Search found 64 matches

by mottooscillator
Wed Feb 26, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Job interview question: how do I explain wanting to leave my current job so soon?
Replies: 34
Views: 4042

Re: Job interview question: how do I explain wanting to leave my current job so soon?

Beyond 1 year of employment I wouldn't expect to hear that type of question. If asked, I would say something along the lines of: "I went into the role with expectations on the culture and integrity of my employer. After some time, it became clear to me that my expectations were not shared by the com...
by mottooscillator
Sat Feb 22, 2020 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5687

Re: San Francisco with a Family

Find the company HQ on a map and the proximity to 4th+King. That's the Caltrain terminal. Then look down the peninsula for homes near a Caltrain stop, preferably one with an express train. Once you get "into the game" in a Silicon Valley firm, you can switch jobs easily after a few years to live clo...
by mottooscillator
Sat Feb 22, 2020 10:41 pm
Forum: Personal Investments
Topic: Maxed out tax advantaged contributions, now what?
Replies: 24
Views: 1579

Re: Maxed out tax advantaged contributions, now what?

I'm in a similar boat so here are a few things I've been doing. Just to make sure you truly have maxed out your options. Funding/superfunding a 529 plan. You say you are contributing on a monthly basis. Be advised you can go up to $15k/year/parent *and* do a 5x superfunding round without impacting l...
by mottooscillator
Mon Feb 17, 2020 10:55 pm
Forum: Personal Investments
Topic: Portfolio Advice -- Age 40, anything to optimize?
Replies: 5
Views: 1129

Re: Portfolio Advice -- Age 40, anything to optimize?

I did an in kind transfer from Wealthfront to Vanguard last year. That account was around $300k when I did it and has grown to $317k. In the interim, Vanguard did away with trading fees. I'm waiting for long term capital gains before I sell most of it and reinvest according to my AA and chosen Vangu...
by mottooscillator
Mon Feb 17, 2020 11:03 am
Forum: Personal Investments
Topic: Single stocks... would you?
Replies: 125
Views: 8746

Re: Single stocks... would you?

Almost everyone has dabbled in single stocks until they matured and went diversified. We almost always have to learn the hard way. Nevertheless, doubling an investment in AAPL or whatever is not worth much if all you had put into it was just a few percent of your Net Worth. Did you have the nerve t...
by mottooscillator
Sun Feb 16, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: $2-2.5M House?
Replies: 77
Views: 7779

Re: $2-2.5M House?

How soon could you retire without buying the new house? That would surely reduce your commute ... to zero.
by mottooscillator
Sun Feb 16, 2020 7:46 pm
Forum: Investing - Theory, News & General
Topic: At what age did you begin adding bonds?
Replies: 138
Views: 7558

Re: At what age did you begin adding bonds?

About 40 as part of my Wealthfront robo portfolio.
by mottooscillator
Sun Feb 16, 2020 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Should you always use a 529?
Replies: 106
Views: 15642

Re: Should you always use a 529?

<snip> I thought I remember reading somewhere that it varies by state, but what happens if a 529 reaches its growth limit (ie. $500,000)? Does it automatically get cashed out and the cash just sits there until you use it or take it out? Sits. The limits are typically per state per beneficiary and c...
by mottooscillator
Sun Feb 16, 2020 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Out of State Colleges - Good Computer Science Bargains?
Replies: 65
Views: 4593

Re: Out of State Colleges - Good Computer Science Bargains?

Test prep, retake ACT, apply to UofI Champaign. It's a hard program but worth it.

If they can't crack it, there are plenty of easier majors.
by mottooscillator
Sun Feb 09, 2020 10:57 am
Forum: Personal Investments
Topic: Include 529 in overall asset allocation??
Replies: 24
Views: 1396

Re: Include 529 in overall asset allocation??

I'm an outlier here in that I do include it. I worked with a financial planner from Vanguard who helped me come up with a plan and a target asset allocation. One reason I chose to include my 529 is that my retirement date is set to coincide pretty closely with when my kid will start college.
by mottooscillator
Sat Feb 08, 2020 10:35 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 360
Views: 57245

Re: Whats your number to walk away?

