Search found 76 matches

by DiehardDoc
Thu Oct 24, 2019 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11594

Re: Ok to go without health insurance?

Some members have commented on utility of carrying disability/life/home/auto/business/malpractice insurance etc at our asset level and stage in life. We did drop life insurance policy for one of us. Thinking of dropping disability insurance too. We are in cognitive fields. We have already paid premi...
by DiehardDoc
Wed Oct 23, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11594

Re: Ok to go without health insurance?

Thanks to all forum members who have responded. Apologies for not responding sooner. Have been busy with patient care. Have not read all the posts. As expected, almost everyone agrees we should carry catastrophic high deductible HSA eligible health insurance plan. Although we do not like ever increa...
by DiehardDoc
Tue Oct 22, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11594

Re: Ok to go without health insurance?

Back ground: Physician couple, self employed, family of 4, 2 adults( 46, 43) 2 kids ( 9,15), S corp. This year health insurance premium increase is almost 15%. Will cost ~16K with family deductible of 12 K to stay in PPO network. [cut] Is it too risky to go bare? One is never too rich to save money...
by DiehardDoc
Tue Oct 22, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11594

Re: Ok to go without health insurance?

I think I get it. Between whatever medical situations you can handle between you, your spouse, and colleagues (via professional courtesy?) that probably covers a ton of cases. You could also handle cases of long term issues or anything that can wait a couple days to 1 week because of your business ...
by DiehardDoc
Tue Oct 22, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11594

Re: Ok to go without health insurance?

oldfatguy wrote:
Tue Oct 22, 2019 12:13 pm
DiehardDoc wrote:
Tue Oct 22, 2019 11:18 am

While we ( physicians) have been working harder each year for less money without any increase in our reimbursements, health insurance companies have been raising premiums in double digits every year.
Sounds like just about every other person I know.
Totally agree.
by DiehardDoc
Tue Oct 22, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11594

Re: Ok to go without health insurance?

I think I get it. Between whatever medical situations you can handle between you, your spouse, and colleagues (via professional courtesy?) that probably covers a ton of cases. You could also handle cases of long term issues or anything that can wait a couple days to 1 week because of your business ...
by DiehardDoc
Tue Oct 22, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11594

Re: Ok to go without health insurance?

Do not most health insurance policies have a maximum lifetime payout? So aren't we all self-insuring for any amount over, say, the $1M max limit? No, the Affordable Care Act did away with lifetime maximums. Does that change your answer? OP, if you really can get health insurance on short notice mid...
by DiehardDoc
Tue Oct 22, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11594

Re: Ok to go without health insurance?

Only as an individual one has to wait for open enrollment. If you are a business, business can shop for coverage any time. Information from insurance company and brokers. While we ( physicians) have been working harder each year for less money without any increase in our reimbursements, health insur...
by DiehardDoc
Tue Oct 22, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11594

Ok to go without health insurance?

Back ground: Physician couple, self employed, family of 4, 2 adults( 46, 43) 2 kids ( 9,15), S corp. This year health insurance premium increase is almost 15%. Will cost ~16K with family deductible of 12 K to stay in PPO network. Cheapest Option ~ 13K with family deductible of 13.5K for restricted i...
by DiehardDoc
Sun Sep 16, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: Last Minute Tesla Referral Code
Replies: 2
Views: 454

Re: Last Minute Tesla Referral Code

Please check your inbox.
by DiehardDoc
Thu Apr 19, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 86
Views: 7563

Re: Factor in evaluating Physicians

Physician Couple . Database states we have received $100 and some change from some drug companies in 2014 and 2015. When did they spend money on us? Drug reps are not allowed in our office.We don't attend any drug sponsored talk/dinners either.It appears that they are counting stuff that they send i...
by DiehardDoc
Thu Sep 01, 2016 2:38 pm
Forum: Personal Investments
Topic: How will bogleheads allocate short term reserves of 1.7 M?
Replies: 23
Views: 2921

Re: How will bogleheads allocate short term reserves of 1.7 M?

Re: Opening account in other brokerage firms Thoughts: 1. Keep eggs in at least 2-3 different baskets. ( Not tech savvy when it comes to passwords, internet security etc) 2. new account opening bonus is secondary gain. 3. How does one time transferring "assets in kind" work from one institution to a...
by DiehardDoc
Thu Sep 01, 2016 2:08 pm
Forum: Personal Investments
Topic: How will bogleheads allocate short term reserves of 1.7 M?
Replies: 23
Views: 2921

Re: How will bogleheads allocate short term reserves of 1.7 M?

@ Livesoft :happy Thank you for your feedback. Trying to be like you. Since early 2009, because started new practice and due to unpredictable income, stopped investing on autopilot mode as there was no regular paycheck. Every year due to continuous changes in healthcare for the worse, have been work...
by DiehardDoc
Wed Aug 31, 2016 11:10 pm
Forum: Personal Investments
Topic: How will bogleheads allocate short term reserves of 1.7 M?
Replies: 23
Views: 2921

Re: How will bogleheads allocate short term reserves of 1.7 M?

