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by yosef
Fri May 29, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a Company
Replies: 30
Views: 2466

Re: Leaving a Company

2 weeks is the standard. It's none of your current company's business when you start your new gig. If you decide to work longer because you have personal relationships with folks whom you believe you'd be hanging out to dry so be it, but I would definitely not feel obligated to do so.
by yosef
Tue May 26, 2015 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Ally Savings and MMA
Replies: 23
Views: 2890

Re: Ally Savings and MMA

Just pick one you are comfortable with and go for it. Any online institution will be a huge step up from a WF savings account (I know, I have one). We use Ally and like it. Their customer service, the couple or 3 times we have used it has been great. It is true they no longer offer the absolute best...
by yosef
Fri May 22, 2015 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3980

Re: Not able to max out all the retirement accounts

How much are you saving? How much do you already have saved? Age? Honestly, the people on here that are maxing out two 401ks and two IRAs and throwing more into taxable are a rarity in the real world. Reading this forum makes it seem common, but the average person doesn't need to be maxing out to s...
by yosef
Sun May 17, 2015 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should I apply for manager's job or continue as a techie?
Replies: 145
Views: 9831

Re: Should I apply for manager's job or continue as a techie?

Agree 100% with previous posters. You decided you didn't want the job, did you not? I don't see how having more experience than and/or not liking the person whom you think may get the job changes that at all. Personally, I'm still getting the vibe that neither the job you have nor the one you have b...
by yosef
Mon Apr 27, 2015 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Should I apply for manager's job or continue as a techie?
Replies: 145
Views: 9831

Re: Should I apply for manager's job or continue as a techie

The last two managers were promoted from the tech ranks. Do you feel that managers should mainly have excellent soft skills and not so much technical skills? It is a common complaint amongst techies that their managers are clueless when it comes to technology. They should without question have exce...
by yosef
Sat Apr 25, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I apply for manager's job or continue as a techie?
Replies: 145
Views: 9831

Re: Should I apply for manager's job or continue as a techie

I'll be more blunt than some: No, you shouldn't apply for the job. I say that based on what I've seen from your responses thus far, and based on my own experience as a SW engineer. You aren't the management type, and once you make that leap you could find going back difficult. If you do apply, there...
by yosef
Mon Apr 13, 2015 9:41 am
Forum: Investing - Theory, News & General
Topic: New York Times article on bond funds
Replies: 24
Views: 3407

Re: New York Times article on bond funds

Thanks for the explanation. I can definitely see how such a move would not be well received by individual investors.
by yosef
Mon Apr 13, 2015 8:53 am
Forum: Investing - Theory, News & General
Topic: New York Times article on bond funds
Replies: 24
Views: 3407

Re: New York Times article on bond funds

Can someone give a layman's explanation of in-kind redemptions?
by yosef
Mon Apr 13, 2015 7:52 am
Forum: Investing - Help with Personal Investments
Topic: ESPP Worth It?
Replies: 17
Views: 1273

Re: ESPP Worth It?

This is a pretty bad deal as far as ESPPs go. Unless there is a substantial "look back" period and your company is growing like gangbusters I'd probably skip it. Edit: I missed that this is every 3 months, which makes it a bit better I guess. If you can sell the shares immediately go for it.
by yosef
Fri Mar 20, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: job offer, 2x salary
Replies: 53
Views: 5094

Re: job offer, 2x salary

thanks for the advice. Frankly, if i could make 50%-75% more, i would stay. But for 100% more, it is hard to stay. I just have not switched jobs a lot, so this is fairly new to me. Some of you are quite experienced in switching every 5-10 years. I never listened to the headhunters until this happen...
by yosef
Fri Mar 20, 2015 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Lowest income at which able to Max 401k and IRA
Replies: 31
Views: 2817

Re: Lowest income at which able to Max 401k and IRA

I make close to the same as you. Definitely switch to Traditional 401k, and keep the Roth IRA. And yes, that car payment is nuts. If you really feel like it's a mistake, you should sell the car and get into something more affordable. If the payment is $700 a month then I'm guessing it's a car that's...
by yosef
Wed Mar 04, 2015 3:37 pm
Forum: Investing - Theory, News & General
Topic: "Americans Aren't Saving Enough for Retirement"
Replies: 41
Views: 5089

Re: "Americans Aren't Saving Enough for Retirement"

I always chuckle when I read the statement that is the thread title. Americans keep retiring despite that statement. So what's wrong with that? But aren't we only now starting to enter the era in which retirees are going to be depending much more on SS and their own retirement savings as opposed to...
by yosef
Wed Mar 04, 2015 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 17
Views: 2757

Re: Talking Salary Tomorrow - HELP!