My number is $12M at age 60. Current NW is just north of $2M. We live in a VHCOL area and at age 60 plan to have the house fully paid off, fully funded college fund for our kid and a SWR of about 2%. We'll hold off on drawing SS till 70.
by mottooscillator
Sat Jan 25, 2020 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 44099

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

shans2000 wrote:
Fri Jan 24, 2020 6:52 pm
mottooscillator wrote:
Thu Jan 23, 2020 12:17 am
Engineer in Bay Area. Total compensation: $1M/year.

Salary: $300,000
Bonus: $100,000
Stock: $600,000
That is outstanding! How many years experience and is it FANG?
FANG, 20 yoe+, 15+ in Bay Area
by mottooscillator
Thu Jan 23, 2020 12:35 am
Forum: Personal Finance (Not Investing)
Topic: FANG - Salary expectation for Sr Engineer
Replies: 17
Views: 3685

Re: FANG - Salary expectation for Sr Engineer

Totally depends on the company. Upper end is Facebook, and levels.fyi has the best data.

Could be looking at $500k+ or more depending on how he interviews and what company/location he winds up in.
by mottooscillator
Thu Jan 23, 2020 12:29 am
Forum: Personal Consumer Issues
Topic: AP Computer Science A online course recommendations
Replies: 33
Views: 2309

Re: AP Computer Science A online course recommendations

I took the AP Computer Science test in High School but only scored a 3/5 and therefore didn't get any college credit.
by mottooscillator
Thu Jan 23, 2020 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 44099

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

Engineer in Bay Area. Total compensation: $1M/year.

Salary: $300,000
Bonus: $100,000
Stock: $600,000
by mottooscillator
Thu Jan 02, 2020 10:27 pm
Forum: Personal Investments
Topic: Contributing to Wife's tIRA at Vanguard
Replies: 12
Views: 714

Re: Contributing to Wife's tIRA at Vanguard

Thanks for the replies. I don't have any paper checks and would prefer not to add her name to my checking account. I could go the long way round on this and wire/deposit the money to her checking account and have her do the deposit. I think I'll complete the Vanguard power of attorney form against ...
by mottooscillator
Thu Jan 02, 2020 9:45 pm
Forum: Personal Investments
Topic: Contributing to Wife's tIRA at Vanguard
Replies: 12
Views: 714

Re: Contributing to Wife's tIRA at Vanguard

Thanks for the replies. I don't have any paper checks and would prefer not to add her name to my checking account. I could go the long way round on this and wire/deposit the money to her checking account and have her do the deposit. I think I'll complete the Vanguard power of attorney form against m...
by mottooscillator
Thu Jan 02, 2020 9:08 pm
Forum: Personal Investments
Topic: Contributing to Wife's tIRA at Vanguard
Replies: 12
Views: 714

Contributing to Wife's tIRA at Vanguard

I went to fund two tIRAs today at Vanguard, one for myself and one for my wife. Last year, we opened these accounts elsewhere and transfered them to Vanguard to consolidate many accounts in one broker. I was able to schedule a $6000 payment into my tIRA. When I tried to do the same for my wifes, I r...
by mottooscillator
Wed Dec 04, 2019 11:12 pm
Forum: Personal Investments
Topic: Does it make sense to defer 2019 Salary into 2020 401K?
Replies: 8
Views: 899

Re: Does it make sense to defer 2019 Salary into 2020 401K?

I'm doing this for my 2019 bonus payable in January 2020. My reasons are what you said, to front-load my 401k for 2020. We have an after tax 401k option as well so I'm putting almost all my bonus into the 401k.

Another benefits is securing any employer match should you decide to leave.
by mottooscillator
Sun Oct 20, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 173138

Re: What frugal thing did you do today?

