Search found 734 matches

by southerndoc
Sun Jan 20, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Physicians: did you incorporate yourself? Is it worth it?
Replies: 3
Views: 264

Re: Physicians: did you incorporate yourself? Is it worth it?

I don't think any state allows professional liability to be shielded through an LLC.

There really isn't a huge benefit to incorporated. Just a lot of fees paid to your accountant and a lot more paperwork.
by southerndoc
Sun Jan 20, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Solo 401(k): Automatic Investments
Replies: 1
Views: 171

Re: Fidelity Solo 401(k): Automatic Investments

I'm guessing nobody is familiar with this. :(
by southerndoc
Sun Jan 20, 2019 2:16 am
Forum: Personal Consumer Issues
Topic: NY Times $1 per week digital
Replies: 14
Views: 1649

Re: NY Times $1 per week digital

Thanks for posting this! I literally just canceled my subscription tonight because it was $25/month. $4/month is worth it, $25/month isn't.
by southerndoc
Fri Jan 18, 2019 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Solo 401(k): Automatic Investments
Replies: 1
Views: 171

Fidelity Solo 401(k): Automatic Investments

Is there a way to set up Fidelity's Solo 401(k) so that if you send a check in for $3,000 (1,500 each device), 30% is allocated to mutual fund 1, 30% to 2, 20% to 3, etc. I found the automatic investment page, but didn't see an area where we are could set up percentages for investment instead of who...
by southerndoc
Fri Jan 18, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Self-Employed 401(k) Contribution Processing Time
Replies: 10
Views: 195

Re: Fidelity Self-Employed 401(k) Contribution Processing Time

@TheTimeLord, yes Fidelity has the ability to send/receive ACH deposits/withdrawals. I actually prefer their interface and website over Vanguard. However, Vanguard has a small business section that allows electronic contributions for SEP's, Solo 401(k)'s, etc. Individuals can mark the contribution a...
by southerndoc
Fri Jan 18, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Self-Employed 401(k) Contribution Processing Time
Replies: 10
Views: 195

Re: Fidelity Self-Employed 401(k) Contribution Processing Time

I thought it had to be from a business checking account? I have Bank of America as my business (and primary personal) checking accounts. I have a Fidelity cash management account. Unless I use a CMA as my primary business account, I don't see the benefit of transferring from BofA to a personal CMA a...
by southerndoc
Fri Jan 18, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Self-Employed 401(k) Contribution Processing Time
Replies: 10
Views: 195

Fidelity Self-Employed 401(k) Contribution Processing Time

For those of you with Fidelity for your Solo 401(k), how long does it usually take to process contributions? I mailed a check for an employee contribution on 1/11. Fidelity still hasn't processed it (1/18).

I really wish they would allow ACH contributions!
by southerndoc
Tue Jan 15, 2019 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing
Replies: 12
Views: 637

Re: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing

I'm tempted to write a letter to the IRS and ask for clarification. Where would one write since they have so many offices?
by southerndoc
Tue Jan 15, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing
Replies: 12
Views: 637

Re: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing

If it's available to the public, I would prefer to use a separate EIN.
by southerndoc
Mon Jan 14, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing
Replies: 12
Views: 637

Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing

I've been thoroughly confused with my Fidelity Solo 401(k)'s EIN situation. I opened it with my business EIN (sole proprietor/independent contractor). I had read on various websites that the Solo 401(k) needs its own EIN. I finally called Fidelity tonight prior to mailing in my first employee contri...
by southerndoc
Mon Jan 14, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA vs Solo 401k - What am I not getting?
Replies: 28
Views: 1037

Re: SEP IRA vs Solo 401k - What am I not getting?

In such a circumstance nothing prevents you from making the same exact contribution to a one-participant 401k. Isn't the limit across 401k accounts? The employee contribution is limited to the employee -- i.e., only one max contribution can be made. The employer contribution can still be made. So i...
by southerndoc
Mon Jan 14, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA vs Solo 401k - What am I not getting?
Replies: 28
Views: 1037

Re: SEP IRA vs Solo 401k - What am I not getting?

SEP has easier paperwork (no 5500 form to be filed, although that doesn't seem too difficult), doesn't require a business EIN to open, and for some people you can max out contributions based on your income. The only real advantage to a Solo 401(k) for high earners is the catchup contributions. For t...
by southerndoc
Sun Jan 13, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 186
Views: 19600

Re: Fidelity as a one stop shop

I never thought about opening a second cash management account to use as a savings account. The MM funds definitely pay more than what BofA is paying right now.

