Search found 647 matches

by ks289
Sat Jul 09, 2016 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 650
Views: 89762

Re: Picking College and College Scholarships

However, I largely agree that the study conclusions make sense and probably have tons of truth. I just think we shouldn't just dismiss the potential for value at elites in the process for some (?many) students. Okay, I'll meet you half-way. I agree there is potential for value at elites for some, m...
by ks289
Fri Jul 08, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 650
Views: 89762

Re: Picking College and College Scholarships

It's quite a scam they have going. I don't believe those benefits are worth $150,000. :oops: Too dismissive. For many families, the actual price difference is far less or even cheaper than state U after aid. For other families, the cost is not significant. For some families, the state "flagshi...
by ks289
Fri Jul 08, 2016 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 650
Views: 89762

Re: Picking College and College Scholarships

It's quite a scam they have going. I don't believe those benefits are worth $150,000. :oops: Too dismissive. For many families, the actual price difference is far less or even cheaper than state U after aid. For other families, the cost is not significant. For some families, the state "flagshi...
by ks289
Fri Jul 08, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent Boston area?
Replies: 38
Views: 5640

Re: Buy vs rent Boston area?

Panchilly, The rent vs buy question is easier to answer when you know the time frame you plan on staying with the home. Anything less than 7 years or so would strongly favor renting due to transaction costs and the risks of short term price movements. If you are likely going to have additions to th...
by ks289
Fri Jul 08, 2016 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 650
Views: 89762

Re: Picking College and College Scholarships

It's quite a scam they have going. I don't believe those benefits are worth $150,000. :oops: Too dismissive. For many families, the actual price difference is far less or even cheaper than state U after aid. For other families, the cost is not significant. For some families, the state "flagshi...
by ks289
Fri Jul 08, 2016 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent Boston area?
Replies: 38
Views: 5640

Re: Buy vs rent Boston area?

Panchilly, The rent vs buy question is easier to answer when you know the time frame you plan on staying with the home. Anything less than 7 years or so would strongly favor renting due to transaction costs and the risks of short term price movements. If you are likely going to have additions to the...
by ks289
Fri Jul 08, 2016 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 650
Views: 89762

Re: Picking College and College Scholarships

And of course, bogleheads.org has all your problems solved in spades because lots of readers graduated from Stanford and MIT and sent there kids there. Here is a 6-page thread to read: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=171074 Actually lots of readers graduated from State U, a...
by ks289
Wed Jul 06, 2016 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off 15 year mortgage early vs investing. Please suggest.
Replies: 14
Views: 2293

Re: Paying off 15 year mortgage early vs investing. Please suggest.

We are in a similar situation with a 15 year mortgage (lower rate and maybe 1.8% after considering Interest deduction). We are just saving in taxable account instead of paying it off early. No guarantees, but our investments even the munis (and yours too probably) have done far better than 2.6%. If ...
by ks289
Wed Jul 06, 2016 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 650
Views: 89762

Re: Picking College and College Scholarships

Now to be fair it might be the top 5% from state U but the top 25% from MIT that we recruit. But any student who can crack top 25% at MIT should be able to crack top 5% at the state U and the reverse as well so this is not really important to the conversation. Rodc, That is MY POINT. If a person is...
by ks289
Wed Jul 06, 2016 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 650
Views: 89762

Re: Picking College and College Scholarships

Now to be fair it might be the top 5% from state U but the top 25% from MIT that we recruit. But any student who can crack top 25% at MIT should be able to crack top 5% at the state U and the reverse as well so this is not really important to the conversation. Rodc, That is MY POINT. If a person is...
by ks289
Tue Jun 21, 2016 5:01 am
Forum: Personal Consumer Issues
Topic: Good college major quiz
Replies: 15
Views: 2879

Re: Good college major quiz

Also, just because you want to do X does not mean you should major in X. For example, a Business Major is bad for a business career. A premed major (or a biology major) is bad for getting into med school. Why? Business majors make much less money in their careers (business careers or otherwise) tha...
by ks289
Sun Jun 12, 2016 1:12 pm
Forum: Personal Consumer Issues
Topic: How many activities for your kids?
Replies: 70
Views: 14178

Re: How many activities for your kids?

I would consider the required time commitment/convenience of the activities rather than number of activities. It is easier to expose a child to a large variety of activites at the preschool age when there are fewer hours in school, no homework, and the activities themselves often require little time...
by ks289
Sun Jun 12, 2016 11:54 am
Forum: Personal Investments
Topic: Need Help!. Best way to start saving for Home Downpayment?
Replies: 26
Views: 4773

Re: Need Help!. Best way to start saving for Home Downpayment?

