Search found 752 matches

by HornedToad
Mon Jun 18, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 72
Views: 3561

Re: How much car to buy reasonably?

Based on income: ~$25-30k

Based on net worth: $50k+
by HornedToad
Mon Jun 18, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on House Purchase
Replies: 13
Views: 1648

Re: Sanity Check on House Purchase

It wasn't clear what you are saving for retirement in your post that makes up the net.

If that is solidly on track with ~15-20% savings then I think overall you are in a good position for it.
by HornedToad
Sun Jun 17, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 35
Views: 2443

Re: How to calculate "fun money" per year?

Assuming relatively high income. Max 401ks + Roth IRAs, etc Calculate Living expenses for a "normal year" Look at the amount left over that would go to either taxable savings or "fun money" Decide on a split that makes sense to you to balance living more now vs. investing for retirement or future ex...
by HornedToad
Sun Jun 17, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: Best tips for starting a new job
Replies: 19
Views: 1216

Re: Best tips for starting a new job

Don't make statements of how to improve things compared to an existing process for at least 2 months. Nothing more annoying than a new co-worker coming in and saying you should do XYZ without understanding the reasons why the current approach is used and if XYZ was considered in the past and rejecte...
by HornedToad
Sun Jun 17, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Italy Trip Questions
Replies: 33
Views: 1802

Re: Italy Trip Questions

10 days should be good if you prioritize. I did this similar trip a few years ago and spent 5 days in Florence, 5 days in Rome and 1 day in Venice. From Florence/Rome, had day trips out to other sites. We flew thru London when we did it and it was fine. I felt like I saw most of what I wanted to see...
by HornedToad
Sat Jun 16, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 6578

Re: can we afford to spend $20K on travel annually

If I we're in your shoes and my options were either spend 20k or not travel I would definitely just spend the money: you have it. But, traveling for less than 20k seems easy to do. Is the 20k vacation really going to be that much better than the 10k? Unless you're talking about some unusually long ...
by HornedToad
Thu Jun 14, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?
Replies: 23
Views: 2963

Re: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?

A hypothesis: more renters/owners in the SF Bay Area are familiar with and open to the "sharing economy" and thus the supply of private rooms is higher than in LA. After all, AirBnB started in SF, also Uber, etc. If in fact a higher % of household units offer up such rooms, then that increased supp...
by HornedToad
Mon Jun 11, 2018 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to this ESPP?
Replies: 21
Views: 1257

Re: Should I contribute to this ESPP?

That's a pretty awesome ESPP. You should contribute the max. I'd be tempted to sell immediately instead of trying to wait 1-2 years for more favorable tax treatment. See articles below https://blog.wealthfront.com/good-espp-no-brainer/ https://www.mystockoptions.com/content/how-long-must-i-hold-shar...
by HornedToad
Sun Jun 10, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3622

Re: Retire in 2 years at 55 - Can I do it

Would like to understand if the group believes I can retire in 2 years at 55 Situation $1.7 million in 401K $400,000 in Taxable Accounts Will contribute another $60,000 to 401K before retirement and additional $30,000 to taxable Pension worth $56,000 per year (NO COLA) if I start taking in 2020 and...
by HornedToad
Sun Jun 10, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Age 33 Financials- Thinking of buying a second home- please critique
Replies: 5
Views: 580

Re: Age 33 Financials- Thinking of buying a second home- please critique

With those numbers, I definitely wouldn't. You are in a great financial situation (outside of WAY too much in company stock), why ruin that for a second home. Are you currently going there every weekend as you think you will? I find that people generally use second homes much less than they expect a...
by HornedToad
Sat Jun 09, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5350

Re: Another home thread: 2mil / 40K in taxes

You can afford it; mostly because you already have good savings. Although a current rent of $3k/mo is REALLY good so it depends on how sustainable that is for you right now. I'd put down the $1mil in cash, bring the loan to closer to within the federal deductible limit and shrink monthly payments to...
by HornedToad
Fri Jun 08, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: negotating salary for lateral move
Replies: 7
Views: 526

Re: negotating salary for lateral move

Is this change within the same company, or changing to a new employer? Just because the title is the same, does not mean it is a lateral move. If there is more responsibility, it is a promotion of sorts and should be appropriately compensated. same company. agreed that greater responsibilities shou...
by HornedToad
Thu Jun 07, 2018 9:48 pm
Forum: Personal Consumer Issues
Topic: Severance Package Question
Replies: 57
Views: 4962

Re: Severance Package Question

Might as well give it a shot. Sit down with them and be reasonable, tell them you want your pro rata bonus and your equity vested. See what they say. If you really want to push it, tell them you have a claim or claims you’ll bring against them if they don’t agree to that. They’re likely going to wa...
by HornedToad
Thu Jun 07, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50447

Re: How much money do you want to retire?

