Search found 470 matches

by mac808
Mon Oct 15, 2018 9:36 pm
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 43
Views: 4092

Re: Corporate politics/culture

Part of the value of a good CEO is their personal network of other executives whom they can recruit to come work for them. Expect 50% of current senior level executives to be replaced within 12 months, and then it will have a trickle down effect from there, with the new C levels and SVPs replacing t...
by mac808
Sun Sep 02, 2018 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Cost of car ownership: 6.5 years of data in the SF bay area
Replies: 44
Views: 5269

Re: Cost of car ownership: 6.5 years of data in the SF bay area

So in cost per mileage terms, seems you were right around 50 cents per mile.

If rideshare was at this price or lower, would you give up car ownership and exclusively use their services instead?
by mac808
Wed Aug 22, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or hold for housing crash in Bay Area CA
Replies: 27
Views: 3181

Re: To buy or hold for housing crash in Bay Area CA

Predictions are very difficult, especially about the future, and especially about real estate in California.

That said, unless you need more space urgently, I would consider waiting another 12 months until the full implications of SALT deduction caps are realized.
by mac808
Tue Aug 14, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 92
Views: 9851

Re: Can we afford to stay in HCOL area?

I'm active in these HCOL markets. The slowdown is real, and is affecting both east and west coast. I think it's due to the delayed onset of tax reform, specifically the SALT deduction cap, which amounted to an effective net tax hike on these $350k-$750k HHI families in high income and property tax s...
by mac808
Tue Jul 24, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Are laminate floors better-wearing than real hardwood?
Replies: 36
Views: 2940

Re: Are laminate floors better-wearing than real hardwood?

Is wood laminate safer these days? I remember a lot of issues around formaldehyde and other chemicals, which peaked with the lumber liquidators recall, but could persist at lower levels.
by mac808
Tue Jun 26, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 70
Views: 9240

Re: Pre nups.

Scary stuff. Law requires me to insure my $25k vehicle. Even if you're 30 you don't have to be a BH to have 100k before marriage in your 401k that could grow to $400k 12-15 years down the line (forget other assets for a moment), seems only practical to insure that $300k gain (and a host of other as...
by mac808
Sun Jun 24, 2018 11:13 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 12941

Re: When did you start flying business class?

As someone else said it is about opportunity cost: if I offered you $8,000 to sit in a chair for 10 hours and read a book, would you do it? This is why I can’t bring myself to book paid first even though the cost would be within personal budget. I use corporate travel, upgrade certificates, and mil...
by mac808
Sun Jun 24, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 379
Views: 37114

Re: What is/ was your career and would you recommend it now?

Custom home builder, started my company in 1974 at age 23 with $5,000, no experience, no investors, non-working wife and small child. 1st 25 years I had good and bad (some really bad) and mostly average years. The last 20 years have been good, some have been great. Really great as far as income. I ...
by mac808
Sun Jun 17, 2018 10:49 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 317
Views: 35132

Re: Concierge medicine Worth It????

Since I have several of my MDs cell numbers and emails, I COULD contact them on nights or weekends but have only sent a text once early Saturday morning just before leaving on a trip, upon realizing I was low on one of my Rx and would run out while traveling. He gave me a new Rx but did razz me abo...
by mac808
Sat Jun 16, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 317
Views: 35132

Re: Concierge medicine Worth It????

Single payer is really the only way to go. Sure, it has its problems, but they are dwarfed by the enormous waste of money that winds up in the pockets of the insurance and pharmaceutical companies with the current system. Concierge vs. non-concierge is just trying to put a bandaid on a fracture. Si...
by mac808
Fri Jun 08, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: My Pension is Really Valuable
Replies: 13
Views: 2347

Re: My Pension is Really Valuable

No. A govt pension in my state is treated as property under the constitution that cannot be taken. Govt would have to "go after yours" first via tax/fee as they always have to meet their obligation. We have paid our part (7.5%) and also get no COLA after retirement as is not the case in several oth...
by mac808
Fri Jun 01, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Just bought condo; crazy to take out HELOC to buy a parking spot?
Replies: 28
Views: 3169

Re: Just bought condo; crazy to take out HELOC to buy a parking spot?

From what I've seen, the odds of being able to HELOC within 6 months of closing are low. You'd likely need to line up alternate financing.
by mac808
Thu May 31, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Pending Layoff / Can I retire?
Replies: 31
Views: 4831

Re: Pending Layoff / Can I retire?

