Search found 54 matches

by Sgal8713
Mon Feb 08, 2021 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: POA, MPOA for for 18 year old son?
Replies: 46
Views: 1881

Re: DIY will for 18 year old

Why does an 18-year-old need a will? When I was 18, any assets I had wouldn't have been sufficient to cover the funeral cost. Will? Maybe not. Medical POA? I think so. Not necessarily. If you're in a coma, the hospital will find some next of kin to make medical decisions on your behalf, with or wit...
by Sgal8713
Mon Feb 08, 2021 10:56 am
Forum: Personal Finance (Not Investing)
Topic: POA, MPOA for for 18 year old son?
Replies: 46
Views: 1881

Re: DIY will for 18 year old

It is always worth reviewing medical directives and having a will/financial POA is important if there are any meaningfull assets. But in case of emergency, the attending physician can make the "POA" decision as they see fit. If not married and no adult kids, it defaults to parents. Medical...
by Sgal8713
Mon Jan 11, 2021 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Funds to provide care for elderly terminally sick relative
Replies: 12
Views: 1348

Re: Funds to provide care for elderly terminally sick relative

Skilled nursing and long term care (nursing home) are 2 different things with vastly different rules. Medicare pays for skilled nursing, but not nursing home. I would also talk with the oncology office for information on services as well. They commonly have a social worker or case manager than can p...
by Sgal8713
Sat Jan 09, 2021 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Help me with my plan after college
Replies: 27
Views: 1408

Re: Help me with my plan after college

Congrats on getting a look on all this so early in your career. Likely portends good things! 1. Check for a refinance once you have a paystub or contract. Even a little interest rate can go along way. 2. Does your 401k have a match. At least get that, otherwise you are decreasing your income. 3. Put...
by Sgal8713
Sun Dec 13, 2020 7:57 pm
Forum: Personal Investments
Topic: 27 years old - How am I doing?
Replies: 30
Views: 4457

Re: 27 years old - How am I doing?

1. Looks like you are doing great. I would guess (zero calculations done) you will be FI by early 40s. Obviously marriage/kids changes savings and numbers so hard to predict. 2. Having VTI in both IRA and taxable can limit tax loss harvesting in some views (IRS seems like a gray area). Also you are...
by Sgal8713
Sun Dec 13, 2020 3:56 pm
Forum: Personal Investments
Topic: 27 years old - How am I doing?
Replies: 30
Views: 4457

Re: 27 years old - How am I doing?

1. Looks like you are doing great. I would guess (zero calculations done) you will be FI by early 40s. Obviously marriage/kids changes savings and numbers so hard to predict. 2. Having VTI in both IRA and taxable can limit tax loss harvesting in some views (IRS seems like a gray area). Also you are ...
by Sgal8713
Sat Nov 21, 2020 7:54 am
Forum: Personal Consumer Issues
Topic: Smart thermostat for a small 2 bdr apt?
Replies: 12
Views: 1050

Re: Smart thermostat for a small 2 bdr apt?

We have one in our house. The sensors in the kids room are an advantage and letting the temp go down at night and then warm back up 30-60 minutes before wake up time is nice. Vacation mode is cool once you can travel again. I would make sure the lease allows it and that you can take it with you when...
by Sgal8713
Sat Aug 08, 2020 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: [How much should I give to charity?]
Replies: 24
Views: 3313

Re: [How much should I give to charity?]

Numerous studies show a strong link between giving and happiness, especially once your basic needs are met. I think there is a reason several religions settled on 10%. Seems to be a good balance to "feel" it a little bit but not overwhelm your budget. And 10% on most Boglehead incomes can ...
by Sgal8713
Fri Jul 17, 2020 4:48 pm
Forum: Investing - Theory, News & General
Topic: When does it make sense to stop contributing to your investment nest egg?
Replies: 15
Views: 2017

Re: When does it make sense to stop contributing to your investment nest egg?

