, 2016 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth questions
Replies: 5
Views: 581

Re: Backdoor Roth questions

I've heard that "if you anticipate being in a higher tax bracket during retirement then stick with the traditional IRA." I think you have this backwards - if you expect to be in a higher tax bracket during retirement, paying taxes now on a Roth contribution at the lower rate is likely to be better ...
by kjdbonez
Wed Nov 09, 2016 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth questions
Replies: 5
Views: 581

Backdoor Roth questions

I currently have a Roth IRA and no other IRAs. In 2017 my income will be above the $118k limit for contributing directly to my Roth but will be less than I anticipate making in the years immediately following. I'm trying to decide if I should do a backdoor Roth conversion next year. When people disc...
by kjdbonez
Thu Oct 13, 2016 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Spine injury - How can I get health insurance?
Replies: 37
Views: 4973

Re: Spine injury - How can I get health insurance?

Most importantly you should be asking yourself what treatment you hope to achieve. A healed compression fracture from a year ago is likely only going to benefit "symptomatic treatment" of your pain, unless you have some significant residual spinal deformity. You'll always be able to find a spine sur...
by kjdbonez
Tue Sep 13, 2016 10:39 am
Forum: Investing - Help with Personal Investments
Topic: What to put in Roth IRA? New to investing in mid-30s
Replies: 10
Views: 1449

Re: What to put in Roth IRA? New to investing in mid-30s

I decided to just put all $5500 in the Target Retirement Fund (90/10) for now. Being new to this I didn't realize how easy it is to exchange funds later on, so once I have some more substantial money put into my Roth (and portfolio in general) I'll probably shift things around in the Roth for tax e...
by kjdbonez
Tue Sep 13, 2016 9:53 am
Forum: Investing - Help with Personal Investments
Topic: What to put in Roth IRA? New to investing in mid-30s
Replies: 10
Views: 1449

Re: What to put in Roth IRA? New to investing in mid-30s

I decided to just put all $5500 in the Target Retirement Fund (90/10) for now. Being new to this I didn't realize how easy it is to exchange funds later on, so once I have some more substantial money put into my Roth (and portfolio in general) I'll probably shift things around in the Roth for tax ef...
by kjdbonez
Mon Sep 12, 2016 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: What to put in Roth IRA? New to investing in mid-30s
Replies: 10
Views: 1449

Re: What to put in Roth IRA? New to investing in mid-30s

What do you think about putting at least the minimum $3000 in Vanguard REIT Index Funds Investor Shares with plans of growing that amount to $10k over the next 2-3 years to take advantage of the Admiral Shares at lower expense ratio? If I chose to put all in REIT right now obviously that wouldn't be...
by kjdbonez
Wed Sep 07, 2016 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: What to put in Roth IRA? New to investing in mid-30s
Replies: 10
Views: 1449

What to put in Roth IRA? New to investing in mid-30s

Emergency Funds: Currently have savings that would cover about 1 year of all my expenses ($38k), but I may be moving for work and/or buying a house in about a year so I plan on using some of that for moving and down payment on house. Debt (HUGE): $277k in federal student loans. ~$240 is from medical...
by kjdbonez
Sat Aug 27, 2016 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest ANYTHING right now?
Replies: 27
Views: 4016

Re: Should I invest ANYTHING right now?

Orthopaedic spine surgeon in the midwest. Midwest tends to have higher incomes than elsewhere for orthopaedic surgeons in the US, and spine surgeons are probably the highest paid orthopaedic subspecialists. The $750k figure is certainly subject to reporting bias, because the surveys those numbers co...
by kjdbonez
Sat Aug 27, 2016 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest ANYTHING right now?
Replies: 27
Views: 4016

Re: Should I invest ANYTHING right now?

I agree that $320k is quite a hole. Believe it or not, many of the people I graduated from med school with in 2007 had over $200k in student loans (from a public university even). And at the time the rates were 6.8%. Just a couple years earlier I received a student loan for undergrad at 3.75%. Then ...
by kjdbonez
Sat Aug 27, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest ANYTHING right now?
Replies: 27
Views: 4016

Re: Should I invest ANYTHING right now?

Thanks for all the replies/advice. I think my plan at this point is to: 1) Pay off my ~$40k in 7.9% federal student loans. Not only will that wipe out a decent amount of my loans in general, but it will also be all of the highest interest loans - none of which are subsidized and benefiting from the ...
by kjdbonez
Fri Aug 26, 2016 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest ANYTHING right now?
Replies: 27
Views: 4016

Re: Should I invest ANYTHING right now?

Thanks for the replies so far. My main question is what should I do with the $80k I just received since I won't be making a high income until probably the fall of 2017? Currently I am in MN (was in MI for half the year) and my income for 2016 will be less than $100k, so I didn't want to miss out on ...
by kjdbonez
Thu Aug 25, 2016 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest ANYTHING right now?
Replies: 27
Views: 4016

Should I invest ANYTHING right now?

I was originally going to put this in the "personal finance" section, but in case the advice I get is that I should begin to make some retirement investments I figured this would be the appropriate section and I can edit my post with further details as necessary. To preface, I just read through If Y...