Got free professional photo shoot for my young son in his Halloween costume.
by mottooscillator
Fri Oct 18, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a short career break in silicon valley
Replies: 13
Views: 3465

Re: Taking a short career break in silicon valley

Curious how close OP is to retirement. I think if I was burned out and close I might just retire early.
by mottooscillator
Thu Oct 17, 2019 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Handling a substantial salary increase - suggestions?
Replies: 27
Views: 4029

Re: Handling a substantial salary increase - suggestions?

I had a similar experience when I doubled my comp from around $500k to nearly $1M. The main benefit to me has been a massive increase in my savings rate. The increased comp and benefits and newcompany made me learn more about tax advantaged accounts and brought to bogleheads.
by mottooscillator
Mon Oct 14, 2019 11:56 pm
Forum: Personal Investments
Topic: 529 funding strategy/ inlaw debt management
Replies: 16
Views: 930

Re: 529 funding strategy/ inlaw debt management

Roughly the same thoughts here on 1 for one kid scenario. I'm going to do $15k each for me and my wife for 2019 and then superfund another $150k in 2020.
by mottooscillator
Mon Oct 07, 2019 9:46 pm
Forum: Personal Investments
Topic: Overfunding a 529 - weighing risk / reward
Replies: 18
Views: 2006

Re: Overfunding a 529 - weighing risk / reward

I'm in the same boat. Some ideas I've considered to offset a possible overfunding scenario: 1. Naming nieces/nephews as beneficiaries. We have just one kid. 2. Leaving our kid the beneficiary and getting a head start on grad school. 3. Taking the money back over for continuing education for me/wife ...
by mottooscillator
Sun Sep 29, 2019 5:14 pm
Forum: Personal Investments
Topic: Accounting for mortgage in retirement math
Replies: 20
Views: 1924

Re: Accounting for mortgage in retirement math

One difference: mortgages cease to be an expense when they are paid in full. Contrast with property taxes which go on indefinitely. Food, travel, etc. One other difference: mortgages tend to be one of the larger monthly expenses.
by mottooscillator
Sun Sep 29, 2019 3:08 pm
Forum: Personal Investments
Topic: Accounting for mortgage in retirement math
Replies: 20
Views: 1924

Re: Accounting for mortgage in retirement math

I'm in the same boat. I'm applying your first option and planning to pad by the amount still carried on my mortgage. At that point, I could decide to either keep that money invested hoping it would outpace my mortgage interest or pay off the mortgage outright. My property taxes are high and will obv...
by mottooscillator
Sun Sep 29, 2019 3:00 pm
Forum: Personal Investments
Topic: stock investing for house downpayment
Replies: 15
Views: 1543

Re: stock investing for house downpayment

I held a handful of stocks in anticipation of buying my first house. This was because I hadn't yet adopted a bogleheads style investment philosophy and didn't really know any better. I got lucky with stocks like AAPL, NFLX, AMZN and sold them all at considerable gain to fund my downpayment. One thin...
by mottooscillator
Tue Sep 03, 2019 8:26 pm
Forum: Personal Consumer Issues
Topic: Seeking WiFi solution
Replies: 35
Views: 2955

Re: Seeking WiFi solution

Mesh is very popular these days but I think it is rarely the correct choice. Instead, take a look at the Ubiquiti line of Wireless Access Points. They can be had for under $100 and I'm pretty sure two would cover your whole house. You might need a $50 switch as well.
by mottooscillator
Sun Aug 18, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Moving from Bay area, CA to Knoxville, TN
Replies: 98
Views: 7947

Re: Moving from Bay area, CA to Knoxville, TN

How old are you? How many years do you anticipate working? How close to paid off is your townhouse? I also live the Bay Area and considered moving prior to buying our house. I decided to stay. Part of my thought process was that I might be able to find a first job elsewhere in the country. I then re...
by mottooscillator
Thu Aug 15, 2019 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL savings rates
Replies: 43
Views: 3974

Re: HCOL savings rates

Household annual income just under $1M. Marginal tax rate is over 50%.

We're saving ~$385,000 so about 38.5% of gross. New job in 2018 so don't know what our net savings will be after taxes, maybe above 50%.

