Home owners insurance- should this increase with value of the home?

[wawot1]

https://www.thingiverse.com/thing:4706489

This is the best thing my son has printed on our Prusa mini

[wawot1]

Thank you- I will talk to the insurance agent about a rider.

[wawot1]

I bought a house about 10 years ago and have it insured for the purchase price.

Today, 10 years later, it's worth a lot more. Let's just...

[wawot1]

You could refinance to a 10 year and plan to make extra payments to top up to $2400/month (or whatever your budget will allow after you have maxed out...

[wawot1]

Thank you, spiritrider, for this thoughtful response. Greatly appreciate you sharing your wealth of knowledge. I've passed along to my colleague....

[wawot1]

A new colleague just joined my practice a few months ago and I was trying to help him sort out how much money he could put in retirement accounts for...

[wawot1]

Curious to hear the thoughts of others.....

If the backdoor IRA is legislated away, will you make non-deductable trading IRA contributions?...

[wawot1]

I've had no problems donating VTSAX lots from vanguard to fidelity charitable...fidelity does insist on a paper form (that doesn't need a notary or anything),...

[wawot1]

Is the broken car truly a lost cause? Or can you get another few years out of it with the help of a good mechanic? May be worth getting a second mechanic...

[wawot1]

You can't buy more hours in the day. Huge opportunity cost to a lengthy commute....

personally, a commute like you're proposing would be...

[wawot1]

You can't do it at a regular intervals. You just have to wait until the market goes down substantially, check your lots of your mutual funds, and if...

[wawot1]

Many would argue that, mathematically, investing any extra money is likely to be the best move.

I think that the behavioral aspect is huge...

[wawot1]

Are you in a part of scal that is dry enough for a swamp cooler?...

[wawot1]

My 401k plan at vanguard has an option to (almost?) Instantaneously do an in-plan conversion the moment the after-tax funds hit the account. You set...

[wawot1]

Umm....108 degrees in Seattle? Catastrophic flooding in Germany?

Why make a comment like this?...

[wawot1]

I have to dissent from the majority here - I say go down to 1 car. 98% of the time this will be fine. 2% of the time you can take an Uber.
...

[wawot1]

The Premonition, by Michael Lewis. All about government's response to covid, and the systemic problems of our patchwork public health system. I'll read...

[wawot1]

Exactly. Keep it simple. Building the right habits and getting the big pieces right is what matters....

[wawot1]

What's your investment time horizon? If you're investing for retirement decades from now, none of this matters

[wawot1]

Registration fees go down as the value of the car depreciates. Probably you can pay less for insurance too. But that's fairly minor stuff. I agree...

[wawot1]

If the thought of debt just "eats at you", then there's your answer. Knock out the mortgage. Sounds like whatever you decide isn't going to...

[wawot1]

https://compassionandchoices.org/end...cal-aid-dying/

Looks like 10 jurisdictions in the us allow...

[wawot1]

Other states also allow this. Colorado has provisions for medical aid in dying. And, as others have pointed out, many more people contemplate it than...

[wawot1]

Fidelity charitable lets you give as little as $50 a pop, and you can easily set up recurring donations to your charities of choice.

As...

[wawot1]

But thinking about all of the cars that exist in the world.... SOMEONE is buying a new car and selling the old one that you are now buying on the used...

[wawot1]

If a significant part of your motivation for wanting a car with better mpg is the carbon footprint rather than the actual cost of the gasoline you're...

[wawot1]

Nope. Knowingly taking something without paying is stealing. Sorry....

[wawot1]

Um....yeah. knowingly taking something without paying for it has a word in english. I believe it's called stealing, isn't it?...

[wawot1]

No personal experience with that scenario, but if it were me, I wouldn't let it lapse. Sounds like potential for major headaches for what? A couple...

[wawot1]

You really need to ask this question? Come on, you know what to do.

[wawot1]

Some interesting thoughts here

https://www.mrmoneymustache.com/2015...n-about-money/

[wawot1]

I think the bigger issue is people who sign a lease to have panels put on the roof (you know, those guys that knock on your door and say "it's totally...

[wawot1]

You can also check out the national renewable energy lab website....pretty neat way to estimate your solar production potential, based on geography, direction...

[wawot1]

Thanks Star Trek Doc -

So I think the real question I'm wrestling with - I can expect a higher return on investment the more leveraged I...

[wawot1]

Hi all -

I'm buying my first investment property. My question is how to account for this in my asset allocation.

