Search found 533 matches

by NewMoneyMustBeSmart
Mon Jun 21, 2021 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Job opportunity dilemma (albeit good) - Need advice desperately!!
Replies: 35
Views: 2692

Re: Job opportunity dilemma (albeit good) - Need advice desperately!!

anon_investor wrote: Sun Jun 20, 2021 11:43 pm You are still young, whatever you decide, make sure not to burn any bridges.
I agree, but I burned more bridges that most people see in their careers, and I still succeeded. But not as much as I could have!
by NewMoneyMustBeSmart
Mon Jun 21, 2021 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Job opportunity dilemma (albeit good) - Need advice desperately!!
Replies: 35
Views: 2692

Re: Job opportunity dilemma (albeit good) - Need advice desperately!!

I have already gone through all the interviews (4 interview - 1 hour each + cognitive assessment, etc) so it has been an extensive process to say the least but overall everything has gone very smooth. Wow, that doesn't sound at all extensive to me. We decision will be made in the next 2 weeks and I...
by NewMoneyMustBeSmart
Sun Jun 20, 2021 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 87
Views: 10613

Re: Golden Handcuffs

Chris33 wrote: Sun Jun 20, 2021 5:42 pmI haven't commented in a long time, but I'd love to hear from the "winners."
What will you do after you retire. Don’t retire until you figure that out.

Could you go to half time?
by NewMoneyMustBeSmart
Sat Jun 19, 2021 10:16 am
Forum: Personal Investments
Topic: RSUs-sell or keep (FAANG)
Replies: 28
Views: 2009

Re: RSUs-sell or keep (FAANG)

1) The most recent RSUs were vested about a week ago. What would be my tax implications if we sell them now? Short-term capital gain tax? The amount I want to sell would be around $150K. 2) What would be the tax implications for those RSUs that we have had for more than a year if I want to sell mor...
by NewMoneyMustBeSmart
Sat Jun 19, 2021 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Changing from Cash Purchase to Mortgage
Replies: 2
Views: 323

Changing from Cash Purchase to Mortgage

Hello, Summary: Will a bank care about financing a mortgage for a property with a purchase contract that says "Cash Sale?" We recently closed on a purchase contract to buy a new primary residence. In the original purchase contract we wrote down (and signed) "Cash Purchase." We we...
by NewMoneyMustBeSmart
Wed Jun 16, 2021 9:20 pm
Forum: Personal Investments
Topic: ISO stock options exercise strategy after quit
Replies: 14
Views: 1153

Re: ISO stock options exercise strategy after quit

And if you hadn't been lucky, do you think you'd be here giving that advice now? People who got lucky in the casino make a lot of noise, the majority just silently take their losses. Hard to say. You're describing confirmation bias, and I don't think that's it. The expected value should be consider...
by NewMoneyMustBeSmart
Tue Jun 15, 2021 7:25 pm
Forum: Personal Investments
Topic: ISO stock options exercise strategy after quit
Replies: 14
Views: 1153

Re: ISO stock options exercise strategy after quit

Could someone please let me know your experience or strategy for such situation? Sell all in 90 days? Or hold? Or hybrid, i.e. sell 1/3 and buy back another 2/3 to hold? Risk, tax etc??? I bought them as they vested to minimize AMT, but unless you have a time machine, my experience and recommendtio...
by NewMoneyMustBeSmart
Tue Jun 15, 2021 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Mentorship - Engineering to Business
Replies: 24
Views: 2181

Re: Mentorship - Engineering to Business

heard). Are the questions listed below appropriate questions to ask? I have a feeling they might be too personal but these are the answers I'm after.] I don't like your questions; they seem canned. Maybe just my style. Here's what I'd respond to if I were the fellow you want to talk with: Dear NewM...
by NewMoneyMustBeSmart
Sun Jun 13, 2021 11:52 am
Forum: Investing - Theory, News & General
Topic: Question about how/why the super-rich pay so little in tax
Replies: 29
Views: 2233

