Search found 226 matches

by simas
Mon Aug 13, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 57
Views: 7861

Re: Huge mortgage mistake

I do not understand what is the problem you are trying to solve - could you please explain - your original thought was to keep huge emergency fund and have flexibility. ok, decent plan - no 'huge' mistakes here. - now you are very concerned about total amount of interest paid over many years and val...
by simas
Sun Aug 12, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Response from boss re: market analysis
Replies: 71
Views: 7273

Re: Response from boss re: market analysis

wow! some of these threads are amazing examples of what not to do and how to properly sabotage your career/professional development. 1) before asking for application of benefit/procedure it may make sense to research whether it exists - i.e. some biotech startup somewhere in SF may indeed bring foot...
by simas
Sat Aug 11, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 89
Views: 8191

Re: Can we afford to stay in HCOL area?

So, how much can we afford in the Bay Area and still remain somewhat comfortable? I'll define comfortable as affording 1 kid, newer SFH, home upkeep, 2-3 international trips/year, college and graduate savings for private school. I do expect our income to rise here. The answer will tell us if we can...
by simas
Sat Aug 11, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: What to ask agent when seeking to cash out of Whole-Life policy?
Replies: 24
Views: 1410

Re: What to ask agent when seeking to cash out of Whole-Life policy?

Nothing - you are not dealing with the agent, you are dealing with the company The process could be as follows for you - create an account on NYL website, send them a question of which forms to use when surrender a policy and what is the current value. They will send you back a mailing containing th...
by simas
Thu Aug 09, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Help to evaluate Job Offer
Replies: 27
Views: 1756

Re: Help to evaluate Job Offer

Thank you all for the input. I agree this is not a very good offer. The main reason I'm considering it is because I'd like to grow my skill set... Then don't take it. also WTF is this - 'From what I learned during the interviews I'm very close to be considered for a VP Level but they want to keep t...
by simas
Wed Aug 08, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Getting Mega Back Door Roth Provisions into a 401k?
Replies: 11
Views: 701

Re: Getting Mega Back Door Roth Provisions into a 401k?

so i know that we're up for our 401k renewal and i'd like to have the option to someday hopefully be able to do a mega back door roth. I know that they need to allow for after tax contributions and in service withdrawals. I also know from family that adding complexity to a 401k can be a hard sell, ...
by simas
Wed Aug 08, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Few weeks into new job recieved significantly better offer elsewhere
Replies: 101
Views: 9271

Re: Few weeks into new job recieved significantly better offer elsewhere

It's a bit disengenuous to dismiss loyalty entirely just because companies can be ruthless with their bottom line. While it is important to take that into account, decisions are still made by people. This. you deal with people and only people - corporations are legal contructs. people hire you, peo...
by simas
Wed Aug 08, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord advice needed with section 8
Replies: 38
Views: 3471

Re: Landlord advice needed with section 8

I have read the notice you posted, thank you - how does not stop participate in the wonderful program they have set up? just because they have decided to create this notice, it does not lock you into their program forever, does it?
by simas
Wed Aug 08, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed on final house negotiations
Replies: 35
Views: 1965

Re: Advice needed on final house negotiations

cdu7 wrote:
Wed Aug 08, 2018 8:51 pm
Final deal: 5k lower, all conditions agreed to.
congratulations, now get it to the close- it is not done until it is done
by simas
Wed Aug 08, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed on final house negotiations
Replies: 35
Views: 1965

Re: Advice needed on final house negotiations

First thing: Try as much as you can to separate emotion from the decision. There will be absolutely be other houses that meet your criteria. It's a hard thing to do; trust me--I know. Secondly, as others have commented, appraisals are highly subjective and really kind of a joke. It is highly depend...
by simas
Tue Aug 07, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Company Transition to ESOP?
Replies: 24
Views: 1386

Re: Company Transition to ESOP?

posting to follow - interesting thread

OP, are you sure you are not the CEO? :sharebeer
by simas
Tue Aug 07, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a five figure "inherited" cash sum?
Replies: 32
Views: 3210

Re: What to do with a five figure "inherited" cash sum?

if you deposit cash of $10,000 or more, the bank (according to the Bank Secrecy Act), has to report that to the IRS. So? what is the concern? it is form that gets filled out and you are clear. Now there may be an audit. So? again, what is the problem? more than a million people get audit every year...
by simas
Tue Aug 07, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand a 'Life Income Plan' ?
Replies: 19
Views: 1735

Re: Help me understand a 'Life Income Plan' ?

