Search found 895 matches

by CppCoder
Sun Aug 18, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 70
Views: 6822

Re: Anyone retire in their 30s?

To say “just delegate” is easier said than done and is highly dependent on the quality of your direct reports. My company has been in growth mode for over a decade and the vast majority of our technical employees are directly out of school, and the boomer generation is retiring. The people that hav...
by CppCoder
Sun Aug 18, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 70
Views: 6822

Re: Anyone retire in their 30s?

To say “just delegate” is easier said than done and is highly dependent on the quality of your direct reports. My company has been in growth mode for over a decade and the vast majority of our technical employees are directly out of school, and the boomer generation is retiring. The people that hav...
by CppCoder
Sun Aug 18, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 70
Views: 6822

Re: Anyone retire in their 30s?

That last comment really resonates with my current situation. I’m just burned out and kind of “done” with any sort of corporate role, disillusioned with its rigid culture and work/life balance, and lack of meaningful incentives for exceptional performance. Most people think of their job as a game w...
by CppCoder
Fri Aug 16, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: I wanted to teach myself computer programming.
Replies: 64
Views: 4777

Re: I wanted to teach myself computer programming.

What do you really want to learn, how to hack some code together or how to really program? What is your domain: computation, data science, web programming, operating systems, basic task automation? If you just way to play, like others recommended, just learn some python. If you really want to learn...
by CppCoder
Fri Aug 16, 2019 7:35 pm
Forum: Personal Consumer Issues
Topic: Pharmacist to Data Analyst Role
Replies: 30
Views: 2400

Re: Pharmacist to Data Analyst Role

I know this area fairly well (I manage a large data science group for a mega corp and have a PhD in a related area). What is it that you are specifically trying to accomplish? Are you trying to really understand the theoretical underpinnings of the field or just hack around to get some quick and di...
by CppCoder
Thu Aug 15, 2019 9:00 pm
Forum: Personal Consumer Issues
Topic: I wanted to teach myself computer programming.
Replies: 64
Views: 4777

Re: I wanted to teach myself computer programming.

I would explicitly recommend against C++ because it intentionally makes every compromise in favor of execution speed and against comfort, safety, and easy of use. I feel I should be offended by this comment. Alas, for the OP's scenario, it is likely true... :beer Edit: I would add that those are no...
by CppCoder
Thu Aug 15, 2019 8:57 pm
Forum: Personal Consumer Issues
Topic: I wanted to teach myself computer programming.
Replies: 64
Views: 4777

Re: I wanted to teach myself computer programming.

What do you really want to learn, how to hack some code together or how to really program? What is your domain: computation, data science, web programming, operating systems, basic task automation? If you just way to play, like others recommended, just learn some python. If you really want to learn ...
by CppCoder
Thu Aug 15, 2019 8:36 pm
Forum: Personal Consumer Issues
Topic: Pharmacist to Data Analyst Role
Replies: 30
Views: 2400

Re: Pharmacist to Data Analyst Role

I know this area fairly well (I manage a large data science group for a mega corp and have a PhD in a related area). What is it that you are specifically trying to accomplish? Are you trying to really understand the theoretical underpinnings of the field or just hack around to get some quick and dir...
by CppCoder
Fri Aug 02, 2019 7:03 am
Forum: Personal Consumer Issues
Topic: luxury vehicle: what income/asset range
Replies: 75
Views: 4559

Re: luxury vehicle: what income/asset range

car buying is a hot topic. Some people don't see a vehicle as all that important as long as it gets you from point A to point B. Others actually like driving and prefer a vehicle that is higher in performance. The problem is that many by the higher priced vehicles for the status and drive around li...
by CppCoder
Wed Jul 31, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: What are the effects of the recent Feds Rate Cut?
Replies: 28
Views: 3831

Re: What are the effects of the recent Feds Rate Cut?

I haven't checked. It's not something I follow closely. Remember, the Fed sets overnight rates, and the rates most of us care about are longer-term rates, which are set by the market and only loosely linked to the Fed rate. The Fed rate went up 0.25%. If the 10-year Treasury rate also goes up 0.25%...
by CppCoder
Tue Jul 30, 2019 6:26 pm
Forum: Personal Investments
Topic: Municipal bonds
Replies: 20
Views: 1484

Re: Municipal bonds

Yes, you should buy bonds via funds. There is nothing intrinsically wrong with buying individual bonds. However, you have bought a financial instrument that you clearly do not understand; this behavior is ill advised.
by CppCoder
Sun Jul 28, 2019 10:12 am
Forum: Personal Investments
Topic: Mega Backdoor Roth: How much to expect to pay on the interest growth?
Replies: 7
Views: 439

Re: Mega Backdoor Roth: How much to expect to pay on the interest growth?

