Search found 3137 matches

by neurosphere
Thu Aug 01, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance premium dropped unexpectedly. Pleasant surprise.
Replies: 11
Views: 1097

Re: Car insurance premium dropped unexpectedly. Pleasant surprise.

I don't own a car but have a non-owners policy through Geico, for which I've been paying about between $180 and $200 every 6 months for the past 10 years, with prices bouncing around between those two numbers. The last premium was $218.40, but today I get a statement and the cost is only $118.40. H...
by neurosphere
Wed Jul 31, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance premium dropped unexpectedly. Pleasant surprise.
Replies: 11
Views: 1097

Re: Car insurance premium dropped unexpectedly. Pleasant surprise.

Did you go from not owning two cars to not owning one car? That would do it. I've never owned a car while on this policy. It's a "non-owners" policy. At any point if I own a car, I'd have to get a new policy. :) It's exactly $100. Is there any non-driver non-claim premium reduction? Perhaps there's...
by neurosphere
Wed Jul 31, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance premium dropped unexpectedly. Pleasant surprise.
Replies: 11
Views: 1097

Re: Car insurance premium dropped unexpectedly. Pleasant surprise.

MP123 wrote:
Wed Jul 31, 2019 8:44 pm
That is an unexpected bit of good news.

Is it possible they switched you to quarterly billing or something like that? If not I'd just enjoy it.
Good observation, but the billing period remained 6 months.
by neurosphere
Tue Jul 30, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance premium dropped unexpectedly. Pleasant surprise.
Replies: 11
Views: 1097

Car insurance premium dropped unexpectedly. Pleasant surprise.

I don't own a car but have a non-owners policy through Geico, for which I've been paying about between $180 and $200 every 6 months for the past 10 years, with prices bouncing around between those two numbers. The last premium was $218.40, but today I get a statement and the cost is only $118.40. Hu...
by neurosphere
Mon Jul 29, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Forgiveness advice
Replies: 46
Views: 3922

Re: Student Loan Forgiveness advice

i had Great Lakes at one time too. But when I consolidated, granite state assumed the loan. Should I or could I have Fed Loan take over this loan? It will happen automatically. After a few months on an eligible payment plan such as IBR or REPAYE, send in an employer certification form. Sending in t...
by neurosphere
Mon Jul 29, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Forgiveness advice
Replies: 46
Views: 3922

Re: Student Loan Forgiveness advice

Thank you for such a destailed reply. This was a helpful post. Must I wait to start my new job next month before I switch to IBR? Or can I start today, knowing this month’s payment likely won’t qualify as part of my 120, though it will reduce the amount I owe this month and likely increase, fractio...
by neurosphere
Mon Jul 29, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Forgiveness advice
Replies: 46
Views: 3922

Re: Student Loan Forgiveness advice

I'm going to jump in and answer some of your questions upthread that may or may not have been answered already. -- An FFEL loan consolidated into a Direct Consolidation Loan is eligible (sort of) for forgiveness. I say sort of, because the FFEL loan no longer exists. It was paid off, so there is not...
by neurosphere
Sat Jul 13, 2019 12:50 pm
Forum: Personal Investments
Topic: Portfolio review and financial advisor questions
Replies: 21
Views: 2208

Re: Portfolio review and financial advisor questions

I did not have the wherewithal to start PSLF in training as I did not know where I would end up working and did not have much money, so I kept them in deferment...Right now I am on the REPAYE plan. I ran a set of numbers for you based on your post, and IBR payments would be lower than REPAYE, howev...
by neurosphere
Sat Jul 13, 2019 11:22 am
Forum: Personal Investments
Topic: Portfolio review and financial advisor questions
Replies: 21
Views: 2208

Re: Portfolio review and financial advisor questions

Not that you asked for loan help, but... What Federal repayment plan are you on? Why only three years so far of eligible payments, despite being out of school for at least 8 years? Anyway, given your questions, I have the impression that Vanguard advisory services may not be your best bet (although ...
by neurosphere
Tue Jul 09, 2019 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Searching for one-time financial adviser...
Replies: 6
Views: 821

Re: Searching for one-time financial adviser...

