Search found 5 matches

by FriedBaloney
Fri Jun 07, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Job offer includes stock options. What do I need to know?
Replies: 7
Views: 719

Job offer includes stock options. What do I need to know?

I am expecting a job offer from a small healthcare startup. They say they offer stock options. I’ve never been offered stock options so I don’t know if this is a good thing or if it’s just hot air that the company thinks makes them sound appealing. How many is reasonable for them to offer or for me ...
by FriedBaloney
Thu Jun 06, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: W4 changes after getting married and having a baby
Replies: 10
Views: 662

Re: W4 changes after getting married and having a baby

I don't trust W4 calculators. If you did your own taxes last year, then do a predictive 2019 return with your best estimate of your total (both) income, plus the new tax status of MFJ, and see how much you will owe. How does that compare to your current tax deduction times the number of future pay ...
by FriedBaloney
Thu Jun 06, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: W4 changes after getting married and having a baby
Replies: 10
Views: 662

Re: W4 changes after getting married and having a baby

I just ran your numbers (very roughly) and I get much much less tax due (more than $2k less). I would double check your calculations. I assume you are using the IRS calculator. Does employer offer an DC FSA? This might be useful for you. I did use the IRS calculator but have clearly entered some in...
by FriedBaloney
Thu Jun 06, 2019 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: W4 changes after getting married and having a baby
Replies: 10
Views: 662

Re: W4 changes after getting married and having a baby

With $1,200/mo infant daycare, does it make financial sense for your spouse to work for $30k/year? And congrats on the new family! Thank you! That's something we've discussed, too. I looked at our numbers again last night and our salaries are closer to $93k/ $38k, which helps, but there is still th...
by FriedBaloney
Tue Jun 04, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: W4 changes after getting married and having a baby
Replies: 10
Views: 662

W4 changes after getting married and having a baby

Hi- I got married in December 2018 and we filed jointly for 2018. We had a baby in January 2019. I'm confused about if I should change my W4 withholding. I'm confused because I always heard that once you have a baby you get a favorable tax credit, hence everyone around me willing Baby to arrive on D...