Search found 1507 matches

by gasdoc
Wed Sep 19, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: self-employed professional - the best way to get things started?
Replies: 19
Views: 1572

Re: self-employed professional - the best way to get things started?

Hello, OP, You should have a CPA calculate your tax with and without forming an s-corp. I am this year dissolving my s-corp because the new 20% business deduction was affected negatively by my s-corp (because the w2 salary you pay yourself is not discounted). And then you have to file two separate t...
by gasdoc
Mon Sep 03, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: How often do you change your HVAC filters?
Replies: 57
Views: 3138

Re: How often do you change your HVAC filters?

Kenkat wrote:
Mon Aug 27, 2018 3:40 pm
3M Filtrete - every 90 days
Same.

gasdoc
by gasdoc
Sun Sep 02, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29238

Re: Umbrella insurance..who has it? Is it recommended?

My opinion only: Buy "enough" that an opposing lawyer will "settle" for going after your insurance and leave your personal stuff alone. I have $5M.

gasdoc
by gasdoc
Sat Sep 01, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: 1st time dad, OK to use willmaker software?
Replies: 37
Views: 3219

Re: 1st time dad, OK to use willmaker software?

My attorney will in GA was $1400, for a simple will with one child. A few years later, I replaced it with one done by Legal Zoom, in order to change the guardian. Both were very straightforward, and I suspect the lawyer done will was done using some sort of a template, and probably by some sort of l...
by gasdoc
Fri Aug 31, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Picking between Roth and Traditional 401k
Replies: 6
Views: 621

Re: Picking between Roth and Traditional 401k

Hedge your bets. Do both pre and post tax retirement savings. In retirement it is good to have both, so that you have some control over your taxable income.

gasdoc
by gasdoc
Fri Aug 31, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: 1st time dad, OK to use willmaker software?
Replies: 37
Views: 3219

Re: 1st time dad, OK to use willmaker software?

I think you are the perfect candidate for a software generated will.

gasdoc
by gasdoc
Fri Aug 31, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3100

Re: Piano for a child

We went a different route. We approached the purchase as one for the family- not a child as in the original poster's post. I had played the organ as a child, and my wife had always considered playing. We purchased a medium sized grand piano from the beginning. From my time as a student playing the o...
by gasdoc
Thu Aug 30, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11845

Re: How do you 7 figure guys organize multiple accounts?

Our finances are relatively simple: 1. Mostly 3 fund portfolio 2. Almost all investment money in Vanguard, in various accounts, but all on one web page. 3. All banking at CapitalOne 360, with a local bank with a small monthly transaction to keep it open. I use Quicken to monitor the credit card/debi...
by gasdoc
Thu Aug 30, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 75
Views: 6505

Re: Retirement accounts and physician SCorps and Tax Reform

LC, !. I am planning to officially end my S-Corp 12/31/18, and start my sole proprietorship 1/1/2019. I wanted to keep it "clean," and I need until the end of the year to save enough money to fund my defined benefits plan. 2. Yes, my business will stop creating W-2 paychecks as a sole proprietor. 3....
by gasdoc
Wed Aug 29, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: Wildlife Removal:
Replies: 16
Views: 1658

Re: Wildlife Removal:

We used a company called Arrow Exterminators. It has been a few years, but I think the price was $500 or more. They set traps and completely sealed the exterior of the house to prevent reinfestation (from rats). Then, they offered an inspection service for $175/year, which was optional but extended ...
by gasdoc
Wed Aug 29, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: Home Security System Monitoring
Replies: 11
Views: 1101

Re: Home Security System Monitoring

Has anyone had the need to have repairs done to their system while using Alarm Relay? Do they have outside companies that do service? Is it difficult to find someone that does not have a monitoring contract to do service on an older system? gasdoc Alarm Relay, as I've stated, is only a monitoring c...
by gasdoc
Wed Aug 29, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 75
Views: 6505

Re: Retirement accounts and physician SCorps and Tax Reform

See the edit to my last post adding the last paragraph after you started your reply. A sole proprietor can just as easily contribute to a defined benefit plan. It may be necessary to amend the plan to change the plan sponsor from the S-Corp to a sole proprietorship. Note: You should engage a profes...
by gasdoc
Wed Aug 29, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: Home Security System Monitoring
Replies: 11
Views: 1101

