banner
You are not using a standards compliant browser. Because of this you may notice minor glitches in the rendering of this page. Please upgrade to a compliant browser for optimal viewing:
Firefox
Internet Explorer 7
Safari (Mac and PC)
Post Archive
2014 (0)2012 (8)
August (1)

Happy Birthday, Julia!
Wednesday, August 15, 2012
May (1)

EMR - Electronic Medical Records
Wednesday, May 9, 2012
April (1)

Step 1 - Shoot myself
Thursday, April 5, 2012
March (1)

Dinner Dare, pt 1
Monday, March 19, 2012
January (4)

Who's Got It Better Than Us?
Saturday, January 14, 2012

Tasting Menu - January 11, 2012
Wednesday, January 11, 2012

Food Labeling
Friday, January 6, 2012

Filtering - That Alfredo Guy...
Wednesday, January 4, 2012
2011 (28)
December (1)

So Unbelievably Mad Right Now.
Tuesday, December 6, 2011
November (2)

33 Years of Destroying Closet Doors
Monday, November 28, 2011

Filtering - Sous Vide
Wednesday, November 9, 2011
September (3)

DADT & An awesome video.
Tuesday, September 20, 2011

Hungry
Friday, September 16, 2011

Defending Serena
Monday, September 12, 2011
August (3)

Fair Compensation
Wednesday, August 17, 2011

Tasting Menu - August 10, 2011
Wednesday, August 10, 2011

Tasting Menu - August 3, 2011
Wednesday, August 3, 2011
July (5)

Tasting Menu - July 27, 2011
Wednesday, July 27, 2011

A Thrill, A Rush, A Change of Plans
Thursday, July 21, 2011

Tasting Menu - July 20, 2011
Wednesday, July 20, 2011

Feeding Controversy
Sunday, July 10, 2011

Avoiding Taxes
Tuesday, July 5, 2011
June (1)

Drunk Tennis
Monday, June 20, 2011
May (2)

I Want An Empty Waiting Room
Tuesday, May 31, 2011

About time!
Tuesday, May 24, 2011
April (2)

The Things I've Learned (so far)...
Thursday, April 21, 2011

Love Sucks, Play Hard.
Thursday, April 7, 2011
March (5)

School Lunches
Thursday, March 17, 2011

We Interrupt Your Regularly Scheduled Food Science Blog For...
Friday, March 11, 2011

But You're A Med Student!
Tuesday, March 8, 2011

Filtering - Equipment
Friday, March 4, 2011

Blurring The Lines - Part I
Thursday, March 3, 2011
February (2)

The Future of Food...?
Thursday, February 3, 2011

My Biggest Mistake - Oenology Edition
Tuesday, February 1, 2011
January (2)

Filtering - Maillard, Water & Errata
Tuesday, January 25, 2011

Filtering - Saucing It Up
Tuesday, January 11, 2011
2010 (4)
Rate This Post
Total votes: 0
Blogger Profile

JaySeeDub
School of Medicine
Dub C Med School CA USA

A med & grad student who used to work the line in LA, NYC, SF and Napa talking about the science of cooking and cooking with science. Harold McGee's On Food And Cooking - The Science and Lore of the Kitchen never satisfied my kitchen curiosity and more than one Chef grew exasperated with my asking "Why?" I'll try to stay on topic, but you may see a kvetch or two about the school & hospital.

My posts are presented as opinion and commentary and do not represent the views of LabSpaces Productions, LLC, my employer, or my educational institution.

Blog RSS Feed
RSS Add to My Yahoo Add to Google
Recent Comments
Comment by BeckonsAttore in EMR - Electronic Medical Records

Well, so emr software has it's problems, not like making them public wouldn't cause them any more trouble as it normally would in a paranoid mind, as this yannisguerra's perspective here. I've delv. . .Read More
Aug 08, 2013, 9:35am
Comment by Brian Krueger, PhD in Happy Birthday, Julia!

I'd gladly take on that burden if you were my roomie ;) . . .Read More
Aug 15, 2012, 4:25pm
Comment by JaySeeDub in Happy Birthday, Julia!

