Search found 163 matches

by simas
Thu May 17, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: 7 years into whole life - cancel or keep?
Replies: 14
Views: 1154

Re: 7 years into whole life - cancel or keep?

short answer - get rid of it long answer, you can get in force illustration, understand what the true value is and what it costs you and then decide to get rid of it As for 'projections' -those are worthless. We had 250k policy bought in 1989 that was projected to be self sufficient in late nineties...
by simas
Thu May 17, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 367
Views: 16119

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

"But the people they are talking to on this site are maxing out their 401k's, IRA's and funding 529's, HSA's or taxable accounts. These are not the "typical people" that will be in a lower tax bracket in retirement. " no, one does not flow from another unless you believe you know tax rates and laws ...
by simas
Mon May 14, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Sports Betting Opportunities
Replies: 25
Views: 1980

Re: Investing in Sports Betting Opportunities

you will automatically invest in them through index mutual funds - if /when they become investable businesses..
by simas
Thu May 10, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Feeling Lost Trying to Set Up i401K With TDA
Replies: 11
Views: 779

Re: Feeling Lost Trying to Set Up i401K With TDA

If you’re coming with an outside plan document, many of the brokerages can provide the account(s) needed - pre tax, Roth, and after tax. I know Fidelity, Schwab, and E*TRADE can as well. At Fidelity it’s called a non prototype account. I’m setting up Schwab accounts now for this purpose. I do this ...
by simas
Tue May 08, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Potential job change with more opportunity/more risk - negotiate severance terms in advance?
Replies: 11
Views: 976

Re: Potential job change with more opportunity/more risk - negotiate severance terms in advance?

careful with 'contract' or 'agreement' - these have specific meaning. you can reach an 'understanding' and document it in email and it would provide what you want without raising lawyer alarms all over. at the same time, if the company is European they may be much more willing to do an actual agreem...
by simas
Tue May 08, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Resignation letter
Replies: 66
Views: 6411

Re: Resignation letter

"She has high integrity and good work so she feel guilty coasting. Besides she doesnt have problems with others at work so they will have to pick up her slack. " ??? they can not make her do what she does not want to do , what they are going to do - fire her? she can absolutely work at the pace she ...
by simas
Tue May 08, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Potential job change with more opportunity/more risk - negotiate severance terms in advance?
Replies: 11
Views: 976

Re: Potential job change with more opportunity/more risk - negotiate severance terms in advance?

The point is you can structure it any way you want (including sign on bonus, delayed sign on payment i.e. 6 months out, etc.), in all cases you are making a decision on worth/not worth. a first thing any good executive recruiter would ask you is whether you are ready to move on. if you are , save th...
by simas
Mon May 07, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Are these health insurnace premiums high when working for a Non-Profit
Replies: 11
Views: 881

Re: Are these health insurnace premiums high when working for a Non-Profit

These are pretty good.

Also, the pay is excellent for non-profit (I assume you are a doctor?)
by simas
Mon May 07, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Potential job change with more opportunity/more risk - negotiate severance terms in advance?
Replies: 11
Views: 976

Re: Potential job change with more opportunity/more risk - negotiate severance terms in advance?

there is no true negotiations until there is an offer. you interview, they offer, you negotiate, and then you either accept or not accept. there is reason why you are looking at different opportunity - whether it is career concerns regarding current place, bump in comp, etc. many times, the 'concern...
by simas
Sat May 05, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Moving downtown Chicago. Should I sell my car?
Replies: 41
Views: 2547

Re: Moving downtown Chicago. Should I sell my car?

" It is a royal pain to ride the CTA buses during the coldest months of the year. Make sure that you are prepared." one thing you may find is that CTA is _much_ more likely to run in extreme weather than Metra (cancelled/delayed trains, etc but busses would be running). We lived in Andersonvile for ...
by simas
Sat May 05, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: What is the best case scenario of "settling" for a late entrant?
Replies: 23
Views: 1817

Re: What is the best case scenario of "settling" for a late entrant?