Thanks for replies. May be title of the post is not clear. Requesting feedback on allocating accumulated cash into stocks/bonds in tax efficient manner. Are the etf's/funds chosen by us low cost/tax efficient? Before we executed the trades, requesting feedback to make sure we are not making major mi...
by DiehardDoc
Wed Aug 31, 2016 3:56 pm
Forum: Personal Investments
Topic: How will bogleheads allocate short term reserves of 1.7 M?
Replies: 23
Views: 2921

How will bogleheads allocate short term reserves of 1.7 M?

How to allocate short term reserves of 1.7 M? Brief Background: Both husband and wife physicians. Private practice set up as S Corp with salaries set to contribute maximum to company 401 K with all Vanguard Funds managed by employee fiduciary.( Employee + Profit sharing= ~ 106 K Combined for both)+ ...
by DiehardDoc
Mon Jul 18, 2016 1:58 am
Forum: Personal Investments
Topic: Portfolio Rebalancing Advice--- Update July 2016
Replies: 36
Views: 8772

Re: Portfolio Rebalancing Advice--- Update July 2016

Portfolio Critique Brief Background: Both husband and wife physicians. Husband in primary care, salaried employee. Wife in primary care residency, two more years to go. One child 3 years old, future plans to have a second child after wife’s completion of residency. ----- Both now in private practice...
by DiehardDoc
Thu Jul 14, 2016 11:38 pm
Forum: Personal Consumer Issues
Topic: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe
Replies: 35
Views: 3908

Re: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe

Liked: Switzerland( especially Murren , Gimmelwald) Italian Alps,( Dolomite Valley) Lake Bled in Slovenia, Austrian Alps( Hallstatt ) Disliked: City / Tourist Atmosphere ( Venice, Salzburg, Paris) At the time of our visit to Venice, it was raining and water seemed to be overflowing onto the streets....
by DiehardDoc
Thu Jul 14, 2016 12:17 am
Forum: Personal Consumer Issues
Topic: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe
Replies: 35
Views: 3908

Re: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe

Update:

Thank you for your suggestions.

Had a wonderful time in Europe.

Google maps/ translate app/eurail pass helped a lot.

Buying 22 consecutive days pass was an overkill.

Alps in Austria/ Switzerland/Italy/Slovenia were wonderful.

Already planning next trip to Europe.
by DiehardDoc
Fri Jun 03, 2016 7:41 pm
Forum: Personal Consumer Issues
Topic: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe
Replies: 35
Views: 3908

Re: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe

Downloaded translate app. Called At&T for data package ~ $60 for 300mb?. Mainly will use for google maps. Will finalize trip hopefully by tonight and start making train and hotel reservations for remaining days. With Paris floods thinking of spending only last 2 days in Paris? Thanks for all the sug...
by DiehardDoc
Thu Jun 02, 2016 10:07 pm
Forum: Personal Consumer Issues
Topic: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe
Replies: 35
Views: 3908

Re: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe

Thanks again for light packing recommendation. Bought 2 carryon with wheels /backpack/daypack convertible. That is all we plan to carry with us. From the suggestions so far, it appears that Eurail global pass isn't going to be that useful. Since we haven't started the journey yet, can we return it? ...
by DiehardDoc
Thu Jun 02, 2016 6:55 pm
Forum: Personal Consumer Issues
Topic: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe
Replies: 35
Views: 3908

Re: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe

Thank you everyone for helping out and for your suggestions.

Have posted this on FT and Rick Steve's forum as well as per your suggestions.

Hoping to finalize before we fly on June 6.
by DiehardDoc
Thu Jun 02, 2016 3:04 pm
Forum: Personal Consumer Issues
Topic: 22 days Eurail Global Pass for Scenic Rail Journeys in Europe
Replies: 35
Views: 3908

22 days Eurail Global Pass for Scenic Rail Journeys in Europe

Hello forum members, Forum has helped us tremendously over financial matters in the past. Sincere thanks to everyone who contributes here regularly. We are a couple in early 40's planning to travel Europe via rail starting June 6- until June 30 2016. This will be our first trip to Europe. Interested...
by DiehardDoc
Thu Sep 17, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tax reduction tips
Replies: 8
Views: 1897

Re: Tax reduction tips

Thanks everyone for your suggestions.

We are in our late 30's early 40's. Other retirement plans as suggested probably are not a good option at this stage.

