Search found 314 matches

by Finance-MD
Wed Nov 01, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Target Date Funds
Replies: 13
Views: 1455

Re: Tax Loss Harvesting Target Date Funds

If a Target Date fund (e.g. Vanguard) is a "fund of funds", can you even do TLH with these funds? I thought funds-of-funds are not eligible for TLH. Thanks! You may be confusing the impracticality of tax loss harvesting a fund of funds rather than much easier time you have doing so when owning the ...
by Finance-MD
Tue Oct 31, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Target Date Funds
Replies: 13
Views: 1455

Re: Tax Loss Harvesting Target Date Funds

If a Target Date fund (e.g. Vanguard) is a "fund of funds", can you even do TLH with these funds? I thought funds-of-funds are not eligible for TLH. Thanks!
by Finance-MD
Sun Oct 22, 2017 12:28 am
Forum: Personal Finance (Not Investing)
Topic: 2 comma club
Replies: 8
Views: 1508

Re: 2 comma club

Congrats somekevinguy! 2MD couple 2 years out as well. If there’s such a thing as 2 commas - student loans, we’re hitting that milestone on Halloween, 1 year after hitting 0 NW day. Nice to see a MD couple who has grown faster than us :). We started with $450k debt though so real 2 comma NW day is s...
by Finance-MD
Tue Oct 17, 2017 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)
Replies: 65
Views: 8162

Re: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)

I’m assuming dual income W-2? Have either considered switching to 1099? Have you otherwise considered starting a business (e.g. consulting) through which you can funnel expenses (eg meals, entertainment, travel). Yes, I'm envisioning a dual-W2 scenario from a large employer that will not offer the ...
by Finance-MD
Tue Oct 17, 2017 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Deciding between Roth TSP and Trad TSP
Replies: 26
Views: 1544

Re: Deciding between Roth TSP and Trad TSP

Are you just starting? How many years of contributions do you have now? Any thoughts of getting married? You mentioned kids. If you will be at the same tax rate in retirement, it’s a wash. I’d rather have more ‘dollars’ by investing pretax and investing the tax savings in a taxable account. I’m assu...
by Finance-MD
Tue Oct 17, 2017 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)
Replies: 65
Views: 8162

Re: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)

I’m assuming dual income W-2?
Have either considered switching to 1099?

Have you otherwise considered starting a business (e.g. consulting) through which you can funnel expenses (eg meals, entertainment, travel).
by Finance-MD
Tue Oct 10, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Help with 401k Selection for friend
Replies: 6
Views: 412

Re: Help with 401k Selection for friend

agree - VITSX is fine for 100% of his 401k. he may want to add a bond fund at some point and can worry about that in his Roth. To be honest, the TRP target funds are fine too at least for now while balance isn't too high. The ER's are fine and at least have 'historically' performed well since incept...
by Finance-MD
Tue Oct 10, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: sep IRA with 401k, Roth and HSA
Replies: 11
Views: 559

Re: sep IRA with 401k, Roth and HSA

does your W2 401k have low fees and good options? in general, fill up 1. HSA 2. 401k employee contribution* up to match from W2 employer 3. IRA* 4. 401k employee contribution* after match up to 18000 total into 401k 5. taxable account you have 2 businesses now (W2 and 1099), so you get one more acco...
by Finance-MD
Tue Oct 10, 2017 6:34 am
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5741

Re: Anesthesiologist Advise [how to save money]

Congrats on having no debt. $3300/mo includes rent? That sounds pretty good. How much are you getting now before taxes? Do you have a PLLC set up? S Corp is helpful for minimizing Medicare tax since you only pay Medicare tax on the portion that comes to you as a w-2 salary. It won’t be helpful now i...
by Finance-MD
Fri Sep 29, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Are we suckers for not pursuing Public Service Loan Forgiveness?
Replies: 18
Views: 2117

Re: Are we suckers for not pursuing Public Service Loan Forgiveness?

