Search found 136 matches

by CFOKevin
Thu May 06, 2021 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed on teenager's job hunt
Replies: 30
Views: 2085

Re: Advice needed on teenager's job hunt

I'd suggest some networking with other families in your area with children on the spectrum (or with other special needs). Parents with a child like yours who is 5-10 years older are often the best guides to have to a system which can be challenging. In most States, the vocational agencies provide se...
by CFOKevin
Sun Apr 25, 2021 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategies for drawing from a traditional IRA
Replies: 10
Views: 1515

Re: Tax Strategies for drawing from a traditional IRA

Congrats on FIRE and here's something completely different. Before you leave your job, do a cash-out refi on the house to 80% of FMV at an interest rate of 3% (or less). That will put roughly $700K in your hands. Then, spend the 6 years until 59.5 living off that cash while doing ROTH conversions to...
by CFOKevin
Tue Feb 25, 2020 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Post Divorce Business Sale Sharing, Reality Check
Replies: 33
Views: 4136

Re: Post Divorce Business Sale Sharing, Reality Check

And focus on getting to your diligence completed along with your Purchase Agreement. A jittery stock market can cause havoc with deals under Letters of Intent. Don't discuss what you may do for your ES with anyone except your attorney and tax advisor until the deal closes. That should give you time ...
by CFOKevin
Mon Feb 17, 2020 10:24 pm
Forum: Personal Investments
Topic: Single stocks... would you?
Replies: 125
Views: 9617

Re: Single stocks... would you?

Older Boglehead here who still holds 5% of his portfolio in a couple of big winners. Costco (COST) bought in May, 1996 is up 31x while the market has grown 5x and Silicon Valley Bank (SVB) bought in October, 1998 is up 28x while the market has grown 3x. My advice for individual stocks would be to in...
by CFOKevin
Tue Feb 04, 2020 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for adult with Down Syndrome?
Replies: 16
Views: 1342

Re: Social Security benefits for adult with Down Syndrome?

illumination, Great that you are getting involved in this. It sounds like the family's intentions are good but they have failed to structure things in the way that is best for everyone. You should find out whether they have the basics covered (will, trust, guardianship, successor guardian(s)) and ge...
by CFOKevin
Tue Feb 04, 2020 11:18 pm
Forum: Personal Consumer Issues
Topic: Parents' would like fabulous 80th birthday family trip
Replies: 33
Views: 3703

Re: Parents' would like fabulous 80th birthday family trip

We've done a lot of family trips and my vote would be for Costa Rica. Time zone is great and you'd have your choice of large resort, shared home or smaller resort. The biodiversity there is amazing and there is everything from beaches to jungles, surfing to ziplining, etc. to explore. Easy to rent v...
by CFOKevin
Thu Jan 02, 2020 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2526
Views: 583624

Re: Share your net worth progression

Updating for Retirement I've always been a record keeper on this stuff and it is great to have a place to share. The rest of the story is (most often) two earners, four kids including one with special needs, an inclination toward saving, investing in equities and staying the course. 1990 $57K age 29...
by CFOKevin
Thu Jan 02, 2020 10:41 pm
Forum: Personal Investments
Topic: Sister wants advice since I disagreed with her financial advisers.
Replies: 141
Views: 14137

Re: Sister wants advice since I disagreed with her financial advisers.

It sounds like she's willing to work on this. If she's interested in meeting a great group, the Madison Bogleheads have a January meeting on the 11th and another one on March 14th. She might find it assuring that so many people actually do this themselves. The local Schwab office has served me well ...
by CFOKevin
Fri Dec 27, 2019 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up my 16 year old son for financial success
Replies: 62
Views: 4749

Re: Setting up my 16 year old son for financial success

We've raised four kids and the three without special needs are all very good with money/investing but don't pay near as much attention to it as I do :). Each had jobs starting in their teenage years. Given your son's situation, I'd suggest you review 529 plans with him. He can learn about tax advant...
by CFOKevin
Mon Aug 05, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: How does Section 8 Housing work?
Replies: 13
Views: 1666

Re: How does Section 8 Housing work?