Has anyone used a CMA as a business checking account?
by southerndoc
Thu Jan 10, 2019 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 186
Views: 19600

Re: Fidelity as a one stop shop

The cash management account allows you to purchase their money market fund, SPRXX, yielding around 2.1%. It will automatically sell some to cover ATM withdrawals, any checks you write, or any bills you pay. Thanks for your response. About this, I was told by chat rep that I cant buy MMF or any fund...
by southerndoc
Thu Jan 10, 2019 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management Account - Investments
Replies: 15
Views: 1101

Re: Fidelity Cash Management Account - Investments

I have (and have contributed to it). Apparently I missed it. Let me read it now. I tried changing my core position, but a popup said that no other options were available for my core position. I thought I had read somewhere on here that people have changed their core positions to Treasuries money mar...
by southerndoc
Thu Jan 10, 2019 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management Account - Investments
Replies: 15
Views: 1101

Fidelity Cash Management Account - Investments

Can someone confirm with the Fidelity Cash Management account that Fidelity will automatically sell investments at the end of the day to cover checks and ATM withdrawals? I've read posts from a search, but many of those were a little older. I wanted to make sure Fidelity hasn't changed anything rece...
by southerndoc
Thu Jan 10, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity "FidSafe" Free online storage of documents - is this safe?
Replies: 49
Views: 8480

Re: Fidelity "FidSafe" Free online storage of documents - is this safe?

I signed up for FidSafe last night. I'm not sure how many documents you can store with 5 GB. I was looking for something that would last a decade or more for storage. Right now I'm using a local NAS (Synology RS815+) with their CloudStation Drive app. Store it in a folder on my computer, it syncs wi...
by southerndoc
Thu Jan 10, 2019 9:48 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65221

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I've had two HealthEquity transfers. The first was started online 11/21 and was received by Fidelity on 12/17. This was for $750. I started another transfer for the entire account on 12/15, waited a little longer to mail the paperwork (mailed maybe 12/23?), and it's still in progress. HealthEquity c...
by southerndoc
Thu Jan 10, 2019 1:48 am
Forum: Personal Finance (Not Investing)
Topic: ug - seeking medical billing advice for ambulance ride
Replies: 45
Views: 3350

Re: ug - seeking medical billing advice for ambulance ride

According to EMTALA, it's up to the sending facility. The migraine came from an ambulance provider about 2 hours from us (by ground).
by southerndoc
Thu Jan 10, 2019 12:49 am
Forum: Personal Finance (Not Investing)
Topic: ug - seeking medical billing advice for ambulance ride
Replies: 45
Views: 3350

Re: ug - seeking medical billing advice for ambulance ride

Just be glad that it was not a helicopter life flight. Having an "out of network" life flight can leave you with a $40,000 bill for what the insurance companies will not cover and this is a common problem. https://abcnews.go.com/US/sky-rage-bills-debt-lawsuits-follow-helicopter-medevac/story?id=376...
by southerndoc
Wed Jan 09, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard quick to close accounts
Replies: 17
Views: 2425

Re: Vanguard quick to close accounts

I just transferred my Merrill Edge account to Fidelity. ME closed my account the same day the transfer went through.
by southerndoc
Wed Jan 09, 2019 1:33 am
Forum: Personal Consumer Issues
Topic: How to save on prescription drug costs?
Replies: 43
Views: 2651

Re: How to save on prescription drug costs?

I recommend GoodRx to patients and also use it myself (I have a $10k deductible, so pretty much all meds are out-of-pocket). Kroger offers a discount service, but you have to pay an annual fee and the savings isn't worth the cost over GoodRx (unless you're on a lot of medications). WellRx is another...
by southerndoc
Tue Jan 08, 2019 6:17 pm
Forum: Investing - Theory, News & General
Topic: Fell in Love with Fidelity
Replies: 60
Views: 6196

Re: Fell in Love with Fidelity

Fidelity has been great for me. So much that I'm moving my IRA's to Fidelity (moving Roth, rolling SEP into SE 401(k), moving wife's Roth/trad IRA for non-deductible contributions). Plan on opening an IRA for non-deductible contributions and Roth conversion mid-year. I've heard some so so things ab...
by southerndoc
Tue Jan 08, 2019 5:26 pm
Forum: Investing - Theory, News & General
Topic: Fell in Love with Fidelity
Replies: 60
Views: 6196

Re: Fell in Love with Fidelity

Fidelity has been great for me. So much that I'm moving my IRA's to Fidelity (moving Roth, rolling SEP into SE 401(k), moving wife's Roth/trad IRA for non-deductible contributions). Plan on opening an IRA for non-deductible contributions and Roth conversion mid-year. I've heard some so so things abo...
by southerndoc
Tue Jan 08, 2019 4:36 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

