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  • Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Just found this thread! Guess I need to make sure I do a better job logging out of my account on public computers!

    in reply to: How soon is too soon? #172320 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Yeah I know it backward and forward. If I’m there less than a year I would have to repay relocation costs (but could try to negotiate a signing bonus at a potential next position to help cover the cost) and would be less likely to have reached my bonus threshold obviously.

    There’s no set date to the contract – it’s an “at-will” contract. I wouldn’t leave earlier than what I committed to!

    First time poster but long time lurker – buying a house up front was out of the question!

    in reply to: How soon is too soon? #171082 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Thanks for all the replies. I’ll probably just stick with Fidelity at this point!

    Maxpower – is this really true for i401ks??? For our Roths we definitely can do this and also have deposited checks to the account via mobile deposit on my phone.

    in reply to: Fidelity vs. Vanguard for Taxable Account #171026 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Great – thanks so much for the replies.

    Yeah – I now realize they were telling me exactly what I already thought I knew but I ended up concluding the opposite based on what they told me!

    I think I got it all set now – thanks!

    in reply to: HSA Question #170212 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Nice thanks – I already have my and my wife’s Roth IRAs at Fidelity so that’s definitely easier.  I imagine it saves the $2.50/month fee to invest that Lively has.

    Where my confusion was coming from was that the Lively rep made it sound like if not done through an employer, the HSA contributions would be post-tax no matter what but what I took away from that was that I couldn’t even deduct the contributions on my taxes which is clearly not the case.

    If my wife and I are on one family health insurance plan together, I assume we are limited to the one HSA between the two of us (does it have to be the primary on the account?) at a maximum contribution of $6,900 correct?  Then, if the HSA is in my name but the medical expense is for my wife, how does that work?

     

    Thank you all!

    in reply to: HSA Question #170102 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Thanks for the feedback.

    Before I had found WCI, I was sitting on way too much cash as a resident/fellow that should have been funding Roth’s every year. I’m trying my best to get over the missed opportunity to have had it invested but keep kicking myself for not doing it then. Can’t let mistakes like that happen any more!

    in reply to: Another Loan Payoff vs. Invest Question #169977 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Have to look at your HSA rules. We had to wait 30 days after our insurance started to make a contribution. Then the caveat was the first full paycheck after 30 days. So we couldn’t fund our HSA until ~35-40 says after our insurance kicked in.

    Click to expand…

    Okay thanks!

    Though when I sign up for Lively for example, it says I can start funding it on my start date.  Do the rules you’re referring to only apply if I am using my employer’s chosen HSA?

    in reply to: Another Loan Payoff vs. Invest Question #169948 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Yeah it is a lot in rent but we certainly looked around and even going down to the 3.5k range meant a huge sacrifice in safety of neighborhood and commute time. After a year when we have a better sense of the area we may be able to switch to something a little cheaper.

    Sounds good. Do you think a reasonable goal then would be to in my first 12 months, make 12 months of what the 5 year payment would be + 23k Roth + 13.9k HSA + 23.1k taxable?

    I think that gets me to 20% retirement saving

    On a separate note, our 2018 HSA eligible plan doesn’t start until 12/1/18 – can I still make the full $6,900 contribution?

    in reply to: Another Loan Payoff vs. Invest Question #169337 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Thanks for the tips everyone – this is my only retirement account at this point.  Since I don’t have access to a 401k at work yet, extra cash is going to be targeted towards funding my and my wife’s 2019 Roths at the beginning of the year plus starting a taxable account and paying down my student loans (just paid off 12k of institutional loans and refinanced 275k of federal loans).

    Our Roths are currently with Fidelity – would the Index Fund FSSNX be comparable to the Vanguard small cap fund referenced above?  Or would it be worth rolling over to Vanguard (if this is allowed) and investing in something like VSMAX?

    Thanks!

    in reply to: Roth IRA Allocation #168813 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Yeah account number and routing number can’t be enough. Anyone you’ve ever written a check to has both of those!

    in reply to: Beware of Mint.com #149328 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Though given how competitive it will be now, chances are I wouldn’t get accepted now!

    😆

    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Wow. So happy to hear that as I sit here finishing training this year and about to start paying my 350k of loans that I accrued attending the wonderful NYU SoM!

    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    If he (or she) is being paid as an indecent contractor, aren’t they responsible for paying the 6.2% SS tax anyway? So not really losing anything on that front

    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    I was thinking of that and they are nice enough to start my coverage on Day 1 of the job but it’s of no use to us beforehand because we will still be living in the area we live now (different states)

    in reply to: New Attending – Transition Health Insurance #139137 Reply
    Avatar orthodoc2018 
    Participant
    Status: Physician
    Posts: 79
    Joined: 07/18/2018

    Thanks!

    Yeah I’ll do COBRA for me I end up needing anything. Real Q is whether it’s worth just paying for a higher premium gold/platinum plan for my wife who will definitely need coverage (pregnant) or if I should roll the dice so to speak with a silver higher deductible plan in order to get access to an HSA and maybe save a couple hundred dollars on premiums.

    in reply to: New Attending – Transition Health Insurance #139068 Reply
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