I will stop contributing to my matched 403b once I no longer have income (ie retirement). Hard to beat free money and tax deferring. Will still do Roth IRA because once it doesnt matter, it will be a inconsequential habit and it's the best form on inheritance around. I wont stop with the HSA due to ...
by Sgal8713
Mon Jul 13, 2020 8:07 pm
Forum: Personal Consumer Issues
Topic: What about northeast corner of GA? (sorry about long post)
Replies: 75
Views: 8633

Re: What about northeast corner of GA? (sorry about long post)

I would consider Mid to East TN - Chattanooga, Knoxville, or Murfreesboro/Franklin (outside of Nashville). I am biased because that's where I live, but still has many advantages. Primarily no state income tax (although 10% sales tax is annoying). Chattanooga - SE corner of TN. About 400k population,...
by Sgal8713
Mon Jul 13, 2020 7:38 pm
Forum: Personal Investments
Topic: New Attending Physician looking for Portfolio Advice
Replies: 24
Views: 2896

Re: First time poster, new portfolio evaluation

Seems pretty simple to me. I would careful about additional funds in taxable, but still not too crazy. 1) Seems simple enough to me if it seems simple enough to you. Could clean up taxable, but not bad. I prefer to use stock and bond funds instead of retirement funds, but multiple roads to Dublin. 2...
by Sgal8713
Mon Jul 13, 2020 7:24 pm
Forum: Personal Investments
Topic: Portfolio questions (and others)
Replies: 10
Views: 1018

Re: Portfolio questions (and others)

I think keeping the cash makes sense right now with a short time frame to help protect against Sequence of Return Risk, especially in these volatile times. That's gives you a nice soft and long runway. I have you at 30x+ (not including pension), so should be safe for retirement at 60. I agree with ...
by Sgal8713
Mon Jul 13, 2020 8:12 am
Forum: Personal Investments
Topic: Portfolio questions (and others)
Replies: 10
Views: 1018

Re: Portfolio questions (and others)

I think keeping the cash makes sense right now with a short time frame to help protect against Sequence of Return Risk, especially in these volatile times. That's gives you a nice soft and long runway. I have you at 30x+ (not including pension), so should be safe for retirement at 60. I agree with a...
by Sgal8713
Thu Jul 09, 2020 10:34 am
Forum: Personal Finance (Not Investing)
Topic: How to Establish Medical Directive and POA?
Replies: 19
Views: 1108

Re: How to Establish Medical Directive and POA?

There are couple different things: do you have a End Of Life Will? That would need an attorney. Medical directives and medical POA, in and of themselves, dont necessarily need a lawyer. But agree with lawyer for big picture "end-of-life planning". For medical directives (Living Will) and M...
by Sgal8713
Mon Jul 06, 2020 9:36 am
Forum: Personal Investments
Topic: Portfolio Review and Five-Year Plan
Replies: 9
Views: 735

Re: Portfolio Review and Five-Year Plan

1 & 2: Unless you think you need an extra cash cushion, I’d use at least some of the $110k to pay off SL. You could throw that and any disposable income for the rest of the year (after what I suggest below) at the SL and have them paid off by the end of 2020. You didn’t tell us your marginal ta...
by Sgal8713
Mon Jul 06, 2020 9:32 am
Forum: Personal Investments
Topic: Portfolio Analysis Please
Replies: 5
Views: 374

Re: Portfolio Analysis Please

Just quick math says you are about 350k in stocks (225k US/125k intl) and 180k in bonds, so that's closer to 65/35. Slightly light from you choice AA. Probably not enough to do much about and both seem with in reasonable ranges. Hard to say much more without exact percentages and expense ratios. Any...
by Sgal8713
Mon Jul 06, 2020 8:07 am
Forum: Personal Investments
Topic: Portfolio Review and Five-Year Plan
Replies: 9
Views: 735

