Search found 99 matches

by ModifiedDuration
Mon Feb 10, 2020 6:45 pm
Forum: Personal Consumer Issues
Topic: Digital Job Interview?
Replies: 18
Views: 1241

Re: Digital Job Interview?

This sounds like the Kira Video interviews that law school applicants have been doing for several years.

A few of the law schools my daughter was applying to required them.

She wasn’t a big fan, but, at the time, said she did fine.
by ModifiedDuration
Sat Aug 10, 2019 10:25 am
Forum: Personal Consumer Issues
Topic: Experience with “change airport” itinerary(LGA to JFK)?
Replies: 33
Views: 2314

Re: Experience with “change airport” itinerary?

livesoft wrote:
Sat Aug 10, 2019 9:28 am
Grt2bOutdoors wrote:
Sat Aug 10, 2019 9:21 am
Actually both airports are in Queens, a peninsula.
Indeed. And what island is Queens located on?
That would be Long Island.
by ModifiedDuration
Sat Aug 10, 2019 7:48 am
Forum: Personal Consumer Issues
Topic: Experience with “change airport” itinerary(LGA to JFK)?
Replies: 33
Views: 2314

Re: Experience with “change airport” itinerary(LGA to JFK)?

If the transfer between LaGuardia and JFK is happening Monday through Friday or on the weekend and exactly what time of day it will be happening will make a big difference in what the travel time between airports will be. A weekday afternoon would be bad enough, but doing this around 7:30 or 8:30 on...
by ModifiedDuration
Thu Aug 08, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: Silicon Valley Interview Attire
Replies: 30
Views: 2989

Re: Silicon Valley Interview Attire

Skip the sports jacket.

My son is at one of those Silicon Valley companies and has told me the reaction to someone “over dressing” is: “We told him/her to come casual?!”, “they won’t fit in here”, reject.
by ModifiedDuration
Sun Jul 21, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 8724

Re: MBA worth it?

Only if it comes out of a VERY GOOD university such as U Penn, Harvard, Yale, Princeton, NYU Stern, Stanford, Berkeley, Duke or U Michigan. Basically if it's not a well known quality U you're wasting time and money. An MBA from Princeton? Good to know that someone won’t be wasting their money getti...
by ModifiedDuration
Wed Jul 10, 2019 9:30 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 3680
Views: 338770

Re: S&P 500 hit 3,000 today

And I remember how cool I thought it was when the S&P 500 reached 500 for the first time in March 1995.
by ModifiedDuration
Sat Jun 15, 2019 7:47 am
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 87
Views: 10103

Re: How safe are pensions in the U.S.?

Would you rather get a pension from a corporation when PBGC guarantees it for aroundg 60K a year and it is 85% funded and must assume very low 3.9% investment returns for discounting or a plan that is only 73.7% funded under the assumptook the 50/50 ot 60/40 portfolio returns 7% per year? The disco...
by ModifiedDuration
Mon Jun 10, 2019 11:22 pm
Forum: Personal Consumer Issues
Topic: Good Rx
Replies: 60
Views: 6323

Re: Good Rx

Also check WellRx.

For my prescriptions, I have usually found lower prices at WellRx than Good Rx.
by ModifiedDuration
Wed Jun 05, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: windfall. do I need to pay estimated tax this year
Replies: 17
Views: 2280

Re: windfall. do I need to pay estimated tax this year

Increase the withholding on your salary so that you have withheld this year at least 110% of last year’s tax liability and you should be good.

Is this $1 million payout a capital gain item?
by ModifiedDuration
Tue Jun 04, 2019 6:21 am
Forum: Personal Finance (Not Investing)
Topic: How much life insurance do we NEED
Replies: 11
Views: 1093

Re: How much life insurance do we NEED

I am a CPA and would second the previous suggestion to look into the AICPA life insurance program, if you are also a CPA. I had the annual, renewable term life insurance for decades (before I retired) and it is very attractively priced, especially when you consider the annual premium refunds. The AI...
by ModifiedDuration
Sun Jun 02, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to stay under FDIC limits
Replies: 20
Views: 1363

Re: How to stay under FDIC limits

It would depend on beneficiary titling.
by ModifiedDuration
Wed May 29, 2019 8:26 am
Forum: Personal Investments
Topic: FDIC Insurance Limits
Replies: 12
Views: 781

Re: FDIC Insurance Limits

Getting conflicting information from two banks. I was interested in having all FDIC insured account for myself and my spouse ideally at one bank. I know I can get the 250k insurance for each individual account, but could I have a third checking account that was a "joint" account at the same bank, a...
by ModifiedDuration
Fri May 24, 2019 12:22 pm
Forum: Personal Consumer Issues
Topic: Is there a cheaper way to go to Long Island, NY?
Replies: 19
Views: 1031

Re: Is there a cheaper way to go to Long Island, NY?