Companies always give raises based on a percentage, and when viewed in that light, 9% is pretty darn good. If you are shooting for an instant, dollar amount bump to the average for your group then I have to agree with others that your only choice is to look elsewhere.
by yosef
Wed Feb 04, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are car loans really that bad?
Replies: 86
Views: 7591

Re: Are car loans really that bad?

Stop making payments on the loan, then you'll see how bad they can be when the tow truck repossesses your car - now you have no money and you have no car and there you are! :twisted: That's the main problem I have with a car loan (or any loan). It puts you "on the hook" for the payment ev...
by yosef
Wed Feb 04, 2015 9:53 am
Forum: Personal Finance (Not Investing)
Topic: How to fire a client? [software ownership issues]
Replies: 69
Views: 5253

Re: How to fire a client? [software ownership issues]

You can't compare the licensing models of closed source, "shrink wrapped" software produced by a mega corp with independent development work done by a contractor. OP wants to bail on this client; that's his prerogative. But unless the application is trivial, it is useless to the client wit...
by yosef
Wed Jan 28, 2015 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone know when CD rates will increase?
Replies: 70
Views: 5693

Re: Anyone know when CD rates will increase?

Not to derail the thread too much, but I agree that the new Ally site looks like it was designed for the visually impaired.
by yosef
Wed Jan 28, 2015 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Moving up a tax bracket - when to avoid, when to give up
Replies: 26
Views: 2690

Re: Moving up a tax bracket - when to avoid, when to give up

If you've got any long term cap gains in taxable and you'd like to realize them at that attractive tax rate of 0% and it's not impossible/too much effort to remain in 15% tax bracket to do so: makes sense. The problem with this is that if you're otherwise in the 25% bracket it's likely going to be ...
by yosef
Tue Jan 27, 2015 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Moving up a tax bracket - when to avoid, when to give up
Replies: 26
Views: 2690

Re: Moving up a tax bracket - when to avoid, when to give up

The question, which I think is a good one because I'm in a similar situation, is essentially is it worth switching from Roth to Traditional to stay out of the 25% bracket. The Roth was an easy call when we were solidly in the 15% bracket. Now I'll have to switch my wife's IRA contributions to Tradit...
by yosef
Tue Jan 27, 2015 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Do you respond to recruiters contacting you?
Replies: 27
Views: 2265

Re: Do you respond to recruiters contacting you?

Almost never. I hold recruiters in about the same regard as the stereotypical used car salesman.
by yosef
Sun Jan 11, 2015 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Newbie - Need high level assessment and suggestions
Replies: 14
Views: 980

Re: Newbie - Need high level assessment and suggestions

You don't say where the $130k savings is; I'm assuming it's in a savings account. If so, and the expenses you are targeting that money for are sufficiently down the road, I'd say that's a bit much to have tied up in cash earning very little return. I personally think your bond concerns may in fact b...
by yosef
Sat Jan 10, 2015 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: How to deal with ESPP/RSUs in portfolio, and other questions
Replies: 6
Views: 803

Re: How to deal with ESPP/RSUs in portfolio, and other quest

Regardless of how it's acquired, the thing to keep in mind about employer stock is that you already have a lot of your livelihood tied up in that company simply due to the fact that you work there. So often, the prudent thing to do is sell the stock as soon as possible and reinvest in something more...
by yosef
Fri Jan 09, 2015 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Almost Clear of Debt, Want to Optimize 401k in Meantime
Replies: 10
Views: 1424

Re: Almost Clear of Debt, Want to Optimize 401k in Meantime

The Freedom index funds are very good, personally I'd put 100% into the one with the asset allocation that you prefer (ignore the target date). You don't mention your current balances or your income, but IMHO $250 a month in retirement contributions isn't going to get you there. I agree with priorit...
by yosef
Mon Jan 05, 2015 9:06 am
Forum: Investing - Help with Personal Investments
Topic: 401k Review
Replies: 13
Views: 1082

Re: 401k Review

There are many here way more knowledgeable than I, but what jumps out at me the most here is that you have way too many funds. Since you're basically just starting out, your savings rate will be by far the biggest influence your portfolio growth. You could do a lot worse than simply sorting your ava...
by yosef
Fri Jan 02, 2015 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: A little portfolio advice for a novice?
Replies: 16
Views: 1181

Re: A little portfolio advice for a novice?

