Looking for volunteers with Donor Advised Funds

[PhysicianOnFIRE]

Shouldn't be an issue as long as you're only uploading pics of Jim Dahle. 😀...

[PhysicianOnFIRE]

It's easy enough to do the math.

Dividend rate (currently ~1.5%) x tax rate on qualified dividends (15% or 20% + 3.8% for most docs + state...

[PhysicianOnFIRE]

People love their trucks. Having multiple EVs available will expand the potential buyer pool quite a lot.

Also, https://www.google.com/s...

[PhysicianOnFIRE]

You asked about 2 weeks too late. You had the chance to lock in 12 months at 8.54% (average) buying before the end of April.

Buy now through...

[PhysicianOnFIRE]

This [outstanding] post most recently appeared on Passive Income MD.

[PhysicianOnFIRE]

It depends on what you own elsewhere, but I'd probably keep it simple and be 100% Vanguard Large Cap in this account. Maybe add bonds if the volatility...

[PhysicianOnFIRE]

Some additional tips that may help you avoid mistakes or optimize your harvest. https://www.physicianonfire.com/tax-...rvesting-tips/

[PhysicianOnFIRE]

With your income(s), there's no reason to fear a high-deductible health plan. The most you could pay out of pocket is in the range of ~$25k if you pay...

[PhysicianOnFIRE]

This may be helpful:

• Retirement Spending: Which Accounts Come First?

[PhysicianOnFIRE]

My CityVest DLP Lending Fund came in the other day. I've gotten 8 K-1s, waiting on 2.

[PhysicianOnFIRE]

I would say No. Unless it's a debt fund. I think it was an Origin Investments webinar where this question was recently asked (might have been DLP) but...

[PhysicianOnFIRE]

While I agree that no one should blindly follow a 4% SWR at any age and expect to be fine no matter what.

The median outcome of going with...

[PhysicianOnFIRE]

All $60k in capital gains can be offset with capital losses from tax loss harvesting.

Only $3k in ordinary income can be offset annually...

[PhysicianOnFIRE]

I've read a bunch of his blog posts and listened to some podcast episodes. Quirky dude, hates taxes, really knows his stuff....

[PhysicianOnFIRE]

I made a spreadsheet to help one balance a three (or more) fund portfolio across numerous accounts. You can download it here:

[PhysicianOnFIRE]

Like others above, I expect we'll always be U.S.-based, but I envision "snowbirding" it in different international locales for a bunch of years...

[PhysicianOnFIRE]

This would give you more time to do Roth conversions after retirement and before RMDs kick in, potentially decreasing the likelihood of having an RMD...

[PhysicianOnFIRE]

I missed you by maybe a week! We were there from 3/7 to 3/14. Also stayed in El Poblado, near the metro. I wish we'd had more time there, but we enjoyed...

[PhysicianOnFIRE]

It's fine.

It's also OK to look Left.

[PhysicianOnFIRE]

For the simplicity of transferring funds to the DAF, you might want to open one where you already have your taxable brokerage account.

For...

[PhysicianOnFIRE]

I voted "I like DST" and I'm in favor of it becoming permanent -- no more changing the clocks after next year's spring forward if legislation...

[PhysicianOnFIRE]

I've made quite a few passive real estate investments over the past 4+ years now.

5 have gone full circle, about 10 are ongoing. Returns...

[PhysicianOnFIRE]

That post is live now: https://www.physicianonfire.com/bett...-advised-fund/...

[PhysicianOnFIRE]

Larry Ragman I've got a post coming out on Tuesday from them to coincide with the launch of their investment options.

They'll be offering...

[PhysicianOnFIRE]

My personal no-show rate is 100%.

As in, I show up to work 0% of the time.

Cheers!
-PoF

[PhysicianOnFIRE]

I like your plan, and you are correct on the upper limit of DAF giving being 30% of AGI when donating appreciated assets. Like jfoxcpacfp mentioned, it's...

[PhysicianOnFIRE]

They all suck!

Honestly, I think most of our readers go through a certain life cycle with blog reading. They discover a personal finance...

[PhysicianOnFIRE]

That's amazing!

Makes a tech career look more appealing than a medical career for my boys (who are far from all grown up at 11 and 13)....

[PhysicianOnFIRE]

Yes -- they prefer investors with at least $50k to $100k. Most deals are set up in a way that limits them to 99 investors. So $10k to $20k is generally...

[PhysicianOnFIRE]

I didn't know Glaucomflocken's back story (I do know), and I responded politely to the tweet, which mischaracterized Jim's advice, correcting the assertion...

[PhysicianOnFIRE]

Knock yourself out....

[PhysicianOnFIRE]

Multiply the number of houses and millions by 2, but yes, I agree....

[PhysicianOnFIRE]

Every Friday, I syndicate a post (with permission) that was among the most widely read articles shared in a recent Sunday Best. The readers vote with...

