Search found 627 matches

by HornedToad
Sun Jul 16, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 180
Views: 11790

Re: Buying house - Very important decision

I am getting the feeling that OP *really* wants the house, has already made the decision to go for it and is looking for validation of her decision on this forum. Wrongfunds, we are actually quite okay living in a 2 bed room apartment. As I said in earlier post, our worries are 1. Rents will go eve...
by HornedToad
Fri Jul 14, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is new car replacement insurance worth it?
Replies: 33
Views: 1908

Re: Is new car replacement insurance worth it?

I don't think this insurance makes sense, because it is covering a loss which you can afford to take. If your four-year-old car is stolen or wrecked, your insurance will pay you enough to get a replacement four-year-old car. This will not hurt you at all; you will still need a replacement sooner th...
by HornedToad
Fri Jul 14, 2017 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is new car replacement insurance worth it?
Replies: 33
Views: 1908

Re: Is new car replacement insurance worth it?

I have no knowledge of this type of insurance, but the numbers, to me, just do no add up - as presented. So, after 4 1/2 years - the car is totaled - and worth, say, $20,000 - they will buy a new car then worth, say, over $50,000??? That is correct. An example from my wife's motorcycle crash a coup...
by HornedToad
Fri Jul 14, 2017 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 6524

Re: Do you consider business travel to be a perk or a burden?

For those of you traveling, how do you rack up points and miles? I am required to book everything with a corporate card at a business travel site. Since I don't travel a ton (maybe once a month) I will usually fly southwest since my odds of getting upgraded are nill. I have the same scenario and I ...
by HornedToad
Thu Jul 13, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 6524

Re: Do you consider business travel to be a perk or a burden?

For me I generally enjoy it. However, I also have a fair amount of flexibility in choosing when/how much to travel since it's just regular trips. Reasons why it's a positive: I don't have kids My primary travel is a 1 hour flight and with TSA precheck it's fast in/out of airport and the airport has ...
by HornedToad
Thu Jul 13, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 3539

Re: Hotel tipping: how much to leave?

You may consider taking advantage of hotel's bonuses for NOT cleaning your room. On my recent trips, Marriott gave me 500 points for every night of not cleaning, and a Hilton gave me $5/night credit to be used in its on-premises restaurants. This. Getting 500 points/night for not having housekeepin...
by HornedToad
Thu Jul 13, 2017 12:49 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 3539

Re: Hotel tipping: how much to leave?

I don't tip, but I leave the room spotless and I strip the bed. Sometimes wish I hadn't when I see the blood and gore on the mattress. You may consider taking advantage of hotel's bonuses for NOT cleaning your room. On my recent trips, Marriott gave me 500 points for every night of not cleaning, an...
by HornedToad
Thu Jul 13, 2017 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 35
Views: 2875

Re: Jewelry insurance. Is it ever worth it?

 Definitely appreciate all of the input on this. I plan on discussing with my wife this weekend and also reviewing our renter's policy for options. As to the cost of the rings, I didn't actually pay that much. The main stone was a family heirloom and several of the smaller diamonds were also passed...
by HornedToad
Thu Jul 13, 2017 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 175
Views: 6623

Re: Do you count vehicle equity in net worth?

Yes, mainly so I can see what the increase in my networth is year over year accurately by counting it and then depreciating it each year. If I didn't count cars in networth then there'd be a ~40k cash outflow the year you buy a car with no asset and it makes it look like the net worth didn't increas...
by HornedToad
Wed Jul 12, 2017 12:27 am
Forum: Personal Consumer Issues
Topic: Home sale/purchase question
Replies: 6
Views: 447

Re: Home sale/purchase question

If you lived in it as a primary residence for at least 2 of last 5 years then you owe $0 in taxes. The first $250k gain for individual or $500k for married couples of capital gains is tax free. Here's one article on it but you can find more: http://www.bankrate.com/finance/taxes/capital-gains-and-yo...
by HornedToad
Tue Jul 11, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 35
Views: 2875

Re: Jewelry insurance. Is it ever worth it?

