Search found 686 matches

by HornedToad
Fri Feb 16, 2018 2:49 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 132
Views: 5757

Re: How to get child's skin in the game for college?

If you want to do that then do $5k/year loans instead of trying to make her pay for an entire year herself. Then she gets skin in the game each year and you don't have a problem of saving or big bang payment. You can always decide to help her pay off the loan when she graduates as well. Personally, ...
by HornedToad
Mon Feb 12, 2018 12:37 am
Forum: Personal Consumer Issues
Topic: Home buying: how to send postcards to neighborhood we want to live in?
Replies: 38
Views: 3707

Re: Home buying: how to send postcards to neighborhood we want to live in?

If you aren't willing to pay 15-20% over market value you are wasting your time and money. This. Who in their right mind would sell to you instead of going thru a realtor and getting more offers that might be more competitive. So if you are going to do this, say if interested you'd like to look at ...
by HornedToad
Mon Feb 05, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 58
Views: 4939

Re: Potential employer wants me to give offer - how to respond?

You have to be willing to tell them what you want to join. I agree with the philosophy from Ask the Headhunter: * What's minimum to take the job * what would make you happy * what would make you ecstatic And pick the total compensation somewhere between #2-3 and give them that as your desired number...
by HornedToad
Tue Dec 26, 2017 1:51 am
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 5800

Re: Implications of tax bill on residential real estate (house prices)

I’m exactly in the situation that everyone thinks the house prices will fall through the floor on (million dollar “mansion”, ny). I expect it will have little or no impact if people react rationally. Two reasons: 1j Taxes: Anyone who can afford to buy my home is paying amt just like I am and theref...
by HornedToad
Mon Dec 25, 2017 4:00 pm
Forum: Personal Consumer Issues
Topic: How to use up my FSA account?
Replies: 13
Views: 1199

Re: How to use up my FSA account?

TierArtz wrote:
Mon Dec 25, 2017 3:49 pm
Prescription sunglasses such as Ray-Ban or Maui Jim.
yep. or a new pair of driving glasses so you can rotate or take the cheaper pair on trips
by HornedToad
Mon Dec 25, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: How can I obtain compensation data?
Replies: 38
Views: 3624

Re: How can I obtain compensation data?

Here's one that's for tech: https://www.paysa.com/

Not sure how accurate it is but it's a decent reference point for a role. Some of the stock could be over-estimation IMO as stock prices have went up.
by HornedToad
Sat Dec 23, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21281

Re: Do you see a meaningful change in your income with new Tax Bill?

I guess my wife and I are one of the middle-class fringe cases that won't get a Christmas present: we typically itemize and have ~38k of deductions. mortage: 20k SALT: 15k charity/misc: 3k I suppose the change in marginal rate to 24% from 25% will help a little bit. For most people who live in high...
by HornedToad
Sat Dec 23, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21281

Re: Do you see a meaningful change in your income with new Tax Bill?

I guess my wife and I are one of the middle-class fringe cases that won't get a Christmas present: we typically itemize and have ~38k of deductions. mortage: 20k SALT: 15k charity/misc: 3k I suppose the change in marginal rate to 24% from 25% will help a little bit. For most people who live in high...
by HornedToad
Fri Dec 22, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21281

Re: Do you see a meaningful change in your income with new Tax Bill?

Not sure what to believe. When I use the 2 calculators they indicate I will pay ~$2-6k less tax under the new plan. https://www.frugalprofessor.com/model-o ... ompromise/ http://taxplancalculator.com/ How is that so with my Schedule A averaging $100k per year for me - including $60k SALT and $16k p...
by HornedToad
Thu Dec 21, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Roth v 401k (new tax changes)
Replies: 27
Views: 2730

Re: 401k Roth v 401k (new tax changes)

IMO, the lower tax brackets make a Roth 401k more attractive now than it was in the past due to the temporary nature of the individual tax cuts and the likelihood that they'll eventually not be extended and revert back to the prior brackets, at least for the higher brackets. Depending on your opinio...
by HornedToad
Mon Dec 18, 2017 7:06 pm
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 5879

Re: Spending on myself, am I off base here?

I'd have a hard time with a $5k pinball machine as well. I have mental problems with my wife wanting a $50k+ car as mentally I have a block for luxurious spending and would prefer to save more. On the flip side, I'm fine spending ~15k+/year on vacations.
by HornedToad
Mon Dec 18, 2017 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Why You Took an Adjustable Rate Mortgage?
Replies: 43
Views: 3393

Re: Why You Took an Adjustable Rate Mortgage?