Will work on buying a medical office building.
by DiehardDoc
Tue Sep 15, 2015 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tax reduction tips
Replies: 8
Views: 1897

Tax reduction tips

We are a two physician ( husband and wife) small family practice. Our largest expense category percentage wise is tax. We are looking for tax reduction tips. We file as a S corp . One person is owner, other is employee. 2 other part time employees. Revenue ~850K Expenses~55-60% Profit is added to pe...
by DiehardDoc
Sun Aug 09, 2015 12:02 am
Forum: US Chapters
Topic: Congrats to Laura Dogu
Replies: 67
Views: 10714

Re: Congrats to Laura Dogu

Congratulations!

We want you to know that only because of your hand holding and help while we were learning to invest we have reached critical mass.

Thank you!
by DiehardDoc
Mon Oct 13, 2014 3:58 pm
Forum: Personal Consumer Issues
Topic: Travel To Cancun Area Christmas 2014
Replies: 3
Views: 738

Travel To Cancun Area Christmas 2014

Planning to travel with family ( kids 4 and 10) to Cancun area for approximately 10 days. Have gone through some previous threads. Requesting current recommendation(s) regarding family friendly resorts. Budget $ 3k-5K for family of 4 excluding air travel. Looking for 2br/2 bath accommodation, on the...
by DiehardDoc
Tue Feb 18, 2014 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning- Attorney fees $5.5K
Replies: 34
Views: 6021

Re: Estate Planning- Attorney fees $5.5K

Interesting to know that health insurance provider picks up the cost.Is this some new benefit under new health care law?
by DiehardDoc
Mon Feb 17, 2014 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning- Attorney fees $5.5K
Replies: 34
Views: 6021

Re: Estate Planning- Attorney fees $5.5K

Thanks everybody.

Will read more about it before making decision.

Dieharddoc.
by DiehardDoc
Tue Feb 11, 2014 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning- Attorney fees $5.5K
Replies: 34
Views: 6021

Estate Planning- Attorney fees $5.5K

We have been quoted fees of $5.5K for financial power of attorney, health care power of attorney, Living Will, Memorial Directive, revocable living trust, Pour over wills, LLC formation for second property in the same state. We live in a large metropolitan area in Midwest. We know from previous thre...
by DiehardDoc
Tue Aug 06, 2013 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Average cost to build a 5000 sq feet house
Replies: 56
Views: 78272

Re: Average cost to build a 5000 sq feet house

Thanks to everyone. Lots of helpful suggestions. Lot size is approximately 0.4 acres. Subdivision where lot is located doesn't have any new homes built in the last 3 years. Most of the homes are > 20 years old. Price range is 700-900K. If I build an expensive home relative to other existing homes, i...
by DiehardDoc
Mon Aug 05, 2013 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Average cost to build a 5000 sq feet house
Replies: 56
Views: 78272

Re: Average cost to build a 5000 sq feet house

Have any bogleheads successfully saved on this average price quote without sacrificing quality?

We all strive for lower expense ratios.

Is it possible to save (say 25$ on a quote of $200) per square feet without actually becoming a builder?

Thanks.
by DiehardDoc
Mon Aug 05, 2013 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Average cost to build a 5000 sq feet house
Replies: 56
Views: 78272

Average cost to build a 5000 sq feet house

We are going to close on a lot soon and would like to start building a new house as soon as possible. Lot is in a suburb of major Midwestern metropolitan city. What is the average price we should expect to pay for relatively upscale finishing for 2013-2014 ? Upscale-- white lime brick exterior, 10-1...
by DiehardDoc
Mon Aug 05, 2013 7:56 pm
Forum: Personal Consumer Issues
Topic: How to improve our child's creative writing skills
Replies: 9
Views: 1116

How to improve our child's creative writing skills

Our child is 9 and is great at reading and loves to read a lot.

We would like to improve her writing skills.

Can you suggest some good resources ?

Thanks.

Dieharddoc
by DiehardDoc
Sun May 12, 2013 9:57 am
Forum: Personal Investments
Topic: Portfolio Rebalancing Advice--- Update July 2016
Replies: 36
Views: 8772

Re: Portfolio Rebalancing Advice--- Update May 10, 2013

@Grabiner and Livesoft: Thanks.

Will change to lower cost fidelity total bond fund right away.
by DiehardDoc
Wed Oct 17, 2012 12:43 am
Forum: Personal Investments
Topic: Retirement plan options for small s Corp business
Replies: 10
Views: 3199

Re: Retirement plan options for small s Corp business

Revisiting this issue again: How to grow a medical practice and save maximum for retirement in tax deferred accounts for founding partners? Planning to hire 2 additional FT Physician employees. Accountant advised to stop solo 401k and start a new 401 k plan. Disadvantage for us- cannot contribute mo...
by DiehardDoc
Sun Nov 27, 2011 8:38 pm
Forum: Personal Investments
Topic: Retirement plan options for small s Corp business
Replies: 10
Views: 3199

Re: Retirement plan options for small s Corp business

Thanks a lot. Looks like it is complicated. Our ages are 39 and 35, it appears that we may not be eligible for defined benefit plans. Are there any good websites that compare these kind of plans? I googled and found some comparison charts, but did not get details of vesting schedule and how much max...
by DiehardDoc
Sun Nov 27, 2011 4:46 pm
Forum: Personal Investments
Topic: Retirement plan options for small s Corp business
Replies: 10
Views: 3199

Re: Retirement plan options for small s Corp business

@dhodson

Thanks.

