Search found 24 matches

by Kow
Sun May 05, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Realistic Comp Increase with Doubling Job Responsibilities
Replies: 37
Views: 2515

Re: Realistic Comp Increase with Doubling Job Responsibilities

First you need to understand where you are in the range for your future job. We're you hired with the understanding your job would be bigger or we're you hired to do the job you have been doing. One direct report is not many for your comp depending on the exact role. Where are you located? There als...
by Kow
Tue Sep 04, 2018 5:36 am
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3387

Re: House Affordability - Question on standard advice

I generally find the ratio of income to house spend over simplistic. It all comes down to your individual situation and how you spend your money. First figure out your net monthly income. For example maybe it's $5k Then figure out your monthly spend on everything you need. Maybe that's $2k. Build a ...
by Kow
Wed Jul 11, 2018 5:15 am
Forum: Personal Finance (Not Investing)
Topic: Compensation
Replies: 21
Views: 4010

Re: Compensation

You can look at glassdoor.com or a similar website to get an idea, especially if your job is a more standard job. You generally won't see raises in line with cost of living increases, that's not how it works. Generally adjustments will happen as the cost of the labor market is changing, not living. ...
by Kow
Mon Apr 30, 2018 5:37 am
Forum: Personal Finance (Not Investing)
Topic: Help automating finances for low income sibling who is bad with money
Replies: 10
Views: 1679

Re: Help automating finances for low income sibling who is bad with money

OP, please tell us more. Does your sibling qualify for any government assistance? Since you mentioned you are the trustee, is there already a trust set up? There is a trust in my mom's will, with me as the trustee. No current trust is set up. Also no government assistance as of yet as has been deni...
by Kow
Sun Apr 29, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help automating finances for low income sibling who is bad with money
Replies: 10
Views: 1679

Re: Help automating finances for low income sibling who is bad with money

NYC - He is able to live on his own and is not at the "special needs" level though has significant difficulty holding down a job / interacting with others based on some very certain diagnoses. Some of his funds should be going to pay for his bills so how would they get that money from him each month...
by Kow
Sun Apr 29, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Help automating finances for low income sibling who is bad with money
Replies: 10
Views: 1679

Help automating finances for low income sibling who is bad with money

I have a sibling who earns minimum wage and struggles with money management despite receiving help from across the family including a paid off house. I'm looking for ways to share with my parents assist in the management of his money so he can not continue to make poor, short sighted decisions. For ...
by Kow
Tue Apr 24, 2018 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 12947

Re: Salary Negotiation gone sour

My experience from both sides, employee and hiring manager. Unless you are an exceptional candidate or the need is great. It is not so much a negotiation as it is, Offer -> Counter Offer -> Final Offer. The candidate only has their own decision to make. Companies are different. Once you start jerki...
by Kow
Thu Mar 22, 2018 9:44 pm
Forum: Personal Investments
Topic: Simple investment plan for 80 yr old in assisted living?
Replies: 12
Views: 3270

Re: Simple investment plan for 80 yr old in assisted living?

I'm dealing with a parent who is being kicked out of his assisted living facility due to being too much of a fall risk. Make sure to set a plan for getting into the nursing home of your choice before the time comes. Sometimes that requires a couple years of private pay first. The assisted living wil...
by Kow
Tue Mar 20, 2018 8:22 pm
Forum: Personal Investments
Topic: Simple investment plan for 80 yr old in assisted living?
Replies: 12
Views: 3270

Re: Simple investment plan for 80 yr old in assisted living?

As you are building out your plan, make sure you consider that the cost of assisted living could rise dramatically each year (5-10%) so I recommend asking the facility how rates have increased the last few years to get a better sense. Also I'd expect care needs are going to increase as the dementia ...
by Kow
Wed Mar 14, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should a recent college grad look for a job in the Bay Area or Texas?
Replies: 39
Views: 3689

Re: Should a recent college grad look for a job in the Bay Area or Texas?

Texas, specifically Dallas fort Worth area is the safe choice. The job market is growing and you can afford with mid level jobs to have a house and savings if that's the goaL. San Fran will be immensely more difficult to get by. But if you want to be in an industry focused in that area then it may m...
by Kow
Wed Feb 28, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Possible career change - move to HCOL area and salary expectations?
Replies: 15
Views: 2211

Re: Possible career change - move to HCOL area and salary expectations?

You likely will not be able to live the same lifestyle. Salaries are not adjusted for the cost of living in the area you move to. Companies will look for the standard pay in the job market which does not keep up with cost of living. I'd expect a 20% increase if it's a similar type company. The big x...
by Kow
Mon Feb 26, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: What is your credit score?
Replies: 38
Views: 2563

Re: What is your credit score?

