Search found 146 matches

by Pacman
Mon Jun 18, 2018 12:07 am
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 57
Views: 4129

Re: how to make friends in new location?

OP - I can somewhat relate. I'm married, early 30s and also somewhat of a monk in that I don't NEED to have social plans all the time. Some people might say this is sad, but I haven't made a new "close" friend since college. I don't necessarily having a burning desire to do so either. From talking t...
by Pacman
Fri Jun 15, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: I am STUNNED over how much help my friends recieved with house purchase!
Replies: 47
Views: 3661

Re: I am STUNNED over how much help my friends recieved with house purchase!

I don't think the OP is necessarily jealous about this. It's just surprising how often this takes place. I'm early 30s in a relatively high COL area and didn't even know this was a thing until recently. Frankly, I'm almost embarrassed for my friends who took their parents money for a downpayment. So...
by Pacman
Thu Jun 07, 2018 5:22 pm
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5059

Re: daughter wants a college transfer?

I went to a large university with a lot of fraternities/sororities. That environment can be brutal when you're not part of it, and you can pretty much guarantee that her old friends won't make much time for her now since they are busy with greek life. If I had to do it over, I would have gone elsewh...
by Pacman
Sat May 26, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Professional negotiator
Replies: 21
Views: 2416

Re: Professional negotiator

I will share 2 thoughts: 1) I have a friend with a part-time CPA practice. His clients pull him into everything from negotiating real estate and even buying cars. I have no idea if other small time CPAs are utilized in the same way, but the advantage here are that clients trust him with finances. 2)...
by Pacman
Wed May 23, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 158
Views: 5720

Re: Purchasing a house, downpayment vs. retirement and other considerations

I'm sure the in-laws are well-intentioned and generous people; but I would just feel strange taking money from my in-laws and would be worried about the power dynamic of the relationships changing. If they are financially savvy, they have probably given thought about how to structure gifts in the ev...
by Pacman
Tue May 22, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6009

Re: How have you upgraded your wardrobe?

IMO, if you are not client facing or looking to move up the corporate, you don't need to upgrade your wardrobe. I personally go with brooks brother slim fit, kirkland dress pants, and Allen Edmunds shoes (~$200 pair when on discount). Whatever you do, don't make the mistake of buying a pair of high-...
by Pacman
Sat May 12, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24166

Re: Lucrative careers?

OP - If you plan to do a business related undergrad, accounting would be a decent choice. Like you, I was terrible at math but okay at accounting since I like counting money :-). You don't need to be a genius to do well in this profession. Passing the CPA just took time commitment, and moving up the...
by Pacman
Tue May 08, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle problem employee
Replies: 84
Views: 5757

Re: How to handle problem employee

Not everyone in corporate america is a high performer - that's just the way it is. I'm actually a bit concerned that as a new manager, you just want to fire the person, versus adapt your approach. I'm a relatively new manager with a few difficult employees and encountered the similar situations as y...
by Pacman
Mon Apr 23, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10283

Re: Salary Negotiation gone sour

Get a new 3rd party recruiter. They are not being upfront with you.
by Pacman
Fri Apr 20, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 9514

Re: NYT article: Everyone should hire a financial planner

Maybe not everyone, but A LOT of people should hire a financial planner. All of my peers have a college degree and most have graduate degrees, but many aren't maxing out tax-advantaged space, or have their 401k in mutual funds with front loaded fees and high expense ratios, or have whole life rathe...
by Pacman
Sat Apr 07, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: "The Secret"
Replies: 19
Views: 2759

Re: "The Secret"

I suspect The Secret will get some criticism by other posters, due to way it was marketed. However, I do think there is a lot of value in trying to formulate the right psychological mindset for achieving your goals - whatever that means for you. Through my 20s, I felt like my mindset/habits were act...
by Pacman
Tue Mar 20, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Was my experience with a CPA typical?
Replies: 21
Views: 3460

Re: Was my experience with a CPA typical?

I'm a CPA and worked at a small tax firm briefly. There are firms that take anyone (and do high volume) and those that specialize in specific areas such as real estate, dentists, attorneys, construction, etc. If you go to a 'generalist' - they may not be experts in your situation and will have to re...
by Pacman
Mon Mar 19, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: Incredibly sleazy Northwestern Mutual cold caller
Replies: 78
Views: 8112

Re: Incredibly sleazy Northwestern Mutual cold caller

If I had a company where I needed salespeople, I would hire this person.
by Pacman
Fri Mar 16, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 7485

Re: How does everyone here earn so much?

