Search found 233 matches

by joelly
Wed May 15, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: I accidentally retired, and need tax advice
Replies: 48
Views: 6323

Re: I accidentally retired, and need tax advice

IngognitoUSA wrote:
Tue May 14, 2019 6:49 pm
triggertreat wrote:
Tue May 14, 2019 6:38 pm
Go back to work? What do you mean accidentally retired?
I have heard of getting accidentally pregnant but not accidentally retired.
:D Best laugh I have in months :sharebeer
by joelly
Wed May 15, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6772

Re: Do you reward yourself for achieving a financial goal?

A high school friend of mine just died this year on the day before Easter. He was 44. He was not just a friend, he was a lab partner, a deskmate, a confidante and an overall compadre. The cause is his heart, it just gave up at such a young age. He left behind a wife and a 10-year-old son. I learn no...
by joelly
Tue Apr 30, 2019 5:48 pm
Forum: Personal Investments
Topic: Where to open 529 savings plan?
Replies: 19
Views: 1279

Re: Where to open 529 savings plan?

Thanks Everyone. Appreciate all the lessons shared. I will start contributing to the CA ScholarShare 529 plan. How would I know if it ever going to be enough? Will it be enough if it has $200K in it by the time she is 18? I am thinking way too much ahead I know. But I just thought I throw it out th...
by joelly
Tue Apr 30, 2019 4:53 pm
Forum: Personal Investments
Topic: Where to open 529 savings plan?
Replies: 19
Views: 1279

Re: Where to open 529 savings plan?

Thanks Everyone. Appreciate all the lessons shared. I will start contributing to the CA ScholarShare 529 plan. How would I know if it ever going to be enough? Will it be enough if it has $200K in it by the time she is 18? I am thinking way too much ahead I know. But I just thought I throw it out the...
by joelly
Thu Apr 25, 2019 12:49 pm
Forum: Personal Investments
Topic: Where to open 529 savings plan?
Replies: 19
Views: 1279

Re: Where to open 529 savings plan?

I'm looking at the CA ScholarShare 529 plan. I plan to start contributing now before the baby is born. However, the application is asking the beneficiary information (i.e. Name, SSN, etc). Can I leave this blank for now since my baby girl is not even born yet? It's another 6 weeks to go and I can't ...
by joelly
Wed Apr 24, 2019 4:04 pm
Forum: Personal Investments
Topic: Where to open 529 savings plan?
Replies: 19
Views: 1279

Where to open 529 savings plan?

For 401K, my employer use Fidelity. Should I use Fidelity? Or should I use Vanguard or TRowe Price? Or some other company? Does it make any difference or not? I live in Los Angeles, CA. I'm currently pregnant and due in 6 weeks. I want to start saving for her 529 this year. Thank you in advance. -Jo...
by joelly
Wed Apr 17, 2019 4:14 pm
Forum: Personal Investments
Topic: Where to hold 2-3 years of living expenses
Replies: 28
Views: 5643

Re: Where to hold 2-3 years of living expenses

I'm curious. Won't you lose money in these funds mentioned-below? I'm new at these sorry... We don't hold a cash allocation at all. Our investments are all in Vanguard mutual funds, which can be turned into cash in a couple of days if needed. If I wanted 2-3 years of living expenses in cash or simil...
by joelly
Wed Apr 17, 2019 4:12 pm
Forum: Personal Investments
Topic: Where to hold 2-3 years of living expenses
Replies: 28
Views: 5643

Re: Where to hold 2-3 years of living expenses

I'm curious. Won't you lose money in these funds mentioned-below? We don't hold a cash allocation at all. Our investments are all in Vanguard mutual funds, which can be turned into cash in a couple of days if needed. If I wanted 2-3 years of living expenses in cash or similar I would use a combinati...
by joelly
Tue Mar 05, 2019 5:44 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3847
Views: 1105720

Re: What Book Are You Currently Reading? Part VI

Currently reading "The quiet side of passion" by Alexander Mccall Smith.
by joelly
Tue Nov 06, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7770

Re: Never thought of living in Bay Area but just got a call from Tesla

corysold wrote:
Tue Nov 06, 2018 3:35 pm
I guess I'd wonder why they aren't able to higher someone from the immediate area for the job.
Everyone in the Bay area knows what's going on.
by joelly
Tue Nov 06, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 712
Views: 119653

Re: High Earners - What's Your Profession?