Re: Portfolio Review and Five-Year Plan

1 & 2: Unless you think you need an extra cash cushion, I’d use at least some of the $110k to pay off SL. You could throw that and any disposable income for the rest of the year (after what I suggest below) at the SL and have them paid off by the end of 2020. You didn’t tell us your marginal ta...
by Sgal8713
Sun Jul 05, 2020 11:42 pm
Forum: Personal Investments
Topic: Portfolio Review and Five-Year Plan
Replies: 9
Views: 735

Re: Portfolio Review and Five-Year Plan

Exceptionally presented and exceptionally simple. You are in a great spot. My thoughts: 1/2. Strong vote for pay it down aggressive. Student loans are a serious ball and chain. I think some of that 110k war chest could/should be used as well. 4.5% return ain't bad. 3. I am in my early 30s and 100% s...
by Sgal8713
Sun Jul 05, 2020 11:20 pm
Forum: Personal Investments
Topic: Please review my portfolio again.
Replies: 9
Views: 924

Re: Please review my portfolio again.

Your life insurance seems light, particularly with another baby and $1m house in the near future. All sorts of "rules of thumb", but my goal was to pay off house and match expenses until kids are launched. I would guess that would be around 2m. Also look at spouse life insurnace... nannies...
by Sgal8713
Fri Jul 03, 2020 3:18 pm
Forum: Personal Investments
Topic: 529 Max contribution
Replies: 12
Views: 1131

Re: 529 Max contribution

Vanguard has a very good 529 calculator to help look at scenarios. I would guess that 1k/m wont get you to full coverage, particularly in 10-12 years for the first one.
by Sgal8713
Wed Jul 01, 2020 9:10 am
Forum: Personal Investments
Topic: First Portfolio Review
Replies: 14
Views: 1097

Re: First Portfolio Review

I agree, looks good overall. Again the savings amount and aggressive use of tax-advantaged accounts makes up for a good bit of allocation placement. The biggest thing that pumped out to me was the mortgage, 3.75 is real high for current times. I refi out of a 30 yr physicians loan earlier this year ...
by Sgal8713
Tue Jun 30, 2020 10:39 am
Forum: Personal Consumer Issues
Topic: Seeking input on type of family car to purchase and whether to buy new or used
Replies: 37
Views: 1582

Re: Seeking input on type of family car to purchase and whether to buy new or used

I highly recommend the Suburu Legacy and Honda Odyssey as listed above. We actually own both and plan to drive for many years (unless I succumb to my Tesla fantasy). The minivan is hard to beat because our 3 year old can easily climb in and out by herself. The back row goes all the way down and can ...
by Sgal8713
Fri Jun 26, 2020 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Question about healthcare careers
Replies: 10
Views: 784

Re: Question about healthcare careers

Above is a pretty good list. I am a hospital employee so knowledge leans that way. If she is looking at more of a stop-gap for few years and wants to stay in patient care: -Patient-care tech. Does vitals, cleaning, getting snacks/water. Good learning opportunities from floor nurses/doctors. Common p...
by Sgal8713
Mon May 18, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Testamentary Trust: What age to become co-Trustee, then Trustee
Replies: 44
Views: 2107

Re: Testamentary Trust: What age to become co-Trustee, then Trustee

Having recently turned 30 with a good bit of parent and grandparent help over the years, I have certainly benefitted from the financial security it provided. The most beneficial things however were the conversations and the knowledge that was provided. I learned so much from my parents being an open...
by Sgal8713
Sat May 16, 2020 10:28 am
Forum: Personal Investments
Topic: Questions about my Portfolio
Replies: 22
Views: 787

Re: Questions about my Portfolio

I agree you definitely are capable of doing your own taxes at this point. If you don’t mind my asking, what type of nonprofit work do you do that puts you in the 35% federal tax bracket? 6 figure loans, 6 figure salary, 3 years into loan forgiveness... methinks a phsyician at non-profit hospital/cl...
by Sgal8713
Sat May 16, 2020 10:13 am
Forum: Personal Investments
Topic: Questions about my Portfolio
Replies: 22
Views: 787

