Search found 130 matches

by JuniorBH
Fri Dec 06, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on how to go about quitting job?
Replies: 28
Views: 2471

Re: Thoughts on how to go about quitting job?

This seems like a perfectly reasonable decision; people leave jobs all the time to relocate. I'm not sure why you wouldn't want to show your face. As others have said, consult the handbook on PTO before you give notice; if they will pay it out, getting another check might be nice. And, I would make ...
by JuniorBH
Tue Dec 03, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: URGENT "Retention bonus" question / Check my math!
Replies: 25
Views: 2366

Re: URGENT "Retention bonus" question / Check my math!

I don't see any immediate flaws. If you have to pay the gross amount back, you'd potentially be out of pocket the withholdings until you file your taxes, but it sounds like that's not material to your net worth. FWIW, I had a similar situation last year; received a signing bonus when I changed compa...
by JuniorBH
Tue Dec 03, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: Airline overhead bins...do you think they're assigned?
Replies: 135
Views: 6180

Re: Airline overhead bins...do you think they're assigned?

As someone who takes 25+ flights a year, I've enjoyed seeing all the different points of view. My personal view is similar to others; try to use the bin above my seat when possible. If I'm coming down the aisle and see that won't be possible, grab any bin I can in front of my seat. Having to wait wh...
by JuniorBH
Fri Nov 08, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 62
Views: 5228

Re: How bad business travel is?

I travel about 20 times a year and really don't mind it. As others have said, when it eats into the weekend is when it's really bad. Otherwise, it breaks up the monotony and keeps things interesting. Plus you get into a groove and getting on a plane becomes routine. If you're truly only traveling 10...
by JuniorBH
Sat Oct 19, 2019 3:13 pm
Forum: Personal Consumer Issues
Topic: One thing to check when buying a used car privately [wheel locks]
Replies: 20
Views: 2328

Re: One thing to check when buying a used car privately [wheel locks]

Ran into this on the first BMW I owned; car had wheel locks and the key was missing from the tool kit. In my case, BMW dealer had a master set and was able to get them off.

I've never bothered with adding wheel locks; as others have mentioned, a serious thief will get around them.
by JuniorBH
Tue Oct 15, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Sign on bonus and taxes
Replies: 14
Views: 1538

Re: Sign on bonus and taxes

I had a similar situation this year. Earned a sign-on bonus in September 2018, left the company and paid back the bonus in March 2019. In my case, the former employer only requested back the after-tax portion I was actually paid. We'll see what my W2 says at the end of the year, but I was pleased to...
by JuniorBH
Mon Oct 14, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing NYC co-op apt we don't live in, should we go 30-year fixed or 7/1 ARM?
Replies: 22
Views: 2228

Re: Refinancing NYC co-op apt we don't live in, should we go 30-year fixed or 7/1 ARM?

Additionally, depending upon how far into the current loan, and especially so with only a small decrease in interest rate, resetting the clock back to 30 years could actually end up costing you *more* interest paid over the life of the loan. I thought this as well. Without knowing the rest of your ...
by JuniorBH
Mon Sep 30, 2019 11:26 am
Forum: Personal Consumer Issues
Topic: When and should I buy dream car? 1997 Toyota Supra
Replies: 38
Views: 3026

Re: When and should I buy dream car? 1997 Toyota Supra

If you're always going to want a Supra because you've always wanted a Supra, then just scratch the itch but accept that it's not financial wisdom. Another car guy here, and agree with the above. Pull the trigger and then assess; do you really get as much satisfaction/use from it as you expected? If...
by JuniorBH
Fri Aug 09, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Unlimited Paid Time Off ("PTO") and Sick Time: cui bono and how does it work?
Replies: 21
Views: 2379

Re: Unlimited Paid Time Off ("PTO") and Sick Time: cui bono and how does it work?

