Search found 313 matches

by eye.surgeon
Thu May 17, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Cancelling term life insurance policies paid annually, will I get a refund
Replies: 9
Views: 738

Re: Cancelling term life insurance policies paid annually, will I get a refund

Pajamas wrote:
Thu May 17, 2018 11:35 pm
What do the policies say about refunds?
I've looked through the policy and don't see this issue addressed. I thought perhaps others here might have personal experience doing this.
by eye.surgeon
Thu May 17, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Cancelling term life insurance policies paid annually, will I get a refund
Replies: 9
Views: 738

Cancelling term life insurance policies paid annually, will I get a refund

I am replacing 2 term life insurance policies, one with Northwestern Mutual and the other NY life, with a single lower-rate policy. I've paid these premiums annually unfortunately. My new insurance agent is telling me they will refund my unused premiums, but a search here and a google search seems t...
by eye.surgeon
Sun May 13, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Two Fund or A Managed Portfolio?
Replies: 13
Views: 853

Re: Vanguard Two Fund or A Managed Portfolio?

Vanguard 2 fund or other suggestions above.
by eye.surgeon
Thu May 10, 2018 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: Using Vanguard Wellesley for Emergency Fund $30k, reinvest dividends in taxable???
Replies: 9
Views: 1379

Re: Using Vanguard Wellesley for Emergency Fund $30k, reinvest dividends in taxable???

I would not use Wellesley in a taxable account - too tax inefficient. And I prefer sending dividends to a sweep account until there is enough to make a significant contribution (my taxable funds haven’t generated cap gains in years, which is one reason for using them). It's more tax efficient than ...
by eye.surgeon
Thu May 10, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Using Vanguard Wellesley for Emergency Fund $30k, reinvest dividends in taxable???
Replies: 9
Views: 1379

Re: Using Vanguard Wellesley for Emergency Fund $30k, reinvest dividends in taxable???

One down side to reinvesting dividends is it makes tax loss harvesting more difficult due to the 30 day rule. If you don't plan to tax loss harvest at any point, I'd say reinvest the dividends for your purposes.
by eye.surgeon
Thu May 10, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: Picking up New Subaru-Worth buying extended warranty?
Replies: 33
Views: 2045

Re: Picking up New Subaru-Worth buying extended warranty?

What, no undercoating?

Just say no.
by eye.surgeon
Tue May 08, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: New car for my wife
Replies: 25
Views: 2626

Re: New car for my wife

Unless you live at the end of an unplowed mountain road, it's highly unlikely that you need AWD/4WD. A disposable front wheel drive commuter car with snow tires will cost much less to own. Get a Camry/accord/altima or some other disposable commuter box, replace every 150k miles or so. And don't give...
by eye.surgeon
Thu May 03, 2018 11:04 pm
Forum: Personal Consumer Issues
Topic: 2019 Corolla Hatchback
Replies: 9
Views: 1039

Re: 2019 Corolla Hatchback

Haven't driven it obviously since it's brand new but I've watched all the reviews and I think it looks great. I'm a big fan of hatchback practicality, plus it has a European coolness to it. Only thing I don't like is the CVT but not a deal breaker for an economy car. I'd way rather have this than th...
by eye.surgeon
Tue May 01, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting (TLH) for tax-exempt bonds
Replies: 17
Views: 1304

Re: Tax loss harvesting (TLH) for tax-exempt bonds

eye.surgeon wrote:
Mon Apr 30, 2018 10:42 pm
Does anyone know if Vanguard California Municipal Money Market Fund (VCTXX) is subject to the 6 month rule?
:oops: I copied and pasted the wrong fund name-- I meant the Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX)
by eye.surgeon
Mon Apr 30, 2018 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting (TLH) for tax-exempt bonds
Replies: 17
Views: 1304

Re: Tax loss harvesting (TLH) for tax-exempt bonds

Does anyone know if Vanguard California Municipal Money Market Fund (VCTXX) is subject to the 6 month rule? Are you not able to check its prospectus for the periodicity of dividend declaration per the citation in The529guy's post above? It simply states dividends are paid monthly. It doesn't say wh...
by eye.surgeon
Mon Apr 30, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting (TLH) for tax-exempt bonds
Replies: 17
Views: 1304

Re: Tax loss harvesting (TLH) for tax-exempt bonds

Does anyone know if Vanguard California Municipal Money Market Fund (VCTXX) is subject to the 6 month rule?

