Search found 404 matches

by eye.surgeon
Sun Apr 21, 2019 9:08 pm
Forum: Personal Investments
Topic: Tapping into Roth to buy a house
Replies: 21
Views: 1529

Re: Tapping into Roth to buy a house

From a tax law standpoint, can you not withdraw $10k from a Roth penalty-free to buy your first house?
by eye.surgeon
Thu Mar 07, 2019 9:47 pm
Forum: Personal Consumer Issues
Topic: Diminished value claim advice
Replies: 41
Views: 2007

Re: Diminished value claim advice

I successfully settled a diminished value claim after I was rear ended in my Tesla at a red light. I paid a professional $300 to write the report, submitted it to the insurance, they pretended it wasn't a real thing, then low balled me an offer, then raised the offer a couple times and I settled for...
by eye.surgeon
Tue Mar 05, 2019 1:08 am
Forum: Personal Investments
Topic: young-ish physician windfall
Replies: 37
Views: 7861

Re: young-ish physician windfall

Question: Did your practice sell to a venture capital group? I've been pitched several VC buyouts for my practice and spoken with others who have done it. Some have positive experiences, others find that big up-front money has lots of strings attached, like working for the new ownership at a reduced...
by eye.surgeon
Mon Mar 04, 2019 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 8202

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

You think your boss doesn't know it's about money? He/she knows. Because it's almost always about money.
by eye.surgeon
Sun Mar 03, 2019 1:05 am
Forum: Investing - Theory, News & General
Topic: What's next when the INDEX bubble bursts?
Replies: 9
Views: 1864

Re: What's next when the INDEX bubble bursts?

Am I missing something? Vanguard doesn't own the stocks in it's index funds. Millions of investors do.
by eye.surgeon
Tue Feb 26, 2019 1:10 pm
Forum: Personal Consumer Issues
Topic: Is Hyundai the value sweet spot?
Replies: 124
Views: 9694

Re: Is Hyundai the value sweet spot?

Hyundai, and Kia in particular, have terrible resale value. Total cost of ownership can be equal to or more than an equivalent Toyota or Honda with that factored in. I suspect this will change over the next decade as their quality gains more recognition, but right now a used Kia is pretty much worth...
by eye.surgeon
Thu Feb 07, 2019 6:00 pm
Forum: Personal Consumer Issues
Topic: Is General Practitioner [billing Medicare correctly?]
Replies: 88
Views: 3645

Re: Is General Practitioner [billing Medicare correctly?]

If your doctor documents "wellness exam" with no medical issues addressed, your visit will be denied by medicare, you get the bill, and you place an angry call to his billing office complaining that the doctor ripped you off and you refuse to pay the bill. If the doctor (correctly) documents your me...
by eye.surgeon
Thu Jan 31, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1005
Views: 143712

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

This post makes me sad as a lifelong Honda lover. It also makes me glad I switched to an EV. They aren't for everyone yet, and my wife still has a conventional car for trips, but after 4+ years of no filling up, oil changes, or dealership visits, you'd have to force me to go back at gunpoint.
by eye.surgeon
Mon Jan 28, 2019 10:02 pm
Forum: Personal Investments
Topic: Helping Kids with Home Purchase
Replies: 77
Views: 5885

Re: Helping Kids with Home Purchase

17 years ago my parents gave me a $30k gift for a home down-payment. I'm still living in that same home and am still profoundly grateful for allowing my family fresh out of residency to buy instead of rent. I already have down payments for my two kids to use for their first home, they are responsibl...
by eye.surgeon
Sat Jan 19, 2019 3:28 pm
Forum: Personal Consumer Issues
Topic: Looking to buy 2004 BMW - with steptronic
Replies: 6
Views: 565

Re: Looking to buy 2004 BMW - with steptronic

It's an unremarkable torque converter automatic transmission commonly known as a slushbox automatic. It's nothing special or different other than it's expensive to fix because it's a BMW. Kinda sounds like you're confusing BMWs steptronic transmission with their SMG transmission, which is as you sta...
by eye.surgeon
Thu Jan 17, 2019 12:13 pm
Forum: Personal Consumer Issues
Topic: Anyone with experience with Carmax?
Replies: 74
Views: 24335

Re: Anyone with experience with Carmax?

I've taken 3 cars there for offers over the years, two were too low to bother and one I sold for a lowish but fair offer.
by eye.surgeon
Sat Jan 05, 2019 11:18 pm
Forum: Personal Consumer Issues
Topic: Best way to move on from pricy car?
Replies: 35
Views: 2355

Re: Best way to move on from pricy car?