Hello, for the first time in my life I decided to hire a financial adviser. The reason: I made some Charitable Gift Annuities which are producing a higher streaming income and I hope a CFA could find a shelter for it. Other than this shelter, I don't wish him/her to make any investments which, good...
by neurosphere
Mon Jul 08, 2019 11:08 am
Forum: Investing - Theory, News & General
Topic: Calculation of SS difference between working to 62 but delay withdrawls until 70 vs working until 70
Replies: 12
Views: 1104

Re: Calculation of SS difference between working to 62 but delay withdrawls until 70 vs working until 70

At 62, payment will be $1,949 … these estimates are assuming that you work up until that age (67,70,62). What happens if I work until 62, but then delay withdrawals until 70? Scale up the $1,949 by the age 62 and age 70 percents of PIA for your birth year as shown on SSA's Effect of Early or Delaye...
by neurosphere
Mon Jul 08, 2019 10:29 am
Forum: Investing - Theory, News & General
Topic: Calculation of SS difference between working to 62 but delay withdrawls until 70 vs working until 70
Replies: 12
Views: 1104

Re: Calculation of SS difference between working to 62 but delay withdrawls until 70 vs working until 70

Neurospheres's convenient Social Security Estimator does this. If you have excel, you can download and use this calculator. Enter in your actual historical earnings, and then any set of future earnings. Enter future earnings even if you may not be working that long (e.g. consider entering assumptio...
by neurosphere
Thu Jun 27, 2019 7:55 am
Forum: Personal Investments
Topic: Resident Physician
Replies: 33
Views: 4884

Re: Resident Physician

I'm not sure why PAYE is better than REPAYE. I've always been under the impression to stick with REPAYE while in residency and then switch to PAYE prior to completion of training. (for those who are single and without a spouse with significant income) When first starting out, the correct decision d...
by neurosphere
Wed Jun 26, 2019 10:15 am
Forum: Personal Investments
Topic: Resident Physician
Replies: 33
Views: 4884

Re: Resident Physician

Hahha, as a resident - I do not have enough money to fund a Roth 457, 403 and an Roth IRA. So right now I was just going to stick with the Roth 457b and the Roth IRA and max out my Roth contributions Based on that strategy you should switch to PAYE immediately, if you have any expectation of gettin...
by neurosphere
Tue Jun 25, 2019 3:17 pm
Forum: Personal Investments
Topic: Resident Physician
Replies: 33
Views: 4884

Re: Resident Physician

Yes. I would be more interested in joining an established PP rather than making my own. I also contacted my resource management today and we only have the Roth Option in the 457b. Unfortunately, I don't have a Roth Option in the 403b :( No problem. Just max them both out. :D Again, deductible contr...
by neurosphere
Sun Jun 23, 2019 10:18 am
Forum: Personal Investments
Topic: Resident Physician
Replies: 33
Views: 4884

Re: Resident Physician

If your employer offers a Roth 403b that is the best vehicle IMO. OP said he/she is on the "REPAYE" student loan payment plan, which waives half of any unpaid interest with each payment. If his/her salary is in a range where there indeed unpaid interest, then deductible contributions lower AGI, whi...
by neurosphere
Sat Jun 22, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 109
Views: 17962

Re: Downloadable Social Security Benefit Estimator (repost)

OK, ignore my previous comment. I believe it was the act of saving that updated the graph and other data, not necessarily saving as an .xlsm file. (I did not see it documented that you needed to save the file to update the results.) Thanks again. My file updates in real time as data in each cell is...
by neurosphere
Sat Jun 22, 2019 9:49 am
Forum: Personal Investments
Topic: Resident Physician
Replies: 33
Views: 4884

Re: Resident Physician

Yes, I am trying to save as much as I can right now. I have about 180k in student loans and currently in the REPAYE program. I have thought about pursuing PSLF and joining a non-profit hospital once I finish residency but on the other hand, I would really just like to join a private practice group....
by neurosphere
Sat Jun 22, 2019 9:44 am
Forum: Personal Investments
Topic: Resident Physician
Replies: 33
Views: 4884

Re: Resident Physician

Yes, I am trying to save as much as I can right now. I have about 180k in student loans and currently in the REPAYE program. I have thought about pursuing PSLF and joining a non-profit hospital once I finish residency but on the other hand, I would really just like to join a private practice group....
by neurosphere
Sat Jun 22, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 109
Views: 17962

Re: Downloadable Social Security Benefit Estimator (repost)

Than you so much for this spreadsheet neurosphere. One thing, for me with Excel from Microsoft Office 365 ProPlus, after downloading and opening the spreadsheet, I needed to "Save As" type "Excel Macro-Enabled Workbook (*.xlsm)" for the graphs and other results to show. Interesting, I also have 365...
by neurosphere
Fri Jun 21, 2019 1:51 pm
Forum: Investing - Theory, News & General
Topic: The End of Passive Investing?
Replies: 55
Views: 5210

Re: The End of Passive Investing?

