Search found 62 matches

by MedSaver
Sun Oct 27, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: Travel hacking international flights
Replies: 50
Views: 5185

Re: Travel hacking international flights

Do you fly premium economy or higher?

If so, you can save about 15% with amex's international airline program. You'll need a platinum or centurion card though.
by MedSaver
Fri Oct 04, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Transitioning Job - Question about Tail Coverage [Medical malpractice]
Replies: 9
Views: 885

Re: Transitioning Job - Question about Tail Coverage

You can ask your new group to cover nose, but I find that less common than tail. If not already contracted, I would ask your new group to cover tail. Only a few people I know had anything less than unlimited tail after leaving a position. You don't want to be uncovered when some injured kid sues you...
by MedSaver
Sun Sep 15, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Two Chase Sapphire Reserve Cards or one CSR + 1 other
Replies: 12
Views: 1428

Re: Two Chase Sapphire Reserve Cards or one CSR + 1 other

We have one csr and one amex plat through schwab. The combination works for us because we use the csr for most things (restaurants and hotels mainly). We use both Chase and amex travel portals a lot. Sometimes they have the same properties/benefits/prices and sometimes they're different. If you trav...
by MedSaver
Thu Aug 22, 2019 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Young Professionals ... Pay Student Loan or ???
Replies: 10
Views: 1027

Re: Young Professionals ... Pay Student Loan or ???

This sounds exactly like me and my wife 4 years ago (net worth negative several hundred thousand). We refi'd our student loans to about 3% on a 5 year repayment plan and saved very aggressively investing in stocks after saving 3-4 months of emergency funds in cash/bonds. We both did Roth or backdoor...
by MedSaver
Fri Aug 02, 2019 8:11 pm
Forum: Investing - Theory, News & General
Topic: Schwab's Securities Lending Fully Paid (SLFP) program
Replies: 20
Views: 3127

Re: Schwab's Securities Lending Fully Paid (SLFP) program

I realize this is an old thread, but I just wanted to add my 2 cents. Schwab just sent me an offer of a 73% interest rate on loan of 100 shares of stock so there is a massive swing in their offers, apparently dependent on short interest. Schwab's estimate is $1100 per month of income through this pr...
by MedSaver
Sat May 18, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing medical school loans?
Replies: 19
Views: 1913

Re: Refinancing medical school loans?

There is some opportunity cost to paying off the loans too quickly. DW and I refi'd 4 years ago into a fixed 5 year plan (wasn't going to be eligible for pslf) even though it's possible that we could have paid them off in 2-3 years. So far, the bet has paid off as our retirement savings growth has f...
by MedSaver
Mon May 13, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: long term disability insurance- strategies for managing cost?
Replies: 10
Views: 833

Re: long term disability insurance- strategies for managing cost?

Hard to know without more info but it doesn't seem outrageous. As a physician, I pay about $6k per year for own occupation and a bunch of riders.
by MedSaver
Fri May 10, 2019 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Rental Bidding War
Replies: 20
Views: 2875

Re: Rental Bidding War

Thanks for all the replies. In the end we just decided to act normally without offering more. We were offered the rental, so it worked out. This was probably due to a combination of our current landlord reaching out to the new one, our turnaround time on the application of less than 24 hours and a s...
by MedSaver
Thu May 09, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Bidding War
Replies: 20
Views: 2875

Rental Bidding War

DW and I will be moving in the next few weeks. We are planning to rent a SFH for at least a year and are currently in the process of finding a rental. There is MUCH more interest than we expected for this region. We are visiting homes with 3-5 other potential renters. In one home, one of the other v...
by MedSaver
Mon Apr 01, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: CA HSA Question
Replies: 4
Views: 337

Re: CA HSA Question

Great. Thanks guys.
by MedSaver
Mon Apr 01, 2019 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: CA HSA Question
Replies: 4
Views: 337

CA HSA Question

I can't find the answer to this specific question. My employer made a 2018 HSA contribution in March of 2019. I live in California and I understand it treats such contributions as earned income. But would this be for 2018 or 2019? Thanks
by MedSaver
Wed Mar 20, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Patent an idea and find investors.
Replies: 31
Views: 2044

Re: Patent an idea and find investors.

