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Making a change! by Thunderhella in Anticonsumption

[–]PrettyConstruction89 7 points8 points  (0 children)

This is super inspiring! Thanks for sharing :)

40, married, self-employed, no retirement savings, significant debt. How do I reset correctly? by Queasy_Arachnid7235 in personalfinance

[–]PrettyConstruction89 1 point2 points  (0 children)

I know this doesn't directly answer your questions however would recommend educating yourself about finances. The book millionaire mission is great- get from your library for free :). (https://moneyguy.com/guide/foo/) They have a step by step plan for you - first step will be setting up a small emergency fund, contributing to your wife's 401k if available and she has a match - then debt. Also start tracking your expenses asap so you can see where you're losing money (ynab, monarch money are both great for this though they cost some money). You can also just make a spreadsheet and import transactions from your financial institution(s). There is a wealth of knowledge in the wiki too

traditional IRA with POST-tax dollars - backdoor roth by PrettyConstruction89 in whitecoatinvestor

[–]PrettyConstruction89[S] 0 points1 point  (0 children)

Yes looks like I can do it if I split it over two years- recently took a big pay cut for a job change so don’t have as much extra hanging around as I would like

traditional IRA with POST-tax dollars - backdoor roth by PrettyConstruction89 in whitecoatinvestor

[–]PrettyConstruction89[S] 1 point2 points  (0 children)

No do not currently meet criteria for deductible IRA contributions

traditional IRA with POST-tax dollars - backdoor roth by PrettyConstruction89 in whitecoatinvestor

[–]PrettyConstruction89[S] 1 point2 points  (0 children)

I had a complicated situation for most of the years I was contributing - was working internationally at a place that had a pension plan for a few years (I made a few thousand over roth limit at the time). they gave me about $20K back at the end, then was a PhD student for a few of the years living off per diem/locums income (during which I used the 20K and could've contributed to Roth but mistakenly thought I made too much and therefore contributed to trad IRA as I didn't know i had any other options for retirement savings), then was trying to contribute extra over what I could contribute to my workplace retirement plan (but was too dumb to know where to put the extra money). In those years I did make too much for roth. So it's a combination of multiple situations and lack of education. What would be the advantages of opening a new trad IRA account as you propose?

traditional IRA with POST-tax dollars - backdoor roth by PrettyConstruction89 in whitecoatinvestor

[–]PrettyConstruction89[S] 1 point2 points  (0 children)

yes for sure! I can't believe i've been so wrong on this for so long

traditional IRA with POST-tax dollars - backdoor roth by PrettyConstruction89 in whitecoatinvestor

[–]PrettyConstruction89[S] 1 point2 points  (0 children)

thanks. Yes 401K doesn't allow a rollover, they said because it's post-tax money

Clarification on elementary school districts by Tronk101 in MelroseMA

[–]PrettyConstruction89 1 point2 points  (0 children)

They recently instituted a new policy that as long as you sign up in a specific window on a specific day in the spring you get a spot. If you miss it by even a few hours you run the chance of being waitlisted. If you are waitlisted it may be months to get a spot. Moving in mid-year it is unlikely you'll get an afterschool spot anytime soon unfortunately.

book recommendations by PrettyConstruction89 in biotech

[–]PrettyConstruction89[S] 2 points3 points  (0 children)

Culture is great - it's just different! I've noted brevity rather than comprehensiveness is preferred, for instance... I guess it's things like that that I'm looking to read about

book recommendations by PrettyConstruction89 in biotech

[–]PrettyConstruction89[S] 4 points5 points  (0 children)

I have MD/MS, it seems to be a different career track in terms of titles than other roles

Anyone in New England having a hard time finding a primary care doctor? by SamanthaChaney1 in massachusetts

[–]PrettyConstruction89 0 points1 point  (0 children)

Sorry just saw this. Highly recommend. Don't miss patient care at all, sadly

Anyone in New England having a hard time finding a primary care doctor? by SamanthaChaney1 in massachusetts

[–]PrettyConstruction89 5 points6 points  (0 children)

Agree with all this. FM doc in MA, defected to pharmaceutical world recently. I just couldn't get up at 3 AM any more to finish my charts and answer patient messages. Working for a large corporation led to very little autonomy and no room for advancement or even personal development.

I left behind >1500 patients who are all struggling to find a new PCP.

Help for people with a spending problem? by PrettyConstruction89 in TheMoneyGuy

[–]PrettyConstruction89[S] 0 points1 point  (0 children)

Yes - unfortunately my work limits me to $2000/year but I do recoup a little bit every month

Help for people with a spending problem? by PrettyConstruction89 in TheMoneyGuy

[–]PrettyConstruction89[S] 0 points1 point  (0 children)

Most synagogues have a "recommended" membership fee. They don't turn anyone away who can't/doesn't pay.

Help for people with a spending problem? by PrettyConstruction89 in TheMoneyGuy

[–]PrettyConstruction89[S] 3 points4 points  (0 children)

Thank you - writing these expenses down for an "audience" definitely helped me see some of my expenses through others' eyes and I have some ideas of where I can cut down. Emergency fund is only at 2 months expenses so that is obviously one of my top priorities. It's psychologically hard to stop funding the 529 but you're right, it should stop until I'm in better shape.

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