For those of you that have contributed to the Mega Backdoor Roth with your employer and do a once a year conversion, how much on average have you paid in taxes? My employer allows the mega backdoor Roth once per year. On average, I have paid $0 in taxes. My first year, I accumulated a loss from hav...
by CppCoder
Mon Jul 22, 2019 6:58 pm
Forum: Personal Consumer Issues
Topic: Lightweight, durable, laptop bag
Replies: 29
Views: 1363

Re: Lightweight, durable, laptop bag

I've gone through a lot of laptop bags. Personally, I really like the one I bought about a year or so ago by Samsonite. I think I have the xenon 2.0, but I don't remember. I bought it at Office Depot or Office Max, so you can check it out brick and mortar before purchasing something online. Here's t...
by CppCoder
Mon Jul 22, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: ETF "Tax Efficiency" Quantified
Replies: 57
Views: 3095

Re: ETF "Tax Efficiency" Quantified

I've always viewed this as one's not better than the other. Each simply has its tradeoffs. It's important to understand the pros/cons of each and then consciously choose. Personally, I prefer mutual funds, but it's just a preference. I didn't choose mutual funds because they're "better," just more c...
by CppCoder
Sat Jul 20, 2019 12:41 pm
Forum: Personal Investments
Topic: What tilt(s) have you adopted?
Replies: 28
Views: 1674

Re: What tilt(s) have you adopted?

Since I was quoted, I may as well reply. I ended up exchanging my REITs for a total market fund leaving me with a 70/30 portfolio distributed as a three fund portfolio. I really like the simplicity. My goal is not to win, it's to avoid losing. The three fund portfolio is the simplest asset allocatio...
by CppCoder
Fri Jul 19, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Scenario on Gains / Losses
Replies: 15
Views: 967

Re: Mega Backdoor Scenario on Gains / Losses

Suppose I contribute $10k in 2019 to an after-tax 401(K), intending to do a mega backdoor. Normally, I'd do the rollover into the Roth IRA and pay any taxes on the gains. But what if the market dives (let's say the $10k becomes $5k)? My 401(K) provider said they won't carry forward any losses to of...
by CppCoder
Wed Jul 17, 2019 7:08 am
Forum: Personal Investments
Topic: How to calculate Capital Gain Taxes?
Replies: 6
Views: 643

Re: How to calculate Capital Gain Taxes?

2. I have become aware that Vanguard has 2 different methods for selling funds. There is the First in First Out (FIFO) Method and there is a second method called "MIN TAX". This is some type of calculation where Vanguard will attempt to sell the funds that are of the lowest tax liability to the cus...
by CppCoder
Tue Jul 16, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 72
Views: 6221

Re: Take the cash or the free dinner?

I think they "know" livesoft, want his advice, but figure he'd charge more than $200 for consulting. They are attempting to get his advice at less than his going rate via this "scheme" they cooked up. Don't fall for it! In the words of Admiral Ackbar, "It's a trap!"
by CppCoder
Sun Jul 14, 2019 3:48 pm
Forum: Personal Investments
Topic: Is Fidelity Total US Index (FSKAX) preferable to VGs (VTSAX) in a Taxable Account?
Replies: 4
Views: 604

Re: Is Fidelity Total US Index (FSKAX) preferable to VGs (VTSAX) in a Taxable Account?

Tax efficiency of FSKAX depends on your tax bracket, and it doesn't kick off capital gains taxes every year (although it has been annually recently). I ran the calculation for tax year, I think, 2017, for FSTVX (the predecessor to FSKAX before Fidelity nixed their two tier fund structure), and the t...
by CppCoder
Sat Jul 13, 2019 7:53 am
Forum: Investing - Theory, News & General
Topic: What’s the value of a company whose capital expenditures are so high that it can’t achieve positive free cash flows?
Replies: 12
Views: 1356

Re: What’s the value of a company whose capital expenditures are so high that it can’t achieve positive free cash flows?

