Bogleheads.org

imfocusedman

The payments phase out long before income reaches $1M per year. According to your link for Married Joint returns it phases out at $198,000. The OPs question was about the $500 per child payment and while I agree it’s not clear from the language that’s been used, I believe that is phased out along wi...

imfocusedman

I'm truly surprised by all of the "quit now and run" or "wait it out and get fired" or "leave at 5 every day" advice! I'm my opinion this is misguided or at best misinformed advice for the league you are in. OP - you are getting paid $1.2M by this company, meaning that's the value they've placed on ...

imfocusedman

OP, a few quick thoughts and for background I am recently retired from the C-Suite (C-level at my last few firms): 1) 90 day plan: As mentioned in several posts above...Absolutely vital to have this. You should have enough info from the interview process and initial discussions with your boss and o...

imfocusedman

We also did prepay through the summer and were offered a credit of ~50% per month to be used for next year's tuition. I would ask for the refund or discount you need, understanding that although there are fixed costs, they certainly have lower overhead - supplies, snacks, utilities - during this tim...

imfocusedman

3618.50

imfocusedman

+1 for First Republic. Especially if paying off in 4 years - will refund you back up to 2% of original loan value if you’re able to do that. Also available in NYC area.

imfocusedman

Did anyone actually make it off the waitlist this year?

imfocusedman

How long are you parking for? Plenty of high yield online savings accounts giving 2%+. More than that for CDs if you don’t need flexibility.

imfocusedman

$500k+ per year is doable working on "Wall Street", but a good portion of that will likely be in the form of an at least somewhat subjective and discretionary annual bonus (could be combination of cash and deferred stock). While my data may be somewhat stale, someone at the VP / Director level migh...

imfocusedman

The lower end of middle level management at any significant western corporation should get you there, although you may need to include bonus and stock in some cases. This is my experience as well although I would edit to say you “will” need to include target bonus and RSUs/options to hit this level...

imfocusedman

Small point but sounds like you’ve refi’d with First Republic. The early payoff refund is interest paid up to 2% of original loan balance.

imfocusedman

Please add me to the waitlist. Don’t know how I missed this!

imfocusedman

I know folks are going to say to ask for more work but I can't get motivated by being busy doing nothing.. That isn't what people mean. When you ask for more work, the goal isn't to get 'nothing' in return. The expectation is that you'll either get more of the same work, help out on a high priority...

imfocusedman

Would be curious to see that equation. Sounds like the revised answer is to hold 10 year options for 9 years and 364 days if you can stomach it. Thanks for all the input. Will have some fun with this one.

imfocusedman

Great post. Thanks for sharing and congratulations!

imfocusedman

I had this too. I added a new code into Box 12a with the updated info.

imfocusedman

Thanks all. Mike- helpful links. Appreciate that. Surprised to hear some say “sell the moment they are in the money” by definition that would mean they will be worth $0.01. That’s different than “sell the moment that they vest, assuming they are in the money”, which I would have assumed was the righ...

imfocusedman

For those of you that are granted stock options through your employer (publicly traded), what’s the best way to exercise your options upon vesting to avoid market timing? Specifically, I’m thinking about two different circumstances. The one where the options are “in the money” when they vest is more...

imfocusedman

Agree without Tony. Might also set up some coffee chats with peers on the new team / future potential direct reports to learn more about the culture, requirements, ways of working, etc.

imfocusedman

Here we go again. Family of 4 in HCOL, we budget $1000 for restaurants (mostly weekend dinners and weekday lunches/coffees) and $800 for groceries (weekday dinners and all the other things that fill the fridge and pantry).

imfocusedman

Congrats and thanks for the follow up.

imfocusedman

Agree completely with Earl L. First number you gave was an assessment of what it would take to make it worth everyone’s while to have the discussions. Now that you have additional information, you have adjusted your requirements. No one is forcing anyone on either side to do anything. If offered the...

