Search found 894 matches

by avenger
Thu Feb 27, 2014 5:48 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

I think I've seen this thread before. People tend to pile on the OP a little bit IMO in most of these threads. There is a thin line between offering useful suggestions and shaming someone for their debt burden---in this case most of which was for education. I don't see the condo as a huge burden gi...
by avenger
Thu Feb 27, 2014 4:39 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

My first two years out I didn't really live on a budget, even though I was maxing out tax-advantaged accounts, paid off $30k in credit card debt , saved a $65k emergency fund and put away $40k in a taxable account. - always lived far below my income . Of course I "splurged" on a couple of...
by avenger
Sun Feb 23, 2014 5:41 pm
Forum: Personal Consumer Issues
Topic: Sonos sound system ?
Replies: 18
Views: 2870

Re: Sonos sound system ?

It's good sound. A little expensive. You are required to use the sonos software with your computer/device. No direct streaming from apps outside the Sonos software. (iTunes radio, for example, cannot be used with Sonos). Otherwise it's great. Mark Just to clarify this, Sonos has agreements with lik...
by avenger
Sun Feb 23, 2014 10:54 am
Forum: Personal Consumer Issues
Topic: Sonos sound system ?
Replies: 18
Views: 2870

Re: Sonos sound system ?

It's good sound. A little expensive. You are required to use the sonos software with your computer/device. No direct streaming from apps outside the Sonos software. (iTunes radio, for example, cannot be used with Sonos). Otherwise it's great.

Mark
by avenger
Wed Feb 05, 2014 5:40 am
Forum: Personal Investments
Topic: Deleted
Replies: 31
Views: 4249

Re: How often do you find errors in statements?

I am still trying to get a distribution issue resolved through nationwide retirement solutions (my 457). They posted a year end distribution to my account two weeks after the distribution date. Accounts for about $250 loss for me. I've made about 20 phone calls. Still nothing. I'm watching my transa...
by avenger
Sun Feb 02, 2014 9:01 am
Forum: Personal Finance (Not Investing)
Topic: SoFi.com?
Replies: 2
Views: 693

Re: SoFi.com?

So, I've seen things about SoFi refinancing, so I applied on their website. Supposedly it takes 3-4 days, and I've heard nothing from them since Monday. They are legit right? I'm a little concerned since there was plenty of personal info in that application... I used them. They will get it done we ...
by avenger
Tue Jan 28, 2014 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: The Renter From.............
Replies: 6
Views: 1773

Re: The Renter From.............

I would never be an intentional landlord. Unfortunately I am an unintentional landlord like lots of folks. I have a management company screen, rent, and manage my condo. Not a perfect scenario, but I have no desire to deal with the day to day issues of renters. Hope to unload the property in the nex...
by avenger
Tue Jan 28, 2014 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: The Renter From.............
Replies: 6
Views: 1773

Re: The Renter From.............

I only read half-way through the article.

Could some of these headaches simply be avoided by requiring references from past landlords?
by avenger
Mon Jan 27, 2014 5:33 pm
Forum: Personal Investments
Topic: Pension as emergency fund?
Replies: 3
Views: 495

Re: Pension as emergency fund?

Check with your pension board regarding timing on a distribution/rollover. Many pensions have a 60 day or so turnaround time. You'd get the money, but be sure to factor that into your decision-making.
by avenger
Thu Jan 23, 2014 5:28 am
Forum: Personal Investments
Topic: Optimal location for investments - 401k/Roth/taxable?
Replies: 21
Views: 2135

Re: Optimal location for investments - 401k/Roth/taxable?

Essentially it is the only bond fund in my 457, although I do have a stable value fund (I know, not a traditional bond fund). I have a Roth at Vanguard, but my overall impression is that PTTRX is good enough that I don't have to use valuable Roth space for FI at a relatively early point in my invest...
by avenger
Wed Jan 22, 2014 5:14 pm
Forum: Personal Investments
Topic: Optimal location for investments - 401k/Roth/taxable?
Replies: 21
Views: 2135

Re: Optimal location for investments - 401k/Roth/taxable?

