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[VagabondMD]

Where do you hide a $100 bill from the radiologist? On the patient.

Where do you hide a $100 bill from the psychiatrist? In the patient....

[VagabondMD]

Very enjoyable. Well worth the listen. Tobias is hilarious, and he sounds exactly as you would expect from reading the book.

[VagabondMD]

The week is still young! ...

[VagabondMD]

I am more of an Old World guy. I love Barolo's and Brunello's, Chateauneuf-du-Pape's, Super Tuscan's, and just about anything from Sicily. Unfortunately,...

[VagabondMD]

Same. I read this book many years ago. It was both informative and entertaining, IIRC. I look forward to listening to the podcast....

[VagabondMD]

Yes.

https://shop.whitecoatinvestor.com...

[VagabondMD]

You joke, but the Chief Diversity, Equity, and Inclusion (DEI) Officer, or the equivalent, at many companies pays way more than you or I will ever se...

[VagabondMD]

@WCI has a great quote to answer you:

"If you can be talked out of a career in medicine, you should be."

[VagabondMD]

I have ONE MORE question about the SEP-IRA...

[VagabondMD]

"Price per share" is an artificial construct. It does not matter.

VT is more heavily weighted in international than I (or many)...

[VagabondMD]

Hmm, good point. I guess in retirement, vacation spending is an infinite (divided by zero) percentage of income. It might be better to quantify it is...

[VagabondMD]

This is completely a phase-in-life-related question. The nature of vacation changes with the presence of children, as your children get older, empty nest,...

[VagabondMD]

I wonder if the Vice Dean of Medical Astrology and Emotional Support Animal Verification works for free?

Here's another option. Find a Hospitalist...

[VagabondMD]

The instructions indicate that a faint line is considered to be positive....

[VagabondMD]

Agree. After two rounds of someone taking out payday loans in my name, for about $2000 each time, within a one-year period, and dealing with the hassles...

[VagabondMD]

My wife had a week-long URI. She Covid tested 5 times (1 PCR and 4 home Ag test). On Friday, she did an antigen test (negative). I had a little scratchy...

[VagabondMD]

A week in Western PA with family in late May.

A week in Colorado in July (half remote work, half play).

18 days in France in...

[VagabondMD]

You have a lot of living to do before talking about retirement. Life throws lots of curveballs. Your worldview and life plan might change in 5 years and...

[VagabondMD]

I think Josh is an excellent writer, and I almost always read his blogs. He is definitely an asset to the WCI enterprise. While this article was not my...

[VagabondMD]

I would not consider this to be a "midlife crisis", more of an early adulthood crisis. Semantics aside, and speaking of early adulthood, I think...

[VagabondMD]

Somewhat OT, but when I saw "GIST" in the title, I immediately thought that the thread was going to be about a doc recently diagnosed with a...

[VagabondMD]

That is correct....

[VagabondMD]

VTEB would be a decent choice. Not CA-specific, but for one month, it will not make much of a difference.

[VagabondMD]

Breaking news! The Pathfinder K-1's have dropped. If you hurry, you can still file on time...unless you are like me and waiting for more K-1's....

[VagabondMD]

It's not what you asked, but @WCI has a general principle that a second home is a luxury item, and, as such, it should be purchased with cash and not...

[VagabondMD]

Our practice always discussed the partnership track and the formula for buy-in in the hiring process. We spoke about what recently minted partners had...

[VagabondMD]

This is par for the course for these real estate (and other) partnerships. There is no reason to single out CityVest. Some of us are just not cut out...

[VagabondMD]

This x 100.

I was mentally (and financially) ready to retire from the practice of radiology, but I was not mentally ready to retire from...

[VagabondMD]

I have just started flying enhanced coach and business class (international). We have not recently had an international vacation with kids, and I will...

[VagabondMD]

I am not sure how this is even a question. If I had to pile into a hotel room with my wife and two teens (now in the their early 20's), I would sooner...

[VagabondMD]

I am also not trusting the math. The numbers that initially entered confirmed that I was at "CoastFI", which is empirically true. Then I made...

[VagabondMD]

It sounds like you are in a great position, but there are pros and cons to both situations. In the old days, staying in academics, if you expect that...

[VagabondMD]

My father and sister and myself spent the lasts round of the NCAA tournament betting on and watching games basketball games this weekend. We are using...

[VagabondMD]

I have had this multiple times, including 2020 and 2021. It gets credited to you when you prepare and file your return.