Remember, a company may also have intrinsic value based on assets. If you own a real estate business with one house to rent, you own the house outright, and have a month with no tenant, your monthly cash flow is negative (e.g., still paying property taxes with no rent). Is your business worthless or...
by CppCoder
Fri Jul 12, 2019 6:57 am
Forum: Personal Investments
Topic: Can I put money in Roth before I earn it?
Replies: 8
Views: 1283

Re: Can I put money in Roth before I earn it?

As others have said, yes, and make sure you've earned it by year end. Also, make sure you are not close to the income limit for direct contributions to Roth. You don't want to reach December and then discover you will exceed the income limit having already made the direct Roth IRA contribution. If y...
by CppCoder
Tue Jul 09, 2019 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to obtain contracted rates for medical procedures?
Replies: 97
Views: 3944

Re: How to obtain contracted rates for medical procedures?

I wonder if the internet can "break" this paradigm. Could one setup a website to crowd source medical payment information? Get an EOB, submit your CPT codes, provider, insurance, and negotiated rates. Do some data analytics, and presto, after months, all of this becomes public. Waze for health care...
by CppCoder
Tue Jul 09, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to obtain contracted rates for medical procedures?
Replies: 97
Views: 3944

Re: How to obtain contracted rates for medical procedures?

Maybe check the GoodRX price? In my case, since I am a "captive customer" of CVS pharmacies (since Aetna is my insurance, and they literally don't consider any other pharmacy to be "in network for me), GoodRX prices are cheaper than my "negotiated price" for prescriptions in every instance I've che...
by CppCoder
Tue Jul 09, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to obtain contracted rates for medical procedures?
Replies: 97
Views: 3944

Re: How to obtain contracted rates for medical procedures?

I wonder if the internet can "break" this paradigm. Could one setup a website to crowd source medical payment information? Get an EOB, submit your CPT codes, provider, insurance, and negotiated rates. Do some data analytics, and presto, after months, all of this becomes public. Waze for health care ...
by CppCoder
Mon Jul 08, 2019 8:00 pm
Forum: Personal Consumer Issues
Topic: (Tall) Buyer Beware: Honda Accord.
Replies: 69
Views: 5601

Re: (Tall) Buyer Beware: Honda Accord.

That's the saving grace. I pressed hard on the deal and my loss isn't nearly as bad as I expected. I'm going back to a Crossover. Probably a Tucson or used CR-V. We've owned a civic, accord, CR-V, and Odyssey. If the accord is too small, I wouldn't recommend the CR-V. The pilot would probably work ...
by CppCoder
Mon Jul 08, 2019 6:54 pm
Forum: Personal Consumer Issues
Topic: (Tall) Buyer Beware: Honda Accord.
Replies: 69
Views: 5601

Re: (Tall) Buyer Beware: Honda Accord.

I had a similar problem with the new Accord. Ceiling too low even on lowest seat setting. Anything but LX or Sport 1.5 takes a big chunk out of headroom with the non-optional sunroof. Indeed, the sunroof is not a plus for me. You're looking at this all wrong. You need to raise the seat to the highe...
by CppCoder
Sat Jul 06, 2019 6:35 pm
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 55
Views: 3961

Re: How to avoid industries I do not want to invest in?

Does it make a difference if you know that those companies won't receive a dime from you? You buy and sell stocks on an open market. It's different from investing your cash directly to a company or buy stock in an IPO event. If anyone could benefit from you buying an investing fund, it's the other ...
by CppCoder
Wed Jul 03, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: Pricing Question [for car value - Manheim or KBB?]
Replies: 8
Views: 540

Re: Pricing Question

CarMax (or similar) and be done with it...
by CppCoder
Wed Jul 03, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Paid of Mortgage on home/need help with insurance
Replies: 17
Views: 1477

Re: Paid of Mortgage on home/need help with insurance

Flood insurance necessity is really a matter of location. People not recommending flood insurance because you live in Zone X clearly don't live in a flood prone area, like, say, Houston. Ask anyone who lived in Zone X whose house flooded during Hurricane Harvey if you should carry flood insurance. Y...
by CppCoder
Wed Jul 03, 2019 7:12 pm
Forum: Personal Consumer Issues
Topic: security info breach @ Georgia Tech...but I have no relationship w/GT
Replies: 8
Views: 943

Re: security info breach @ Georgia Tech...but I have no relationship w/GT

GT had a data breach, could have leaked info on many years' worth of student data. They probably hired someone to try to contact former students. They probably don't have current addresses for the overwhelming majority of former students. Your name probably matched against the name of a former stud...
by CppCoder
Sun Jun 23, 2019 7:25 pm
Forum: Personal Investments
Topic: Who should I open my taxable account with?
Replies: 25
Views: 2185

Re: Who should I open my taxable account with?

