Search found 27 matches

by O2sats
Wed Jan 01, 2020 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: 900,000 student loan refinancing recomendations
Replies: 71
Views: 8325

Re: 900,000 student loan refinancing recomendations

Refinance ASAP. Sofi will let you stop payments in event of job loss, etc. The world of medicine is changing, and not in your favor. I would pay them off ASAP
by O2sats
Sat Nov 16, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Still don't understand deductability of medical specialty board exam fees
Replies: 13
Views: 1622

Re: Still don't understand deductability of medical specialty board exam fees

I believe that they are, especially if your side gig is related to medicine.
by O2sats
Mon Oct 14, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6697

Re: Frustrated with dentist fees

I wouldn't be surprised if the front desk staff was direct in saying if there is an outstanding bill it will be sent to collections. I doubt it was rude. If it was, vote with your feet and find a new dentist. Your insurance is probably not "good insurance" and actually doesn't pay the dentist a fair...
by O2sats
Sun Jul 28, 2019 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Emergency to Emergency Fund
Replies: 54
Views: 4318

Re: Handling Emergency to Emergency Fund

Yes. I think the providers would get by okay. It's a matter of priorities. -TheDDC I don't think the idea of not paying for services rendered (because they make enough as it is) is congruent with the philosophy of Bogleheads. Here we are expected to offer suggestions that are ethical and comply wit...
by O2sats
Mon Jun 24, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Triage in ER - charged $790
Replies: 60
Views: 5514

Re: Triage in ER - charged $790

So you showed up to an Emergency room with trained personnel waiting to treat your emergency, took a patients hospital bed in said emergency room, diagnosed yourself that you weren't having an emergency and left without telling anyone. And now you don't want to pay for that service?
by O2sats
Fri Jan 18, 2019 9:09 pm
Forum: Personal Consumer Issues
Topic: Any admission pointers from pre- med/ med students?
Replies: 58
Views: 3673

Re: Any admission pointers from pre- med/ med students?

A relative of mine did not get into med school until the 3rd try. Probably the working experience after college finally paid off. I don't know how unusual that is. I didn't get into medical school until the 3rd (and final) attempt. I had to re-take my MCAT to improve my score, and submit my applica...
by O2sats
Tue Dec 25, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 411
Views: 61926

Re: What NON frugal thing did you do today?

Just opened the silver oak to breath. Itā€™s going with the prime rib we are having later. Also a splurge. My Camus cab is breathing as well. Both of those are some of my favorites. I try not to indulge too often in the nicer bottles. I say that as I'm letting my Stag's leap cab breathe now too šŸ˜
by O2sats
Sun Sep 02, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Medical liability claim settlement. What is fair?
Replies: 40
Views: 2884

Re: Medical liability claim settlement. What is fair?

You didn't want to pay the lawyer money, but now want to keep 1/2 the money for doing the negotiating? All for negotiating a signficantly less amount than a lawyer would have?
by O2sats
Sun Mar 18, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 10139

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

OP, This actually isnt "an unusual situation." This financial advisor/salesman is simply trying to extract money from you by managing your accounts. FA's love to make things seem very complicated, ie 16 different asset classes. Thats unnecessary. Also, not a great idea to mix business and personal r...
by O2sats
Sun Feb 18, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Did Backdoor Roth with existing Rollover IRA
Replies: 5
Views: 683

Re: Did Backdoor Roth with existing Rollover IRA

I think you need to file a 1040x for 2016. You will have to pro-rate your 2016 conversion using form 8606. It might be easiest to do this by hand rather than through software. You will owe some tax and penalty for the 2016 conversion. I do not know how to calculate the penalty,but maybe the 1040x f...
by O2sats
Sun Feb 18, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Did Backdoor Roth with existing Rollover IRA
Replies: 5
Views: 683

Did Backdoor Roth with existing Rollover IRA

Just realized I had an unknown Rollover IRA with Fidelity. I have had it for many years with about $3500 in it. I have done backdoor Roth IRA's for the past 3 years ('16,'17,'18). Now realizing I have violated the Pro-Rata rule, what should I do? I have used tax software to do my own taxes. (Tax Act...
by O2sats
Fri Jan 26, 2018 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Accountant Recommends doing Whole Life Insurance
Replies: 64
Views: 6946

Re: Accountant Recommends doing Whole Life Insurance

My accountant recommended me open whole life insurance to save on taxes, this is an advisable strategy? Everything on Bogleheads suggests it's not... Any insight or advice on why he might of recommended it would be helpful. Currently 28, Single, California, 750K 2017 Income (W2/K1). Whole life insu...
by O2sats
Mon Jan 22, 2018 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Physician
Replies: 28
Views: 2801

Re: Disability Insurance - Physician

darrvao777 wrote: ā†‘
Mon Jan 22, 2018 2:42 pm
I would go to WCI, peruse a few articles, and use one of his recommended agents

I used Larry Keller and had a great experience
Agreed, I also used Larry Keller and have nothing but positive things to say.
by O2sats
Sat Nov 25, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Pay this off now or not?
Replies: 33
Views: 3322

Re: Pay this off now or not?

