Search found 876 matches

by gasdoc
Thu Mar 23, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: How did you do your income taxes?
Replies: 27
Views: 522

Re: How did you do your income taxes?

CPA

Gasdoc
by gasdoc
Thu Mar 23, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA (2017)
Replies: 78
Views: 8779

Re: Best HSA (2017)

atxeng wrote:edit...hi, I missed something in my calc, but I updated my post. It looks like in general HSA bank is the best, unless you use Saturna with one fund and only make one transaction a year and do not reinvest.


$1 per reinvest at Saturna makes a difference, how?

gasdoc
by gasdoc
Thu Mar 23, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 18
Views: 940

Re: What criteria warrants a need for Living Revocable Trust?

This is not in my wheelhouse (I am an intellectual property attorney, although I did take probate and estate planning classes in law school). However, even in Texas where probate is known to be simpler than many other states, I can still see many reasons for a revocable living trust (and we have on...
by gasdoc
Wed Mar 22, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 18
Views: 940

Re: What criteria warrants a need for Living Revocable Trust?

I found maintaining a living trust to be somewhat of a hassle. I finally got tired of it and did a do-it-yourself will in its place. I use the listing of beneficiaries whenever possible. In other words, I try to avoid having the beneficiary be "the estate."

gasdoc
by gasdoc
Wed Mar 22, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 98
Views: 3698

Re: Vehicles as a percentage of net worth

3 cars. 1.5% of net worth.

gasdoc
by gasdoc
Wed Mar 22, 2017 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Problems - Anyone Else?
Replies: 7
Views: 434

Re: Quicken Problems - Anyone Else?

No problem here- Quicken for MAC.

gasdoc
by gasdoc
Wed Mar 22, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a second home in Florida- mortgage or purchase
Replies: 15
Views: 1156

Re: Buying a second home in Florida- mortgage or purchase

I'd buy it outright. Ever look at all the fees you pay when you originate a new mortgage. We just skipped that whole deal when we bought our Florida house. Also makes it easy to complete the transaction from another state if that is necessary.

gasdoc
by gasdoc
Wed Mar 22, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Another student loans question
Replies: 13
Views: 846

Re: Another student loans question

KT785 - makes sense, yeah I'm definitely going to try hard to prevent any further upgrades to another house, I can imagine it's easier said than done. I guess it comes down to how much cash I should keep liquid. Thosee estimates you had were similar to what I had too, but I can see the benefit to h...
by gasdoc
Wed Mar 22, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Best HSA (2017)
Replies: 78
Views: 8779

Re: Best HSA (2017)

Thanks for all the info. I opened an HSA with Health Savings Administrators about a month ago but I wish i had researched more first. I've crunched some numbers comparing Health Savings Administrators and Saturna costs over seven years for comparison. Caveats: I did this specifically for my situati...
by gasdoc
Wed Mar 22, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Another student loans question
Replies: 13
Views: 846

Re: Another student loans question

I guess I am in the minority here. I would put down 20%, no PMI, and go with a 15 year term on the mortgage. Then work as hard as possible on the student loans. Consolidation should be considered. If the money is tight, I would put off buying for a year and get some of the debt mess cleaned up, and ...
by gasdoc
Tue Mar 21, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: What building year I should seek when shopping for a house?
Replies: 32
Views: 1979

Re: What building year I should seek when shopping for a house?

In our area, the 80's seemed to have shoddy construction.

Gasdoc
by gasdoc
Tue Mar 21, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Legal Issue: What kind of lawyer (or do I not need one yet)?
Replies: 41
Views: 3370

Re: Legal Issue: What kind of lawyer (or do I not need one yet)?

