Search found 456 matches

by beareconomy
Thu Apr 19, 2012 6:49 pm
Forum: Personal Investments
Topic: learning foreclosure investing?
Replies: 8
Views: 832

Re: learning foreclosure investing?

I like section 8 housing. I just get the check from the government and could care less about the condition of the place.
by beareconomy
Thu Apr 19, 2012 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed Platinum Rewards Credit Card
Replies: 33
Views: 8848

Re: PenFed Platinum Rewards Credit Card

I've had the penfed card for a bunch of years now.

Just in case I just signed up for the sallie mae 5% gas card. Also, the sallie mae gives 5% off groceries. I'll see if I get it in the mail.
by beareconomy
Thu Apr 19, 2012 5:17 pm
Forum: Personal Consumer Issues
Topic: Tempurpedic mattress--worth price? Finance it?
Replies: 63
Views: 17487

Re: Tempurpedic mattress--worth price? Finance it?

I got the Bob-o-pedic and it was a fraction of the cost of the temperpedic. It's a nice bed.
by beareconomy
Tue Apr 17, 2012 1:59 pm
Forum: Personal Investments
Topic: got my tax return back, didn't get i bonds
Replies: 11
Views: 1596

Re: got my tax return back, didn't get i bonds

Thanks for the reply. I'll check my tax return statement when I get back from my meeting this week. My accountant does may taxes.
by beareconomy
Tue Apr 17, 2012 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Med school at 29 year old, is this a viable plan?
Replies: 89
Views: 8663

Re: Med school at 29 year old, is this a viable plan?

I am a physician. I started medical school at age 21. My advice, don't go through with it unless you actually love medicine. Family medicine does NOT make 250k, more like 125k if you are lucky. Sure, specialities like anesthesia which I do can be pretty lucrative, but I don't know how long it will l...
by beareconomy
Tue Apr 17, 2012 11:27 am
Forum: Investing - Theory, News & General
Topic: Paper I bonds WILL be available via tax refund in 2012
Replies: 55
Views: 8792

Re: Paper I bonds WILL be available via tax refund in 2012

I filed paper 4 weeks ago, I was supposed to get the paper I bond as I withheld an extra 5k, but they sent me a check for 5k. I put this information in a previous post.
by beareconomy
Mon Apr 16, 2012 9:41 pm
Forum: Personal Investments
Topic: got my tax return back, didn't get i bonds
Replies: 11
Views: 1596

got my tax return back, didn't get i bonds

So I intentionally withheld $5,000 for paper i bonds and guess what, they just sent me a check from the treasury today, no i bonds as I instructed. [OT comments deleted by admin alex]

So what happened. Did the g-men run out of paper for the i bonds? Did this happen to anyone else?
by beareconomy
Mon Apr 16, 2012 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended insurance broker for DI for physicians
Replies: 1
Views: 244

Re: Recommended insurance broker for DI for physicians

I think the most important thing with disability is the own occ rider. Guardian has a very good one, so maybe just google guardian and insurance broker in California.
by beareconomy
Mon Apr 16, 2012 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Your Dumbest Financial Move
Replies: 166
Views: 19005

Re: Your Dumbest Financial Move

Going to medical school
by beareconomy
Thu Apr 12, 2012 11:13 am
Forum: Personal Investments
Topic: Contacted by Whole Life Insurance Agent - Need Help
Replies: 131
Views: 6778

Re: Contacted by Whole Life Insurance Agent - Need Help

Just say no to drugs, and any life insurance that is not term!
by beareconomy
Thu Apr 12, 2012 8:00 am
Forum: Personal Consumer Issues
Topic: Boglehead-ish Companies/brands
Replies: 51
Views: 4118

Re: Boglehead-ish Companies/brands

Bogleheads stuff

car : camry/corolla, or civic/accord
clothing : coupon places like Macy's or Kohl's
furniture : Bob's Discount Furniture
insurance : Geico or USAA
supermarket : Doesn't matter, Bogleheads go to multiple supermarkets for the best prices, but buy the cheap milk at Costco
by beareconomy
Thu Apr 12, 2012 7:52 am
Forum: Personal Investments
Topic: Why Traditional IRA?
Replies: 63
Views: 4158

Re: Why Traditional IRA?

