Search found 240 matches

by scorcher31
Sat Jul 04, 2020 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 100
Views: 5516

Re: Manager vs. Direct report salary issues

On a side note, i never realized how many bogleheads were in tech.
by scorcher31
Sat Jul 04, 2020 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 100
Views: 5516

Re: Manager vs. Direct report salary issues

This must vary significantly by industry. In my wife's field of business (not tech) there are no IC vs management. It's just a hierarchy of promotions as you go up the ladder you get more so you are always paid more than your direct reports. It goes something like analyst<consultant<senior consultan...
by scorcher31
Wed Jul 01, 2020 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Will i need to pay taxes of free daycare in NJ?
Replies: 8
Views: 820

Re: Will i need to pay taxes of free daycare in NJ?

Thanks for the input. Just for reference this was the executive order that triggered this in NJ (executive order 110) https://nj.gov/infobank/eo/056murphy/pdf/EO-110.pdf along that talks about the payment but can't find the actual law for this: https://www.nj.gov/humanservices/news/pressreleases/202...
by scorcher31
Tue Jun 30, 2020 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Will i need to pay taxes of free daycare in NJ?
Replies: 8
Views: 820

Re: Will i need to pay taxes of free daycare in NJ?

Figured I would bump it one more time to see if anyone had any thoughts.
by scorcher31
Mon Jun 29, 2020 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Will i need to pay taxes of free daycare in NJ?
Replies: 8
Views: 820

Will i need to pay taxes of free daycare in NJ?

Due to COVID-19, NJ paid for the daycare of essential workers regardless of their income for 3 or so months (I forget how long). The money was from the state and paid directly to the daycare to cover tuition. There has been no mention of any kind of taxes for this down the road, but there is no one ...
by scorcher31
Sun Jun 28, 2020 12:04 pm
Forum: Personal Investments
Topic: Sell when company stock vests or wait 1 year?
Replies: 15
Views: 888

Re: Sell when company stock vests or wait 1 year?

You pay ordinary income tax on the vest price, no matter when you sell. Sell immediately and diversify. This is why I love bogleheads, I diddn't realized that. I just want to confirm. So even though they awarded the equivalent of $20k of shares in 2020 and they are now worth $21k but have not veste...
by scorcher31
Sun Jun 28, 2020 11:50 am
Forum: Personal Investments
Topic: Sell when company stock vests or wait 1 year?
Replies: 15
Views: 888

Sell when company stock vests or wait 1 year?

My spouse has started getting company stock as part of a yearly bonus which vests 25% per year after it is awarded. The company is a large company, although not one of the big tech companies, and nothing I would have interest in buying. Bonus was about 20k this year and I'm guessing will be similar ...
by scorcher31
Sun Jun 14, 2020 9:14 pm
Forum: Personal Consumer Issues
Topic: Recommend a mattress?
Replies: 31
Views: 2569

Re: Recommend a mattress?

We got the costco version of the casper and love it!
by scorcher31
Sat Jun 13, 2020 11:31 am
Forum: Personal Consumer Issues
Topic: heated driveway?
Replies: 91
Views: 4540

Re: heated driveway?

I know there are no kids looking for work and the companies that advertise for snow removal are more commercial/plowing etc. Are you in a very rural area? That could make it a bit more difficult. You might want to try landscaping/ grass mowing companies. We never had luck with the big ones, but many...
by scorcher31
Sun May 31, 2020 9:31 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

I may be wrong, but from your post it seems to me you are a doctor couple, with School Loans & malpractice talked about. They are many of us on the forum. I was in your shoes once upon a long time back, you at 36 with 1 mil worth of investment are in a great position financially speaking. From your...
by scorcher31
Sun May 31, 2020 7:11 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

I am going to continue to post in the form and comment back for a while longer because I feel like it's actually helping. With that said I think my plan is as follows: Pay off my current mortgage, try to keep my eye out for the "perfect house" over the next 4 or 5 years that's in a school district t...
by scorcher31
Sun May 31, 2020 6:40 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

First off congrats. But if someone made 42k a year it's the equivalent of them hitting 100k. Granted the guy who hit 100k can't say screw it and retire if he drastically cut costs. Figure out "your" number and set out to achieve that, you're well on the way. Buy the house, spend where it makes you ...
by scorcher31
Sun May 31, 2020 6:34 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

It's exciting, but now I sort of feel a bit lost. I'm trying to figure out what my next goal should be and what I am ultimately targeting for retirement. I think I'd like to retire in my 50's or early 60's at latest as my job sort of beats me down to some degree (partially because of the risk of ma...
by scorcher31
Sun May 31, 2020 5:31 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

