Search found 56 matches

by TheMadEph
Wed Jun 05, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Failed land investments and what to do with it?
Replies: 139
Views: 8943

Re: Low ball offer to buy my useless land, take it or leave it?

i like the goat idea. Or put it into a conservation easement?
by TheMadEph
Wed Jun 05, 2019 2:55 pm
Forum: Personal Investments
Topic: Has anyone recently transferred shares from Computershare to Vanguard?
Replies: 10
Views: 1001

Re: Has anyone recently transferred shares from Computershare to Vanguard?

I did it to Vanguard about 2 years ago, and it was a bit of a hassle. I had to have a couple of phone calls with Computershare and they were not very efficient or effective. Lost all of the data on cost basis of course, so will have to eventually donate all of those shares to the DAF probably. But s...
by TheMadEph
Wed May 29, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14825

Re: Fun paid jobs after FIRE

There are no "jobs" after FIRE. If you have a job, you aren't FIRE'd. Sure, you can have one or many hobbies. If your idea of a hobby is to put on a fancy red vest and play the "expert" at ACE, then more power to you! :beer Many people don't agree with this. For many, FIRE means you have the freedo...
by TheMadEph
Tue May 28, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 62
Views: 7194

Re: “Upsizing” are we foolish?

What about getting a country house/vacation house if you are feeling cramped? Buy one a few hours away if you think you will use it enough. I don't know if you guys travel a bunch, but if you are feeling cramped in normal everyday life, a weekend house could be a good compromise (especially if that ...
by TheMadEph
Thu May 23, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: Why it doesn't matter if Tesla survives
Replies: 21
Views: 1854

Re: Why it doesn't matter if Tesla survives

If Tesla goes ker-flush, the only people who'd care are Musk/ Tesla fan boys (who are also stock holders). I was never impressed with Elon Musk, unlike his fan-boy entourage. People seem to think he's a modern-day Edison. Yet, Elon Musk has not invented anything. Ever. His primary claim to riches a...
by TheMadEph
Wed May 22, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my student loans early?
Replies: 22
Views: 2077

Re: Should I pay off my student loans early?

I would not pay off anything early if I weren't already maxing out tax-advantaged retirement accounts including Roth, 401k, and HSA. If you're doing all of that then sure, why not go ahead and pay it off? +1 I am on board as long as you are contributing the maximum to retirement accounts first. Oth...
by TheMadEph
Tue May 21, 2019 5:02 pm
Forum: Personal Investments
Topic: Is an emergency just mental accounting?
Replies: 70
Views: 5653

Re: Is an emergency just mental accounting?

Yes, the average American doesn't have an after-tax brokerage account. Says who? The average AGI (adjusted) in Oregon is $57,000 and Portland is HCOL. How then is it possible to max out all retirement vehicles? We make more than that and I still couldn't max out everything. We're in a southeastern ...
by TheMadEph
Fri May 17, 2019 3:58 pm
Forum: Personal Consumer Issues
Topic: $ Decisions: environmental, save the planet, organic, etc
Replies: 32
Views: 1723

Re: $ Decisions: environmental, save the planet, organic, etc

A few principles I'm trying to apply to my life: Buy less and buy used. I try very hard these days to only buy things which are practical (it is hard for me because I love art) and that I know I will use. Instead of asking if you should get A or B, maybe ask if you should get neither. Same thing fo...
by TheMadEph
Fri May 17, 2019 12:20 pm
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 5473

Re: Guidance on choosing between UMich and Brown

Probably a toss up academics wise with slight edge to Brown (i.e. Brown overall stronger in academics, Mich stronger in CS specifically). But social fit i think is much more important - sibling of mine went to Brown, and loved it. Also, if the son wants to go into finance, Brown is better for connec...
by TheMadEph
Tue May 14, 2019 3:50 pm
Forum: Personal Consumer Issues
Topic: Mosquito control in Central Va
Replies: 22
Views: 1579

Re: Mosquito control in Central Va

In our area we have wetlands with large areas of standing water. We have tried everything under the sun to control mosquitos. The most effective method I have found so far is remarkably simple: https://www.nytimes.com/2013/07/16/science/a-low-tech-mosquito-deterrent.html We have a large fan on our ...
by TheMadEph
Fri May 03, 2019 4:33 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 5072