Contact the lawyer who represented you in the arbitration case. He knows the background and can most effectively shut down what sounds like an attempt to create an issue where there is none. +1. And don't respond other than through your attorney. I am not one, but have unfortunately had some experi...
by gasdoc
Mon Mar 20, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2124

Re: Creating a Will

If this is all "BS" then feel free to find other Boglehead threads to post on or find other things to do outside of the internet. It's not all BS. Steps 1, 2, and 3 are not; everything after that is. Yes, and you have been the most unhelpful person in this thread. While gr7070 may have be...
by gasdoc
Sun Mar 19, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2124

Re: Creating a Will

Agree that your situation is so simple that DIY should be fine. I would render all of your documents on PAPER and store them that way. This makes it far easier for your personal representative to deal with. If you leave them in digital form they have to have the correct program and OS to open them....
by gasdoc
Sun Mar 19, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Asset Consolidation
Replies: 5
Views: 305

Re: Asset Consolidation

I have kept only a small local bank account and a much larger online account for 25 years. I have only needed a large amount of money one time, and the solution was to send a bank cashiers check directly to the end recipient. This was when we purchased a second home in Florida, an all cash purchase....
by gasdoc
Sun Mar 19, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Personal finance planning
Replies: 13
Views: 1085

Re: Personal finance planning

First off, I'd move to GA, where you can get a very nice house for $400-$500K. :D Then, I'd be sure to have 20% down. If you struggle to get 20% down, you will need to pay the additional PMI, and may struggle to save what you need to with the high mortgage payments.

gasdoc
by gasdoc
Sun Mar 19, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2124

Re: Creating a Will

I found Legal Zoom to be a good source for our last wills and other necessary power of attorney documents. We had used an attorney previously, and I liked the online process better. The online companies are fine if your estate and plans are uncomplicated. We keep copies of the will, etc., in a home ...
by gasdoc
Mon Mar 13, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 52
Views: 11929

Re: Experience selling car to Carmax?

I've bought and sold numerous cars at CarMax. You don't get top dollar for your trade-in/sold car, and you don't pay lowest dollar for your purchase. But they make the process easy, so it depends how you value your time, how easy it would be to sell your car, and how much risk you want to take deal...
by gasdoc
Sun Mar 12, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 52
Views: 11929

Re: Experience selling car to Carmax?

Have both bought and sold via Craigslist and both were a success. As a seller, I make it perfectly clear that things will go smoothly in my ad. As a buyer, I simply take it to the mechanic and swallow the $50-80 once we agree on price. My time is always worth $500 an hour which I've saved above Car...
by gasdoc
Sun Mar 12, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: When should you replace a vehicle?
Replies: 52
Views: 3785

Re: When should you replace a vehicle?

Me- 10 years, 100K miles
DW- 7 years, 150K miles

gasdoc
by gasdoc
Sun Mar 12, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Home Transfer
Replies: 18
Views: 1024

Re: Home Transfer

DW is a part owner of a large tract of property she inherited with her sisters. What a mess! A couple of the sisters want it. A couple of the sisters don't want it. The sisters that want it can't afford to buy out the sisters that don't want it. Also, the sisters that want it can't afford the taxes ...
by gasdoc
Sun Mar 12, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 52
Views: 11929

Re: Experience selling car to Carmax?

Love Carmax. For the past 20 years (or however long CarMax has been around), I have only bought and sold cars through Carmax. It is effortless and fair. Yes, they make a profit. But it is the best way by far to avoid buying and selling directly with the public. There is absolutely no sales pressure ...
by gasdoc
Sun Mar 12, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: How do you keep spouse informed of family finances?
Replies: 36
Views: 4376

Re: How do you keep spouse informed of family finances?

I am in my 50's, and in good health, but... 1. Copies of insurance doc's, bank and investment account summaries, wills, powers of attorney, etc in a small safe. 2. Online copies of #1 in files labeled DH's documents, DW's documents, DD's documents- on the computer desk top. 3. Annual meeting to disc...
by gasdoc
Sat Mar 11, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Worth Raising Car Insurance Deductible?
Replies: 26
Views: 1509

Re: Worth Raising Car Insurance Deductible?

One thing has not yet been mentioned. If someone hits your car (it is their fault), and you do not have collision coverage, you get to negotiate with the other party's insurance yourself. If you have collision coverage, you can just put in a claim and your insurance will deal with the other insuran...
by gasdoc
Sat Mar 11, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 14500

Re: How Much in Your Emergency Fund And Is It Used?

I have a combined checking / Emergency Fund of $80-120K. My income and annual taxes vary markedly year-to-year, and I have a retirement defined benefit plan that requires high annual contributions. This online checking account, at CapitalOne360, pays a small amount of interest and I use it for routi...
by gasdoc
Sat Mar 11, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Worth Raising Car Insurance Deductible?
Replies: 26
Views: 1509

Re: Worth Raising Car Insurance Deductible?