One tiny animal, non giraffe. He costs a bunch but is worth every penny.
by mottooscillator
Wed Aug 14, 2019 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: "Negotiating" Salary
Replies: 74
Views: 6278

Re: "Negotiating" Salary

In my opinion and experience, stating a number first when you are ill-informed as to the company's likely range can have two bad outcomes: 1. You grossly underestimate your value to them as a candidate and lower their expectations or estimation of how to value you as a candidate. This can result in ...
by mottooscillator
Wed Aug 14, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: "Negotiating" Salary
Replies: 74
Views: 6278

Re: "Negotiating" Salary

Worth noting here that in California an employer is no longer permitted to ask a candidate their salary history. Moreover, employers are required to make a salary range ("pay scale") available to candidates who ask. https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=LAB§...
by mottooscillator
Wed Aug 14, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: "Negotiating" Salary
Replies: 74
Views: 6278

Re: "Negotiating" Salary

There are two possible approaches, depending on how much the candidate knows about the probable salary range. 1. If they don't have good data, from others in the industry, reliable websites, friends, professional network, etc, the best answer is to stay mum. Say something like: "I don't have good da...
by mottooscillator
Mon Aug 12, 2019 11:26 pm
Forum: Personal Investments
Topic: Can having wealthy parents be a justification for a more aggressive investment strategy?
Replies: 97
Views: 8152

Re: Can having wealthy parents be a justification for a more aggressive investment strategy?

Wealthy parents are a common theme for young entrepreneurs and other investors in Silicon Valley. There is safety net of knowing even if a risky approach completely fails, you won't be out on the street. I think instead of looking at just your investment strategy you should look at how family wealth...
by mottooscillator
Sun Aug 11, 2019 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Mentoring in the office - what to expect?
Replies: 25
Views: 3245

Re: Mentoring in the office - what to expect?

Congratulations on securing a new mentor. I have both mentored and been mentored for the past 4-5 years. What I can say is that the agenda for the meetings ought to be created and communicated by the mentee (you). First, learn as much as you can about your mentor. That will give you some ideas of qu...
by mottooscillator
Sat Aug 10, 2019 9:37 pm
Forum: Personal Investments
Topic: I'm 31, and 95% stocks. Given economy indicators, would moving 20-30% to BND be "timing"?
Replies: 67
Views: 6793

Re: I'm 31, and 95% stocks. Given economy indicators, would moving 20-30% to BND be "timing"?

I'm in a similar boat. The way I've been thinking about it is there are two reasons to change asset allocation (one good, one bad): 1. Change in your life status: ability, willingness, need to take risk 2. Market timing Even if 2 is what brought this up in your mind, if you can evaluate 1 and come t...
by mottooscillator
Fri Aug 09, 2019 10:17 pm
Forum: Personal Investments
Topic: Robo advisor fund
Replies: 8
Views: 942

Re: Robo advisor fund

Allow me to amend my answer with a link to the relevant FAQ from Wealthfront. You *can* open or transfer various IRA accounts with them, just not 401k specifically.

https://support.wealthfront.com/hc/en-u ... y-support-
by mottooscillator
Fri Aug 09, 2019 6:49 pm
Forum: Personal Investments
Topic: Robo advisor fund
Replies: 8
Views: 942

Re: Robo advisor fund

I'm a little older than your daughter (44) and have been in a Wealthfront account for about five years now. I'm looking to move money out and into a Vanguard brokerage account. Part of my reason for having Wealthfront was that I wanted to automate the sale of RSUs and reinvest them in index funds. T...
by mottooscillator
Fri Aug 09, 2019 5:08 pm
Forum: Personal Investments
Topic: Do you pause while doing a Backdoor Roth?
Replies: 16
Views: 1435

Re: Do you pause while doing a Backdoor Roth?

See this article which espoused the view put forward but the Vanguard rep: https://www.kitces.com/blog/how-to-do-a-backdoor-roth-ira-contribution-while-avoiding-the-ira-aggregation-rule-and-the-step-transaction-doctrine/ He calls out the Step Transaction Doctrine. Kitces comments below the article: ...
by mottooscillator
Thu Aug 08, 2019 11:15 pm
Forum: Personal Consumer Issues
Topic: Silicon Valley Interview Attire
Replies: 30
Views: 3185

Re: Silicon Valley Interview Attire

Jeans or chinos, shirt with collar, nice shoes. No jacket, no tie.