We insure my wife's wedding ring. It's probably ~$130/year but would be $12-15k to replace.

She wears it daily so I'm assuming a lost/damaged ring is not as rare as Life/Disability Insurance. A similar idea to even if I was rich I'd carry auto insurance.
by HornedToad
Mon Jul 10, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for and finance house move up
Replies: 64
Views: 3083

Re: How to save for and finance house move up

I honestly don't think you are in that bad of position really. Part of the pushback is you labeled your debts as consumer debts and people immediately think Credit Card debt and pay off ASAP. That's ideal, but marriage includes tradeoffs and 2% car interest rate will be lower than your mortgage. In ...
by HornedToad
Mon Jul 10, 2017 1:27 am
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 93
Views: 6002

Re: How much of an increase of salary would you expect before switching jobs?

IMO, most people don't leave a job they like for less than 15-20%. If they are happy where currently then I think 20-30% is more likely and meet somewhere in that range with the company of 15-30% (assuming started out fairly decent paid). For this job, if you are interested I'd negotiate on salary a...
by HornedToad
Fri Jul 07, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Task management / organizing app
Replies: 52
Views: 1915

Re: Task management / organizing app

My spouse and I just use google calendar on our mobile devices (and desktop too). You can have more than one calendar visible, color coded by person so you see who is doing what. Maybe not perfect, but free and easy I use shared Google calendars and a shared Notes on each phone. Not ideal but it al...
by HornedToad
Fri Jul 07, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: When should I exercise my incentive stock options?
Replies: 34
Views: 2257

Re: When should I exercise my incentive stock options?

As an aside, 83b applies when you are early exercise the stock (generally when its granted) and not when you are planning on selling. You generally do this if you are an early employee when the tax hit is manageable: https://blog.wealthfront.com/always-file-your-83b/ Thanks for the response. I'm cu...
by HornedToad
Fri Jul 07, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: When should I exercise my incentive stock options?
Replies: 34
Views: 2257

Re: When should I exercise my incentive stock options?

Wealthfront has several articles discussing this as well as a stock simulator for various other tech IPO's. At your volume/dollar value this might be overkill to plan to sell 10-20% a quarter and so the existing strategies listed look good. https://blog.wealthfront.com/when-to-exercise-stock-options...
by HornedToad
Fri Jul 07, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 10911

Re: Seeking advice on 1.2m (now 900K) house purchase

Original posting updated! You could do the updated post and be happy. Buying will not maximize your net worth, but if it makes you happier then you would still be fine and have plenty of assets available to grow. I'm assuming you will continually get the $50k/year RSU and it's not only first 4 or 6...
by HornedToad
Thu Jun 29, 2017 6:29 pm
Forum: Personal Consumer Issues
Topic: Cat teeth cleaning costs
Replies: 36
Views: 2849

Re: Cat teeth cleaning costs

My cat just had a tooth extraction and was around ~$800.
The tooth cleaning without an extraction for other cat is expected to be around ~$500-550.
by HornedToad
Sun Jun 25, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Mediator for ownership division of primary home
Replies: 46
Views: 1659

Re: Mediator for ownership division of primary home

An estate attorney would be a good option here to find out what the actual legal amount would be. They are used to doing things like this for when there isn't a will or the will is invalid. My wife's family went thru this a few years ago when my father in law died with an invalid will and had bought...
by HornedToad
Mon Jun 19, 2017 8:56 pm
Forum: Personal Consumer Issues
Topic: California Vacation - Bay Area, So Cal, or Both (with coastal drive)?
Replies: 24
Views: 1720

Re: California Vacation - Bay Area, So Cal, or both (with coastal drive)?

