Search found 62 matches

by hoeboe
Thu Nov 19, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Help with NQDC pay out estimates
Replies: 8
Views: 426

Re: Help with NQDC pay out estimates

I asked a similar question a few weeks ago and got some good feedback. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=327655 It seems likely that money will be withheld at the supplemental 22% rate and you will get a refund after filing that year. The most succinct answer i saw is that you...
by hoeboe
Tue Oct 13, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Distributions from non-qualified deferred comp plan
Replies: 9
Views: 512

Re: Distributions from non-qualified deferred comp plan

1) When distributions occur, what taxes will be withheld? Obviously federal income taxes (no state for me). What about SSDI? Medicare? 2) What is the expected federal withholding rate? Each lump sum will be about 80k-120k. Since each comes in a single "paycheck" are withholdings at the 22...
by hoeboe
Tue Oct 13, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Distributions from non-qualified deferred comp plan
Replies: 9
Views: 512

Re: Distributions from non-qualified deferred comp plan

Interesting that folks would pay into these over many years. If you are as certain as one can be that your current employer will be your last, then sure. But if you separate before then...maybe not the best time to take the income. Thanks for the feedback. There are differences between plans. Mine ...
by hoeboe
Tue Oct 13, 2020 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Distributions from non-qualified deferred comp plan
Replies: 9
Views: 512

Distributions from non-qualified deferred comp plan

Several questions for those experienced with non-qualified deferred compensation plans. For what it's worth, I know many folks are uncomfortable with these plans since they are unfunded and at risk if your employer goes bankrupt. They are also very inflexible in terms of when you take distributions....
by hoeboe
Sun Sep 27, 2020 6:52 am
Forum: Personal Consumer Issues
Topic: Treadmill recommendations
Replies: 43
Views: 2613

Re: Treadmill recommendations

I responded to the wrong thread a few minutes ago! Treadmills can be hard to find right now. I can recommend the Horizon Fitness T303 (someone up thread recommended the T101 as well). I had one delivered back in July for about $900 all in. Setup was easy and I've been using it probably 3-4 hours a w...
by hoeboe
Sun Sep 27, 2020 6:51 am
Forum: Personal Consumer Issues
Topic: Recommendations on treadmill purchase
Replies: 17
Views: 1708

Re: Recommendations on treadmill purchase

Treadmills can be hard to find right now. I can recommend the Horizon Fitness T303 (someone up thread recommended the T101 as well). I had one delivered back in July for about $900 all in. Setup was easy and I've been using it probably 3-4 hours a week since. I don't really use the fancy programs, b...
by hoeboe
Sun Jan 12, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Spouse diagnosed with cancer. Financial steps?
Replies: 38
Views: 6231

Re: Spouse diagnosed with cancer. Financial steps?

OP- So sorry to hear about your situation. My heart goes out to you. My spouse has also been diagnosed with two separate cancers in the past 2 years and we are also in our mid-40's. Fortunately, the prognosis has been good, but the mental and emotional trauma I've felt has made me re-examine my care...
by hoeboe
Sun Nov 17, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: Withdrawing from deferred income plan
Replies: 7
Views: 760

Re: Withdrawing from deferred income plan

The bad: I have a few low (even 0) % years, requiring me to cover the gap from my taxable accounts (plenty available). That's not necessarily bad, if you can do tax gain harvesting and/or traditional to Roth conversions at unusually low tax rates. We're not quite halfway through withdrawals from ou...
by hoeboe
Sun Nov 17, 2019 8:18 am
Forum: Investing - Theory, News & General
Topic: Withdrawing from deferred income plan
Replies: 7
Views: 760

Re: Withdrawing from deferred income plan

What I am considering is to change all my past (and future) distribution elections to lump sum. This simplifies my withdrawals and if I want to push anything out down the road, I only have to change one year's election. Basically, bite the bullet now and simplify. In my deferred comp plan I can pus...
by hoeboe
Sun Nov 17, 2019 8:09 am
Forum: Investing - Theory, News & General
Topic: Withdrawing from deferred income plan
Replies: 7
Views: 760

Re: Withdrawing from deferred income plan

It has proved a good decision for me (I am well aware of the risks) ..... For reference, I typically file in today's 32% to 37% tax bracket depending on stock option exercise and I'll withdraw in the 12 or 22% bracket ..... I will retire in a few years and use this account to cover much of my expen...
by hoeboe
Sat Nov 16, 2019 7:47 am
Forum: Investing - Theory, News & General
Topic: Withdrawing from deferred income plan
Replies: 7
Views: 760

