Search found 627 matches

by nimo956
Tue Apr 04, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Switching Jobs for less...Has anyone done this....
Replies: 46
Views: 3567

Re: Switching Jobs for less...Has anyone done this....

Why does everyone assume that lower salary = less stress and better work environment? I do have reservations about going back to not for profit work. It frankly makes me uneasy . I used to work for a no for profit and the grant never dried up but it always made me nervous . There is also no over tim...
by nimo956
Tue Mar 28, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Boston apartment hunting advice/can I afford a studio?
Replies: 48
Views: 3358

Re: Boston apartment hunting advice/can I afford a studio?

Bad news is that you need to live with a roommate, but the good news is that you should be able to save 50% of your gross salary! You don't want to live in Beacon Hill or Back Bay; everything in those areas is expensive and overpriced. Look along either the red, green or orange line. Red line has So...
by nimo956
Sat Mar 25, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: Adults trip in May to Zion and Bryce National Parks
Replies: 21
Views: 2109

Re: Adults trip in May to Zion and Bryce National Parks

Use this excellent guide book (not just for photogtraphy):

Photographing the Southwest: Southern Utah by Laurent Martrès

https://www.amazon.com/Photographing-So ... phing+utah
by nimo956
Mon Mar 20, 2017 12:45 am
Forum: Investing - Theory, News & General
Topic: an in depth look at gold
Replies: 91
Views: 6037

Re: an in depth look at gold

Physical gold as investment in not very good. However, if you had to flee Syria the only thing worthwhile you can carry out would be gold. Your property, stock investment and currency are probably worthless. If your currency got demonetized as in India recently, gold would have been a good alternat...
by nimo956
Fri Mar 17, 2017 6:40 am
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 2057

Re: conflict of interest [CFA vs. fiduciary]

I would never rely on a toothless law to protect my money for me. Sadly, the only person who cares about the welfare my money is myself. That's why it's important that everyone take responsibility for their own retirement. This isn't like overpaying a few thousand for a car that one time. This is pe...
by nimo956
Fri Mar 10, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Student Loans Early? Requesting help.
Replies: 14
Views: 764

Re: Payoff Student Loans Early? Requesting help.

I like option 4 the best. Pay it off in full without taking any loans against your 401k and be done with it. Then build up your emergency fund back to where it was over time.
by nimo956
Tue Mar 07, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard doesn't understand Mega-Backdoor
Replies: 47
Views: 4288

Re: Vanguard doesn't understand Mega-Backdoor

I do this twice a year and Vanguard understands exactly what I want and there's never been a problem. My 401k is with Vanguard, however, so I'm talking to someone in their retirement plans department. They can see the amount of after-tax contributions and even tell me what the gain/loss is. All I sa...
by nimo956
Sun Feb 26, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid paying penalty for getting too much of a refund?
Replies: 9
Views: 1149

Re: How to avoid paying penalty for getting too much of a refund?

Thanks everyone for the fast replies. I'll wait to see how much is actually deposited before filing a 1040X.
by nimo956
Sun Feb 26, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid paying penalty for getting too much of a refund?
Replies: 9
Views: 1149

How to avoid paying penalty for getting too much of a refund?

I e-filed my federal taxes last night and almost immediately after hitting send realized that I made a mistake. I took an HSA deduction of $2650 when it should have been $0 (contributions made via payroll are considered "employer contributions" as well). As a result, my refund is $2650*0.2...
by nimo956
Mon Feb 13, 2017 11:55 am
Forum: Investing - Theory, News & General
Topic: Theory on whether to go Roth 401k
Replies: 89
Views: 7049

Re: Theory on whether to go Roth 401k

I didn't read all of the previous posts, so I'm not sure if this was mentioned. The whole point is to contribute to a Traditional 401k and then retire early. In the period from when you retire to before you begin taking SS (at 70), do Roth conversions to fill up the lower brackets. This is the tax a...
by nimo956
Wed Jan 11, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: No debt, except for...
Replies: 7
Views: 1167

No debt, except for...

