Musk, Twitter, and capitol gains within VTI

[runfast00]

“Capital gains”. Poor spelling on my part....

[runfast00]

So what happens to my VTI that holds Twitter if it is privately bought out? Is that passed off to capitol gains?...

[runfast00]

According to popular opinion on this thread, I live everyday in the 'grey zone'.

However, I understand others may have feelings that are...

[runfast00]

I'm in a small town. If I didn't hire my patients I would have no local options: contractor, accountant, banker, city council member, insurance sale...

[runfast00]

Regulations are state specific I could give you advice but only applies to the state I practice in

[runfast00]

Yes, my SIMPLE originated in 2011 [>2 years ago]. I make the balance 0 on 12/31 by EITHER Converting it to Roth and paying the tax OR rolling into...

[runfast00]

Kitces has some 'out there' ideas. I follow him on twitter and it seems like a lot of things like this are more click-bait. If you can sift through...

[runfast00]

Our group private practice has had a simple because it was the best for our situation. We are looking into moving into a 401k for 2023, however to be...

[runfast00]

I didn't think I could do BDR since I am self employed for my main gig and have a SIMPLE [convert it all to Roth before Dec 31 using pre-existing Roth...

[runfast00]

I planned ahead for all of this, but I was just surprised how much cash left my bank account today...
A) 529 for both kids (15k each)
B) 2021...

[runfast00]

I was wrong. I didnt understand 30 days prior to trade too.

I find it hard to do a tax loss harvest as I buy vti at least once a month per...

[runfast00]

Assume that I tax-loss harvest according to IRS rules:
Sell a stock and don't repurchase it for >30 days in all my accounts
Don't buy...

[runfast00]

Ive got a couple of young kids that will make less than 2200 in 2022 and pay no tax.

I also want to take advantage of the 7% interest rate...

[runfast00]

It is dangerous to comment on proposed legislation - so here I go:

- Based on the document posted you can still do ROTH conversions after...

[runfast00]

Thank you spiritrider - I see my error. AGI Form 1040 line 11 minus [standard or itemized] for determining QBI phase out.

The QBI calculation...

[runfast00]

I plan to do Roth conversion up to 2021 MFJ 32% tax bracket [$326k].

However, I am in a partnership that qualifies for QBI. For 2021 the...

[runfast00]

In the past I used Vanguard PAS for all my retirement accounts, last year I pared PAS services back to a single Roth account. I continue to manage the...

[runfast00]

vanguard sent out a notification about a new feature with PAS. It looks like that if you sell stock and in the next 30 days you are set to be rebalanced...

[runfast00]

In taxable my minimum investment is $5k. Most months that is a bimonthly draw. It all depends on cash flow, estimated quarterly tax payments etc....

[runfast00]

For some reason I think that I can 'time the market' and buy when the price is low.

So twice a month, I transfer several thousand dollars...

[runfast00]

I used Vanguard PAS services exclusively for retirement accounts from about 2018 until this year. Fee of 0.3 AUM. They helped me with getting out of...

[runfast00]

I think masks should be a part of universal precautions, just like wearing gloves when you are exposed to blood or fecal matter.

A couple...

[runfast00]

Yes, they help for respiratory diseases.

For the similar reasons I always wear a glove when I do a rectal exam.

[runfast00]

PEDS

Too Hatchet Interviews

[runfast00]

If I have a PA that is not going through, I do the peer-to-peer on speaker phone with the patient present. I remind the physician on the call that it...

[runfast00]

Zero.
I have never had DI and 10 years into practice I don’t regret it. But I don’t advise other to do as I do....

[runfast00]

25 percent international of total equities....

[runfast00]

I guess I didn't make my self clear.

If I have an unplanned expense that exceeds budget and emergency funds, my thought was always - I can...

[runfast00]

I don't advocate this but I find it as an interesting thought experiment.

100% VTI
IF you need funds borrow against equities with a...

[runfast00]

If you give to charity, I second the DAF route.

My only single stock purchase was 4 shares of Apple in about 2009 with a basis of about $2600....

