Search found 94 matches

by jkushne1
Wed Jul 15, 2020 6:49 am
Forum: Personal Consumer Issues
Topic: Which household items have made your life easier/more convenient/happier?
Replies: 82
Views: 6840

Which household items have made your life easier/more convenient/happier?

My wife and I are in the process of buying our first home. I know the data that experiences > material items in terms of happiness but that's not the topic for this particular post. I'm curious as to what particular material items people have found that the cost/purchase has actually made their life...
by jkushne1
Sat Jul 11, 2020 8:17 am
Forum: Personal Consumer Issues
Topic: New locks for doors - any recommendations?
Replies: 21
Views: 1389

New locks for doors - any recommendations?

We will be moving into a new home (residential, safe neighborhood) later this summer and plan on switching out the locks on our exterior doors. A quick cursory google search shows there are several options available - varying safety features, wifi enabled, key code entry, "smart locks", di...
by jkushne1
Wed Jul 08, 2020 7:15 pm
Forum: Personal Consumer Issues
Topic: Anybody use a percussion massage device?
Replies: 23
Views: 2049

Anybody use a percussion massage device?

Over the past year I've started to commit much more to fitness but the muscles just don't recover "like they used to". I've heard a lot about some of the newer handheld percussion massage devices and was wondering if anybody had experience and felt it was worth the cost. Also, if you had e...
by jkushne1
Wed Jun 03, 2020 5:11 am
Forum: Personal Finance (Not Investing)
Topic: What is your homeowner's insurance deductible? Any recommended endorsements/riders?
Replies: 19
Views: 1622

What is your homeowner's insurance deductible? Any recommended endorsements/riders?

I am in the process of buying our first home and looking at homeowner's insurance for the first time. Previously we've only been renters. I am in the process of evaluating the various policies and trying to evaluate costs as well as actual coverages. -What does everyone have for their deductible? I ...
by jkushne1
Thu May 21, 2020 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage: home town bank with slightly higher rate vs large bank with lower rate?
Replies: 7
Views: 866

Mortgage: home town bank with slightly higher rate vs large bank with lower rate?

First time homebuyer (Physician) on Eastern side of Pennsylvania. Family/financial situation stable and mortgage < 1x 2019 income (although 2020 will be reduced from COVID). Have been in the process of shopping mortgages through WCI/Physician philosopher/local lenders/real estate agent recommendatio...
by jkushne1
Fri Feb 28, 2020 10:29 am
Forum: Investing - Theory, News & General
Topic: TLH with same fund in taxable and IRA
Replies: 1
Views: 124

TLH with same fund in taxable and IRA

I'm relatively new to the concept of Tax Loss Harvesting and had a few questions given all the recent market volatility. All of my funds are currently at Vanguard for reference. 1) Do most people keep mutual funds or ETF in their taxable accounts (VTSAX or VTI for instance). I generally prefer mutua...
by jkushne1
Sun Feb 09, 2020 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Where do you have your business checking account?
Replies: 1
Views: 209

Where do you have your business checking account?

For all of the sole proprietors and S-corp's out there, where do you have your business checking account? My current personal savings/checking is at Ally bank but I have plans to setup a separate business checking account for my independent contractor 1099 income and keep things "cleaner/separa...
by jkushne1
Sat Jan 18, 2020 8:16 am
Forum: Personal Consumer Issues
Topic: How far in advance to buy flights to Orlando/Disney over Thanksgiving 2020?
Replies: 8
Views: 872

How far in advance to buy flights to Orlando/Disney over Thanksgiving 2020?

My family will be flying to Orlando the week of Thanksgiving 2020 (11/20-11/28) from the East Coast for a large family reunion and also to go to DisneyWorld. I just looked at flights and they are $600+ for main cabin on American. I realize that is a crazy week to fly so my question is in general is ...
by jkushne1
Mon Dec 16, 2019 9:24 pm
Forum: Personal Investments
Topic: Worth starting i401k for spouse?
Replies: 2
Views: 200

Worth starting i401k for spouse?

Situation: currently FT physician. Wife used to work full time as a midlevel but has stopped the past couple years to raise our children. She recently did a couple article reviews for one of her professional magazines and was paid $1000 for it. That was her only income for the year. Her plan is to e...
by jkushne1
Wed Nov 06, 2019 1:05 pm
Forum: Personal Investments
Topic: Extra cost to become an S-corp vs sole proprietorship?
Replies: 7
Views: 646

Extra cost to become an S-corp vs sole proprietorship?

