Search found 665 matches

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: 3190

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: 12
Views: 1056

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: 1692

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: 8956

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: 8956

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: 8956

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: 2003

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: 4027

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: 4027

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: 4027

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: 4027

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: 2491

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: 15101

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: 15101

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: 1126

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: 3120

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: 5518

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: 4649

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: 5302

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: 20039

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: 3217

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: 37
Views: 3196

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: 12813

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: 1713

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: 12813

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: 12813

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: 12813

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: 12813

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...
by HornedToad
Wed Aug 16, 2017 6:45 pm
Forum: Personal Consumer Issues
Topic: Should I put other jobs on my resume?
Replies: 14
Views: 1114

Re: Should I put other jobs on my resume?

If you have built a significant reliable income from tutoring , and have a web page demonstrating something worth showing, I would say put it in the resume, especially if that was a significant part of your work experience. Depending on what level of students you tutored, what subjects, and what ag...
by HornedToad
Sat Aug 05, 2017 12:30 am
Forum: Personal Consumer Issues
Topic: Startup vs big company (financial equity at stake)
Replies: 57
Views: 3809

Re: Startup vs big company (financial equity at stake)

Update!!! The founders arranged for me a meeting with one investor of the company today. The investor offered (still just informal discussion so far) me the possibility of buying from me some portion (or all) of my 0.7% vested and exercised shares at a discount of the current market value. In other...
by HornedToad
Thu Aug 03, 2017 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 104
Views: 10812

Re: 85/15 too aggressive at age 35?

I am 100/0 and will continue to be because I only invest what I know I don't need in the near future . .. I plan on being 100/0 until I'm 40 - then reassess depending on portfolio size thinking 100/0 ... 80/20 ... 70/30 ... 60/40 by retirement (20-30 years from now) That actually means you are some...
by HornedToad
Thu Aug 03, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Startup vs big company (financial equity at stake)
Replies: 57
Views: 3809

Re: Startup vs big company (financial equity at stake)

From what you said, I think you should leave. If you stay another 4 years and the company hasn't exited, it'll be undesirable to purchase the options and then you'll truly be handcuffed and will basically be stuck there until the exit occurs. This also will diversify you across companies as well. If...
by HornedToad
Wed Aug 02, 2017 5:31 pm
Forum: Personal Consumer Issues
Topic: Suggestions for Month in the South Pacific?
Replies: 8
Views: 1140

Re: Suggestions for Month in the South Pacific?

Bora Bora is the most beautiful tropical island I've seen in my life. I enjoyed Moorea, Fiji, Hawaii (Maui), etc but Bora Bora definitely trumped it. I would at least spend some time there. I do agree that it can be boring depending on what you want to do, but if it's mainly relax at a beach/pool an...
by HornedToad
Wed Aug 02, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: Startup vs big company (financial equity at stake)
Replies: 57
Views: 3809

Re: Startup vs big company (financial equity at stake)

I think the first thing you need to do is step back and assess the company, software, market growth and evaluate how realistic it is that it'll grow to ~500M+ market cap and either be acquired or continued growth. The second would be how much do you need the higher salary now from a bigger company. ...
by HornedToad
Sun Jul 30, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Rate Formula - Explicitly Spelled Out
Replies: 50
Views: 4294

Re: Savings Rate Formula - Explicitly Spelled Out

How about: (pretax savings + post tax savings + employer match) / (gross income + employer match) Don't understand why everyone goes round and round about this. That number is easy to calculate and easy to compare with others. I don't need to hear about % of spending, or net savings vs. gross savin...
by HornedToad
Sat Jul 29, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 21221

Re: How Much in Your Emergency Fund And Is It Used?

I think this discussion is partly confusing because of the vast differences in financial circumstances. The discussion of how much to have in emergency fund for someone who has hundreds of thousands in taxable savings is relatively meaningless. It's really just an asset allocation question and wheth...
by HornedToad
Sat Jul 29, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6890

Re: Can I afford it ? [A new car]

TomatoTomahto wrote:What is up with all this "you can afford it if you pay cash?"

I can get $2.25M in cash, but can I afford a Bugatti Veyron? I don't think so.
Is it 5% or less of your networth? Then yes you can afford it if you pay in cash :)
by HornedToad
Sun Jul 16, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 20674

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: 2517

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: 2517

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: 8043

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: 8043

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: 4356

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: 4356

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: 42
Views: 4940

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: 203
Views: 11363

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: 556

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: 42
Views: 4940

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: 3748

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 ...