Re: Question about how/why the super-rich pay so little in tax

So you all think basically they take out loans and DO NOT REPAY THEM AT ALL during their lifetime, and then the estate pays off the loans with stocks that are sold after death with a stepped up basis? But what kind of loan does not require any yearly/monthly payment (and then is payed off all at on...
by NewMoneyMustBeSmart
Sun Jun 13, 2021 10:50 am
Forum: Personal Investments
Topic: At what point do you stop contributing to employer sponsored retirement plans?
Replies: 34
Views: 4929

Re: At what point do you stop contributing to employer sponsored retirement plans?

go2run wrote: Fri Jun 11, 2021 5:43 pm Current Contributions:
$27,850 his Roth 401k (includes EE and employer contributions)
$19,000 her 457 (pre-tax)
+$10,500 her Voluntary Additional Contribution
$50,000 taxable
*Unable to contribute directly to Roth IRA due to income limits
Does it make sense to do a backdoor Roth in addition?
by NewMoneyMustBeSmart
Tue Jun 08, 2021 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: WF or Schwab Jumbo Mortgage?
Replies: 9
Views: 934

Re: WF or Schwab Jumbo Mortgage?

Your WF rate is horrible if that is what you are getting after the $1M asset discount (0.5% discount). If that is true, that means your starting rate is 3.375%. For comparison, I am currently rate locked for 2.625% at WF not including any kind of asset discounts. Maybe. Is yours conforming or non-c...
by NewMoneyMustBeSmart
Sat Jun 05, 2021 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: WF or Schwab Jumbo Mortgage?
Replies: 9
Views: 934

WF or Schwab Jumbo Mortgage?

Would you advise against using Wells Fargo v. Schwab for a somewhat better deal? Both Wells Fargo and Schwab are offering a mortgage at 2.875% Fixed 30 Year (jumbo). House is 2.5M. Schwab won't do 20% down; they want 25% down. WF will do 20% down, and to get the rate I have to move $1M to them. I've...
by NewMoneyMustBeSmart
Sat May 29, 2021 7:47 pm
Forum: Investing - Theory, News & General
Topic: "Stay the course"?
Replies: 27
Views: 4786

Re: "Stay the course"?

I’m often inclined to change my asset allocation, and I know of no clear rationale for not doing so. Take note of Mr. Emerson's words, with especial focus on the word "foolish": A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines...
by NewMoneyMustBeSmart
Sat May 29, 2021 3:52 pm
Forum: Personal Consumer Issues
Topic: Home Weather Station
Replies: 26
Views: 2153

Re: Home Weather Station

On the flip side, has anyone invested in home weather station and found it underwhelming? Thanks... We purchased this: https://www.cabelas.com/shop/en/acurite-5-in-1-weather-center-with-color-display I like it. It's nice to have. I'm not underwhelmed. You might also like to consider purchasing this...
by NewMoneyMustBeSmart
Tue May 25, 2021 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Opportunity - should I take it?
Replies: 23
Views: 4027

Re: Opportunity - should I take it?

bruingent wrote: Fri May 21, 2021 8:14 pm I mean "a Yacht", and "clean single means no kid attached or previous marriage"
What did you mean when you said "... is a cardiologist?"
by NewMoneyMustBeSmart
Sun May 23, 2021 5:15 pm
Forum: Personal Investments
Topic: cash out refinance and index fund
Replies: 24
Views: 2174

Re: cash out refinance and index fund

Hi, With current interest rate being this low, I have wondered if it is ever worth doing a cash out refinance and investing the extra cash in lump sum in index fund (sp500, total market or even QQQ). My assumption is that you will be hold the loan and pay it off no longer than 5 years. It seems tem...
by NewMoneyMustBeSmart
Sun May 23, 2021 11:45 am
Forum: Personal Investments
Topic: Anyone use Acretrader?
Replies: 9
Views: 1394

Re: Anyone use Acretrader?

