Search found 13289 matches

by KlangFool
Sat Sep 21, 2019 1:33 pm
Forum: Personal Investments
Topic: Coming to the realization that Traditional is probably wiser
Replies: 13
Views: 1121

Re: Coming to the realization that Traditional is probably wiser

OP,

You are paying 28.8% taxes to contribute to Roth 403B and Roth IRAs. And, paying 5+% interest on your student loan at the same time. The difference is 30+%. Why do that?

You could contribute to Trad. 403B and use the tax savings to pay the student loan instead.

KlangFool
by KlangFool
Fri Sep 20, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 98
Views: 6113

Re: IT compensation comparison

The long hours trope is not true. In some places? Yes. In all of these companies? Not remotely. I work for one of these companies and in four years have never worked more than 40 hours a week. HawkeyePierce, Do you work for one of those companies in Colorado or the Bay Area? KlangFool Colorado. Haw...
by KlangFool
Fri Sep 20, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 98
Views: 6113

Re: IT compensation comparison

Folks, It is very simple. If you believe that you are underpaid and you qualify for one of those 250+K jobs in the Bay Area, just go ahead and apply. If and when you receive an offer, then, you can decide whether you take up the offer. What is there to discuss? You could only know your real market v...
by KlangFool
Fri Sep 20, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 98
Views: 6113

Re: IT compensation comparison

HawkeyePierce wrote:
Fri Sep 20, 2019 4:54 pm
The long hours trope is not true. In some places? Yes. In all of these companies? Not remotely.

I work for one of these companies and in four years have never worked more than 40 hours a week.
HawkeyePierce,

Do you work for one of those companies in Colorado or the Bay Area?

KlangFool
by KlangFool
Fri Sep 20, 2019 3:41 pm
Forum: Personal Consumer Issues
Topic: Credit card dispute - what are best practices?
Replies: 25
Views: 1392

Re: Credit card dispute - what are best practices?

There are a few magazines I wouldn't mind having a subscription to, but they only offer the auto renewal at the end of your current subscription. Which basically means they double the rate. So I don't subscribe. Brianmcg321, You could update your account with a bad credit card number before the ren...
by KlangFool
Fri Sep 20, 2019 1:15 pm
Forum: Personal Investments
Topic: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With
Replies: 34
Views: 2814

Re: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With

OP, Pick a target retirement fund in your Roth IRA, 401K, and the taxable account. A) Your portfolio size is probably small enough that tax efficiency does not matter. B) Your portfolio is probably too small to spend the additional effort to slice and dice into multiple funds. C) Your current portfo...
by KlangFool
Fri Sep 20, 2019 8:03 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 99
Views: 4329

Re: How hard is it to get into college?

She hasn't done much for numbers 3 or 4 Klang. Currently, no one will even hire her for an after school job and she's even limited on volunteering due to her age. But things should open up more for her when she turns 16 and can drive. I never thought of an internship in high school. I always associ...
by KlangFool
Fri Sep 20, 2019 7:48 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 99
Views: 4329

Re: How hard is it really to get into college?

OP, 1) It is not hard to get into college if you are not selective about where to go. 2) It is harder to graduate from college when many students drop out of college and never graduated. 3) It is even harder to find a job after you graduated. 4) Staying employed for a long period is even harder. In ...
by KlangFool
Thu Sep 19, 2019 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 98
Views: 6113

Re: IT compensation comparison

Thanks all! These are the kind of responses I was looking for (Klangfool , please read :-) ) . Makes sense when the distinction is made between highly qualified software engineers creating new applications and even new technologies from scratch VS somebody maintaining an existing application or sys...
by KlangFool
Thu Sep 19, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 98
Views: 6113

Re: IT compensation comparison

Thanks all! These are the kind of responses I was looking for (Klangfool , please read :-) ) . Makes sense when the distinction is made between highly qualified software engineers creating new applications and even new technologies from scratch VS somebody maintaining an existing application or sys...
by KlangFool
Thu Sep 19, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 98
Views: 6113

Re: IT compensation comparison

Thanks all! These are the kind of responses I was looking for (Klangfool , please read :-) ) . Makes sense when the distinction is made between highly qualified software engineers creating new applications and even new technologies from scratch VS somebody maintaining an existing application or sys...
by KlangFool
Thu Sep 19, 2019 12:53 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 154
Views: 6547

Re: How to handle "split-the-bill" group lunches?

What? Do you mean you never come across folks like that? KlangFool I don't follow your statement. If you're asking about people shorting the amount owed, no I don't. If someone is short it would be obvious and I'd tell them to pay up. What if A) They ignore you. B) Claimed that you earned more and ...
by KlangFool
Thu Sep 19, 2019 12:48 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 154
Views: 6547

Re: How to handle "split-the-bill" group lunches?

