Forum Replies Created
you might not be able to get 6k of coverage now as it is based on your income…but I agree with getting 2 policiesMay 18, 2017 at 2:44 pm MST in reply to: Disability Insurance- Who stacks and who should stack? #47623
What is enhanced partial? What company is this? About riders, consider COLA?
I personally think every resident should have a good DI policy in place. Yeah, not much, but in case of a catastrophe $4,000/month tax free for the rest of your life is better than a kick in the teeth.May 18, 2017 at 11:20 am MST in reply to: Should residents get disability ins. BEFORE graduating? #47600
-Get AAA instead of roadside, better coverage and more value from the membership
-I do not have rental as we have an extra car laying around so I do not know the cost of that
-Definitely do not skimp on collision/comp on a newer car (if it is leased or financed you must have that coverage anyway), if anything up the deductibles
-Umbrella policies usually require you take out the maximum liability coverage (500,000). Still, umbrella policies offer a great value
-Ditch one of the most underpowered cars on the road….ok, just kidding…
Just pick a new agent. He/she will take care of it all and it is super easy. No drama involved. The people who advertise on this forum do a good job so that is a good place for you to start.
As far as I know the deadline is not negotiable, it is what it is. You might need to amend your return.
Moving forward I’d encourage you, if you can, to front load your contributions and be done the first few months of the year. This way you also get an extra year of growth on the money.
For the DI go through Larry Keller, he advertises on this site and he is really good at what he does. Get insurance from one of the main companies for the maximum you can get based on your salary, then exercise FPO later.May 11, 2017 at 8:59 am MST in reply to: Trying to increase Financial Literacy before residency – Help with Plan! #46705
Based on your story, I’d leave. Zero tolerance for this treatment and lack or respect and a sign of things to come.
Whatever little you save now is literally peanuts compared to what you can do later. Live frugally but don’t deprive yourself of the little things now. Your marriage will thank you for it.
Buckle down, convert now.
In addition to the above, I think it is crucial to contribute to PACs. That is where the rubber meets the road. Our state societies (Utah Society of Anesthesiologists and Utah Medical Association) do a truly amazing job every year at lobbying against and defeating idiotic bills in the state legislature.April 28, 2017 at 3:02 pm MST in reply to: Professional College/Society memberships – worth it? #45440Liked by Vagabond MD
If that is all you have, I would not invest it. In addition to what has been written above, remember that residency interviews are expensive. And you will need some form of entertainment over the next 4 years or you will go crazy.April 26, 2017 at 12:26 pm MST in reply to: 22 Year-Old Starting Med School – Target Retirement Fund or Nothing? #45250
Let me google that for you 😉 :
1. Get good disability insurance now
2. Will your 403b accept Roth contributions? (yes, you can do that in addition to the $5500 Roth IRA contributions). If so, go for it. You will never enjoy the super low tax bracket you are in now.
You are off to a great start!