Search found 1596 matches

by gasdoc
Sun Jan 20, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Physicians: did you incorporate yourself? Is it worth it?
Replies: 12
Views: 1162

Re: Physicians: did you incorporate yourself? Is it worth it?

The reason I incorporated several years ago is that it saved me money on payroll taxes. That has changed a lot with the new tax laws. I would really research before making any changes. I just changed back to a sole proprietor from an S-Corp, and I believe many others on this forum are doing the same...
by gasdoc
Sat Jan 19, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: How to clean DSLR camera lens?
Replies: 9
Views: 529

Re: How to clean DSLR camera lens?

Applies to any camera... 1. Clean infrequently. A modest amount of dust has negligible optical effect. 2. Blow off grit first. 3. Lens-cleaning liquid and disposable wipes. Several varieties out there. 4. No clear/ UV filters. These have no beneficial effect on digital cameras and can only degrade ...
by gasdoc
Sat Jan 19, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: IRS to lower 2018 safe harbor withholding threshold to 85% [2018 only]
Replies: 22
Views: 2661

Re: IRS to lower 2018 safe harbor withholding threshold to 85% [2018 only]

Oh woe! No help for the poor folks who have to withhold 110%. Thats what I was. thinking! gasdoc Not the same threshold. This is a change to the normal 90% of the current year tax liability threshold. The 100%/110% depending on income threshold applies to the previous year tax tax liability and is ...
by gasdoc
Sat Jan 19, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 90
Views: 8073

Re: Retirement accounts and physician SCorps and Tax Reform

So, IRS final decision as related to W2 wages of S-Corp not included in QBI is this...they are just ignoring all the chaos it’s creating. . Reasonable Compensation Several commenters were concerned that an overlap of the QBI, W-2 wage limitation, and reasonable compensation rules for S corporations...
by gasdoc
Fri Jan 18, 2019 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: IRS to lower 2018 safe harbor withholding threshold to 85% [2018 only]
Replies: 22
Views: 2661

Re: IRS to lower 2018 safe harbor withholding threshold to 85% [2018 only]

Dale_G wrote:
Thu Jan 17, 2019 10:57 pm
Oh woe! No help for the poor folks who have to withhold 110%.
Thats what I was thinking!

gasdoc
by gasdoc
Fri Jan 18, 2019 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Any MD pursued a CFA? Thoughts?
Replies: 27
Views: 2462

Re: Any MD pursued a CFA? Thoughts?

I am an MD, with an MBA (executive). I took the courses purely for interest. I tried auditing undergraduate courses in accounting and finance first, but found that they were way too academic to even be interesting. The EMBA, on the other hand, I found very interesting as well as practical. The furth...
by gasdoc
Thu Jan 17, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: HSA provider good for investment for individual account
Replies: 17
Views: 970

Re: HSA provider good for investment for individual account

I am very interested in the Fidelity HSA. We currently have no assets invested at Fidelity (most are at Vanguard, with an HSA at Saturna). In an earlier Bogleheads thread, it was mentioned that there is a $12 per quarter fee at fidelity ($48 per year) for those that have less than $250K in assets a...
by gasdoc
Thu Jan 17, 2019 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: HSA provider good for investment for individual account
Replies: 17
Views: 970

Re: HSA provider good for investment for individual account

I am very interested in the Fidelity HSA. We currently have no assets invested at Fidelity (most are at Vanguard, with an HSA at Saturna). In an earlier Bogleheads thread, it was mentioned that there is a $12 per quarter fee at fidelity ($48 per year) for those that have less than $250K in assets at...
by gasdoc
Thu Jan 17, 2019 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Ever encountered a toxic advisor? How did you handle it?
Replies: 25
Views: 3048

Re: Ever encountered a toxic advisor? How did you handle it?

