Fiscal Cliff Cuts

[scienceguy19]

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Let's see what happens today... Are doctors ready for a 27% reimbursement cut???

 

[pathstudent]

Let's see what happens today... Are doctors ready for a 27% reimbursement cut???

I dont think this is part of the fiscal cliff but is that "flawed SGR" thing they have to fix every year.

However, I am concerned that given the political-economic environment, the cuts could be allowed to stand as part of the compromise.

And it will only cut medicare cases (approximately 30-40% of my business). However, you know the private insurers will come knocking demanding a similar cut.

 

[MOHS_01]

I dont think this is part of the fiscal cliff but is that "flawed SGR" thing they have to fix every year.

However, I am concerned that given the political-economic environment, the cuts could be allowed to stand as part of the compromise.

2% of it is fiscal cliff, the rest is the SGR cluster...

 

[lipomas]

Whether it happens or not it will get reversed, and retroactive changes will be made. Nothing will change until the next crisis in 6 months or 12 months or however long they choose to temporarily extend things this time around.

There is too much at stake to consider making the 27% cut stick, and too many players who are heavily involved. And the issue is too complicated to rework it to selectively attack the cuts for specific specialties or areas. Any cuts will most likely continue to come from the medicare payment board like they have been.

 

[LADoc00]

Ive taken my single biggest payday today in cashing out every S-corp I own. Now Im considering a 2 month holiday to see if this thing all shakes out.

 

[2121115]

Probably best to hold your medicare billing until this shakes out. I wouldn't submit anything until they have addressed this.

 

[Tissue issue]

http://www.cnbc.com/id/100346815

 

[LADoc00]

Win.

Now I have solid 6 figs sitting in my checking account and no clue what to do with it all (other than pay taxes with a good chunk of it).

Farm land? Bond Market? Commodities?

anyone have a suggestion?

Im also contemplating one of those high end nannies from Europe that look like a fashion model.

 

[Kunu]

Gas prices will inevitably start shooting back up any day. Is there a way invest in a futures market like thing to benefit from that?

 

[gbwillner]

Win.

Now I have solid 6 figs sitting in my checking account and no clue what to do with it all (other than pay taxes with a good chunk of it).

Farm land? Bond Market? Commodities?

anyone have a suggestion?

Im also contemplating one of those high end nannies from Europe that look like a fashion model.

REITs. The housing Market is rebounding, and compression due to Federal buy-back programs have severely (and artificially) lowered the price on these stocks to well-below book value. Even after compression and lowered divs factored in, you're looking at 8-15% returns. These are taxed as ordinary income.

 

[B***F*****]

Win.

Now I have solid 6 figs sitting in my checking account and no clue what to do with it all (other than pay taxes with a good chunk of it).

Farm land? Bond Market? Commodities?

anyone have a suggestion?

Im also contemplating one of those high end nannies from Europe that look like a fashion model.

Hookers.

 

[rollwithit]

Hookers.

Best username in life. You win the internet.

 

[malchik]

People with large bank accounts and nothing to do seem to favor the following option: You must purchase an English Premier League team and waste millions on over-hyped attacking player divas like Carlos Tevez and Mario Balotelli.

 

[LADoc00]

BFer- you very well maybe an unrecognized genius.

 

[Pathologee]

Give back to the field of pathology by making a large donation to your favorite organization?

 

[gbwillner]

Give back to the field of pathology by making a large donation to your favorite organization?

LADoc would never do that... he'd be much more likely to use the money to start his own PAC who's specific function would be to destroy CAP and replace them with Donald Trump.

 

[LADoc00]

Actually my 401K adviser just informed me that although Im maxed out in 1 corporation for the 50K contribution limit (a portion from my salary and a portion from the S-corp)...get this...if I owned a 2nd corporation I can contribute ANOTHER 50K from that corporation as well.

I literally did the happy dance in my office.

Basically if you are high income earner the trick is to partition your business into separate S-corps and max the contributions for each one, there's no theoretical limit on this (aside from each addition you need to take a minimum 200K in salary as well).

😍

 

[deleted314957]

Win.

Now I have solid 6 figs sitting in my checking account and no clue what to do with it all (other than pay taxes with a good chunk of it).

Farm land? Bond Market? Commodities?

anyone have a suggestion?

Im also contemplating one of those high end nannies from Europe that look like a fashion model.

RRPIX is aggressively speculative if interest rates go up. i don't think there is much room for them to go lower. for the same reason i would not do bonds. this is a leveraged fund designed to do 125% of the inverse of the 30 yr long bond. it IS speculation though and not investing.

 

[MetroPath]

Hookers.

Love your screenname. You and NuckingFuts must be related.