Everyone's situation is different. If you think YOUR TAX RATE is gonna be lower in the future when you take the money out, do the traditional ira. If you think your TAX RATE will be higher in the future, do the roth ira option. It is that simple. I feel like my tax rate will be HIGHER, so I have ROT...
by beareconomy
Thu Apr 12, 2012 7:50 am
Forum: Investing - Theory, News & General
Topic: Inflation since 2000
Replies: 57
Views: 5220

Re: Inflation since 2000

I don't think cars are built as well know. The car I have from 2000 to me seems better built than my 2009. The paint is much better on the 2000. Of course the 2009 has many more safety features.
by beareconomy
Thu Apr 12, 2012 7:19 am
Forum: Investing - Theory, News & General
Topic: Inflation since 2000
Replies: 57
Views: 5220

Re: Inflation since 2000

What about the total gains including dividends of the s and p 500. I'll bet you it has been far less than even the core CPI. I think the education cost is just about right. College where I went is about double since when I graduated college 10 years ago.
by beareconomy
Sun Apr 08, 2012 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: roll over ira combined roth ira conversion question
Replies: 4
Views: 435

Re: roll over ira combined roth ira conversion question

I'm not eligible for a roth ira as I make well over 3-4x the maximum for that, so my plan was to do another backdoor roth ira.

I already maxed out the 401k.

thanks for the reply.
by beareconomy
Sun Apr 08, 2012 9:43 am
Forum: Personal Finance (Not Investing)
Topic: roll over ira combined roth ira conversion question
Replies: 4
Views: 435

roll over ira combined roth ira conversion question

So far the year 2012, because I started a new job, I did an ira rollover of a profit sharing plan to an ira. I haven't done so yet, but I also want to make a nondeductible ira contribution of $5k. The question is, when I do a roth rollover for 2012, I understand I will have to pay tax on the profit ...
by beareconomy
Sat Apr 07, 2012 5:06 am
Forum: Investing - Theory, News & General
Topic: TIPS Ladder Spreadsheets in General & Two in Particular
Replies: 98
Views: 23095

Re: TIPS Ladder Spreadsheets in General & Two in Particular

My plan is to retire around 60 and being in my early 30s, my plan with the TIPS ladder is perfect because they offer 30 year maturities now. I do notice there is a big hole between 2032 and 2040 for people who want to employ this strategy. My goal is maintain wealth, and I view the coupon payment as...
by beareconomy
Sat Apr 07, 2012 4:56 am
Forum: Personal Finance (Not Investing)
Topic: Erosion of Future purchasing power with bonds
Replies: 27
Views: 1980

Re: Erosion of Future purchasing power with bonds

You could buy VIPSX which is the TIPS bond index, that way it will track the CPI and you basically solve your question.
by beareconomy
Fri Apr 06, 2012 6:53 pm
Forum: Personal Investments
Topic: A New Doc Invests: A Sheep Among Wolves
Replies: 46
Views: 6927

Re: A New Doc Invests: A Sheep Among Wolves

I'm a physician, a few years younger and make a similar salary, but have been reading this blog for a few years now. 1. MAX you 401k options at work 2. fund a nondeductible ira for 2012 up to max 5,000 and convert to roth ira next day. I would use the vanguard fund VIPSX as TIPS are not tax advantag...
by beareconomy
Tue Apr 03, 2012 9:54 am
Forum: Investing - Theory, News & General
Topic: 401(k) - Why do employers still trust bad advice?
Replies: 47
Views: 4283

Re: 401(k) - Why do employers still trust bad advice?

war is peace
ignorance is strength

That is why people trust bad advice like high fee 401ks and joining the us army. Sounds like 1984.
by beareconomy
Mon Apr 02, 2012 3:05 pm
Forum: Personal Consumer Issues
Topic: BMW X3 series
Replies: 25
Views: 5116