A typical suburban house with 2500 sqft and 4 bedrooms will have taxes around $12K in Bostom Metrowest area *WITH* good school system. I live about 40 miles from Boston and my taxes for that house are over $13K. The assessed price is around $700K. My RE portion had been always higher than PI since ...
by HornedToad
Thu Jun 07, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4254

Re: How much to budget for a week long vacation for 2?

$5-6k/week on average.

Go up or down depending on your use of deals, credit card points, how much fine dining you do, etc.
by HornedToad
Mon Jun 04, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7445

Re: Is our monthly Personal money out of line?

Thanks for all the great responses. To me, "optimize spending" means not wasting money and getting the most utility out of what we do spend it on. Now I know that "wasting money" means different things to different people. :beer I do like the perspective that as long as we're on track to meet our f...
by HornedToad
Sun Jun 03, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50447

Re: How much money do you want to retire?

I'd be more than happy with $150k/yr and a paid off house. So I guess depending on withdrawl rates chosen between $3-5mil..
by HornedToad
Sun Jun 03, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Max out 401k w/credit card debt?
Replies: 30
Views: 1859

Re: Max out 401k w/credit card debt?

Thanks for the quick replies! To be precise, are you all suggesting directing all discretionary "savings" dollars towards credit card debt before contributing $1 to 401k/529's or is there a balance you'd suggest aiming for? I would contribute to the 401k only up to the match amount, if any. My comp...
by HornedToad
Sun Jun 03, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5229

Re: Have $2.5M at 30, career advice needed

Honestly your post is either a joke or you are severely out of touch with how well you are doing. Yes, you can't FIRE *today* in the Bay area. You certainly could in the next ~15-25 years depending on how much you want to focus on it. If you want to go sooner then yes, you can always move somewhere...
by HornedToad
Sun Jun 03, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: $1,000,000 in savings account to pay mortgage?
Replies: 32
Views: 4158

Re: $1,000,000 in savings account to pay mortgage?

OP, California is a non-recourse loan state. If the house is underwater, you could walk away from the house. So, why would you tie up a lot of your money into the house? KlangFool Maybe because not everyone is comfortable with "walking away" from a legal financial obligation and defaulting on a ban...
by HornedToad
Sun Jun 03, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5229

Re: Have $2.5M at 30, career advice needed

Honestly your post is either a joke or you are severely out of touch with how well you are doing. Yes, you can't FIRE *today* in the Bay area. You certainly could in the next ~15-25 years depending on how much you want to focus on it. If you want to go sooner then yes, you can always move somewhere ...
by HornedToad
Sat Jun 02, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7445

Re: Is our monthly Personal money out of line?

We do $200/mo each but clothes, hair, makeup, etc are all joint expenses. The $200 is for splurges (computer games, books, purses, etc) and gifts for each other. It also allows for one of us to buy something very nice (high end purse, new laptop, etc) and either partially or fully cover it with pers...
by HornedToad
Fri Jun 01, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing jobs: bonus vs no bonus
Replies: 26
Views: 1628

Re: Comparing jobs: bonus vs no bonus

In tech, I generally count it as 100% for job offer purposes. The target total compensation (base, bonus, stock) is what I compare across companies, not base salaries.

Personal budgeting might apply discounts, but for job comparisons you should include bonus + stock.
by HornedToad
Thu May 31, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Maximum to Spend on Rent
Replies: 9
Views: 1025

Re: Maximum to Spend on Rent

$1800-2k/mo.
by HornedToad
Thu May 31, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Profile: The Road to 1Million USD
Replies: 42
Views: 8413

Re: Profile: The Road to 1Million USD

Since you asked for numbers, I'll throw out a SWAG. With regular raises/career growth and roughly maintaining savings rate. You'll hit $1 million net worth by the time you are 40. If you have bigger/better raises, marry someone with similar goals, or the stock/real estate market does well then it'd ...
by HornedToad
Wed May 30, 2018 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: "Reversing" 401k to get match at new job?
Replies: 20
Views: 1542

Re: "Reversing" 401k to get match at new job?