I'll just leave this here: I split my equity position at Fidelity on Aug 6 last year, shortly after the start of the zero fund FZROX equally. Today, the balances are (as of Friday's close).... FSKAX: $320,775.02 FZROX: $320,919.62 That said, I also hold VTI and SPTM at TDAmeritrade, SCHB at Schwab ...
by CppCoder
Fri Jun 21, 2019 7:31 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 93
Views: 8362

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

I wrote a book. Every quarter, I get tens of dollars in extra income! :oops: My employer was contacted by the publishers of the most well known "how-to" books to write an edition about our industry. The executive team chose a co-worker and myself to be the authors; for legal and compliance reasons ...
by CppCoder
Wed Jun 19, 2019 5:36 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 93
Views: 8362

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

I wrote a book. Every quarter, I get tens of dollars in extra income! :oops:
by CppCoder
Mon Jun 17, 2019 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Maternity and Paternity leave policies
Replies: 56
Views: 3346

Re: Maternity and Paternity leave policies

I'm not sure if you are restricting your question to medical practices or if you are inquiring across various industries. In my mega corp, we give 8 weeks paid time off for mom or dad to be used within the first year after birth plus 4-6 weeks of medical leave for mom, depending on the delivery meth...
by CppCoder
Fri Jun 14, 2019 7:08 pm
Forum: Personal Investments
Topic: Fidelity customer service
Replies: 15
Views: 1447

Re: Fidelity customer service

Do you have a local branch near you? I would try to handle this in-person with a branch manager.
by CppCoder
Thu Apr 04, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Follow-up on college engineering thread (computational v CS v Berkeley IEOR)
Replies: 77
Views: 4234

Re: Follow-up on college engineering thread (computational v CS v Berkeley IEOR)

Thanks for your comments. Obviously, it is not a level playing field between students and we have not spoken to many Berkeley recent graduates, but the ones we did speak to gave us the impression that the Berkeley name does not carry as much weight in getting into a top company as we previously tho...
by CppCoder
Wed Apr 03, 2019 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Follow-up on college engineering thread (computational v CS v Berkeley IEOR)
Replies: 77
Views: 4234

Re: Follow-up on college engineering thread (computational v CS v Berkeley IEOR)

Industrial engineering is one of those glamour fields that usually doesn’t pay very well. Unless he has a real desire to be the next Jony Ive, that major doesn’t really match the rest of his choices. ???? Industrial engineering does not equal industrial design. Industrial design equals design an iP...
by CppCoder
Sun Feb 24, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Big IRA accounts
Replies: 89
Views: 13328

Re: Big IRA accounts

This is a side thought. How do you get $4 million in Traditional IRAs? Even with starting when the Traditional IRA started and 401k started, hitting maxes, generous matches, 100% stocks how do you get $4 million. Would it have to be a company stock of Apple or Alphabet or some scenario where you in...
by CppCoder
Sat Feb 16, 2019 9:09 am
Forum: Personal Investments
Topic: personal rate of return
Replies: 29
Views: 2693

Re: personal rate of return

Sorry that this is off topic - but I’m confused as to how they calculate the “investment returns”. Next to investment returns, I am seeing a percentage and a dollar amount. When I take the dollar amount (which equals the difference from the current value and the amount of contributions) and divide ...
by CppCoder
Sat Feb 02, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12659

Re: How much do you need to live on 200k/ year forever?

You're essentially looking for a perpetual withdrawal rate. A credible number for that is somewhere between 2-3.5%, after tax. So, you'd need $5.7 to $10 million, depending on how conservative you are. That said, if you were willing to modify the $200k expense/year in bad market times, you could pr...
by CppCoder
Fri Feb 01, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12659

Re: How much do you need to live on 200k/ year forever?

You're essentially looking for a perpetual withdrawal rate. A credible number for that is somewhere between 2-3.5%, after tax. So, you'd need $5.7 to $10 million, depending on how conservative you are. That said, if you were willing to modify the $200k expense/year in bad market times, you could pro...
by CppCoder
Wed Jan 16, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: 401k After Tax contributions to Roth-IRA Tax questions.
Replies: 11
Views: 988

Re: 401k After Tax contributions to Roth-IRA Tax questions.

