Search found 115 matches

by BostonButterfly
Tue Nov 13, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to value retiree healthcare benefit
Replies: 20
Views: 1067

Re: How to value retiree healthcare benefit

All good points. Thank you.
To answer someone's question here......the job is at a very well known university in Boston. Cambridge actually. I think that reduces the risk somewhat of the benefit being yanked. Never say never, though. I know.
by BostonButterfly
Tue Nov 13, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to value retiree healthcare benefit
Replies: 20
Views: 1067

Re: How to value retiree healthcare benefit

My SWAG would be something like $500 per month in today's dollars for those 7 years (difference of the insurance you'll have access to under the retiree health plan vs. on your own). Or, $42,000 over nine years of employment. About $4,500 per year in value compared to salary. Way too many variables...
by BostonButterfly
Tue Nov 13, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to value retiree healthcare benefit
Replies: 20
Views: 1067

Re: How to value retiree healthcare benefit

Wow.....so you put no value on this benefit? Interesting. Not the answer I was expecting. Obviously nothing is written in stone, but given the healthcare issues in this country, I would expect this benefit to be fairly valuable. I guess maybe not?
by BostonButterfly
Tue Nov 13, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to value retiree healthcare benefit
Replies: 20
Views: 1067

How to value retiree healthcare benefit

My spouse is interviewing for a job that offers retiree healthcare benefit. We have always thought that this benefit would be the golden ticket because healthcare costs are the biggest unknown when retiring, especially retiring early. Now that the opportunity could possibly be here, we would like to...
by BostonButterfly
Mon Oct 29, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Company options and non-compete agreements
Replies: 16
Views: 914

Re: Company options and non-compete agreements

FWIW - the company I work for is essentially a niche consulting company, while the acquirer is a software company.
by BostonButterfly
Mon Oct 29, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Company options and non-compete agreements
Replies: 16
Views: 914

Re: Company options and non-compete agreements

I don't have the non-compete docs yet. I've been warned by the water cooler that its likely coming.
There is a conference call this afternoon for option holders. I expect it will be discussed during the meeting.
by BostonButterfly
Mon Oct 29, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Company options and non-compete agreements
Replies: 16
Views: 914

Re: Company options and non-compete agreements

Wow - well that's not really the response I had expected! Thank you both for chiming in. Much appreciated. Jack - yes, I'm in Mass. Are you saying that in my shoes you would forgo the payout in order to avoid signing a non-compete? And in that case - does that mean I'm out of a job if I refuse to si...
by BostonButterfly
Mon Oct 29, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Company options and non-compete agreements
Replies: 16
Views: 914

Company options and non-compete agreements

I work for a very small private company (20 people) and joined the company three years after it was founded. I’ve been with them for seven years now, and somewhere along the line I was awarded company options. At the time I didn’t really know much about options (still don’t, really) and figured that...
by BostonButterfly
Fri Sep 14, 2018 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 62
Views: 6761

Re: Job burnout - Keep grinding or change?

UncleBogle: I could have written your post. In fact I've recently been contemplating posting the same thing. Everything in your post is exactly the same for me, except I don't have 4 kids to get through college. College costs are in the rearview mirror for us, thankfully. I have no advice.....just w...
by BostonButterfly
Thu Sep 13, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card advice
Replies: 22
Views: 1428

Re: Credit card advice

Thank you all for your input. Much appreciated.
I will close the account, and will leave my remaining card credit limit as is. I'll report back how much it impacts my credit score.....for future reference if anyone has any interest.
by BostonButterfly
Thu Sep 13, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Credit card advice
Replies: 22
Views: 1428

Re: Credit card advice

You should really have more than one credit card for backup too especially when you are traveling since there can be a snafu where your card is declined or compromised and needs to be cancelled. I have two, and wife has two. If I close this one, we will have three between us. One has travel points,...
by BostonButterfly
Thu Sep 13, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Credit card advice
Replies: 22
Views: 1428

Re: Credit card advice

Unless you are in serious consumer debt and need to get even more loans or you are days or weeks away from applying for a home loan I don't understand the obsession with credit score and hard pull versus soft pull. Eliminate a much debt as possible. Credit cards are extremely foolish tools to use t...
by BostonButterfly
Thu Sep 13, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Credit card advice
Replies: 22
Views: 1428