My investment...

[wawot1]

You say you anticipate being left with 150k-200k left over after tax expenses. Let's call it 175k/year.

Put an extra 30k in the mega backdoor...

[wawot1]

Another consideration -

I would check with the medical boards first about rules for medical license fees. In my state, all medical licenses...

[wawot1]

Another vote for the HDHP. You'll almost certainly come out ahead. I'm in a similar situation with a HDHP and a requirement for an annual dermatology...

[wawot1]

Thanks WBD - yeah, I've been reading up on the pros and cons of an LLC vs an umbrella policy. Aside from the financing issues you bring up, seems that...

[wawot1]

Thanks GIMD - I've looked into that a little too. I've listened to a few podcasts by asset protection lawyers who say "don't do it - you need a...

[wawot1]

Maybe Khan academy?

https://www.khanacademy.org/computin...r/storytelling

[wawot1]

I'm looking to buy a single family house investment property that I'd like to put into an LLC.

I just spoke with an asset protection / tax...

[wawot1]

Ive heard an interesting observation - many people buy houses not based on the price of the house but rather on the cost of the monthly payment. With...

[wawot1]

70k in credit card debt is an emergency. Don't ditz around on paying that off. 24 percent interest rates will eat you alive.

I wouldn't...

[wawot1]

I can't comment on options for federal employees, but I have both an HSA and also ada FSA through wage works. It is pretty easy to upload receipts and...

[wawot1]

Check out fi.google.com...

[wawot1]

I was in a very similar position to you when I finished training , 9 years ago. I paid a one time $1500 fee to a fee-only financial advisor for a roadmap...

[wawot1]

Hi all -

My spouse and I have two children and we both work for the same large physician group. If only one of us had worked for the group,...

[wawot1]

Hi all - About halfway through a book that I think many on this forum would find interesting: http://danariely.com/books/dollars-and-sense/ Dollars and Sense by Dan ...

[wawot1]

Another vote for refinancing your loans to the lowest rate you can get and  paying them off without getting tangled up in the stock market.  Especially...

[wawot1]

CM wrote: wawot1 wrote: There are a number of folks in our group working 0.7 Or 0.8 FTE, but they usually start out working 1.0 and then cut back after several years.  Click to expand… So yo...

[wawot1]

If you're willing to work primarily evenings and nights, I think there are numerous opportunities. My group is always looking for fellows looking to...

[wawot1]

This is exactly why I don't stay in hotels anymore.   AirBnB is the way to go - with minimal effort can usually find nice, unique properties, with way...

[wawot1]

I have to respectfully disagree about much of the credit card discussion above. Benefits of sign up bonuses / Cash back / travel points aside, peop...

[wawot1]

  Invest $12 in this book: https://www.amazon.com/Baby-Bargains-Secrets-Saving-strollers/dp/188939257X   We had a prior version of the book when our first son was born about 8 years ago.   I think it was very helpful to cut through a lot of ...

[wawot1]

I do this too through Optum. When the balance gets above $2000, you can opt to auto invest in increments of at least $100, as long as you have at least...

[wawot1]

ToBuyOrNotToBuy wrote:   I feel like I must be missing something here because no matter how generous I am with the rent side of the NYT calculator (crazy buying and selling costs, great market of 8.5% inves...

[wawot1]

Of course, not alive either, but Kurt Vonnegut is amazing.

[wawot1]

Cixin Liu. Amazing Chinese science fiction writer.

[wawot1]

When our first son was born, we decided that we wanted to fund 4 years of fancy-pants private undergraduate education.    We started with tuition at...

[wawot1]

At Fidelity Charitable, you get to name your DAF whatever you want.  When it's time to donate money, I believe there are options for anonymous or from...

[wawot1]

My hospitalist group hires fellows to do some admitting shifts (typically Friday & Sat evenings/nights)...if you're wanting to dip your toe back in the...

[wawot1]

Yes. I think jlcollins is great....no BS. He also has some gray hairs / life experience that a lot of fire bloggers lack

[wawot1]

Isn't 35k more than 24k? If you're really going to set aside that much each year, I don't see why you'd need to group every 2 years....

[wawot1]

What are the interest rates on your loans?    That would influence my decision.

[wawot1]

Thanks everyone for your input

[wawot1]

Hi all - Not sure if this is covered in another thread somewhere... Every 2 weeks, I have money deducted from my paycheck to buy VTSAX(total stock m...

