Search found 235 matches

by curiouskitty
Mon Oct 21, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

My advice would be to not make life decisions based on things that have not happened and/or taxes. For perspective, I've been in the Private Equity business for 35 years and have had experience with many companies and IPOs. MANY things could effect the valuation, timing or even IF the IPO happens a...
by curiouskitty
Mon Oct 21, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

3.5 million, partly before taxes, is not a lot to support many decades of retirement. Especially if you have been spending like a couple with 400K/ year to work with. Nah we save heavily so we reached seven figure net worth before this windfall. For most of the time income has been in the ~$300-350...
by curiouskitty
Mon Oct 21, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

Yeah for us the situation may be different as we could easily find other jobs paying as much whereas $1.5 million per year sounds harder to arrange. We are highly educated and have worked at successful companies so we have no worry about being unemployable in the next few years should we choose to w...
by curiouskitty
Sun Oct 20, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

Starfish wrote:
Sun Oct 20, 2019 8:45 pm
Changing residency is not that straight forward and California is very "grabby". Do you plan to come back at the end of the year? I am not sure how easy is to do it for short term.
No we would not come back at the end of the year. I agree that would be iffy.
by curiouskitty
Sun Oct 20, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

Hi all! Looking for some advice. Next year we are expecting a major windfall from an IPO, approximately $2.5 million, from a company my partner worked at many years ago. Current net worth is approximately $1 million. Combined income is around $430,000. We are mid-30's in tech in the Bay Area. Due t...
by curiouskitty
Sun Oct 20, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

I would recommend finding a CPA, or maybe even a tax attorney, who has experience dealing with CA income taxes and multi state resident issues. I'm not sure just moving relieves of the tax liability. But instead of speculating get somebody who is an expert on the subject. Given the substantial amou...
by curiouskitty
Sun Oct 20, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

I added a few more details to previous post but yes all ISOs were exercised many years ago so they would be a "qualifying disposition". AMT was already paid and then the next year we got it all back since we were no longer subject to AMT.
by curiouskitty
Sun Oct 20, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

It sounds like you earned this stock as compensation for working at the company pre-IPO within California. If that's the case, you will owe the tax on it whether you move or not. See https://www.ftb.ca.gov/forms/misc/1004.html for example. Are these RSUs or stock options? If stock options, are they...
by curiouskitty
Sun Oct 20, 2019 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

You say that the state you're thinking of for the tax savings is a state you live in sometime in the past and it's not your favorite place. Would you consider another tax free state for this? Maybe make a vacation out of it for a couple years. I think ideally we would become residents somewhere and...
by curiouskitty
Sun Oct 20, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

Due to the substantial amount of capital gains we expect next year, it appears even with two tech jobs in California we would actually lose money working for the year compared to moving to a low / no tax state like the ones we previously lived in and not working at all. Are you sure moving to anoth...
by curiouskitty
Sun Oct 20, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

Congrats on the IPO. Why can't you wait to move until the company at-least goes public? Then you'd have a 180 day lockup anyways, no? X+$80K sounds better than X, but I presume if the IPO slips out for whatever reason (global recession, etc...) then you will eat into that $80K pretty quick and star...
by curiouskitty
Sun Oct 20, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

The only relevant tax is the CA income tax because you will have Federal wherever you are. Have you already realized this gain? If so, it is too late to do anything. Gill No gain has been realized, the stock will be sold next year. In general it is mostly the state tax consideration, although conce...
by curiouskitty
Sun Oct 20, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

billthecat wrote:
Sun Oct 20, 2019 6:51 pm
Starfish wrote:
Sun Oct 20, 2019 6:46 pm
Just curious, no pun intended :), how would you lose money?
I think it's because 13.3% of $2.5M (the tax savings by being outside CA) > ~50% of $430K (his after-tax income from working in CA).
Yep this is a good way to put it
by curiouskitty
Sun Oct 20, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

Well it depends what you consider a loss, in semantic terms. But the point is: Live in California, two people work full-time, end up with $X at the end of the year Live in other state, one person works full-time, end up with $X + $250,000 at end of the year Live in other state, nobody works, end up ...
by curiouskitty
Sun Oct 20, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Advice: Windfall Makes Working Worse Than Not Working