Re: Short BYND? (beyond meat, IPO today)

Completely agree on a personal level about preferring farmers market - so I am not about to start eating those things (but of course I also don't eat the heavily processed beef burgers at McDonalds either, so i was never their target market probably). But its an investing board, so I was trying to r...
by TheMadEph
Fri May 03, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Boat close enough to the dock? Career transition question
Replies: 10
Views: 1225

Re: Boat close enough to the dock? Career transition question

That's a great salary for family medicine physician. Is that VA/Government position - i am guessing because of the 5 year pension. If so, and spouse is continuing to be happy with work after first kid, then I count her position as super super secure and would be comfortable dropping out of the consu...
by TheMadEph
Fri May 03, 2019 3:36 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 5072

Re: Short BYND? (beyond meat, IPO today)

I eat meat 2-3 times a week. I eat it for health reasons. I also eat eggs regularly as well as fish. My goal is healthy and these burgers make no sense to me at all. That’s the thing, if you want burger shaped patties to taste like beef, tons of chemical garbage needs to be added making the product...
by TheMadEph
Thu May 02, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Getting Laid off
Replies: 34
Views: 4583

Re: Need Advice - Getting Laid off

Network, try and find a new job, and if unsuccessful , I would contact a lawyer and then the HR department and notify them that you are concerned that you were selected for layoffs due to your impending paternity leave. It is entirely possible that you might be able to negotiate a better package at...
by TheMadEph
Thu May 02, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Getting Laid off
Replies: 34
Views: 4583

Re: Need Advice - Getting Laid off

Consensus is certainly to take the paternity leave now, which I agree with. I think there may be room for a more aggressive approach, however, that you could use if (and I, personally, would say only if) you are unable to find a job by the time the layoffs actually come. How do you know that you wer...
by TheMadEph
Thu May 02, 2019 1:34 pm
Forum: Personal Investments
Topic: 403b into Roth IRA post residency
Replies: 6
Views: 437

Re: 403b into Roth IRA post residency

Hi, During residency I accumulated quite a bit in a 403b between my employer contributions and my own. I've recently given thought to transferring these 403b funds into a Roth IRA. I have already opened and funded a Roth IRA at Charles Schwab. Is this wise? We should be below the Roth IRA income li...
by TheMadEph
Wed May 01, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Hiring a contractor to cut down some trees....what should I be aware of?
Replies: 89
Views: 5134

Re: Hiring a contractor to cut down some trees....what should I be aware of?

Yes, you should check to see if you city/town requires any permit to remove trees. For example, my city requires residents obtain a permit to remove any tree over 24 inches in circumference. Once an application for a permit is filed, the town posts a notice on the property and sends an arborist to ...
by TheMadEph
Wed May 01, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Experience Donating Shares (Not using DAF)
Replies: 12
Views: 755

Re: Experience Donating Shares (Not using DAF)

I have a couple of times and though it can be done, if the charity doesnt do it alot though it can be a bit of a hassle to get information (accurate) from them etc. I think a DAF might make sense if it allows you to batch - unless you know you will be itemizing no matter what, batching the donations...
by TheMadEph
Tue Apr 30, 2019 5:00 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Climate Change Investing Research
Replies: 23
Views: 1328

Re: Larry Swedroe: Climate Change Investing Research

Seems odd to me but Larry's article (and most of this thread) are discussing this merely as indicative of revealed preferences of investors. Hence the comparison to sin stocks (e.g. I don't like hurting the environment so i am not buying oil pipline companies, just like i don't buy casino stocks bec...
by TheMadEph
Sat Apr 27, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 8387

Re: What are the cons of always being a one parent working household?

always best for a parent to raise their kids I think you meant to say: "In my experience, it was best for the entire family that the kids were raised by a stay at home parent, but YMMV" Then, if you had some potential downsides that you saw (and navigated around) you could share those with OP, to a...
by TheMadEph
Sat Apr 27, 2019 11:27 pm
Forum: Personal Investments
Topic: First time home buyer. 403b loan, or roth ira 10,000 withdrawal?
Replies: 13
Views: 1065

Re: First time home buyer. 403b loan, or roth ira 10,000 withdrawal?