Is there a plan where we can contribute upto 250k combined?
How much do we have to contribute towards employees account in case we defer above mentioned sum in our accounts?
How much does it cost on an average to implement such plan(s)?
by DiehardDoc
Sun Nov 27, 2011 1:17 pm
Forum: Personal Investments
Topic: Retirement plan options for small s Corp business
Replies: 10
Views: 3199

Retirement plan options for small s Corp business

Background: Physician owned practice. S Corp . One spouse is owner and the other is employee. Current retirement plan: solo 401 k Fidelity 49 k per year for both husband and wife. Employees - 2 part time < 1000 hours/ year Due to growth need to change PT status to FT status for both employees. What ...
by DiehardDoc
Mon Jan 05, 2009 11:00 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report
Replies: 24
Views: 5967

Thanks Paulob

Will look into USAGX.

Looks like it has recovered nicely as compared to VGPMX due to holdings in Gold stocks.
by DiehardDoc
Sun Jan 04, 2009 9:00 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report
Replies: 24
Views: 5967

67/33 first 5months,changed to 85/15 in May, by December 31st 74/26

1year: -38%
3 year: - 13%

Any suggestions for alternatives to Vanguard precious metals fund ( VGPMX)?

I sold most of my position in VGPMX for TLH.

Thanks.
by DiehardDoc
Sun Jan 04, 2009 8:14 pm
Forum: US Chapters
Topic: HAPPY NEW YEAR! FROM JACK BOGLE
Replies: 84
Views: 57028

Thank you

Mr. Bogle, wish you a very healthy and happy new year to you and your family!
by DiehardDoc
Wed Dec 31, 2008 8:13 pm
Forum: Investing - Theory, News & General
Topic: "Maximum Tolerable Loss" -- Not just a fear factor
Replies: 553
Views: 116761

I sold everything today and locked in losses of over 250K. Maybe because the veterans like Sheepdog,Taylor are telling us this time it is different. It was an eyeopener for me to know that Larry S had a limit on max dollars invested in equities and it was not a percentage as per AAP. I have started ...
by DiehardDoc
Wed Dec 31, 2008 7:51 pm
Forum: Investing - Theory, News & General
Topic: Toughest investment action for you in 2008?
Replies: 12
Views: 2240

I sold everything today and transferred to MM.

It was very painful to lock in losses over 250K.
by DiehardDoc
Thu Nov 06, 2008 7:55 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report
Replies: 28
Views: 8643

1 year return -41%

3 year return -14%

:(
by DiehardDoc
Thu Oct 09, 2008 10:44 pm
Forum: Investing - Theory, News & General
Topic: Common Sense versus Stay the Course
Replies: 73
Views: 17702

To Dan Morobashi: Why did I change from 70:30 to 85:15?

PostPosted: Sat May 17, 2008 7:52 pm Post subject: Changing Asset Allocaton to 85/15 S:B Reply with quote Edit/Delete this post One last point, you have a low mortgage that will reset in the not to distant future. If you are planning to stay where you are then you should probably be looking to refin...
by DiehardDoc
Thu Oct 09, 2008 10:34 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 356
Views: 186302

Please stay calm!

Quote: Brama says this is barely a bear market. That is not completely true, it is not a bear market at all, not even barely. It just reached the definition of a "Correction" which is a 10% downturn. We have a good ways to go before we are in a bear market. Just taking this poll shows non experienc...
by DiehardDoc
Wed Oct 08, 2008 9:52 pm
Forum: Investing - Theory, News & General
Topic: Common Sense versus Stay the Course
Replies: 73
Views: 17702

Thanks, Sheepdog

Brama says this is barely a bear market. That is not completely true, it is not a bear market at all, not even barely. It just reached the definition of a "Correction" which is a 10% downturn. We have a good ways to go before we are in a bear market. Just taking this poll shows non experience with ...
by DiehardDoc
Wed Oct 01, 2008 9:28 pm
Forum: Investing - Theory, News & General
Topic: Have you changed your target asset allocation?
Replies: 26
Views: 4515

Third, even though I wanted to own gold, I settled for VGPMX. Which is now heavier into coal, steel and such than gold. While gold is now doing what I wanted done in my portfolio at times like this, my substitute VGPMX has fallen off a cliff. Sad Sad Sad Looks like we were thinking along the same l...