Search found 66 matches

by slyfox1357
Sat Jan 23, 2021 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Who or what has helped the most in your financial journey?
Replies: 113
Views: 6012

Re: Who or what has helped the most in your financial journey?

I see a common thread here, most everyone cites mother/father/grandparents, which is awesome to have that great early start and foundation for starting your financial journey. Never had that, not in the least. I had parents (and actually most relatives) who were middle class and lived like they were...
by slyfox1357
Thu Jan 14, 2021 9:16 am
Forum: Personal Finance (Not Investing)
Topic: My company denies academic tuition assistance request
Replies: 35
Views: 2542

Re: My company denies academic tuition assistance request

Your manager is just an intermediary, leave him/her out of the discussion. The reimbursement is coming from your company's budget, not your department's budget. Most companies have guidelines around what is and isn't permitted, timing of applying, and reimbursement parameters (i.e. it will get paid ...
by slyfox1357
Fri Nov 13, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Last Paycheck, 2x Deduction for Medical and FSA (California)
Replies: 2
Views: 396

Re: Last Paycheck, 2x Deduction for Medical and FSA (California)

You get full coverage for the entire month (regardless of when you leave), so this was to cover a full months worth of deductions as thius is your final paycheck. I've had the same thing happen.
by slyfox1357
Wed Nov 11, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Risk tolerance plummeted to zero, now what?
Replies: 32
Views: 3225

Re: Risk tolerance plummeted to zero, now what?

70/30 would still seem right but 50/50 if risk tolerance has significantly dropped. What path you and your spouse take in terms of jobs and associated income/year would then be factored in as the years go by. 'Risk tolerance plummeted to zero' is not 50/50 allocation, not by a long shot but I guess ...
by slyfox1357
Tue Nov 10, 2020 9:30 pm
Forum: Personal Investments
Topic: Contributions and Conversative Investments for HSA
Replies: 13
Views: 782

Re: Contributions and Conversative Investments for HSA

There's no decision to be made at this time. The first set amount stays in cash, per guidelines from Fidelity. The second part, just keep in cash to fund your out of pocket deductible. To reach the third part is many months away, if not a year or so away. Even then, the answer is just put that overa...
by slyfox1357
Mon Nov 09, 2020 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6582

Re: House Purchase Sanity Check

This is one of those 'I'm doing something I know I can't do but let me try to justify it and hopefully I'll get some support and that'll build my confidence' plays. Not sure you'll get what you're looking for here. Ditto - It's a no from me. Almost, though I must say I'm surprised by the responses....
by slyfox1357
Mon Nov 09, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6582

Re: House Purchase Sanity Check

This is one of those 'I'm doing something I know I can't do but let me try to justify it and hopefully I'll get some support and that'll build my confidence' plays. Not sure you'll get what you're looking for here. Ditto - It's a no from me.
by slyfox1357
Wed Oct 28, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Family finance courses or methods / convincing a spouse (long)
Replies: 84
Views: 5438

Re: Family finance courses or methods / convincing a spouse (long)

You guys aren't on the same page as far as finances are concerned. Regardless of whether she has overspending issues, as was mentioned already this is not a financial issue, it's a huge, deep, yawning chasm of a relationship problem. You and your wife need to get to a counselor to BOTH get some unb...
by slyfox1357
Wed Oct 28, 2020 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Family finance courses or methods / convincing a spouse (long)
Replies: 84
Views: 5438

Re: Family finance courses or methods / convincing a spouse (long)

I don't think you understand the value of money until/unless you work for it. She is being infantalized by being given an allowance. The fact that she conceptualized your mutual retirement savings as "sending money to Fidelity" tells me that her relationship with money is not aligned with...
by slyfox1357
Wed Oct 21, 2020 12:48 pm
Forum: Personal Consumer Issues
Topic: Ideal City to live in?
Replies: 160
Views: 11709

Re: Ideal City to live in?

I live in San Diego and Temecula is a good choice (hits on many of your factors)...so are other areas east and north of San Diego proper. You won't find that one unicorn spot so weight each one of your factors from 1-10, then score some places and see what place gets the highest score. Choose from t...
by slyfox1357
Fri Sep 25, 2020 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Tech/IT to govt jobs
Replies: 68
Views: 5075

Re: Tech/IT to govt jobs

I was pushed out of a private sector IT role in my early 50's (20+ years experience) then took a similar job with an IT consultancy firm that supports all levels of government. Pros - BIG pro - your work is MUCH more constrained to a 40 hour work week, 100% work remotely, much less stress, much less...
by slyfox1357
Wed Sep 23, 2020 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Physicians: Should I leave my job?
Replies: 207
Views: 16240

Re: Physicians: Should I leave my job?

