Search found 1026 matches

by goodenyou
Sat Sep 23, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Would you get flood insurance?
Replies: 25
Views: 1219

Re: Would you get flood insurance?

I live in South Texas 1 hour west of the Gulf. Never been flooded. No significant hurricanes in 21 years. Near miss on Harvey. For $1.30/day, it's well worth the piece of mind.
by goodenyou
Fri Sep 22, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Disproportionate to Investments
Replies: 16
Views: 1194

Re: Home Equity Disproportionate to Investments

If you find a great place to live and you are happy, then home appreciation has a double-edged sword. You can feel good that it appreciated in potential value, and feel lousy that you get to pay higher taxes on a gain you haven't realized. The only way to feel ultimate financial freedom is to have m...
by goodenyou
Tue Sep 19, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: 529 asset allocation
Replies: 1
Views: 204

Re: 529 asset allocation

If you have funded their education sufficiently, there is little need to take risk. I would Use a fixed asset allocation of 40% Total Stock Market Index, 40% Total Bond Index and 20% FDIC. It also depends on your "reserves". If there is a major decline like 2008, you want to be sure you have enough ...
by goodenyou
Sun Sep 17, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 2491

Re: Pocket money allowance for college student

$400/month. He lives in an apartment and it is for food/gas and incidentals. He also works as a life guard at the campus' natatorium. He makes $13/hr guarding Olympic gold medal swimmers, if you can believe it. He wasn't even a swimmer in high school. I am fortunate that he is one of those kids that...
by goodenyou
Sun Sep 10, 2017 7:38 pm
Forum: Investing - Theory, News & General
Topic: When Genius Failed by Roger Lowenstein
Replies: 31
Views: 6261

Re: When Genius Failed by Roger Lowenstein

I really liked this book. I was also amazed when my close friend from high school was referenced in the book. He was (is) a genius. By far the smartest person I have known. His story of rising from an MIT engineering graduate to a finance pioneer was truly amazing.
by goodenyou
Wed Sep 06, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8354

Re: When calculating net worth, how do you value your house?

I exclude it. It makes my balance sheet look a lot worse, since it is paid off and worth a significant amount. Not including it forces me save more to get to FI.
by goodenyou
Wed Sep 06, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8354

Re: When calculating net worth, how do you value your house?

I value it as a place to live in. When I die, it will have value to my heirs. If I sell it before I die, and I can utilize the cash difference between renting and the lump sum from the sale of my house, then I will value it differently. Of course, it has value from a strict accounting perspective. H...
by goodenyou
Tue Aug 29, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: 529 for R&B-Off Campus Housing
Replies: 17
Views: 1400

Re: 529 for R&B-Off Campus Housing

obafgkm wrote:
Tue Aug 29, 2017 6:00 am
When I saw the subject, my first thought was that "529s can pay for off-campus housing, but I doubt they can pay for Rhythm and Blues..."
At these costs, it's the Blues for sure.
by goodenyou
Tue Aug 29, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: 529 for R&B-Off Campus Housing
Replies: 17
Views: 1400

Re: 529 for R&B-Off Campus Housing

Reason? You don't have the right to live in the lap of luxury and claim it's a college expense. Attending a school that is not commuting distance from your home certainly requires housing at or near campus, but not first class luxury accommodations. No "lap of luxury". It is within the limits of th...
by goodenyou
Mon Aug 28, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: 529 for R&B-Off Campus Housing
Replies: 17
Views: 1400

Re: 529 for R&B-Off Campus Housing

That quote from Pub. 970 says to use the estimate for federal financial aid purposes by the institution for "a particular academic period and living arrangement of the student" so what does the institution say about the cost of the particular living arrangement? Many colleges provide estimates for ...
by goodenyou
Sat Aug 26, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: 529 for R&B-Off Campus Housing
Replies: 17
Views: 1400

Re: 529 for R&B-Off Campus Housing

That quote from Pub. 970 says to use the estimate for federal financial aid purposes by the institution for "a particular academic period and living arrangement of the student" so what does the institution say about the cost of the particular living arrangement? Many colleges provide estimates for ...
by goodenyou
Sat Aug 26, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: 529 for R&B-Off Campus Housing
Replies: 17
Views: 1400

