Search found 613 matches

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: 66
Views: 2477

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: 433
Views: 50232

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: 2380

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: 3546

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: 17288

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: 17288

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: 17288

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: Investing - Help with Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1350

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: 6371

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: 6124

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: 6124

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: 2814

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: Investing - Help with Personal Investments
Topic: Start 529 Plan?
Replies: 45
Views: 2109

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: 32061

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: 4179

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: 13598

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: 13598

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: 13598

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: 14100

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: 4500

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: 10613

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: 624
Views: 68515

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: 7523

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: 4505

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: 4505

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: 8522

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: 2095

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: 2192

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: 6814

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...
by ks289
Thu Jul 20, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation and Subspecialties
Replies: 52
Views: 5458

Re: Physician Compensation and Subspecialties

You shoudlnt look at compensation. Instead, it is compensation by hours worked. I know two MDs. One works 12-14 hour days, 6 days a week, 365 days a year, and rarely takes vacation. he makes 2x as much as another MD in the same field, who works half as hard. So ultimately, they make the same. Inter...
by ks289
Thu Apr 06, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help with college choice
Replies: 125
Views: 7965

Re: Help with college choice

Congratulations on you son's acceptances. I echo the other posters that full tuition to Vandy is a great deal for a very competitive university with a wide range of opportunities. That's what I would probably choose having visited most of those schools (20 or so years ago). My wife had a similar dec...
by ks289
Sun Mar 19, 2017 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 57
Views: 6221

Re: Advice: Overextending by buying? How much house to buy?

I totally understand the appeal of the Bay Area. Many of my college and medical school friends who are physicians have settled there. However, a fair number of them are in specialties with higher incomes (plastic surgery, urology, radiology, etc), and most have not purchased homes in the most expens...
by ks289
Tue Mar 14, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Need help saving for college in Taxable Account
Replies: 9
Views: 1244

Re: Need help saving for college in Taxable Account

529 sounds reasonable.
Another option which is almost as flexible as parents' taxable account but which would save on taxes would be gifts to UTMA account. No taxes on unearned income up to $1050.
by ks289
Tue Mar 14, 2017 4:17 am
Forum: Personal Finance (Not Investing)
Topic: Another rent versus buy - moving from MCOL to VHCOL
Replies: 15
Views: 1866

Re: Another rent versus buy - moving from MCOL to VHCOL

Good luck in your new job. I think this is a tough decision, because your budget is a little tight not only from your mortgage, but also daycare and student loan expenses. If you hit your savings target of maxing all of your tax deferred accounts plus $3-4K per month, you'll be ok if you remain empl...
by ks289
Thu Mar 09, 2017 8:08 am
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 175
Views: 30964

Re: Sitting on cash....Waiting for a crash

Are you still 80:20 stocks:bonds? If you are uncomfortable losing perhaps 40% of your money in the upcoming crash, then it may be reasonable to rethink your asset allocation and risk tolerance moving forward. It is MUCH better to decide on this now versus at the market bottom. As long as you are not...
by ks289
Thu Mar 09, 2017 4:43 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 311
Views: 64759

Re: Physician Retirement Savings

Don't know other fields of life, but can say medicine and their jobs do NOT pay according to cost of living and actually is INVERSE. They pay based on simple supply/ demand economics. Good luck. Indeed. It's called geographic arbitrage , and I'm taking full advantage. It helps a lot that I grew up ...
by ks289
Mon Mar 06, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 311
Views: 64759

Re: Physician Retirement Savings

I'll say the same thing here (even as a fellow doc) that i have said on other threads and that is I just don't get some of the posters goals. How many folks who have worked their backends off to accumulate 5-10+ million will just be able to throw in the towel and spend lavishly when they have never...
by ks289
Mon Jan 02, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to graduate from college in 3 years?
Replies: 101
Views: 6955

Re: Is it possible to graduate from college in 3 years?