imfocusedman

To provide a counter argument, I don’t see anything wrong with sending another follow-up email this week to demonstrate continued interest. You might include something you read or saw in the news related to the industry or company. Agree that if you are the top candidate they will not forget you, bu...

imfocusedman

We can argue about details for ever but basically some people will say how can I possibly spend 4k/month and someone else is going to go there is no possible way I can live on 4k/month. Both are true and really aren't worth discussing as they are very personal choices. What I do find suspect is the...

imfocusedman

Mackenzie-Childs

imfocusedman

Helpful to hear from everyone and seems that at least some see it the same way I do. I’m not suggesting no savings or extreme lifestyle creep. I’m suggesting that a couple earning $250k, who might be paying a $4k mortgage and maxing 2 401k’s is “living on” less than $100k/year after taxes, mortgage ...

imfocusedman

Thanks for all the replies. Understanding the nuances and differing opinions, I guess the real question is if ones current expenses (after retirement savings, after HSA, after mortgage, after debt repayment) are less than projected SS benefit, and you already have a decent sized retirement savings b...

imfocusedman

The thread on Baby Boomer savings brought this to mind. For a higher earning couple, assuming they’re debt free and have a paid off home at retirement, why not aim to have expenses be at/below the expected Social Security benefit? Assuming that’s ~$3k to cover property taxes, healthcare, food, trans...

imfocusedman

Congrats on the interviews and good luck in the process. For these situations, I find it best to anchor yourself around things you would truly want to know to help make your decision. Would not treat it as a throwaway. Imagine yourself with the offer in hand - what do you still need to know before y...

imfocusedman

My choice to not roll to IRA was based on a couple of things:

1. Flexibility to take 401k loan if needed
2. Blocks (or at least creates some headache for) doing a Backdoor Roth (if currently have $0 balance in Traditional IRA, as I did)

imfocusedman

my mortgage is $1,500 a month, but total expenses per month are around $5K, so make sure you understand taxes, utilities, etc and factor those into your new budget. I think you should keep renting, boost your 401K to the max, and save as much as you can for an eventual 20% downpayment. Buy a house ...

imfocusedman

Good luck in the new role!

imfocusedman

I checked Earnest and CommonBond. Their fixed rates ranged 3.5-3.75%. I applied and chose a variable 2.47% rate. I plan to pay this off within the next 15 months, so even if LIBOR increased by 1% during that time (possible, but unlikely), it's still less than 3.5%. Refi done. :sharebeer Sounds like...

imfocusedman

OP is talking about paying off in 40 months or less. How is loan forgiveness in the discussion?

imfocusedman

First Republic is likely to have best rates- especially for 4 year term, if you qualify - geography/income/debt/cash position dependent.

Good features like giving back part of the interest if paid in under 4 years.

Lots of BH threads about this topic- do a search.

imfocusedman

What about this response do you consider rude? Seems as though you got a very clear and direct response to your request. Would the non-rude response have been if they said yes? As others have said, you got your answer and your choices are clear. My experience with these types of things usually ended...

imfocusedman

Thank you for all that you’ve done! It’s great to see you posting here - my daily read for the past several years. The thinking and guidance of this group has transformed my life!

imfocusedman

Replied to your PM. Thanks.

imfocusedman

I think that depends on whether you lease or buy. When I leased an EV earlier this year, the dealership passed on the $7,500 federal rebate directly to the cost of the lease, with no need to provide any tax information.

imfocusedman

Hi all, I'm writing on behalf of my mother, who has a few questions regarding choosing when and the right way to take SS benefits. I'm mostly a rookie on this, but a recent thread sparked these questions. The basic situation is as follows: Mom turns 64 this year. Ex-husband (Dad) will turn 66. Both ...

imfocusedman

Looking for some advice from the smartest group of people I can find. I'm in the process of interviewing for 2 jobs with the same company. Each are very different: Job A: Higher title, lower growth potential Job B: Higher growth potential I came in to discuss Job A, and got pulled in to discuss Job ...

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