Senior finance executive public company. Also I would not consider a cutoff of $100K a high earner. I’d be thinking more along the lines of north of mid six figures. At that level you are well beyond making ends meet with the opportunity to save a considerable amount and doing something different (...
by joelly
Mon Oct 08, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1334
Views: 136953

Re: [What TV Show Have You Recently Watched?]

Ironfist on Netflix. Binging on that now.

Manifest (channel 4 I think) seems good. Saw the pilot and it has Stephen King and/or M. Night Shyamalan feels to it. Just my humble opinion.
by joelly
Mon Aug 20, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Online vs Classroom
Replies: 14
Views: 1056

Online vs Classroom

Hi Everyone, I want to take a class at a university extension. It is a real estate investment class. Thought it will add value to my controllership job. There are two options: online and classroom (extra cost for parking on campus). Other than the parking cost, it is the same price. For all practica...
by joelly
Mon Jun 18, 2018 5:46 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1334
Views: 136953

Re: [What TV Show Have You Recently Watched?]

Currently, we are binge watching Dexter.
by joelly
Tue Dec 05, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

Everyone, I am asking for a prayer. I am building a case (not to hurt anyone) but to clean up the books. The new trustee has express willingness to be my ally which I totally appreciate. So much is wrong, not only financially but also in management. i.e. bookkeeper went rogue on hiding transactions,...
by joelly
Tue Dec 05, 2017 5:52 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

She receives $82K/yr (not include overtime) and $48K/yr in allowances (paid medical, paid gas, paid auto and paid 2 kids private school). She is our bookkeeper. I haven't decide her salary increase yet. Either I missed something, or I’m in the wrong line of work, or both. But how in the world is a ...
by joelly
Tue Dec 05, 2017 5:48 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

If your non-profit is large enough to have a CFO, you, senior accountant and a bookkeeper, isn't it large enough to be required to have an outside financial review or an outside audit? Apparently it is not. Why? Because we are still on our way to be a non profit. So this would be the time to clean ...
by joelly
Tue Dec 05, 2017 5:45 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

So, the CFO has given fringe benefits to two members of staff, and in both cases, they've tried and failed to hide them from you. It seems very likely that the CFO has also given extra fringe benefits to himself, maybe an order of magnitude bigger in size, just you have yet to discover them. My gue...
by joelly
Mon Nov 27, 2017 6:28 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

Make sure these personal expenses for the employee involved are recognized and recorded as payroll/compensation for personal services and added to the employee's payroll record and W-2 reporting. You could probably also file an amended W-2 for prior years. The CFO won't agree to that. He is the sig...
by joelly
Mon Nov 27, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

I work in accounting as well and I would be tempted to have a talk with the CEO or board about this behavior. Does the CFO even have the right to give a car to the book keeper as a business expense (he can spend his personal money on whatever he wants). The fact that it was booked to a prepaid acco...
by joelly
Mon Nov 27, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

So most of you agree that I should change job. I'm working on it but at the same time, I'm working on fixing what I can. We have a 2nd trustee now and he seems to be on the up and up and definitely not a lackadaisical kind-of-guy. The way I see it, the lackadaisical 1st trustee is the responsibility...
by joelly
Mon Nov 27, 2017 4:26 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

$82k for a bookkeeper? Plus 48k in benefits?? That must be over double the average even for a HCOL area. This is baffling to me - where are you located and what type of NPO is this? I live in the HCOL Northeast and see Exec Director/CFO positions that pay $100k +/- for organizations with $10-20M in...
by joelly
Mon Nov 27, 2017 3:15 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

CaliJim wrote:
Thu Nov 16, 2017 9:02 pm
Keep good notes. Document everything and keep a duplicate copy somewhere safe.
I have a diary that I kept.
by joelly
Mon Nov 27, 2017 3:13 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

Livesoft nailed it . Is there anyway if your job is being done responsibly that you could miss this? If so I'd miss it until you could find another job. If you mention it and Livesoft is right, you're going to eventually lose your job anyway. Yes, even if I'm doing my job responsibly, I could miss ...
by joelly
Thu Nov 16, 2017 3:10 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

You need to look for another job. No good is going to come of this. That is an idea that I keep tossing around in my head. The reason of my reluctant to move is because I created the accounting system in this company and I hate to pass it on to others after all that hard work. Also, just hired a se...
by joelly
Thu Nov 16, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