It's possible but unless saving money is the primary concern, why not just take some additional courses in school or carry a lighter course load when taking more advanced and difficult classes? There is no real advantage to rushing through college when you can enjoy it. Well, if you take away the "...
by ks289
Wed Dec 14, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68515

Re: Picking College and College Scholarships

"Moreover, there is a distinction between the weight given to legacies of alumni donors vs. non-donors. Many schools consider only undergraduate attendance for legacy status with some exceptions (Columbia for example)." I don't know of any convincing data that donors vs non-donors matters. Again, b...
by ks289
Wed Dec 14, 2016 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68515

Re: Picking College and College Scholarships

"Now, if you're a single- or double-legacy, talk away because your odds just went up five- or ten-fold -- but for that one school." I just want to say that I think this is overstated. Legacy carries little weight imo... perhaps if every factor was identical, a slight nod might go to the legacy but ...
by ks289
Thu Dec 08, 2016 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 166
Views: 25237

Re: Retirement with $8M in investments

I don't have crazy cars, I don't have crazy houses ( they are on the bigger side because we need 8 bedrooms but they are older with plastic inserts for many shower stalls, etc). Nothing overly extravagant. The vacation house in FL we love is an old rancher (updated a bit but nothing gold plated or ...
by ks289
Sun Dec 04, 2016 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68515

Re: Picking College and College Scholarships

His info session at Harvard lasted a few minutes before he texted his mother, sitting next to him, "could they be any more pretentious?" Since then, at The Game, he reports that many H students are miserable and regret their decision because of the social life. Interesting. I know many middle aged ...
by ks289
Thu Nov 10, 2016 8:08 am
Forum: Personal Consumer Issues
Topic: Medical practice partnership - schedule issues - advice needed
Replies: 41
Views: 3403

Re: Medical practice partnership - schedule issues - advice needed

I remember your prior post when you were considering buying in to this practice. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=194979&p=2987968#p2987968 I think you were concerned about alienating the administration and partners by seeking financial and structural details. Unfortunately, it s...
by ks289
Tue Nov 08, 2016 1:36 pm
Forum: Personal Consumer Issues
Topic: Which state to move for milder weather
Replies: 118
Views: 16136

Re: Which state to move for milder weather

Excellent suggestions so far. However, as mouses mentioned, seeking warmer weather carries some uncertainty given the possibility that future climate patterns may not resemble those of the past. Areas you mentioned may be more vulnerable to prolonged drought, summer heat, hurricanes, rising sea leve...
by ks289
Sat Nov 05, 2016 8:24 am
Forum: Personal Consumer Issues
Topic: How much home can/should one buy?
Replies: 144
Views: 13178

Re: How much home can/should one buy?

Literally, I treat the PITI payment as rent. KlangFool well, that is a very aberrant position. The P is not rent. It is transferred savings. It may have a positive or negative return, but over time the return has been between 0-1% real, speaking very broadly. The ITI are costs, as is maintenance. T...
by ks289
Sat Nov 05, 2016 6:21 am
Forum: Personal Consumer Issues
Topic: How much home can/should one buy?
Replies: 144
Views: 13178

Re: How much home can/should one buy?

Literally, I treat the PITI payment as rent. KlangFool well, that is a very aberrant position. The P is not rent. It is transferred savings. It may have a positive or negative return, but over time the return has been between 0-1% real, speaking very broadly. The ITI are costs, as is maintenance. T...
by ks289
Wed Nov 02, 2016 4:25 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 39436

Re: Larry Swedroe's latest market returns forecast

<snip> and planned on getting around 4% real long-term on the stock side to figure out how much I need to save. Why? How did you come up with 4% real for your plan? Planning for a low number leaves a lot of upside, which I've been lucky to experience. Why do you think 4% real is a low number? Kevin...
by ks289
Sat Oct 29, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Selling practice for a lump sum
Replies: 51
Views: 7219

Re: Selling practice for a lump sum

I agree with many of the other posters here. This offer ($1.75M PER Partner) is massive. Not only will it take years to "break even" staying in private practice, but you are at risk for the value of your practice declining. Even worse, if your practice is truly worth this much and your partners are...
by ks289
Sat Oct 29, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Selling practice for a lump sum
Replies: 51
Views: 7219

Re: Selling practice for a lump sum

I agree with many of the other posters here. This offer ($1.75M PER Partner) is massive. Not only will it take years to "break even" staying in private practice, but you are at risk for the value of your practice declining. Even worse, if your practice is truly worth this much and your partners are ...
by ks289
Sat Oct 22, 2016 4:20 am
Forum: Personal Consumer Issues
Topic: Does it matter what type of college one goes to?
Replies: 250
Views: 20562

Re: Does it matter what type of college one goes to?

I'm an attorney and where you went to law school never stops mattering. I also won't go to a doctor whose medical school isn't a name I recognize. I went to a name law school, and I've worked at places were almost everyone else did as well. My clerkship came out of an internship I got with an alum....