Withdrawing from deferred income plan

[tl:dr] version. Do I simplify non-qualified deferred comp payout by changing all distributions to lump sum even though I'll end up with some significant income gap years that I'll have to cover from taxable savings? I have been participating in a non-qualified deferred compensation plan at Megacorp...
by hoeboe
Tue Apr 23, 2019 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Housing: "Super Savers" vs. the "Rest"...
Replies: 85
Views: 10241

Re: Housing: "Super Savers" vs. the "Rest"...

We are in the middle of executing on just such a downsizing. Selling our custom built home of the last 14 years and moving from 4000 sq ft with acreage, pool, and huge garage space to a 2600 sq ft home about 15 minutes away. Doing this since our youngest is set to graduate high school in the next mo...
by hoeboe
Fri Apr 12, 2019 11:35 pm
Forum: Personal Consumer Issues
Topic: Repair Bosch Dishwasher or Buy New?
Replies: 35
Views: 4185

Re: Repair Bosch Dishwasher or Buy New?

So glad to hear it! Hope it helps others and glad I can finally say I've contributed something useful to Bogleheads!
by hoeboe
Sun Apr 07, 2019 7:07 am
Forum: Personal Consumer Issues
Topic: Extended warrenty for refrigerator
Replies: 18
Views: 1130

Re: Extended warrenty for refrigerator

I also very rarely buy extended warranties. However, when I replaced my 13 year old Samsung late last year at Lowes with a Fridgidaire, I was talked into it. Why? When you buy an extended warranty at Lowes, all maintenance items for that appliance are 1/2 off. Modern refrigerators have ridiculously ...
by hoeboe
Tue Apr 02, 2019 12:41 am
Forum: Personal Consumer Issues
Topic: Repair Bosch Dishwasher or Buy New?
Replies: 35
Views: 4185

Re: Repair Bosch Dishwasher or Buy New?

Are you in any way handy with a soldering iron? I have a similar vintage Bosch dishwasher with similar (same problem?) symptoms. It would also run a cycle for much longer than normal, never getting clean. Cleaned everything, checked all filters and pump. I had given up and was about to pull the trig...
by hoeboe
Sun Jan 13, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Part time work and taxes
Replies: 5
Views: 665

Part time work and taxes

Possibly simple question here. I am working a part time gig. This is occasional weekend work and will gross about $5k-$10k a year. Let's just say it is as much a paid hobby as it is part time work. More so I consider it a start on a post-FIRE gig (sorry if this term get's overused). In the meantime,...
by hoeboe
Sun Oct 07, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement health insurance from employer
Replies: 10
Views: 1437

Re: Early retirement health insurance from employer

Thanks for the responses and feedback. I would agree with the assessments of most that this is not something I can absolutely count on. I see it as a nice perk but I wouldn't stake my retirement strategy with this on the edge of making things affordable. If things changed drastically, it would defin...
by hoeboe
Sun Oct 07, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement health insurance from employer
Replies: 10
Views: 1437

Early retirement health insurance from employer

This post got me thinking about my own plans. https://www.bogleheads.org/forum/viewtopic.php?p=4152688#p4152688 I am eligible for subsidized retiree health insurance from my employer due to my years of service with Megacorp. I plan to retire early in the next few years (age 50 or sooner) and will re...
by hoeboe
Fri Jun 29, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Timing exit from megacorp
Replies: 54
Views: 7057

Re: Timing exit from megacorp

Thanks for all the great replies. It is more than a year out, but I was able to add several things to my checklist. 1) Wait until bonus is in the bank 2) Max out 401k early 3) Time the departure to accrue as much vacation as possible. In my case, after the 1st of a month. 4) Verify whether insurance...
by hoeboe
Tue Jun 26, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Timing exit from megacorp
Replies: 54
Views: 7057

Re: Timing exit from megacorp

Regarding health care, I would need to fund about 15 years of insurance. I do qualify for retiree health benefits through megacorp and can continue with the same insurance. I would be responsible for more of the premiums than I pay today, but it would still be subsidized. Nice benefit.
by hoeboe
Tue Jun 26, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Timing exit from megacorp
Replies: 54
Views: 7057