You seem convinced a market correction is near. Maybe it is, maybe it isn't. If it is, remember that even though you are cash-rich you also have some downside exposure: how would you feel if the value of your $3.3m in equities & rental property fell by 50%? Your net worth could drop by $1.5m and the...
by mac808
Sun May 27, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 13687

Re: Helping Adult Children (but not too much)

-The top 10-20% of your kids will do better financially than I ever could, because they leveraged your help. I went the academia route, where some of them took on parental capital and living expense support to start companies, where they had 7- or 8-figure exits or more. Some got fancy MBAs or law ...
by mac808
Sun May 27, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 13687

Re: Helping Adult Children (but not too much)

It is good to have perspective and I appreciate yours. You may enjoy this article: https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/ We will leave the majority of our estate to charity. Wildebeest, I have a genuine question for you: what obligation...
by mac808
Sun May 27, 2018 4:25 am
Forum: Personal Finance (Not Investing)
Topic: Leave career (fortune 200) and join the peace corps?
Replies: 29
Views: 3699

Re: Leave career (fortune 200) and join the peace corps?

Managing a 25m P&L at $76k base? If true, you're one of the most underpaid managers I've ever seen. Doesn't seem like you have much to lose.
by mac808
Wed May 16, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 13847

Re: New(ish) attending physicians in the Bay Area: Housing

You can afford the mortgage on 1.5-2.5 M house, but once you buy, stop reading blogs about super early FI and ‘I paid off my mortage’and be okay with that despite your salary being higher than these folks. This jumped out at me as especially good advice. Part of the mental struggle here might be re...
by mac808
Tue May 15, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 13847

Re: New(ish) attending physicians in the Bay Area: Housing

You might get lucky like we did and experience a steady rise in the market. I'll acknowledge that anything is possible, but I just don't see how there's much appreciation potential left. The median house is already priced for two working professionals with extremely high incomes, no job loss, rock ...
by mac808
Tue May 15, 2018 9:27 am
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 11788

Re: Yes, I'm 89 all right!

Happy Birthday Mr. Bogle and thanks for all you have done, and continue to do.
by mac808
Sun May 06, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: HSA logistics for common law marriage.
Replies: 12
Views: 902

Re: HSA logistics for common law marriage.

In some states common law marriage takes affect without any legal paperwork being done. For example one only needs to say they are married and therefor common law marriage applies. For this exercise let's just assume domestic partners to eliminate any chance of confusion. There is no official paper...
by mac808
Sun May 06, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 6950

Re: Comparing 2 physician jobs

Beyond that is unlikely given complexities regarding the Stark law and fair market value for compensation to physicians who are paid more than they bring in. I'm familiar with Stark laws and know a lot of physicians who earn more than they bring in, notably a couple sub-specialty surgeons who are t...
by mac808
Sun May 06, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: HSA logistics for common law marriage.
Replies: 12
Views: 902

Re: HSA logistics for common law marriage.

Here is the scenario: Couple in common law marriage only. Filing taxes as single since US government does not recognize common law marriage. Back up for a moment. When and in what state was the common law marriage established? In almost all cases, the Feds will recognize a common law marriage if a ...
by mac808
Sat May 05, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 19841

Re: Ed. Jones rep didn't like our plan, now we're locked out

https://www.edwardjones.com/images/ETY-1714E-A-MA.pdf Wow. I didn't think that kind of fee schedule still existed anywhere. Holy cow. That is obscene. I'm almost afraid to ask this but does this mean that a single executed buy or sell order in an account worth >$100k costs a minimum of $705 in comm...
by mac808
Thu May 03, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor selling a practice
Replies: 23
Views: 3089

Re: Doctor selling a practice

I'm more familiar with medical practices than dental practices but there are some similarities. The norm is that good employees are retained but pay and benefits are reduced to help pay off debt used to acquire the practice. That said, I've seen all kinds of outcomes and much depends on the type of ...
by mac808
Thu May 03, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor selling a practice
Replies: 23
Views: 3089

Re: Doctor selling a practice

Unless she has something in writing, there are no guarantees when practices are sold. Besides that, what if the new owners are total jerks and it becomes a toxic work environment? Seems advisable for her to start preparing for a range of "what if" outcomes. Audited financials are part of most busine...
by mac808
Sun Apr 29, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Denial- How to Proceed?
Replies: 12
Views: 1956

Re: Medicare Denial- How to Proceed?

