Search found 51 matches

by Ollie123
Fri Jun 22, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 149
Views: 9472

Re: What is/ was your career and would you recommend it now?

Very interesting thread. PhD Researcher in a Top 10 Medical School. Clinical psychologist by training, but largely functioning as a neuroscientist these days. I genuinely don't know if I would recommend it right now. I am utterly miserable and strongly considering leaving, but what holds me back is ...
by Ollie123
Fri Apr 20, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Interesting vs higher paying job
Replies: 40
Views: 3232

Re: Interesting vs higher paying job

I'm an academic (PhD at a top private university). I routinely vacillate on this same issue, so can relate. Solidly in academia (assistant prof), but considering leaving. Others are right that the bureaucracy can be absolutely soul crushing. I don't really do science anymore. It just seems to be get...
by Ollie123
Fri Mar 23, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 14253

Re: Working till retirement is not a great plan

I do believe much of this is dependent on field. There is (in my view) a fairly excessive amount of anxiety surrounding age discrimination on this board, but I think its notable that most of those people seem to be in tech. Those individuals do not seem to keep in mind that at least some of this may...
by Ollie123
Fri Mar 09, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: To Move or Not To Move - Couldn't be more of a Coinflip! (Help Please)
Replies: 82
Views: 7287

Re: To Move or Not To Move - Couldn't be more of a Coinflip! (Help Please)

Fellow academic (and possibly right up the road if your username is your employer and not where you did you training). Some additional things to consider I didn't see mentioned: 1) Hard money vs. soft money? Assume hard in physical sciences, but may not be. I bring up because you mention ease of get...
by Ollie123
Fri Feb 23, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 17697

Re: Defining "House Poor"

My definition is pretty simple, albeit vague - spending so much on a house it is difficult to save and/or spend on other things. We are house poor by some people's definitions and doing great by others (early/mid 30's, mortgage ~1.5x annual salaries). We absolutely bought more than we need. We also ...
by Ollie123
Thu Feb 15, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Selling my home and investing more?
Replies: 2
Views: 447

Re: Selling my home and investing more?

We don't have a ton of information here, but my take... be done with maintenance This is a reasonable reason to sell a paid-off home. downsizing to a rental...to save and invest more This is a bad reason to sell a paid-off home unless you explicitly want to downsize to a rental or are in a desperate...
by Ollie123
Sun Feb 11, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 7740

Re: Does it ever make sense to buy a new car?

You had a great post that I really enjoyed reading. People that are good with money management (like BHs) tend to be adverse to spending any money on vehicles --- it's not a bad thing in light of people that make terrible financial decisions buying new cars and rolling over negative equity, but als...
by Ollie123
Sun Feb 11, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 7740

Re: Does it ever make sense to buy a new car?

After reading quite a few of these discussions months ago while we were on the market for a car, I'm again struck by the imprecision of "rules of thumb" for car purchases, just like when it comes to buying a house/saving for retirement/etc. Really, I think the only rule that makes sense is "live ben...
by Ollie123
Wed Jan 24, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: Lawn service etiquette
Replies: 36
Views: 4040

Re: Lawn service etiquette

Many thanks to all who replied. Just to close the loop - spoke with several neighbors and the lawn guy. Not sure what is going on with the price variation reported here, but we are seemingly getting a fair price as others reported similar values. Suspect it has to do with our landscaping - this was ...
by Ollie123
Tue Jan 23, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: Lawn service etiquette
Replies: 36
Views: 4040

Re: Lawn service etiquette

Possible we're being taken advantage of, but they had 4 guys who seemed to be working pretty hard for multiple hours so I'm a little doubtful. We have fairly complex landscaping in the front and back, spread over maybe a third of an acre (another half acre is mostly wooded so relevant from a cleanup...
by Ollie123
Tue Jan 23, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Lawn service etiquette
Replies: 36
Views: 4040

Lawn service etiquette

Interested to hear thoughts on the following situation. We have a relatively "full service" lawn care "company" (father/son team, I don't even think they have a company name). They are generally fantastic. Weekly mowing, yard cleanup, leaf blowing, seeding, etc. We have some issues with dead spots o...
by Ollie123
Thu Jan 18, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 5956

Re: To the doctors on the forum

Yup. Depends on the contract obviously, but everyone I've seen would not allow what is being done. Shouldn't impact you in any way Gus (as that's between the doc and insurer) and certainly not trying to dissuade you from negotiating in the future. Just trying to set some expectations for likely succ...
by Ollie123
Thu Jan 18, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 5956