TIAA is not the same TIAA from years ago. WaPo I believe did a story on the new "sales" culture there. Push TIAA product, etc OP may have found a true believer...or someone with a big mortgage edit: just looked it up....NYT https://www.nytimes.com/2017/10/21/busi ... -tiaa.html the money quote from...
by gasdoc
Sun Jan 13, 2019 4:07 pm
Forum: Personal Consumer Issues
Topic: Paying "cash" for auto - possibly w regular credit card?
Replies: 53
Views: 3958

Re: Paying "cash" for auto - possibly w regular credit card?

We bought a Acura MDX for $33k with credit cards. The trick was swiping in multiple transactions. I think we ended up spreading it across 4-5 cards. It probably earned us $500 (1.5%) and cost them $800-$1k (2.5%). How did the dealership allow this? And how did "multiple transactions" make a differe...
by gasdoc
Sun Jan 13, 2019 4:05 pm
Forum: Personal Consumer Issues
Topic: Preventative home & auto checks
Replies: 30
Views: 2175

Re: Preventative home & auto checks

I think it is best to find a small shop, with a small group of mechanics in your local area. I take all three of our cars to them for everything, so they know me when I walk in the door. I have them look at the major systems, including the brakes, and top off the fluids, when I take the cars for oi...
by gasdoc
Sun Jan 13, 2019 9:44 am
Forum: Personal Consumer Issues
Topic: Anyone ever buy Hilton's Timeshares (HGVC)?
Replies: 51
Views: 9304

Re: Anyone ever buy Hilton's Timeshares (HGVC)?

Would you buy something where they charge you a price now, but then said "we can charge you and your descendants anything we want every year from now on?"

gasdoc
by gasdoc
Sun Jan 13, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: Preventative home & auto checks
Replies: 30
Views: 2175

Re: Preventative home & auto checks

Follow manufacturer's maintenance schedule religiously, drive carefully, etc Hi mancich, Do you have recommendations where to do the manufacturer's maintenance schedule? I religously change the oil at Jiffy Lube and always decline the manufacturer recommendations thinking is an overkill at such pla...
by gasdoc
Sun Jan 13, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: What deductible for Comprehensive and Collision Insurance?
Replies: 34
Views: 1518

Re: What deductible for Comprehensive and Collision Insurance?

Gill wrote:
Sun Jan 13, 2019 8:20 am
I choose the largest deductible available on all insurance but you must be able to afford the loss.
Gill
This.

gasdoc
by gasdoc
Sun Jan 13, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: What's your experience upgrading to Quicken 2018 or 2019?
Replies: 41
Views: 2157

Re: What's your experience upgrading to Quicken 2018 or 2019?

I don't mind the subscription either, if it continues to help the product. Sure, it is nice to buy something one time, then receive updates forever, but is that really a sustainable business model? Quicken has been very useful to me.

gasdoc
by gasdoc
Tue Jan 08, 2019 7:52 pm
Forum: Personal Consumer Issues
Topic: "Road Scholar" Travel
Replies: 18
Views: 2276

Re: "Road Scholar" Travel

We hiked The Badlands of South Dakota with them last year, and are planning another hiking trip in the fall. The thing that makes them different would be the lectures by local experts they have arranged for the evenings. I recommend them. I think they are very economical- they seem to spend money on...
by gasdoc
Tue Jan 08, 2019 7:44 pm
Forum: Personal Consumer Issues
Topic: How to save on prescription drug costs?
Replies: 43
Views: 2653

Re: How to save on prescription drug costs?

