Search found 981 matches

by ThatGuy
Thu Mar 18, 2021 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Pressure to start returning to the office from WFH
Replies: 14
Views: 1627

Re: Pressure to start returning to the office from WFH

In a survey we did, 95% of employees said they are more productive remotely. That is simply not true for the most part. Most count their commute time into it. 100% want an option to work remotely forever. 50% want to work at the office 3+ days per week. With a few exceptions we will require employe...
by ThatGuy
Thu Mar 11, 2021 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: America Rescue Plan and Tax Software Updates
Replies: 21
Views: 2136

Re: America Rescue Plan and Tax Software

Is there an issue with just leaving the 1099-G off of the return?
by ThatGuy
Fri Feb 26, 2021 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Private School - financially irresponsible?
Replies: 213
Views: 16877

Re: Private School - financially irresponsible?

There *is* a tradition in the NE, among money, of not flashing it, and of a very Puritan kind of work ethic. Private Wealth Management firms offer courses on teaching your kids how to work with not-for-profit Boards etc. A friend of mine lives in Andover MA - which has the school, with the famous a...
by ThatGuy
Thu Feb 25, 2021 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Private School - financially irresponsible?
Replies: 213
Views: 16877

Re: Private School - financially irresponsible?

I'm trying to decide whether it would be financially irresponsible of me to send my two children to private school in the fall (would be starting Kindergarten and plan to stay through 8th grade). The combined cost will be ~25% of net income (after taxes and after maxing out 401(k) and back door IRA...
by ThatGuy
Fri Jan 15, 2021 8:30 am
Forum: Investing - Theory, News & General
Topic: Looking for stats: Average/Median age when $1M networth (household) is attained?
Replies: 63
Views: 7930

Re: Looking for stats: Average/Median age when $1M networth (household) is attained?

stoptothink wrote: Fri Jan 15, 2021 8:12 amOf my close friends, three that I can think of certainly already hit that mark, maybe two more will (out of ~50, similarly ~80% with college degrees)
You have 50 close friends? :shock:
by ThatGuy
Sun Jan 03, 2021 8:40 am
Forum: Personal Consumer Issues
Topic: Building a Beach House: Construction Considerations?
Replies: 49
Views: 3262

Re: Building a Beach House: Construction Considerations?

Hire the people that constructed this... https://www.google.com/imgres?imgurl=https%3A%2F%2Fpressfrom.info%2Fupload%2Fimages%2Freal%2F2018%2F10%2F15%2Fa-crowd-of-people-at-a-beach-the-elevated-house-that-the-owners-call-the-sand-palace-on-36th-street-_578889_.jpg%3Fcontent%3D1&imgrefurl=https%3...
by ThatGuy
Sun Dec 27, 2020 7:05 pm
Forum: Personal Consumer Issues
Topic: College comparisons (and cost estimates) for life sciences
Replies: 51
Views: 2386

Re: College comparisons (and cost estimates) for life sciences

texasdiver wrote: Sun Dec 27, 2020 6:30 pmWhitman actually ranks higher than Reed on some national rankings, for what they are worth.
I thought Reed refuses to play the ratings game, so places like US News guess at their stats?

I don't know that this really applies in this case, but you can get a joint degree with Caltech & Reed.
by ThatGuy
Thu Dec 24, 2020 6:01 pm
Forum: Personal Consumer Issues
Topic: Password storage apps, recommendations?
Replies: 119
Views: 5104

Re: Password storage apps, recommendations?

Looks like Microsoft is updating Authenticator to include autofill.
by ThatGuy
Thu Dec 24, 2020 2:21 pm
Forum: Personal Consumer Issues
Topic: Password storage apps, recommendations?
Replies: 119
Views: 5104

Re: Password storage apps, recommendations?

Security should be viewed holistically. Confidentiality is only one leg of the triangle: integrity and availability are equally important. In the case of login credentials, this implies: A password manager must keep your credentials secret from any unauthorized party A password manager must prevent...
by ThatGuy
Thu Dec 24, 2020 1:56 pm
Forum: Personal Consumer Issues
Topic: Password storage apps, recommendations?
Replies: 119
Views: 5104

Re: Password storage apps, recommendations?

So how are these extra apps for password management "better" than simply storing your passwords in your browser with a primary password? Do you use multiple browsers? Firefox, Chrome, Edge, maybe old Internet Explorer even? Maybe Safari on an iPhone or iPad or Mac? Many people do. Do you ...
by ThatGuy
Thu Dec 24, 2020 12:08 pm
Forum: Personal Consumer Issues
Topic: Password storage apps, recommendations?
Replies: 119
Views: 5104

Re: Password storage apps, recommendations?