Don't take verrazano bridge back, it is one way toll and hefty. I got a bit confused. Which way is the free one? I assume from NY to NJ. This is "back" for me One of life’s rules: You always pay on the bridges and tunnels to get out of New Jersey and do not pay to go into New Jersey (because who wo...
by ModifiedDuration
Thu May 23, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 22788

Re: Looks like the Stretch IRA is about to be killed

GrowthSeeker wrote:
Thu May 23, 2019 4:38 pm
Applicable to Roth also??

Per a Forbes article, yes, applicable to Roth also.
by ModifiedDuration
Thu May 23, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 22788

Re: Looks like the Stretch IRA is about to be killed

Getting in before the lock, but, yeah, this is bad news. Read the second post. It's very far from settled. Unfortunately, is not too far from being settled. Per the Wall Street Journal’s on-line story right now, the latest news is that the Senate plans on voting on the House’s already-passed Secure...
by ModifiedDuration
Thu May 23, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 22788

Re: Looks like the Stretch IRA is about to be killed

Getting in before the lock, but, yeah, this is bad news.
by ModifiedDuration
Fri May 17, 2019 1:42 pm
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6277

Re: Guidance on choosing between UMich and Brown

Also note that as you make college friends, many will stay in the region after college at a state school, but friends at Brown would scatter everywhere. Given you may not stay in Michigan nor Rhode Island, this may not matter much in terms of a decision, but your friends will stick together post co...
by ModifiedDuration
Fri May 17, 2019 9:43 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6277

Re: Guidance on choosing between UMich and Brown

While this is in regard to graduate schools, based on peer assessments USNews actually has Michigan ranked much higher than Brown for Computer Science: https://www.usnews.com/best-graduate-schools/top-science-schools/computer-science-rankings Also, Brown is really a Liberal Arts school. Computer sci...
by ModifiedDuration
Fri May 17, 2019 9:18 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6277

Re: Guidance on choosing between UMich and Brown

Either way is a win. Here you can see that Michigan computer science majors have a median starting salarying of $100,000: http://career.engin.umich.edu/wp-content/uploads/sites/30/2019/04/annualreport1718.pdf While Brown doesn’t release starting salaries, if you look at the companies that hire compu...
by ModifiedDuration
Thu May 09, 2019 7:02 am
Forum: Personal Consumer Issues
Topic: Undergrad major in Economics or Finance?
Replies: 62
Views: 4397

Re: Undergrad major in Economics or Finance?

Regarding the Penn vs Penn State thing... I remember a joke issue of the Daily Pennsylvanian that had the headline "Penn to Change its Name to Ben Franklin University". Some people actually fell for it and for a while there was chaos! :P That’s no joke and has been discussed off and on for many yea...
by ModifiedDuration
Thu May 09, 2019 6:56 am
Forum: Personal Consumer Issues
Topic: Undergrad major in Economics or Finance?
Replies: 62
Views: 4397

Re: Undergrad major in Economics or Finance?

That’s because one costs in excess of 50k a year for undergrad tuition and one costs less than 20k. With similar job prospects and pay when graduated. Embarrassing indeed for Penn grads. You believe that people who graduate from Penn have similar job prospects and pay compared to people who graduat...
by ModifiedDuration
Wed May 08, 2019 6:06 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 14060

Re: College Expenses

I see this quoted a lot "Top schools only accept 15-20% of their applicants". This is perpetuated but he school of course to show how everyone wants their top tier education. May I propose that students who are likely to apply there are also applying to 5-6 other schools? Point being they have appl...
by ModifiedDuration
Sat Apr 20, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2412