So you will only pursue this if you can massively take advantage of the program? What you describe in option 2 is technically fraud,as the loans specifically state they are to be used for education expenses. Interesting point. As I understand it, many high-income MDs "massively take advantage of th...
by Finance-MD
Mon Sep 25, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Proposing a standard for asset allocation notation: 60+15/25
Replies: 12
Views: 1311

Re: Proposing a standard for asset allocation notation: 60+15/25

i thought it was a 60% equity/40% bond allocation when i first looked at it. i think most are seeing total equity as the first number e.g. 75/25 some other possibilities example 1: 75 (60:15) / 25 example 2: 75(20%)/25 since the board likes to say % of equities that are intl example 3: 75/25 (20%intl)
by Finance-MD
Wed Sep 20, 2017 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investments - Less conservative plan going forward
Replies: 4
Views: 535

Re: Help with investments - Less conservative plan going forward

Agree with above. I'd switch to 40/60 Buy international with MM. Could sum or DCA over ~6 months... Or could lump sum half, and DCA the rest... Would sit at 40/60 for a while before moving further beyond... 40/60 historically has a very good sharpe ratio. Don't know if you need to go any more aggres...
by Finance-MD
Wed Sep 20, 2017 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: New Job 401K Portfolio Advice
Replies: 4
Views: 357

Re: New Job 401K Portfolio Advice

Without the expense ratios listed, I agree with above.
State street sp500 for 100% of 401k.

I'd max out a back door Roth IRA as well.
You can diversify there if you choose with some bonds or stick to all equities for now.
by Finance-MD
Wed Sep 20, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Russell 3000 Index Fund [offered at Vanguard?]
Replies: 8
Views: 674

Re: Russell 3000 Index Fund [offered at Vanguard?]

oldcomputerguy wrote:
Wed Sep 20, 2017 9:22 pm
What would be the advantage of a Russell 3000 fund versus a Total Market fund such as VTSAX?
Would be a very nice TLH partner for VTSAX.
by Finance-MD
Tue Sep 19, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Freedom® 2045 Fund FSNZX vs FXIAX?
Replies: 3
Views: 334

Re: Fidelity Freedom® 2045 Fund FSNZX vs FXIAX?

Unfortunately the UT retirement options despite a number of different vendors don't offer any index target funds.

The indexes you have are great for the equity side.

There is also a vanguard total bond institutional index fund for your fixed income allocation.
by Finance-MD
Mon Sep 18, 2017 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2622

Re: 24F Looking to start an aggressive portfolio

Why are you trying to add more accounts? Just stick with Roth tsp to the extent you can. Alternatively, do Roth IRA with vanguard TD retirement fund first (Roth Ira is more liquid because contributions can be withdrawn any time), then do Roth TSP to max amount you can.
by Finance-MD
Mon Sep 18, 2017 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2622

Re: 24F Looking to start an aggressive portfolio

Are you maxing a tsp?

You then have Roth IRA after.

Are you filling both of these first?

Taxable investing in general isn't as helpful if you're planning to leave this for a long time.
by Finance-MD
Mon Sep 18, 2017 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2622

Re: 24F Looking to start an aggressive portfolio

Why not keep life simple and use a vanguard target date retirement account in a Roth IRA?
by Finance-MD
Sun Sep 17, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 19997

Re: Let's talk about your FI # and family income

HH income > $600 (md x2) Started almost $500k in loan debt 2 years ago. Initial goal was to be FI within 5 years of starting jobs with 2M net worth. Will probably hit that in 4 years unless one of us cuts back hours before then (not unlikely) will probably get closer to 2.5-3M before feeling FI with...
by Finance-MD
Sat Sep 16, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Help with TIAA-CREF
Replies: 15
Views: 1740

Re: Help with TIAA-CREF

You can always switch it to TIAA Traditional later. It doesn't need to be at the beginning.

