Can a Backdoor Roth be Partially Funded

[bullsdoc]

Thanks so much for the thoughts. If invested in VTSAX or a different mutual fund, for example, how would this work? Do you generally guess an amount larger...

[bullsdoc]

Hey all,

Quick question, can a backdoor Roth be partially funded? Say in two parts (3000 first six months, 3000 next)? Appreciate though...

[bullsdoc]

Hey all,

Hoping for some guidance here on contributing to Roth IRA after getting married and switching to married filing single for student...

[bullsdoc]

I know Backdoor Roth is gone with current bill, but aside from losing the ability to Roth convert, any changes to the 401k otherwise?...

[bullsdoc]

Hey all,

Hoping to get some information on switching REPAYE to PAYE. If one was to do so during the current hold on loan payments and interest,...

[bullsdoc]

This is fantastic. Thank you...

[bullsdoc]

Hey all,

Looking for some good resources on physician loans appreciate your time/thoughts....

[bullsdoc]

I would take it slow at first. Be conservative with your contributions, 20% maximum. If you feel you are able to do more, moonlight to provide extra...

[bullsdoc]

Seems alright. No reason to be dogmatic. If your core life goal is FIRE ASAP, then don't do it. But if you enjoy your work and think this will enrich...

[bullsdoc]

Right, that's not always the case (Though I'm not sure which part you bolded, doesn't seem to have shown up). Yesterday afternoon, lots of people said...

[bullsdoc]

Back to the DCA discussion, I will say there's a mental game here too. Yes lump investing over-performs USUALLY but I'm not sure it does so enough to...

[bullsdoc]

Yeah residency is tough. If you only fill out a Roth for a few years, not the worst in the world. Otherwise can add to funds as per the experts abov...

[bullsdoc]

Fair enough. Given what WCI often recommends in these situations - and actually did on his pod this morning - why don't you consider writing down your...

[bullsdoc]

Can you present data from a reputable source over the past 50 years that backs up this claim? That is doesn't take a genius or extreme luck to the beat...

[bullsdoc]

"The company itself doesn't make anything. It outsources building the trucks and everything else seemingly. Previously they claimed to be vertically...

[bullsdoc]

This is incredible. No. They don't know what they're talking about.

And don't go to the dinners with financial advisors I'm sure you get...

[bullsdoc]

Actually quite surprised how many are down on hospitalist here. It is absolutely the case that you can do very well as a hospitalist, often as well as...

[bullsdoc]

Momentum is fascinating in light of the rapid up and down in this market. May feel a bit 1987 in hindsight. Regardless, I do wonder how many are doing...

[bullsdoc]

What's the interest rate? 5% is a likely good marker in this environment of invest versus pay down debt. Otherwise a totally personal call, good friend...

[bullsdoc]

Yeah not worth it for VT contributions if your plan is just for investing. You can do this yourself for less. If you want a fun money account, Robinhood...

[bullsdoc]

Thanks. Yes this was something I considered when making the thread. Had heard of the cashback program, likely not a huge deal but certainly a way to...

[bullsdoc]

Thanks yes this is sort of what I was getting at...

[bullsdoc]

You're in a great position clearly. I know many 32 year old resident/fellows living on resident/fellow salaries only. As a single young person, your ability...

[bullsdoc]

Hey all,

Hope this hasn't been covered too thoroughly before, but wondering any benefits to branching outside of Vanguard for taxable accounts....

[bullsdoc]

Your analogy is more apt about betting on multiple numbers in Roulette. Agree its a fine line. But its about the odds of something going wrong with...

[bullsdoc]

That's exactly the problem. The agony of when to get back in. Now you need basically a 10% drop to get back to even. So do you get back in at 5% down...

[bullsdoc]

I should preface by saying I'm no expert, don't have an economics degree, not giving investment advice etc. But yes, its likely combination of both of...

[bullsdoc]

Can you clarify how this is behind and what one might want to shoot for at, say, 40? If this isn't the best forum for this, no worries (I can always make...

[bullsdoc]

You're posts make it seem like there is an astonishing amount of looting and rioting happening. You compare this to previous significant riots. This...

[bullsdoc]

Yeah. Nobody knows. I'd really like to give FutureProof MD an opportunity to discuss somewhere fairly. This is now looking like a disastrous pick. ...

[bullsdoc]

The point is that this is not investing. It's gambling. It may be informed gambling, like knowing which hand to play in blackjack, but its gambling. You...

[bullsdoc]

There is no where else good for people to put money. Not bonds, there is no high interest savings account in existence. The market is it.

...

[bullsdoc]

Agree with the sentiment, though not sure this is totally right. Many docs, likely yourself, truly enjoy practicing medicine and its something they would...