I like the 20% equity : 80% bond model when you have a pretty rapid rate of savings and flexible timeframe. Advantages: 1. possible return exceeding safe assets 2. possible tax loss harvesting opportunity in the event of a loss Disadvantages: 1. Loss (mitigated partially by TLH) 2. Delay in accumula...
by ks289
Mon May 30, 2016 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Private school? Any regrets?
Replies: 92
Views: 15614

Re: Private school? Any regrets?

Of course some from public schools also can and do get accepted to the higher level colleges no doubt. But it's the percentage that I think about. http://www.thecrimson.com/article/2013/9/3/freshmen-employment-demographics-geography/?page=2 Class of 2017 statistics - Harvard Sixty-one percent of th...
by ks289
Mon May 30, 2016 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Private school? Any regrets?
Replies: 92
Views: 15614

Re: Private school? Any regrets?

I am slightly biased towards the public option here since I attended public school K-12, and my kids have attended public elementary school. However, a greatschools score of 3 would concern me. Low test scores reflect poorly on the abilities of the other students and/or the quality of the school. Wh...
by ks289
Tue May 24, 2016 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 9616

Re: Pride in no inheritance to kids?

As usual, I think you make good points which are well reasoned. However, your line of reasoning truly begs the question of what you would do if your adult kids were NOT successful and NEEDED your help....let them starve? Let your innocent grandkids suffer too? I think you feel that the difficulty y...
by ks289
Tue May 24, 2016 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 9616

Re: Pride in no inheritance to kids?

Where does the belief come that if you raised your kids "right" they would be automatically be able to do well? I guess the unsaid portion of that is if they don't do well they might not been raised correctly? Smarts doesn't equal success, hard work doesn't equal success, having a hard li...
by ks289
Fri May 20, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 9616

Re: Pride in no inheritance to kids?

KF, it is always puzzling to me when you share anecdotes which demonstrate your premise as negative evidence. I would never presume that it always works out when you provide financial support to your kids. I agree with your idea that grit is important and that making things too easy could hinder so...
by ks289
Fri May 20, 2016 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 9616

Re: Pride in no inheritance to kids?

The idea has lots of truth. However, the reasons for this phenomenon are likely numerous, only one of which being that money diminishes the motivation/development of subsequent generations. Over time, the lack of talent and/or luck are likely to be at least as important in continuing to build and m...
by ks289
Fri May 20, 2016 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 9616

Re: Pride in no inheritance to kids?

I can see a little of both sides to this. I think the anti-inheritance sentiment stems from romanticized American notions about working hard and being "self-made," in contrast to the idle rich of historical Europe. Think of the rags-to-riches stories (Horatio Alger, etc.) vs. such portray...
by ks289
Sun May 15, 2016 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Rich But Middle Class
Replies: 233
Views: 30767

Re: Rich But Middle Class

OP, You are doing ok. You are an average accumulator of wealth. With sacrifices, you (and really most of us) could easily be in a stronger position. I understand your position though, because I and some of my friends (most of them doctors in expensive California cities) also spend probably a bit muc...
by ks289
Sat May 14, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 400
Views: 87965

Re: Physician Retirement Savings

Age 42, wife 40 both physicians Retirement savings 2.5M Net worth 3.8M Goal retirement savings 8M and retire in 8-10 years Curiosity. Do you 'need' 8 million to retire comfortably? :happy Hopefully not! It is complicated how I decided on that number, and I am being a little extra conservative since...
by ks289
Sat May 14, 2016 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 400
Views: 87965

Re: Physician Retirement Savings

Age 42, wife 40 both physicians
Retirement savings 2.5M
Net worth 3.8M
Goal retirement savings 8M and retire in 8-10 years
by ks289
Sat May 14, 2016 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 400
Views: 87965

Re: Physician Retirement Savings

What is ASC investment? - Beezus Early 40s, 3mm retirement funds (2mm taxable) goal 5mm for FI. Separate from house/529/etc. Incliding all assets and debt, NW 4.8 mil now. MDx2, anesthesia and Ob private practice, we both have scaled back to 30 hrs/wk (4 days for me, 3 for partner) when we turned 3...
by ks289
Sat Apr 30, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Renting vs owning
Replies: 141
Views: 20937

Re: Renting vs owning

There is a satisfying dimension to home ownership that goes beyond cost. Living in own house just seems more comfortable for me. So if comfort is taken into account, which I think must be done because you can rent cheap and uncomfortable apartments or more comfortable (but costly) ones; then you ma...
by ks289
Sat Apr 23, 2016 6:36 pm
Forum: Personal Investments
Topic: Traditional 401K or Roth 401K - who wins !!
Replies: 59
Views: 5772

Re: Traditional 401K or Roth 401K - who wins !!