I invested in the company FarmTogether, and have invested in several farmland LLCs with them, mostly tend to be fruit orchards on the west coast.

I also invest in AcreTrader LLCs which tend to be more row crops in the midwest. So far, I'm pleased, but have no ROI as of yet.
by NewMoneyMustBeSmart
Tue May 18, 2021 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting job with no plan- Please help assess my situation
Replies: 95
Views: 9273

Re: Quitting job with no plan- Please help assess my situation

2Scoops wrote: Mon May 17, 2021 11:50 am I’m also not wired to put things in neutral.
I wonder how you'll do in retirement with that wiring.
by NewMoneyMustBeSmart
Sat May 15, 2021 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8888 I-Bonds Overpayment
Replies: 2
Views: 293

Re: Form 8888 I-Bonds Overpayment

The max amount you can get back in I Bonds from Form 8888 is $5000 per tax return. A MFJ couple files only one return and can only get $5000 on that return. And to clarify, 'overpayment' includes both intentional direct overpayments via IRS Direct Pay/EFTPS as well as systematic over-withholding fr...
by NewMoneyMustBeSmart
Sat May 15, 2021 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Form 8888 I-Bonds Overpayment
Replies: 2
Views: 293

Form 8888 I-Bonds Overpayment

Can someone confirm that for MFJ, the maximum overpayment to I-Bonds is $5,000.00 per couple, not per individual filing MFJ?

Thanks!
by NewMoneyMustBeSmart
Sun May 02, 2021 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Input on buying expensive house
Replies: 3
Views: 804

Input on buying expensive house

Summary : Help me strategize how to finance new expensive house In contract for $2.5M to close July 31, 2021 (90 days away). Trying to decide best way to finance it. We have plenty of assets/cash; credit score 800, income high etc... Your input appreciated! I have a few questions, some strategic an...
by NewMoneyMustBeSmart
Fri Apr 30, 2021 10:22 pm
Forum: Personal Investments
Topic: Job offer with major increase in salary
Replies: 17
Views: 2069

Re: Job offer with major increase in salary

BigWhiteboard wrote: Fri Apr 30, 2021 8:06 pm How's the best way to invest in my future with my new salary?
Spend as little as possible.

Put as much of your income as possible into tax deferred savings.

Put as much of your income as possible into VTI.
by NewMoneyMustBeSmart
Wed Apr 28, 2021 9:02 pm
Forum: Personal Investments
Topic: Which Brokerages Offer Good Perks for High AUM?
Replies: 26
Views: 2901

Re: Which Brokerages Offer Good Perks for High AUM?

Hannibal Barca wrote: Wed Apr 28, 2021 11:29 am I'm curious what perks / benefits brokerages might offer if I were to concentrate some or all of those funds in one place.
Schwab gave me a very low (Federal Funds Rate+1%=1.25% today) margin rate along with several thousand dollar bonus to move money into them and keep it for a year. ACATS FTW.
by NewMoneyMustBeSmart
Wed Apr 28, 2021 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee's Powers to invest in oil!? minerals?
Replies: 10
Views: 936

Re: Trustee's Powers to invest in oil!? minerals?

I'm reading over a draft of my RLT before meeting with lawyer tomorrow. I see that there are sections giving the Trustee power to invest in all sorts of ways: purchase bonds at premium, invest in unproductive property, lease for oil development....:-\ I read similar (exact?) language on my revocabl...
by NewMoneyMustBeSmart
Tue Apr 27, 2021 12:09 am
Forum: Personal Consumer Issues
Topic: Superautomatic Coffee Machine: Jura or other?
Replies: 10
Views: 1474

Re: Superautomatic Coffee Machine: Jura or other?

I don’t know if it’s better. I think it’s really good.

I empty the waste tray daily after family has 6-8 cups.

It rinses often and requires frequent cleaning.