[bullsdoc]

Don't do an additional specialty. If you don't like medicine, that's probably not going to change. Do some PP work as discussed above or work for a 501c3...

[bullsdoc]

Whatever repercussion it has medically that are yet to be determined, what we know for sure?

Stop trying to time the markets. Every morning...

[bullsdoc]

I would argue that Bitcoin is significantly less stable and less easy to understand than gold. Gold actually makes a lot of sense and you could make an...

[bullsdoc]

Are a Bitcoin expert? Because Paypal and Vanguard are companies that do actual things. If this is a line being pushed by people familiar with Bitcoin...I...

[bullsdoc]

Why do people keep saying that Bitcoin doesn't track with the market when...it's been tracking with the market? Am I missing something here? (Apologize...

[bullsdoc]

Almost never worth it. Almost never. The small number of times it is worth it are highly personal, and you'll know if they are there.

...

[bullsdoc]

Agree. Thanks...

[bullsdoc]

Thanks for the response. Quite informative, and largely I'd agree. I'd say the results here are biased though. You could also leverage stocks to increase...

[bullsdoc]

So well put. Thanks...

[bullsdoc]

Thanks for your thoughts. The issue I would take is that it does scale. You put that money in the markets that you made moonlighting, and it works for...

[bullsdoc]

No disrespect, but this sounds a bit too much like an ad I have to say. Regardless, if we're worried about 20% unemployment and people paying their rent,...

[bullsdoc]

Is this not just a twist of the pay off debt versus invest argument? Though I agree taking on a new debt unnecessarily isn't the best thing in the world....

[bullsdoc]

How many are getting benefits out until 39 weeks? Is that uniform after CARES runs out, or goes to state by state on length of benefits?

[bullsdoc]

So interesting thoughts here, thanks for sharing. CRE does seem a different game a bit. Perhaps a good way to go if the opportunity presents itself, as...

[bullsdoc]

Totally get it. Assumed that crowd to be a bit smaller in a field like medicine. Maybe it is and we just see the diverse opinions anyway, or maybe I'm...

[bullsdoc]

Thanks, this is a good opinion to see here. Can you explain why the tax bill would not be worth it, assuming you're selling a property you own? Are long-term...

[bullsdoc]

True the degree of distrust on some of these websites, podcasts, etc. has really been striking to me. I remember 2008 quite well and there's no guarantee...

[bullsdoc]

Thanks for the response, this is really great. True that I did not think a lot about the tax component. Still doesn't seem worth it to me when as you...

[bullsdoc]

Hey all,

I've been doing a bit of homework on real estate investing (Not REITs or funds, I mean buying, selling, renting properties) and...

[bullsdoc]

The market is overpriced. People are still doing well on their stimulus checks, unemployment benefits, and liquidity remains high. Once unemployment...

[bullsdoc]

Highly doubt it will disapear. Hopefully there will be fewer get rich quick podcasts about becoming a millionaire on Airbnb by 30 and all that

[bullsdoc]

EM is interesting. But that it couldn't get worse? Things are pretty bad in Brazil right now. Certainly this is a speculative bet and not one for an...

[bullsdoc]

100K for furnishing? Maybe that shouldn't be the thing I'm focused on...but wow that is a lot for two properties at $190K a piece....

[bullsdoc]

Are you looking at this same data? This is quite obvious, point blank recession territory: https://www.wsj.com/articles/first-q...us-11588123665
...

[bullsdoc]

The market is overheated on limited and incomplete data. Trading up 4% on Gilead is crazy. Even if we get the economy back to 70% normal, it would still...

[bullsdoc]

Thanks. So just to be clear, I can put this off until April 2021 and pay them then without penalty as long as there has already been 110% W2 withholding...

[bullsdoc]

Just to clarify, why wouldn't paying the entire estimate now not be recommended here?...

[bullsdoc]

Thanks for your time!

[bullsdoc]

Hey all,

Hoping to ask a brief question on estimated quarterly taxes. Say you made $5000 in 1099 income the first quarter of the year, but...

[bullsdoc]

For us in residency, buying opportunity of our lives to date. Coronavirus, though certainly a serious event, is likely a transient one. Market will bounce...

[bullsdoc]

Thanks for all the answers! Very helpful

[bullsdoc]

A lot of talk about getting some international on board. At least worth considering. No guarantee at all the S&P 500 is going to outperform the...

[bullsdoc]

Dear all,

Hoping to ask a quick question about filing taxes. Still waiting on a 1099 for some VERY small investment income (Under ~$10)...

[bullsdoc]

Thanks, glad to hear. Yes I'm aware of that aspect as more difficult to allocate fixed amounts. Appreciate the help.

