Search found 1306 matches

by goodenyou
Thu Jan 02, 2014 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 162
Views: 22876

Re: Which Med school?

If she knows that she wants to go into radiation oncology or dermatology (or other highly competitive residencies), she should go to the best medical school she gets into - the really expensive mistake would be going to a "bargain" medical school and having to do a year of "research" or get an MPH ...
by goodenyou
Thu Jan 02, 2014 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Single & Frugal or Coupled & (Financially) Incompatible?
Replies: 104
Views: 13847

Re: Single & Frugal or Coupled & (Financially) Incompatible?

Being a couple and financially compatible is the best option. It is not impossible. I got married in my 30s, and would have been divorced if I had married one of the others earlier in my life. Believe it or not, there are other people who share similar goals as you. Financial compatibility is one of...
by goodenyou
Mon Dec 30, 2013 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Are we doing the right thing
Replies: 53
Views: 5683

Re: Are we doing the right thing

Hi Boroc7 & all others who responded, I agree with you. If one wants to make a killing on one investment, a significant amount needs to be invested. By killing, I am thinking of profit in the range of 5 M. Assuming return is 25x, we should be willing to invest/gamble 200K on a single stock. 25x wil...
by goodenyou
Mon Dec 30, 2013 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest 1M back into the market
Replies: 6
Views: 1298

Re: How to invest 1M back into the market

You save a million every year, so it really doesn't matter.. You make $1.3 million a year, maybe . I make money investing in the stock market each year, maybe. The key question is what is the minimum or base salary you would expect and what if your stock options aren't worth as much? If your base i...
by goodenyou
Mon Dec 30, 2013 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Fungibility of 529: Equities as College Approaches?
Replies: 14
Views: 1551

Re: Fungibility of 529: Equities as College Approaches?

For a group of very well off investors, a 529 ceases to be a college savings vehicle; it is a combination of college savings vehicle, multi-generation educational trust, estate planning vehicle, and asset protection vehicle. For this group, what the 529 can do for one's own children is practically ...
by goodenyou
Mon Dec 30, 2013 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 162
Views: 22876

Re: Which Med school?

I did the "big name" private undergrad, state medical school, then "big name" residency associated with a prestigious medical school. As a surgical resident and subspecialist resident, I did notice many of the medical students I taught were very bright, but many of them lacked the hands-on training ...
by goodenyou
Sun Dec 29, 2013 8:21 pm
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 414
Views: 99755

Re: Pull-ups and Push-ups

Oh...when I saw this thread in "Personal Consumer Issues" I thought it was about children's diapers and women's bras. :oops:
by goodenyou
Sun Dec 29, 2013 4:43 pm
Forum: Personal Consumer Issues
Topic: antiperspirant, toothpaste
Replies: 5
Views: 1351

Re: antioerspirant, toothpaste

Don't buy any. You will save money, and you won't have to worry about friends asking you to borrow money.
by goodenyou
Sun Dec 29, 2013 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Gift Tax and College Costs
Replies: 4
Views: 400

Gift Tax and College Costs

If you purchase a vehicle for $50,000 and gift it to someone, that is required to be reported to the IRS and subject to a gift tax. However, if grandpa (whomever) writes a check to grandchild's college Registrar for $50,000 on his/her behalf, there is no requirement to report it as a gift? Is that c...
by goodenyou
Sun Dec 29, 2013 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Fungibility of 529: Equities as College Approaches?
Replies: 14
Views: 1551

Re: Fungibility of 529: Equities as College Approaches?

I have being contemplating this strategy as well. I have 3 children that will be entering college staggered by 2-3 years, with the first entering college in 2 years. While I have 3 separate 529 accounts, I plan on funding my first child's education with excess cash flow. I will roll the value of the...
by goodenyou
Sun Dec 29, 2013 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Are we doing the right thing
Replies: 53
Views: 5683

Re: Are we doing the right thing

I'm laughing because I don't suppose forums exist where everybody lost all their money by buying a single stock. What are the chances of finding a subforum devoted to Enron or Worldcom or CountryWide losers? How about a forum entitled "I just won the PowerBall Lottery". Picking a stock that puts yo...
by goodenyou
Wed Dec 25, 2013 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plan question
Replies: 35
Views: 3077

Re: High Deductible Health Plan question

High deductible plans do NOT have you pay $10,000 - they have out of pocket limits. And if you are not going to contribute to the limit to an HSA, a HDHP is less likely to suit you. Who said they have you pay $10,000? Now, with a HDHCP, you pay the whole $10k. And, if you have family members, you w...
by goodenyou
Wed Dec 25, 2013 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plan question
Replies: 35
Views: 3077

