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  • Avatar jhwkr542 
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    Status: Physician
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    Joined: 02/15/2016

    Regarding #1, I’ve been filing in different states for years and my two have a little different ways of reporting each state’s income, so you’ll need to read the instructions carefully or do it via tax software. Tax software would probably make this step incredibly easy as opposed to doing it by hand. Your taxes likely aren’t so complicated that you need professional help if your sole source of income is from w2 employments

    in reply to: Tax advice for residency to fellowship transition #254725 Reply
    Avatar jhwkr542 
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    Same with pathologists. More than a few i know have died while still working.

    in reply to: Are some specialties more averse to retiring than others? #254695 Reply
    Liked by Lordosis
    Avatar jhwkr542 
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    Why not do a $22k employer contribution and then the remaining $34k mega backdoor Roth in the solo 401k? The $19k employee contribution was done in your other 401k, so you can’t do that in your solo 401k. You only get $19k employee contributions across all accounts.

    Did you change jobs? Or just change how you’re paid?

    in reply to: MegaBackdoor Roth IRA Clarification #254630 Reply
    Liked by spiritrider
    Avatar jhwkr542 
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    You can afford it. This is just the price of doing business in a HCOL area. With the downpayment, you’d have a mortgage under $1MM. I guess the alternatives from the information is the bad school district, rent some more, or move. Up to you. I’d have no problems buying if you like the area and are entrenched

    in reply to: Anxious about buying doctor house #254629 Reply
    Avatar jhwkr542 
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    No way I’m rooming with Crixus (not going to this one though).

    in reply to: User Names and Hotel Rooms #254559 Reply
    Avatar jhwkr542 
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    I disagree . If you drink it in any reasonable amount of time, it won’t heat up, provided you’re not drinking it in 90 degree heat, which would be weird. Drinking wine at room temperature is less than ideal.

    in reply to: Ice maker and wine fridge #253352 Reply
    Avatar jhwkr542 
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    We have a u line wine fridge and haven’t had issues but it’s only single zone. But as long as you’re not buying a cheap one, I’d think all would work ok. We only drink red though so maybe the two zones are more nuanced.

    in reply to: Ice maker and wine fridge #253327 Reply
    Avatar jhwkr542 
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    My wife tends to make a lot more smaller purchases for clothes or stuff for the kids (less than $100-200). I less frequently spend money on myself, but when I do, I tend to blow up the budget for that month (and maybe the next couple). We’ve done so well keeping our monthly expenses (i.e. mortgage) under control that we have a monthly budget surplus of $4-5k for discretionary spending, so spending for little things here and there (or even the rare large item, if discussed with the other) isn’t an issue.

    in reply to: frivolous female spending #252568 Reply
    Liked by uptoolate
    Avatar jhwkr542 
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    Does it provide fees for the model portfolio? Or just go look at the fees of the individual investments? I’d be inclined to change based on the provided info.

    Avatar jhwkr542 
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    While your credit score may be one issue, probably the bigger one is the amount of loans. I’m hoping your salary is high ($500k+). You’re just going to have to be poor for a while and really hack away at them. You’ll probably be able to refinance at some point.

    in reply to: New Attending – Student loan help! #251932 Reply
    Liked by Zaphod
    Avatar jhwkr542 
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    I know how to kickstart it. Is a hotdog a sandwich?

    in reply to: Dead forum? #250872 Reply
    Avatar jhwkr542 
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    Are we talking about student loans? I think 5-7 years is probably the general aim but it really matters on what the quoted differences are. A colleague had like a .25% difference between variable and fixed on a 5 year loan. Rates currently can’t go much lower.

    in reply to: Timing of Variable vs Fixed loan #250827 Reply
    Avatar jhwkr542 
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    Please clarify what you mean by Roth. Roth IRA, Roth 401k, Roth 403b?

    in reply to: Roth question #250779 Reply
    Liked by mandyvitz, Peds
    Avatar jhwkr542 
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    @adventure, yes, you can pay for private schools with a 529. Another colleague is doing this, funding 529, and then pay tuition from 529. We call it legal money laundering.

    in reply to: Am I saving enough #250424 Reply
    Avatar jhwkr542 
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    To put your financial life in perspective, I was talking to a colleague the other day, and I was saying how I was quickly approaching positive net worth finally, 3 years after training. He said he still had negative net worth. He’s late 40s and been making $400k+ for 15ish years. People reveal their net worth and savings when it’s good. You’ll rarely hear people’s failures. You’re doing great. I’d probably cut off 529 saving unless you’re going to use it for grade school too.

    in reply to: Am I saving enough #250423 Reply
    Liked by Infinity
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