This example just popped into my head, have not thought it through at all... Suppose "everyone" (e.g. 99%+) simply indexed the entire investable markets. Then wouldn't each individual public company still be the remaining active players? Each firm would still have to decide when to issue new stock,...
by neurosphere
Fri Jun 21, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: The End of Passive Investing?
Replies: 55
Views: 5210

Re: The End of Passive Investing?

This example just popped into my head, have not thought it through at all... Suppose "everyone" (e.g. 99%+) simply indexed the entire investable markets. Then wouldn't each individual public company still be the remaining active players? Each firm would still have to decide when to issue new stock, ...
by neurosphere
Thu Jun 20, 2019 9:19 am
Forum: Investing - Theory, News & General
Topic: Why isn’t stock market lower today ?
Replies: 14
Views: 1450

Re: Why isn’t stock market lower today ?

There is news that a drone was shot down in the middle east. Common sense would indicate that the markets would go down with such news with an escalation in a volatile situation. Why are they still going up ? Perhaps this escalation event was ALREADY expected as a "given" based on LAST WEEK's escal...
by neurosphere
Wed Jun 19, 2019 9:00 pm
Forum: Personal Consumer Issues
Topic: Single cup coffee/espresso options, 2019
Replies: 84
Views: 5658

Re: Single cup coffee/espresso options, 2019

I only skimmed the question and answers, so forgive if this is 100% irrelevant. But, I'm a coffee snob, or perhaps was. Needed freshly roasted and freshly ground beans, at times weighed water and beans, set water temp to the degree, timed the contact with water and coffee etc. I've tried all the "fa...
by neurosphere
Tue Jun 18, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP
Replies: 13
Views: 1389

Re: Becoming a CFP

I elected not to seek CFP certification for various reasons, because I was not willing to be employed by another person/firm. Also, as a part-time planner, it would take me forever to complete the experience requirement. However, in response to your question, I reviewed the CFP site. Perhaps they ch...
by neurosphere
Tue Jun 18, 2019 7:19 am
Forum: Personal Investments
Topic: What's my next step? (Edited / Updated with portfolio details)
Replies: 15
Views: 1540

Re: What's my next step? (Edited / Updated with portfolio details)

You ought to be wary of any financial adviser. You have to check their history. All provide ADV2 but not all volunteer ADV1. Adv1 is where any disciplinary records will be. If they won't provide, leave. https://garrettplanningnetwork.com/ Part I of the ADV is public (as if part 2) and is easy to lo...
by neurosphere
Tue Jun 18, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Advice on changes to disability insurance coverage
Replies: 3
Views: 398

Re: Advice on changes to disability insurance coverage

I'm a big fan of a 6-month elimination period vs something shorter. Statistically, one will not be disabled, so chances are you'll keep the savings which come from the longer elimination. If one IS disabled, all you've lost is 3 additional months of income compared to a 90-day elimination. If one is...
by neurosphere
Thu Jun 13, 2019 1:50 pm
Forum: Personal Investments
Topic: Roth 403(b) AND annual Roth IRA contribution
Replies: 9
Views: 580

Re: Roth 403(b) AND annual Roth IRA contribution

Just make sure your nephew does not have student loans and intends to one day qualify for Public Student Loan Forgiveness. In that case, he should be making deductible employer contributions instead of Roth. By this, do you mean make Traditional (pre-tax) IRA contributions and/or Traditional (pre-t...
by neurosphere
Thu Jun 13, 2019 1:46 pm
Forum: Personal Investments
Topic: Backdoor ROTH Traditional IRA contribution: Settlement fund MM or Prime MM fund?
Replies: 13
Views: 441

Re: Backdoor ROTH Traditional IRA contribution: Settlement fund MM or Prime MM fund?

Agree to convert the entire amount. I think this poster is also wondering about the $0.33 or whatever that may show up after the conversion has happened. Now that interest rates are no longer almost 0, there have been a lot of questions about these few dangling pennies that show up later. Why worry...
by neurosphere
Thu Jun 13, 2019 1:39 pm
Forum: Personal Investments
Topic: Backdoor ROTH Traditional IRA contribution: Settlement fund MM or Prime MM fund?
Replies: 13
Views: 441

Re: Backdoor ROTH Traditional IRA contribution: Settlement fund MM or Prime MM fund?

If my calculations are correct, the interest earned on 7 days would need to be at a rate of 3% or more in order to earn $0.50 over 7 days. If you contribute $6000, and convert $6001, you'll pay income tax on that dollar. Tax prep wise, the difference between reporting that $1 vs not is trivial. It ...
by neurosphere
Thu Jun 13, 2019 1:10 pm
Forum: Personal Investments
Topic: Backdoor ROTH Traditional IRA contribution: Settlement fund MM or Prime MM fund?
Replies: 13
Views: 441

Re: Backdoor ROTH Traditional IRA contribution: Settlement fund MM or Prime MM fund?