Re: Timing exit from megacorp

OP here. Thanks for all the great feedback! It's appreciated. I've thought before that the optimum time to quit in my case would be the 1st of the month after I get my personal bonus. As someone above pointed out, for me this also accrues about 2.5 vacation days. So, if the payout is the 15th, work ...
by hoeboe
Tue Jun 26, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Timing exit from megacorp
Replies: 54
Views: 7057

Timing exit from megacorp

The situation- I am a top performing employee, well-compensated, and see no reason for this to change in the future. I was very fortunate to do well early in my career and my wife and I have always lived well below our means. This will enable me to retire early from megacorp in the next few years an...
by hoeboe
Sat Apr 30, 2016 10:26 pm
Forum: Personal Consumer Issues
Topic: Visiting Napa Valley, CA
Replies: 20
Views: 3125

Re: Visiting Napa Valley, CA

Start the day with breakfast at auberge du soleil. Hoity toity inn ($1000+per night), with an expensive but worth it ($25-30pp) breakfast, but some of the best views of the valley. As others have mentioned, visit BV in Rutherford. Join their wine club, buy a bottle, and go to the Rutherford grill fo...
by hoeboe
Mon Mar 14, 2016 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Is it too early to buy our "empty nest" home?
Replies: 11
Views: 2043

Re: Is it too early to buy our "empty nest" home?

Beware boomerang kids returning home after they complete college, can't find a job and can't afford to live on their own. This is the norm these days. We expect our #1 son, currently in college will be back in his old room when he's done with college (engineering) to pay his student loans and get h...
by hoeboe
Mon Mar 14, 2016 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Is it too early to buy our "empty nest" home?
Replies: 11
Views: 2043

Re: Is it too early to buy our "empty nest" home?

What's the hurry? In three years, houses will still be available. Hi Joe: You're absolutely correct. Something will always come on the market that checks all the boxes if we are patient. It's the combination of perfect location, right floorplan, and right finish that makes us want to pull the trigg...
by hoeboe
Mon Mar 14, 2016 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Is it too early to buy our "empty nest" home?
Replies: 11
Views: 2043

Re: Is it too early to buy our "empty nest" home?

Our nest was long empty, but this sounds exactly like the neighborhood where we bought our house last summer. We wake up every day amazed that we were able to grab this house. I had been looking specifically in this 4-5 block area for over a year, only to see houses go under contract within 24 hour...
by hoeboe
Mon Mar 14, 2016 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Is it too early to buy our "empty nest" home?
Replies: 11
Views: 2043

Re: Is it too early to buy our "empty nest" home?

Do you still qualify for Roth_IRAs? Think about stopping 529. You can take out loans or catch-up on college costs later. We are discovering that ideal homes in prime locations in gentrifying areas are getting scarce, more expensive. In Seattle, +8% home price increases is exceeding our income gains...
by hoeboe
Mon Mar 14, 2016 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Is it too early to buy our "empty nest" home?
Replies: 11
Views: 2043

Re: Is it too early to buy our "empty nest" home?

How about sell your current home, buy the empty nest home cash, and rent back your current home. That would be great, but it also presumes finding a buyer / investor for the present home which isn't likely to happen. I failed to mention that the two homes are in separate school districts, which may...
by hoeboe
Sun Mar 13, 2016 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Any experience with VRBO? [Vacation Rentals By Owner]
Replies: 19
Views: 4783

Re: Any experience with VRBO? [Vacation Rentals By Owner]

We've had great luck renting from VRBO- probably 10 places on 3 continents and have had some great experiences and made great memories. That said, I've been researching AirBnB for a home i'm looking at purchasing and something interesting I've heard from the owner's side is that VRBO has feedback on...
by hoeboe
Sun Mar 13, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is it too early to buy our "empty nest" home?
Replies: 11
Views: 2043

Is it too early to buy our "empty nest" home?

As the title states... Background: We are a couple who will be empty nesters in approximately 3 years when our two kids are in college. We are looking forward to downsizing, simplifying, and reducing costs when they are out of high school and are planning for an active early retirement in about 10 y...
by hoeboe
Mon Feb 22, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a risk of having too much equity in home?
Replies: 25
Views: 5494

Re: Is there a risk of having too much equity in home?

