Power to the Patients?

[Hank]

Far better to store your crypto on a hard drive, optical disc, or thumb drive that suffers from bit rot or storage medium failure. Or to have your heirs...

[Hank]

You could increase the bond percentage in your portfolio. However, I'd recommend having two to five years of needs (not wants) in a CD ladder, Treasuries,...

[Hank]

Nice shout out to Hermey....

[Hank]

If all you saw were healthy people, you’d go broke in a hurry....

[Hank]

May not be scalable for a 20 to 50 location mini-DSO, but this seems like an eminently sensible approach for an office with three to five partners....

[Hank]

Is anyone poaching the best part of the payer mix? (Seeing most or all of the fee for service patients while foisting the Medicaid patients to the junior...

[Hank]

Not familiar with a state sponsored FSA. Are you a state employee (either directly or indirectly)?

I have used a dependent care FSA in the...

[Hank]

No such thing as a conversion limit. You can convert as much as you want (but the tax hit could be significant).

What you have to worry about...

[Hank]

What type of accounts did you inherit? Taxable brokerage account? Traditional IRA? Roth IRA?
Any other retirement accounts or life insurance?...

[Hank]

Yeah, we’re maxing out all available qualified funds and putting a good bit into taxable every month. I’d love to have more qualified space avail...

[Hank]

If you’re under 50, you can contribute the lesser of earned income or $6,000 per year. You can make an additional $1,000 catch up contribution per year...

[Hank]

Presumably the patient was present when he or she received other treatment. If not, then there might be a fraud issue at another practitioner's offi...

[Hank]

Read the contract. Are you a party to the contract? Are you subject to its terms?

There’s a continuum of need to provide care vs. patient...

[Hank]

I had one of those annual mandatory training classes (on the computer) that set my retirement plans back by at least five years.

Apparently...

[Hank]

All’s well that ends well....

[Hank]

Have some class, man. You’re a dean at a prestigious private med school. At least stick to powder cocaine. ...

[Hank]

A two or three year ladder of six month CDs seems like a fine place for cash equivalents to cover needs (not wants) for a couple years to avoid sequence...

[Hank]

Every time I see the title to this thread it reminds me of that old bit from Police Squad! with Leslie Nielsen.

...

[Hank]

Better not to perform the procedure and incur possible med mal liability if you aren't going to get paid anyway....

[Hank]

Get more than 90 days behind on that implantable medical device and look out!...

[Hank]

I’m not sure it necessarily makes sense for the imaging center to accept Medicaid. Presumably someone ran the numbers and decided that the marginal...

[Hank]

The patient is far more motivated to pay for treatment and diagnosis before it’s rendered than three months or more after treatment.

No...

[Hank]

Triage situation? Mass casualty event? Sure, keep the operating rooms running 24/7 and treat people in the hallways and parking lots.

Regular...

[Hank]

Instead of a Model Y? Yeah, maybe if availability is your only concern....

[Hank]

Sorry, these threads invariably attract gambling spammers from overseas. Feel free to watch poker, make money playing poker, lose money playing poker,...

[Hank]

Can’t say that I’d be comfortable rolling the dice on that much retirement spending (and interest only mortgage payments!) with that amount of investable...

[Hank]

How big of an employer is this? This sounds terribly unprofessional. More so if it’s a larger employer.

Ask HR for a copy of the summary...

[Hank]

This old thread is attracting spammers. If you still need to discuss this topic, please open a new thread (without spamming)....

[Hank]

We’ve had an almost unprecedented bull run in bonds since the first term of the Reagan administration through the Covid-19 bailouts and handouts. Bonds...

[Hank]

The longer the duration, the greater the price goes down (or up) inversely to changes in interest rates. Under normal conditions, absent an inverted yield...

[Hank]

Risk of stocks with limited upside of bonds: what’s not to like?

Larry Swedroe’s bond book was pretty eye opening on the different bond...

[Hank]

Junk bonds usually are a bad idea. During a time of rising interest rates and looming recession they seem like an especially bad idea....

[Hank]

Tear off that bandage!

(Unlike your patients, you don’t have a cone of shame to keep you from tearing off a bandage.)...

