Search found 47 matches

by cone774413
Sun Jan 10, 2021 11:27 am
Forum: Personal Investments
Topic: Any sense diversifying bond funds in taxable?
Replies: 1
Views: 192

Any sense diversifying bond funds in taxable?

I'm beginning to steadily grow my taxable account with a 50/50 allocation. My equities are in VTSAX+VTIAX (80/20 respectively). To this point my bond portion is in VTEAX but in the spirit of diversification I wondering about maybe putting 20% of my bond allocation into VTBLX. I know from a taxable s...
by cone774413
Fri Jan 01, 2021 5:43 pm
Forum: Personal Investments
Topic: Very confused regarding backdoor roth IRA....
Replies: 19
Views: 1030

Re: Very confused regarding backdoor roth IRA....

For some reason I just can't wrap my head around this. My wife has a Rollover IRA at Vanguard from an old 401k. The basis is about 7k and we've acquired about an additional 4k in capital gains since it's been there. I think you are using the word "basis" incorrectly for this scenario. A r...
by cone774413
Fri Jan 01, 2021 5:34 pm
Forum: Personal Investments
Topic: Very confused regarding backdoor roth IRA....
Replies: 19
Views: 1030

Re: Very confused regarding backdoor roth IRA....

The OP may confused by what "basis" means for a traditional IRA. Ignoring that confusing, let me ask directly: Has your spouse ever made any non-deductible traditional IRA contributions? If so, has she filed a Form 8606 to tell the IRS that she has made such contributions? Oh god, what ha...
by cone774413
Fri Jan 01, 2021 5:09 pm
Forum: Personal Investments
Topic: Very confused regarding backdoor roth IRA....
Replies: 19
Views: 1030

Very confused regarding backdoor roth IRA....

For some reason I just can't wrap my head around this. My wife has a Rollover IRA at Vanguard from an old 401k. The basis is about 7k and we've acquired about an additional 4k in capital gains since it's been there. We are both relatively young and expect our salaries to increase substantially next ...
by cone774413
Thu Dec 03, 2020 8:33 pm
Forum: Personal Investments
Topic: Short Tesla?
Replies: 93
Views: 6631

Re: Short Tesla?

mrspock wrote: Thu Dec 03, 2020 7:32 pm Good luck with that. Never bet against a guy which can land rockets on end.... doubly so when they can do this two rockets at once.
Do you think Musk had any substantial contribution towards the engineering or design of those rockets?
by cone774413
Tue Oct 20, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: do doctors/hospitals HATE Medicare Advantage (as payers)
Replies: 126
Views: 10925

Re: do doctors/hospitals HATE Medicare Advantage (as payers)

I am a physician who works on a largely inpatient basis (in the hospital). FWIW, I'm at a major academic medical center. I would say 95% of the time I have no clue (nor desire to know, frankly) what insurance my patient has. I would have think where to find it in our EMR. Patients throughout our med...
by cone774413
Sun Aug 23, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Young couple, not sure how much house to buy...
Replies: 28
Views: 3409

Re: Young couple, not sure how much house to buy...

I appreciate all the responses. I think we will rent for at least a year and likely move into a nice townhome for the next several years pending our student loan status.
by cone774413
Sat Aug 22, 2020 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Young couple, not sure how much house to buy...
Replies: 28
Views: 3409

Re: Young couple, not sure how much house to buy...

I’m sure this is obvious but there’s no way to increase the income right? I might be wrong but the household seems a little low for two docs. I think usually it’s a bad idea to buy a house with that much med school debt but I do think that it’s different given you’re going for PSLF. And even though...
by cone774413
Sat Aug 22, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Young couple, not sure how much house to buy...
Replies: 28
Views: 3409

Re: Young couple, not sure how much house to buy...

