Search found 564 matches

by financial.freedom
Thu Dec 03, 2020 7:39 pm
Forum: Personal Consumer Issues
Topic: Tesla Solar Shingles
Replies: 5
Views: 837

Re: Tesla Solar Shingles

I'm in similar boat, live in CA. I think they're less efficient than the other solar but like the aesthetic better. Will appreciate any feedback as well!
by financial.freedom
Mon Nov 23, 2020 1:29 pm
Forum: Personal Investments
Topic: Need advice for building a 100% fossil-fuel stock free portfolio
Replies: 95
Views: 3668

Re: Need advice for building a 100% fossil-fuel stock free portfolio

Just curious, but why are you doing this? Trying to be a bit more socially responsible that's all... There's a lot of ways to reduce pollution, and it's nice that you're thinking about the environment. The single best thing you can do to reduce carbon foot print is plant-based diet. Maybe try inves...
by financial.freedom
Sat Nov 21, 2020 1:10 am
Forum: Personal Finance (Not Investing)
Topic: What happens to buy-in equity if we lose hospital contract?
Replies: 25
Views: 2752

Re: What happens to buy-in equity if we lose hospital contract?

Our hospital has a new CEO who is making a lot of changes. Sounds like they're getting rid of the current ER group and some specialty groups, and bringing in new groups. My specialty group is okay so far, but we've been adding on a lot of additional work without more pay to appease the CEO/ admin. ...
by financial.freedom
Sat Nov 21, 2020 12:56 am
Forum: Personal Finance (Not Investing)
Topic: What happens to buy-in equity if we lose hospital contract?
Replies: 25
Views: 2752

Re: What happens to buy-in equity if we lose hospital contract?

Xrayman69 wrote: Fri Nov 20, 2020 7:35 pm Usually when someone “buys into a partnership “ they are buying a share of the assets. What are the assets? (Ie chairs, computers, accounts receivable .....)

What are the assets if the partnership had to be liquidated?
only accounts receivable (AR).
by financial.freedom
Fri Nov 20, 2020 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to buy-in equity if we lose hospital contract?
Replies: 25
Views: 2752

Re: What happens to buy-in equity if we lose hospital contract?

My question is what happens to the 70k buy in for shares as part of the C Corp? It sounds to me as if the shares purchased would be treated as "worthless stock". You would then claim a capital loss of the amount not recovered. https://taxmap.irs.gov/taxmap2018/pub17/p17-077.htm#TXMP58ca02...
by financial.freedom
Fri Nov 20, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to buy-in equity if we lose hospital contract?
Replies: 25
Views: 2752

Re: What happens to buy-in equity if we lose hospital contract?

My understanding, and I may be wrong, is that the value of the ED contract upon termination, is the value of the accounts receivable. If your group left, wouldn't you be entitled to your share of the accounts receivable? Yes, I would. My question is what happens to the 70k buy in for shares as part...
by financial.freedom
Fri Nov 20, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to buy-in equity if we lose hospital contract?
Replies: 25
Views: 2752

Re: What happens to buy-in equity if we lose hospital contract?

There is not nearly enough information to begin to provide you with a meaningful course of action. Big picture advice maybe it’s time to call out the partners in an open format on what their position really is and start counting noses. You might want to discuss being sold to the devil or merge with...
by financial.freedom
Fri Nov 20, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to buy-in equity if we lose hospital contract?
Replies: 25
Views: 2752

Re: What happens to buy-in equity if we lose hospital contract?

Times-three wrote: Fri Nov 20, 2020 2:36 pm Sorry if I’m misunderstanding the part about profit. Is the 10-15k your draw, or is the 10-15k above and beyond your draw.
Sorry, I probably shouldn't have called it "profit." That's my draw from that contract.
by financial.freedom
Fri Nov 20, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to buy-in equity if we lose hospital contract?
Replies: 25
Views: 2752

Re: What happens to buy-in equity if we lose hospital contract?

