Search found 583 matches

by ks289
Thu Apr 06, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help with college choice
Replies: 125
Views: 5877

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: 5067

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: 839

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: 1560

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: 129
Views: 18414

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: 277
Views: 43526

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: 277
Views: 43526

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: 5522

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: 336
Views: 25994

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...
by ks289
Wed Dec 14, 2016 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 336
Views: 25994

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 l...
by ks289
Thu Dec 08, 2016 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 166
Views: 22369

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: 336
Views: 25994

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 mi...
by ks289
Thu Nov 10, 2016 8:08 am
Forum: Personal Consumer Issues
Topic: Medical practice partnership - schedule issues - advice needed
Replies: 41
Views: 2931

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. Unfortunate...
by ks289
Tue Nov 08, 2016 1:36 pm
Forum: Personal Consumer Issues
Topic: Which state to move for milder weather
Replies: 118
Views: 14260

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: 11432

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: 11432

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: 33217

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: 5885

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 pa...
by ks289
Sat Oct 29, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Selling practice for a lump sum
Replies: 51
Views: 5885

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 par...
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: 17825

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....
by ks289
Sun Oct 09, 2016 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Is Private high school in the good school district worth investing?
Replies: 78
Views: 7758

Re: Is Private high school in the good school district worth investing?

Well, I admit 500K annual income is a lot,and you can call me I am a super rich (Yay! but I still feel, I am not, yet.). But no one guarantee that level of income will last forever, we have higher level of stress and we need to prepare for the worst. Then this makes the choice very easy. Go public....
by ks289
Fri Sep 30, 2016 4:09 pm
Forum: Personal Consumer Issues
Topic: Does it matter what type of college one goes to?
Replies: 250
Views: 17825

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

ks289, I am asking specifically what if this happened to you every day for 4 years? Have you ever experienced anything close to this? Now, what would this do to you as a person? << I think pretty much everyone in the world has felt like they won't be able to complete a difficult task or keep up wit...
by ks289
Fri Sep 30, 2016 3:39 pm
Forum: Personal Consumer Issues
Topic: Does it matter what type of college one goes to?
Replies: 250
Views: 17825

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

Hector, << the fact is on an average a person who went to top college would do better than others. >> Given that only the top 33% of the student class do well and benefited from the experience, the correct answer should be on the average, a person that goes to top college does not do better. So,the...
by ks289
Fri Sep 30, 2016 2:31 pm
Forum: Personal Consumer Issues
Topic: Does it matter what type of college one goes to?
Replies: 250
Views: 17825

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

Hector, << the fact is on an average a person who went to top college would do better than others. >> Given that only the top 33% of the student class do well and benefited from the experience, the correct answer should be on the average, a person that goes to top college does not do better. So,the...
by ks289
Fri Sep 30, 2016 1:57 pm
Forum: Personal Consumer Issues
Topic: Does it matter what type of college one goes to?
Replies: 250
Views: 17825

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

I think priority and affordability matters. Lots of parents want to put their kids in best possible situation. Top colleges are likely to help kids more than other colleges. Families who can afford are likely to put their kids to top colleges. Most kids do not go to top colleges because most kids d...
by ks289
Fri Sep 30, 2016 6:17 am
Forum: Personal Consumer Issues
Topic: Does it matter what type of college one goes to?
Replies: 250
Views: 17825

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

Intelligence and ambition are the 99%. The university attended is the 1% (if anything). A good college may polish a turd, but a good student will be equally successful wherever he goes. I agree with this. I think Harvard (etc.) takes way too much credit for their students' success. They only accept...
by ks289
Tue Sep 27, 2016 12:58 pm
Forum: Personal Consumer Issues
Topic: Does it matter what type of college one goes to?
Replies: 250
Views: 17825

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

I think it matters if they are in a Nationally recognized school, like the ones you mentioned - Ivy League, Notre Dame, Stanford, Duke, Georgetown, CalTech, etc. These schools will stand out on a resume, and will have a large impact on their future success. Once you're out of the top of the top tie...
by ks289
Thu Aug 25, 2016 5:00 am
Forum: Investing - Help with Personal Investments
Topic: How do you view debt?
Replies: 108
Views: 8009

Re: How do you view debt?