Re: Credit card advice

Its true. I just want to be done with this bank. I guess I'll just close it, accept the hard pull to increase the limit on my other card, and whatever happens to my credit happens. It will be temporary. Will probably never apply for another mortgage (aggressively paying mine down). Only thing in the...
by BostonButterfly
Thu Sep 13, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Credit card advice
Replies: 22
Views: 1428

Re: Credit card advice

I guess I'm less concerned with closing the account than the hard pull to increase the limit on the other card. I suppose if I open a new card, there will be a hard pull on that too. I have not asked the existing issuer to waive the fee. I guess I could try that. Although, the card is through a very...
by BostonButterfly
Thu Sep 13, 2018 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Credit card advice
Replies: 22
Views: 1428

Credit card advice

In my quest to simplify, I'd like to close a credit card that I never use. It does have an annual fee, so if it weren't for that, I'd just let it ride. My first thought was that closing the card will hit my credit score, which I guess is fine, as I have excellent credit. I'd like to think it will be...
by BostonButterfly
Thu Aug 23, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance - Collision premium
Replies: 12
Views: 753

Re: Auto insurance - Collision premium

Hmm. Ok. FWIW, I'm looking at his actual policy, and it is his annual premium. We both have excellent credit, excellent driving records, both married, have the exact same exact car, etc. I now realize that a lot more goes into calculating premium. Even still, ten times the difference seems way wrong...
by BostonButterfly
Thu Aug 23, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance - Collision premium
Replies: 12
Views: 753

Auto insurance - Collision premium

I'm not looking to get way deep into the weeds here, but basically what factors go into the premium for collision coverage on a car? Is it only the car specifically, or do other factors come into play........say location, other coverage, etc? I've recently been going over all of our insurance polici...
by BostonButterfly
Thu Aug 16, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: Chevy Volt for Commute
Replies: 24
Views: 2390

Re: Chevy Volt for Commute

Add me to the all electric camp! LOVE driving electric! Side note: if you're not aware, range will vary widely depending on outside temperature and use of heat/AC. If you live in a place where you deal with cold winters, make sure to factor in that your range will be much less than what you expect d...
by BostonButterfly
Wed Aug 08, 2018 12:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 512
Views: 58820

Re: Post your Financial Milestone Announcements Here

Very excited to share that we hit the 2 comma club in net worth (including home equity)! Our next milestone is 2 comma club in investable assets. It will take several more years, but we're plugging along nicely. Age 48, with a goal of retiring at 58. These forums are such a wealth of information and...
by BostonButterfly
Fri Jun 29, 2018 2:24 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 512
Views: 58820

Re: Pulled the trigger and paid off the house today

I adopted a policy decades ago of wanting everybody other than my immediate, immediate family to think I was on the brink of bankruptcy and would be lucky to keep the house. This conversation is getting off topic, but when does this cross the line into being deceitful? People's money is none of my ...
by BostonButterfly
Fri Jun 29, 2018 1:36 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 512
Views: 58820

Re: Pulled the trigger and paid off the house today

Congratulations! Cheers to you! I am on track for nine more years until mortgage payoff. Seems like a lifetime, and right around the corner at the same time.....LOL. I can't wait to experience paying it off! Long story short, we found out who our "real" friends were as there were quite a few that we...
by BostonButterfly
Fri Jun 22, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: I think I am in trouble...way behind where I should be
Replies: 22
Views: 2632

Re: I think I am in trouble...way behind where I should be

... I have paid back on the order of $400k+, including interest. Nightmare. :shock: OMG! But holy cow, congrats on paying that off!!! You've come to the right place. Stick around here and you'll be glad you did. The folks here are amazing! If it makes you feel better, I spoke with someone just last...
by BostonButterfly
Mon Jun 18, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Diversify within Roth account?
Replies: 14
Views: 1063

Re: Diversify within Roth account?

GerryL - have you decided whether you will take their advice?
by BostonButterfly
Mon Jun 18, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Diversify within Roth account?
Replies: 14
Views: 1063

Re: Diversify within Roth account?

