Search found 358 matches

by financial.freedom
Wed Mar 09, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 6937

Re: Advice for physician asking for a raise

are you salaried or paid on production? In general, highly productive docs should look for production based compensation. We are a production based comp model. As a result, most everyone we hire is pretty productive. Sometimes we make a mistake and hire less productive docs. They don't tend to stic...
by financial.freedom
Wed Mar 09, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 6937

Re: Advice for physician asking for a raise

PS - Several of my colleagues have RVUs much lower -- below the national average. If I were to work at the same level as my colleagues they might have to hire another physician. But I'm not sure that I should bring that up in the meeting.
by financial.freedom
Wed Mar 09, 2016 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 6937

Re: Advice for physician asking for a raise

Are you on a partner track or has the group just hired you as an employee? If so I'd do nothing but since you didn't indicate it a partner track seems unlikely. Are you hoping the group offers you a partnership? I think you've got a great case but they've got no incentive to give you a raise since ...
by financial.freedom
Wed Mar 09, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 6937

Re: Advice for physician asking for a raise

Do you have a way to walk away if they refuse. Sounds like you are relatively underpaid. Have seen many MDs accept far less than they generate. It can go many different ways. One thing is for sure, if you don't ask they are unlikely to call you in and say, 'hey, take this money you earned it!' I ha...
by financial.freedom
Wed Mar 09, 2016 2:07 pm
Forum: Personal Consumer Issues
Topic: Is an interior designer worth it?
Replies: 33
Views: 6108

Re: Is an interior designer worth it?

Thank you for all of the great advice! No, we are not looking to impress anyone. If we wanted to impress the neighbors we'd drive fancy cars, wear fancy clothes etc. This mainly came up because we have lived in the house awhile now, it is still unfurnished due to limited time and other factors, and ...
by financial.freedom
Wed Mar 09, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 6937

Advice for physician asking for a raise

My wRVUs are consistently 90th to 95th percentile however my pay is about median to 60th percentile for my specialty. I have been at the group for about 5 years, W2 employee, and my pay is the lowest in the group as far as I can gather from discussion with others in the group. I have scheduled a mee...
by financial.freedom
Mon Mar 07, 2016 2:41 pm
Forum: Personal Consumer Issues
Topic: Is an interior designer worth it?
Replies: 33
Views: 6108

Re: Is an interior designer worth it?

Great advice so far, thank you!

Yes, houzz.com has a lot of great ideas.

I think it's a great idea to see someone's projects before hiring them.

I will look into Decorating Den.

Thanks!
by financial.freedom
Mon Mar 07, 2016 2:07 pm
Forum: Personal Consumer Issues
Topic: Is an interior designer worth it?
Replies: 33
Views: 6108

Is an interior designer worth it?

We purchased a house in the past year and still have a lot of furnishing to do. My spouse wants to hire an interior designer, but it seems pretty simple to just sift through magazines and copy the same layout for our house. Here are her thoughts: 1. Interior designer (ID) would do a better job than ...
by financial.freedom
Sat Mar 05, 2016 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Does home office deduction increase risk of audit?
Replies: 14
Views: 1752

Does home office deduction increase risk of audit?

We do a lot of work at home, some of which will be compensated for with 1099 income. However, I have read that using a portion of one's house for office increases the risk for audit. Is this true?
by financial.freedom
Sat Feb 27, 2016 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes: how to report clearing the backdoor and Roth conversion?
Replies: 2
Views: 427

Taxes: how to report clearing the backdoor and Roth conversion?

Spouse had $59,913 in tIRA at Vanguard for 2015. This contained money from a prior employer 401k (38,413) and annual max post-tax tIRA contributions (5k in 2012, 5.5k in 2013, 5.5k in 2014, and 5.5k in 2015) for a total of 21,500 post-tax tIRA contributions. She rolled over $38,413 to her current em...
by financial.freedom
Tue Jan 19, 2016 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone recently Refi home mortgage? Suggestions?
Replies: 20
Views: 2332

Re: Anyone recently Refi home mortgage? Suggestions?