I would do the 403b loan too, as I suspect your position/employment is pretty secure (as it is for most people with 403b eligibility). Of course, risk is always there of something changing - youll have to be comfortable with that overall. You may want to consider changing your AA however, e.g. make ...
by TheMadEph
Fri Apr 26, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Financial Advisor
Replies: 41
Views: 2054

Re: Becoming a Financial Advisor

But you will need some manner of getting clients - unless you are already networking (which has been my approach). Also, my partner (and various siblings) are in high income professions and i expect a substantial number of clients will come through those contacts. Ah, the 'ole pester the friends an...
by TheMadEph
Thu Apr 25, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Financial Advisor
Replies: 41
Views: 2054

Re: Becoming a Financial Advisor

I am planning on doing the exact same, OP. Good luck. Plan is to launch (beta/private) later this year for a very limited group. Then quit full time job sometime early next year. I will be charging all clients however, because I do think that people will (i) be more apt to follow advice if they are ...
by TheMadEph
Tue Apr 16, 2019 4:02 pm
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 10172

Re: seriously thinking about leaving S. CA but where to?

Any suggestions based on the criteria Criteria: 1/ Mild climate similar to Orange County, CA. Okay with some snow in the winter but not fond of huge amount of rain. - Partial Check 2/ No hurricane , flood , tornado and blizzard - Check 3/ Not Hawaii - Check 4/ Low crime - Check Not a must but would...
by TheMadEph
Wed Apr 10, 2019 5:08 pm
Forum: Personal Investments
Topic: Is it worth it to donate appreciated shares when retirement is far off?
Replies: 25
Views: 1649

Re: Is it worth it to donate appreciated shares when retirement is far off?

Also, if you are currently giving to charity or plan on doing so in the near future, then i dont see a downside in doing those transfers now when (presumably you get a better tax benefit). Why wait until you are retired or have a much lower marginal rate....i would definitely give at the highest mar...
by TheMadEph
Wed Apr 10, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Not much work at new megacorp job
Replies: 70
Views: 5612

Re: Not much work at new megacorp job

I would never tell him I hardly have any work. I send him a monthly report with all my activities and time spent on them. I pad the numbers and I am sure he knows. But he has never asked me to fill my time with more responsibilities... Honesty is a good policy. Consider telling him the truth. I tri...
by TheMadEph
Wed Apr 10, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Not much work at new megacorp job
Replies: 70
Views: 5612

Re: Not much work at new megacorp job

I would never tell him I hardly have any work. I send him a monthly report with all my activities and time spent on them. I pad the numbers and I am sure he knows. But he has never asked me to fill my time with more responsibilities... Honesty is a good policy. Consider telling him the truth. I tri...
by TheMadEph
Mon Apr 08, 2019 3:10 pm
Forum: Non-US Investing
Topic: Expat Tax Question - Married filing options
Replies: 6
Views: 333

Re: Expat Tax Question - Married filing options

I live in Canada, am a dual citizen, and my spouse is only a Canadian citizen. I always file in the U.S. as married filing separately. This is entirely legal and IMO is the better option. I have done this for my entire 30-year marriage, with the support of good U.S. tax accountants. Her alternative...
by TheMadEph
Mon Apr 08, 2019 3:08 pm
Forum: Non-US Investing
Topic: Expat Tax Question - Married filing options
Replies: 6
Views: 333

Re: Expat Tax Question - Married filing options

Thanks. I'll probably suggest that to the sister in law. Frustrated that she might have been getting bad advice for a number of years - although i actually am not sure how much it would have changed her taxes up until now, since her income has previously been below the FEIE. But good to at least hea...
by TheMadEph
Mon Apr 08, 2019 1:57 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8634

Re: The "dividend preference anomaly"

[/quote] Dividends and selling shares yourself are the exact same thing. The fact that there's people in this thread that still can't accept this basic fact proves the point of this thread. [/quote] So your sales of that stock cost nothing? If people have a preference for a zero fee, trading fee wai...
by TheMadEph
Mon Apr 08, 2019 1:21 pm
Forum: Non-US Investing
Topic: Expat Tax Question - Married filing options
Replies: 6
Views: 333