First, don't be too hard on the doctor - they aren't paid extra for the appeal and it can be extremely time consuming, not to mention frustrating. If they appealed every denial, they would go out of business. Second, for all those reading this thread - this is the future of medicaid/medicare for man...
by mac808
Thu Apr 19, 2018 11:48 am
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 5429

Re: Another discussion about private vs public schools?

I get this, but I always come up against the notion of how else do you make a fair comparison amongst disparate entities without having a standard to measure against? Sure, I can probably suss out whether English teacher A is better or worse than English teacher B in my town, but how does the state...
by mac808
Thu Apr 19, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 5429

Re: Another discussion about private vs public schools?

But note that in Honors and AP classes in public middle and high schools, you'll also get smaller class sizes and fewer disruptive students. You may have a point for elementary school. What's wrong with standardized testing? Standardized testing encourages a narrow scope of memorization and "teachi...
by mac808
Thu Apr 19, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 5429

Re: Another discussion about private vs public schools?

The three main advantages to private schools are smaller class sizes, fewer disruptive students, and no standardized testing requirements from the state. You should be able to compare class size directly between the two options.
by mac808
Thu Apr 19, 2018 3:09 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 12998

Re: Quitting job - what to do if getting walked to the door

I'm not talking about what is legal. I'm referring to the reality of what will happen in certain companies under a "getting walked to the door" situation. Security certainly could be called. An Employee could contest it later, but "in the moment", it's going to be " The Employee vs. The Security Of...
by mac808
Fri Apr 13, 2018 12:15 am
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 12370

Re: Mid-40s in tech - how to pass off as acceptably young

Shave hair. Cool geek looking like Jeff Bezos. Can you still write code? If you can, you can still have a job. If not, sorry. I'm surprised whenever I hear about coders wanting to move into management to combat age-ism. I always saw it the other way around. If you can code well, you will have more ...
by mac808
Tue Apr 10, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want to sell house to save their business
Replies: 14
Views: 1920

Re: Parents want to sell house to save their business

>fear of not being able to find a job at all at their age.

Maybe I'm missing something but wouldn't unemployment actually be cheaper for them than the current situation? Do they run no payroll at all?
by mac808
Tue Mar 20, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 5192

Re: Cost of College vs Starting Income

I was discussing the recent costs of a college education vs the income benefits with a young person recently. I graduated about 50 years ago (with modest grades) with a basic liberal arts degree. This was a (then) a high tuition private university. I cannot recall the room and board charges, etc. B...
by mac808
Thu Mar 15, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Large life style creep that was completely worth it
Replies: 112
Views: 15938

Re: Large life style creep that was completely worth it

Housing is the big one for me and many others, I would suspect. Dream houses can be deceptively expensive. I budget 1% of the purchase price every year (above and beyond property taxes and insurance) for upkeep and miscellaneous expenses. If you live in an area with 2% property taxes, all of a sudde...
by mac808
Thu Mar 15, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 35476

Re: Those with high savings rate: why?

I don't even think of it as saving most the time. I think of it as spending. I would just rather buy more stock than a nicer car. I enjoy owning dividend producing things of all kinds.
by mac808
Tue Mar 13, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Selling business (website) considerations
Replies: 27
Views: 2776

Re: Selling business (website) considerations

Try to find a lawyer who has experience negotiating small m&a deals from soup to nuts as it's a pretty specific type of experience. Non compete, reps and warranties, clawbacks, indemnities and similar issues are all just personal negotiations between you and the buyer. For small deals less than 8 fi...
by mac808
Fri Mar 09, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Young Lawyer in Big Law -- NYC or SF?
Replies: 13
Views: 1902

Re: Young Lawyer in Big Law -- NYC or SF?

Major personal preferences for weather and so forth aside, does he love and want to work in tech or primarily with tech clients? If so, SF. If not, NYC. Unless you're connected deeply to tech you will always be second fiddle in SF.
by mac808
Fri Mar 09, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 10243

Re: Can I take an 85+% pay cut for fun?

Why not start planning the change now and set a date for 3 years from now. You can continue to work in 3 years of the lowest personal tax environment we will probably see ever going forward and the excitement of a known date should help keep you motivated. You will build a better cushion and can ta...
by mac808
Mon Mar 05, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: Is this a housing bubble?
Replies: 71
Views: 9575

Re: Is this a housing bubble?

