Search found 100 matches

by CordMcNally
Sat Dec 21, 2013 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Swamped In Debt - Thoughts?
Replies: 68
Views: 15138

Re: Swamped In Debt - Thoughts?

Work the debts smallest to largest. Don't focus on the interest. Why? The fewer debts you have to make monthly payments on the better your emergency fund will last in the event of a loss of income. With 6 months in emergency funds, I would do the exact opposite and focus on the largest interest rat...
by CordMcNally
Tue Nov 26, 2013 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring accounts from Edward Jones to Vanguard
Replies: 9
Views: 15946

Re: Transferring accounts from Edward Jones to Vanguard

If I remember correctly, the fee for closing an EJ account is somewhere around $90-100.
by CordMcNally
Mon Sep 23, 2013 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: PA/NP Salary arc [Physician Assistant / Nurse Practitioner]
Replies: 15
Views: 6282

Re: PA/NP Salary arc [Physician Assistant / Nurse Practition

Like most professional medical degrees, once you start working out of school/residency you're pretty much maxed out in the salary department (assuming you aren't on a partnership track). With the ever increasing bureaucracy in medicine and the seemingly exponential increase in nursing administrators...
by CordMcNally
Tue Aug 20, 2013 5:40 pm
Forum: Personal Consumer Issues
Topic: Door to door annoyances--easy way to stop?
Replies: 60
Views: 5601

Re: Door to door annoyances--easy way to stop?

I just don't answer the door. I look to see who it is first and if I don't know them, I just don't answer. Whether or not they see me doesn't play into my decision. That's a fair point. Do you have a peephole though? Just not sure it's in my constitution to look at them directly (through the glass ...
by CordMcNally
Tue Aug 20, 2013 5:16 pm
Forum: Personal Consumer Issues
Topic: Door to door annoyances--easy way to stop?
Replies: 60
Views: 5601

Re: Door to door annoyances--easy way to stop?

I just don't answer the door. I look to see who it is first and if I don't know them, I just don't answer. Whether or not they see me doesn't play into my decision.
by CordMcNally
Wed Jul 31, 2013 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Tax Free Withdrawals
Replies: 15
Views: 1381

Re: HSA Tax Free Withdrawals

My understanding is that you can be reimbursed at any time, however, you have to have the receipts.
by CordMcNally
Sat Jul 20, 2013 2:29 am
Forum: Personal Consumer Issues
Topic: Recommendation letter for someone you don't really know?
Replies: 55
Views: 20336

Re: Recommendation letter for someone you don't really know?

Invite her to come shadow you so you can write her an honest letter. After all, I doubt you got to where you are without similar assistance. Time to help another out. :sharebeer
by CordMcNally
Mon Jul 15, 2013 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Left Job/ paid too much
Replies: 26
Views: 4262

Re: Left Job/ paid too much

It isn't your money. I'd call them and let them know. Chances are, they're going to catch the mistake sooner or later.
by CordMcNally
Wed Jul 10, 2013 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: engagement ring purchase
Replies: 30
Views: 3554

Re: engagement ring purchase

Double check with the jeweler as lots of them have 0% interest offers for 12 months.
by CordMcNally
Sun Jun 16, 2013 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: novice physician investor, please help
Replies: 33
Views: 5537

Re: novice physician investor, please help

I'll echo what others have said regarding your savings. As a physician, the inflow of cash isn't the problem for reaching your retirement goals, it's the outflow that keeps people from reaching their goals. Don't feel the need to keep up with some of your physician colleagues (there's many who are l...
by CordMcNally
Mon Mar 25, 2013 8:03 pm
Forum: Personal Consumer Issues
Topic: Pharmacy as Career Choice
Replies: 69
Views: 12264

Re: Pharmacy as Career Choice

Just like most other MBAs, they're usually not worth a whole lot unless experience comes with it.
by CordMcNally
Sat Mar 23, 2013 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Student Loans Early or Aggressively Save Retirement$?
Replies: 7
Views: 1678

Re: Payoff Student Loans Early or Aggressively Save Retireme

I would take care of the 6% and 6.5% loans before investing. I'd refinance the car loan with PenFed then I'd probably invest before putting extra money towards the rest of the debt.
by CordMcNally
Fri Mar 08, 2013 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Am I financially ready to buy this house?
Replies: 40
Views: 2997

Re: Am I financially ready to buy this house?

