Search found 1044 matches

by ram
Fri Aug 17, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 58
Views: 7018

Re: Teachers Who Have Net Worth of $1 million +

I teach medical students and medical residents and have a NW >1 M but as a physician I make more than the average high school teacher.
by ram
Mon Aug 13, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1653

Re: Key West Family Vacation - February

Glass bottom boat tour to see brightly colored fish on the corals. About 45 min out at sea.
by ram
Wed Aug 08, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14232

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 ram
Wed Aug 08, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14232

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 ram
Wed Aug 08, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14232

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

MPH Harvard 12 months ..................80 K Interesting comparison. Does Harvard's 10% fee not apply to your situation or is that only for undergrad? https://college.harvard.edu/admissions/choosing-harvard/affordability [/quote] We are fortunate to have a good income and our children will not qual...
by ram
Tue Aug 07, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 6991

Re: "Skin in the game"

I agree with the OP. Demonstrating that you are a good student is enough 'skin in the game'. I never did any job during my time as a student. The first money that I earned was as a medical resident. My daughter has done a few jobs as a tutor but all the money that she has earned during college will ...
by ram
Tue Aug 07, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14232

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. We...
by ram
Tue Aug 07, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14232

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

When my daughter was trying to decide between going to a $70K a year undergrad and a $25K (with merit scholarships) I asked her to prove to me the more expensive school would provide $180,000 more value. I also explained that the $70K*4 would wipe out her 529 account (and then some) so this would b...
by ram
Sun Aug 05, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: Matter/scatter, part 7: Bonds during the financial crisis
Replies: 8
Views: 1035

Re: Matter/scatter, part 7: Bonds during the financial crisis

So nisiprius what are your thoughts on the following strategy: 1. For those that are >5 years away from retirement: Continue investing in corporate bonds. Even if they fall they will recover in the next 5 years. 2. For retired people and those nearing retirement keep bonds worth 1 to 2 years of exp...
by ram
Sun Aug 05, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: US and UK Deep History: Safe Withdrawal Rates
Replies: 38
Views: 3230

Re: US and UK Deep History: Safe Withdrawal Rates

Thanks Siamond. Excellent analysis.
by ram
Sat Aug 04, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: Matter/scatter, part 7: Bonds during the financial crisis
Replies: 8
Views: 1035

Re: Matter/scatter, part 7: Bonds during the financial crisis

So nisiprius what are your thoughts on the following strategy: 1. For those that are >5 years away from retirement: Continue investing in corporate bonds. Even if they fall they will recover in the next 5 years. 2. For retired people and those nearing retirement keep bonds worth 1 to 2 years of expe...
by ram
Sat Aug 04, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Audi A4 -- Does Anyone Have an Opinion About It?
Replies: 31
Views: 2917

Re: Audi A4 -- Does Anyone Have an Opinion About It?

I rented one for 4 days, 300 miles last year (Silvercar). Perhaps the sportiness of any car is wasted on me. I was not impressed. I prefer Lexus LS 460 (costlier, I think) and Toyota Avalon (cheaper, I think) to the Audi A4. I like quiet reliable cars. It was not a bad car, but just not worth the pr...
by ram
Wed Aug 01, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 6752

Re: DW job in dangerous area

Last summer my daughter had a choice of attending Johns Hopkins or Harvard. We (parents) suggested and she agreed to go to Harvard mainly based on the relative safety of Boston/Cambridge vs Baltimore.
by ram
Sun Jul 29, 2018 6:57 pm
Forum: Personal Consumer Issues
Topic: ACT test - got 34, try for 36?
Replies: 61
Views: 5241

Re: ACT test - got 34, try for 36?

I live in rural midwest and had to drive my son 30 miles away for the ACT test. I got lost and we reached there 15-20 minutes after the test had started. He got 35. Later he retook it and got 36. He had good scores on PSAT, SAT etc. He got full tuition scholarship at a private college worth about 16...
by ram
Sun Jul 29, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: Dual language vs Traditional Public School
Replies: 23
Views: 1199

Re: Dual language vs Traditional Public School

I worked in 3 different countries while my children were 0 to 12 years of age. Both of them started learning 3 languages all at almost the same time. These are the 3 languages which both of us (parents) speak fluently. It is relatively easy to learn languages at young age. They always learned scienc...
by ram
Tue Jul 24, 2018 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: New Attending - Retirement Accounts
Replies: 5
Views: 650

Re: New Attending - Retirement Accounts

401K = typically 18500. But check with your practice manager. It may be higher. Many private practices may have other arrangements set up. Ask.
Wife can put 18.5 K also "from her salary"

Roth 5500 each. You can use your money for her backdoor Roth.
by ram
Tue Jul 24, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Lawsuit payout
Replies: 19
Views: 2937

Re: Lawsuit payout

Duckie gave you very good advice.
by ram
Tue Jul 24, 2018 10:00 pm
Forum: Personal Consumer Issues
Topic: big plastic storage containers for pantry
Replies: 10
Views: 763

Re: big plastic storage containers for pantry

We get it from "Container Store" . Good but costly.
by ram
Wed Jul 18, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Received IRS notice CP 2000 asking more tax. Need help.
Replies: 18
Views: 1803

Re: Received IRS notice CP 2000 asking more tax. Need help.

