Search found 164 matches

by Cyanide123
Thu Oct 10, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Ally Savings Rate drops to 1.8%
Replies: 37
Views: 4881

Re: Ally Savings Rate drops to 1.8%

Vio Bank for me is still at 2.42. it did drop from 2.52 to 2.42 with the last rate drop.
by Cyanide123
Sat Oct 05, 2019 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Accurate long-term disability statistics
Replies: 14
Views: 912

Re: Accurate long-term disability statistics

I'm in my mid-upper 30s, and compensation from my job constitutes about 75% of the total compensation our family receives (my wife works part-time but doesn't receive benefits from her employer). I have three children and am a federal employee. I started to research long-term disability income insu...
by Cyanide123
Sat Sep 28, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 14251

Re: Staying the course is so hard (support thread)

Hi all - I'm trying my best to stay the course. I'm 38, I'd love to retire in 13 years. I say 13 years because my mortgage (15 year bi-weekly payments) finishes then, and thats the same time my kid turns 18, so no more child support, and she'll have a healthy 529 by then. I'm trying to stay the cou...
by Cyanide123
Mon Sep 23, 2019 4:28 am
Forum: Personal Investments
Topic: Seeking a financial adviser
Replies: 11
Views: 2549

Re: Seeking a financial adviser

Why not put it all in vanguard PAS? 0.3% fee and they do all management.

Or you could simplify your portfolio - single balanced fund with vanguard or a life strategy fund?
by Cyanide123
Wed Sep 18, 2019 4:14 am
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 76
Views: 9831

Re: Primer on Paying Taxes With a Credit Card

I have not tried this before since I was using a 2% travel card (CapitalOne Venture) and so the 1.87% fee didn't provide much of a rate spread. But now I have the BofA Premium Rewards card with the 2.625% cash back. The problem is that my federal + state quarterly tax payment is about three times m...
by Cyanide123
Wed Sep 18, 2019 4:10 am
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 76
Views: 9831

Re: Primer on Paying Taxes With a Credit Card

I just used Pay1040.com for the first time with my BofA 2.62% card. My concern is that big tax payments get posted to and by the IRS correctly. If I find out next summer that the IRS didn’t get a 2019 estimated tax payment that I assumed it did (after filing on Apr 15), wont it be too late to ask t...
by Cyanide123
Wed Sep 18, 2019 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 76
Views: 9831

Re: Primer on Paying Taxes With a Credit Card

I have not tried this before since I was using a 2% travel card (CapitalOne Venture) and so the 1.87% fee didn't provide much of a rate spread. But now I have the BofA Premium Rewards card with the 2.625% cash back. The problem is that my federal + state quarterly tax payment is about three times m...
by Cyanide123
Tue Sep 17, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating Salary out of College
Replies: 36
Views: 2127

Re: Negotiating Salary out of College

ChemE here. Graduated in the past 6 years. Job offer was 70k @ traditional processing plant right out of the gates with a small sign on bonus. I then left that job within a short amount of time due to the plant being in a location I didn't find suitable long term. The next offer was $60k in a large...
by Cyanide123
Tue Sep 17, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating Salary out of College
Replies: 36
Views: 2127

Re: Negotiating Salary out of College

Get another offer, have the companies compete.

Even without another offer, you could easily negotiate up to 70-72k i feel.

I personally believe in never accepting the first offer.
by Cyanide123
Tue Sep 17, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 10912

Re: How do you spend money to gain time? (young family)

We have a lady that Cooks for us. Pretty reasonably priced. Not having to cook is a huge relief. Every now and then I still cook when we are off. We're probably going to start using a laundry service soon as well. I hate laundry. Is this for dinner every night? What kind of food does she make? How ...
by Cyanide123
Tue Sep 17, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 10912

Re: How do you spend money to gain time? (young family)

We have a lady that Cooks for us. Pretty reasonably priced. Not having to cook is a huge relief. Every now and then I still cook when we are off. We're probably going to start using a laundry service soon as well. I hate laundry. Is this for dinner every night? What kind of food does she make? How ...
by Cyanide123
Tue Sep 17, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 10912

Re: How do you spend money to gain time? (young family)

We have a lady that Cooks for us. Pretty reasonably priced. Not having to cook is a huge relief. Every now and then I still cook when we are off.