Re: Home Security System Monitoring

Has anyone had the need to have repairs done to their system while using Alarm Relay? Do they have outside companies that do service? Is it difficult to find someone that does not have a monitoring contract to do service on an older system?

gasdoc
by gasdoc
Tue Aug 28, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Home Security System Monitoring
Replies: 11
Views: 1101

Re: Home Security System Monitoring

Never heard of them. I will check them out. Thank you!

gasdoc
by gasdoc
Tue Aug 28, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: Home Security System Monitoring
Replies: 11
Views: 1101

Home Security System Monitoring

We have a local home security company that was just bought out by another company. We are not happy with the level of service we get when we call in a false alarm to the monitoring company. All of our home security devices are hard wired, including burglar, smoke and fire. When I call various other ...
by gasdoc
Sat Aug 25, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to buy individual stocks?
Replies: 15
Views: 1665

Re: Best way to buy individual stocks?

We bought our daughter one share of Disney for her 10th birthday. She absolutely loved it and and the certificate was beautiful. We framed it and hung it next to her photos from a Disney cruise we did when she was younger. It was a display she treasured well into her teens. I believe we used “onesha...
by gasdoc
Sat Aug 25, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: Quote from Electrician
Replies: 48
Views: 3466

Re: Quote from Electrician

Just yesterday, I hired an electrician to replace a single kitchen ceiling light fixture in my mom's house. I supplied the new fixture. The charge was $220 for the labor Not sure how long it took because I was not there, but the charge was a guaranteed charge, given before the work was started, so i...
by gasdoc
Sat Aug 25, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Careers
Replies: 48
Views: 3005

Re: Healthcare Careers

jayk238 wrote:
Fri Aug 24, 2018 10:05 pm
gasdoc wrote:
Fri Aug 24, 2018 6:37 pm
Though not exactly the answer to the question above, CRNA’s make $150K to $250K in our practice.

Gasdoc
250?
Seems insane that crnas can make more than doctors.
Supply and demand- and they get paid lots to work nights, so many of them pick up extra call nights.

gasdoc
by gasdoc
Fri Aug 24, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Careers
Replies: 48
Views: 3005

Re: Healthcare Careers

Though not exactly the answer to the question above, CRNA’s make $150K to $250K in our practice.

Gasdoc
by gasdoc
Thu Aug 23, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Careers
Replies: 48
Views: 3005

Re: Healthcare Careers

Would strongly recommend NP specialization like an anesthesiologist. Or NP general. My understanding based on individuals I am close with in the field is good job satisfaction, strong to VERY strong salary from the onset through career, decent working hours (often an ability to 80%, 90% etc.), abil...
by gasdoc
Tue Aug 21, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: 529 withdrawl timing
Replies: 10
Views: 1065

Re: 529 withdrawl timing

I am not an expert, other than I have been doing this for a year now, and my accountant seems to like the way I do it!!! I pay the bill, then go onto the 529 web site and request the disbursement. When the check arrives, I staple the stub of the 529 payment to the receipt from the payment. So to ans...
by gasdoc
Sat Aug 18, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Braces: Keeping cost down and insurance questions.
Replies: 27
Views: 2408

Re: Braces: Keeping cost down and insurance questions.

In our area, the new Smiles Direct is half the price of Invisalign which, when our daughter went through Invisalign, was roughly the same price as braces. There is an adult colleague using Smiles Direct that seems satisfied with the system.

Gasdoc
by gasdoc
Thu Aug 16, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 75
Views: 6505

Re: Retirement accounts and physician SCorps and Tax Reform

I appreciate all of the help here. So, my CPA and I don’t see any reason to put off dissolving my S-Corp, despite the fact that some of the considerations are still up in the air. THis is largely because, with my large DBP contributions, as Spirit Rider has pointed out, I am no longer getting much b...
by gasdoc
Tue Aug 14, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 75
Views: 6505

Re: Retirement accounts and physician SCorps and Tax Reform

... I haven't seen it mentioned that the retirement contribution is subtracted from the gross salary to get QBI, but it kind of makes sense to my layman's mind. gasdoc That's because it is not. The 199A deduction is lesser of 20% of QBI or 20% of taxable income. It's your taxable income that's esse...
by gasdoc
Tue Aug 14, 2018 6:14 am
Forum: Personal Consumer Issues
Topic: Vacation- home precautions?
Replies: 39
Views: 5276

Re: Vacation- home precautions?