Thank you all for all the reassuring replies. I will keep you posted.
by ram
Wed Jul 18, 2018 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Received IRS notice CP 2000 asking more tax. Need help.
Replies: 18
Views: 1803

Re: Received IRS notice CP 2000 asking more tax. Need help.

Thanks 47 percent and HI investor. This is reassuring.
by ram
Tue Jul 17, 2018 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Received IRS notice CP 2000 asking more tax. Need help.
Replies: 18
Views: 1803

Received IRS notice CP 2000 asking more tax. Need help.

For 2016 my wife and I filed a joint return by using Turbo Tax. Yesterday I received IRS letter ( notice CP 2000) stating that I need to pay more tax. The additional tax demanded pertains to two things: 1) Withdrawal from 529 plans: I have one dependent, my daughter who was a 2nd year medical studen...
by ram
Sun Jul 15, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 303
Views: 31220

Re: Concierge medicine Worth It????

But my question was more about the "concierge medicine retainer" : I had assumed that a concierge physician charged a fee that was intended to sort of pay for extra time, so she/he could have fewer patients and more easily take more time with each. If one is just "pre-paying" medical care, how does...
by ram
Sat Jul 14, 2018 6:58 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 303
Views: 31220

Re: Concierge medicine Worth It????

https://medcitynews.com/2014/02/many-patients-primary-care-physician-care/ The article has some data about patient panel size. Thanks, ram, for the link. This is very useful info for the thread. Am assuming when the author uses the term "retainer based" PCPs that is the same as saying "concierge se...
by ram
Fri Jul 13, 2018 9:42 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 303
Views: 31220

Re: Concierge medicine Worth It????

https://medcitynews.com/2014/02/many-pa ... cian-care/
The article has some data about patient panel size.
by ram
Thu Jul 12, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15047

Re: COMING SOON: BOGLEHEADS PODCASTS

Boglehead Podcast(s).
by ram
Fri Jul 06, 2018 8:30 pm
Forum: Investing - Theory, News & General
Topic: Anyone tilting heavy to international based on current forecasts?
Replies: 38
Views: 4067

Re: Anyone tilting heavy to international based on current forecasts?

Yes. I am market timing. I used to be 70:30. Now I am 60:40. However I must clarify. I increased my bond proportion (preplanned). I did it by selling domestic equities. Another reason for changing the ratio of domestic: Intt stocks was taxes. I wanted to sell stocks and domestic stocks were in 401K ...
by ram
Fri Jul 06, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: Monthly Water Usage
Replies: 61
Views: 4211

Re: Monthly Water Usage

Your consumption is about 200 Litres per capita per day. This is fairly low by US standards, comparable to use in India, double of that in China and preposterous by the the standards of Mozambique. ( see link) http://www.data360.org/dsg.aspx?Data_Set_Group_Id=757 I once lived in the Persian Gulf reg...
by ram
Thu Jun 28, 2018 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Second malpractice insurance necessary?
Replies: 27
Views: 2582

Re: Second malpractice insurance necessary?

https://www.nejm.org/doi/full/10.1056/NEJMsa1012370

Read this NEJM article before making any decisions.
by ram
Mon Jun 25, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: anyone working overseas? pros-cons?
Replies: 22
Views: 2438

Re: anyone working overseas? pros-cons?

I have worked in the area that you mention.
List everything that you can think of and put it under "con".
For me the only thing in the "pro" list was remuneration.
by ram
Mon Jun 25, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 55
Views: 6672

Re: Contractor - Threatening Lien/Lawsuit

[/quote] I will soon be hiring contractors for a new roof and addition of a car garage. I understand "licensed" Presumably the contractor will be on a database searchable on the internet. Or do I ask for a photocopy of the licence. What is meant by "bonded" How do I confirm that they are insured. I ...
by ram
Mon Jun 25, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC: Social Security buying power has slipped by a third for retirees
Replies: 95
Views: 7103

Re: CNBC: Social Security buying power has slipped by a third for retirees

I've always thought it bizarre, which is not the same thing as saying it's unintentional, that the version of the Consumer Price Index used for Social Security is the CPI-W, in which "W" stands for "Wage Earners," which is exactly what most Social Security recipients are not. As jalbert notes above...
by ram
Sat Jun 23, 2018 4:38 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 55
Views: 6672

Re: Contractor - Threatening Lien/Lawsuit

Next time hire a licensed, bonded, insured, contractor with a verified reputation in the community for excellent work and business practice. aloha, j I will soon be hiring contractors for a new roof and addition of a car garage. I understand "licensed" Presumably the contractor will be on a databas...
by ram
Sat Jun 23, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: car for long-distance driving
Replies: 80
Views: 5319

Re: car for long-distance driving

My Lexus LS 460 is an excellent long distance driver. A 6 yr old can possibly be had for the cost of a new Camry.
by ram
Sat Jun 16, 2018 6:21 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 55
Views: 6672

