Non-governmental 457

[GIMD]

It's not but you got to start somewhere since I have no idea what the right price would be. My trigger to buy was when the S&P hit bear market territory...

[GIMD]

It's just a part of my play money so not substantial enough to worry about. I plan to buy the stock as it's coming down since I do believe in the future...

[GIMD]

It's been 2 years since I last read this thread or touched TSLA stocks. I wonder how's everyone doing? I'm starting to buy small position of TSLA as...

[GIMD]

Thanks for sharing your story. It helps me get a glimpse of a possible future for us as I see many parellels. I am in academics and my wife works in...

[GIMD]

I recently calculated our NW and was suprised to find that it's up 7% YTD. We have a relatively low NW (~1.5m) so contributions helped. Having some...

[GIMD]

The grass is not greener on the other side so be careful what you wish for. Have you tried doing research? It could be fun and tickle your curiosity...

[GIMD]

I would take the 10/6 ARM. Many things can happen in 10 years.

[GIMD]

What are you waiting for? How much longer do you have with your daughter before she goes off to college? You can totally afford it.

[GIMD]

Yes, I think the run-ups of the market in 2020 and 2021 were irrational exuberance. I don't think companies become 40% more profitable during the pandemic....

[GIMD]

Thanks for all of your replies. Forum participants often recommend maxing out the tax deferred accounts so I just want to make sure that I am not missing...

[GIMD]

Can you explain the tax rules when I take distributions? I think I am currently at the lowest income point in my career. I can get tax deferred investments...

[GIMD]

I have access to a non-governmental 457 plan at work. Should I contribute to this plan instead of putting money into my taxable brokerage? Thanks....

[GIMD]

I'm not sure where you get the 3% added profit from since if that was true, there would not be any discussion. The website you cited showed that a 100%...

[GIMD]

Looking back at the US market history across any 30-year timeline, I think what you said would be true; a 100% equity portfolio will have higher returns...

[GIMD]

You are saving 30% of your gross income currently which is excellent. You are heavily tilted towards equity. Is this part of your plan or just how it...

[GIMD]

I think we are heading there. I'm pessimistic about market returns for the next 2 years. I just hope my NW does not regress by the end of the year.

[GIMD]

I've seen marijuana-induced psychosis and plenty of cases of cannabis hyperemesis syndrome so it's not a benign drug. Currently, I don't feel comfortable...

[GIMD]

I was a nerd for most of my life so never got to try it in school. Perhaps, I will try some the next time I'm in Vegas.
Recreational marijuana...

[GIMD]

I have patients asking me almost every other week about prescribing marijuana for various GI ailments. I have been consistently saying no since I see...

[GIMD]

Sounds about right with inflation. We relocated to another state approximately 500 miles away last year and received quotes ranging from $12-$15K with...

[GIMD]

You have a rather pessimistic view of a 2nd home and your wife does not seem interested so I'm not sure it will happen.
We wanted a...

[GIMD]

I'm not sure why would need to make an all cash purchase. If you are planning to purchase a second home sometime in the future, you can consider buying...

[GIMD]

Let your boss and colleagues know in person, then keep it short and simple in your resignation letter/email. Stay low during the lame duck period; the...

[GIMD]

I completely disagree. Long gone are the days when soldiers line up in the field and the ones with the largest guns and better skills win. If military...

[GIMD]

Reports of multiple explosions in Kyiv and bordering cities per BBC.

https://www.bbc.com/news/live/world-europe-60454795

[GIMD]

In this seller's market, if you or your spouse is willling to put in the time to show the house and do some research, it's not very difficult to sell...

[GIMD]

I wish I had known. Wasted alot of time jumping back and forth between the desktop and online TT version.
In 2020 when Paypal first allowed crypto...

[GIMD]

We received about 40K in cash/checks for our wedding and deposited into our banks without any issue; albeit, this was almost a decade ago. Agree with...

[GIMD]

What Turbotax version did you use? I had the TurboTax Premium Desktop and the 1099 for Robinhood crypto did not come through (but 1099 for Robinhood...

