Search found 1583 matches

by EnjoyIt
Fri Feb 09, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 5037

Re: NYC Taxes for Surgical Resident

For the first 4 months you will not be an official resident of NYC and I do not think you will need to pay NYC taxes. . . . and you would be wrong. :oops: The question asked in this thread is not a matter of opinion. Please explain how the above statement is wrong. OP will not be a resident of NYC ...
by EnjoyIt
Fri Feb 09, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 5037

Re: NYC Taxes for Surgical Resident

At the very least, you'll have to pay taxes on the days you work there, and the apartment could get you in trouble. A hotel, sublet or airbnb might help the case that you're not a part time resident. There are firms that specialize in these issues, but given the type of clientele that needs them, I...
by EnjoyIt
Thu Feb 08, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36705

Re: free dinner investing seminar

I use opportunities of poor salesmen to educate the spouse on personal finance. A dinner like this might provide lots of educational topics.
by EnjoyIt
Thu Feb 08, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Leaving HCOL state for financial reasons
Replies: 48
Views: 5817

Re: Leaving HCOL state for financial reasons

We made this move 9 years ago and it has been one of the best decisions for us. We moved from NY to a MCOL area. Here my wages are higher and taxes are much lower. Due to this move we can retire in about 2-3 more years in my early 40s. Actually we will likely just go part time because we both like w...
by EnjoyIt
Tue Feb 06, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8814
Views: 1693144

Re: U.S. stocks in freefall

Crushtheturtle wrote:
Tue Feb 06, 2018 4:09 am
Looks like I picked the wrong week to stop drinking.
Looks like I picked the wrong week to stop sniffing glue.
by EnjoyIt
Mon Feb 05, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11813

Re: How risky is Med school student loan debt?

It is NOT true that physician incomes are going down. Like most highly paid professionals, physicians have seen their incomes go up consistently over the years. It absolutely IS true. Your dishonesty is reckless. Wow. Try facts instead of insults Or at least in addition to the insults. Or cite your...
by EnjoyIt
Sun Feb 04, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11813

Re: How risky is Med school student loan debt?

Without a doubt after finishing a residency I think working in medicine is probably one of the most secure professions available. No market downturn or econonomic crisis will ever diminish people getting sick and requiring care.
by EnjoyIt
Sat Feb 03, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11813

Re: How risky is Med school student loan debt?

Ok, let's do some math. $200k a year. Let's pull out 20% for retirement since we are good bogleheads. Now we have $160k. Unless we live in one of the few no state tax states we are looking at about 33% going to state, federal, social security, and Medicare tax. We are now down to 107K. School loans...
by EnjoyIt
Sat Feb 03, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11813

Re: How risky is Med school student loan debt?

I would imagine that in most locations in the U.S. doctors are some of the most well compensated individuals. Different specialities pay more/less but on a whole it seems like an MD is a fairly safe bet to a very well paying/safe job irrespective of where you decide to live. In most cases you are c...
by EnjoyIt
Sat Feb 03, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11813

Re: How risky is Med school student loan debt?

I would imagine that in most locations in the U.S. doctors are some of the most well compensated individuals. Different specialities pay more/less but on a whole it seems like an MD is a fairly safe bet to a very well paying/safe job irrespective of where you decide to live. In most cases you are c...
by EnjoyIt
Sat Feb 03, 2018 12:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8814
Views: 1693144

Re: U.S. stocks in freefall

If you bought a 500 fund at the S&P500 peak in 2000, and you had the intention of holding, you wouldn't start making money on it until 2013. Tell me why I should put money in now on an insane looking peak, amidst deregulation, growing income inequality, and growing interest rates... In other words,...
by EnjoyIt
Sat Feb 03, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11813

Re: How risky is Med school student loan debt?

I would imagine that in most locations in the U.S. doctors are some of the most well compensated individuals. Different specialities pay more/less but on a whole it seems like an MD is a fairly safe bet to a very well paying/safe job irrespective of where you decide to live. In most cases you are c...
by EnjoyIt
Fri Feb 02, 2018 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Q. solo 401k
Replies: 36
Views: 1832

Re: Q. solo 401k

As stated, you do not need profits to open a solo 401(k), but you cannot contribute to it in that case. :) You are right, but you have to be qualified to open it. You can't just claim that you are self-employed. technically, yes, all you have to do is claim you have a business. If my memory serves ...
by EnjoyIt
Fri Feb 02, 2018 12:06 am
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11813

Re: How risky is Med school student loan debt?