LiterallyIronic, We are comparing the case where the marginal tax rate is 25% NOW. So, your statement about 10% bracket NOW does not apply to our discussion. <<will but will be in the 25% tax bracket >> In order to be in 25% bracket during retirement, a person needs to have more than 2 million inve...
by ks289
Sat Apr 23, 2016 5:39 pm
Forum: Personal Investments
Topic: Traditional 401K or Roth 401K - who wins !!
Replies: 59
Views: 5772

Re: Traditional 401K or Roth 401K - who wins !!

How do you have MORE MONEY by paying MORE TAX? You have 2 choices: A) Roth 401K -> paying 25% B) Trad. 401K -> paying 25% or less taxes So, please tell me does (A) or (B) gives you MORE MONEY? That's a false dichotomy. It is nowhere written that a Traditional guarantees that you won't pay more in t...
by ks289
Sat Apr 23, 2016 5:11 pm
Forum: Personal Investments
Topic: Traditional 401K or Roth 401K - who wins !!
Replies: 59
Views: 5772

Re: Traditional 401K or Roth 401K - who wins !!

cowboy, The formula is CORRECT. It is showing the final amount of the money that you received. For Roth, your principal is Principal = Contribution * (1 - Tax_now) For 24K @ 25%, the principal = 18K The final amount = 18K * Growth. For Trad. 401K, Principal = 24K. The final amount = 24 * growth * (...
by ks289
Sat Apr 23, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Physician Specialists Looking for career advice
Replies: 42
Views: 9397

Re: Physician Specialists Looking for career advice

Amen. Many physicians, especially us hospital based docs become impotent expendable workers when we are employed. We have no patients and are film readers, anesthesia administrators, slide readers or ER clinicians to them. Who cares about working conditions, happiness, any control over practice or ...
by ks289
Sun Apr 17, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Medical School preparation Pointers for a Sophomore Student
Replies: 48
Views: 6788

Re: Medical School preparation Pointers for a Sophomore Student

Good luck to your daughter. Biomedical engineering is not an easy major, so being successful in that major will prepare her well for a number of different careers and for the medical school application process too. Many of the course requirements for medical school are likely to be fulfilled by biom...
by ks289
Wed Mar 16, 2016 6:53 am
Forum: Personal Finance (Not Investing)
Topic: For Parents Who Have Given a Child Money For Home Down Payment
Replies: 158
Views: 18272

Re: For Parents Who Have Given a Child Money For Home Down Payment

Folks, I am not saying that parent should not help their children. In fact, why not buy the whole house for the children? The danger comes in when the parent is giving the children's down payment for a house. It is possible that the children may buy a bigger house that they could neither afford or ...
by ks289
Tue Mar 15, 2016 6:56 pm
Forum: Personal Consumer Issues
Topic: Should I have my kids participate in school fundraisers?
Replies: 78
Views: 8202

Re: Should I have my kids participate in school fundraisers?

These fundraisers are a part of the school experience and childhood these days. It's just the way things are. The best approach is to have your kid participate in the same manner as the other kids. Your kid would probably resent you if you try to buy a "pass" on the activity for him/her. ...
by ks289
Tue Mar 15, 2016 12:47 pm
Forum: Personal Consumer Issues
Topic: Planning a quick 3 day trip to Boston
Replies: 33
Views: 3718

Re: Planning a quick 3 day trip to Boston

Good suggestions so far. Have fun. Be very aware that traffic leaving Gillette stadium for an evening event can be a nightmare (as opposed to an afternoon event when you could stay for dinner or shopping and wait it out a bit). It is still worth it to stay in/near Boston to enjoy the rest of your 3 ...
by ks289
Thu Mar 10, 2016 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 7681

Re: Advice for physician asking for a raise

It sounds like you are working hard and are justified in seeking more compensation. Unfortunately, your practice sounds fairly rigid with regard to compensation, particularly right now as you are under contract and your practice may have a standard process for determining compensation without a grea...
by ks289
Sun Feb 28, 2016 8:01 am
Forum: Investing - Theory, News & General
Topic: What is your target portfolio size?
Replies: 66
Views: 10188

Re: What is your target portfolio size?

40 to 66 times expenses. It depends on a lot of unknowns - how I feel about working, kids' needs, age, etc.
by ks289
Sat Feb 13, 2016 11:49 pm
Forum: Personal Consumer Issues
Topic: Weight Loss Plans?
Replies: 178
Views: 19957

Re: Weight Loss Plans?

There is very little correlation between exercise and your weight (especially as you get older) Even so, exercise contributes to being a healthy person. There are a lot of sickly thin people in this world who rely on dieting alone. I totally agree. Exercise is an important component of being health...
by ks289
Sat Feb 13, 2016 5:40 pm
Forum: Personal Investments
Topic: buy-and-hold, vs more active mgt....question
Replies: 23
Views: 2743

Re: buy-and-hold, vs more active mgt....question

I am missing something here. I thought it was about mutual fund share accumulation. Steadily purchasing more shares with your money in a declining market. As the market heads North again,, it is that share accumulation that propels the portfolio higher. :happy I am thinking of people like me, at or...
by ks289
Sat Feb 13, 2016 7:40 am
Forum: Investing - Theory, News & General
Topic: Was today's rally temporary?
Replies: 29
Views: 5224

Re: Was todays rally temporary?