Look, it's good that you are fine paying 3% interest to a bank, while your investments are making 6%. But nothing is guaranteed in life, and that may not happen going forward. It probably will, but it isn't guaranteed. And if you have any money at all in bonds, that's money that's doing nothing, si...
by ks289
Wed Aug 24, 2016 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: How do you view debt?
Replies: 108
Views: 8009

Re: How do you view debt?

I appreciate the risk aspect of debt, but I also value the potential financial benefits of leverage (namely mortgage and student loan debt). My family has benefitted greatly from taking more risk by not paying off debt aggressively to this point. No guarantees for the future of course. Not paying of...
by ks289
Wed Aug 03, 2016 5:34 pm
Forum: Personal Consumer Issues
Topic: Medical billing question re routine screening
Replies: 11
Views: 1264

Re: Medical billing question re routine screening

If you are going for an office visit for evaluation for (?abdominal) pain, then this is billed as a consultation or new patient office visit for the pain. A pre colonoscopy office visit cannot typically be included under screening, which is why many colonoscopies are booked directly without an offic...
by ks289
Sun Jul 31, 2016 7:33 am
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 7509

Re: has anyone wished they worked one or two more years

It is likely challenging for most recent retirees (particularly after 7 years of rising equities) to know whether working a year or two more will become important or not from a pure financial standpoint. Firecalc is probably the best tool to prospectively estimate success rates (in a few decades) ba...
by ks289
Sun Jul 24, 2016 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Networth = Age x Pretax income then divide by 10?
Replies: 49
Views: 7110

Re: Networth = Age x Pretax income then divide by 10?

As other posters mentioned, this is the calculator mentioned in the Millionare Next Door book for average accumulator of wealth (in the middle two quantiles). If you want to be a prodigious accumulator of wealth (top quartile) you need to divide by 5 instead of 10. All of the limits to such a simple...
by ks289
Sun Jul 17, 2016 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Too much house???
Replies: 58
Views: 6337

Re: Too much house???

With $6MM in investments, she could buy the house with cash and still have enough to immediately retire. Seems like the easiest question to answer I've seen on BH ever. If you pay cash leaving $4.5M in investments you will probably not want to retire immediately. Expenses were previously $150,000 a...
by ks289
Sat Jul 16, 2016 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for retirement without 401K
Replies: 10
Views: 1106

Re: How to save for retirement without 401K

Max out 2016 401k before leaving current job. If waiting 1 year max out 2017 401k in the latter half of 2017. If waiting 2 years you'll need to use the other options for 2017. Is it true that after your income surpassed $260,000 you can no longer contribute to 401k, regardless of whether or not you...
by ks289
Sat Jul 16, 2016 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for retirement without 401K
Replies: 10
Views: 1106

Re: How to save for retirement without 401K

Max out 2016 401k before leaving current job.
If waiting 1 year max out 2017 401k in the latter half of 2017.

If waiting 2 years you'll need to use the other options for 2017.
by ks289
Sat Jul 09, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Due diligence before becoming a shareholder in a medical practice
Replies: 30
Views: 3039

Re: Due diligence before becoming a shareholder in a medical practice

1. The attorney will be better positioned to give you specific advice after reviewing the partnership agreement. Your specific circumstances are likely completely different from many of the docs on this forum including my single specialty group. A healthcare attorney will have seen way more of these...
by ks289
Sat Jul 09, 2016 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 336
Views: 25994

Re: Picking College and College Scholarships

However, I largely agree that the study conclusions make sense and probably have tons of truth. I just think we shouldn't just dismiss the potential for value at elites in the process for some (?many) students. Okay, I'll meet you half-way. I agree there is potential for value at elites for some, m...
by ks289
Fri Jul 08, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 336
Views: 25994

Re: Picking College and College Scholarships

It's quite a scam they have going. I don't believe those benefits are worth $150,000. :oops: Too dismissive. For many families, the actual price difference is far less or even cheaper than state U after aid. For other families, the cost is not significant. For some families, the state "flagshi...
by ks289
Fri Jul 08, 2016 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 336
Views: 25994

Re: Picking College and College Scholarships

It's quite a scam they have going. I don't believe those benefits are worth $150,000. :oops: Too dismissive. For many families, the actual price difference is far less or even cheaper than state U after aid. For other families, the cost is not significant. For some families, the state "flagshi...
by ks289
Fri Jul 08, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent Boston area?
Replies: 35
Views: 3698

Re: Buy vs rent Boston area?