We have had "liability only" coverage on all of our cars for the past ten years or so. We keep a fairly large emergency fund for various reasons. While it is painful to pay a claim oneself, it is liberating to not have the insurance company involved when dealing with the repair shops. gasdoc
by gasdoc
Fri Mar 10, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to rebalnce in Vanguard?
Replies: 7
Views: 605

Re: How to rebalnce in Vanguard?

Exchange 40k of Fund A for 40k of Fund B Exchange 30k of Fund A for 30k of Fund C Exchange 30k of Fund A for 30k of Fund D Three transactions; I don't think they have a one shot rebalance transaction like some 401(k)s unless they have added that. You can also do percents I believe instead of dollar...
by gasdoc
Thu Mar 09, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36456

Re: Physician Retirement Savings

:beer -PoF Great blog and nice post. Regarding geographic arbitrage, most salary comparisons between urban vs rural and between geographic regions do not break down the data to account for differences in distribution of practice types which exist. Particularly in procedural specialties where there ...
by gasdoc
Tue Mar 07, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3342

Re: At what age did you drop life and disability insurance?

"I think BruDude pointed out that the people who keep policies late in their careers tend to be adverse selected for those with high likelihoods of collecting. Healthy people cancel, sick people keep them. Once someone has plenty of assets to support retirement, individual health and whether on...
by gasdoc
Tue Mar 07, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36456

Re: Physician Retirement Savings

Physicians are accustomed to achievement. They have a very long pathway (and often painful) to final certification to practice medicine or perform surgery. Retirement also requires physicians to give up their identity as a doctor. It is near impossible to return to the practice of medicine after gi...
by gasdoc
Tue Mar 07, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3342

Re: At what age did you drop life and disability insurance?

The one site I saw suggested that, for people in this age group who become disabled for at least 3 months, the odds of being out for 5 years were around 45%. So overall risk of being out for the capped duration were under 2%. That would mean $100,000 of expected benefits if out until age 65, the be...
by gasdoc
Tue Mar 07, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to Child for Roth IRA
Replies: 13
Views: 736

Re: Gift to Child for Roth IRA

Yes - $70K for one person gifting, $140K for two people. Form 709 - 5 year forward averaging of gift, file it with your income taxes. Thanks, GRT2bOutdoors. Somewhat off topic, but if one were to be sending $1000/month to DD in support during college, less than five years after making a "5 yea...
by gasdoc
Tue Mar 07, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: What Car Should I Buy My Daughter as a Graduation Present
Replies: 81
Views: 4567

Re: What Car Should I Buy My Daughter as a Graduation Present

I forgot a comma between luxury and German, as well as after the and! You're still right that I left off some, but from your list that leaves only the Fords and Dodges. ;) Don't forget the Chryslers and Buicks! One could make the argument that they're Premium brands (a quite difficult argument wher...
by gasdoc
Tue Mar 07, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3342

Re: At what age did you drop life and disability insurance?

Is a level term disability policy "cheaper" as you get older? Although the rate doesn't increase from year to year, it only pays until you reach the age of 65,so effectively the benefit decreases as you get older. gasdoc The benefit is the same each year even as the level premium remains,...
by gasdoc
Tue Mar 07, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Gift to Child for Roth IRA
Replies: 13
Views: 736

Re: Gift to Child for Roth IRA

You are allowed to gift anyone up to $14000 a year without hitting gift tax issues. Since you said 'our' DD, you and your spouse each can gift her $14,000, making it $28,000 a year. So opening up a Roth for her with $5,500 should not be a problem UNLESS there are other gifts you have given her in t...
by gasdoc
Tue Mar 07, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3342

Re: At what age did you drop life and disability insurance?

Is a level term disability policy "cheaper" as you get older? Although the rate doesn't increase from year to year, it only pays until you reach the age of 65,so effectively the benefit decreases as you get older.

gasdoc
by gasdoc
Tue Mar 07, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3342

Re: At what age did you drop life and disability insurance?