Re: Contractor - Threatening Lien/Lawsuit

Next time hire a licensed, bonded, insured, contractor with a verified reputation in the community for excellent work and business practice. aloha, j I will soon be hiring contractors for a new roof and addition of a car garage. I understand "licensed" Presumably the contractor will be on a databas...
by ram
Sat Jun 16, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Too much house vs. just enough
Replies: 38
Views: 3579

Re: Too much house vs. just enough

Our house has 4 to 5 bedrooms which we do not necessarily need. But I had to have such a house for location, the size of the lot and the 3 garages that I wanted.
Houses are relatively cheap where we live.
by ram
Sat Jun 16, 2018 3:53 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 303
Views: 31220

Re: Concierge medicine Worth It????

*** B U M P *** Bringing this thread back up because yesterday received doc's letter informing me she has joined MDVip. Cost will be $1,650 a year, have until Sept 27 to make up my mind. Also contained the dire-sounding warning that this is being done first-come, first served, once she reaches "cap...
by ram
Sun Jun 10, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Renter's Insurance for College Dorm
Replies: 32
Views: 2338

Re: Renter's Insurance for College Dorm

My kids have always insured with "bank of Dad."
by ram
Sat Jun 02, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Gold Chain necklace, authentic gold
Replies: 10
Views: 1234

Re: Gold Chain necklace, authentic gold

Pure Gold(24 Karat) = $1300 / Oz. (approx)
18 Karat gold = 975/ Oz (1300 x18/24)

A 0.4 to 0.5 Oz chain should be adequate = $390 to 487.

Add about 7% (very simple) to 20% for construction cost and profit for the jeweler.
by ram
Thu May 31, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Maximum to Spend on Rent
Replies: 9
Views: 1085

Re: Maximum to Spend on Rent

Max= 3 months gross salary = 30k/yr= 2500/mo. In some parts of CA you may be forced to go higher. My daughter (student) and her friend paid about 3000/mo (1500 /head) for a fairly crappy apartment till this month in Boston in the vicinity of Harvard. I would ideally not like to stay in that apartmen...
by ram
Tue May 29, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 3825

Re: Best use for a $2k raise for a middle-income teacher

Welcome to the forum. If inflation is 3% per year for next 24 years then $5000 today will be equivalent to $10000 which is what you desire from your retirement savings for travel. For getting 10K/yr in 24 yrs you will need 250K in retirement accounts (4% withdrawal rate). With an additional 100 K yo...
by ram
Tue May 29, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best retirement places for shy senior singles
Replies: 32
Views: 4000

Re: Best retirement places for shy senior singles

Small to moderate size college town in blue locality. That would be Madison in my neck of the woods.
by ram
Sat May 12, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 13111

Re: New(ish) attending physicians in the Bay Area: Housing

We are a physician couple living in rural midwest (housing cost opposite of yours). If we were considering jobs in California we would approach it this way: 1. Lets suppose each of you makes 250K. (total 500 K) 2. Lets assume you would have bought a 1 million house in other parts of the country and ...
by ram
Mon May 07, 2018 7:39 pm
Forum: Personal Consumer Issues
Topic: How much car to buy on $250K income, $200K NW, newborn on the way
Replies: 78
Views: 6614

Re: How much car to buy on $250K income, $200K NW, newborn on the way

Upto 3 mo total income = 60K. But realistically 40 K will buy you a good SUV, minivan to complement the sedan.
by ram
Mon May 07, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to spend less on kids' tutoring fee?
Replies: 13
Views: 1960

Re: How to spend less on kids' tutoring fee?

Consider using a non traditional tutor. A college student with good scores in the relevant subject may be an option depending on where you live. During his high school my son tutored middle school students for about $10/hr. During his college years he worked for an online tutoring company teaching A...
by ram
Mon May 07, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to change jobs or should I stay put?
Replies: 70
Views: 6926

Re: Is it time for me to change jobs or should I stay put?

I have found myself near the bottom of the totem pole in the department despite my years of experience (and being told by many managers they were happy with my work. In my former role as department chair I have given both of these reviews: 1. He does good work. He is currently at an appropriate lev...
by ram
Sun May 06, 2018 9:45 pm
Forum: Investing - Theory, News & General
Topic: Natural Life Expectancy
Replies: 17
Views: 1533

Re: Natural Life Expectancy

When you say 'life expectancy' without any further details most people would assume it to be life expectancy 'at birth'. Infant mortality rate has been high historically and continues to be high in poorer parts of the world even today. Infant mortality in Central Africa in the last 10 years has been...
by ram
Sun May 06, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Elder Care Advice
Replies: 26
Views: 2294

Re: Elder Care Advice

All I will say is that your family has planned better than 90% of other families based on my experience as a physician.
by ram
Sun May 06, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 6473

Re: Comparing 2 physician jobs

I will probably try option 1 for a year or so. The offer seems very competitive especially with the singing bonus. Your partner will be out of work during this time, but may be she can use this time to do what she really love, maybe do more travel, online degree/certification or even a small busine...