Search found 634 matches

by ks289
Sun Sep 08, 2019 7:06 am
Forum: Personal Consumer Issues
Topic: Mensa membership
Replies: 90
Views: 7498

Re: Mensa membership

Mensa is not really all that exclusive anyway. Top 2% (or one in fifty people) is an equivalent of ACT 33 or SAT 1500. That is below average at many top universities. If you have to join somewhere really snobby, the Triple Nine Society accepts top 0.1%, so only one in 1,000 people (or one out of 20...
by ks289
Mon Jun 10, 2019 1:06 pm
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1657

Re: How to get good at a racket sport without coaching?

You are already good if not exceptional if you're pushing to that level. I'm not familiar with squash, but reaching 5.0 in tennis at age 42 would be truly phenomenal (attaining the level of a former Division 1 player in the top 125 now in their 40s). https://www.usta.com/content/dam/usta/pdfs/10013_...
by ks289
Sat Jun 01, 2019 2:06 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 40906

Re: For those who earn $500k+ per year. How'd you do that?

Physician (gastroenterology) - 3 years medicine residency, 3 years fellowship My income has ranged $500-600K for the last 9 years depending on productivity and vacation. Wife is also physician. Work an average of 50 hours a week with 6-8 weeks of call a year (which may average out to another 20 hour...
by ks289
Mon May 27, 2019 6:43 am
Forum: Personal Consumer Issues
Topic: is A in accelerated better than B in honors for undergrad application.
Replies: 22
Views: 1844

Re: is A in accelerated better than B in honors for undergrad application.

The point scale you’ve presented gives clear values for the grades at the different levels. An A in accelerated is worth 4.25 vs B in Honors is worth 4. This suggests what other posters have stated that a B is likely below average in many classes. It is clear that given the choice between these two ...
by ks289
Thu May 23, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19818

Re: Very High Net Worth, elite private or “good” public

You think every kid, to be successful, needs to do aix hours a week of extra academics outside of school as a GRADE SCHOOLER? No. Just no. If the school offered a language, would do that. But elite elementary does not, so we provide it. Math sucks too, 1700 kids in her first after school math progr...
by ks289
Thu May 23, 2019 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19818

Re: Very High Net Worth, elite private or “good” public

We do pay for additional enrichment - about four hours a week of high quality math instruction, two hours a week of Mandarin language training, plus some non-academic stuff such as gymnastics and martial arts. I also personally tutor her in random programming languages on occasion and in Chess. Pub...
by ks289
Thu May 23, 2019 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19818

Re: Very High Net Worth, elite private or “good” public

We do pay for additional enrichment - about four hours a week of high quality math instruction, two hours a week of Mandarin language training, plus some non-academic stuff such as gymnastics and martial arts. I also personally tutor her in random programming languages on occasion and in Chess. Pub...
by ks289
Wed May 22, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19818

Re: Very High Net Worth, elite private or “good” public

- research shows that there is little difference in going public vs private in life salary outcomes (when you control for everything else) This was one of my big reasons of us doing public. IF private can guarantee better pre college education or better test scores or better college acceptances or ...
by ks289
Tue May 21, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19818

Re: Very High Net Worth, elite private or “good” public

- research shows that there is little difference in going public vs private in life salary outcomes (when you control for everything else) This was one of my big reasons of us doing public. IF private can guarantee better pre college education or better test scores or better college acceptances or ...
by ks289
Sun May 19, 2019 9:08 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6207

Re: Guidance on choosing between UMich and Brown

Specifically about the joint CS - economics concentration, it sounds somewhat rigorous for B.S. (or ScB as Brown calls it) with 20 required courses vs 16 for the B.A. (or AB at Brown). This is made more palatable by the Open Curriculum (complete absence of non-major requirements) and lenient gradin...
by ks289
Sun May 19, 2019 7:54 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6207

Re: Guidance on choosing between UMich and Brown

Please see note from my son regarding his college choices and share your thoughts (once more). This is pursuant to the previous post (link below), which was pivotal in helping him make his choice at that time. He was waitlisted at Brown at the time. https://www.bogleheads.org/forum/viewtopic.php?f=...
by ks289
Sun May 19, 2019 4:37 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19818

Re: High net worth, elite private or “good” public

Be very careful about hidden costs of forced donations. Its mostly with top 10 boarding schools but has trickled down into many day schools. It usually requires an additional 25-50k a year in donations depending on the school. They get you 2 ways. One, if you have a sibling they will not allow that...
by ks289
Sat May 18, 2019 5:43 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19818