Re: Questions about my Portfolio

Great set-up, My setup is very similar. I am also a TN resident (love that 0% state) but in 24% tax bracket (MFJ). Student loans about the same and doing PSFL, couple years past you. I have thought long and hard about the non-Gov 457b. I decided the benefit wasnt there for me, but it was close. The ...
by Sgal8713
Wed May 13, 2020 7:50 pm
Forum: Personal Consumer Issues
Topic: How to look for a good Primary Care Physician (PCP), and no price transparency...
Replies: 35
Views: 2234

Re: How to look for a good Primary Care Physician (PCP), and no price transparency...

As far as the price transparency... good luck. Usually the doctors dont even know what they charge for X, Y, or Z. Commonly yearly physicals are free under insurance plan and then paying someone in network is cheaper than out of network and from there, who knows... well beyond the allowances on this...
by Sgal8713
Wed May 13, 2020 7:46 pm
Forum: Personal Consumer Issues
Topic: How to look for a good Primary Care Physician (PCP), and no price transparency...
Replies: 35
Views: 2234

Re: How to look for a good Primary Care Physician (PCP), and no price transparency...

From a physician perspective (Internal Med, practicing as a Hospitalist)... I think the most important aspect is how well you trust and get along with the doc. IE the first impression should go a long way. There are many fantastic physicians that went to smaller, less well known residencies. If you...
by Sgal8713
Wed May 13, 2020 5:50 pm
Forum: Personal Consumer Issues
Topic: How to look for a good Primary Care Physician (PCP), and no price transparency...
Replies: 35
Views: 2234

Re: How to look for a good Primary Care Physician (PCP), and no price transparency...

From a physician perspective (Internal Med, practicing as a Hospitalist)... I think the most important aspect is how well you trust and get along with the doc. IE the first impression should go a long way. There are many fantastic physicians that went to smaller, less well known residencies. If you ...
by Sgal8713
Sat May 09, 2020 6:54 am
Forum: Personal Investments
Topic: Significant gains since I tax loss harvested
Replies: 18
Views: 1630

Re: Significant gains since I tax loss harvested

My plan with my TLH partner fund is to use as donation fund. Try to use the most appreciated fund and use it for charitable giving. Increases your basis tax free and you get warm and fuzzies for helping some one else. That said they are all in diverse mutual funds with my domestic/int'l balance, so ...
by Sgal8713
Fri May 08, 2020 11:36 am
Forum: Personal Investments
Topic: $250,000 Debt, High-Income Potential, beginner starting from ZERO
Replies: 58
Views: 8302

Re: $250,000 Debt, High-Income Potential, beginner starting from ZERO

+1 on Roth IRA and Roth 401k. I am couple years out and paying those taxes at 12% are well worth the Roth growth. I also agree and reading more about the loan options, you will be 40% of the way to forgiveness by the time you are done with residency. I have follow WCI closely for years and strongly ...
by Sgal8713
Sat May 02, 2020 1:10 pm
Forum: Personal Investments
Topic: Finally simplified. Looking for feedback on my lifelong portfolio.
Replies: 57
Views: 3521

Re: Finally simplified. Looking for feedback on my lifelong portfolio.

Agree on a higher international amount, cloudy crystal ball but reversion to the mean is real over 30-40 years. You should look at 401k/403b at work, good marginal benefit on your taxes. If you dont have a 401k/403b at work, look at solo 401k if you meet criteria. Again good marginal benefit and ca...
by Sgal8713
Sat May 02, 2020 7:52 am
Forum: Personal Investments
Topic: Finally simplified. Looking for feedback on my lifelong portfolio.
Replies: 57
Views: 3521

Re: Finally simplified. Looking for feedback on my lifelong portfolio.