Venmo. Once person puts the bill on their credit card. Everyone else Venmos that person for what they ate + their share of the birthday girl's meal. Then, you have one person Venmo less money to the person that pays the bill on his/her credit card. KlangFool What? Do you mean you never come across ...
by KlangFool
Thu Sep 19, 2019 12:33 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 154
Views: 6547

Re: How to handle "split-the-bill" group lunches?

Venmo. Once person puts the bill on their credit card. Everyone else Venmos that person for what they ate + their share of the birthday girl's meal. Then, you have one person Venmo less money to the person that pays the bill on his/her credit card. KlangFool What? Do you mean you never come across ...
by KlangFool
Thu Sep 19, 2019 12:32 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 154
Views: 6547

Re: How to handle "split-the-bill" group lunches?

Goal33 wrote:
Thu Sep 19, 2019 12:27 pm
KlangFool wrote:
Thu Sep 19, 2019 12:23 pm
OP,

I am a non-drinker. And, it is a sin in my religion to pay for alcohol. So, could we split the alcohol out of the bill?

KlangFool
Is it only a sin to pay for it, or also to drink it? :wink:
Both. Just to cover all bases.:-)

KlangFool
by KlangFool
Thu Sep 19, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 154
Views: 6547

Re: How to handle "split-the-bill" group lunches?

magicrat wrote:
Thu Sep 19, 2019 12:22 pm
Venmo. Once person puts the bill on their credit card. Everyone else Venmos that person for what they ate + their share of the birthday girl's meal.
Then, you have one person Venmo less money to the person that pays the bill on his/her credit card.

KlangFool
by KlangFool
Thu Sep 19, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 154
Views: 6547

Re: How to handle "split-the-bill" group lunches?

OP,

I am a non-drinker. And, it is a sin in my religion to pay for alcohol. So, could we split the alcohol out of the bill?

KlangFool
by KlangFool
Thu Sep 19, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Plan for 2 Incomes to 1 and Mortgage Payoff
Replies: 15
Views: 1056

Re: Plan for 2 Incomes to 1 and Mortgage Payoff

Our current annual expenses are about 125k. Below is our current financial picture. Debt Mortgage (29.5 years left) at 4.125% – 450k nitrocore24, Your annual expense is 125K. Your mortgage is a very small portion of the overall expense. So, how does paying off the mortgage really helps you? In fact...
by KlangFool
Thu Sep 19, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 98
Views: 6113

Re: IT compensation comparison

I agree that comparison is the thief of joy, but on the other hand everything in the world is relative. You have to care what others are being paid, otherwise you will be left behind in purchasing power. Nobody gives you what you are due out of the goodness of their hearts, unless you are aware and...
by KlangFool
Thu Sep 19, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 98
Views: 6113

Re: IT compensation comparison

https://insights.dice.com/2019/09/16/microsoft-software-engineers-reveal-salaries/ The link above gives an idea of the average compensation of a typical microsoft employee with 3 years of tenure. It shows total compensation of around 180K including stock and bonuses but not including benefits. Is t...
by KlangFool
Thu Sep 19, 2019 9:24 am
Forum: Personal Investments
Topic: Traditional 401K, Roth 401K, or Both
Replies: 17
Views: 952

Re: Traditional 401K, Roth 401K, or Both

OP, Contribute the maximum that you can afford to Trad. 401K. Put the tax savings into Roth IRA. Roth 401K is a bad idea. Roth 401K is not Roth IRA. Klangfool Just curious why Roth 401k is a bad idea, can you elaborate? latte1230, Why would you contribute to Roth 401K instead of Roth IRA? Please an...
by KlangFool
Thu Sep 19, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

A quick google gives 7.5% which is inline what I have seen for other pension plans. Call it 5% real or your money doubling every 14 years or so. In general if the pension is short, the employer needs to make up the difference. In a lot of states, that means the taxpayer is on the hook. I remember r...
by KlangFool
Thu Sep 19, 2019 8:04 am
Forum: Non-US Investing
Topic: What to Recommend to Interested Friends
Replies: 20
Views: 971

Re: What to Recommend to Interested Friends

OP,

I usually responded to that question with another question.

Do you know how much taxes you could save by contributing to Trad. 401K?

