Optimizing health insurance cost

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Crypto sounds real legit lol....

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Because you will eventually own lots of ETF/MF of differing cost basis. When you start a brokerage account it's simple: sell 100%. Buy 100%.
...

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You don't want your funds to automatically reinvest. For example if you still held a position in VTSAX and there was a dividend 30 days after 2/25 then...

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Website you can compare:

https://www.dinkytown.net/java/arm-v...-mortgage.html

Fixed after 10 years:
Interest:...

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Need to know your specialty. Look at the average salary your specialty earns. Use that as your base salary....

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Buy a used or refurb shuffle on ebay....

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If it was that easy to determine whether the market is overvalued active would be trouncing passive.

You can look back to 2016 with 20/20...

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https://www.investopedia.com/article...d-meltdown.asp

“The Reserve Primary Fund only held 1.5% of its...

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It doesn't seem low risk to me...

"Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg"
https://www....

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Dec 2021- $8.6m
May 2022- $7.9m

Mint includes your home estimate. Otherwise it would have been a sharper drop.

They keep...

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Look at the length and distance of the noncompete. One year is typical. More than one year is a red flag. Distance typically 5-25 miles. Look at potential...

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Heard WCI mention on a recent podcast that you have to hold a stock for 60 days for it to be qualified dividend. TLH too often you could end up with higher...

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Huge variation in PAs and NPs when it comes to their training/former career background/attitude. Group has a former nurse who became a NP and the IR docs...

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At the time of the buy-in you should be presented with a written valuation by the group's CPA. You should be able to discuss the details with that CPA....

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VG lists the US market cap as 77/14/9 large/mid/small.

Putting 50% in mid cap seems like an odd tilt....

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I have some upcoming medical expenses in the 2nd half of 2022 and it's almost time to pick my health insurance plan for 2022-23. I have several options...

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I recently saw a new PCP. I've used Epic for years but this is the first time I've used it on the patient side through MyChart.

My mind was...

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Amazon is $4 more than WCI but the free shipping makes it $3 less and likely arrives at my doorstep sooner.

I normally buy the Kindle version...

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Instead of buying more auto coverage (you have plenty including umbrella) I would get more long-term disability. As a doc you can easily cover the out-of-pocket...

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529s looking good.

Methodically replace NWN.

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I think you summed up the rationale why it's not going to happen.

Financially responsible individuals don't need a bailout.

...

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https://clark.com/credit/credit-freeze-and-thaw-guide/...

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It's one of the most effective ways of preventing a criminal from taking out loans in your name.

Equifax makes it easy with their LockandAlert...

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What outstanding items have you not submitted for your hospital credentialing? Hopefully the answer is none.

You don't want to WoT either...

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Depends on how the group is run and the people you work with. A well-run group composed of highly motivated partners in theory should do well.
...

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Couple of thoughts:

1. Has the buy-in calculation methodology changed in 3 years? If so that's a red flag.
2. Has the group undergone...

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It's not that unusual for people to move over weather. I lived in Wisconsin for 3 years as a kid and I don't like that much snow.

Take your...

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Don’t have one lol. I paid a small deposit in late Feb 2022. The sales guy guesstimated winter 2022....

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I ordered a BMW IX. I was going to get the Tesla Y but it didn't do anything for me on a test drive.

Now I'll have to work another year for...

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The NEMJ article on the 2nd booster is lukewarm. I'm holding off until there is a stronger data to get another booster.

Masks are futile...

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I used to have an assigned Flagship rep a couple years ago. I never spoke with him and he disappeared off my VG account. Now no rep is listed.
...

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Gross. UVM is in Bernie's backyard....

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It's easy to get replacement parts for a Weber. I've replaced the flavorizer bars (corroded), switched from porcelain to stainless grill grates, burners...

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If the buy in and buy out formula have been unchanged for years then it's consistent. It may not be the most accurate valuation but can you complain it's...

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Neg. The world is ripe with strongyloides.

It’s a culture and cleanliness thing for me. It’s gross when you wear white socks, walk through...

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Take a paper towel and moisten it with some water. Wipe it on the hard surface floor you are walking on.