Amazon HQ2 is the best bet for creating a "Silicon Valley East" (assuming it's either in Boston or VA-MD) and lessening pressure to be in the Bay Area. Until then, SFBA rules the roost alone.
by mac808
Sat Mar 03, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Has the home we wanted just become 20% more expensive due to tax reforms?
Replies: 62
Views: 7438

Re: Has the home we wanted just become 20% more expensive due to tax reforms?

If you are depending on tax deductions of interest and taxes to determine if you can afford a house you are buying too much house. I disagree with this... it seems reasonable to take into account the total cost of ownership and factor tax deductions into that number, keeping in mind that tax laws c...
by mac808
Sat Mar 03, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Has the home we wanted just become 20% more expensive due to tax reforms?
Replies: 62
Views: 7438

Re: Has the home we wanted just become 20% more expensive due to tax reforms?

If you are depending on tax deductions of interest and taxes to determine if you can afford a house you are buying too much house. I disagree with this...it seems reasonable to take into account the total cost of ownership and factor tax deductions into that number, keeping in mind that tax laws ca...
by mac808
Wed Feb 28, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Possible career change - move to HCOL area and salary expectations?
Replies: 15
Views: 2092

Re: Possible career change - move to HCOL area and salary expectations?

Hi everyone. Need bogleheads wisdom regarding my personal career. Currently I live in Tampa, FL and make 96K a year plus ~8% bonus. I have been with my current employer for about two years and about to start submitting applications for new job due to lack of promotions/future advancement opportunit...
by mac808
Wed Feb 28, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 92
Views: 9851

Re: Can we afford to stay in HCOL area?

I think it boils down to expectations and the meaning of the term "comfortable" to people who are wealthy. A household making $365K/year is in the 98.7th percentile in the USA. Only 1.3% of American households make more than that. https://dqydj.com/household-income-percentile-calculator-2016/ By ob...
by mac808
Mon Feb 26, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax reform SALT affecting in Bay Area?
Replies: 67
Views: 10003

Re: Tax reform SALT affecting in Bay Area?

My guess in Dec 2017 was that mass market behaviors won't change until 2018 tax returns are filed at the earliest, so another 12+ months away. Conversations with friends in CA and NJ have reinforced this view. People complain but the real pain signals are still ambling up the nerves to the brain, so...
by mac808
Mon Feb 26, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Laid off 3 years before plan, should I retire anyway?
Replies: 59
Views: 6847

Re: Laid off 3 years before plan, should I retire anyway?

- Obamacare for healthcare. Leverage housing profit to minimize income and maximize subsidies. Make sure you budget for deductibles which can be significant even under some of the subsidized ACA plans. Are there any part time jobs or consulting gigs you could pick up that would bridge you for a few...
by mac808
Sun Feb 25, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand HCOL and valuations
Replies: 22
Views: 1630

Re: Help me understand HCOL and valuations

Home prices in HCOL can and do detach from local salaries. I've seen two methods of helping service workers (broadly defined to include teachers, police, firefighters, and other public service workers) remain in the area. The first method is what niche resort areas like Nantucket and Aspen have done...
by mac808
Fri Feb 23, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 60
Views: 6590

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

Adult adoption? Only half joking. Got any good friends in reasonable health, a generation or so younger than you? I'm surprised more young attorneys don't pursue this as an opportunity - charge $5k annually to help oversee the affairs of elderly upper middle folks who are all alone. Or maybe they do...
by mac808
Mon Jan 29, 2018 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Still working out of greed or fear?
Replies: 46
Views: 5729

Re: Still working out of greed or fear?

How about fear AND greed: fear that the market will suffer a 2008-like 50% correction and greed in wanting to have lots of income to keep investing if/when it does?
by mac808
Fri Jan 12, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 9310

Re: How much/little money to give kids in will so they continue to work

I'm always amused by threads on this topic. My high school graduating class had half a dozen kids from billionaire families and the rest weren't exactly poor if you catch my drift. Most had substantial trust funds or other resources that made them FI on some level. I saw a lot of different parenting...
by mac808
Fri Jan 05, 2018 2:25 am
Forum: Investing - Theory, News & General
Topic: Article claims: Housing was the world’s best investment over the last 150 years
Replies: 14
Views: 1790

Re: Article claims: Housing was the world’s best investment over the last 150 years

One further aspect to consider is that while it is very easy to invest in all listed stocks for a very modest annual cost, it is not possible to invest in all existing houses. Therefore it makes sens to talk of the return of stocks, not so much of the return of housing. In particular if you were in...