Search found 81 matches

by RosieQ
Wed Nov 01, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Low income but good savings rate... spend?
Replies: 23
Views: 2368

Re: Low income but good savings rate... spend?

My question is, at what point will it be acceptable to lower our savings rate to spend more? I know that I'm not happy being so "cheap" and not living to the fullest. But at the same time, I worry we won't meet our goals. I would pay off the debt first which should feel great and then just keep you...
by RosieQ
Wed Nov 01, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Low income but good savings rate... spend?
Replies: 23
Views: 2368

Re: Low income but good savings rate... spend?

I think you are off to a great start. It is very likely that your income will continue to increase over time and since you are starting early your 30%+ savings rate will be totally sufficient for retirement. However, that 30% will cover a retirement commensurate to your income currently. It won't be...
by RosieQ
Wed Nov 01, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9531

Re: I'm fairly young but done with saving money

You are in a great spot and have pretty much set yourself up for a comfortable retirement. I suspect that with as high of a savings rate as you have right now that you won't totally stop saving. However you could likely save like the average American now and be totally fine. I would focus on tax bre...
by RosieQ
Wed Oct 25, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I form an S corp
Replies: 1
Views: 250

Should I form an S corp

I'm a physician, recently finished residency and currently work for a group as a sole proprietor in California. Anual income around 300k, increasing to 360k or so in the next few years. I max out the 401k option (54k this year, 55k next year) and in Jan 1 of 2019 will be eligible to contribute an ex...
by RosieQ
Tue Oct 24, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have life insurance with Protective?
Replies: 2
Views: 279

Re: Anyone have life insurance with Protective?

I just set up a policy with them. Overall they seem to be a very respectable company with a solid A+ financial rating and a good provider of insurance. That being said, it is still best to use term4sale.com or similar to research your desired benefit amount and term length to see what other quotes a...
by RosieQ
Wed Oct 18, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Is a doctor's practice one of the safest and most profitable businesses?
Replies: 58
Views: 3916

Re: Is a doctor's practice one of the safest and most profitable businesses?

I think some physician offices can be very profitable but they are few and far between. Dermatology and plastic surgery clinics, maybe ortho, GI or a few others with an outpatient surgery center that do lots of procedures and can lease space to other providers when not running at full capacity can m...
by RosieQ
Sun Oct 08, 2017 2:20 am
Forum: Personal Finance (Not Investing)
Topic: How much is enough umbrella insurance
Replies: 6
Views: 1006

Re: How much is enough umbrella insurance

1-2MM https://www.rlicorp.com/real-life-scenarios Use dash cams and home security cams which will absolve you of gross negligence (like driving while texting) Agreed. I think that 1MM policy is so common that doing 2MM would put you above the average and be more than most lawyers would ask for. Das...
by RosieQ
Wed Sep 27, 2017 6:36 pm
Forum: Personal Consumer Issues
Topic: Sonoma in October
Replies: 56
Views: 5022

Re: Sonoma in October

In the actual town of Sonoma Sojourn Wines (amazing Pinot Noir) is a must visit. Have to call ahead for a reservation though. Their wines also taste better with food! Walt Wines just off the square is also a great stop. 3 sticks winery is also great and those 3 source from the Gap's Crown Vineyard w...
by RosieQ
Tue Sep 26, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep a term life policy I don't need if it has a positive expected value?
Replies: 34
Views: 2771

Re: Should I keep a term life policy I don't need if it has a positive expected value?

I think the small 50-60k policies in the event of death are really helpful. It's like an extra emergency fund, gives people a few months living expenses and helps pay for a funeral. Your wife wouldn't have to determine if she needs to sell specific investments to fund death related expenses. I think...
by RosieQ
Tue Sep 26, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15420

Re: Bay Area Real Estate

Personally I would put a lot of money into cash right now and start saving for a large down payment, since you'll likely need one. I think we are due for a downturn so you'll be ready if/when one happens. And if it doesn't, you'll be even more prepared with a good downpayment to afford an expensive...
by RosieQ
Tue Sep 26, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15420

