Search found 96 matches

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: 478

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: 44
Views: 2975

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: 1458

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: 15021

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: 702
Views: 113957

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: 3456

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: 10423

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: 926

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: 1707

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: 2872

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: 1805

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: 4118

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: 1129

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: 1885

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: 3472

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: 1517

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: 4056

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: 4056

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: 1979

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: 3857

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: 2513

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: 17905

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: 17905

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: 17905

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: 3611

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: 7499

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: 5911

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: 2350

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: 6013

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: 5680

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: 4205

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: 5884

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: 379
Views: 36937

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: 4073

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: 5973

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: 7989

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.
by JuniorBH
Wed May 30, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5820

Re: Lawyer instead of buyer's real estate agent worked great!

I often think it is the opposite. It depends on their deal with the brokerage, but they might be getting 1/2 of 1/2 of 5% or 1.25%. They would rather sell you something for $300k fast than waste a lot of time selling you something for $350k and taking a long time. In the end, they would only get $6...
by JuniorBH
Wed May 30, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Splurging on the NBA finals
Replies: 56
Views: 5507

Re: Splurging on the NBA finals

I would go for it, especially if you can afford it.

FWIW, I've paid a premium over the years for live music (we always get "pit" tickets to rock shows) and it's been 100% worth it.
by JuniorBH
Wed May 30, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: Used car buying advice!
Replies: 41
Views: 3531

Re: Used car buying advice!

I think you need to up your budget. Once you're up in those mileage ranges, you're into the 2nd or 3rd major service area and long term stuff starts to go. I agree - Not having any debt is nice, but you're asking for a major repair bill which you'll have to cash flow. I would up the budget to the p...
by JuniorBH
Wed May 23, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Buying a Woman's Tag Heuer On-line
Replies: 41
Views: 2728

Re: Buying a Woman's Tag Heuer On-line

I'm also interested to hear from anyone who has made an expensive purchase from Jomashop (i.e. >$1,000). I browse quite often, but haven't been able to pull the trigger on anything given that it's not an authorized retailer.
by JuniorBH
Mon May 21, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Lease buyout negotiation tips?
Replies: 21
Views: 2633

Re: Lease buyout negotiation tips?

I'd be surprised if the dealer will negotiate.

If the residual is higher than the dealer could sell it for at auction, how does it compare to market value for a similar car?
by JuniorBH
Mon May 14, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: When is the right time to buy a house?
Replies: 28
Views: 2403

Re: When is the right time to buy a house?

I agree with those who said it's a lifestyle decision. There are a lot of pros to renting, so I wouldn't think of it as "wasting money". Maybe you're not building equity, but you're also avoiding all the other costs and headaches that can come with home ownership while maintaining a high degree of f...
by JuniorBH
Mon May 14, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Thoughts
Replies: 10
Views: 1499

Re: Job Offer Thoughts

In that situation, I would likely go for it. The equity in the new company could turnout to be a huge win, and even if it isn't, you're 1) getting an increase in cash in the near term and 2) early enough in your career that a swing and miss here doesn't preclude you from finding something else. And,...
by JuniorBH
Fri May 04, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 91
Views: 9514

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

My wife current has a 2015 GC limited on lease which has been completely trouble free (though we only have 15K mile on it). I previously had a 2014 GC SRT for a year and that was also trouble free (though the SRT is a very different car than the limited).
by JuniorBH
Tue Apr 24, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Possibly but not definite house change in 4-5 years - plan for down payment?
Replies: 16
Views: 1107

Re: Possibly but not definite house change in 4-5 years - plan for down payment?

We're in a very similar situation so I'm enjoying the responses to this thread. In our case, we have the income to afford both the current and "new" mortgage for a couple months if needed, but it's the down payment that gets tricky. To get 20% on the new, more expensive house, we'd need the equity f...
by JuniorBH
Fri Apr 20, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: Selling a car: how to get paid?
Replies: 69
Views: 6642

Re: Selling a car: how to get paid?

Agree with the folks above who said it should be cash. $2-7K is not enough money to deal with other scenarios. If someone feels uncomfortable with drawing and "carrying around" that much cash, offer to meet at their bank and they can directly hand you the money.
by JuniorBH
Wed Feb 21, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 7280

Re: Potential employer wants me to give offer - how to respond?

Tamales wrote:
Wed Feb 21, 2018 11:30 am
I imagine you are having second thoughts about what you proposed, since they agreed with no modifications or pushback (implying they might have gone higher). Don't. You were satisfied with what you proposed or you wouldn't have proposed it.
Agree; congrats!
by JuniorBH
Wed Feb 21, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: Trade my BMW?
Replies: 45
Views: 3174

Re: Trade my BMW?

You're worrying over nothing. The only difference with the electric parking brake (which is on the rear only) is that you take off the EPB module and retract the piston with a Torx T45 bit, rather than by using a caliper compressor. The wear sensors is just a wire that clips onto the inside brake p...
by JuniorBH
Sun Feb 18, 2018 8:44 pm
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 113
Views: 14862

Re: Bogleheads with $100K+ MSRP cars?

I'm moving in that direction: $68K M3 -> $72K Jeep SRT -> $82K BMW X5 50i. But, I bought all of those cars used, generally at about 60% of MSRP.

As with some other folks in this thread, a GT3 is my "dream car" so hopefully one day I'll get there.
by JuniorBH
Wed Feb 14, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: What's the most "interesting" job in corporate finance?
Replies: 30
Views: 4030

Re: What's the most "interesting" job in corporate finance?

I did 4 years in audit at a Big 4 and then transferred to the M&A group doing financial due diligence for the last 7 years. Certainly more interesting than audit and it's currently a very hot space which is likely to continue. As someone mentioned, the hours/travel can be challenging, but the work i...