I am also very curious how common it is for an FP doc to make $500k/yr in an ED without working some ridiculous overtime. There are very few places in the US that a board certified ED doc can make that kind of money. According to the 2015 Daniel Sterns Salary Survey of emergency physicians $500K is...
by EnjoyIt
Thu Feb 01, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Q. solo 401k
Replies: 36
Views: 1832

Re: Q. solo 401k

As stated, you do not need profits to open a solo 401(k), but you cannot contribute to it in that case. :) You are right, but you have to be qualified to open it. You can't just claim that you are self-employed. technically, yes, all you have to do is claim you have a business. If my memory serves ...
by EnjoyIt
Thu Feb 01, 2018 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11813

Re: How risky is Med school student loan debt?

The stakes are very high at the numbers now. Upward of $85k per year to attend medical school. Remember, you have to borrow ALL living expenses for 4 years since school is year round for most of the 4 years. What many do not realize is that you may not be able to choose your specialty. If you want ...
by EnjoyIt
Thu Feb 01, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Q. solo 401k
Replies: 36
Views: 1832

Re: Q. solo 401k

but I do believe I have to have business for profit. Right? Otherwise, anybody can open solo401k. You do not need profits to open a solo401k all you need is a business. You need profits to be able to fund 20% of said profits up to $55k into a solo401k. Unless you also have a 401k though an employer...
by EnjoyIt
Thu Feb 01, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11813

Re: How risky is Med school student loan debt?

One of my med school roommates was unable to finish school. He accumulated well over $100k in debt and failed out.

Generally speaking if a physician isn't financially illiterate and able to make a decent income they should be able to pay down their debt. Even if it takes them 20-30 years.
by EnjoyIt
Thu Feb 01, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11813

Re: How risky is Med school student loan debt?

The stakes are very high at the numbers now. Upward of $85k per year to attend medical school. Remember, you have to borrow ALL living expenses for 4 years since school is year round for most of the 4 years. What many do not realize is that you may not be able to choose your specialty. If you want ...
by EnjoyIt
Thu Feb 01, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Q. solo 401k
Replies: 36
Views: 1832

Re: Q. solo 401k

you do not need to be incorporated to have a solo401k. but I do believe I have to have business for profit. Right? Otherwise, anybody can open solo401k. You do not need profits to open a solo401k all you need is a business. You need profits to be able to fund 20% of said profits up to $55k into a s...
by EnjoyIt
Wed Jan 31, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Q. solo 401k
Replies: 36
Views: 1832

Re: Q. solo 401k

you do not need to be incorporated to have a solo401k. but I do believe I have to have business for profit. Right? Otherwise, anybody can open solo401k. You do not need profits to open a solo401k all you need is a business. You need profits to be able to fund 20% of said profits up to $55k into a s...
by EnjoyIt
Wed Jan 31, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3417

Re: Should I stop contributing to 401(k) to pay off debt

...the sooner I pay it off, the quicker I will have some wiggle room in my budget. ... I am 44 and I make about $130K-$140K a year. ... The hard floor on my monthly budget including all living expenses and debt payments is $4000. Semi-discretionary expenses take it up to about $5500 per month. Assu...
by EnjoyIt
Wed Jan 31, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Q. solo 401k
Replies: 36
Views: 1832

Re: Q. solo 401k

you do not need to be incorporated to have a solo401k.
by EnjoyIt
Wed Jan 31, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3417

Re: Should I stop contributing to 401(k) to pay off debt

...the sooner I pay it off, the quicker I will have some wiggle room in my budget. ... I am 44 and I make about $130K-$140K a year. ... The hard floor on my monthly budget including all living expenses and debt payments is $4000. Semi-discretionary expenses take it up to about $5500 per month. Assu...
by EnjoyIt
Wed Jan 31, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Disney visit
Replies: 28
Views: 4071

Re: Disney visit

May I ask how old the kids are? I only ask because if you have anyone that is too small to walk for 4-5 miles a day or you are forced to push around in a stroller I don't think this is the best use of your limited vacation time. The really young kids get very cranky quickly, the parents get frustrat...
by EnjoyIt
Wed Jan 31, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 7170

Re: New car - how much can we afford?

You could easily afford $50-100k. Get a nice new car for the family. 30 years old saving $60k a year and $550k in assets and you want to buy a nice second hand car. You could buy a new $50k Lexus/Audi and be just fine. This board is too much sometimes lol. The above is horrible advice. Just because...
by EnjoyIt
Tue Jan 30, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "cash v. mortgage" question
Replies: 20
Views: 2195

Re: Yet another "cash v. mortgage" question

a) If you get unlucky and get a modest 10% decline in the portfolio the first year then it would be down to $90K b) You would also need to pay the $500 a month mortgage($6,000) so your portfolio would be down to $84K c) To break even the next year you would need to gain back the $16K and another $6...
by EnjoyIt
Tue Jan 30, 2018 11:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8814
Views: 1693144