If my calculations are correct, the interest earned on 7 days would need to be at a rate of 3% or more in order to earn $0.50 over 7 days. If you contribute $6000, and convert $6001, you'll pay income tax on that dollar. Tax prep wise, the difference between reporting that $1 vs not is trivial. It m...
by neurosphere
Thu Jun 13, 2019 7:30 am
Forum: Personal Investments
Topic: Roth 403(b) AND annual Roth IRA contribution
Replies: 9
Views: 580

Re: Roth 403(b) AND annual Roth IRA contribution

FiveK wrote:
Wed Jun 12, 2019 11:52 pm
neurosphere wrote:
Wed Jun 12, 2019 3:32 pm
...making deductible employer contributions....
How does that work if one is not self-employed?
Sorry, I meant making deductible contributions (non-Roth) to one's employer's plan (to differentiate it from an IRA contribution).
by neurosphere
Wed Jun 12, 2019 3:32 pm
Forum: Personal Investments
Topic: Roth 403(b) AND annual Roth IRA contribution
Replies: 9
Views: 580

Re: Roth 403(b) AND annual Roth IRA contribution

Just make sure your nephew does not have student loans and intends to one day qualify for Public Student Loan Forgiveness. In that case, he should be making deductible employer contributions instead of Roth.
by neurosphere
Tue Jun 11, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Submitting Insurance Claims for Toddler Special Needs Therapy
Replies: 8
Views: 545

Re: Submitting Insurance Claims for Toddler Special Needs Therapy

-- HOWEVER, there is no law which says a particular type of therapy or course of action is REQUIRED to be paid by insurance in the case of any particular symptom diagnosis. For example, for "ABA" therapies for autism, this can indeed require an actual medical diagnosis of autism. And even then, fun...
by neurosphere
Tue Jun 11, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Submitting Insurance Claims for Toddler Special Needs Therapy
Replies: 8
Views: 545

Re: Submitting Insurance Claims for Toddler Special Needs Therapy

A few random thoughts and suggestions. None of which you should take as gospel but reflect my personal experiences and understanding of a complicated issue, which is also affected by state laws and your particular insurance. -- You don't necessarily need a diagnosis to get therapies paid for, you ju...
by neurosphere
Tue Jun 04, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: "Roth IRA: Two Clocks"
Replies: 20
Views: 1888

Re: "Roth IRA: Two Clocks"

changingtimes wrote:
Tue Jun 04, 2019 11:36 am
neurosphere wrote:
Tue Jun 04, 2019 11:34 am
I better make it to 59.5 without a need for withdrawals! [/b] :shock:
Yes, I think that is most definitely the simplest way! It's almost like they planned it that way!
LOL!
by neurosphere
Tue Jun 04, 2019 11:40 am
Forum: Personal Consumer Issues
Topic: Being given charity that I don't need
Replies: 51
Views: 4844

Re: Being given charity that I don't need

This has happened to me in one form or another many times, maybe for similar reasons, perhaps because I 'look' poor based on my clothes, behaviors, housing, etc, relative to the 'average' in my daily environment. I struggled at first, like you. Finally I have come to terms with it and say "Thank you...
by neurosphere
Tue Jun 04, 2019 11:34 am
Forum: Investing - Theory, News & General
Topic: "Roth IRA: Two Clocks"
Replies: 20
Views: 1888

Re: "Roth IRA: Two Clocks"

At least I had read lots of posts about "keep really good records!" before I started Roth'ing! Yes. I haven't followed my own advice regarding 5498 forms, rollovers, conversions, etc. I wonder what records Vanguard has regarding my 2008 Roth contribution! Oh shoot, wait, it might have been with T. ...
by neurosphere
Tue Jun 04, 2019 10:17 am
Forum: Investing - Theory, News & General
Topic: "Roth IRA: Two Clocks"
Replies: 20
Views: 1888

Re: "Roth IRA: Two Clocks"

What would be the distribution rules on a rolled over Roth 401k? Some of that would be contributions and some of that would be gains. That's a good question (that I'm not going to answer right away) but let me just rephrase it: 1) What are the distributions rules on contributions (and associated ea...
by neurosphere
Mon Jun 03, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Where do I buy term life insurance? What are the best companies?
Replies: 14
Views: 1072

Re: Where do I buy term life insurance? What are the best companies?