If it makes you feel any better, it could be worse. My roommates complain about expanding waistlines. . . .Read More
Aug 15, 2012, 2:33pm
Comment by Brian Krueger, PhD in Happy Birthday, Julia!

Your posts always make me so hungry and its 9am! I saw that amazon now has reruns of "The French Chef" available for streaming.  It made me want to go back and check some of them out.  I remember. . .Read More
Aug 15, 2012, 8:15am
Comment by yannisguerra in EMR - Electronic Medical Records

I feel your pain. It is really bad. Even worse when half of those pages are non important informations (like 5 copies of the same lab, including who ordered it, when, where, etc) So wastefu. . .Read More
May 10, 2012, 6:56pm
Tuesday, July 5, 2011

About two months ago, we (2nd year med students) recieved our contracts for FY2011-12. And I was pretty ticked off by my reclassification. No longer a student, now I'm an "independent contractor." Cool. That's fine. Been there before. But now I'm looking cold and hard at some previous student loans coming due. Which isn't terribly worrying. I can more than make the minimum calculated payment, and still make rent, tuition, books, fees.

I'm not terribly sure why we're now "independent contractors." Or at least why I am. I haven't discussed the specifics of my contract with other students, just vague general information. I do think I got the better end of the stipend stick, though. Some of my fellow students? Not so great at negotiating. We're still covered by the school's liability policy, and don't have to seek our own liability. We still have to pay into the school's health plan, which doesn't actually have such hot coverage. But apparently we were only "students" for that first year. Or at least I was.

However, I can now pull off a plan to severely decrease my tax burden. A good example was provided by Brett Arends at the Wall Street Journal back in April. My favorite part of that example is the 401(k) matching. Dipping in at both ends, and reducing the taxable income? I am so on that like white on rice. Between IRA and 401(k) contribution and matching (I'm my own employer again!), Lifetime Learning Credits, Health Savings Account, Health Insurance, and up to $2,500 in interest on student loans, I'm looking at a much, much lower check being written next year for 2011's tax filing. If I have to write one at all. Hopefully not, but capital gains can be a pain to mitigate.

I could probably lower my burden further by buying a home, but let's face it - any primary residence home, anywhere in the world is just a giant money sink. It's definitely not an asset, because you can't liquidate it quickly. You could probably borrow against it, but that money isn't real. You are now responsible for any and all maintenance required. Pay property taxes. And you have to insure the sucker. All in all? Not worth the savings on the interest of your mortgage.

Although, I bet I could reduce my burden further by doing some asset management on the side for fellow students, residents, physicians and researchers. They're not exactly the most finance savy bunch. And I've had to talk many people down from completely ludicrous financial positions. Home? Not an asset like I already said. Also, "401(k)"? That's a tax code. You aren't restricted to only $401,000 upon retirement. Offshore tax shelter? Those don't exist unless you want a nice vacation at Club Fed.

If I assumed some of their investment burden, I bet that would lower any capital gains for the year...

This post has been viewed: 282 time(s)

Tags:     

Blog Comments

Brian Krueger, PhD
Duke University
Rate Post:

Like 0 Dislike

So are you still paying tuition?  Or are you a fancy MD/PhD?  It seems like an odd title to give a student.


JaySeeDub
Dub C Med School
Rate Post:

Like 0 Dislike

I'm still paying tuition. I don't have a degree. As far as I can tell, everyone in my group is an "independent contractor." I've been meaning to talk to some of the 3rd and 4th years, to see if this is normal.

It was suggested by my advisor that it's part of our CFO's cost cutting attempts. Sticking us in the "independent contractor" grouping apparently lowers the liability insurance costs through the use of creative accounting. Mostly by paying the premiums at more spaced out intervals, giving the cash time to accrue interest in whatever money market account they draw checks against. It's a bit like how in undergrad the school would delay issuing reimbursement checks for financial aid at the last possible minute, and broken up as much as legally allowed. This gave the school time to collect on the interest as the money just sat there. Only instead of paying us, they're using it to lower the overall insurance burden of the school.


Alchemystress
Rate Post:

Like 0 Dislike

This is just not right. School should offer the health insurance ug I hate the system of health insurance.. shouldn't we take care of the people in this world that are educating themselves?

Add Comment?
Comments are closed 2 weeks after initial post.
Friends