Search found 154 matches

by nydoc
Tue Jun 30, 2020 8:52 pm
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 120
Views: 8749

Re: Elementary school in Fall - choose Virtual or In-person

Any gathering indoors will cause virus to spread. School will shut down again. No easy answers here. Classes need to happen in open which is not possible in cold climates. Do online classes until we have a widely available effective vaccine.
by nydoc
Mon Jun 08, 2020 9:36 pm
Forum: Personal Investments
Topic: Did I make a profit by rebalancing?
Replies: 1
Views: 326

Did I make a profit by rebalancing?

Hi, I have been investing in total stock index fund every Tuesday and Friday for the past few years. My target allocation is 75:25. During the recent market slide, my allocation changed to 68:32 so I rebalanced by converting bond to stock fund in my 401K. Meanwhile I kept buying total stock in my ta...
by nydoc
Wed May 20, 2020 2:40 pm
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6604

Re: Healthcare post COVID-19

Deleted
by nydoc
Fri May 15, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12704

Re: Selling home - low ball negotiation

We had an accepted offer for 17% less than asking price. However, there is too much uncertainty right now especially in NYC and surround suburbs so we are not moving forward with the purchase.
by nydoc
Mon May 11, 2020 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Unhappy with job (MD) - need perspective
Replies: 27
Views: 4467

Re: Unhappy with job (MD) - need perspective

Don’t get fooled by benefits. I am a full time employed physician in US. I get 5 weeks vacation, 10 days CME, 2 weeks sick leave, 8 public holidays, 401K match, 1 week parental leave too. Fact is salary in Europe is too low for a physician and if you really want to be paid for your efforts you shoul...
by nydoc
Sat May 09, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 10200

Re: $2 million dollar house pre requisites

You are probably confusing bogleheads with MMF. True bogleheads plan for 2 million house too while making sure retirement, 529 and everything else are fully funded too.
by nydoc
Sat May 09, 2020 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 10200

Re: $2 million dollar house pre requisites

Can only give you my perspective. We planned to buy a house in one to the best NYC suburbs school districts with 25% downpayment and aimed to pay no more than 25% of net base salary for PITI expenses. We just signed contract for a house after seller reduced price about 17%.
by nydoc
Tue May 05, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Title insurance policy
Replies: 17
Views: 976

Re: Title insurance policy

I will purchase it. However, I want to buy it directly (from Radian or something similar) and not from attorney's title handling and insurance company. No attorney in this area is willing to work without a title insurance company they want to work with. Obviously they get a big commission from the t...
by nydoc
Tue May 05, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Title insurance policy
Replies: 17
Views: 976

Title insurance policy

Hello:
We are about to purchase a property in NY state. I will have to buy a lender's title insurance policy. But do I must buy owner's title insurance now? Can it be purchased in future after closing? Can i totally skip it?
Thanks.
by nydoc
Fri Feb 28, 2020 8:54 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 514
Views: 50833

Re: Who's buying today? where's all the "dry powder" folks at? :)

I am 38. Have a good stable job with good income. Why will I bother about market timing? Even if my investment portfolio hits zero I will have enough to survive and maintain the same life style. So I keep buying.
by nydoc
Fri Feb 28, 2020 8:28 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 514
Views: 50833

Re: Who's buying today? where's all the "dry powder" folks at? :)

I bought all this week. First with my scheduled $2500 weekly taxable buy. Then I bought more today by selling taxable bonds portfolio. I am ready to keep buying until S&P hits zero.
by nydoc
Mon Feb 24, 2020 5:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20350
Views: 2780771

Re: U.S. stocks in free fall

Glad to see so many market timers. That means passive stay the course investment will keep its edge for now. I pray for more and more market timing by others. Amen.
by nydoc
Mon Feb 24, 2020 2:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20350
Views: 2780771