Re: High Deductible Health Plan question

High deductible plans do NOT have you pay $10,000 - they have out of pocket limits. And if you are not going to contribute to the limit to an HSA, a HDHP is less likely to suit you. Who said they have you pay $10,000? Now, with a HDHCP, you pay the whole $10k. And, if you have family members, you w...
by goodenyou
Wed Dec 25, 2013 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plan question
Replies: 35
Views: 3077

Re: High Deductible Health Plan question

dontknowjack2013 wrote:High deductible plans do NOT have you pay $10,000 - they have out of pocket limits. And if you are not going to contribute to the limit to an HSA, a HDHP is less likely to suit you.
Who said they have you pay $10,000?
by goodenyou
Wed Dec 25, 2013 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plan question
Replies: 35
Views: 3077

Re: High Deductible Health Plan question

I'm not the OP, but I have a related question: for the purposes of meeting my high deductible ($1,400), does the insurance company (Aetna in my case) keep track of how much of my deductible I've met by the Explanation of Benefits (EOB) they send me after getting bills from the health care provider?...
by goodenyou
Wed Dec 25, 2013 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plan question
Replies: 35
Views: 3077

Re: High Deductible Health Plan question

In my case, even if I go with PPO plans the network of doctors remains same. I repeat - the network of doctors remains same whether I choose HDHP or PPO plans. Its the money I pay as premiums, co-pay, coinsurance that differs. I have found this to be true also. When I was shopping for our plan I le...
by goodenyou
Wed Dec 25, 2013 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: slowly moving to 3 fund... role of REITs?
Replies: 29
Views: 3378

Re: slowly moving to 3 fund... role of REITs?

really doesn't feel like overkill if you view it from the perspective of a passive, no effort, low cost investment in something that at the end of the day dwarfs the stock market. How does real estate dwarf the stock market? Total asset value or the total returns over time? They mean by value. And ...
by goodenyou
Wed Dec 25, 2013 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help a 36 Yr Old With $7m+ Portfolio
Replies: 83
Views: 15857

Re: Please Help a 36 Yr Old With $7m+ Portfolio

High net-worth investors should have a professional manage the investments, which you've already done. Why? I was wondering about this too. Maybe I missed something. I would imagine you would need some estate planning, tax planning and risk management advice. I think that may be the context of the ...
by goodenyou
Wed Dec 25, 2013 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plan question
Replies: 35
Views: 3077

Re: High Deductible Health Plan question

High Deductible Plans are usually only relevant when it comes to procedures/surgeries/diagnostics. Your In-Network doctor agrees to a contractual-reduced-fee-for-service rate. Your co-pay will apply, usually at the time of service. HDHCP patients get hammered when it comes to hospital or facility f...
by goodenyou
Wed Dec 25, 2013 9:43 am
Forum: Investing - Help with Personal Investments
Topic: slowly moving to 3 fund... role of REITs?
Replies: 29
Views: 3378

Re: slowly moving to 3 fund... role of REITs?

really doesn't feel like overkill if you view it from the perspective of a passive, no effort, low cost investment in something that at the end of the day dwarfs the stock market.
How does real estate dwarf the stock market? Total asset value or the total returns over time?
by goodenyou
Wed Dec 25, 2013 9:06 am
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plan question
Replies: 35
Views: 3077

Re: High Deductible Health Plan question

HDHCP patients get hammered when it comes to hospital or facility fees. If the fees are $10k and you had a $2500 deductible, the insurance would pay $7.5k and you pay $2.5k. Now, with a HDHCP, you pay the whole $10k. And, if you have family members, you would pay a $10k deductible for each person c...
by goodenyou
Tue Dec 24, 2013 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plan question
Replies: 35
Views: 3077

Re: High Deductible Health Plan question

High Deductible Plans are usually only relevant when it comes to procedures/surgeries/diagnostics. Your In-Network doctor agrees to a contractual-reduced-fee-for-service rate. Your co-pay will apply, usually at the time of service. HDHCP patients get hammered when it comes to hospital or facility fe...
by goodenyou
Tue Dec 24, 2013 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: slowly moving to 3 fund... role of REITs?
Replies: 29
Views: 3378

Re: slowly moving to 3 fund... role of REITs?