I am currently a physician acting as an independent contractor, paid entirely on 1099 income. My income has slowly grown over the years. I have been told that I should consider switching my taxation status from a sole proprietor to an S-Corp to save on payroll taxes. Essentially I would save on the ...
by jkushne1
Fri Aug 23, 2019 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Recommendations for estate planning attorney in Philadelphia suburbs
Replies: 3
Views: 383

Re: Recommendations for estate planning attorney in Philadelphia suburbs

Current NW ~600k but am very young and have large upside with my medical career which I'm essentially just starting so assets likely to ^^^ quickly. I've been reading a few estate planning books and most recommend setting up a trust for a variety of reasons so I'm curious why you say that isn't the ...
by jkushne1
Fri Aug 23, 2019 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Does it matter if your "potential" estate attorney is near retirement?
Replies: 20
Views: 1221

Does it matter if your "potential" estate attorney is near retirement?

I’m recently out of my medical training and looking to take care of my estate planning. My in-laws have been very happy with their estate attorney and have been using them for 20-30 years with no complaints. My plan was to utilize him since he has served them so well and has significant experience d...
by jkushne1
Thu Aug 22, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendations for estate planning attorney in Philadelphia suburbs
Replies: 3
Views: 383

Recommendations for estate planning attorney in Philadelphia suburbs

I currently live in the Philadelphia suburbs, about an hour north of the city. I am looking for a good attorney for estate planning and was wondering if anyone had recommendations. I would likely need everything setup...wills, revocable trusts, POA, medical, etc... Thanks!
by jkushne1
Mon May 13, 2019 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Best business checking account for an independent contractor?
Replies: 2
Views: 501

Best business checking account for an independent contractor?

I am an independent contractor physician (no employees, just me) acting as a sole proprietor. I have been doing a lot of reading on white coat investor and plan to open a business checking account so that I can run all income and expenses through this account. Although I know it’s not required for a...
by jkushne1
Sun Feb 10, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best uses of Chase Ultimate Rewards Points
Replies: 28
Views: 3991

Best uses of Chase Ultimate Rewards Points

I currently have a Chase Sapphire Reserve and Chase Freedom Unlimited. At this point in my career, I'm not interested in churning credit cards to gather points as I used to in the past. I really like the Reserve card and the Ultimate Rewards points through the combination of both cards I own. I have...
by jkushne1
Sun Feb 10, 2019 1:05 pm
Forum: Personal Investments
Topic: How to get income low enough for 199a deduction?
Replies: 2
Views: 388

How to get income low enough for 199a deduction?

Fresh out of training as a new physician. My attending job is all 1099 income. I've been doing lots of reading on the 199a deduction here at WCI, bogleheads, Kitces, etc... It's obviously very complicated and a lot has to be worked out still. For 2018, I will only have a few months of attending inco...
by jkushne1
Wed Nov 28, 2018 9:17 pm
Forum: Personal Consumer Issues
Topic: Car advice - new attending - what to buy?
Replies: 37
Views: 4263

Re: Car advice - new attending - what to buy?

Wow, been busy the last few days and just getting back to see all the responses from my original post. Definitely appreciate the feedback - lots of great ideas.  One wrinkle that I guess I didn't mention in the OP but has become more apparent as I approach the end of our lease and had an opportunity...
by jkushne1
Sat Nov 24, 2018 7:24 pm
Forum: Personal Consumer Issues
Topic: Car advice - new attending - what to buy?
Replies: 37
Views: 4263

Car advice - new attending - what to buy?

I could use some advice/suggestions on a car to buy. I just finished residency in July. Here is some background financial info on me. Net worth ~300k. Paid off student loans. Stay at home wife with 1 young child. Unsure of a second. Expected income for first full year (2019) ~450-500k+. Currently ow...
by jkushne1
Sat Aug 04, 2018 7:58 am
Forum: Personal Consumer Issues
Topic: "Safe" recommendations to store important documents?
Replies: 10
Views: 1432

"Safe" recommendations to store important documents?

I am just starting to look for a secure safe and was wondering if the group had any specific recommendations. Here are some of the items I'm looking for.  -Fireproof.  -Waterproof -Size: I only have to store passports, social security cards, a few secure pieces of paper, a small thumbdrive, etc... s...
by jkushne1
Fri Aug 03, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Anyone have experience with an Au Pair?
Replies: 8
Views: 1848

Anyone have experience with an Au Pair?