If you keep your TIAA account after he leaves, it may allow future incoming rollovers so that you could end up with a sizable amount in TIAA Traditional upon retirement... just FYI
by Finance-MD
Thu Sep 14, 2017 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Health Care Fund in my portfolio?
Replies: 42
Views: 4134

Re: Vanguard Health Care Fund in my portfolio?

along the line of choosing your allocation of health care, i've wondered if Vanguard or someone else might make an index that particularly excludes a sector... e.g. VXHC (vanguard excluding health care total stock market index)... that way i could divest our investments from health care as over 90% ...
by Finance-MD
Wed Sep 13, 2017 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Checkup - Physician nearing end of Training
Replies: 27
Views: 2686

Re: Retirement Checkup - Physician nearing end of Training

Congrats on your excellent saving rate. When you get the bump in income and you're in the 80-90% savings rate range, you could be comfortably Financially independent in <5 years. Then... as your investments grow, you can inflate your lifestyle proportionally based on 4% rule and always be FI... E.g...
by Finance-MD
Sun Sep 10, 2017 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Help with TIAA-CREF
Replies: 15
Views: 1740

Re: Help with TIAA-CREF

I'd roll his Ira and simple into 403b and set all to TIAA Traditional... (whichever type you prefer). Looks like this will be <7% of portfolio and can easily be all one holding. All new contributions can also all go to TIAA Traditional since they will be <1% of portfolio. If you need to rebalance bo...
by Finance-MD
Sun Sep 10, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Checkup - Physician nearing end of Training
Replies: 27
Views: 2686

Re: Retirement Checkup - Physician nearing end of Training

Congrats on your excellent saving rate. When you get the bump in income and you're in the 80-90% savings rate range, you could be comfortably Financially independent in <5 years. Then... as your investments grow, you can inflate your lifestyle proportionally based on 4% rule and always be FI... E.g....
by Finance-MD
Sun Sep 10, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Checkup - Physician nearing end of Training
Replies: 27
Views: 2686

Re: Retirement Checkup - Physician nearing end of Training

Side note.. may want to consider all 401k contributions as Roth contributions this year assuming it doesn't bump you into 33% bracket. Thanks for the information. I am definitely leaning towards converting it to Roth. As for your comment above, when would I transfer it out of my current WF account ...
by Finance-MD
Sat Sep 09, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Checkup - Physician nearing end of Training
Replies: 27
Views: 2686

Re: Retirement Checkup - Physician nearing end of Training

1. Her 403b Have good options there. Could leave it. I would however move to IRA though and do Roth conversion while you have the chance this year assuming you can do it all at the 28% marginal rate. It's a bit of a wash really, but for tax diversification purposes, you may be very happy to have mor...
by Finance-MD
Wed Sep 06, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help with new employer 401K plans
Replies: 13
Views: 559

Re: Help with new employer 401K plans

didn't you want to do 95% equities and 5% bonds?

could do 65/30/5

many people don't believe you should have a separate fund for < 5% of your allocation... 2% bonds isn't really going to do much.
by Finance-MD
Tue Sep 05, 2017 3:41 am
Forum: Personal Finance (Not Investing)
Topic: Renting during residency
Replies: 12
Views: 1384

Re: Renting during residency

As others have said. Your debt free and cash flow positive. You're fine. I'd however expect you can find a cheaper option if you hunt for it. This may not be worth your time though. As gasdoc mentioned, you could look for a garage apartment or something like that - something privately owned - where ...
by Finance-MD
Mon Sep 04, 2017 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Looking at shares rather than dollars?
Replies: 10
Views: 1279

Re: Looking at shares rather than dollars?

Can psychologically help people stay the course and keep investing, especially in a bear market. It can be hard for people to see money going in and the value going down... but focusing on the number of shares... well then you can be more motivated to buy more when it's crashing.
by Finance-MD
Mon Sep 04, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and Rental Property Advice
Replies: 8
Views: 997

Re: Asset Allocation and Rental Property Advice

Finance-MD, Thank you for offering your time and difference perspective on my case. The Net Income Yield (without the mortgage) is 5.9%, it should go up annually since my expenses are pretty much fixed. I will pay off the mortgage in 10 years. The market value of the property is $330k, I have $130k...
by Finance-MD
Sun Sep 03, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k Help with Options
Replies: 6
Views: 557

