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by TomatoTomahto
Sun Dec 17, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp wants to change my bonus!
Replies: 14
Views: 1992

Re: Megacorp wants to change my bonus!

We are reaching a stage where DH is finally realizing that he will be leaving RSUs on the table at retirement, thus nullifying an increasing percentage of each new bonus. Are you sure? IME, RSUs are not forfeit unless you are fired for cause or leave to go to a competitor. The definition of a compe...
by TomatoTomahto
Sun Dec 17, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: 529 tax loophole? Am I missing something?
Replies: 3
Views: 654

Re: 529 tax loophole? Am I missing something?

Someone else here will come up with a legal objection. I will just say that much ill will has been generated by relatives being too clever for the tax man, and not a little theft/conversion between relatives.

I'll wait for you on Judge Judy.
by TomatoTomahto
Sun Dec 17, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 72
Views: 2806

Re: New job offer - background check

OP, I PMed you.
by TomatoTomahto
Sun Dec 17, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 34
Views: 2162

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

Same with the smaller wheels. On the Model X, I have 19" snow and 20" summer tires. I much prefer the ride with the 19". I am considering replacing the 20" summers with 19", but Tesla doesn't offer them, so I'd have to go 3rd party. The larger wheels might look good, but have I mentioned pot holes ...
by TomatoTomahto
Sun Dec 17, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 72
Views: 2806

Re: New job offer - background check

Tell the recruiter about the issue. Be completely open and honest with him/her. The recruiter is your advocate. Let him/her advise you on how to handle the issue. With respect, no. The recruiter is an advocate for the deal, just as a realtor is an advocate for the deal. She may be friendly, and tho...
by TomatoTomahto
Sun Dec 17, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 72
Views: 2806

Re: New job offer - background check

(that said, I don't know that I'd try to hide the past. If it does make a difference to them, do you really want to work there? Working somewhere that doesn't really want you is an unhappy way to live.) The coverup is always the deadliest. I once had to terminate someone who had answered a question...
by TomatoTomahto
Sun Dec 17, 2017 11:33 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 72
Views: 2806

Re: New job offer - background check

Thanks all. I will tell the recruiter that I cannot give notice at my current job until I have been informed that all checks and other conditions of the offer are clear. I am not going to bring anything up. If the recruiter asks if anything may come up in the check that concerns me, I am going to b...
by TomatoTomahto
Sun Dec 17, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 72
Views: 2806

Re: New job offer - background check

I already have a start date. I suppose I tell the recruiter that in order to meet it, I will need to know that the background check is clean. I am torn on whether I want to bring it up now with the recruiter, the company, or just not say anything. I don't see anybody disqualifying a great candidate...
by TomatoTomahto
Sun Dec 17, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 72
Views: 2806

Re: New job offer - background check

If your job is at a financial institution, especially a Federally chartered bank, I would allow extra time for them to do the background check.

Wherever the new job is, I don’t recommend resigning until you’ve cleared on-boarding checks.
by TomatoTomahto
Sun Dec 17, 2017 7:21 am
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 44
Views: 1950

Re: Best 401k Employer Match Structure

We have had various matching plans over the years, ranging from the extremely generous 2x match (reduced steadily to finally land at 50%) to DW’s current Scrooge-ish ZERO Matching (because she’s highly comped). Our son’s new employer matches 1 for 1, but they are an outlier. I think a 50% match hits...
by TomatoTomahto
Sun Dec 17, 2017 7:08 am
Forum: Personal Consumer Issues
Topic: Financial Assistance to Adult Child (health insurance)
Replies: 65
Views: 2835

Re: Financial Assistance to Adult Child (health insurance)

OP, I have great sympathy for your situation. I have a 27-year old that is not financially independent now, although he was for a while before returning to college. I often remind myself that there are parents with much greater heartaches, and try to look on the bright side. A therapist friend says ...
by TomatoTomahto
Sat Dec 16, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 34
Views: 2162

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

Just curious, how would you get another $7500 rebate if you already have a Tesla. Did you buy pre owned? There's no limit on how many electric cars you can buy and claim the federal tax credit. I bought new, and between federal, state, local, and power company I got $13,500 in tax credits. In NJ, t...
by TomatoTomahto
Sat Dec 16, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1512

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

TimeLord, all these threads of your asking what about this or that... I can't help but think, the quest for the perfect plan is the enemy of a good plan. Why don't you just go 50/50 and call it good? You've won the game... stop playing. You are obviously obsessed with your portfolio and how to arra...
by TomatoTomahto
Sat Dec 16, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 175
Views: 13043

Re: Save all this money, what do you splurge on?