Current situation: my wife and I currently have one kid at home but possibly another in the next year or two. My wife is currently stay at home but wants to get back in the working world at least part time. We've discussed daycare, hiring a nanny, etc... but one of my attendings mentioned how much o...
by jkushne1
Sun Jul 08, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: New ladies bike: recommendations
Replies: 17
Views: 1387

New ladies bike: recommendations

I’m in the market for a new ladies bike but have never purchased one before. I was curious if anyone had recommendations. A little background info -I’m 6 feet tall and weigh about 170. Athletic build. -I’d like to use the bike for leisure and maybe some road biking. Nothing competitive. I’m guessing...
by jkushne1
Tue Jun 12, 2018 8:30 pm
Forum: Personal Consumer Issues
Topic: Best Father's Day Gift You Ever Received (or wish you'd received)
Replies: 23
Views: 2988

Best Father's Day Gift You Ever Received (or wish you'd received)

With Father's Day around the corner, I was looking to get my father something nice. This year I won't be home for father's day and am still a medical resident with little money. But next year I will be back home and also should have more money as at attending. So, I was hoping to throw this out to t...
by jkushne1
Tue May 15, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: Planned Summer trip to the Finger Lakes. Suggestions?
Replies: 8
Views: 1144

Planned Summer trip to the Finger Lakes. Suggestions?

Finishing residency this summer and planning on doing a summer trip out of Philadelphia before I start my job in August. Looking to travel at the end of July into the first week of August. We were considering going to the finger lakes for about a week and was wondering if people had any suggestions ...
by jkushne1
Fri Apr 13, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: PURE insurance for high net worth families. Has anyone heard of them?
Replies: 3
Views: 1039

PURE insurance for high net worth families. Has anyone heard of them?

One of my colleagues mentioned that he uses a company called PURE (Privilege Underwriter's Reciprocal Exchange) for all his insurance needs (auto, home, umbrella). He said they had excellent rates and great customer service as they only cater to a small sector of the population (high net worth). I w...
by jkushne1
Thu Apr 05, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: How to find a quality Estate Planning Attorney?
Replies: 31
Views: 4001

How to find a quality Estate Planning Attorney?

I am currently in the process of getting my financial house in order and plan on meeting with an Estate Planning Attorney in the next 12 months. However, what resources are available for finding a competent, reasonably priced attorney. Is there a good list somewhere. For reference, I live in the Phi...
by jkushne1
Tue Apr 03, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve: can I decline rental car insurance at the counter?
Replies: 7
Views: 1935

Chase Sapphire Reserve: can I decline rental car insurance at the counter?

Just got the CSR card and love all the great benefits. While there are many, one that I was particularly looking at with an upcoming trip is rental car insurance protection. A quick read suggested you're covered up to $75k of collision/theft but didn't seem to cover liability if anyone got hurt (if ...
by jkushne1
Thu Mar 29, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: At what price difference would you no longer go with USAA for auto insurance?
Replies: 18
Views: 2253

At what price difference would you no longer go with USAA for auto insurance?

Everyone I've spoken to, and the reports I've read online have had nothing but good things to say about USAA, especially for auto. I'd like to go with them based on that information, but at what point is that added service not worth it and they price themselves out of the market. For instance, I've ...
by jkushne1
Sun Mar 25, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Deciphering USAA Auto Policy (or any auto policy for that matter). Need help.
Replies: 7
Views: 1553

Deciphering USAA Auto Policy (or any auto policy for that matter). Need help.

I've posted a couple times in the past on a similar topic, but this post will be more comprehensive and hopefully can benefit other people who go through the same process with USAA (or even a good reference for any auto insurance evaluation). I will be finishing residency and moving form MI--> PA an...
by jkushne1
Sun Mar 25, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: PA (or similar state) Auto: Full Tort vs Limited Tort?
Replies: 4
Views: 557

PA (or similar state) Auto: Full Tort vs Limited Tort?

I am in the process of moving to Pennsylvania and will need to switch auto carriers. One of the unique things I found out about Pennsylvania is they have an option of "Full tort" vs "Limited tort". I'm not sure if other states have something similar but I was wondering what brigh...
by jkushne1
Sat Mar 24, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard i401k not syncing w/ aggregators bur rest of accounts do?
Replies: 2
Views: 296

Vanguard i401k not syncing w/ aggregators bur rest of accounts do?

