Search found 365 matches

by financial.freedom
Sat Nov 24, 2018 12:26 am
Forum: Investing - Help with Personal Investments
Topic: Muni TLH question
Replies: 6
Views: 590

Re: Muni TLH question

Depending on your federal marginal tax rate, you might also take a look at exchanging into short-term Treasury index fund for the second piece. For me, at fed 27% and state 8% marginal rates, STT index taxable-equivalent yield is only 10 basis points less than limited term TE, but duration of STT i...
by financial.freedom
Sat Nov 24, 2018 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Muni TLH question
Replies: 6
Views: 590

Re: Muni TLH question

In taxable, my bonds are 50% Calif Intermediate Term (VCAIX) and 50% National Intermed Term Tax Exempt (VWITX). Essentially, all lots under cost basis show losses since I started investing in these funds since 2016. I plan to put an an order for Monday to exchange 100% of shares as follows: A. Cali...
by financial.freedom
Sat Nov 24, 2018 12:24 am
Forum: Investing - Help with Personal Investments
Topic: Muni TLH question
Replies: 6
Views: 590

Re: Muni TLH question

In taxable, my bonds are 50% Calif Intermediate Term (VCAIX) and 50% National Intermed Term Tax Exempt (VWITX). Essentially, all lots under cost basis show losses since I started investing in these funds since 2016. I plan to put an an order for Monday to exchange 100% of shares as follows: A. Cali...
by financial.freedom
Fri Nov 23, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Muni TLH question
Replies: 6
Views: 590

Muni TLH question

In taxable, my bonds are 50% Calif Intermediate Term (VCAIX) and 50% National Intermed Term Tax Exempt (VWITX). Essentially, all lots under cost basis show losses since I started investing in these funds since 2016. I plan to put an an order for Monday to exchange 100% of shares as follows: A. Calif...
by financial.freedom
Sun Oct 28, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: What can I do with new 1099 moonlighting income?
Replies: 5
Views: 637

Re: What can I do with new 1099 moonlighting income?

Clarify with employer that 401k participation is restricted or is the match just unavailable. My spouse was told something similar about a 403b, but could contribute without a match. This happened at multiple institutions and if we didn't push, we'd be 4 years behind... Great idea, I will clarify. ...
by financial.freedom
Sun Oct 28, 2018 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: What can I do with new 1099 moonlighting income?
Replies: 5
Views: 637

Re: What can I do with new 1099 moonlighting income?

A solo 401k sounds perfect. You can only put the employee max of 18 k accross all 401ks, but you can put the employer portion in for your 1099 income. https://www.physicianonfire.com/more-than-one-401k/ Wci discusses providers here. https://www.whitecoatinvestor.com/where-to-open-your-solo-401k/ Gr...
by financial.freedom
Sun Oct 28, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: What can I do with new 1099 moonlighting income?
Replies: 5
Views: 637

What can I do with new 1099 moonlighting income?

I'm currently a full-time W2 employee, and I'm told that I will not be eligible for a 401k at my job until working 12 months. However, recently a moonlighting opportunity came up that pays me 1099 income. It's not a lot, maybe $500-1,000 per month of 1099 income. 1. What is the best thing for me to ...
by financial.freedom
Wed Aug 22, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: My portfolio picture
Replies: 11
Views: 648

Re: My portfolio picture

Why 11k in tIRA -- can you do 11k per year backdoor Roth IRA?
by financial.freedom
Mon Aug 06, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4892

Re: How many years till FIRE? Which path would you choose?

I don't think this is a financial question somuch as it's a personal question. Do you enjoy your job? Your current lifestyle? Does living off of ~$50k a year in a LCOL area and avoiding Whole Foods / dining out / fancy new cars and electronics sound horrible to you? These are the questions you need...
by financial.freedom
Mon Aug 06, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4892

Re: How many years till FIRE? Which path would you choose?