Re: New 401k Help with Options

You can just do SP500 for everything. This is only for a couple years anyway. Yes you can add midcap if you want, 80/20 or 85/15 sp500 to Russell 2000 will basically give you a Total us stock market. You have your Roth IRA as well for other funds. You can take your old 401k and put that into a tradi...
by Finance-MD
Sun Sep 03, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: High-Deductible Health Plan vs. Peace of Mind
Replies: 42
Views: 4415

Re: High-Deductible Health Plan vs. Peace of Mind

Does your EF account for the out-of-pocket maximum for the hideout to the health plan? I would make sure you have enough emergency funds for this before choosing such a plan. For most people just starting out without much cash savings a slightly higher premium for less risk of financial catastrophe...
by Finance-MD
Sun Sep 03, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: High-Deductible Health Plan vs. Peace of Mind
Replies: 42
Views: 4415

Re: High-Deductible Health Plan vs. Peace of Mind

Does your EF account for the out-of-pocket maximum for the hideout to the health plan? I would make sure you have enough emergency funds for this before choosing such a plan. For most people just starting out without much cash savings a slightly higher premium for less risk of financial catastrophe ...
by Finance-MD
Thu Aug 31, 2017 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and Rental Property Advice
Replies: 8
Views: 997

Re: Asset Allocation and Rental Property Advice

What is the net operating income of the rental (e.g. How much cash flow would it have if no mortgage)? Rental properties can be very useful in retirement due to the high dividend rate they pay out with lower volatility. If your cap rate is 7%... we'll that's a 7% dividend that should keep up with in...
by Finance-MD
Thu Aug 31, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Gas shortage
Replies: 7
Views: 993

Re: Gas shortage

Yeah crazy. I'm in line right now. I had someone spend an hour trying to get gas not long ago without success, went to 7 stations with gas based on gasbuddy app. Every place near my work in irving is out now. Currently In line at a station 5 miles away... hopefully they don't run out of gas before I...
by Finance-MD
Thu Aug 31, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement or Pay Off Debt?
Replies: 35
Views: 3216

Re: Retirement or Pay Off Debt?

The student loan debt is an irreversible expense already completed. It is a black hole in your net worth and your cash flow. You cannot return your education or sell it to get your money back. It is a permanent debt until it is removed. A car is a physical piece of property. Cars can be sold. A car...
by Finance-MD
Thu Aug 31, 2017 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Retirement or Pay Off Debt?
Replies: 35
Views: 3216

Re: Retirement or Pay Off Debt?

No problem. One other way to look at it is that debt and retirement are one in the same. Having more debt just means needing more to retire. Paying a dollar toward debt payoff is still putting you one dollar closer to retirement. It's the same end game. Good luck. I totally disagree. So if I financ...
by Finance-MD
Thu Aug 31, 2017 12:45 am
Forum: Investing - Help with Personal Investments
Topic: Retirement or Pay Off Debt?
Replies: 35
Views: 3216

Re: Retirement or Pay Off Debt?

WCI post on debt payoff vs investing lists a cutoff for paying down debt vs investing is 5% interest rate. At 4.85, I think your attitude toward debt plays a large role. That being said, nothing has to be 100%, i.e. You could pay 75% toward debt and save 25%, or whatever percentage makes you more c...
by Finance-MD
Thu Aug 31, 2017 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Retirement or Pay Off Debt?
Replies: 35
Views: 3216

Re: Retirement or Pay Off Debt?

No problem.
One other way to look at it is that debt and retirement are one in the same. Having more debt just means needing more to retire. Paying a dollar toward debt payoff is still putting you one dollar closer to retirement. It's the same end game.
Good luck.
by Finance-MD
Thu Aug 31, 2017 12:28 am
Forum: Investing - Help with Personal Investments
Topic: 403b and savings rate question
Replies: 16
Views: 1513

Re: 403b and savings rate question

I would do the sp500 in 403b until you get to 15% bracket of taxable income.
Then I'd switch to Roth IRA and fill up the rest of your AA there. If you can do more, I'd continue with a Roth 403b if they gave you the option... otherwise the regular 403b.