Mr. Grabiner,

How would you classify the PIMCO Total Return Fund, Institutional Class, PTTRX, ER 0.46? Good bond fund?

Mark
by avenger
Sun Jan 19, 2014 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Medical specialty, longer residencies worth it?
Replies: 55
Views: 10949

Re: Medical specialty, longer residencies worth it?

Consider yourself exceptionally fortunate to have minimal educational debt. You therefore have the advantage of choosing any speciality you'd like. No one can predict the future, but the overall consensus is that physician compensation is only going to go down. Find a role model in a field you're in...
by avenger
Thu Jan 16, 2014 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Early retirement investment vehicles
Replies: 44
Views: 4089

Re: Poll: Early retirement investment vehicles

I have 457, Roth, Taxable, Pension.
by avenger
Mon Jan 13, 2014 3:08 pm
Forum: Personal Investments
Topic: Blended Fixed Option vs. Bond Fund
Replies: 7
Views: 971

Re: Blended Fixed Option vs. Bond Fund

Got some information from the Nationwide person. The Stable Value Fund has approximately $450 million in assets. 80% are held with Nationwide, 20% are held with Hartford. It consists of a Nationwide Life Option, general securities option, and a Hartford Life option. There are no restrictions in and ...
by avenger
Sun Jan 12, 2014 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 963
Views: 161029

Re: High Earners - What's Your Profession?

High income earner, and poor (I.e., early in career). Physician.
by avenger
Fri Jan 10, 2014 12:02 pm
Forum: Personal Investments
Topic: Blended Fixed Option vs. Bond Fund
Replies: 7
Views: 971

Re: Blended Fixed Option vs. Bond Fund

I also read the wiki referenced in the other post (http://www.bogleheads.org/wiki/Stable_value_fund) which provided some additional information. It seems consensus from previous post (viewtopic.php?f=1&t=130163) might be to split the difference. That being said, if all things are equal, I would ...
by avenger
Fri Jan 10, 2014 11:48 am
Forum: Personal Investments
Topic: Blended Fixed Option vs. Bond Fund
Replies: 7
Views: 971

Re: Blended Fixed Option vs. Bond Fund

A few days ago, I asked about whether I should invest in a bond fund or stable value fund in my 401k. I received a lot of useful information about what a stable value fund is, and I ended up investing 1/2 in the bond and 1/2 in the stable value. You may want to peruse the thread to learn more about...
by avenger
Fri Jan 10, 2014 11:31 am
Forum: Personal Investments
Topic: Blended Fixed Option vs. Bond Fund
Replies: 7
Views: 971

Re: Blended Fixed Option vs. Bond Fund

It is better not focus on how to invest what you are adding but rather on how everything you have is invested as a whole. Which of those funds you choose could depend on what the rest of your portfolio already holds. You might want to post everything according to this sticky: http://www.bogleheads....
by avenger
Fri Jan 10, 2014 11:10 am
Forum: Personal Investments
Topic: Blended Fixed Option vs. Bond Fund
Replies: 7
Views: 971

Blended Fixed Option vs. Bond Fund

Looking to add some FI/Bonds to my portfolio in tax-advantaged space. There are only two options in our retirement plan. They are: PIMCO Total Return Fund - Institutional Class (PTTRX, ER 0.46%) "(Insert Government Name here) Blended Fixed Option" (Previous Quarter APY 3.24%, Current Quart...
by avenger
Wed Jan 01, 2014 9:37 pm
Forum: Personal Investments
Topic: When to invest $5,500 in Roth IRA in 2014?
Replies: 53
Views: 8131

Re: When to invest $5,500 in Roth IRA in 2014?