Re: To the doctors on the forum

Gus - obviously can't speak to your exact situation, but believe it or not they are quite likely not allowed to do that based on their insurance contract. So be prepared for some potential issues down the line by going that route (including their billing department giving them a flat out "no" and bi...
by Ollie123
Thu Jan 18, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 5956

Re: To the doctors on the forum

Not a doctor, but am a healthcare provider who bills (psychologist) in a hospital. Wife works for a major insurer, so we have a fairly unique perspective/insight:) Folks above who mentioned the incredible complexity are spot on. The complexity of this cannot be understated. As a psychologist, there ...
by Ollie123
Thu Dec 14, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: I’ve made huge errors and hope it’s not too late
Replies: 35
Views: 5291

Re: I’ve made huge errors and hope it’s not too late

When I read "huge error" I was expecting you were 250k in the hole and about to lose your house and declare bankruptcy. This is clearly a bogleheads "huge error", which is kind of like the kid in class who gets a 95% on the exam and is absolutely furious they didn't get a 100%. Your situation isn't ...
by Ollie123
Fri Aug 25, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: HSA for out-of-network
Replies: 4
Views: 555

Re: HSA for out-of-network

Would this "qualify" as a mistaken distribution though? The examples all seem to imply this being due to errors on behalf of the provider overcharging, but this was an expected reimbursement from our insurance for out-of-pocket costs...
by Ollie123
Fri Aug 25, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: HSA for out-of-network
Replies: 4
Views: 555

HSA for out-of-network

Hi all, Any advice on how to handle this? For a variety of reasons not worth getting into, we decided to go out-of-network for some healthcare. We (perhaps foolishly) used our HSA card to pay for it. We can submit to our insurance and get reimbursed for a portion of the cost of this out-of-network p...
by Ollie123
Wed Aug 09, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 21197

Re: Life at crossroads. What would you do ?

Is there some sort of toxin in the water in the bay area? If you are just attached to an area (for whatever reason) and don't want to move that is one thing, I get it. However, this seems to go well beyond that to some almost surreal detachment from reality. Have you ever traveled for business or sp...
by Ollie123
Wed Jun 07, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Tip Toeing through Summertime 0% auto financing...
Replies: 14
Views: 1985

Re: Tip Toeing through Summertime 0% auto financing...

We just bought a Subaru Forester. 0% for 48 months. Dealer said that was the only "rebate" option they had right now - I did some digging and wasn't able to find anything that suggested otherwise, so we jumped on it. Even a standard big-bank savings account would beat that rate, so why not. We bough...
by Ollie123
Mon Jun 05, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: Problem contractors and credit
Replies: 5
Views: 647

Re: Problem contractors and credit

Nothing was signed in advance (my understanding is that contracts are atypical in this industry except for large jobs). I think it was mostly arranged via phone/email communication. Certainly seemed to be a misunderstanding RE: paint. That doesn't worry me much, though I would "think" someone provid...
by Ollie123
Mon Jun 05, 2017 3:25 pm
Forum: Personal Consumer Issues
Topic: Problem contractors and credit
Replies: 5
Views: 647

Problem contractors and credit

Curious how board members would handle this situation. We recently hired a window cleaner prior to moving into a new (and first - hence my inexperience dealing with these folks!) home. They came out for an estimate, but just walked around the outside of the home and took a cursory look at the window...
by Ollie123
Wed May 31, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting, planning and balance
Replies: 10
Views: 1252

Re: Budgeting, planning and balance

Thanks for the advice all. I'm glad to hear I'm not completely off base thinking this might be on a bad path. One point of clarity - I'm all for buying the car in cash, we're just a little light on cash due to having bought the house 3 months ago. Since the lease is expiring, we have to buy now. I'm...
by Ollie123
Tue May 30, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting, planning and balance
Replies: 10
Views: 1252

Budgeting, planning and balance

Greetings all, Hoping to tap the collective wisdom of this board on our general household budget. Background: We are fairly young (33/32) and recently out of graduate school. We recently bought our first home, did some modest renovations (no major overhauls, but painted the whole thing top to bottom...
by Ollie123
Tue Apr 18, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 6626

Re: Can I afford private school for my kids?

What is your take-home pay like (you say 5k expenses, but is there "surplus" in monthly take-home?). I know discussion seems to have shifted to the pros/cons of private school more generally, but I'm stuck on the finances. Trying to do the math on this and I feel like I have to be missing something....
by Ollie123
Mon Feb 06, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is it better to get a mortgage from a local/small lender?
Replies: 27
Views: 3129

Re: Is it better to get a mortgage from a local/small lender?

Others here have far more experience than I do, but we are about to close on our first home so want to share my experiences. We did end up going with our realtor recommendation and I'm glad we did though I debated for a long time. I did a lot of shopping around, but honestly feel like most of it was...
by Ollie123
Tue Jan 24, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to find a <good> accountant?
Replies: 20
Views: 2650

Re: Best way to find a <good> accountant?