[VagabondMD]

We intended to use our excellent public school system.

My son had some learning issues, and he went to private school from K-12, and we are,...

[VagabondMD]

You would have to look at the income statement of the entity, but I suspect that the income from the relief funds fed into the "profit" of the...

[VagabondMD]

K-1's? LOL. Talk to me in two months! For the purposes of immediate tax planning, I might assume that our entire distribution from the past year is ordinary...

[VagabondMD]

I have used Fidelity for 15+ years and have been very happy with it.

I have noticed that DAFs are springing up everywhere. My daughter's...

[VagabondMD]

For a contracted group, 6 months is not unusual....

[VagabondMD]

I have been buying these, intermittently, since 2002. Over the past 12 years, I have one bond greater than 0.1% fixed rate, and that is from 1/10. (I...

[VagabondMD]

I actually do not like this explanation in the resignation letter. It can be construed as criticism and as a negative. The last thing you would want to...

[VagabondMD]

I think that is a red herring in this discussion.

The pros and cons are outlined in the bogleheads wiki above. Mutual funds are more convenient...

[VagabondMD]

All I can say is that the way MPMD is throwing around $150 bottlers of whiskey and wine, I cannot wait to be invited over for drinks at his place!...

[VagabondMD]

I look at it differently. A $600k house is a relatively inexpensive house for a doctor to live in. I do not know a single doc who lives in a house valued...

[VagabondMD]

I completely agree. Never use airport, hotel, restaurant, or other public wifi when logging into financial accounts unless you are protected by a VPN...

[VagabondMD]

I use ProtonMail for all personal and financial communications. I use a VPN (Express VPN) when traveling if I am logging into accounts or making transactions....

[VagabondMD]

When I was in my prime working years, I always kept at least $100k for when "something suddenly comes up". (Brady Bunch reference)
...

[VagabondMD]

This "second generation FIRE" concept is a bridge too far for me. (Heck, OG FIRE is a stretch.) I think that the best we can do is teach and...

[VagabondMD]

I also was a child in the 70's, remember gas lines, high inflation, etc. Even my orthodontist father was very concerned. One of his offices was located...

[VagabondMD]

Okay, call me surprised. I just verified above performance numbers, adjusted for today. The spread certainly narrows over time but......

[VagabondMD]

It will be a very long daily commute. Or you can commit fraud. Your choice.

If the car is owned by someone in North Carolina, like your parents,...

[VagabondMD]

I have had UTMA accounts for my kids with Fidelity for many years. My son, now 23, now has control of his account as an individual taxable account. I...

[VagabondMD]

I believe that your data is incorrect. As of the time of this post, VOO down 12.1% ytd and VTI down 13.1%.

[VagabondMD]

I have found several outstanding trip planners for international travel on Zicasso. They vet the trip planners and match you with two or three, who compete...

[VagabondMD]

The I-bonds interest rate is based on CPI, which the Fed can influence with monetary policy but has no direct control over. The interest that you get...

[VagabondMD]

I have had an I bond position since 2002. It is much larger now, because of the favorable rates and because I have more assets. I am not sure that inflation...

[VagabondMD]

At my old community hospital practice, autopsies were rare, maybe a few times per year, unpaid and, for good reason, the hospital-based pathologists were...

[VagabondMD]

Check out RPAR. It is an ETF based on a similar risk parity principle. It has an allocation of 25% stocks (via index funds), 25% commodities (split between...

[VagabondMD]

Try a local/regional bank in your community. They tend to cater to doctors and other professionals. That is where I have a private banker.

[VagabondMD]

If you are really intent on ignoring the noise, stop listening to The Long View. (Really.)

[VagabondMD]

One of my friends had a daughter who started college in 2008 or 2009, and he was disappointed how relatively aggressive the age-based allocations were...

[VagabondMD]

Yes, I did. The practice had excellent support for this, mostly sending an email with an enclosure that you had to complete or sign and scan and return....

[VagabondMD]

I did. Some of the drawbacks to teleradiology were not appealing:
1) Most jobs required evenings and or nights. Hard pass for me.
2) Pay was...

[VagabondMD]

I am currently in a WFH job with Big Health, and the mindset is quite a bit different. It is much more 8-5 (plus an hour for lunch) with flexibility for...

[VagabondMD]

If your wife could be paid as a 1099 independent contractor, she could get an EIN and set up a solo 401k for herself.

[VagabondMD]

I was just checking it out to verify. No need to eviscerate the messenger....