Interest only is a separate entity than ARM’s. We went with an ARM because it was the lowest interest rate and a high priority of ours is/was to pay the mortgage. We had one for 5 years starting in 2011,re-locked in 2016. By 2021 we should be mortgage free. Agree with this assessment. We did a 7 ye...
by HornedToad
Sun Dec 17, 2017 9:09 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 115
Views: 9517

Re: Best 401k Employer Match Structure

5% automatic contribution from the company
100% match up to 5%

immediate vesting

So if you put in 5% then you get 10%.

As long as you are in the 3-5 % immediate match for 6-8% contribution then I think you are in the same ballpark as most companies.
by HornedToad
Sun Dec 17, 2017 1:21 am
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 9350

Re: How much do you spend on food per month, per person?

~$750/pp for 2 people.

Includes restaurants, starbucks, juicing, groceries and special occasions. Doesn't include food when on vacation though.
by HornedToad
Thu Dec 14, 2017 12:40 am
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 10820

Re: How much did you contribute to your 401k in 2017?

Both: Max
I got ~$17k in employer match and my wife gets about ~$4k.

We don't bother with backdoor Roth IRA for now.

ages 35 and 32.
by HornedToad
Wed Dec 13, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA worth it?
Replies: 22
Views: 2372

Re: Backdoor Roth IRA worth it?

I wouldn't bother in your case. Just invest in taxable or non-deductable IRA... probably taxable
by HornedToad
Wed Dec 13, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 3259

Re: WHO IS RIGHT ME or SPOUSE

mak1277 wrote:
Wed Dec 13, 2017 4:37 pm
Same $100, just address the card to both of them.
this..
by HornedToad
Tue Dec 05, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Received promotion offer at work and trying to negotiate the pay increase portion.
Replies: 31
Views: 2520

Re: Received promotion offer at work and trying to negotiate the pay increase portion.

I don't consider #3 a valid option unless you don't actually want the promotion. #1 or #2 is the way to go IMO.
by HornedToad
Mon Dec 04, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Priority Pass- not quite totally useful
Replies: 19
Views: 2183

Re: Priority Pass- not quite totally useful

It isn't a perk that I would pay for, but as a freebie with Chase Sapphire Reserve it's all right. CSR is the best one I think because it allows unlimited guests for free. It’s not a freebie. You are paying an annual fee for the card, which pays for a basket of benefits. PP Select is part of that. ...
by HornedToad
Fri Nov 24, 2017 6:41 pm
Forum: Personal Consumer Issues
Topic: Trip to Hawaii - what do I need to know
Replies: 46
Views: 4440

Re: Trip to Hawaii - what do I need to know

I like Maui the best. One thing that annoyed me about the Big Island is that it felt like an hour+ drive to go anywhere (volcano, tea plantations, chocolate making/etc). I went to Hawaii to sit on the beach/resort, visit something new/learn something new, and have good food. This was partly what we ...
by HornedToad
Wed Nov 22, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 12960

Re: Help DW gets fired, but then next day her boss offers her job back

If it were me, I don't think I would ever go back. Her boss fired her and want to hire her back at less pay and less benefits. They have vicious intentions. Keep a copy of the pink slip and new offer, it might help her explain things when looking for a new job. No pink slip! He said. She said. May ...
by HornedToad
Thu Nov 16, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Value of 401k Employer Match vs. Salary Equivalent
Replies: 34
Views: 3611

Re: Value of 401k Employer Match vs. Salary Equivalent

Regardless of how you personally value it, the only way to value it in negotiation with other companies is 1:1 for dollar value. Anything else is questionable when working with recruiters IMO. It's also easy to defend if they try to say it's not same dollar equivalent. I personally value as 1:1. If ...
by HornedToad
Fri Nov 03, 2017 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) - pushing annuity?
Replies: 14
Views: 1400

Re: 403(b) - pushing annuity?

Most 403(b)s have annuity sales people preying on teachers and convincing them they are the only option. Pass on this person and instead find the list of approved financial companies that you can invest in within your district. My brother and sister-in-law got wrapped into annuities originally with ...
by HornedToad
Mon Oct 30, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford This House?
Replies: 22
Views: 1936

Re: Can I Afford This House?

ABOUT US Late 30's One income but extremely secure for next 5 years; pretty secure beyond that but who knows Zero debt now, but would take 1+MM mortgage 1.5MM left in investments after down payment 2 small kids HCOL area EXPENSES detail Fed Tax 125k Prop Tax 36k State Tax 35k Mortgage 60k Utilities...
by HornedToad
Mon Oct 30, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 10470

Re: we bought a house - are we housepoor now?