Side note, I hope you have not made any payments since March or through the end of the year on those student loans. Some PSLF hopefuls don’t realize that during this period (first via the CARES Act and now through executive order), nonpayment months in which you had qualifying employment STILL coun...
by cone774413
Sat Aug 22, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Young couple, not sure how much house to buy...
Replies: 28
Views: 3409

Re: Young couple, not sure how much house to buy...

sonic1124 wrote: Sat Aug 22, 2020 3:12 pm Might have missed it, but where does the down payment come from?
Sign on bonus + smaller family gift
by cone774413
Sat Aug 22, 2020 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Young couple, not sure how much house to buy...
Replies: 28
Views: 3409

Young couple, not sure how much house to buy...

Wife and I (mid 30's) recently finished medical training and recently had our first baby (with plans for another shortly). Currently living in a LCOL area but planning to move to a very HCOL to be closer to family (....in laws....) since we have a new baby and happy wife is a happy life. In all seri...
by cone774413
Fri Jun 26, 2020 8:14 am
Forum: Personal Investments
Topic: Feds promise to not raise interest rates until 2022 and emergency fund...
Replies: 7
Views: 853

Feds promise to not raise interest rates until 2022 and emergency fund...

I'm still trying to understand bonds and I fear this question will likely display my ignorance but oh well, we're all trying to learn... My understanding is one of the major risks of bonds is the potential for interest rates increase. If the fed has promised note to raise interest rates for at least...
by cone774413
Thu Jun 25, 2020 6:11 pm
Forum: Personal Investments
Topic: What On Earth To Do With Cash in Taxable Needed in 1-3 Years
Replies: 25
Views: 3026

Re: What On Earth To Do With Cash in Taxable Needed in 1-3 Years

Pardon my ignorance (I'm in a similar position which is why I'm interested) but wouldn't deflation actually benefit you in this situation? In any event, I think the only two options (at least the only two options I think you will hear on Bogleheads) is either HYSA or CD or perhaps a very short durat...
by cone774413
Sat May 02, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6903

Re: Please help me unravel my parents mess

One other idea to toss into the mix for consideration. I am not necessarily "recommending" it, just that perhaps the concept should be considered and evaluated. Have they considered selling the annuity? While I am no expert, my understanding is that the purchaser calculates the present va...
by cone774413
Sat May 02, 2020 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6903

Re: Please help me unravel my parents mess

PoppyA wrote: Sat May 02, 2020 8:51 pm One other thing. I think anytime you think your parents are being taken, mistreated, or harmed in ANY WAY, it is easy to get upset. I know I did. You are a good son for caring.
Thank you very much for saying that. That was certainly my concern.
by cone774413
Sat May 02, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6903

Re: Please help me unravel my parents mess

Thanks guys, I appreciate all the help and advice. I need to get more information. I've taken a deep breath! Maybe I'm being naive but I can't help but blame the "advisor." As a physician I guess I viewed the relationship similar to a doctor-patient relationship. One party has all the kno...
by cone774413
Sat May 02, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6903

Re: Please help me unravel my parents mess

Bama12 wrote: Sat May 02, 2020 7:17 pm Sounds to me like your parents did just fine without your help. Maybe you should stay out of it.
I think you're correct.
by cone774413
Sat May 02, 2020 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6903

Re: Please help me unravel my parents mess

Thanks guys, I appreciate all the help and advice. I need to get more information. I've taken a deep breath! Maybe I'm being naive but I can't help but blame the "advisor." As a physician I guess I viewed the relationship similar to a doctor-patient relationship. One party has all the know...
by cone774413
Sat May 02, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6903

Re: Please help me unravel my parents mess

If they are retiring in a couple years, they need to start with a thorough analysis of their retirement expenses. Once you know how much they will need yearly, you can see how their current assets will meet those needs. Some questions: Will they get Social Security? If so, will it be enough to cove...
by cone774413
Sat May 02, 2020 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6903

Re: Please help me unravel my parents mess

Can you post the details of their annuity? Others here may be able to help them with that. I apologize, I know I should have more information before posting this but it's been bothering me and I wanted the boards wisdom. I don't completely know the type of annuity. Unfortunately, I knew absolutely ...
by cone774413
Sat May 02, 2020 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6903