Expat Tax Question - Married filing options

Helping my sister in law with her taxes this year (as she is starting to get some stock option grants). She lives in a south american country, is married to a south american. As I was helping her, I saw that she filed last year as single - and I said "huh - that's odd, I didn't think you qualified a...
by TheMadEph
Fri Mar 01, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k and SEP IRA same year
Replies: 4
Views: 201

Re: Solo 401k and SEP IRA same year

You can establish a SEP IRA in the same year as a Solo 401(k), and you can maintain both a SEP IRA and a Solo 401(k) in the same year, but you cannot contribute to both a Solo 401(k) and a SEP IRA in the same tax year. (It sounds like you knew this, based on phrasing of question - maybe not). It sou...
by TheMadEph
Thu Feb 28, 2019 8:10 pm
Forum: Personal Investments
Topic: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?
Replies: 46
Views: 2431

Re: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?

I think the math may be distracting from all of the other assumptions which are more important. Along with assumptions on 1) continuing to live in california 2) have a net worth in excess of estate tax threshold there are tons of other assumptions, e.g. -you will have heirs to whom you wish to leave...
by TheMadEph
Fri Feb 15, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Loan Rate vs Investing
Replies: 23
Views: 679

Re: 401k Loan Rate vs Investing

So OP has the money to pay back a loan if the loan is called, but doesn't wish to use that money to avoid taking a loan? The whole thing seems odd to me. In your scenario, I understand that taxes will be due by selling out of the taxable account. Is the thought process that the taxes due are more t...
by TheMadEph
Thu Feb 14, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Fidelity reports-The number of 401(k) and IRA millionaires declined. The number of people with $1 million or more in the
Replies: 47
Views: 5240

Re: Fidelity reports-The number of 401(k) and IRA millionaires declined. The number of people with $1 million or more in

Nothing against Fidelity, but I do think it also is worth bearing in mind that Fidelity makes money by having more people invest and having people invest more money. So their incentive is to spark people's desire to put money into Fidelity. This "story about 401k millionaires" can help individuals c...
by TheMadEph
Fri Feb 08, 2019 9:31 pm
Forum: Personal Consumer Issues
Topic: How many hours do you work and what do you outsource
Replies: 88
Views: 7651

Re: How many hours do you work and what do you outsource

Why are you senior leaders working so much? Don’t you have teams of people to do the work? Your job should be to make decisions, not to do the work. +1, Exactly right: have the teams do it and teach them to escalate properly, but I know the struggle of being frustrated about seeing terrible work pr...
by TheMadEph
Fri Feb 08, 2019 6:03 pm
Forum: Personal Investments
Topic: portfolio review - mid 30's married couple with FIRE on the brain
Replies: 22
Views: 3484

Re: portfolio review - mid 30's married couple with FIRE on the brain

Sorry I know this is not the kind of advice you are looking for, but have you stopped and consider the absurdity of what you are contemplating? You guys spent 8 extra years in school and spent $400k on your education. And you want to now get out of your career as fast as humanly possible? I mean, i...
by TheMadEph
Fri Feb 08, 2019 5:39 pm
Forum: Personal Investments
Topic: portfolio review - mid 30's married couple with FIRE on the brain
Replies: 22
Views: 3484

Re: portfolio review - mid 30's married couple with FIRE on the brain

I understand desire to fully fund kids' college funds, but I think there is some flexibility is reducing your 529 contributions. Particularly if you have a third kid, I wouldn't think you need to continue funding 30K a year for 3 kid's college funds for very long. Its probably not a huge tax savings...
by TheMadEph
Thu Feb 07, 2019 5:28 pm
Forum: Personal Investments
Topic: Advice: highly appreciated Mutual Funds
Replies: 7
Views: 559

Re: Advice: highly appreciated Mutual Funds

I've been gifting mine to a DAF. This way I get the tax benefit while in a high bracket. When I'm in retirement and a lower bracket, I'll have the DAF distribute the funds. +1 Just start with the lowest cost basis, and work your way up (so long as you are in a high tax bracket & getting the benefit...
by TheMadEph
Tue Jan 29, 2019 5:57 pm
Forum: Personal Investments
Topic: Complicated income situation - need help with retirement accounts
Replies: 14
Views: 1361