I currently have most of my money in Vanguard and have been using aggregators Mint and Personal Capital for a couple years. I recently started an i401k at Vanguard and can see the money on my main Vanguard page along with all the rest of my other Vanguard accounts. However, when I login to either of...
by jkushne1
Tue Mar 20, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Index investing vs Real Estate/P2P/websites, etc.. How much is time worth?
Replies: 8
Views: 939

Index investing vs Real Estate/P2P/websites, etc.. How much is time worth?

I've currently been wrestling with further diversifying my overall portfolio. Currently, I do plain old vanilla investing with Vanguard index funds that is well-diversified and I will certainly stick with for the long term. I've read enough already that I feel comfortable with my plan, it is easy to...
by jkushne1
Tue Mar 20, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Best Practices for Saving Tax Returns and Supporting Documents
Replies: 2
Views: 487

Best Practices for Saving Tax Returns and Supporting Documents

As tax season is here, I was just wondering what the best practices are for storing/saving the tax documents. I know there are different posts online about how long you should be saving the documents (with some variability in those recommendations), but was curious what most people do on this forum....
by jkushne1
Sun Mar 18, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bundling Insurance Providers when moving to a new state?
Replies: 2
Views: 296

Bundling Insurance Providers when moving to a new state?

I am a current resident about to graduate and will be moving from Michigan to Pennsylvania (near Philadelphia). We will initially be renting, but one of the major items on my “to-do list” is to review my insurance policies and get established in the new area. And for this particular post, I’m not ta...
by jkushne1
Thu Mar 15, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Family separation to maximize HDHP/HSA & also get good benefit for frequent user
Replies: 1
Views: 336

Family separation to maximize HDHP/HSA & also get good benefit for frequent user

Currently my wife (stay at home; 31yo), son (15mo) and myself (31yo) are all on the same medical plan under my employer. I will be starting as an independent contractor this summer and therefore will be purchasing insurance on the open market for the first time. My son and I are completely healthy a...
by jkushne1
Thu Mar 15, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Are dental/vision premiums deductible for an independent contractor?
Replies: 3
Views: 530

Are dental/vision premiums deductible for an independent contractor?

About to finish residency and will be starting as an independent contractor this summer as an attending and therefore purchasing medical, dental and vision insurance for me and my family on the open market. My understanding is that the health insurance premiums were deductible on my taxes but I wasn...
by jkushne1
Sat Mar 10, 2018 8:02 am
Forum: Personal Investments
Topic: Contingent Beneficiaries
Replies: 6
Views: 1188

Contingent Beneficiaries

Currently a resident and trying to get my financial house in order. One of the major things this week is making sure beneficiaries and contingent beneficiaries are in place for all of my accounts. My spouse is the primary beneficiary (and vice versa) and the contingent beneficiary is currently her s...
by jkushne1
Wed Mar 07, 2018 7:04 am
Forum: Personal Investments
Topic: Switching to online bank. Keep brick/mortar bank account open?
Replies: 54
Views: 5307

Switching to online bank. Keep brick/mortar bank account open?

After doing enough of my own research on forums and online, I'm convinced of the benefits of opening up an account at an online bank (Ally). However, I was wondering if I should be closing my brick/mortar bank account (Wells Fargo) or just leaving a small portion of cash there. -For those who only u...
by jkushne1
Tue Mar 06, 2018 7:47 pm
Forum: Personal Investments
Topic: Paying State Taxes when converting 401k-->IRA-->Roth IRA?
Replies: 6
Views: 836

Paying State Taxes when converting 401k-->IRA-->Roth IRA?

I was curious how state taxes come into play when you are rolling over money from a pre tax retirement account (401k, IRA) to a tax free retirement account (Roth IRA). I'm assuming you pay taxes to the state that you are currently residing in and not the state where you earned the money, but I was c...
by jkushne1
Wed Feb 21, 2018 8:13 pm
Forum: Personal Investments
Topic: Can you front load a solo 401k based upon expected income?
Replies: 4
Views: 762

Can you front load a solo 401k based upon expected income?

I will be an independent contractor next year with likely income between 300-400k. I will be starting a solo 401k and plan to max it out each year. My question is when do most people contribute to their i401k? Do they do it periodically throughout the year when they get each paycheck like most W2 em...
by jkushne1
Sun Feb 11, 2018 8:21 am
Forum: Personal Investments
Topic: Which 529 to use: Nevada, Utah, or Michigan?
Replies: 5
Views: 1009

Which 529 to use: Nevada, Utah, or Michigan?