Re: U.S. stocks in free fall

‘Nice plan. For the future you may want to consider ITOT, now that all brokerages allow free ETF trading. Maintains Total Market exposure while following a different index so no wash sale risk IMHO. Who knows, maybe you'll get a chance to harvest both your VTI and your new VV in to ITOT within the n...
by nydoc
Mon Feb 24, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20350
Views: 2780771

Re: U.S. stocks in free fall

Today was my scheduled day to buy VTI. I switched to VV in case it turns out to be a nice TLH opportunity. Otherwise nothing new.
by nydoc
Mon Feb 24, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Personal disability insurance for dentists and surgeons
Replies: 28
Views: 1755

Re: Personal disability insurance for dentists and surgeons

If you have sufficient assets to live up on, you dont need any of these things. Until then you should have it. I have own occupation (defined as surgeon doing surgeries in operating room) policy which will pay out 15K per month. I dont need more. In fact, as our assets grow, will bring down the payo...
by nydoc
Sun Feb 23, 2020 7:11 pm
Forum: Personal Consumer Issues
Topic: Relocating back east / Fair Lawn, NJ / Are we crazy?
Replies: 104
Views: 6805

Re: Relocating back east / Fair Lawn, NJ / Are we crazy?

As an immigrant we are willing to pay a premium to live in a diverse and safe town. That is the reason for higher prices for many towns around NYC. It might appear very blunt but many immigrants want to avoid predominantly white schools district for fear of drug problem.
by nydoc
Thu Feb 20, 2020 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Getting through to Equifax
Replies: 38
Views: 2469

Re: Getting through to Equifax

Equifax is horrible. Do everything to permanently unfreeze the credit file with them so you don’t have deal with them again. Keep an close eye on your credit profile and hope for the best.
by nydoc
Thu Feb 13, 2020 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Card
Replies: 125
Views: 13841

Re: Apple Card

I got apple card yesterday. For 2% cashback I will use this in stead of my citi card. There was an error with delivery zipcode. They fixed it over text message instantaneously. Compare that to staying on hold with citi customer care. BTW how much can I make by melting that titanium card?
by nydoc
Mon Feb 10, 2020 7:10 pm
Forum: Personal Investments
Topic: 401K replacement
Replies: 2
Views: 195

401K replacement

Hi,
My current 401K options are all horrible with minimum ER of 1.5%. We do not get any match. How do we replace 401K using my taxable account? By the end of the year I may join another part time job with good 401K access.
Thanks.
by nydoc
Sun Feb 02, 2020 10:52 pm
Forum: Investing - Theory, News & General
Topic: Chinese stocks will plunge on Monday?
Replies: 158
Views: 11133

Re: Asian (china) stocks in freefall

What’s your concern?
by nydoc
Tue Jan 28, 2020 9:22 pm
Forum: Personal Consumer Issues
Topic: Is it worth it to jump on the TurboTax bandwagon?
Replies: 36
Views: 2681

Re: Is it worth it to jump on the TurboTax bandwagon?

After using H&R for last three years, I switched to Turbotax this year. Definitely better.
by nydoc
Tue Jan 28, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best path to get into MED School for a high school senior?
Replies: 72
Views: 6596

Re: What is the best path to get into MED School for a high school senior?

Just a suggestion here- a lot of physicians are being replaced by NPs and PAs. Society as a whole is not willing to pay for so many doctors. A good paying job will be difficult to find in future especially in non operative fields. Primary care, pediatrics, psychiatrist and a lot of other fields are ...
by nydoc
Sat Jan 25, 2020 10:11 am
Forum: Personal Consumer Issues
Topic: Google Voice number- no privacy with personal info??
Replies: 26
Views: 2159

Re: Google Voice number- no privacy with personal info??

