Search found 35 matches

by wandering_aimlessly
Fri Sep 13, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Accountant Salary Growth
Replies: 32
Views: 3597

Re: Accountant Salary Growth

While not a CPA I have been a divisional CFO for manufacturers for the last 13 years (recently moving "out" of finance toward M&A) and have hired plenty of CPAs. Prior to divisional CFO roles I had a number of finance jobs of increasing responsibility in large manufacturers after obtaining an MBA - ...
by wandering_aimlessly
Wed Sep 04, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3365

Re: How often do you receive out-of-sequence pay bumps?

Over the last 25 or so years (3 employers) these happened under two distinct circumstances: Promotion - Generally smaller if promoted within the same company - they have guidelines that have to be followed. Bigger bumps if promoted between companies. Keep in mind the bump may be in base salary, annu...
by wandering_aimlessly
Wed Sep 04, 2019 5:17 pm
Forum: Personal Consumer Issues
Topic: Requesting some general life advice (career, living location, etc.).
Replies: 23
Views: 2309

Re: Requesting some general life advice (career, living location, etc.).

It seems you have put a pretty strong box around your requirements (due to wife's job, your commute, family, desire for area liveliness etc.) - this doesn't sound like a discussion about moving to LCOL region or area far from family. Have you taken the time to thoroughly visit the area in the box? S...
by wandering_aimlessly
Wed Sep 04, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early - am I thinking about this right?
Replies: 127
Views: 11250

Re: Paying off mortgage early - am I thinking about this right?

whodidntante wrote:
Tue Sep 03, 2019 12:17 pm
We are going to figure out the correct answer to this question someday, I just know it. :happy
Gosh I hope not...that would mean we have all lost our individuality and are now using some universal formula to make decisions...too high a price to pay to just all think the same.
by wandering_aimlessly
Wed Jun 05, 2019 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 484
Views: 55646

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

Trained (BS) as a mechanical engineer, served as Navy Officer/Helicopter pilot, transitioned to finance via top 5 MBA program, worked in corporation finance advancing through CFO of large division (approx $2B revenue), transitioned to corporate acquisition integration...next career will be as financ...
by wandering_aimlessly
Tue Apr 23, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 12552

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

Non-financial reasons: generally enjoy my job and find it rewarding, generally enjoy the interaction with coworkers and others work related (etc. etc.). I think the OP meant to ask " If you want to retire and FireCalc shows 100% success rate, what holds you back from retiring?" very different questi...
by wandering_aimlessly
Fri Apr 05, 2019 8:57 am
Forum: Personal Consumer Issues
Topic: Universal Orlando Trip In June 2019
Replies: 34
Views: 2188

Re: Universal Orlando Trip In June 2019

I have been both with my family (stayed offsite for about 4 days in late Dec 2017) and stayed onsite by myself about a month ago for work and had an extra day - so I went by myself. I was tremendously more efficient by myself - the early hours and express access from staying onsite allowed me to com...
by wandering_aimlessly
Tue Apr 02, 2019 5:54 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 15020

Re: Folks in their 60s and above. What early investment on health do you recommend.

@wandering_aimlessly, I don't mean to speak for @yeahman, but there is a big difference between incidental second hand smoke as part of social interactions and living with a chimney smoker for decades. The two biggest situations of second hand smoke is through living conditions and and workplaces. ...
by wandering_aimlessly
Tue Apr 02, 2019 4:57 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 15020

Re: Folks in their 60s and above. What early investment on health do you recommend.

1. Don't smoke. Don't worry about second hand smoke. It may smell bad but it won't kill you. Be careful on this one...My father smoked and had 3 rounds of non life threatening cancer (skin and other) - eventually killed by dementia at age 82. Mother never smoked and ferociously defended his never s...
by wandering_aimlessly
Fri Mar 29, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 16811

Re: How often do you check your net worth?

In total every six months to a year...individual accounts as they are impacted by significant changes (vesting of performance shares, SARS, restricted stock, or receipt of deferred compensation bonus, etc.) primarily just to make sure they got recorded correctly. Can be a pain to wait until tax time...
by wandering_aimlessly
Wed Mar 27, 2019 6:59 pm
Forum: Personal Investments
Topic: Ready to FIRE (But Vultures Be Circling)
Replies: 80
Views: 11174

Re: Ready to FIRE (But Vultures Be Circling)

Congrats - lots of good advice above and you are in excellent shape to handle $100k/year expense rate (or something similar). The bigger question is what do you want to do for the rest of your life? From the age information given you are 1/3 to 1/2 of the way through your life and probably worked fo...
by wandering_aimlessly
Tue Feb 26, 2019 5:18 pm
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 9243

Re: How often do you and your friends change engine oil?

