Search found 33 matches

by patrocity
Thu Jan 23, 2020 6:19 pm
Forum: Investing - Theory, News & General
Topic: Are interest rates ever going back up?
Replies: 98
Views: 7743

Re: Are interest rates ever going back up?

While jumping into the interest rate rabbit hole, I found this article about world historical interest rates.
https://www.armstrongeconomics.com/rese ... t-economy/
by patrocity
Thu Jan 23, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Are interest rates ever going back up?
Replies: 98
Views: 7743

Re: Are interest rates ever going back up?

https://seekingalpha.com/article/431854 ... ng-to-zero

I found this article from 1/20 pretty interesting. I don't think it's new news to any of the regulars here.
by patrocity
Sat Jan 04, 2020 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Medical school at 34 - Is this financial suicide?
Replies: 116
Views: 10071

Re: Medical school at 34 - Is this financial suicide?

A mentor of mine told me "Don't go into medicine for the money. There are easier ways to make money." He was correct. But I earn enough that I don't have to worry about house hacking, or real estate, or side gigs. I literally just have to live within my means and save 20% annually in index funds and...
by patrocity
Tue Dec 24, 2019 3:58 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Changes for 2020
Replies: 355
Views: 27808

Re: Tax Law Changes for 2020

Thanks for the replies Tomato and Willthrill.
by patrocity
Tue Dec 24, 2019 2:44 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Changes for 2020
Replies: 355
Views: 27808

Re: Tax Law Changes for 2020

In regards to tax diversification- for those of us in the 37% federal marginal bracket who would normally max out traditional 401k/403b contributions... would this be an argument to switch to Roth 401k/403b contributions? I also max a 457b and backdoor Roth. My guess is no, but I'd like to hear the ...
by patrocity
Tue Nov 19, 2019 12:24 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 229
Views: 16002

Re: Toughest Purchase of my Life. Engagement Ring time

I'm bringing back this thread after reading it. I'm a lurker around here, but I figured I would throw in something that could help some others. James Allen currently has 25% off their ring settings (diamond or lab created diamond are full price). This is 11/18/19-11/24/19.
by patrocity
Mon Oct 28, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Hotel "incidentals" credit card precharge?
Replies: 24
Views: 1880

Re: Hotel "incidentals" credit card precharge?

Hilton downtown Chicago was $100/night for the incidentals. It got refunded back, but it did make me take a double take initially.
by patrocity
Sun Oct 27, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: 38y/o requesting feedback regarding debt reduction plan and taxable investing
Replies: 15
Views: 1692

Re: 38y/o requesting feedback regarding debt reduction plan and taxable investing

Not necessarily for everyone, but I had a colleague around your age liquidate a majority of his taxable brokerage to eliminate 500k in mortage/student loan debt. It was mostly triggered by the dip in the market a year ago (he liquidated after the recovery, but it made him think twice about the marke...
by patrocity
Fri Oct 25, 2019 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Worth refinancing student loans
Replies: 4
Views: 463

Re: Worth refinancing student loans

Yes. And I would also look around on some of the FI sites that offer bonuses to sign up through them. (white coat investor and physician on fire both have links).
by patrocity
Thu Oct 24, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Loans and Refinancing
Replies: 1
Views: 247

Re: Loans and Refinancing

What's the current cost of living? What are the monthly payments if you refi? Will REPAYE be a better option until you decide to refi? How much do you anticipate making in 2019? https://studentaid.ed.gov/sa/repay-loans/understand/plans/income-driven#eligible-loans Do what you can to reduce cost of l...
by patrocity
Sat Jul 13, 2019 9:40 pm
Forum: Personal Investments
Topic: Roth IRA - Suggestions Needed
Replies: 10
Views: 1267

Re: Roth IRA - Suggestions Needed

oh and look up the white coat investor forums or physician on fire about how to do the backdoor Roth. It's not hard, but people get hung up on form 8606 and what to do with old IRAs.
by patrocity
Sat Jul 13, 2019 9:38 pm
Forum: Personal Investments
Topic: Roth IRA - Suggestions Needed
Replies: 10
Views: 1267

Re: Roth IRA - Suggestions Needed

Your max is 19k as employee contributions across accounts. You can still have employer contributions to a solo 401k (or SEP... but that would take out the backdoor). That would be about 20% of net earnings from your 1099 income.
by patrocity
Sat Jul 06, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Closing my oldest credit card
Replies: 11
Views: 954

Re: Closing my oldest credit card

You'd have to take a substantial hit to get to sub 740, so I doubt financing anything would be a problem.