If your existing IRA is not your wife's, is it a non-deductible IRA? As I understand it, you are not eligible to deduct Traditional IRA contributions if you are eligible for a 401k plan with your employer. In this case, your IRA should be a Roth. The spousal IRA can be either Roth or Traditional unt...
by yosef
Fri Jan 02, 2015 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Managing Household Records
Replies: 12
Views: 1462

Re: Managing Household Records

Such record keeping articles were useful back when records were on paper and the file boxes were always full; with paperless records now they are less so. Consider that 10 years of full household records take less space on my hard drive than last summer's vacation photos. It hardly makes it worth t...
by yosef
Wed Dec 31, 2014 3:40 pm
Forum: Investing - Theory, News & General
Topic: Why donate to charity?
Replies: 61
Views: 4264

Re: Why donate to charity?

Can people read the thread? OP has already explained he donates and volunteers.
by yosef
Wed Dec 31, 2014 11:54 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) with minimal match versus Roth IRA
Replies: 16
Views: 1263

Re: 401(k) with minimal match versus Roth IRA

Obviously take the free $1000 first, which it sounds like you are. Beyond that, it's a tough call that will come down in large part to your marginal tax rate now vs what you anticipate it being in retirement. I'd lean whichever way that calculation leads you but also hedge your bet by contributing s...
by yosef
Wed Dec 31, 2014 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Boglehead WIP
Replies: 8
Views: 1249

Re: Boglehead WIP

In general it is preferable to use the asset allocation rather than the date when choosing a target retirement fund. Most firms (including Vanguard) have gotten very aggressive with their glide paths in an effort to avoid looking like they underperform when compared with other firms funds with the s...
by yosef
Mon Dec 15, 2014 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 102
Views: 8773

Re: What are your 2015 Financial Goals?

Continue to max all retirement accounts.

Open a taxable account and deploy some excess cash I've had laying around.

Sell our house and move into a larger home.
by yosef
Mon Dec 15, 2014 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Most/Least Boglehead 2014 Activity?
Replies: 93
Views: 9914

Re: Most/Least Boglehead 2014 Activity?

Most: Maxed all tax deferred accounts and saved a lot more from my severance package.

Least: Still have way too much money in cash with no defined purpose.
by yosef
Mon Dec 15, 2014 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Embarrassingly stupid question
Replies: 25
Views: 4589

Re: Embarrassingly stupid question

I think this particular rule of thumb is intended to be applied to pre-tax income. We can argue about how appropriate or not it is, but I think that's the intent.
by yosef
Fri Nov 21, 2014 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 60
Views: 5964

Re: How should wife counter salary offer within current co.?

Not sure how you're supposed to get a lot of leverage in this situation. Unless she was in the market elsewhere prior to applying for this position internally, she's probably not going to be able to secure another offer before having to give a decision on this one. And I would think that turning dow...
by yosef
Thu Nov 20, 2014 9:04 am
Forum: Personal Finance (Not Investing)
Topic: What were your biggest financial emergencies?
Replies: 45
Views: 7194

Re: What were your biggest financial emergencies?

I think you're going to be hard-pressed to find examples of emergency expenses that require cash in hand on short notice, at least if you operate within the law ;) Given that, keeping most of your emergency funds in a brokerage type account is likely fine, provided that some combination of the accou...
by yosef
Thu Nov 20, 2014 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 5606

Re: Trapped deciding between 2 Jobs: Can I renege on my offe

I would laugh out loud if someone told me this after we'd written an offer. Once someone is on the shortlist, we expected them to be ready to roll once we made an offer that was acceptable. FWIW, this perfectly logical approach will not sit very well with the hiring manager and may get the offer re...
by yosef
Wed Nov 19, 2014 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 5606

Re: Trapped deciding between 2 Jobs: Can I renege on my offe

Company A is interested in me, and I am interested in them. Most likely if an offer comes, it will be by Jan 2015, maybe even earlier. Company B is a bit slow, and they will only start phone screens in Dec/Jan 2015, and offers in Feb 2015 earliest. I do not think I can stall Company A for one month...
by yosef
Wed Nov 19, 2014 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 5606

Re: Trapped deciding between 2 Jobs: Can I renege on my offe

This is the dance you have to do when interviewing. Just be thankful that your first choice will likely respond first (the other way around is worse). You should keep both companies in the loop with regard to where you are in the search process with other companies. If an offer comes in, you'll need...
by yosef
Wed Nov 19, 2014 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Heads up one of the better reward credit card I've seen.
Replies: 54
Views: 12244

Re: Heads up one of the better reward credit card I've seen.

I have the old Blue Cash which, based on my back of the envelope calculations, is a better deal for us. The old card pays 1% less on groceries, 2% more on gas, and the same 1% on everything else. But the grocery spending has no limit, as opposed to the $6k limit with the BCP. The cash back rates on ...
by yosef
Wed Nov 19, 2014 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to track / monitor all your accounts
Replies: 12
Views: 1483

Re: Best way to track / monitor all your accounts

I use Mint and like it for keeping tabs on things like balances, cash flow, and budgeting. As someone else mentioned, the investment portion of Mint is pretty useless. I have my investment accounts added just so I can keep track of my net worth. Mint is not as full featured as most desktop financial...
by yosef
Sun Nov 16, 2014 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: How To Invest Your Emergency Fund?
Replies: 97
Views: 16180

Re: How To Invest Your Emergency Fund?

