Search found 1792 matches

by ram
Tue Apr 20, 2021 7:25 pm
Forum: Investing - Theory, News & General
Topic: Is the potential upside in munis worth the downside?
Replies: 23
Views: 2454

Re: Is the potential upside in munis worth the downside?

Many of us, especially in high tax brackets and high tax states, use munis in our taxable accounts as a relatively safe and stable investment option. The downsides of munis have been discussed in great detail and most would agree that munis (specifically national muni bond funds) are generally very...
by ram
Sat Apr 17, 2021 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage - What's the Deal?
Replies: 129
Views: 8416

Re: Medicare Advantage - What's the Deal?

My thoughts: Medicare advantage plans may be less desirable for the typical high net worth individual on this forum as compared to the average American. Medicare advantage plans would be less desirable for people who live in 2 or more locations during the course of the year. There are a lot of peopl...
by ram
Sat Apr 17, 2021 8:16 pm
Forum: Investing - Theory, News & General
Topic: “Take risk on equity side”
Replies: 58
Views: 4798

Re: “Take risk on equity side”

I interpret this as "avoid junk bonds" and I do avoid them.
by ram
Sat Apr 17, 2021 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 84
Views: 6550

Re: What Does College Tuition Really Cost?

Straight from the horse’s mouth: Harvard does not give merit scholarships. When you see the stories of students getting full scholarships to Harvard, they are need based. https://college.harvard.edu/resources/faq/are-there-any-merit-based-financial-aid-awards-harvard Correct. My daughter paid full ...
by ram
Fri Apr 16, 2021 7:22 pm
Forum: Investing - Theory, News & General
Topic: Move towards a higher stock allocation after a crash
Replies: 67
Views: 4011

Re: Move towards a higher stock allocation after a crash

Theoretically yes. I believe there is a article published in a respectable financial journal which shows the benefit of this strategy. ( Do not have it handy) I would be too scared to do this in my retirement accounts once I have no ability to make money (retired). However I have a modest size 529 a...
by ram
Wed Apr 14, 2021 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Jobs: Private Equity or Industry?
Replies: 16
Views: 2489

Re: Physician Jobs: Private Equity or Industry?

Other physicians might be reluctant to refer to a surgeon who works 2 clinical days per month. (There are many procedures where outcomes are better for high volumes)
by ram
Sun Apr 11, 2021 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice - College selection - Premed
Replies: 51
Views: 3023

Re: Seeking advice - College selection - Premed

My daughter saved money by attending the in state flagship school (UW , Madison) instead of Johns Hopkins for undergrad. She is currently a physician.
Less than 5 % of the premed class went on to get the MD degree.
by ram
Sun Apr 04, 2021 9:26 am
Forum: Personal Consumer Issues
Topic: Curious about negative expat experiences -- why don't more people do it?
Replies: 111
Views: 10765

Re: Curious about negative expat experiences -- why don't more people do it?

I worked overseas for many years. Employers only pay for expat assignments when they can not get an appropriate employee locally. There are no expat assignments available for janitors. (explains the low numbers) I have worked in the Persian gulf and south Asia. The bad: Heat. Wife hated it( Persian ...
by ram
Sat Mar 27, 2021 6:20 pm
Forum: Personal Investments
Topic: Head start on retirement home
Replies: 10
Views: 1486

Re: Head start on retirement home

You have 35 X. If you spend an eighth of it on a retirement home you will still have about 31 X. I see no reason not to purchase it assuming you are willing to take on the additional work of managing 2 properties. Also after the transaction I will call the investment portfolio 57: 43 AA ( perfectly ...
by ram
Fri Mar 26, 2021 9:53 pm
Forum: Personal Investments
Topic: If I can be in equities when I’m in my 20s and 30s why shouldn’t I hold all equities until the day I die?
Replies: 72
Views: 6692

Re: If I can be in equities when I’m in my 20s and 30s why shouldn’t I hold all equities until the day I die?