It's highly unlikely to be worth refinancing for such a small reduction in the rate. There are closing costs and expenses involved in processing a new mortgage, typically in the range of 1% to 2% or more of the balance of the loan. Thank you for the detailed reply! I did the math and looks as thoug...
by financial.freedom
Mon Jan 18, 2016 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone recently Refi home mortgage? Suggestions?
Replies: 20
Views: 2332

Re: Anyone recently Refi home mortgage? Suggestions?

I noticed rates dropped last week. We have 30-year fixed jumbo at 3.625% which is pretty good, but a cursory search shows a few places offering 3.5% 30-year fixed jumbo (credit scores 770, 780). Last time we were able to get rates lower than the cursory search, so we might be able to get 3.4% maybe...
by financial.freedom
Mon Jan 18, 2016 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone recently Refi home mortgage? Suggestions?
Replies: 20
Views: 2332

Re: Anyone recently Refi home mortgage? Suggestions?

It's highly unlikely to be worth refinancing for such a small reduction in the rate. There are closing costs and expenses involved in processing a new mortgage, typically in the range of 1% to 2% or more of the balance of the loan. You'll either have to pay those out of pocket or roll them into the...
by financial.freedom
Mon Jan 18, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Anyone recently Refi home mortgage? Suggestions?
Replies: 20
Views: 2332

Re: Anyone recently Refi home mortgage? Suggestions?

I noticed rates dropped last week. We have 30-year fixed jumbo at 3.625% which is pretty good, but a cursory search shows a few places offering 3.5% 30-year fixed jumbo (credit scores 770, 780). Last time we were able to get rates lower than the cursory search, so we might be able to get 3.4% maybe...
by financial.freedom
Mon Jan 18, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Anyone recently Refi home mortgage? Suggestions?
Replies: 20
Views: 2332

Re: Anyone recently Refi home mortgage? Suggestions?

Ready3Retire wrote:
We also get $500 per year cash back from Chase, not sure how that factors in.
Please clarify, how do you get $500 cash back each year from Chase? Thanks.
https://www.chase.com/mortgage/mortgage ... -cash-back
by financial.freedom
Mon Jan 18, 2016 11:23 am
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

This method is called overbalancing. Like a riskier version of rebalancing. I had a discussion about this 6 months ago - see here for more details. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=167252&hilit=rebalance Also the Finance Buff had a nice article about it here: http://thefinanceb...
by financial.freedom
Mon Jan 18, 2016 11:14 am
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

If the market drops 45%, it's fair to say many people will lose their jobs. Could you be one of those people, right after you switch to 90/10? Will 10% in bonds be enough to feed your family and pay your mortgage?[/quote] We both work. If I lost my job we could make some minor lifestyle changes and...
by financial.freedom
Sun Jan 17, 2016 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone recently Refi home mortgage? Suggestions?
Replies: 20
Views: 2332

Anyone recently Refi home mortgage? Suggestions?

I noticed rates dropped last week. We have 30-year fixed jumbo at 3.625% which is pretty good, but a cursory search shows a few places offering 3.5% 30-year fixed jumbo (credit scores 770, 780). Last time we were able to get rates lower than the cursory search, so we might be able to get 3.4% maybe ...
by financial.freedom
Sat Jan 16, 2016 2:28 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

This method is called overbalancing. Like a riskier version of rebalancing. I had a discussion about this 6 months ago - see here for more details. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=167252&hilit=rebalance Also the Finance Buff had a nice article about it here: http://thefinanceb...
by financial.freedom
Sat Jan 16, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

renue74 wrote:I'm 41 and my AA floats around 70/30. No need to change because of 10 days of market changes.
Does a shorter period of decline make a difference?
by financial.freedom
Sat Jan 16, 2016 2:23 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

spacecadet610 wrote:Back during the mini stock crash during Aug 2015, I went from a 70/30 allocation to 75/25.