Life is short and work doesn't need to be the main focus. I would 'run to' family, my hobbies, more time with friends, travelling, more time for the gym, going for dates with my wife, volunteer coach for my child's sports just to name a view. Would you prefer to spend most hours working instead? Ho...
by financial.freedom
Sun Aug 05, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4892

Re: How many years till FIRE? Which path would you choose?

No where near the information needed. How many kids? How old? Are you planning to pay for college? What about health insurance until medicare? Just to name a few. In the end the BIG costs of most folk's lives are: House, kid's education, retirement, and if retiring early health care. Having a solid...
by financial.freedom
Sun Aug 05, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4892

Re: How many years till FIRE? Which path would you choose?

As others have said having a net worth goal might be a better methodology. You don't run a marathon thinking I will run for four and a half hours. Income will vary, saving rate will vary, expenses will definitely vary with a child. Ballpark, 10 years. Any chance of doing part time? That might addre...
by financial.freedom
Sun Aug 05, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4892

Re: How many years till FIRE? Which path would you choose?

OP: Does your 30k/year equity from business only continue so long as you are working? Can you sell your equity if you retire? If so, for what price? The payments for the equity are via K1 and continue as long as that business continues or is bought out. The buyout price would depend upon the value ...
by financial.freedom
Sat Aug 04, 2018 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4892

Re: How many years till FIRE? Which path would you choose?

No where near the information needed. How many kids? How old? Are you planning to pay for college? What about health insurance until medicare? Just to name a few. In the end the BIG costs of most folk's lives are: House, kid's education, retirement, and if retiring early health care. Having a solid...
by financial.freedom
Sat Aug 04, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4892

Re: How many years till FIRE? Which path would you choose?

Emergency fund: 3 months expenses Debt: 1.1M mortgage (3.6%) <-- Is that how much you owe now or the original mortgage amount? How many years left until you retire the mortgage? 20k school loans (2.8%) <-- How long until these are paid off? Tax Filing Status: Married Filing Jointly Tax Rate: 37% Fe...
by financial.freedom
Sat Aug 04, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4892

Re: How many years till FIRE? Which path would you choose?

Thank you for the reply. The 150k per year includes mortgage payments and property taxes -- would you still then deduct the mortgage debt for the calculation you made? I think your calculation is assuming the house is paid off, which might not be necessary for us to reach FIRE. Also, I edited above ...
by financial.freedom
Sat Aug 04, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4892

How many years till FIRE? Which path would you choose?

Emergency fund: 3 months expenses Debt: 1.1M mortgage (3.6%) 20k school loans (2.8%) Tax Filing Status: Married Filing Jointly Tax Rate: 37% Federal, 13.3% State State of Residence: CA Age: 40 Desired Asset allocation: 70% stocks / 30% bonds Desired International allocation: 30% of stocks Current re...
by financial.freedom
Thu Jul 19, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: New job no 401k -- options for investment?
Replies: 5
Views: 678

New job no 401k -- options for investment?

I recently changed jobs, and my new employer does not offer a 401k. Majority of my income will be paid on W2. I'm also involved in a side business that will pay a smaller amount as K1. 1. Right now I'm only investing in taxable and Roth. Are there any other options -- such as solo 401k etc? 2. For t...
by financial.freedom
Sun Jun 10, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3276

Re: Should I buy into this medical practice?

1. Independent evaluation should not be that expensive. Most can be done for about $5-10K depending on how accurate you want it (projections/detailed analysis). That is in a different area of medicine but I can't imagine the price would differ dramatically. Typically imaging centers have a good amo...
by financial.freedom
Sat Jun 09, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3276

Re: Should I buy into this medical practice?

I would probably only buy in if I knew I was making partner. Unless there’s some sort of unusually long partnership track. How many years until a partnership decision? I'm about 17 mos away from partner Will you need cash at that time to buy in to the practice and if so how much? Yes, buy in for th...
by financial.freedom
Sat Jun 09, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3276

Re: Should I buy into this medical practice?