This is just a random observation, but have you ever noticed how posters asking portfolio questions use the phrase: No debt, except for $1m mortgage, 2 $40k car loans, and $100k student loans Perhaps that's exaggerated, but I wonder why people choose that phrasing rather than saying, "I have $X...
by nimo956
Sun Jan 08, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 24629

Re: Annual Vacation Budget

I have trouble enjoying vacations at times because it seems the entire travel industry is designed to separate me from my money. Some observations: 1. Travel is far more expensive for families. You have to pay for multiple airline tickets, hotel rooms, etc., and are restricted to traveling during sc...
by nimo956
Thu Jan 05, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to gauge quality of healthcare network?
Replies: 5
Views: 401

How to gauge quality of healthcare network?

One year ago, my company finally offered an HSA option for our medical coverage, which I took up. I did the math to figure out that the HSA nets me nearly $2k more, based on the difference in premiums and tax benefits. The problem is that I assumed the network coverage is roughly the same, but now I...
by nimo956
Thu Dec 15, 2016 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security and Medicare Tax Different for Last Paycheck
Replies: 6
Views: 669

Re: Social Security and Medicare Tax Different for Last Paycheck

Okay, I spoke to payroll and figured this out. My company allows employees to nominate each other for small bonuses (like $100 - $500) throughout the year to reward good work on projects. It turns out someone nominated me and I'll be getting an extra $155 gift card! I guess I spoiled the surprise by...
by nimo956
Thu Dec 15, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Social Security and Medicare Tax Different for Last Paycheck
Replies: 6
Views: 669

Social Security and Medicare Tax Different for Last Paycheck

I get paid twice a month. The state is MA, if that matters. Nov 15th Paycheck: Gross pay = $2,881.29 Social Security Tax = $170.83 Medicare Tax = $39.95 Nov 30th Paycheck: Gross pay = $2,881.29 Social Security Tax = $180.44 Medicare Tax = $42.20 December 15th paycheck now matches Nov 15th. Is this a...
by nimo956
Tue Dec 06, 2016 3:29 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult? Three Month Update
Replies: 135
Views: 12254

Re: Learning an instrument as an adult?

I started music lessons at 28 (am 30 now). I had grown to love classical music since graduating college, and I really wanted to learn to play an instrument. I took piano for a few years in 3rd-6th grade, but I basically had to start from the beginning again, learning to read music. I chose the class...
by nimo956
Tue Nov 29, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 2798

Re: How to discuss salary offer as a manager?

Indeed. I find it absurd that you wish to talk salary to the employee before the figures are first cleared by HR. You'll look extremely silly, and the employee will be totally pissed off if you talk 75k and HR then says no way. +1 on this and not just the money. You need to confirm the salary grade...
by nimo956
Mon Nov 28, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 2798

Re: How to discuss salary offer as a manager?

I think the $75k figure is something you can work with and be honest about. BUT you better be certain HR will support that for an internal candidate that already got a big raise recently. I've seen managers incorrectly assume they can get HR to not classify an internal move as lateral. This is a go...
by nimo956
Mon Nov 28, 2016 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 2798

Re: How to discuss salary offer as a manager?

nimo956, 1) Can the candidate do the job? 2) Is it a good fit? 3) Can you offer much more that 75K or that is all that you can offer? 4) What is the problem with being honest and upfront with what you can offer? KlangFool 1. Yes, I know he can do the job, as he's proven himself quite capable on pro...
by nimo956
Mon Nov 28, 2016 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 2798

How to discuss salary offer as a manager?

I'm currently first-time manager who, as a result of a hiring freeze, doesn't have any direct reports. I've finally gotten approval to fill a position, and have been approached by an internal candidate I think would be a good fit. I need advice on how to discuss salary during the job interview proce...
by nimo956
Sat Nov 05, 2016 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: I can't help but feel I'm making a mistake by renting... help?
Replies: 73
Views: 6382

Re: I can't help but feel I'm making a mistake by renting... help?

This isn't even a question of the finances. You should keep renting because you are likely to get married and have kids in the near future. You can bet your future wife is going to want to have a say in choosing the house (number of bedrooms, school district, proximity to her job, etc.). Unless you ...
by nimo956
Mon Oct 31, 2016 10:18 am
Forum: Investing - Theory, News & General
Topic: Guaranteed 6.8% by paying down student loans?
Replies: 18
Views: 2089

Re: Guaranteed 6.8% by paying down student loans?

ralph124cf wrote:Another difference that has not been discussed is that the 6.8% savings is a guaranteed rate, while the 5% gain is a guestimate, and certainly not guaranteed. You should use a guaranteed rate for the potential gains, such as a ten year government bond, currently around 2%.