My wife worked in a law firm with "unlimited" PTO. In reality, you are still tied to your productivity - and in this case, billable hours. So, in reality, the unlimited PTO doesn't mean you have more time off. I have a similar situation in a consulting firm; I have billable hours and revenue genera...
by JuniorBH
Tue Jul 30, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics of "bonus payback" when quitting a job
Replies: 158
Views: 11225

Re: Ethics of "bonus payback" when quitting a job

The expected loss of a bonus should have been negotiated with the new employer, typically as a sign-on bonus. In all scenarios I would pay the bonus back. Best of luck. IME, you negotiate with the new employer to make you whole, and the old employer gives you a confirming letter that you have had a...
by JuniorBH
Fri Jun 07, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 6550

Re: Would you buy a house without a garage?

Without skimming through the replies, as someone who currently lives in an NYC suburb, no chance I'd buy a house without a garage. It's a personal decision; I would say >50% of our neighbors have a garage but don't use it for cars. We put both cars in the garage which is great when it's hot/cold/sno...
by JuniorBH
Tue Jun 04, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: Any BMW 535i Owners Out There?
Replies: 12
Views: 1500

Re: Any BMW 535i Owners Out There?

I have owned many BMWs and currently drive one. I would only own one that is under warranty. Ditto (on my 5th BMW currently) and ditto (wouldn't want one that's daily driven unless it had a warranty). A 2016 should have some of the factory full warranty left and a year of CPO, if you're buying from...
by JuniorBH
Fri May 03, 2019 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: How "trade in a leased car" for another used car works, without a down payment?!
Replies: 4
Views: 665

Re: How "trade in a leased car" for another used car works, without a down payment?!

It is possible; if the buyout on the car is less than what the dealer will give you in trade-in, you could end up with money toward the next car. The way to think about it is you can buy a lease out at any time for cash; if that cost is lower than FMV of the car, you would have equity. This is the e...
by JuniorBH
Fri May 03, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: PMI / Removing PMI question
Replies: 11
Views: 960

Re: PMI / Removing PMI question

For an extra ~$1,200, I completely avoid the PMI in the first place and put the 20% down. Agree with the other poster on rate shopping; I would think another lender would give you the same rate without the points and it's at least worth exploring (you may find the current lender will waive it if you...
by JuniorBH
Tue Apr 02, 2019 8:50 am
Forum: Personal Consumer Issues
Topic: Do any of you have a fear of changing jobs?
Replies: 73
Views: 5051

Re: Do any of you have a fear of changing jobs?

Were you tempted to accept the counter offer? I have heard it is never a good idea to accept one. Yes, I was, I spent two weeks agonizing and talking to probably 8-10 different people between the firms. The decision came to a simple thought I read somewhere about counter offers: If the counter offe...
by JuniorBH
Mon Apr 01, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: I think we're FIRE in 8 or 9 years, feedback?
Replies: 15
Views: 2220

Re: I think we're FIRE in 8 or 9 years, feedback?

While we are younger than you, we're projected to be at similar assets and expenses in our late 40's, also with college for two on the horizon. In our projection, we're hoping to pull the plug around 50 years old, so for you to do so around 54-55 seems completely reasonable.
by JuniorBH
Mon Apr 01, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: Do any of you have a fear of changing jobs?
Replies: 73
Views: 5051

Re: Do any of you have a fear of changing jobs?

I spent the first 11 years of my career with the same company and just left last summer. It was agonizing, especially when they matched the salary of the new job. Ultimately, I'd glad I did; it was helpful to get over the mental hurdle of knowing change isn't a terrible thing and I'm sure the old co...
by JuniorBH
Wed Mar 27, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: Returning back to former job
Replies: 12
Views: 1241

Re: Returning back to former job

The only comment I wonder about from your post is that you've only been there a few weeks. Is that really enough time to conclude that you shouldnt have left in the first place? I have the same thought; I'd at least give it 2-3 months. If your former company will take you back now, presumably they ...
by JuniorBH
Fri Mar 22, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: When to increase house size with a growing family?
Replies: 43
Views: 2903

Re: When to increase house size with a growing family?

