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  • Avatar DCdoc 
    Participant
    Status: Physician
    Posts: 535
    Joined: 06/14/2016

    I won’t comment on you AA or desire to change to bonds. But the tax consequences of selling in a UTMS depend on your basis and the amount. Tax GAIN harvesting often makes sense since the first couple thousand of gains in a UTMA are tax free. You can essentially harvest some gains tax free and increase the basis by rebuying. If you have a gain that exceeds the limits it’s taxed at estate/trust rates after the trump tax law and no longer taxes at parental rate, which is very nice.

    in reply to: UTMA investment #239436 Reply
    Liked by mlc7
    Avatar DCdoc 
    Participant
    Status: Physician
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    Joined: 06/14/2016

    You have a small amount of loans (in a relative sense) and a huge salary. Your post screams “crisis” and I see no such thing. If you’re making 500k year 1 you’re clearly in a very high paying field, especially if you jump to $750k in 2-3 years. If you live like a resident/fellow you can have those loans paid back fairly easily in 2 years. Stop kicking yourself for past mistakes and refinance/pay off the loans!

    Avatar DCdoc 
    Participant
    Status: Physician
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    Joined: 06/14/2016

    Just pay the $28. I know you want to stand on principle but it’s a nominal amount to potentially protect your credit.

    in reply to: Help! Collections notice from gym #238956 Reply
    Avatar DCdoc 
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    Status: Physician
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    Joined: 06/14/2016
    medical school scholarship sponsor

    If rates fall further (more negative) you sell the bonds for a higher price. Bonds are far more complex than simply looking at the yield. Few people are buying negative bonds to hold to maturity. The bund (as an example) is somewhere around -.6%. If you had bought that at -.2% you can sell it for a profit.

    in reply to: Negative bond yield? #238955 Reply
    Liked by gasdoc86
    Avatar DCdoc 
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    Status: Physician
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    Joined: 06/14/2016

    1 hour of detailed personal questions with a hefty fine for non-completion? Defenitely sounds like US government. Was it sent certified mail or regular mail? If regular I think I would just ignore it (but with the disclaimer that I haven’t received one – and it’s possible I would chicken out and actually do it). If certified mail, your ability to ignore drops precipitously.

    in reply to: Census Survey, not political #238678 Reply
    Avatar DCdoc 
    Participant
    Status: Physician
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    I can (I guess) imaging him blending in with other residents for a while. But how can he date/marry someone without being exposed? Like how does he explain not getting paychecks? Did he pretend to go to work every day while married?

    in reply to: Wonder how much student loan debt this guy has? #237270 Reply
    Avatar DCdoc 
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    Status: Physician
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    You are making me feel inadequate. Likely others too.  When my wife delivered…her gift was a baby.  Now x 3.

    in reply to: Ladies – Help! #236467 Reply
    Avatar DCdoc 
    Participant
    Status: Physician
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    Joined: 06/14/2016

    I’m very curious about @fatlittlepig’s numbers

    in reply to: How much do you spend a month? #236466 Reply
    Liked by CM, StarTrekDoc
    Avatar DCdoc 
    Participant
    Status: Physician
    Posts: 535
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    I can’t handle the font.

    in reply to: Vanguard Flagship versus fee only advisor #236464 Reply
    Avatar DCdoc 
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    alpha investing

    I can’t imagine doing this. If no physicians agreed to do so, peer to peer would vanish. As it stands, some physicians are willing to accept nominal compensation to be a roadblock to patient care.

    in reply to: Prior-Auth/Utilization Review Side Gig #236422 Reply
    Avatar DCdoc 
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    Status: Physician
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    Joined: 06/14/2016

    I would let term life insurance expire once FI, but might keep disibility insurance a bit longer. My thinking is, if dead, I would have no ongoing expenses. But, if disabled, my costs might go up depending on the severity beyond current FI spending levels.

    in reply to: When to let Term Insurance Lapse #236421 Reply
    Avatar DCdoc 
    Participant
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    Joined: 06/14/2016

    In fairness to EMD, cloud computing and IT service sector funds could meet those historical 10 year returns. I’m a fidelity guy and just glancing at some sector funds, FBSOX is over 20% annualized for the past 10 years. I’m sure cloud computing would be even higher.

    in reply to: Partner wants to buy a Super Car worth 150k #236272 Reply
    Avatar DCdoc 
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    Not counting mortgage? 13k. 5k of that is childcare. Maybe more. Adding housing brings it to over 20.

    in reply to: How much do you spend a month? #236267 Reply
    Avatar DCdoc 
    Participant
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    Derm remains the one oasis in a desert of crap.

    Avatar DCdoc 
    Participant
    Status: Physician
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    Joined: 06/14/2016

    I use 4% because I’m anti odd number.

    in reply to: What is a reasonable real rate of return? #235850 Reply
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