Ralph


+1
by nimo956
Sat Oct 29, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: How are RSUs taxed? [Restricted Stock Units]
Replies: 3
Views: 607

How are RSUs taxed? [Restricted Stock Units]

I received 500 shares of my company stock as a bonus a few months ago. These are RSUs that are currently worth around $25k - $30k. 1/4 vests each year for 4 years. My questions are: 1. Do I need to pay income tax on the 125 shares when they vest? I'm planning on selling immediately anyway, but I'm c...
by nimo956
Sun Oct 23, 2016 9:12 pm
Forum: Personal Consumer Issues
Topic: New couch? Please advise.
Replies: 28
Views: 2887

Re: New couch? Please advise.

For quality couches, look at Hancock and Moore or Bradington Young. I second the user who recommended speaking with Duane Collie and checking out the furniture forum.
by nimo956
Fri Oct 21, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Very tough career choice part 2 (ego, startup, hedge funds)
Replies: 97
Views: 10619

Re: Very tough career choice part 2 (ego, startup, hedge funds)

How much do you stand to make if your current company is sold? How long would it take you to earn that with the higher salary at the hedge fund? Edit: Can you keep your equity if you leave? You don't have to exercise your options, do you? If I leave, I definitely plan to exercise all the options I ...
by nimo956
Fri Oct 21, 2016 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Very tough career choice part 2 (ego, startup, hedge funds)
Replies: 97
Views: 10619

Re: Very tough career choice part 2 (ego, startup, hedge funds)

How much do you stand to make if your current company is sold? How long would it take you to earn that with the higher salary at the hedge fund?

Edit: Can you keep your equity if you leave? You don't have to exercise your options, do you?
by nimo956
Mon Oct 17, 2016 11:30 am
Forum: Personal Finance (Not Investing)
Topic: How do you analyze your spending? (Where is my money going?)
Replies: 69
Views: 6425

Re: How do you analyze your spending? (Where is my money going?)

In my opinion, you are going about this backwards. Start with a high level budget where you map out income and savings: Income = Savings + Spending As long as you are hitting your savings target, you can spend the rest on whatever you want. No need to track anything. The first thing you want to do i...
by nimo956
Mon Oct 10, 2016 11:26 am
Forum: Investing - Theory, News & General
Topic: Active vs Passive
Replies: 30
Views: 2843

Re: Active vs Passive

William Sharpe explained why index funds are superior to active funds in his article here: https://web.stanford.edu/~wfsharpe/art/active/active.htm It essentially boils down to: 1. The market's return is equal to the weighted average of the return of its individual stocks 2. An index fund holds all ...
by nimo956
Sat Sep 24, 2016 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: 29 years old, just beginning to invest, 38k salary.
Replies: 20
Views: 3002

Re: 29 years old, just beginning to invest, 38k salary.

You have $47k in taxable savings. You should max your 401k contributions at $18k per year, or the max % your employer will let you deduct from your paycheck. Then, you use the $47k to make up the shortfall in everyday spending needs. This allows you to transfer taxable assets to tax-deferred. Also, ...
by nimo956
Tue Sep 20, 2016 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Am I saving enough to retire comfortably? See my Excel model
Replies: 19
Views: 3483

Re: Am I saving enough to retire comfortably? See my Excel model

I'd say just save as much as you can until it hurts. The answer to, "I'm saving too much," is not to reduce your savings rate. Instead you move your retirement 5, 10, 15 years earlier. Instead of assuming you retire at 63, why don't you aim to retire at 50?
by nimo956
Mon Sep 12, 2016 11:45 am
Forum: Investing - Help with Personal Investments
Topic: question about bond investments in my portfolio
Replies: 13
Views: 1047