EDIT -- accidentally copied and pasted the wrong fund. I meant the Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX)

:oops:
by eye.surgeon
Sun Apr 29, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting (TLH) for tax-exempt bonds
Replies: 17
Views: 1304

Re: Tax loss harvesting (TLH) for tax-exempt bonds

Be aware of an obscure tax rule involving sales of tax-exempt funds for losses with a less than 6-month holding period. You have to add back any distributions to the proceeds on your Schedule D. in regards to your fear of concentrating bond holdings in a single state, consider that California itself...
by eye.surgeon
Fri Apr 27, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Capital One now at 1.60 [Money Market Rate To 1.60% APY]
Replies: 40
Views: 3115

Re: Capital One now at 1.60

I just moved all parked cash from Cap One to Vanguards California tax exempt muni money market fund, SEC is current 1.47% . money market funds are finally returning some interest.
by eye.surgeon
Thu Apr 26, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 10110

Re: Wedding - financial burden on couple and attendees

Expensive elaborate weddings are a terrible way to begin a life together. Both my and my wife's parents are well-off and when we got married 25 years ago it was in her parent's back yard and probably cost $5,000 all-in, including her dress. Doesn't answer your question but it felt good getting that ...
by eye.surgeon
Wed Apr 25, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Should I open a Goldman sachs 1.6% savings account?
Replies: 23
Views: 1764

Re: Should I open a Goldman sachs 1.6% savings account?

I've been happy with Goldman Sachs, although I just moved a bunch of cash from them into a Vanguard California municipal money market fund because it's tax free and with SEC returns of 1.47% recently, real returns have exceeded online savings accounts.
by eye.surgeon
Wed Apr 25, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: New car pickup today.
Replies: 48
Views: 3190

Re: New car pickup today.

No and heck no.
by eye.surgeon
Wed Apr 25, 2018 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Credit card that offers high limit for no fee balance tranfers
Replies: 16
Views: 903

Re: Credit card that offers high limit for no fee balance tranfers

While not directly addressing your question, let me state the obvious-- you're better off not using 0% offers to play musical chairs with credit card balances. As attractive as "free money" is at first blush, there's enough potential gotchas playing that game to make it not worth your effort.
by eye.surgeon
Tue Apr 24, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Building a New Home (Talk me out of it!)
Replies: 61
Views: 4535

Re: Building a New Home (Talk me out of it!)

Sounds to me that what you really want is someone to talk you into buying the lot and building a big house. There is no reason you couldn't buy the lot and build a house just like the one you have now. You seem to be creating the "necessity" of building a big house on the lot yourself. Your wife ju...
by eye.surgeon
Mon Apr 23, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 128
Views: 19178

Re: Is it time to dump high yield savings for prime money market?

I just moved cash out of my GS 1.6% savings into Vanguards California muni tax exempt MM fund, being in the highest tax bracket the rates are finally competitive with online savings accounts.
by eye.surgeon
Mon Apr 23, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10093

Re: Salary Negotiation gone sour

As someone who employs almost 100 people, I can tell you that I don't go back and forth on salary negotiations. I offer what I think is fair and reasonable, and may (rarely) consider a counter-offer for more. Back and forth more than once, never. I'm not a used car salesman and those making the offe...
by eye.surgeon
Mon Apr 23, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Factor Investing - A convincing article
Replies: 67
Views: 5984

Re: Factor Investing - A convincing article

I can't tell from reading that article whether he is advocating for owning total market or tilting to small cap value. Seems like he is arguing for both :confused Can someone smarter than me fill me in.
by eye.surgeon
Sat Apr 21, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Where to purchase a new iphone
Replies: 5
Views: 527

Re: Where to purchase a new iphone

Order it from Apple online, transfer your data yourself. It's easy.
by eye.surgeon
Fri Apr 20, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 86
Views: 4904

Re: Factor in evaluating Physicians

I could cut pharmaceutical costs in the US by 25% within a year with a one sentence Bill : "no prescription medication can be marketed directly to consumers". This will never happen by the way. Instead there is a 10 inch thick rulebook about a doctor eating a sandwich or taking a pen. I don't know i...
by eye.surgeon
Thu Apr 19, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Small Cap Value Tilt in Roth IRA or 401k?
Replies: 3
Views: 448

Small Cap Value Tilt in Roth IRA or 401k?