This doesn't help you now, but if looking at switching jobs in the future then it's worthwhile to lower the 401k contribution to the company match and not max out early in the year in order to avoid this problem.
by HornedToad
Tue May 29, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12330

Re: how do you tip on wine at a restaurant

At nice restaurants I either bring a wine bottle(s) and pay the $15-45 corkage or only order a glass of wine. In both those scenarios I tip the 18-20%. One of the reasons I'd never order expensive wine for dinner is both the markup and then principle of tipping on the markup. I went to a fancy steak...
by HornedToad
Sat May 19, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12330

Re: how do you tip on wine at a restaurant

There’s nothing quite like reading through 100 posts where smart Bogleheads try to rationalize a cultural practice that is in fact irrational. I tip 20% on the total bill including alcohol, but I can’t explain why. I can explain why. For better or worse, the US restaurant industry compensates their...
by HornedToad
Sat May 19, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12330

Re: how do you tip on wine at a restaurant

You should also never just order water, or the cheapest dish or skip on appetizer or desert as then you are also just stiffing the waiter from expected tip as well....
by HornedToad
Thu May 17, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 2962

Re: Urgent: escrow situation in bay area

I think you don't have to worry too much on job security... You will be alright. Its just that you are stretching little too much. I would get out if there was an opportunity without penalty.. I wonder how did the bank even approve that high mortgage for this income. Because with Trumph's SALT cap ...
by HornedToad
Thu May 17, 2018 2:42 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12330

Re: how do you tip on wine at a restaurant

20% for good service. If you can't tip 20% on the wine, you can't afford the restaurant. Less if the service is poor, and more if the service is amazing. IMO, this attitude is silly but it's one of the reasons I bring my own wine. Then I'm tipping on a $20-40 corkage instead of on a $200-300 bottle...
by HornedToad
Fri May 11, 2018 12:56 am
Forum: Investing - Help with Personal Investments
Topic: When to exercise options at public company?
Replies: 6
Views: 593

Re: When to exercise options at public company?

If your options still have years to go before expiring, you are giving away quite a bit of the option value by exercising now. I tended to get nervous when I got to within a year or two of expiration, but I never felt like I needed to exercise as soon as they vested. RSUs were a different story, I ...
by HornedToad
Tue May 08, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle problem employee
Replies: 84
Views: 5766

Re: How to handle problem employee

Not everyone in corporate america is a high performer - that's just the way it is. I'm actually a bit concerned that as a new manager, you just want to fire the person, versus adapt your approach. I'm a relatively new manager with a few difficult employees and encountered the similar situations as ...
by HornedToad
Mon May 07, 2018 10:44 pm
Forum: Personal Consumer Issues
Topic: How much car to buy on $250K income, $200K NW, newborn on the way
Replies: 78
Views: 6272

Re: How much car to buy on $250K income, $200K NW, newborn on the way

$25-30k... ~10% of income for car works well.

Gotta give yourself room to trade up in 10 years so you are at the $40-45k range there instead of starting there now :)
by HornedToad
Sun May 06, 2018 12:46 am
Forum: Personal Consumer Issues
Topic: Do we spend too much on food?
Replies: 71
Views: 6214

Re: Do we spend too much on food?

Family of 2, who semi-regularly uses the food delivery services.

We average $1000-1100/mo for groceries and then another $500-800/mo for restaurants for just under $2k/mo. The restaurants skew high due to nice meals (~$300-500) for special occasions: birthdays, anniversary, valentine's day, etc
by HornedToad
Thu May 03, 2018 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Restricted Stock Units and Stock Options Strategy
Replies: 21
Views: 1934

Re: Restricted Stock Units and Stock Options Strategy

RSU's should be sold immediately when they vest. Options should be held as long as possible, or until they become a disproportionate portion of your portfolio or life changing money. The reason is that employee options are a MUCH better deal than options available to the public and typically last ~7...
by HornedToad
Wed May 02, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 32126

Re: KF's simple rules to achieve FI [Financial Independence]

Honestly, the rules are fine... They are just similar to using a 2% withdrawal rate for a 30 year retirement because the person is hyper-worried about running out of money. It's the same idea here, if the main driver is excessive fear of financial insolvency then you can follow this and not need to ...
by HornedToad
Fri Apr 27, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Work-life balance
Replies: 68
Views: 7611

Re: Money vs. Work-life balance

How old are you and how big of a difference will the increased money make? 20-40% raise is pretty fantastic at that level. It didn't look like the Worklife was that much worse, just that it required more office time. Does it also require more total hours per week? The only real sticker to me is the...
by HornedToad
Fri Apr 27, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Work-life balance
Replies: 68
Views: 7611

Re: Money vs. Work-life balance

How old are you and how big of a difference will the increased money make? 20-40% raise is pretty fantastic at that level. It didn't look like the Worklife was that much worse, just that it required more office time. Does it also require more total hours per week? The only real sticker to me is the ...
by HornedToad
Thu Apr 26, 2018 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Another house budget question
Replies: 24
Views: 2193

Re: Another house budget question

Now that you've added assets, it's obvious that it's affordable since you could buy the house for cash at $1.5m.