Thought I was smart for a while, now I kind of wish I didn't make that move.
Why do you regret it? 5% doesn't seem like a big change.
by financial.freedom
Sat Jan 16, 2016 2:20 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

Spouse and I are mid to late 30s and if stocks keep declining, I am thinking of changing AA as follows: Current: 70/30 Dow 15,000: 75/25 [-18%] Dow 13,000: 80/20 [-29%] Dow 12,000: 85/15 [-34.4%] Dow 10,000: 90/10 [-45.3%] More than 90% stock doesn't pass the sleep test, so would probably stop ther...
by financial.freedom
Fri Jan 15, 2016 5:28 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

livesoft wrote:I do this and have explicitly put this into my IPS. But I shift back pretty quickly if there are some gains. Otherwise, I lose a lot of money.
Makes sense to me. Not sure why others on this forum view it differently.

Buy more when Dow is at 10k than when it's 18k, seems a no-brainer.
by financial.freedom
Fri Jan 15, 2016 5:26 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

If that happens do you have a plan for when it comes back to current levels? Just the reverse? If it bounces back, would slowly glide back to 70/30 with new monthly contributions. This kind of back and forth doesn't make much sense to me. Why is your tolerance/appetite for risk so dependent on the ...
by financial.freedom
Fri Jan 15, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

Hopefully you picked your AA based on your need, ability and willingness to take risk. Has any of that really changed? I'm at 70/30 as well, and the bonds are doing their job, reducing overall portfolio volatility - zigging while stocks are zagging. There are a pile of assets there, that are actual...
by financial.freedom
Fri Jan 15, 2016 2:15 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

Hopefully you picked your AA based on your need, ability and willingness to take risk. Has any of that really changed? I'm at 70/30 as well, and the bonds are doing their job, reducing overall portfolio volatility - zigging while stocks are zagging. There are a pile of assets there, that are actual...
by financial.freedom
Fri Jan 15, 2016 2:12 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

Spouse and I are mid to late 30s and if stocks keep declining, I am thinking of changing AA as follows: Current: 70/30 Dow 15,000: 75/25 Dow 13,000: 80/20 Dow 12,000: 85/15 Dow 10,000: 90/10 More than 90% stock doesn't pass the sleep test, so would probably stop there. Thoughts? Why are you using t...
by financial.freedom
Fri Jan 15, 2016 2:10 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Re: Anyone shifting their AA?

red5 wrote:If that happens do you have a plan for when it comes back to current levels? Just the reverse?
If it bounces back, would slowly glide back to 70/30 with new monthly contributions.
by financial.freedom
Fri Jan 15, 2016 1:32 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 9082

Anyone shifting their AA?

[Edited to remove "Dow"] Spouse and I are mid to late 30s and if stocks keep declining, I am thinking of changing AA as follows: Current: 70/30 Stocks down 10%: 75/25 Down 20%: 80/20 Down 30%: 85/15 Down 40%: 90/10 More than 90% stock doesn't pass the sleep test, so would probably stop there. Though...
by financial.freedom
Thu Jan 07, 2016 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Wash sale: what does "within 30 days" mean?
Replies: 10
Views: 1829

Re: Wash sale: what does "within 30 days" mean?

Thank you for the replies. Consensus seems VG is correct ("within" means < or = 30 days, NOT <30 days). How does the wash sale of 5k in taxable affect my taxes? After reading the Wiki, this is my understanding: 1. No deduction for the 5k loss in 2015. 2. The covered shares have a higher basis in 201...
by financial.freedom
Thu Jan 07, 2016 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Wash sale: what does "within 30 days" mean?
Replies: 10
Views: 1829

Re: Wash sale: what does "within 30 days" mean?

Then there is this: https://en.wikipedia.org/wiki/Open_set But I would suggest taking an extra day at either end so that one does not have to puzzle over semantics. I meant to take an extra day but had more than one TLH that month and accidentally clicked on Total Stock instead of Total Internation...
by financial.freedom
Thu Jan 07, 2016 1:43 am
Forum: Investing - Help with Personal Investments
Topic: Wash sale: what does "within 30 days" mean?
Replies: 10
Views: 1829

Wash sale: what does "within 30 days" mean?