Re: High net worth, elite private or “good” public

The individualized attention, course and activity offerings, and academic rigor of the private school need to be clearly superior in order to be worth the money and hassle of changing schools. It sounds like this school would meet those requirements. Be sure that’s the kind of place which would fit ...
by ks289
Sat May 11, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 13924

Re: College Expenses

For medical school admissions I agree that undergraduate GPA matters a great deal (probably more than the reputation/ranking of the undergraduate school), but what is missing from the analysis above is the fact that the average GPA at Harvard is 3.65 vs. Ohio State 3.17. This may reflect different ...
by ks289
Fri May 10, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 13924

Re: College Expenses

My son's high school NMF had a full-ride scholarship to study at the University of Virginia. Her parent (my co-worker) took a student loan and send her to Northwestern instead. If the odds of getting into med school are improved by getting the undergrad degree from Northwestern, that is a reasonabl...
by ks289
Mon Mar 11, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Are academic enrichment courses for school age kids worth it
Replies: 61
Views: 3537

Re: Are academic enrichment courses for school age kids worth it

There are no easy answers here since kids have such different strengths and weaknesses. I share your concerns about pushing your kids to excel, since your kids may resist (a lot) which may be counterproductive for many reasons (resentment, stress/anxiety, etc). There isn't always a clear boundary fo...
by ks289
Tue Aug 07, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 17460

Re: Will you pay for your kids' college/graduate education?

Both my wife and I had parents who supported our education. Neither of us did any jobs while getting an education. My daughter graduated from high school in 2010 and it is anticipated that by June 2019 she will have BSc, MD, MPH degrees and will start a medical residency and then support herself. W...
by ks289
Tue Aug 07, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 17460

Re: Will you pay for your kids' college/graduate education?

So you accept that beginning at a CC to save money does not impact one's ability to get into medical school, therefore, your point is what? My point is that doing 2 years of CC alone because that is what you can afford to send your kid vs. paying (which you may not be able to) for additional 2 year...
by ks289
Tue Aug 07, 2018 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 17460

Re: Will you pay for your kids' college/graduate education?

Huh? The only physician in my extended family, a cousin, attended a CC before transferring to a little known State U...and graduating with a degree in "liberal studies". He's now a gastroenterologist. Of the 3 members of my staff that left in the past year to attend medical school, one of them star...
by ks289
Sun Jul 29, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Dual language vs Traditional Public School
Replies: 23
Views: 1506

Re: Dual language vs Traditional Public School

The benefits of being bilingual outstrip anything a translator can do. Bilingual individuals tend to have more advanced verbal abilities than their monolingual peers, as well as being better problem solvers and decision makers. This is a very interesting assertion since I am monolingual. I do not d...
by ks289
Mon Jul 23, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 18634

Re: New book based on Millionaire Next Door

My parents were convinced that if you were a doctor you wouldn't have any money problems and that's just not true. :thumbsup Absolutely. It comes from the mindset that income equals wealth, but that's just plain wrong on several levels. We have a friend who's a gastroenterologist in his mid-30s. Wi...
by ks289
Sat Jun 16, 2018 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Job in MA, live in MA, RI, or CT?
Replies: 67
Views: 3698

Re: Job in MA, live in MA, RI, or CT?

Like I don't wish to pay taxes. Live in New Hampshire then and commute down 495. NH property taxes are actually the highest of the bunch Yep, and the lack of income tax will be no benefit because Mass will tax you as a non resident employee. Worst of all worlds. Contrary to reputation, Mass is actu...
by ks289
Sat Jun 16, 2018 5:41 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111320

Re: How much money do you want to retire?

A typical suburban house with 2500 sqft and 4 bedrooms will have taxes around $12K in Bostom Metrowest area *WITH* good school system. I live about 40 miles from Boston and my taxes for that house are over $13K. The assessed price is around $700K. My RE portion had been always higher than PI since ...
by ks289
Mon Jun 11, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: How much to invest in elementary education?
Replies: 37
Views: 3069

Re: How much to invest in elementary education?