Flavor and reliability are good. Customization, programming, automation, and convenience are good.
by NewMoneyMustBeSmart
Sun Apr 25, 2021 10:46 am
Forum: Personal Consumer Issues
Topic: Superautomatic Coffee Machine: Jura or other?
Replies: 10
Views: 1474

Re: Superautomatic Coffee Machine: Jura or other?

Highly recommend Miele espresso/coffee makers. Had a Breville and like this better
by NewMoneyMustBeSmart
Wed Apr 21, 2021 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?
Replies: 50
Views: 6048

Re: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?

Can you please not give the IRS more work? They are running slow as it is and are playing an important role to keep this country rolling. They aren’t there for people to find a way to make credit card points. Who you’re hurting is whoever’s time you wasting there that has to have their salary paid....
by NewMoneyMustBeSmart
Wed Apr 21, 2021 9:53 pm
Forum: Investing - Theory, News & General
Topic: Fund of Funds Question
Replies: 10
Views: 786

Re: Fund of Funds Question

chris319 wrote: Wed Apr 21, 2021 9:35 pm Am I correct in my thinking about this?
You are likely correct in thinking about this. More importantly, what does your cousin think?
by NewMoneyMustBeSmart
Wed Apr 21, 2021 9:52 pm
Forum: Personal Consumer Issues
Topic: Sale of Expensive Home--Limit Showing
Replies: 34
Views: 3455

Re: Sale of Expensive Home--Limit Showing

cowdogman wrote: Tue Apr 20, 2021 12:19 pm I am trying to come up with some reasonable restrictions on the listing agent (whoever it might be) in furtherance of protecting our privacy and property.
require pre-approval letter or proof-of-funds.

We're shopping now and this is trivial for me to get, but not for joyriders?
by NewMoneyMustBeSmart
Tue Apr 06, 2021 8:26 pm
Forum: Personal Investments
Topic: Reworking my investments: follow-up
Replies: 8
Views: 1116

Re: Reworking my investments: follow-up

Basically, I'd like to stick with Schwab funds because that's where my accounts are right now, and I can buy their funds without being charged a service fee. Why mutual funds v. ETFs? Higher fees, lower liquidity, same composition..... If going with Schwab funds, the MFs and “corresponding” ETFs ar...
by NewMoneyMustBeSmart
Mon Apr 05, 2021 8:53 pm
Forum: Personal Investments
Topic: Reworking my investments: follow-up
Replies: 8
Views: 1116

Re: Reworking my investments: follow-up

zorkb45 wrote: Mon Apr 05, 2021 1:50 pm Basically, I'd like to stick with Schwab funds because that's where my accounts are right now, and I can buy their funds without being charged a service fee.
Why mutual funds v. ETFs? Higher fees, lower liquidity, same composition.....
by NewMoneyMustBeSmart
Mon Apr 05, 2021 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Jobhunting after Covid-19 quit
Replies: 35
Views: 4511

Re: Jobhunting after Covid-19 quit

My adult child (AC) voluntarily left the workforce when the pandemic hit. At that time, AC was working retail part-time and going to school part-time (tech certificate at community college). That is how AC has spent most of the couple years since college graduation. .... I was thinking of “I chose ...
by NewMoneyMustBeSmart
Sun Apr 04, 2021 10:19 pm
Forum: Personal Consumer Issues
Topic: Too many Costco returns?
Replies: 7
Views: 2493

Re: Too many Costco returns?

There's probably a limit somewhere, but I'm pretty sure Costco will *always* honor their policies, and at worst, will cancel the membership.

I have absolutely no compulsions about returning things to Costco or Amazon.
by NewMoneyMustBeSmart
Sun Apr 04, 2021 10:17 pm
Forum: Personal Investments
Topic: Reworking my investments: follow-up
Replies: 8
Views: 1116

Re: Reworking my investments: follow-up

zorkb45 wrote: Sun Apr 04, 2021 7:45 pm Since I'm with Schwab, I'd like to stick with their funds for now.
Zork! Love it.

