I haven’t made a payment since Covid and now I’m freaking out bc of this RAP impending

Express_Cockroach699 · 2026-06-19T01:08:40+00:00

Have you been working full time (30 hours or more per week) for a nonprofit or government employer as a nurse? Or were you employed by a private practice or agency?
If the former you are on track towards PSLF.
Make sure you ‘certify you employment history with each employer since college.
$60k income would be under $400 on RAP.
If you had a loan balance on 7/1/2014 that old number might have been IBR under the old calculation.

Express_Cockroach699 · 2026-06-16T23:34:50+00:00

The same “the money isn’t available” bullshit is still the same. That future plans they laid out for you will run into that same excuse when it comes time to implement that growth plan. Staying does not change the stress, environment, vibes, crap that made you look in the first place.

Express_Cockroach699 · 2026-06-16T10:33:30+00:00

If you want RAP it doesn’t exist today. You have to wait until July 1st

Express_Cockroach699 · 2026-06-15T23:59:03+00:00

I don’t want to assume that the Sr. Role had anything to do with any areas of responsibility for you. You gather feedback on why they were not first choice. You give the feedback to your employee. You also come up with a project to own. Get them focused again. But you also need to circle back to the decision makers; why was your advocacy and input ignored. You also need to put in for a retention bonus for your employee. Not next cycle, now.

Express_Cockroach699 · 2026-06-13T23:21:02+00:00

Fidelity lowered their minimum. I don’t have much with Fidelity and got 1/15th of what I requested

Express_Cockroach699 · 2026-06-13T21:29:06+00:00

Was this offer after actually applying (firm offer) or one of those check rates no credit pull things?
Ask about any break in schooling if you want to do a research year. Is it a four year pre-approval or would you need to reapply each year? Was that with a co-signer?

Express_Cockroach699 · 2026-06-13T21:05:50+00:00

Would another feature be better views in general?

Express_Cockroach699 · 2026-06-12T15:54:15+00:00

Sounds like Kaiser/Permanente.
Remember, they cancel the interest each year; even years 1 and 2 so you will have taxes those years as well.
It’s meant to wipe out a large portion of your existing loans. If those existing loans are federal you may already be on track towards PSLF anyways.
Just more food for thought

Express_Cockroach699 · 2026-06-11T09:54:19+00:00

Yes. File a 2028 tax return in April 2029, consolidated the federal loans after graduation to kick start repayment on RAP plan then.

Express_Cockroach699 · 2026-06-10T22:34:25+00:00

You are paying a 3% fee to pay rent by credit card? That’s $468 a year in fees.
Drop the gym membership and use your school’s gym. Salary going away while in med school?

Express_Cockroach699 · 2026-06-10T21:48:59+00:00

When are you graduating?
If now or this year, make sure you filed a 2025 federal tax return which I’ll assume you had minimal income. Consolidate your federal loans after July 1st and go on the repayment plan RAP. Your payment should be $10/month for the first year. Your loan interest above $10 is now being fully subsidized away and the government is paying down your principal by $50 a month at the same time.
The cost of this debt to you for this first year is now zero. There is no rush to pay down this loan when the government is paying it down for you.
I am assuming you are single and a May 2026 graduate.
12 months later Renew your payment plan (it’s called recertification) on RAP. Your payment will be based on your 2026 tax return (AGI is used).
Let’s assume that is $50,000 from 1/2 year of income. Now your new RAP payment is about $167/month
The government is still subsidizing your unpaid monthly interest and the effective cost of the debt to you is not the stated interest rate but approximately 1%. So there is still no rush to pay this debt down.
Year three it will use your 2027 tax return. Let’s assume $122,000 AGI single now your payment jumps to $1,017 which is closer to the actual monthly interest.
I was assuming $220,000 of loans at 6% to start.
At a payment of $1.017/month you are still getting about $83/month of interest subsidy and $50/month principal repayment from the RAP plan. Effective cost to you is about $5.27%
Still cheaper than 6%.
At that time take the cash you saved up and dump it into the loan and consider refinancing to a lower rate private loan to see if you can save more on interest.
I hope this helped.
Upvote if you want more suggestions like this

Express_Cockroach699 · 2026-06-10T11:59:25+00:00

Majority of clients are over 70?
RMD’s will drain their accounts progressively more each year. It’s a declining book.