1. GoodRX for most meds.
2. Canadian pharmacy for some.

gasdoc
by gasdoc
Tue Jan 08, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tech budget to fix issues
Replies: 26
Views: 1635

Re: Vanguard Tech budget to fix issues

Vanguard's website is nothing special. But you know what it does? It allows me to see my balances, my positions, make trades, and transfer funds between accounts without much of a hassle. It also allows me to look at information (returns, fees, allocation) about the funds I own or am interested in ...
by gasdoc
Mon Jan 07, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 90
Views: 8073

Re: Retirement accounts and physician SCorps and Tax Reform

This is the OP, re-opening this thread, which has been extremely helpful. As of Jan 1, 2019, I have fully dissolved my S-Corp, and changed my TIN, as was requested by both my CPA and my third party administrator (TPA) for my defined benefit plan (DBP). I will file a final S-Corp tax return for 2018....
by gasdoc
Mon Jan 07, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do I qualify for 199A Pass-through Deduction
Replies: 9
Views: 930

Re: Do I qualify for 199A Pass-through Deduction

As of Jan 1, 2019, I have converted my S-Corp to a sole proprietorship. My situation is very similar to yours. The third party administrator that manages my defined benefit plan told me that when I dissolve my corporation, just get a new taxpayer Identification number (TIN) from the IRS, which I did...
by gasdoc
Tue Jan 01, 2019 10:03 pm
Forum: Investing - Theory, News & General
Topic: International Funds Still Relevant in a Simple Portfolio?
Replies: 72
Views: 4706

Re: International Funds Still Relevant in a Simple Portfolio?

Daitokuji wrote:
Mon Dec 31, 2018 1:33 pm
I am at 60/40 US:International. Holding the course.
That seems to be what Vanguard research is recommending. I am also staying the course at 60/40 US/Int'l, though I understand why others are tempted to stay with higher US allocations because the US has done better recently.

gasdoc
by gasdoc
Tue Jan 01, 2019 9:57 pm
Forum: Investing - Theory, News & General
Topic: Good news for accumulating investors
Replies: 3
Views: 957

Re: Good news for accumulating investors

Whenever you get depressed over a deflating portfolio, seeing your account balance going down day after day, it does help when you notice that things are looking more attractive. This gets people like me who are more value oriented pretty excited. Stocks are cheaper though not cheap. If you are rel...
by gasdoc
Wed Dec 26, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Wow, Behaviorial Finance is Real
Replies: 49
Views: 9015

Re: Wow, Behaviorial Finance is Real

I have a friend who panicked and sold everything a month or two ago (including 401K) and is sitting in 100% cash right now trying to decide when to buy back in. No thanks. If he jumped back in today at any point and never timed the market again and did things the BH way the rest of his investing ca...
by gasdoc
Tue Dec 25, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 19510

Re: Favorite Purchase of 2018?

The Lightkeeper Pro. Saved me from buying a new pre-lit Christmas tree and a pre-lit wreath this year. This thing really works to fix broken light strands! $20 well spent. Works like magic!

gasdoc
by gasdoc
Tue Dec 25, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Wow, Behaviorial Finance is Real
Replies: 49
Views: 9015

Re: Wow, Behaviorial Finance is Real

I am not tempted to change allocations, but it is frustrating to watch my "number" disappear over the horizon. :annoyed I am the only one in my medical group still in the market. Hope it pays off, because right now everyone is giving me a hard time as I am still on the way down, and they are sitting...
by gasdoc
Thu Dec 20, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma about 529 and computer
Replies: 7
Views: 747

Re: Dilemma about 529 and computer

Not an accountant (obviously), but it seems that you just match the expense that occurs during the school year with the 529 withdrawal in the same year and you will be golden. That is what I would do.

gasdoc
by gasdoc
Tue Dec 18, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: iMac + iPad Pro
Replies: 29
Views: 2221

Re: iMac + iPad Pro

I was wondering- has anyone made purchases based on the above recommendations, and how did it work out? This is a big controversy.

gasdoc
by gasdoc
Sun Dec 16, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10121

Re: Can I retire

How can someone spend 250k a year in living expenses? I don't think it's 250k in living expenses because the 250k includes taxes. If you take the OP's gross income and deduct savings you get 250k, the taxes have to be excluded to calculate living expenses. +1 Taxes are a big part of his expenses at...
by gasdoc
Thu Dec 13, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Not accepting Medicare benefits
Replies: 24
Views: 4141