I'm thinking about introducing a small small cap value tilt in my current traditional 3 fund portfolio. I have assets in taxable, Roth IRA, and 401k. Am I correct in assuming that I should put this small cap value in the Roth because it has the greatest potential for growth?
by eye.surgeon
Wed Apr 18, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to argue for S&P
Replies: 15
Views: 1042

Re: How to argue for S&P

alex11 wrote:
Wed Apr 18, 2018 7:53 pm
stuper1 wrote:
Wed Apr 18, 2018 7:44 pm
If a fund has outperformed over the last 10 years, there's probably a better than even chance that it will underperform over the next 10 years.
Is there any logic behind this statement?
Yes, it's called regression to the mean.
by eye.surgeon
Sun Apr 15, 2018 2:50 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11601

Re: We crush stock indexes, Yale claims

Defending the indefensible when you cut through all the fund-manager spin.
by eye.surgeon
Wed Apr 11, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 17357

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

Your emergency fund is too large. Target 1 year expenses and even that is probably too much given your net worth.
by eye.surgeon
Tue Apr 10, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: New Lexus LS or Tesla Model S
Replies: 63
Views: 4407

Re: New Lexus LS or Tesla Model S

Don't know which is right for you but I've had my Model S 3.5 yrs and been very happy with it.
by eye.surgeon
Tue Apr 10, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13232

Re: Ivy school education. Is it worth it?

My experience as a Physician is that the cost of your education is inversely proportional to income. The Ivy league schools produce a disproportionate amount of academics that make less than private practice, and the bottom tier private schools and foreign schools are for-profit and cost a lot and t...
by eye.surgeon
Mon Apr 09, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Have a question regarding investments in my taxable portfolio
Replies: 8
Views: 454

Re: Have a question regarding investments in my taxable portfolio

Allow me to point out that for those like you (and me) in the highest tax bracket, holding your bonds in taxable makes a whole lot of sense. See the link...

https://www.whitecoatinvestor.com/asset ... /#comments
by eye.surgeon
Sun Apr 08, 2018 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation w/ Special Needs Child
Replies: 16
Views: 893

Re: Asset Allocation w/ Special Needs Child

I have a 16 yr old autistic son who will be a dependent for life. It hasn't changed my asset allocation but it has involved resetting my savings goals to be more aggressive as there will be 3 of us instead of 2. Keep in mind that at age 18 he will qualify for both medicaid and SS for life. Doesn't s...
by eye.surgeon
Fri Apr 06, 2018 3:07 pm
Forum: Personal Consumer Issues
Topic: Any Opticians/Optometrists on the board? - refurbishing Trivex lenses
Replies: 2
Views: 334

Re: Any Opticians/Optometrists on the board? - refurbishing Trivex lenses

I'm an ophthalmologist, you won't be able to repair them in any meaningful way. Time for a new pair.
by eye.surgeon
Thu Apr 05, 2018 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 39
Views: 4527

Re: Who uses the 3 fund portfolio ?

I use a 3 fund portfolio. Not too simple, not too complex, and relatively easy to maintain among my 401k, IRAs, and taxable accounts.
by eye.surgeon
Tue Apr 03, 2018 11:49 am
Forum: Personal Consumer Issues
Topic: Physcian specialty question - not advice
Replies: 12
Views: 1597

Re: Physcian specialty question - not advice

No, it is NOT necessarily the same. After medical school, some doctors undergo a 5-year residency in ENT. (ENT = Ears/Nose/Throat = otolaryngology). Some doctors, after these 5 years of residency, pursue an ADDITIONAL 2 year fellowship in head/neck surgery. So someone that calls themselves a Head/n...
by eye.surgeon
Tue Apr 03, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 913
Views: 72065

Re: To take or not to take delivery of Tesla 3

I have no crystal ball as to the future of Tesla as a company. I do know that my Model S converted this right wing Republican BMW-loving gas-burning gearhead to a EV driver for life. One drive in a model S opened my eyes to the superiority of EVs, I've had my Model S 3.5 years and have yet to perso...
by eye.surgeon
Tue Apr 03, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 913
Views: 72065

Re: To take or not to take delivery of Tesla 3

I have no crystal ball as to the future of Tesla as a company. I do know that my Model S converted this right wing Republican BMW-loving gas-burning gearhead to a EV driver for life. One drive in a model S opened my eyes to the superiority of EVs, I've had my Model S 3.5 years and have yet to person...
by eye.surgeon
Thu Mar 29, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: Mystery: Gas bill says therms increased 33% year over year but temperature stayed the same. Why?
Replies: 26
Views: 1785

Re: Mystery: Gas bill says therms increased 33% year over year but temperature stayed the same. Why?

Any visitors/guests that month? An extra hot shower per day will noticeably raise your gas bill. Were you out of town for part of this month last year? Same thing.
by eye.surgeon
Wed Mar 28, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 6640

Re: Question for physicians-- is my taking call worth it?

