Finance Friday Articles
- 1099 Independent Contractors Can’t Ignore These 11 Issues
- Eight Lessons From Building A Seven-Figure Real Estate Portfolio (And Adding $1M A Year)
- How Much Should You Have Saved in Your 30s?
- How to Improve Your Returns? #InvestLikeAGirl
- Inflation Ahead?
- Is Passive Real Estate Investing Really Passive?
- The Best Inflation-Fighting Investments for Retirees
- The Craziest Market I’ve Ever Seen
- There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market
- Which Bonds Provide the Biggest Diversification Benefits?
Throwback Thursday Classic Post – Asset Location
Here’s a tip on asset location from one of my favorite blogs and authors, Jonathan Clements from Humble Dollar:
After deciding what investments to buy, we should consider asset location. What’s that? It involves divvying up investments between taxable and retirement accounts. If investments generate large annual tax bills—think taxable bonds and actively managed funds—we’ll typically want to hold them in a retirement account.
Jonathan’s advice is the traditional advice. Put your taxable bonds, like the Thrift Savings Plan (TSP) F and G funds, into your retirement accounts. This is what I do. My F and G funds are in the TSP, clearly a retirement account.
I don’t own actively managed funds, and I also don’t invest in real estate investment trusts (REITs), although I have in the past and I think about it pretty frequently.
There is another school of thought, though. The White Coat Investor has a different take. You can read about them in his posts entitled My Two Asset Location Pet Peeves and Bonds Go in Taxable!
Of note, just about everyone says to put actively managed funds or REITs in a retirement account, so you won’t find any arguments there.
If you’re really interested in this concept/discussion, the Bogleheads Wiki on tax efficient fund placement is a great read as well.
1st MLG Surgeon – Summer 2021 – O5/O6
The 1st MLG Surgeon position will become available June 2021. Here is the PD for the position:
All Interested candidates should submit their CV and military bio to me (Joel dot M dot Schofer dot mil at mail dot mil) by COB 30 APR 2021.
May’s Continuous Medical Corps Symposium Lecture – Dr. Dale Smith Presenting The History of the Medical Corps
After having our Medical Corps Symposium cancelled numerous times due to COVID, we decided to just transition to a continuous, online symposium where we present one talk each month that you can view live or watch recorded. Here is a message about May’s talk:
Leaders,
Our 2021 Continuous Medical Corps Symposium has kicked off! Please disseminate the flyer and encourage maximum viewing of Dr. Dale Smith’s lecture on the History of the Navy Medical Corps:
We will be hosting a live Q&A session with Dr. Smith on Microsoft Teams at 1200 EST on 05 May. The video can be viewed at https://youtu.be/j4wHwJezFKA. Please encourage maximum participation in the live event as it will be one of the last events for Dr. Smith before he retires. For any questions, please contact LCDR Jennifer Eng-Kulawy (contact in the global).
Very Respectfully,
Jennifer Eng-Kulawy, MD
LCDR, MC, USN
Medical Corps Liaison Officer
Office of the Corps Chiefs (M00C1)
Diplomate, American Board of Pediatrics, General Pediatrics and Pediatric Hospital Medicine
Bureau of Medicine and Surgery
M00C1 1NW148B
7700 Arlington Blvd
Falls Church, VA 22042-5135
Bookmark the Medical Corps Chief’s Office Webpage and stay current!
https://esportal.med.navy.mil/bumed/m00/m00c/M00C1/SitePages/Home.aspx
Follow our new public website at https://www.med.navy.mil/Pages/MedicalCorps.aspx!
Follow us on Twitter, Medical Corps Chiefs Office @navy_physician for up to date information, career information and highlights within our Corps!
Follow us on Facebook, Office of the Medical Corps Chief and on Instagram, @medical_corps_chiefs_office to contact us and learn more about our Corps!
One Way to Get Operationally Relevant and Advance Your Career – Go Undersea Medicine
Every year promotion boards are placing more emphasis on operational contributions. Here is one way to get operationally relevant if you are residency-trained:
Colleagues,
Residency trained physicians are encouraged to become Undersea Medical Officers. Positions are available with operational units, research facilities, training commands, MTFs, and overseas. If you would like more information about billets contact the Undersea Medicine Specialty Leader, CAPT James Mucciarone (contact info is below). If you would like information about training, visit the Naval Undersea Medical Institute website and go to the tab for Prospective Undersea Medical Officer (https://www.med.navy.mil/sites/nmotc/numi/UMOApply/Pages/default.aspx).
V/R
James J. Mucciarone, MD, CPE
CAPT, MC, USN
Force Medical Officer
Commander Submarine Force
U.S. Pacific Fleet
Undersea Medicine Specialty Leader
Office: (808) 473-5789
Cell: (757) 817-7380
NIPR: james dot mucciarone at navy dot mil
FY22 Milestone Note and Application Procedures
Here are BUMEDNOTE 1410 and NAVMED 1410/1, both of which tell you how to apply for milestone positions. For the MC, that is Chief Medical Officer (CMO) and Officer-in-Charge (OIC). Other Corps include Director for Administration (DFA), Chief Nursing Officer, and Director for Dental Services:
The list of available positions is still being finalized, so I don’t have that yet.
Bottom line…do you want to promote to O6? Do you want a job that translates very easily to a leadership position in the civilian world when you get out? Do you want a job that will translate to an XO job? Milestones fit the bill for all of this.
In addition, we are encouraging CAPT and CAPT(s) to step up and apply for these positions as well, if interested. We need senior leaders for these roles.
If there are any questions, please reach out to me.
Finally, please see this note from our admin staff about hyperlinks not working in the PDF:
Just a heads up, a couple people now have asked about a “hyperlink issue” with the 1410. The URLs in the notice are correct; however, because Secretariat included hyperlinks and all the links are split on multiple lines, due to a PDF kink all links in the 1410 are adding “%20” at the beginning of each new line when you click or copy and paste.
To make it clear, here is how one split link appears when you click the hyperlink or copy/paste:
https://esportal.med.navy.mil/bumed/m00/%20m00c/pages/executive-medicine.aspx (you will get a 404 not found error if you go to this link)
And here is the actual URL as written in the notice (the correct URL):
https://esportal.med.navy.mil/bumed/m00/m00c/pages/executive-medicine.aspx
We cannot change this. The URLs are correct as written and it’s a PDF glitch. To work around, personnel are advised to go to their browser window and type in the URL exactly as it appears in the notice (NOT click and NOT copy/paste). Alternately, they can delete any %20 that appears in the link if they still insist on click or copy/paste.
Joel Schofer's Career Planning Blog 