Re: Bay Area Real Estate

I feel like current Bay Area housing prices require 2 well educated professionals both work and contribute to the mortgage. It's harder to get ahead, but it can be done. 2 people in tech, 2 in medicine etc. However, I'm not sure that the current growth trends can continue. The past growth in housing...
by RosieQ
Sun Aug 20, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing a vehicle
Replies: 22
Views: 3402

Re: Leasing a vehicle

The key is not being totally set on a particular vehicle. Cited without comment. Because I don't even know how to respond to that as a key part of your strategy. Nothing different with this from a lease or a buy perspective. It's simple economics and supply and demand. If you want a specific car th...
by RosieQ
Fri Aug 18, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investments that Colleges Don't Count Against You.
Replies: 18
Views: 3127

Re: Investments that Colleges Don't Count Against You.

You could do a roth conversion from another retirement account and use the cash to pay the associated taxes for that? It's a good move when you are only in the 60-70k income bracket and have an extra dependent on the books (depending on your total retirement assets)
by RosieQ
Fri Aug 18, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing a vehicle
Replies: 22
Views: 3402

Re: Leasing a vehicle

If the vehicle you want is on demand, you will never get anything near the 1% or the 1/120'th of MSRP for monthly payments. I am not sure what kind of vehicle you are looking at, but that's not helping me very much when I look at current pricing. I started collecting the Residual values and money f...
by RosieQ
Mon Aug 14, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing a vehicle
Replies: 22
Views: 3402

Re: Leasing a vehicle

I think people on this forum are too afraid of leases. In general they are more complicated, certainly a lot more complicated than a cash purchase for a car. But in essence, you are buying a car with a put option at 36 months in most cases. If you don't like it you can keep the car and pay the remai...
by RosieQ
Tue Aug 08, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital - Questions about the "Cash Flow" feature
Replies: 23
Views: 2226

Re: Personal Capital - Questions about the "Cash Flow" feature

This has been one of my main problems with personal capital as well. For me, items that are returned or refunded will either be listed as transfer, or "expense reimbursement" for both items which puts them under the "transfer" category that isn't categorized for budgeting etc. This works great when ...
by RosieQ
Mon Jun 12, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Part 2: Withdrawal Strategy and Plan
Replies: 12
Views: 1999

Re: Retire Early?? Part 2: Withdrawal Strategy and Plan

One slightly more radical option for you if you are currently living in and planning to retire to a state with high income taxes is to take a year to go abroad. If living abroad for a full year (330 days?) then you'll still have to pay federal taxes but no state. In a high cost of living area your r...
by RosieQ
Wed Jun 07, 2017 2:34 pm
Forum: Personal Consumer Issues
Topic: Installing Fencing to keep predators away from chickens?
Replies: 26
Views: 2195

Re: Installing Fencing to keep predators away from chickens?

Also live in the country. All fencing options fail. Have tried electric, 6 foot tall options, enclosed coop at night. Some lasted as long as 2 years but end in a bloodbath. Coyote, hawks, bobcat. We suspect even possum may have been involved in other incidents. We gave up.
by RosieQ
Tue Jun 06, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Married filing separately vs staying single for tax savings
Replies: 31
Views: 3094

Re: Married filing separately vs staying single for tax savings

I would absolutely not get married if it were to cost that much in opportunity cost if we lose PSLF as a result. I think that's an extreme expectation that isn't likely to materialize, but it is a risk that should be considered in our situation. My opinion: a legal/civil marriage confers substantia...
by RosieQ
Tue Jun 06, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Married filing separately vs staying single for tax savings
Replies: 31
Views: 3094

Re: Married filing separately vs staying single for tax savings

Another option is to have a religious wedding ceremony but never file the state marriage license. The ceremony may fulfill your cultural and family beliefs. As long as you have not submitted the signed marriage certificate to the state you would still be able to file as two single earners. This is ...
by RosieQ
Tue Jun 06, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Married filing separately vs staying single for tax savings
Replies: 31
Views: 3094

