Search found 654 matches

by jayk238
Mon Jul 20, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: $359k in med school debt; advice for family member
Replies: 101
Views: 6987

Re: $359k in med school debt; advice for family member

A family member just graduated podiatry school and residency with $359k in student loans. Here are the relevant parameters: * All loans are Federal Direct * Mix of Unsub Stafford + Student Plus * Weighted avg interest rate is 6.1% * Married with 4 kids (relevant for disposable income calcs) * Expec...
by jayk238
Sun Jul 12, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14186

Re: Hopeless Civil Engineer

My dads an engineer and he told me that the pth to riches as an engineer required picking the right engineering. Traditionally civil engineering paid the least. I have an uncle who made 200 k as a tenured professor at a big school teaching it but he also created a company and had patents years befo...
by jayk238
Sun Jul 12, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14186

Re: Hopeless Civil Engineer

My dads an engineer and he told me that the pth to riches as an engineer required picking the right engineering. Traditionally civil engineering paid the least. I have an uncle who made 200 k as a tenured professor at a big school teaching it but he also created a company and had patents years befo...
by jayk238
Sat Jul 11, 2020 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14186

Re: Hopeless Civil Engineer

My dads an engineer and he told me that the pth to riches as an engineer required picking the right engineering. Traditionally civil engineering paid the least. I have an uncle who made 200 k as a tenured professor at a big school teaching it but he also created a company and had patents years befor...
by jayk238
Fri Jul 10, 2020 8:58 pm
Forum: Personal Investments
Topic: 51 year old physician
Replies: 85
Views: 10173

Re: 51 year old physician

Physician here in his mid-late 30s and I need to say it... The physician parking lot at my hospital would seem like it must be some ridiculous parody. Tesla, Porsche, Tesla, Tesla, BMW SUV, Tesla, Lexus, Tesla, Tesla. And I have several friends on about my own level who have just bought houses whic...
by jayk238
Fri Jul 10, 2020 8:50 pm
Forum: Personal Investments
Topic: 51 year old physician
Replies: 85
Views: 10173

Re: 51 year old physician

I love the schadenfreud here. It seems specifically reserved for doctors. I suspect this is due to the vast majority here not making a physician income and physicians being the ‘wealthiest,” people-here and elsewhere are most likely to meet. Its sad because over the years its gotten worse. Its also ...
by jayk238
Fri Jun 12, 2020 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 141
Views: 15350

Re: Chase reducing credit card limits

Im seeing a lot of theories here. Not sure if they hold water. I have two chase CC. Both have high limits about 50k in the chase reserve and 70k in the chase freedom. We use the reserve frequently for the highest purchases and we have a monthly balance roughly of 4k. The freedom is what I use when i...
by jayk238
Thu May 28, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 469
Views: 42020

Re: JPM Chase Reserve Card gets more expensive

Im not sure its worth cancelling for us. We still get use out of the 300 dollar credit. Which makes it 250 in fees for us. With the 60 dollars door dash its effectively 190 which is a 40 dollar premium over last year. I know it ends next year. However we still get benefit from the 1.5 pts travel ben...
by jayk238
Mon May 25, 2020 12:41 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 185
Views: 19276

Re: Pandemic buys that have improved quality of life?

Bought a freezer way before everyone else in february. Made a meaningful difference Bought an espresso maker breville barista 870xl Normally 700 but got it at bed bath for 450. Glad we did. Really wish I got the peloton tread before they stopped selling them. Bought better running shoes since I star...
by jayk238
Thu May 21, 2020 4:45 pm
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 264
Views: 20380

Re: What is your most luxury/expensive hobby.