I have several unrelated thoughts on this so I'll just throw them in a bullet point format. I live in a part of America where house prices aren't near the prices they are in your part, however, I would never feel comfortable purchasing a house for ~10x my annual income. I also think assuming it will...
by CordMcNally
Thu Feb 14, 2013 2:22 am
Forum: Personal Consumer Issues
Topic: Lexus RX 300. Timing belt. $884.
Replies: 55
Views: 16387

Re: Lexus RX 300. Timing belt. $884.

Estimate: Timing belt 89.00 Fan belt 51.00 Fan belt 14.00 Waterpump 183.00 Timing belt tensioner 94.00 Coolant 30.00 Labor 94.00/hr * 4.5 hr 423.00 Labor total 423.00 Parts total 461.00 Sub-Total 884.00 Parts tax The dealerships also have a solid markup in their prices. Just searching a popular nat...
by CordMcNally
Mon Feb 11, 2013 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: How do things look to you young investors these days?
Replies: 87
Views: 9300

Re: How do things look to you young investors these days?

I think it's all relative for the most part. I do think a significant amount of people are in for a rude awakening concerning lifestyle changes (i.e. those with $20k/yr jobs with brand new vehicles, the latest designer clothes, eating out every night, etc.). For those that live beneath their means a...
by CordMcNally
Fri Nov 09, 2012 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: investing newbie/medical resident looking for advice
Replies: 20
Views: 3611

Re: investing newbie/medical resident looking for advice

I'm also a fellow resident and I think you're on the right track. With the interest rate on our debt being at 6.8%, it's a difficult situation trying to figure out if it would be best to pay down that debt or put it into the stock market to possibly earn more (or less). I'm doing very close to the s...
by CordMcNally
Wed Nov 07, 2012 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Whole Life
Replies: 17
Views: 2850

Re: Whole Life

As a resident in the medical field, I find it disheartening how, for such a highly educated crowd, the medical field is incredibly uneducated when it comes to pretty much anything financial related. Financial guys make the policies sound good because they're salesmen and they make a nice commission ...
by CordMcNally
Thu Sep 06, 2012 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: 2 Comma Club
Replies: 60
Views: 8704

Re: 2 Comma Club

You've already got 2 commas, what's adding another one on there? :D Congrats!
by CordMcNally
Sat Sep 01, 2012 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Going to law school as an adult
Replies: 36
Views: 4214

Re: Going to law school as an adult

Why would you question if improving yourself is worthwhile ? Improving yourself is always worthwhile. If you went to law school and did not get a JD, you would still be better off. I think it could be argued that if he were $40,000 in debt without a JD and no increase in work salary, then the impro...
by CordMcNally
Fri Aug 24, 2012 10:33 am
Forum: Personal Finance (Not Investing)
Topic: taking out a loan to pay for student loans?
Replies: 8
Views: 859

Re: taking out a loan to pay for student loans?

I'm in a similar boat as you as far as student loans are concerned. I've thought about trying to get a bank or credit union to loan me the payoff amount at a more reasonable interest rate and putting them as the beneficiary for part of my life insurance policy to cover the loan amount plus interest....
by CordMcNally
Tue Aug 21, 2012 10:30 pm
Forum: Local Chapters and Bogleheads Community
Topic: Kansas City Diehard Group
Replies: 36
Views: 12117

Re: Kansas City Diehard Group

I'm also in the area.
by CordMcNally
Sat Aug 18, 2012 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Financial plans, girlfriend just out of grad school
Replies: 34
Views: 5742

Re: Financial plans, girlfriend just out of grad school

I think the dangerous part about these loan repayment programs is that they haven't come close to fruition yet. Call me a pessimist but I just don't see the government forgiving all this money from people earning $75k. I do think some low income earners will likely get some loans forgiven but not th...
by CordMcNally
Thu Aug 16, 2012 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Best Rate on Term Life Insurance
Replies: 9
Views: 1511

Re: Seeking Best Rate on Term Life Insurance

I, too, used term4sale.com and ended up with Banner. Pretty easy process and I have no complaints.
by CordMcNally
Fri Jun 08, 2012 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: We inherited $200,000 and here is my synopsis of the market
Replies: 163
Views: 13525

Re: We inherited $200,000 and here is my synopsis of the mar

This is market timing. Don’t hate me. But my personal plan is to leave my money alone once it is invested. I think these sentences probably raise the biggest flag for me because I'm not sure if your personality that wants to try its hand at market timing will let you just leave it alone once it's i...
by CordMcNally
Wed Jun 06, 2012 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: We inherited $200,000 and here is my synopsis of the market
Replies: 163
Views: 13525

Re: We inherited $200,000 and here is my synopsis of the mar

The responses you are getting are likely with regards to you stating that you have been reading the forum for about a month yet all of your points are centered around timing which is not a Boglehead principle.
by CordMcNally
Mon May 28, 2012 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life and Disability Insurance - what to do?
Replies: 50
Views: 5344

Re: Term Life and Disability Insurance - what to do?