Say I need 10k wRVU to bonus, and my bonus will earn me 50k for every 1k wRVU My bonus is calculated and paid once a year. I have earned 12k wRVU for the year as you say, but when they calculate the bonus in January, they are missing the last two months of the year. So they say I have earned 10k wR...
by slyfox1357
Tue Sep 22, 2020 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Physicians: Should I leave my job?
Replies: 207
Views: 16240

Re: Physicians: Should I leave my job?

'Regardless, my job is pretty chill. I show up around 8:30 and can leave by 4 most days. No call and no weekends. No travelling to outreach clinics.' 'And my job isn't always cushy. I'm here till about 8-9 PM tonight because that's the way it goes sometimes trying to do the right thing for the patie...
by slyfox1357
Sun Sep 20, 2020 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire in 2 Years
Replies: 7
Views: 1251

Re: Can I Retire in 2 Years

Yes, $135k will come from IRAs and from wife’s social security and my pension. Some observations If I understand correctly, within your 60-70 timeframe, your wife's SS is only applicable the last 2 years and your pension is only applicable the last 5 years. That 135k/year is then a huge drag on you...
by slyfox1357
Fri Sep 18, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2394
Views: 545466

Re: Share your net worth progression

This topic might well be worth a separate message thread. I'll reiterate that the net-worth progressions here--many of which show figures doubling and tripling year in and year out--have little to do with index investing. I'm not sure that the posters on this site understand that. [ quote fixed by ...
by slyfox1357
Thu Sep 10, 2020 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Suggesting BIL use Roth Contributions to pay off credit card
Replies: 17
Views: 1121

Re: Suggesting BIL use Roth Contributions to pay off credit card

Discuss the two topics separately. Pay off the CC debt and the 401k transfer. For 5 or 6k, can't he just tighten the belt on his budget and pay them off out of his pay over a month or two?
by slyfox1357
Sat Aug 29, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: ‘Play money’ invested by Dad growing huge - what would you do?
Replies: 109
Views: 15786

Re: ‘Play money’ invested by Dad growing huge - what would you do?

Chicken Little wrote: Sat Aug 29, 2020 2:00 pm
jfn111 wrote: Sat Aug 29, 2020 8:36 am
gmc4h232 wrote: Sat Aug 29, 2020 7:10 am Sell everything, pay off debt. Keep 100k in cash and tell old dad to work his magic again.
+1
+1
+1
by slyfox1357
Sun Aug 23, 2020 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Quit corporate job @ age 34 with $1.3M?
Replies: 225
Views: 23064

Re: Quit corporate job @ age 34 with $1.3M?

Not much in your perspective on work can really be debated, but that doesn't mean you're ready to retire. Not the 'wait until 10M or 65' or the '25x expenses' stuff, just too many poor assumptions and lack of details that result in a low certainty of longevity of funds. Yeah, you can always go back ...
by slyfox1357
Sun Aug 23, 2020 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 17013

Re: Do you talk to your friends/family/coworkers about this stuff?

Nope, only with my wife. Some around me have found other 'expert's' around to guide them. More like 'the blind leading the blind', but NOMB. There are several comments that mention others should just spend '5 hours' learning what to do, just 'google it', things like that, as if knowledge is simple, ...
by slyfox1357
Sun Aug 23, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Stage 4 Cancer and Young Family
Replies: 105
Views: 14943

Re: Stage 4 Cancer and Young Family

So sorry to hear this and best wishes to you. You are getting solid financial advice, no need to reiterate a lot of it. I would add, create your bucket list, allocated a $ to it and get after it, enjoy those precious moments you have left with your loved ones, Memories you leave for them are pricele...
by slyfox1357
Thu Aug 20, 2020 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: how often do you check your net worth?
Replies: 153
Views: 9963

Re: how often do you check your net worth?

Every other Friday, roughly 2x a month works for us. Not too frequently, not too infrequently.
by slyfox1357
Sun Aug 16, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal in the times of COVID
Replies: 20
Views: 2108

Re: Home Appraisal in the times of COVID

Your options are to allow the appraiser inside or to go with one of the other two companies that are willing to waive the appraisal. Personally, I'd pay a little bit more for one of the companies willing to waive the appraisal, but I have a very high-risk family member in a wheelchair, so we're not...
by slyfox1357
Thu Aug 13, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Amazon Prime Card--4% back
Replies: 74
Views: 7287

Re: Chase Amazon Prime Card--4% back

No go here either, spend about 2.5k/month, 90% Amazon or Amazon Grocery
by slyfox1357
Thu Aug 13, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: A few things that points blogs don't tell you about credit card points
Replies: 67
Views: 9503

Re: A few things that points blogs don't tell you about credit card points

I generally disagree with all of your points/rules. Similar to Travel Geek I make sure I get more value per year from my card than it costs me. This value assessment is irrespective of AF, not simply limited to 'cash back' value, only partially correlated to 'Travel', I don't own a business, you get...
by slyfox1357
Fri Aug 07, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice
Replies: 88
Views: 8170

Re: Career advice

Get out while the getting out is still good. Danger, Will Robinson, danger! :shock:
by slyfox1357
Tue Aug 04, 2020 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Amex platinum retention bonus?
Replies: 10
Views: 1383

Re: Amex platinum retention bonus?