DH really doesn’t believe in splurging. His goal is to leave a hefty legacy to his adult children, which they are counting on. I, on the other hand, splurge on theater tickets with friends. I like the good seats, too. Ah. There’s the rub. Pardon me for saying this, not knowing anyone involved, but ...
by TomatoTomahto
Sat Dec 16, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1512

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

Teachers say “use words,” so I’ll add some to my pictorial approval above. We are in a situation not too different from yours, basically having won the game. I found it very freeing to convert to our personal form of Liability Matching Portfolio. Bernstein would discourage the use of Total Bond, but...
by TomatoTomahto
Sat Dec 16, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 175
Views: 13043

Re: Save all this money, what do you splurge on?

Re TP, after a wonderful week in Japan, DW and DS came back insisting on Japanese toilets. TP is so 20th century.
by TomatoTomahto
Sat Dec 16, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Changing companies and what to do w pretax retirement funds
Replies: 10
Views: 520

Re: Changing companies and what to do w pretax retirement funds

I completely missed that! You're right. I'll just push everything into my new employer's 401k. Thank you for stating the obvious! Makes me think that a financial advisor could be worth it so that I don't make a mistake like this. :oops: This is not at all obvious. If your new employer's 401(k) has ...
by TomatoTomahto
Sat Dec 16, 2017 7:43 am
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 6263

Re: Snow Tires? Worth it?

Do people tip their garage mechanic for anything else done there? If it was one of my kids doing the work, the answer is no. Around here, many tip mailman, UPS guy, garbage, recycling, newspaper, etc., during the holidays, but I’ve never even thought of tipping a garage mechanic who puts on tires. ...
by TomatoTomahto
Fri Dec 15, 2017 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Changing companies and what to do w pretax retirement funds
Replies: 10
Views: 520

Re: Changing companies and what to do w pretax retirement funds

Tomato, I completely missed that! You're right. I'll just push everything into my new employer's 401k. Thank you for stating the obvious! Makes me think that a financial advisor could be worth it so that I don't make a mistake like this. :oops: We're cheaper. :P Yes, honestly, you don’t need an adv...
by TomatoTomahto
Fri Dec 15, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Changing companies and what to do w pretax retirement funds
Replies: 10
Views: 520

Re: Changing companies and what to do w pretax retirement funds

NO! Having funds in a tIRA will make a backdoor Roth (if it’s truly a backdoor) very expensive for you. See pro rata rule in the wiki.

It’s the reason I haven’t had a backdoor Roth for decades now.
by TomatoTomahto
Fri Dec 15, 2017 2:14 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 6263

Re: Snow Tires? Worth it?

I don't think that those who use all season tires to make it through the entire year are being ignorant in snowy regions of the US or Canada, it's just they have chosen to "get by" with what they have because you can "get by" with allowing longer duration for accelerating from a stop, and more leng...
by TomatoTomahto
Fri Dec 15, 2017 8:16 am
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3582

Re: How to deal with Micro-manager

It's not this aspect, the "micro" aspect comes with work too, for example, a document will be reviewed and the feedback will not be about the quality of the content but about stuff like paraphrasing, including a "," etc.. While using company chatting also she feels it is silly that he uses many emo...
by TomatoTomahto
Fri Dec 15, 2017 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 34
Views: 2162

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

I would consider doing it, in large part because the sensors on the 3 will be much more capable than on the S. I personally use Superchargers seldom, so that wouldn’t be a factor, and I think the payment model for Superchargers is very fair. I have not seen a 3 in person, but I think they are easier...
by TomatoTomahto
Fri Dec 15, 2017 7:54 am
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 2010

Re: any sense in purchasing an annuity before retirement?