You will stop wearing shoes in the...

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Do contributions once a month. Halves the numbers of lots you have to manage if you want to tax lost harvest.
If you have substantial paper losses...

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NY is VG-based. I used it along with my GA 529. Used to be a decent expense difference between the two plans however GA has narrowed the gap a lot. Now...

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TLH is not that hard to learn and do. Once you have accumulated a certain amount of TLH the value of constantly doing more TLH rapidly declines. You can...

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I'm paying $1600/year to Amica for a minivan and crossover ~3-6 years old. $250k/$500k liability/bodily injury and comprehensive with $2500 deductible....

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Sorry I don't know how I came up with the $86k number. It's $61k like you all mentioned:

https://www.cashbalancedesign.com/resources/con...

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So what is the difference between 401k w/max profit sharing vs 401k w/profit sharing + CBP? $86k vs $150k?

Assuming that's correct it's an...

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Think I saw someone going by peds12 in the WCI subreddit. Not sure if same peds....

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You need to save more. Spend less. You are almost at the halfway point of your career and you have ~$750k in net assets.

It's time for Dave...

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You do not want to buy the same mutual fund-ETF equivalent. So VTIAX = VXUS.

So buy IXUS (ishares international) instead. Schwab also has...

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I don't think it's black/white that international should not be taxable. Yes it's not as tax-efficient as US total stock but it's not bad either. Putting...

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I didn't think about the owner/employee split for CBP and PS until I was reviewing the group's 2020 CBP/PS breakdown that the previous plan actuary (he...

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It's a mixed of office staff and employed docs. The office staff are not HCE and most will want more salary. Employed docs are a mixed bag but I get the...

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An index fund strategy is not supposed to be complicated. A common tactic of FAs trying to prove their worth is to present an overly complicated portfolio....

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To clarify we would keep the 401k safe harbor. It's the amount of profit-sharing the owners would do. I was examining the profit-sharing breakdown for...

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What is the % split of profit sharing between owner(s) and employees when it's better for the owner to pay taxes and forego profit-sharing?...

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Hmm you are right for 401ks. I googled it and the only exception is if you own more than 5% of the company you work for.

For IRAs it doesn’t....

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Supposedly so older workers still working can save more:

https://www.wsj.com/articles/401k-se...22-11648583270...

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I use IXUS (ishare international ETF). Very similar to VXUS. It's 2 basis points more expensive.

I like it because the ticker symbols are...

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If your net worth is >$100m I think you are beyond saving for retirement. How many docs are worth $100m?

I don't disagree with your tax...

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I assume we are talking about the 20% tax on unrealized gains for individuals worth >$100m?

https://www.wsj.com/articles/biden-t...=s...

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Equity index ETFs are tax-efficient. So if you buy Vanguard's VTI, VOO, VB, etc they are very efficient.

Real estate index ETFs are not as...

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That's a new one. 90 days is the typical out that can be triggered by either side.

My group has done a 180 day out for one hospital. It's...

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Spiritrider is a beacon in an inscrutable swamp of IRS mumbo-jumbo....

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Yes. I get the value has gone up a lot but it fits your needs....

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I have a cheap sentry safe and you have to put desiccant inside it. If you don’t paper and other items will get wet/moldy and be ruined. I have two...

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A 3% AUM (assets under management) admin/advisor fee for a 401k would be very high.

You should be receiving an annual 401k disclosure from...

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I dunno if there is an off-ramp. Putin's Plan A was to drive tanks across the border to be welcomed by the hordes of sympathetic Ukrainians. The Ukrainian...

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$1k for a CPA. I'm in a group practice where I get a K1 and associates buy-in. My 2020 return was 70+ pages of PDF.

I've thought of doing...

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You won’t max a CBP account in 5 years. The max amount a participant can have in CBP is roughly $3m however that limit depends on age.

...

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Looking at a map I can see Putin's viewpoint if real life was a game of Risk. Poland, Czech, Croatia, Hungary, Estonia, Latvia, Lithuania, Bulgaria, and...