Travel 20k: We like traveling. Its about 20k a year internationally. About 2 trips 24 days total. Skiing 1500: We like skiing. It hasnt been as expensive as yours. Season pass is 500 and we spent 1000 bw the two of us for all gear. Golf 2400: huge expense. Lessons 600: We pay roughly 225 for 8 lesso...
by jayk238
Wed May 20, 2020 4:00 pm
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6453

Re: Healthcare post COVID-19

I am surprised that mid-levels are not utilized more in medicine. A lot of visits are follow-ups and prescriptions. Beyond original diagnostic workup, establishing a treatment plan and performing procedure, most of what an MD does can be replicated by mid-levels with appropriate software/checklist ...
by jayk238
Wed May 20, 2020 10:32 am
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6453

Re: Healthcare post COVID-19

Total agreement with the above post. The existence of dermatology certified NPs is proof that the system is changing unfavorably for physicians. Dermatology is the most competitive non-surgical field for medical students. It is a four year residency program and the majority (~66%) took an additiona...
by jayk238
Tue May 19, 2020 9:04 pm
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6453

Re: Healthcare post COVID-19

Wonderful thoughtful posts by physicians here. I wonder the following: telemedicine is here but will patients pay the full price? If pt are on high deductibles (even if insurance covers it) will they pay full price equal to in office visit? Or be delinquent as they often are anyway? Will midlevel c...
by jayk238
Sat May 16, 2020 11:38 pm
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6453

Re: Healthcare post COVID-19

Wonderful thoughtful posts by physicians here. I wonder the following: telemedicine is here but will patients pay the full price? If pt are on high deductibles (even if insurance covers it) will they pay full price equal to in office visit? Or be delinquent as they often are anyway? Will midlevel cr...
by jayk238
Mon May 11, 2020 12:11 pm
Forum: Personal Consumer Issues
Topic: United Airlines miles and bankruptcy
Replies: 46
Views: 4108

Re: United Airlines miles and bankruptcy

I would strongly urge switching to credit card rewards. This is the most convenient way as it reduces depreciation (still at the mercy of airline rules) Because the cc company like chase buys them at a fixed guaranteed rate and offers them to customers. Also you can switch it to cold hard cash anyti...
by jayk238
Fri May 08, 2020 11:06 am
Forum: Personal Consumer Issues
Topic: Need advice for finding a specialist doctor appointment quickly
Replies: 24
Views: 2086

Re: Need advice for finding a specialist doctor appointment quickly

Why a psychiatrist? A lot of psych issues for depression can be safely treated by a good pcp. I treat a lot of patients via a multidisciplinary approach via our clinical psychologist. Unless the patient is a threat to self or others I feel comfortable treating. In fact when I used to refer the treat...
by jayk238
Thu Apr 30, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17947

Re: Quitting a job after two weeks: relocation expenses

I have done a terrible, massive mistake. I moved from a tech company in Silicon Valley to a hedge fund on the east coast, lured by the money (3x my current compensation if we include the bonus!). I relocated 3 weeks ago in a corporate housing rental, paid by them. Flight was expensed (business clas...
by jayk238
Fri Apr 24, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10247

Re: physician/APC pay cuts

Primary Care Solo Private Practice Take the paycut. The financial losses are real. I cut my pay 100% to keep the practice running and not have to fire anyone. I am prepared to take this haircut for 3 months. The CARES stimulus was around 1500$, which didn't help at all. The phone call reimbursement...
by jayk238
Fri Apr 24, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10247

Re: physician/APC pay cuts

It’s ‘voluntary’ in the sense that if you don’t willingly agree to their new proposed salary you run the very real risk of being terminated instead. If that’s ok with you, then refuse the cut. Read the medscape article a few posts before mine. Your group is trying to get people to voluntarily agree...
by jayk238
Fri Apr 24, 2020 8:19 am
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10247

Re: physician/APC pay cuts

For decades we have been told that preventive medicine and dental is critical. Now it's all being shut down, much of it unnecessarily. We will eventually find out the consequences of all this deferred treatment. Maybe they won't be so bad and we will have learned something. Or maybe they will be ba...
by jayk238
Fri Apr 24, 2020 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Best Covid19 resistant job
Replies: 154
Views: 9889

Re: Best Covid19 resistant job

I am a physician. I have a wonderful skillset as an internist trained through a rural program. I can do paracentesis, thoracentesis, lines, tubes, and manage tachyarrhythmias and vents. In large institutions much of this is managed by specialized groups- nurses or rts or anesthetists. I can do it al...
by jayk238
Sun Apr 05, 2020 12:50 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 53372

Re: How Is Your Job Being Impacted By The Current Crisis?