OP - Keep in mind that some of the incomes posted are household income. With 2 working adults, that is $100K a person which is still great money, but not on the same level as $200K a person. Secondly, there are alot of helpful people on this forum who never feel the need to post their own financial ...
by Pacman
Thu Mar 15, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Tips on saving on living expenses for a first time single householder
Replies: 46
Views: 3182

Re: Tips on saving on living expenses for a first time single householder

The best advice that I could give you is to spend $500 or so on three high quality knives and some basic pieces of high quality cookware, including a nice cast iron pan, and basic kitchen equipment. You can use them for the rest of your life. You can use plates, silverware, and glassware from thrif...
by Pacman
Wed Mar 14, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 13200

Re: Need advice re: Liberal Arts Colleges...

Lots of myths that need busting... 1. It is a myth that undergrad B-School degrees get you a high-paying job. MBA degrees might, but undergrad B-School degrees tend to lag behind the liberal arts and stem degree holders. 2. Some STEM degrees lag behind some liberal arts degrees in terms of lifetime...
by Pacman
Tue Mar 13, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6378

Re: Accountant not doing taxes while you are there

As a CPA, I'm hearing unrealistic expectations. Do you really want your accountant to get you in and out in 30 minutes? I know some accountants run their firms like fast food restaurants and get people in and out that quickly, but I think your more likely to see mistakes that way... heck, I can't ev...
by Pacman
Tue Mar 13, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: Tax software recommendation for CPA
Replies: 7
Views: 883

Re: Tax software recommendation for CPA

I would recommend you ask this over at the forums over at taxprotalk.com. There is some advanced software that lets you pay per return, so you are not paying a ton of money upfront.
by Pacman
Mon Mar 12, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Amount saved by age
Replies: 58
Views: 8500

Re: Amount saved by age

I really like the madfientist podcasts. There is a good one from kitces http://pca.st/hfNT. Minimize your major recurring costs to maximize your savings. Before making big purchases calculate cost, time saved, cost per hour of gained/lost free time, increased salary, cost per use. Houses, apartment...
by Pacman
Sun Feb 25, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: Value of an Elite MBA
Replies: 58
Views: 5894

Re: Value of an Elite MBA

I would be most interested in hearing from people who attended an Elite MBA and regretted it. I know they are out there.
by Pacman
Mon Feb 19, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Sister is a good saver...she wants to buy a house now
Replies: 9
Views: 1006

Re: Sister is a good saver...she wants to buy a house now

Is your sister okay with you posting her financial stats on the internet?
by Pacman
Mon Feb 19, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 10406

Re: Do you wear a wedding band? [at a job interview]

OP -

I am an early 30s male who is married. The only time I ever wear my wedding band is on interviews. As I am competing with older people for positions, who are already married and have kids, I would look younger and immature without a wedding band.
by Pacman
Sun Feb 11, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Do you think it is worth the money to travel to warm weather destinations during the winter?
Replies: 77
Views: 7073

Re: Do you think it is worth the money to travel to warm weather destinations during the winter?

I think spring training baseball in AZ is overrated and overpriced. I do like the gulf coast beaches in Florida, however. As Sperry mentioned above, get into the Credit Card rewards game. One other thing I do to save money on these trips is just to drive straight through to the location from the Mi...
by Pacman
Sun Feb 11, 2018 12:07 pm
Forum: Personal Consumer Issues
Topic: Do you think it is worth the money to travel to warm weather destinations during the winter?
Replies: 77
Views: 7073

Re: Do you think it is worth the money to travel to warm weather destinations during the winter?