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The US has never directly engaged Russian forces in large-scale combat. Both use proxies in prior conflicts.

If the US did send in boots...

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We need another blog post for the comments. I think a lot of people are confused how the deduction works. They assume if they have X worth of business...

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If you are going strictly on odds it’s best to lump sum. But dollar cost averaging is ok if it’s better peace of mind.

Charles Schwab...

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So you want to buy high?...

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The advantage of the 529 is tax-free gains. If you don’t invest the account aggressively then your potentials gains are small.

High-income...

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I thought Biden was supposed to be the senile one.

Someone tell Putin it's 2022 and not 1982.

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You need a lawyer in your area that is specialized and/or handles non-competes. He/she can look at your contract and give you an opinion on the odds of...

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ETF - expense ratio- index tracked

SCHB- 0.03%- Dow Jones U.S. Broad Stock Market Index
VOO- 0.03%- S&P 500
VV- 0.04%- CRSP...

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Very interesting. Going to email my CPA.

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Yes the cost basis of the fund was reduced. The problem is the size and lack of warning of the LTG.

The institutional money is in tax-deferred...

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The lender is only going to lend up to what the house appraises for. If the house appraises under your home offer what are you going to do?
...

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Yes I would stop putting money into the VG target funds and start putting in money into VG ETFs for your brokerage account.

VTI (US total)...

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Finally sold my wife’s TDF in her brokerage account. Had been putting it off for years but I’ve harvested plenty of losses from Covid. Time to use...

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Found Livafi's blog post very interesting. Couple thoughts ran through my mind as I read:

1. If he had worked longer instead of lean-FIRE...

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I listen to Clark Howard for years before finding WCI. Clark has always hated debit cards as a payment method:

https://clark.com/persona...

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If you pay off a CC debt in full every month it's 0%. That is the only way I have used CC.

The Amazon CC is a no-brainer if you are a Prime...

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Our group pays for an IT guy but it's a lot larger and we have our workstations that go to multiple hospitals. A lot more complicated setup.
...

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Most med students get little to no exposure to mammography. It's worth spending a day shadowing a mammographer and see if it's something that you would...

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It can be pretty close to an employed general rad. ~$400k base but it varies if they work full or part time and whether productivity is factored in. Depends...

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Hey don’t knock the dark room until you tried it.

Mammo and IR maybe the only two exceptions for rad. Mammo usually a decent amount out...

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What are you going to do about college? I don’t think it’s realistic to shell out $80k/year K-12 then suddenly say “ok you are on your own”. So...

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The regrets I read about the people who tried and failed at market timing are much worse than those who bought at the peak and didn't blink when the market...

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You will get a consolidated 1099 form the following Feb that will have all your gains/losses for tax purposes. I just got mine from VG for 2021.
...

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POF in the same article pointed out there are other factors to consider such as tax loss harvesting. You can't TLH in tax-deferred accounts. If all your...

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Good article. Worth a read if you have a LTD policy or thinking of getting one....

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I have 35% in international and 65% domestic. Yeah it sucks to see it chronically underperform. The day I throw in the towel is when it will have a huge...

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I would avoid having the same ETF or mutual fund in your tax deferred accounts so you don’t have to deal with this whenever you want to TLH. I use...

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https://www.irs.gov/tax-exempt-bonds...basic-concepts

“A private letter ruling, or PLR, is a written statement...

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I just finished TLH my VTI and VXUS. I could buy a Tesla with those harvested losses RIP....

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Are you a trust or tax lawyer who has gone to court against the IRS? Do you have an extensive background arguing tax and/or trust law before a judge?...

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I would take the 15 year unless the interest spread is less than 0.5%. While you would likely do better investing the extra payments I like building equity...

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It’s not $22k/year going to waste. It’s $22k vs buying a home, paying the mortgage costs/interest (deduction meaningless), home maintenance, property...

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401ks are usually set to auto reinvest. Not a bad thing since a lot of people never check their 401k and the dividends would be earning nothing in a money...

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VG total international stock one is Admiral the other is Institutional. It's similar enough that I would be uncomfortable TLH between the two. Since the...