Search found 289 matches

by deanmoriarty
Sun Nov 10, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 386
Views: 40731

Re: Best CD rates thread

How would I know if the promo rate is honored for me? My money is in flight and should be there on Monday or Tuesday. However, if I try now to open a CD account (even if I have less than $500 in there), nowhere on the page it specifies what my rate will be, it just asks me for the duration. I haven’...
by deanmoriarty
Sat Nov 09, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 386
Views: 40731

Re: Best CD rates thread

Yep, supposedly I got lucky but I'm not 100% sure yet. Today I got an email that my membership at PSECU was granted. I called to find out how to transfer money to my membership account and add a CD. While chatting about my options (either add a checking account first or fill out and mail/fax a pape...
by deanmoriarty
Fri Nov 08, 2019 7:35 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 386
Views: 40731

Re: Best CD rates thread

I mailed in an ira application a week and a half ago to psecu to transfer funds from vanguard. From vanguard's website, they mailed psecu a check November 5. As of now psecu hasn't received it. According to depositaccounts, the 2 and 3 year rates are only good until tomorrow, not the end of novembe...
by deanmoriarty
Thu Nov 07, 2019 11:12 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 386
Views: 40731

Re: Best CD rates thread

Does anyone know how easy it is to transfer money out from the PSECU savings account to another institution? I have my account open and on the website there is no obvious way to add an external account to initiate an ACH transfer out. Will they easily allow me to do a pull initiated from Marcus, or ...
by deanmoriarty
Wed Nov 06, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 122
Views: 9259

Re: Turbotax 2019 on Amazon

It seems tax year 2019 will be the last for TurboTax desktop. You can still use the online version but the last time I did it was $35 more then the same year's download😡 Where does it say this? "TurboTax for tax year 2019 will install on Windows 7, but when TurboTax for tax year 2020 is released, a...
by deanmoriarty
Wed Nov 06, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 122
Views: 9259

Re: Turbotax 2019 on Amazon

rh00p wrote:
Wed Nov 06, 2019 5:44 pm
It seems tax year 2019 will be the last for TurboTax desktop. You can still use the online version but the last time I did it was $35 more then the same year's download😡
Where did you read that they are discontinuing the desktop edition?
by deanmoriarty
Wed Nov 06, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 122
Views: 9259

Re: Turbotax 2019 on Amazon

We're doing our own taxes this year after our CPA dumped us. We have three self-employment Schedule C businesses, are spending out of a 529 for daughter, and have minimal dividends/cap gains to report. Is Deluxe good enough for us, or should we step up to the $119 version? Deluxe does all that. CC ...
by deanmoriarty
Wed Nov 06, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 122
Views: 9259

Re: Turbotax 2019 on Amazon

Hello dean thank you for post. just wondering did it work ok .. was download easy ect... thank you James Yes, very easy, I already ran my tax simulation this morning. Of course many parts are still missing (such as the entire state of CA for a couple more weeks!), but all I needed to know was some ...
by deanmoriarty
Wed Nov 06, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 122
Views: 9259

Turbotax 2019 on Amazon

FYI, it's available :sharebeer. I just bought this now since I need to do some rough estimates on my tax situation before the end of the year, and I won't be able to wait until Costco carries it. I got the Premier with State for $69.99: https://www.amazon.com/gp/product/B07YH2T13J/ref=ox_sc_act_titl...
by deanmoriarty
Mon Nov 04, 2019 10:22 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 386
Views: 40731

Re: Best CD rates thread

Question: I got taken away by the exuberance of the thread and opened an account, which has just been approved. I was planning to park $50k in a 36 months CD there, but then realized that with my current tax situation of 35% federal (could go to 37% by the end of the year) and 10.3% state, that migh...
by deanmoriarty
Mon Nov 04, 2019 9:54 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 135
Views: 18249

Re: Do you invest in Real Estate ? Why ?