Re: Not accepting Medicare benefits

I have recently discovered that IRMAA for parts B and D will amount to an annual $8,851 extra payment (MFJ) for my Medicare starting at age 65 for both of us in 2019. The total cost (including Plan G Medigap and Part D coverage) of $19k is only slightly lower than the unsubsidized coverage of $22k ...
by gasdoc
Thu Dec 13, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Bathroom scale
Replies: 17
Views: 1219

Re: Bathroom scale

Trick question. After about 5 years you will need to have the latest advanced safety features on the new scales or your family is sure to pay the consequences. Just buy a $20 scale every 5 years. JT I have a non-digital scale that has lasted 20 years and still looks/works well. It has no guard rail...
by gasdoc
Thu Dec 13, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: How Much Is Enough?
Replies: 41
Views: 24730

Re: How Much Is Enough?

Well played. Life is phenomenally better when the hours at work improve.

gasdoc
by gasdoc
Thu Dec 13, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Homeowner Insurance Deductible Amount?
Replies: 19
Views: 1219

Re: Homeowner Insurance Deductible Amount?

Higher deductible.

gasdoc
by gasdoc
Wed Dec 12, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone been able to execute a Power of Attorney with Vanguard?
Replies: 28
Views: 1774

Re: Has anyone been able to execute a Power of Attorney with Vanguard?

I filled out Vanguard's form. It was quick and simple. Our local bank also required their own form, so I accepted the need for individual forms and moved on.

gasdoc
by gasdoc
Sat Dec 08, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Very Confused - Group 401K Profit Sharing Plan
Replies: 15
Views: 922

Re: Very Confused - Group 401K Profit Sharing Plan

I would bet that the owner doesn't know all of the details himself, and uses some sort of third party administrator that gives him papers to sign. He should be able to tell you what the investments are and what the asset allocation is, or at least where to go to find it out for yourself. After awhil...
by gasdoc
Fri Dec 07, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6576

Re: Health insurance for FIRE

I would look at whether there is a cap on what insurance will pay. For most people, covering prescription drugs for the period of the short term policy wouldn't be a deal breaker, but if the policy only paid up to the first $X,XXX,XXX, and then stopped paying? There used to be lots of policies that...
by gasdoc
Fri Dec 07, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6576

Re: Health insurance for FIRE

With 2 people that are retired paying $300 a month, there has to be so many holes in the policy you can drive a truck through it. Are prescriptions covered? No prescription coverage below the deductible. The first $2500 you pay regardless. Like a HDHP, where you pay from your HSA. Understood. But o...
by gasdoc
Fri Dec 07, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion for backdoor: wait?
Replies: 25
Views: 1475

Re: Roth conversion for backdoor: wait?

My wife is also a nurse- she became certified as a BLS instructor many years ago, and occasionally teaches BLS classes. Your wife could potentially do something like that as a side business.

gasdoc
by gasdoc
Thu Dec 06, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: Management companies for landlords, pricing?
Replies: 3
Views: 394

Re: Management companies for landlords, pricing?

The company in The Villages, Florida, gets top dollar for the rentals, but they charge 20%. They help coordinate repairs, etc., for no additional charge. They also charge $50 for any complete month in which the house is vacant. They monitor the home and go through it flushing toilets, running water,...
by gasdoc
Thu Dec 06, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Housing values may fall as baby boomers die off or sell off, two studies say
Replies: 21
Views: 2499

Re: Housing values may fall as baby boomers die off or sell off, two studies say

We own a rental in The Villages, Florida. While there has been great growth so far, and they are planning to almost double the present population (currently 130K), what will happen when the retired boomers start to die off?

gasdoc
by gasdoc
Thu Dec 06, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off debt or maxing Roth IRA as a resident
Replies: 14
Views: 1021

Re: Paying off debt or maxing Roth IRA as a resident

Thank you everyone for all the advice. I will stay my course and continue to contribute to my Roth IRA to max it out each year, and then putting the rest toward my loan. I am not married, but I am in a very serious relationship with my girlfriend and we are currently living together. She makes abou...
by gasdoc
Thu Dec 06, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: Crawl Space Fixin's - Do you really need it?
Replies: 20
Views: 2208

Re: Crawl Space Fixin's - Do you really need it?