...Where we live, the total of all liens cannot exceed 80%.... Are there jurisdictions in the US that limit liens to 80%? I know some (many) institutions won't loan more than that, but do such laws exist? What if the property loses value? Are liens in excess of 80% invalid? Oops. You're right. I mi...
by hoeboe
Sun Feb 21, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Is there a risk of having too much equity in home?
Replies: 25
Views: 5494

Re: Is there a risk of having too much equity in home?

Thanks for the quick responses. I am basing my numbers on the difference between the auction reserve price set by the lender and what this home would get for a normal sale. The $200k/$400k was only an example. The spread is actually higher (in $, not %). However, I agree that there is probably indee...
by hoeboe
Sun Feb 21, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Is there a risk of having too much equity in home?
Replies: 25
Views: 5494

Is there a risk of having too much equity in home?

I am watching a situation unfold in my neighborhood where a neighbor has fallen behind and is facing foreclosure. It has escalated to where the home will be auctioned on the courthouse steps next month. Question for the community: Is there a risk of having too much equity in your home? I've heard th...
by hoeboe
Sat Feb 20, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Returning to work part-time - awkward?
Replies: 19
Views: 2626

Re: Returning to work part-time - awkward?

I'll relay a similar situation I witnessed recently. An old boss, who was the most cynical & grumpy person I've worked for, get fed up and quit recently for early retirement (early 50's). She took the remainder of her vacation time. When she came to turn in her badge, they convinced her to work ...
by hoeboe
Sat Feb 06, 2016 10:18 pm
Forum: Personal Consumer Issues
Topic: Purchasing Business Class Tickets
Replies: 37
Views: 5204

Re: Purchasing Business Class Tickets

We've booked a cruise around Spain and Portugal this summer. 2 adults and 2 teens. I looked high and low for the best airfare and after all the checking, we went through the cruise line, which had the best prices. This was a big surprise. for point of reference, RT from DFW to Barcelona was $2500 fo...
by hoeboe
Tue Jan 26, 2016 10:40 pm
Forum: Personal Consumer Issues
Topic: Selling a car - private party
Replies: 12
Views: 1449

Re: Selling a car - private party

I sold my car in Texas last year and hit the exact same snag. The catch was that when the buyer ran a carfax, it still said that there was a lien on the vehicle since I did not retitle it . I went to the local DMV and they assured me that it was no problem whatsoever signing it over. However, this w...
by hoeboe
Thu Jan 14, 2016 10:27 pm
Forum: Investing - Theory, News & General
Topic: What would you tell your 25 yr old self?
Replies: 99
Views: 9924

Re: What would you tell your 25 yr old self?

Your beautiful bride? Think she's hot now? It's just gonna get better! But, a great relationship still takes work and sacrifice. You will seldom be given responsibility. You need to take it (this has gotten me far at work). Seek and work with those smarter/better placed than you. Worst case you lear...
by hoeboe
Thu Jan 14, 2016 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: What's your company 401k contribution
Replies: 105
Views: 8756

Re: What's your company 401k contribution

Megacorp gives me 2% plus matches 1/1 up to 4%, so max of 6% total. this is inclusive of all bonus, profit sharing, etc. If your pay is over $250k, they'll put the match over and above into a NQ deferred account.

People hired after about 2005 only get the match, no 2%.
by hoeboe
Mon Jan 11, 2016 9:28 pm
Forum: Personal Consumer Issues
Topic: Pamplona Spain (Running of the bulls) Recommendations
Replies: 12
Views: 1418

Re: Pamplona Spain (Running of the bulls) Recommendations

Thanks again for the suggestions.

Bigred-thanks for the first hand info!
Staying in Zizur Mayor sounds like a good alternative. Did the buses run early in the morning? I think you still need to get in pretty early to get to your balcony before the streets are closed.