This 3 Fund thing is getting out of control. You want a simple "total market portfolio style" portfolio....find, do a 3 fund, or a Life Strategy, or a Target Retirement (not all 3.) If you want to slice and dice, then start "overweighting" stuff like reits and small value. Either one is probably fi...
by goodenyou
Tue Dec 24, 2013 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help a 36 Yr Old With $7m+ Portfolio
Replies: 83
Views: 15857

Re: Please Help a 36 Yr Old With $7m+ Portfolio

First off, Wow on your success! That is great. I am not an experienced FA-type, but, rest assured, you will get a lot of that advice here. I will give you the ole "this is what I would do if I were you advice". You will be advised to read the Wikis as well as several of the recommended investment bo...
by goodenyou
Sun Dec 22, 2013 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: What's financially wrong with starting your career at age50?
Replies: 64
Views: 7223

Re: What's financially wrong with starting your career at ag

I would not start a career in medicine at the age of near 50. With the cost of education, the declining financial outlook in medicine, the loss of income over the education time and the age when this person reaches financial peak, it makes ZERO sense. It barely makes sense for a 25 year old to go to...
by goodenyou
Sun Dec 22, 2013 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: help with taxable acct
Replies: 4
Views: 493

Re: help with taxable acct

HTZ is short (i've had it for about a month) also are etf's better then index funds in taxable acct? You are asking complex questions. You need to look at your entire portfolio (taxable and tax-privileged) and then split according to an asset allocation that fits your risk tolerance. If you have sp...
by goodenyou
Sun Dec 22, 2013 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid Waiver
Replies: 12
Views: 2282

Re: Medicaid Waiver

I thought that the ACA had raised Medicaid reimbursements to Medicare levels? Or is that just in some part of the ACA world that is rapidly escaping my ability to comprehend. If it's correct, that might increase the number of doctors willing to take Medicaid. It is only primary care that is getting...
by goodenyou
Sat Dec 21, 2013 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: BogleHead Financial Jury Evaluation
Replies: 7
Views: 1075

Re: BogleHead Financial Jury Evaluation

His SEP IRA
1.43% Vanguard VCAIX (.2) Vanguard CA Interm-Term Tax-Exempt Inv
You may think about using this bond allocation in a taxable account to receive the tax exempt benefit.
by goodenyou
Sat Dec 21, 2013 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Bad Time to Jump In?
Replies: 37
Views: 4420

Re: Bad Time to Jump In?

It is natural to be fearful of being in "The Pinnacle Club". I was there 13 years ago when I lump summed into the market. It took a long time to recover, but it did. I now have about a 4% return on an Index 500 Fund over that time thanks to the recent run-up. Thankfully, it wasn't the bulk of my inv...
by goodenyou
Fri Dec 20, 2013 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move to California from Midwest?
Replies: 153
Views: 12528

Re: Should I move to California from Midwest?

My wife and I made a similar move 10 years ago - from a very average cost-of-living place in the US to the bay area (and in fact the most expensive city in the bay area). At the time our salaries barely even budged - so we took a huge cut in the size of house we lived in (moved to a small 1 bedroom...
by goodenyou
Fri Dec 20, 2013 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move to California from Midwest?
Replies: 153
Views: 12528

Re: Should I move to California from Midwest?

It will be 78 today (December 20). I would look in Texas. There are a lot of high tech jobs here. Happy birthday! :beer Be careful when stating general statistics. You can have the worst job in the world in a "high tech" position, but enjoy a "low tech" position immensely. It all depends on the exa...
by goodenyou
Fri Dec 20, 2013 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Should I move to California from Midwest?
Replies: 153
Views: 12528

Re: Should I move to California from Midwest?

Begin with the end in mind. If family time is most important, then do not take a job that will require a lot of time away from family. Stress will also take time away. I moved from Chicago to Texas 17 years ago for a great opportunity. It afforded more time with my family, more income and more comfo...
by goodenyou
Fri Dec 20, 2013 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid Waiver
Replies: 12
Views: 2282

Re: Medicaid Waiver

He will presumably have full Medicaid coverage. My adult daughter is in a group home, permanently disabled and has Medicaid. She is also one of the few people in her organization that has private insurance and not only Medicaid. The charity that runs it all has cobbled together whatever they can fo...
by goodenyou
Wed Dec 18, 2013 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Unaffordable Coverage per ACA
Replies: 46
Views: 5226

Re: Unaffordable Coverage per ACA

In the past, an employer's offer of spousal coverage, even without a contribution, was a good benefit because the spouse might be unable to buy individual insurance because of pre-existing conditions That is because in the past it was affordable. It is not today. Is the spouse not eligible only bec...
by goodenyou
Wed Dec 18, 2013 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Unaffordable Coverage per ACA
Replies: 46
Views: 5226

Re: Unaffordable Coverage per ACA

In the past, an employer's offer of spousal coverage, even without a contribution, was a good benefit because the spouse might be unable to buy individual insurance because of pre-existing conditions That is because in the past it was affordable. It is not today. Is the spouse not eligible only bec...
by goodenyou
Wed Dec 18, 2013 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: PA/NP Salary arc [Physician Assistant / Nurse Practitioner]
Replies: 15
Views: 6282