To me it seems that you will end up at a loss on an investment and that can be offset against other gains or 3K/yr of earned income. I am a direct employee of a hospital but do understand that 4-5 states do not allow it. Under normal circumstances over how many years were you expecting to recoup yo...
by financial.freedom
Mon Nov 16, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to buy-in equity if we lose hospital contract?
Replies: 25
Views: 2752

Re: What happens to buy-in equity if we lose hospital contract?

I'm trying to understand this one part...you paid $70k to a hospital to give you a job?? If not, where is that money now? Thank you for your reply. In my area, hospitals are not allowed to employ physicians directly. Rather, there are contracts given to specialty groups (or a foundation) that then ...
by financial.freedom
Sat Nov 14, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to buy-in equity if we lose hospital contract?
Replies: 25
Views: 2752

Re: What happens to buy-in equity if we lose hospital contract?

Thank you both, appreciate it. I’ll reach out to CPA.
Best,

FF
by financial.freedom
Fri Nov 13, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: What happens to buy-in equity if we lose hospital contract?
Replies: 25
Views: 2752

What happens to buy-in equity if we lose hospital contract?

Our hospital has a new CEO who is making a lot of changes. Sounds like they're getting rid of the current ER group and some specialty groups, and bringing in new groups. My specialty group is okay so far, but we've been adding on a lot of additional work without more pay to appease the CEO/ admin. S...
by financial.freedom
Wed Aug 26, 2020 12:57 am
Forum: Personal Consumer Issues
Topic: charging an EV
Replies: 250
Views: 15776

Re: charging an EV

I've had ICE, hybrid, and now EV. Definitely prefer the EV. No issue with charging -- there's apps to find places if you're going on a road trip, but usually charge at work (for free) or at home. If I were road-tripping, would prob just time the charging with a bathroom stop. Doesn't seem like a big...
by financial.freedom
Tue Aug 11, 2020 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

Very happy with our remodel (500 sq-ft addition with Master Suite and expanding dinning area flowing with kitchen) My cost was ~ 125K (quoted price was 100k - 250K) but I'm in So-Col (Remodel Contractors curtail zone) My recommendations: 1. Get a designer hourly fee in-home design consultation 2. G...
by financial.freedom
Sat Aug 08, 2020 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

Very happy with our remodel (500 sq-ft addition with Master Suite and expanding dinning area flowing with kitchen) My cost was ~ 125K (quoted price was 100k - 250K) but I'm in So-Col (Remodel Contractors curtail zone) My recommendations: 1. Get a designer hourly fee in-home design consultation 2. G...
by financial.freedom
Thu Aug 06, 2020 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

Thinking about this some more. The highest part of our living room ceiling is 14’. The room already feels spacious, to the point of sometimes feeling awkwardly large when we have guests. And when we painted last year, I realized that we were at the max height to be able to paint it without bringing...
by financial.freedom
Thu Aug 06, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

Vaulted ceilings are hard to insulate, heat, and air condition. And 22 feet...are you really sure you want to do that part? Missed that about 22'. That's a really high ceiling. I was thinking 14'. English Georgian homes are sort of 12' and that's absolutely enough. Thinking about this some more. Th...
by financial.freedom
Thu Aug 06, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

A friend did a similar remodel but her doors and windows were big areas of glass without metal dividers. The effect is much more spacious and less divided from the outdoor space than your reference photo. https://www.dwell.com/article/floor-to-ceiling-windows-modern-homes-b29cf803-f11fba35 If you'r...
by financial.freedom
Wed Aug 05, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

We're planning a major home renovation: 1. Making floorplan more usable. We're knocking down walls and combining the kitchen and living room areas into one larger room. Also extending the house into the front yard area, which we don't use much. There's a sideroom (lanai?) that we don't use at all b...
by financial.freedom
Wed Aug 05, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

Vaulted ceilings are hard to insulate, heat, and air condition. And 22 feet...are you really sure you want to do that part? Missed that about 22'. That's a really high ceiling. I was thinking 14'. English Georgian homes are sort of 12' and that's absolutely enough. Thinking about this some more. Th...
by financial.freedom
Wed Aug 05, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