While I get to keep my great pay as an internal medicine and hospital trained doctor Im forced to work in the icu with Covid 19 patients. I say forced because Im mainly outpatient but everyone is sick. I hope people will stop finally griping about the work and pay for us here. Thanks.
by jayk238
Mon Mar 23, 2020 10:42 am
Forum: Personal Consumer Issues
Topic: Is living near power lines ok or bad?
Replies: 60
Views: 3261

Re: Is living near power lines ok or bad?

Among children living < 50 m from 200 + kV power lines, the adjusted odds ratio for childhood leukaemia was 1.33 (95% CI: 0.92-1.93). https://www.ncbi.nlm.nih.gov/pubmed/29808013 [OT comment removed by admin LadyGeek] One should understand basic statistics if posting. Crossing 1 on a confidence int...
by jayk238
Fri Mar 20, 2020 8:42 am
Forum: Personal Investments
Topic: Unprepared for Potential Great Depression Part 2
Replies: 245
Views: 24198

Re: Unprepared for Potential Great Depression Part 2

the sky is falling attitude is the exact behavior that this website and various books warn against. This is not different than the multitude of pandemics that other countries including South Korea have faced China had to deal with its own many times including H1N1 its just that we werent as affected...
by jayk238
Fri Mar 20, 2020 8:38 am
Forum: Investing - Theory, News & General
Topic: Young investors, how do you feel about your 1st market crash?
Replies: 132
Views: 9145

Re: Young investors, how do you feel about your 1st market crash?

33 years invested about 45k taxable this past winter My wife is contantly worrying despite my explanations for the long term I am paying off about 120k in student loans - and thats what I plan to do w interest rates frozen Otherwise, I've stopped checking stocks at this point- I know theres no point...
by jayk238
Sun Mar 15, 2020 4:28 pm
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 889

Re: student loan interest frozen- invest or pay off loans?

mcamp18 wrote:
Sun Mar 15, 2020 1:04 pm
Why have you not refinanced your loans to a lower rate? That is the first thing I would do.

Mark
The best rate i can get despite excellent credit is 5% which saves me 2k at most.
by jayk238
Sun Mar 15, 2020 4:27 pm
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 889

Re: student loan interest frozen- invest or pay off loans?

..... I didnt mention 401k because I am already funding that automatically. I dont even think about it. I am referring only to taxable accounts. Good in my opinion that you are fully funding your 401k. You may want to consider fully funding an IRA (Roth if you qualify which you might, otherwise tra...
by jayk238
Sun Mar 15, 2020 12:37 pm
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 889

Re: student loan interest frozen- invest or pay off loans?

Should I invest or pay off loans? I have 120k in student loans at 6.8%. Interest rates frozen. Stocks dropped. Should I buy the dip or pay of the debt? What if interest rates are only for 2 months? What if 6 months? Right now I pay about 4-5k a month in student loans. I 'only' have to pay about 760...
by jayk238
Sun Mar 15, 2020 12:37 pm
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 889

Re: student loan interest frozen- invest or pay off loans?

Should I invest or pay off loans? I have 120k in student loans at 6.8%. Interest rates frozen. Stocks dropped. Should I buy the dip or pay of the debt? What if interest rates are only for 2 months? What if 6 months? Right now I pay about 4-5k a month in student loans. I 'only' have to pay about 760...
by jayk238
Sun Mar 15, 2020 12:35 pm
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 889

Re: student loan interest frozen- invest or pay off loans?