Re: PA/NP Salary arc [Physician Assistant / Nurse Practition

If physicians take a haircut at the top with healthcare reform I don't see any situation where other folks are going to be taking a haircut as well.
The hair is already too short to cut.
by goodenyou
Wed Dec 18, 2013 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: PA/NP Salary arc [Physician Assistant / Nurse Practitioner]
Replies: 15
Views: 6282

Re: PA/NP Salary arc [Physician Assistant / Nurse Practition

There is, of course, no anesthesia specialty for PA's
You could become an AA. Anesthesiologist Assistant. We had a PA who became one, and worked just like a CRNA. He made about $225k too.

http://www.anesthetist.org/factsaboutaas/
by goodenyou
Wed Dec 18, 2013 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Unaffordable Coverage per ACA
Replies: 46
Views: 5226

Re: Unaffordable Coverage per ACA

This Law was poorly conceived from the start. The Law separates the employer and the spouse/family as two entities. It failed to treat the family as a unit when considering coverage. I wouldn't put it past some to feel compelled to get "divorced" so that the income of the spouse is not considered. I...
by goodenyou
Mon Dec 16, 2013 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Bond index funds vs cash
Replies: 49
Views: 7051

Re: Bond index funds vs cash

You're missing one of the biggest risks there is to owning cash. Money market funds are yielding perhaps 0.2% while inflation is hovering around 2.0%. That's a guaranteed 1.8% loss with a "safe" cash investment. Rick Ferri I often say this to folks and more times than not they get a surprised look ...
by goodenyou
Sun Dec 15, 2013 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in non-deductible Trad IRA?
Replies: 18
Views: 1931

Re: Should I invest in non-deductible Trad IRA?

Duckie-If one has a 401K or other tax deferred plan to max out, is it really a good idea to add a non-deductible IRA since the earnings will also be taxed as ordinary income when taken out? Would it be better to use that $ to buy tax efficient funds in a taxable account? The advantage, as I see it,...
by goodenyou
Sun Dec 15, 2013 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in non-deductible Trad IRA?
Replies: 18
Views: 1931

Re: Should I invest in non-deductible Trad IRA?

If you are a high income individual who participates in a retirement plan at work (I am an owner), and you max-out ($51k), are you and your wife still eligible for a non-deductible IRA contribution ($5k?). Yes, the $5.5K IRA contribution limit is separate from the $51K employer plan limit. You'll e...
by goodenyou
Sat Dec 14, 2013 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 21319

Re: What percentage of your income are you saving?

burt wrote:Wow, big numbers.
The Bogleheads are indeed not the average (or mean) of the population. Not even close.

Reminds me of the Bill Bernstein story.
Coconuts on an island. "matters not how much you save, but how much more you save than others".

burt
It's the Lake Wobegon Effect
by goodenyou
Sat Dec 14, 2013 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 8750

Re: physician 2.5 years out of training

Thanks goodenyou. The school of financial hard knocks has many wise and crafty professors, but none of the ones who talk about it work at medical schools. You got that right! It explains why doctors are ill-prepared for the world of "Financial Hard Knocks". I really got a kick out of your response ...
by goodenyou
Sat Dec 14, 2013 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 21319

Re: What percentage of your income are you saving?

There is no reward for being the richest person in the cemetery. Some want that moniker, but that is not a goal of mine.
by goodenyou
Sat Dec 14, 2013 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in non-deductible Trad IRA?
Replies: 18
Views: 1931

Re: Should I invest in non-deductible Trad IRA?

I don't mean to thread-jack, but I have a question that relates. If you are a high income individual who participates in a retirement plan at work (I am an owner), and you max-out ($51k), are you and your wife still eligible for a non-deductible IRA contribution ($5k?). We both have an assortment of...
by goodenyou
Sat Dec 14, 2013 11:20 am
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 21319

Re: What percentage of your income are you saving?

On what planet do working $250k households pay 12% in taxes?
We are in a relatively low tax state, no city tax, low property tax too and our taxes (fed, state, payroll, property) are 26% of gross and 30% of MAGI.
If you are in a CASH business, you could. :D
by goodenyou
Sat Dec 14, 2013 9:57 am
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 21319

Re: What percentage of your income are you saving?

In some circumstances, frugal single individuals with no dependents or a married person and a family with a VERY high income could achieve high savings rates. There are outliers, no doubt. Your math would suggest that your tax obligation is savings, which is misleading. Your calculation is % of pers...
by goodenyou
Fri Dec 13, 2013 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 21319

Re: What percentage of your income are you saving?

Let me try to understand the math. If you you save 60% pre-tax, and you are in a 20% bracket, you live off 20% of gross? Assume someone making $100k AGI, then you are living off $1,700 per month? Help me with this math. Unless you make high 6 figures, I'm not understanding. It would be interesting t...