Search found 43 matches

by jerrysmith
Wed Apr 21, 2021 8:53 am
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2020 tax refund?
Replies: 145
Views: 12331

Re: How quickly did you receive your 2020 tax refund?

Efiled via CPA, maybe 2 weeks. That was late March.
by jerrysmith
Tue Apr 20, 2021 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Would You Stay in a Boring Government Job?
Replies: 110
Views: 6471

Re: How Long Would You Stay in a Boring Government Job?

I work at a University and the fact that it's not exciting is what I like about it. I get the in office 5 days per week problem. It could be that once you've been there a while longer you can negotiate some remote work. I may have missed it but are your wife's benefits, specifically insurance as goo...
by jerrysmith
Thu Apr 15, 2021 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Biggest expenses in life
Replies: 50
Views: 4128

Re: Biggest expenses in life

1. Student Loans
2. Cars

Take the most egregious of those out and I'm living a totally different life.
by jerrysmith
Tue Apr 13, 2021 10:16 am
Forum: Personal Finance (Not Investing)
Topic: How much does your employer sponsered health insurance cost you?
Replies: 43
Views: 2570

Re: How much does your employer sponsered health insurance cost you?

My wife is a school teacher. Insurance for the family runs about 350/mo and is pretty good overall. I work for a University and similar coverage would be twice that.
by jerrysmith
Wed Apr 07, 2021 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 120
Views: 7694

Re: Taking a paycut for a more stable state job (CA)?

I moved to a University nearly 4 years ago and will likely never leave.
I work in infosec and could make 10-15% more in my city nearly instantly and 20% with some patience.
Not worth it. Pension, good benefits overall. Laid back gig.
by jerrysmith
Tue Apr 06, 2021 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 132
Views: 12755

Re: Anyone else see drastic increase in Zillow value today?

Pulled mine up after I read this post and it's up 20-25k on Z. That's a pretty sizable amount for my house. Hope it stays there or goes up in about 15 more years.
by jerrysmith
Fri Apr 02, 2021 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: WFH Light a "FIRE" in anyone else?
Replies: 20
Views: 3155

Re: WFH Light a "FIRE" in anyone else?

It wouldn't bother me if I never stepped foot in my office again and I like my job.
I do Cyber and my customers are 95% IT folks that I seldom speak to in person anyway.
WFH is no different in office productivity-wise, in fact it's better.
So many benefits, I hope to never go back.
by jerrysmith
Mon Mar 15, 2021 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?
Replies: 101
Views: 8849

Re: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?

I wouldn't be able to sleep at night with that. I'm not a typical BH income-wise and I live in a relatively LCOL area. I keep my mortgage under 25% of my take home pay. I am not sure the percentage matter. I think the absolute does 30k net income per month would 15k 5k net income would leave 2,5k Q...
by jerrysmith
Sun Mar 14, 2021 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?
Replies: 101
Views: 8849

Re: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?

I wouldn't be able to sleep at night with that.
I'm not a typical BH income-wise and I live in a relatively LCOL area.
I keep my mortgage under 25% of my take home pay.
by jerrysmith
Sun Mar 14, 2021 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Squared Away: Does higher life expectancy make people retire later?
Replies: 45
Views: 3939

Re: Squared Away: Does higher life expectancy make people retire later?

My mom and dad are still kicking. Their parents/grandparents have been up and down as far as age of death.
I'm retiring the moment I can regardless.
by jerrysmith
Sun Mar 07, 2021 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: 35 and thinking about early retirement or partial retirement
Replies: 131
Views: 13769

Re: 35 and thinking about early retirement or partial retirement

I think most of 3-5 are pretty good.

Have you considered changing gigs? That may refresh you for another 5?
Check out working for a University, probably wouldn't earn quite as much but good perks and generally laid back.

Good luck
by jerrysmith
Tue Feb 23, 2021 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13383

Re: Best decision(s) in your financial life

Mine is a little boring but I started using YNAB the budget app in 2017 and my life couldn't be more different. Truly changed my life.
by jerrysmith
Fri Feb 12, 2021 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is it me or a lot of 2020 tax forms late this year?
Replies: 45
Views: 4171

Re: Is it me or a lot of 2020 tax forms late this year?

I received everything as usual. If something was late I didn't really notice.
by jerrysmith
Fri Feb 05, 2021 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: What are you paying for umbrella insurance?
Replies: 56
Views: 4301

Re: What are you paying for umbrella insurance?

Just under 160/yr 1m.
House, no pool.
2 adults 2 kids, not driving yet.
2 inexpensive cars if that matters.
Birmingham, AL.
State Farm for everything.
by jerrysmith
Sun Jan 31, 2021 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Cash flow - pay off everything or finance everything?
Replies: 25
Views: 2111

Re: Cash flow - pay off everything or finance everything?