Lump sum through back door Roth. I rebalance at the same time - the lump sum of $5500 helps toward that end as well.
by avenger
Thu Dec 26, 2013 11:26 am
Forum: Personal Finance (Not Investing)
Topic: How to have a shared credit card and individual cards?
Replies: 9
Views: 995

Re: How to have a shared credit card and individual cards?

My partner and I each have various accounts in each others names (e.g. I hold the major credit card that he is an authorized user on, and he holds most of the other household accounts). I keep a spreadsheet to keep track of every month's bills that we are both responsible for, and there is a running...
by avenger
Wed Dec 25, 2013 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 162
Views: 24758

Re: Which Med school?

I went to UChicago for medical school. There are significant scholarships available for students based on an endowment from alumni. While it is expensive (see one of my previous posts), the opportunities that await her are invaluable. She will be able to do whatever she wants.

Mark
by avenger
Fri Dec 20, 2013 8:44 am
Forum: Personal Finance (Not Investing)
Topic: What's financially wrong with starting your career at age50?
Replies: 64
Views: 7556

Re: What's financially wrong with starting your career at ag

Your friend should consider length of training. Surgical training is grueling, long, and physically demanding. (I am a surgeon) I am in my early 30s and already have disc issues. Something like ER is much shorter training and shift work. Own occupation disability is likely to be very expensive. Tha...
by avenger
Fri Dec 20, 2013 5:42 am
Forum: Personal Finance (Not Investing)
Topic: What's financially wrong with starting your career at age50?
Replies: 64
Views: 7556

Re: What's financially wrong with starting your career at ag

-He's considering all specialties. He has a preference for higher pay considering his lack of time to save for retirement. He has interests in neurology, urology, endocrinology, cardiology, and like myself, orthopedic surgery. Things that involve geometry, pipes/tubes, and neurons. Which is pretty ...
by avenger
Thu Dec 19, 2013 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Newbie needs help. $2500 to spend. 50% return with this?
Replies: 13
Views: 1669

Re: Newbie needs help. $2500 to spend. 50% return with this

Thanks for the reply. The debt was accumulated this year. I went on 12 interviews for fellowship at around $500 a pop racked up $6000. You went for basically job interviews and had to pay your travel expenses? In my day, if a company was interested enough to interview you, they paid the travel expe...
by avenger
Sun Dec 15, 2013 9:34 am
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

OP, we graduated the same year with the same salary. I would like to be financial independent at 55. I dont spend a lot of money but if I want to go a bar or restaurant I dont even think twice. If I want to go to Vegas for a guys trip I just go. You can walk the middle road. Being a doc is a great ...
by avenger
Fri Dec 13, 2013 5:49 pm
Forum: Personal Investments
Topic: 28 y/o Investor With 1M Portfolio Needs Advice
Replies: 31
Views: 6186

Re: 28 y/o Investor With 1M Portfolio Needs Advice

At what age do you want to retire? If you are still planning on retiring at 40, then 2.5M isn't enough. No, 100% equity is not a good idea, especially after the current market run-up. Yes, 2.5M isn't enough to retire on today or when you're 40. When do you plan to retire? If you had $2.5M TODAY and...
by avenger
Fri Dec 13, 2013 5:45 pm
Forum: Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 7465

Re: Considering a "Year Off" from retirement contributions..

Gives me pause to hear someone on this forum say that maybe they regret paying off their loans so quickly.

Given that it was exactly the advice I received for my question, it truly points to how personal that decision really is.

Mark
by avenger
Thu Dec 12, 2013 7:11 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

Yes, it is the PSLF program. I have Direct Consolidation loans. How long is the repayment term? I thought they started with 10 year repayment. I don't immediately see anything about consolidation or extending the payment duration impacting the forgiveness option. I guess with the size of your loan,...
by avenger
Thu Dec 12, 2013 6:58 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

Yes, it is the PSLF program. I have Direct Consolidation loans. How long is the repayment term? I thought they started with 10 year repayment. I don't immediately see anything about consolidation or extending the payment duration impacting the forgiveness option. I guess with the size of your loan,...
by avenger
Thu Dec 12, 2013 6:52 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