[Hank]

Can you do both? Contribute to the cash balance plan and also make after tax contributions to the 401(k) that you can roll to a Roth IRA? After tax...

[Hank]

But can you get your student loan debt forgiven for majoring in one of these rigorous, very useful academic majors?...

[Hank]

I recommend taking off a good chunk of time to travel when you get off active duty. This will be the longest block of time in a row you’re likely to...

[Hank]

COVID-19, mass shootings, and the war in Ukraine all have been pretty bad. But we’re still up to almost 8 billion people on the face of this little...

[Hank]

Lump sum. The market might be down or up a month from now. It almost certainly will be up a bunch twenty years from now.

[Hank]

I’ll never understand the appeal of staying at a Marriott. It’s like it’s the same hotel no matter what part of the world you’re in. It’s like...

[Hank]

Let’s be honest, is this a feature or a bug? You have smart, hardworking parents who place value on educational attainment. Also, g is heritable, despite...

[Hank]

So no arms for Ukraine? Isn’t that effectively appeasing and endorsing Mr. Putin’s invasion and attempted genocide and annexation in Ukraine?

[Hank]

Hopefully every one. If the future tax revenue and reduced social spending outlays for a more educated populace isn’t, on average, substantially positive,...

[Hank]

Even Louisiana and Mississippi....

[Hank]

65% of base salary plus full medical for life starting at age 48? Be kind and nice to the taxpayers or utility ratepayers you interact with; they’re...

[Hank]

If you haven’t seen it yet, The Big Conn on Apple TV+ is excellent....

[Hank]

Might be advisable for the kids each to take out $10K, $30K, or $50K in loans so they can take part in future debt jubilees....

[Hank]

Not quite. Those who chose a marketable degree with decent earnings potential will continue to have that. (They also will pay taxes to fund the bailouts...

[Hank]

Does the marijuana stock she inherited in any way jeopardize your DEA license? Cannabis still is on Schedule 1 at the federal level. The federal government...

[Hank]

20% of gross income towards retirement for a regular retirement at age 60 to 65. I wouldn’t be so quick to discount retirement plan savings as potentially...

[Hank]

I didn’t quite lose $1M in March 2020, but I came awfully close. Some longtime forum participants lost that much and more. Then things bounced back and...

[Hank]

My copy is supposed to arrive on Wednesday. I’m looking forward to reading it.

If you order the book directly from WCI, Amazon doesn’t...

[Hank]

Is the trust revocable or irrevocable? As long as the trust isn’t irrevocable and your dad (perhaps both parents) still have capacity, it would make...

[Hank]

Less Chamberlain, more Patton....

[Hank]

Cool. You mind giving me half of your house?

The Russians are more than welcome to leave all of Ukraine today....

[Hank]

It’s still a bad deal. Do your charitable work at the free clinic downtown or in a developing country. Try to avoid doing work for little or no money...

[Hank]

Neither a rollover from a 401(k) to a traditional IRA nor a conversion from traditional to Roth affects your $6,000 annual IRA contribution or your spouse’s...

[Hank]

Florida. The only state in the Union where the further North you drive, the further South it gets....

[Hank]

Here’s how your last thread about your HOA ended. This thread ends the same way. https://forum.whitecoatinvestor.com/...321#post308321

Hire...

[Hank]

It’s entirely possible that these aren’t terrible people, they just might not be a good fit for your office. Let’s find out if they’d be happier...

[Hank]

You need an associate. Far better to practice one or 1.5 days less per week and be able to work five to ten years longer at a more reasonable pace. Also,...

[Hank]

An Hermès purse and some Hermès scarves is reasonable. Several Hermès purses is an expensive habit. Likewise, it’s OK to have some different shoes...

[Hank]

But you didn’t put the money into the stock market. Your wife spent $10K to $15K per month on “stuff”. Even on the lower end of $10K per month,...

[Hank]

You don’t necessarily need to pay off a 0.9% car loan early. But with $1 million in annual income, you should be able to cash flow a $74K car instead...

[Hank]

A young dentist or physician straight out of training needs to set aside at least 20% of gross income towards retirement. This presumes a typical age...

[Hank]

Since the poster on Reddit is full of it, this isn’t really a valid discussion about someone’s actionable financial problem or concern. Thread lo...