[wawot1]

I believe that is correct

[wawot1]

I have a different take on it. Rather than transferring it to the trashcan, I transfer it directly to the recycling bin. I can't remember...is thi...

[wawot1]

Easy, trivial amount of effort - definitely worth it.

[wawot1]

I've done it diy. A pain to set up initially, not difficult afterwards. PM me if you'd like details (although, obviously, details will differ by s...

[wawot1]

Cytogal wrote: Follow-up: I submitted my response letter by fax with supporting documentation.  Heard back by letter after 35 days that they need more time to process my informati...

[wawot1]

Also, don't forget to look into your new employer's retirement plan. Do they offer after tax contributions to their 401k plan? If so, can you do an...

[wawot1]

The Donald?

[wawot1]

Hi all - Opened up a Donor Advised Fund at Fidelity Charitable last year, and donated some Vanguard mutual funds.  I thought I was donating specific lo...

[wawot1]

Pick one.  You could spend a month in either of those locations and just scratch the surface.....

[wawot1]

Horror of horrors!  Something breaks and you try and fix it yourself!  What's this world coming to?!?! Am I the only one who read this and thought...

[wawot1]

Cut your losses, save yourself the headache, move on.   My wife and I lost about 10k when we sold our townhouse after we finished residency and moved acr...

[wawot1]

I just got the exact same letter....ugh.

[wawot1]

Several nocturnists cover 24 nights/month;  the balance is split between the rest of the group, with an exception that those over 55 years old don't...

[wawot1]

I've started writing an annual birthday letter to each of my young sons - filled with observations about them over the past year and whatever pearls I...

[wawot1]

I'd put it in the after tax bucket and then convert because 1). You're likely to get a better return than 3.75% and 2) how likely is it that you'll stay...

[wawot1]

I remember reading a CT report informing me that my male patient was s/p hysterectomy. I had full confidence in the rest of the findings in that rep...

[wawot1]

I don't have any first-hand experience with this, but really interesting This American Life episode that may be applicable to debt collections.  Check...

[wawot1]

Consider another option - if you contribute to a 529 and  your stepdaughter doesn't end up needing the money.  Why not donate it to some worthy student...

[wawot1]

I opened a Vanguard UTMA for each of my two sons (ages 3 and 7) and bought one total stock market ETF share for them each.  As they get older, I figure...

[wawot1]

Changed my own brake pads on my new used car.  Watched some youtube videos and realized that it's not rocket science...my friend who's worked on a lot...

[wawot1]

A 2 hour commute is absolutely not worth it. If you're working 6 days a week, that's 12, yes TWELVE, hours a week that are lost. Time is precious.......

[wawot1]

spotty_dog wrote: Hrm. We are sleeping on an IKEA mattress we bought in 2008. It does the trick! No back pain or whatnot…I forget how much it cost but I don’t ...

[wawot1]

I think JCollins lays out a good explanation for why Vanguard is different from Fidelity and others - basically that Vanguard is client-owned.  Your...

[wawot1]

Those rules of thumb are just marketing tools for jewelry businesses!   Do an experiment - Next time you're in clinic/hospital and you see one of thos...

[wawot1]

I have my HSA through Optum Bank - they have a pretty good tracking system that lets you upload receipts and keeps track of it all...although I also keep...

[wawot1]

You're describing timing the market - I don't think anybody can honestly say they know what the stock market is going to do in the next day or week or...

[wawot1]

Thanks everybody - just made the switch in Vanguard.   Appreciate your help

[wawot1]

Hi all - Would love your input on this one. I have a 401(k) with both pre-tax dollars as well as Roth dollars (from in-plan Roth rollovers of after...

[wawot1]

I always like what J Collins has to say....he had an interesting post about the "Wasting Asset Retirement Model" (which he didn't actually endorse). h...

[wawot1]

Why don't you just work on maxing out all of your other tax advantaged accounts early in the year (ie get in the market on those) and not earmark anything...

[wawot1]

Insurance only works for insurance companies if, statistically speaking, they're more likely to bring in more money than they pay out.    Assuming...

[wawot1]

This is very helpful - thank you.   My 401(k) plan has both traditional 401(k) and Roth 401(k) options, does allow for after-tax contributions as well a...

[wawot1]

Give me any set of retrospective data and I can find a probably meaningless "pattern" that is just statistical noise. What makes you think there is so...