BroadAndPattison wrote: Thu Mar 25, 2021 1:44 pm Why shouldn't I hold all equities.
You can. Some people do. For the average retiree the swings in the account balance are unpalatable. Sleep is not peaceful.

An unpalatable, sleepless retirement is not a good retirement.
by ram
Fri Mar 26, 2021 9:41 pm
Forum: Personal Consumer Issues
Topic: High ranked Univ with liberal arts major or lower ranked school with STEM major
Replies: 121
Views: 8314

Re: High ranked Univ with liberal arts major or lower ranked school with STEM major

My daughter went in the other direction.
From engineering school to Biology major. There was no problem in doing so (U Wisc, Madison). Going in the opposite direction would have been more difficult.
Was able to graduate in 3.5 years. Would have required 4 yrs for Engineering school.
by ram
Sat Mar 20, 2021 3:14 pm
Forum: Personal Consumer Issues
Topic: Natural gas, tank water heater. Which brand?
Replies: 26
Views: 1927

Re: Natural gas, tank water heater. Which brand?

Thanks everybody. Will let the plumber pick the brand but will go with the higher level model.
by ram
Fri Mar 19, 2021 9:27 pm
Forum: Personal Consumer Issues
Topic: Natural gas, tank water heater. Which brand?
Replies: 26
Views: 1927

Natural gas, tank water heater. Which brand?

My 10 year old Reliance brand tanked natural gas water heater has a slow leak and I have decided to replace it. The current brand was what the prior owner had installed and I replaced it under warranty 10 yrs ago (paid plumber cost). I am asking for recommendations for reliable brands. I am likely t...
by ram
Sat Mar 13, 2021 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Wife just crashed her car into mine. Tips on handling insurance?
Replies: 55
Views: 6872

Re: Wife just crashed her car into mine. Tips on handling insurance?

I know a body shop that has an insurance paid rate and a lower cash rate. One has to pay the deposit in advance for the parts required.
Self pay may be cheaper for you.
by ram
Thu Mar 11, 2021 12:05 am
Forum: Personal Finance (Not Investing)
Topic: I suspect stolen identity
Replies: 16
Views: 1953

Re: I suspect stolen identity

Thanks everybody.
Filed fraud report at the state website. Got a generic Email saying they are backed up and will get to it.
Credit file checked. All good. Will do the rest.
by ram
Mon Mar 08, 2021 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: I suspect stolen identity
Replies: 16
Views: 1953

Re: I suspect stolen identity

I have lived in Wisconsin for last 15 years. I have never lived in Kentucky. Today I got a letter (snail mail) from : Team Kentucky, Kentucky labor cabinet, Office of unemployment insurance, 500 Metro St, 4SC Frankfort, Kentucky 40601. The letter says I am eligible for unemployment insurance of abo...
by ram
Mon Mar 08, 2021 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: I suspect stolen identity
Replies: 16
Views: 1953

I suspect stolen identity

I have lived in Wisconsin for last 15 years. I have never lived in Kentucky. Today I got a letter (snail mail) from : Team Kentucky, Kentucky labor cabinet, Office of unemployment insurance, 500 Mero St, 4SC Frankfort, Kentucky 40601. The letter says I am eligible for unemployment insurance of about...
by ram
Mon Mar 08, 2021 8:45 pm
Forum: Investing - Theory, News & General
Topic: Regression to the Mean
Replies: 46
Views: 3855

Re: Regression to the Mean

Reversion to the mean: Stocks that go up eventually come down. Stocks that go down eventually go up. Example : S&P 500 index is supposed to give you 10% returns (nominal). From 2000 to 2010 it gave only about 1% per annum. So one could expect in 2010 that it would give 19% p.a. from 2010 to 2020...
by ram
Sun Mar 07, 2021 2:23 pm
Forum: Personal Investments
Topic: Roast me! ER doctor portfolio
Replies: 128
Views: 13721