In reference to your question numbers: 2.) Try using term4sale.com. You don't need the highest rated companies (i.e., AAA). AA rated companies will work just fine for term life insurance. As far as amount, it depends on how much your dependents would need to live comfortably without you and your inc...
by CordMcNally
Sun May 20, 2012 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Buying into a restaurant group; later in life
Replies: 30
Views: 2756

Re: Buying into a restaurant group; later in life

A great rule of thumb is to always avoid partnerships...especially so if you'll be a minority partner.
by CordMcNally
Mon May 14, 2012 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan vs. mortgage pmt
Replies: 6
Views: 819

Re: Student loan vs. mortgage pmt

What kind of house price are you looking at?

I'd pay down the student loans. The interest rates will likely be low for the foreseeable future.
by CordMcNally
Thu May 10, 2012 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Right time to buy for me? Some advice please.
Replies: 24
Views: 2239

Re: Right time to buy for me? Some advice please.

Don't forget to weigh the actual costs of owning a home into the equation (maintenance, repairs, etc.).
by CordMcNally
Wed May 02, 2012 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Physician in Training/Need Advice
Replies: 6
Views: 594

Re: Physician in Training/Need Advice

1.) For your emergency fund, figure out what 6 months of expenses would cost and put that amount in an emergency fund. 2.) A vacation fund would be a separate account than your emergency funds. 3.) Money for 'any other life events' would be classified under the emergency fund. 4.) There's nothing an...
by CordMcNally
Mon Apr 30, 2012 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: One month free, 13 month lease question
Replies: 11
Views: 3004

Re: One month free, 13 month lease question

P.S. I have seen this implemented various ways. One is just to prorate the free month over the 13; you pay 12/13 of the official rent every month. Another is to give you the first month free, so you make a payment of zero followed by 12 payments of the official rent each month. Of course there is a...
by CordMcNally
Fri Apr 27, 2012 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Chesapeake Energy Corp (NYSE: CHK)
Replies: 13
Views: 1482

Re: Chesapeake Energy Corp (NYSE: CHK)

I just get the feeling that more stuff is going to come out. It has also been said by several people in the know that their accounting is reminiscent of Enron because it's so convoluted and I do know for a fact that they liquidating quite a bit of holdings. With that said, I don't own any individual...
by CordMcNally
Sun Mar 04, 2012 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Federal vs. Private Student Loans
Replies: 28
Views: 2168

Re: Federal vs. Private Student Loans

Unfortunately, you won't be able to find any private student loans for less than what you can get them from the government. To the best of my knowledge, I don't believe private loans have the same options that you may be interested in such as IBR or deferment. The days of consolidating loans in the ...
by CordMcNally
Sat Feb 25, 2012 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: How to protect assets from partner's addict daughter?
Replies: 94
Views: 8267

Re: How to protect assets from partner's addict daughter?

You're getting played by your partner and her daughter whether you realize it or not and whether they admit it or not. This will not end well.
by CordMcNally
Sat Feb 25, 2012 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Interesting analysis for physicians: MDs deceptive income
Replies: 119
Views: 11808

Re: Interesting analysis for physicians: MDs deceptive incom

And to follow this line of thinking... Possibly it will come to a point where people on Medicare won't be able to find a doctor and will force the gov't to increase the medicare rates for those procedures so more will sign up. At that point society will at least partially determine how much a docto...
by CordMcNally
Sat Feb 25, 2012 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Interesting analysis for physicians: MDs deceptive income
Replies: 119
Views: 11808

Re: Interesting analysis for physicians: MDs deceptive incom

And to follow this line of thinking... Possibly it will come to a point where people on Medicare won't be able to find a doctor and will force the gov't to increase the medicare rates for those procedures so more will sign up. At that point society will at least partially determine how much a docto...
by CordMcNally
Sat Feb 25, 2012 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Interesting analysis for physicians: MDs deceptive income
Replies: 119
Views: 11808

Re: Interesting analysis for physicians: MDs deceptive incom

Some docs are underpaid, some are overpaid, and some are paid what they're worth, just like any other profession. It isn't a secret that most docs are terrible with finances and money. They go from not making much (compared to hours worked) in residency to earning at least 4x their income the previo...
by CordMcNally
Sun Feb 19, 2012 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: What is the median household income in the US?
Replies: 3
Views: 1245

Re: What is the median household income for the US?