Gosh, what a laundry list for a one-week trip. I do 4-5 one-week or longer trips a year and I simply set the thermostat to not kick on as often (whether it's heat in winter or AC in summer), take the trash out, close the blinds or curtains, unplug my laptop, tell one neighbor I will be gone until x...
by gasdoc
Mon Aug 13, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 75
Views: 6505

Re: Retirement accounts and physician SCorps and Tax Reform

See the edit to my last post adding the last paragraph after you started your reply. A sole proprietor can just as easily contribute to a defined benefit plan. It may be necessary to amend the plan to change the plan sponsor from the S-Corp to a sole proprietorship. Note: You should engage a profes...
by gasdoc
Mon Aug 13, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 75
Views: 6505

Re: Retirement accounts and physician SCorps and Tax Reform

Any employer retirement plan contribution in an S-Corp is deducted on Form 1120S Line 17. Therefore, it reduces the ordinary business income and distributions that will be the basis for any QBI deduction. If you are paying little to no distributions due to W-2 wages and employer retirement plan con...
by gasdoc
Mon Aug 13, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 75
Views: 6505

Re: Retirement accounts and physician SCorps and Tax Reform

This is the OP- I am glad to see this thread re-emerging. Since my last post, I have met with my CPA, and basically was told that although my large retirement plan contribution (for my defined benefit plan) puts my total taxable income below $315K, my W2 salary plus my retirement plan contribution m...
by gasdoc
Sat Aug 11, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Device to listen to while exercising?
Replies: 23
Views: 1760

Re: Device to listen to while exercising?

I am an iPhone person- and I rotate them out. Every two years, I buy a new iPhone, and my old one becomes my workout music phone. That way I don't have to worry about breaking my good phone, or about loading up the memory of my current phone. I know you are not a smartphone use, but perhaps someone ...
by gasdoc
Tue Aug 07, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?
Replies: 75
Views: 5128

Re: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?

I have no intention of hijacking this thread, but the discussion reminds me of a question I had about donating to a medical mission trip to Guatemala our daughter has registered for next summer. There is a required “donation” of $1000 to participate. The organization is a 501C organization. Althoug...
by gasdoc
Tue Aug 07, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Personal liability issues as a result of hiring uninsured & unlicensed handyman
Replies: 33
Views: 3699

Re: Personal liability issues as a result of hiring uninsured & unlicensed handyman

Would people here worry about licensure, etc, for a handyman doing jobs less dangerous? For example, we have a “yard guy” who mows and does light pruning. Do people check on licensure, etc, for landscaping companies? Is homeowners insurance and umbrella insurance enough?

Gasdoc
by gasdoc
Mon Aug 06, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?
Replies: 75
Views: 5128

Re: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?

I have no intention of hijacking this thread, but the discussion reminds me of a question I had about donating to a medical mission trip to Guatemala our daughter has registered for next summer. There is a required “donation” of $1000 to participate. The organization is a 501C organization. Although...
by gasdoc
Sun Aug 05, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15461

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

The 529 will cover undergrad and part of graduate/medical school. Plan to cash flow the rest assuming good performance (or at least good effort) by the daughter.

gasdoc
by gasdoc
Wed Aug 01, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: what is the penalty for not paying quarterly tax?
Replies: 7
Views: 1232

Re: what is the penalty for not paying quarterly tax?

I found it much easier to make equal payments based on last years taxes (my salary can vary greatly from month to month, so the quarterly estimates required waiting until the last moment to calculate.

gasdoc
by gasdoc
Tue Jul 31, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: AAA & AARP = Travel Benefits?
Replies: 27
Views: 2566

Re: AAA & AARP = Travel Benefits?

We keep AAA for the hotel discounts (Hilton Hotels) and Hertz discounts. Also, the roadside service is a plus.

gasdoc
by gasdoc
Thu Jul 26, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for teen
Replies: 19
Views: 1526

Re: Roth IRA for teen

I like the Vanguard Star fund for these accounts. ($1,000 MIN to open and can add as little as $1 at a time.) I like "matching" suggestion too! Except I don't like the expense ratio of .32% of the STAR fund. Also, STAR is 60/40. The investment time horizon of a child justifies putting it all in a 1...
by gasdoc
Tue Jul 24, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2248
Views: 1422583