You can try a patent marketing group like Lambert&Lambert. You don't even need the patent approved or pending to submit it to them (although that might help). Costs $200 to submit an idea and they will provide you some sort of marketing report on the viability of your proposal. If they decide to mar...
by MedSaver
Wed Mar 06, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pharmacist - Need advice
Replies: 27
Views: 2549

Re: Pharmacist - Need advice

If she is willing to do 1-2 years of residency, she can go to clinical pharmacy. There are a few sweet gigs to be had like oncology pharm (outpatient with bankers hours) or poison control (low stress). Otherwise inpatient pharmacy isn't terrible and she could work for a hospital system or academics ...
by MedSaver
Sat Feb 23, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ring Shopping
Replies: 82
Views: 4623

Re: Ring Shopping

Consider a jewelry auction at a reputable house. You can get a 2-3 carat platinum ring for less than $12k.

E.g. https://www.bonhams.com/auctions/25097/ ... =90&page=1

2.9 ct for $10,650 including 25% buyer's premium. A similar stone at retail would be several multiples.
by MedSaver
Wed Feb 20, 2019 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Unusual Insurance Situation
Replies: 10
Views: 1491

Re: Unusual Insurance Situation

I think it really comes down to whether your relative would be considered to be a permissive user or an occasional user of the vehicle. Did the umbrella ask about the details of the arrangement with lending to the relative? If your relative always checks with you before using the secondary home (an...
by MedSaver
Tue Feb 19, 2019 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Unusual Insurance Situation
Replies: 10
Views: 1491

Re: Unusual Insurance Situation

Just some follow up. Geico auto added my relative to my policy as an additional driver at the same time as the new car. He said the premium increase only reflected the new car. When I asked about liability, he said that it would default to my relative's current policy if they are in an accident. I s...
by MedSaver
Sun Feb 17, 2019 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Unusual Insurance Situation
Replies: 10
Views: 1491

Unusual Insurance Situation

So I currently have auto and umbrella with Geico. We will shortly be adding a new vehicle and instead of selling our old car, we will be moving it to a different location to be driven on occasion (think vacation home). One of my relatives who does not live with us would like to use the car rarely (3...
by MedSaver
Sat Feb 16, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Get an umbrella and reduce limits on vehicle coverage?
Replies: 23
Views: 1063

Re: Get an umbrella and reduce limits on vehicle coverage?

neilpilot wrote:
Sat Feb 16, 2019 3:53 pm

This isn't an unusual situation, and typically the 2 carriers would work out a single pro-rated defense and/or settlement plan. Not really a big mess based on 2 examples of similar occurrences that I'm familiar with.
That's reassuring to hear. Thanks!
by MedSaver
Sat Feb 16, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Get an umbrella and reduce limits on vehicle coverage?
Replies: 23
Views: 1063

Re: Get an umbrella and reduce limits on vehicle coverage?

I’d heard that most insurers won’t write an umbrella unless most or all of your liability-bearing policies (auto/home/etc.) are with the same company for exactly these reasons. I think GEICO is an exception because they do not write their own home/renter policies but act as a broker. I agree it wou...
by MedSaver
Sat Feb 16, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Get an umbrella and reduce limits on vehicle coverage?
Replies: 23
Views: 1063

Re: Get an umbrella and reduce limits on vehicle coverage?

You'll also need to review your renter's/homeowner's policy to ensure there's no gaps. My renter's policy is separate from Geico and they just told me the minimums, but didn't verify that coverage.
by MedSaver
Sat Feb 16, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Get an umbrella and reduce limits on vehicle coverage?
Replies: 23
Views: 1063

Re: Get an umbrella and reduce limits on vehicle coverage?

sixty40 wrote:
Sat Feb 16, 2019 10:26 am
For Geico umbrella, I think you need minimum 300/600 for all autos.
Geico is 300/300 for umbrella.
by MedSaver
Tue Feb 12, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Best uses of Chase Ultimate Rewards Points
Replies: 18
Views: 2577

Re: Best uses of Chase Ultimate Rewards Points

If you don't want to do the legwork for best use, you can hire people to do that for you. Obviously you'd have to decide if a free (or heavily discounted) business/first class flight would warrant the added cost (I have seen estimates of $75-$150 per reward ticket).
by MedSaver
Sun Dec 30, 2018 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Best way to pay off med school loans
Replies: 18
Views: 1707

Re: Best way to pay off med school loans

"She was at a for profit institution for the first 5 years and while she will be in a not for profit for the next 5 with our combined income would be phased out of the program. " I'm not sure what you mean you'll be "phased out of the program" based on combined income. There is no salary cap for psl...
by MedSaver
Sat Dec 29, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay off med school loans
Replies: 18
Views: 1707

Re: Best way to pay off med school loans

Is she going to be at a pslf-eligible institution for fellowship? If so, consider starting that process, assuming she will continue for the requisite 6 years at a non-profit after she is an attending.
by MedSaver
Fri Dec 28, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to understand my wife's dental school loans
Replies: 26
Views: 2612

Re: Trying to understand my wife's dental school loans

Definitely not normal, at least for MD/DO. Last I heard avg med school debt is $200k-300k.
by MedSaver
Sun Dec 23, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Disability Ins.
Replies: 3
Views: 529

Re: Question about Disability Ins.