If you do LA, I like the Universal Studio tour. It was interesting to see behind the scenes of making tv shows/movies. For Bay Area, if you need a car for the day you can do a Getaway car (I think that's what it's called) or Zipcar to get a car for the day or overnight and use. I'm partial to Bay Ar...
by HornedToad
Sat Jun 17, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 17548

Re: Siblings in disagreement over mom's house.

Anything else would scar the family forever. Condon's book, Beyond the Grave , makes this point repeatedly. It's unlikely that a parent deliberately set about to create this tension, but it is the likely outcome when the heirs have different objectives. So, the threes need to decide (individually o...
by HornedToad
Sun Jun 11, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 7656

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

It's a lot more than a one trick pony - YouTube, Google Docs, gmail, Nest, Google Home, Chrome, Chromecast, Waymo (autonomous cars), Google Cloud, Google Fiber, Google Maps, Waze, Android, Google Play, artificial intelligence, machine learning, Google Capital, Google Ventures, etc. All of those ven...
by HornedToad
Wed Jun 07, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: 7 yr ARM vs 30 Yr for new construction Condo
Replies: 22
Views: 1523

Re: 7 yr ARM vs 30 Yr for new construction Condo

When we bought a condo, we did the 7 year ARM and probably should have done the 5 year ARM. Doing the comparison, you want to calculate when the breakeven point would be of total cost between 7 and 30 year. For us it was around ~9 years assuming you don't refinance it. Additionally, paying the 7 yea...
by HornedToad
Mon Jun 05, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9754

Re: Play Money for Spouse....

A couple different people have mentioned identity theft and/or stolen credit card numbers...which leads me to ask: Has anyone had a credit card number stolen and identified the situation *before* your credit card company? .... Yes. (And not just in the distant past.) Granted, it doesn't make much d...
by HornedToad
Sun May 28, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9754

Re: Play Money for Spouse....

We do His, Hers and Ours. We each get $200/mo into our individual accounts that are completely individual and then everything else into joint. Also if individual gets relatively high we either buy a larger purchase or just move some into Joint. We probably blur the line between individual and joint ...
by HornedToad
Fri May 12, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Experiences/vacations - how much do people do
Replies: 24
Views: 2258

Re: Experiences/vacations - how much do people do

I think it depends on what you are doing. I've learned that I enjoy sitting at a beach resort for a week in Hawaii/Fiji/somewhere tropical than more historical/siteseeing trips to Europe/etc. So we emphasize that kind of traveling and I don't mind. My wife enjoys the site-seeing as well as the small...
by HornedToad
Thu Apr 27, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Incentive Stock Options, NSOS, and AMT
Replies: 11
Views: 1358

Re: Incentive Stock Options, NSOS, and AMT

What is the advantage to an ISO? I have been told it is advantageous but am struggling to see much tax difference. Just that, after AMT credit, the entire spread (and any gains after exercise) are only taxed as LTCG? The most reliable source of stock options information is probably Fairmark . Some ...
by HornedToad
Thu Apr 27, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Incentive Stock Options, NSOS, and AMT
Replies: 11
Views: 1358

Re: Incentive Stock Options, NSOS, and AMT

What is the advantage to an ISO? I have been told it is advantageous but am struggling to see much tax difference. Just that, after AMT credit, the entire spread (and any gains after exercise) are only taxed as LTCG? The most reliable source of stock options information is probably Fairmark . Some ...
by HornedToad
Wed Apr 26, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: "Negative points" on mortgage
Replies: 47
Views: 3023

Re: "Negative points" on mortgage

jimb_fromATL - I think the reason we're talking past each other is that you're assuming that the $1313 gets added to the principal of the loan. Please correct me if I'm wrong. That certainly does not jibe with my calculations. The higher monthly payment that was quoted to my friend exactly took int...
by HornedToad
Fri Apr 21, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment severance. Weekly or lump sum?
Replies: 12
Views: 992

Re: Unemployment severance. Weekly or lump sum?