We're probably going to start using a laundry service soon as well. I hate laundry.
by Cyanide123
Sat Sep 14, 2019 6:35 am
Forum: Personal Investments
Topic: Which stock would you invest in?
Replies: 13
Views: 1536

Re: Which stock would you invest in?

2 percent expense ratio??? Wow. No thank you.
by Cyanide123
Sat Sep 14, 2019 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Anybody Know Anything About Scooters?
Replies: 26
Views: 5326

Re: Anybody Know Anything About Scooters?

ER doctor here. Buy a car. You're more likely to stay alive with one. I've seen too many head bleeds from motorcycle accidents otherwise.
by Cyanide123
Wed Sep 11, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: How can I acheive 2% using fixed income instrutments
Replies: 22
Views: 2148

Re: How can I acheive 2% using fixed income instrutments

My savings account at vio bank is paying 2.52 percent right now. Can't get any safer than that.
by Cyanide123
Tue Sep 10, 2019 9:54 am
Forum: Personal Investments
Topic: Distribution taxes
Replies: 5
Views: 650

Re: Distribution taxes

If you want the highest rate, vio bank which is the online division of midfirst Bank offers 2.52% right now. Ally interface is better but apy at 1.9. Discover is a really nice 0 fee for everything online bank that has a 2.0 percent apy right now. No brainier though about putting that money in a high...
by Cyanide123
Tue Sep 10, 2019 3:28 am
Forum: Personal Finance (Not Investing)
Topic: Hard Life Changes - Help With Looking For Employment After 10 Years
Replies: 38
Views: 3874

Re: Hard Life Changes - Help With Looking For Employment After 10 Years

Don't discount the skill set of being an entrepreneur. Very few people keep a business running for more than 3 years. In the early days of any business, the owner handles everything from product management, accounting, setting up infrastructure, legal issues etc. Owning a business teaches people a l...
by Cyanide123
Sat Sep 07, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Career change at 36- Finance to Nursing/PA?
Replies: 40
Views: 3746

Re: Career change at 36- Finance to Nursing/PA?

The cost of schooling will stun you. It is generally harder to get into CRNA school than medical school. This is not true. You're right! I was using the 36:1, application:admission stats from 1991 when there were 50ish CRNA schools remaining. The number of schools has more than doubled since and cl...
by Cyanide123
Thu Sep 05, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Career change at 36- Finance to Nursing/PA?
Replies: 40
Views: 3746

Re: Career change at 36- Finance to Nursing/PA?

I personally wouldn't. Sounds like a grass is greener on the other side kind of a situation. Are you really considering a 4 year BSN, which means cost of education and opportunity cost? If you go to part time work, your opportunity cost could easily be north of 200k, and that doesn't even take into ...
by Cyanide123
Thu Sep 05, 2019 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance -- Clueless and want to educate myself
Replies: 20
Views: 1338

Re: Life Insurance -- Clueless and want to educate myself

I got mine through policy genius. They compare and find you the best rate from all the big providers basically. Also, if after the exam you don't qualify for the best health category for one company, they will take your results and shop around and find the best rate based on exam results
by Cyanide123
Thu Sep 05, 2019 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 37
Views: 1871

Re: Do you have disability insurance?