[VagabondMD]

It turns out this works for any "transaction fee" no load funds. I just used it buy Fidelity index funds that are held in my Schwab account,...

[VagabondMD]

The current interest rate applies for the six month period that you own the bond (7.12% annualized). Then, it will (likely) change to the interest rate...

[VagabondMD]

Fidelity was pro-active about forcing us to change the titling to and access of the account soon after my son turned 21.



We...

[VagabondMD]

A lot may depend on your specialty, role, and to what degree the university department has established your reputation in the community. If you are the...

[VagabondMD]

The comments section is quite entertaining. ...

[VagabondMD]

I am in the same boat. I read the FiPhysician fairly religiously. My reading of the WCI and PoF content has dropped off, but I will certainly read either...

[VagabondMD]

I had an excellent coach who helped me with career transition when I experienced debilitating burnout several years ago. I went from full time partner...

[VagabondMD]

I think that the private REIT is a good idea for the first step. I recently also considered PEAK, but there were some issues getting my account open and...

[VagabondMD]

I have dallied in these a bit - Realty Shares (now defunct), Peer Street, CityVest real estate access funds (three), and, most recently, Realty Mogul....

[VagabondMD]

Exactly.

We have two mothers (86 and 82) that have dwindled and dwindling assets, respectively. Both have been uncooperative in any planning....

[VagabondMD]

I have been doing this for 15 years. Earlier in my experience, almost everyone sent a receipt as if you donated cash. Over time, with more people using...

[VagabondMD]

I guess that's your opinion. ...

[VagabondMD]

In some cases, it is optimal, especially if there are large amounts of assets or complicated assets that will be transferred from one generation to the...

[VagabondMD]

This is a very odd thread that has nothing to do with personal finance or being a doctor. That is the only opinion that I will offer.

[VagabondMD]

If the quote is $2.5M, expect the final tab to be over $3M. I have never heard of anyone who had a building project that did not go at least 20% over-budget....

[VagabondMD]

Let me restate it. I am disappointed that the MedTwitter mobs were set upon you for this as they were. I agree with your overall take on apologies....

[VagabondMD]

I have had two "2's". I think there is a great deal of luck getting it correctly in the second or third try (and obviously the first).

[VagabondMD]

I disagree with the criticism of WCI being tone deaf and am disappointed that he was forced into an apology. It comes down to the fact that "living...

[VagabondMD]

Excellent point. Bad things can happen.

Two of my close friends from training were dead by age 50, cancer in both cases. Not sure if they...

[VagabondMD]

This should be the in keynote speech at WCICON....

[VagabondMD]

Net worth is but one factor that impacted my ability to cut back on my clinical career.

There are many other factors that go in to this and...

[VagabondMD]

Okay, I will agree IF everyone who comments also discloses their annual hairstyling budget AND posts a photo. And I agree that the professional cutter...

[VagabondMD]

Perhaps I do not understand the timeline. You are on a leave of absence and will be restarting your second year in Fall, 2022. Other than X-box, working...

[VagabondMD]

In the past, I have completed the Medscape survey. I did not find that the questions were asked in a way that they could be answered consistently by the...

[VagabondMD]

Or perhaps anyone in any field in private practice?...

[VagabondMD]

I am not sure why any private radiology practice would sign up. So the radiology data does not include private radiology practices?...

[VagabondMD]

Do all "employers" get surveyed? I was head of a private practice group for seven years, and we were never surveyed. All of these surveys have...

[VagabondMD]

VinoVest is a fintech investment platform. You do not hold the wine. It is held for you in large, state-of-the-art facilities, insured, and resides close...

[VagabondMD]

I have generally avoided these nouveau investment asset classes (Masterworks, NFTs,, etc.), with one exception. VinoVest!

https://www.v...

[VagabondMD]

As discussed on the Animal Spirits podcast yesterday. This is a more liquid (lower interest) version of Peer Street and similar real estate crowdfunding...

[VagabondMD]

Investing in our imaging centers was easily the best investment I ever made. When I joined the group, we were 100% hospital-based. When I retired from...

[VagabondMD]

Perhaps short for a period and now on the sidelines.

I have no idea and will not know until the end of the month when I do my regular net...

[VagabondMD]

If you missed the boat, so did I. It is never too late to start a taxable account.

[VagabondMD]

I generally agree with this...with the possible exception that I have seen mammography consistently devalued by partners. Mammography is a subspecialty...