Wow these are expensive trees. I had never heard of the company before this thread. If I was interested in an expensive tree I would highly look into buying from them. Thanks OP! By the way, they are running some heavy discounts right now which makes sense - after Christmas sales. I would hate to h...
by southerndoc
Tue Jan 08, 2019 12:47 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

They are refunding our money. The representative stated in an email: I apologize that FedEx attempted to deliver to the sidewalk—the are supposed to deliver to the door for our customers and I will pass this information on to our logistics team. With that said, if you do opt for a replacement tree, ...
by southerndoc
Tue Jan 08, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

You should have been prepared for this. Do you not have a tarp or trash bags? It sounds to me like your wife was just upset that the delivery guy wouldn't bring it in the house for her. No tarp. She was upset because he refused to put it on our porch out of the rain. He was going to leave it on the...
by southerndoc
Tue Jan 08, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: Recommendations for a 9mm handgun
Replies: 171
Views: 12636

Re: Recommendations for a 9mm handgun

monkey_business wrote:
Tue Jan 08, 2019 10:35 am
Glock 19.

As reliable as they get. Easy to maintain. Easy to shoot. Not expensive. It's the Corolla of pistols.
I agree. I'm a huge Glock fan. Have several 19's and 23's (.40 cal).
by southerndoc
Tue Jan 08, 2019 11:26 am
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

I left the first guy a $40 tip. My wife didn't offer a tip. I agree it may have helped things along.
by southerndoc
Tue Jan 08, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

Yes, I've seen that page. It makes no reference to restrictions of residential freight delivery.
by southerndoc
Tue Jan 08, 2019 11:06 am
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

It seems completely reasonable to blame BH for your problems with FedEx (even though they too did nothing wrong and delivered according to the terms of their BOL). :confused I know you say that you saw nothing on the website about the freight, but a quick search of their site reveals that is not tr...
by southerndoc
Tue Jan 08, 2019 10:45 am
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

To be honest, we haven't figured out who has the tree as it shows as "delivered" now. My wife is going to call FedEx today to figure it out. Supposedly it was returned to Balsam Hill. If they deliver the tree when I'm at home, I can easily bring it into the house myself (even at 150 pounds). I have ...
by southerndoc
Tue Jan 08, 2019 9:31 am
Forum: Investing - Help with Personal Investments
Topic: SEP IRA to i401k to open up backdoor ROTH
Replies: 11
Views: 316

Re: SEP IRA to i401k to open up backdoor ROTH

You cannot have an active SEP at the same time as a Solo 401(k) under most prototype plans. When I opened my Fidelity Self-Employed 401(k), I didn't make a single contribution last year and adopted the SE 401(k) effective Jan 2018. I'm going to do prior year contributions this year for 2018. I'm go...
by southerndoc
Mon Jan 07, 2019 11:56 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

I lowered my expense ratio and my aggravation by giving up all my holiday decorations over a decade ago. Something about procuring, setting up, taking down, storing, and maintaining a plastic tree never sat quite right with me. So I decided that was someone else's tradition, not mine. The cat just ...
by southerndoc
Mon Jan 07, 2019 11:32 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

Looks like FedEx Freight does offer inside pickup/delivery, but they charge extra. So I'm guessing Balsam Hill probably paid for it on the initial shipment but not the replacement? INSIDE PICKUP OR DELIVERY: Item 566: $13.29 per hundredweight, $140 minimum charge, $1,404 maximum charge. https://www....
by southerndoc
Mon Jan 07, 2019 11:26 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

This isn't a fuse issue. The wire has a short in it. My wife spends countless hours replacing bulbs, fuses, etc. each year and splicing together wires as she hates the look of LED lights and has remained with incandescents. We have received numerous FedEx Freight, Sala Freight, and UPS Freight deliv...
by southerndoc
Mon Jan 07, 2019 10:28 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

You’re right. Spending more money for bad advertising is stupid. Social media and review sites can do this for free. I think I’ll try chargeback first and if no resolution will then have an attorney involved. Even then I may not want to spend the money with it. Our view is that the shipper represent...
by southerndoc
Mon Jan 07, 2019 9:55 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

I'm willing to spend money on this not because I'm ticked off, but because it violates the principles of selling someone a defective product. Balsam Hill's website says nothing of the sort about freight delivery not bringing it into the home. It just says special delivery via freight. (Who knows if ...
by southerndoc
Mon Jan 07, 2019 9:51 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Re: Balsam Hill - Defective Christmas Tree

lgs88 wrote:
Mon Jan 07, 2019 9:23 pm
Sounds like your problem is with FedEx, not Balsam Hill.