Sorry for only getting to this until now. I think you would find people being people, some are noisy, some of rude, while vast majority is both friendly and helpful. my experience (and I lived anywhere from deep south in Alabama to upper Manhattan which are worlds apart, to rural Midwest, to now Chi...
by simas
Sat May 05, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Invest lumpsum, "cost averaging" or "wait for the crash"
Replies: 56
Views: 3566

Re: Invest lumpsum, "cost averaging" or "wait for the crash"

As others said - if you are worried about market crash (sale! sale! sale!) then you have wrong asset allocation... and X months out of Y months streak long expansion, short expansion, bold president, blonde president, blue moon aligned over red shift make-up-your-reason-here commentary talking heads...
by simas
Tue May 01, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: HOA won't help. [Homeowners Association]
Replies: 37
Views: 4607

Re: HOA won't help. [Homeowners Association]

it has been a week since your original- send the ..... letter and stop making excuses why you wouldn't! it takes few minutes to do. "Justice is not cheap but what can I do? " "felt the President really treated my case different from others because I am a new immigrant in this community" .... you may...
by simas
Sat Apr 28, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: What is the best case scenario of "settling" for a late entrant?
Replies: 23
Views: 1817

Re: What is the best case scenario of "settling" for a late entrant?

Greetings and welcome 1) stop worrying, stress kills.. 2) there are plenty of immigrants everywhere (including on this forum, I am one of them). the world is very much not limited to California or some other very high cost of living (VHCL) locations. probably the opposite. my district (outlying subu...
by simas
Sat Apr 14, 2018 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 8220

Re: Cash flow problems - best way to handle?

good luck to you! short term needs (5k) could be addressed with short term fixes (personal load, credit union, etc), and may be they should. the bigger problem to me (and I would be direct), is longer term picture. your income and expenses are out of whack (what you spend on housing as percentage of...
by simas
Sat Apr 14, 2018 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Megacorp with shifting management: coast or move on?
Replies: 2
Views: 637

Re: Megacorp with shifting management: coast or move on?

Management is a team sport. especially your chain of command has to be on the same team as you (see you as loyal, active contributor to the team worthy of investing political capital into and worthy of supporting). what you mention in your message does seem like you are in the team anymore (whoever ...
by simas
Wed Apr 11, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Are there any simple strategies that can help us squeeze better returns?
Replies: 45
Views: 3101

Re: Are there any simple strategies that can help us squeeze better returns?

"In finance one can demonstrate almost anything by backtesting." yes, backtesting is lying - you can always tweak the question to get whatever results desired. it is also completely useless, unless you can control the future to ensure it would be the same as the past (and if you can control the futu...
by simas
Wed Apr 11, 2018 5:48 am
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 17343

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

apply the same process recommended regardless of the amount to invest - start with asset allocation , determine your risk tolerance, map investment products to your asset allocation, create implementation plan, and implement it. Whether you want to do all of it yourself, take help from custodian (at...
by simas
Wed Apr 11, 2018 5:28 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs TIAA
Replies: 58
Views: 1936

Re: Vanguard vs TIAA

"Am I missing something, is my comparison wrong? " yes, you are setting it up in your mind to get desired conclusion - apples to oranges comparison on share classes. Institutional shares for Vanguard Funds are significantly below these costs (i.e. I pay 1/3 of the expense ratios you list for funds I...
by simas
Tue Mar 20, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Quick thought on a counter offer & employment contracts
Replies: 2
Views: 424

Re: Quick thought on a counter offer & employment contracts

Few thoughts 1. Drop the 'employment agreement' language , that generates a lot of red flags (with HR, with management, etc). Position is either defined as part of the management team subject to employment agreement as negotiated by the board of directors, reviewed by appropriate board committees, e...
by simas
Mon Mar 19, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 7724

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

invst65,michaeljc70, Those are really great real life experiences that you have shared. I am 42 and dont want to write code again - the problem is that I am finding it hard in deciding what to do next. I am out of regular work for 3 years - contracting with online work. I want to work on something ...
by simas
Sat Mar 17, 2018 7:46 am
Forum: Investing - Theory, News & General
Topic: Anyone exclude emerging markets?
Replies: 50
Views: 4651

Re: Anyone exclude emerging markets?

"If you're a passive investor then you should hold everything at market weight, regardless of your beliefs...unless, if course, you're really an active investor. " that. home country bias is real. it does not make any sense to me to hold 80% allocation in US if that is 40% of the world equity market...
by simas
Sat Mar 17, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11280

Re: Terminal illness with small kids

meals, cleaning, any other services that make life a little simpler.
it does not reduce the shock or the pain of loved ones passing , however makes other parts of life that have to and will go one, go a little easier.
by simas
Sat Mar 17, 2018 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 7724

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

I think you have made a fair decision (for you) to wait and see another year. As others in this thread mentioned you should pay real attention to your stress as impact to your health and major input into your (quality of) life. As for 4%,3%,2%, etc - a lot of this is us smart monkeys who are trying ...
by simas
Sat Mar 10, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 8943

Re: Would YOU retire

Simas, I am interested in learning more about your situation. As someone who wants to retire soon - even this year - I am always on the hunt for people who've made the leap prior to me. I'll go back and search your posts, but anything more you can share? You are right that certainty doesn't exist a...
by simas
Sat Mar 10, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Schwab insists on hard inquiry on Equifax credit report !
Replies: 30
Views: 2808

Re: Schwab insists on hard inquiry on Equifax credit report !