Panchilly, The rent vs buy question is easier to answer when you know the time frame you plan on staying with the home. Anything less than 7 years or so would strongly favor renting due to transaction costs and the risks of short term price movements. If you are likely going to have additions to th...
by ks289
Fri Jul 08, 2016 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 336
Views: 25994

Re: Picking College and College Scholarships

It's quite a scam they have going. I don't believe those benefits are worth $150,000. :oops: Too dismissive. For many families, the actual price difference is far less or even cheaper than state U after aid. For other families, the cost is not significant. For some families, the state "flagshi...
by ks289
Fri Jul 08, 2016 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent Boston area?
Replies: 35
Views: 3698

Re: Buy vs rent Boston area?

Panchilly, The rent vs buy question is easier to answer when you know the time frame you plan on staying with the home. Anything less than 7 years or so would strongly favor renting due to transaction costs and the risks of short term price movements. If you are likely going to have additions to the...
by ks289
Fri Jul 08, 2016 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 336
Views: 25994

Re: Picking College and College Scholarships

And of course, bogleheads.org has all your problems solved in spades because lots of readers graduated from Stanford and MIT and sent there kids there. Here is a 6-page thread to read: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=171074 Actually lots of readers graduated from State U, a...
by ks289
Wed Jul 06, 2016 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off 15 year mortgage early vs investing. Please suggest.
Replies: 14
Views: 1860

Re: Paying off 15 year mortgage early vs investing. Please suggest.

We are in a similar situation with a 15 year mortgage (lower rate and maybe 1.8% after considering Interest deduction). We are just saving in taxable account instead of paying it off early. No guarantees, but our investments even the munis (and yours too probably) have done far better than 2.6%. If ...
by ks289
Wed Jul 06, 2016 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 336
Views: 25994

Re: Picking College and College Scholarships

Now to be fair it might be the top 5% from state U but the top 25% from MIT that we recruit. But any student who can crack top 25% at MIT should be able to crack top 5% at the state U and the reverse as well so this is not really important to the conversation. Rodc, That is MY POINT. If a person is...
by ks289
Wed Jul 06, 2016 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 336
Views: 25994

Re: Picking College and College Scholarships

Now to be fair it might be the top 5% from state U but the top 25% from MIT that we recruit. But any student who can crack top 25% at MIT should be able to crack top 5% at the state U and the reverse as well so this is not really important to the conversation. Rodc, That is MY POINT. If a person is...
by ks289
Tue Jun 21, 2016 5:01 am
Forum: Personal Consumer Issues
Topic: Good college major quiz
Replies: 15
Views: 2028

Re: Good college major quiz

Also, just because you want to do X does not mean you should major in X. For example, a Business Major is bad for a business career. A premed major (or a biology major) is bad for getting into med school. Why? Business majors make much less money in their careers (business careers or otherwise) tha...
by ks289
Sun Jun 12, 2016 1:12 pm
Forum: Personal Consumer Issues
Topic: How many activities for your kids?
Replies: 70
Views: 7004

Re: How many activities for your kids?

I would consider the required time commitment/convenience of the activities rather than number of activities. It is easier to expose a child to a large variety of activites at the preschool age when there are fewer hours in school, no homework, and the activities themselves often require little time...
by ks289
Sun Jun 12, 2016 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Need Help!. Best way to start saving for Home Downpayment?
Replies: 22
Views: 2896

Re: Need Help!. Best way to start saving for Home Downpayment?

I like the 20% equity : 80% bond model when you have a pretty rapid rate of savings and flexible timeframe. Advantages: 1. possible return exceeding safe assets 2. possible tax loss harvesting opportunity in the event of a loss Disadvantages: 1. Loss (mitigated partially by TLH) 2. Delay in accumula...
by ks289
Mon May 30, 2016 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Private school? Any regrets?
Replies: 92
Views: 7762

Re: Private school? Any regrets?

Of course some from public schools also can and do get accepted to the higher level colleges no doubt. But it's the percentage that I think about. http://www.thecrimson.com/article/2013/9/3/freshmen-employment-demographics-geography/?page=2 Class of 2017 statistics - Harvard Sixty-one percent of th...

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