Re: The Three-Fund Portfolio

Sorry if I have missed this info earlier in the thread, and I am not certain this is the place to post this question. I have been invested in essentially a three fund portfolio for many years, but I still have some straggling emerging markets and developed markets from the "old days" in my taxable ...
by gasdoc
Tue Jul 24, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2248
Views: 1422583

Re: The Three-Fund Portfolio

Sorry if I have missed this info earlier in the thread, and I am not certain this is the place to post this question. I have been invested in essentially a three fund portfolio for many years, but I still have some straggling emerging markets and developed markets from the "old days" in my taxable a...
by gasdoc
Sun Jul 22, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Daughter Harassed Because No Loans
Replies: 13
Views: 1740

Daughter Harassed Because No Loans

Our daughter is being harassed at school because she is reliant on us (her parents) while other kids in her group take out loans and “are indedpendant.” I try to explain to her that she is fortunate that our family sacrificed some expensive things so that her 529 could be funded. Now, it seems that ...
by gasdoc
Sat Jul 21, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Any reasons not to donate shares from taxable?
Replies: 48
Views: 3244

Re: Any reasons not to donate shares from taxable?

It is true that "easier is relative." We saw here at bogleheads.org at the end of 2017 all the folks trying to donate shares to their DAF on 12/31/2017 or at least in those last few days. It was a mad scramble to get the donation into tax year 2017. Some folks apparently didn't make it. A click-cli...
by gasdoc
Mon Jul 16, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: How often do you buy a primary residence?
Replies: 46
Views: 4079

Re: How often do you buy a primary residence?

Three homes:
1) Starter home
2) Bigger home
3) Over 55 community home

gasdoc
by gasdoc
Sun Jul 15, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: FireCalc: How big a grain of salt?
Replies: 58
Views: 4877

Re: FireCalc: How big a grain of salt?

I don’t have much to add. However, firecalc does give you a good starting point, and then you have to be willing to make changes to your withdrawal rate as market returns go from being an unknown to becoming known.

Gasdoc
by gasdoc
Sat Jul 14, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Braces: Keeping cost down and insurance questions.
Replies: 27
Views: 2408

Re: Braces: Keeping cost down and insurance questions.

Do you and your wife both have dental coverage right now, or could you stack enrollment in your respective plans, i.e., enroll the family in your plan for a couple of years and then enroll the family in her plan for a couple of years? If the latter, then I think maybe you could get both plans to pa...
by gasdoc
Sat Jul 14, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14471

Re: Early retirement

I am not yet retired, but when I tell people that I plan to retire early, and they are surprised and ask questions, I just say "anyone can retire early- you just have to make do with what you have."

gasdoc
by gasdoc
Sat Jul 14, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 107
Views: 13514

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

1) All passwords in a "little black book," that she knows where to find.
2) All important paper work (accounts and wills, etc.) in a safe that she knows where to find.

gasdoc
by gasdoc
Sat Jul 14, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: One Person Defined Benefit Plan
Replies: 72
Views: 11164

Re: One Person Defined Benefit Plan

Gasdoc, I am a fam doc consider my options for a solo DBP. Could you update me on your experiences after 3-4 years of contributions? Have your contributions and returns fluctuated markedly? Are you satisfied with your result? I noted you went for Vangurad over Schwab, has that worked out well? Than...
by gasdoc
Sat Jul 14, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Braces: Keeping cost down and insurance questions.
Replies: 27
Views: 2408

Re: Braces: Keeping cost down and insurance questions.

I can only answer the second part- I wouldn't go outside your general area, as there are LOTS of visits, and not everyone can have the slot right after school because all of the patients are students (well, the vast majority). Are you really going to take your kid out of school for the entire day in...
by gasdoc
Thu Jul 12, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Ins. Claim: How do you decide whether to file a claim or pay out of pocket?
Replies: 17
Views: 1213

Re: Auto Ins. Claim: How do you decide whether to file a claim or pay out of pocket?

For the reasons the OP listed for not involving the insurance company, I don't carry collision insurance at all. I reasoned that since I often don't want to report an accident, I might as well not carry the insurance that I would be reporting. I also don't pay more for a car than I can afford to los...
by gasdoc
Wed Jul 11, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3543

Re: Dad asked for my help on pension decision that I do not understand

Not disputing the numbers above but a question: What is the tax impact of taking the lump sum and then buying the annuity? If the 63,021 is "taxed down", then the comparison might not quite be apples to apples A work pension/annuity is an employee benefit, so one would hope it is better than could ...