529 for R&B-Off Campus Housing

Does anyone know what the limit for qualified distributions for room and board expenses are if there are different published costs based on room type? For example, a single dorm is more expensive than shared space with a community bathroom. If the equivalent off campus rental to the university dorm ...
by goodenyou
Thu Aug 17, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3436

Re: Billing 99212 for rx refill?

goodenyou wrote:
Thu Aug 17, 2017 7:30 pm
neurosphere wrote:
Thu Aug 17, 2017 5:24 pm
sawhorse wrote:
Thu Aug 17, 2017 4:38 pm
goodenyou wrote:
Thu Aug 17, 2017 2:37 pm
Just out of curiosity, how much were you billed? Most 99212 charges are minimal. I think Medicare reimburses close to $25 for a 99212. It is less than 1 RVU.
$50
My boss(es) would be thrilled to have me bill $50 for a refill. :moneybag
deleted
by goodenyou
Thu Aug 17, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3436

Re: Billing 99212 for rx refill?

Just out of curiosity, how much were you billed? Most 99212 charges are minimal. I think Medicare reimburses close to $25 for a 99212. It is less than 1 RVU. $50 My boss(es) would be thrilled to have me bill $50 for a refill. :moneybag My boss (myself) would be thrilled as well. Try running a derma...
by goodenyou
Thu Aug 17, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3436

Re: Billing 99212 for rx refill?

Just out of curiosity, how much were you billed? Most 99212 charges are minimal. I think Medicare reimburses close to $25 for a 99212. It is less than 1 RVU.
by goodenyou
Tue Aug 15, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3436

Re: Billing 99212 for rx refill?

Ask if it was a mistake or her policy. That's a great way to word it. Thank you so much! Not sure how that helps. If she says it is her policy are you going to say "No you are doing something illegal"? Not likely as that is confrontational. So you are just hoping her answer is "it was a mistake". I...
by goodenyou
Tue Aug 15, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3436

Re: Billing 99212 for rx refill?

Ask if it was a mistake or her policy.
by goodenyou
Tue Aug 15, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3436

Re: Billing 99212 for rx refill?

Deleted
by goodenyou
Tue Aug 15, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3436

Re: Billing 99212 for rx refill?

Usually the office staff calls it in after a verbal approval from the doctor. No charge is warranted. Doctors are also not compensated for fielding calls while on call either. They should be, but that is for another discussion.
by goodenyou
Mon Aug 07, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 23791

Re: How much money do you want to retire?

And once you get that one, you realize that is NOT enough and need more. I am not criticizing as I am in the same boat. For every million, you get $2,500 per month to "spend". For some, that doesn't go very far to meet their expectations in retirement. If you delay Social Security until 70, and you...
by goodenyou
Mon Aug 07, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 23791

Re: How much money do you want to retire?

mega317 wrote:
goodenyou wrote: For every million, you get $2,500 per month to "spend".
That's 3% initial withdrawal, super conservative.

Depends on what age you retire, and it's not so "super" conservative anymore.
by goodenyou
Mon Aug 07, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 23791

Re: How much money do you want to retire?

And once you get that one, you realize that is NOT enough and need more. I am not criticizing as I am in the same boat. For every million, you get $2,500 per month to "spend". For some, that doesn't go very far to meet their expectations in retirement. If you delay Social Security until 70, and you...
by goodenyou
Fri Aug 04, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 23791

Re: A poll: How much money do you need to retire?

I need $700,000 in retirement assets and a paid off home to retire at 62. I am 60, with $700,000 in retirement assets and a $40,000 mortgage. I have about 18 months to get the mortgage paid off and achieve my goal. I'm glad to see that there are some "normal" people here. I must say, when net worth...
by goodenyou
Thu Aug 03, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 23791

Re: A poll: How much money do you need to retire?

"I am shocked by the amounts that people are listing. I assume either a) they want to live fairly lavishly or b) they are listing the amount they "want"." I am 52. My NW is over $30mm and I am not convinced I have enough to retire. $22mm stocks, bonds cash, $9mm real estate. No debt. 6 kids. Lots o...
by goodenyou
Thu Aug 03, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 23791

Re: A poll: How much money do you need to retire?