I'd be surprised if she can get the severance payout if she takes a different job within the same company. But if so, then I don't think it matters much. I would probably take weekly instead of lumpsum just to be on safe side since you wouldn't have budget issues. It doesn't look like there is much ...
by HornedToad
Thu Apr 06, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason NOT to do a backdoor Roth IRA?
Replies: 56
Views: 4447

Re: Any reason NOT to do a backdoor Roth IRA?

1. Because they don't need to save that much for retirement. 2 maxed 401ks + match + other tax deferred options is a lot of savings already. The goal isn't to max all retirement vehicles. It's to have enough and ideally have consumption smoothing + some extra because life is uncertain. 2. Because th...
by HornedToad
Thu Feb 09, 2017 9:24 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25215

Re: Why go with an 80% stock / 20% bond portfolio?

Folks, Let's forget about the emotional part for a while. So, you have a choice: A) Carry 3 to 6 months EF and 100/0. You assume that you will have an above-average luck in finding a job across multiple recessions over 20 to 30 years. You will not run out of EF before you find a job and forced to s...
by HornedToad
Thu Feb 09, 2017 6:00 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25215

Re: Why go with an 80% stock / 20% bond portfolio?

The fact that you have $100k that isn't going down isn't likely, IMHO, to keep most investors from panicking at the loss of $450k. If it does for you, great. Well, the fact that it does for me means it may for others... Very very few investors have a 99.9% certainty they will get 1-year notice befo...
by HornedToad
Tue Feb 07, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 342
Views: 25215

Re: Why go with an 80% stock / 20% bond portfolio?

I still believe that my initial thesis, that a 90/10 or 80/20 portfolio is unlikely to reduce the volatility of a typical investor's portfolio enough to keep them from panic selling, still holds. Sorry to repeat myself, but again I don't think it has anything to do with volatility. You're probably ...
by HornedToad
Tue Jan 31, 2017 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Another can I afford this $2M house thread...
Replies: 70
Views: 7852

Re: Another can I afford this $2M house thread...

His income: $350k (bonus up to additional $50k) Her Income: $180k His 401k: $225k Her 401k: $110k His Roth: $130k Her Roth: $130k 529: $180k Taxable account: $900k Relative to your combined income you you really don't have a lot in savings. Unless you there is something else going on then you are a...
by HornedToad
Mon Jan 23, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is this cheating on income tax?
Replies: 21
Views: 4049

Re: Is this cheating on income tax?

$5250 or less is tax free.

Above that is taxable and will show up on your paystub and W2 in taxable wages. (Assuming your W2 is correct)
by HornedToad
Fri Jan 20, 2017 2:46 am
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 6087

Re: Medical Billing Disagreement - Stark Law

Let's not go off topic by discussing physician salaries, residency shortage, etc. After some thinking, here's the principle of the matter as I understand: Physician provided 2 services and documented/ billed appropriately. Insurance approved the bill and determined patient responsibility. If it's a...
by HornedToad
Tue Jan 10, 2017 12:45 am
Forum: Investing - Help with Personal Investments
Topic: [403(b) Fidelity or TIAA Cref allocation, and do I want one?]
Replies: 137
Views: 5797

Re: EJ not [costing me as much as] others?

Unfortunately my income is not enough right now to fully support my Roth, though I would like to. If you are making at least $5500/year in earned income, then you can max your Roth IRA. As livesoft mentioned, you can withdraw from your EJ account for living expenses. Your income is less than $5500/...
by HornedToad
Sun Jan 01, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Helping a married child with first home
Replies: 56
Views: 4297

Re: Helping a married child with first home

The increase equity is marital property for sure no debate there. The gift does NOT need to be considered marital property for any reason. Frankly I don't know why the SIL would be "crazy" He has a chance at getting a bunch of equity he otherwise wouldn't get, just not the original gift a...
by HornedToad
Thu Dec 29, 2016 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Helping a married child with first home
Replies: 56
Views: 4297

Re: Helping a married child with first home

Your concern is valid but I would think it would affect your excellent relationship with your daughter and son-in-law negatively. Consider that as well as the purely practical aspects. +1 A gift with no strings attached is a gift indeed. A gift with strings will alter ( poison ) the family relation...
by HornedToad
Fri Dec 16, 2016 6:45 pm
Forum: Investing - Theory, News & General
Topic: Why should one invest in 401k to mathcing, then Roth IRA, then back to 401k?
Replies: 29
Views: 3034

Re: Why should one invest in 401k to mathcing, then Roth IRA, then back to 401k?