[runfast00]

Good question. I do colonoscopy/EGD in my FM practice and at a recent CME conference I heard that in England those 'simple' procedures are now being...

[runfast00]

10 years in private practice FM.

I wouldn't do it again. FM is so broad and practice creep with mid-levels. The financial liability isn't...

[runfast00]

I never wanted an electric car more than I do now.

https://www.ford.com/trucks/f150/f150-lightning/2022/

On top of being electric...

[runfast00]

I asked my accountant about that yesterday and he said it could wait until May 17

[runfast00]

And also talk me out of funding a 529 today when I am in a high tax bracket. If I don’t use it on education a withdrawal is subject to income tax plus...

[runfast00]

I am self employed in private practice partnership and I take CME and the practice reimburses me.

If I started a 529 for my future CME and...

[runfast00]

Excellent, thanks. This is harder than it looks. I need to change my dividends from re-invest too

[runfast00]

I understand that if you have an asset that loses value (eg VTI) and you sell it (banking a loss) and then the same day purchase “not substantially...

[runfast00]

My wife and I went with no disability coverage. About 10 years out of residency and nearing FI we are happy with the decision.

Ignorance...

[runfast00]

Peds. You are correct. I made a timeline error

***corrected
net worth zero 10 years ago
5 years ago medical school loan forgiveness...

[runfast00]

The nice thing about achieving goals is choosing new ones to attain.

My next financial goals [these are more long term than my prior]:...

[runfast00]

I go the second gen SE last spring. Wife got the 12 mini this month. I like the smaller size phone. Have been upgrading about once every 4 years since...

[runfast00]

I have a private practice and am a hospice medical consultant on the side . With my 1099 income I have a SD401k from mysolo401k. Works great....

[runfast00]

The original bogleheads thread was folded into this one:...

[runfast00]

About 2 years ago I started a SD401k with E*TRADE through mysolo401k. I’m quite happy with the ability to do post tax Roth conversions.
...

[runfast00]

My wife and I are both physicians (she works part time). We did $1M each 20 year term starting at about age 32. We are almost 1/2 way through the term...

[runfast00]

DLP sounds like a good company. I'm thinking about a 100k investment in their real estate fund.

An investment for me would represent <8%...

[runfast00]

20% max bonds was a number I had in my head but I have no scientific data to back that up

[runfast00]

I have a general question about asset allocation: I understand you want to take less risk as you get older or lose the ability to generate income -- so...

[runfast00]

Thanks Larry for the book recommendation.

99 cents on Amazon. What a value for the information!

[runfast00]

I’m going DIY. In my investments I was 100% DIY until I did Vanguard Advisors starting a year ago for about half my portfolio.

With estate...

[runfast00]

https://bogleheads.podbean.com

I didn't include a link

[runfast00]

After the WCI Podcast, this is my second favorite podcast. This month's episode is another good one covering a topic I am interested about this year:...

[runfast00]

I have been thinking more about my DAF (donor advised fund) recently and it struck me that my DAF is a model for retirement. Let me explain...by way...

[runfast00]

I thought it was the best podcast I have listened to recently. I like both Rick Ferri and Paul Merriman and have listen to other podcasts they have been...

[runfast00]

Even if you have multiple locations on your primary job you can deduct mileage....

[runfast00]

G I don’t think the law says anything about if you need a car >6000 lb gvw. Is said if you use.

I do disagree on a call back to the...

[runfast00]

I am considering buying an F-150 (gvw > 6000). I am in private practice with a partnership. I do 1099 side gigs of nursing home and hospice work....

[runfast00]

We have a SIMPLE IRA at our private practice. Although it is not a great option, it is something.

I do some side 1099 gigs and have an...

[runfast00]

0%. Paid off in 2019. We are just under age 40

[runfast00]

WCI (Jim Dahle) was the guest for Rick Ferri on my second favorite podcast "Bogleheads on Investing"

Great overview of many financial...

[runfast00]

Correction: If I cash it out it WOULD be taxable income....

