Search found 74 matches

by VoiceOfReason
Fri Jul 10, 2020 7:35 am
Forum: Personal Finance (Not Investing)
Topic: ISO career advice: Dramatically increasing income but moving from lower COL area to Stamford CT
Replies: 18
Views: 1387

Re: ISO career advice: Dramatically increasing income but moving from lower COL area to Stamford CT

This decision to me is much more about what kind of life do you want than does it make financial sense. Do you want to pursue your career and make mega $? How much value do you place on being close to both your parents and in laws? That is a classic dilemma and only you can decide. From a financial ...
by VoiceOfReason
Thu Jul 09, 2020 7:55 am
Forum: Personal Finance (Not Investing)
Topic: How do I fix my mistake/blunder with recruiter/offer
Replies: 33
Views: 2805

Re: How do I fix my mistake/blunder with recruiter/offer

Recruiters have seen and heard it all. This is nothing, especially if they reached out to you. Just clarify your current compensation and that you want to confirm this aligns with the range for the position. If they called you, I would not tell them exactly what it will take to get you to move. Clar...
by VoiceOfReason
Tue Jul 07, 2020 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: New Grad's Budget
Replies: 22
Views: 1028

Re: New Grad's Budget

You are doing great and way ahead of 95% of your peers. If you were 30 I’d be saying something very different. At this stage in life you can’t over think things. You are headed on the right path if you execute your budget. Just make sure you do the HSA and 401k/Roth’s IRA as described or more. And k...
by VoiceOfReason
Sat Jul 04, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10059

Re: Manager vs. Direct report salary issues

Wow, not sure if this is an industry thing, but common sense says a manager makes more than direct reports. That is true across the vast majority of businesses. So this concern from OP is natural. VoiceOfReason, 1) This observation does not apply in the high tech industry. 2) It is not true in sale...
by VoiceOfReason
Sat Jul 04, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10059

Re: Manager vs. Direct report salary issues

I see a lot of talk about tech, defense, and other highly skilled and specialized roles. Look at most industries: - Manufacturing plants - grocery stores - retail stores - law firms - normal departments of any mega Corp (HR, Legal, payroll, finance, customer service, etc) - Landscape companies, cons...
by VoiceOfReason
Sat Jul 04, 2020 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10059

Re: Manager vs. Direct report salary issues

Wow, not sure if this is an industry thing, but common sense says a manager makes more than direct reports. That is true across the vast majority of businesses. So this concern from OP is natural. In medical sales where compensation is tied to base salary and commission plans, base salary is higher ...
by VoiceOfReason
Fri Jul 03, 2020 4:53 am
Forum: Personal Finance (Not Investing)
Topic: Rookie question on Brokerage account Taxes .
Replies: 4
Views: 519

Re: Rookie question on Brokerage account Taxes .

A gain isn’t a gain and a loss isn’t a loss until you sell.

Taxes treat it the same way.

Also, the tax rate you pay on the capital gains when you do sell is different based on how long you held the stock and the tax bracket you are in.
by VoiceOfReason
Wed Jul 01, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity Check: Career Gap Year
Replies: 40
Views: 2465

Re: Sanity Check: Career Gap Year

If deciding to take the gap year, might as well try to negotiate a leave of absence with the firm so that it's an option to return, if only for a short time and even if you have no intention of actually coming back. I left this out of my original post, but I would technically be taking a "leave of ...
by VoiceOfReason
Wed Jul 01, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Sanity Check: Career Gap Year
Replies: 40
Views: 2465

Re: Sanity Check: Career Gap Year

Speaking as someone that watched their wife go through the exact same scenario...I will say you need to do some real soul searching. Do you want to be partner or pursue your legal career in a private law firm? (Leaving your job voluntarily for a year off, at this stage in your career, will significa...
by VoiceOfReason
Tue Jun 30, 2020 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: New Job Offer
Replies: 19
Views: 1717

Re: New Job Offer

Hello Boggleheads. I was recently given a job offer that will raise my salary and peaks my interest. There are three sticking points that concern me that I would like to get feedback on. 1. Their average salary increases are around 3%. Though this year they have not given the increase yet due to co...
by VoiceOfReason
Wed Jun 24, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Merit increase: lump sum bonus vs additional PTO?
Replies: 22
Views: 1163

Re: Merit increase: lump sum bonus vs additional PTO?