Have they published the details yet? If not, I would wait for that. In particular, what does it mean? Delayed payment, loan term moved forward? Are they still accruing? My guess is that they are frozen, not waived. You will have to pay them eventually. Also, how much a month are we talking about? M...
by jayk238
Sun Mar 15, 2020 9:50 am
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 889

Re: student loan interest frozen- invest or pay off loans?

Should I invest or pay off loans? I have 120k in student loans at 6.8%. Interest rates frozen. Stocks dropped. Should I buy the dip or pay off the debt? What if interest rates are only for 2 months? What if 6 months? Right now I pay about 4-5k a month in student loans. I 'only' have to pay about 76...
by jayk238
Sun Mar 15, 2020 9:49 am
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 889

Re: student loan interest frozen- invest or pay off loans?

Have they published the details yet? If not, I would wait for that. In particular, what does it mean? Delayed payment, loan term moved forward? Are they still accruing? My guess is that they are frozen, not waived. You will have to pay them eventually. Also, how much a month are we talking about? M...
by jayk238
Sun Mar 15, 2020 9:46 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 195828

Re: Bogleheads community discussion - Coronavirus

Does any one remember a Swine Flu panic ? I don't recall. Do you know how many Americans were infected in 2009-2010 with the Swine flu? I didn't know but it turns out to be 60 million people. How many were hospitalized? The answer is 274,305(range: 195,086-402,719) and nobody on any these coronavir...
by jayk238
Sat Mar 14, 2020 1:16 pm
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 889

student loan interest frozen- invest or pay off loans?

Should I invest or pay off loans? I have 120k in student loans at 6.8%. Interest rates frozen. Stocks dropped. Should I buy the dip or pay of the debt? What if interest rates are only for 2 months? What if 6 months? Right now I pay about 4-5k a month in student loans. I 'only' have to pay about 760 ...
by jayk238
Sat Mar 14, 2020 1:13 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 138671

Re: Coronavirus (Consumer Issues) How you are preparing?

As a front line medical professional, do you still recommend not worrying about this? With all due respect the front line medical professionals, epidemiologists and other public health experts know much more than front line health professionals who are not experts in these matters. With all due res...
by jayk238
Mon Feb 17, 2020 11:08 pm
Forum: Personal Investments
Topic: New high income earner
Replies: 36
Views: 4833

Re: New high income earner

After many years making a 50-60k salary and two years making a high salary (400k), I am now in a position to be making 800k plus for the foreseeable future with continued growth potential. I am 35, married with 3 kids, and have a whole boat-load of debt (400k mortgage, 100k cars, 100k student, 1,00...
by jayk238
Mon Feb 17, 2020 11:07 pm
Forum: Investing - Theory, News & General
Topic: NY Times - "How Millennials Could Make the Fed’s Job Harder" FIRE mentioned 2/17/20
Replies: 64
Views: 6657

Re: NY Times - "How Millennials Could Make the Fed’s Job Harder" FIRE mentioned 2/17/20

This reminds me of #vanlife. As a gen x these articles get on my nerves. I’m pretty sure I can retire early and live in my parent’s backyard in a tent until they die. Give me a break. Most people can’t fire because healthcare is too expensive. You can fire. Do you think its any easier in europe? In...
by jayk238
Sat Feb 15, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone bypass insurance for primary care?
Replies: 108
Views: 6919

Re: Does anyone bypass insurance for primary care?