This is a massive, massive remodel. There is no way you want to attempt this without a very good G.C., and no way you want to try to live in the house while it’s happening. Have you considered just tearing the house down and starting over? You’d probably get closer to exactly what you want, and the...
by financial.freedom
Wed Aug 05, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

When you are doing the remodel be sure that you make the house reasonably accessible if you need to use a wheelchair some day. You may need this even before you are older. I know someone that was in a car accident and needed to use a wheelchair for a while. When they were discharged from the hospit...
by financial.freedom
Wed Aug 05, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

This would be a monster project if doing it all at once.... particularly with the roof changes mentioned. I agree that phases would be ideal, to make sure you are happy with the GC. You can't beat a great location/ neighborhood. So can be a very worthwhile goal. We've lived all over, and in multipl...
by financial.freedom
Wed Aug 05, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

Given the major renovations you are doing, including structural changes, you will need a really good GC. Your architect should be able to recommend some. Interview and get bids from several. I would recommend doing a limited part of your renovation and if you are not satisfied with your GC, you can...
by financial.freedom
Wed Aug 05, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

I don’t have much expertise in these matters, but isn’t it likely that the very high ceilings will increase utility costs significantly and also make it harder to keep the rooms comfortable temperature-wise? Or maybe the above depends on the local climate? From what I'm reading it does depend a lot...
by financial.freedom
Wed Aug 05, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Re: Good (and bad) decisions/tips for home remodel?

We're planning a major home renovation: 1. Making floorplan more usable. We're knocking down walls and combining the kitchen and living room areas into one larger room. Also extending the house into the front yard area, which we don't use much. There's a sideroom (lanai?) that we don't use at all b...
by financial.freedom
Tue Aug 04, 2020 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Good (and bad) decisions/tips for home remodel?
Replies: 54
Views: 4834

Good (and bad) decisions/tips for home remodel?

We're planning a major home renovation: 1. Making floorplan more usable. We're knocking down walls and combining the kitchen and living room areas into one larger room. Also extending the house into the front yard area, which we don't use much. There's a sideroom (lanai?) that we don't use at all be...
by financial.freedom
Mon Aug 03, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Is it better to deduct business expenses on 1099 than W2?
Replies: 3
Views: 274

Re: Is it better to deduct business expenses on 1099 than W2?

runner3081 wrote: Mon Aug 03, 2020 11:22 am You can only deduct direct business expenses related to 1099 employment for that purpose.
The accountant says we can deduct those expenses pretax on the W2 income (which is under our C Corp). Is that correct? If so, it is better to deduct under the 1099?
by financial.freedom
Mon Aug 03, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Is it better to deduct business expenses on 1099 than W2?
Replies: 3
Views: 274

Is it better to deduct business expenses on 1099 than W2?

For someone who has two jobs, a regular W2 and a side hustle job (sole proprietor 1099) is it better to deduct expenses on the 1099 side due to self employment tax? I realize some things clearly go to one job or the other. But Internet, cellphone, and some other expenses are difficult to track to W2...
by financial.freedom
Mon Jul 13, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to change year of contribution for 401k at Charles Schwab?
Replies: 2
Views: 315

How to change year of contribution for 401k at Charles Schwab?

I have a solo-401k and did my taxes a few weeks ago, got the amount I can contribute from my CPA, then made the contribution and designated it as 2019 401k contribution. Now today, my CPA sent me an email: "Please take $5,240.17 of the 2019 contribution and have it count for 2020. If you call t...
by financial.freedom
Wed Jul 08, 2020 2:30 pm
Forum: Investing - Theory, News & General
Topic: Thinking Fast and Slow
Replies: 145
Views: 16168