Re: question about bond investments in my portfolio

For a long term treasury fund look at the iShares ETF TLT, or Vanguard's ETF EDV. You could also just buy them directly through Vanguard for no fee. I don't think you'd have to worry about bid/ask spreads, since treasuries are traded so widely. It's usually muni bonds where you need to worry about ...
by nimo956
Mon Sep 12, 2016 11:20 am
Forum: Investing - Help with Personal Investments
Topic: question about bond investments in my portfolio
Replies: 13
Views: 1047

Re: question about bond investments in my portfolio

For a long term treasury fund look at the iShares ETF TLT, or Vanguard's ETF EDV. You could also just buy them directly through Vanguard for no fee. I don't think you'd have to worry about bid/ask spreads, since treasuries are traded so widely. It's usually muni bonds where you need to worry about g...
by nimo956
Wed Sep 07, 2016 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 20898

Re: Prospective Employer Wants Salary History & Desired Salary

I would highlight that salary expectations should be discussed early on in the interview process. We don't want to waste time with the interview process on someone we cannot afford or who is going to be drastically out of what we're looking to spend. We should never be in an spot where we've had mu...
by nimo956
Wed Sep 07, 2016 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice... Girlfriend and I are looking to buy our first home in Denver (super hot seller's market)
Replies: 80
Views: 5890

Re: Need Advice... Girlfriend and I are looking to buy our first home in Denver (super hot seller's market)

Buy a bigger house with your parents that the 4 of you can live in comfortably. I'm only half kidding. The thought occurred to me while reading this post, but why isn't there more multi-generational living arrangements in this country, given the high real estate prices in many cities? Why does every...
by nimo956
Wed Sep 07, 2016 12:27 am
Forum: Investing - Theory, News & General
Topic: Wash sales from Pre-Tax and After-Tax 401k from Mega backdoor?
Replies: 27
Views: 1672

Re: Wash sales from Pre-Tax and After-Tax 401k from Mega backdoor?

I think what's so puzzling to most people about purchases in IRAs or 401ks triggering a wash sale is the fact that it's a completely unenforceable law. The IRS has no knowledge of what you hold in your IRA or 401k, so how could they possibly know if a wash sale was triggered in this way? The only wa...
by nimo956
Tue Sep 06, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Convincing spouse to sell losing investment
Replies: 58
Views: 4750

Re: Convincing spouse to sell losing investment

4) The inheritance may have some personal connection to the deceased. Perhaps these stocks were spouse's mother's or father's picks, and there's some residual connection to the parent through the holdings. Based on what you've described, I think that this is likely the main issue at play here, coup...
by nimo956
Wed Aug 31, 2016 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay off first?
Replies: 13
Views: 1098

Re: Which debt to pay off first?

This is tricky because there are pluses and minuses with all of these loans outside of the mortgage. 1. The student loans have the highest interest rate and smallest balance, which usually means you should pay them off first. However, they likely have the least adverse consequences for falling behin...
by nimo956
Thu Aug 25, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Play account at Robinhood.....less than $100
Replies: 22
Views: 1775

Re: Play account at Robinhood.....less than $100

What usually has happened is I see a stock on the rise buy and then within 24 hours it's worth 1/2 what I paid. Did you really expect making money in the stock market to be as easy as buying a stock on the rise and seeing the upward trend continue indefinitely? The stock market is an auction sellin...
by nimo956
Sat Aug 13, 2016 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: new chapter of life started - want to save and grow money
Replies: 84
Views: 8597

Re: new chapter of life started - want to save and grow money

So you graduated residency, still with a sizable amount of student loan debt, and instead of working on paying it off you decided to immediately spend your entire savings on financing a house, furniture, 2 new cars, and a vacation on credit cards. That is an incredibly serious mistake, which will se...
by nimo956
Fri Aug 12, 2016 8:22 am
Forum: Personal Consumer Issues
Topic: Suppose one has been rear ended...
Replies: 33
Views: 2763

Re: Suppose one has been rear ended...

Can't believe some people would call 911 for a fender bender. This exact situation happened to me, and I was able to settle it amicably without involving insurance (causing the person at fault's rates to drastically increase). Exchange information with the other party. Get an estimate for the repair...
by nimo956
Thu Aug 11, 2016 9:09 pm
Forum: Personal Consumer Issues
Topic: How much vacation time do you get at work?
Replies: 155
Views: 11842

Re: How much vacation time do you get at work?