Re: Complicated income situation - need help with retirement accounts

If you are making $650K or more per year with a hospital job, I am guessing you are going to be pretty busy (surgeon of some type, cardiologist, interventional radiologist?, anesth?) and not a nice cushy dermatology clinic somewhere. You certainly should learn to understand and maximize your finance...
by TheMadEph
Mon Jan 28, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 Misc vs 1099 Int - Independent Contractor sent a 1099 Int with foreign taxes showing
Replies: 2
Views: 246

1099 Misc vs 1099 Int - Independent Contractor sent a 1099 Int with foreign taxes showing

My wife works as a physician and is paid as an independent contractor by her group. The past few years we have always received 1099-MISC with Box 3 filled out with the sum of payments she has received. This year her group sent her a 1099-INT with no interest income shown in box one, but with the for...
by TheMadEph
Tue Jan 22, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Make SEP IRA contribution at beginning of year?
Replies: 5
Views: 309

Re: Make SEP IRA contribution at beginning of year?

I assume that OP has sufficient income that he has no concern about hitting the right number, and therefore, i think this is simply the same advice that people give re: frontloading regular IRA contributions and regular 401K contributions. If you have the money and are very confident that the income...
by TheMadEph
Tue Jan 22, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another Solo 401k vs SEP question
Replies: 22
Views: 1237

Re: Yet another Solo 401k vs SEP question

But see (from https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-establish-a-sep): If I have a SEP, can I also have other retirement plans? You can maintain both a SEP and another plan. However, unless the other plan is also a SEP, you cannot use Form 5305-SEP; you must adopt ...
by TheMadEph
Mon Jan 21, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another Solo 401k vs SEP question
Replies: 22
Views: 1237

Re: Yet another Solo 401k vs SEP question

I am very sorry, I confused roth with after-tax. Based on the links shared by Duckie, in your list of options, we can add one more which is: - Open prototype plan sponsored by Ascensus - Do 20% employER contributions - The rest as after-tax - Roll after-tax to roth ira Keep in mind that employer co...
by TheMadEph
Wed Jan 16, 2019 2:59 pm
Forum: Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2154

Re: Variable annuity, a success story?

A good deal or not should be evaluated at purchase. Sometimes we get lucky with the timing and an average deal looks great in hindsight. Example: a 30 year mortgage rate of 3.75% would have been average at best a couple of years ago. Those rates look like an absolute steal now. Not sure I understan...
by TheMadEph
Wed Jan 16, 2019 2:31 pm
Forum: Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2264

Re: 37% marginal tax rate --> does Roth 401k make sense?

I agree with chain that it is highly unlikely that you will have a higher tax rate in the future, but....as we all know....the future is hard to predict. My particular solution is similar to king riggs. Even as a top-bracket person myself, I am putting my personal contribution in 401k ($19k plus cat...
by TheMadEph
Tue Jan 15, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 9095

Re: Getting a Mortgage when You can Pay Cash for a House

This has been hit on in the thread already, to some extent, but I think you shoudl try and divorce the "should I get a mortgage question" from the "shoudl I buy the house with a mortgage" question. I think the answer is supler clear that - if you have the cash upfront, then you should make the offer...
by TheMadEph
Tue Jan 15, 2019 5:24 pm
Forum: Personal Investments
Topic: 29 yo resident doc married need personal finance/investing advice
Replies: 29
Views: 2905

Re: 29 yo resident doc married need personal finance/investing advice

I feel like every one has been a little harsh on you for your spending; I don't want to encourage you to be profligate but you got to enjoy life now too. For example, $75 dollars at bars per month is completely fine. Like, really, really, completely fine. My wife met a lot of good friends in her res...
by TheMadEph
Fri Jan 11, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in private practice medical or take VA job offer?
Replies: 45
Views: 3808

Re: Stay in private practice medical or take VA job offer?

I'll take the contrary view - it is almost impossible to be fired from the VA, and the VA job is not going to get any harder or worse than it would be when you start. Private practice can change at any moment. Biking to work is amazing for your health - and you will save significant money reducing u...