The question is whether its smart and that's more about tradeoffs and life goals.
by HornedToad
Thu Apr 26, 2018 1:07 am
Forum: Personal Consumer Issues
Topic: Anyone had luck getting condo to install solar panels?
Replies: 6
Views: 689

Re: Anyone had luck getting condo to install solar panels?

If you can do it for your own roof (ala more of a townhome style), then a pretty high chance. If trying to do it for the entire association, then its impossible. And frankly would be annoying to expect all the other homeowners to pay a special assessment/heavily deplete reserves for something they m...
by HornedToad
Wed Apr 25, 2018 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 6186

Re: Who benefits from "best and final offer" on condo?

You also don't necessarily want to piss off your buyers and lose them by getting in endless rounds of bidding. One thing you could have done in your offer is say offer is $5k over next highest offer not to exceed $1.35M. And that you have to be shown the valid other offer (id/agency can be hidden). ...
by HornedToad
Tue Apr 24, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10291

Re: Salary Negotiation gone sour

No bonus is guaranteed. Anyone who thinks or says otherwise is kidding themselves. Where I work now supposedly everyone “maxed” bonus the last 7 years. Yet amazingly, my first year on the job, they’ve already pretty much said they aren’t giving out bonuses this year. True, but different industries/...
by HornedToad
Mon Apr 23, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10291

Re: Salary Negotiation gone sour

If they took someone else because of 3k/yr losing that job was actually positive for you. +1. Something is fishy about that company. You probably lucked out. That’s why I think it’s always good to negotiate for salary — the company’s way of handling it is a pretty good indicator of what it will be ...
by HornedToad
Mon Apr 23, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Job Interview - Send follow up email?
Replies: 16
Views: 1734

Re: Job Interview - Send follow up email?

As someone who worked in tech, and did a *lot* of hiring... 1. Yes, it can’t hurt. Nobody does it, so that will set you apart. It won’t help if you’re really right or wrong for the position, but it might help in deciding between multiple people who are a fit for the position. 2. Both. If you follow...
by HornedToad
Thu Apr 19, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3761

Re: Good Dad, Bad Dad [pay for son's driving expenses (or not)]

Commuting to college on public transportation while living at home sounds absolutely miserable to me. If he's staying at Campus, no need for a car, but having to schedule classes, study, possible part time job, etc around public transit would be frustrating. Also, reading your OP, you seem very luke...
by HornedToad
Wed Apr 18, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Broke up with my girlfriend for financial reasons: crazy?
Replies: 53
Views: 3566

Re: Broke up with my girlfriend for financial reasons: crazy?

My real question here would be: is it worth to compromise my savings rate, which might ultimately affect my financial goals, for a relationship, as opposed to keep looking for a partner who is more aligned to my financial goals? Valid question. I'd say probably both. Someone with your income living...
by HornedToad
Fri Apr 13, 2018 12:31 am
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 10673

Re: Mid-40s in tech - how to pass off as acceptably young

Shave hair. Cool geek looking like Jeff Bezos. Can you still write code? If you can, you can still have a job. If not, sorry. I'm surprised whenever I hear about coders wanting to move into management to combat age-ism. I always saw it the other way around. If you can code well, you will have more ...
by HornedToad
Thu Apr 12, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: DINK High Income Earners - how to lessen the tax impact?
Replies: 25
Views: 2522

Re: DINK High Income Earners - how to lessen the tax impact?

This is probably what I'm asking the most of...How cute can we get? For example, we both need new iPads, is it out of line for her S-Corp to run to CostCo and buy them? For sure it makes sense for at least 1 to be done that way, but how will it ever be proven that the 2nd one was for me? And even t...
by HornedToad
Thu Apr 12, 2018 12:36 am
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 10673

Re: Mid-40s in tech - how to pass off as acceptably young

Maybe I'm naive, but I'd argue that a good portion of the problem with being older is more that your skills might be dated . Over time, as you work on projects, its natural to not be as fluent with new technologies and trends as you would have been when you were younger and learning in school, had m...