Search found 22 matches

by ace1400
Tue Mar 28, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Red light camera Fort Worth
Replies: 50
Views: 3785

Re: Red light camera Fort Worth

Some posters are framing this as a moral issue and I agree. However, I come to the opposite conclusion they do. It is now very well established that red light cameras increase accidents and injuries. Companies that promote them and profit from them of course claim the opposite, by only considering a...
by ace1400
Mon Feb 06, 2017 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score: How low is too low?
Replies: 17
Views: 2363

Credit Score: How low is too low?

I have a number of credit cards that I use to buy inventory etc for my business to take advantage of the rewards. Typically I max out 3 cards per month. I could spread it across more cards, but I concentrate on the cards with the best rewards. As a result, my credit utilization is quite high, and I ...
by ace1400
Thu Aug 04, 2016 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Depending on stability of ACA marketplace for next 8 years?
Replies: 40
Views: 3676

Re: Depending on stability of ACA marketplace for next 8 years?

Do be very cautious about the limited networks. In my area, the only Doctor in a rather significant specialty area that was in network for a popular ACA plan was someone I had never heard of, so I looked into it. His "office " was a mail drop. He didn't have a working telephone number. Non...
by ace1400
Mon Jul 11, 2016 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Due diligence before becoming a shareholder in a medical practice
Replies: 30
Views: 3126

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

You may not need $5K worth of help. I think the advice you have gotten so far is generally quite correct. Namely, if they can't explain to you your compensation formula, there is a problem. If you will be taking a pay cut to be a partner, there is a problem. The only reasons to be a partner are to h...
by ace1400
Fri Apr 22, 2016 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Specialists Looking for career advice
Replies: 42
Views: 6421

Re: Physician Specialists Looking for career advice

One additional point: Hospitals often pursue revenue shifting between doctors and hospital services from insurance companies. It goes like this: when the insurance contract comes up for renegotiation, the hospital offers the insurer a X% cut in reimbursement for services provided by hospital employe...
by ace1400
Fri Apr 22, 2016 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Specialists Looking for career advice
Replies: 42
Views: 6421

Re: Physician Specialists Looking for career advice

1. This depends on your field. If you are comfortable disclosing which area of medicine you are going into, you may get more helpful advice. In general, subspecialists get most of their patients via referrals from other physicians, so a larger multispecialty group has the advantage of a built-in ref...
by ace1400
Wed Mar 30, 2016 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Clothing budget for DVM's, MD's, and other kinds of Medical Professionals
Replies: 38
Views: 3873

Re: Clothing budget for DVM's, MD's, and other kinds of Medical Professionals

1. MD - Mostly office based 2. Scrubs and white coat, with polished dress shoes. Medelita makes more tailored scrubs (i.e. not sized to fit the most obese person in the hospital) with nice fabrics, nice pockets and they hold up very well. I have them embroidered with my name and the organization log...
by ace1400
Tue Feb 02, 2016 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Cash Balance vs. Taxable
Replies: 19
Views: 1693

Re: Cash Balance vs. Taxable

There is little question that you should participate. While that seems like a high expense ratio, remember, that is TAX FREE (for now) and (assuming she is actually an employee as you stated) is virtually guaranteed against loss - the investment risk is taken by the owners, not the employees. With S...
by ace1400
Sat Jan 30, 2016 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Cash Balance Plan
Replies: 23
Views: 3484

Re: Cash Balance Plan

@ccf - any recommendations for specific TPA's? It is true that depending on how things are set up, it may limit the amount you can contribute to a 401k plan, but it dramatically increases your total possible tax deferred space. It limits the employer, not employee portion of the 401k contribution, s...
by ace1400
Fri Jan 29, 2016 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Balance Plan
Replies: 23
Views: 3484

Re: Cash Balance Plan

There is very little good information about cash balance plans available. The plans can be customized to a considerable degree and depending on your provider they will develop significantly different looking plans. A few answers I have been given during our process so far - I'm looking forward to an...
by ace1400
Fri Jan 22, 2016 7:28 pm
Forum: Personal Consumer Issues
Topic: Geothermal Heat Pumps
Replies: 18
Views: 2335

Re: Geothermal Heat Pumps

I recently replaced a ground source heat pump system (GSHP) with an air source heat pump system. I would not purchase GSHP system after what I learned trying to fix our system. The box itself (from water furnace or climate master) are extremely expensive ($7-10K for just the box - I needed two) and ...
by ace1400
Thu Jan 14, 2016 1:38 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 81
Views: 22900