I just called and they offered me 30,000 points or $300 statement credit if I spend 2k in the next 90 days. Took the statement credit That's a good retention offer. Nice. This is on par with a typical AMEX Platinum retention offer. Keep in mind that they will not usually do this in consecutive year...
by slyfox1357
Sat Aug 01, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for a new job - deciding if the grass is greener?
Replies: 7
Views: 850

Re: Looking for a new job - deciding if the grass is greener?

Recruiters, friends and work friends/acquaintances who work there AND who used to work there (LinkedIn)....this should give you a good coverage.
by slyfox1357
Sat Aug 01, 2020 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 674
Views: 102492

Re: Losing a job in your 50's...

The answer is to save and live below your means. Do that and you won't be scrambling to find multiple part-time jobs to survive in your 50s. I was laid off at 53. After seven months took the only offer I received at a 50% paycut with miserable benefits. I quit after three weeks. Being retired was b...
by slyfox1357
Wed Jul 29, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for grocery rewards
Replies: 53
Views: 5511

Re: Best credit card for grocery rewards

Two words - Amex Gold.
by slyfox1357
Wed Jul 29, 2020 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Saving for retirement vs paying down debt
Replies: 17
Views: 1904

Re: Saving for retirement vs paying down debt

Focus on the transition - you're in between jobs and getting a new job, the effect on your spending, etc... and then tackle these other topics. You may be out of work for awhile. Once back and settled in, get rid of most of that debt first. Best of luck!
by slyfox1357
Fri Jul 24, 2020 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Wife lost her job - 401k question
Replies: 12
Views: 1402

Re: Wife lost her job - 401k question

No. Sorry to hear about your situation, lots of griping, time to turn the page and move on.
by slyfox1357
Thu Jul 23, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Crisis: Advice needed
Replies: 90
Views: 8188

Re: Financial Crisis: Advice needed

I think based on the many replies and 'not sure', 'I don't know', let me see, that you should get the full picture of their ages, income, savings, expenses, etc... Too choppy and some contradictions in there. These types of decisions should be made on a complete picture of facts. Not 60, 60's, 69..,...
by slyfox1357
Sat Jul 18, 2020 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding whether to retire - it's difficult!
Replies: 77
Views: 9664

Re: Deciding whether to retire - it's difficult!

Other than the addressing the details regarding optimizing your approach (your retirement shift alongside your wife's working and then her retirement shift), of course you can retire now. Mentally speaking, spend some quality time to find your calling on the other side and then you'll know it's the ...
by slyfox1357
Thu Jul 16, 2020 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Mom Has $2K Net Worth at 62 - Want to Help
Replies: 120
Views: 11464

Re: Mom Has $2K Net Worth at 62 - Want to Help

Even after you said 'she doesn't want to move to have to move again in 3-5 years; everyone is still saying sell the house. Because, simple, that is the BEST move and needs to done immediately. Alongside that, as others have also suggested, she should work longer, try 5 years instead of 3. Anything e...
by slyfox1357
Wed Jul 15, 2020 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: My office job in NYC has just gone remote for the rest of the year. Can I reduce my tax burden by moving to Florida?
Replies: 92
Views: 8982

Re: My office job in NYC has just gone remote for the rest of the year. Can I reduce my tax burden by moving to Florida?

I might be wrong but wouldn’t you still be required to pay NYC/state taxes while living in Florida but technically working in NYC? I think you’re correct. While I was working for a previously employer and living in Texas, I had to track the number of days I spent for business trips to New York ( me...
by slyfox1357
Tue Jun 30, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 184
Views: 36723

Re: Best cash-back credit card right now?

corp_sharecropper wrote: Mon Jun 29, 2020 10:41 pm
Amazon Prime Visa: 5% back at Amazon and Whole Foods. We get tons of stuff from Amazon and probably do about 30% of our grocery shopping at whole foods.
Amazon Prime Visa -> Don't usually see this mentioned but Amazon also has Amazon Fresh (grocery+). Great selection, prices and 5% back.
by slyfox1357
Thu Jun 25, 2020 7:10 am
Forum: Personal Consumer Issues
Topic: Ventahood clanking noise
Replies: 4
Views: 458

Re: Ventahood clanking noise

Poppy1234 wrote: Thu Jun 25, 2020 3:56 am Anyone have a ventahood for their rangetop vent? Does it make a clanking noise like two pieces of metal touching when you turn it off? Or when there is strong wind outside? Is this normal? If not how did you fix the issue?
:confused
by slyfox1357
Sun Jun 21, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of a PMP and is it worth it?
Replies: 38
Views: 3778

Re: Cost of a PMP and is it worth it?