Re: Please help me unravel my parents mess

Others will stop in to provide more details, but stay away from Edward Jones. They'll give your parents more advice like the advisor you are angry about. They have high commissions, hidden fees, expensive funds, and just about every other problem you can imagine. We get posts from people here regul...
by cone774413
Sat May 02, 2020 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6903

Please help me unravel my parents mess

My parents are about to retire in 1-2 years. They are the greatest people on earth, the epitome of salt-of-earth hardworking blue collar Americans. My dad spent his entire career working for ExxonMobil (XOM) on an oil tanker making a relatively great living (~180k/year) for his education. My mother ...
by cone774413
Sat May 02, 2020 7:40 am
Forum: Personal Investments
Topic: Limited bond fund choices in wife's 403b
Replies: 6
Views: 318

Limited bond fund choices in wife's 403b

My wife's 403b options are limited. She has been in a TIAA-Lifecycle fund but the ER is relatively high and I don't like having >30% of equity in international. I'm trying to create as simple 3 fund portfolio with a 90/10 allocation (80/20 US/international equity). The bond funds with acceptable ERs...
by cone774413
Sun Mar 29, 2020 3:16 pm
Forum: Personal Consumer Issues
Topic: Doctor exam notes often have falsehoods - Wny?
Replies: 9
Views: 1165

Re: Doctor exam notes often have falsehoods - Wny?

Doctor (neurologist) here. >75% of the notes are pre populated for billing purposes. During a clinic busy day (15 min follow ups) it's almost impossible to go line-by-line through the notes and not be there until 2 am every day. Notes are intended for other physicians and I think all physicians as w...
by cone774413
Sun Mar 29, 2020 2:14 pm
Forum: Personal Investments
Topic: Diversifying bond funds in taxable account for high-income?
Replies: 7
Views: 479

Re: Diversifying bond funds in taxable account for high-income?

If I was in that tax bracket, I would not hold VBTLX nor VBILX in a taxable account. Let's assume I have no choice but to hold bond in my taxable account in the asset allocation I listed. Then a tax-exempt bond fund or a Treasury bond fund. Ok. Then how about a portfolio such as .... 30% Vanguard T...
by cone774413
Sun Mar 29, 2020 1:37 pm
Forum: Personal Investments
Topic: Diversifying bond funds in taxable account for high-income?
Replies: 7
Views: 479

Re: Diversifying bond funds in taxable account for high-income?

livesoft wrote: Sun Mar 29, 2020 1:10 pm If I was in that tax bracket, I would not hold VBTLX nor VBILX in a taxable account.
Let's assume I have no choice but to hold bond in my taxable account in the asset allocation I listed.
by cone774413
Sun Mar 29, 2020 1:09 pm
Forum: Personal Investments
Topic: Diversifying bond funds in taxable account for high-income?
Replies: 7
Views: 479

Diversifying bond funds in taxable account for high-income?

I'm in the 24% almost to be 32% tax bracket. Have a mid-sized taxable brokerage account and adding to it bi-weekly (roughly 2,000/mo). It's about 35/65 stocks/bond allocation. There's about a 25% chance I may need a large chunk of this money in 8 years. My complete bond allocation has been in vangua...
by cone774413
Fri Mar 06, 2020 6:38 am
Forum: Personal Investments
Topic: Dumb question, why doesn't VWIUX show "change" on Vanguard website?
Replies: 2
Views: 254

Dumb question, why doesn't VWIUX show "change" on Vanguard website?

Out of curiosity, why doesn't Vanguard Intermediate Tax Exempt Bond Fun show the "change" from day-to-day on the Vanguard website or even on Apple sTocks widget when checking at the end of the day? I checked both the admiral and investor symbol.
by cone774413
Wed Mar 04, 2020 7:06 am
Forum: Personal Finance (Not Investing)
Topic: weird thing about applying for an Amex credit card
Replies: 24
Views: 2488

Re: weird thing about applying for an Amex credit card

I had a somewhat similar issue and I just called and spoke with someone for 5s and was approved.
by cone774413
Mon Mar 02, 2020 7:17 pm
Forum: Personal Investments
Topic: Where to put money which may be needed in 7 years?
Replies: 8
Views: 842

Re: Where to put money which may be needed in 7 years?