I’m not mean by nature, only by thoughts. The housing for his assistant was also not on the up and up. The other trustee is also bothered and upset about it. When he confronted him, he said that that because he didnt give her an increase. So the other trustee checks with hr and sure enough the assis...
by joelly
Wed Nov 15, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

Is your company a profit or non-profit? Is it publicly traded or privately held? Does it have a compliance and/or audit group? Does it have an external auditor? What is the cfo's relationship to the board of directors/owners? Lots of things can impact chain of command and what is tolerable/unethica...
by joelly
Wed Nov 15, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

I'll throw this out there to make this thread actionable and interesting: Office affair. Actually, the cfo gives his admin asst a free rent. The 2bd 2ba apt was remodeled to the nines (spare no expenses). The fmv of the apt is $3,500 in the brentwood area in los angeles, ca. This is in addition to ...
by joelly
Wed Nov 15, 2017 9:29 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

It's not necessarily anything sinister. Some people don't respect chain of command. There are countries where this is part of the culture, and it's finding it's way to American culture too. I'm assuming you are American. I would talk to the CFO and explain that this bothered you, and why. Have a co...
by joelly
Wed Nov 15, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Re: Chain of command

I'm not as bothered by the car being given to her but why the attempt to hide the transactions. :oops:

What else she and he hides? Can't help being suspicious.
by joelly
Wed Nov 15, 2017 8:49 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5878

Chain of command

Hi Everyone, I'd like to ask if any of you ever experience the following: The cfo/trustee gave your subordinate (bookkeeper) a car without letting you know. You are the controller. What would you do? The one that bothers me the most is the fact that the bookkeeper booked an entry to conceal the tran...
by joelly
Fri Jan 06, 2017 7:14 pm
Forum: Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 9312

Re: 500K milestone celebration

:sharebeer congrats! If you can save $12K/mo, you have a rather impressive paycheck.

I'm rather behind as I have a little over $200K and I'm already 40.
by joelly
Wed Sep 07, 2016 1:29 pm
Forum: Personal Consumer Issues
Topic: Backup camera for 2016 Toyota Yaris
Replies: 7
Views: 1979

Backup camera for 2016 Toyota Yaris

Hi Everyone,

Hubby just bought a 2016 Toyota Yaris. It came without backup camera. He is now interested in getting a backup camera. We have no clue where to get it from for under $100. Any advice as to where to get the backup camera from.

Thank you in advance.
by joelly
Thu Sep 01, 2016 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: 1 month into new job, should I leave for better job
Replies: 20
Views: 3932

Re: 1 month into new job, should I leave for better job

Yes, move. Better commute plus your friend is there. I always love working with friends, it's a fringe benefit better than money in my opinion. Do give 2 weeks notice to be professional and not burn any bridges. Say you are open to any questions that may arise after you left. Congratulations!!! :sha...
by joelly
Mon Aug 08, 2016 6:27 pm
Forum: Personal Investments
Topic: How much to save
Replies: 24
Views: 3425

Re: How much to save

will be called cheap by all my peers/family :p You say that like it's a bad thing. Well its usually associated with being a scrooge and that doesn't have many positive connotations. I don't want my future kids thinking of me as a scrooge. With that much money, they won't think nice things about you...
by joelly
Mon Aug 08, 2016 6:17 pm
Forum: Personal Consumer Issues
Topic: Solo Travel
Replies: 40
Views: 5288

Re: Solo Travel

One tip for you (may not even be useful depending on how practical you are), travel light. In fact, don't bring any change of clothes at all, just buy some when you get there. This way you look like one of the locals. Adventure awaits! :sharebeer
by joelly
Wed Jul 13, 2016 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: 401k vs mortgage
Replies: 26
Views: 4244

Re: 401k vs mortgage

Just want to comment so this post bumped to the top. I know not to sacrifice the contribution to your 401k in favor of paying down the mortgage. That's just as much as I know. I'm sure you will get more beneficial responses from other more-experience bogleheads. Way to go on maximizing 401k. :beer
by joelly
Tue Jun 28, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage immediately? Or keep plugging along?
Replies: 57
Views: 6640

Re: Pay off mortgage immediately? Or keep plugging along?