This sentence - use schwab because brokerage with schwab makes no sense to me. It's a commodity market, I'd go with what's best.
by NewMoneyMustBeSmart
Sat Mar 20, 2021 10:01 am
Forum: Personal Investments
Topic: Average Bond Duration and Makeup
Replies: 4
Views: 583

Average Bond Duration and Makeup

Hello Friends, I recently reduced my MUB and LQD holdings in half and moved to VTEB and MUST. I did this based on a conversation about average bond duration, with shorter bond durations being less vulnerable to a market value reduction when interest rates rise. Since doing that, I see that indeed, l...
by NewMoneyMustBeSmart
Mon Mar 15, 2021 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Asking HR for a raise
Replies: 52
Views: 5066

Re: Asking HR for a raise

RetireSomeday5 wrote: Mon Mar 15, 2021 12:47 pm In setting up the new hire, I have permission to hire someone up to X, which is actually 10% more than I make :oops:
Easy question! Apply for the job at the 10% raise!
by NewMoneyMustBeSmart
Mon Mar 15, 2021 6:29 pm
Forum: Personal Investments
Topic: Personal Capital pressures
Replies: 29
Views: 3395

Re: Personal Capital pressures

My mother-in-law hired Personal Capital two years ago and has been really happy, but she knew next to nothing about personal finance and was about to (and since then, has) retire so the financial planning services were highly beneficial to her. For someone like yourself who only intends to use the ...
by NewMoneyMustBeSmart
Sat Mar 13, 2021 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: If I pay my income tax using my credit card with a high rewards percentage, do I need to pay taxes on the rewards?
Replies: 43
Views: 3397

Re: If I pay my income tax using my credit card with a high rewards percentage, do I need to pay taxes on the rewards?

Off topic, but what card gives 3%? Good question. The best card I have is BoA cash rewards at 2.25%. I think the lowest fee for IRS CC payments is 1.97%. So only .28% net. There are occasions (especially with biz cards) where you can get as much at 5%, albeit capped. I was able to get around $250 c...
by NewMoneyMustBeSmart
Sat Mar 13, 2021 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics for dealing with a windfall
Replies: 7
Views: 754

Re: mechanics for dealing with a windfall

LadyGeek wrote: Sat Mar 13, 2021 6:43 pm That's up to you. The wiki has a link to the FDIC insurance calculator: Tools and calculators (Insurance for deposit accounts)
Agreed.

If one works through that calculator, they might find that a couple with 3 beneficiaries is covered up to $1.5M in a single account.
by NewMoneyMustBeSmart
Sat Mar 13, 2021 6:41 pm
Forum: Personal Investments
Topic: How to sell out of IPO stock in early release period?
Replies: 14
Views: 1542

Re: How to sell out of IPO stock in early release period?

I've now sold about 50% of my total grant and have cleared enough of the table that I'm willing to be a bit more risky with the rest and wait for a higher price. This might be a foolish thing to do, but I have enough to put in investments + emergency funds + down payment that the company's stock pr...
by NewMoneyMustBeSmart
Sat Mar 13, 2021 6:38 pm
Forum: Personal Investments
Topic: How to sell out of IPO stock in early release period?
Replies: 14
Views: 1542

Re: How to sell out of IPO stock in early release period?

Before selling, I highly recommend to find out if your options are qualified small business stock. If they are, and you’ve held them for at least five years, the gains are tax free from federal capital gains, and potentially free from state tax. Look up section 1202 exclusions . QSBS works if > 5 y...
by NewMoneyMustBeSmart
Fri Mar 12, 2021 10:50 pm
Forum: Personal Investments
Topic: How to sell out of IPO stock in early release period?
Replies: 14
Views: 1542

Re: How to sell out of IPO stock in early release period?