Change???? Oil???

What would I possibly change it into?

I think everyone else has covered every possible frequency and it has been a long day....
by wandering_aimlessly
Wed Feb 20, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 7705

Re: High earners: thoughts on college and aid

A few years of hitting the back nine of six figure salary and a net worth about 10x has left us with no real chance of any need based contribution (a real first world problem I know). Interestingly as the first daughter went off to school I realized the merit allowances given by the schools were the...
by wandering_aimlessly
Tue Feb 19, 2019 10:24 am
Forum: Personal Consumer Issues
Topic: How Much Home Value Added by Finishing Basement?
Replies: 35
Views: 2883

Re: How Much Home Value Added by Finishing Basement?

In my experience a finished basement's value is extremely location (and design) specific. In my experience with 5 different houses from Arizona to Florida to Connecticut they are viewed very differently. If a usable basement is not common, well finished and has its own access (walkout and extensive ...
by wandering_aimlessly
Wed Feb 06, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 109
Views: 12062

Re: Need Help - DW Laid Off and Company wants her back now

Before she figures out the financial piece she might want to figure out other details (especially if she is interested in returning). I basically agree with the "I would let them put the financial stake in the ground approach" that was mentioned earlier...you're still guessing at a lot in the value ...
by wandering_aimlessly
Mon Jan 28, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Career Decision - Asking for help.
Replies: 30
Views: 3027

Re: Career Decision - Asking for help.

I would recommend against making this a compensation question...from your post you don't sound real enthralled with your current opportunity, no compensation level will fix that - it will only make you feel more trapped. I would start now looking at what others are offering, it is surprisingly hard ...
by wandering_aimlessly
Wed Aug 08, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 17343

Re: Will you pay for your kids' college/graduate education?

Will pay for both daughters undergraduates (starting with the first this fall) - we will see about graduate, it looks like I may have substantially more in 529s than is needed for undergrad. First one is going private but cost is actually not to much higher than public...we live in a LCOL state wher...
by wandering_aimlessly
Thu May 17, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: 2018 Yellowstone Trip advice needed
Replies: 20
Views: 1967

Re: 2018 Yellowstone Trip advice needed

As with others, most of us can only comment on what we have done before and hope something in it is helpful... My family and I (2 adults, 2 kids) did a north to south trip through Yellowstone a couple of years ago - my biggest learnings: For us it was worth a small premium to connect beyond Salt Lak...
by wandering_aimlessly
Fri May 11, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Work-life balance
Replies: 68
Views: 9875

Re: Money vs. Work-life balance

Not sure how you are judging the "financial health" of your megacorp. I have been in several publicly traded megacorp finance orgs for over 20 years and if you tried to judge the finance situation by the number of times management has taken actions (RIFs or others) to reduce costs you would think al...
by wandering_aimlessly
Tue May 08, 2018 3:09 pm
Forum: Personal Investments
Topic: South Carolina 529
Replies: 1
Views: 207

South Carolina 529

Hoping there may be a South Carolina 529 expert on here (or someone with experience)... The SC 529 allows contributions from residents to be state tax deductible with no limit - though I suspect you could have to use the 5 year gift exemption to really take advantage of this over a short time. And S...
by wandering_aimlessly
Tue Mar 20, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 5279

Re: Home equity as part of retirement plan

I think this is asking whether your home equity is included in assets you expect to be able to live off of in retirement? Clearly from the larger perspective home equity needs to be considered in a retirement plan - if it is paid off your expenses are likely considerably lower, if not, any equity yo...
by wandering_aimlessly
Thu Mar 15, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Myrtle Beach
Replies: 26
Views: 3328

Re: Thoughts on Myrtle Beach

I'm a Columbia SC resident for the last 10 years...recommend you drive north and south along the Carolina coast from Myrtle - you'll find a wide range of great places. In the end you may find MB is the best for you or not - but at least you'll have explored the options...
by wandering_aimlessly
Thu Mar 15, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Do you think it’s possible to get a job in a big city if I get an MBA from a mediocre school?
Replies: 30
Views: 3167

Re: Do you think it’s possible to get a job in a big city if I get an MBA from a mediocre school?