Problem with credit karma is they use Vantage 3.0. Most financing uses FICO 8 scores.

I can't wait for the day when my credit score doesn't matter.
by patrocity
Sun Jun 30, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house for Mom - Pros, cons, pitfalls?.
Replies: 55
Views: 3975

Re: Buying a house for Mom - Pros, cons, pitfalls?.

@freetime I'm going to be having a similar conversation with my own parents who are divorced. Since discussing finance has always been off the table, I'm not sure how to go about this. Both parents are in their 70s and lack transparency with what they have and don't have. They both still work, but I...
by patrocity
Wed Jun 05, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 41928

Re: For those who earn $500k+ per year. How'd you do that?

This will be my first year clearing the 500k mark. Radiologist in first year out of training (we do 6 years of residency and fellowship). Gonna be around 700 for every year unless I move jobs. Midwest location. Highest paying jobs in my field are in small to mid sized towns that are not CA or in the...
by patrocity
Sat May 04, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: balance transfer for student loan repayment
Replies: 5
Views: 402

Re: balance transfer for student loan repayment

Thanks for the replies. I suppose I should've ran the numbers before proposing the question. It did, however, make me run the numbers and go through some of the old bogleheads threads. Doing a 3% balance transfer to a 0%APR card in the time she expects to have the higher interest loan paid off would...
by patrocity
Sat May 04, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: balance transfer for student loan repayment
Replies: 5
Views: 402

balance transfer for student loan repayment

Has anyone done a balance transfer for federal loan repayment? My SO has a student loan totaling $4500 at 6.6%. An attempt with refi at one of the companies returned a rate just above 5%. She has excellent credit (760-810 depending on which scoring system you look at) and a nurse making $55k. She ha...
by patrocity
Wed Apr 17, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2913

Re: Young Couple Seeking Financial Advice From Bogleheads

Pay the loans off. Listen to the ChooseFI podcast episode 118. Or you can listen to the take home point of-- although they started as a dual income household, they budgeted to live as they only lived off of his income in the event that she (or he) would want to stay at home with the kids. If you wan...
by patrocity
Thu Apr 11, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 64
Views: 8748

Re: Can we afford a $1mil home?

Will grad school be paid for or will there be extra debt to take on from that?

And you can find many jobs in the midwest that will get you an AGI of $340K. Maybe not Silicon Valley type jobs, but you can.
by patrocity
Mon Apr 01, 2019 1:33 am
Forum: Personal Consumer Issues
Topic: Help with South Carolina Itinerary
Replies: 15
Views: 1284

Re: Help with South Carolina Itinerary

If in Charleston--- If you can't get a reservation at Halls, you can sit in the bar area and get the full menu. Doable most days if its just 2 of you. Halls is also family friendly for an upscale place. The bar at Husk has a great burger if you can't get a reservation to the restaurant. Poogan's Por...
by patrocity
Mon Apr 01, 2019 1:19 am
Forum: Personal Consumer Issues
Topic: New Fridge?
Replies: 28
Views: 2760

Re: New Fridge?

If you can hold out til 4th of July or even as late as November for black Friday type deals, I would do that. When looking for a W/D unit, I was told to avoid Samsung and GE. I got a good deal on a fancy Whirlpool w/d (most bells and whistles but without smart capabilities) because they were discont...
by patrocity
Sun Mar 24, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Where do you find high paying jobs?
Replies: 72
Views: 6128

Re: Where do you find high paying jobs?