I am a PM professional with many PM certifications, For non PM professionals, I would say it is helpful for your career perhaps not directly linked to an immediate salary bump. Go for it, what you will learn will,be worth it. 1) No bump on salary, Chatting with others, same thing. YMMV for a non PM ...
by slyfox1357
Sun Jun 14, 2020 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: American Express Personal Savings - 25K MR bonus?
Replies: 20
Views: 2416

Re: American Express Personal Savings - 25K MR bonus?

No 1099, so bonus = minimum $250 at 1 cent per point or even better when redeemed for travel. No brainer, indeed.
by slyfox1357
Sun Jun 14, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Offer in hand, shall I renegotiate with current employer?
Replies: 36
Views: 2978

Re: Offer in hand, shall I renegotiate with current employer?

Hello, I am working for a company with good package but at the top of my band. So I am getting very miniscule pay raise and no chance of any promotion. I could be in same place for next few years. At the same time, I have seen this company bending rules for some people to promote and even create ne...
by slyfox1357
Fri Jun 12, 2020 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I make this career change?
Replies: 11
Views: 1715

Re: Should I make this career change?

I am in IT, around your age and know some of the dynamics you mention. The lateral move to a formal management role is a better place for you to be as you grow older in this functional area. Growth comes I the form of BOTH 'negatives' - work, responsibility, change and 'positives' - opportunity, sal...
by slyfox1357
Tue Feb 25, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4970
Views: 950914

Re: What's Your Credit Card Rewards Strategy?

Earn 6,500 Bonus Stars with the Starbucks Rewards Visa Card. That is 43 lattes or 130 baked items. So.. my wife and I goto Starbuck on our bike rides and usually share a latte and bagel. This will come in handy and save us $$. The card won't be used after the first $500 to meet requirements to gain...
by slyfox1357
Mon Feb 24, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4970
Views: 950914

Re: What's Your Credit Card Rewards Strategy?

Earn 6,500 Bonus Stars with the Starbucks Rewards Visa Card. That is 43 lattes or 130 baked items. So.. my wife and I goto Starbuck on our bike rides and usually share a latte and bagel. This will come in handy and save us $$. The card won't be used after the first $500 to meet requirements to gain...
by slyfox1357
Sun Feb 23, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4970
Views: 950914

Re: What's Your Credit Card Rewards Strategy?

Easy for people to rag on the Starbucks Rewards Visa Card but signup of 6500 stars plus 300 with your first card load, is worth almost $300. Also, there's 8 free Starbucks chosen items a year, each year, value ~$50. Just these items wipe out the annual fee. Lastly, reloads to your Starbucks card (wh...
by slyfox1357
Wed Jan 08, 2020 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Job change and possible resulting stress/IBS
Replies: 18
Views: 1551

Re: Job change and possible resulting stress/IBS

Understand your apprehension and perceived stress. You have to make the move, so try to rationalize the change and worst case scenario, which really isn't that bad. Personally I'd front-run this and discuss with your manager. It can only help, perception is almost always worse than reality, probably...
by slyfox1357
Mon Dec 30, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Match Issues
Replies: 16
Views: 1171

Re: 401k Match Issues

weekly/-bi-weekly payroll matching may be the norm but some companies are switching to 1x or 2x a year. My company does their match March & October. They may have switched to this model, check into it.
by slyfox1357
Fri May 03, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Technological literacy skills sought after by employers/possible job change
Replies: 26
Views: 2405

Re: Technological literacy skills sought after by employers/possible job change

Like others have mentioned, learning the Microsoft Office Suite is a very good idea. You can self-learn, but why, take a class. Look around, your local college may have night classes, etc...they are well worth it to learn the basics. Bigger picture, how about a career in Project Management, Informat...
by slyfox1357
Thu May 02, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: [Does paying a child for chores count as earned income?]
Replies: 17
Views: 1918

Re: Paul Merriman newsletter

[Thread title edited for clarity - moderator prudent] I have never really followed [Paul Merriman - moderator prudent] much but I browse his newsletters occasionally. His latest one talks about a Roth IRA for kids. Here is a quote. “One of our subscribers, Matt A., wrote me about his five-year-old,...