So how are these extra apps for password management "better" than simply storing your passwords in your browser with a primary password?

For a specific example, how is 1Password more secure than Firefox?
by ThatGuy
Wed Dec 23, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Proposition 19 advice needed
Replies: 8
Views: 674

Re: Proposition 19 advice needed

Absolutely contact a attorney. There are a few prop 19 strategies floating around, that would allow you to maintain control but also pass on the lower taxes to your kids. Please do not do an outright transfer to your kids, as there are better options that protect you. You do not want to DIY as it i...
by ThatGuy
Sat Dec 19, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Prop 19 CA Inheritance Property Implications
Replies: 204
Views: 13221

Re: Prop 19 CA Inheritance Property Implications

... Actually, Prop 19 still allows children -- and grandchildren even -- to move into the parents' home and keep the low tax base . What Prop 19 changed was to eliminate the possibility of the kids turning their parents home into a rental (at market rates) and reaping the extra income as a result o...
by ThatGuy
Tue Dec 01, 2020 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used a Career Coach for new college graduate?
Replies: 105
Views: 4689

Re: Has anyone used a Career Coach for new college graduate?

Jack FFR1846 wrote: Tue Dec 01, 2020 11:24 am Amazon.
...
It's a place to start.
This whole post made my day. Thank you for sharing it :sharebeer
by ThatGuy
Sun Nov 22, 2020 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Teach kids about charitable giving
Replies: 16
Views: 1001

Re: Teach kids about charitable giving

ThatKid gets an allowance of $X per week. Of that X, he is required to: 1. Put at least 20% into the Savings jar. 2. Put at least 10% in the Charity jar. 3. The remainder is for whatever you please. He is allowed to spend all of the money in the Savings jar around his birthday. However, he is also r...
by ThatGuy
Mon Nov 16, 2020 9:23 am
Forum: Personal Consumer Issues
Topic: Looking for a knife set
Replies: 99
Views: 6989

Re: Looking for a knife set

Ceramic knives. Buy as you need more.

Santoku
by ThatGuy
Fri Nov 13, 2020 8:47 am
Forum: Investing - Theory, News & General
Topic: What are some good boglehead principles around real estate?
Replies: 52
Views: 6281

Re: What are some good boglehead principles around real estate?

By following these rules, you’ll soon realize that you also have to live in the 1970 240Z. Seriously, I don’t think I’ve met anybody who complies with this...... Just to clarify, these rules were not intended to be taken seriously (by me). Except for the last one, I have seen every "rule"...
by ThatGuy
Fri Nov 13, 2020 8:38 am
Forum: Personal Investments
Topic: Good way of taking advantage of High COL real estate/housing market?
Replies: 9
Views: 1459

Re: Good way of taking advantage of High COL real estate/housing market?

Did I mention that, apparently, rents are falling as tech companies accept that if you can work efficiently from home in your 1 BR in San Francisco, you can do the same from your house in Salt Lake City? That's got to have long term implications for housing prices in these areas. I think this is ov...
by ThatGuy
Wed Nov 11, 2020 7:06 am
Forum: Investing - Theory, News & General
Topic: What are some good boglehead principles around real estate?
Replies: 52
Views: 6281

Re: What are some good boglehead principles around real estate?

Rules for real estate: 1. Somebody might lose a job right now , only count one income. 2. That one income must be the lower of the two. 3. Inflation is not a thing. Don't stretch because your wages will never grow. 4. 30 years is too long. Only consider a 15 year mortgage. Make additional payments....
by ThatGuy
Wed Nov 04, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Excel formula help re: calculating tax within brackets
Replies: 21
Views: 2218

Re: Excel formula help re: calculating tax within brackets

All of you VLOOKUP fans should really look into XLOOKUP . The following example looks in column C for the personal income entered in cell E2, and finds a matching tax rate in column B. It sets the if-not_found argument to return a 0 if nothing is found. The match_mode argument is set to 1, which mea...
by ThatGuy
Thu Oct 29, 2020 9:10 am
Forum: Personal Consumer Issues
Topic: Tesla Solar Roof
Replies: 93
Views: 14540

Re: Tesla Solar Roof

Upthread, in May, 2017, I posted: "I looked for data sheets or ANY Tesla technical literature like data sheets to answer questions like how are they wired, what do the connections look like, what is the physical size, etc and didn't find anything. That's a huge red flag. If anyone has a link f...
by ThatGuy
Sun Oct 11, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Would you rather be the richest or poorest person in town?
Replies: 109
Views: 8926

Re: Would you rather be the richest or poorest person in town?