Re: Roast me! ER doctor portfolio

I would recommend physicians on this site to continue mentioning that they are physicians when asking financial advice. On this finance related website once a poster mentions that he is an MD it immediately gives the following data applicable to the vast majority of candidates. - Delayed start to an...
by ram
Sun Mar 07, 2021 1:56 pm
Forum: Personal Investments
Topic: Roast me! ER doctor portfolio
Replies: 128
Views: 13721

Re: Roast me! ER doctor portfolio

You mentioned: MFJ. Based on retirement accounts both of you are likely working. (At least) One spouse is making a very high income and the income from both spouses is being taxed at a very high rate. If one of you is making a relatively lower income then review the gross hourly rate of the lower ea...
by ram
Sun Mar 07, 2021 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Coast to retirement jobs late 40s medicine
Replies: 37
Views: 4161

Re: Coast to retirement jobs late 40s medicine

I know of some physicians who made the following change and are mostly happy with it. Baseline: Full time. Salary 250 K. (as an example) Employer specifies to see patients from 8 am to 12 noon and 1pm to 5pm in 10 to 20 min slots. Doing paperwork and documentation during lunch hour and 5 to 7pm. Pos...
by ram
Sun Mar 07, 2021 10:16 am
Forum: Personal Consumer Issues
Topic: Becoming a Plumber
Replies: 72
Views: 7195

Re: Becoming a Plumber

When anybody asks me about a career change suggestion, I suggest a health care related job. Almost always there is a well paying job waiting at the end of the training in almost any part of the country. As a pilot you already have the "safety first" mindset. I do not know anything about pl...
by ram
Sat Mar 06, 2021 8:01 pm
Forum: Personal Investments
Topic: Is my Financial Advisor's advice sound?
Replies: 69
Views: 6631

Re: Is my Financial Advisor's advice sound?

Suggest that you will pay her 50% of the difference in FAGAX (Fidelity Advisor Growth Opps Fund) and S&P 500 index fund as her advisory fee. Over last 10 years that would have been: 0.5 ( 23-13%) =5% per year. If the FAGAX fund makes less than S&P then she earns no fees from you and she refu...
by ram
Sat Mar 06, 2021 4:19 pm
Forum: Personal Consumer Issues
Topic: Cosmetic / Plastic surgery - advice please
Replies: 28
Views: 4460

Re: Cosmetic / Plastic surgery - advice please

I assume that you know that this is going to be an out of pocket payment surgery. There would be 2 broad groups: 1. Private groups who aim to maximize profits and do only cosmetic (self pay) surgery. They are typically not interested in doing (insurance paid) corrective plastic surgery such as surge...
by ram
Wed Mar 03, 2021 6:28 pm
Forum: Personal Consumer Issues
Topic: Airport lounges
Replies: 24
Views: 3186

Re: Airport lounges

Chase sapphire for you and the wife.
Net cost 300/year.

2($450-300)

Added: I stand corrected as noted below. My wife and I are still paying the old rate.
by ram
Wed Mar 03, 2021 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Urgent Care bill - does this seem high?
Replies: 44
Views: 2505

Re: Urgent Care bill - does this seem high?

jibantik wrote: Wed Mar 03, 2021 4:28 pm Welcome to the USofA
For those $300 you also now have the right to sue for a million dollars if you perceive your care to be less than satisfactory.
by ram
Thu Feb 25, 2021 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can I Afford?
Replies: 27
Views: 2729

Re: How Much House Can I Afford?

1.3 million.

Need 60K. At 3.33% withdrawal rate you need 30 times that = 1.8 M.

3.1M - 1.8 M = 1.3 M

(SS not considered but if considered the 1.3 M number for housing will only go up.)
by ram
Thu Feb 25, 2021 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: The challenge of having a choice: coast or take a risk?
Replies: 26
Views: 2081

Re: The challenge of having a choice: coast or take a risk?