KlangFool
by KlangFool
Thu Sep 19, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Do you know what is the assumed annual investment return rate they use to arrive at the funding ratios? Roughly speaking, they expect every $26 (employee and employer contributions) to grow to $100 (inflation-adjusted) for pension benefit. A quick google gives 7.5% which is inline what I have seen ...
by KlangFool
Thu Sep 19, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Do you know what is the assumed annual investment return rate they use to arrive at the funding ratios? Roughly speaking, they expect every $26 (employee and employer contributions) to grow to $100 (inflation-adjusted) for pension benefit. A quick google gives 7.5% which is inline what I have seen ...
by KlangFool
Thu Sep 19, 2019 7:55 am
Forum: Non-US Investing
Topic: What to Recommend to Interested Friends
Replies: 20
Views: 971

Re: What to Recommend to Interested Friends

I have had many friends ask me about investing, their eyes then glaze over within 10 seconds of me excitedly describing indexes, low expense ratio funds, and asset allocation. What do I recommend to all those who ask for investment advice? Slowtraveler, 1) Explain to them how they could save a lot ...
by KlangFool
Thu Sep 19, 2019 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Do you know what is the assumed annual investment return rate they use to arrive at the funding ratios? Roughly speaking, they expect every $26 (employee and employer contributions) to grow to $100 (inflation-adjusted) for pension benefit. A quick google gives 7.5% which is inline what I have seen ...
by KlangFool
Wed Sep 18, 2019 9:44 pm
Forum: Personal Investments
Topic: Traditional 401K, Roth 401K, or Both
Replies: 17
Views: 952

Re: Traditional 401K, Roth 401K, or Both

OP,

Contribute the maximum that you can afford to Trad. 401K. Put the tax savings into Roth IRA. Roth 401K is a bad idea.

Roth 401K is not Roth IRA.

Klangfool
by KlangFool
Wed Sep 18, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

We could be faced with a situation at some point where we're essentially converting from Roth to traditional in order to keep the premium tax credit. A Roth-to-traditional conversion may seem backwards to some but life can be weird sometimes. Ron, very impressed by this thread and I very much appre...
by KlangFool
Wed Sep 18, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Ultimately, it doesn't seem like your ability to pull this off is due to anything other than (1) a very stable high income job that also allows your family to reduce childcare expenses to zero, (2) excellent housing appreciation, and (3) your access to and full participation in certain tax-advantag...
by KlangFool
Wed Sep 18, 2019 8:46 am
Forum: Investing - Theory, News & General
Topic: Is the 60/40 portfolio allocation strategy being killed?
Replies: 116
Views: 9938

Re: Is the 60/40 portfolio allocation strategy being killed?

Sorry. I wasn't aware you were the spokesman for the "We." That said, I can't say that I disagree with your criticism -- I do tend to perseverate on things. We can all do better... CULater, I disagreed. I am not an optimizer in term of personal finance. I have a working strategy. So, I do not waste...
by KlangFool
Wed Sep 18, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I, too, wish I had a magic wand and could make changes to the tax code and many other things in the world. The world certainly can seem "lob-sided" at times. People have different amounts of tax-deferred space available and that's the reality of it. For instance, so many people get to defer up to $...
by KlangFool
Wed Sep 18, 2019 7:12 am
Forum: Personal Investments
Topic: Laid off at 62; need to move some money to cash from retirement account
Replies: 21
Views: 4399

Re: Laid off at 62; need to move some money to cash from retirement account

I note you said "Going from bi-monthly pay checks/decent benefits to basically zero has been 'interesting'." That tells me you are not working and this was very unexpected. And you mention potetnial back door ROTHs which muddies the water as you need earned income. I am not trying to be a jerk...bu...
by KlangFool
Tue Sep 17, 2019 8:59 pm
Forum: Investing - Theory, News & General
Topic: Is the 60/40 portfolio allocation strategy being killed?
Replies: 116
Views: 9938

Re: Is the 60/40 portfolio allocation strategy being killed?

Asness has alluded to something along the lines of a traditional 60/40 strategy likely running into trouble in the future. Not "killed", but certainly hobbled. Stocks sometimes get high valuations. Bonds sometimes get high valuations. Seldom do they happen together (I think he said the current cond...
by KlangFool
Tue Sep 17, 2019 1:11 pm
Forum: Personal Investments
Topic: Education Savings Options vs Retirement Savings
Replies: 10
Views: 921

Re: Education Savings Options vs Retirement Savings

Perhaps the conventional wisdom would be to max out the contributions (1) before doing (2) and (3), but we hope to contribute to all 3 to help us sleep at night. What is your take? NeurNto, How does paying 20+% taxes so that you can contribute to the 529 plan helps you sleep at night? 529 is an aft...
by KlangFool
Tue Sep 17, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating Salary out of College
Replies: 36
Views: 2081

Re: Negotiating Salary out of College

OP,

As far as I can tell, it is a reasonable starting salary for a fresh ME graduate with minimal experience.

KlangFool
by KlangFool
Tue Sep 17, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: What do you think about Dan Wiener
Replies: 76
Views: 4753

Re: What do you think about Dan Wiener

lepa71 wrote:
Tue Sep 17, 2019 10:47 am
This is NOT meant to be an ad.
I disagreed. It is an ad.