Re: Thinking Fast and Slow

The book had been highly recommended to me, here are some of my thoughts http://www.cbsnews.com/8301-505123_162-57351940/new-book-sheds-bright-light-on-investor-behavior/?tag=cbsnewsMainColumnArea Best wishes Larry Larry, could you please provide your reference for the following? One study found th...
by financial.freedom
Fri Apr 17, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Made 'partner' but no contract after 5 months
Replies: 13
Views: 1386

Re: Made 'partner' but no contract after 5 months

You had another similar thread after 2 months with no contract. Are any of the responses in that thread useful? https://www.bogleheads.org/forum/viewtopic.php?f=2&t=302172 Yes, from that thread I decided to inquire but be patient. But things have changed since then: 1. Profits are nosediving --...
by financial.freedom
Fri Apr 17, 2020 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Made 'partner' but no contract after 5 months
Replies: 13
Views: 1386

Re: Made 'partner' but no contract after 5 months

Why do they have a site that's 3 hours away? Perhaps it makes sense because somehow they're making a boatload of money on it with little input from doctors. Or is there some other reason (partner's cousin Billy Bob wanted to open a location but has no doctors to fill it). If the location isn't bein...
by financial.freedom
Fri Apr 17, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Made 'partner' but no contract after 5 months
Replies: 13
Views: 1386

Re: Made 'partner' but no contract after 5 months

There is a dynamic of the junior partner still needing to earn his or her stripes somewhat. If they are sharing profits, I wouldn't worry about the contract delay, I would just chalk it up to them being busy and/or lazy unless you've seen unethical behavior from them in the past. I'd give it a rest...
by financial.freedom
Fri Apr 17, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Made 'partner' but no contract after 5 months
Replies: 13
Views: 1386

Re: Made 'partner' but no contract after 5 months

I am an older physician and have been around a bit. Take this with a grain of salt because you will get better advice from others here, but my take is: 1. I would occasionally remind them about the written buy-sell agreement. I would not press it too hard because these are not normal times. Because...
by financial.freedom
Fri Apr 17, 2020 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Made 'partner' but no contract after 5 months
Replies: 13
Views: 1386

Made 'partner' but no contract after 5 months

I'm a physician and was voted in as partner (technically shareholder as part of C corp) five months ago but never received a buy-sell agreement as part of the partner contract. I brought it up several times and was first told I'd have a contract in January... then February... then March... now it's ...
by financial.freedom
Sat Mar 28, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Small business disaster loans
Replies: 3
Views: 480

Re: Small business disaster loans

The gist of the SBA emergency loan application process is that you need to be able to demonstrate a direct correlation between COVID-19 and a loss in revenue. For certain types of businesses, especially in hospitality (bars, restaurants, travel agents, hotels, brothels, etc.) this is easy to demons...
by financial.freedom
Wed Mar 25, 2020 9:40 am
Forum: Investing - Theory, News & General
Topic: Rebalancing -- preferential to use new income or sell bonds?
Replies: 4
Views: 453

Re: Rebalancing -- preferential to use new income or sell bonds?

Locking in a loss inside a portfolio is not a thing. Stated otherwise, it is entirely possible that to rebalance a portfolio you sell something that has gone down. Also, it is perfectly legitimate when making contributions to a portfolio that those contributions be directed toward bringing asset al...
by financial.freedom
Wed Mar 25, 2020 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Small business disaster loans
Replies: 3
Views: 480

Small business disaster loans

A lot of businesses are struggling right now. We're still operational but expecting a payroll hit of 50% this month and maybe more for the next few months. Online, I see loans through the federal government for disaster relief. It looks like the rate is 3.75%. But I don't see the specifications for ...
by financial.freedom
Mon Mar 23, 2020 6:17 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing -- preferential to use new income or sell bonds?
Replies: 4
Views: 453

Re: Rebalancing -- preferential to use new income or sell bonds?

Locking in a loss inside a portfolio is not a thing. Stated otherwise, it is entirely possible that to rebalance a portfolio you sell something that has gone down. Also, it is perfectly legitimate when making contributions to a portfolio that those contributions be directed toward bringing asset al...
by financial.freedom
Mon Mar 23, 2020 4:38 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing -- preferential to use new income or sell bonds?
Replies: 4
Views: 453

Rebalancing -- preferential to use new income or sell bonds?