I'm confused why everyone thinks you can't afford this. You're basically paying cash for this new house right? You have $200K in equity and $140 in cash/taxable so that covers your high end estimate. Sometimes the Bogleheads conservatism borders on maniacal. +1,000,000,000,000 A lot of members of t...
by JuniorBH
Thu Mar 21, 2019 9:27 am
Forum: Personal Consumer Issues
Topic: Being a Boglehead and car enthusiast stinks
Replies: 72
Views: 4943

Re: Being a Boglehead and car enthusiast stinks

As others have said, being a car enthusiast and being financially responsible shouldn't be mutually exclusive. Sure, you can think of it in terms of "If I invested the $X I would spend on a car, in 20 years I'll have $xx"; but who knows if you'll be physically able to enjoy the car then? Life is a j...
by JuniorBH
Fri Mar 08, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35317

Re: [2018 tax return - How does it compare to previous years?]

Effective tax rate went down from 28.5% to 24.8%. Also, we just barely dipped into the alternative minimum last year, so I imagine we would have really been into it this year under the new rules. Quick takeaways: - SALT deduction change cut itemized deductions almost in half, but we still itemized a...
by JuniorBH
Fri Mar 08, 2019 10:21 am
Forum: Personal Consumer Issues
Topic: Sports team season tickets
Replies: 45
Views: 4719

Re: Sports team season tickets

FWIW, I had a group of friends who went in on season tickets for the Knicks before the '10/'11 season (thought we might get Lebron, clearly that didn't pan out). That said, they had 6 seats together and sold probably 80% of the games through Stubhub/Craigslist, etc. While it was a pretty significant...
by JuniorBH
Wed Mar 06, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: Anybody have a vehicle with ventilated driver's seat?
Replies: 25
Views: 1514

Re: Anybody have a vehicle with ventilated driver's seat?

We have them in our Grand Cherokee and they work very well. It's an option I'd select again on the next car.
by JuniorBH
Tue Mar 05, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Career: How to determine if new job will lead to more salary growth in the long term vs. current job?
Replies: 7
Views: 770

Re: Career: How to determine if new job will lead to more salary growth in the long term vs. current job?

I know this is tough for a lot of people, but honestly, when I recruit anybody other than entry level, I expect them to just give me a number. And when I last interviewed for my own position I gave a number after they described the benefits and the position requirements. It is rarely the final numb...
by JuniorBH
Tue Mar 05, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting for a third car?
Replies: 18
Views: 1309

Re: Accounting for a third car?

The financial burden wouldn't be my concern, it's likely not material and seems to be completely offset by the enjoyment you'll get out of it. Seems like the real consideration is parking space (do you have somewhere to put it so it's out of the way) and maintenance (if one of the cars is parked out...
by JuniorBH
Tue Mar 05, 2019 10:14 am
Forum: Personal Consumer Issues
Topic: Why do you live where you live?
Replies: 134
Views: 9708

Re: Why do you live where you live?

Suburb of NYC. Two main reasons: 1. We were raised in the area and family is close by which means our kids can spend a lot of time with grandparents, uncles, etc. 2. Professional opportunity; despite the VHCOL, our compensation allows us to live well with additional upward mobility as we progress.
by JuniorBH
Fri Feb 15, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff Rehire and Career Options
Replies: 12
Views: 1385

Re: Layoff Rehire and Career Options

Are there conditions upon accepting the $10K now (i.e. if you leave within x months, you owe it back)? Regardless, if you're really serious about wanting a career change, I would probably take the severance. That gives you a number of months of income to find a new job. The caveat there is that you ...
by JuniorBH
Fri Feb 01, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Could Credit Card Work as Hypothetical Emergency Fund Instead of Cash?
Replies: 43
Views: 2583

Re: Could Credit Card Work as Hypothetical Emergency Fund Instead of Cash?

The only way credit cards should figure in an emergency plan is that you can float the outlay a month or so which gives you plenty of time to transfer the money from your savings account or wherever. Agree with this. Credit card can be useful when you need a large sum of money quickly and it can br...
by JuniorBH
Wed Jan 16, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Who's flying?
Replies: 83
Views: 10787

Re: Who's flying?