[bullsdoc]

Hey all, Have read a lot about the ins and outs of ETF versus mutual fund, but just asking very specifically of any discrete negative to moving a sm...

[bullsdoc]

Get Roth IRA to 6K, get 4-5K in a high-yield account for upcoming fellowship, licensing things depending on how long your residency is, and then the rest...

[bullsdoc]

All this is to say, should some change their asset allocation from a 70-30 stock-bond portfolio or whatever allocation is in your investing statement? ...

[bullsdoc]

Honestly it looks rough going so quickly, but they're just getting ahead of the trend. The other banks will follow. And if they don't, well yeah it's n...

[bullsdoc]

EntrepreneurMD wrote: To wherever the stabilization point is. A sharp fall in the Yuan historically messes with the US market in a major way. That’s why we hate it. Logically a conta...

[bullsdoc]

Yeah really only makes sense if you're in a situation where you'd have to Uber or something everyday twice a day instead (Which it doesn't sound like...

[bullsdoc]

Unless he is living rent-free, no way this person is living on 12K a year in Manhattan.   Absolutely impossible.

[bullsdoc]

Hey all, This is a very hypothetical question, but wondering in the event something extraordinary were to occur during fellowship application/interview season. If...

[bullsdoc]

A lot of people are buying houses they don't live in.  Airbnb, rental houses, flips, etc. We're already getting those stories about how you can make...

[bullsdoc]

Ally is great.  Highly recommend. Agree with above on Dave Ramsey. Great to listen to and a ton of good advice, but very behavioral finance-based.  Much of wha...

[bullsdoc]

With rising healthcare costs and an ever-present need to bring them down, you do not and cannot know how much they're going to reimburse for a TURP in...

[bullsdoc]

Many tremendously helpful answers.  Thank you all for your time

[bullsdoc]

EndlessSummer wrote: This situation is essentially identical to the “should I buy during residency?” question.  Same pluses and minuses. Click to expand... It was and is a slightly different situation in my mind, a...

[bullsdoc]

Rogue Dad, M.D. wrote: I bought a house in fellowship. Only sort of partially realized how bad a decision it could have been. It worked out financially, but also could have been an epic disaster. I believe I alre...

[bullsdoc]

This is not a relevant comment.  Peds I very much appreciate your previous comments and ongoing help in the forum, but this is not one of them (Though...

[bullsdoc]

Well I searched for how people felt about this during fellowship and didn't find a lot of great information that's how. It's easy to keep on keeping ...

[bullsdoc]

Really appreciate the perspectives here.  I suspected this would be the case, but very much helps to hear so resoundingly.  Having been in training...

[bullsdoc]

Thanks for the response. As a follow-up, can I ask a question here about the relative cost of renting versus mortgage payments?  Granted as the homeowner...

[bullsdoc]

Dear all, Thanks to all for the help and support in this forum.  I've truly learned a lot here and have many to thank. I have a question about home ...

[bullsdoc]

Thanks for clarification, yes

[bullsdoc]

Thanks for the message, completely agree. I suppose what I am saying is, in a relative sense, I see nothing wrong with Maryland at all.  The poster ...

[bullsdoc]

What are the practical differences between the two in tax-protected accounts though?  I assume minimal?

[bullsdoc]

I'm still relative new to both this community and investing, but I've learned quickly that you will catch a lot of financial flack on here for basically...

[bullsdoc]

I'm early on and still in residency.  Have gone 100% stocks thus far, I've got some savings in a 401K but going to convert that all to Roth once leaving...

[bullsdoc]

Got it. Thanks

[bullsdoc]

VBMFX? Says that it is closed

[bullsdoc]

Hey all, Hoping to get into a bond fund with Vanguard in a roth account, so obviously no tax implications, any good suggestions?  Seems their total...

[bullsdoc]

Hey all,

 

Thoughts on this fund?  I assume pretty similar to VTSAX just an institutional version.  Thank you

[bullsdoc]

A bit more of a pain to move in and out of treasuries right?  For a pretty nominal increase in interest, I mean at 2.2% you're still give 1.43% growth...

[bullsdoc]

Thanks for the message. Mostly roth at this point, a bit 403b from employer match but not a whole lot else beyond that just yet

[bullsdoc]

Thanks for the comment. I'd like to eventually allocate 80%/20% stocks/bonds, with 2/3 US stocks and 1/3 international, but again still working to get...

[bullsdoc]

Dear all, I am still a new investor, and thus far have put most of my investing toward VTSAX.  I am hoping to diversify to international funds withi...

[bullsdoc]

Quick related question, thanks for all the help here.  Let's say a similar situation, used pay stubs to certify salary, now want to use AGI which would...