Hi all! Looking for some advice. Next year we are expecting a major windfall from an IPO, approximately $2.5 million, from a company my partner worked at many years ago. Current net worth is approximately $1 million. Combined income is around $430,000. We are mid-30's in tech in the Bay Area. Due to...
by curiouskitty
Thu Aug 15, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: Lawsuit suggests MIT allowed Fidelity to pack retirement plans with high-fee funds
Replies: 54
Views: 5078

Re: Lawsuit suggests MIT allowed Fidelity to pack retirement plans with high-fee funds

I am amused because I have an old MIT 401(k) and I have kept it for many years because it has the lowest expense ratio total stock fund that I have in any account. The balance is now a small portion of my net worth but I’ve left it there since I don’t see any reason to move it and pay more fees just...
by curiouskitty
Wed Aug 07, 2019 4:02 pm
Forum: Personal Investments
Topic: My "Timing the Market" Experiment
Replies: 55
Views: 5687

Re: My "Timing the Market" Experiment

I’ll bite. Sold a bunch of VFIAX at $278.86 on 7/24/19. I felt an all time high was too optimistic given earnings will be hit by the trade war. It’s fair to call it guessing or market timing, but the upside clearly seemed limited compared to the downside. Now it’s down to $266.26 so I’m letting it r...
by curiouskitty
Thu Aug 01, 2019 6:29 am
Forum: Personal Investments
Topic: Vanguard New York Municipal Money Market Fund (VYFXX)
Replies: 7
Views: 998

Re: Vanguard New York Municipal Money Market Fund (VYFXX)

I think it’s a fine idea. If it ends up sitting a while, you could consider some longer term bonds but the fund you selected is good for the short term. A lot of the comparison comes down to your marginal tax rate as it determines whether taxable or municipal funds will have a better after tax return.
by curiouskitty
Fri Jul 26, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: AirBnB asking for govt photo ID verification to book
Replies: 18
Views: 1747

Re: AirBnB asking for govt photo ID verification

Just submit it and don’t think twice about it. The fact that they’ve verified basic identities guards against people abusing the service repeatedly with new accounts. In many cases people are being given the keys to mansions after all. The opposite style is Craigslist where it’s a Wild West and who ...
by curiouskitty
Thu May 16, 2019 12:07 pm
Forum: Personal Investments
Topic: Airbnb Rental
Replies: 12
Views: 1544

Re: Airbnb Rental

I have four friends who have although I haven't taken the plunge myself. We ran the numbers many years ago and certain markets like New Orleans, Palm Springs, and Atlanta were super profitable due to lots of events / tourists with low property costs. In some higher cost areas, most of the hotels are...
by curiouskitty
Thu May 16, 2019 3:20 am
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 9348

Re: Did you buy the 600+ dip last week ?

I bought last week after several large down days but there was one big drop after I bought still. I had a feeling I should have waited a little longer but went with the boglehead advice to just buy.

Should all be noise soon although it was a big purchase so every cent of basis counts!
by curiouskitty
Mon May 13, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest way to convert USD to CHF
Replies: 8
Views: 578

Re: Cheapest way to convert USD to CHF

Your best options are: 1. ATM withdrawal in Europe for Euros with Schwab or another checking account with zero or minimal fees. Beware big banks will charge an ATM fee, not refund any ATM fee from the ATM, and may charge 1-3% for currency conversion. 2. Use Transferwise to send money directly to the...
by curiouskitty
Mon May 06, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 436
Views: 117515

Re: If your net worth is over $3 million, how did you do it?

Stock options were the ticket for us although we were saving a good amount already. One company got acquired and the other went the IPO route.
by curiouskitty
Sat May 04, 2019 12:36 pm
Forum: Personal Consumer Issues
Topic: anyone with AirBNB New Orleans experience?
Replies: 7
Views: 815

Re: anyone with AirBNB New Orleans experience?