Background : I took a 60% pay cut when I voluntarily left this employer. Current position : base pay, low 100’s + 15% bonus + eligible for very minor pension at 55 New position : base pay would be 40% increase from current base + 20% bonus + RSU’s + Mega Backdoor Roth (and a whole load of other tec...
by ram
Tue Feb 23, 2021 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Input for Selling a Medical Practice
Replies: 9
Views: 844

Re: Input for Selling a Medical Practice

climber2020 wrote: Tue Feb 23, 2021 10:22 am Another good place to ask this question is Sermo. It's a private social network site restricted to physicians. When I was researching buying into a practice several years ago, the advice I got there was immensely helpful.
+1. You need to give your licence number to register
by ram
Tue Feb 16, 2021 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Helping my nephew out of his rut
Replies: 94
Views: 11836

Re: Helping my nephew out of his rut

He is on the right track. Getting motivated during this epidemic has been challenging for many people.
by ram
Mon Feb 15, 2021 7:21 pm
Forum: Personal Consumer Issues
Topic: Busted water pipe, now what? Help a Texan out.
Replies: 187
Views: 14253

Re: Busted water pipe, now what? Help a Texan out.

All of the inside faucets had been dripping for 2 days. I didn't drip the outdoor ones. Is that where I went wrong? I was wondering if we are risking even more damage TONIGHT, when it's supposed to be in the teens since we CAN'T drip our indoor faucets, because I turned the water off. That's my que...
by ram
Sun Feb 14, 2021 4:06 pm
Forum: Investing - Theory, News & General
Topic: Fidelity retirement planner accurate ?
Replies: 39
Views: 6481

Re: Fidelity retirement planner accurate ?

I was playing around with the simple version and was interested to see that assuming 10 years left to retirement and 30 years in retirement it suggested I was best off with only about 20% equities. That seems lower than I expected — for instance Fidelity’s own 2030 freedom (lifecycle) fund is over ...
by ram
Sun Feb 14, 2021 2:04 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 827
Views: 69119

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Lets try to make you happy. Why the disdain for managed funds like ARKK that destroy total market funds? Because most members of this forum are scaredy cats with very little ambition. Most people here are content to have a portfolio return of 2 to 5% real (myself included). Next week I am going to ...
by ram
Sun Feb 14, 2021 1:45 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 827
Views: 69119

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Lets try to make you happy. Why the disdain for managed funds like ARKK that destroy total market funds? Because most members of this forum are scaredy cats with very little ambition. Most people here are content to have a portfolio return of 2 to 5% real (myself included). Next week I am going to p...
by ram
Sun Feb 14, 2021 12:27 pm
Forum: Personal Investments
Topic: Mechanics of withdrawing from 529 account
Replies: 17
Views: 1686

Re: Mechanics of withdrawing from 529 account

-You are paying only part of the expense. This means you need to coordinate with the parent. - One option for you is to pay the tuition directly to the school and be done. - Then the parent can take care of the rest. - If your contribution is going to be less than the 4 yr tuition just pay for 4 or ...
by ram
Fri Feb 12, 2021 8:20 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 1014
Views: 182738

Re: What’s your favorite beer(s)?

Yuengling
Linenkugel (wisconsin)
Blue moon
by ram
Thu Feb 11, 2021 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: To purchase a California home or move out of state?
Replies: 88
Views: 7496

Re: To purchase a California home or move out of state?

Regarding Madison, WI: I was hoping for a community of like-minded people, hills to climb ( an hour away ), musicians to jam with, preferably a university town or area known for drawing educated people. Yes to all The reasons to leave CA: Fires, smoke, evacuations, earthquakes, expensive everything,...
by ram
Wed Feb 10, 2021 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Give electric wheelchair to veteran---liability
Replies: 39
Views: 3154

Re: Give electric wheelchair to veteran---liability

BolderBoy wrote: Sun Feb 07, 2021 7:29 pm
pfrank wrote: Sun Feb 07, 2021 7:20 pmIf you are concerned about liability, contact your local VFW, American Legion or DAV Post. Donate it to them and they can arrange to get it to the intended veteran. I am a member of all three organizations and this was a common occurrence.
I like this suggestion as the most expedient.
+1
by ram
Wed Feb 10, 2021 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Give electric wheelchair to veteran---liability
Replies: 39
Views: 3154