I do a few things on payments like when Amazon offers 6 equal payments w/ no interest. And the usual stuff like mortgage and cars but I buy used and pay them off (the cars) as soon as I can. The rest sounds exhausting.
by jerrysmith
Fri Jan 29, 2021 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Would you accept this job offer?
Replies: 28
Views: 3106

Re: Would you accept this job offer?

I saw 3 things that led me to say "Stay"
1. 401k match.
2. Health Care situation.
3. It's a known quantity.
by jerrysmith
Fri Jan 22, 2021 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Who or what has helped the most in your financial journey?
Replies: 121
Views: 7389

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

1. My own mistakes helped me develop what little wisdom I have now.
2. YNAB budget software, 3-ish years in and our lives could not be more different. Truly one of the more significant things in my life was beginning to use this app.
by jerrysmith
Fri Jan 15, 2021 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Should I walk away from nice pension? Is it worth it?
Replies: 48
Views: 6643

Re: Should I walk away from nice pension? Is it worth it?

It would take a massive raise for me to leave my pension gig. Salaries/401ks are great but guaranteed money is hard to beat.
by jerrysmith
Tue Dec 29, 2020 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Should i pay off my 15 year 2.85% mortgage?
Replies: 169
Views: 9223

Re: Should i pay off my 15 year 2.85% mortgage?

If you want to pay it, pay it. Simple as that.
You're clearly a smart person and if you want to shed the debt go for it.
by jerrysmith
Wed Dec 23, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Are these good enough reasons to change jobs?
Replies: 51
Views: 4143

Re: Are these good enough reasons to change jobs?

Unless you are incredibly miserable I'd stick it out to retirement then do something else or do nothing at all.
I landed at a University at age 42 and will never leave the previous 20 years in private sector was enough for me.
by jerrysmith
Mon Dec 21, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Worst Financial Decision/Mistake You Have Made?
Replies: 230
Views: 18496

Re: What is the Worst Financial Decision/Mistake You Have Made?

Really too many to count but the 3 that are at the top of my mind (one of which I'm still paying) 1. Too many student loans, I'm no where near what some folks have but I borrowed too much and really did a 2nd MA Degree that I really didn't need. 2. Cars, I've not spent huge amounts but I generally g...
by jerrysmith
Mon Dec 14, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: SWE jobs career advice
Replies: 62
Views: 4209

Re: SWE jobs career advice

I'd say you could probably land a non-FAANG gig pretty easily. There's a lot of good companies out there including many with full remote work now.
But product management would be a perfect landing spot for you with your skill set. Not sure of compensation but that likely varies by company.
by jerrysmith
Mon Dec 14, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Public vs Private Sector Employment
Replies: 101
Views: 5419

Re: Public vs Private Sector Employment

Started a U job a few years ago and it would take a HUGE amount for me to leave. Compensation is fair enough but a pension, half price tuition for my kids at a good state school, good match on 403b and a relatively laid back gig make it too sweet to leave. I could easily get 20k more in private but ...
by jerrysmith
Sat Dec 05, 2020 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Defining your emergency savings account
Replies: 32
Views: 3278

Re: Defining your emergency savings account

A regular old savings account at CapitalOne. Not worth the time for me to chase offers etc. It's fine just sitting there.
by jerrysmith
Tue Dec 01, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: New physician - pay off loans early or buy a house?
Replies: 32
Views: 3165

Re: New physician - pay off loans early or buy a house?

Congrats and what a great job!

I'd pay off the debts. You have tremendous earning power, use it to get debts to zero build up a war chest of cash then look around to buy.

Good luck
by jerrysmith
Tue Dec 01, 2020 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Etiquette Question: Job offer while in middle of other interviews
Replies: 40
Views: 3619

Re: Etiquette Question: Job offer while in middle of other interviews

I play the game until it's done including accepting multiple offers.
Business is cutthroat and most places would toss you if they thought it would save them a buck so I do likewise in the pre-hire phase.
by jerrysmith
Tue Nov 24, 2020 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use an accountant for personal taxes?
Replies: 146
Views: 9827

Re: Does anyone use an accountant for personal taxes?

We do, not particularly high earners but we've used the same firm and the cost is very reasonable.
Quick turnaround and I don't have to worry about it. 100% worth it.
by jerrysmith
Fri Nov 20, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this $725,000 house?
Replies: 162
Views: 12030

Re: Can we afford this $725,000 house?

