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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
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: 88
Views: 4218

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 9:41 am
 
Forum: Investing - Theory, News & General
Topic: New York Times article on bond funds
Replies: 24
Views: 3359

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 8:53 am
 
Forum: Investing - Theory, News & General
Topic: New York Times article on bond funds
Replies: 24
Views: 3359

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
Mon Apr 13, 2015 7:52 am
 
Forum: Investing - Help with Personal Investments
Topic: ESPP Worth It?
Replies: 17
Views: 1201

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 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: job offer, 2x salary
Replies: 53
Views: 4929

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
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: 2712

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 3:37 pm
 
Forum: Investing - Theory, News & General
Topic: "Americans Aren't Saving Enough for Retirement"
Replies: 41
Views: 4936

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 Mar 04, 2015 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 17
Views: 2675

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 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are car loans really that bad?
Replies: 86
Views: 7114

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 Feb 04, 2015 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: How to fire a client? [software ownership issues]
Replies: 69
Views: 5106

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 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone know when CD rates will increase?
Replies: 70
Views: 5596

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
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: 2663

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 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Moving up a tax bracket - when to avoid, when to give up
Replies: 26
Views: 2663

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
Tue Jan 27, 2015 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you respond to recruiters contacting you?
Replies: 27
Views: 2181

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
Sun Jan 11, 2015 10:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie - Need high level assessment and suggestions
Replies: 14
Views: 932

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
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: 770

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
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: 1403

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
Mon Jan 05, 2015 9:06 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k Review
Replies: 13
Views: 1077

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 3:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: A little portfolio advice for a novice?
Replies: 16
Views: 1155

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
Fri Jan 02, 2015 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Managing Household Records
Replies: 12
Views: 1438

Re: Why donate to charity?

Can people read the thread? OP has already explained he donates and volunteers.
by yosef
Wed Dec 31, 2014 3:40 pm
 
Forum: Investing - Theory, News & General
Topic: Why donate to charity?
Replies: 61
Views: 4226

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 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) with minimal match versus Roth IRA
Replies: 16
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
Wed Dec 31, 2014 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead WIP
Replies: 8
Views: 1236

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 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 102
Views: 8549

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 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Most/Least Boglehead 2014 Activity?
Replies: 93
Views: 9725

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
Mon Dec 15, 2014 8:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Embarrassingly stupid question
Replies: 25
Views: 4579

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
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: 5907

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 9:04 am
 
Forum: Personal Finance (Not Investing)
Topic: What were your biggest financial emergencies?
Replies: 45
Views: 7039

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
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: 5553

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 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 5553

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 7:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 5553

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 3:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Heads up one of the better reward credit card I've seen.
Replies: 54
Views: 11701

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
Wed Nov 19, 2014 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best way to track / monitor all your accounts
Replies: 12
Views: 1472

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
Sun Nov 16, 2014 2:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: How To Invest Your Emergency Fund?
Replies: 97
Views: 15741

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 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings rate of -2% for those under 35 - WSJ
Replies: 69
Views: 5074

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 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Approach to student debt advice
Replies: 32
Views: 5005

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
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: 5074

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 9:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Few questions before investing(that I couldn't find answers)
Replies: 16
Views: 1901

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
Sun Nov 09, 2014 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: War on Debt
Replies: 247
Views: 33110

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
Mon Nov 03, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using prepaid legal plan for first draft will
Replies: 4
Views: 792

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
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: 3073

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 3:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Homeowners Policy Increased 26% in 2 Years
Replies: 29
Views: 2743

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
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: 2221

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 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Another "Am I ready to buy?" post
Replies: 3
Views: 1002

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 ...
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: 9477

Re: Managing Finances - Categorizing on Mint

I try to keep things simple wrt Mint budgeting, which to me means considering these sorts of payments expenses (or outflows). To me, the bottom line is that the money is not available to be spent again. Modeling it as a transfer makes some sense, but why would you only model extra principal payments...
by yosef
Thu Oct 02, 2014 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Managing Finances - Categorizing on Mint
Replies: 6
Views: 715

Re: Am I crazy to try to tackle all 4 issues at once?

Maxing out 401k is good. Saving for the emergency fund is good. But you don't state how much you actually have going toward CC debt (or anything about your income). How long will it be until your CC debt is gone at your current pace? What is the interest rate? I'm guessing the answers will result in...
by yosef
Wed Oct 01, 2014 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to try to tackle all 4 issues at once?
Replies: 29
Views: 3607

Re: Is my husband a spendthrift? Or I a tightwad?

Agree with most of what has been said. This is not about budgeting. This is about living within your means. The thread title is very misleading, OP thinks her husband is a spendthrift since he spends too much on plants. She on the other hand wants to save....for a ski lodge :oops: Do you seriously w...
by yosef
Wed Oct 01, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my husband a spendthrift? Or I a tightwad?
Replies: 198
Views: 18585

Re: Should I buy this house

- I am looking for some impartial advice on buying a home - I have an income of $450,000 which is stable for at least 3 more years after which may stay the same or could go down to 300,000 per year. My wife makes $220,000 which also is stable for 3 years - I would like to buy a home for $1,480,000....
by yosef
Wed Oct 01, 2014 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house
Replies: 37
Views: 2342

Re: Home affordability

You need to determine whether or not you can swing another $1000/month before you "buy in" to your dream house any more than you already have. Almost doubling your largest single expense also means that your existing emergency fund won't cover the same number of months if you buy this new...
by yosef
Wed Oct 01, 2014 7:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Home affordability
Replies: 25
Views: 2952
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