I have same occupation disability insurance. Same occupation Rider makes it somewhat a little more expensive. I work as a physician, so any injury to limb may mean i cannot do my job, especially since my job requires a few procedures that i need both hands for. Most physicians are highly encouraged ...
by Cyanide123
Wed Sep 04, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Good credit card for business
Replies: 5
Views: 348

Re: Good credit card for business

I use the chase ink business credit cards. Though quite honestly, personal credit cards are better than business ones. My favorite no annual fee credit card is citi double cash. 2 percent cash back on everything. Sometimes I'll use discover it or chase freedom for their revolving 5 percent categorie...
by Cyanide123
Sat Aug 31, 2019 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Not sure what to do
Replies: 25
Views: 2520

Re: Not sure what to do

Esteemed Bogleheads- I find myself in a situation at work that is causing me a lot of stress and sleepless nights. I am single, in my early 50's, rent, and have about 1.6 million - 450K in a taxable account. I have started looking for another job but I really want to get out now as there is more st...
by Cyanide123
Sat Aug 31, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Co-sponsoring an immigrant's sick family member [Updated]
Replies: 47
Views: 4546

Re: Co-sponsoring an immigrant's sick family member

Personally i would decline being a co sponsor. When i didn't have much income (first year of medical residency with employment in only half of the prior tax year as i was in medical school the rest of the year), i honestly felt some hesitation asking my father to be my wife's Co sponsor. It's a lot ...
by Cyanide123
Fri Aug 30, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 210
Views: 50085

Re: GEICO auto rates vs. USAA: too good to be true?

Been with geico for two years, premiums have actually dropped from $600/6 months to $432 for two cars, 300/500 liability with collision, comprehensive, underinsured coverage. Some of the drop in price was because my wife's license was brand new initially. And then we got an umbrella from geico which...
by Cyanide123
Tue Aug 27, 2019 3:34 am
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8348

Re: How to help an employee who is in debt and requesting a loan

Agree with a lot that has been said. Offering overtime is an excellent idea - that is helping people help themselves. But I would not offer more over time than what your company NEEDS. Figuring out how much can be withdrawn from the 401k as a loan is again an excellent way out of a presumable tight ...
by Cyanide123
Fri Aug 23, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietor vs S-Corp Taxation as LLC
Replies: 1
Views: 238

Sole Proprietor vs S-Corp Taxation as LLC

I'm an ER physician, roughly making ~ 450K per year as 1099 contractor. Currently set up as a LLC with sole proprietor taxation designation. Recently learning and reading up on being taxed as a S-Corp. Trying to decide if it's worth it. Current set up: LLC set up as sole proprietor. Solo 401k throug...
by Cyanide123
Thu Aug 22, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Life Advice: deciding what you want to do.
Replies: 49
Views: 4682

Re: Life Advice: deciding what you want to do.

Cyanide123, I’m confused about how you define real world success. Are you suggesting that your mother’s life has been a failure because she has decided to help others rather than accumulate wealth? Why is the accumulation of wealth necessary for having a successful life? Andy. Educational success d...
by Cyanide123
Thu Aug 22, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Life Advice: deciding what you want to do.
Replies: 49
Views: 4682

Re: Life Advice: deciding what you want to do.

Cyanide123, I’m confused about how you define real world success. Are you suggesting that your mother’s life has been a failure because she has decided to help others rather than accumulate wealth? Why is the accumulation of wealth necessary for having a successful life? Andy. I'm not defining it. ...
by Cyanide123
Thu Aug 22, 2019 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Life Advice: deciding what you want to do.
Replies: 49
Views: 4682

Re: Life Advice: deciding what you want to do.

Educational success does not always equal real world success. My mother went to the no. 1 med school of Pakistan, it's about as hard to get there as it is to get in to Harvard. And then she was no. 1 in her class for 4 out of 5 years. She was basically the smartest student of her academic year in a ...
by Cyanide123
Thu Aug 22, 2019 5:30 am
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 17010

Re: White collars- How much is your work downtime?

Wow I'm in the wrong field. As an ER doctor, my Work downtime is maybe 0-20 percent. A busy shift can mean taking notes home and not having time for food or even the bathroom.
by Cyanide123
Tue Aug 20, 2019 3:08 am
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13944

Re: Anyone retire in their 30s?