My wife and I just regularly do 401k to max instead of go back and forth. Some years don't fully fund Roth since with 401k max + matching it can be around $50k and we have high quality 401k's with low fees. It's simpler and at our tax bracket I prefer pre-tax to post-tax. If we were smart/good we'd ...
by HornedToad
Wed Dec 14, 2016 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains on Primary Residence if mortgage & debts?
Replies: 7
Views: 668

Re: Capital Gains on Primary Residence if mortgage & debts?

First $250k of gain of primary residence ($500k for married couples) is tax free.
by HornedToad
Mon Dec 05, 2016 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 53
Views: 6187

Re: Spouses and spending styles...

Your wife sounds like a planner. Constantly planning for the next event of their life. Some planners usually don't feel like life is happening unless they are striving for some sort of goal. You sound like me in the sense that life never stops, and there is already enough decisions to make, so why ...
by HornedToad
Sat Dec 03, 2016 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 5138

Re: 20% Match on 401k.. sorta.

This is very shady, in my opinion. It is standard in the entire 401k ecosystem for match to be a percentage of salary for both parties, not a percentage of the employee's contribution. Depending on your position and political capital, you could call them out on that. It varies by company. Most do t...
by HornedToad
Wed Nov 23, 2016 5:48 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 5407

Re: How Much Housing Payment Can a Boglehead Afford?

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on somethin...
by HornedToad
Tue Nov 22, 2016 10:12 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 5407

Re: How Much Housing Payment Can a Boglehead Afford?

The ratio is hard. For me, $3k mortgage payment at $150k seems MUCH easier than $6k at 300k salary. But that could be due to more expensive vacations, healthier eating, decorating costs, redoing the backyard, kids, higher taxes, etc etc. The ratio gives estimate but is not perfect. I think if you ar...
by HornedToad
Tue Nov 08, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Risk of not paying sales tax?
Replies: 36
Views: 4235

Re: Risk of not paying sales tax?

If you don't care too much about the money, you can probably work around it. Or find an easier way to pay the sales tax. BTW, sales tax is on the gross amount, not net profit so it's on the $2k in gross, not the $400 profit. 1. Give away the necklaces in exchange for them donating to the charity of ...
by HornedToad
Thu Oct 06, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding not to refi... Have I missed something?
Replies: 20
Views: 1972

Re: Deciding not to refi... Have I missed something?

That looks right. I think because your loan is relatively small now ($107k), the gain in interest rate is offset by the cost to take out the loan. I would also do a comparison of a no-cost loan at ~3% or 3.125% for the same specs and see if that works out better. With a smaller loan balance, a $2k c...
by HornedToad
Wed Oct 05, 2016 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding not to refi... Have I missed something?
Replies: 20
Views: 1972

Re: Deciding not to refi... Have I missed something?

$3000 cost and $500 savings. You only have six months till you break even, right? Agreed. At worst take a no cost Refi at an 1/8 or 1/4 pt higher and then it's pure profit and clearly beneficial to go from 4.375% to ~3%. I also would look at 7/1 or 10/1 as well if you are almost paid off. With a lo...
by HornedToad
Tue Oct 04, 2016 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Min. length of record of income for mortgage?
Replies: 11
Views: 1191

Re: Min. length of record of income for mortgage?

They also look at current Paystubs and I think that gets a higher valuation since it's what you earn right now. The W2's is for history and if you can explain it away with a good reason it might be accepted/not needed if current income is steady.

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