What’s amazing to me is that for a group of people rushing to FIRE and have freedom/time to do what they want, when given a choice between more days off or $ how many choose $. Every company and position has a different culture with PTO. In my world of leading a sales team, it’s really hard to ever ...
by VoiceOfReason
Mon Jun 22, 2020 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Line of credit secured by brokerage account
Replies: 18
Views: 650

Re: Line of credit secured by brokerage account

At first I was very skeptical but the rates are very competitive. About the same rate of a 30 year fixed mortgage. Can you be more specific, what are the rates? 4.0% for a line of credit up to $500k. If you qualify fir $1mm it was 2.9%. And trended down from there the more $ you have in the account...
by VoiceOfReason
Mon Jun 22, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Line of credit secured by brokerage account
Replies: 18
Views: 650

Re: Line of credit secured by brokerage account

I am curious about this too, particularly how this will show on a credit report and how it will impact a credit score. One downside off the bat is if the value of your account holdings drops below a threshold, you'll be forced to pay down the line much like you would with a margin call. I'd also as...
by VoiceOfReason
Mon Jun 22, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Line of credit secured by brokerage account
Replies: 18
Views: 650

Line of credit secured by brokerage account

My broker has reviewed with me a line of credit secured by my brokerage account. No credit check, no costs to have it setup. You get to borrow up to a certain % of the value of you taxable brokerage account to use for anything except securities trades. They say people use this all the time for short...
by VoiceOfReason
Mon Jun 22, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Do [we] need life insurance?
Replies: 28
Views: 2229

Re: Do [we] need life insurance?

I’m similar age and situation. For me I saw life insurance as a security mechanism to ensure my wife and I provide our surviving family the means to get to the next stage of life. In other words successfully support kids to adulthood and spouse to retirement. This looks different to everyone. I thin...
by VoiceOfReason
Mon Apr 03, 2017 6:38 am
Forum: Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 6073

Re: Annuities the answer for correctly timing transition to retirement?

In 25 years prices of annuities will have changed, everything else will have changed too. You may be getting 10% interest from an ally savings account for all you know. But more importantly you expect to have $6m for retirement with $2m in easily accessible funds. You'll be sensible with a nice mix...
by VoiceOfReason
Mon Apr 03, 2017 6:32 am
Forum: Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 6073

Re: Annuities the answer for correctly timing transition to retirement?

VoiceOfReason, since you are forecasting way into the future, what would your initial withdrawal rate (%) be on 6MM? Our usual recommendation in dealing with a potential bad sequence of events (market crash right before or right after retirement) is simply to reduce equity exposure when coming in f...
by VoiceOfReason
Mon Apr 03, 2017 6:27 am
Forum: Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 6073

Re: Annuities the answer for correctly timing transition to retirement?

My idea is to use an annuity for guaranteed income for 5 years starting at age 60 taking me to age 65. According to "immediate annuity calculator" I could invest 383k at age 55 and get 100k of income per year for 5 years starting at age 60. I went to immediate annuities and set my intent to purchas...
by VoiceOfReason
Sun Apr 02, 2017 2:58 pm
Forum: Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 6073

Re: Annuities the answer for correctly timing transition to retirement?

I know that generally speaking annuities are not well thought of on this board. Voice Of Reason: I'm not sure this statement is correct. It is true that most annuities are poor investments. However, most authorities agree that a low-cost Single Premium Life Income Annuity can be an excellent invest...
by VoiceOfReason
Sun Apr 02, 2017 2:43 pm
Forum: Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 6073

Re: Annuities the answer for correctly timing transition to retirement?

Additionally this is not a question of take money now and do an annuity or equities. It's at Agee 55 when 383k is a small portion of portfolio.
by VoiceOfReason
Sun Apr 02, 2017 2:42 pm
Forum: Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 6073

Re: Annuities the answer for correctly timing transition to retirement?

We need a lot more info. Where is the 383k coming from at age 55? Is $383k all you will have to invest at age 55? How do you know you will need $100k in income from age 60-65? What will you do at age 65 when the $100k ends? You have many years to go before you start worrying about a term certain an...
by VoiceOfReason
Sun Apr 02, 2017 1:44 pm
Forum: Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 6073

Annuities the answer for correctly timing transition to retirement?

I know that generally speaking annuities are not well thought of on this board. However, I'm curious if the following strategy has been considered and would welcome feedback. I'm in my 30's with a goal of retiring at some point before 65. Ideally it would be closer to 55, realistically I expect it t...
by VoiceOfReason
Sat Mar 11, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Paying back a 401K loan in full
Replies: 4
Views: 2574

Re: Paying back a 401K loan in full

I'm not sure about the logistics of paying off loans like this. If I recall there is always some challenges related to quoting payoff amounts, check receipt date and Funds being applied date. Perhaps I'm naive but I think these are largely logistical issues not necessarily I'll intentioned. Regardle...
by VoiceOfReason
Thu Mar 09, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Clawback of sales commissions earned
Replies: 42
Views: 6505

Re: Clawback of sales commissions earned

I'm in medical sales with a commission plan. Every company is different, but my experience has been that comp plans are for the fiscal year. They expire and there is almost always an interim period where you do not have a company plan but are still selling in your assigned area. I will say that my f...
by VoiceOfReason
Mon Jan 16, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Very confused with W4 Allowances
Replies: 33
Views: 4889