This is the OP. If someone has a guaranteed term life or disability, does it generally make sense to keep the policy until the term expires, even if it is not really needed? My gut tells me the end of the term is relatively cheap.

gasdoc
by gasdoc
Tue Mar 07, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: What Car Should I Buy My Daughter as a Graduation Present
Replies: 81
Views: 4567

Re: What Car Should I Buy My Daughter as a Graduation Present

I think only luxury German brands and Subaru have sedans with AWD. Not even close: Ford Fusion Ford Taurus Lincoln MKZ Lincoln MKS Chrysler 200 Chrysler 300 Dodge Charger Dodge Challenger (new this year) Infinity Q50 Infinity Q70/Q70L Buick Lacrosse Buick Regal Cadillac CTS Cadillac ATS Cadillac XT...
by gasdoc
Tue Mar 07, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Gift to Child for Roth IRA
Replies: 13
Views: 736

Re: Gift to Child for Roth IRA

You are allowed to gift anyone up to $14000 a year without hitting gift tax issues. Since you said 'our' DD, you and your spouse each can gift her $14,000, making it $28,000 a year. So opening up a Roth for her with $5,500 should not be a problem UNLESS there are other gifts you have given her in t...
by gasdoc
Mon Mar 06, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3342

Re: At what age did you drop life and disability insurance?

Most financial planners will tell you that disability insurance is more important than life insurance if you have dependents. When you're young, you are much more like to become disabled than die. Also, if your company provides disability insurance, I believe the proceeds would be taxable income. I...
by gasdoc
Mon Mar 06, 2017 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3342

Re: At what age did you drop life and disability insurance?

Quite a large spread in ages! This seems to have more to do with one's feelings about insurance than even financial milestones. Very interesting. At this point, my main concern would be to become disabled, lose my income, and have expenses go way up to while treating some chronic medical condition. ...
by gasdoc
Mon Mar 06, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3342

Re: At what age did you drop life and disability insurance?

blueberry wrote:I felt comfortable dropping term life insurance when house was paid off, investments in the double comma club, and child was in college.

-bb


What was your age?

gasdoc
by gasdoc
Mon Mar 06, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3342

At what age did you drop life and disability insurance?

Hey, Bogleheads, I have decided I no longer need term life insurance and I don't need as much disability insurance, though I am not quite ready to give it all up. I plan to stop paying the life insurance premium and let it lapse when the current term expires. Regarding the disability insurance, I ha...
by gasdoc
Mon Mar 06, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get term insurance for spouse ?
Replies: 23
Views: 1339

Re: Should I get term insurance for spouse ?

I agree with term for you. I would not get life insurance for DW. You have the assets and income to come fairly close to maintaining your current standard of living if she were not there.

gasdoc
by gasdoc
Mon Mar 06, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: What are your alternate investments?
Replies: 21
Views: 1523

Re: What are your alternate investments?

Does a kid count? Otherwise, none.

gasdoc
by gasdoc
Sun Mar 05, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36456

Re: Physician Retirement Savings

I'll say the same thing here (even as a fellow doc) that i have said on other threads and that is I just don't get some of the posters goals. How many folks who have worked their backends off to accumulate 5-10+ million will just be able to throw in the towel and spend lavishly when they have never...
by gasdoc
Sun Mar 05, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should the money earmarked for certain expenses be part of net worth?
Replies: 52
Views: 3091

Re: Should the money earmarked for certain expenses be part of net worth?

I consider the 529 money a little different from other expenses that are "earmarked." In this case, the money has actually been "promised" to our child, and has her name on it. I consider this money that is already "spent." This is the only expense I don't count in my n...
by gasdoc
Sun Mar 05, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36456

Re: Physician Retirement Savings

Age 56
Goal $5M
Goal age 60-62.
Sorry- not comfortable stating net worth, but goal seems manageable.

Gasdoc
by gasdoc
Fri Mar 03, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Insurance on a diamond engagement ring
Replies: 27
Views: 1979

Re: Insurance on a diamond engagement ring

I would not insure something that I would not be forced to replace and is not a store of value. If I had a collection of art or jewelry that I was holding as an investment and I wanted to protect its value then I might insure it for some fraction of its market value. If we were to lose an engagemen...
by gasdoc
Thu Mar 02, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Store Important Documents Online?
Replies: 51
Views: 2339

Re: Store Important Documents Online?

Aren't most of your important documents already stored by the other parties to the documents? To some extent, yes. However, in many cases you can only download 1 year worth of documents, which is might not be enough. Also, in the case of an online banking or brokerage account, if your account is lo...

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