My understanding is that Landlords who elect to accept Section 8 vouchers agree to collect fair market rent in two parts. The low income tenant pays a % of their income (maybe 30%) and the gov't pays the difference between fair market rent and the amount the tenant pays. Some of the challenges with ...
by CFOKevin
Thu Jul 04, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 12189

Re: The Day Has Come - Hit Retirement Number - Now What?

Sharing my experience so far in hopes you might get something out of it. After hitting our number, I retired earlier this year in my late fifties after a 35 year career and my wife's last day working is tomorrow. My two highest priorities were my health (weight loss especially) and making my wife's ...
by CFOKevin
Tue May 14, 2019 1:47 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 433
Views: 78586

Re: Roll Call for the Retirement Class of 2019!

Bogleheads, I'm late to this party and am happy to report that I retired on February 1st, just after my 58th birthday. My wife is wrapping things up at her job and will join in the fun in July. So far, I've taken up pickleball and have fallen hard for it. A couple of hours a day on weekdays has help...
by CFOKevin
Mon Apr 15, 2019 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed thinking through issues re: child’s disability
Replies: 22
Views: 2163

Re: Help needed thinking through issues re: child’s disability

EA, Sorry I wasn't clearer. For us, the total cost of wills/trusts was about $2,500 to set up and the Supplemental Needs Trust added about $750 if I recall correctly. Annual costs of the trust can be zero if you are good preparing taxes yourself (trust returns plus a K-1) but, more likely, will be $...
by CFOKevin
Mon Apr 15, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed thinking through issues re: child’s disability
Replies: 22
Views: 2163

Re: Help needed thinking through issues re: child’s disability

You have found one of the very best places on the web for advise on this issue, congrats. We have a 26 year-old with disabilities who has recently moved into her own apartment with a roommate/caregiver and I'll try to add (and not repeat) the great advice you've gotten so far. Parents dealing with s...
by CFOKevin
Fri Mar 08, 2019 8:30 pm
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 140
Views: 15678

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

Agree that renting is probably your best bet. Main roads are always plowed overnight and the buses always run, even when they are the only vehicles on the roads. Six inches overnight is a heavy snow and that occurs 2-3 times each winter.

Kevin
by CFOKevin
Thu Mar 07, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 140
Views: 15678

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

Buying might be tough to pull off from Philly. Are you looking for condo/townhouse or single family home? The Midvale neighborhood just east of Hilldale has some nice smaller homes that might work for you. Or, you could go east side of the capital if your vibe is more earthy/vegan/etc. Good Luck, Ke...
by CFOKevin
Thu Feb 28, 2019 1:49 pm
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 140
Views: 15678

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

IA, Congrats on making a choice and the Madison Bogleheads will be looking forward to meeting you. I'll make another pitch for affordable housing which is big now in town but would only work if your family income is below $50K or so. If it is, you can get a very new 2BR apartment for under $1000 per...
by CFOKevin
Fri Feb 22, 2019 10:55 pm
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 140
Views: 15678

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

I've lived in Madison for the last 15 years and would say that greenflamingo nailed the best locations for you within 3-4 miles of campus. Depending on your income, you might qualify for one of the new midrise buildings that have some affordable units. That knocks $200-$400 per month off market rent...
by CFOKevin
Fri Feb 22, 2019 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiate with HR - possible ER opportunity
Replies: 3
Views: 685

Re: Negotiate with HR - possible ER opportunity

At the first meeting, just plan to listen to what they are offering and ask to get it in writing for you to review.

It sounds like this may have a lot of benefit to you and that negotiating them upward from their initial offer is possible.

