Search found 1319 matches

by sailaway
Sun May 31, 2020 4:11 am
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 4
Views: 290

Re: Chase reducing credit card limits

This is what many of us have been warning about whenever folks say they will just use credit as their emergency fund. CC limits get cut and HELOCs get cancelled when the economy isn't thriving.

If you plan to use it, you may be able to contact them, otherwise, I would just let it go down.
by sailaway
Sat May 30, 2020 7:52 pm
Forum: Personal Consumer Issues
Topic: Carolina/Virginia Summer Vacation
Replies: 56
Views: 2575

Re: Carolina/Virginia Summer Vacation

Please don’t come to Hilton Head. You might want to lock yourself in your house for the vacation season as Hilton Head is expecting a lot of tourists this year. Let the rest of us live our lives and take any risks we deem necessary associated with same. We are talking about a pandemic, not cliff di...
by sailaway
Sat May 30, 2020 6:49 pm
Forum: Personal Consumer Issues
Topic: Suggestions for a comfortable desk chair on a budget
Replies: 14
Views: 583

Re: Suggestions for a comfortable desk chair on a budget

After much trial and error, DH has settled on one of our dining room chairs.
by sailaway
Sat May 30, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 10117

Re: Are your personal expenses down during stay home and shelter?

Anyone else not renewing their car registration for the upcoming year? Just saved myself $300 by filling for "planned non-operation" with the DMV. Will call the insurance company next. Nope, still need groceries and delivery isn't reliable around here. Also, no way to indicate that I want tofu or s...
by sailaway
Sat May 30, 2020 8:32 am
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 76
Views: 4814

Re: 1:1 salary and stock jobs?

My first hand experience in mega corps in a variety of industry lies is that the first level of true executive is when you get your first rsus and them + bonus tends to be at 1:1 to base. Then as you go up (keep in mind there isn’t much “up” left; maybe 2-3 promos and you’re up for the ceo job), th...
by sailaway
Fri May 29, 2020 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Am I spending too much on rent?
Replies: 13
Views: 1254

Re: Am I spending too much on rent?

Your rent is fine as a portion of your income. If it bothers you, in most HCOL, the best way to save on rent is to get a roommate or rent a room in someone's house. In our area, there is generally about a 5% difference between studios and 1 bedrooms, and a 10% difference between 1 bedroom and 2 bedr...
by sailaway
Fri May 29, 2020 3:39 pm
Forum: Personal Investments
Topic: Should we get back into Wellsley and Wellington?
Replies: 14
Views: 1558

Re: Should we get back into Wellsley and Wellington?

Given your past actions, have you looked into an annuity?
by sailaway
Fri May 29, 2020 3:19 pm
Forum: Personal Investments
Topic: Time for a new house?
Replies: 35
Views: 2479

Re: Time for a new house?

Have you calculated the additional costs of the larger house and yard? Are you comfortable with the effect they will have on the budget? Can you rent out a house in your neighborhood for an amount that makes it work? Is 10% of your savings a reasonable buffer for you if you have to spend a month or ...
by sailaway
Fri May 29, 2020 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Two accountants disagree - Bogleheads for the tiebreaker
Replies: 64
Views: 3636

Re: Two accountants disagree - Bogleheads for the tiebreaker

This isn't only horrible for the wife if they split. What if he dies too young to have built up substantial credits for her to benefit from as a widow, but old enough that she doesn't have time to build up her maximum credits? Or he dies and she has no income history but wants credit for some reason...
by sailaway
Fri May 29, 2020 11:10 am
Forum: Investing - Theory, News & General
Topic: Rebalancing -- IPS Clarification Needed
Replies: 37
Views: 2017

Re: Rebalancing -- IPS Clarification Needed

We add all new funds to equities and rebalance twice a year.

I know there are some concerns about maximizing, but in volatile times, I found this to be a relief as I watched people make some pretty brash decisions one way or the other.
by sailaway
Fri May 29, 2020 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Two accountants disagree - Bogleheads for the tiebreaker
Replies: 64
Views: 3636

Re: Two accountants disagree - Bogleheads for the tiebreaker

Wouldn't retirement accounts be an additional consideration?
by sailaway
Fri May 29, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 105
Views: 6824

Re: Simple jobs during FATFire?

To be honest I don't understand how 90+% of those who FIRE before 50 believe they are FI or can actually live the lifestyle to which they aspire. It just seems like most are headed for a hard landing later in life when there is little chance of recovery. In many ways it just seems like a different ...
by sailaway
Fri May 29, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 105
Views: 6824

Re: Simple jobs during FATFire?