Why did you get reemed out? Actually in retrospect, I didn't really. I seemed to feel like people were saying it was a stupid question and I was bragging. It was actually 3 years ago as well. It's funny how memory can change things. This is the old thread: https://www.bogleheads.org/forum/viewtopic...
by scorcher31
Sun May 31, 2020 5:21 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

You are doing great. Congrats! Why the guilt? It almost sounds like you are apologetic about your success. Listen, you can never be too rich or too thin. Well, maybe too thin. Just keep plugging along and save and invest. I am sure you will find something to do with the cash. If not, there are alwa...
by scorcher31
Sun May 31, 2020 5:06 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

I know/think we are doing well financially, but again just trying to figure out how to even set a goal here I was in a much different situation than you but but in the 2008 financial crisis I was in my early 50s and I was concerned about being laid off an not being able to find another good job. In...
by scorcher31
Sun May 31, 2020 4:48 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

BTW I really do what to thank everyone for all the very thoughtful input so far! This so far has been helpful
by scorcher31
Sun May 31, 2020 4:45 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

Since it’s just the internet, let me set some goals for you. When you turn 50, 1) Still be married 2) Have instilled good values and ethics in your children 3) Have a net worth of $5M You are off to an amazing start. All of these things are within your reach. And if you accomplish them, you’ll have...
by scorcher31
Sun May 31, 2020 4:35 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

ball241 wrote:
Sun May 31, 2020 4:20 pm
What asset allocation do you use at this young age?
Im about 90/10 in invested assets with the 10 being mostly a tax free state municipal bond fund. I have no fear of market dropping so am fairly comfortable with my allocation.
by scorcher31
Sun May 31, 2020 3:32 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

Re: When is it enough/too much?

Since it’s just the internet, let me set some goals for you. When you turn 50, 1) Still be married 2) Have instilled good values and ethics in your children 3) Have a net worth of $5M You are off to an amazing start. All of these things are within your reach. And if you accomplish them, you’ll have...
by scorcher31
Sun May 31, 2020 3:13 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9124

When is it enough/too much?

So as a 36 y/old dual income family we finally have reached our/my "arbitrary" goal of 7 figure invested assets. It's exciting, but now I sort of feel a bit lost. I'm trying to figure out what my next goal should be and what I am ultimately targeting for retirement. I think I'd like to retire in my ...
by scorcher31
Tue May 19, 2020 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Paid surveys (taxable income)
Replies: 1
Views: 204

Paid surveys (taxable income)

There are a few sites online, especially for physicians, where you can do surveys usually online or by phone for some extra money. I know the money is taxable income, even if you don't earn enough $600 to trigger a 1099. What I am trying to figure out is at what time is the money taxable. Many of th...
by scorcher31
Mon May 18, 2020 6:17 am
Forum: Personal Consumer Issues
Topic: Stinkbug screened in deck problem
Replies: 25
Views: 2302

Re: Stinkbug screened in deck problem

Maybe a good exterminator would be of help? I feel like a good one would do more than just spray with poison, but try to find the root of the problem and take preventative measures.
by scorcher31
Sat May 02, 2020 7:21 am
Forum: Personal Consumer Issues
Topic: Daycare closed
Replies: 140
Views: 10967

Re: Daycare closed

At least in our area of NJ we have multiple daycares open. In fact our hospital sent emails about 3 or 4 places including our current daycare that will be taking children of essential workers families. Daycare for april at least has been paid for by the state regardless of our income and i hope that...
by scorcher31
Mon Apr 06, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: NJ Emergency Child Care
Replies: 0
Views: 188

NJ Emergency Child Care

Don't know if anyone here is from NJ and still sending their child to daycare in NJ, but from what I can tell it is essentially paid for at least for April and possibly longer by the state (https://www.childcarenj.gov/Emergency). From my read your income does not matter, I did fill the form out as m...
by scorcher31
Fri Apr 03, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: Safest way to get food
Replies: 168
Views: 13497

Re: Safest way to get food

I have to say, I enjoy Amazon's whole foods delivery for Prime users more than I should. Just discovered it a couple of months ago. There is no delivery charge other than tip, which to me is worth my time and gas. They drop it off right at your porch so that would minimize exposure.
by scorcher31
Fri Apr 03, 2020 9:39 am
Forum: Investing - Theory, News & General
Topic: Why don't all investors go 100% stocks
Replies: 72
Views: 5182

Re: Why don't all investors go 100% stocks

All investors? You are kidding right? Now, if you said all investors under age 35 with secure jobs, I would tend to agree with you. Totally agree! I just realized in my earlier post I tried to justify it could be appropriate for some people, but I agree with Chip Shot. It's probably not appropriate...
by scorcher31
Fri Apr 03, 2020 8:51 am
Forum: Investing - Theory, News & General
Topic: Why don't all investors go 100% stocks
Replies: 72
Views: 5182