FICO says 831
Mint says 803 (using TransUnion data)

Not sure why they are so far off.
by Kow
Fri Feb 16, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: Summer Camps in Maine
Replies: 6
Views: 834

Re: Summer Camps in Maine

I had the pleasure of attending and working at a summer camp in Maine. They can absolutely be pricey, the top ones may be 2x the price you mentioned but also were absolutely the best summers of my life. My parents afforded it in truly Bogleheads fashion by working their and having their kids go for ...
by Kow
Sun Jan 28, 2018 7:37 am
Forum: Personal Investments
Topic: 401k or 403b for part-time spouse
Replies: 6
Views: 490

Re: 401k or 403b for part-time spouse

Thanks everyone! That's what I was figuring but never want never want to leave any unknown benefits on the table! I appreciate the responses.

Also, when I went back to my post I realized there was a better way to word it. Full time spouse. Working full time, plus part time for a paycheck. :D
by Kow
Sat Jan 27, 2018 6:10 pm
Forum: Personal Investments
Topic: 401k or 403b for part-time spouse
Replies: 6
Views: 490

401k or 403b for part-time spouse

My wife is going back to work part-time and has the option to contribute to either a 401k or 403b. We are lucky enough to be able to 100% invest her earnings into one of these accounts and we expect her annual earnings will be just under the $18.5K pre-tax max. Both plans have the same funds, allow ...
by Kow
Mon Nov 06, 2017 3:13 pm
Forum: Personal Investments
Topic: 529 - Colorado resident
Replies: 1
Views: 330

529 - Colorado resident

Hi everyone, I just received a question from my brother who just became a new parent. I want to confirm my analyses and see if I was missing any other angles. The question was would he be better off using a Colorado or California 529 plan? He and his family lives in Colorado but I wouldn't count on ...
by Kow
Tue Apr 11, 2017 4:42 pm
Forum: Personal Investments
Topic: Portfolio Review and Advice
Replies: 6
Views: 893

Re: Portfolio Review and Advice

Livesoft, As I'm revisiting this topic post tax time and looking at my 2016 1040, how do you minimize your interest to under $10? Are you not keeping any assets in cash / no emergency savings that are interest bearing? When I try to improve tax efficiency, I look at my Form 1040 Schedule B. I try to...
by Kow
Thu Jan 19, 2017 10:11 am
Forum: Personal Investments
Topic: Portfolio Review and Advice
Replies: 6
Views: 893

Re: Portfolio Review and Advice

When I try to improve tax efficiency, I look at my Form 1040 Schedule B. I try to have less than $10 in interest in the top half. In the bottom half, I try to only have qualified dividend income and no non-qualified dividend income. QDI gets a favorable federal tax rate, while NQDI gets taxed effec...
by Kow
Thu Jan 19, 2017 10:05 am
Forum: Personal Investments
Topic: Portfolio Review and Advice
Replies: 6
Views: 893

Re: Portfolio Review and Advice

Stinkbug wrote:Wouldn't it be more tax efficient to keep the bond funds in your 401k and equities in the taxable accounts?
Agreed, had that turned around. Have updated my question
by Kow
Thu Jan 19, 2017 8:33 am
Forum: Personal Investments
Topic: Portfolio Review and Advice
Replies: 6
Views: 893

Portfolio Review and Advice

I've been reading the site for a few years now and have done all the basics that are recommended but am looking for some additional guidance on whether I'm in the right investments and how to be as tax efficient as I can. I feel like I'm making great progress with large thanks to this forum and am h...
by Kow
Thu Dec 29, 2016 9:13 am
Forum: Personal Finance (Not Investing)
Topic: How to maximize my retirement savings
Replies: 4
Views: 897

Re: How to maximize my retirement savings

Yes, we will be contributing 100% to 403b for January. Our brokerage account is split completely between VTI, BND and VEU (@ TD Ameritrade) I guess with a backdoor Roth, I'm not really understanding the benefits of doing so. Is it only that any earnings on investments would not be taxed until retire...
by Kow
Thu Dec 29, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: How to maximize my retirement savings
Replies: 4
Views: 897

How to maximize my retirement savings

My wife will stop working in early January (6 months pregnant!) as we've recently moved into a new house that is a few hour commute from her current job. She is not planning on going back to work until at least the end of 2017 but will have 1 paycheck in January 2017. She has been contributing to he...
by Kow
Wed Nov 23, 2016 12:04 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 8568

Re: How Much Housing Payment Can a Boglehead Afford?

To put a little more structure into everyone's comments, I think you have to go down the list for an individual situation and see how much you have left for housing based on all of the other factors on your priority list. And potentially adjust your priorities if you don't have enough for housing as...
by Kow
Mon May 30, 2016 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax rates and choosing a town to buy a house
Replies: 3
Views: 689

Property tax rates and choosing a town to buy a house

My wife and I are looking to buy a house in NJ (we rent in NYC currently) and one of the surprising things to us has been the huge differences in property tax rates town over town. We were already aware of the high property value also but the taxes in some towns are even higher than I could have ima...