Yes, it is the PSLF program. I have Direct Consolidation loans.
by avenger
Thu Dec 12, 2013 6:18 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

Brief update, I looked further into loan forgiveness. I work at an institution that qualifies, and I looked further into my federal loans. It turns out that all of them are candidates for loan forgiveness. So clearly it makes sense to let those ride at minimum payment until I have 10 years service, ...
by avenger
Wed Dec 11, 2013 6:13 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

More great posts. I am glad to see the variety of responses. I am grateful for the 90+% of constructive posts. Some posts seemed a little less constructive, although I believe they were typed with good intentions. How has posting changed me? : Certainly has put in perspective that tackling the priva...
by avenger
Wed Dec 11, 2013 7:18 am
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

Of course you can make it up with volume working 18 hours a day, 7 days a week - and still end up making as much as a minimum wage flunky. Even a fast food burger flipper will earn over $60,000 a year working those hours - without the fear of getting sued - and that's at $7.25/hour base wage. Given...
by avenger
Wed Dec 11, 2013 6:05 am
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

Woke up this morning and was inundated (in a good way) with responses. Thanks for all of the feedback - I wish I could respond to each post individually, but alas, I have a surgeon's hours. There are varying degrees of responses but the overall response obviously is to shed the debt. So, that's what...
by avenger
Tue Dec 10, 2013 8:40 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

goodenyou wrote:I would live very frugally and throw EVERYTHING I had at getting rid of education debt. Simple. Think about investing when you get rid of the debt.
Got it - including the 2.62% fixed federal debt?
by avenger
Tue Dec 10, 2013 8:39 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

You mention wanting allocation of 100% stocks (equity); zero % bonds. Since your debt is considered to be inverse-bond; In order to get down to 100% stocks (equity) you would need over $400,000 in bond holdings to balance out your debt level. With $400,000 in bonds, the rest in stock, then you will...
by avenger
Tue Dec 10, 2013 8:05 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

Glad to help! Income doesn't cover mortgage payments, but actually comes pretty close (I lose only about $100/mo). The condo recently went through a major special assessment which is now over - there were a number of foreclosures as a result, but the financials of the building have increased signif...
by avenger
Tue Dec 10, 2013 7:43 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

I have $6000/mo to put toward any financial goal. I am getting the sense that just paying off debt rather than contributing any more to taxable accounts is recommended. Given that, is the recommendation really that I pay off lower interest student loan debt than mortgages? Tax-wise I think it might...
by avenger
Tue Dec 10, 2013 7:21 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

Yikes. Not only have you a lot of student debt, but you have taken on just as much personal debt as well. I'm assuming your partner and you do not commingle your finances at all. How about selling the condo and using the proceeds to wipe out a lot of that debt? It will take you forever plus to pay ...
by avenger
Tue Dec 10, 2013 7:06 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

Re: physician 2.5 years out of training

[/quot You have an enormous amount of student loan debt It is rare the new doctor just out of training doesn't have this. Another post today on this board emphasizes that. To answer your specific question, I have a $10k/mo own occupation disability insurance policy. Also, while still high,the privat...
by avenger
Tue Dec 10, 2013 5:36 pm
Forum: Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 9181

physician 2.5 years out of training

Edited/deleted on 2/28/2014 for privacy sake (related to my screen name - didn't quite realize how google-able this forum was until after the fact). PM me and I will forward this post requesting help to you. Am grateful for all of the responses.
by avenger
Sun Dec 08, 2013 4:21 pm
Forum: Personal Investments
Topic: Emergency fund allocation
Replies: 16
Views: 2860

Re: Emergency fund allocation

Currently I'm in cash (savings accounts), but I do recall reading some article that proposed 'overfunding' the EF account and using a riskier asset class (bonds, stocks or a balanced fund). I'm not sure it is a good idea, but I've considered placing say 130% of my EF in Wellington or a similar fund...