Most of us can really only offer our own experience - the sum of which is hopefully helpful. Personally I used a top tier MBA program (UPENN) to transition from the Navy to the civilian world (20 years ago)...and it worked out spectacularly (and though I am in finance it was neither banking or Consu...
by wandering_aimlessly
Thu Nov 30, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 19835

Re: A good friend has nearly $1M in BitCoin what do I tell him?

"Congrats" - and switch the subject to something else....
by wandering_aimlessly
Thu Nov 30, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 13014

Re: Why should I donate to my alma mater?

I give something because both my graduate and undergraduate institutions helped make me who I am...I feel no obligation and do it simply as a token thank you (neither school is made or broken due to my giving or lack thereof). This year I got a really "nice" keychain out of it - I laughed...
by wandering_aimlessly
Tue Nov 28, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 54643

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I'll start by saying I don't use anyone, but I notice most folks equate this request to an asset manager...there are (I would like to think) plenty of FA's who believe in a Bogle approach to asset management. Also not sure exactly what constitutes an "FA" in this instance so I will use it in the bro...
by wandering_aimlessly
Tue Oct 17, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: How did you rise into the Executive Ranks?
Replies: 19
Views: 4764

Re: How did you rise into the Executive Ranks?

Not sure what constitutes exec - do you define by salary, by level of mgmt., direct report to CEO only (so someone managing a couple of hundred million dollar division of a multi billion dollar company might not qualify)...etc. I'd include myself in the category as a top exec in a $1B division of a ...
by wandering_aimlessly
Tue Oct 17, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: Organized European Tours for Students
Replies: 13
Views: 1289

Re: Organized European Tours for Students

As others have said I can only comment on what we have done - ultimately the final decision will be up to you and her father. My elder daughter (now a high school senior) has been on school trips to the Galapagos and Italy/Greece (two different trips) but both during high school and both without us ...
by wandering_aimlessly
Wed Sep 27, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 7890

Re: My Smartest Financial Moves

Not a path for everybody but:

Transitioning from military to civilian by getting an MBA at a very recognizable name. Post MBA I was looked at entirely differently by employers. Best $50k I ever spent (invested in myself)...
by wandering_aimlessly
Wed Sep 27, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 132
Views: 22809

Re: My boneheaded financial mistakes

None deadly but we all have our sins: 1) Spending the money my parents saved for college on a new car when I received an ROTC scholarship (back in the 80s) - had to have a new car for flight school. 2) Not understanding options for saving while I was in the military - certainly don't make a lot but ...
by wandering_aimlessly
Thu Aug 31, 2017 4:11 pm
Forum: Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 3711

Re: Deffered compensation plan? risky?

Interesting - I have twice been involved with a salary deferral but both have been standard arrangements (receiving investment upon departure) with large US companies. The earlier one was "guaranteed 9%" and even in a higher interest rate environment was considered exceptional...the current one is i...
by wandering_aimlessly
Thu Jul 13, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 17338

Re: Do you count vehicle equity in net worth?

Included - but as a finance professional using anything but the accounting methodology would be counter intuitive... The much more interesting question to me is how to account for non-traditional assets. A good example is 20 years ago I spent $50k+ for my MBA as part of my transition from military t...
by wandering_aimlessly
Wed Jul 12, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 10978

Re: Do you consider business travel to be a perk or a burden?

A cost of having a more important position... That said it can be mitigated...a trip to China in business class is quite different than in the last row of economy. Being able to keep points for personal use is different than turning them back to the company (have been with both). Repeated stays in s...
by wandering_aimlessly
Mon Jul 03, 2017 12:49 pm
Forum: Investing - Theory, News & General
Topic: When Did You Start Investing Your Own Money?
Replies: 47
Views: 4905

Re: When Did You Start Investing Your Own Money?

Depends on definition of "investing" Started saving about 1970 (about 5 yrs old) as a piece of birthday money always had to go in the bank. Started investing in myself (and minimizing debt) about 1984 as I chose Navy ROTC as a way to pay my way through engineering school with no debt Started Investi...
by wandering_aimlessly
Mon May 15, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 712
Views: 122606

Re: High Earners - What's Your Profession?

Divisional CFO in a LCOL area...wife is PRN PT - in a good year earnings can hit the back 9 of 6 figures but generally we are hitting at about hole 7 or 8. Engineer by training, started as a navy pilot, but earnings really started after graduation from a top MBA program...still considering what to d...