Town A. More affluent neighborhoods tend to be less of a "community" and less laid back IMO. I will take the friendly and laid back community any day of the week. The kids will be fine as long as you raise them right! Nice to not have to argue as much about labels and brands when clothes ...
by ThatGuy
Tue Sep 22, 2020 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Physicians: Should I leave my job?
Replies: 207
Views: 16365

Re: Physicians: Should I leave my job?

I dont think lawyers find themselves making life and death decisions and therfore cannot fathom the stresses of an ER doctor for9 example. The decisions that need to be made whilst a 9 year is bleeding to death from an accident with their mother screaming her lungs out is not something any lawyer c...
by ThatGuy
Wed Sep 16, 2020 7:39 am
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 17125

Re: Coping with Megacorp rat race

Being FI frees you from having to put up bad employment situations. Few people really want to retire to a beach at 45 for the rest of their life (well, they may think they do, but reality is that most will get bored and aimless). But everyone would likely be happier on their own terms. I find this ...
by ThatGuy
Wed Sep 09, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 20343

Re: How Much House Can We Afford in HCOL Area?

Oh and because of taxes, a family member renovated their tiny $1M dump of a home. It's $1M because it is walking distance to spaceship Apple in case those are wondering. They maintained some of the original structure in order to comply with rules to keep their existing property tax rate. It looks l...
by ThatGuy
Sun Sep 06, 2020 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 233
Views: 22112

Re: Buying vs. Renting Principles (Sticky Thread Request)

The OP reads like landlord propaganda. I don't think it's suitable for a sticky. What feedback do you have that would make this more helpful to others? What areas do you disagree with? Not to mention that the 2-3X "rule" completely ignores the effect the interest rate plays in the total a...
by ThatGuy
Thu May 28, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18987

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

The language is loaded, and is obviously inferring premises in order to take offense.

I think it better if we let the subject rest.
by ThatGuy
Thu May 28, 2020 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18987

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Can those who are actually familiar with the Bay Area suggest where the OP should move to to get access to the "good" public schools? And how much it would cost to buy into those areas? I live in San Mateo, my house is $1.9M and my public high school is nowhere close to a "good"...
by ThatGuy
Thu May 28, 2020 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18987

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Because you, as a wealthy parent, did not micromanage your children's teachers, that is generally the case? I would be willing to bet that if you asked a room full of teachers this question, that you would very quickly (and very convincingly) see that it is the opposite. It is a double-edged sword ...
by ThatGuy
Thu May 28, 2020 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18987

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

This. Great post. Explains why some school districts are in trouble in the bay area. Essentially, a lot of the property taxes go to Sacremento and then get funneled to where needed to be fair. So, your high property taxes in CA may be going to poorer area schools. Below explanation goes into detail...
by ThatGuy
Wed May 27, 2020 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18987

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

These school threads always go like this. If I were the OP, I'd ask for input mainly from folks familiar with the Bay Area since the dynamics are unique. The vast majority of schools are just fine in the Bay Area. Even the kids in East Palo Alto get bussed into the great schools in Palo Alto and Mo...
by ThatGuy
Wed May 27, 2020 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18987

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Because you, as a wealthy parent, did not micromanage your children's teachers, that is generally the case? I would be willing to bet that if you asked a room full of teachers this question, that you would very quickly (and very convincingly) see that it is the opposite. It is a double-edged sword ...
by ThatGuy
Tue May 12, 2020 11:14 am
Forum: Personal Investments
Topic: CARES Act 401(k)
Replies: 9
Views: 909

CARES Act 401(k)

I just realized that my employer has implemented the CARES act provisions for retirement accounts. Suspends required minimum distributions from traditional Individual Retirement Accounts (IRAs) and employer-sponsored retirement plans for 2020. Waives the 10% tax penalty for early distributions from ...
by ThatGuy
Tue May 05, 2020 8:05 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 32530

Re: My theory about FIRE

There is no grey area. If you NEED the money, you're not retired. You may be semi-retired, part-time, whatever. Making money doing some work in retirement is fine. What if you could happily retire at, say, 4% of your current portfolio, adjusted for inflation, but having considered warnings that 4% ...
by ThatGuy
Mon May 04, 2020 11:05 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 32530

Re: My theory about FIRE

I wonder how much of this "teachers are surprisingly wealthy" stuff can be explained by: 1. Steady wages and job security rather than variable income (vs. tradesmen) 2. Starting a career earlier with less debt (vs. lawyers, college professors, etc.) 3. Government retirement benefits like ...
by ThatGuy
Sun Apr 19, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Any One-More-Year FIRE people sticking to their plan?
Replies: 72
Views: 9074

Re: Any One-More-Year FIRE people sticking to their plan?