KlangFool
by KlangFool
Tue Sep 17, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I have been wondering about oversaving? ( Does that concept exist on this site? ) I understand why the OP would contribute 50% of his income towards savings in order to get subsidies on his health care premiums. But I don't understand why you shielding yourself from paying taxes on $25000 worth of ...
by KlangFool
Tue Sep 17, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Folks, Life is about choices. A) Complain about how unfair the system is and pray that the system may change in your favor. B) Learn how to use the system as it is. Instead of becoming the victim of the system, use the system to help you instead. Which approach will be more productive and effective?...
by KlangFool
Mon Sep 16, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I, too, wish I had a magic wand and could make changes to the tax code and many other things in the world. The world certainly can seem "lob-sided" at times. People have different amounts of tax-deferred space available and that's the reality of it. For instance, so many people get to defer up to $...
by KlangFool
Mon Sep 16, 2019 9:43 pm
Forum: Personal Investments
Topic: Looking for a More Tax-Efficient Intl Index Fund than Vanguard Total International (VTIAX)?
Replies: 28
Views: 2261

Re: Looking for a More Tax-Efficient Intl Index Fund than Vanguard Total International (VTIAX)?

The VG Total Intl Stock fund (VTIAX) has a pretty sizable chunk of non-qualified dividends (~25%) that get taxed at one’s marginal tax rate (when held in a taxable investment account). Compare this with the ~100% Qualified Dividend of the VG Total US Stock fund (VTSAX). CoastalWinds, VTIAX's divide...
by KlangFool
Mon Sep 16, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

It's a real stretch on your part to assume that the average Joe in California or elsewhere has access to Restricted Stock Units, Employee Stock Purchase Plans, annual bonuses, 401K matches and additional Social Security credits. What is your source for believing that this the case for the average m...
by KlangFool
Mon Sep 16, 2019 2:11 pm
Forum: Investing - Theory, News & General
Topic: Is the 60/40 portfolio allocation strategy being killed?
Replies: 116
Views: 9938

Re: Is the 60/40 portfolio allocation strategy being killed?

The fallacy in all these types of analyses is that while it is true that expected returns are historically low on a 60/40 portfolio going forward, what exactly is the alternative? Yes, you can do smart beta and global, and alts to replace some bonds, but in the end lower returns on the two major as...
by KlangFool
Mon Sep 16, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: Is the 60/40 portfolio allocation strategy being killed?
Replies: 116
Views: 9938

Re: Is the 60/40 portfolio allocation strategy being killed?

So "GMO" predicts US bond real returns of -1.7% over the next seven years as of 7/31/19. On that day, the TIPS yield curve showed 7 year TIPS at 0.27% real returns. That's almost a 2% deviation from known facts on arguably the safest US bond investment out there. Do these clowns think we're all jus...
by KlangFool
Mon Sep 16, 2019 1:54 pm
Forum: Personal Investments
Topic: Laid off at 62; need to move some money to cash from retirement account
Replies: 21
Views: 4399

Re: Laid off at 62; need to move some money to cash from retirement account

I would like to not touch the Roth IRA's. Gattina, Why? Unless you enjoy paying taxes, why that is a good idea? You are asking the wrong question! Take a deep breath and do this slowly. 1) You are above 59 1/2 years old. So, you can withdraw money from anywhere with paying a tax penalty. 2) The rel...
by KlangFool
Mon Sep 16, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

It's a real stretch on your part to assume that the average Joe in California or elsewhere has access to Restricted Stock Units, Employee Stock Purchase Plans, annual bonuses, 401K matches and additional Social Security credits. What is your source for believing that this the case for the average m...
by KlangFool
Mon Sep 16, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

It's a real stretch on your part to assume that the average Joe in California or elsewhere has access to Restricted Stock Units, Employee Stock Purchase Plans, annual bonuses, 401K matches and additional Social Security credits. What is your source for believing that this the case for the average m...
by KlangFool
Mon Sep 16, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

To everyone who says that the OPs situation doesn't count because XYZ, it might be worth considering why such reasoning wouldn't apply to nearly everyone on this forum, where many are outliers in terms of income, educational attainment, familial support, and luck. getthatmarshmallow, And, I do not ...
by KlangFool
Sun Sep 15, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Would you spend an extra day a week for 1 year working for a luxury
Replies: 27
Views: 2399

Re: Would you spend an extra day a week for 1 year working for a luxury

OP,

The answer is no for me. My time/life is worth more to me than any material luxury. The only luxury that is worthwhile for me if it lets me retires one or two years earlier.

KlangFool
by KlangFool
Sun Sep 15, 2019 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 470
Views: 21034

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I would call the dependency of tax on income piecewise linear. You just need to fall within the right piece. The wiki has the math: Marginal tax rate (Appendix: Marginal rates explained) Yes, linear over a small range, but highly nonlinear over a wide range. Subsidies and deductions make it even mo...