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I have the Littman Cardiology III, I use it every day (anesthesiologist), very happy with it. I have had it for 9 years.
Johanna, A friend of mine is very skeptical of the backdoor Roth. He thinks all it takes is an IRS bureaucrat who wants to advance his career and the IRS will come after everyone who contributed to a backdoor Roth with penalties and interest. I do not share his opinion. He even talked to his tax attorney and was told that the backdoor Roth does not pass the smell test. I am aware of the talks about this along the years. Anything I can tell him to appease his fears?
Yes, you both get own occupation disability policies from one of the major companies. Group coverage is usually bottom of the line coverage, pretend you do not have it. I’d get up to the maximum they let you buy (usually $3500-4000/month for a resident).
Haha good for you! Depending on the month I work the equivalent of 1.5-2 FTEs. But I am young and hungry! I will slow down to 1.0 FTE in 5 years.
I tried doing it in the past and it did not work out for me. The reason was that the market was still somewhat depressed (2012), house was in a standard area, and the realtors hired by the buyers either would not come to show my house to their clients or would want their 3% cut anyway. Based on my limited experience, the way it would work is if you are in a highly desirable areas where houses go like hotcakes (like the houses sell in 1-2 days with multiple offers). Just my 2 cents.
I’d compare it to your PSLF payments first of all. Not sure what your income is but student loan interest is not tax deductible for higher income households. Also, I’d do retirement contributions first and foremost since those are tax deferred. Basically with your plan you would not be taking advantage of tax deferment and will get rid of one of the few tax deductions. So Uncle Sam wins.April 17, 2017 at 12:43 pm MST in reply to: Payoff Mortgage in 6 years vs. Invest in Solo 401k and payoff house in 14 years? #44077Liked by Zaphod
Had to do it several years ago to roll over my IRA from Raymond James to Vanguard. It was a major PITA since my bank does not do it.
If I remember correctly Vanguard had a workaround.
I agree with you in theory. However, the risk of that might be that the head person becomes more of a dictator and the other partners loose interest and investment in what is going on and the group takes a dive. I guess it all depends on what kind of people you are dealing with.
I do not think his past should have anything to do with the current incident. I must say he played United really well though. They sure picked the wrong guy to mess with. Smart guy, he saw a chance and jumped on it, and United and the airport rent-a-cops fell for it big time.
One model I have often seen in several groups in my specialty (anesthesiology) is to have a rotating “president” who takes care of the admin stuff. No stipend for this, every partner is expected to do it, and it is one year at the time (best to stick with a heavily enforced rotating basis).
Had this exact problem. Our solution was to max out my wife’s retirement contributions so now more than half her salary is tax deferred.
you will get a rate in the 2-3% range if you go with a variable rate loan
Interestingly, I have been with StateFarm for the last 4 years and have had no issues with increasing premiums at all. I went with them after one of their customers totaled my car and they treated me very fairly.