So you have bad experiences with 2 cpas and Turbotax? And 2 time you have reviewed the returns, found errors, and had to amend? Yet you don't want to do taxes yourself? I am perhaps under an illusion that there are at least a few vaguely competent accountants out in the world if I can simply find t...
by Ollie123
Sun Jan 22, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to find a <good> accountant?
Replies: 20
Views: 2650

Re: Best way to find a <good> accountant?

No estate attorney yet, given no kids and that we really just started to have a positive net worth a year ago. Its certainly something else we'll look into, but doesn't seem worth it at this juncture. I'm in the Research Triangle area (North Carolina) in case anyone can offer specific recommendations.
by Ollie123
Sun Jan 22, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to find a <good> accountant?
Replies: 20
Views: 2650

Re: Best way to find a <good> accountant?

Many thanks to you all. Learning to do them myself is certainly the goal, but I view this as part of the process. For a variety of reasons, I'd strongly prefer to find someone experienced to help while I learn the process...simply can't learn it all at once given the multitude of other things I have...
by Ollie123
Fri Jan 20, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to find a <good> accountant?
Replies: 20
Views: 2650

Best way to find a <good> accountant?

Hi everyone, Any recommendations on the best way to find a GOOD accountant for tax preparation and planning purposes? I did them myself as a student when my income was negligible, but now I'm married, earning more, and our situation is becoming progressively more complex by the year (multiple income...
by Ollie123
Fri Jan 13, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 4097

Re: Stay in paid-off starter house vs. dream house+work a few more years

I'd say the answer depends on how much you like your jobs and how flexible it can be (i.e. could you drop to part-time for longer - if that would be desirable?). "Early retirement" means different things to different people. To some that just means financial independence and one or both of you would...
by Ollie123
Fri Jan 06, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Assuage my fears? (Buying a house)
Replies: 12
Views: 1149

Re: Assuage my fears? (Buying a house)

Everything below is moot since you already bought the house but I didn't want to delete it after I spent a bunch of time thinking/typing about it. To clarify, we're in our due diligence/inspection period. We COULD cancel in the next few weeks and only be out ~ $1000. I don't think we will (unless t...
by Ollie123
Thu Jan 05, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Assuage my fears? (Buying a house)
Replies: 12
Views: 1149

Re: Assuage my fears? (Buying a house)

Thanks! That is good to hear. I did neglect to mention that we are hoping our commutes will not be 5x/week indefinitely and we will work from home more as time goes on (particularly if/when we have kids). A bit easier for my wife than I, but every little bit helps. Regardless, your point about the c...
by Ollie123
Thu Jan 05, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Assuage my fears? (Buying a house)
Replies: 12
Views: 1149

Assuage my fears? (Buying a house)

So, for a variety of reasons (including advice from the last thread) we pulled the trigger and just went under contract on our first home. I think I've made peace with the issues I raised last time RE: the push for the down payment. Summary (for those who don't want long version): Went with hearts o...
by Ollie123
Fri Dec 09, 2016 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Physician went out of network. Now I have a bill to pay. What to do
Replies: 94
Views: 8049

Re: Physician went out of network. Now I have a bill to pay. What to do

Did the doctor let you know about the acquisition and potential implications? For your sake and the sake of your credit (they absolutely can ding it, though places with flexibility will often consider "medical debt" under a different category than consumer debt when making decisions) I would pay it ...
by Ollie123
Fri Dec 09, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Should you retire early or keep working?
Replies: 28
Views: 4558

Re: Should you retire early or keep working?

I'm often struck by these discussions - as with many things, I think the answer is "it depends." I'm an academic. I'm admittedly a young one (so there is still time for bitterness to grow!), but as of right now I adore my job. I'd do it for free if I didn't need money to survive. I contribute to mak...
by Ollie123
Thu Dec 08, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 53
Views: 6725

Re: Spouses and spending styles...

Does that 20% savings rate mean at the end of the year, that whole amount is still there in the emergency fund or retirement accounts or the downpayment savings account? Or is it that 20% isn't specifically budgeted in monthly regular expenses and you two use it as needed to go on vacations or splu...
by Ollie123
Tue Dec 06, 2016 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 53
Views: 6725

Re: Spouses and spending styles...

Unless you're sure you have very secure jobs, I'm not sure $350k house is advisable on $170k income. But OTOH, I'm very conservative in money matters. Really? Even the fairly money-conservative folks I've spoken to think we are in a very safe range. Heck, we should be just a bit shy of meeting Dave...
by Ollie123
Mon Dec 05, 2016 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 53
Views: 6725

Re: Spouses and spending styles...