Generally, this type of policy is not "own occupation", which means you must be unable to perform ANY job in order to receive a benefit (flipping burgers, telemarketer, etc.). This is much less valuable than a policy which covers you in whole or part for being unable to perform your job as a doctor,...
by MedSaver
Tue Dec 18, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Loan and Buy vs Rent (already searched forums)
Replies: 33
Views: 2208

Re: Physician Loan and Buy vs Rent (already searched forums)

If literally every rent vs buy calculator is telling you to rent, there's a reason. It's probably because renting is cheaper for your situation. You said that you felt the calculators were not accounting for equity, but most of the calculators I'm aware of do account for this (e.g. NYT's calculator ...
by MedSaver
Wed Aug 22, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - again
Replies: 49
Views: 4762

Re: Umbrella insurance - again

$440 for $3MM. We are very low risk though.
by MedSaver
Sat Jul 07, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor for a Little Bit/One Quarter
Replies: 7
Views: 943

Re: Financial Advisor for a Little Bit/One Quarter

Most will do a one time evaluation for a set fee and then you're on your own. They will provide asset allocations for you and you do the legwork. If you want them to actually manage/move money on your behalf I imagine it would be more expensive but I've not come across one that would do that on a on...
by MedSaver
Fri Jun 01, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Umbrella Insurance Policy
Replies: 18
Views: 2299

Re: Value of Umbrella Insurance Policy

BolderBoy wrote:
Fri Jun 01, 2018 5:39 pm
LuigiLikesPizza wrote:
Fri Jun 01, 2018 12:17 pm
I carry the following limits on my auto policy - $300/$300/$50
Is the "50" = $50k property damage? If so, it is way too low. You total my new Mercedes and you'll be paying a bunch out of pocket, too.
Isn't that what the umbrella is for?
by MedSaver
Tue May 29, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3521

Re: Should I buy into this medical practice?

I've never seen GREAT monetary opportunities extended to nonpartner/nonshareholders. If it was such a great opportunity, don't you think the partners would just have bought it up for themselves? Plus you're presumably going to be buying into your share when/if you make partner right? Also, most plac...
by MedSaver
Sat May 19, 2018 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 5478

Re: Surgeon salary vs owning a business salary/profit?

Once you start the medicine path, very few don't make it to the end since getting in is very difficult. A few percent will drop out in med school because they hate it or they can't cut the academic rigors or it's too hard on their family. But Almost no one "leaves" once they are in residency. Some w...
by MedSaver
Thu May 17, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - value of "future earnings"?
Replies: 3
Views: 475

Re: Umbrella Insurance - value of "future earnings"?

My wife and I are in medicine and have $3MM in umbrella coverage even though our net worth is nowhere near that. I graduated fellowship recently and our incomes have sort of skyrocketed so it is peace of mind. We also drive older cars and remove anything that would outwardly indicate our profession....
by MedSaver
Mon May 14, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 15658

Re: New(ish) attending physicians in the Bay Area: Housing

Just out of curiosity, those that have or advocate a “1-2 hour” commute, how exactly do you take emergency call? My patient would be dead by the time I got there in 1-2 hours. Those physicians I know with that commute have positions either without call, can "remote" in, have residents/fellows who c...
by MedSaver
Sun May 13, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 15658

Re: New(ish) attending physicians in the Bay Area: Housing

I am an MD in CA and know several dual health professional couples in the bay area who have purchased homes between $1-2MM within the past 2 years. They either purchased new "starter" homes (you know the type - standard layout, narrow, but 3 stories tall and connected to other similar units) close t...
by MedSaver
Sat May 05, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve possible changes
Replies: 16
Views: 2576

Re: Chase Sapphire Reserve possible changes

I'm looking forward to way less crowded lounges.
by MedSaver
Sun Mar 04, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 59
Views: 9391

Re: Do we need disability insurance

My LTD pays max benefit if certain conditions occur like paralysis, loss of: 2 feet, one hand, eyesight, hearing, etc. Even if I can still do some or all of my job. In your situation I would keep it.
by MedSaver
Fri Mar 02, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed After Rear Ended Collision
Replies: 31
Views: 4291