I'm currently finishing up medical training in Michigan and have started a small 529 for my first child. I will be moving to Pennsylvania and staying there for (hopefully) the rest of my career. Pennsylvania is great in that they will give you a deduction if you contribute to ANY 529. So at this poi...
by jkushne1
Sat Feb 10, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Dropping comprehensive/collision auto insurance - implications with rentals?
Replies: 23
Views: 1921

Dropping comprehensive/collision auto insurance - implications with rentals?

I currently have two vehicles, one is relatively new and the other is a beater. I am considering dropping the comprehensive/collision on the beater (keeping liability of course) but was wondering what implications that has whenever I need a rental vehicle for trips, etc... I want to make sure that i...
by jkushne1
Mon Feb 05, 2018 9:38 pm
Forum: Personal Investments
Topic: Asset Allocation with spreadsheet vs aggregator, which is more accurate?
Replies: 1
Views: 329

Asset Allocation with spreadsheet vs aggregator, which is more accurate?

I have been adjusting my asset allocation the last year or so and finally came upon a plan I am comfortable with. I only have 5 major asset classes (Total stock, total international, Total Bond, SCV, REIT). Every few months I put my current numbers in a spreadsheet and based upon my desired allocati...
by jkushne1
Tue Jan 23, 2018 6:27 am
Forum: Personal Investments
Topic: Where do REIT's belong in asset allocation- under stocks or in a separate class?
Replies: 2
Views: 601

Where do REIT's belong in asset allocation- under stocks or in a separate class?

I’m working on revising my asset allocation and trying to figure out where REITs belong. I’ve seen some people lump them under their domestic stock allocation while other people put it under an alternatives/Real Estate section. I was personally thinking of putting it under its own alternatives/real ...
by jkushne1
Thu Jan 11, 2018 9:29 pm
Forum: Personal Investments
Topic: Investing in my HSA although insurance is through my spouse. Will this work?
Replies: 2
Views: 346

Investing in my HSA although insurance is through my spouse. Will this work?

I am currently an attending physician working as an independent contractor. Prior to this job, I was a resident with a W2 salary and contributed to my HSA every year (family contribution). Currently, my account has ~20k in it. However, now that I am an independent contractor, we get our family insur...
by jkushne1
Mon Jan 01, 2018 2:51 pm
Forum: Personal Investments
Topic: Transferring Money from Roth 401k to Roth IRA, when does it make sense?
Replies: 3
Views: 391

Transferring Money from Roth 401k to Roth IRA, when does it make sense?

I am a current medical resident and soon to be attending. My wife worked throughout residency but stopped after the birth of our son. She has been investing in her company retirement plan. They have a Roth option so we have contributed all money to their Roth 403b (with me in lower earning years as ...
by jkushne1
Wed Dec 13, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Apps or spreadsheets for tracking miles, expenses, etc... as an independent contractor
Replies: 0
Views: 225

Apps or spreadsheets for tracking miles, expenses, etc... as an independent contractor

In July I will be starting a job as a new attending physician (graduate residency in June). The position is as an independent contractor so I know there will be several expenses that will help on my tax return in regards to business deductions (travel mileage, conferences, home office, work equipmen...
by jkushne1
Mon Dec 11, 2017 9:14 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 10145

Snow Tires? Worth it?

Random question for the group. I currently have 4 wheel drive Honda CRV with all season tires. However, we just moved to a cold weather location with longer winters and I have a longer commute now than before. My questions: -Does anyone recommend snow tires, even if a 4 wheel drive care? I have a wi...
by jkushne1
Tue Jul 18, 2017 8:45 pm
Forum: Personal Investments
Topic: Considering a new accountant?
Replies: 5
Views: 1047

Considering a new accountant?

Currently a medical resident but will be graduating soon. My tax returns have been relatively uncomplicated thus far and I've always used my family's CPA who has done a fine job with the preparation. He has always been good at answering my questions (especially after I've done my own reading on a to...
by jkushne1
Wed Jul 12, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 10999

Re: Jewelry insurance. Is it ever worth it?

 Definitely appreciate all of the input on this. I plan on discussing with my wife this weekend and also reviewing our renter's policy for options. As to the cost of the rings, I didn't actually pay that much. The main stone was a family heirloom and several of the smaller diamonds were also passed ...
by jkushne1
Tue Jul 11, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 10999

Jewelry insurance. Is it ever worth it?

My wife has a three pieces of jewelry worth about $20k in all. For the past couple years we've paid for jewelry insurance at a cost of approximately $320 dollars annually. Not a great deal of money, but the more I read and learn about finance, the more I see that you should only insure things you ca...