Re: Interactive Brokers (Best Kept Secret)

I make regular purchases of index ETF, and my experience with IB has been that their executions much more than make up for their very small commissions when compared to "free" ETF trades from other brokers. When buying at IB, there is no drama, I can do a market order and it executes insta...
by ace1400
Fri Jan 23, 2015 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Implied Rent as a consideration when deciding rent vs buy
Replies: 4
Views: 673

Re: Implied Rent as a consideration when deciding rent vs bu

With my local/state/fed/Obamacare tax rate of >50%, Is your marginal tax rate really >50% or is that just a manner of speaking? If the former (how?), this should be one years' earnings to you, or less. Which means that the computed yield is really such a small thing for such a short period of time ...
by ace1400
Thu Jan 22, 2015 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Implied Rent as a consideration when deciding rent vs buy
Replies: 4
Views: 673

Re: Implied Rent as a consideration when deciding rent vs bu

...If I could buy the place for $500,000, why would I not do this?... Is it worth $500,000? From your opening paragraph it seems you think it's overpriced. Have you done any comps against comparable properties? I'm not even going to think about all your other comments until we learn if it's fairly ...
by ace1400
Thu Jan 22, 2015 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Implied Rent as a consideration when deciding rent vs buy
Replies: 4
Views: 673

Implied Rent as a consideration when deciding rent vs buy

I'm currently renting a condo unit that I like very much and will likely want to live in this location long term. I have approached the owner about selling it and she is willing, however the price seems high to me. When I do a traditional rent vs. buy calculator (the NYT one is my favorite m) it see...
by ace1400
Tue Jul 29, 2014 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Paycheck division/saving for yearly expenses & contributions
Replies: 10
Views: 1608

Re: Paycheck division/saving for yearly expenses & contribut

Thanks for all the great ideas here. I think this has pointed me to the way forward. I will check out YNAB also.

Ace
by ace1400
Sat Jul 26, 2014 2:08 am
Forum: Personal Finance (Not Investing)
Topic: Paycheck division/saving for yearly expenses & contributions
Replies: 10
Views: 1608

Paycheck division/saving for yearly expenses & contributions

There has to be an easier way of doing this than what I have figured out. I have some monthly expenses/contributions, some yearly expenses, some twice yearly things, and I'm having trouble figuring out an automated way of saving for them. What I have done so far is have my HR department at work depo...
by ace1400
Sat Mar 01, 2014 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on selecting medical school
Replies: 30
Views: 2708

Re: Advice on selecting medical school

Also an MD, with somewhat different advice... Having been involved with some of the residency and fellowship decisions in a very competitive specialty, my perspective is that if you have the opportunity to go to a very top (Definitely Harvard, Hopkins, and Stanford, maybe UCSF, UPenn, and Wash U) me...
by ace1400
Mon Jan 27, 2014 7:24 pm
Forum: Investing - Theory, News & General
Topic: Recommendations for Cash Balance Plan Providers
Replies: 0
Views: 304

Recommendations for Cash Balance Plan Providers

My organization is considering a cash balance plan on top of our 401K/safe harbor plan. I have read many of the thread on the general pros and cons of these plans in general, but I am looking for specific providers from people who have experience with them - either recommendations or warnings. We ar...
by ace1400
Sat Dec 28, 2013 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: House Cost as a multiple of post-tax income
Replies: 18
Views: 1957

Re: House Cost as a multiple of post-tax income

Many thanks for all the responses. My question may not have been the most precise, but at this point I think I have a feel for what range I should be looking at. Having a formula is comforting to me, so I think that regardless of the method used to pay for the renovation (pay cash vs bank loan) I sh...
by ace1400
Thu Dec 26, 2013 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: House Cost as a multiple of post-tax income
Replies: 18
Views: 1957

Re: House Cost as a multiple of post-tax income

Ok, so the way it is usually discussed (25-33% of pretax annual income being total housing expense: PITI + maintenance) sounds like the best way to think about it. So this would be true even if not financing the purchase? I plan to finance a relatively small amount of the cost, probably 50% (we have...
by ace1400
Thu Dec 26, 2013 2:23 am
Forum: Personal Finance (Not Investing)
Topic: House Cost as a multiple of post-tax income
Replies: 18
Views: 1957

House Cost as a multiple of post-tax income

Hi, Longtime reader, first-time poster. I haven't found anything in the archives specifically addressing this. My wife and I recently purchased a home, on the perfect lot, in our dream neighborhood. The house itself isn't great, and by this I mean it is highly unusual, and arranged in such a way tha...