Agree on a higher international amount, cloudy crystal ball but reversion to the mean is real over 30-40 years. You should look at 401k/403b at work, good marginal benefit on your taxes. If you dont have a 401k/403b at work, look at solo 401k if you meet criteria. Again good marginal benefit and can...
by Sgal8713
Fri May 01, 2020 4:46 pm
Forum: Personal Investments
Topic: Starting life over from scratch at 33
Replies: 32
Views: 6397

Re: Starting life over from scratch at 33

Also I agree that you likely can be more aggressive than 66/33... but that is pretty personal. Would read more on the risk benefits. You wont hurt yourself over the next several months to read up and keep pumping in investments, particularly in the Roth.
by Sgal8713
Fri May 01, 2020 4:38 pm
Forum: Personal Investments
Topic: Starting life over from scratch at 33
Replies: 32
Views: 6397

Re: Starting life over from scratch at 33

GA state tax is essentially 5.5% over about $3000, FYI. A quick plug in to a tax calculator puts you at minimal if not negative tax (idk how that works exactly). You can try this one: https://www.mortgagecalculator.org/calcs/1040-calculator.php I would certainly continue Roth IRA contributions espec...
by Sgal8713
Thu Apr 30, 2020 8:25 am
Forum: Personal Investments
Topic: Confused on where to start 15% for retirement
Replies: 17
Views: 1439

Re: Confused on where to start 15% for retirement

Vanguard doesnt exactly help with backdoor Roth, but it is pretty straight forward. White Coat Investor has a good step-by-step or Google other steps, probably only 4-5 steps. I follow the websites every year because I only do once per year and not worth the mental bandwidth. It does require a tradi...
by Sgal8713
Sat Apr 25, 2020 10:24 pm
Forum: Personal Investments
Topic: Advising my brother's portfolio
Replies: 10
Views: 850

Re: Advising my brother's portfolio

Haha, yeah sorry I jacked the thread for a minute there. 401k over Roth usually. Definitely to get full employer match. Then probably still the 401k as it is pre-tax and therefore decrease tax burden now. Some will differ after the match tho, based mainly on better options in IRA. The wiki has an &q...
by Sgal8713
Sat Apr 25, 2020 7:10 pm
Forum: Personal Investments
Topic: Advising my brother's portfolio
Replies: 10
Views: 850

Re: Advising my brother's portfolio

Lakpr, what is your reasoning behind #4. Seems that you want same funds in 401k/IRA to allow more flexibility in taxable accounts to TLH. TL;DR: having different target date funds in 401k and IRA accounts + only stocks in taxable, avoids having any doubts about tax-loss-harvesting as long as the ta...
by Sgal8713
Sat Apr 25, 2020 6:46 pm
Forum: Personal Investments
Topic: Advising my brother's portfolio
Replies: 10
Views: 850

Re: Advising my brother's portfolio

Yeah I misread your comment/original post. I agree that he needs to max out 401k and Roth as first step.

If he had left over funds after those to, saving for down payment fund would be a good move. Not sure the money is there at this time tho

Sorry about the autocorrect
by Sgal8713
Sat Apr 25, 2020 6:19 pm
Forum: Personal Investments
Topic: Advising my brother's portfolio
Replies: 10
Views: 850

Re: Advising my brother's portfolio

Also laker, I think it states he was putting 10k in 401k with 2% from employer. So that clears another 7k per year... perfect to start up a down payment fund
by Sgal8713
Sat Apr 25, 2020 6:15 pm
Forum: Personal Investments
Topic: Advising my brother's portfolio
Replies: 10
Views: 850

Re: Advising my brother's portfolio

Some random thoughts that occurred as I read your post: 1. There is no 24.5% tax bracket. I suspect that's an effective tax rate, and I am guessing your brother's marginal tax rate is 32% or higher. In other words, he must be earning a salary at least $180k, probably higher if single; or $340k or a...
by Sgal8713
Sat Apr 25, 2020 5:26 pm
Forum: Personal Investments
Topic: Couple of investment newbies moving to 3 Fund Portfolio
Replies: 6
Views: 676

Re: Couple of investment newbies moving to 3 Fund Portfolio

Would look at Backdoor Roth IRA. 12k total each year for tax free growth, better than pumping into taxable.