Re: BMW X3 series

If you make under 6 figures, you can't afford that car. The maintence is terribly expensive. They are nice to drive. Just get a new corolla and be happy.
by beareconomy
Thu Mar 29, 2012 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Feds seems ready to dump Ally Bank
Replies: 17
Views: 2608

Re: Feds seems ready to dump Ally Bank

I think I have about 200k in 3.25% cds with 2.5 years left to go. Hopefully those cds will make it to the end. I've never had an issue with the bank. I actually used the ach feature to pay my car payments and it seemed to work fine. I actually have auto debit with my student loan, so it would be a p...
by beareconomy
Wed Mar 28, 2012 1:33 pm
Forum: Personal Investments
Topic: Help Getting Started (Medical Student)
Replies: 16
Views: 1429

Re: Help Getting Started (Medical Student)

I worked on the side in med school so I could max the roth ira. I think it was 4k/year at the time. Not it is 5k/year.

I really didn't have a problem with Ramon noodle every night. Actually, there were drug rep dinners every night, so I had nice restaurants to go to.
by beareconomy
Fri Mar 23, 2012 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Malkiel WSJ Editorial - What I Don't Like
Replies: 40
Views: 5355

Re: Malkiel WSJ Editorial - What I Don't Like

Loser compared to what? Inflation in 2011 was 3.3%. The stock market s and p 500 went up 0, but yielded 2% , so compared to inflation from the CPI it was a loser.
by beareconomy
Wed Mar 21, 2012 12:40 pm
Forum: Personal Investments
Topic: Anyone already received paper I-Bonds from Tax Refund?
Replies: 46
Views: 5136

Re: Anyone already received paper I-Bonds from Tax Refund?

I just mailed my taxes in this weekend and am waiting for my 5k i bond plus another 2k for my refund. I'll let you know when I get my i bond in the mail.
by beareconomy
Wed Mar 21, 2012 8:53 am
Forum: Investing - Theory, News & General
Topic: Monthly TIPS update for those interested
Replies: 5
Views: 969

Re: Monthly TIPS update for those interested

It seems the breakeven inflation rate has widened recently. I wonder why this has happened? I'm gonna avoid the 10 year auction this month. I don't expect a positive real yield. Maybe the 30 year auction in february with a real yield of .77 wasn't such a hot deal. I've seen the real yield on that on...
by beareconomy
Mon Mar 19, 2012 12:11 pm
Forum: Personal Investments
Topic: Inflation-protection alternatives to TIPS
Replies: 8
Views: 1750

Re: Inflation-protection alternatives to TIPS

I would be fearful of a REIT fund in an environment of rising interest rates.
by beareconomy
Mon Mar 19, 2012 9:24 am
Forum: Personal Investments
Topic: College savings - 529 Plan
Replies: 12
Views: 1287

Re: College savings - 529 Plan

Take a look at ohio college advantage 529. They have a promo now with 4 grand they will give you an extra 50. Also, it is vanguard funds at low expenses and no other fees. Only thing you lose on versus virginia is the state tax deduction.
by beareconomy
Sun Mar 18, 2012 9:31 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns: Trade cars instead of saving and investing
Replies: 38
Views: 3508

Re: Scott Burns: Trade cars instead of saving and investing

I've found it easier in life to get laid when picking my date up in my Gallardo than my Metro. I can't take it all to the grave.
by beareconomy
Sun Mar 18, 2012 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Medical career at 37?
Replies: 68
Views: 6612

Re: Medical career at 37?

As sam kineson would say, don't do it. It is not in your financial interest. In my case, I started med school at age 20. So I had plenty of time to focus. If you are independently wealthy, then I say go for it. I am currently 6 years younger than you and at my age I could never imagine going thru me...
by beareconomy
Sun Mar 18, 2012 11:49 am
Forum: Investing - Theory, News & General
Topic: Is a 2012/2013 Market Collapse Inevitable?
Replies: 49
Views: 6002

Re: Is a 2012/2013 Market Collapse Inevitable?