Re: Very confused with W4 Allowances

Relax. To some extent what one puts on a W-4 has little relationship to the taxes that one will owe, so it hardly matters what one puts. The standard way: 1. Put something like 4 allowances on W-4 Line 5. Forget about all the A-H lines above. That's what we do. 2. Check your withholding from a typi...
by VoiceOfReason
Mon Dec 19, 2016 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Giving two weeks notice around the holidays
Replies: 58
Views: 11474

Re: Giving two weeks notice around the holidays

As mentioned earlier, megacorp will escort you out the door right after you answer the question "where are you going" honestly. I've yet to see a mega Corp not pay out those last two weeks, regardless of circumstances for 2 main reasons: - First, you are stating a willful last date of employment 2 w...
by VoiceOfReason
Mon Dec 19, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Expertise Help
Replies: 17
Views: 1956

Re: Personal Finance Expertise Help

Cruise wrote:
VoiceOfReason wrote: 2 - you should not have a car loan. You are in your 30's making good money. No reason to ever have a car loan again in your life.
The OP has a loan at 1% APR. It is a really good bet to take out a loan at this rate and invest in the market.
Didn't notice the rate. You make a good point.
by VoiceOfReason
Mon Dec 19, 2016 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Expertise Help
Replies: 17
Views: 1956

Re: Personal Finance Expertise Help

Here are my thoughts: Not clear if 25k/mo is pretax dollars. It's all kind of mixed together. 1 - You are not taking advantage of tax advantages accounts to the degree that you can. Your wife's 401k should be 18k, not 9k. If the SEP ira is bc it's your business, you should be contributing more for y...
by VoiceOfReason
Sat Dec 17, 2016 11:04 am
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 7102

Re: 20% Match on 401k.. sorta.

how do I put this nicely?... Stop complaining about something that's benefitting you. I could not disagree more. Just accepting and not putting a critical analysis lense to the 401k plan or any benefit is exactly what employers want. It's the same as someone that just accepts poor service from a bu...
by VoiceOfReason
Sun Dec 11, 2016 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 17
Views: 2246

Re: Disability Insurance

Buy as much as you can without a physical through your employee.

DI insurance is wildly expensive if bought independently.
by VoiceOfReason
Sun Dec 04, 2016 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 7102

Re: 20% Match on 401k.. sorta.

This program is a win for the 401k administrator, a win for the company and a loser for the employee. 401k wins bc it encourages a larger contribution by the employee to get full benefit, thus larger $ being managed. This is not a loser for the employees. The employees are receiving a matching cont...
by VoiceOfReason
Sat Dec 03, 2016 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 7102

Re: 20% Match on 401k.. sorta.

This program is a win for the 401k administrator, a win for the company and a loser for the employee. 401k wins bc it encourages a larger contribution by the employee to get full benefit, thus larger $ being managed. Company completely standardized across all employees their potential payment as has...
by VoiceOfReason
Fri Dec 02, 2016 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help! How are we doing?
Replies: 15
Views: 1787

Re: Help! How are we doing?

You're normal by general public standards, not boglehead / financial independent minded people standards. If you're happy with your position, who's to judge. But you came here for advice so here's what I'd suggest: 1) by your 30's, unless you are a dr/lawyer with large grad school loans, your only d...
by VoiceOfReason
Mon Nov 28, 2016 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 3614

Re: How to discuss salary offer as a manager?

4. I have no problem being honest, but don't want to appear ineffectual, like my hands are tied due to corporate bureaucracy. I want to be able to convincingly make the case that the job is worth $75k, even if Glassdoor data says it's worth $88k. To be candid, I made $75k as well when I was in this...
by VoiceOfReason
Tue Aug 23, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for Children
Replies: 32
Views: 3472

Re: Planning for Children

A year before my wife and I were planning to try for children I opened a savings account and started to have $50 deposited weekly. The purpose was to offset the costs of stuff like cribs, clothes, furniture, etc. by the time it came to buy the startup items the $ was already there. I've since contin...
by VoiceOfReason
Mon Aug 22, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Interview Follow-up
Replies: 9
Views: 1402

Re: Interview Follow-up

Last is usually better when presenting for interviews, sales, anything. People forget and remember best what they last saw. Obviously you want to be in somewhat regular contact with the hiring manager. At least once a month until a decision is made. I would suggest asking him for one or two peer lev...
by VoiceOfReason
Sun Aug 21, 2016 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Career Counseling for Teens
Replies: 34
Views: 3415

Re: Career Counseling for Teens

its pretty easy to poke holes in utilizing any single factor to base a lifelong decision. Should you automatically dismiss any date that sneezes twice? Should you choose a college based on a single obscure statistic? Should you choose a house based on a single piece of criteria? Of course not. What ...
by VoiceOfReason
Sat Aug 20, 2016 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Career Counseling for Teens
Replies: 34
Views: 3415

Re: Career Counseling for Teens

2nd only to financial education, I think career advice is the biggest gap in our education system. I also believe, as a father, that providing a comprehensive exposure and guidance on career options is a top responsibility in my view. My kids are both very young but I've considered some things that ...
by VoiceOfReason
Tue Aug 16, 2016 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Deciding Which Debt to Make a $17,000 Payment
Replies: 26
Views: 2822

Re: Need Help Deciding Which Debt to Make a $17,000 Payment

Pay just enough on the mortgage to make PMI go away. No more.