Getting an independent market evaluation is tough. It costs 25k+ depending on the income streams. What is your monthly distribution amount? How many years to break even? Is there guaranteed amount? The first imaging center had one year negative, broke even year two, positive year three, then return...
by financial.freedom
Sat Jun 09, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3276

Re: Should I buy into this medical practice?

I am currently an associate physician and my group is allowing me to buy a percentage equity (3-5%) of an imaging center as an associate (before making partner). Obviously, this is an orthogonal issue. However, research shows that: - medical doctors who own interest in imaging centers increase the ...
by financial.freedom
Sat Jun 09, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3276

Re: Should I buy into this medical practice?

I am currently an associate physician and my group is allowing me to buy a percentage equity (3-5%) of an imaging center as an associate (before making partner). The valuation is about 3M for two imaging centers, so would cost about 90k if I do 3%. The expected return is negative for year 1 because...
by financial.freedom
Sat Jun 09, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3276

Re: Should I buy into this medical practice?

I'm really grateful for the advice I've received on this forum over the years, but I also feel that sometimes BH are a little conservative. I'm fairly young (late 30s), have great income as a physician, and feel that a lot of physicians these days become W2 employees and are afraid to take risks. So...
by financial.freedom
Tue May 29, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3276

Re: Should I buy into this medical practice?

Pajamas wrote:
Tue May 29, 2018 12:04 pm
I would look at it as more of a career move than strictly as an investment.
Good point, maybe I should look at it as 90k towards my future with the group. If I buy in as an associate, they'll know I'm committed and want to be a part of the group long-term.
by financial.freedom
Tue May 29, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3276

Should I buy into this medical practice?

I am currently an associate physician and my group is allowing me to buy a percentage equity (3-5%) of an imaging center as an associate (before making partner). The valuation is about 3M for two imaging centers, so would cost about 90k if I do 3%. The expected return is negative for year 1 because ...
by financial.freedom
Fri May 04, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on Car mileage deduction
Replies: 14
Views: 1468

Re: Tips on Car mileage deduction

If you're an employee, you're wasting your time thinking about this. Maybe your tax accountant has gotten back to you by now, but if not you can read this: https://primepay.com/blog/tax-reform-suspends-unreimbursed-itemized-business-expenses. An arrangement whereby an employee also receives a 1099 ...
by financial.freedom
Fri May 04, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on Car mileage deduction
Replies: 14
Views: 1468

Re: Tips on Car mileage deduction

Are you a W2 employee or a 1099 contractor? Thank you for the reply. I haven't started yet, but I believe most of the pay is W2 and some is 1099. There may also be an option for me to be part owner of one of the offices. For the above posts, I emailed my accountant, still waiting to hear back. I ap...
by financial.freedom
Fri May 04, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on Car mileage deduction
Replies: 14
Views: 1468

Re: Tips on Car mileage deduction

+1 for more research Commuting to the office in your car is not a deductible expense. I would caution to not go out and buy a car on that premise. https://www.mileiq.com/blog/irs-commuting-rule-definition/ Thank you for the link! Two of the offices are different contracts, so I think that it is pos...
by financial.freedom
Fri May 04, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on Car mileage deduction
Replies: 14
Views: 1468

Re: Tips on Car mileage deduction

dm200 wrote:
Fri May 04, 2018 12:33 pm
No tax expert - but since they provide office(s) for you - then commuting expenses are not tax deductible.
A lot of the work has to be done at my home office, after normal business hours and on weekends, when the other offices are closed.
by financial.freedom
Fri May 04, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Tips on Car mileage deduction
Replies: 14
Views: 1468

Tips on Car mileage deduction

I'm starting a new job where I will work from home as well as three different offices. My home office is about 35 miles away from the other offices, and each of those offices is about 5 to 10 miles apart from each other. Is there a certain way to schedule my work location to maximize the tax deducti...
by financial.freedom
Fri Apr 21, 2017 3:17 pm
Forum: Personal Consumer Issues
Topic: Washer/dryer suggestions?
Replies: 43
Views: 5801

Re: Washer/dryer suggestions?