How is FATfire different from FIRE? https://www.financialsamurai.com/what-is-fat-fire-best-way-to-retire-early/ Fat FIRE allows you to: * Live in the most expensive cities in the world which all have wonderful culture, food, nightlife, entertainment, schools, and arts * Live in a comfortable house ...
by sailaway
Thu May 28, 2020 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 105
Views: 6824

Re: Simple jobs during FATFire?

We are doing FIGS - Financially Independent Going on Sabbatical.

But we do have the FIRE movement to thank for convincing us to put in a few more years to get to FI, rather than just going on sabbatical and hoping for the best when we we need more money.
by sailaway
Thu May 28, 2020 2:25 pm
Forum: Personal Investments
Topic: Have you been following your IPS?
Replies: 36
Views: 1499

Re: Have you been following your IPS?

Of course! The whole point of the IPS is to limit the number of decisions I have to make so that I can put that energy to better use than trying to predict the market!
by sailaway
Thu May 28, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to value "lower than market rate" property tax of your house?
Replies: 11
Views: 591

Re: How to value "lower than market rate" property tax of your house?

unclescrooge wrote:
Thu May 28, 2020 1:02 am
HEDGEFUNDIE wrote:
Thu May 28, 2020 1:00 am
I’m assuming this is CA. Can’t you bring your old assessment with you to the new house?
I think that's only available to those who are 55 and older.
It also applies to downsizing, not upsizing.
by sailaway
Wed May 27, 2020 7:26 pm
Forum: Personal Consumer Issues
Topic: The Pros and Cons of sitting on an iPhone 11 Pro
Replies: 27
Views: 1963

Re: The Pros and Cons of sitting on an iPhone 11 Pro

I don't think there are any pros. That being said, it might be possible to do so without damage, but just like sitting on your wallet, it won't actually be comfortable or good for your body. As a woman, this is what yoga pants with side pockets are good for. Cargo pants often have a similar thigh po...
by sailaway
Wed May 27, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Co-owning home
Replies: 3
Views: 396

Re: Co-owning home

Will you all four be on the deed? IE, what happens if your wife passes before her parents?

If they can't really afford the remodel, how many millions will they be leaving in the future? Is "gift tax" really a concern?
by sailaway
Wed May 27, 2020 5:54 pm
Forum: Personal Investments
Topic: Betterment liquidated my investments without my authorization
Replies: 75
Views: 5242

Re: Betterment liquidated my investments without my authorization

When I google "will betterment transfer in kind" the first hit is a Betterment FAQ that says "At this time, we aren't able to transfer IRAs in-kind to your new provider."

By agreeing to the terms, you did give them your authorization. They do not profess to have a system for an in kind transfer out.
by sailaway
Wed May 27, 2020 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Small Estate in CA and Probate
Replies: 17
Views: 1061

Re: Small Estate in CA and Probate

In CA, if someone dies intestate , their spouse inherits the communal property, but any separate property that does not have a beneficiary set up is split between the spouse and children.

That might be something to watch for.
by sailaway
Wed May 27, 2020 10:32 am
Forum: Personal Finance (Not Investing)
Topic: my last chance to use a 401k for mega backdoor roth
Replies: 5
Views: 352

Re: my last chance to use a 401k for mega backdoor roth

thanks,did a little more research, as I understand it I'd have to: - move my sep/ira into my employers 401k - max out pre-tax contributions (I'd have to check on contribution limits per paycheck) - make after tax contributions to 401k (if allowed) - withdraw after tax contributions to roth (if allo...
by sailaway
Wed May 27, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 105
Views: 6824

Re: Simple jobs during FATFire?

If you are working part time for money you are not retired. Clearly you aren't up with the new trends. The 60 somethings around here dream of retirement jobs simply because they don't know how to be engaged without getting paid. "He is going to retire as soon as he figures out his retirement job" i...
by sailaway
Wed May 27, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 105
Views: 6824

Re: Simple jobs during FATFire?

If you are working part time for money you are not retired. Clearly you aren't up with the new trends. The 60 somethings around here dream of retirement jobs simply because they don't know how to be engaged without getting paid. "He is going to retire as soon as he figures out his retirement job" i...
by sailaway
Wed May 27, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: my last chance to use a 401k for mega backdoor roth
Replies: 5
Views: 352

Re: my last chance to use a 401k for mega backdoor roth

There are a lot of "depends." Depending on your tax situation, you may want to max out the deductible contribution, then make after tax contributions. The ability to do both will depend not only on your income, but also on any limitations to per paycheck contributions. If your health insurance invol...
by sailaway
Tue May 26, 2020 9:26 pm
Forum: Personal Consumer Issues
Topic: Robot vacuums
Replies: 28
Views: 1711

Re: Robot vacuums

Evidently, Dad starts theirs when he leaves the house, but if Mom is home, she sends it back to base and uses the Swiffer.