Under the tab of "realized gains and losses" for my VG taxable account it states: "The loss of $5,345.43 has been disallowed due to wash sale activity in this security. The disallowed amount has been added to the cost basis of the shares that caused each wash sale to occur." I exchanged all of Total...
by financial.freedom
Wed Dec 30, 2015 5:41 pm
Forum: Personal Consumer Issues
Topic: Cash for Gift Cards: What is the best method?
Replies: 13
Views: 1544

Re: Cash for Gift Cards: What is the best method?

Cherokee8215 wrote:Every year I sell them on ebay and get around 90-95% of face value.
Do you sell them individually or lump them together as one sale?

Maybe I should set up an ebay account. No one seems to have experience so far with the other options above.
by financial.freedom
Wed Dec 30, 2015 5:39 pm
Forum: Personal Consumer Issues
Topic: Cash for Gift Cards: What is the best method?
Replies: 13
Views: 1544

Re: Cash for Gift Cards: What is the best method?

care to elaborate on this? Is this question meant for me? If so, here's what I'm looking for: 1. Quick sale of all my gift cards in one place, can either be online, at kiosk, or in a store 2. Ideally, would have average value of 90+% of the gift card Examples: A. Carpool.com B. Target (can exchange...
by financial.freedom
Wed Dec 30, 2015 5:35 pm
Forum: Personal Consumer Issues
Topic: Cash for Gift Cards: What is the best method?
Replies: 13
Views: 1544

Re: Cash for Gift Cards: What is the best method?

Obliquely make it clearer to people what stores you frequent so they'll give you gift cards that you can actually use, preventing the problem in future. I don't frequent any stores. There was a recent post about being a grinch. I am a complete grinch. No one knows what to buy me because I rarely wa...
by financial.freedom
Wed Dec 30, 2015 5:31 pm
Forum: Personal Consumer Issues
Topic: Cash for Gift Cards: What is the best method?
Replies: 13
Views: 1544

Re: Cash for Gift Cards: What is the best method?

Depends on the card itself. If it's good, ebay might be a great exit for you. I see clowns paying 99% of face for lowes on there. Total donkeys! Great for the seller tho. Thank you for the reply. I don't have an Ebay account and might be a little more time-consuming than the online websites that bu...
by financial.freedom
Wed Dec 30, 2015 5:29 pm
Forum: Personal Consumer Issues
Topic: Cash for Gift Cards: What is the best method?
Replies: 13
Views: 1544

Re: Cash for Gift Cards: What is the best method?

I use them to buy gift cards for myself at Amazon, then deposit them in my Amazon account. I always need stuff at Amazon. Use the cash you'd otherwise spend elsewhere for the same things, to put in your kids accounts. How do you use the gift cards to by Amazon gift cards? What is the loss in origin...
by financial.freedom
Wed Dec 30, 2015 1:21 am
Forum: Personal Consumer Issues
Topic: Cash for Gift Cards: What is the best method?
Replies: 13
Views: 1544

Cash for Gift Cards: What is the best method?

Every Christmas I receive gift cards that I don't need or plan to use. This year, I would like to sell them for cash and put the money into taxable or my child's 529 account. I looked online and there are a few options ranging from 85-94% of the gift card value.

Any suggestions?
by financial.freedom
Mon Dec 14, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Double health coverage?
Replies: 6
Views: 973

Double health coverage?