One question that was asked and was not yet answered was about the need for an 8606 or similar form for doing the mega backdoor Roth. No, you do not need to fill out an 8606. Your company will send you a 1099R to account for the rollover. It will indicate the amount of the rollover that is taxable. ...
by CppCoder
Tue Jan 15, 2019 7:57 pm
Forum: Investing - Theory, News & General
Topic: Are mega back door Roth contributions considered contributions?
Replies: 87
Views: 3669

Re: Are mega back door Roth contributions considered contributions?

If you wish to do any non-simple IRA withdrawals (I'm defining this as withdrawals prior to 59.5), you really need to read IRS PUBs 590 A and B carefully. A is for contributions and B is for withdrawals. Here are some links: https://www.irs.gov/publications/p590a https://www.irs.gov/publications/p59...
by CppCoder
Mon Jan 14, 2019 7:02 pm
Forum: Personal Investments
Topic: Mega-backdoor Roth has a loss
Replies: 13
Views: 1388

Re: Mega-backdoor Roth has a loss

My 401k tracks this "loss." Currently, I have $0 in my after tax account (just did an IRR on 1/2), but I have a nonzero basis/contribution amount. I've been in this situation for several years now. I never have large losses or gains because my after tax contributions are in bond funds until they are...
by CppCoder
Wed Jan 02, 2019 8:00 pm
Forum: Personal Investments
Topic: mega-backdoor 401k is with Fidelity. Should I open a 2nd Roth with them or can I roll over directly to Vanguard?
Replies: 18
Views: 989

Re: mega-backdoor 401k is with Fidelity. Should I open a 2nd Roth with them or can I roll over directly to Vanguard?

It does support in-plan, but my understanding is the growth does not grow tax-prepaid and only the principal does, or something funny like that? No, if you do an in-plan Roth rollover (IRR), whatever amount you move into your Roth 401k account will grow tax free. It's no different than the 401k to ...
by CppCoder
Tue Jan 01, 2019 7:36 pm
Forum: Personal Investments
Topic: back door roth question - small amount left in traditional ira
Replies: 7
Views: 403

Re: back door roth question - small amount left in traditional ira

I had something similar happen last year with my Fidelity account. I had 8 cents "leftover" (interest from the holding that showed up after the conversion). I didn't want a nonzero balance at year end, so I tried to convert 8 cents from tIRA to Roth, and Fidelity allowed that. Turns out that 8 cents...
by CppCoder
Tue Jan 01, 2019 6:17 pm
Forum: Personal Consumer Issues
Topic: Canon 100-400 zoom lens
Replies: 29
Views: 1202

Re: Canon 100-400 zoom lens

My father-in-law is a semi-pro photographer who shoots exclusively with Canon. He prefers the 70-200mm lens because it comes in an f/2.8. That lens is a beast in both price and weight. I'm not sure if lens speed matters to you, but it's something to consider for certain applications.
by CppCoder
Tue Jan 01, 2019 6:09 pm
Forum: Personal Investments
Topic: FSKAX and FZROX, FTIHX and FZILX
Replies: 11
Views: 5551

Re: FSKAX and FZROX, FTIHX and FZILX

I'll note that the zero funds pair well with the low cost index funds for tax loss harvesting if you are talking about a taxable account. Of course, many will tell you that you should hold neither in taxable as Fidelity mutual funds aren't terribly tax efficient. Instead, people will direct you towa...
by CppCoder
Mon Dec 31, 2018 5:41 pm
Forum: Personal Investments
Topic: After Tax 401(k) to Roth IRA
Replies: 21
Views: 1246

Re: After Tax 401(k) to Roth IRA

I believe the pro-rata rule only comes into play if you have any traditional type IRA (TIRA, SEP, SIMPLE, etc) that holds a balance at the end of the year. If you do not have any of these, you should be good to go I believe. Pro-rata rules would only come into play for the "regular" backdoor Roth I...
by CppCoder
Sun Dec 30, 2018 2:08 pm
Forum: Personal Investments
Topic: After Tax 401(k) to Roth IRA
Replies: 21
Views: 1246

Re: After Tax 401(k) to Roth IRA

I believe the pro-rata rule only comes into play if you have any traditional type IRA (TIRA, SEP, SIMPLE, etc) that holds a balance at the end of the year. If you do not have any of these, you should be good to go I believe. Pro-rata rules would only come into play for the "regular" backdoor Roth I...