Where to open a Coverdell Account?

[Joseph]

Asset allocation is where you need to start.  It is a personal decision. There are very successful investors who use only one Target fund as their po...

[Joseph]

Perfect. Thanks a lot for the info!

 

[Joseph]

I would come.

The skiME is not that enticing but whatevs.

[Joseph]

Took Mondays for five years because the office was closed. It was OK. Now take Wednesdays off and I find it to be a better fit for me.  Always have the we...

[Joseph]

You win the game! Congrats, it sounds like you are definitely on the right path. You made no mention of student loan debt, though... Does that exist? Stil...

[Joseph]

Thank you for the additional names, @deeppizza Any reason why you picked different places for the two children? Do you see lower fees than 529s?  ...

[Joseph]

Time to move on.

You sound hurt.

There is no need to burn bridges.

[Joseph]

Odd that you feel emotionally bad about maybe disappointing a friend who gave you a bogus contact.

You can do much better. (by yourself)

[Joseph]

No.

My wife and I do not encourage our children to pursue medicine.

[Joseph]

This change would be good to make.

Cut the cord.

[Joseph]

So I have to admit that I thought the income limitation prevented me from being able to open an account for my children, but according to WCI's latest...

[Joseph]

YYjames wrote: Docs owning their practice are Small business owners and are awesome. Click to expand... Unless you are not financially savvy and end up in the red because of an assortmen...

[Joseph]

I answered the questions previously on the main site and feel that doing locums work has had a major impact on my professional and personal life.  I...

[Joseph]

Docbeans wrote: What am I missing? Click to expand... The kids are their own business if they are mowing lawns etc.  ...

[Joseph]

You make this site a better place, Johanna.  I am glad you are here. My question revolved around your "happiness" to pay into being listed.  Since I h...

[Joseph]

Docbeans wrote: u ask your child to wash your car or mow your lawn, etc- and pay them “average and reasonable” wages  for these chores, does that count as earned inc...

[Joseph]

Some plans let you keep the money in there.  Others only give you a year or five once you part with the company. My advice is to make a rollover IR...

[Joseph]

jfoxcpacfp wrote: I’ll happily pay the $800 to be listed when the time is right. Click to expand... Is that really true?  Do you generally pay hundreds of dollars for advertising? Just wondering....

[Joseph]

Not sure why Johanna suggested to close the account (?) but you want to leave it open for next year. Regarding the process, I do it a little differently...

[Joseph]

5 more years? Nah. It will take much longer than that.  Specialists are still making big money and able to pay off school in a year.  Loan forgiveness...

[Joseph]

You find lots of good stuff.  Are you just always reading and skimming places?  

[Joseph]

The NIT is going well, WCI.

[Joseph]

I am interested in seeing what you develop as a spreadsheet, nopro!  Good luck!

[Joseph]

Burnout is real.  I know an anesthesiologist who walked away and know she writes/consults/teaches. There are lots of admin positions available especially...

[Joseph]

Yes.

[Joseph]

sarah523 wrote: We are trying to run the numbers but it is tricky- any thoughts? Click to expand... Hmmm, imagine that: Trying to game the government and the legality of marriage in order to save money is conf...

[Joseph]

Could have stayed in it but decided to pay it off instead.

They gone.

[Joseph]

Fun thread.  I have never heard the call for a physician on board.  I have treated many many people on beaches during vacations around the world.

[Joseph]

Good reality check.  I won't lie and say that I haven't been looking ahead to when my dual-physician in-laws still working at 80+ year old pass.

[Joseph]

100% conversion.  You will be ok.

[Joseph]

Yes, it sounds good.

How long are you planning to take to pay that off?

[Joseph]

What part of $1800 "sounded great" to you? You already went against the solid advice of your husband.  I am not sure what your objective in the deci...

[Joseph]

jfoxcpacfp wrote: So is your presidential research adjusted for inflation? Click to expand... Yes, it is adjusted.  Here is the link:Net wealth of US Presidents...

[Joseph]

So to bring it back to finance a bit, I was wondering "If Donald Trump won would he be the richest US President ever?"  Lucky for me, Google exists and...

[Joseph]

Negotiate for a higher salary.

 

[Joseph]

^^^^^^^^^ I like what that guy said.  *10000000

[Joseph]

I started this thread about two months ago and just wondering if the feeling has changed at all. The most responses so far have been for Hillary Cli...