-broker dealer organizations (BD) as well as banks (Schwab is technically a bank) are required to run this processing, for AML (anti money laundering) rules. you will not get around this as no financial account would be open in this decade without such verification, and it has nothing to do with bor...
by simas
Fri Mar 09, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 8943

Re: Would YOU retire

" Simas your response really really really hit home and makes me really think we should pull the trigger. I think im going to tell my wife that she can retire in the fall. After we build up a LITTLE more cash reserves. And will still encourage her to find a job with health insurance with pay being o...
by simas
Thu Mar 08, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 8943

Re: Would YOU retire

and one more thing - you retire to do what exactly now you do not have to work for living anymore? Have you given that a thought in terms of what brings joy to your life? my personal experience is that I determined I love building solutions (I am an engineer/problem solver at heart and get joy out o...
by simas
Thu Mar 08, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 8943

Re: Would YOU retire

YES is an answer (and I am already retired/FIRE 15 years younger than you). Few things - if you are looking for certainty, forget it as none ever exists. you are wasting your time and letting inner demons of fear take advantage of you looking for impossible. deal with likelyhoods/probabilities - you...
by simas
Wed Mar 07, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on Self-employment and earning Social Security Credit
Replies: 5
Views: 473

Re: Taxes on Self-employment and earning Social Security Credit

" - Is this "Earnings" before or after taxes (SS, Medicare, SE, etc.)? - Which spouse gets the Social Security credit - Can we choose? - If the profits are double the amount, i.e. $10,400, do both spouses get credits? - If there are left over after $10,400 or $5,200, do you contribute most of it to ...
by simas
Mon Mar 05, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: what to do with 401k? Company dissolving....
Replies: 16
Views: 1603

Re: what to do with 401k? Company dissolving....

such that activities such as Roth conversions wouldn't have the funds diluting the basis for conversion taxation? IMHO no, once in IRA space - from IRS perspective all of your tax deferred IRAs are one account (regardless of how many subaccounts at various custodians you create and what you tag them...
by simas
Mon Mar 05, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Career Next Steps for a Software Developer?
Replies: 8
Views: 1263

Re: Advice on Career Next Steps for a Software Developer?

few thoughts - Do not buy businesses, especially you know very little of the underlying industries, how those numbers work, have all of the contacts these require, etc.. bad idea - if you want to built something (consulting, blogging, etc.), nothing stops you from doing it whether you are FTE or not...
by simas
Mon Mar 05, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Budget Check (paging Watty / KlangFool)
Replies: 86
Views: 6712

Re: Housing Budget Check (paging Watty / KlangFool)

Congratulations! Second the suggestion of adding a follow up post when you are ready
by simas
Mon Mar 05, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Has the home we wanted just become 20% more expensive due to tax reforms?
Replies: 62
Views: 6831

Re: Has the home we wanted just become 20% more expensive due to tax reforms?

" Also, it will be likely harder for high tax States to raise income taxes in the near-term. Same for local property taxes. People will be more sensitive to that now that they aren't subsidized as much." +1 . what is surprising is behavior of people in those state - instead of pushing for accountabi...
by simas
Mon Mar 05, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Has the home we wanted just become 20% more expensive due to tax reforms?
Replies: 62
Views: 6831

Re: Has the home we wanted just become 20% more expensive due to tax reforms?

'I may disagree. Changes to tax law to this extant usually takes couple administrations if not decades,' Huh?? Congress changes tax laws ALL the time, every year, multiple times a year by tweaking tax code. there have been multiple massive changes this decade (ACA anyone? additional surcharges on in...
by simas
Fri Mar 02, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 29
Views: 4526

Re: Spending and saving - am I on it, or in for it?

Glad to help, best of wishes and good luck to you. Long time ago I realized that you can not change others :) so I stopped trying that - if something (real estate, antique cars, underwater basket weaving, whatever) works for you and makes you happy enough, more power to you. You have spent few weeks...
by simas
Sun Feb 25, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 29
Views: 4526

Re: Spending and saving - am I on it, or in for it?

excellent, in which case the answers to your question are pretty simple "How much cash should we have in reserve?" however much (or little) lets you sleep well at night. you (and your spouse) are the only ones that can make that determination "Is it reasonable to rely so much on the real estate inve...
by simas
Sat Feb 24, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a larger raise at yearly review?
Replies: 37
Views: 2566

Re: Should I ask for a larger raise at yearly review?

boss to build your case for when he goes to the management committee to fight for your new comp. It's all a game, you have to figure out the game, and play it better than the next guy, assuming you have the skills and work to back it up. Like some others have said, it also often means changing empl...
by simas
Sat Feb 24, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a larger raise at yearly review?
Replies: 37
Views: 2566

Re: Should I ask for a larger raise at yearly review?