Source: work for FANG in Silicon Valley, have interviewed hundreds, interviewed myself dozens of times with above.
by mottooscillator
Thu Aug 08, 2019 12:09 am
Forum: Personal Consumer Issues
Topic: wifi router, too many options!
Replies: 41
Views: 3365

Re: wifi router, too many options!

Forget the mesh and go with wired Ubiquiti.
by mottooscillator
Wed Aug 07, 2019 8:18 pm
Forum: Personal Investments
Topic: New Member Portfolio Analysis Request and some Questions
Replies: 11
Views: 1228

Re: New Member Portfolio Analysis Request and some Questions

One additional question if I may: I have a 3 year old child and I'd like to create a college fund for them. As I look at my retirement savings and forecast out my net worth, I believe I would reach a FI number of net worth sometime in the next 7 years or so. The child would likely need college money...
by mottooscillator
Tue Aug 06, 2019 10:52 pm
Forum: Personal Investments
Topic: I still don't understand the value of a Backdoor Roth for high income earners
Replies: 63
Views: 6589

Re: I still don't understand the value of a Backdoor Roth for high income earners

re: POF I read both articles again after seeing them mentioned in this thread. I just completed my second and third backdoor Roth conversions and wanted to make sure I wasn't making any mistake before I pulled the trigger. His writing had given me some pause. I think the most charitable reading of P...
by mottooscillator
Sun Aug 04, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Is our spending crazy?
Replies: 136
Views: 12701

Re: Is our spending crazy?

I'll provide a data point. Married, filing jointly, make about $900,000 together. That went up from about $450,000 a year ago. We tried to keep our expenses flat and bank the increase. We save about 40% gross. I'm trying to ratchet this up. Ideally more than 50%. Our monthly expenses are about $20,0...
by mottooscillator
Fri Aug 02, 2019 12:22 am
Forum: Personal Investments
Topic: How to choose the best 401k plan
Replies: 7
Views: 582

Re: How to choose the best 401k plan

I think you are typically better off doing a 401k rollover out of old employer plans and into an IRA. You'll have more investment options, freedom to chose your broker, and lower fees. I used a service called feex to investigate my former Fidelity 401k before (eventually) rolling it into my current ...
by mottooscillator
Thu Aug 01, 2019 9:59 pm
Forum: Personal Investments
Topic: What should I be doing financially?
Replies: 6
Views: 1815

Re: What should I be doing financially?

I thank you for your service.
by mottooscillator
Thu Aug 01, 2019 8:45 pm
Forum: Personal Investments
Topic: Vanguard Frustrations - No Free Trades/Matching Offers
Replies: 75
Views: 4358

Re: Vanguard Frustrations - No Free Trades/Matching Offers

First, thanks to OP for sharing the story. I'm in a similar situation in Wealthfront and slowly but surely consolidating all my assets in Vanguard. I started a new job last year and their 401k is with Vanguard. I've transferred my tIRA Wealthfront->Vanguard and converted it to Roth. I've also rolled...
by mottooscillator
Wed Jul 31, 2019 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 10279

Re: Bloomberg: Forget Tech, Medicine Still Pays More

I work for a FANG company. Tell the kid to try to get in on an internship. Note, Netflix doesn't do internships though. The benefits are many and with any decent effort, he can convert to a FTE.
by mottooscillator
Tue Jul 30, 2019 10:41 pm
Forum: Personal Investments
Topic: Stop myself from making bad trades
Replies: 35
Views: 2792

Re: Stop myself from making bad trades

I have a more insidious problem which is that I pick individual stocks and they seem to outperform the market. I started doing this before I fully understood index funds. Some examples: NFLX, bought at $22 AAPL, bought at $70 AMZN, bought at $585 In fairness, I have picked two losers: ETFC and SWIR....