I think you are overthinking it a little. I do keep more than one fund in all accounts that are taking in new contributions, but that is to enable easier rebalancing in the event that one part of my AA over- or underperforms so much that new contributions aren't large enough to rebalance. While thi...
by BostonButterfly
Mon Jun 18, 2018 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Diversify within Roth account?
Replies: 14
Views: 1063

Re: Diversify within Roth account?

Ok - "bet" was the wrong choice of wording. My point is that twenty years from now, I'll look back on the international investment and see that I either chose wisely, or not. If my entire Roth was in one International index fund, and that fund had zero or negative growth over twenty years, then I wo...
by BostonButterfly
Mon Jun 18, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Diversify within Roth account?
Replies: 14
Views: 1063

Diversify within Roth account?

I understand, and do, treat our entire portfolio as one and allocate across the entire portfolio. Currently our Roth accounts hold one fund: FTIPX - Fidelity Total International Index Fund. As I think about adding our 2018 Roth contributions, I love the simplicity of just adding to this one fund. Bu...
by BostonButterfly
Tue May 22, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1708

Re: Difficulty with Parents-In-Law

I agree - this is none of your business. I think the best thing for you to do would be to apologize to this woman. Tell her you honestly believed you were helping, but now understand that its not your business and that from now on you will not pry with financial questions/comments/suggestions. My fa...
by BostonButterfly
Fri Apr 27, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: The Paperless Life
Replies: 45
Views: 4648

Re: The Paperless Life

sheepla wrote:
Fri Apr 27, 2018 10:10 am
Evernote!
Another Evernote fan here!
by BostonButterfly
Thu Apr 26, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Company could be sold soon - Backdoor Roth
Replies: 2
Views: 429

Company could be sold soon - Backdoor Roth

I’ve been getting advice here recently about starting the process to complete a Backdoor Roth contribution this year. The plan that I was about to put into place was to move my rollover IRA into my 401K plan, which would leave me with just a 401K and a Roth account. What is making me hesitate now is...
by BostonButterfly
Wed Apr 18, 2018 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Rollover questions in preperation for Backdoor Roth
Replies: 6
Views: 545

Re: Rollover questions in preperation for Backdoor Roth

Thanks FiveK!
I'm anxious to get this ball rolling!
by BostonButterfly
Wed Apr 18, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Rollover questions in preperation for Backdoor Roth
Replies: 6
Views: 545

Rollover questions in preperation for Backdoor Roth

I am about to rollover a pre-tax IRA from a previous employer into my current employer’s 401K plan in preparation for a backdoor Roth contribution. I have a few questions before I actually pull the trigger. I’d hate to find out the hard way that I should have done things differently. 1. Will my exis...
by BostonButterfly
Sun Apr 15, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: "Volatility is Back"
Replies: 5
Views: 848

Re: "Volatility is Back"

“ If you invest in index funds you cannot outperform the market. But if you invest in active funds, there is a high probability you will underperform index funds.”
by BostonButterfly
Mon Apr 09, 2018 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable or backdoor Roth?
Replies: 20
Views: 1066

Re: Taxable or backdoor Roth?

And this is what makes this forum so GREAT! So much information and different people willing to share different ideas on a poster's situation. Thank you! I've learned more than when I posted my question, and now I've got lots of things I can read up on and work through before I take my next step. Th...
by BostonButterfly
Mon Apr 09, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable or backdoor Roth?
Replies: 20
Views: 1066

Re: Taxable or backdoor Roth?

Got it! Thanks!
by BostonButterfly
Mon Apr 09, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable or backdoor Roth?
Replies: 20
Views: 1066

Re: Taxable or backdoor Roth?

If you have no pre-tax IRA assets then you can make a non-deductible IRA contribution and immediately convert to a Roth IRA with no tax implication. Ok - to make sure I understand what you're saying: If I only have a 401k account and a Roth IRA account, I can open an IRA with a non-deductible IRA c...
by BostonButterfly
Mon Apr 09, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable or backdoor Roth?
Replies: 20
Views: 1066

Re: Taxable or backdoor Roth?

Moto Trojan: I expect our 2018 income to just cross over the threshold where we cannot make Roth contributions. So $5500 ($11k for the two of us) is significant for us. Should I be concerned that this comes at the expense of building a taxable account for use from age 58-62? I know, still so much fo...
by BostonButterfly
Mon Apr 09, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Taxable or backdoor Roth?
Replies: 20
Views: 1066

Re: Taxable or backdoor Roth?