Good to know--I found that when we ran Policygenius against Zander, the quotes were identical. I didn't run them against terms4sale at all. Running it now, it all looks similar to what I'm paying, I'd have to review the statements to be sure. I’d be very surprised if the rates from each of these so...
by neurosphere
Mon Jun 03, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Where do I buy term life insurance? What are the best companies?
Replies: 14
Views: 1072

Re: Where do I buy term life insurance? What are the best companies?

Good to know--I found that when we ran Policygenius against Zander, the quotes were identical. I didn't run them against terms4sale at all. Running it now, it all looks similar to what I'm paying, I'd have to review the statements to be sure. Not all companies write policies in all states. It might...
by neurosphere
Mon Jun 03, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Where do I buy term life insurance? What are the best companies?
Replies: 14
Views: 1072

Re: Where do I buy term life insurance? What are the best companies?

We used Policygenius instead of Zander, if only because the Policygenius site was easier to navigate and use. I imagine the results would have been identical. Once we did our health check, our agent at Policygenius referred both myself and my partner to two separate companies that they thought woul...
by neurosphere
Sun Jun 02, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Public Loan Forgiveness – 160B Organization
Replies: 8
Views: 402

Re: Public Loan Forgiveness – 160B Organization

So the 75,000 people who got rejected based on the spread sheet all had no idea what they were doing? Most likely, yes. I personally know about 30 people who were rejected, and in every case the rejection was easily predicted by even a cursory understanding of the rules. 15 of those were due to ine...
by neurosphere
Sun Jun 02, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Public Loan Forgiveness – 160B Organization
Replies: 8
Views: 402

Re: Public Loan Forgiveness – 160B Organization

Thank you, do you know who is the authoritative decision maker? I think if I call fed loan, they will tell me they don't know. lol, nope, do not call Fed Loans. And there is no one directly at the Dept of Ed to contact. The only definitive way is to ALREADY be working there and fill out an employer...
by neurosphere
Sun Jun 02, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Public Loan Forgiveness – 160B Organization
Replies: 8
Views: 402

Re: Public Loan Forgiveness – 160B Organization

Hi Neuro, In Texas, the hospital can't directly employ the physician. It has to go through another entity. In my case, the entity is BHS Physician Network which is a non-profit organization. It is not labeled as 501C. It is to my understanding a 160B. I also google, and I couldn't find much informa...
by neurosphere
Sun Jun 02, 2019 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Public Loan Forgiveness – 160B Organization
Replies: 8
Views: 402

Re: Public Loan Forgiveness – 160B Organization

I plan to join BHS in Texas. It is a 160B organization. I was wondering, does a 160B Organization in Texas qualify for the public loan forgiveness program? Thanks If you think you are lucky enough to be amongst the 1 percent of people who actually got loan forgiveness then sure. Entirely disagree, ...
by neurosphere
Sat Jun 01, 2019 12:43 pm
Forum: Personal Investments
Topic: 8606 - Pro Rata Rule for IRA to Roth IRA Conversions
Replies: 17
Views: 666

Re: 8606 - Pro Rata Rule for IRA to Roth IRA Conversions

I agree with others who have made the following statements: -- 2016 contribution can not be made in June 2017 -- It's the IRA balance on Dec 31, 2017 which determines/affects the pro-rata rule -- Following the instructions on the 8606 form will make the above rule obvious. Specifically, look at line...
by neurosphere
Fri May 31, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 46
Views: 6665

Re: Downloadable Social Security Benefit Estimator (2019 Update)

There is a web-based version to this calculator here: https://www.doctoredmoney.org/ss-benefit-calculator That might be useful for those having issues with older versions of excel, or no excel at all, or formulas that don't work in other software. Until recently, it allowed cut/paste of earnings int...
by neurosphere
Fri May 31, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 46
Views: 6665

Re: Downloadable Social Security Benefit Estimator (2019 Update)

I'd be interested to know how to modify this excellent spreadsheet to deal with WEP (Windfall Elimination Provision). Such as adding an input cell for the WEP percentage. Personally, while I know of the concept of WEP, I know nothing of the formula. I could add this to the "to-do" list, but I suspe...
by neurosphere
Fri May 31, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 46
Views: 6665

Re: Downloadable Social Security Benefit Estimator (2019 Update)

Bongleur wrote:
Thu May 30, 2019 11:02 pm
Bongleur wrote:
Thu May 30, 2019 11:01 pm
I meant, put the info into the spreadsheet itself.
& the link to this thread would be useful too.
Will put on the to-do list!