Re: Married filing separately vs staying single for tax savings

The BIG complicating factor are loans. Partner has a massive amount of student loans, currently being fully paid for on a monthly basis as a separate part of her compensation agreement while on IBR with 4.5 years to go towards PSLF forgiveness. Joining finances as as married filing jointly will cau...
by RosieQ
Tue Jun 06, 2017 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Married filing separately vs staying single for tax savings
Replies: 31
Views: 3094

Re: Married filing separately vs staying single for tax savings

I may have finally found a pretty accurate calculator online at http://www.tax-rates.org/income-tax-calculator/ that can differentiate between MFS/MFJ and single. Looks like about a $5600 difference in my situation of MFS vs single.

Honestly I was afraid it would have been a lot more.
by RosieQ
Mon Jun 05, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Married filing separately vs staying single for tax savings
Replies: 31
Views: 3094

Married filing separately vs staying single for tax savings

Hi Everyone. I’m looking for help with calculating the financial implications of getting married. I’m already engaged and am fully committed to my partner and we are planning a ceremony in April. However, after running some numbers I’m suspecting that getting an official marriage license may be extr...
by RosieQ
Thu Feb 02, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Are Defined Benefit Plans a rip off?
Replies: 49
Views: 4889

Re: Are Defined Benefit Plans a rip off?

Defined benefit plan sounds like an excellent potential tool for you and your husband though it does carry some risk. While it may not be a solution now it could be something to establish soon. It could allow each of you to put as much as 200k or more pre tax into retirement depending on your job si...
by RosieQ
Sun Dec 11, 2016 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 17
Views: 1786

Re: Disability Insurance

I'm calling BS on this thread. First of all, nurse case managers don't make 115,000 a year at age 31. Second, in the case of a person with monoscopic vision (using one eye only due to poor vision) does not "overload" the good eye leading to vision problems. The good eye will remain good i...
by RosieQ
Mon Nov 21, 2016 11:18 am
Forum: Investing - Help with Personal Investments
Topic: If you don't need equity risk, why buy them?
Replies: 33
Views: 2926

Re: If you don't need equity risk, why buy them?

I'm pretty sure that based on past market research 100% bonds actually adds risk to your portfolio. More risk of inflation and especially increasing interest rates in today's environment. I believe that 25-30% equities would actually be the safest investment. Do a Google search for Efficient Frontie...
by RosieQ
Mon Nov 14, 2016 11:27 am
Forum: Personal Finance (Not Investing)
Topic: The Stages of Retirement Saving
Replies: 55
Views: 11365

The Stages of Retirement Saving

I started thinking about retirement savings and goal setting and started realizing that as I planned my future career trajectory there wasn't a fixed "retirement number" but rather several, each conferring its own degree of flexibility and financial options. Phase 1: I will have saved enou...
by RosieQ
Mon Oct 31, 2016 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Value of a pension? How to compare a job with a pension to an employer without one
Replies: 17
Views: 2347

Re: Value of a pension? How to compare a job with a pension to an employer without one

I think that one could look at the anual yield of a pension in accordance with the 4% rule. ie if you receive 5000 per month= 60000 per year that could be the equivalent of 1.5 million in a traditional 401k. Things like included health benefits and the "guarantee" make it potentially more ...
by RosieQ
Wed Oct 12, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Term Life/UL from Protective through Costco
Replies: 27
Views: 4471

Re: Life Insurance Term Life/UL from Protective through Costco

I was curious about the Protective policy through Costco and its ability to extend out beyond the 20 year term as a more flexible option. Similar to some other companies doubling in price for an extra year or two, the extension on benefits for the same premium is a pretty precipitous decline. Here's...
by RosieQ
Fri Aug 19, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Could I use a Donor Advised Fund as an alternative retirement vehicle?
Replies: 46
Views: 4285

Re: Could I use a Donor Advised Fund as an alternative retirement vehicle?

Is your 501c3 a private foundation or a public charity (according to the IRS definitions)? Does it presently have any employees who receive compensation (excluding yourself)? Also, how many trustees are there of the 501c3 presently and what is their relationship with yourself? It's a Public Charity...
by RosieQ
Thu Aug 18, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Could I use a Donor Advised Fund as an alternative retirement vehicle?
Replies: 46
Views: 4285

Re: Could I use a Donor Advised Fund as an alternative retirement vehicle?