Good Luck,

Kevin
by CFOKevin
Wed Feb 20, 2019 3:18 pm
Forum: Personal Consumer Issues
Topic: Ship Sticks [Golf club shipping service]
Replies: 9
Views: 829

Re: Ship Sticks

I've heard good reports from family members who have used them. They've all become repeat customers.
by CFOKevin
Thu Dec 06, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: What to negotiate in offers
Replies: 45
Views: 3752

Re: What to negotiate in offers

Leave out the PTO (seems minor) and put a monetary value on the pension loss (use 5% of your current salary), add in the health insurance premium difference (but double check as that seems VERY high for a difference for established companies). Let them know that between those two factors, they are $...
by CFOKevin
Tue Dec 04, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: What to negotiate in offers
Replies: 45
Views: 3752

Re: What to negotiate in offers

HardHitter, Congrats on the job offer and I trust they know little about how their total comp compares to your current comp. I've hired hundreds of people and been hired 7-8 times myself and have always enjoyed a bit of good natured negotiation. Usually, there is at least some room to improve an off...
by CFOKevin
Fri Nov 16, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Employment for a disabled son
Replies: 29
Views: 2643

Re: Employment for a disabled son

mrsbetsy, Your situation is similar to ours. We are both 57 and have four kids. Our daughter who is 26 has developmental disabilities and a similar IQ to your son. We moved from CA when she was little to find a location with better adult services. However, as you know, services vary quite a bit by c...
by CFOKevin
Tue Nov 13, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to value retiree healthcare benefit
Replies: 20
Views: 1353

Re: How to value retiree healthcare benefit

BB, It seems we have a lot in common. My wife and I are planning to retire next year at age 58 and she is with a major University (10 years in May) through which we'll buy insurance until Medicare. One of her perks is that she gets to convert all unused sick leave into $$ at termination that can be ...
by CFOKevin
Tue Nov 13, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to value retiree healthcare benefit
Replies: 20
Views: 1353

Re: How to value retiree healthcare benefit

My SWAG would be something like $500 per month in today's dollars for those 7 years (difference of the insurance you'll have access to under the retiree health plan vs. on your own). Or, $42,000 over nine years of employment. About $4,500 per year in value compared to salary. Way too many variables ...
by CFOKevin
Mon Oct 29, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Company options and non-compete agreements
Replies: 16
Views: 1109

Re: Company options and non-compete agreements

If you decide you would rather leave the Company, you could profit from threatening to make things difficult. Acquirers GREATLY prefer getting all shareholder consents prior to a deal being consummated. Not required, but certainly cleaner. And, something they'll pay for. So, if you are on your way o...
by CFOKevin
Mon Oct 29, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Company options and non-compete agreements
Replies: 16
Views: 1109

Re: Company options and non-compete agreements

Congrats! First, seek to understand. What is happening to your current options? Typically, they can fully vest and be paid out or be rolled over into equivalent options in the Newco. Are you also eligible for a new grant of options in Newco? In order to get something from you (a non-compete for exam...
by CFOKevin
Thu Oct 11, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 42
Views: 5750

Re: Pls help us design our family life!!!

Too many unknowns to make much of a plan for 4-5 years out, IMO. But, based on your current situation, it seems you'll need $240K less $30K (nanny) or $210K in income to be as well off going PT as you are now. I'd use that as you measuring stick and focus on ways to boost income/cut expenses to get ...
by CFOKevin
Tue Sep 11, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Low pay and low stress jobs with health benefit
Replies: 41
Views: 6469

Re: Low pay and low stress jobs with health benefit

Given your IT background, try to make some contacts with any nearby colleges or community colleges to find out their needs. The variety of IT jobs on a campus is wide (wiring office support to big data to hw and sw) and they often struggle to attract qualified applicants since their pay rates are of...
by CFOKevin
Mon Sep 10, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 7536

Re: I think my father has a gambling problem

OP, Does your father come to visit you? If so, and you have a casino near your home, invite him to go with you the next time he visits. Sorry I couldn't go with you last time you asked, etc. You'll learn a lot from him if you talk to him on the way in a non-judgmental way. Fell free to tell your Veg...
by CFOKevin
Wed Aug 15, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 25101