You can't really predict the future, but things do look pretty bad. One thing I am going to look at is tax recepits for tax year 2011 when the data comes out and compare it to 2010. I think we are in deep trouble if there is a decrease in revenue the government collects.
by beareconomy
Thu Mar 15, 2012 4:46 pm
Forum: Personal Investments
Topic: treasury direct TIP pricing with changes in CPI
Replies: 5
Views: 620

Re: treasury direct TIP pricing with changes in CPI

Question for numbercruncher. So you say if you sold the tips and had long term capitol gains, you would have to pay state tax on top of the capital gains rate of 15%? Is that correct?
by beareconomy
Thu Mar 15, 2012 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Another rent vs buy question
Replies: 15
Views: 1231

Re: Another rent vs buy question

If the rent for a year is less than 15x the cost of the place, I would buy the place. If the yearly rent is greater 15x of the place, I would rent it.
by beareconomy
Thu Mar 15, 2012 10:40 am
Forum: Personal Investments
Topic: I-Bond Rate
Replies: 32
Views: 5899

Re: I-Bond Rate

That is another excellent point. If it is 0, the forfeit is 0, so you end up with 1.53% for the year which is better than a one year bond.

I say go for it. Buy your 10k at the end of april and get your 5k return from your income taxes for 15k this year.
by beareconomy
Thu Mar 15, 2012 9:51 am
Forum: Personal Investments
Topic: I-Bond Rate
Replies: 32
Views: 5899

Re: I-Bond Rate

you have a few choices for the 2012 year in i bonds. I could buy before May 1 and get 3.06% for 6 months, then probably close to 0 for another six months for a total of 1.53% for the year. Sadly for fixed income today that is much better than 1 year cds that yield about 1%. I would anticipate with t...
by beareconomy
Thu Mar 15, 2012 9:46 am
Forum: Personal Investments
Topic: Treasury Yields Reach High For The Year
Replies: 63
Views: 4526

Re: Treasury Yields Reach High For The Year

If you hold the individual bonds or the mutual bond funds to maturity, you know exactly what you are getting, so in theory as you buy more you get a better yield. Remember with stocks, they can go down nominally in price and never go back up, a la Kodack,... You can only buy yields today, not yester...
by beareconomy
Thu Mar 15, 2012 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Does your tax accountant charge $1650?
Replies: 42
Views: 5669

Re: Does your tax accountant charge $1650?

$150 bucks for the 1040 and the 8606 forum along with state form. I don't think that is too expensive. $1650 sounds high.
by beareconomy
Wed Mar 14, 2012 10:16 am
Forum: Personal Finance (Not Investing)
Topic: MetLife and Ally most likely to go bust in next crash
Replies: 7
Views: 1991

Re: MetLife and Ally most likely to go bust in next crash

I have my disability insurance with metlife. Maybe I should have gotten the guardian policy. Oh well.
by beareconomy
Wed Mar 14, 2012 7:09 am
Forum: Investing - Theory, News & General
Topic: NYT article - Why I Am Leaving Goldman Sachs
Replies: 29
Views: 3275

Re: NYT article - Why I Am Leaving Goldman Sachs

off-topic and political comments deleted by admin alex
by beareconomy
Tue Mar 13, 2012 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Back to Med School - Financially Worth It?
Replies: 87
Views: 14562

Re: Back to Med School - Financially Worth It?

For the previous post, my residency was a joke compared to your 126 hours per week. I was maybe 60 hours per week. It was overnight call staying until 12pm the next, so basically a 24 hour shift every fourth night. 30 hours when in the ICU in order to tidy things up in the morning. Nights consisted ...
by beareconomy
Mon Mar 12, 2012 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: DI for young dual-doc household
Replies: 41
Views: 4179

Re: DI for young dual-doc household

Rather than buying one policy, how about one of you buy from one company like guardial and the other buys from metlife just in case on company becomes insolvent. Just a thought.
by beareconomy
Sun Mar 11, 2012 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Naive, Coddled and New to Personal Finance
Replies: 17
Views: 2935