I attended public school but both my children are going to a private elementary school. I am also on that schools school board. My observations are this: Private school tends to attract parents who want the best for their children and they tend to be more involved with their child's education as a ...
by ks289
Sun Jun 10, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 4326

Re: Bogleheads' College Philosophy question

Excellent advice above from other posters about minimizing college costs. If loans are necessary, be aware of loan forgiveness programs which may be available to certain professions (teachers, healthcare professionals, etc) and with certain employers (government, 501c3 organizations). https://studen...
by ks289
Wed Jun 06, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 21071

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

https://www.brookings.edu/articles/who-needs-harvard/ Pretty comprehensive review of my personal thoughts on the matter. IMO, the most pertinent statement: "The Gotta-Get-Ins can no longer claim to be the more or less exclusive gatekeepers to graduate school. Once, it was assumed that an elite-coll...
by ks289
Tue Jun 05, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 21071

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

The topic of attending highly selective colleges vs less selective colleges is understandably controversial and influenced by personal biases. However, I haven't seen anybody post the opinion that talented individuals CANNOT be successful attending a lesser school, but somehow this seems to be the s...
by ks289
Sat Jun 02, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 21071

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Your son is an extreme outlier, even among Yale graduates, of which I work with many. Perhaps, but many of his friend group are doing very well after graduation. Even the “less ambitious/successful” of his classmates have a reasonable ROI. And the overwhelming majority of my IVY (and Oxford and NYU...
by ks289
Mon May 21, 2018 2:47 am
Forum: Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1653

Re: Please help me rationalise this 401k investment choice

Maybe I'm missing something from your 401K options. Here's what I saw on your list: There are some funds that seem to have better performance than the typical Boglehead Index fund, BUT once you calculate the added fees COMPOUNDED, the performance is below the Index funds. I looked at 5 year, 10 yea...
by ks289
Thu May 17, 2018 4:41 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 8201

Re: Would you send your children to private school in my situation?

I'm not sure why many people on this thread throw out the money factor in this debate. With two children, each costing 20k per year, that's 40k per year for private school. Right now we're saving about 400-500k per year. Although we can spend 40K on private school, it would still eat into 10% of ou...
by ks289
Wed May 09, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 7886

Re: Comparing 2 physician jobs

I believe that working in the private practice allows more autonomy which is very valuable. If you like the partners in the private pracice group, and the practice has a history of low physician turnover, your chances for staying in the group are very good if you do a good job. The protocol for no ...
by ks289
Sun May 06, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 7886

Re: Comparing 2 physician jobs

I chose something akin to option 2 years ago (private practice, lower starting salary, good fit with partners). The questions and concerns I would have about option 1 include: 1. Lack of opportunities for SO 2. More call/ER coverage (you didn’t mention if there were any others in practice in the are...
by ks289
Sun May 06, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor selling a practice
Replies: 23
Views: 3523

Re: Doctor selling a practice

The staff of a practice are typically a significant part of the value of a practice, and full retention is not uncommon. The value of the practice to the buyer from an asset based approach (as opposed to a market approach) can be broken down by tangible (hard assets) and intangible assets (replaceme...
by ks289
Sun May 06, 2018 1:48 pm
Forum: Personal Investments
Topic: Start 529 Plan?
Replies: 45
Views: 3152

Re: Start 529 Plan?

One question here. Is your statement about tax benefits just about the Illinois benefits at time or contribution or also about distribution time? Assuming my kid goes to college aren't the distributions tax free saving me money on the earnings. Doesn't this make the 529 worth it? aaja, I am answeri...
by ks289
Mon Apr 23, 2018 7:06 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 47086

Re: KF's simple rules to achieve FI

I agree with KF's rules for the most part. However, I do think that being conservative is wise but has a cost as well. The idea of cash flowing college expenses has clear advantages over 529 in one main respect: flexibility. This allows money to be available for other purposes for whatever reason (j...
by ks289
Wed Apr 11, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being unreasonable? [Send daughter to private kindergarten]
Replies: 70
Views: 5098

Re: Am I being unreasonable?

I know that one data point does not mean anything. But this is our story. Daughter went to public school. She was the top student in the state (State AP scholar). This includes all private schools in the state. She got a scholarship to attend Medical school. However at the present time I am paying ...
by ks289
Wed Apr 11, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 19193

Re: Ivy school education. Is it worth i

Citation most definitely needed. Unless you count being born into the right family a superior talent, in which case I would agree. I don't have a citation handy. My comment is based on reading Stanford magazine when my daughter was studying there and marveling at how multi-talented the students wer...
by ks289
Wed Apr 11, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 19193

Re: Ivy school education. Is it worth it?