Re: "Don't Obsess About Expense Ratios"

bogleheads.org
by CFOKevin
Mon Aug 13, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Should I Do This? [borrow from relative to pay off loan]
Replies: 55
Views: 3589

Re: Should I Do This? [borrow from relative to pay off loan]

redbeard, Assuming you are going ahead with the intrafamily loan, my suggestion would be to put it in writing and prioritize the payment even more than you did with Capital One. Make every effort to pay it off early to show appreciation for what your family member is doing for you. Pay it forward so...
by CFOKevin
Mon Aug 13, 2018 10:52 am
Forum: Personal Investments
Topic: Small business owner, mid 30s, doing great, clueless with investments
Replies: 22
Views: 2610

Re: Small business owner, mid 30s, doing great, clueless with investments

NowWhat, Congrats on your success so far and on finding this forum. I'd second a conservative-ish approach to your asset allocation (maybe 60/40?). And, just take the plunge. You are going to need the appreciation you'll get from equities to meet your financial goals. Then, do your very best to igno...
by CFOKevin
Mon Aug 13, 2018 9:47 am
Forum: Personal Investments
Topic: Making money last through retirement
Replies: 26
Views: 4984

Re: Making money last through retirement

Dave, Welcome to the forum. You've found the best place on the internet to ask your questions. First, congrats on seeing through the sales pitch from Transamerica. Stay away from that "advisor". 1. Pick an asset allocation you are comfortable with. Given your circumstances, most would pick...
by CFOKevin
Fri Aug 10, 2018 9:09 pm
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 140
Views: 15678

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

Rents in Madison have been on the rise driven by lots of new apartments to house the Epic (and now Exact Sciences) employees. However, going 5 miles outside the beltline in most directions will save you hundreds of dollars a month. My advice would be to save a minimum of 15% at your age. So, that's ...
by CFOKevin
Thu Aug 09, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: The Most Googled Money Terms in America
Replies: 18
Views: 3572

Re: The Most Googled Money Terms in America

If you read the survey background, it seems to be which financial term is searched most frequently in each State (compared to all others). For instance, in Wisconsin, we apparently search "credit union" more frequently than any other State's residents. This makes sense to me as we are home...
by CFOKevin
Mon Jun 25, 2018 4:26 pm
Forum: Personal Investments
Topic: How much of your taxable holdings is unrealized capital gains?
Replies: 58
Views: 6246

Re: How much of your taxable holdings is unrealized capital gains?

96% thanks to 22 years of holding COST and 19.5 years holding SIVB.

Kevin
by CFOKevin
Fri Jun 22, 2018 1:23 pm
Forum: Personal Investments
Topic: $1,700,000 from family trust...
Replies: 83
Views: 12508

Re: $1,700,000 "Portfolio Review" update from family trust

ts, Thanks for the follow-up and I understand keeping a wife happy with a plan! You could assure her that even with $100K at a bank you will get you more attention than you need :) With that healthy a SS amount, you are potentially a great candidate for retiring before 62, if you choose. This money ...
by CFOKevin
Fri Jun 22, 2018 10:15 am
Forum: Personal Investments
Topic: $1,700,000 from family trust...
Replies: 83
Views: 12508

Re: $1,700,000 "Portfolio Review" update from family trust

troubleshooter, You definitely came to the right place and your portfolio plan doesn't look unreasonable to me. However, I'd question why so much cash and would be inclined to simplify further. If you were my brother, I'd suggest the Target 2025 fund for nearly 100% of what was left over after payin...
by CFOKevin
Tue Jun 19, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting for various forms of equity
Replies: 10
Views: 643

Re: Accounting for various forms of equity

For any privately held companies, I'd suggest valuing common shares (and options to buy common shares) at $0 unless there is a market for those shares. In those limited cases, I'd be comfortable writing them up to the current trading price. One thing often overlooked is the the preferred shares that...
by CFOKevin
Wed Jun 13, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Normal equity offer in startup for early employee
Replies: 12
Views: 1657