Yes. I see alot of comments about not wanting to manage. Just because you invest in real estate doesn't mean you manage it. I invest in syndicated deals. Big apartment complexes where I may own 1% or less. I don't manage anything. Accelerated depreciation gives tax free cash flow for a bit which is...
by deanmoriarty
Tue Oct 29, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Uber VISA rewards cut
Replies: 72
Views: 5657

Re: Uber VISA rewards cut

I apologize if this is a dumb question... but I'm assuming you would need a spouse as an additional card holder (under a totally different credit card account but same BoA/Vanguard account) in order to have multiple BoA Cash Rewards cards to raise the $2,500 quarterly cap on 5.25% CB. And even then...
by deanmoriarty
Tue Oct 29, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Uber VISA rewards cut
Replies: 72
Views: 5657

Re: Uber VISA rewards cut

I used to own the Uber card but then ditched it for Bank of America. Get a few BOA Cash rewards card and get to their platinum level by parking 100k in Merrill Edge (free transactions and all Vanguard ETFs available, I use it as a second brokerage for diversification). I currently enjoy, with four ...
by deanmoriarty
Mon Oct 28, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Uber VISA rewards cut
Replies: 72
Views: 5657

Re: Uber VISA rewards cut

I used to own the Uber card but then ditched it for Bank of America. Get a few BOA Cash rewards card and get to their platinum level by parking 100k in Merrill Edge (free transactions and all Vanguard ETFs available, I use it as a second brokerage for diversification). I currently enjoy, with four ...
by deanmoriarty
Mon Oct 28, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Uber VISA rewards cut
Replies: 72
Views: 5657

Re: Uber VISA rewards cut

(Bolding mine) I have this card on the way and this caught my eye. I double-checked the BoA website, and there is indeed a 3% foreign transaction fee for this card. I should have specified better: the card I am referring to for "everything else" is the Bank of America® Travel Rewards. It has no for...
by deanmoriarty
Mon Oct 28, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Uber VISA rewards cut
Replies: 72
Views: 5657

Re: Uber VISA rewards cut

I used to own the Uber card but then ditched it for Bank of America. Get a few BOA Cash rewards card and get to their platinum level by parking 100k in Merrill Edge (free transactions and all Vanguard ETFs available, I use it as a second brokerage for diversification). I currently enjoy, with four o...
by deanmoriarty
Sun Oct 06, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

Well, just so you know, when I was at Google interviewing people, if someone had a really intriguing project on their resume, I'd have pinged the recruiter about whether I could devote some time drilling down on that, or maybe I'd have just ignored the suggested directions and asked whatever I want...
by deanmoriarty
Sun Oct 06, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

Just to be clear, here ... are you saying you wouldn't immediately know The Answer, or are you saying that you wouldn't really get the question. Just sampling six or eight of them, yeah, those look like exactly the kind of thing I'd expect to see in a Coursera course on data structure and algorithm...
by deanmoriarty
Sun Oct 06, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

Eh, I'm with the respondents who question whether it's worth spending a lot of time preparing. I never specifically prepared for any interviews, but my actual interests have always been well-aligned with the positions I was interviewing for. So ask me a question about distributing data across a clu...
by deanmoriarty
Fri Oct 04, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

Thanks again to everyone who replied. I shared the situation with my boss (with whom I have a decent informal relationship), quite literally starting with "I can't take it anymore", and he said to please wait about a month or two before having this conversation. He informally said that the company m...
by deanmoriarty
Fri Oct 04, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

are you talking about pure software engineering roles (as opposed to generic tech IT support roles)? If so, what kind of super human you have to be in order to be able to deal with a whiteboard coding interview asking complex algorithms without even preparing? Yes. It doesn't take anything super hu...
by deanmoriarty
Fri Oct 04, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

People who are not in this field typically have no idea what these interviews are like, and the amount of preparation needed. I have to say that seeing a "mental health professional" for it is a suggestion that I haven't seen before, though! :oops: I was in this field for my entire career and know ...
by deanmoriarty
Wed Oct 02, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