The best thing you can do right now for your future self is a) forget about this 'life income' trash b) do not engage the people who given this to you end of story. you can waste a lot of time for yourself and others going into why, and how, and if really bored with life search this forum (google fu...
by simas
Tue Aug 07, 2018 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 55
Views: 4539

Re: Is solar power for your home a worthwhile investment?

unfortunately no - not without a lot of other peoples money ('incentives', 'credits', and other massive disruption to proper market price for electricity like treating kW of solar as 10X more valuable than exactly same kW produced elsewhere) I live around Chicago and was not able to see scenarios in...
by simas
Thu Aug 02, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Received promotion offer at work and trying to negotiate the pay increase portion.
Replies: 37
Views: 3761

Re: Received promotion offer at work and trying to negotiate the pay increase portion.

glad to know this worked out for you (one way or another). what was strange the read was the whole phrase about 'HR standing firm' ,etc. This is typically utter BS. HR implements what other decide (whether you 'worth' X or you do not). HR is there to carry the message, nothing more. I recently negot...
by simas
Sun Jul 29, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Old Employer Bought Out, New Employer Not Honoring Existing Contract
Replies: 20
Views: 2545

Re: Old Employer Bought Out, New Employer Not Honoring Existing Contract

I can ask on who are the parties to the contract? is this an individual employment agreement or some sort of collective bargaining deal? This below is also true - it would be incredibly stupid to advice the company to be signing anything binding longer term that would guarantee raises regardless of ...
by simas
Sun Jul 29, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus at Job - Weird Situation
Replies: 34
Views: 5948

Re: Bonus at Job - Weird Situation

I don’t know how leveling at your company works, but where I work there’s a lot more long term gain in a promotion vs a double bonus any given year because the equity component ramps up very quickly with each promotion. Can you elaborate a bit more? What do you mean by the equity component ramping ...
by simas
Sat Jul 28, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Payroll Issues
Replies: 20
Views: 1105

Re: Payroll Issues

Yep, the way you paraphrased it is exactly what happened. Probably an honest mistake, but the thing is, they have pulled other shady instances like this (not them specifically, but the companies they subcontract with), which is why I my faith for this company has gone way down the drain. so , separ...
by simas
Thu Jul 26, 2018 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2481

Re: Schwab Intelligent Portfolios (2 months in)

Nate79 We may just drop the topic because we use different definitions - to me a "cash drag" on your investment returns when invested into SIP is the reduction in your return (I say nothing about risk, allocation) that you get by being forced to hold a cash position whether you like it or not. Simpl...
by simas
Thu Jul 26, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2481

Re: Schwab Intelligent Portfolios (2 months in)

Schwab making money off the cash (as well as making money off the ER of the funds it puts in SIP) is not the point as it's not cash drag. it is the point and cost of the service. when people refer to 'cash drag' as relates to intelligent portfolios this is exactly what is being referenced, not some...
by simas
Thu Jul 26, 2018 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2481

Re: Schwab Intelligent Portfolios (2 months in)

I don’t use SIP but I’d prefer it to PAS if I didn’t want to manage things myself. Anyway, I’m definitely not sure what the best plan is as it kinda depends on what the future holds. I think a lot of us in this boat - i use neither PAS or SIP but am thinking of how to meet the needs of my DW if I a...
by simas
Thu Jul 26, 2018 6:38 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2481

Re: Schwab Intelligent Portfolios (2 months in)

There is no cash drag in SIP. I've proved this over and over yet the myth continues to be spread. as person who was involved in launch of SIP, please find re-read regulatory fillings for SIP. the 'cash drag' is how you pay for it (as it is how Schwab makes money from these balances), by intent, thi...
by simas
Mon Jul 23, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 179
Views: 12041

Re: A different take on retirement income: time segmentation

for my own patents, i see the decline with my own eyes - 4 months ago my dad in his mid 70s was walking (with difficulties but walking) , a stoke later and getting up right now is a difficult quest. what would he spend money on when we can not walk the stairs from their 2nd floor apartment? Maybe o...
by simas
Sun Jul 22, 2018 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Biggest financial decision of my life: selling a big wad of options
Replies: 46
Views: 5074

Re: Biggest financial decision of my life: selling a big wad of options

Thanks, this has been super helpful. I didn't know about the tax distinction between NQSOs and ISOs, so that makes a big difference. (I said NSO because I just saw an Investopedia article that refers to NQSOs as NSOs.) My remaining struggle is about timing the market. The stock recently hit stratos...
by simas
Sun Jul 22, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Real salary growth negative?
Replies: 45
Views: 4549

Re: Real salary growth negative?