Everyone’s phone number, addresses and other details are online. This time search your name and see what results do you get.
by nydoc
Sat Jan 25, 2020 8:54 am
Forum: Personal Finance (Not Investing)
Topic: HRBlock software seems buggy
Replies: 15
Views: 1785

Re: HRBlock software seems buggy

I start tax prep early to get some idea of final numbers. Last year I had to pay 12K and this year its going to be around 13K. Early prep helps in planning for tax payment. Thankfully I avoided tax penalties.
by nydoc
Wed Jan 22, 2020 5:17 pm
Forum: Personal Investments
Topic: Last gasp of the bull
Replies: 118
Views: 18311

Re: Last gasp of the bull

Please remember to post here a year later when others ask how did it go? I am so frustrated to see OPs disappear after doing these things.
by nydoc
Wed Jan 22, 2020 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Kick off 2020 with a $100 Savings Bonus! [Marcus]
Replies: 10
Views: 995

Re: Kick off 2020 with a $100 Savings Bonus! [Marcus]

They are amazing. We used their $100 and then $500 offers last year. Usually these banks dont allow repeated offers. Just enrolled again.
by nydoc
Wed Jan 22, 2020 2:43 pm
Forum: Personal Consumer Issues
Topic: Benefits of buying things secondhand?
Replies: 93
Views: 7435

Re: Benefits of buying things secondhand?

I am buying a house second hand.
by nydoc
Mon Jan 20, 2020 10:54 pm
Forum: Personal Investments
Topic: Customer Service & Ease-Of-Use: Vanguard vs. Fidelity
Replies: 64
Views: 5726

Re: Customer Service & Ease-Of-Use: Vanguard vs. Fidelity

I have my self managed accounts with Vanguard and 401K accounts with Fidelity. I spoke to Vanguard rep once about left over 25 cents in my Trad IRA after I did backdoor Roth and he gave me totally incorrect answer. I spoke to Fidelity reps twice late in evening about 457 distribution, 401K loans aft...
by nydoc
Mon Jan 20, 2020 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: source for health insurance for 90 days
Replies: 2
Views: 261

Re: source for health insurance for 90 days

With cobra- you have 60 days to enroll and then another 45 days to pay cobra premium. If you enroll on day 60 and pay premium on day 105, your cobra will still be considered active from day 1 and all your bills will be paid. If you don’t pag the premium by day 105, cobra will be considered invalid f...
by nydoc
Sun Jan 19, 2020 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17383

Re: Why retire?

Wow. This thread exploded. I am just happy that Taylor Larimore responded too.
by nydoc
Sat Jan 18, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17383

Re: Why retire?

There it is in a nut shell.
One day you ll appreciate having the option to retire.

I am working towards that goal in very boglehead way. Just have to find the balance.
by nydoc
Sat Jan 18, 2020 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17383

Re: Why retire?

So what I am understanding from all the replies that financial independence should be the goal not necessarily an early retirement.
Thanks for everyone’s replies.
by nydoc
Sat Jan 18, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17383

Re: Why retire?

Yes thats true but I do continue to feel good about my current work and that’s mostly because of my tremendous boss. But yes future is like stock market- no one knows when will it go down. This could very well be the reason to retire early if at all possible.
by nydoc
Sat Jan 18, 2020 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17383

Re: Why retire?

Does the OP really think everyone has a comfortable life and loves their job?

No. Not at all. Actually my life overall was not very comfortable so far. Also this post is to help my situation where I would like to know and learn from others experiences.
by nydoc
Sat Jan 18, 2020 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17383

Re: Why retire?

Some things you cannot understand until you experience them personally.

That’s the reason for my question.
by nydoc
Sat Jan 18, 2020 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17383

Why retire?

Hi everyone, This forum is primarily focused on a comfortable secure retirement and many members look forward to early retirement. At my age of 38, I do not see why should I aim for a retirement at 50, 55 or 60. I feel good at my work and life seems comfortable. My question is- what changes happen w...
by nydoc
Tue Jan 14, 2020 7:42 am
Forum: Personal Consumer Issues
Topic: Frustrating PCP/insurance issue
Replies: 13
Views: 1162

