Search found 44 matches

by mottooscillator
Sun Oct 20, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 121558

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: 3187

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: 3747

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: 852

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: 1818

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: 1813

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: 1813

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: 1377

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: 2764

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: 7458

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: 3733

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: 5926

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: 5926

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: 5926

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: 7845

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: 3031

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: 6521

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: 858

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: 858

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: 1380

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: 2845

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: 3032

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: 1108

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: 6385

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: 111
Views: 7503

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: 522

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: 1739

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: 4148

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: 9804

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: 2668

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....
by mottooscillator
Sun Jul 28, 2019 12:19 pm
Forum: Personal Investments
Topic: 529 for Nephew?
Replies: 23
Views: 1345

Re: 529 for Nephew?

You can put it under your own name, fund it immediately, and change the beneficiary whenever you want. That way you bypass the sister and the drama.

https://www.irs.gov/newsroom/529-plans- ... nd-answers

search beneficiary
by mottooscillator
Sat Jul 27, 2019 9:58 am
Forum: Personal Investments
Topic: New Member Portfolio Analysis Request and some Questions
Replies: 11
Views: 1108

Re: New Member Portfolio Analysis Request and some Questions

Debt: Mortgage 7/1 ARM @3.375%, $1.5M ... 2. What should I do with the ~$20,000 taxable funds per month going forward? I'm thinking 3-fund portfolio at Vanguard according to an overall portfolio AA of 90/10. Welcome! I’m not sure what your mortgage payoff strategy is, but with an ARM I’d strongly s...
by mottooscillator
Sat Jul 27, 2019 9:39 am
Forum: Personal Investments
Topic: New Member Portfolio Analysis Request and some Questions
Replies: 11
Views: 1108

Re: New Member Portfolio Analysis Request and some Questions

Can you add the fund names please? I tried to add the funds I'm invested in. I updated the post to add all those available in his/her 401k. One complication for me was just how many funds I'm in as part of the Robo Advisor. I tried to approximate that in the Taxable section. One other wrinkle is th...
by mottooscillator
Sat Jul 27, 2019 9:37 am
Forum: Personal Investments
Topic: New Member Portfolio Analysis Request and some Questions
Replies: 11
Views: 1108

Re: New Member Portfolio Analysis Request and some Questions

8. How is my tax diversification looking currently? Likely to play out given the trajectory above? Not sure what you mean exactly by tax diversification, do you mean tax efficiency? I'd recommend buying the bonds inside a non-Roth 401k/IRA instead of in a tax-exempt fund in taxable. The yields are ...
by mottooscillator
Sat Jul 27, 2019 3:18 am
Forum: Personal Investments
Topic: investment advise
Replies: 4
Views: 494

Re: investment advise

Maybe a taxable investment in a target date fund approximately set for 2030.
by mottooscillator
Sat Jul 27, 2019 2:57 am
Forum: Personal Investments
Topic: investment advise
Replies: 4
Views: 494

Re: investment advise

You could do a Traditional or Roth IRA or a 529.

How old is the kid? When would you need the money? How much? How sure are you they'll go to college? Anyone else you could name as beneficiary?
by mottooscillator
Sat Jul 27, 2019 1:55 am
Forum: Personal Investments
Topic: New Member Portfolio Analysis Request and some Questions
Replies: 11
Views: 1108

New Member Portfolio Analysis Request and some Questions

Emergency funds: Three months of expenses Debt: Mortgage 7/1 ARM @3.375%, $1.5M Tax Filing Status: Married Filing Jointly Tax Rate: 37% Federal, 11.3% State State of Residence: CA Age: 44 Desired Asset allocation: 90% stocks / 10% bonds Desired International allocation: 20% of stocks Please provide...
by mottooscillator
Thu Jul 25, 2019 11:38 pm
Forum: Personal Investments
Topic: Portfolio review: 37 years old, no debt, moderate risk level
Replies: 18
Views: 3002

Re: Portfolio review: 37 years old, no debt, moderate risk level

No comment on the asset allocation or portfolio but a bit of insight about Bay Area housing and cost of living from one transplant to the next. Housing is expensive here. Make sure you do your diligence. I'm on the peninsula and have been for 15 years or so. I love it here and wouldn't trade it for ...
by mottooscillator
Thu Jul 25, 2019 1:28 am
Forum: Personal Investments
Topic: Another on the right track question
Replies: 15
Views: 1260

Re: Another on the right track question

Pay off her car loan for starters
by mottooscillator
Sun Jul 21, 2019 1:36 pm
Forum: Personal Investments
Topic: WealthFront to Vanguard Questions & Portfolio Review
Replies: 13
Views: 1436

Re: WealthFront to Vanguard Questions & Portfolio Review

Tyler Aspect wrote:
Fri Jul 19, 2019 6:37 pm
The total of you percentages add up to 198.5%. For the purpose of making an analysis they need to add up to 100%. Can you edit your original post? Thanks.
Looks like OP has considered each account to be its own "portfolio"
by mottooscillator
Sat Jul 20, 2019 10:55 pm
Forum: Personal Investments
Topic: No 401k for a year
Replies: 11
Views: 1380

Re: No 401k for a year

Invest it in whatever you would have chosen inside your 401k.
by mottooscillator
Fri Jul 19, 2019 9:07 am
Forum: Personal Investments
Topic: 529 for Kindergarten
Replies: 9
Views: 1101

Re: 529 for Kindergarten

The rules changed with the 2017 Tax Cuts and Jobs Act (TCJA).

You can now use $10,000 per beneficiary per year for K-12 education:

https://www.irs.gov/newsroom/irs-offers ... an-changes
by mottooscillator
Thu Jul 18, 2019 9:04 pm
Forum: Personal Investments
Topic: Etrade denies promotion on $1 mil new account
Replies: 65
Views: 7765

Re: Etrade denies promotion on $1 mil new account

Are you worried about a spear phishing attack? Something else?

https://usa.kaspersky.com/resource-cent ... r-phishing
by mottooscillator
Wed Jul 17, 2019 11:18 pm
Forum: Personal Investments
Topic: Mega backdoor Roth - checking my steps
Replies: 10
Views: 1136

Re: Mega backdoor Roth - checking my steps

We probably work for the same MegaCorp. I've just gone through the steps with our plan myself and agree with the earlier commenter who said they were jealous of the plan and its features. Not to mention, the amazing ERs we've been able to negotiate. The process is pretty easy if a bit lengthy. https...