The flip side is that you don't get into an Ivy League school because your parents are movers and shakers. You get into an Ivy League school if you have superior talents: academic, creative, athletic, artistic. Citation most definitely needed. Unless you count being born into the right family a sup...
by ks289
Tue Apr 10, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 19193

Re: Ivy school education. Is it worth it?

I have a family member who recently graduated from an ivy. His comment is the opposite of this. That getting in is way harder than staying in. And that there are a lot of “not brilliant/very average” students there (legacies, athletes) who will graduate with at least average grades as long as they ...
by ks289
Fri Mar 23, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 17138

Re: Working till retirement is not a great plan

Folks, Please adjust my numbers accordingly dependent on your own circumstances. 1) Do not assume that you will be fully-employed continuously until retirement age. Make a reasonable assumption and save a fixed percentage of your gross income. I have no job security. I save 30+%. You should decide ...
by ks289
Wed Mar 21, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 5710

Re: Cost of College vs Starting Income

KF, It is unfortunate when students are not able to succeed in completing their undergraduate program from multiple standpoints (not just financial and emotional). While the adult student is ultimately responsible for completing their degree, many college age individuals are not yet at their full c...
by ks289
Tue Dec 05, 2017 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 13092

Re: Why should I donate to my alma mater?

We donate to each of our undergraduate schools and my spouse's private high school. Initially, we donated because of positive and rewarding experiences attending these institutions, but recently it has been done also to optimize legacy admission for our children. No idea if it will result in the des...
by ks289
Sun Oct 08, 2017 5:08 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 650
Views: 86230

Re: Picking College and College Scholarships

I never said that there was one “type” at Yale. Coming back to my Brown and Columbia example, how many kids do you know that would fit well into both? You did say that H and Y "attract different types," but it's possible I read too much into that. My point is that, because there is such a wide rang...
by ks289
Wed Aug 16, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 8715

Re: Plan for making child pay for part of college

There are non-randomized studies (surveys) out there showing that a majority of college students work part time, and that working less an 20 hours a week is associated with a higher GPA than not working at all. On the other hand, working more than 20 hours was associated with lower GPA and graduatio...
by ks289
Mon Aug 14, 2017 10:56 am
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 5318

Re: Public vs Private Elementary

I think the stressing the importance of education by parents plays a bigger role than private vs. public. However, when our Catholic private school students enter the public school system in grade 6, all of them are about half a year advanced compared to their public school peers and probably aroun...
by ks289
Sun Aug 13, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 5318

Re: Public vs Private Elementary

One of our children attended public school for elementary school and although it is highly rated, it was not a good fit. The personality and strengths/weaknesses of our child fit better with a small private school for gifted children that had a great deal more flexibility in catering to individual n...
by ks289
Sun Aug 13, 2017 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 10520

Re: Struggling with Justifying an Expensive Car Purchase

I might have missed it but one thing I have not seen mentioned is that it sounds like your wife will be driving the car 95% of the time. Reading between the lines I would suspect that the desire for the more expensive car is more yours than hers. If she is won't get a lot of "warm and fuzzies" out ...
by ks289
Mon Aug 07, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Please help, Public school(Move) or Private school(Stay-put) ?
Replies: 16
Views: 2366

Re: Please help, Public school(Move) or Private school(Stay-put) ?

It seems you are focusing on only cost, transportation, and diversity. But there are other considerations too: your family could have more than one child (ie, multiple tuitions in private schools), neighborhood crime/parks/cleanliness/activities, job locations (depending on what you plan to do in t...
by ks289
Tue Jul 25, 2017 5:13 am
Forum: Personal Consumer Issues
Topic: Potential Move to the Upper Valley, NH
Replies: 24
Views: 2883

Re: Potential Move to the Upper Valley, NH

Tar Heel Definitely do the math between VT and NH. My math tells me Norwich only compares positively to Hanover. Other surrounding towns (NH & VT) have better cost ratios. Definitely look at school ratings closely though or else you could end up with private school in your future ($$$). Also think ...
by ks289
Tue Jul 25, 2017 1:34 am
Forum: Personal Finance (Not Investing)
Topic: How am I doing? (dual physician household)
Replies: 45
Views: 7509

Re: How am I doing? (dual physician household)

Some more details if people are interested. Starting salary 12 years ago was quite a bit lower than it is now probably 120 less. Student loans were about 100 each. Loans were at low interest rate, paid off about 5 yrs ago. House paid off about 3 yrs ago. Majority of money in indexes but do own sign...