Re: Frustrating PCP/insurance issue

Drs these days feel like battle defeated. Nothing excites us anymore. We came to treat patients and ended up dealing with paperwork , insurance authorization, denials, regulatory burdens all day. Even if your matter involves just sending an email to corporate office, the physician will have zero int...
by nydoc
Mon Jan 13, 2020 7:34 pm
Forum: Personal Consumer Issues
Topic: Frustrating PCP/insurance issue
Replies: 13
Views: 1162

Re: Frustrating PCP/insurance issue

This is not Drs interest to find it out for you. Reimbursement is so low these days that this headache is not worth for most practices. You bought the insurance you have to figure it out with your insurance company.
by nydoc
Mon Jan 13, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Offer for a house
Replies: 34
Views: 2204

Re: Offer for a house

Thanks for all your replies. In summary- A dual agent is not a good idea. For a first time home buyer a buyer’s agent will be helpful- I have one. Offer could be either verbal or written. Written offer should be treated like a full contract and should include all contingencies and be reviewed by a g...
by nydoc
Sun Jan 12, 2020 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Offer for a house
Replies: 34
Views: 2204

Re: Offer for a house

Thanks for your detailed response. I just felt rushed about this offer letter. In agent’s words-“This isn’t a contract . It’s just an offer. I can’t give offer without your signature.” She sent it by email and texted me to just sign it and send it back. Although I am not a fan of this business model...
by nydoc
Sun Jan 12, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Offer for a house
Replies: 34
Views: 2204

Re: Offer for a house

Earlier I put an offer for another house which was not accepted which didn’t require any paperwork except the preapproval letter. That’s why this one appears suspicious.
by nydoc
Sun Jan 12, 2020 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Offer for a house
Replies: 34
Views: 2204

Re: Offer for a house

My agent is a Redfin agent and they don’t ask you to sign any agreement. Even then I informed my agent about the house and offer but the seller’s agent wants to just communicate with me. And yes this seller’s agent appears a bit shady. This house is in the market for the past 6 months and now they w...
by nydoc
Sun Jan 12, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Offer for a house
Replies: 34
Views: 2204

Re: Offer for a house

I actually told my agent to present the offer for the house I saw myself. I have no sympathy for realtors and their ilk. They can sort it out among themselves.
by nydoc
Sun Jan 12, 2020 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Offer for a house
Replies: 34
Views: 2204

Re: Offer for a house

Weird circumstance- buyer’s agent not able to reach for the showing and I saw the house with the seller’s agent. In any case I don’t have very high respect for buyer’s or seller’s agent and their business model so I didn’t care much. I think attorney will be the one truly representing me and I can p...
by nydoc
Sun Jan 12, 2020 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Offer for a house
Replies: 34
Views: 2204

Offer for a house

Hi, We gave a purchase price offer for a house. Due to some weird circumstances seller’s agent will also be buyer’s agent for this house. Agent states that I have to sign a sell agreement to be able to present the offer to the owner. This agreement is almost like a full contract with no contingencie...
by nydoc
Fri Jan 10, 2020 8:42 pm
Forum: Investing - Theory, News & General
Topic: Article - The Hidden Dangers of the Great Index Takeover
Replies: 45
Views: 4700

Re: Article - The Hidden Dangers of the Great Index Takeover

What I can see from this article that active managers and financial crooks will influence regulators to break the indexing model. With current existing crony capitalism it is certainly possible. Sadly passive fund managers like Vanguard will stay passive.
by nydoc
Fri Jan 03, 2020 7:33 am
Forum: Personal Investments
Topic: Amended tax return
Replies: 5
Views: 380

Re: Amended tax return

Corrected form 8606 will result in more refund. Therefore, I will need to file 1040x. I will send old and new form 8606, 1040x with explanation and original 1040.
Thanks.
by nydoc
Thu Jan 02, 2020 8:13 pm
Forum: Personal Investments
Topic: Amended tax return
Replies: 5
Views: 380

Amended tax return

Hi,

I need to file 2018 amended tax return for incorrect form 8606. Should I wait for 2019 tax filing season to be over or can file it now?
Thanks.