[runfast00]

I'm considering cashing out my whole life policy started in 1993.
Amount $25,000
Current age: late 30s
Cash out Value: $3500
Annual...

[runfast00]

Apparently I failed at linking the article

[runfast00]

[runfast00]

I have all my brokerage and retirement assets with Vanguard EXCEPT my side gig 1099 i401k that I placed in E*TRADE because they accepted incoming roll-overs....

[runfast00]

I assume you already used Mike Pipers free calculator at https://opensocialsecurity.com/

there are several free ones on the internet. However...

[runfast00]

I saw that as well. I planed to sell them sometime in 2020 but once Buffet sold some I felt better about doing it now instead of waiting until later in...

[runfast00]

I had a small number of Apple shares that I bought 10 years ago that increased 4x in value.

Today I sold near an all time high. Well actually...

[runfast00]

Late 30s.
of retirement and investment: 100% equities. About 25% international.

Real estate/medical practice is about 75% compared...

[runfast00]

Artemis. Good point. I used to give at the end of the year. But now I can spread my giving out though the year without letting year to year variation...

[runfast00]

I started a donor advised fund with Vanguard Charitable at the end of 2018. I contributed $25,000 in tax year 2018.

In 2019
Gave...

[runfast00]

0.6x

Lots of financial advantages to an average house in low cost of living area.

[runfast00]

I have been with a local medical malpractice insurance company for my entire career - about 10 years.   Never been sued, but they have been good...

[runfast00]

I practice in a small town and often the wait time on hold for peer to peer is 30 minutes so I will call the patient and have them come up to the office A...

[runfast00]

Is there a net worth where I should consider umbrella insurance?   Practice in a low malpractice state with good coverage.   In additional to ...

[runfast00]

On peer-to-peer I always ask for the spelling of the last name, NPI number, the physician speciality and if they are licensed to practice in my state....

[runfast00]

Pay of the mortgage first We finished of the last 50k of our mortgage at the end of 2018 There are few feelings better than being debt free...

[runfast00]

I started a DAF with Vanguard Charitable in 2018.  Current assets allocation is 100% Total stock market. We give "x" every year and I donated 2x at the e...

[runfast00]

Exactly, better said than me.  If everyone is only indexing will it over value the stocks in the index.   That said, I'm in my late thirties and wi...

[runfast00]

Thanks. I think I’ll take my question to the Bogleheads. And yes my personal portfolio is 80% equity all of it held in Vanguard index funds....

[runfast00]

No I’m not implying that the index fund does not hold real value. It is more a comment on two things. First, that early investors in index fund will...

[runfast00]

Stay tuned with Preet
white coat investor
Bogelheads on investing

[runfast00]

As more investors use index funds - and that includes me as I am 60% VTI - does it become a pyramid scheme IF the underlying economy is unsound. Do index...

[runfast00]

jfoxcpacpf...correct. Participation in SIMPLE for about 6 years now. Depreciation due to a lease abandement as our office moved to a new space. So ...

[runfast00]

Good call spiritrider.  I just started my individual 401k this year (2018) from side gig income.  This is my first opportunity to do a back door Roth...

[runfast00]

I think some might be in 22% tax bracket, some in 24%.  Being a physician owner in a business means you don't always know the income until Feb of the...

[runfast00]

We had an unexpected business loss (really it was deprecation that was accelerated into one tax year). It is not a cash loss, but a balance sheet loss,...

[runfast00]

We are very happy with our 2016 Sienna. We bought it this summer with 55k miles and have already put another 10k on it.  For what its worth it is 76"...

[runfast00]

Of the 10k charges, 8-9k are mostly from credit card from patients.  I think 1-2k per year is from our line of credit at 4%.   Our 30 days + AR is ...

[runfast00]

Our clinic pays nearly $10,000 per year in bank charges (people pay co-pays with Credit Card and bills with CC).   Our small town bank doesn't...

[runfast00]

We met with our accountant today for an update on the 2018 tax code changes. Background: Private medical practice structured as an LLC and we own our ...