Agree on knocking off one of the mortgages. Not sure if the plan is to merge house and sell or use as rental, but still paying interest is no bueno.
by Sgal8713
Sun Apr 19, 2020 9:47 am
Forum: Personal Investments
Topic: Help with a messy portfolio
Replies: 25
Views: 1892

Re: Help with a messy portfolio

Watty wrote: Sun Apr 19, 2020 9:46 am
Sgal8713 wrote: Sun Apr 19, 2020 9:32 am I would guess the Inherited IRA would require a 10 year pay out under new guidelines?
They date back to 2018 so I am pretty sure that they would still be under the old rules.
You are right. I misread that lead in :oops:
by Sgal8713
Sun Apr 19, 2020 9:32 am
Forum: Personal Investments
Topic: Help with a messy portfolio
Replies: 25
Views: 1892

Re: Help with a messy portfolio

+1 for sell all and simplify. I would guess the Inherited IRA would require a 10 year pay out under new guidelines? That would certainly hurt in the current tax bracket so talking with a hourly estate/tax lawyer might be helpful. Depending on how much is left on mortgage a refi to low rate (5/1, 7/1...
by Sgal8713
Sun Apr 19, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Are we doing everything we could with personal finances?
Replies: 17
Views: 2563

Re: Are we doing everything we could with personal finances?

To make this more efficient, it may be worth to move Roth IRA of adult 2 from Fidelity to Vanguard. Or should I just open another Roth IRA at Vanguard and keep the old Roth IRA at Fidelity?

Certainly some benefit IMO to having everything under one roof, but that is simply a preference.
by Sgal8713
Sun Apr 19, 2020 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Are we doing everything we could with personal finances?
Replies: 17
Views: 2563

Re: Are we doing everything we could with personal finances?

+1 for backdoor Roth for 2019/2020 and paying off mortgage since it is so small. I would not roll 401k to traditional IRA since it would limit backdoor Roth Also agree checking about life and disability insurance. Lastly I would strongly consider an IPS. I just recently did mine and it really helped...
by Sgal8713
Fri Apr 17, 2020 8:38 am
Forum: Investing - Theory, News & General
Topic: Why does no one talk about mid cap tilt?
Replies: 16
Views: 1898

Re: Why does no one talk about mid cap tilt?

I have a mid and small cap tilt representing 10% and 20% of stock allocation. Historical returns since the 70s have about a 2% return above total/large cap. So I think it is worth it, but certainly increases complexity. Its recently doing poorly encourages me for return to the mean. My DW also has n...
by Sgal8713
Mon Apr 06, 2020 1:57 pm
Forum: Personal Investments
Topic: Windfall: Insight Appreciated
Replies: 21
Views: 1166

Re: Windfall: Insight Appreciated

I always vote for maxing out the IRA and 401k (increase pretax take out and them take a trust distribution to offset difference) and would be worth drawing down the windfall slightly over several years to offset increasing retirement especially if there is a match. Great way to use 25.5k of that pe...
by Sgal8713
Mon Apr 06, 2020 1:35 pm
Forum: Personal Investments
Topic: Windfall: Insight Appreciated
Replies: 21
Views: 1166

Re: Windfall: Insight Appreciated

I always vote for maxing out the IRA and 401k (increase pretax take out and them take a trust distribution to offset difference) and would be worth drawing down the windfall slightly over several years to offset increasing retirement especially if there is a match. Great way to use 25.5k of that per...
by Sgal8713
Mon Apr 06, 2020 7:28 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 79526

Re: I have COVID-19. Some thoughts.

Wishing you a further speedy recovery. Acute medical problems certainly put things in perspective real quick. From my professional perspective (hospitalist in mid-TN and before the "surge"), I would not put much weight in having immunity at this time until those ivory tower folks can confi...