I realize that you are trying to use analysis and reasoning to make predictions to optimize your investment returns, but it is the belief of most on this forum that this approach (most would call this market timing) is unreliable and inferior to staying the course with an asset allocation. Refer to ...
by ks289
Thu Feb 11, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: High school junior summer programs
Replies: 20
Views: 1922

Re: High school junior summer programs

Are you in New Jersey? Governor's School of New Jersey (Science, Engineering&Technology) are excellent FREE residential programs for top students which are very educational and give a taste of the college experience. Because of cuts in state funding some schools (arts, environment, public issues...
by ks289
Wed Feb 10, 2016 8:07 am
Forum: Personal Investments
Topic: 401(k) getting killed
Replies: 52
Views: 7348

Re: 401(k) getting killed

Being disappointed and concerned about the future of stocks is understandable. Changing course based on those feelings is rarely an effective strategy. While the possibility of poor returns for years or decades is certainly possible, it would be helpful for folks who are very concerned about this to...
by ks289
Sat Feb 06, 2016 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 102
Views: 11674

Re: Public school or private school (with school data)

I agree that data are difficult to properly interpret because of the all confounding factors present. However, I do not believe that the absence of randomly controlled studies should automatically result in dismissing all possible differences between the choices, particularly when looking at a uniqu...
by ks289
Thu Feb 04, 2016 10:53 pm
Forum: Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 159
Views: 22387

Re: Clueless college new grad 22 yo, 200k income looking to start saving

She can't even drive, so it'll essentially be my car. What do you mean that your bride to be can't drive? Did she never learn? This is a big warning flag. Regarding wedding costs: Of course she could pay for her own wedding. She could pay for her own anything. I choose to pay to show that I am sinc...
by ks289
Wed Feb 03, 2016 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 9605

Re: Physician buying an 850k vs 1.25m house

I definitely agree that the prudent decision is to avoid stretching too much for either home to avoid the kinds of issues mentioned (job loss, drop in income, need to move) which when combined with even a modest drop in property value can be a big financial hit. Some elements which may have an impac...
by ks289
Sun Jan 31, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Unsecured personal line of credit as emergency fund?
Replies: 36
Views: 2587

Re: Unsecured personal line of credit as emergency fund?

I personally feel that tapping this resource which doesn't cover expenses for very long and potentially has higher, non tax deductible rates is inferior to using cash or other easily accessible funds (taxable accounts as livesoft mentioned). It's an emergency fund, not an everyday fund. I've never ...
by ks289
Sun Jan 31, 2016 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 102
Views: 11674

Re: Public school or private school (with school data)

I think that there are excellent points on both sides. I get the feeling that this is a topic which triggers strong feelings. I think most people who are completely satisfied with the quality and fit of their public school for their child would be unlikely to consider paying for private school - no ...
by ks289
Sun Jan 31, 2016 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Unsecured personal line of credit as emergency fund?
Replies: 36
Views: 2587

Re: Unsecured personal line of credit as emergency fund?

What's the interest rate? I assume it is higher than HELOC and lower than credit cards. I personally feel that tapping this resource which doesn't cover expenses for very long and potentially has higher, non tax deductible rates is inferior to using cash or other easily accessible funds (taxable acc...
by ks289
Wed Jan 27, 2016 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Properly Assessing Public Schools
Replies: 55
Views: 8149

Re: Properly Assessing Public Schools

Here in NY state we have standardized testing in April to June. Newspapers will report and compare those test scores for school districts. The districts with the highest test scores are the best. The districts with the highest scores have the wealthiest and best educated parents, and these are gene...
by ks289
Sun Jan 24, 2016 6:19 am
Forum: Personal Consumer Issues
Topic: Filled up brand new minivan with DIESEL?? We don't think so. Next steps, need input ASAP
Replies: 113
Views: 14836

Re: Filled up brand new minivan with DIESEL?? We don't think so. Next steps, need input ASAP

I'm with the 1/4 tank crowd. I start thinking fill up whenever the gauge approaches 1/4. The extra time spent at the pumps between 1/4 and warning light is inconsequential. Maybe an hour of the course of a year on a cumulative basis. One nail-biter incident with a warning light glaring at you and n...
by ks289
Sun Jan 24, 2016 3:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you use the service of a CPA or you do your tax yourself?
Replies: 88
Views: 14630

Re: Do you use the service of a CPA or you do your tax yourself?

I now use the same CPA for my personal and business returns, so she gives me a pretty good rate. In the last few years, I was starting to have more difficulty on my own as my personal return grew in complexity.