6 months is not enough to bother with tiering it IMO. I'd just throw it in an online savings account and be done with it. I personally use Ally.
by yosef
Tue Nov 11, 2014 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate of -2% for those under 35 - WSJ
Replies: 69
Views: 5153

Re: Savings rate of -2% for those under 35 - WSJ

I'm on the older edge of the millenials (32) and in a creative field. I don't have access to a 401(k) (to say nothing of a match!) or a pension and most of my peers are in the same boat. Either we are 'self-employed' or working at small companies that don't offer benefits. Even though I am now work...
by yosef
Tue Nov 11, 2014 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to student debt advice
Replies: 32
Views: 5078

Re: Approach to student debt advice

Paying down the student loan debt should be a top priority, that is a very high rate on a large amount of money. Only you and your wife can decide if using "her" money for that is appropriate, but personally I feel that when you are married the distinction of "yours" and "he...
by yosef
Tue Nov 11, 2014 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate of -2% for those under 35 - WSJ
Replies: 69
Views: 5153

Re: Savings rate of -2% for those under 35 - WSJ

I agree that this seems more attributable to economic factors such as stagnant wages, rising cost of education, etc rather than lack of finance education. I mean, I'm all for schools offering financial education, but in the information age there's no reason people should be less educated about anyth...
by yosef
Sun Nov 09, 2014 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Few questions before investing(that I couldn't find answers)
Replies: 16
Views: 1908

Re: Few questions before investing(that I couldn't find answ

You can invest for any goal, but generally the shorter your time horizon for that goal, the more conservatively you must invest. Most folks here will tell you that no money you are likely to need within the next 5 or perhaps even 10 years should be in stocks. And you'll find that beating that 1% you...
by yosef
Sun Nov 09, 2014 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: War on Debt
Replies: 247
Views: 33409

Re: War on Debt

Hard to say anything that hasn't already been said, but this stance of doing what you can without ruffling your wife's feathers (which honestly seems pretty easy to do) is never going to work. You 2 need to get on the same page financially. That absolutely has to be priority 1. Both of you have to c...
by yosef
Mon Nov 03, 2014 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Using prepaid legal plan for first draft will
Replies: 4
Views: 803

Re: Using prepaid legal plan for first draft will

We had the Hyatt legal plan also and have no complaints at all. Had will done for myself and my wife last year. You still go to "real" attorneys, they just need to participate in the plan. There was no shortage of attorneys that did in my area.
by yosef
Sat Nov 01, 2014 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Tips on winning a small claims court case in California...
Replies: 24
Views: 3102

Re: Tips on winning a small claims court case in California.

You're wise to hold off on filing suit. You'd be wiser still to heed the advice given here and to realize that pursuing this is simply throwing good money after bad. You purchased a 15 year old car with a poor reliability record sight unseen from halfway across the country and got burned, period. Al...
by yosef
Fri Oct 31, 2014 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Policy Increased 26% in 2 Years
Replies: 29
Views: 2768

Re: Homeowners Policy Increased 26% in 2 Years

I see you're from NC. Insurance companies have grown increasingly dissatisfied with the rates they are permitted to charge here for homeowners insurance. This has been going on for years. A few years ago, Allstate said they would drop our homeowners policy unless we also gave them our auto. Since th...
by yosef
Fri Oct 31, 2014 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: What to ask for when negotiating a severance package?
Replies: 26
Views: 2244

Re: What to ask for when negotiating a severance package?

+1 to what many other posters are saying. There is no negotiation. You will take what is offered, period. Not sure why anyone would think otherwise.
by yosef
Tue Oct 07, 2014 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Another "Am I ready to buy?" post
Replies: 3
Views: 1005

Re: Another "Am I ready to buy?" post

I'd say you can definitely afford it; though how long do you anticipate you'd keep a 1BR condo? If kids in 5 years is a real possibility then it seems like such a purchase would be short-lived.
by yosef
Tue Oct 07, 2014 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Wife Expecting, Down to One Income Source
Replies: 116
Views: 9581

Re: Wife Expecting, Down to One Income Source

My wife hasn't worked in 9 years. She quit to be a SAHM with our son in 2005, and then life happened and it took longer than we wanted to have our second child. She will likely return to work in a couple of years. Without knowing anything about your specific financial situation, I'd say you will be ...

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