HIghtower, I enjoy your posts both here and over at WCI as well. I know you have been struggling with paying off debt, wanting to increase taxable account, etc. It sounds like you want to pay off the student loans, but want to maximize your net worth. If you were to ask Zaphod over at WCI, he would ...
by O2sats
Sun Nov 19, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: Are expensive tires worth it?
Replies: 42
Views: 4475

Re: Are expensive tires worth it?

I try to be a cost-conscious consumer in many ways, but I do subscribe to the philosophy of not going cheap on things that stand between you and the ground-shoes, mattress, and tires.
by O2sats
Fri Sep 22, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Realtor to buy home?
Replies: 36
Views: 3971

Re: Realtor to buy home?

Sellers usually pay all realtor commissions (at least in my area), so unless your son specifically gets the house for a lower amount due to the seller not having to pay a buyers agent commission, there is no harm in using one. I have heard that the buyer is the one paying all of the realtor fees. A...
by O2sats
Mon Jul 17, 2017 10:39 am
Forum: Personal Consumer Issues
Topic: Anyone have a second home in The NC mountains?
Replies: 25
Views: 4120

Re: Anyone have a second home in The NC mountains?

We own a place on lake Keowee near Clemson SC. Beautiful area with lots of great hiking close by. It has a large retirement population here as the price of lake property and the cost of living is very reasonable compared to larger metro areas. Another vote for Lake Keowee. Heading there to my dads ...
by O2sats
Thu Sep 22, 2016 9:51 pm
Forum: Investing - Theory, News & General
Topic: Extreme Maximization of College Financial Aid
Replies: 89
Views: 8998

Re: Extreme Maximization of College Financial Aid

This. "Oh, education is important to you. Sure a state school is good for people who don't value an "elite" education as much as you do, but then you aren't actually willing to pay for the elite education yourself. Do you think the financial aid endowments at these places are magical? As you scheme...
by O2sats
Sun Sep 11, 2016 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: retiring with a mortgage
Replies: 35
Views: 4262

Re: retiring with a mortgage

Everyone looks at debt differently.
Reading this forum has helped me see what debt really means to me-
"a noose around my neck"

I would pass on the 30 year mortgage to start retirement. Especially if your parents have plenty of assets to live comfortable.
by O2sats
Sun Aug 14, 2016 9:58 am
Forum: Personal Investments
Topic: new chapter of life started - want to save and grow money
Replies: 84
Views: 10833

Re: new chapter of life started - want to save and grow money

I am in a similar situation as you. I am 35 and just finished fellowship. I have been following the whitecoat investor and bogleheads for about one and a half years. It has been a huge help to me, along with reading the WCI book and a few other recommended books you mentioned. I would highly suggest...
by O2sats
Mon Jul 04, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a million dollar house?
Replies: 85
Views: 13778

Re: Can I afford a million dollar house?

quantAndHold wrote:I think I must have read a different set of responses than you did. But when I was reading, I wasn't looking for someone to confirm a decision I'd already made, so I might have been more objective.
+1
by O2sats
Wed Jun 15, 2016 11:27 am
Forum: Investing - Theory, News & General
Topic: Inevesting Mistakes or Regrets
Replies: 49
Views: 7929

Re: Inevesting Mistakes or Regrets

Not doing what I could to reduce my future student loan burden through college and medical school. But very grateful to have found this site and WCI a few years ago before I started making more mistakes with money.
by O2sats
Fri Jun 10, 2016 7:01 pm
Forum: Investing - Theory, News & General
Topic: NFL Player Using Index Funds
Replies: 5
Views: 1617

Re: NFL Player Using Index Funds

He's a boglehead and doesn't even know it!
by O2sats
Tue Feb 09, 2016 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Finally a budget revised - Goals/Priorities
Replies: 21
Views: 2142

Re: Finally a budget revised - Goals/Priorities

Our house is in escrow. Our goals are to put as much as we can to retirement savings. We are in our 30s and no debt except mortgage debt. I know there is some fluff here so I am anticipating some of the feedback, but I think I need to hear it. :D Income 120K, Texas no state income tax Monthly bills...
by O2sats
Tue Dec 29, 2015 7:24 pm
Forum: Personal Investments
Topic: 403b and backdoor roth
Replies: 2
Views: 393

Re: 403b and backdoor roth

Thank you very much for the reply! I will plan on keeping my 403b contributions for the first 6 months of 2016, maybe even increase them if I can. After 2016 my income will put me in a higher tax bracket, so I will be maxing out my pre-tax retirement accounts. Unfortunately, I will not have access t...
by O2sats
Tue Dec 29, 2015 12:40 pm
Forum: Personal Investments
Topic: 403b and backdoor roth
Replies: 2
Views: 393

403b and backdoor roth

Hello! I have been reading your site for a little over a year, and am an avid reader of whitecoatinvestor.com I would love some help about a question I have. I am currently completing a one year fellowship. I have been contributing to my employer 403b as Roth (after-tax)contributions. Starting in th...
by O2sats
Sat Dec 12, 2015 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation
Replies: 23
Views: 5809

Re: Physician Compensation

If I was doing this again, especially for an employee position, I would hire an expert to review the contract. The good firms basically throw the MGMA data in for free and for some extra $$$$ will even do the negotiating for you. But this isn't your cousin the lawyer. It's someone who does physicia...