[Joseph]

Look at the cost to you again.  Thousands? Ummm, probably not. Disability is important.  I don't think you should fool yourself into thinking you are imm...

[Joseph]

Nope.

I prefer long distance/ never see 'em.

[Joseph]

Matt wrote: I actually tried to look myself up and couldn’t even figure out how.  Nobody without an agenda is going to make the effort. Click to expand... Really?...

[Joseph]

pilar2100 wrote: As far as the sunshine act goes, do you all think that patients really look at that? Click to expand... Yes they do.  As do others in the community....

[Joseph]

npezda wrote: He attempted to find locums work yesterday and claimed the 3 companies he called would not provide malpractice insurance to cover him. Click to expand... If that is really the only t...

[Joseph]

American Express is good for the user for the rebates you described.  It is definitely accepted at less places than Visa/MC. I find it amazing that you ha...

[Joseph]

No bueno.  

I am sorry.

Interesting that he knew about other investing strategies and chose this way over and over.

[Joseph]

anny33 wrote: Lol you mean you want to stay atleast a days drive away from your in-laws? Click to expand... Absolutely. And it is no laughing matter. And we alw...

[Joseph]

I admire you and your siblings.  It seems you have done everything right to this point. I am wondering if he has a gambling addiction.  I don't under...

[Joseph]

Family decision on this one.  Does your wife want to stay? Is the company legit or is it going to implode? For me, no amount of money would be worth...

[Joseph]

*mouth agape. Ok, I have a feeling that this thread may be stickied as the prototype on "bad doctor mistakes". Some thoughts: --Serious downsizing in l...

[Joseph]

You are a resident.  You are coming up with your retirement state idea.  There are some other steps in between.   Living in a state with no inc...

[Joseph]

Excellent job, Psyched!

[Joseph]

This is an interesting situation. Why don't you role play and ask her "What would you do with $20,000 if you got it tomorrow?"  ... and then expand...

[Joseph]

brbr122 wrote: while preserving a high quality of life during residency. Click to expand... That is really funny.  I am not sure what you are expecting but I have NEVER heard of residency as the time of a "high quality o...

[Joseph]

`I don't mingle with the foul language. It is a complete turn-off and so I spend my time elsewhere.

[Joseph]

Dicast wrote: They want to resell that electricity and make a profit. Click to expand... Unless your electricity goes to a non-profit cooperative and is expressly stated in its bylaws that it won't....

[Joseph]

Sajimone wrote: actual life time of the panels? Click to expand... The panels have a life expectancy of 50 years.  They generate 80% output at year 30....

[Joseph]

Ok... I was actually going to start a thread on this because I just made the purchase. Here are some numbers:  30% federal tax credit right off the top...

[Joseph]

It completely depends on your investing goals.  What are you trying to accomplish? What is the rest of your portfolio?

[Joseph]

mkintx wrote: I actually have a negative rate of return from last year. Click to expand... Ummm... the market is down. A negative rate is expected.   Those are not t...

[Joseph]

Without alternative offers, I don't understand why you are so sour and feel "totally taken advantage of".  Go out and find the more competitive jobs. I...

[Joseph]

Let me offer my opinion:  Cut ties with your financial guy.  What a terrible distribution of funds.  You are winning the game; just get back to basics...

[Joseph]

Nothing excites me less than talking about automobile idolatry. I just don't get it.  :roll: 2000 Chevy Suburban 2000 Honda Odyssey We had one veh...

[Joseph]

EMRes123,  good idea to start thinking about this.  First, you need to come up with your investing plan. The things you are realizing and thinking ab...

[Joseph]

travismoola wrote: no income tax state, so I’m assuming you discount the rvu number Click to expand... No. That is not correct at all.  But if you want to sell yourself short......

[Joseph]

I paid off student loans very aggressively.  In fact, it was the topic that led me to meeting WCI (EmergDoc) when he commented on the thread on Bogleheads....

[Joseph]

Just wondering philosophically here at the dinner table tonight, does giving to others help us with our financial planning or does it serve as a stumbling...

[Joseph]

travismoola wrote: Joseph, is that $80 RVU figure for private practice or with an academic hospital system? Click to expand... You should realize that rvu's are highly dependen...

[Joseph]

Interesting to look at the numbers that way.

[Joseph]

That is very low.  You need to give more information but RVU reimbursement rates of $80 per are what I look for along with a solid basepay and benef...

[Joseph]

wideopenspaces wrote: told me I’d taken a man’s spot who would work full time after I shared that I planned to work part time. Click to expand... Are you a female, by the way? And do you --i...