Thank you for all of the replies!

I was able to fix our top-load washer that was leaking. The Speed Queen washer is expensive, but I think worth it. So decided to use our current washer/dryer for another year and budget for SQ next year.

Thank you again!
by financial.freedom
Fri Apr 21, 2017 3:14 pm
Forum: Personal Consumer Issues
Topic: Best surface for garage, epoxy, polished concrete, something else?
Replies: 24
Views: 3577

Re: Best surface for garage, epoxy, polished concrete, something else?

Thank you for all of the replies! I found a company that will remove the current paint that is chipping, grind/prep cement, seal cracks, epoxy, and put a polyurethane coating over the top for $4 per square foot. Someone mentioned cosmesis above. Sure, that's part of it. But also, family is tracking ...
by financial.freedom
Thu Apr 20, 2017 3:17 pm
Forum: Personal Consumer Issues
Topic: Best surface for garage, epoxy, polished concrete, something else?
Replies: 24
Views: 3577

Best surface for garage, epoxy, polished concrete, something else?

Our garage floor was painted over. After only 2 years, a lot of the paint has chipped off and is exposing cracks in the concrete. We are thinking of having the cracks sealed and epoxy professional surfacing. I've also seen polished concrete that looks nice but might be slippery. Any suggestions for ...
by financial.freedom
Fri Apr 14, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: Washer/dryer suggestions?
Replies: 43
Views: 5801

Washer/dryer suggestions?

Our top-load washer shakes so much that it cannot handle more than one or two towels, even if they are evenly distributed. Last night, it shook so much that by the time we stopped it, there was a crack in the water line and it leaked all over the floor. Our dryer is getting pretty old as well and de...
by financial.freedom
Sat Apr 01, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with credit card identity theft?
Replies: 22
Views: 2474

Re: How to deal with credit card identity theft?

More bad news: this morning I had a fraud alert from Citibank (a different bank) that someone had used my double cash Citi credit card. They attempted three purchases, only one went through and was on Apple Itunes. Citibank said I will not be charged and is sending me a new credit card in the mail. ...
by financial.freedom
Fri Mar 31, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with credit card identity theft?
Replies: 22
Views: 2474

Re: How to deal with credit card identity theft?

The same thing happened to me last fall--and we had no account with Chase. I called them upon receiving their letter; they closed the account and noted the activity; apparently they contacted the credit agencies as well. I haven't even thought about it since then, except when I opened a Chase Card ...
by financial.freedom
Fri Mar 31, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with credit card identity theft?
Replies: 22
Views: 2474

Re: How to deal with credit card identity theft?

Thank you for the replies. Apparently, Chase recognized it because the scammer tried having the new credit card mailed to a different address than my home address. I placed a 90-day fraud alert at TransUnion, and they confirmed that it will be across the three (experian, equifax included). I checked...
by financial.freedom
Fri Mar 31, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with credit card identity theft?
Replies: 22
Views: 2474

How to deal with credit card identity theft?

Chase called me and said that someone used my name, address, telephone number, and social security number to apply for a credit card. I told them I did not apply for the card, so they placed a "fraud alert" on my file at Chase. Then I called TransUnion and had them place a 90-day fraud alert on my c...
by financial.freedom
Sun Feb 26, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting Critique of My Portfolio
Replies: 9
Views: 1430

Re: Requesting Critique of My Portfolio

PS -- just keep it simple in your other accounts. If your AA fits with VG TD 2050 and the same glide path, then pick that and leave it in each account (Roth IRA, 401k). Set it, forget it. Then focus on the account that most of your money is going into -- taxable. In taxable, do 3-fund with TSM, TIS...
by financial.freedom
Sun Feb 26, 2017 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting Critique of My Portfolio
Replies: 9
Views: 1430

Re: Requesting Critique of My Portfolio

[*]I have 155k sitting in various saving / checking accounts. I’d like to consolidate this into a Vanguard account and roll this into my savings portfolio. What account should I create, or use? Taxable. [*]I am maxing out my 401k contributions this year. Should I also open up non-deductible traditio...
by financial.freedom
Mon Feb 20, 2017 6:07 pm
Forum: Personal Consumer Issues
Topic: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?
Replies: 22
Views: 2571

Re: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?

