National Capital Consortium Ophthalmology Program Director
Here is the announcement/recruitment letter for the Program Director position for the NCC Ophthalmology Residency.
The memorandum to the Surgeons General requests the widest dissemination of the announcement to ensure that all physicians desiring an assignment as a Program Director have the opportunity to apply.
Here also is the DoD Policy and Selection Criteria for GME Program Directors, as well as the ACGME requirements for this position.
Please note: Applicants are required to submit a CV and Letter of Intent to apply for the position.
An applicant’s CV must include a section about faculty development activities that they have done.
An applicant’s CV must demonstrate at least 3 years of documented education and/or administrative experience, as well as ongoing clinical activity in the (sub)specialty for which they are applying.
An applicant’s CV must demonstrate current board certification in the (sub)specialty in which they are applying. Current medical licensure must also be documented on the CV.
An applicant’s CV must demonstrate current ongoing scholarly activity.
The Letter of intent must include the candidate’s level of commitment to GME and the Program Director position, including the number of years they are willing to serve, and that if selected, that they will accept the position. This program is 6 years in length.
Navy applicants must submit to CDR Melissa Austin at BUMED (contact info is in the global).
Finance Friday Articles
Here is my article of the week, which I picked because of #3 in the article, which is particularly relevant to the value of a military pension:
Here are the rest of this week’s articles:
5 Reasons to Pay Off Your Debt
5 Ways to Increase Your Investing Returns
Eight Reasons You Will Never Reach Financial Independence
Establishing Your Own Charity Via a Donor Advised Fund
Get an Alpine Start to Your Finances!
Half of Retirees Afraid to Use Savings
How Does Home Ownership Fit Into An Investment Portfolio and Financial Plan?
How do super savers know when they can quit their jobs?
How To “Lie” With Personal Finance
How To “Lie” With Personal Finance – Part 2 (Homeownership Edition)
Landing a Doctor Job: How to Compare Positions for Physicians
Planning for Retirement is a Guessing Game
Quit Buying Cars On Credit – 15 Reasons to Pay Cash
The 60/40 Strategy Has Worked Even When Bond Returns Have Disappointed
Top 5 Reasons to Exceed 25 Years of Expenses Before Retiring
Why It’s So Important to Diversify Your Real Estate Portfolio
Throwback Thursday Classic Post – How to Read Your Performance Summary Report (PSR)
One of the most important documents viewed during promotion boards is your Performance Summary Report or PSR. It is the document that summarizes all of your FITREPs for the board, and it can be difficult to interpret. I created a screencast that will show you how to read your PSR. Here are the PPT slides and the screencast:
2020 Version of Promo Prep is Ready!
If you want the 2020 version of my Promo Prep, go to this site where you’ll always find the most up-to-date version:
The Easiest Way to Figure Out Your Optimal TSP Investment Plan
If you invest in the Thrift Savings Plan (TSP), you need to come up with a plan for how you are going to invest. Here is the easiest way to come up with that plan.
Step 1 – Figure Out Your Asset Allocation
In the TSP, you can only invest in two broad asset classes – stocks and bonds. Because of this, the first decision you need to make is how you are going to divide your TSP among these asset classes.
To figure this out, take this Vanguard survey.
At the top of the page it will give you a suggested allocation, such as 80% stocks and 20% bonds. Jot this down somewhere.
Step 2 – Find the TSP Lifecycle Fund That Most Closely Matches This Asset Allocation
Here are the current broad asset allocations of the TSP Lifecycle Funds as of 13 OCT 2019:
| FUND | STOCKS | BONDS |
| L Income | 21% | 79% |
| L 2020 | 26% | 74% |
| L 2030 | 60% | 40% |
| L 2040 | 72% | 28% |
| L 2050 | 82% | 18% |
Pick the one that is closest to your suggested asset allocation from the Vanguard survey. For example, if the survey said you needed 80% stocks and 20% bonds, I’d pick the L 2050 fund because it is closest.
Step 3 – You’re Done
Seriously, it is that simple. I’m not saying this is the best strategy, but it is the easiest and in all honesty, if someone MADE me do this, I’d be fine with it. It is very reasonable way to approach saving for retirement, which is why I’m telling you about it.
Why do I make you take a Vanguard survey instead of just picking the Lifecycle fund that is closest to the year you want to retire? Because the Lifecycle funds are a little too conservative for my tastes and when you compare them with other target date funds. For example, the Lifecycle 2040 is 72% stocks and 28% bonds. The Vanguard Target Retirement Date 2040 is more aggressive at 83% stocks and 17% bonds, which I think is more appropriate.
Finance Friday Articles
Here is the article of the week:
Improving the Odds of Your Portfolio’s Success
Here are the rest of this week’s articles:
5 Money Myths that Explain Why Doctors are Bad With Money
Active vs Passive Real Estate Investing
A man who retired at 43 says he made 2 important money decisions before leaving work
Balanced Funds – The Mild Salsa of Personal Finance
Bond Investors Should Not Fear Rising Interest Rates
BRS Basics: It’s Never Too Late to Be Smart About Retirement
Disney Renews Armed Forces Salute for Another Year
Physicians Are Turning to Side Hustles Now More Than Ever. Why?
Spend Money On What Makes You Happy
Top 5 Reasons to Exceed 25 Years of Expenses Before Retiring
Top 5 Ways a Virtual Assistant Improves My Life
Vanguard’s Impersonal Advisor Service
Vanguard’s Upcoming “Digital Advisor” Program
Yet Another Reason to Use Index Funds
Throwback Thursday Classic Post – FY20 CAPT Board Statistics and Basic Promotion Board Math
The FY20 Staff Corps O6 promotion board basic statistics are here. Let’s go over the basic stats for Medical Corps so that everyone understands them as they can be very confusing.
According to page 2 of the convening order, the promotion opportunity was 81%. The number of people in zone was 96. In order to find the total number of officers they could select for promotion, you take the promotion opportunity x the size of the zone:
(81% promotion opportunity) x (96 officer zone size) = 78 officers could be selected for promotion
As you see in the stats, they selected exactly 78:
- Above Zone – selected 24 of 134 or 18%
- In Zone – selected 49 of 96 or 51%
- Below Zone – selected 5 of 162 or 3%
As you can see, even though the promotion opportunity was 81%, the chance you got selected in zone was only 51% because selects came from above and below zone.
NMCSD Director of Medical Services Position – O5/O6
All of the details of this position are in this document, with applications due 25 OCT 2019:
Congressman and Veteran Seth Moulton on Mental Health In the Military
Here’s a link to this very powerful article:
Congressman and Veteran Seth Moulton on Mental Health In the Military
Joel Schofer's Career Planning Blog 