Re: U.S. stocks in freefall

If it's troubled water ahead, just be careful what you wish for. Nope, not worried. Stay the course. I have a 50-year horizon. If it dropped 50% tomorrow and I lost my job, we’d still be fine for years. I'm admittedly a total novice, but I don't understand the long-term perspective when it comes to...
by EnjoyIt
Tue Jan 30, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "cash v. mortgage" question
Replies: 20
Views: 2195

Re: Yet another "cash v. mortgage" question

a) If you get unlucky and get a modest 10% decline in the portfolio the first year then it would be down to $90K b) You would also need to pay the $500 a month mortgage($6,000) so your portfolio would be down to $84K c) To break even the next year you would need to gain back the $16K and another $6...
by EnjoyIt
Tue Jan 30, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: $100k+ Credit Card Spend Per Year: What card offers the best return?
Replies: 44
Views: 5676

Re: $100k+ Credit Card Spend Per Year: What card offers the best return?

So there are a few hoops, but if you have the Schwab Amex Platinum and the Schwab Blue Business you get 2 MR per dollar spent and one MR is 1.25 cents when transferred to Schwab. You can transfer this into a Roth IRA and not count it toward the $5500 Roth threshold because it isn't considered dolla...
by EnjoyIt
Mon Jan 29, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Yet another "cash v. mortgage" question
Replies: 20
Views: 2195

Re: Yet another "cash v. mortgage" question

If you plan to just sell bonds then buying the mortgage outright is the mathematically better option. Yes your portfolio will be more risky, but over the next few years you will replenish your bond portion and be back to 50/50 If you plan on keeping your 50/50 asset allocation then you will be force...
by EnjoyIt
Mon Jan 29, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: The biggest problem in retirement is spending (not)
Replies: 118
Views: 12025

Re: The biggest problem in retirement is spending (not)

I don’t spend because I may need my investments to cover long term care. My mom needed LTC for 12 years, and one great Aunt needed it for 17 years, and another more than 20. All suffered from Alzheimer’s and had no other health issues. Similar experience - mother in law: 24 years of LTC due to stro...
by EnjoyIt
Sun Jan 28, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Taxes
Replies: 17
Views: 1731

Re: Retirement Taxes

This would seem an optimum time to give appreciated stock, not cash, assuming you have appreciated stock/mutual funds in after tax accounts. Ralph This right here is what I would do. Donate appreciated shares. If you plan on doing even more donations in the future it may be worthwhile for you to op...
by EnjoyIt
Sun Jan 28, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: Still using a 5 year old iphone 5. Who's with me? No new phones!!!
Replies: 151
Views: 11070

Re: Still using a 5 year old iphone 5. Who's with me? No new phones!!!

Ya I’m on iPhone 6. Can’t think of a good reason to upgrade. Had the battery replaced for 29$ I'm right here with you. The battery is still decent so I will hold off replacing the battery on my iPhone 6 till later in the year. In the last 3 years I have yet to see a feature that I need/want therefo...
by EnjoyIt
Wed Jan 17, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: [n X expenses + r] instead of [n X expenses]
Replies: 27
Views: 1436

Re: [n X expenses + r] instead of [n X expenses]

I'm all for being a bit conservative and have a safety net but some of y'all are just ridiculous. Hey if working and making money floats your boat and you have nothing better to do in your life then save as much as you can. For the rest of us let's have some reallity on what we really need to retire...
by EnjoyIt
Wed Jan 17, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 60
Views: 10777

Re: Merrill Edge best choice for higher net worth accounts?

Their marketing gimmicks have put thousands of dollars in my accounts, including precious Roth space. Can you please explain further? Is it through sign up bonuses? How much extra space has it given you and over how may years? Yes, bonuses. It's at least $3000, but I'd have to go over my records to...
by EnjoyIt
Tue Jan 16, 2018 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 60
Views: 10777

Re: Merrill Edge best choice for higher net worth accounts?

Earl Lemongrab wrote:
Sun Jan 14, 2018 5:36 pm

Their marketing gimmicks have put thousands of dollars in my accounts, including precious Roth space.
Can you please explain further? Is it through sign up bonuses? How much extra space has it given you and over how may years?
by EnjoyIt
Tue Jan 16, 2018 1:21 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 551
Views: 64888

Re: Post your Financial Milestone Announcements Here

To quote Bob Brinker, My spouse and I are in the , "Land Of Critical Mass",and have been so for quite a while. Keeping debt to a bare minimum,investing frequently(reinvesting)got us there. Count Our Blessings Every Day. :happy If you will. . . what is the "Land of Critical Mass"? Never heard that b...
by EnjoyIt
Mon Jan 15, 2018 9:25 pm
Forum: Investing - Theory, News & General
Topic: Anyway to compare metrics of today w stock bubble in 2000
Replies: 26
Views: 2726

Re: Anyway to compare metrics of today w stock bubble in 2000

I'm considering buying two year Treasuries that yield 2%. Makes sense, that is the end of the curve that has moved up the most. I will be buying some treasuries too. Let's face it: the market is expensive, and I bet I am not the only one who is a little underweight bonds/safer assets at the moment....
by EnjoyIt
Thu Jan 11, 2018 2:17 am
Forum: Personal Consumer Issues
Topic: Car people: 2014 E63 AMG or 2018 E400 wagon??
Replies: 69
Views: 5463

Re: Car people: 2014 E63 AMG or 2018 E400 wagon??