The latest news is that she moved the base, so I assume it has to learn all over again now.
by sailaway
Tue May 26, 2020 8:41 pm
Forum: Personal Investments
Topic: How do I invest for my retired mom?
Replies: 16
Views: 1197

Re: How do I invest for my retired mom?

Let her keep her money where she is comfortable and help her find other resources to stretch it. Meal programs, utilities assistance, whatever is available in your area.
by sailaway
Tue May 26, 2020 6:01 pm
Forum: Personal Investments
Topic: Claiming life insurance policy
Replies: 4
Views: 521

Re: Claiming life insurance policy

I am not a lawyer, but I think you would be in a much better position to declare the insurance as an inheritance, which you usually don't have to share. Failing to disclose it might result in a whole mess of issues, including having to start the whole process over again, with even more bad faith tha...
by sailaway
Tue May 26, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 76
Views: 4814

Re: 1:1 salary and stock jobs?

If you were given the choice between a $200k job that’s all based salary, and a $400k job that is half base half stock, are you saying you would take the former? Well that's not really a fair comparison though, is it? Obviously in that false dichotomy the 400k half and half job has all the upside a...
by sailaway
Tue May 26, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 76
Views: 4814

Re: 1:1 salary and stock jobs?

For most of these companies, are the RSA’s guaranteed unless you voluntarily resign prior to vesting? What happens if you are laid off, or let go due to lack of performance? Usually, the RSUs are forfeit, unless layoffs have been carefully negotiated or you are eligible for retirement, even if this...
by sailaway
Tue May 26, 2020 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 76
Views: 4814

Re: 1:1 salary and stock jobs?

Not really, that is the whole point (so called 'alignment of interest') - you eat what you cook. if owners/shareholders of the company are not doing well, why should you as employee? and , again - nothing here is restricted to tech, tech just happen to be booming last two decades. it is more about ...
by sailaway
Tue May 26, 2020 2:00 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 143
Views: 12455

Re: Pandemic buys that have improved quality of life?

There was corned beef for the first time in ages. I only got two cans, but I seriously thought about hoarding it. I didn't even think of Corned Beef as a pandemic buy, but I have been noticing more and more. I'm about to make my fifth corned beef of the year -- most years I don't get past two. I go...
by sailaway
Tue May 26, 2020 1:48 pm
Forum: Personal Investments
Topic: Rebalancing - More VTSAX, less VBTLX
Replies: 18
Views: 745

Re: Rebalancing - More VTSAX, less VBTLX

Write an IPS, then move to the new allocation and continue to rebalance according to that plan. Will you keep close track and rebalance under specific conditions and percentages? Will you rebalance once a year? Once a quarter? Once a week? Will you consider your balancing needs when adding new funds...
by sailaway
Tue May 26, 2020 1:29 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 143
Views: 12455

Re: Pandemic buys that have improved quality of life?

Baking has become a popular hobby. Especially sourdough baking, which requires copious amounts of flour to get started. Rice was scarce today, but I got a beautiful looking multi grain rice from the Asian section. There was tofu for the first time in awhile, but only soft. No coconut cream for curry...
by sailaway
Tue May 26, 2020 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 76
Views: 4814

Re: 1:1 salary and stock jobs?

As a physician, this is all very fascinating. Thanks for the replies. My compensation is quite a bit more simple... 100% productivity based (exams, surgeries, procedures). The examples so far really seem to have turned out quite favorably. Is there any sort of hedge against poor company performance...
by sailaway
Tue May 26, 2020 1:01 pm
Forum: Personal Consumer Issues
Topic: Cross country road trip from MA to Glacier NP and Yellowstone NP
Replies: 45
Views: 2181

Re: Cross country road trip from MA to Glacier NP and Yellowstone NP

Only if you don't mind answering: How old are you? What is your chances of fighting over a virus infection, compared to the general population? We are considering to drive to the Arches National Park and other national parks from east in June or July. I am assessing our chances of getting infected ...
by sailaway
Tue May 26, 2020 12:30 pm
Forum: Personal Investments
Topic: Should I lump sum some money today?
Replies: 24
Views: 2456

Re: Should I lump sum some money today?

I did.
by sailaway
Tue May 26, 2020 9:09 am
Forum: Personal Investments
Topic: [Is an Investment Policy Statement needed? How do I write one?]
Replies: 50
Views: 1768

Re: POLL: Do you have a written investment plan?

We can both recite our plan, but it is not written down. We did our six month snapshot this weekend and the conversation included how freeing it was to have this plan to stick to when Chicken Littles were screaming in March. Sure, we would have made a bit more if we had rebalanced at the low, but wh...
by sailaway
Mon May 25, 2020 8:53 pm
Forum: Personal Investments
Topic: Looking for insight & suggestions for making money now.
Replies: 4
Views: 600

Re: Looking for insight & suggestions for making money now.