Were I you, I'd wait a week and simmer down a bit -- then work it out with Balsam Hill, which sounds like it's making a good-faith effort to resolve the situation.
I've already had a 5-day cooling off period. :)
by southerndoc
Mon Jan 07, 2019 9:14 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2766

Balsam Hill - Defective Christmas Tree

My wife and I are having an issue here with Balsam Hill that I hope we can resolve prior to contacting an attorney. My wife purchased a Christmas tree from them in late November. The tree arrived with a short in it, which we did not find out until after she had decorated the tree. She contacted Bals...
by southerndoc
Mon Jan 07, 2019 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA to i401k to open up backdoor ROTH
Replies: 11
Views: 316

Re: SEP IRA to i401k to open up backdoor ROTH

You cannot have an active SEP at the same time as a Solo 401(k) under most prototype plans. When I opened my Fidelity Self-Employed 401(k), I didn't make a single contribution last year and adopted the SE 401(k) effective Jan 2018. I'm going to do prior year contributions this year for 2018. I'm goi...
by southerndoc
Sun Jan 06, 2019 2:10 am
Forum: Personal Consumer Issues
Topic: Low flow shower head
Replies: 42
Views: 2463

Re: Low flow shower head

I would love to find a 5 GPM shower wand. The 2.5 just isn't enough. Not sure how anyone can use a low-flow shower head/wand, but more power to them. My 10-minute shower is about the only relaxing time I have out of the day, and I certainly don't want to ruin it with a 1 GPM shower head.
by southerndoc
Wed Jan 02, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: AED for the home? [Automated External Defibrillator]
Replies: 22
Views: 1125

Re: AED for the home?

Yes, early defibrillation is about the only thing shown to definitively improve survival to discharge in out-of-hospital cardiac arrests. We have one in our home. I purchased one for my parents and my in-laws. You need to practice using it to be comfortable with it. Our 911 center (which I'm medical...
by southerndoc
Wed Jan 02, 2019 1:13 am
Forum: Personal Finance (Not Investing)
Topic: ug - seeking medical billing advice for ambulance ride
Replies: 45
Views: 3350

Re: ug - seeking medical billing advice for ambulance ride

If I understand correctly this is called balanced billing and is legal in many (most?) states. Yes, its called balance billing. I'm realizing that part of my surprise is because i moved from NY two years ago where this sort of thing is illegal. No wonder why it was a surprise. NY ties payments to t...
by southerndoc
Mon Dec 31, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Front Loading SEP-IRA Contributions
Replies: 1
Views: 106

Re: Front Loading SEP-IRA Contributions

Yes, you can contribute the entire amount as long as your income for the year allows you to do so.
by southerndoc
Mon Dec 31, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can my employEE Solo 401K contribution be funded from 2 separate businesses (S-Corp and LLC)
Replies: 5
Views: 279

Re: Can my employEE Solo 401K contribution be funded from 2 separate businesses (S-Corp and LLC)

As a sole proprietor, yes. For two separate LLC's, you may need two separate 401(k)'s.

Maybe spirit rider can chime in.
by southerndoc
Sun Dec 30, 2018 5:06 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K employee elections
Replies: 11
Views: 830

Re: Solo 401K employee elections

If you need time to get together the money for the contributions. There is a little known fact that may help. You have until the extended tax deadline (10/15) to make the contributions even if you file on time. As long as you file the extension. You can file the extension, file on time deducting th...
by southerndoc
Sat Dec 29, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401K employee elections
Replies: 11
Views: 830

Re: Solo 401K employee elections

If you have enough income to max out your contribution based on employer contributions, can you elect to make no employee contributions?

Can you elect to make employee contributions as max amount but specify to make the contribution at the tax filing deadline (15 October)?
by southerndoc
Fri Dec 28, 2018 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Payment Question
Replies: 18
Views: 1421

Re: Estimated Tax Payment Question

As far as I know, the only penalty for failing to make estimated taxes is interest. I think it's 5-6% APR right now.
by southerndoc
Wed Dec 26, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity HSA Question
Replies: 9
Views: 1258

Re: Fidelity HSA Question

I believe you can open now, and you can go ahead and contribute Jan 1. Basically if you had no HDHP plan until December (i.e., only had it one month out of the year), you can contribute the full amount for the year as long as you still had the plan 12/31. If you keep your HDHP HSA-compatible plan al...