Re: Why don't all investors go 100% stocks

For what it's worth we are close to 100% stocks albeit young and have no problem with it. I think if you have a high income, no debt, and almost guaranteed job security there is minimal harm in this approach. Do you think that you, personally, have "almost guaranteed job security?" Or that you have...
by scorcher31
Fri Apr 03, 2020 8:35 am
Forum: Investing - Theory, News & General
Topic: Why don't all investors go 100% stocks
Replies: 72
Views: 5182

Re: Why don't all investors go 100% stocks

For what it's worth we are close to 100% stocks albeit young and have no problem with it. I think if you have a high income, no debt, and almost guaranteed job security there is minimal harm in this approach. I think this could be carried into retirement as well, although I may personally pull back ...
by scorcher31
Tue Mar 31, 2020 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: House Buying Advice - Contract Already Signed
Replies: 39
Views: 3739

Re: House Buying Advice - Contract Already Signed

Your either love the home or you don't. If you love everything about it and your plan on staying there indefinitely, then whether the price goes up or down doesn't really mater because your staying in it for decades. I can tell you we own a home we have only been in maybe 6 or so years and it's not ...
by scorcher31
Sun Mar 22, 2020 9:01 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 193847

Re: Bogleheads community discussion - Coronavirus

Actually why Germany is doing so well in their mortality rate is a great questions, I'm also interested in this. I also agree with whoever said the cases are vastly under reported in the U.S. So far there has been 33.5K confirmed Covid19 cases in the USA on record. How many have there really been t...
by scorcher31
Sun Mar 22, 2020 8:47 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 193847

Re: Bogleheads community discussion - Coronavirus

Separately, as I posted before - mortality rate is greatly overstated for this virus. Under reporting of cases (with no symptoms or minor symptoms) plus deaths tied to pre-existing conditions and comorbidities are not accounted for correctly. When dust settles, we will likely find out that it was n...
by scorcher31
Sun Mar 22, 2020 8:35 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 193847

Re: Bogleheads community discussion - Coronavirus

Took this from another thread, but 3M CEO stated they will be delivering 500,000 respirators to New York and Seattle. This is good...yes? And yes, I am looking for some positivity. Can someone please put this into context? Does this fall into: Big Deal, Very Small Impact, or essentially no impact? ...
by scorcher31
Sun Mar 22, 2020 8:21 pm
Forum: Personal Investments
Topic: I need help understanding if tax loss harvesting is it worth it?
Replies: 9
Views: 829

Re: I need help understanding if tax loss harvesting is it worth it?

if i'm not claiming it against capital gains and just doing 3k a year does it makes since to just do something like my highest base spec IDS for 30k to cover 10 years or should I go all out and harvest ever last dollar and maybe dig up 50k or so.
by scorcher31
Sun Mar 22, 2020 3:50 pm
Forum: Personal Investments
Topic: I need help understanding if tax loss harvesting is it worth it?
Replies: 9
Views: 829

Re: I need help understanding if tax loss harvesting is it worth it?

While I wait for the spec ID switch: Would FSKAX (Fidelity Total Market Index Fund) throwing off dividends in my roth IRA cause a wash sale for VTSAX or down the road when i move back VFIAX or VCLAX? Our old 401k used to aggregate everything and give me easy breakdowns, for the life of me I can't re...
by scorcher31
Sun Mar 22, 2020 6:33 am
Forum: Personal Investments
Topic: I need help understanding if tax loss harvesting is it worth it?
Replies: 9
Views: 829

Re: I need help understanding if tax loss harvesting is it worth it?

So I assume on Vanguard I would need to change over from average cost basis to specific ID in order to do this appropriately? I know short term and long term gains make a big difference for tax rate. For purposes of TLH and a loss however I assume there is no difference between short term and long t...
by scorcher31
Sat Mar 21, 2020 9:12 pm
Forum: Personal Investments
Topic: I need help understanding if tax loss harvesting is it worth it?
Replies: 9
Views: 829

Re: I need help understanding if tax loss harvesting is it worth it?

If you realize 50K in capital losses and have no capital gains to offset, you can use up to 3K of those losses per year to offset income, the remainder of the capital carries forward to next tax year. Say you realize no capital gains this year, so you use 3K to reduce your ordinary income which wil...
by scorcher31
Sat Mar 21, 2020 8:52 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3995
Views: 303657

Re: Coronavirus and the market

Anyone think the new FDA approved Point of Care Covid test with rapid turn around time will cause the market to go up?
by scorcher31
Sat Mar 21, 2020 8:43 pm
Forum: Personal Investments
Topic: I need help understanding if tax loss harvesting is it worth it?
Replies: 9
Views: 829

I need help understanding if tax loss harvesting is it worth it?