My spouse and I are both W2 employees at different hospitals. I have HMO that covers family medical and PPO for family dental that does not require any contribution. My spouse has to pay about 100/month for herself for medical PPO or HMO and 10/month dental. In the past, she paid the extra $110 per ...
by financial.freedom
Sun Nov 15, 2015 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Question mostly for portfolio help and a little bit personal finance
Replies: 15
Views: 2244

Re: Question mostly for portfolio help and a little bit personal finance

Financial.freedom I think this is great advice and a good list to work towards. Will consider 70/30 AA, be aggressive about mortgage until under 1MM mark (myunderstanding is only 1MM, then another 100k only if used home equity line as part of purchase?). Will then funnel and extra money to a taxabl...
by financial.freedom
Sat Nov 14, 2015 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Question mostly for portfolio help and a little bit personal finance
Replies: 15
Views: 2244

Re: Question mostly for portfolio help and a little bit personal finance

1. 1.2 M @ 3.625% is 5472 per month. 2. You can deduct interest on 1.1M (not 1M). 3. 80/20 is a bit aggressive for 40s. 4. Put TD funds in 401ks at your AA and never worry about it again. 5. Don't pay down the mortgage, contribute 48k per year to taxable (instead of 24k). 7. Taxable should be same A...
by financial.freedom
Sun Oct 25, 2015 5:07 pm
Forum: Investing - Theory, News & General
Topic: "Morningstar Names Best 529 College-Savings Plans for 2015"
Replies: 27
Views: 4680

Re: "Morningstar Names Best 529 College-Savings Plans for 2015"

As an old dude with plenty of assets in taxable accounts and tax-advantaged accounts, where I can buy Vanguard stock funds cheap, I like the Colorado 529 Stable Value Plus plan, paying 3.09% in 2015. I just can't access fixed income with no term risk and minimal credit risk at this yield anywhere e...
by financial.freedom
Sun Oct 25, 2015 12:38 am
Forum: Investing - Theory, News & General
Topic: "Morningstar Names Best 529 College-Savings Plans for 2015"
Replies: 27
Views: 4680

Re: "Morningstar Names Best 529 College-Savings Plans for 2015"

nisiprius wrote:A pretty good question for some kind of quiz would be "What have Utah and Nevada got, that Arizona and South Dakota lack?"
How about:

What have Utah and Arizona got, that Nevada and South Dakota lack?
by financial.freedom
Sun Oct 25, 2015 12:36 am
Forum: Investing - Theory, News & General
Topic: "Morningstar Names Best 529 College-Savings Plans for 2015"
Replies: 27
Views: 4680

Re: "Morningstar Names Best 529 College-Savings Plans for 2015"

As an old dude with plenty of assets in taxable accounts and tax-advantaged accounts, where I can buy Vanguard stock funds cheap, I like the Colorado 529 Stable Value Plus plan, paying 3.09% in 2015. I just can't access fixed income with no term risk and minimal credit risk at this yield anywhere e...
by financial.freedom
Sun Oct 25, 2015 12:33 am
Forum: Investing - Theory, News & General
Topic: "Morningstar Names Best 529 College-Savings Plans for 2015"
Replies: 27
Views: 4680

Re: "Morningstar Names Best 529 College-Savings Plans for 2015"

The only real question every year is Utah vs Nevada (unless your state offers a significant tax benefit.) Since mine does AND I'm in Utah, it's a no-brainer. Surprised to see NY and OH not in the top tier though. I guess Morningstar isn't as against active management as I am. Surprised me too. I us...
by financial.freedom
Fri Oct 02, 2015 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: You can time the market...
Replies: 47
Views: 5411

Re: You can time the market...

[…] There was very little difference between making purchases at the beginning of each paycheck or waiting for a RBD to make the purchase. I defined an RBD in this case as a 0.5%, 1.0%, 1.5% or 2.0% loss in a single day. I ran each of these separately to see if anything stood out. Nothing did. The ...
by financial.freedom
Fri Oct 02, 2015 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: You can time the market...
Replies: 47
Views: 5411

Re: You can time the market...

I think it's pretty easy to time a long-term loss for a given lot. If there is a Spec ID lot of fund in taxable that is down, check the price (VTI or VXUS) close to closing and put in the order. I learned that from members of this forum. Timing a long-term gain is not going to happen over time (you ...