This is not the forum you are looking for.

However, before you leave, I suggest you take a look at the wikis!
by sailaway
Mon May 25, 2020 5:07 pm
Forum: Personal Investments
Topic: Taxable account has higher returns?
Replies: 18
Views: 1512

Re: Taxable account has higher returns?

If you have a solo 401k or after tax contributions, you might look more like this: T401k + match + after tax = $57k IRA = $6k HSA = $3.5k Taxable = $53.5 With the above, an individual will add more to tax sheltered accounts each year than to taxable for your $10k a month. Roth and HSA will have high...
by sailaway
Mon May 25, 2020 2:43 pm
Forum: Personal Investments
Topic: CA tax treatment of HSA
Replies: 18
Views: 885

Re: CA tax treatment of HSA

If your year end statement shows net gains/losses, that should also include the shares you sold, as well as dividends, capital gains and interest payments. I have to add it all up from the quarterly statements, even though our provider has an office less than a mile away due to serving Megacorp with...
by sailaway
Mon May 25, 2020 10:55 am
Forum: Personal Investments
Topic: Company deferred our 401k Match until 2021
Replies: 9
Views: 605

Re: Company deferred our 401k Match until 2021

I mean, sure it would be nice to save an extra 6% of your salary this year. It might even be relatively easy if you had to cancel vacation plans, aren't driving as much, save the refund from your car insurance, eat out less, etc.

However, I wouldn't bend over backwards to make it happen.
by sailaway
Mon May 25, 2020 3:58 am
Forum: Personal Investments
Topic: How do you retire early if your money is tied up in tax deferred?
Replies: 26
Views: 3583

Re: How do you retire early if your money is tied up in tax deferred?

If you are planning on early retirement, you balance Roth, traditional and taxable accounts as you work towards it. For a six year gap, that can still leave the vast majority in a traditional 401k. If you suddenly realize that you are rich enough to do this or suddenly have the rug pulled out from u...
by sailaway
Sun May 24, 2020 8:30 pm
Forum: Personal Investments
Topic: Time until money doubles
Replies: 26
Views: 2604

Re: Time until money doubles

Are you conflating the percent return with the percent you hold in stocks?
by sailaway
Sun May 24, 2020 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pull a trigger on a home purchase or continue renting?
Replies: 45
Views: 3012

Re: Would you pull a trigger on a home purchase or continue renting?

Was planning home ownership your purpose when you chose to keep so much in cash equivalents? We pay the same rent, although this townhouse would cost us slightly less to buy than what you are proposing. Salary is slightly higher, but RSUs are less. We could easily put down 20%. We ran our own rent/o...
by sailaway
Sun May 24, 2020 5:20 pm
Forum: Personal Consumer Issues
Topic: Does software play a role in choosing TV
Replies: 28
Views: 1320

Re: Does software play a role in choosing TV

I couldn't believe how hard it was to find a TV capable of playing a slideshow from a USB stick when I wanted one for display purposes.
by sailaway
Sat May 23, 2020 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: What do people spend money on?
Replies: 52
Views: 4984

Re: What do people spend money on?

We have been increasing charitable giving over the last few years. We had also planned on spending more on vacations over the next couple of years. Mice and men... We also plan to take a nice long sabbatical, that others might call early retirement. As for happiness, my bike, my yoga mat, and our bo...
by sailaway
Sat May 23, 2020 4:06 pm
Forum: Personal Consumer Issues
Topic: Self Isolating Winter Getaway Ideas
Replies: 19
Views: 1727

Re: Self Isolating Winter Getaway Ideas

Put a yurt in your backyard with a nice heater.
by sailaway
Sat May 23, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Designing a Better Life At Age 40
Replies: 15
Views: 2664

Re: Designing a Better Life At Age 40

What are you basing the $100k expenses on? Your current lifestyle or your projected lifestyle? I cannot recommend quitting your current career without an actual fall back plan, especially in the current economic situation. But I can highly recommend that you figure out what you would like to transit...
by sailaway
Sat May 23, 2020 10:41 am
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 120
Views: 9606

Re: Personal spending out of control after Covid-19

You sound depressed, frankly. Have you sought professional support for that? Other than that, all you can do is make a concerted effort to have a healthy routine. Good, yummy foods at the table, regular movement. Those feel good routines can even help with impulse control. You don't say what age the...
by sailaway
Sat May 23, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: House budget advice
Replies: 10
Views: 919

Re: House budget advice

First, 3500sq ft is already McMansion level. I guess even those have been growing over the last couple of decades? To answer your explicit question, I wouldn't have even chosen your current home because it is too big. So, moving on to a more realistic answer: A home price roughly equal to one year's...