Virtually every income number that you see listed anywhere is always before taxes. There are usually two different reported numbers if you're looking at a particular city: household income and family income. They're both measuring exactly what they say there are...household is measuring everyone's i...
by CordMcNally
Sun Feb 12, 2012 12:19 am
Forum: Investing - Help with Personal Investments
Topic: 401k, Roth IRA, or Student Loans?
Replies: 9
Views: 1330

Re: 401k, Roth IRA, or Student Loans?

Pay off your student loans as fast as you can. At 7%, you can't get a guaranteed return greater than that elsewhere.
by CordMcNally
Fri Feb 10, 2012 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Finance discussion at parties.
Replies: 40
Views: 3013

Re: Finance discussion at parties.

DIscussing finance at parties can be akin to talking politics. It can get heated at times and uncomfortable. Talking business or an overall discussion on the markets can be ok but once you delve into personal opinions, stock picks, etc., it can become a sticky situation fast.
by CordMcNally
Fri Feb 10, 2012 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Relatives making snarky remarks about finances
Replies: 49
Views: 5328

Re: Relatives making snarky remarks about finances

Are they actually asking you for money or just making comments assuming you make 'all that money'? The grandmother comment just sounds like she's proud of you and trying to brag about you. My grandfather does this in regards to profession and it's embarrassing, at least to me, but he doesn't mean an...
by CordMcNally
Thu Feb 09, 2012 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put money: business loan, student loan, or mortgage
Replies: 33
Views: 2206

Re: Where to put money: business loan, student loan, or mort

Bob's not my name wrote:Quote error. I didn't write that.
My apologies. I fixed it. Maybe I'll become computer literate someday. :D
by CordMcNally
Thu Feb 09, 2012 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put money: business loan, student loan, or mortgage
Replies: 33
Views: 2206

Re: Where to put money: business loan, student loan, or mort

Unless there is a personal guarantee, why would you put $175k into a corporation to pay off a loan when he himself admits that the business has the potential to disappear in 10 years? That's pretty much just pissing away money. The business won't 'cease to exist' per say, it'll most likely be bough...
by CordMcNally
Thu Feb 09, 2012 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put money: business loan, student loan, or mortgage
Replies: 33
Views: 2206

Re: Where to put money: business loan, student loan, or mort

I'd knock out the 8% business loan and put some towards your mortgage to at least get a comfortable cushion between your mortgage and what your house is valued at (you may already be there since we don't know what you originally paid for the house and what it's currently worth). The latter would be ...
by CordMcNally
Wed Feb 08, 2012 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: How best to help brother financially
Replies: 35
Views: 3825

Re: How best to help brother financially

Your brother doesn't need financial help, he needs financial knowledge. Giving him money will do nothing as he doesn't truly know what to do with it.
by CordMcNally
Wed Feb 08, 2012 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Help with negotiating medical bills
Replies: 64
Views: 3461

Re: Help with negotiating medical bills

It appears we'll have to agree to disagree. Indeed. If you think that a doctor can charge and bill patients whatever price he wants for any service, assuming the patient didn't ask about the price in advance, then we do disagree. Now you're putting words in my mouth. I never said doctors should be ...
by CordMcNally
Tue Feb 07, 2012 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Help with negotiating medical bills
Replies: 64
Views: 3461

Re: Help with negotiating medical bills

It's as simple as taking some initiative and asking about prices beforehand. Most people don't. Again, how do we know the prices the OP was charged were not reasonable? None of us know exactly what services he was provided. The idea of reasonable price is lost in healthcare because it involves thing...
by CordMcNally
Tue Feb 07, 2012 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Help with negotiating medical bills
Replies: 64
Views: 3461

Re: Help with negotiating medical bills

In your analogy, I did not order a $1,000 hamburger, I ordered a $50 hamburger, but I was charged $1,000. All I can say is wow. I can't believe how many people think that if you don't ask about all charges in advance, then a doctor can charge whatever they want, no matter how unreasonable. If that ...
by CordMcNally
Tue Feb 07, 2012 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help with negotiating medical bills
Replies: 64
Views: 3461

Re: Help with negotiating medical bills

Normally, except in an emergency, you'd always ask for the amount, net of insurance, for the service up front. That would be the time to determine whether you're comfortable with the charges or not, not after you've received the service. Admittedly I've had occasional misunderstandings with unexpec...
by CordMcNally
Tue Feb 07, 2012 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Help with negotiating medical bills
Replies: 64
Views: 3461

Re: Help with negotiating medical bills

It looks like the visit was a non-emergency outpatient visit. The OP should have called around for more information and made their decision accordingly...or invested the time and money to obtain the level of medical knowledge required to manage their condition.