Re: Naive, Coddled and New to Personal Finance

I wasn't in your shoes too many years ago. Anyway, I'll tell you what I did. First, good job finding this forum as the information you'll find here you can't even buy in a book or get from an advisor. Your first investment when you become an intern is to buy a DISABILITY POLICY. It will be cheap, an...
by beareconomy
Sun Mar 11, 2012 12:39 am
Forum: Investing - Theory, News & General
Topic: Ishares TIP dividends
Replies: 4
Views: 4009

Re: Ishares TIP dividends

[quote="#Cruncher"]According to the iShares ETF distribution schedule (1) TIP is still distributing monthly. I suspect it has paid no dividends (2) the past three months because the CPI has fallen recently. [code] Change versus Affects --------------- CPI-U CPI TIPS On Prev Mo Sep ------- ...
by beareconomy
Sun Mar 11, 2012 12:31 am
Forum: Personal Investments
Topic: Managing Massive Law School Debt
Replies: 144
Views: 10008

Re: Managing Massive Law School Debt

I think medical school is a better deal than law school financially today as the number of slots is limited. The kicker is, it is hard to get into a US medical school.
by beareconomy
Sat Mar 10, 2012 1:35 pm
Forum: Personal Investments
Topic: TIPS and taxes in taxable account question
Replies: 8
Views: 1109

Re: TIPS and taxes in taxable account question

Thanks for the explanations numbercruncher. Last year was the first time I bought tips in a taxable. It is interesting td doesn't give the correct oid on the 1099. As I continue to have questions as I figure out this product I will ask you questions. Buy the way your website is fantastic. Again than...
by beareconomy
Sat Mar 10, 2012 7:54 am
Forum: Personal Investments
Topic: TIPS and taxes in taxable account question
Replies: 8
Views: 1109

Re: TIPS and taxes in taxable account question

Sorry last quesion has to do when the TIPS bond matures. How do I figure out the bond premium amoritzation when the bond matures in 30 years that I described above? Thanks.
by beareconomy
Sat Mar 10, 2012 7:13 am
Forum: Personal Investments
Topic: TIPS and taxes in taxable account question
Replies: 8
Views: 1109

Re: TIPS and taxes in taxable account question

[quote="#Cruncher"][i]Re Feb 2041 TIPS bought Oct 2011 auction (1):[/i] Yes, you can deduct the $4.60 accrued interest per $1,000 of face value. You can also deduct $0.47 negative OID per $1,000. Some brokers report negative amounts on the 1099-OID and some don't. [i]Re Feb 2042 TIPS bough...
by beareconomy
Fri Mar 09, 2012 10:17 pm
Forum: Personal Investments
Topic: TIPS and taxes in taxable account question
Replies: 8
Views: 1109

TIPS and taxes in taxable account question

Just doing my taxes and have a question as I bought some TIPS for the first time last year in a taxable account. I understand I can deduct accrued interest as a negative adjustment on Forum 1040 scheule B of interset and ordinary dividend. So here is my question. I get a 30 year re-issued TIPS issue...
by beareconomy
Fri Mar 09, 2012 8:58 am
Forum: Personal Investments
Topic: College planning
Replies: 19
Views: 1341

Re: College planning

Couple of strategies. You can use i bonds so you don't lose principle. It is called a 529. You should check to see if you get your state's 529 tax deduction, otherwise I would recomend ohio college advantage. The best way to use it is to use the TIPS fund, having a maturation of 8 years in the short...
by beareconomy
Thu Mar 08, 2012 4:39 pm
Forum: Personal Investments
Topic: Transferring 401k $ to vanguard-need advice
Replies: 8
Views: 893

Re: Transferring 401k $ to vanguard-need advice

I would recommend you actually call vanguard at their toll free number. They will be happy to help you out. What Jack Bogle does for his investments from my understanding, I could be wrong, is he allocates his age in bonds and the rest in the stock market. That is insane you are paying 2% for an act...