"I definitely felt like the company had me (and my co-workers) on strict price controls to manage the company's operational costs." of cause it does, it is a primary duty to shareholders/owners. not sure why the surprise "This overall assumption gets even stronger when you see new employees are bein...
by simas
Sat Feb 24, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a larger raise at yearly review?
Replies: 37
Views: 2566

Re: Should I ask for a larger raise at yearly review?

"What would you recommend to those of us looking for raises" Switch roles (within the company or in new company). reality is that person accepted a specific position at specific level of pay (slowly increasing with inflation - aka cost of living adjustment). that position has a range and once it top...
by simas
Sat Feb 24, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a larger raise at yearly review?
Replies: 37
Views: 2566

Re: Should I ask for a larger raise at yearly review?

" Our company works the same way where when we announce raises to the employees, the bucket has already been divvied up and you get what you get and you don't throw a fit." how it worked in our corp - your 360 reviews were due in early January which is the same time funding amounts became finalized ...
by simas
Sat Feb 24, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 29
Views: 4526

Re: Spending and saving - am I on it, or in for it?

"I am not comfortable putting all my eggs in any one basket. I had been through too many recessions and economic crisis to believe any single basket is safe." +1 Look , the Real Estate evangelists come by here ever so often - they read Rich Dad Poor Dad or some other book, get excited, and come here...
by simas
Sat Feb 17, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 7509

Re: Why paying off loans would be better than fully funding 401k?

May be a stupid question - why stay in that area ? Is it close to your family (since she wants to be away traveling back to her folks)? Some sentimental attachment? Best schools in the nation? or is it simply where job ended up being? Otherwise, you are (slowly) moving towards 'good' - cataloging wh...
by simas
Sat Feb 17, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: My Over $300K Vanguard Balance Disappeared?
Replies: 62
Views: 10498

Re: My Over $300K Vanguard Balance Disappeared?

" This is an avoidable problem. Your Amazon order history or Gmail archives are never unavailable. In today's world, tolerating poor customer experiences like this is a business decision." Yes, the amount of investments you want to place into that place or ultimately priority of this vs priority of ...
by simas
Sat Feb 17, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: My Over $300K Vanguard Balance Disappeared?
Replies: 62
Views: 10498

Re: My Over $300K Vanguard Balance Disappeared?

from the IT perspective on similar situations - the site calls various services (APIs) to get and display balances. we (IT) have to routinely perform maintenance (firmware/OS patching primarily, things like failovers, infrastructure migrations, etc) during which APIs are unavailable. So what typical...
by simas
Wed Feb 14, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 7509

Re: Why paying off loans would be better than fully funding 401k?

"I think some people are missing the importance of the future "vacation" money. Wife lives on the west coast and her aging family is on the east coast. Likely the kids' grandparents are on the east coast. There is probably no family on her side out west. Visiting once or twice a year is of primary i...
by simas
Wed Feb 14, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: C-Suite etiquette advise needed
Replies: 27
Views: 3861

Re: C-Suite etiquette advise needed

Do you have an admin assigned already ? Why not mention it to that person (almost typed 'her') and have them talk to the CEO's admin assistant. These (and any other preferences) are common, normal, and are routinely accommodated. CEO's admin would contact the venue (as she/he is the one paying to th...
by simas
Tue Feb 13, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 7509

Re: Why paying off loans would be better than fully funding 401k?

ChinchillaWhiplash I read your thread and this looks like much more than 'math' question - the real problem is your wife's spending habits and expectations (and therefore it is a problem for both of you). Your desire to put money away in 401k, HSA, etc looks like well justified desire to 'hide' the ...
by simas
Sun Feb 11, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Passthrough deduction affected by solo 401k?
Replies: 40
Views: 2721

Re: Passthrough deduction affected by solo 401k?

interested as well - as self/employed without a corp, curious how it would work in 2018..
I do see the argument of small businesses being left out from the corporate tax rate reduction..
by simas
Sat Feb 10, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: "Personal Capital" program
Replies: 14
Views: 1467

Re: "Personal Capital" program

The 'advisor' contacts you (or tries to) once a quarter - if you do not need the service, don't pick up or just say no. overall, the tool is very convinient