This car has exceptionally high residual value on the used market. If you want out, get out.
by eye.surgeon
Sat Dec 29, 2018 12:43 pm
Forum: Personal Investments
Topic: Best place to park funds needed in one year
Replies: 13
Views: 1309

Re: Best place to park funds needed in one year

Keep in mind that interest is regular income. If you are in the highest tax bracket and/or in a high tax state you may want to park it in a tax exempt money market fund, my short term cash is parked in vaguards tax exempt california money market fund. Earns less, but I keep more.
by eye.surgeon
Sat Dec 29, 2018 2:38 am
Forum: Personal Consumer Issues
Topic: Corvette vs Cayman/Boxster......anyone owned both?
Replies: 57
Views: 4725

Re: Corvette vs Cayman/Boxster......anyone owned both?

Many here have owned or currently own one or the other. Corvette best bang for buck and lowest cost of ownership. Porsche more badge appeal and about equally cliche IMO. Consider a new MX5...now has more power and can be had new for same price as used Vette or Porsche, and many gearheads would argue...
by eye.surgeon
Thu Dec 27, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: What common everyday inconvenience have you intentionally suffered for frugality?
Replies: 152
Views: 9599

Re: What common everyday inconvenience have you intentionally suffered for frugality?

You'd feel right at home over at MMM if changing your remote battery seems a bit spendy. ??? https://www.google.com/search?rlz=1CAACAZ_enUS719US719&tbm=fin&ei=yz8lXOeRH6mf_QbtvqiIAg&q=mmm&oq=mmm&gs_l=finance-immersive.3..81l3.9663.10054.0.10588.5.5.0.0.0.0.125.286.2j1.3.0....0...1c.1.64.finance-imm...
by eye.surgeon
Wed Dec 26, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: What common everyday inconvenience have you intentionally suffered for frugality?
Replies: 152
Views: 9599

Re: What common everyday inconvenience have you intentionally suffered for frugality?

You'd feel right at home over at MMM if changing your remote battery seems a bit spendy.
by eye.surgeon
Sat Dec 22, 2018 8:18 pm
Forum: Personal Investments
Topic: Boeing-time to buy?
Replies: 58
Views: 7648

Re: Boeing-time to buy?

I have been eyeing Boeing for some time. As of December 21 it was down to $304 per share, near its 52 week low of $294 per share, with the 52 week high being $394 per share. It's current dividend yield is about 2.6%. Morning star rates it 3 stars and a hold, while CFRA rates it a buy. It seems like...
by eye.surgeon
Thu Dec 20, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: "Diminished Value" of vehicle from accident
Replies: 8
Views: 671

Re: "Diminished Value" of vehicle from accident

I just settled a diminished value claim on my Tesla that was rear-ended by an inattentive driver. I paid an expert $300 and he prepared a detailed DV report with a how-to on submitting it to the insurance company of the at-fault driver. Their first response: there's no such thing as diminished value...
by eye.surgeon
Thu Dec 20, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Stop extra mortgage payment and put into taxable account?
Replies: 29
Views: 2508

Re: Stop extra mortgage payment and put into taxable account?

Financially probably better off investing that extra payment although it's unknowable. Psychologically, being mortgage-free has a significant non-financial reward. I'm still making extra mortgage payments.
by eye.surgeon
Sat Dec 15, 2018 2:46 am
Forum: Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 153
Views: 19782

Re: I made a mistake by not selling when the market was high this year

The mistake is selling when it's low, not holding when it's high. You haven't lost a dime.
by eye.surgeon
Mon Dec 03, 2018 11:02 pm
Forum: Personal Consumer Issues
Topic: Car Negotiation on MSRP?
Replies: 26
Views: 2350

Re: Car Negotiation on MSRP?

Use truecar to see average sales price for your specific car in your area. Visit the forums specific for your car, there will be a sticky thread on prices with people reporting what they are paying for your specific car. Without knowing what car you are talking about you won't get any useful feedbac...
by eye.surgeon
Fri Nov 23, 2018 12:31 am
Forum: Personal Consumer Issues
Topic: Networth to buy a dual turboprop aircraft?
Replies: 72
Views: 9433

Re: Networth to buy a dual turboprop aircraft?

see above edited response.
by eye.surgeon
Fri Nov 23, 2018 12:28 am
Forum: Personal Consumer Issues
Topic: Networth to buy a dual turboprop aircraft?
Replies: 72
Views: 9433

Re: Networth to buy a dual turboprop aircraft?

Considering a 10 year old King Air will cost you $4 million just to buy, then you have to hangar it, maintain it, insure it, fuel it...personally I would want an 8 figure net worth to even consider it. A twin engine turboprop is a whole order of magnitude more expensive to own and operate than a 18...
by eye.surgeon
Fri Nov 23, 2018 12:21 am
Forum: Personal Consumer Issues
Topic: Networth to buy a dual turboprop aircraft?
Replies: 72
Views: 9433

Re: Networth to buy a dual turboprop aircraft?