Every time I get close to what I think is "critical mass", my number goes up. It's not the number, per se, it is when I can stop working and retire. At the current cash-burn rate with 3 teenage kids (college, cars, etc.,) it seems more distant. With no dependents, it would be low 7 figures in my lat...
by goodenyou
Thu Jun 08, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Housing is too expensive.
Replies: 49
Views: 6833

Re: Housing is too expensive.

Buying a house that is going to stretch yourself thin is not a good idea. Just because you can cash flow a house doesn't mean you should purchase. As others have said, the linchpin in the decision is the security of the job. The risk of not being able to unload a house, if you have to in the event t...
by goodenyou
Tue Jun 06, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding Ring repair
Replies: 5
Views: 628

Re: Wedding Ring repair

I have insurance on my wife's ring. It has lasted 20 years. So has our marriage (20 years tomorrow). Good idea to get it checked. She may ask for an upgrade, hopefully on the ring and not you. :D
by goodenyou
Wed May 31, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 24652

Re: What do you guys do on the side?

Betting on the golf course. Don't win much since I have an honest handicap, but it's what I do "on the side".
by goodenyou
Wed May 31, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 10857

Re: Play Money for Spouse....

My wife has a saying, "what's yours is mine and what's mine is mine". It works for us since she is frugal and loves to save. Thankfully, we don't put limits on each other and trust that we are each good stewards of OUR money. My wife is a NP (nurse practitioner) that works after she went b...
by goodenyou
Mon May 22, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 10046

Re: Net worth is overrated

Net worth has little meaning and is overrated when it is used to compare to others . The only relevant number to me is personal critical mass. It is the "number" that allows me to wake up without an alarm clock and live my life free of working to pay bills or accumulate assets. In golf the...
by goodenyou
Sat May 20, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 14133

Re: For those with $500k-$1m in investments...

I started a thread 5 years ago on this and added age as a twist. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=93990&p=1352962#p1352962 I was at taxable/tax-advantaged 75/25 (3:1) at that time (2012). I am now 80/20 (4:1). Most of my equities are in my taxable space and most of bonds ...
by goodenyou
Tue May 16, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 8007

Re: Anyone else agree with my logic on silicon valley housing?

EnjoyIt wrote:We moved out of NY to Texas for the same reason about 8 years ago. Our lives couldn't be better.



I did it 21 years ago. Never looked back, nor would I go back.
by goodenyou
Fri May 12, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: 3 found lazy portfolio - where to put bonds
Replies: 4
Views: 652

Re: 3 found lazy portfolio - where to put bonds

Buy a tax-exempt bond fund in a taxable account.
by goodenyou
Thu Apr 20, 2017 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: 1 million minimum MM at Fidelity
Replies: 4
Views: 1548

Re: 1 million minimum MM at Fidelity

Or you can put $250K into 4 different High-Yield Savings accounts that pay 1.05% (gsbank, synchrony, etc.). I don't get why people are putting money in MMs that are below savings account rates. Is it so money can be moved without 24-hour ACH transfer (e.g. in case I want to time the market and shif...
by goodenyou
Thu Apr 20, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about 529
Replies: 4
Views: 737

Re: Questions about 529

A_C_E wrote:If the questions are complex can anyone tell me whom to ask? Uesp doesn't know even. Nor does My accountant.


http://www.savingforcollege.com/
by goodenyou
Thu Apr 06, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 26750

Re: Low-earners- What is your profession?

Medical schools don't ban you from working while in school, but it would be very difficult to do so. I worked while in medical school, as part of a work-study scholarship to pay my tuition. I helped teach Neuroscience and ran a lab. I also did some free-lance computer programming on the side. That ...
by goodenyou
Wed Apr 05, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 26750

Re: Low-earners- What is your profession?

Astounding. I have not personally heard of student debt approaching that, though I suppose it is possible. But if they each took jobs paying $300K/year (less than median surgeon salary), lived off $200K/year pre-tax (quite a luxurious budget right out of school), and put $400K/yr into paying off th...
by goodenyou
Wed Apr 05, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 26750

Re: Low-earners- What is your profession?