Re: Give electric wheelchair to veteran---liability

Some years ago, because my blood sugars were under good control, I no longer needed to inject insulin. Insulin is very expensive, and there were news reports at the time about people skipping doses because of the expense. I asked my doctor how to donate my substantial remaining doses. She told me n...
by ram
Tue Feb 09, 2021 10:05 pm
Forum: Investing - Theory, News & General
Topic: Why use anything but treasuries?
Replies: 44
Views: 5815

Re: Why use anything but treasuries?

Your plan of holding treasury's only is one of the many perfectly reasonable ways of holding bonds.
by ram
Tue Feb 09, 2021 9:45 pm
Forum: Personal Investments
Topic: 457 at hospital
Replies: 13
Views: 960

Re: 457 at hospital

As a non-government company, the 457B plan can not be widely offered. It can only be used by highly compensated employees. I don't really think it is likely to be offered to nurses. A very small fraction of nurses in senior administrative position in large healthcare organizations (chief nursing of...
by ram
Tue Feb 09, 2021 9:41 pm
Forum: Personal Investments
Topic: 457 at hospital
Replies: 13
Views: 960

Re: 457 at hospital

I max my 403b and get 5% matching. I thought perhaps I could contribute to a 457b in addition. I guess not. Bummer!! Dont feel too bad. Money in non governmental 457B can be taken away by the creditors of the organization. Not everbody in our hospital eligible to contribute, contributes to it for t...
by ram
Mon Feb 08, 2021 10:57 pm
Forum: Investing - Theory, News & General
Topic: Math of a donor advised fund
Replies: 32
Views: 1981

Re: Math of a donor advised fund

Lastly, IMHO making contributions from a DAF is loads easier than transferring shares, both for me and for the charity. I'm not saying direct transfer is forbiddingly hard, just that contributions from my DAF are darn near like buying something at Amazon. Click, click, click, done, at least for cha...
by ram
Sun Feb 07, 2021 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: What's your highest limit credit card?
Replies: 98
Views: 6118

Re: What's your highest limit credit card?

Chase sapphire reserve.
by ram
Sat Feb 06, 2021 2:30 pm
Forum: Personal Investments
Topic: If I can afford major risk, is a 100% stock position the best return
Replies: 100
Views: 8818

Re: If I can afford major risk, is a 100% stock position the best return

PapaB wrote: Sat Feb 06, 2021 2:16 am Is a 100% stock position the best return?
Yes. (as compared to anything less than 100% stock).
by ram
Sat Feb 06, 2021 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise: Local Gov't
Replies: 19
Views: 1199

Re: Asking for a raise: Local Gov't

I'm coming up on my 10th yr and am below the midpoint of my salary range. If the midpoint calculations include non government jobs that have no pensions then the midpoint of government jobs (with pension) will typically be lower. The stability of the govt job will also tend to make the midpoint low...
by ram
Fri Feb 05, 2021 8:23 pm
Forum: Personal Consumer Issues
Topic: Generic Drug Prices
Replies: 21
Views: 1321

Re: Generic Drug Prices

Gold indeed is used as a drug. https://www.goodrx.com/ridaura#:~:text=The%20lowest%20GoodRx%20price%20for,average%20retail%20price%20of%20%241%2C618.52. The cost of gold is : $1850/oz or $58/gram = $58/1000 mg = $10.50/180 mg. However 180mg of gold (60 capsules of 3 mg each) in the form of medicatio...
by ram
Fri Feb 05, 2021 8:02 pm
Forum: Personal Consumer Issues
Topic: Generic Drug Prices
Replies: 21
Views: 1321

Re: Generic Drug Prices

I guess I did not make myself clear enough. With my insurance, the medicines are easily affordable. You may not have made yourself clear to the people on this board but you have made it clear to the pharmaceutical manufacturers and they have priced the product accordingly. Tomorrow if a 100 compani...