OP, What percentage of your total yearly compensation is tied to your call weeks vs. outpatient practice? Call income was about 12% of my income last year. Doesn't sound like much but I have a high income and that 12% goes a long way towards aggressive saving. As I mentioned thanks to some good fee...
by eye.surgeon
Tue Mar 27, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 6640

Re: Question for physicians-- is my taking call worth it?

Some thoughtful and helpful responses to my post. As a result I am planning to reduce my private practice schedule during that week, which should allow me some more sleep as well as working less than 16 hrs a day. Since my income from call is (gross income-taxes), and my income from private practice...
by eye.surgeon
Mon Mar 26, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 6640

Re: Question for physicians-- is my taking call worth it?

As you describe it, no. Not worth it. However, if you have some control over the structure of your practice, I could see ways that it makes some sense. For instance, what if you took a week off after every week of call that you took? Would the increase in family/free time during an additional week ...
by eye.surgeon
Mon Mar 26, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 6640

Question for physicians-- is my taking call worth it?

I'm an ophthalmologist in private practice for 16 years and enjoy my job with no signs of burnout and a healthy income. 5 years ago my group contracted with multiple hospitals including some county-type hospitals in the region with a high trauma volume, mostly uninsured/indigent type patients, to ta...
by eye.surgeon
Sat Mar 24, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 12274

Re: Seasoned bogleheads repressing the thought of lower expected returns

Are seasoned bogleheads on this forum repressing the prospect of hardly positive real returns for the next decade, because its painful to acknowledge? Predicting future returns is impossible. I worry about what I can control. I can survive on aggressive savings if I have to, but I doubt I will have...
by eye.surgeon
Sat Mar 24, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Talk some sense/cents into me- new car purchase
Replies: 44
Views: 3120

Re: Talk some sense/cents into me- new car purchase

I would second the advise not to own 3 dogs. It's expensive and unduly influences multiple important decision like where to live or rent, what to drive, where and how to vacation etc.
by eye.surgeon
Mon Mar 19, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 16812

Re: Bought house six months ago - now feeling like we're treading water and can't save money

Religious obligation? One can donate time. Jesus appreciates that just as much. Maybe the church doesn't Certain churches -- especially the big one in Utah -- get their donations from you via payroll deductions. It's an automatic minimum X% of your income -- you can only opt to increase the amount ...
by eye.surgeon
Fri Mar 16, 2018 10:59 pm
Forum: Personal Consumer Issues
Topic: Paging BH Gearheads: Reasonable Net Worth for Exotic
Replies: 104
Views: 6602

Re: Paging BH Gearheads: Reasonable Net Worth for Exotic

I'm impressed that at age 34 you have 10 times your income in an investment account. That's not easy to do. As for an exotic car, at your income, never. I'd consider it if you added another zero to your paycheck. I'm also a big gearhead and I've had lots of performance/luxury cars, albeit with a muc...
by eye.surgeon
Fri Mar 16, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11281

Re: Terminal illness with small kids

A sad situation that serves as a reminder that a full-time parent should be insured if their loss would result in the need for a nanny. I recently did this for my wife in the form of a $500k term policy. Literally cheap insurance.
by eye.surgeon
Thu Mar 15, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 268
Views: 33112

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

The quest to meet strict EPA fuel economy requirements is creating myriad reliability issues, some of which won't show up for years. Direct injection is only one. All these little low displacement turbo engines are highly stressed, and 100% of these turbos will fail eventually. If you're looking for...
by eye.surgeon
Tue Mar 13, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 139
Views: 12908

Re: New Car: Ever make sense to lease?

I'm surprised how little comment there is on a clear advantage for leasing for some people , deducting the lease as a business expense if able. I can and I do. It saves me thousands a year over buying. Often I will buy them at the end of the lease. Thought you were a surgeon? How are you able to le...
by eye.surgeon
Tue Mar 13, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey on Bonds
Replies: 107
Views: 8990

Re: Dave Ramsey on Bonds

I think some of Dave Ramsey’s principles are fine, and even good for people that are generally not good and disciplined with their money. He is very debt-averse. However, for truly increasing net worth, it is worthwhile to buy a home with a 15 year 3.5% mortgage if that means you also have that mon...
by eye.surgeon
Tue Mar 13, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey on Bonds
Replies: 107
Views: 8990

Re: Dave Ramsey on Bonds

Advice for a preschooler, like never cross the street without holding an adult's hand, doesn't always apply to a college graduate. Dave's advice is directed at financial preschoolers. Nothing wrong with that, it describes at least half the population.