Hi Bogleheads, I have about 5k vested ISOs in a public company that has an early release window (when you can sell before 180 day lockup period). I am allowed to unload 15% of vested options in the early release window. Strike price for me is about $5 and current market price is about $50. What is ...
by NewMoneyMustBeSmart
Sun Feb 28, 2021 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $2.5M first home?
Replies: 185
Views: 14922

Re: Can we afford a $2.5M first home?

Can we afford $2.5m house with down payment of $500k ($12k-13k mortgage)? Current Situation ... You can afford it, but it will take away from your long term wealth. I'd buy half the house and put the rest in VTI. That's $250k in VTI + $6k/mo... https://www.portfoliovisualizer.com/monte-carlo-simula...
by NewMoneyMustBeSmart
Sat Feb 27, 2021 1:45 pm
Forum: Personal Investments
Topic: Please help, lost stock found
Replies: 5
Views: 1291

Re: Please help, lost stock found

The bank was totally bought out by Ameris Bank and people that had the final S stock either sold to Ameris at $425. per share or could get into Ameris stock Here's what I would do. I would write a nice letter to Ameris bank saying: " I am a shareholder of ProsperityBank which I have recently c...
by NewMoneyMustBeSmart
Fri Feb 26, 2021 11:23 am
Forum: Personal Finance (Not Investing)
Topic: When to get a second and third opinion on a personal tax issue?
Replies: 13
Views: 1128

Re: When to get a second and third opinion on a personal tax issue?

He noted this is the conservative approach in an area where there is no clear cut answer. The position of the second CPA is based on the Internal Revenue Code. Just taking these two statements at face value, there is a group of people who would always go with 1) and a group who would always go with...
by NewMoneyMustBeSmart
Thu Feb 25, 2021 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: When to get a second and third opinion on a personal tax issue?
Replies: 13
Views: 1128

Re: When to get a second and third opinion on a personal tax issue?

Three thoughts: I'd do the aggressive thing and blame the CPA that said I could if it didn't work out. I'd get CPA #2s advice in writing. Penalties + interest from IRS are unlikely, I would think. You might be throwing good money after bad. 1% of your net worth at risk and you've incurred costs of 0...
by NewMoneyMustBeSmart
Wed Feb 24, 2021 8:27 pm
Forum: Personal Consumer Issues
Topic: A gift for DW
Replies: 58
Views: 4344

Re: A gift for DW

kamikazekid wrote: Wed Feb 24, 2021 1:16 pm DW is about to finish her PhD in life sciences after 8 years of hard work.
I bought my wife a Rolex when she got her PhD in the mail. It was the last thing she wanted or would ask for but she loves it.
by NewMoneyMustBeSmart
Mon Feb 15, 2021 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger on a solar install
Replies: 37
Views: 5022

Re: Pulled the trigger on a solar install

Poster is correct for generation costs: https://www.eia.gov/electricity/annual/html/epa_08_04.html What it costs to generate, and what one pays are decoupled for several reasons. One is the cost of transmission. The second is government modifications to prices. Others impact this as well. I think th...
by NewMoneyMustBeSmart
Sat Feb 13, 2021 10:05 am
Forum: Personal Investments
Topic: Obtaining from Schwab the list of investment cost basis and date of purchase
Replies: 3
Views: 309

Obtaining from Schwab the list of investment cost basis and date of purchase

Hello, Can I download all lot information including cost basis and date of acquisition from Schwab? I moved some assets to Schwab 6 months ago and I'm fairly happy. There is one thing I want to do and I can't figure out how to do it. In the primary account, I have ~20 equities. (Man, this would be e...
by NewMoneyMustBeSmart
Wed Feb 10, 2021 9:05 pm
Forum: Personal Investments
Topic: Custodial account for minor - taxable?
Replies: 23
Views: 1443

Re: Custodial account for minor - taxable?

You said it was a custodial account. This means that the child's SSN is on the account and the child's parents are responsible for making sure the child submits a tax return if needed. The 1099 for the account should go to the child's parent, but it will probably be sent to the custodian of the acc...