You asked if you were house poor, not whether you can afford the house. Those are two very different answers. So don't get mad if people answer what you asked and not whether or not you can afford the house. House-poor isn't a terrible thing; it just limits flexibility. Especially how bogleheads def...
by HornedToad
Sun Oct 29, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 10470

Re: we bought a house - are we housepoor now?

Will probably be able to save another 30-40k year 1 owning this house. That is not including the principal payments which will total nearly 11k for the year. So in total i'd say 40-50k savings including principal against mortgage. I expect income, bonus, and RSU to continue for quite some time. pan...
by HornedToad
Sun Oct 29, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 10470

Re: we bought a house - are we housepoor now?

If you either have kids or are planning on kids, you are definitely house poor. Regards, John Could you explain how having 1 child would suddenly make us house poor given we are projecting 40+K of incremental savings in the next year after buying this house? Your savings would drop to ~15k/year wit...
by HornedToad
Mon Oct 16, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: contributing to friend's non-profit?
Replies: 36
Views: 2323

Re: contributing to friend's non-profit?

Your friend has handled it the same way I would handle things. I would use an impersonal form letter so that I was not putting my friends in an uncomfortable situation where they felt obligated to donate whether they wanted to or not. I would also be sending letters to everyone I thought might remo...
by HornedToad
Sat Oct 14, 2017 11:56 am
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4596

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

The newspaper example above would also be illegal. I guess your sarcasm detector was inadvertently turned off. I will flag things more accurately in the future. No, I did get it was sarcasm. But comparing something legal and something illegal is not an apples to apples comparison. Especially when c...
by HornedToad
Sat Oct 14, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4596

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

However, I personally would refuse to do business with someone that wouldn't talk to me while driving. That's very self-centered as it not only endangers yourself but also others. I hope that people just hang up on you when you insist that they be complicit in this selfish behavior. Only on Boglehe...
by HornedToad
Fri Oct 13, 2017 7:39 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4596

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

I would since you are effectively saying you don't trust your client to make good decisions and you know better than them; even though you aren't there and have no idea what they are doing. As a physician, I am assumed to know "better" than my "clients", or else they wouldn't be coming to me in the...
by HornedToad
Fri Oct 13, 2017 7:06 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4596

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

Talking on a cell phone while driving may be illegal in some jurisdictions. I have no idea if there is a legal theory involving the person spoken to as an accomplice or co-conspirator. It would seem quite far-fetched. That's why you use any number of hands-free devices to do so. Bluetooth, Ford Syn...
by HornedToad
Thu Oct 12, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: Going First Class
Replies: 42
Views: 2862

Re: Going First Class

For me, all the value is a fully reclined seat so I can sleep. Therefore Business Class is the best option. I'll definitely pay the upgrade in points for business but don't even bother to look at first class. I've done it twice and felt like I'd rather be in business class at the end of the day. Esp...
by HornedToad
Wed Oct 11, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 16834

Re: [Boglehead vs Mr Money Mustache philosophies]

I use the word "selfish" literally, i.e., for one's own benefit. I do not use "selfish" moralistically, i.e., I don't imply that there is something immoral in pursuing self-interest. Victoria I'm sorry but I don't see how 'reducing investing cost' is 'for one's own benefit' in a way different from ...
by HornedToad
Wed Oct 11, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 16834

Re: [Boglehead vs Mr Money Mustache philosophies]

I think that in MMM’s application of the 4% SWR rule, he allows for inflation increase. That said, I think his adherents do not sufficiently take into account the possibility that they will be locked out of future real increases in the standard of living. He won’t be, because he will have millions ...
by HornedToad
Wed Oct 04, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Reasonable hourly rate for a cfp?
Replies: 14
Views: 1311

Re: Reasonable hourly rate for a cfp?

Well I'll be the first to say $0 per hour is reasonable. Why pay for something you can do yourself for free? :confused Same reason i go to a mechanic, or hire a handyman, housecleaners or a gardener. I agree with the $200-300/hr, or depending on specific needs they sometimes do an overall financial...
by HornedToad
Mon Oct 02, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Reach out to hiring manager directly on LinkedIn?
Replies: 52
Views: 3313

Re: Reach out to hiring manager directly on LinkedIn?

What are you going to reach out to them about? I'd start with something non material first and see if you get any response. I'd start by asking what they are looking for / what the need is. The manager should have a need and a pain point - this is why the job opening would exist. Managers that are ...
by HornedToad
Sun Oct 01, 2017 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a pay cut to work from home?
Replies: 67
Views: 6135

Re: Would you take a pay cut to work from home?