Love my sonos. We have 2 portable sonos speakers. Can take them outside or move them around to different rooms We have no additional amplifiers or any installed wiring I am no audiophile so this may not be sophisticated enough for others. Way way less than 3.5k But i have friends who have easily sp...
by financial.freedom
Mon Feb 20, 2017 6:00 pm
Forum: Personal Consumer Issues
Topic: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?
Replies: 22
Views: 2571

Re: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?

Seems like their terminology is old. Sonons has a connect and connect amp that serve to tie in wired speakers to their wireless sonos network they will create. Also, whY are they selling you an $700 amp and the sonos connect amp to power the wired speakers? Maybe they havent explained it in detail ...
by financial.freedom
Mon Feb 20, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?
Replies: 22
Views: 2571

Re: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?

At Best Buy, we received an estimate for Sonos WiFi speaker system for our living room and outdoor areas as follows: 1. 3 living room speakers in the ceiling (Visual Performance VP42R) @ 174.99 each 2. 2 outdoor speakers (AW6500WHI) @ 249.99 each 3. Amplifier -- Sonance Sonamp2-100 (SONAMP2100) 699...
by financial.freedom
Mon Feb 20, 2017 5:53 pm
Forum: Personal Consumer Issues
Topic: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?
Replies: 22
Views: 2571

Re: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?

Sonos speakers and components are priced the same online and in stores, so there's not any wiggle room. There are several other brands you can check out including Yamaha MusicCast and Denon Heos. We are building a new home and decided on the Yamaha system because it offers more flexibility since yo...
by financial.freedom
Mon Feb 20, 2017 5:51 pm
Forum: Personal Consumer Issues
Topic: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?
Replies: 22
Views: 2571

Re: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?

Have you considered just buying a handful of Sonos Play1's first, before going through the complication of in-ceiling speakers and separate amps? The Play 1 can handle humidity fine, I leave mine permanently mounted outside, but under a covered porch. Thank you for the reply. That may be an option ...
by financial.freedom
Mon Feb 20, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?
Replies: 22
Views: 2571

Re: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?

Best Buy is likely overpriced compared to a small business that does the same thing. I would check Angies List or something similar, show them BB's quote, and see what they say. If the product is something you are comfortable shopping around for and the vendor is willing to use your product, I reco...
by financial.freedom
Mon Feb 20, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?
Replies: 22
Views: 2571

Re: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?

Seems like their terminology is old. Sonons has a connect and connect amp that serve to tie in wired speakers to their wireless sonos network they will create. Also, whY are they selling you an $700 amp and the sonos connect amp to power the wired speakers? Maybe they havent explained it in detail ...
by financial.freedom
Mon Feb 20, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?
Replies: 22
Views: 2571

Re: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?

Thank you for the reply. My answers below in blue font. This seems a little overpriced for 3 indoor ceiling speakers and 2 outdoor speakers on WiFi Maybe I'm misunderstanding, but what about the system is "wifi"? I don't have a great understanding about sound systems. But the Sonos device connects ...
by financial.freedom
Mon Feb 20, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?
Replies: 22
Views: 2571

Re: Cost of WiFi indoor/outdoor speakers: Is 3.5k too much?

The Sonos part really seems expensive considering you can get, what, Chromecast Audio dongles for $35 each (or maybe even a little less if you look around), which streams over Wi-Fi and supports multi-room, to add the functionality to any dumb speaker set. And does labor really cost that much? If y...