Re: Normal equity offer in startup for early employee

It depends on your role and title. If you are expected to be a member of the management team (say running your functional area as the Company grows to 100 employees), then 1-2% is about right. If you are a developer or marketer doing start-up tasks but not expected to fill a VP role, then .1-.2% is ...
by CFOKevin
Wed Jun 06, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: Severance Package Question
Replies: 60
Views: 8793

Re: Severance Package Question

Thanks for the additional info. It sounds like the equity is under water right now so asking for value there seems to be a non-starter. If 2018 is far enough below plan that it is already looking like a zero bonus year, then don't ask for a pro-rated amount. However, if you are tracking toward half ...
by CFOKevin
Tue Jun 05, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Severance Package Question
Replies: 60
Views: 8793

Re: Severance Package Question

I'm a CFO at a PE backed company much smaller than yours. I'd say their flexibility will be inversely related to the number of individuals being laid off. If it is just you, lots of flexibility and if it is dozens or more, almost none. My advice would be to be positive regarding the weeks of severan...
by CFOKevin
Fri May 11, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Payment in Lieu of Health Benefits
Replies: 10
Views: 1242

Re: Payment in Lieu of Health Benefits

Insurance companies often set a maximum allowable reimbursement and it is usually $100 per month. I believe this is done to limit the opting out.

At the executive level, you can often get a higher amount on your way in, up to 100% of your out of pocket on your other plan, in my experience.
by CFOKevin
Thu May 10, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Reccommended Minivans
Replies: 31
Views: 3297

Re: Reccommended Minivans

If you are open to used, look at the 2017 Dodge Caravans at Enterprise. They are the high-end trim package (heated leather seats, etc.) and we just paid $21,500 for one with 24,000 miles on it. Not sure we'll get 15 years out of it. But expect 10+.
by CFOKevin
Wed May 02, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Relocation with 'lump sum' bonus
Replies: 11
Views: 1246

Re: Relocation with 'lump sum' bonus

Using the "pack yourself" method with a pod, my daughter and her husband saved roughly 60% on a 2BR house move versus moving company quotes. I believe they went with Old Dominion and had a very good experience.
by CFOKevin
Mon Apr 09, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 13810

Re: Cash flow problems - best way to handle?

It looks to me like your housing cost is going to keep you from getting ahead and kids are expensive. Can you look at monetizing your home? Taking in a room mate at $750 per month who could also do some babysitting for the kids would be ideal. Any other work from home type things you could do in the...
by CFOKevin
Mon Apr 09, 2018 9:32 am
Forum: Personal Investments
Topic: Asset Allocation w/ Special Needs Child
Replies: 18
Views: 1559

Re: Asset Allocation w/ Special Needs Child

I think you are in a fine place asset-wise given your age and I'd suggest an AA that you are comfortable with and not to make modifications due to the diagnosis. One of our four kids has a cerebral palsy diagnosis from age 2+, is 25 years old now and has the cognitive function of a typically develop...
by CFOKevin
Sat Apr 07, 2018 9:08 am
Forum: Personal Investments
Topic: Financial Advice for Disabled No Income Person
Replies: 8
Views: 1053

Re: Financial Advice for Disabled No Income Person

First suggestion would be to work with a local agency to maximize available programs. From my experience with adults with developmental disabilities, I'd suggest at least exploring all vocational supports as time spent at a job (or jobs) greatly improves quality of life. For housing, section 42 affo...
by CFOKevin
Mon Apr 02, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 7141

Re: Should I loan my child money for college?

Our oldest completed her first two years at CC, got her BS from the State flagship, her Masters from the top program in State and starts her Doctorate at Hopkins next month at age 28. She works in healthcare. I believe the time she spent and the effort she put in at the CC were key to her academic a...