What will you do when you retire? With spouse working, and assuming your friends are still working, how do you envision spending your time? I am mid-40s as well, and I struggle with the question of how I would spend my time after the initial decompression/exhilaration period ran its course. I suppo...
by ThatGuy
Sun Apr 19, 2020 9:32 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 32530

Re: My theory about FIRE

CyclingDuo wrote: Sat Apr 18, 2020 7:28 am MYTH: Rich people have high-paying jobs.
TRUTH: Many millionaires surveyed NEVER made six figures in a year.


The top three career positions that were millionaires...

#1 - Engineers
#2 - Accountants
#3 - Teachers
How many of those teachers are married to engineers or accountants?
by ThatGuy
Fri Apr 17, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 14645

Re: How many paid for kids' college?

We are also in the NE and she attended a private school in the NE which was in the low $40's per year back in 2011. Those prices were reduced by a number of scholarships and school jobs she had during undergrad, each year she had about $18K in scholarships and grants as well as a paycheck total of ...
by ThatGuy
Sun Apr 05, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Online will
Replies: 24
Views: 1431

Re: Online will

Be really careful with this. The common mistakes I see are: 1) People don't execute them right in terms of signing WITH the witnesses present. Likely not legally valid then. 2) Some people think of their parents as being of simple means but that house, if they own one, could cause an expensive prob...
by ThatGuy
Sun Mar 29, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: How will coronavirus affect housing choices? Do walkable suburbs win?
Replies: 19
Views: 2254

Re: How will coronavirus affect housing choices? Do walkable suburbs win?

I see the opposite happening. I see an increase in people moving to SF and then wanting to buy a Tahoe home for the weekend getaway. Basically what's been happening in NYC for ages. Work from home is great for individual contributors, but it's difficult to climb corporate Donkey Kong (shamelessly st...
by ThatGuy
Mon Mar 16, 2020 4:02 pm
Forum: Personal Investments
Topic: Anyone Rebalancing Today, 3/16/20?
Replies: 36
Views: 2227

Re: Anyone Rebalancing Today, 3/16/20?

Yep, waited until the afternoon press conference and saw the market dropping. So I Tax Loss Harvested for the first time duing the current panic. I nibbled a bit from bonds to stocks last week, but I ran out of time to nibble today. I'll nibble tomorrow if we don't "bounce", and take a lar...
by ThatGuy
Sun Mar 15, 2020 12:32 pm
Forum: Investing - Theory, News & General
Topic: So what does shutting down the US economy for a few months look like?
Replies: 200
Views: 15459

Re: So what does shutting down the US economy for a few months look like?

Please consider purchasing gift cards to your favorite businesses. Bonus points if they're small and local.

They get the cash now, so they can keep people employed, and you can still use it later.
by ThatGuy
Sun Mar 08, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Help me understand why I need uninsured, underinsured motorist liability and medical payments.
Replies: 51
Views: 4482

Re: Help me understand why I need uninsured, underinsured motorist liability and medical payments.

... You also want your medical treatment to be paid for without explaining to your health insurer that it is due to a car accident. ... Why would explaining that be an issue? Not sure about the "explaining" word choice, but standard health insurance isn't first-payer if the injured party ...
by ThatGuy
Thu Feb 06, 2020 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Tech Jobs (Defense vs. FAANG)
Replies: 21
Views: 3193

Re: Tech Jobs (Defense vs. FAANG)

Do you have options regarding what OS you can use (probably not at Apple :D )? (I've grown to detest Windows.) Even Apple uses Windows, software such as ANSYS doesn't run on macOS. Everywhere I've been, getting the tool I want has been a challenge. Some other yahoo spent money on their favorite too...
by ThatGuy
Thu Jan 09, 2020 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 21451

Re: Living in a HCOL and making a middle class salary is a struggle

phxjcc wrote: Thu Jan 09, 2020 6:09 pmYes, all you naysayers can say that he is not middle class...but the point is that the NE is expensive, if you haven't lived there you have NO IDEA.
Many of us naysayers live in the Bay Area. Our housings costs are much higher than even Westchester :sharebeer
by ThatGuy
Thu Jan 09, 2020 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 21451

Re: Living in a HCOL and making a middle class salary is a struggle

Boy, this is still going on. Pew Research defines middle income as: those with an income that is two-thirds to double the U.S. median household income By this definition, 230,000 - 2 * 92,758 (I'm using the Westchester median) is $44,484. This means the OP makes about ~$45,000 more than the middle c...
by ThatGuy
Tue Jan 07, 2020 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 21451

Re: Living in a HCOL and making a middle class salary is a struggle

I don’t think median income is helpful as the OP is not competing against the 62 year old couple with a paid off home. OP is competing against other families looking for seats in decent school districts and saving for college at today’s prices. Middle class only includes dual earner families? News ...