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  • Avatar docnews 
    Participant
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    Still driving my beater as well. When it dies tempted to get used S or new 3. But will probably buy a crappy Toyota/Honda since I always want my wife with kids to have the nicer car.

    in reply to: Model S or Model 3 #248749 Reply
    Avatar docnews 
    Participant
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    I haven’t read all the comments but from what I understand it is illegal to offer some free care and charge others per Medicare/government regulation. To give charitable care I would have to setup a separate organization thanks to Uncle Sam.

    in reply to: Do MDs ever work for free? #248664 Reply
    Liked by Lordosis
    Avatar docnews 
    Participant
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    At end of training: -53k
    1 year later: 146k

    Good 200k swing as I worked my butt off. But I haven’t left my foot off the gas yet. Trying to weigh fam time now vs fam time later.

    in reply to: Financial accomplishments 2018-2019 #245339 Reply
    Avatar docnews 
    Participant
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    Ask him about strategies to max the QBI deduction with those limited by taxable income because in a service industry.

    in reply to: Bringing Michael Kitces on the Podcast #240002 Reply
    Avatar docnews 
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    It might work but what’s the long term negative effects… No one knows.

    in reply to: What's with this CBD oil fad? #238038 Reply
    Liked by Panscan
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    Participant
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    At least he has passion…

    But I hope it’s for caring for patients and not just the title.

    in reply to: Wonder how much student loan debt this guy has? #237263 Reply
    Avatar docnews 
    Participant
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    3 year but 120. 3 yrs flew by for me though only signed on for 2yr bonus. 120 should be your budget but I’ve worked some 200hr months despite 120 contract but I just made them pay triple when I worked nearly double. Residencies are churning out more but in the SE they still have coverage gaps so even if your shop fills you can moonlight other spots for premium payment.

    Avatar docnews 
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    @cm the 4% rule worked usually. Usually you end up with tons left over. The 4% rule works with many bad scenarios like drops in half because they have often followed been followed by many 10-20%+ years.

    in reply to: What is a reasonable real rate of return? #235900 Reply
    Avatar docnews 
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    @wa2106 the 4% rule doesn’t assume preservation of capital but that is what happens usually since this includes most worst case scenarios and still lasts you 30 years. Most end up with more historically after the 30 years.

    in reply to: What is a reasonable real rate of return? #235899 Reply
    Avatar docnews 
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    Very strange but yes single person s corps don’t make sense in TN. Luckily sole proprietorship is easy plus you don’t need an accountant like most do with s corps.

    Avatar docnews 
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    I use 4% real because otherwise how could the 4% rule have a chance? Must actually be higher to survive the ups and downs and withdrawals still go up with inflation.

    in reply to: What is a reasonable real rate of return? #235862 Reply
    Liked by Tangler
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    @xraygoggles Any bonds that could be sold to rebalance when the stock market dips. Could substitute with CDs/saving account as well.

    in reply to: Taxable investing vs debt paydown #234453 Reply
    Liked by xraygoggles
    Avatar docnews 
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    Splash Refinancing Bonus

    Read this whole thing than make your plan and stick to it: https://www.bogleheads.org/wiki/Asset_allocation

    in reply to: Percent of savings/allocation #234282 Reply
    Avatar docnews 
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    Don’t invest more than you comfortable with because that will likely lead you to selling during the next drop.

    I consider all funds part of my asset allocation (I don’t exclude an emergency fund). It’s ok to have a chunk just in savings. Just make a plan and stick to it. Try reading some boglehead.org wikis to get an idea about different theories of asset allocation. Of the common suggestions is 1/3 international stock index, 1/3 US stock index and 1/3 bonds. As the market has done so well since the ’08 dip people seem to forget 33% bond is reasonable.

    in reply to: Percent of savings/allocation #234270 Reply
    Avatar docnews 
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    Aaaa… the age old question. Well asked though (filling tax advantaged accounts first).

    5-7%: leveraging your investments but not unreasonably
    3-5%: easy to beat with equities in the long run
    <3%: easy to beat with inflation in the long run

    To me whether to pay off depends on one's asset allocation (aka your risk level).

    Consider paying off if
    5-7%: you don't have a business to invest in
    3-5%: you are not ok being 100% equities
    <3%: you have sizeable bonds that are making less

    in reply to: Taxable investing vs debt paydown #234267 Reply
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