I sometimes toy with the idea of retiring in my mid to late 30s. I could easily do it, but it requires going back to my home country where cost of living is dirt cheap. As a physician i currently have 155k of educational debt. I'll be debt free in 8-9 months and then after that I'll be adding roughl...
by Cyanide123
Mon Aug 19, 2019 2:51 am
Forum: Personal Investments
Topic: Invest or pay off student loans?
Replies: 41
Views: 1746

Re: Invest or pay off student loans?

I'm in the same shoes as you except minus the inheritance. Started with 200k debt, it's down to 160k now that I've finished my residency.

Pay down the debt. That's a definite 6 percent return. There is nothing else that guarantees this high a return.
by Cyanide123
Mon Aug 12, 2019 2:32 am
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 6366

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

I am thinking of having no credit cards. I think Dave Ramsey is too extreme in some aspects. The envelopes with cash is a great idea for people who have no control over their finances and desperately need to budget, but most people on bogleheads are a little more sophisticated than the Dave Ramsey ...
by Cyanide123
Sun Aug 11, 2019 4:59 am
Forum: Personal Finance (Not Investing)
Topic: Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]
Replies: 17
Views: 2448

Re: Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]

Why has she signed something where she isn't even sure what her compensation is going to be? The average IM hospitalist makes around 220-230k. Some private gigs pay upwards of 300k depending on location. Most contracts have a 90 day out clause, so your girlfriend could probably still cancel things. ...
by Cyanide123
Sun Aug 11, 2019 3:06 am
Forum: Personal Finance (Not Investing)
Topic: Received a $17,000 medical bill! Can we negotiate?
Replies: 91
Views: 9882

Re: Received a $17,000 medical bill! Can we negotiate?

Several years ago , we were sent by an in network doctor to an out of network hospital. My husband had an aortic aneurysm that was quite large but not yet about to burst. He was immediately admitted and worked up for open heat surgery ( turned out he had a leaking aortic valve as well). I called ou...
by Cyanide123
Sun Aug 11, 2019 2:57 am
Forum: Personal Finance (Not Investing)
Topic: NP degree worth the investment?
Replies: 62
Views: 5306

Re: NP degree worth the investment?

Thanks for all of the replies. 1. To the person who asked about her existing degree, yes she has a BSN. 2. I totally agree that the expected salary is one of the most important points in this analysis. I looked into salaries for NP's in Boston and there is a pretty big range (80k-160k) so I was hav...
by Cyanide123
Sat Aug 03, 2019 6:15 am
Forum: Personal Consumer Issues
Topic: Day care vs nanny for child care
Replies: 62
Views: 3454

Re: Day care vs nanny for childcare

And that is why we did the Daycare route as well - after a number of our friends installed discrete camera's inside their homes and were very uncomfortable with what they saw. At one point they were loaning the cameras from one to another as they ended their nanny experience and went to a licensed ...
by Cyanide123
Fri Aug 02, 2019 10:39 pm
Forum: Personal Consumer Issues
Topic: Day care vs nanny for child care
Replies: 62
Views: 3454

Re: Day care vs nanny for childcare

Mine surely is an extreme outlyer data point but one that should be considered. We hired a young woman that lived down the street from us as a nanny. We superficially knew the family, and she was recommended by another neighbor. Soon we found evidence that her boyfriend was spending time there. Onc...
by Cyanide123
Fri Aug 02, 2019 10:33 pm
Forum: Personal Consumer Issues
Topic: Day care vs nanny for child care
Replies: 62
Views: 3454

Re: Day care vs nanny for childcare

We based our decision based on our situation. As physicians we had irregular hours so a nanny for our situation was best. Last thing I wanted was to have to pay $1 a minute late fee because one of my patients was late or complicated or having an emergency. I think in the early years a nanny is best...
by Cyanide123
Thu Aug 01, 2019 3:04 am
Forum: Personal Consumer Issues
Topic: Day care vs nanny for child care
Replies: 62
Views: 3454