[GIMD]

The prices may have gone down in certain metropolitan areas but I highly doubt that's true nationally. I recently read a report from the National Association...

[GIMD]

Done. It took me over an hour after going through the Desktop Turbotax version to realize that it does not have any support for crypto transaction. ...

[GIMD]

"Don't fight the feds" ...

[GIMD]

To the moon!!!
Yolo!
Holddd!!!

[GIMD]

I've been tax loss harvesting in my taxable account since last month but mainly because I needed cash for a house downpayment. Will probably buy back...

[GIMD]

In my experience, work contracts with large hospital system are often short and standardized contracts. Rarely do I see this kind of detailed information...

[GIMD]

Thanks for all of the tips. We are hoping to have several kids so trying to pick up good habits now in the first inning. Will try the behavioral training...

[GIMD]

Thanks for all of your sage advices and making it real. This pregnancy has been smooth sailing for the most part so it hasn't really hit home for me...

[GIMD]

We are expecting our first baby anytime now.
My current schedule: 7:30-5 work, 6-9: dinner and wasting time, 9-11: inbaset, email, etc. Sat:...

[GIMD]

I guess it depends on if this hobby is a want (peer pressure) or a need (relieve stress/boredom).

[GIMD]

In my previous hospital-employed job, our NPs work independently but we have to cosign all of their notes despite not ever seeing or discussing about...

[GIMD]

I would but I will ask the kid to pay for his plane ticket or make other personal sacrifices; otherwise this can escalate quickly. Toronto this year,...

[GIMD]

Thank you. I'll see about setting up a trust. I have access to some free attorney consultation time through my job.

[GIMD]

I think this is the future. I can see myself going to the movie theaters, conferences, or shopping ... in Decentraland or somewhere in the Metaverse...

[GIMD]

Do you list your children as beneficiary on your life insurance policty? I purchased term-life insurance with my wife as the main beneficiary and smaller...

[GIMD]

A couple things to consider.
1) Closing costs will be 3-5% of your mortgage.
2) Beware of these 0% down mortgage. What is your interest rate?...

[GIMD]

Most of my parents' money are in real estate investments so their CDs only represent a minor part of their savings. I think they ask me to invest because...

[GIMD]

My parents who are retired have asked me to invest their CD money and I'm thinking of investing in dividend ETFs as well. Looking at a dividend REIT...

[GIMD]

I'm surprised that the bitcoin halving theory has not been mentioned. It may explain why some believe that the bitcoin rally is still early in its track....

[GIMD]

Larry Ragman Yes, you can certainly operate a business outside of a LLC. I only mean to say that under a LLC, you are more inclined to operate it as a...

[GIMD]

I first learned about WCI when I picked up his book during residency. I was debating about going for PSLF versus refinancing the loan to a lower interest...

[GIMD]

Yes, do read up on it. Creating and registering a LLC are not difficult to do on your own. An attorney will always tell you that you need a lawyer....

[GIMD]

You do not need an attorney to set up a LLC, particularly when you are just starting out and the LLC structure is simple. There are many online services...

[GIMD]

Yes, the number often quoted is 0.4% annual risk of progression for Barrett's without dysplasia. No need for endoscopic therapy, PPI daily and repeat...

[GIMD]

I remember Theranos well. Holmes was one class below me in college....

[GIMD]

Alot of smoke and mirrors. What baffled me was that GM decided to jump into this mess. Do they have an inside scoop? Or perhaps, that's why they are...

[GIMD]

You gave them good advices. It's too late to invest now at their age. It's best to use the money to pay down their debt. If your parents-in-law ask for...

[GIMD]

Has anyone thought about investing in mortgate REITs lately? The mortgage REITs were hit hard in March so their prices are still at a discount compared...

[GIMD]

As a proceduralist, I do not look forward to cases that create adrenaline rush but sometimes it happens. I see people react differently when cases go...

[GIMD]

It sounds like covid has limited impact on primary care and nephrology practices. What continues to hurt us now is that our hospital has a policy to...