[PhysicianOnFIRE]

You'll only miss out on $150 of it -- it phases out at $50 per $1,000 in MAGI over $400,000.

Only above-the-line deductions will help here....

[PhysicianOnFIRE]

Thanks! I found it and set up a couple of dinners....

[PhysicianOnFIRE]

It's been a rapid decline since the first trading day of the year, so the "biggest losers" will be lots purchased 3-4 weeks ago....

[PhysicianOnFIRE]

You don't cut your own hair?!? For shame! 😀...

[PhysicianOnFIRE]

Was this in an email I missed? I didn't know this existed; I recall we had one in Las Vegas....

[PhysicianOnFIRE]

I haven't followed the market super closely, but I think the S&P has flirted with a 10 drop and closer to 20% with Nasdaq.

I generally...

[PhysicianOnFIRE]

It saves you dozens of dollars in taxes the first year you do it. Sure, that can add up over time, but I think you'll be just fine with or without doing...

[PhysicianOnFIRE]

It's part of your 1040, a carryover loss worksheet....

[PhysicianOnFIRE]

Personal Capital calls it 99%. At their 10th percentile scenario, I'm still a multimillionaire in my 90s.



From the article:...

[PhysicianOnFIRE]

I'm not concerned -- that was a hypothetical based on numerous assumptions that I don't expect to come to fruition. From the post:

"If...

[PhysicianOnFIRE]

With the permission of Peds and WCI, I formatted and published it as an FAQ....

[PhysicianOnFIRE]

And now both accounts are done for 2022 & the post has been updated....

[PhysicianOnFIRE]

I've been able to complete the BDR with my wife's mutual fund IRA account at Vanguard, and I've updated the screenshots for that in the blog post, but...

[PhysicianOnFIRE]

Depends on the type of private real estate investment. The DLP Lending Fund is a debt fund that earns simple interest. It's not particularly tax-efficient,...

[PhysicianOnFIRE]

Communication hasn't been great, but we did get a Q3 update (and distribution) for the DLP Lending Fund Access Fund. The plan is to liquidate the investment...

[PhysicianOnFIRE]

And here is a step-by-step guide to donating Vanguard funds from a brokerage account to a Vanguard Charitable DAF. Let me know if you have any further...

[PhysicianOnFIRE]

I would contribute as much in as you think you can possibly handle and then add 50%.

The amount you put in that gets you over the hump of...

[PhysicianOnFIRE]

I bought I Bonds for my wife and I in November, and we'll do so again in January. That will give us $40,000 worth....

[PhysicianOnFIRE]

Don't do that.

Invest $1,000 in VTSAX. If it loses 10%, TLH into S&P 500 (VFIAX). Now you have $900 of VFIAX and a $100 loss.
...

[PhysicianOnFIRE]

That's what I use for the simple scenarios I set up with my 4 Physicians posts, No-Tax Early Retirement post, etc. It's an easy way to see the effects...

[PhysicianOnFIRE]

You can start by playing with TurboTax TaxCaster. There aren't that many inputs, but you should be able to model some different scenarios without spending...

[PhysicianOnFIRE]

There are 20 spreadsheet tabs for state and local tabs. The CPA has literally put thousands of hours in creating and tweaking this thing.

...

[PhysicianOnFIRE]

I went in on this fund with $250k, as that was the next tier with a lower origination fee. That was a year and a few months ago. I happened to get in...

[PhysicianOnFIRE]

I do it at the end of the year when I have a good idea of what my AGI will be. The IRS limits donations of appreciated shares to 30% of AGI, although...

[PhysicianOnFIRE]

I'm pretty sure every major cruise line does (except for kids < 12 and that will soon change to <5).

Our Royal Caribbean cruise required...

[PhysicianOnFIRE]

Depends on what you want in terms of rewards. You can go with straight cash back, flexible points, specific travel rewards, etc...

The Chase...

[PhysicianOnFIRE]

Carl's point wasn't about investing.

He led with that, but it's a piece that focuses more on "taking chances" in life like talking...

[PhysicianOnFIRE]

When CVS and Walgreens offer rapid tests (and/or PCR if you prefer) at no cost at many locations, that's the route I would take. As long as you can check...

[PhysicianOnFIRE]

We did finally fill up every slot -- took about 3 days, but I'm happy to report that 193 reader requests (and 50-some site sponsor requests) have been...

[PhysicianOnFIRE]

I always donate whatever has the highest percentage gain. In your case, it's the mutual fund.

As FIREshrink points out, you can always buy...

[PhysicianOnFIRE]

Bewilderingly, after 48 hours, 12 $100 grants remain up for grabs!

[PhysicianOnFIRE]

We now have 8 volunteers to fulfill 10 grant requests.

2 more and we'll make 250 donations of $100 each!

[PhysicianOnFIRE]

I will be there! Looking forward to the event, as always....

