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  • Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    I used Quicken for many, many years and really liked it.  When I moved to Mac and they started the subscription model I dumped them.

    I use iBank now.  It’s ok.  Not as good as the old Quicken versions, but very usable.

    I have used Mint and Personal Capital, but they kept having troubles downloading all of my accounts; especially Vanguard.  So I don’t use/like them.

    For my annual summary, I just use Excel.

    in reply to: What software do you use? #139166 Reply
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    I would keep policy #1 and dump #2 & 3.

    There are lots of websites that recommend for (life insurance salesmen) and against (practically everyone else) permanent insurance. If you want a professional opinion, I used https://evaluatelifeinsurance.org to evaluate a WL policy a few years ago.  For just $125 it provided me some much needed advice on whether to keep or dump my policy.

    In the grand scheme of things, this is not that big of a mistake.  The important part is learning from it and not falling for the insurance salesman pitch in the future.

    in reply to: Life Insurance Question #138086 Reply
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    Good for you!  It’s nice to be able to share these milestones.  Especially going forward, when you probably won’t have many people you can tell you have a net worth of $1M, $2M, paid off house, etc.

    Keep up the good work!!  :mrgreen:

    in reply to: Officially Broke! #102397 Reply
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    Field:  Anesthesiology

    Years: 20 years

    Best part of job:  Starting early and finishing early; I’m usually home before, or at the same time as, my kids. Not as big a deal now (compared to when they were little) since one is in college and the other is a 7th grader.  Once I leave for the day I rarely have to go back.  I love doing the procedures; central lines, epidurals, spinals, nerve blocks, etc.  Overall, the lifestyle (hours and vacation) are very good.

    Worst part of job:  No control over the surgery schedule; whatever comes in, we take care of it.  Middle of the night epidurals for OB, especially morbidly obese OB patients. ?

    Favorite Procedure:  Awake, fiberoptic intubations

    Least Favorite Procedure:  IV access; especially when the nurses really haven’t tried.  Epidurals for fetal demise patients; breaks my heart every time.

    Do it again?  Probably.  I started in orthopedics and HATED it; switched to anesthesia after my internship year.  I really liked urology and otolaryngology in medical school too.

    A couple months ago an OB patient asked me if this (anesthesiology) was my passion.  I laughed and told her, “not at 2:30 in the morning.”  I enjoy what I do, but I’m certainly not passionate about it.

    in reply to: Best and worst part of your specialty #95491 Reply
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

     

     

     

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    in reply to: Buying a boat #58452 Reply
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    I had some preliminary discussions w Konstantin a few years ago.  My group was looking to leave our financial advisor, but decided to stay w him after he dropped his AUM fee down from 1 to 0.5%.  I still voted to go w Konstantin, but was out-voted.

    I found Konstantin to be very helpful, honest, and up-front in regard to fees.  I would have hired him.

    A friend of mine, in another anesthesia group, uses Employee Fiduciary and seem to be very satisfied w them.

    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    I’ve encouraged my kids to do whatever they’re interested in.  My daughter is a sophomore in college and is considering medicine.  I’ve told her to do what she thinks she’d enjoy, since she’ll be doing it for a long time.  Also, don’t go into medicine for the money.  There are easier ways to make money than going through a difficult undergrad program, medical school, and residency.

    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    Move.  If you’re not happy it doesn’t make sense to stay.  If you were asking this question coming out of residency, I might recommend the rural job.  But, you’ve tried it and don’t like the rural life and practice.  Get out.

    I would rent for the first year or so in the city to make sure you like the practice and to figure out what area of town you want to live in.  Don’t be in a big hurry to buy.

    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    It sounds like you should take the loss and move on.  A net $6,000 loss is not a retirement killer.  Unfortunate, but I’ve made bigger mistakes.

    You can get an in-force illustration from the insurance company and have it evaluated.  I used this company (James Hunt) www.evaluatelifeinsurance.org/  There are others out there as well.  I think I found him through the bogleheads forum.  I found his advice very helpful for very little cost ($150 iirc).

    Overall, sounds like you’re heading in the right direction.  Knock out those student loans.  Getting totally out of debt really is a freeing experience.

    in reply to: Yet another whole life question #34806 Reply
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016
    Earnest refinancing bonus

    Please schedule way in advance, so I can put in for the vacation time!

     

     

    in reply to: Financial CME Conference #32838 Reply
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    Letting the CMO know is a good move.  I would also point out to the CMO that this is a breach of contract.  I would document it w an email.

    Get the other 3 partners involved and confront the old fella.  It’s possible he was planning on evening it out over the year, but I doubt it.  It’s probably time for someone else to take over the schedule.  At the very least, ya’ll need to keep track of the total calls and hold him accountable.  He may straighten out when he knows you’re watching him.  Take away the schedule and you take away his power.

    in reply to: recourse, senior partner weaseling out of call #32837 Reply
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    Sorry to hear you and your department are getting screwed.  Unfortunately, it’s not all that uncommon.

    First step of looking into surrounding area salaries is good.  I would also find the MGMA salaries for your area and the country.  The more data you have, the better.  Administrators tend to only believe numbers.  They’ll even believe numbers that are wrong if it’s in their favor.  😉

    My experience, administrations don’t believe people will actual quit.  My last practice had to lose several of our most productive physicians (including the president of the group) and fall short of necessary coverage before the administrators acknowledged there might be a problem.  I even had a sit-down with one  of the hospital CEOs before I left explaining, in detail, what the problems were.  He didn’t listen and was fired less than a year after I left.

    Ultimately, your biggest bargaining chip is walking.  Look around at other places you may want to work and/or live. No location or practice is perfect, but some are WAY better than others.  Only you can decide what’s the best for you and your family.

    Worse case scenario, they follow through and cut your salary/benefits.  Is it still worth staying?

    Good luck.  Hope we get to hear the outcome.

    in reply to: Help! My dept is trying to cut our salaries! #32755 Reply
    Liked by Zaphod, hatton1
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    I’ve had savings and checking accounts w Ally for 3-4 years.  Finally got rid of my local brick and mortar bank ~1 year ago.

    The website is fairly easy to navigate.  Check deposits are easy.  No significant problems.

    in reply to: Ally bank saving account #26775 Reply
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    We didn’t get a prenup.  I was a resident and ~$75k in student loan debt.  She had a car note, but was otherwise debt-free.  She also had a job that paid more than mine.  In retrospect, she should have insisted on a prenup to protect herself from me!

    If my wife dies (or decides to kill me) I would definitely get a prenup before getting remarried.  We’ve worked WAY too hard to risk what we’ve saved together.

    in reply to: Prenuptial agreements #25249 Reply
    Avatar Ivy 
    Participant
    Status: Physician
    Posts: 26
    Joined: 01/09/2016

    It would appear this is a relatively new policy.  Get out now.  Chalk it up as a Dave Ramsey ‘stupid tax.’ We’ve all been there.  Learn from your mistake, learn from others’ mistakes, and put this learning experience behind you.

    in reply to: whole life insurance #24913 Reply
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