My company seems to be unique in that they don't distinguish between sick and vacation days. I've been there for 8 years and get 6 weeks plus 10 holidays. It's a great system if you're never sick. Most everyone takes a week for Thanksgiving and the last two weeks in Dec off. You still have enough da...
by nimo956
Thu Aug 04, 2016 11:13 am
Forum: Personal Consumer Issues
Topic: Florence, Italy Hotel?
Replies: 18
Views: 1054

Re: Florence, Italy Hotel?

Today, I would look at Airbnb first. I often find that the rooms are very nice at cheap rates (plus you get to stay with locals who can tell you where to go). Several years ago, I stayed at the Hotel Degli Orafi, which is right near the Ponte Vecchio. It was an extremely nice hotel for a reasonable ...
by nimo956
Fri Jul 22, 2016 3:45 pm
Forum: Personal Consumer Issues
Topic: Visiting Acadia National Park - Tips?
Replies: 22
Views: 1789

Re: Visiting Acadia National Park - Tips?

Definitely go to some of the lobster bakes; you'll find them on the side of the road at people's homes with just an outdoor picnic table. They cook the lobster right there and the prices are reasonable. I enjoyed a kayaking trip along the bay. Saw seals swimming along our boat, as well as some bald ...
by nimo956
Sun Jul 17, 2016 1:27 pm
Forum: Personal Consumer Issues
Topic: Help Planning Trip to Zion
Replies: 8
Views: 1123

Re: Help Planning Trip to Zion

Success! I was able to find an Airbnb right outside of Bryce Canyon (an entire house for 6 with laundry and kitchen for the same price as a hotel room). So I have 3 nights in Zion and 2 in Bryce. Now all that's left to find is the courage to hike Angel's Landing: https://youtu.be/_FY47LEfEG4?t=54m34s
by nimo956
Sat Jul 16, 2016 4:34 pm
Forum: Personal Consumer Issues
Topic: Help Planning Trip to Zion
Replies: 8
Views: 1123

Help Planning Trip to Zion

I'm really late in planning a trip to Zion in September. I've managed to get a 3 night reservation at the Desert Pearl Inn, which should give me enough time to do Angel's Landing, the Narrows, and some of the shorter hikes. The problem is, I can't find any rooms available at Bryce Canyon (both the l...
by nimo956
Thu Jul 14, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Boss cutting salary in response to employee not doing "job"
Replies: 78
Views: 9769

Re: Boss cutting salary in response to employee not doing

Employers can't cut pay retroactively, as in, "I know that I agreed to pay you $15 per hour, but I decided to only pay you $12 per hour for last week." But they can say "I have been paying you $15, but effective next Monday I am going to pay you $12." It is my understanding that...
by nimo956
Tue Jul 12, 2016 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Jobless with a decent amount of money [Canada]
Replies: 37
Views: 2894

Re: Jobless with a decent amount of money [Canada]

Your best bet is to increase your future earning potential rather than trying to eek out every last bit of return from your 200k. You have two options as I see it: 1. Go into business for yourself, which means sell something that people want at a profit (this can be a physical product or a service)....
by nimo956
Sat Jul 09, 2016 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Trust nightmare, help needed!!!
Replies: 26
Views: 4231

Re: Trust nightmare, help needed!!!

Sorry for my complete lack of expertise in this area, but this level of fraud seems clearly criminal. I'd imagine the trustee is facing serious jail time. Have you gone directly to the police/attorney general?
by nimo956
Thu Jul 07, 2016 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 333
Views: 23741

Re: Picking College and College Scholarships

If the kid gets into one of the elites, he won't be the doormat. He has the talent to succeed there. The issue becomes whether they have the drive or get distracted by the various other opportunities available in the university environment. rrppve, You know that mathematically it does not make sens...
by nimo956
Thu Jul 07, 2016 12:45 pm
Forum: Personal Consumer Issues
Topic: Hiking questions
Replies: 164
Views: 11007

Re: Hiking questions

I'm by no means an expert, but I found this post on this hiking blog to be extremely comprehensive (it also has the gear list you're looking for): http://www.mountainphotographer.com/my-backpacking-gear/ A few things I've noticed: 1. Don't wear cotton clothing. Get wool instead. Cotton doesn't dry q...

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