[PhysicianOnFIRE]

We've got a total of 5 volunteers thus far. Would love to have a few more!

[PhysicianOnFIRE]

You can do it for 2021 before the end of the year.

If Build Back Better takes it away, you'll want to have the conversion done before the...

[PhysicianOnFIRE]

Last years' post: https://www.physicianonfire.com/give-100/

[PhysicianOnFIRE]

... to make 10+ grants to causes suggested by readers.

For the past several years, I have published a post on or around Giving Tuesday,...

[PhysicianOnFIRE]

Yes, all courses, inluding FYFA are 10% off with code CFE2021

FYFA in action:...

[PhysicianOnFIRE]

Fixed it. 😀...

[PhysicianOnFIRE]

Sounds similar to DLP's Building Communities Fund, which will also be ground-up development. https://dlpcapitalpartners.com/dlp-b...g-communities-...

[PhysicianOnFIRE]

Thank you for the positive and negative feedback, Bev.

On my own blog, I keep things mostly PG, but I do occasionally link to some that...

[PhysicianOnFIRE]

My solution has been to have DAFs with both Vanguard and Fidelity.

Donate VTSAX (or whatever Vanguard fund) to Vanguard DAF and then make...

[PhysicianOnFIRE]

This offering resembles stock in the same way that Rodgers' immunization attempt resembled a vaccine.

[PhysicianOnFIRE]

Neurologist -- fixed it....

[PhysicianOnFIRE]

You guys are right. I did $10k per kid per year for a few years when we moved to MN and got a minimal deduction. When in MI, we've typically done $10k...

[PhysicianOnFIRE]

With O+ blood and a Hgb that usually runs in the 16 to 17 range (I swear I'm not a smoker!), I tend to give on a fairly regular schedule.

...

[PhysicianOnFIRE]

Definitely go with MIsaves. Put in $10,000 and save $425 per year on your state income taxes. The funds offered by TIAA have very low expense ratios --...

[PhysicianOnFIRE]

Correct-- we can only count on the 7.12% for the next 6 months. As I pointed out, the variable rate (based on inflation / deflation) that goes into the...

[PhysicianOnFIRE]

The intent is to have something for everyone. Next week, I've got a Post FI notes from a working physician with a net worth in the $50 Million range....

[PhysicianOnFIRE]

I just scheduled my first $10k and will do the same for my wife. Will likely do so again in January.

I'm slowly withdrawing from my bond...

[PhysicianOnFIRE]

3 of them, to be exact!...

[PhysicianOnFIRE]

Tax loss harvesting, liquidity, 0% cap gains bracket in retirement...

But I will always do the backdoor Roth if the government will let ...

[PhysicianOnFIRE]

I came here to say this. If your state gives you any tax benefit, and you can't carry forward any overage (which I would guess is the norm), then you...

[PhysicianOnFIRE]

Our boys just turned 11 & 13. We keep waiting for them to want to sleep in, but it hasn't happened yet. They're usually awake between 6 and 7, but...

[PhysicianOnFIRE]

If it's in an account from an old job, I would suspect that might be a 401(k) or 403(b) or other tax-advantaged account. If that's the case, you've got...

[PhysicianOnFIRE]

You can always ask a question like that in the comments. The interviewees have been pretty good about answering readers' questions....

[PhysicianOnFIRE]

It's not mine, but this is a thorough list of TLH partners: https://physicianfinancebasics.com/t...ting-partners/...

[PhysicianOnFIRE]

Starting a blog about money won't improve the situation....

[PhysicianOnFIRE]

In general, it's a good idea to reinvest, but money is fungible, so once you've been issued the dividend, only reinvest if you have no better use for...

[PhysicianOnFIRE]

Yeah, that makes zero sense.

Not only does holding those assets in a tax-advantaged account negate the purported tax advantages of those...

[PhysicianOnFIRE]

Lithium, well, that's all fair.

I can't personally imagine spending $200k on any type of club or membership. I also wouldn't choose to spend...

[PhysicianOnFIRE]

This is the first I've heard about whole life insurance being recommended or sold by DLP, and I didn't catch the webinar. Until recently, the minimum...

[PhysicianOnFIRE]

The RE in FIRE stands for Retire Early.


Regarding timelines and actuarial outcomes, I like Flowing Data's visual simulation featured...

[PhysicianOnFIRE]

A muni bond fund would do the trick.

You could also hold bonds in tax-advantaged accounts. If you had to sell stocks from taxable when they're...

[PhysicianOnFIRE]

Dilution will depend on how the company chooses to approach it. This article goes into some detail.

I invested in Republic with a SAFE note...

[PhysicianOnFIRE]

The plan is for these to be written Q&As. If I ever were to start a podcast, I could entertain the idea of bringing interviewees back for an audio...

[PhysicianOnFIRE]

I'm the first person (and only thus far) to say that I'd be coming come ************************ or high water. As a speaker, I have that obligation. As a northern Michigander,...