Re: inflation adjusted SPIA - I’ll admit that it has been a couple of years since I looked, but at the time, all the SPIA with “inflation adjusted” payouts were just payments that went up by a fixed percentage each year. To me, that’s close to useless. I would consider a “floor” approach, and inflat...
by TomatoTomahto
Fri Dec 15, 2017 7:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 53
Views: 4165

Re: Vanguard Security Keys

. . . They could for example take note of how people log in, flag changes, and give those transactions particular scrutiny looking for things like pump and dump. To pump and dump, I think someone would have to convert my MF-only account to a brokerage account. That might be an unanticipated securit...
by TomatoTomahto
Thu Dec 14, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA worth it?
Replies: 22
Views: 1884

Re: Backdoor Roth IRA worth it?

My son did one of those a few years ago when what he thought was earned income was reported as a stipend. It took 2 minutes on the phone. Simple and painless.
by TomatoTomahto
Thu Dec 14, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4665

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

OP, just read the books mentioned above.

You make it difficult to like you, and I’m usually an oblivious guy (think Forrest Gump) who stumbles along in life, thinking everyone is his friend.

God gave us two ears and one mouth, so we ought to listen twice as much as we speak.
by TomatoTomahto
Thu Dec 14, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 6263

Re: Snow Tires? Worth it?

Well, 123.8 is almost 124 inches; how is math wrong? Seriously, why do we always think if something is "near", it can NOT be "over"? Slightly "over" or "under" is by definition "near". I'm not a native English speaker, but I'm pretty sure that in common usage, when something is "nearly" x, it means...
by TomatoTomahto
Thu Dec 14, 2017 8:44 am
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 6263

Re: Snow Tires? Worth it?

I wonder how long that Wikipedia math has stood uncorrected.
by TomatoTomahto
Thu Dec 14, 2017 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 2614

Re: Edward Jones Guided Solutions - Spouse is Employee

I guess i have a hard time how an employer could legally prohibit an employee’s spouse from going and buying an index fund somewhere else. There's no law that would stop them, if that's what you mean; your right to invest with Vanguard is not legally protected. I don't know the FINRA side of things...
by TomatoTomahto
Wed Dec 13, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4665

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

Now the S&P is trading after hours at a bid level where I could have made $400 today had I waited and sold now. I hate the markets so much. OK signing off. Please give me the ability to slap myself if I ever do something dumb like this again. All the amount of slapping isn't going to help you. Here...
by TomatoTomahto
Wed Dec 13, 2017 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA worth it?
Replies: 22
Views: 1884

Re: Backdoor Roth IRA worth it?

Often some 401k have one fund whose ERs aren’t horrible. Does yours? Perhaps a Stable Value Fund?

We would need to know more about your tax situation to figure out how much converting your tIRA to a rIRA would cost. I have a sizable Rollover tIRA and no 401k, so I gave up on backdoor.
by TomatoTomahto
Wed Dec 13, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4665

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

S&P futures are down 2 basis points. That’s relatively flat, but down. What do you know that nobody else does? ETA: you posted while I was typing and checking futures. $23 dollars, heh? Sounds like the crappiest job in the world. Second crappiest might be following you around to slap you when you ge...
by TomatoTomahto
Wed Dec 13, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 320
Views: 23636

Re: To take or not to take delivery of Tesla 3

240U wrote:
Wed Dec 13, 2017 2:42 pm
Don't worry, Tesla fanboys are here as well. :D
You betcha :D

One of the reasons I’m a BH is not to win a “more frugal than thou” contest, but to have the means to buy things that matter to me.
by TomatoTomahto
Wed Dec 13, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 53
Views: 4165

Re: Vanguard Security Keys

. . . They could for example take note of how people log in, flag changes, and give those transactions particular scrutiny looking for things like pump and dump. To pump and dump, I think someone would have to convert my MF-only account to a brokerage account. That might be an unanticipated securit...
by TomatoTomahto
Wed Dec 13, 2017 4:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 53
Views: 4165

Re: Vanguard Security Keys

^ well, I think I’ve met the standard of “doing everything a reasonable person can do.” When there is an option to disable SMS, I will take the option.
by TomatoTomahto
Wed Dec 13, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching elementary school kids about money
Replies: 32
Views: 1892

Re: Teaching elementary school kids about money

Good luck. Our two kids were raised similarly, are close in age, and couldn’t be more different when it comes to money.
by TomatoTomahto
Wed Dec 13, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3582

Re: How to deal with Micro-manager

Wow. He sounds like a classic jerk. I think your wife should, discreetly, find out how well he’s regarded in the company. VERY discreetly.