Re: Best Credit Card for College Freshman

I believe the credit CARD act of 2009 still controls the options available to an 18 year old. Student applicants under 21 are required to have co-signers, such as parents or other adults over the age of 21, who will take on joint liability for any card debts that are incurred. If young adults want ...
by ModifiedDuration
Sat Mar 30, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question—College Age Daughter
Replies: 8
Views: 718

Re: Tax Question—College Age Daughter

For tax purposes, a person is a resident of the state in which he/she is domiciled. Generally, students are residents of the state where their parents or guardians reside. In a typical situation, a student would first file a nonresident tax return for Ohio. She might or might not have Ohio income t...
by ModifiedDuration
Wed Mar 27, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Are family vacations considered a reportable gift?
Replies: 33
Views: 4307

Re: Are family vacations considered a reportable gift?

Yes, if a family vacation goes above the threshold (or a wedding), it's a gift and reportable. With that said, no taxes are due and no taxes will ever be due under current law. Your estate has to be $11 million or more (married couple) for the gift tax to come into play which will not impact the ma...
by ModifiedDuration
Wed Mar 27, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Are family vacations considered a reportable gift?
Replies: 33
Views: 4307

Re: Are family vacations considered a reportable gift?

This really gets to be a gray area. What if a father pays for a daughter's wedding? According to the internet, it depends on whether they pay the vendors directly (fulfilling a perceived cultural obligation) or handed over the money. Which takes us back to the car: in some neighborhoods there is a ...
by ModifiedDuration
Wed Mar 27, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 6219

Re: Help with law school decision

I think anyone considering applying to law school or making a decision on law school would get much better advice on the Law School Life forum than they can get here:

https://www.lawschool.life/forums/
by ModifiedDuration
Tue Mar 26, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 6219

Re: Help with law school decision

Unrelated (for the most part), but I will say that as a UVA Law alum, it is a wonderful place to spend three years of your life, I made many life long friends there, and I would move back to Charlottesville in a heartbeat if a great opportunity presented itself. It seems like everyone I hear from t...
by ModifiedDuration
Tue Mar 26, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 6219

Re: Help with law school decision

My daughter is now at a T14 Law school and having recently gone through the admissions process, she would say that, nowadays, work experience is very important in the admissions process for the T14 law schools. This is a major change from 10 years ago. As mentioned in this article, the percent of st...
by ModifiedDuration
Tue Mar 26, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 6219

Re: Help with law school decision

My daughter is currently in a Top 3 Law school (and got into 11 T14 law schools). You would probably be better off going to the Law School Life forum with your post. There are a lot of current applicants and current law students on that forum and responding to a post like yours is their forte: https...
by ModifiedDuration
Tue Mar 26, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 6219

Re: Help with law school decision

There is a big difference in job placement stats between ND and Iowa. ND has almost half the class go into Big Law (if you define Big Law as a firm with more than 100 lawyers), while Iowa has a little over 10% going into Big Law. On the flip side of that, Iowa has a much higher percentage of its cla...
by ModifiedDuration
Sun Mar 24, 2019 5:59 pm
Forum: Personal Consumer Issues
Topic: East coast road trip with young kids, any stops?
Replies: 27
Views: 1645

Re: East coast road trip with young kids, any stops?

When my kids were that age, they loved Frontier Town in Maryland:

http://westernthemepark.frontiertown.com/gallery/
by ModifiedDuration
Wed Mar 20, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Questions on RSUs and Stock Options
Replies: 17
Views: 766

Re: Questions on RSUs and Stock Options

If your company is giving you options and RSRs, there is a good chance that they also have an executive compensation deferral program. You might be able to defer some of this income, or your normal income, to some period in the future to help even out your income across the years. My company, for i...
by ModifiedDuration
Wed Mar 20, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Questions on RSUs and Stock Options
Replies: 17
Views: 766

Re: Questions on RSUs and Stock Options

Options likely won't withhold anything so definitely estimate how much extra tax you'll owe and use withholding or quarterly payments to pay that off. Is this true? Every time I've exercised options they have allowed me to select the rate at which I want to withhold and automatically take care of t...
by ModifiedDuration
Wed Mar 20, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Stock Options
Replies: 21
Views: 1885

Re: Stock Options

These are options, not stock, correct?