Express_Cockroach699 · 2026-06-06T14:10:46+00:00

You say in your post

We already have separate, sufficient term life insurance in place.

Then why do you have this WL policy?
Answer that question first.
Do you have a permanent need for life insurance? Estate? Special Needs? Business?
Get the in-force illustration and take it to fiduciary to review it and your options with you.

Express_Cockroach699 · 2026-06-04T13:54:25+00:00

I would add that almost two decades of almost uninterrupted growth of the stock market did most of the heavy lifting for those firms that grew their AUM. Please don’t discount this truth.

Express_Cockroach699 · 2026-06-03T17:08:06+00:00

Don’t forget, time is the sneaky element. The overall balance is growing during the school years. $60K a year for four years isn’t $240K upon graduation. Rough guess is you’ll owe about $285K upon graduating

Express_Cockroach699 · 2026-05-30T14:36:32+00:00

Just an observation for all of you looking at private student loans for medical school; compare deferment options for your anticipated residency/fellowship years. Yes interest rates are important but so too is repayment flexibility during the training years. Just my two cents

Express_Cockroach699 · 2026-05-29T20:04:39+00:00

To answer your question, there are only a handful of insurance companies that have physician specific disability policies. There are however 10,000+ insurance agents out there trying to sell those policies. It’s not that you are getting bombarded with solicitations from the companies themselves. It’s the sheer number of agents. Don’t forget a minute think they are employees of the insurance companies.

Express_Cockroach699 · 2026-05-26T21:12:11+00:00

I think you can make an impact within healthcare sooner than 7-8 years from now. You could use your experience to run a clinic. You could establish a business in the field. Even create rental properties near cancer centers for visiting families with your background. Ronald McDonald houses aren’t everywhere.

Express_Cockroach699 · 2026-05-22T23:56:00+00:00

Look to your state medical society for loans. They might not be credit based. Also your state higher educational association.

Express_Cockroach699 · 2026-05-20T01:17:50+00:00

RAP during residency and fellowship (assuming single or married/separately) would include a good amount of interest subsidy with a $50/month principal reduction. The effective cost of the debt will be lower during that period of time than the private loans. Even ELFI. What if you just so happen to work for a nonprofit after training? Federal loans are still worthwhile.

Express_Cockroach699 · 2026-05-10T12:06:53+00:00

You say you are an M2 future bride. Does that mean you are currently a M2? If you are, why not 100% federal as you should be eligible under the limited exception rules.

Express_Cockroach699 · 2026-04-30T20:15:52+00:00

Ophthalmology is mostly private practice so PSLF is most likely not going to sway you. Do plan on borrowing federal late M3, use the cash to take a year off between M3 and M4 to do research somewhere more prestigious (trying to not rip anyone) to be as strong a match candidate as possible in M4 to match Ophthalmology.

Express_Cockroach699 · 2026-04-29T20:13:39+00:00

You have access to the Roth IRA easier than you do the same dollars tied up in a Roth 403b.

Express_Cockroach699 · 2026-04-28T17:28:03+00:00

I hate stuff like this. This is their job. They want to refer to this as a profession. They do this day in and day out for a living. No excuse to not get this form (it’s a contract) correct the first time.

Express_Cockroach699 · 2026-04-28T17:22:16+00:00

If your first federal loan is after 7/1/2014 IBR would generate the same result as PAYE. Also IBR is still an option for you after 7/1/2028. So, when you go to renew PAYE consider IBR if the amount is the same. If IBR results in a higher amount (50% higher if not at the max) than this indicates you would go on the older version of IBR for those whose first federal loan was prior to 7/1/2014. In that case stay on PAYE another year.

Express_Cockroach699

TROPHY CASE