I guess, on the bright side, he’s not in the office much to bother her.
by TomatoTomahto
Wed Dec 13, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3582

Re: How to deal with Micro-manager

Is the manager the hiring manager?

How does the manager interact with other direct reports? Men/women? Senior/junior? What kind of people does he treat with respect?

I would not do a skip-level until she has attempted resolution with the manager.
by TomatoTomahto
Wed Dec 13, 2017 7:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 53
Views: 4165

Re: Vanguard Security Keys

I am never sent an SMS text when using the security key to log in. Only once, when I was initially learning not to use the key with the device on anything but a flat surface, I had to resort to SMS text as backup. Since then, I've always used the key and never request or receive an SMS code. If you...
by TomatoTomahto
Wed Dec 13, 2017 5:47 am
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 108
Views: 12995

Re: The valet smashed my Tesla into a brick wall!

Thanks for the update, and enjoy your Tesla when you get it back. As much as I love mine, it’s still just a car.

Happy to hear that the horror stories about parts supply are no longer true.
by TomatoTomahto
Tue Dec 12, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Hedging RSUs
Replies: 6
Views: 446

Re: Hedging RSUs

We have never hedged RSUs. I'm not sure that compliance would have approved of doing it, but we never asked. Since your wife left the company, I guess that's not a problem, but I still wouldn't do it. Fwiw, we had RSUs worth roughly a year's compensation (but vesting spread out over a few years), so...
by TomatoTomahto
Tue Dec 12, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 6263

Re: Snow Tires? Worth it?

All season are... All season. If this car is for driving on plowed roads, all season is all you need. Snow tires may give people the illusion they have better traction on ice which could cause one to go faster than the conditions allow. I work in a group of engineers and this topic is discussed oft...
by TomatoTomahto
Tue Dec 12, 2017 6:34 am
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 6263

Re: Snow Tires? Worth it?

I put snows on her FWD commuter..previously a LEAF, now a Bolt, and she has never had as much as a skid. I think EV, with their instantaneous torque adjustments and regenerative braking, are inherently safer in snow. I put winter tires on kid’s Volvo XC60 AWD, wife’s Range Rover (not a bad snow car...
by TomatoTomahto
Sun Dec 10, 2017 11:56 am
Forum: Investing - Theory, News & General
Topic: How should I look at SS and pensions when developing my post-FRA AA?
Replies: 30
Views: 1015

Re: How should I look at SS and pensions when developing my post-FRA AA?

Simple straightforward question. How should I look at SS and pensions when developing my post-FRA AA? Should I count them as bonds @ 25x, should I discount them to 20x or 15x, or should I disregard them. It makes sense to me to regard them as guaranteed income streams and subtract them from project...
by TomatoTomahto
Sun Dec 10, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Quit jobs to gain lower EFC [Expected Family Contribution]
Replies: 89
Views: 5960

Re: Quit jobs to gain lower EFC

Our first is also taking/taken 8 AP and two local state U classes. For those whose kids have done this, and I know those who score a "5" on all their AP tests will probably have a higher number, how many credits did the college/university award your student's over what was possible (ie: percentage)...
by TomatoTomahto
Sun Dec 10, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Windfall and Personal Retirement
Replies: 4
Views: 823

Re: Windfall and Personal Retirement

Welcome to the forum. We don’t know enough to know whether you should be more conservative, but we do know: 1. You can save $2k by not having an advisor. 2. At your age, splitting between Total Stock and Total International Stock won’t be massively wrong. Keep an Emergency Fund in a Money Market, Ma...
by TomatoTomahto
Sun Dec 10, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Quit jobs to gain lower EFC [Expected Family Contribution]
Replies: 89
Views: 5960

Re: Quit jobs to gain lower EFC

Our first is also taking/taken 8 AP and two local state U classes. For those whose kids have done this, and I know those who score a "5" on all their AP tests will probably have a higher number, how many credits did the college/university award your student's over what was possible (ie: percentage)...