How much do you need to save total? How much can you save per year? Of the 50k you have now, can some of that go into investments and you basically start the savings clock today? I wanna save as much as is feasible but trying to balance retirement savings, upcoming baby, emergency fund, home down p...
by cone774413
Mon Mar 02, 2020 7:07 pm
Forum: Personal Investments
Topic: Where to put money which may be needed in 7 years?
Replies: 8
Views: 842

Re: Where to put money which may be needed in 7 years?

Not enough information but I don't think I would risk any money in the market if I knew that I was going to need it within 10 years. How important could this to you -- do you need it or want it? How much have you saved so far? >500k is a lot of money The difficulty in the decision is that I am not ...
by cone774413
Mon Mar 02, 2020 5:42 pm
Forum: Personal Investments
Topic: Where to put money which may be needed in 7 years?
Replies: 8
Views: 842

Where to put money which may be needed in 7 years?

There is about a 50% chance I will need to make a large purchase in about 7 years (could be >500k). In anticipation of this I have been putting away 1,500k/month - partly at the expense of my retirement accounts (there's only so much money to go around...) If I don't need the money in 7 years (again...
by cone774413
Fri Jan 17, 2020 6:02 pm
Forum: Personal Consumer Issues
Topic: MRI and other medical service
Replies: 16
Views: 1579

Re: MRI and other medical service

I'm a neurologist. I would use at least a 1.5T. I really don't like open MRI. I also tend to recommend my patients, if at all possible, to obtain their scans at a university hospital with a dedicate neuroradiologist will interpret the scans.
by cone774413
Fri Aug 23, 2019 5:25 am
Forum: Personal Consumer Issues
Topic: Physician quality and experience
Replies: 94
Views: 6678

Re: Physician quality and experience

Current fellow here. I think it depends what type of practice you are currently in. If anything, I expect to have more exposure to the complex "zebras" in fellowship than I would being in the community. At least in my field (non surgical) I think years of fellowship and residency has me co...
by cone774413
Mon Aug 19, 2019 10:48 am
Forum: Personal Investments
Topic: newish investor driving myself crazy picking a bond fund...
Replies: 14
Views: 1561

Re: newish investor driving myself crazy picking a bond fund...

At 24%, VWITX (Int-Term Tax-Exempt Bond index) should be considered. Exempt from Fed tax. State tax still applies. I also like VSIGX (Vangaurd Int-Term Treasury Index), but probably not in the 24% marginal. cone, I agree with bloom's recommendation, but you have not provided enough information. For...
by cone774413
Mon Aug 19, 2019 6:03 am
Forum: Personal Investments
Topic: newish investor driving myself crazy picking a bond fund...
Replies: 14
Views: 1561

newish investor driving myself crazy picking a bond fund...

Hello, I have a taxable brokerage account that i put money into every month. i believe I may need to use this fund in 10-15 years. My current asset allocation is 65% bonds and 35% VTSAX. I'm going crazy choosing between the appropriate bond fund. Currently I have it in VBILX, is that OK or should I ...
by cone774413
Mon Feb 25, 2019 7:48 pm
Forum: Personal Investments
Topic: taxable account: ok to add money monthly?
Replies: 11
Views: 946

Re: taxable account: ok to add money monthly?

Thank you! I was hesistant because I thought I read somewhere arguing against monthly deposits by stating that it would create a lot of paperwork hassle trying to figure out all the cost basis (ex. monthly transactions for 15 years would be over 500 transsctions)
by cone774413
Mon Feb 25, 2019 7:36 pm
Forum: Personal Investments
Topic: taxable account: ok to add money monthly?
Replies: 11
Views: 946

taxable account: ok to add money monthly?