Ok. Thanks for the guidance, everyone. I'll start digging in to all of this and figure out my plan for next steps.
by BostonButterfly
Mon Apr 09, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Taxable or backdoor Roth?
Replies: 20
Views: 1066

Re: Taxable or backdoor Roth?

Thanks for the example. I understand the 90% scenario. But say I can move the rollover IRAs into our existing 401k plans, leaving us with no pre-tax IRA assets. How are taxes calculated then? Obviously, I need to educate myself on Roth conversions. I guess that's my main question. Is working through...
by BostonButterfly
Mon Apr 09, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Taxable or backdoor Roth?
Replies: 20
Views: 1066

Re: Taxable or backdoor Roth?

....... If the amounts aren't too significant for either or both of you, consider a Roth conversion. Or if your current 401k plan(s) accept incoming funds from a Rollover, and the fees aren't terrible in the current 401k plan(s), then consider that also. This would open a Backdoor Roth possibility....
by BostonButterfly
Mon Apr 09, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Taxable or backdoor Roth?
Replies: 20
Views: 1066

Taxable or backdoor Roth?

My spouse and I are fortunate in that we both received salary increases over the past few months, one of which was a fair amount more than expected. The change in our salaries has pushed us to a level where we will make too much this year to contribute to our Roths. So, we have what used to be our R...
by BostonButterfly
Fri Apr 06, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: What is Megacorp?
Replies: 62
Views: 5321

Re: What is Megacorp?

Got it. Thanks, All!
by BostonButterfly
Fri Apr 06, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: What is Megacorp?
Replies: 62
Views: 5321

What is Megacorp?

Ok. I have a dumb question, and I'm probably overthinking it. I looked in the abbreviations list and didn't see it listed. When people refer to Megacorp, what do they mean? That they work for a large corporation and make a significant salary?
by BostonButterfly
Wed Feb 21, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 42144

Re: What UN-frugal thing do you do?

HA! I recently spent $1500 on a pair of music speakers, yet as I write this response, my slacks are threadbare and my shoes are probably ten years old. I know my priorities. :wink:
by BostonButterfly
Wed Feb 21, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4955

Re: Giving up on first home

I'd like to buy the home and somehow insulate myself from the time and energy sucking responsibility that comes along with it but I don't see how that's possible even with a big budget. Is there a solution I'm not seeing? You are correct. Home ownership is a big responsibility. Either you handle th...
by BostonButterfly
Tue Feb 13, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: I'm Lost Please Help Me :(
Replies: 20
Views: 2713

Re: I'm Lost Please Help Me :(

Orhkaf, Lucky you, to have found Bogleheads at age 27 with $300k yearly income! You will receive answers to any questions you have, as long as you provide the information needed for the people here to steer you in the right direction. In my opinion, along with all the financial advice that you will ...
by BostonButterfly
Wed Feb 07, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 16314

Re: Financial Hole

Joe- As I read through some of these posts, THIS is what came to mind. It sounds like for where you live you are doing your best. Yes, you could reduce a few expenses here and there. It seems like a BIG move to a LCOL area with better employment options might be best. Also if you could live with a ...
by BostonButterfly
Wed Feb 07, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 16314

Re: Financial Hole

Joe, You are correct: you ARE in a financial hole. And you're digging it deeper every day . In my opinion though, the universe has provided you with a lifeline in the form of Bogleheads.org. The people on this forum are incredibly knowledgeable, and are here to help. They are here because they WANT ...
by BostonButterfly
Thu Jan 25, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 132
Views: 21397

Re: My boneheaded financial mistakes

Bar far, my biggest boneheaded mistake was to hire a financial advisor. A while back, I was constantly worried that the market was going to tank. I thought I would be smart and put essentially all our money into cash, and then wait for the inevitable crash. I waited. And waited. And waited. And in t...
by BostonButterfly
Thu Jan 18, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Automatic Investing
Replies: 11
Views: 1093

Re: Automatic Investing

Can you split the direct deposit from your paycheck so the amount you want to invest is sent directly to an account at fidelity? That way you never see it, and they don't need to be linked to pull from your account with money you're living on. Ah. I hadn't thought about that. Seems like a great app...