You are saying that the difference between the strike price of the options and the current market price of the underlying stock results in a $1.3 million gain?
by ModifiedDuration
Mon Mar 04, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Please verify portfolio needed to retire at 60
Replies: 16
Views: 1388

Re: Please verify portfolio needed to retire at 60

Mike Piper also has a website called “Open Social Security” for determining when the best time to claim social security benefits is. You might find it interesting.

https://opensocialsecurity.com
by ModifiedDuration
Sun Feb 24, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 451
Views: 67062

Re: Losing a job in your 50's...

Because of this thread, I am changing my plans for 2019. Job security is uncertain, so we are going to save as much as possible this year. It is a windfall year due to a lot of RSU's vesting, so we will save $840k this year out of $1.36M of income. Really wanted to put in a pool and buy a new X3, b...
by ModifiedDuration
Sat Feb 23, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?
Replies: 46
Views: 4429

Re: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?

Would it be worthwhile to try and get your bosses to kick in and do an Executive MBA at the University of Michigan?

https://michiganross.umich.edu/programs/executive-mba
by ModifiedDuration
Tue Feb 19, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 7987

Re: High earners: thoughts on college and aid

The one acceptable contractual ground for declining an ED offer is dissatisfaction with the financial aid award, so I think of it as something like a free option. Are you sure , this is correct ? Then there will be a lot of ED declinations. The schools know that you are sucked in and do not give an...
by ModifiedDuration
Mon Feb 18, 2019 2:03 pm
Forum: Personal Investments
Topic: Tax efficient strategies for incentive stock option windfall
Replies: 7
Views: 657

Re: Tax efficient strategies for incentive stock option windfall

I would not call 1/4 vesting after one year and then 1/48th each month for the next 48 months common. Never seen or heard of such a vesting schedule. I can tell you the Board of my former employer would have never approved of such a scheme. Point of options is not to have people focused on them 12 ...
by ModifiedDuration
Mon Feb 11, 2019 11:45 am
Forum: Personal Investments
Topic: Is this just too simple
Replies: 41
Views: 6628

Re: Is this just too simple

I hold the Chartered Financial Analyst designation and my first thought is that, especially in view of your net worth, you and your wife need to develop a Personal Investment Policy Statement, in order for the two of you to agree on and to clearly define your goals and objectives; what your return a...
by ModifiedDuration
Fri Feb 01, 2019 8:38 pm
Forum: Investing - Theory, News & General
Topic: Will there be a slide in quality now that Mr. Bogle has died?
Replies: 17
Views: 2129

Re: Will there be a slide in quality now that Mr. Bogle has died?

Mr. Bogle’s hand has not been near the tiller at Vanguard for a long, long, time.
by ModifiedDuration
Fri Feb 01, 2019 5:13 pm
Forum: Personal Consumer Issues
Topic: Free Southwest Companion Pass for 2019
Replies: 63
Views: 6481

Re: Free Southwest Companion Pass for 2019

The free companion pass is for every flight you take in 2019, not just a voucher for one flight. It could be a free trip (except for government taxes) for your companion for dozens of flights in 2019. The getting 110,000 miles is to get a free companion pass for next year - 2020. Again, your compani...
by ModifiedDuration
Sun Jan 27, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy For Student Loans
Replies: 48
Views: 3626

Re: Strategy For Student Loans

Sorry, I was going to suggest refinancing, but just moticed that you stated that you cannot refinance.
by ModifiedDuration
Fri Jan 18, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Any MD pursued a CFA? Thoughts?
Replies: 27
Views: 3011

Re: Any MD pursued a CFA? Thoughts?

I am a CFA charterholder, have an MBA, and used to grade the CFA exam. A few factual points: You need at least 48 months of experience in the investment decision-making process to obtain the CFA designation: https://www.cfainstitute.org/programs/cfa/charter https://www.cfainstitute.org/en/membership...
by ModifiedDuration
Wed Jan 16, 2019 9:14 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 58922

Re: John Bogle is dead at 89

Millions and millions of people are living better lives because of you, Jack.

Thank you.
by ModifiedDuration
Fri Jan 11, 2019 11:39 am
Forum: Personal Investments
Topic: 529 Rollover/out Question
Replies: 4
Views: 231

Re: 529 Rollover/out Question

The Private College 529 Plan is not run by a state (there’s always an exception to the rule):

https://www.privatecollege529.com/OFI52 ... etails.jsp