When we have shopped for homes, I categorically dismissed homes with a musty crawlspace. Air from the crawlspace makes its way into the house (airflow rises in the house).

gasdoc
by gasdoc
Thu Dec 06, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Want to do non-religious, short-term medical volunteer work outside the US
Replies: 13
Views: 1826

Re: Want to do non-religious, short-term medical volunteer work outside the US

Sometimes volunteers without medical credentials can be of great assistance as part of groups doing this work. They can often help if they have language skills of the local populations and with organizing the clinics. This assistance can allow the medical folks to see and treat more patients and be...
by gasdoc
Thu Dec 06, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt or maxing Roth IRA as a resident
Replies: 14
Views: 1021

Re: Paying off debt or maxing Roth IRA as a resident

I would strongly recommend prioritizing the Roth IRA as well as any other tax-shielded account (401K etc.) that you have access to. You'll likely max out tax-shielded space once you graduate. That's when you should repay the loan. I agree that the OP will max out the "tax-shielded accounts" after h...
by gasdoc
Wed Dec 05, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off debt or maxing Roth IRA as a resident
Replies: 14
Views: 1021

Re: Paying off debt or maxing Roth IRA as a resident

I would strongly recommend prioritizing the Roth IRA as well as any other tax-shielded account (401K etc.) that you have access to. You'll likely max out tax-shielded space once you graduate. That's when you should repay the loan. I agree that the OP will max out the "tax-shielded accounts" after h...
by gasdoc
Wed Dec 05, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Managing ACA income with a Vanguard Variable Annuity
Replies: 17
Views: 1458

Re: Managing ACA income with a Vanguard Variable Annuity

For those of us following the thread and not being familiar with the cutoffs, can someone please summarize the income limits and what counts toward income as far as ACA subsidies? Thanks in advance. gasdoc The ACA uses MAGI for what your income is -http://www.healthreformbeyondthebasics.org/wp-cont...
by gasdoc
Wed Dec 05, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Want to do non-religious, short-term medical volunteer work outside the US
Replies: 13
Views: 1826

Re: Want to do non-religious, short-term medical volunteer work outside the US

I (physician), my wife (nurse), and our daughter (premed, in college) have traveled to Guademala twice, the third coming up next summer. The trips are through a small group based in Texas, that starts by going to remote areas, severely underserved, and starts by bringing in good water supply. After ...
by gasdoc
Wed Dec 05, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Managing ACA income with a Vanguard Variable Annuity
Replies: 17
Views: 1458

Re: Managing ACA income with a Vanguard Variable Annuity

For those of us following the thread and not being familiar with the cutoffs, can someone please summarize the income limits and what counts toward income as far as ACA subsidies? Thanks in advance.

gasdoc
by gasdoc
Mon Dec 03, 2018 11:35 am
Forum: Personal Consumer Issues
Topic: First Triathlon. What bike to buy?
Replies: 34
Views: 1888

Re: First Triathlon. What bike to buy?

If you want to spend a little money, she could take her current bike to a reputable local bike shop to do a fitting or changing the setup (bars, saddle, seatpost, stem) to get something closer to a road or tri setup, it won't be possible to get full on tri from a hybrid frame, but you could at leas...
by gasdoc
Mon Dec 03, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: First Triathlon. What bike to buy?
Replies: 34
Views: 1888

Re: First Triathlon. What bike to

Me the contrarian again... Assuming by your username that the money for a low end tri bike is mostly a nonissue. If you never want her to do another tri, training and racing on a hybrid is exactly the way to go. Bikes with drop bars are more efficient, and more comfortable for long rides. In bicycl...