Any chance you can move to a Lower COL area?
by Finance-MD
Wed Aug 30, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement or Pay Off Debt?
Replies: 35
Views: 3216

Re: Retirement or Pay Off Debt?

Definitely max pretax retirement. I'd also do backdoor Roth with equities. After that, the question is which will motivate you to have a higher savings rate. Does crushing debt incentivize you to throw 70% of your take home pay at your loans? By all means do that. Do you just focus on Net Worth, and...
by Finance-MD
Tue Aug 29, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Taxable retirement account for young physician
Replies: 25
Views: 2792

Re: Taxable retirement account for young physician

came back to add more (1) you indicate you like to donate. this is wonderful. i'd highly recommend looking at a donor advised fund (DAF's) with fidelity or vanguard... you can do significant donations while in your peak earning years This is Physician On Fire's excellent post about DAF's http://www....
by Finance-MD
Tue Aug 29, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Taxable retirement account for young physician
Replies: 25
Views: 2792

Re: Taxable retirement account for young physician

a few more things (1) you indicate you like to donate. this is wonderful. i'd highly recommend looking at a donor advised fund (DAF's) with fidelity or vanguard... you can do significant donations while in your peak earning years This is Physician On Fire's excellent post about DAF's http://www.phys...
by Finance-MD
Mon Aug 28, 2017 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be maxing out my 401k AND a roth IRA?
Replies: 8
Views: 1403

Re: Should I be maxing out my 401k AND a roth IRA?

What's your annual income or at least your federal marginal tax rate?
Can you easily invest more than 401k and IRA?
by Finance-MD
Mon Aug 28, 2017 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable retirement account for young physician
Replies: 25
Views: 2792

Re: Taxable retirement account for young physician

Please see the sticky 'asking portfolio questions' and follow the format. You're off to a good start. Investing does not have to be 'sophisticated.' It should be as simple as necessary, which can be quite simple. Please look at the Three-Fund Portfolio on the wiki. You only need 3 funds. In simplici...
by Finance-MD
Sun Aug 27, 2017 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: suggestion on buying our first home
Replies: 31
Views: 2695

Re: suggestion on buying our first home

Are you counting on tenure in 6 years to afford your house? 6 years is a long time. I've been told that the average duration a person lives in a house is 7 years (not sure if this is accurate though). Do you have family in Utah that would make you really want to stay? What if you or spouse won't get...
by Finance-MD
Sun Aug 27, 2017 9:28 pm
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 24
Views: 2524

Re: How and when do you decide to do Tax Loss Harvesting?

I use specID and TLH those with losses. I just read about specID on VG, I had no idea they offered that, but it looks like a complicated way, but I really like what I read. So it basically sets each purchase as separate fund/allocation (although it looks like one investment) and you can keep record...
by Finance-MD
Sun Aug 27, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 24
Views: 2524

Re: How and when do you decide to do Tax Loss Harvesting?

With a stock market climbing, there are still opportunities to TLH 'soon' after initial purchase due to volatility. Once those shares get older, with a climbing market, it's harder to TLH. That's why i ask about doing monthnly contributions. There are always new shares. I use specID and TLH those wi...
by Finance-MD
Sat Aug 26, 2017 8:30 pm
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 24
Views: 2524

Re: How and when do you decide to do Tax Loss Harvesting?

There are intrayear losses every year due to volatility.
if it is steadily climbing, you are getting higher basis with new contributions, which increases likelihood of being able to TLH something. If I just lump sum at the beginning, then I may never get to TLH those shares.
by Finance-MD
Sat Aug 26, 2017 7:33 pm
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 24
Views: 2524

Re: How and when do you decide to do Tax Loss Harvesting?

Let's pretend I want to put a fixed amount every month into vanguard total us stock market vtsax. Does anyone know the *least* I would need to invest monthly to be able to TLH at least the $3000 per year? Let's assume that a TLH is done whenever it's down by 1% In general I want to have my stocks in...