I always find an Airbnb uptown as many others mentioned but I’ve stayed in the French Quarter a few times for family events and it’s also fun although a lot more party centric.
by curiouskitty
Mon Apr 29, 2019 11:02 am
Forum: Investing - Theory, News & General
Topic: WSJ--How Schwab Ate Wall Street
Replies: 82
Views: 10934

Re: WSJ--How Schwab Ate Wall Street

Schwab is amazing. For a long time I mostly had banking and emerging markets ETF with them. I got only one call in ten years from one of their investment advisors. He said he saw I had a ton of emerging markets but probably balanced it out with other investments elsewhere. I confirmed this was the c...
by curiouskitty
Sat Apr 27, 2019 5:42 pm
Forum: Personal Investments
Topic: ~150 K: Lump Sum vs DCA
Replies: 11
Views: 1233

Re: ~150 K: Lump Sum vs DCA

Same situation. I put it in bond funds until I see some mild reversal :)

I still DCA my retirement accounts of course
by curiouskitty
Sat Apr 27, 2019 12:42 pm
Forum: Personal Investments
Topic: Marijuana [Stock]
Replies: 51
Views: 5855

Re: Marijuana [Stock]

IIPR but you should’ve gotten in months ago. Yeah IIPR has doubled since this post and increased their dividend $0.10 per quarter. Goes to show that the endpoints matter when comparing investments. Vanguard Total Stock Market is up 10.14% in the last year versus 154.39% for IIPR. If we had taken Gr...
by curiouskitty
Wed Apr 24, 2019 3:25 am
Forum: Personal Finance (Not Investing)
Topic: Quasi Euro currency holdings replacement at Vanguard
Replies: 4
Views: 521

Re: Quasi Euro currency holdings replacement at Vanguard

You can buy FXE at any brokerage. The fee is a bit higher than your typical index funds but it won’t cost much to use it as a hedge for a little while.
by curiouskitty
Sun Apr 21, 2019 11:36 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Q1 2019 ‘Sure Things’ Review
Replies: 4
Views: 1504

Re: Larry Swedroe: Q1 2019 ‘Sure Things’ Review

I was sure that US Large Value was due any day now and have been beating the drums for it for 3-4 years now. The markets have not cooperated as we are still in a US Large Growth market, Large Value continues to trail the S&P 500 and trail the US Growth Index even more. So much for sure things. This...
by curiouskitty
Sun Apr 21, 2019 11:34 am
Forum: Personal Consumer Issues
Topic: Free / Cost Effective Database for 100+GB Data
Replies: 24
Views: 2919

Re: Free / Cost Effective Database for 100+GB Data

I would use PostgreSQL (or MySQL) for sure. Then you can query the data in any major language like R. If you have time columns or something else to filter by, you can add a quick index or two to make querying more efficient. You can probably just use your computer but if its too slow or you want bet...
by curiouskitty
Mon Apr 15, 2019 12:36 am
Forum: Personal Investments
Topic: Opportunity Zone investments
Replies: 3
Views: 572

Re: Opportunity Zone investments

They’re new so probably not many have experience already but I am interested in them as well. It seems like the two main options are to invest in an opportunity zone fund for say 1% annual fee for about ten years (maybe some early withdrawal allowed, maybe not) or to buy one or more properties yours...
by curiouskitty
Sat Apr 13, 2019 1:33 pm
Forum: Personal Investments
Topic: Real Estate Investing - Actual Property vs an Index fund
Replies: 10
Views: 1829

Re: Real Estate Investing - Actual Property vs an Index fund

If you’re willing to wait five years to redeem, which seems reasonable with real estate, then I might also consider Fundrise. Fees are higher than my index funds (although much lower than a mortgage!) and returns have been good with no effort on my part. I think it’s a way to get more of the upside...
by curiouskitty
Tue Apr 09, 2019 1:05 am
Forum: Personal Investments
Topic: Real Estate Investing - Actual Property vs an Index fund
Replies: 10
Views: 1829

Re: Real Estate Investing - Actual Property vs an Index fund

If you’re willing to wait five years to redeem, which seems reasonable with real estate, then I might also consider Fundrise. Fees are higher than my index funds (although much lower than a mortgage!) and returns have been good with no effort on my part. I think it’s a way to get more of the upside ...
by curiouskitty
Mon Apr 08, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: What is your one favorite Fidelity Fund??
Replies: 93
Views: 15428

Re: What is your one favorite Fidelity Fund??