I have heard of a doctor couple who has 1.2 million in student loan debt. Astounding. I have not personally heard of student debt approaching that, though I suppose it is possible. But if they each took jobs paying $300K/year (less than median surgeon salary), lived off $200K/year pre-tax (quite a ...
by goodenyou
Fri Mar 31, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11823

Re: Not opting for 529... anyone else?

Folks, 1) Many members of my friends and family are self-made millionaires. Some never entered high school. Some have graduate degrees. 2) We, uncles and aunties, sponsored many of our nephews and nieces (not our own children) through US colleges over the last 10+ years. 50% of them dropped out wit...
by goodenyou
Tue Mar 28, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: MSPGX (expense .79%) vs. Stable Value @ 3% return ??
Replies: 26
Views: 1634

Re: MSPGX (expense .79%) vs. Stable Value @ 3% return ??

You could choose the low cost equities fund in your tax privilege space and a tax-free intermediate Vanguard fund in your taxable space. I was faced with the same problem in my high cost and poor choice 401k plan at work. 3% is pretty good for a SVF.
by goodenyou
Wed Mar 22, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 7098

Re: Vehicles as a percentage of net worth

3 cars and 0.83% of my net worth
by goodenyou
Sat Mar 18, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 173
Views: 19656

Re: "Millionaire Next Door" Net Worth Formula

10x your adjusted gross income at age 50 seems very possible for someone who LBYM and invests early. I would think average of income would be applied.
by goodenyou
Wed Mar 15, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Question for Docs/Surgeons/ARNPs
Replies: 23
Views: 3210

Re: Question for Docs/Surgeons/ARNPs

If your wife spent 16 years in nursing, she is not very young. Presumably, neither are you. If she is signing in up for every 4th night of call, uncompensated, that will get old very fast. Physicians have volunteered (and most still do) for uncompensated call for many years. They volunteered to take...
by goodenyou
Thu Mar 09, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 277
Views: 46551

Re: Physician Retirement Savings

[quote="PhysicianOnFIRE] Great blog and nice post. Regarding geographic arbitrage, most salary comparisons between urban vs rural and between geographic regions do not break down the data to account for differences in distribution of practice types which exist. Particularly in procedural speci...
by goodenyou
Wed Mar 08, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 277
Views: 46551

Re: Physician Retirement Savings

I know a physician who is happy to work in California "after" she worked and saved for many years in a rural mid west practice. Her current salary does not support her current lifestyle. Her prior savings and current salary adequately support her lifestyle. After working in Texas for many...
by goodenyou
Tue Mar 07, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 277
Views: 46551

Re: Physician Retirement Savings

I am happy for you and would love to do the same. With kids and their college coming up, travel and house expenses it would be tough to lose the income. It is also scary in early 40s to just give up the prospect of financial independence In early to mid 50s by saving large amounts. Doing what you d...
by goodenyou
Tue Mar 07, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 277
Views: 46551

Re: Physician Retirement Savings

Physicians are accustomed to achievement. They have a very long pathway (and often painful) to final certification to practice medicine or perform surgery. Retirement also requires physicians to give up their identity as a doctor. It is near impossible to return to the practice of medicine after giv...
by goodenyou
Mon Mar 06, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should the money earmarked for certain expenses be part of net worth?
Replies: 52
Views: 3765

Re: Should the money earmarked for certain expenses be part of net worth?

Technically yes. I think what you are describing are sunk costs. I don't include them. An example of a sunk cost is the kids' cost of education and their 529. I am spending it now and hope to spend it all on their education. I don't expect to have even a dime left over. It is also not an insignifica...
by goodenyou
Mon Mar 06, 2017 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Searched forum, unsuccessful, how to find doctors who take Medicare
Replies: 62
Views: 3859

Re: Searched forum, unsuccessful, how to find doctors who take Medicsre

The issue here is "payer mix" Most physicians and health care organizations indeed take medicare. But there is a significant gap between payments from medicare and private insurance for the same services. So for a given practice, the mix of government (medicare, medicaid, tricare) vs priv...