Think of the worst possible scenario that could have happened after you clean up your $115K savings to pay off the mortgage, IF you think you and your family can weather it THEN pay it off. IF not, then devise a new plan. :beer Congrats either way! I think you have paid off your mortgage by having t...
by joelly
Fri Jun 17, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off the mortgage today
Replies: 67
Views: 9150

Re: Paid off the mortgage today

Congratulations!
by joelly
Mon Jun 06, 2016 12:03 am
Forum: Personal Consumer Issues
Topic: Yoga or Pilates or Something Else?
Replies: 43
Views: 4438

Re: Yoga or Pilates or Something Else?

Do Piyo. That's a combo of Pilates and Yoga. It will give you the definition you want and will sort out the kinks that you feel. I owe it to Piyo for the fully function of my right knee.

Just google Piyo. It's a dvd so you can work out at home. All you need is yoga mat and 30 min a day.
by joelly
Thu May 26, 2016 12:20 pm
Forum: Personal Investments
Topic: House - to buy or not
Replies: 63
Views: 6855

Re: House - to buy or not

This is crazy talk. Home prices are a function of employment opportunities and income. Home prices can (and did, less than a decade ago) go down, and even if they go up the appreciation is eaten alive by maintenance costs, taxes, and selling/transaction costs. This is an excellent point that cannot...
by joelly
Thu May 26, 2016 12:16 pm
Forum: Personal Investments
Topic: House - to buy or not
Replies: 63
Views: 6855

Re: House - to buy or not

House buying is turning out to be a nightmare here in tennessee. Prices are going through the roof and it feels like if i dont buy now, i will be missing out. Salary of $100k and family of 3 - 2700 - 3500 sq ft house prices are running between 450k to 550k and above too. Extremely sad and not under...
by joelly
Wed May 18, 2016 5:14 pm
Forum: Personal Consumer Issues
Topic: Did your children ever completely move out?
Replies: 53
Views: 6392

Re: Did your children ever completely move out?

I completely move out of my parents house when I moved to this country a few years ago. My brothers are still living with my parents. One of them (38 yo) actually own a house and will get marry at the end of this year but he plans to stay at my parent's house. The youngest one (28 yo) also is still ...
by joelly
Thu Mar 17, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Sq ft. of new home after moving -separation
Replies: 17
Views: 2383

Re: Sq ft. of new home after moving -separation

Get a Realtor. NEVER by a house without a Realtor. Find one who will sell your house for little or no charge if you agree to use them on the next purchase. We actually fired our realtor because he refused to write an offer which is $20,000 below the asking price. He said that will be insulting to t...
by joelly
Fri Mar 11, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: How bad would it have to be before you removed an adult child from any inheritance at all?
Replies: 20
Views: 2832

Re: How bad would it have to be before you removed an adult child from any inheritance at all?

"The bond that links your true family is not one of blood, but of respect and joy in each other's life." -Richard Bach

Think of who gives you the respect and the joy in your life and leave your money to them instead.

Best of luck. :sharebeer
by joelly
Thu Mar 03, 2016 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: 10% Mortgage Down payment
Replies: 49
Views: 9116

Re: 10% Mortgage Down payment

That's what the text of the HPA at the above link says. You can ask to drop the PMI if you've paid it down to 80% faster than normal, but it's your responsibility to provide acceptable proof (an acceptable appraisal) to show that it has not dropped in value. They have to go by the original value on...
by joelly
Wed Mar 02, 2016 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: 10% Mortgage Down payment
Replies: 49
Views: 9116

Re: 10% Mortgage Down payment

PMI is not easy to get rid of. Your lender has to put a rider in the loan commitment agreement for you to be able to get rid of it later. Also, you need to hire an appraiser to do this. Just paying extra to the principal is not enough. On most conforming loans lenders are required by law by the Hom...
by joelly
Tue Mar 01, 2016 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: 10% Mortgage Down payment
Replies: 49
Views: 9116

Re: 10% Mortgage Down payment

PMI is not easy to get rid of. Your lender has to put a rider in the loan commitment agreement for you to be able to get rid of it later. Also, you need to hire an appraiser to do this. Just paying extra to the principal is not enough.
by joelly
Sat Feb 20, 2016 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Saving
Replies: 68
Views: 7391

Re: Engagement Ring Saving

Congratulations!!! :sharebeer

Try Good Old Gold in NY. If you live in Los Angeles, try Diamond district. Pay cash for it. Best of luck!!!
by joelly
Wed Feb 17, 2016 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Questions on House Affordability
Replies: 27
Views: 3103

Re: Questions on House Affordability

I forgot to thank everyone for sharing with me your opinions. You ALL are very helpful. I appreciate it.