Search found 110 matches

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: 309
Views: 22336

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: 3982

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: 1302

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: 710

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: 1177

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: 8291

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: 1290

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: 2257

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: 10063

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: 2330

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: 1209

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: 2861

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: 4651

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: 3100

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: 518

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: 3310

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: 1502

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: 15368

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: 117574

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: 3503

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: 10555

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: 958

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: 1730

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: 2886

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: 1848

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: 4242

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: 1158

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: 1917

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: 3529

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: 24
Views: 1551

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...
by JuniorBH
Mon Oct 01, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Salary negotiation: saying a number first on purpose?
Replies: 43
Views: 4140

Re: Salary negotiation: saying a number first on purpose?

Most companies have a set budget, so you're not going to change them much. Know the market and tell them what you want paid up front. It saves a ton of time. I'd hate to burn vacation days interviewing only to find out we weren't in the same ballpark. +1 - this why I would suggest saying a number f...
by JuniorBH
Mon Oct 01, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Salary negotiation: saying a number first on purpose?
Replies: 43
Views: 4140

Re: Salary negotiation: saying a number first on purpose?

There is no reason for you to tell them your current salary, and they don't need to ask, as they know what the industry pays. Just tell that what you want in the new position. Do not include benefits in your calculation. They know what those cost the company, you do not, and it's not material. Havi...
by JuniorBH
Fri Aug 10, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Help to evaluate Job Offer
Replies: 27
Views: 2022

Re: Help to evaluate Job Offer

Isn't the rule of thumb that it's not worth the move for less than 15-20% bump in salary (all other things being equal and assuming this is not a lower-salary-for-less-stress lifestyle choice)? I would agree with this. There is inherent risk in changing companies and IMO you should be compensated f...
by JuniorBH
Fri Aug 03, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: New job commute
Replies: 64
Views: 3916

Re: New job commute

If you're contemplating taking a $30K pay cut, I would change cars first and see how materially that changes the commute. If you can go from 90mins each way to 45mins each way, the time savings is worth whatever it costs to get out of the lease. Also, I may have missed this, but what are the long-te...
by JuniorBH
Fri Aug 03, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Impact of higher property taxes on home price
Replies: 45
Views: 2550

Re: Impact of higher property taxes on home price

If you are buying an $800k house, most likely you had the income to fall under AMT previously. In the old scenario, you wouldn't have been able to deduct your SALT in most cases (i.e., have a few kids and some other deductions in a HCoL area). So wouldn't the new tax plan be better in that at least...
by JuniorBH
Fri Jul 20, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 18113

Re: Salary vs. Lifestyle

One of the things I notice is that when you work more to make more money and you have less free time and more stress you start so you start spending that money on ways to make your life easier because your free time becomes more and more valuable. You may find that before you know it you really are...
by JuniorBH
Fri Jul 20, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 18113

Re: Salary vs. Lifestyle

Morale is hard to put a dollar figure on, but once it is gone you realize just how valuable it was. I wanted to highlight this point as it's really well said. Same with general job satisfaction; I know people who work the long hours for the big pay, but love their jobs and wouldn't change it. Conve...
by JuniorBH
Wed Jul 18, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 18113

Re: Salary vs. Lifestyle

I would make certain that the new position is a good fit for you, and t hat your spouse is willing to support you with whatever additional stress that may associated with the new position . Bolded part is the key. I'm about to make a similar decision and a large part of weighing pros/cons was the i...
by JuniorBH
Wed Jul 18, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about job change but current job gives 9% salary into 401k..
Replies: 27
Views: 3629

Re: Thinking about job change but current job gives 9% salary into 401k..

I agree with what other posters have noted, which is that the whole picture needs to be considered to make an adequate comparison. You should be maxing your 401K regardless (or at least up to the match at the new company), so you're not giving away 9% of your salary, it's something less (i.e. if new...
by JuniorBH
Tue Jul 17, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7729

Re: Families - What's your total annual credit card spend?