Is it OK to have automatic transfers to my taxable account allocated by my AA (ex. 1,500/mo into taxable account with 40% automatically going to US stock, etc.) or should I pile it up in the money market account and only buy every 6 months or so?
by cone774413
Mon Feb 25, 2019 1:54 pm
Forum: Personal Investments
Topic: Lifestrategy verse TRD for taxable account
Replies: 13
Views: 1045

Re: Lifestrategy verse TRD for taxable account

How much money are you talking about, in terms of monthly contributions? And what bond percentage are you considering? The tax implications of holding bonds are more severe with $1,000/month and 50% bonds than they are with $100/month and 25% bonds. I was planning on adding 1,500/mo with about 40% ...
by cone774413
Mon Feb 25, 2019 1:05 pm
Forum: Personal Investments
Topic: Lifestrategy verse TRD for taxable account
Replies: 13
Views: 1045

Re: Lifestrategy verse TRD for taxable account

Thanks for your reply. I have most all of those things you mentioned but I need a separate "stash" of money to access in 10-15 years - well before my expected retirement (at least 30 years). I was hoping for some type of system that I can just have automatic transfers from my checking acco...
by cone774413
Mon Feb 25, 2019 12:44 pm
Forum: Personal Investments
Topic: Lifestrategy verse TRD for taxable account
Replies: 13
Views: 1045

Lifestrategy verse TRD for taxable account

I'm putting money away in a taxable account to likely use in 10-15 years. I know the conventional wisdom is put them into separate indexes in a three-fund portfolio but for the sake of simplicity I would really prefer an "all in one" fund and add to it monthly. My plan was either Lifestrat...
by cone774413
Tue Feb 19, 2019 6:43 pm
Forum: Personal Investments
Topic: Beginner question re: taxable vanguard mutual fund
Replies: 5
Views: 435

Re: Beginner question re: taxable vanguard mutual fund

livesoft wrote: Tue Feb 19, 2019 6:36 pm You are basically correct, but for more in depth, it would behoove you to read IRS Publication 550 which helps taxpayers pay taxes on their investments. It is a pretty short and informative read, so I don't think there is any excuse not to read it.
Thank you! I will certainly read it
by cone774413
Tue Feb 19, 2019 6:33 pm
Forum: Personal Investments
Topic: Beginner question re: taxable vanguard mutual fund
Replies: 5
Views: 435

Beginner question re: taxable vanguard mutual fund

My wife and I are planning on putting a chunk of money away each month into a taxable Vanguard account for use in 10-20 years.  My understanding is that you would only pay taxes on the dividend portion yearly and on the selling once you take the money out?  I am new to taxes in general, especially t...
by cone774413
Sat Feb 16, 2019 4:40 pm
Forum: Personal Investments
Topic: beginner needing help saving for 15 year emergency expense
Replies: 8
Views: 1020

beginner needing help saving for 15 year emergency expense

My wife and I are both new doctors with MASSIVE student loans debt with moderate incomes (as far as doctors salaries go). We are currently on the PSLF program chugging along but want to set aside an emergency fund in the event something happens to the PSLF program and/or we need to use REPAYE/PAYE f...
by cone774413
Sun Jan 08, 2017 10:45 am
Forum: Personal Investments
Topic: newer investor, wondering about allocation
Replies: 3
Views: 483

Re: newer investor, wondering about allocation

Also, if you were in my position would do anything differently with savings?
by cone774413
Sun Jan 08, 2017 8:34 am
Forum: Personal Investments
Topic: newer investor, wondering about allocation
Replies: 3
Views: 483

newer investor, wondering about allocation

Hey everyone, Short introduction; I am a 28 year old medical resident making roughly 55k a year for the next 3 years before my salary increases to about 300K. I have 5k in savings with about 280k in medical school debt. Single. I have a few thousand in my Fidelity retirement account that had 100% al...