[Joseph]

lorilou wrote: that’s a waste. Click to expand... Interesting feelings shared there, lorilou, with your first post. Do you feel there is an obligation to work a certain length of time? ...

[Joseph]

Yes, this is definitely a strategy discussed by WCI.

[Joseph]

And....another lump in my throat, for another reason altogether.  Oh my goodness. Thank you for sharing and giving perspective, hatton1.  ...

[Joseph]

Thanks for keeping it real, Johanna.  Your humility puts a lump in my throat. I am glad that you have gotten serious with your investing strategy! :...

[Joseph]

He shares some of his upcoming engagements.  You could also ask him. I know the one in Arkansas is open to the public. I saw him in Missouri and he ...

[Joseph]

There are 118 plans to choose from.  They are not all created equal.  Make sure to pick a good one!! How? 1. If you get a tax break in your state...

[Joseph]

AlexxT wrote: Your lost vacation time is usually much greater that the  value of the “gift”, which you probably didn’t want anyway. Click to expand... I strongly...

[Joseph]

Winkleweizen wrote: All my ex girlfriends were pretty costly. Click to expand... But much less so than an ex-wife (I hear)....

[Joseph]

How much is left on the mortgage (time and money)?  There comes a time to just pay it off.

[Joseph]

And a High Five to you too, nyu04.  

Echo. Echo.

[Joseph]

Not military, but yes it is a crazy thought.

It is crazily overthought, imo.

[Joseph]

Rex,

Did you break all ties?  Cancel the whole policy?

[Joseph]

Zaphod, my Brother! High Five to you for not making my Friday suck so bad.  Just kidding...a little.  *smh I appreciate you sharing and not making ...

[Joseph]

Good luck.  Hope you got a good offer.  Our hospital is offering a urologist position $850k for first year if you are interested.

[Joseph]

Ooops.  It happens.  What would you consider your biggest financial blunder...one that you have corrected or at least realize is no bueno and will be...

[Joseph]

It is very common.  I would estimate about $25,000.  It depends on your policy limits and company and specialty, obviously.

[Joseph]

jfoxcpacfp wrote: I paid for 4 years of college, not at lavish institutions and told them anything beyond was on their own. They weren’t spoiled and they are both quite suc...

[Joseph]

$20k is actually the sweet spot needed to max out another (solo) 401k.

[Joseph]

TheGipper wrote: Ha.  I can image how the audit will go.  Did you really pay your 10 year old $75/week for babysitting, housecleaning, and yardwork.?  Yes sir, I did. Cli...

[Joseph]

My wife and I just sat through a presentation on our little getaway last week (90 minutes turned into 3 hours).  The gifts did make it worth it for us...

[Joseph]

Sounds like the Vanguard screen and that you are very close to doing it right.  You can pick up the phone and call them.  Phone number in the top right....

[Joseph]

Uh-oh.  There is no other way.  It is stuck there forever.  Sorry about that.     Just kidding.  Just click "sell all and buy new shares".  Th...

[Joseph]

Look, it sounds crazy.  But there are all these programs to suit all of our individual tastes.  You are doing very well financially to this point.  What...

[Joseph]

jfoxcpacfp wrote: To answer your question, however, you are limited by the amount of earned income, i.e. must have at least $5,500 each to max out. Click to expand... Johanna, you stumbled a bit on answering this one...

[Joseph]

1. Yes. Yes, $5500 is the maximum. Probably not. 2. Yes, it is the best and simple to do. 3. It is fine to have a Target Fund if it fits your investi...

[Joseph]

$10/month. 24 hour access.

Mostly for showers when the electricity and water is out.

[Joseph]

Kon Litovsky wrote: There may be some plans Click to expand... No, there ARE plans that allow you to choose the time frame.  And there are plans that are set at ...

[Joseph]

My friend, a sought-after specialist, came to a hospital job and successfully negotiated $300k in student loan debt paid off in full on 3 yr contract. I...

[Joseph]

It is possible.  Seems a little bit early since it feels like more of a "forced switch" rather than your own choice.  You should take what you value...

[Joseph]

tdoc wrote: Could somebody please expound on $100 health insurance premiums? Click to expand... Benefit of being an employee. Covers the spouse and all the kids. Also the reason for $0 ...

[Joseph]

Kon Litovsky wrote: If you contribute into a non-governmental 457 plan, you will HAVE to take a distribution of this money over the following 5 years after ...