The other benefit from a non marginal tax deferment standpoint with a DAF is to provide a backup funding source for the non profit. Relying on major grants is great, but with increased staff the annual budget climbs and is more vulnerable to funding variations. I have been hesitant to grow the organ...
by RosieQ
Wed Aug 17, 2016 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Could I use a Donor Advised Fund as an alternative retirement vehicle?
Replies: 46
Views: 4285

Re: Could I use a Donor Advised Fund as an alternative retirement vehicle?

I don't understand how this is a retirement plan. You describe working for the 501 and drawing a salary. But when you retire you stop getting salary. Are you saying the charity would have a retirement plan and you would, in effect, funding with charitable deductions from your other job??? If that i...
by RosieQ
Wed Aug 17, 2016 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Could I use a Donor Advised Fund as an alternative retirement vehicle?
Replies: 46
Views: 4285

Re: Could I use a Donor Advised Fund as an alternative retirement vehicle?

It's an interesting thought but also one that has the potential to raise questions and criticisms from the outside despite the best of intentions as evidenced by some of the initial responses. There are several IRS rulings that I have found prohibiting DAF donations that involve a personal benefit (...
by RosieQ
Wed Aug 17, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Could I use a Donor Advised Fund as an alternative retirement vehicle?
Replies: 46
Views: 4285

Could I use a Donor Advised Fund as an alternative retirement vehicle?

I started a 501c3 non profit organization several years ago and have been putting a lot of my free time as well as a substantial amount of funds into the organization's activities in community health work. As my income from a separate job goes up into the 200-400k per year range I have thought about...
by RosieQ
Wed Jul 27, 2016 3:16 am
Forum: Personal Finance (Not Investing)
Topic: Expensify - free version
Replies: 6
Views: 1271

Re: Expensify - free version

I us it to keep track of my mileage while driving as well as my receipts. It has a nice feature where you can take a photo of your receipt and it will store it indefinitely. That's great for me since I have almost no hope of ever holding onto a piece of paper long-term. No complaints. Well-designed ...
by RosieQ
Sat Jul 02, 2016 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Happiness
Replies: 94
Views: 12893

Re: Money vs. Happiness

I had a similar Alaska vs elsewhere decision with a similar 2x salary proposition. The only difference is that I already have a partner. Money can buy more security and an early retirement. But what would you do with that retirement? I found that I would likely want to move to a beautiful place clos...
by RosieQ
Tue Jun 14, 2016 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs Leasing a Car
Replies: 27
Views: 2454

Re: Renting vs Leasing a Car

This can be seen from two perspectives: overall cost and cash flow. Sometimes one of those variables is more important than the other depending on your family circumstances. I am currently in a rather low paying job but expect to be transferring to a much higher paying job in the near future. So for...
by RosieQ
Thu May 12, 2016 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 279
Views: 50001

Re: Physician Retirement Savings

Also net worth can be a lot different than just retirement savings. With that high of an income you max out your traditional retirement accounts pretty quickly. Is a taxable brokerage account still retirement money in your book? Unfortunately I'm not high income enough to qualify for your survey :?
by RosieQ
Tue Apr 26, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with money (first world problem)
Replies: 15
Views: 3246

Re: What to do with money (first world problem)

I would consider maxing the government 457 (it's basically like a free extra 403b. Especially if you are in a high income tax state and expect your retirement tax bracket to be lower. Also be sure to start a taxable account over time. This has some unique opportunities for tax loss harvesting and ca...
by RosieQ
Sun Mar 27, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: The Urge to Splurge with Plastic NYT article
Replies: 30
Views: 3709

Re: The Urge to Splurge with Plastic NYT article

And with credit card you can get 1-5% back for most of your purchases.
by RosieQ
Thu Feb 25, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement strategy for working and retiring in states with different tax brackets
Replies: 1
Views: 441