Considering a 10 year old King Air will cost you $4 million just to buy, then you have to hangar it, maintain it, insure it, fuel it...personally I would want an 8 figure net worth to even consider it. A twin engine turboprop is a whole order of magnitude more expensive to own and operate than a 182...
by eye.surgeon
Fri Nov 16, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Employment for a disabled son
Replies: 29
Views: 2421

Re: Employment for a disabled son

In a similar situation with a 17 yr old autistic son and two older unaffected siblings who are high achievers. One of the challenges of employment for these kids on disability is their earnings will count against their SSI and Medi-Cal eligibility to some degree. The earnings have to be quite minima...
by eye.surgeon
Mon Nov 12, 2018 2:03 am
Forum: Personal Consumer Issues
Topic: Trying to move out.
Replies: 25
Views: 2057

Re: Trying to move out.

Make important life decisions based on what is best for you, not your dog, and then find a compassionate way to either incorporate your pet into that decision or find it a loving home with someone else.
by eye.surgeon
Sun Nov 11, 2018 11:07 pm
Forum: Personal Consumer Issues
Topic: Prepaying for Rental Car - Availability Guaranteed?
Replies: 21
Views: 1234

Re: Prepaying for Rental Car - Availability Guaranteed?

It will have no bearing on the availability of a car. If there is no discount don't prepay. I've never in 30 yrs of renting cars been denied a vehicle of some sort when I have a reservation. What vehicle I get often has little resemblance to what I actually reserved.
by eye.surgeon
Mon Nov 05, 2018 11:40 pm
Forum: Personal Investments
Topic: 80 year old wants to invest $100k to get ~$10k annually. Options?
Replies: 22
Views: 4018

Re: 80 year old wants to invest $100k to get ~$10k annually. Options?

Have her contact me with more info when she finds that no-risk 10% annual return investment.
by eye.surgeon
Mon Nov 05, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 122
Views: 18565

Re: Are we in trouble?

If comparisons and perspective is helpful to you, I make almost twice as much as you and your spouse combined and my house is worth half what you're building. I live in California. You have a very healthy income, you'll make it work, it's just going to take you longer to hit that number. Whether tha...
by eye.surgeon
Sun Nov 04, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 8214

Re: Teaching kids there is an ample amount of money

It's more important to teach your kids the value of money, rather than teaching them how much or little money you have.
by eye.surgeon
Sun Nov 04, 2018 3:23 pm
Forum: Personal Consumer Issues
Topic: Please help me with my car decision
Replies: 42
Views: 3513

Re: Please help me with my car decision

First world problems, humblebrag edition. For a 3-7 mile commute, I’d sell the Porsche and get a bicycle, and teach my kids by example about fitness and saving the planet. Then get a Subaru or something for winter. Or just take an Uber when it snows. I think we all knew this was coming :sharebeer ....
by eye.surgeon
Fri Nov 02, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4255

Re: Thoughts on the New Macbook Air?

Contrarian opinion: the best apple notebook for most people right now is the old macbook air. $999. And more than powerful enough for most people. Apple likes to hype the superiority of the new screens and touts the new specs as being meaninful for everyone but in reality it's only power users that ...
by eye.surgeon
Fri Nov 02, 2018 12:30 am
Forum: Personal Finance (Not Investing)
Topic: final January estimated quarterly tax payment- can it be paid in April with return?
Replies: 7
Views: 768

final January estimated quarterly tax payment- can it be paid in April with return?

I've made my first 3 estimated tax payments for 2018. I have a big sec 179 tax deduction which I am sure will make my final January estimated payment unnecessary. Can I skip it? I read somewhere here that there is no penalty for missing the January estimated federal payment if you pay due taxes in f...
by eye.surgeon
Fri Nov 02, 2018 12:09 am
Forum: Personal Consumer Issues
Topic: Where to stay to visit Yosemite
Replies: 12
Views: 1305

Re: Where to stay to visit Yosemite

I live in Clovis, the gateway to Yosemite. None of the places I would recommend would fit your budget to be honest (and having a dog will probably eliminate most of them) but all the hotels in the park have their unique charm with the marque property being the Majestic Yosemite hotel, called by all ...
by eye.surgeon
Wed Oct 31, 2018 10:05 pm
Forum: Investing - Theory, News & General
Topic: When do YOU pull the trigger for TLH? [Tax Loss Harvesting]
Replies: 53
Views: 4165

Re: When do YOU pull the trigger for TLH?