I am way too blue collar in mindset to ever dream of spending that much on a home.
But looking and what you posted, if you drop the full equity on it you could probably afford it, you didn't mention other debt or lifestyle expenses.
by jerrysmith
Fri Nov 13, 2020 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parents - who pays for expenses related to medical care
Replies: 109
Views: 5713

Re: Aging parents - who pays for expenses related to medical care

Actual medical items purchased for them, I can maybe see. But the rest no. I'm with everyone else. My mom sacrificed for me/us it will be an honor to help her out (I do already)
by jerrysmith
Fri Nov 13, 2020 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: 10 year mortgage
Replies: 5
Views: 559

Re: 10 year mortgage

Sounds good to me. I refi'd into a 10 from a 15 a couple months ago.
by jerrysmith
Wed Nov 11, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1367
Views: 184652

Re: How much money do you want to retire?

I don't have a number. Wife is 20+ years into a pension job, likely to do around 30y. I'm 3 years into a pension job, plan is to do the 20, although I'll be vested at 10 and will look around just for due diligence. We'll retire no later than 62 for me and 58ish for her. Plan is no debt, and live off...
by jerrysmith
Wed Nov 04, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Would a $1MM inheritance change your retirement plans?
Replies: 113
Views: 10259

Re: Would a $1MM inheritance change your retirement plans?

We're not high earners and are working pension jobs so 1mil would change everything.
Having said that, I'd probably work a few more years to get vested in my pension (wife is 20yrs into hers) then retire.
Great scenario to be in OP.
by jerrysmith
Mon Nov 02, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Else Feel Broke Trying to Maintain a High Savings Rate?
Replies: 114
Views: 12013

Re: Anyone Else Feel Broke Trying to Maintain a High Savings Rate?

I'm seriously averse to paying too much for a home. Recently we refi'd into a 10yr that put our mortgage after escrow at 1350. Our gross is in the 135k range so I'd definitely feel tight if I were paying it on 65k.
by jerrysmith
Wed Oct 21, 2020 12:25 pm
Forum: Personal Consumer Issues
Topic: Ideal City to live in?
Replies: 160
Views: 11811

Re: Ideal City to live in?

That lists most of the cities in the southeastern part of the US. Nashville, Atlanta, Charlotte. Chattanooga isn't that big but has amazing natural resources. St. Louis does get chilly but I really enjoy visiting and could see myself living there. I live in Birmingham which checks some of those boxe...
by jerrysmith
Thu Oct 08, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Always check your bank statements
Replies: 37
Views: 4910

Re: Always check your bank statements

I don't check monthly bank statements (E-Statements from my credit union) but I use YNAB for budgeting so I reconcile pretty much daily, minimum of every week day and occasionally on weekends.
by jerrysmith
Tue Jul 21, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance - Owe under $200K - Best Rates
Replies: 12
Views: 1295

Re: Mortgage Refinance - Owe under $200K - Best Rates

I'm in the middle of a refi to a 10. Well under 200k and it's 2.75 fixed w/ Regions Bank.
by jerrysmith
Fri Jul 17, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring from a career in tech
Replies: 104
Views: 11016

Re: Retiring from a career in tech

Consulting is a good choice but have you considered working for a University? I do cybersecurity for one and while there are moments (it is IT after all) it's the most laid back job I've ever had. You'll want to wait for covid to pass of course.
by jerrysmith
Fri Feb 07, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: How do you track your monthly expenses/overall financial picture?
Replies: 37
Views: 3742

Re: How do you track your monthly expenses/overall financial picture?

We use YNAB for budgeting/expense tracking. Changed our lives.

Not big investors, I have an IRA containing roll overs from previous gigs.
I don't own individual securities so I just check the IRA quarterly.
Everything else is still in pensions/457/403 and I look at quarterly as well.
by jerrysmith
Fri Feb 07, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 45386

Re: Engineers - What are you making? ($$$)

InfoSec Eng
BA, MSEng
Work for a University. 90k, pension and 6% match on 457b. VLCOL area.
I could make more elsewhere but I like the job, stability and pension.
Not planning on leaving.
by jerrysmith
Sat Feb 16, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Use IRA to pay Student Loan?
Replies: 2
Views: 268

Use IRA to pay Student Loan?

Hello everyone. I'm new to the board. I've been reading posts as well as all of Mr. Bogle's (rip) books. I have a question for you all. Married and both my wife and I work in jobs that have a state pension. She is pretty deep into hers with 17-18 years of service and will likely do 25-30. I'm relati...
by jerrysmith
Sat Feb 16, 2019 2:23 pm
Forum: US Chapters
Topic: Any interest in a Shelby/Jefferson County AL chapter?
Replies: 53
Views: 34550

Re: Any interest in a Shelby/Jefferson County AL chapter?

Joined today. Live in Alabaster, work in the city. I'd love to say hello in person!