My favorite would be the one with the highest expense ratio and highest profit margin for Fidelity, because those customers will subsidize the low cost index funds that I invest in. This one? https://fundresearch.fidelity.com/mutual-funds/summary/315910182 LOL and they only give it 3 out of 5 for f...
by curiouskitty
Sun Apr 07, 2019 11:43 pm
Forum: Non-US Investing
Topic: BELGIUM - Renting vs Owning
Replies: 23
Views: 2422

Re: BELGIUM - Renting vs Owning

I don’t know about Belgium specifically but one metric I like to look at is how many years of rent it would take to buy a similar place. In a buyers’ market, it might only take ten years of rent to equal the purchase price. In very expensive cities, it’s often more like thirty years of rent. If it w...
by curiouskitty
Sun Apr 07, 2019 5:56 am
Forum: Personal Consumer Issues
Topic: Huge AirBNB Cancellation Charge
Replies: 123
Views: 8905

Re: Huge AIrBNB Cancellation Charge

My problem with these sites is the ability for the host to cancel for any reason with very short notice. In this case are there state contract laws that could help you? For example, I know in CT you have the right to cancel certain contracts within three days. Might be worth looking into. AirBnB ca...
by curiouskitty
Sun Apr 07, 2019 5:38 am
Forum: Investing - Theory, News & General
Topic: Is anyone putting any money into venture capital funds?
Replies: 3
Views: 648

Re: Is anyone putting any money into venture capital funds?

Valuethinker clearly has more experience than I do. I just wanted to point out while tracking share prices for unicorn startups that I saw a number of public funds that had large positions in the many unicorns that are looking to IPO soon. Contrafund and a few other Fidelity funds, for example, but ...
by curiouskitty
Sun Apr 07, 2019 5:18 am
Forum: Personal Consumer Issues
Topic: Huge AirBNB Cancellation Charge
Replies: 123
Views: 8905

Re: Huge AIrBNB Cancellation Charge

I’m noticing three repeated fallacies in these comments 1. People call this policy covert, hidden, or act like it wasn’t shown to the user. In fact, it says very clearly ON THE SAME PAGE that one month isn’t refundable. I’ve attached the screenshot so we can stop acting like Airbnb hid something. Th...
by curiouskitty
Sat Apr 06, 2019 6:29 pm
Forum: Personal Consumer Issues
Topic: Huge AirBNB Cancellation Charge
Replies: 123
Views: 8905

Re: Huge AIrBNB Cancellation Charge

This may be strictly the OP's son's fault, but the complete contempt with which the organization and the host treat their customers is Exhibit A as to why I've largely stopped using VRBO or Airbnb Hmm seems strange. Airbnb is a marketplace with hosts and guests. They have created clear policies and...
by curiouskitty
Sat Apr 06, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Huge AirBNB Cancellation Charge
Replies: 123
Views: 8905

Re: Huge AIrBNB Cancellation Charge

The Airbnb website does make it explicit that there will be no refund even within the first day for long term rentals. Its like when you put a security deposit and first month down on a Craigslist place. You're not getting your deposit back most the time if you change your mind afterwards. They do a...
by curiouskitty
Tue Apr 02, 2019 1:02 am
Forum: Personal Investments
Topic: Schwab users: Does Schwab discourage the purchase of money market funds?
Replies: 44
Views: 4996

Re: Schwab users: Does Schwab discourage the purchase of money market funds?