The reason I was doing the math was to try to estimate how her final earning years and subsequently her pension would factor in for our retirement number. It is easy to think in today's dollars and real return. While we are far from retirement, if I estimate expenses and our numbers to hit that her...
by simas
Sun Jul 22, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Setting up dedicated computer for investment/finance
Replies: 12
Views: 1760

Re: Setting up dedicated computer for investment/finance

- install less junk
- don't go into stupid places/site (use common sense)
- use backups
by simas
Sun Jul 22, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Real salary growth negative?
Replies: 45
Views: 4549

Re: Real salary growth negative?

1. the math is pointless because 'inflation in general' is pointless - inflation on what ? the cost of real estate in your area? that is very different area to area. the cost of appliances (those get cheaper and cheaper)? the cost of food? the cost of health care? what matters are your expenses and ...
by simas
Sat Jul 21, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 179
Views: 12041

Re: A different take on retirement income: time segmentation

Wow, that's bit dire, don't you think? I am far from the first person to say that it may behoove retirees to plan for at least the possibility of their overall spending declining as they age. Michael Stein, Somnath Basu, and Michael Kitces, among likely others, have all suggested this. it is also w...
by simas
Tue Jul 17, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Job Change?
Replies: 7
Views: 794

Re: Job Change?

you can afford the switch financially as well as afford not to work at all (with DW working). also, I do not know how you spend 125k in Midwest but if any of that is at all configurable, you _and_ your DW can afford to do pretty much anything you want ('retire'). for comparison, I am in Chicago, als...
by simas
Tue Jul 17, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Big 4 Who Jumped to Industry - Compensation
Replies: 28
Views: 4018

Re: Big 4 Who Jumped to Industry - Compensation

So my advice would be to focus more on the opportunity and not necessarily the immediate pay increase. Stay long enough that when you leave and launch into a company it is at an appropriately high level. Go to a place where you think there is real opportunity for growth. Good luck! what he said - f...
by simas
Sat Jul 14, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: BH , please help make an argument for after-tax contributions
Replies: 4
Views: 502

Re: BH , please help make an argument for after-tax contributions

Wait... You are trying to come up with an argument that would convince others who are not yet contributing much (or anything) to their tax-deductible 401k plan... to contribute after-tax money? Wouldn't it be in their best interest (in general, perhaps not for everyone) to add more to the tax- defe...
by simas
Sat Jul 14, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: BH , please help make an argument for after-tax contributions
Replies: 4
Views: 502

BH , please help make an argument for after-tax contributions

Signed up with new employer who has a 401k plan (through ADP), checked out features - fairly standard in pre-tax and Roth contribution being both allowed, after tax not set up. Went to talk to the HR administrator who have mentioned that setting that up is possible however company does not believe w...
by simas
Tue Jul 10, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual (65 Life) Whole Life Insurance Question
Replies: 25
Views: 4491

Re: Northwestern Mutual (65 Life) Whole Life Insurance Question

trust your gut - bail.
besides, what is the point of insurance in your case? what risk does it intend to cover (who is it for)? buying very expensive financial product is bad enough, buying it for no reason - you are better of getting rolls of twenties and burning them...
by simas
Mon Jul 09, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Question on after-tax 401k
Replies: 10
Views: 630

Re: Question on after-tax 401k

I should have specified Employer A and B are two different companies but in tech area (e. g Google and Facebook). I am assuming these are considered unrelated employers. it is about ownership (who controls both companies) , not about the field/industry. if you create a company that does IT consulti...
by simas
Mon Jul 09, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Question on after-tax 401k
Replies: 10
Views: 630

Re: Question on after-tax 401k

Not disagreeing with anyone's expertise here, but if that is actually the case, it is very curious that the IRS website makes no mention of a per employer limit. because it describes single/typical plan - employee/employer are roles within a plan. Either way, OP now has an answer. whether to use it...
by simas
Mon Jul 09, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Question on after-tax 401k
Replies: 10
Views: 630

Re: Question on after-tax 401k

Is Employer B unrelated to Employer A (not within the same Control Group ,etc) ? If Employer A and B are related - one limit if unrelated - you have the 55k limit in each total. the earlier link shares is PER PLAN . Here is another link from people who make a living providing 401k plan and certifyin...
by simas
Sat Jul 07, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Borrow for BigLaw Partnership Buy-in?
Replies: 26
Views: 4059

Re: Borrow for BigLaw Partnership Buy-in?

Bearing in mind, of course, that failing to make budget could be strongly correlated with downturns in those accounts. failing to make budget could also be strongly correlated to downturn in the firm (as in you would have much bigger problems including no income if you would be among 'optimized' in...
by simas
Sat Jul 07, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Tech tilt as hedge against rising cost of living in Bay Area
Replies: 37
Views: 2965

Re: Tech tilt as hedge against rising cost of living in Bay Area

The idea is not about keeping up with engineering compensation, that would require a sizeable portfolio. It was about mitigating higher local inflation by tilting to the industry that is largely responsible for this inflation. My premise is that the real return of a market-weighted portfolio has be...
by simas
Sat Jul 07, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Borrow for BigLaw Partnership Buy-in?
Replies: 26
Views: 4059

Re: Borrow for BigLaw Partnership Buy-in?