Wow... a lot of helpful additional information here. (How long have you been married? There are often "adjustments", no surprise, but it's how they are handled that really matters.) Closing on 4 years. Again though, much of that was as "students" and I feel like we are just learning to be "married ...
by Ollie123
Mon Dec 05, 2016 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 53
Views: 6725

Re: Spouses and spending styles...

First question: How old are you both? 33/32 And approximately how much have you saved for retirement, and also for anything else (how much is really in that emergency fund now)? Right now only ~32k in collective retirement accounts, but that's because we both just 'really' started our careers in the...
by Ollie123
Mon Dec 05, 2016 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 53
Views: 6725

Re: Spouses and spending styles...

Your wife sounds like a planner. Constantly planning for the next event of their life. Some planners usually don't feel like life is happening unless they are striving for some sort of goal. You sound like me in the sense that life never stops, and there is already enough decisions to make, so why ...
by Ollie123
Mon Dec 05, 2016 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 53
Views: 6725

Re: Spouses and spending styles...

I fully agree with the idea of building up the EF. That was actually one of our goals until she decided we were going to stop doing that so we could deflect more savings to the "house fund" to buy that sooner. You can see where I'm going with this;) @Mathwizard - could you provide a little more clar...
by Ollie123
Mon Dec 05, 2016 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 53
Views: 6725

Re: Spouses and spending styles...

Thanks to you both for the quick replies. I fully agree we are not in "huge gulf" territory. None of these things are "crises" or anything close to that - like I said its just about our spending styles. I'd save up 5k for a vacation and then take it. She'd take the vacation and allocate 5k for it fr...
by Ollie123
Mon Dec 05, 2016 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 53
Views: 6725

Spouses and spending styles...

Curious how others here handle it, since it is a common source of disagreement in couples. Hoping this is still considered appropriate for the board since I guess its probably more about interpersonal issues than financial ones. Wife and I are probably in great shape by typical American standards (s...
by Ollie123
Mon Nov 07, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Planning around consulting income
Replies: 4
Views: 699

Planning around consulting income

Hi all, Recently landed a consulting gig that should provide some nice side-income for a window of time. I'm not sure I have the time (or interest) to grow this into a steady income stream, but I'm pretty well-poised to do so and have some flexibility in my primary job (academia) so we'll see what h...
by Ollie123
Wed Oct 26, 2016 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Figuring out the next steps...
Replies: 9
Views: 1243

Re: Figuring out the next steps...

czr: Sorry if that wasn't clear - our house savings are separate from the emergency savings. ~25k right now and we're adding another 1500 a month, plus planning to use my wife's bonus and any tax returns we get to top it off. Depending on when my promotion comes through, any additional income goes s...
by Ollie123
Tue Oct 25, 2016 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Figuring out the next steps...
Replies: 9
Views: 1243

Re: Figuring out the next steps...

Well thank you all. It certainly helps to hear we aren't as far behind as I imagine. This board and other personal finance boards (MMM) can be a bit intimidating! They make it seem like everyone is saving > 50% of their salary starting from age 22 and it has me feeling tremendously behind on life. I...
by Ollie123
Mon Oct 24, 2016 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Figuring out the next steps...
Replies: 9
Views: 1243

Figuring out the next steps...

Hi everyone, I’m posting our situation in the hopes that you can advise us how to proceed. I like to think we are in good shape relative to many our age, but I guess that is part of what I am looking for input on. Perhaps more to the point, I’m taking a growth mindset here. So regardless of what our...
by Ollie123
Wed Aug 31, 2016 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Elder care expenses
Replies: 15
Views: 2000

Re: Elder care expenses

Many thanks to you all for the input and the kind words. In reply to some of the questions: reality is that no, there are really no alternatives - my wife is deadset on them moving here. Her grandparents went through some significant health problems and this solidified her views that she can't imagi...
by Ollie123
Mon Aug 29, 2016 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Elder care expenses
Replies: 15
Views: 2000

Re: Elder care expenses

On top of that one! Basically - they would need to become citizens first to be eligible for medicaid, which could occur at the earliest 5 years after they move here. In the intervening period, we will have signed immigration documents indicated we are financially responsible. I'd need to overcome so...
by Ollie123
Mon Aug 29, 2016 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Elder care expenses
Replies: 15
Views: 2000

Re: Elder care expenses

Thanks for the response. I have seen some of those posts and that is part of what makes this concerning - we are basically proposing to do the opposite! I'm actually not entirely convinced they are "unemployable" though I'm not certain they could work for the 10 years needed to qualify for social se...