Flew in/out of LGA and CLT this week. No obvious differences and although I have Precheck, the normal lines didn't appear longer than usual.
by JuniorBH
Fri Jan 11, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Question During Job Interview
Replies: 17
Views: 2509

Re: Salary Question During Job Interview

Ask for the range, and give the explanation of not wanting to waste everyone's time if the range isn't "in the ballpark." Most companies have them. DO NOT tell them what you're currently paid, as it allows them to lowball if you are indeed underpaid where you are. This. For exactly these reasons. I...
by JuniorBH
Wed Jan 09, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: First-time homebuying
Replies: 17
Views: 1297

Re: First-time homebuying

Agree with the other folks who have pointed to the downpayment as a pain point. It's great that your mortgage payment will be a relatively small portion of income, but that doesn't help you if the HVAC fails in the first month or two. Without running the math, I would imagine renting can't "cost you...
by JuniorBH
Wed Jan 09, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 28
Views: 3226

Re: Recast mortgage?

I would go ahead and recast. If you're going to keep making the same payment regardless, might as well have the extra wiggle room if you needed to revert back to only making the required monthly payment.
by JuniorBH
Mon Dec 31, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Corvette vs Cayman/Boxster......anyone owned both?
Replies: 57
Views: 5050

Re: Corvette vs Cayman/Boxster......anyone owned both?

But there is a an element of image to me and one reason I'm disinclined toward Corvette is it's a younger guy's car (which is part of the refinement/raw issue), I just don't want to be that 60 yr old guy in a Corvette. This made me chuckle; Corvette's are a "younger guy's car"? That might be the fi...
by JuniorBH
Fri Dec 21, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Having minor panic about finances with second child, best way to budget?
Replies: 54
Views: 3327

Re: Having minor panic about finances with second child, best way to budget?

Unfortunately this is the reality in some areas, including mine. If you can escape with full time care for under $20k per child you are very lucky, that is nearly unheard of here (top 5 COL metro area). The cheapest home daycare we ever used was $18,500 per year and it was definitely not nice at al...
by JuniorBH
Mon Dec 10, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Switching Jobs - Pension/401K/PTO Balance Payouts & Uncovered Medical
Replies: 9
Views: 551

Re: Switching Jobs - Pension/401K/PTO Balance Payouts

I recently changed company's after a similar time period and dealt with items 1-3. My choices were: 1. leave the pension, which had a similar balance and similar rate of return. I don't think I had the option of a lump sum, but figured it's a decent return anyway. 2. Rolled my 401K to an IRA. It was...
by JuniorBH
Tue Dec 04, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: What to negotiate in offers
Replies: 45
Views: 3502

Re: What to negotiate in offers

I think what determines your salary is what the market is willing to pay for it. However, I would be very uncomfortable in your shoes to ask for more if I am getting 55% of compensation raise. I am assuming this is same city, and not a relocation situation? Also, the bit about phone stipend seems v...
by JuniorBH
Fri Nov 09, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: Career/Life Advice Needed - When to start a business?
Replies: 20
Views: 1675

Re: Career/Life Advice Needed - When to start a business?

If you can FI in 3 years, that seems like a no-brainer. Completely understanding that it's easier for someone else to say "three years is a short time" when they aren't in the daily grind. However, knowing you're FI should actually help with starting a business since decisions won't be made based on...
by JuniorBH
Tue Nov 06, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 16651

Re: How much money are you leaving your kids after you die?

....while we're not planning on passing away with just enough for a funeral, we haven't sat down and said "let's leave them $X". We strongly feel that each should stand on their own, make their own lives, and not depend on anything if we pass away. We'll be generous with gifts, we'll lend a helping...
by JuniorBH
Tue Nov 06, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 712
Views: 122832

Re: High Earners - What's Your Profession?