Just to continue the derailed thread... Medicine does have widely varying compensation dependent on self employed vs employed and between subspecialties. As low as low $125k (think super niche academic pediatric) to 7 figure range for private practice surgeon in good payer mix. Personality in medici...
by patrocity
Sun Mar 24, 2019 8:16 am
Forum: Personal Finance (Not Investing)
Topic: cosigner for student loan refinance
Replies: 3
Views: 364

Re: cosigner for student loan refinance

Thanks for the replies. I have plugged in the differing interest rate numbers on the available online calculators, and I do agree the difference is negligible even in the most ideal circumstances (6.3 getting refinanced to 2.8% variable). I'll continue to stay the course.
by patrocity
Sun Mar 24, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: cosigner for student loan refinance
Replies: 3
Views: 364

cosigner for student loan refinance

I've done bogleheads search, as well as the standard google search, and a search on the WCI thread, but haven't found an answer to my question. Currently, I have 200k in student loans (down from 260 starting in August) that is at 6.3%. The goal is to pay that off by February of next year. I'm unfort...
by patrocity
Fri Mar 22, 2019 11:15 am
Forum: Personal Investments
Topic: general questions about my portfolio
Replies: 8
Views: 733

Re: general questions about my portfolio

Thanks again for the replies. I'm rolling over my SEP from last year to a solo 401k this year and made contributions for a 2018 backdoor Roth (solo 401k set up, just need to get the SEP money out and rolled to the solo 401k... all contributions were made in the 2019 calendar year before 4/15). I'll ...
by patrocity
Thu Mar 21, 2019 9:36 pm
Forum: Personal Investments
Topic: general questions about my portfolio
Replies: 8
Views: 733

Re: general questions about my portfolio

Thanks for the replies. I do agree that going 60/40 to 100/0 is quite a switch. My thoughts of having a more aggressive allocation are partially because of years of missed investment opportunity secondary to length of medical training and some limitations in investing in taxable accounts because mos...
by patrocity
Thu Mar 21, 2019 4:02 pm
Forum: Personal Investments
Topic: general questions about my portfolio
Replies: 8
Views: 733

general questions about my portfolio

Hello all, I have a random assortment of questions, some which have to do with theory and some to do with my own asset allocation. First, I have a 401k, 403b, 457b and SEP IRA with Fidelity (employer switched from 401k to 403b this past year). I am looking to switch my AA to 100% stocks from 60/40 s...
by patrocity
Wed Mar 20, 2019 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: solo 401K, backdoor Roth
Replies: 11
Views: 1010

Re: solo 401K, backdoor Roth

You can do a backdoor Roth until 4/15. Contribute to tIRA, put it in a MM fund, roll it to Roth a week~ish later. You can do 5500 for 2018 and 6000 for 2019.
by patrocity
Wed Mar 13, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Podcasts [Financial]
Replies: 50
Views: 5175

Re: Podcasts [Financial]

Non financial-- Conan O'Brien needs a friend Making Sense with Sam Harris Hardcore History More Perfect I listen to a good chunk of the above mentioned, as well. Although the white coat investor is geared to physicians, there are a bunch of good podcasts for those with moderate to high income and th...
by patrocity
Mon Mar 11, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Pay Down Strategy
Replies: 35
Views: 3158

Re: Debt Pay Down Strategy

Just have to get your IRA basis to 0 by the end of the year to do the backdoor Roth. So roll over to a qualified plan. You can still do $5500 for 2018 by tax day ($11000 for you and spouse). Limit is $6000 for 2019 ($12K for you and spouse). Buuuut... if you're concentrating on paying debt, you prob...
by patrocity
Mon Mar 11, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Delayed gratification.
Replies: 55
Views: 6473

Re: Delayed gratification.

In the pressure of living like the doctor Joneses, I was made fun of by a more senior colleague (not maliciously) when he saw me at TJ Maxx buying workout clothes. He was like "You're an attending physician now, you should be at Lulu Lemon (sp?) or something." I also have the worst car in the physic...
by patrocity
Sun Mar 10, 2019 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Delayed gratification.
Replies: 55
Views: 6473

Re: Delayed gratification.

First post, but lurking for a while. 8 months out of 6 years of residency and fellowship. Although I still have a good chunk of student loan debt, the fact that I will be able to pay off loans in 2 years and can see the financial end of the tunnel eases my mind. I don't think I took a real vacation ...