Re: Day care vs nanny for childcare

All my 4 kids had nannies. They also went to pre-school play groups from age 3. All seem to have grown up great. Day care centers are the source of numerous, annoying infections, so if you are an anti-vaxxer that may sound good... Nannies are a luxury, but if you can afford it, IMHO it's a no-brain...
by Cyanide123
Thu Aug 01, 2019 1:49 am
Forum: Personal Consumer Issues
Topic: Day care vs nanny for child care
Replies: 62
Views: 3454

Day care vs nanny for child care

Just curious what others would do. If cost was not an issue, do you think a child is better off with a one on one nanny? I guess parents can have more control over who the nanny is. Or do you think a child is better off in a really good day care where he/she can develop social skills while interacti...
by Cyanide123
Thu Aug 01, 2019 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 9209

Re: Bloomberg: Forget Tech, Medicine Still Pays More

'"Each year in recent years, more than 1,000 current U.S. graduates of medical schools, and graduates from prior years, do not land a residency in a teaching hospital," said Kevin Lynn, founder of Doctors without Jobs. "Without a residency, a doctor cannot practice medicine. Today, too many doctors...
by Cyanide123
Wed Jul 31, 2019 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is a 300/500 car policy truly enough?
Replies: 54
Views: 4971

Re: Is a 300/500 car policy truly enough?

My wife (31) and I (35) gross about $150k per year, save about 25% of that, and have the following accounts: My TSP: $112k Her 401k: $75k Roth IRA: $3k We’re about to get sued from a car accident last November, when my MIL was driving my wife’s car and struck another vehicle from behind. No airbags...
by Cyanide123
Wed Jul 31, 2019 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 9209

Re: Bloomberg: Forget Tech, Medicine Still Pays More

A little. But working 12 days a month makes up for the small sacrifice of a few weekends in my opinion. Some ER guys disagree, but I'd much rather work 12 days a month, than a Monday to Friday job. I could have brought it down to 120 hrs/month (10 days a month) if I wanted to and still have made $3...
by Cyanide123
Wed Jul 31, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 9209

Re: Bloomberg: Forget Tech, Medicine Still Pays More

A little. But working 12 days a month makes up for the small sacrifice of a few weekends in my opinion. Some ER guys disagree, but I'd much rather work 12 days a month, than a Monday to Friday job. I could have brought it down to 120 hrs/month (10 days a month) if I wanted to and still have made $3...
by Cyanide123
Wed Jul 31, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 9209

Re: Bloomberg: Forget Tech, Medicine Still Pays More

As a physician, I would advise my kids, if they were adept enough and equally drawn to medicine or tech, to go into tech 100 times out of 100. There are specialties with a good work life balance. ER is probably not one of them. Painting all of medicine from your viewpoint is probably an over reacti...
by Cyanide123
Wed Jul 31, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 9209

Re: Bloomberg: Forget Tech, Medicine Still Pays More

As a physician, I would advise my kids, if they were adept enough and equally drawn to medicine or tech, to go into tech 100 times out of 100. There are specialties with a good work life balance. ER is probably not one of them. Painting all of medicine from your viewpoint is probably an over reacti...
by Cyanide123
Wed Jul 31, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 9209

Re: Bloomberg: Forget Tech, Medicine Still Pays More

Fyi... The article miserably low balls actual salaries. Physicians and surgeons 200k 😂😂😂 more like 350k general surgeons, 380-400k urologists, 420-450k orthopedic surgeon, 650-750k neuro surgeons, 450-550k vascular surgeons, 350k emergency physicians, 380k anesthesioloogists, 220 family medicine, 21...
by Cyanide123
Tue Jul 30, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 9209

Re: Bloomberg: Forget Tech, Medicine Still Pays More

A relative is seeking some career advice for her college bound son. She wants him to become a doctor, but he prefers an easier path to make money, and is considering going into coding/software instead. He hopes to work for a FAANGM, enticed by the massive comp packages for new graduates. A recent a...