Re: Advice Needed After Rear Ended Collision

This got me thinking..... I also have an umbrella through GEICO. If they are bad at covering car repairs, shouldn't they follow the same process with umbrella and property insurance? I may need to reconsider our frugality. :annoyed In the setting of umbrella coming into play presumably the insured ...
by MedSaver
Fri Mar 02, 2018 3:39 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed After Rear Ended Collision
Replies: 31
Views: 4291

Re: Advice Needed After Rear Ended Collision

My wife was in a very similar situation having been rear ended by a driver with no name insurance and us having Geico. Geico was literally useless. Eventually it worked out but California has strict consumer laws regarding insurance so that may have helped.
by MedSaver
Wed Feb 14, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 59
Views: 9391

Re: Do we need disability insurance

I'm confused. The max payout is 5 years? That seems like an expensive premium for such a limited time. You say you can self insure for 5 years but if the benefit only pays for 5 years you'll need to self insure from 5 years to death or medicare which could be a much longer time than 5 years.
by MedSaver
Tue Feb 13, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Profit Sharing Plans
Replies: 0
Views: 459

Profit Sharing Plans

Our small physicians group has a profit sharing plan that is fully funded every year. The plans are self-directed and I was told to setup a plan as I now qualify for profit sharing. I was sent the SPD and that is it. I have Schwab and Vanguard accounts and would prefer to use them, if possible, but ...
by MedSaver
Tue Jan 09, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 295
Views: 40189

Re: Do you have an umbrella policy?

gasdoc wrote:
Sun Sep 17, 2017 4:43 pm
Do plaintiff attorneys know how much of an umbrella you have in a malpractice case?

gasdoc
I'm pretty sure umbrella excludes professional liability like malpractice, so it doesn't matter what your umbrella limit is.
by MedSaver
Tue Jan 02, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 68
Views: 9588

Re: State Farm vs Geico

I can only speak about the car insurance part. Had State Farm for decades. Finally decided it was time to look around. Geico gave me a price significantly lower and that was for better coverage. So I let my State Farm agent see the Geico quote and she said they were unable to match or beat it. So I...
by MedSaver
Sat Dec 30, 2017 2:02 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance Riders/Waivers
Replies: 11
Views: 843

Re: Disability Insurance Riders/Waivers

Yeah I think max coverage is around 60%. Whether or not your benefits are taxed depends on if you are paying the premiums pre or post tax.
by MedSaver
Wed Dec 27, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Car Accident Insurance Question
Replies: 12
Views: 1346

Re: Car Accident Insurance Question

Thanks for the continued responses. We filed a police report (online) and got a repair estimate. The estimate is for $1400 but this was just eyeballing it. Who knows if it will be more. I suspect it is more like $2000. I guess the question now is should we just repair it out of pocket so we can stop...
by MedSaver
Tue Dec 26, 2017 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Car Accident Insurance Question
Replies: 12
Views: 1346

Re: Car Accident Insurance Question

Thanks for your help guys. We literally cannot get hold of this other company. We call, email, write and have never received a response. Calls are immediately sent to voicemail. The initial claim report from them started with, "We have attempted to contact you multiple times without success. Please ...
by MedSaver
Mon Dec 25, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Car Accident Insurance Question
Replies: 12
Views: 1346

Re: Car Accident Insurance Question

Thanks for the replies. We will file a police report and take the car into a shop to get an estimate. We do not have collision (just dropped it - d'oh!). The car rental is only about $25/day so we can swing that for a few weeks, but we just are getting concerned about the amount of time that is elap...
by MedSaver
Mon Dec 25, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Car Accident Insurance Question
Replies: 12
Views: 1346

Car Accident Insurance Question

My wife got rear ended about 3 weeks ago. The accident was immediately reported to both insurance companies. The car still runs, but the rear end is pretty messed up and we aren't sure that parts won't start to fall off so we have been renting a car at our expense. It is currently awaiting repair at...
by MedSaver
Mon Dec 11, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford? (First Home)
Replies: 27
Views: 3447

Re: How much house can I afford? (First Home)

My wife and I love the area we're in and we're going to be here at least six more years maybe more due to her medical school/residency situation. Rent. I've been through the entire medical training process. You have no idea where you'll be after medical school wraps up. It's not worth buying a hous...
by MedSaver
Sun Nov 26, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pay this off now or not?
Replies: 33
Views: 3286

Re: Pay this off now or not?

"One thing you might do is work the extra hours until you have the extra $100K saved up and then decide what to do. There would be a huge difference in your situation if you have the money set aside in a separate account to pay it off at any time if you wanted to and you were asking if you should pa...