Search found 707 matches

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: 48
Views: 3005

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: 2980

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: 9726

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: 2307

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: 9726

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...
by HornedToad
Sun Apr 08, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 56
Views: 4337

Re: Structuring Newlywed Finances for Fairness and Less Arguments

If we each get $10k/year discretionary spending, would that be too much, too little? From a fairness standpoint though, I put in longer hours between the job and additional work from managing rental properties, so should I be getting more discretionary spending (if not, less motivation for me to do...
by HornedToad
Wed Apr 04, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: VHCOL Home Buying Advice (Bay Area, where else?)
Replies: 65
Views: 4854

Re: VHCOL Home Buying Advice (Bay Area, where else?)

Thanks for the responses, all. $330K includes cash bonus and RSU ($225K base + $40K cash bonus + $65K RSU, per annum). I expect those to rise steadily in the coming years, and possibly sharply if I leave for another employer. I don't really want to leave. I have criminally good work-life balance th...
by HornedToad
Sun Apr 01, 2018 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Hit by AMT due to 1 year RSU vesting cliff
Replies: 29
Views: 2455

Re: Hit by AMT due to 1 year RSU vesting cliff

This is only potentially a problem the first year because you went from lower income/no RSU to RSU's. Going forward it wouldn't matter whether it was monthly or 1 yearly vesting because you'd have roughly the same amount of RSU's vest each year and so monthly vs. yearly would be irrelevant. Also, th...
by HornedToad
Sat Mar 24, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent. Experience anyone?
Replies: 27
Views: 1849

Re: Lawyer instead of buyer's real estate agent. Experience anyone?

You can do it but it probably won't save you much if any money. Most sellers contracts dictate the 6% and if there's no buyer's agent the seller's agent gets more. You might get 1%, MAYBE 1.5%. Unless you find a FSBO home.
by HornedToad
Thu Mar 22, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Points on Purchase Mortgage - Worth It?
Replies: 28
Views: 2285

Re: Paying Points on Purchase Mortgage - Worth It?

Don't pay the points. I say this from experience. I know my answer doesn't fit every scenario but here is my logic and what I've learned from experience. By paying the points, you are taking a large gamble that 1. You won't move for a long time (say 30 years) and 2. You won't refinance in the near ...
by HornedToad
Tue Mar 13, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 12387

Re: Need advice re: Liberal Arts Colleges...

I think this is much more of a college major question (Liberal Arts vs. STEM) instead of a liberal arts vs non-liberal arts college. I went to a Liberal Arts college and anyone from that college with a degree in hard sciences (Comp Sci, Physics, Engineering, etc) did very well. Generally people with...
by HornedToad
Sat Mar 10, 2018 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs. additional tax-advantaged retirement savings
Replies: 93
Views: 5523

Re: Paying off mortgage vs. additional tax-advantaged retirement savings

I don't have a problem with 100/0 in 30s or even 40s. I don't consider the fact that an increase in riskiness for a single year should be used to evaluate the overall riskiness of a portfolio that'll last 30-40+ years if you include drawdown. It depends on what your personal risk tolerance and behav...
by HornedToad
Fri Mar 09, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: As a home buyer, do you use your own realtor or agent?
Replies: 25
Views: 2083

Re: As a home buyer, do you use your own realtor or agent?

We did. It was convenient as we went thru the process and it's not that common to get a 2-3% discount for not using an agent (or that amount is lost in the negotiation).
by HornedToad
Wed Feb 28, 2018 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: New job offer: Question on the Term Sheet
Replies: 7
Views: 1024

Re: New job offer: Question on the Term Sheet

Since you'll be working from Chicago for the next ~9 months, I would expect it to say Chicago. This is mainly an HR process as they probably don't have site location/etc since you said they haven't selected it yet
by HornedToad
Wed Feb 28, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 72
Views: 5647

Re: Can we afford to stay in HCOL area?

I will check out the some San Jose areas. I pretty much wrote off the entire San Jose because of some pretty scary stories but maybe they're old stories. I'd be curious to hear what stories you heard. I grew up in San Jose in the 90's. Things have definitely changed whenever I go back to visit fami...
by HornedToad
Wed Feb 28, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Outward signs of a private company failing
Replies: 20
Views: 1207

Re: Outward signs of a private company failing

Please, let's focus on the question at hand. What are the external signs of a failing private company? They stop hiring. They are much more aggressive trying to collect on AR's. They say things like "it'll be ok once our funding cycle closes" If you are an employee, they cut your salary "temporaril...
by HornedToad
Wed Feb 28, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 146
Views: 9199

Re: How much cash do you keep at any time on checking?

$10k or so. Above that regularly then i transfer to savings.
by HornedToad
Mon Feb 26, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tax reform SALT affecting in Bay Area?
Replies: 67
Views: 9242

Re: Tax reform SALT affecting in Bay Area?

SALT raises taxable income by capping $35-40k in taxes to $10k. Lower tax brackets lowered total tax that was due. All in all for me it was a tax savings, it just makes it that it would have been much more of a tax savings as a renter. If this is actually true, why not sell your house and rent? All...
by HornedToad
Mon Feb 26, 2018 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Tax reform SALT affecting in Bay Area?
Replies: 67
Views: 9242

Re: Tax reform SALT affecting in Bay Area?

SALT raises taxable income by capping $35-40k in taxes to $10k. Lower tax brackets lowered total tax that was due.

All in all for me it was a tax savings, it just makes it that it would have been much more of a tax savings as a renter.
by HornedToad
Sun Feb 25, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a larger raise at yearly review?
Replies: 37
Views: 2506

Re: Should I ask for a larger raise at yearly review?

As a counterpoint to Sarah's excellent points, it's also possible that Megacorp really will only limit raises to 2-4%. However, if you are a high performer you can talk to your boss/director/etc and raise concerns about salary and that you'd like to stay but the market is higher outside, etc etc. No...
by HornedToad
Thu Feb 22, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2587

Re: Is a prenup required to establish a list of separate property before marriage?

Does anyone want to bite on whether the value of the equity in a house owned by one person before a marriage can be considered separate property in the event of a divorce, if the couple refinanced the house after marriage, resulting in both their names ending up in the deed? If a prenup doesn't hel...
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: 135
Views: 7051

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: 3925

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: 63
Views: 6031

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: 6044

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: 1267

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: 3775

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: 22344

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: 22344

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: 22344

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: 2848

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: 6139

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: 3633

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: 9865

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: 9767

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: 11347

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: 2589

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: 3371

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: 2606

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: 2221

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: 4607

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: 13270

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: 3742

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: 1444

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: 2042

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: 11029

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: 11029

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: 11029

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: 2425

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: 4770

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...