I don't know if I'd take a paycut, but I've worked from home for the last 7 years and when I consider switching jobs to a new company, I put a ~$15-20k premium on the ability to work from home. It helps that I travel to the office every 6-8 weeks or more for a week at a time and I worked there a cou...
by HornedToad
Thu Sep 28, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: Which bogleheads have a "high need to take risk"?
Replies: 51
Views: 5156

Re: Which bogleheads have a "high need to take risk"?

My goal is early retirement / financial independence, pretty much as soon as possible. ... If stocks don't perform well my retirement will be pushed back, which would make me sad. So why not "insure" that you will be able to retire somewhat early even if the market underperforms by taking a safer a...
by HornedToad
Sat Sep 16, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5537

Re: Mother-In-Law dying, Wife wants to buy a Porsche

I stopped reading after your wife said sweet ass Porsche. Anyone who equates happiness with material items will never be happy. In all due respect, I think she would be better served going to counseling. I agree. This scenario screams for a therapist's intervention. It can help enormously and will ...
by HornedToad
Fri Sep 15, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 21020

Re: Let's talk about your FI # and family income

What's included in your definition of income? See https://www.bogleheads.org/forum/viewtopic.php?t=156155 for Livesoft Adjusted Income, which includes things like employer 401k match, health insurance contributions, etc. Not adjusted gross. You and your partner's salaries, not including free money ...
by HornedToad
Tue Aug 29, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating new job offer
Replies: 40
Views: 3453

Re: Evaluating new job offer

Looks like a no-brainer yes if it's something you pursued and want to do since you're currently bored. You are assigning high value to RSU's and $0 to the equity in a private company. That's why it looks like a large paycut. When in reality you are trading off guaranteed RSU's for equity in a privat...
by HornedToad
Tue Aug 29, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: How to deal with Amazon purchases with Mint.com??
Replies: 38
Views: 4659

Re: How to deal with Amazon purchases with Mint.com??

I ended up making my life simple and defining one budget category as "Amazon Shopping"... I only manually reclassify a few transactions (e.g. occasional large expense for home improvement, or Airbnb gift cards). I don't know of a better solution. I have the same problem with Paypal and eBay, althou...
by HornedToad
Tue Aug 22, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 13835

Re: Is it worth it? [demanding jobs vs time with family]

... I also really appreciated the posters that pointed out how certain posts were judgmental and sexist. The posters claiming that women are better suited to take care of children or recommended that I live off of my husband's income demonstrate the kind of implicit bias and sexism that will contin...
by HornedToad
Tue Aug 22, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Returning / Exchanging purchased items ?
Replies: 24
Views: 1855

Re: Returning / Exchanging purchased items ?

My wife basically keeps 30-50% of clothes she buys online. She'll buy a bunch of things and then keep the few that actually fit or that she likes.

I think that's pretty much expected with online shopping and why so many people prefer it vs. now going to Malls/stores.
by HornedToad
Fri Aug 18, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 13835

Re: Is it worth it? [demanding jobs vs time with family]

No amount of money is worth letting others raise your children One does not have to be a stay at home parent to "raise their children." Being a stay at home parent is a fine choice, but to imply that a parent who decides to (or has to) work is not raising his or her child is ignorant, offensive, an...
by HornedToad
Fri Aug 18, 2017 5:18 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 13835

Re: Is it worth it? [demanding jobs vs time with family]

Now-a-days, I'm sure creative hi-tech folks in any of the leading companies (Apple, Google, FB, Amazon Cloud/AWS, Microsoft, Nvidia, Intel, Oracle,...) would still be working 60-70 hours on key projects, to meet schedule *and* solve tough technical issues that crop up during new projects. Definitel...
by HornedToad
Thu Aug 17, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 13835

Re: Is it worth it? [demanding jobs vs time with family]

People assume they are competing interests. What is best for the parents may be best for the kids. Just because they spend more time doesn't mean it will be quality time. And people just seem to shrug off the financial pressures coming from a lower income. They are real and can cause conflict. If o...
by HornedToad
Thu Aug 17, 2017 11:48 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 13835

Re: Is it worth it? [demanding jobs vs time with family]

OP: when words and actions conflict, I look to actions for the truth. You say that nothing is more important to you than family, yet both you and your husband work 60-70 hours per week. You then attempt to justify this by saying it's for a financially secure future. Yet the sacrifice of the present...