I've passed the 5% band threshold for rebalancing (off by 6-7% probably after today's close). I wanted to pull the trigger on selling bonds, but BND was up by 2%. So instead, I transferred some savings to 100% stocks ( 30/70 international/US total stock market). My feeling was, our munis in taxable ...
by financial.freedom
Thu Mar 19, 2020 3:46 pm
Forum: Investing - Theory, News & General
Topic: Getting back on track: A guide to smart rebalancing
Replies: 0
Views: 205

Getting back on track: A guide to smart rebalancing

Stay the course and be smart about rebalancing :beer https://personal.vanguard.com/pdf/ISGGBOT.pdf From the paper 1. Rebalance to manage risk and emotion. The purpose of rebalancing is to maintain a portfolio’s risk and return characteristics, not to maximize returns. Once you construct the appropri...
by financial.freedom
Mon Feb 03, 2020 10:18 pm
Forum: Personal Investments
Topic: Does this deposit break the gift limit for 2020?
Replies: 9
Views: 865

Re: Does this deposit break the gift limit for 2020?

Thank you for the replies. This was really unexpected. Definitely will give them a big hug. Plan is to put it into 529 -- now I have to figure out the limit for that as well.

Cheers!
by financial.freedom
Mon Feb 03, 2020 9:59 pm
Forum: Personal Investments
Topic: Does this deposit break the gift limit for 2020?
Replies: 9
Views: 865

Does this deposit break the gift limit for 2020?

My parents decided to each give me a 10k check as a gift for 2020. They said they're allowed to each give me up to 15k before exceeding the gift limit -- is this correct? I'm concerned that because they have the same last name and both checks are from the same checking account the IRS could view it ...
by financial.freedom
Wed Jan 29, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Made partner but no contract after 2 months, what should I do?
Replies: 45
Views: 3875

Re: Made partner but no contract after 2 months, what should I do?

Depends on whether you trust the people in your group. The delay may not be malicious. I'm in a physician group and our last associate buy-ins took 5 months because it took the accounting firm that long to obtain the accounts receivable and calculate the value. The AR and my buy-in calculation was ...
by financial.freedom
Wed Jan 29, 2020 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Made partner but no contract after 2 months, what should I do?
Replies: 45
Views: 3875

Re: Made partner but no contract after 2 months, what should I do?

re goodwill: the pertinent piece of information (which is impossible to know) is what will be the value placed on goodwill when the OP retires, moves, or otherwise sells his interest? i.e. is it a stock which is going to go up or down. The ultimate market timing decision. I have known of two groups...
by financial.freedom
Wed Jan 29, 2020 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Made partner but no contract after 2 months, what should I do?
Replies: 45
Views: 3875

Re: Made partner but no contract after 2 months, what should I do?

Didn't read everything, but... Maybe there is no contract yet, but is there at least an understanding of what is going to be in the contract? Maybe the delay is the lawyer friend just being lazy. But maybe the delay is the other partners figuring out how best to screw you. What's the point in makin...
by financial.freedom
Wed Jan 29, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Made partner but no contract after 2 months, what should I do?
Replies: 45
Views: 3875

Re: Made partner but no contract after 2 months, what should I do?

I was in a similar situation and it did not end well . I kept hoping for a happy ending and later realized I was taken for a ride . I am on my own now and much happier. Sorry to hear that. I think their intentions are good, but it's hard not having anything in writing. Glad you're happier solo.
by financial.freedom
Wed Jan 29, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Made partner but no contract after 2 months, what should I do?
Replies: 45
Views: 3875

Re: Made partner but no contract after 2 months, what should I do?

How many partner in the firm? How many recent "new" partners besides yourself? Have the other "new" partner gotten their contracts? This all seems a little shaky. As for a partner's contract it should be boilerplate, fill in the blanks, since partners are partners. I'd speculate...