Thanks!
-hobo
by hoeboe
Sun Jan 10, 2016 5:49 pm
Forum: Personal Consumer Issues
Topic: Pamplona Spain (Running of the bulls) Recommendations
Replies: 12
Views: 1418

Re: Pamplona Spain (Running of the bulls) Recommendations

Pamplona is in the beginning of Camino Frances, a Spanish leg of the Camino de Santiago. In April 2015, I arrived to Pamplona, spent a day and a half there, and took a bus to Roncesvalles, my starting point. In Pamplona, I stayed at an albergue Jesus y Maria , a block from the streets where the bul...
by hoeboe
Sun Jan 10, 2016 5:43 pm
Forum: Personal Consumer Issues
Topic: Pamplona Spain (Running of the bulls) Recommendations
Replies: 12
Views: 1418

Re: Pamplona Spain (Running of the bulls) Recommendations

Thanks for the suggestions! It's great to here some personal experience. We have already booked the cruise and were looking at the dates when we realized that the festival was that same week. So, while i would not have specifically decided to vacation there for the fiesta, this may be a once in a li...
by hoeboe
Sun Jan 10, 2016 8:59 am
Forum: Personal Consumer Issues
Topic: Pamplona Spain (Running of the bulls) Recommendations
Replies: 12
Views: 1418

Pamplona Spain (Running of the bulls) Recommendations

I know there are many seasoned travelers here and I'm looking for suggestions. My family and I (4 total) are taking a cruise that stops overnight in Bilbao Spain during the Fiesta de San Fermin in Pamplona, which is two hours away. We'd like to take this opportunity to witness (NOT PARTICIPATE!) the...
by hoeboe
Sun Nov 15, 2015 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about NQDCs [Nonqualified deferred compensation]
Replies: 10
Views: 1590

Re: Let's talk about NQDCs [Nonqualified deferred compensation]

At my Megacorp (in tech), this is offered to people in the top 5% of salaries, whatever the job function. However, to achieve this limit, they have both a salary threshold and a job grade / job title threshold, corresponding to people reporting to a director, who is one level below a VP. I'm not sur...
by hoeboe
Mon Nov 09, 2015 9:35 pm
Forum: Personal Consumer Issues
Topic: Anyone know of a quality electric razor?
Replies: 18
Views: 2629

Re: Anyone know of a quality electric razor?

I'll preface this with I have a thick beard and must shave daily. I used to use the 3 blade Gillettes, but I also have sensitive skin and could not shave even slightly against the grain. When I switched to an electric user for the last 10 years or so, I found I actually got a closer shave since I co...
by hoeboe
Thu Nov 05, 2015 9:26 pm
Forum: Personal Consumer Issues
Topic: An alternative to dumping your land line [negotiate discount]
Replies: 16
Views: 3052

Re: An alternative to dumping your land line [negotiate discount]

Another Ooma fan. Been very happy for almost 3 years, pay less than $4/month. Sound quality is great. Their "dashboard" website says I've saved $1130 since Feb 2013.That's easily true. It. Just. Works. I highlight this since I've also had Vonage and the voice quality was not as good and I ...
by hoeboe
Thu Nov 05, 2015 9:16 pm
Forum: Personal Consumer Issues
Topic: Costco auto buying service is USELESS!
Replies: 43
Views: 30672

Re: Costco auto service is USELESS!

I purchased a 2014 Mazda3 (2.5l grand touring hatchback) back in March 2014. I submitted an inquiry through the Costco program as well as emailed all the local dealerships. The "Costco Sanctioned" quote was $24693 and several dealers were willing to go for that. My emailing landed me the e...
by hoeboe
Sat Sep 12, 2015 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Life lessons: Making loans to friends. Insights? Revelations?
Replies: 191
Views: 25800

Re: Life lessons: Making loans to friends. Insights? Revelations?

About two years ago my sister was going through a divorce. For the last 15 years, their family (BIL and 3 kids) were highly subsidized by her mother in law. With the divorce, the mother in law of course cut the umbilical cord. To put it in perspective, my sister and her husband were in their late 40...
by hoeboe
Thu Aug 06, 2015 3:51 pm
Forum: Personal Consumer Issues
Topic: Kia reliability/warranty coverage
Replies: 7
Views: 2730

Re: Kia reliability/warranty coverage

Coincidentally, I am about to purchase a (used) 2014 Kia Forte so i have been looking a little bit into the warranty. 1) My understanding of emissions components warranties is that these are federally mandated (or california specific mandated) that all manafacturers must follow. I've had friends wit...
by hoeboe
Tue Aug 04, 2015 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Helping cash poor, land rich relative
Replies: 26
Views: 5531

Re: Helping cash poor, land rich relative

Yet another follow up. Perhaps others in this situation can benefit. Things are going well with the aunt. She has been in the nursing home for the last 10 months and is in better condition now than when she started. She suffers from dementia and she definitely gets better care from here than she did...