[Hank]

Pick a strategy you can stick with long term. Rebalance roughly annually. Don’t change your asset allocation willy nilly based on recent underperformance...

[Hank]

What’s your after tax, inflation-adjusted return? Yeah, that’s just losing a little less money than stashing cash in the mattress....

[Hank]

Nikola all the way!...

[Hank]

But cash can’t lose value, right?...

[Hank]

And yet you can't blackball the patient, the "expert", and the attorneys as far as ever seeing them or providing medical treatment in the f...

[Hank]

No kidding, it sounds like offering this 60 year old friend a copy of If, Only Investment Guide You'll Ever Need, Bogle, Bernstein, might be the better...

[Hank]

There's still proposition 13 for property tax increases, but not much else left. Weather, sunsets, hobos, and poop & needles on the sidewalks....

[Hank]

I’m going to buy an apartment building in my self directed IRA. That way my heirs inherit…. a giant mess....

[Hank]

How often does the dog pee on the rug?

I’m in the “no cabin” crowd. Maybe at less than $200K, but you still have maintenance, insurance,...

[Hank]

Turtles all the way down....

[Hank]

Respectfully disagree. Money for the kids’ (or grandkids’) education is not money for your own living expenses in retirement. While you “own”...

[Hank]

No, this article certainly did not appear first on Passive Income MD. The reason that this is a well written article is that Jonathan Clements wrote a...

[Hank]

How did this person make it to age 60 and "not need the money any time soon" yet have an irrational fear of capital markets? Surely there must...

[Hank]

Pack of overpriced potato chips at the airport? No tip.

You set an automatic tip of 15% to 20%? Fine, that's exactly what you get unless...

[Hank]

OK, so there's a snazzy website, ads during the Oscars, and celebrity appearance by Susan Sarandon and Shepard Fairey for something called "Power...

[Hank]

Waiter, bring me your oldest bottle of Beaujolais Nouveau!

[Hank]

JBME ’s reply is textbook. 20% of gross towards retirement. Student loan payments, 529s, savings towards a down payment. None of these count as retirement...

[Hank]

Frankly, it’s ridiculous that the Democrats have the White House and both houses of Congress and they can’t get marijuana off of Schedule 1.
...

[Hank]

I don’t bother with valets if at all possible. Just not my cup of tea.

But I’ve gotten looser with tipping in the last six months or...

[Hank]

Hey there little troll, you aren’t allowed to have more than one account (WCI Rule 7) and you shouldn’t post in bad faith and waste people’s time....

[Hank]

Harry, great to see you posting here!!

[Hank]

Our school district has a recommended “wait ‘til 8” policy where they recommend no personal cell phones until 8th grade. I let my eldest know that...

[Hank]

Plus that whole matter of maintaining insurability, preexisting conditions, exclusions, etc....

[Hank]

People? No.
Me? Definitely.

(I’m reminded of those demotivational posters that were popular a few years back. “Perhaps the purpose...

[Hank]

Is the RCT in your username short for root canal therapy? If you’re an endodontist, you shouldn’t have to do too many root canals between now and...

[Hank]

Do you want to keep working during this two year period overseas? If it’s a military PCS, possibly a GS or contractor position overseas. Otherwise perhaps...

[Hank]

Gotta admit, I'd probably watch Dr. Oz more frequently, if only in a watching NASCAR or Running Man sort of way....

[Hank]

One more reason to dislike and avoid HOAs....

[Hank]

Frankly, I’d have more respect for a doctor who started a tobacco company, assuming that doctor was forthright about what it does and what the harms...

[Hank]

Soooo….

evidence based medicine?

[Hank]

Waiting period, cap on total payments, cost of insurance, fire, flood, riots, force majure clause. Read the fine print and see what coverage you need...

[Hank]

It’s a college town with a good med school. I wouldn’t be terribly surprised if the South Bend, Boulder, or Ann Arbor real estate market acted like...

[Hank]

Welp, I hit 90% of MGMA already. See you guys in a month and a half when 2023 starts.

[Hank]

I feel like there might be a Rihanna song that addresses this sort of situation...

[Hank]

No harm. Certainly not trying to “dox” you or provide more details than you offer. Most posters here are anonymous or semi-anonymous.

...