The rest should go towards your student loan.

Snowball the $277 PMI savingd towards the student loan.
by VoiceOfReason
Mon Aug 15, 2016 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 11175

Re: Joint Accounts - How do you use it?

I have a similar system. But we use credit cards so we have a main checking/disbursement account with the remaining all being savings accounts. Once the paychecks hit the checking the money is disbursed to all the savings accounts and investment accounts. She gets $300 a month and I get $200. At th...
by VoiceOfReason
Sat Aug 13, 2016 1:40 pm
Forum: Personal Consumer Issues
Topic: Building a Pool
Replies: 64
Views: 9282

Re: Building a Pool

I put a pool in 2 years ago in a house I just built. I was very hesitant at first about doing it. My wife and I had rented for 7 years on a lake and were buying this house because the first kid was on the way. So having water based entertainment in the backyard was always part of our life. The cost ...
by VoiceOfReason
Thu Aug 11, 2016 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Interest Deduction, Is it worth it?
Replies: 14
Views: 1412

Re: Student Loan Interest Deduction, Is it worth it?

People confuse use this same line of thinking more often with mortgages.

I would love to be on the other side of this deal. You pay me $1 and I'll give you a quarter.
by VoiceOfReason
Wed Aug 10, 2016 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: okay to leave deposit on vehicle?
Replies: 30
Views: 3208

Re: okay to leave deposit on vehicle?

Do not leave a deposit unless the car is so rare that it's irreplaceable. The moment you give any $ to the dealer you've lost the most powerful tool at your disposal: walking away. The dealer will have all the leverage. People that negotiate terms of sales for a living try to make you emotional. Don...
by VoiceOfReason
Tue Aug 09, 2016 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance for 31 year-old
Replies: 20
Views: 2441

Re: Life insurance for 31 year-old

If they can afford to do so without adversely affecting their current standard of living, If this is the standard for financial decisions or estate planning then A LOT of unnecessary things can very easily be justified. With that line of thinking the difference between a $1mm policy and a $5mm poli...
by VoiceOfReason
Tue Aug 09, 2016 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance for 31 year-old
Replies: 20
Views: 2441

Re: Life insurance for 31 year-old

I question the need for a couple with no kids to have life insurance. Your wife makes about the median US income and on,y 70k less than you. She'd also have a head start with assets. Additionally, have you discussed whether she'd remarry if you died? That would significantly impact her need for a la...
by VoiceOfReason
Fri Aug 05, 2016 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare career advice – Admin or NP?
Replies: 16
Views: 2183

Re: Healthcare career advice – Admin or NP?

Others have addressed the core issue of which will make you happy. I will say that from what I've seen in the industry, you will have more opportunities for advancement and higher earning potential by going the administration route. If you want to become a high earning leader with options, that is t...
by VoiceOfReason
Fri Jul 29, 2016 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our beach house?
Replies: 11
Views: 2679

Re: Should we sell our beach house?

This is one of those very personal decisions in life. You are essentially breaking even on the property. You are covering costs, building equity and getting quality use of the place many times a year. I personally am against vacation homes, having watch my parents own a couple as I grew up. My view ...
by VoiceOfReason
Fri Jul 29, 2016 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Young Professional seeking advice
Replies: 6
Views: 1158

Re: Young Professional seeking advice

Get the 401k match
Max a Roth
Additional funds to either 401k or tIRA or build more regularly accessible funds account.

Then figure out a way to make more $
by VoiceOfReason
Sun Jul 24, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 3234

Re: Seeking wisdom on a career crossroad

I generally don't assume that anyone but me is looking out for my career. :wink: But that doesn't negate the fact that I think my manager is trustworthy - within his sphere of control. It is the higher ups who make the strategic decisions to chop employees without any consideration for performance ...
by VoiceOfReason
Sun Jul 24, 2016 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 3234

Re: Seeking wisdom on a career crossroad

I have seen many people say the work environment at Company A is toxic. But at the same time, you wonder if these are people who simply didn't want to produce at a high level or just couldn't cut it. I have seen many top producers leave which gives me pause as well. It just seems like management at...