1) Yes
2) Yes on trying to keep the same 20% target

overall, cross the bridge when you get to it - IF you are offered then you can respond with 'let me review the details' and go from there, especially since they have a program with the bank to arrange for that.
by simas
Sat Jul 07, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 299
Views: 30552

Re: The Side Hustle

MS is not dead for me. Largely depends on where you live (I live in a target rich environment), how creative you are, risk tolerance, etc. I would say the bigger hit over the years has been on the earn side (multiple uncapped 5% CB cards, easy churning, etc.). But MS is probably much tougher if you...
by simas
Sat Jul 07, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Pitfalls of real estate investing
Replies: 39
Views: 4161

Re: Pitfalls of real estate investing

While Real Estate could be a good business overall, in your situation (remote, non US, non local investor), you should stay far away from it. Over things you are not thinking about - liability . what is your plan when you dad would be summoned to court (locally) should a tenant sue him? is he planni...
by simas
Fri Jul 06, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Advice For My Side Business - Reselling Used Electronics
Replies: 14
Views: 1379

Re: Advice For My Side Business - Reselling Used Electronics

* Am I wasting my time? Should I just focus on my career? Yes. and keep expenses in check , make sure you remind yourself of reality each day you look in the mirror- you are extraordinary fortunate to have the income that is a very small fraction of 1% in the world and top in the country . 'it does ...
by simas
Thu Jun 28, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 10588

Re: Lost out on promotion

Right approach here. If you want to win at the game at your culture/company - learn the rules. every culture has them, both written and unwritten (i.e. in some of the places I worked there was clear message of no transfers in the first X months (in the company or in the role), meaning that getting i...
by simas
Wed Jun 20, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: How far can I go to ask Morgan Stanley to fix their mistake?
Replies: 8
Views: 777

Re: How far can I go to ask Morgan Stanley to fix their mistake?

...He is not going to get far unless they in writing confirmed that he/she could sell stock stock outside of the trading window, which is no universe they will ever do confirm to anyone as that is direct violation of the terms of the plan with the company. Every review would simply state that custo...
by simas
Wed Jun 20, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: How far can I go to ask Morgan Stanley to fix their mistake?
Replies: 8
Views: 777

Re: How far can I go to ask Morgan Stanley to fix their mistake?

My thoughts are along the lines of asking your internal compliance for any guidance related to this. I do not know how these RSUs compare to your overall annual comp, but what you do not want to do is get into real trouble for violating terms of restricted trading group even if for some reason MS wo...
by simas
Wed Jun 20, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: How far can I go to ask Morgan Stanley to fix their mistake?
Replies: 8
Views: 777

Re: How far can I go to ask Morgan Stanley to fix their mistake?

You can write to the Chief of Compliance at Morgan Stanley and advise them that you expect them to complete the service that they agreed to provide. They should in turn buy your shares at whatever the appropriate price was on the planned date of sale. It is Morgan Stanley's problem what to do with ...
by simas
Wed Jun 20, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: How far can I go to ask Morgan Stanley to fix their mistake?
Replies: 8
Views: 777

Re: How far can I go to ask Morgan Stanley to fix their mistake?

you may be looking at two different things here - plan (and its renewal) which is annual based on your comments - specific open trading windows within the plan did you specifically asked them if you would be able to sell stock vesting on 15th the same day it vests (not whether plan needed to be rene...
by simas
Sun Jun 10, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard - mega Roth IRA
Replies: 2
Views: 324

Re: Vanguard - mega Roth IRA

you mixing things that should not be mixed and confusing yourself. Mega backdoor Roth (forget IRA) is what you just researched, after tax contributions and in-service rollovers. Whether it is allowed or not is governed by Summary Plan Description (SPD) of the 401k plan you are a participant of. Plan...
by simas
Sun Jun 10, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6231

Re: Creative Planning vs Vanguard PAS

I struggle to see the point of this thread - OP, you are fighting severe case of (justified IMHO) of buyers remorse and trying to make yourself feel better by 'proving' how great deal is this Creative Planning thing? Similarly, there are tons of BH (myself including) that do not do Vanguard PAS and ...
by simas
Sun Jun 10, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 6402

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

Yep, you are wasting your time trying to come up with ways to overleverage the leverage. if you want future wealth - forget about more borrowing - pay down obligations (taxes, etc) - figure out whether you want to pay down debts that are not obligatory (would depend on terms/interest rate, etc). BH ...