Director in the advisory services group at a public accounting firm. DW is an executive assistant to a C-level executive. Combined, we're mid-$300k's now, living in a HCOL area. I'm on the partner track which would eventually mean high six-figures and hopefully the ability for DW to stay home with t...
by JuniorBH
Mon Nov 05, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: Please help me with my car decision
Replies: 42
Views: 3624

Re: Please help me with my car decision

I'm not sure where I see the "hassle" in adding another car. You have both the means and the garage space. There are endless options of cars that would fit the situation. Also, I wouldn't consider driving a porsche, even with snow tires, in the winter in your situation, it's unnecessary. Seems to me...
by JuniorBH
Thu Nov 01, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Diagnosed Non-curable Cancer -- what now?
Replies: 54
Views: 10944

Re: Spouse Diagnosed Non-curable Cancer -- what now?

I'm so sorry to hear this. As others have mentioned, I would absolutely seek a second opinion at the most "qualified" center you realistically get to. Every diagnosis is different; that said, my MIL dealt with stage IV colon cancer two years ago and the opinions we received were astonishing differen...
by JuniorBH
Tue Oct 30, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Company options and non-compete agreements
Replies: 16
Views: 1033

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. As others have mentioned, it would be helpful to know exactly what is contained in the ...
by JuniorBH
Tue Oct 30, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: salary expectation question
Replies: 10
Views: 1800

Re: salary expectation question

Do research on www.glassdoor.com to see if your exact job title is listed with that company in that location. Otherwise, search for that job title in your area to see comparable salaries to know if you're in the right ballpark. Do not mention salary during the interview! . If asked, reply that sala...
by JuniorBH
Mon Oct 29, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: To Quit or not to Quit
Replies: 14
Views: 2954

Re: To Quit or not to Quit

As someone who also works in public accounting, I would make the switch. That's a fairly substantial increase and it'll obviously compound. Since you already work at the new firm, you'd have better insight than most into the culture at the new firm, so that offsets some of the risk. I wouldn't worry...
by JuniorBH
Wed Oct 17, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: Denied credit card with great credit
Replies: 17
Views: 1906

Re: Denied credit card with great credit

I recently tried to get the new Capital One Savior card (just for the bonus) and was denied for "too many cards opened in the last two years".

Having a credit score over 800 didn't make a difference, though i can't really blame them, it's obvious I've been churning cards.
by JuniorBH
Wed Oct 17, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 4423

Re: Approach to rescinding a job acceptance

Personally I would call. I'd apologize for the inconvenience you may have caused but say you have to do what is in you and your families best interest and have decided to stay with your current employer. I'd thank them for their time and the say that you are greatly appreciative of the opportunity....
by JuniorBH
Tue Oct 16, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Sell & Buy New Home Now vs. Next Spring
Replies: 25
Views: 1221

Re: Sell & Buy New Home Now vs. Next Spring

If you goal is to buy before the next school year then that is your deadline. The aspect that changes everything is WHEN you find a house you like. Let that be your guiding point. Don't let agents or bank guys influence you. They ONLY thing they care about is making a dime off you. In real estate t...
by JuniorBH
Tue Oct 16, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer – bonus details provided after acceptance
Replies: 26
Views: 2064

Re: Job Offer – bonus details provided after acceptance

I would push to get more details, it's perfectly reasonable to understand your complete compensation picture before signing up. And I would want it in writing if you suspect things are going to change; as someone else suggested, might be a good reason to push to have the first year guaranteed. As an...
by JuniorBH
Mon Oct 15, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Boglehead's Car Talk
Replies: 35
Views: 3651

Re: Boglehead's Car Talk

wabbajack wrote:
Sun Oct 14, 2018 9:42 pm
RootSki wrote:
Sun Oct 14, 2018 9:24 pm
Life is too short to drive boring cars.
+ 1 million
with another +1 million on top!
by JuniorBH
Wed Oct 03, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: Accepting a Contingency Offer
Replies: 27
Views: 2591

Re: Accepting a Contingency Offer

In that case the whole deal is dependent on your buyers, buyers, buyers. I'd only take this offer with the clause mentioned by the first person who responded where if you get another offer they have 24 hours to remove all contingencies so if the deal falls through they lose their earnest money whic...