I have always loved the Audi Allroad. You need to find Doug Demuro and fast! I watched the video and think it may be crap. Why? I had an A6 2.7T engine audi with 150k miles on it tuned to about 350hp. I sold it 2 years ago. Everything is the same as the all road except for the suspension. I have no...
by EnjoyIt
Thu Jan 11, 2018 2:03 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 13434

Re: Is it time for me to "call in rich"?

As almost everyone above has pointed out you have more than enough to retire. If you don't want to leave a legacy I highly advise you to get a boat and a fancy sports car. You have 3.2 million with at least $300k in cash coming your way from sales. That $300k will last you easily for 3 years and all...
by EnjoyIt
Wed Jan 10, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with a 25 million windfall?
Replies: 47
Views: 3998

Re: What would you do with a 25 million windfall?

As a physician I would still work but part time. Maybe 2 days a week with 1 week off.
by EnjoyIt
Wed Jan 10, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: Sell Sports Car and Invest or Keep for Fun Factor
Replies: 25
Views: 1580

Re: Sell Sports Car and Invest or Keep for Fun Factor

If your financial goals are being met then there is no problem spending money on fun things. Only question I have for you is:

Does this car offer you $20K of happiness over long term. If it does then keeping it is a no brainier for you.

BTW, do you want to sell me your S2000?
by EnjoyIt
Sun Jan 07, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 21954

Re: Memo to those who have won the game: it's time to quit playing

OP seems to be mixing together two separate concepts: — Market timing ("With CAPE at the second highest level in history and the U.S. stock market acting bubblicious these days") — An older investor's AA as determined by his or her IPS I think a responsible older investor would already be reducing ...
by EnjoyIt
Sun Jan 07, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Car people: 2014 E63 AMG or 2018 E400 wagon??
Replies: 69
Views: 5463

Re: Car people: 2014 E63 AMG or 2018 E400 wagon??

Go Blue 99 wrote:
Sun Jan 07, 2018 10:40 am
I love the look of luxury station wagons (Benz, Audi, Volvo). There is a guy at work who drives an E63 AMG wagon and that car is great looking. Of course, the wife laughs at me any time I bring up a station wagon :wink:
Same with me. I have always loved the Audi Allroad.
by EnjoyIt
Sun Jan 07, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: A Tale of Two 529 Plans or Don't Worry It Will All Work Out
Replies: 14
Views: 5477

Re: A Tale of Two 529 Plans or Don't Worry It Will All Work Out

Our plan is to place $25k in our future child's 529 when/if that child is born with no further contributions thereafter. We will invest in 100% equities for the next 13 years and then re-evaluate with the goal of going much more conservative unless we are deep in a recession. $25k over 18 years sho...
by EnjoyIt
Sat Jan 06, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 338
Views: 38026

Re: Anyone tired of the stock market going up?

I love the market going up but wouldn't mind a few months of mild volatile and flat growth to keep the public fearful. Last thing I want is to hear everyone on the street talking about buying stocks. Regardless if the market keeps going up I will keep making new contributions in bonds to maintaine m...
by EnjoyIt
Sat Jan 06, 2018 9:43 pm
Forum: Personal Consumer Issues
Topic: Car people: 2014 E63 AMG or 2018 E400 wagon??
Replies: 69
Views: 5463

Re: Car people: 2014 E63 AMG or 2018 E400 wagon??

deleted due to me not fully reading OP :(
by EnjoyIt
Sat Jan 06, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 11174

Re: How much are you putting in a 529?

3 year old twins. We are putting in $13k a year times two 529 plans. Currently at $55k each. Plan is to get to $500k each by the time they enter college. This seams like so much. Why? Are you expecting private undergrad and grad school? Don't get me wrong I think it is amazing you can do that I jus...
by EnjoyIt
Sat Jan 06, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: A Tale of Two 529 Plans or Don't Worry It Will All Work Out
Replies: 14
Views: 5477

Re: A Tale of Two 529 Plans or Don't Worry It Will All Work Out

Our plan is to place $25k in our future child's 529 when/if that child is born with no further contributions thereafter. We will invest in 100% equities for the next 13 years and then re-evaluate with the goal of going much more conservative unless we are deep in a recession. $25k over 18 years shou...