Search found 326 matches

by yosef
Thu Aug 06, 2015 12:28 pm
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 201
Views: 13545

Re: What's Your Monthly Food/Groceries Spending? My is through the roof?

Depends on what you consider "Food/Groceries". Our family of 4 spends around $1k. But I categorize anything bought from a grocery store as groceries, including household items like laundry detergent, cleaning supplies, etc. I also tend to categorize mega-mart trips consisting primarily of ...
by yosef
Mon Jun 22, 2015 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tech jobs - is job-hopping the best way to get ahead?
Replies: 92
Views: 13673

Re: Tech jobs - is job-hopping the best way to get ahead?

I will offer proof by example that it's possible to 'get ahead' financially without job-hopping. I've been in my current job for ~3.5 years, at a well-known tech mega-corp, in their NYC office. It's my first job out of college. My job title when I started was 'Software Engineer' and now its 'Senior...
by yosef
Mon Jun 22, 2015 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tech jobs - is job-hopping the best way to get ahead?
Replies: 92
Views: 13673

Re: Tech jobs - is job-hopping the best way to get ahead?

I will offer proof by example that it's possible to 'get ahead' financially without job-hopping. I've been in my current job for ~3.5 years, at a well-known tech mega-corp, in their NYC office. It's my first job out of college. My job title when I started was 'Software Engineer' and now its 'Senior...
by yosef
Thu Jun 11, 2015 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Disadvantages from moving 401k to IRA
Replies: 37
Views: 3749

Re: Disadvantages from moving 401k to IRA

I'm using a non-dictionary, strong password with 2 factor authentication. I have made account access even stronger by using fake answers to easy-to-guess security questions. If you actually use real answers to security questions you are most certainly not secure and this is Vanguard's problem. And ...
by yosef
Thu Jun 11, 2015 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Disadvantages from moving 401k to IRA
Replies: 37
Views: 3749

Re: Disadvantages from moving 401k to IRA

All true, but I would think that 2-factor authentication is stronger than any security password. For example, if you know my wife's name and look her up on FB, you'd have no trouble figuring out her favorite hobby/sport, or the names of our pets. Names of nieces and nephews a bit tougher, but not i...
by yosef
Thu Jun 11, 2015 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Disadvantages from moving 401k to IRA
Replies: 37
Views: 3749

Re: Disadvantages from moving 401k to IRA

The funny thing to me is that the security question was, "what is your favorite hobby?" How can that be considered taking security seriously? Using social media people could easily find one's favorite hobby. Certainly my friends, family and acquaintances would know my favorite hobby. I'm ...
by yosef
Wed Jun 10, 2015 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: I just don't understand bonds...
Replies: 17
Views: 2392

Re: I just don't understand bonds...

Well, bonds are at or at least not far off record low yields. So, yes they are not paying much and it probably won't get much better over the next few years if you believe the experts. So why invest in bonds over throwing money in your Ally account? Well, for one you can invest in bonds in a tax adv...
by yosef
Fri May 29, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a Company
Replies: 44
Views: 4901

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: 3269

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: 4921

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: 11111

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: 11111

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: 11111

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: 3529

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: 3529

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: 1527

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: 5255

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: 3012

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: 5370

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: 2865

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: 8444

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: 5480

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: 5906

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: 2737

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: 2737

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: 2329

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: 1027

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: 921

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: 1469

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: 1130

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: 1229

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: 1528

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: 4417

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: 1328

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: 1305

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: 9162

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: 10197

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: 4640

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: 6210

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: 7380

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: 5856

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: 5856

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: 5856

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: 14142

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: 1521

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: 17549

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: 5263

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: 5281

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: 5263

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: 1995

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...

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