Years ago MMF were easy at Schwab, your account could have one as a default of a few options. Then they started to push the Schwab Bank and made the the cash in your account insured, greatly reducing the yield on cash balances. The transition occurred over a couple of years. Now we seem to be stuck...
by curiouskitty
Fri Mar 29, 2019 2:56 pm
Forum: Personal Investments
Topic: Ally Vs Redneck Vs etc
Replies: 18
Views: 1708

Re: Ally Vs Redneck Vs etc

Wiggums wrote:
Thu Mar 28, 2019 3:16 pm
The joint account setup process could be better at Capital One but they are a good local bank.
I know what you mean but I wouldn’t call them a local bank haha :twisted:
by curiouskitty
Thu Mar 28, 2019 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else get a huge tax increase due to SALT deduction changes?
Replies: 101
Views: 8347

Re: Anybody else get a huge tax increase due to SALT deduction changes?

Yep the tax rate on my second job was so high due to phase outs that I should have just not done it and saved the time :(
by curiouskitty
Wed Mar 20, 2019 11:03 am
Forum: Personal Consumer Issues
Topic: Men's travel shoes. One pair for hiking/biking/walking/dining
Replies: 56
Views: 5130

Re: Men's travel shoes. One pair for hiking/biking/walking/dining

I use the Vasque Rift (discontinued, sadly) in Black for these purposes https://www.rei.com/product/829830/vasque-rift-shoes-mens They are an approach shoe as another user mentioned. Amazing traction, almost all black, fit in almost everywhere. Given they are discontinued, I’d try to find an old mod...
by curiouskitty
Tue Mar 19, 2019 11:49 pm
Forum: Personal Consumer Issues
Topic: Where to live: Santa Barbara area versus Palm Beach versus Sarasota?
Replies: 28
Views: 2861

Re: Where to live: Santa Barbara area versus Palm Beach versus Sarasota?

Florida is cheaper but you sacrifice a lot in terms of quality of restaurants, humidity, and state programs / infrastructure. California is a wonderful place and I would choose it if the numbers work.
by curiouskitty
Tue Mar 19, 2019 1:20 am
Forum: Personal Investments
Topic: Schwab vs Fidelity for checking account + Passive Investment
Replies: 16
Views: 4699

Re: Schwab vs Fidelity for checking account + Passive Investment

I have both but prefer the UI of Schwab and have found their customer service to be notably good. The CMA at Fidelity isn’t set up like a bank account exactly. It prioritizes information more like a brokerage account which isn’t my preference for my checking account. At Schwab I have checking and br...
by curiouskitty
Mon Mar 18, 2019 9:25 pm
Forum: Personal Investments
Topic: Rolling old 401k to new employer's 401k @ Fidelity:Choices & Questions
Replies: 2
Views: 318

Re: Rolling old 401k to new employer's 401k @ Fidelity:Choices & Questions

In general, more information about your other investments and your current tax bracket will help us give you good advice. My quick take would be this: Your suggested fixed income seems reasonable. You have a pretty average amount of bonds, age-20) I like aggressive investments in a Roth IRA so it ca...
by curiouskitty
Thu Mar 07, 2019 1:41 am
Forum: Personal Investments
Topic: SEP IRA / partnership question
Replies: 0
Views: 387

SEP IRA / partnership question

I have some smaller personal 1099 side income as well as a partnership with a friend that brought in low six figures between the two of us (split evenly). We would like to open a SEP IRA since this was last year. I believe I need: 1. One personal SEP IRA for my small 1099 income 2. One partnership S...
by curiouskitty
Thu Mar 07, 2019 1:30 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 36660

Re: [2018 tax return - How does it compare to previous years?]

CA resident so predictably I paid more taxes. I no longer get to itemize which saves a few minutes but adds to my tax bill. I also had a side business and went the lazy way as a sole proprietor. Big mistake as I didn’t qualify for the 20% rate and got destroyed on high tax rates plus self employmen...
by curiouskitty
Wed Feb 13, 2019 12:37 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 36660

Re: [2018 tax return - How does it compare to previous years?]

CA resident so predictably I paid more taxes. I no longer get to itemize which saves a few minutes but adds to my tax bill. I also had a side business and went the lazy way as a sole proprietor. Big mistake as I didn’t qualify for the 20% rate and got destroyed on high tax rates plus self employment...