Our family income is probably $420k a year so we are in a relatively high tax bracket. I put about 9k a month into VTSAX 75% and VTIAX 25% every month and obviously it has dropped quite a bit in this market. I fully expect it to come back and have always been an advocate of just keep dumping money i...
by scorcher31
Sun Mar 15, 2020 3:25 pm
Forum: Investing - Theory, News & General
Topic: Deploying your emergency fund to buy stocks? Think again.
Replies: 183
Views: 29620

Re: Deploying your emergency fund to buy stocks? Think again.

I think it can be perfectly reasonable to shift emergency funds in some situations. Don't forget many bogleheads are high income physicians or 2 physician families whose jobs are extremely secure. I'm only a year out from having my mortgage payed off and have an overly plump emergency fund that I pr...
by scorcher31
Sat Mar 14, 2020 11:13 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3995
Views: 303657

Re: Coronavirus and the market

• You will also see the 30-40% of U.S. citizens who see this as "Fake news" and "just the flu" suddenly realizing they misjudged this whole affair when mom, their neighbor, pastor, etc. gets hospitalized and put on a ventilator. Mr. Market will not react well to that. I'm afraid that you're spot on...
by scorcher31
Sat Mar 14, 2020 10:54 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3995
Views: 303657

Re: Coronavirus and the market

• You will also see the 30-40% of U.S. citizens who see this as "Fake news" and "just the flu" suddenly realizing they misjudged this whole affair when mom, their neighbor, pastor, etc. gets hospitalized and put on a ventilator. Mr. Market will not react well to that. I'm afraid that you're spot on...
by scorcher31
Wed Mar 11, 2020 10:28 pm
Forum: Investing - Theory, News & General
Topic: Stocks on Sale? When to shift extra in?
Replies: 2
Views: 494

Re: Stocks on Sale? When to shift extra in?

I guess what I'm getting at is I've always saved right along, and won't be selling anytime soon. Does the drop in the market give good enough reason to free up and shift over extra resources to the total us stock market get a "deal".
by scorcher31
Wed Mar 11, 2020 10:23 pm
Forum: Investing - Theory, News & General
Topic: Stocks on Sale? When to shift extra in?
Replies: 2
Views: 494

Stocks on Sale? When to shift extra in?

So I frequently hear the concept of "stocks being on sale" during a crash or a bear market. Obviously if SP500 was at 3300 and now at 2600 it's cheaper. The question is does it statistically typically rebound back to the the 3300 quicker than it took to get from 2600 to 3300 in the first place. I.e ...
by scorcher31
Tue Mar 10, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Difficulty getting quotes from landscapers
Replies: 14
Views: 1399

Re: Difficulty getting quotes from landscapers

One off jobs are a pain,as has been said a busy landscaper would try to fit it in if time allows and margin was there. My regular biz. is 65 hours a week per employee in season (5) with clients of 25+ years. BIG spenders that have a expectation of me to perform. I know men from my local shape up li...
by scorcher31
Tue Mar 10, 2020 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Difficulty getting quotes from landscapers
Replies: 14
Views: 1399

Re: Difficulty getting quotes from landscapers

I might need to look and see who is coming to the area. I currently try to rake and use a snow shovel actually but they get so embedded they dont rake well and it takes a few hours or more like this even though its only 1 large tree. The shop vac is a fantastic idea that i may have to try. My leafbl...
by scorcher31
Tue Mar 10, 2020 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Difficulty getting quotes from landscapers
Replies: 14
Views: 1399

Re: Difficulty getting quotes from landscapers

Is it worthwhile to call the company back after 1 week and asking if they are interested in the buisness/ is a quote coming? If they say yes after the phone call is it a bad sign i needed to remind them?
by scorcher31
Tue Mar 10, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Difficulty getting quotes from landscapers
Replies: 14
Views: 1399

Re: Difficulty getting quotes from landscapers

It's usually the contractor thinks the person will be difficult to work with, the job is not enjoyable, the job is low margin, or it's a one off job. My brother owns a landscape company. He doesn't need business from difficult people. He doesn't need one off jobs. He has plenty of work. He can be s...
by scorcher31
Tue Mar 10, 2020 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Difficulty getting quotes from landscapers
Replies: 14
Views: 1399

Re: Difficulty getting quotes from landscapers

I was going to suggest picking up some people outside of home depot. We did that and really fast and cheap they cleaned up our disaster of a yard. If you're willing to get mulch delivered separately they can do that too. If a neighbor has someone who comes regularly they'd probably be happy to add ...
by scorcher31
Tue Mar 10, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Difficulty getting quotes from landscapers
Replies: 14
Views: 1399

Re: Difficulty getting quotes from landscapers

It's usually the contractor thinks the person will be difficult to work with, the job is not enjoyable, the job is low margin, or it's a one off job. My brother owns a landscape company. He doesn't need business from difficult people. He doesn't need one off jobs. He has plenty of work. He can be s...