[GIMD]

Throughout my training, my parents have offered several times to help pay off my student loans and I can pay them off slowly later without interest rate....

[GIMD]

Thanks for sharing. I have friends in private practice who also took out PPP loans. I'm glad to hear that your practice is back to 100%. For us whose...

[GIMD]

How has covid affected your practice financially? Has the situation changed in the past 6 months? What is your outlook? I'm hoping this thread will...

[GIMD]

Don't forget to network to increase your visibility. Always have your business cards in your back pocket to pass out to patients and health care providers...

[GIMD]

I just started reading a couple of chapters of "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future" and couldn't put it down. It's...

[GIMD]

The problem is that I bought in alot more in the past month. I put in my entire HELOC money into the market last month and guess what was one of the stock...

[GIMD]

I pulled out of my tech stocks today. The past 3 days have been brutal. Even in March, there was never a 3 day losing streaks like this. I lost over...

[GIMD]

If the finance works out, I think it's a good idea given how cheap it is to borrow currently. I recently took out a HELOC to do the same. I did comparison...

[GIMD]

A fence will probably devalue our house. I'm searing for some good options for tall nice hedges.




I see some familiar...

[GIMD]

I'll start.
The favorite part of my house is my walk out basement. I turn it into a man cave and an entertainment room with all of my gadgets...

[GIMD]

Same here. I don't think I will like him as a friend but I find him inspirational. I plan to read his biography on my next beach vacation....

[GIMD]

I do not view risk as a bad thing; it's a part of life. I think each person has a different appetite for risk. My appetite is high at this time . Before,...

[GIMD]

My wife said I can play until I'm -20% so that's my plan. If the housing market drops next year which I suspect it will, I may take out some money to...

[GIMD]

Yes, the market is insane and I may be one of those crazy people propping it up. Over half of my net worth are concentrated in 6 tech stocks. I'm in...

[GIMD]

Don't fall into the trap of having an academic salary while doing essentially a private practice job. Negotiate to get your salary up to par with similar...

[GIMD]

If I am you, I would chose the local program but I am not you. From what you wrote here, I think you will regret not giving yourself the best shot at...

[GIMD]

Not selling at a loss, just taking in profits early. My overall trading strategy is that I will rather give up some gains if I can minimize the losses...

[GIMD]

I made the largest % gain on TESLA but it's also one my greatest stock blunder. I purchase TESLA last summer in the $200s. I made the rookie mistake...

[GIMD]

If you take out charity and vacation, we live on half of that amount a year. We have no mortgage, debt, or kids though.

[GIMD]

No, I'm not deducting from these small foundations. I'm only deducting donations to temples on American soil. Although the temples have not received...

[GIMD]

Are there any limitations of these DAFs regarding what charity we can direct the money to? I often donate to small groups and foundations that are non-profits...

[GIMD]

I maintained several password-protected documents that contain logins, passwords (coded so that only my wife and I would know how to decode them if someone...

[GIMD]

You already received some great advices here and are in a better position than most by just being in this forum. I want to emphasize the importance of...

[GIMD]

I don't understand the point of holding a 30-40 stocks portfolio. You certainly would not have time to monitor all 30-40 stocks. There are so many ETFs...

[GIMD]

jfoxcpacfp: I didn't realize it was your article until after I posted. The article was very helpful. Thanks for writing it. I've printed it out to...

[GIMD]

Thank you. I just found the list. A bit like a laundry list for med school interview but with helpful tips....

[GIMD]

I'm meeting with a CPA for the first time next week. I've always just used TurboTax because my tax had been pretty simple with W2s and stocks but I made...

[GIMD]

Thanks for all of your helpful comments. I just ran some numbers in excel and as you all pointed out, it doesn't make sense financially since I would...

[GIMD]

Thank you all. I was hoping to turn it into an investment property using a local property management company providing full service with us spending...

[GIMD]

Hello guys,
Please advise if this is a good idea.
Some info about us: couple in our mid 30s with no kids, 3 years out as an attending with...