Retirement strategy for working and retiring in states with different tax brackets

I grew up in California and would hope to move back eventually, probably retiring here. My two most promising job opportunities coming up are in Washington State and Alaska both of which have no state income tax. I always knew that taxes in California were high, but it's crazy to think that I would ...
by RosieQ
Mon Jan 11, 2016 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Possible windfall
Replies: 7
Views: 1562

Re: Possible windfall

Keep in mind that it is a very long road, much if which will primarily benefit the lawyers and not you or the physician. Just because there was a bad outcome doesn't mean that negligence was involved, indeed no doctor can be perfect many surgeries and procedures have inherent risks a so harm caused ...
by RosieQ
Fri Dec 18, 2015 8:35 pm
Forum: Personal Consumer Issues
Topic: Cars for those who don't want an old camry, but like a newer car
Replies: 15
Views: 2580

Re: Cars for those who don't want an old camry, but like a newer car

I think that the Tesla P85D is a truly amazing car. Incredibly fast, versatile, incredibly comfortable. However it really is a splurge too and would be hard to have all your goodies there for under 100k (though you could come close, and with gas savings could potentially justify it). I am a BMW 3 se...
by RosieQ
Thu Dec 17, 2015 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Disability income insurance questions
Replies: 3
Views: 454

Re: Disability income insurance questions

Most employer provided policies are pretty limited, though some can be plenty generous. The devil is in the details. For my employer I get 2 years of "own occupation coverage" and then any occupation coverage after that. In other words, after 2 years if you can push a broom you don't get p...
by RosieQ
Tue Nov 24, 2015 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella- Almost Too Good to be True
Replies: 36
Views: 5443

Re: GEICO Umbrella- Almost Too Good to be True

My 1 million Geico umbrella policy in CA cost $150. I got a $148 annual bundle discount on my auto insurance. It's unlikely I'll need the coverage but for $2 a year I'll gladly take the peace of mind. Glad I asked about the combination.
by RosieQ
Fri Nov 13, 2015 2:14 am
Forum: Personal Finance (Not Investing)
Topic: Balance IBR and Joint filing of taxes
Replies: 5
Views: 613

Re: Balance IBR and Joint filing of taxes

Agreed in terms of the Roth - what I'm curious about from the OP is the idea of alternating filing statuses each year between MFS and MFJ. Any thoughts? A quick look at a few states shows that the standard repayment for 200k in loans should be about $875-950 for 2 person family at 100k, and $349-41...
by RosieQ
Fri Nov 13, 2015 1:56 am
Forum: Personal Finance (Not Investing)
Topic: Balance IBR and Joint filing of taxes
Replies: 5
Views: 613

Re: Balance IBR and Joint filing of taxes

Married filing separately with a backdoor Roth IRA. It's just another step.

http://whitecoatinvestor.com/retirement ... -roth-ira/
http://whitecoatinvestor.com/backdoor-r ... -tutorial/

Great website if you haven't found it already.
by RosieQ
Wed Oct 28, 2015 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Renter's Insurance, Etc.
Replies: 3
Views: 627

Re: Renter's Insurance, Etc.

I have Geico car insurance. In looking for renters insurance I found that Geico serves as a third party reseller for renters policies and they were a bit more expensive than other options. I was able to find a good deal with State Farm where my family has other policies. One great deal to note is th...
by RosieQ
Thu Oct 01, 2015 12:56 am
Forum: Personal Finance (Not Investing)
Topic: prenup in case of divorce
Replies: 75
Views: 6879

Re: prenup in case of divorce

I just watched the Netflix movie Divorce Court and it was a a bit sensationalist and one sided, but with enough truth to it to be plenty scary. I wonder if it would be enforceable to have a prenup that basically states "I agree to have all aspects of our divorce with regards to assets and custo...
by RosieQ
Wed Sep 23, 2015 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need an individual 401k for each job?
Replies: 6
Views: 1020

Re: Do I need an individual 401k for each job?

Businesses are not related and are schedule C. I would prefer not to incorporate and out all activities together unless I have to since there is an $800+ yearly fee for that in California.