I think spring training baseball in AZ is overrated and overpriced. I do like the gulf coast beaches in Florida, however. As Sperry mentioned above, get into the Credit Card rewards game. One other thing I do to save money on these trips is just to drive straight through to the location from the Mid...
by Pacman
Sun Feb 11, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 5050

Re: Family expecting “comps”

Assuming you're not telling family members: "come on by! We'll take care of you" - then yes they are being unreasonable.
by Pacman
Mon Jan 22, 2018 6:24 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 105
Views: 11071

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

WCI has interesting points. For what its worth, I looked at your portfolio assessment post, and even as a CPA, its a lot of work to digest your situation and then provide recommendations. Easily 30 minutes worth of effort. If you feel you need customized advice and can't find other similar situation...
by Pacman
Fri Jan 19, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: CPA Careers
Replies: 10
Views: 1550

Re: CPA Careers

There are many career options available such as working in public accounting in audit/tax/consulting, working at a big company in the finance or accounting department, or even working at a government agency like the IRS. If you come out of a school with decent recruiting options (such as a big state...
by Pacman
Fri Jan 05, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting question - "Cash Equivalents" for organization
Replies: 30
Views: 1233

Re: Accounting question - "Cash Equivalents" for organization

SEC has one standard, GAAP, state boards, etc. have slightly different standards. This is a very confusing statement. Are you trying to say investment funds regulated by the SEC might have different standards for cash & equivalents? The OP is not running an investment fund. I think is just saying t...
by Pacman
Fri Jan 05, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting question - "Cash Equivalents" for organization
Replies: 30
Views: 1233

Re: Accounting question - "Cash Equivalents" for organization

I would double check the accounting standard. There should be some documentation on why that standard is that standard. From my experience, cash equivalents are bonds with maturities under a year. This better reflects economic reality. However, this is more complex than bonds issued with less than ...
by Pacman
Tue Dec 26, 2017 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 7570

Re: Can I afford a $600-650k house?

What's the big rush to buy a house? I'm honestly surprised you even bought a condo. It sounds like you are fearful of increasing housing prices or something, but in any case, you are not in the stage of life where you should be moving to a SFH. Wait until you actually have kids and when the school d...
by Pacman
Tue Dec 26, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: How much should 20-30yr olds have in their 401s? And which funds?
Replies: 5
Views: 1358

Re: How much should 20-30yr olds have in their 401s? And which funds?

OP - I don't think you are asking the right question. If you try to give pointers to your kids on what their 401K should be at certain ages, they might interpret this as not needing to save anything outside of the 401K. A more relevant question is what their savings rates should be and perhaps their...
by Pacman
Thu Dec 21, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8415

Re: New job offer - background check

OP - I personally wouldn't bring up the topic you are concerned about unless specifically asked. I think you just need to say to the hiring company: "Can you confirm that the HR department has completed all required paperwork and checks so I can give my current employer 2 weeks notice?" This will le...
by Pacman
Wed Dec 13, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 3498

Re: WHO IS RIGHT ME or SPOUSE

I'm surprised by some of the responses. Continue giving your 4 grandchildren $100 each, and then give the spouses of the grandchildren a token gift (if you want). You don't need to give the spouses of the grandchildren $100 also - that is crazy.
by Pacman
Sun Dec 10, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 6277

Re: Can we afford to live on one income?

A couple other things I would think about that haven't been mentioned: - Is there a plan for your wife to ever go back to work? - Will you be doing public or private schools for the kids? - What was the original goal for the money you acquired? Is this decision in line with that original goal? - Age...
by Pacman
Thu Dec 07, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 62
Views: 7499

Re: CPA: The best profession if you want to make the most money + keep the most money?

Weren't you the guy posting about a month ago who runs a tutoring business but wants to go to medical school? I'm not sure whether to take this post seriously, because of some of the phrasing such as "extremely rich" which honestly sounds immature. But anyway, I am a CPA and would recommend it only ...
by Pacman
Tue Dec 05, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Received promotion offer at work and trying to negotiate the pay increase portion.
Replies: 31
Views: 2700

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

Are you getting a higher title as part of the promotion? If so, I would just take the offer and then use that to get even high offers in the market.
by Pacman
Mon Dec 04, 2017 1:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: @@Happy Holidays Bogleheads. How others here helped you?
Replies: 49
Views: 4620

Re: Thanking Bogleheads. How have they helped you. . . or others? Who have you learned what area of advice from?