I am a family physician and started a Direct Primary Care practice 19 months ago. Happily, I don't take insurance, rather, my patients pay a monthly fee like a gym membership. Instead of rushed visits like in my previous 19 years of practice, I can spend 30-60 minutes with patients. Labs and prescr...
by jayk238
Sat Feb 15, 2020 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Medical Evacuation Insurance
Replies: 41
Views: 2614

Re: Medical Evacuation Insurance

Just read a travel advice article that pointed out the importance of medical evacuation insurance when traveling abroad. One's medical insurance might provide coverage for emergency medical care when out of the country, but few provide coverage if you might happen to need to be transported back hom...
by jayk238
Sat Feb 15, 2020 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Medical Evacuation Insurance
Replies: 41
Views: 2614

Re: Medical Evacuation Insurance

Health care is so much cheaper outside the USA and can easily be paid out of pocket. The last thing u want is to be transported back to USA... Would your answer be different if you had a heart attack while on vacation in say Jamaica? Just curious- if a patient's prosthetic hip fails due to an infec...
by jayk238
Wed Feb 12, 2020 6:32 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 138671

Re: Coronavirus (Consumer Issues) How you are preparing?

We have a number of threads on Coronavirus, but I want this one to specifically focus on consumer issues and how you are preparing. The way I see it, risk of infection is not the same as risk of quarantine; or to put things even more broadly, risk of weathering the effects of quarantine. I do not n...
by jayk238
Wed Feb 12, 2020 4:06 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 138671

Re: Coronavirus (Consumer Issues) How you are preparing?

We have a number of threads on Coronavirus, but I want this one to specifically focus on consumer issues and how you are preparing. The way I see it, risk of infection is not the same as risk of quarantine; or to put things even more broadly, risk of weathering the effects of quarantine. I do not n...
by jayk238
Mon Jan 20, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 44110

Re: Engineers - What are you making?

The average engineer makes about 50k in europe would you guys live in europe for that salary? The average engineering salary in the US is probably much lower than on bogleheads. I know plenty of engineers making under 100 salary. That said I have 4 data points. ChemE 11 yrs exp, mechanical job(oil ...
by jayk238
Sun Jan 19, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 44110

Re: Engineers - What are you making?

The average engineer makes about 50k in europe would you guys live in europe for that salary? The average engineering salary in the US is probably much lower than on bogleheads. I know plenty of engineers making under 100 salary. That said I have 4 data points. ChemE 11 yrs exp, mechanical job(oil ...
by jayk238
Sat Jan 18, 2020 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 44110

Re: Engineers - What are you making?

The average engineer makes about 50k in europe would you guys live in europe for that salary? Having lived in Europe. I absolutely would. Better quality of life (food standards, urban planning) Variety of cultures in close proximity It won’t be easy but definitely doable. I dont disagree with you. ...
by jayk238
Sat Jan 18, 2020 9:56 am
Forum: Personal Consumer Issues
Topic: How to buy business class tickets?
Replies: 42
Views: 6128

Re: How to buy business class tickets?

For international flights of more than 6 hours only. If you buy a business class ticket with cash (not points), do you buy it in the first place, or do you buy an economy class seat and later upgrade it to the business class one? we buy bz tickets. We find that certain rules of thumb are different....
by jayk238
Fri Jan 17, 2020 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 44110

Re: Engineers - What are you making?

Like any profession, engineering has a wide range of specialties. It's like asking doctors what they make and hearing from folks in specialties ranging from primary care to neurosurgeons. Knowing that some Hollywood plastic surgeon makes $2 million a year isn't really relevant to a small town prima...
by jayk238
Fri Jan 17, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 44110

Re: Engineers - What are you making?

The average engineer makes about 50k in europe would you guys live in europe for that salary? Absolutely not. What if it came with a 35hr work week, union benefits, a pension, and 30 days of vacation? And a 48% tax rate + a 21% VAT tax on most of what you buy. My observation while I was in Europe i...
by jayk238
Thu Jan 16, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 44110

Re: Engineers - What are you making?

The average engineer makes about 50k in europe would you guys live in europe for that salary?
by jayk238
Tue Dec 17, 2019 7:24 pm
Forum: Personal Consumer Issues
Topic: Kitchen knife set. Good quality - Recommendations
Replies: 87
Views: 13642

Re: Kitchen knife set. Good quality - Recommendations

I cant recommend wusthof or henckel

The best for your money is victorinox.

Go on americas test kitchen for a rigorous review. Not here.