Looking at the CC spend rates posted here makes me wonder how people manage to get multiple business class or upgrade trips with mileage awards. I can't speak for others, but a large part of my miles/status comes from business spend and frequent flying. ~25 round trip flights a year, all of which a...
by JuniorBH
Mon Jul 16, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Big 4 Who Jumped to Industry - Compensation
Replies: 35
Views: 6507

Re: Big 4 Who Jumped to Industry - Compensation

From the responses, it sounds as though once you make Director and up, compensation wise, the Big 4 is going to surpass industry and that most people make the jump not always because there is a huge increase in compensation, but they are wanting to have a better work/life balance. I'm also a direct...
by JuniorBH
Fri Jul 13, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation for New Position
Replies: 25
Views: 2413

Re: Salary Negotiation for New Position

If I was the owner, yes I do think negotiating based on her supplemental pays as a clinical nurse is unreasonable. Night shifts pay more for a reason. Holidays pay more for a reason. Overtime pays more for a reason. I know of nurses who are already overworked, but still willing to do more for 2x to...
by JuniorBH
Fri Jul 13, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 6084

Re: Would you trade experiences in your youth for early retirement

The short answer is no; while we are still hitting the goals that will allow us to retire at 55, we're not going to ratchet our lifestyle down to retire at some sooner date that might not even come. Brief example; when I was 26 I bought a 2008 M3 which I owed for 4 years. The payments, and the car i...
by JuniorBH
Fri Jul 13, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Denied for an auto loan 2 weeks after purchase??
Replies: 39
Views: 6748

Re: Denied for an auto loan 2 weeks after purchase??

Agree with the others; at this point, I would offer to either: 1. Immediately pay off the outstanding balance in cash without foregoing the incentive you received (which was your plan in a months time anyway) or 2. Return the car and take your business elsewhere. From this thread and the other one, ...
by JuniorBH
Mon Jul 09, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Borrow for BigLaw Partnership Buy-in?
Replies: 26
Views: 4290

Re: Borrow for BigLaw Partnership Buy-in?

OP will not score points by getting crafty and trying to reverse engineer the model. Smectym As someone in a professional services firm who's reasonably close to a similar decision, I agree with this. Just part of the process, but I'd focus on the bigger picture for what this means for your career ...
by JuniorBH
Mon Jul 09, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5930

Re: Should I take a $60k paycut to work 4days/week

That's a tough decision, but I probably would pull the trigger. You'll still have substantial income left and you can (presumably) go back to 5 days a week once the kids are older and in school. Agree with the other poster who said you're not behind on retirement savings given your age and, unless y...
by JuniorBH
Mon Jun 25, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 408
Views: 42427

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

Currently work in financial due diligence at a Big 4 accounting. Was in audit before that and I have my CPA. I would recommend a degree in accounting and an CPA as a great place to start a career as it opens numerous doors. The Big 4 offer a lot of service line options (audit, tax, technical account...
by JuniorBH
Sat Jun 16, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice (take the promotion or not)
Replies: 29
Views: 4132

Re: Career advice (take the promotion or not)

It sounds the most obvious path to "career advancement" is to leave the current company and look elsewhere. That said, most of your posts indicate that quality of life might be more important (i.e. short commute, preferred schedule, low COL, etc). So, if these items are more important than career ad...
by JuniorBH
Thu Jun 14, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 6116

Re: Another home thread: 2mil / 40K in taxes

One way could be to check how much income is available for mortgage payment by deducting all expenses and target savings for long- term goals - retirement/children's college. As an example: 120 Living excl. Housing 054 401K / IRA / HSA for double income couple [some recommend saving 20% of Gross fo...
by JuniorBH
Wed Jun 06, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Flight cancelled. Entitle to any compensation?
Replies: 44
Views: 8104

Re: Flight cancelled. Entitle to any compensation?

Agree with the other folks who have said you need to call/email and ask for compensation. As long as your request is reasonable (i.e. you can't ask for a full refund of the cost of the flight), usually you'll end up with something, whether it's a voucher, miles, etc.