Well I will post a few that haven't been mentioned: mlebuf - introduced me to the concept of building a 2nd career on the side and retiring early. investingdad - reinforces the power of investing early and often, and that you can just stick to the basics to build wealth over time tommy_gunn - anythi...
by Pacman
Sun Dec 03, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Housing Heuristics - Rising Income
Replies: 15
Views: 1383

Re: Housing Heuristics - Rising Income

I think you should equally consider the possibility of decreasing income. As soon as the baby comes around, I've seen parents drastically scale back from work and go part time, or even stop working entirely for a few years. And in many of these cases, it wasn't even planned in advanced.
by Pacman
Sat Dec 02, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 6002

Re: How do I convince my employees to invest more?

I know alot of really smart people (i.e. ivy leaguers) who think 401Ks are a scam for some reason.
by Pacman
Fri Dec 01, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 8965

Re: The College Bubble - investment opportunities after the collapse?

If this is what you truly believe, then don't allow your kids to go to college and invest those savings.
by Pacman
Thu Nov 30, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 4042

Re: housing for in-laws

You can rent office space at a shared collaboration space for cheap or get your own office somewhere nearby. I did this for a time period as it was cheaper than buying another home or upgrading your current home.
by Pacman
Thu Nov 30, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 5199

Re: I Can "Afford" This Right? (New Car)

I'm slightly younger with similar stats, and personally wouldn't buy it. I like White Coat Investor's rule that you don't buy a new car until you have a million dollars. However, to answer your question, I think you can afford it. The only question is if you can afford the type of girlfriends that t...
by Pacman
Thu Nov 30, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Mid 20s Portfolio Review and Advice Wanted
Replies: 17
Views: 1243

Re: Mid 20s Portfolio Review and Advice Wanted

I agree that a $28K is a bit too expensive for a car at your stage. You should be able to get a used corolla/civic for $10k-$13k with 50,000 or less miles. Also, contrary to what the above poster said, I don't necessarily agree that funding an HSA should take priority over the 401K and Roth IRA. In ...
by Pacman
Thu Nov 30, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much home can we afford?
Replies: 29
Views: 2188

Re: How much home can we afford?

I'm about the same age as you, and don't think you need a house immediately upon having a baby. You have a few years until you need to move into a school district. It also seems that you have had a high savings rate in your renting situation. Secondly, the premise of the question seems to imply that...
by Pacman
Tue Nov 28, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4763

Re: Job interviewing - "do you have any other interviews or leads?"

OP - I'm a CPA about the same age and in the same market as you. I probably wouldn't tell a fib related to a competing job offer, but that's just me. It does sound like they are taking their sweet time though since you have agreed to give them a heads up if anything else comes along - and they feel ...
by Pacman
Tue Nov 28, 2017 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 10203

Re: Can I afford a $1,400,000 house

Well I hope Klangfool chimes in. In my view, you can't even afford the down payment on your own without a gift. That alone should answer it.
by Pacman
Mon Nov 27, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Inspiration to Work After You've Already "Won"?
Replies: 17
Views: 1866

Re: Inspiration to Work After You've Already "Won"?

OP - I hit quite a few financial and career related milestones in a short period of time upon reaching the age of 30. These were goals that I had literally re-written every single day in a notebook and worked hard towards. Once I hit these goals, it's been sort of an eerie feeling. On one hand I won...
by Pacman
Sun Nov 26, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 20974

Re: The fallacy of spending money on "experiences" vs hard assets

OP - My take is that the 'experiences over things' movement is just slick marketing to get people to rationalize overspending on vacations and the like. In posts within this forum and others, I frequently see people rationalizing their massive budgets dedicated towards vacations, bar outings, high-e...
by Pacman
Fri Nov 24, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Job Downsizing Question, HELP!
Replies: 18
Views: 1733

Re: Job Downsizing Question, HELP!

You didn't ask this, but one thing to consider is that new employers often base their starting salary based on what you were making before. Therefore, I would try to find a job before the end of the year before your salary reduction goes into effect.
by Pacman
Thu Nov 23, 2017 12:02 pm
Forum: Personal Consumer Issues
Topic: Making collegebound Kid Financially Savvy Questions..
Replies: 54
Views: 4259

Re: Making collegebound Kid Financially Savvy Questions..

I find it surprising that no one has mentioned books. My parents were avid readers and left books around the house growing up, and I first read the Millionaire Next Door when I was in 8th grade or so - how could a young kid resist a book cover with all those dollar signs? That book put me on a quest...