How much is 10 minutes of your time worth? I've TLH'ed $300. Why not. I've worked a lot harder for 10 minutes for a lot less.
by eye.surgeon
Thu Oct 25, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: high yield savings account for windfall
Replies: 17
Views: 1875

Re: high yield savings account for windfall

VUSXX - Vanguard US Treasury Money Market is pretty darn good place to park it from an ease of buying, return and safety perspective, and it saves on State Income taxes. I am in the in NJ with an 6.37% tax rate and this beats almost all money markets out there. no muss, no fuss. My household used i...
by eye.surgeon
Sun Oct 14, 2018 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Buy car cash or take low rate loan
Replies: 33
Views: 2021

Re: Buy car cash or take low rate loan

Just a heads up if you post here that you are buying anything more expensive than a mule pulling a covered wagon you will get at least one response telling you how indulgent you are being and that an uncovered wagon would meet your needs just fine. As for paying cash or financing, I'd pay cash. if i...
by eye.surgeon
Wed Oct 10, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Route-66 trip recommendations
Replies: 39
Views: 2379

Re: Route-66 trip recommendations

A popular notion for foreigners who don't realize that route 66 isn't a scenic drive at all. There are lots of beautiful drives in the US--hwy 1, the sierra passes, death valley, tail of the dragon come to mind. Route 66 is not one of them.
by eye.surgeon
Mon Oct 08, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 99
Views: 11016

Re: Debunking Bonds in Taxable

The boglehead wiki here makes the following case for bonds in taxable: The advantages for holding bonds in a taxable account include: 1. Bonds have a lower expected return than stocks, and hence sometimes a lower tax cost. 2. Switching placement when necessary does not incur a large capital gains ta...
by eye.surgeon
Wed Oct 03, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: Barron's Making the Case for Gold
Replies: 153
Views: 13464

Re: Barron's Making the Case for Gold

There's always a case for gold. In fact, it should form the core of everyone's portfolio as a form of universal money -- just in case. 10% or so core holding in gold should be at the heart of any investor's assets. Most here would disagree with this including myself. Try filling your car up with ga...
by eye.surgeon
Sun Sep 30, 2018 11:18 pm
Forum: Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 73
Views: 7968

Re: Do Bonds Go in Taxable?

Good article from forum member whitecoatinvestor... https://www.whitecoatinvestor.com/asset-location-bonds-go-in-taxable/ Summary is bonds in taxable may be the right choice for many here.. yes that article is 4 years old and only deals with taxable vs rIRA. Maybe you'd prefer our own wiki... https...
by eye.surgeon
Sun Sep 30, 2018 2:03 am
Forum: Investing - Theory, News & General
Topic: CAPE-Based Robert Shiller Bought Italy and Spain Indexes in 2015
Replies: 62
Views: 2754

Re: CAPE-Based Robert Shiller Bought Italy and Spain Indexes in 2015

Interesting food for thought for those who view CAPE as a crystal ball.

Also, I'm calling the next correction for tomorrow. If it happens in the next 3 yrs, like Shiller, I will have called it.
by eye.surgeon
Sat Sep 29, 2018 4:23 pm
Forum: Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 73
Views: 7968

Re: Do Bonds Go in Taxable?

Good article from forum member whitecoatinvestor...

https://www.whitecoatinvestor.com/asset ... n-taxable/

Summary is bonds in taxable may be the right choice for many here..
by eye.surgeon
Sat Sep 29, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 148
Views: 19315

Re: Should we stay in Crazytown because there's no where to run?

U.S. stocks are nuts. Shiller CAPE now stands at 33.36 and the only time in history it was higher was Feb, 1998 to Mar 2001 which would have been a wild ride. If you had gotten out of stocks in Feb 1998 you could have stayed out for 12 years and gotten back in at the price you sold, meanwhile makin...
by eye.surgeon
Wed Sep 26, 2018 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Section 179 vehicle purchase vs a new lease
Replies: 3
Views: 453

Section 179 vehicle purchase vs a new lease

Seeking opinions from people familiar with 179 vehicle purchases. I have a work vehicle at the end of a 3 yr lease that qualifies for a section 179 tax credit of $16k federal/$3k state per my accountant if I buy it. Wondering if I can buy it and take the tax credits for 2018, sell it in 2019, and ag...
by eye.surgeon
Tue Sep 25, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Federal Income Tax Payment
Replies: 7
Views: 868

Re: Estimated Federal Income Tax Payment

Our previous CPA advised us to mail the estimates instead of paying online. Just print out the estimated tax payment vouchers, fill it out and include your check. Send it certified mail to the appropriate address for your state. I think your previous CPA needs to join the 21st century. I've been pa...
by eye.surgeon
Mon Sep 24, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is HELOC interest deductible in 2018?
Replies: 8
Views: 1036

Re: Is HELOC interest deductible in 2018?

I wonder what affect this is having on new HELOCs. I assume people will be much less interested in them now that they aren't interest-free piggy banks.
by eye.surgeon
Sat Sep 22, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Has anyone gone to a Retirement Wealth Academy seminar?
Replies: 17
Views: 2842

Re: Has anyone gone to a Retirement Wealth Academy seminar?

They're not selling anything because those whole life insurance vehicles sell themselves. Buy your own lunch, save yourself the headache.