It doesn't take much to go on interviews. Someone lacking "the mental strength" to do so needs help. Respectfully, "it doesn't take much to go on interviews" is utterly false for tech companies. Technical interviews for lucrative positions are incredibly challenging in Silicon Valley, and often req...
by deanmoriarty
Wed Oct 02, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

imagine someone 50 years ago at age 33 stating that they had a large sum of money (for that point in time) and wondered how much they would need to live the next 50-60 years without working, and what withdrawal rate. it would have been as hard to answer then, as it is hard to answer now. For what i...
by deanmoriarty
Wed Oct 02, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

that you are in your 30s, well..... that money has to last potentially 50-60 years of economic downturns, political turmoil, medical issues, 'black swan' events, etc. look back at the world 50-60 years ago to get an idea of what i mean. Thanks for your suggestion. Are you then in the camp of those ...
by deanmoriarty
Wed Oct 02, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

Addendum: when the jobs came back the firms were looking to the next crop of law school stars, not those with the 1-year gap in the CV Thanks for your opinion. As I mentioned in another reply, what would be, then, in your opinion, the financial situation that would allow one to comfortably take 1-y...
by deanmoriarty
Tue Oct 01, 2019 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

Just wanted to thank everybody who took time out of their busy schedule to give their perspective. I won’t be able to reply to all of you but rest assured I read each individual post, and internalized it. I keep being grateful for this community. I am set to start the conversation with my boss about...
by deanmoriarty
Tue Oct 01, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

You have lost your motivation. It seems the primary motivation for earning a good living was financial security. Reaching $2M net worth robbed you of that? No spouse or kids to provide for eliminates the other typical substitute motivators. Nobody can give you motivation, it is intrinsic. It enable...
by deanmoriarty
Tue Oct 01, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Re: Willingly going from lucrative job to unemployed?

Why not ask you employer about an unpaid leave of absence of 3 to 6 months? If you quit without the prospect of returning it may make it more difficult (and slower) to get back into the same technology and salary loop. If you take a leave of absence and return to the same company it doesn't show up...
by deanmoriarty
Tue Oct 01, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14036

Willingly going from lucrative job to unemployed?

Hi Thanks in advance for considering this long post, hopefully it’ll be a good read! I’m 33, living in San Francisco and working in tech. I grew up in a Mediterranean European country and immigrated to the US by myself at 23 with exactly $0 to my name and a MS in computer engineering. After 10 years...
by deanmoriarty
Fri Aug 02, 2019 4:17 pm
Forum: Personal Investments
Topic: Muni SEC Yield vs Distribution Yield
Replies: 3
Views: 924

Muni SEC Yield vs Distribution Yield

Hi, VBTLX (Vanguard Total Bond Market) has a SEC yield of 2.50%, and all the distributions YTD have been at an annualized ~2.8% (https://investor.vanguard.com/mutual-funds/profile/distributions/vbtlx). VCAIX (Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares) has a SEC yield of 1...
by deanmoriarty
Wed Jul 17, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Plan for ISO exercise (ouch, the AMT)
Replies: 8
Views: 1097

Re: Plan for ISO exercise (ouch, the AMT)

Can anyone confirm mechanics of AMT credit carry forward? My understanding: +7-year shelf life (use it or lose it) Curious: where did you hear about the 7 year limit and what’s the rationale for it? I have a >100k AMT credit that is likely going to take more than 7 years to fully recoup, so I certa...
by deanmoriarty
Sat Jul 13, 2019 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting money to family abroad
Replies: 5
Views: 881

Re: Gifting money to family abroad

That is very generous of you. This might be deemed to count against your lifetime estate exemption, although I doubt it. You should expect to explain yourself to the IRS a couple of years later. But... They won't go to the trouble of setting up two more accounts to receive $25,000 that they "need?"...
by deanmoriarty
Fri Jul 12, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting money to family abroad
Replies: 5
Views: 881

Gifting money to family abroad

Good morning bogleheads, I live in the US as a permanent resident, and my direct family (both parents and brother) live in a country in mediterranean Europe, and they don't have any ties with the US. They recently asked for my financial help and need about $40,000. They offered to set up documents i...
by deanmoriarty
Tue Jul 09, 2019 11:46 pm
Forum: Investing - Theory, News & General
Topic: Do renters need more real estate exposure?
Replies: 23
Views: 2053

Re: Do renters need more real estate exposure?

I have been having this dilemma myself for years, and haven’t found a solution yet. Like you, I am a youngish (32yo) renter in a VHCOL (SF Bay Area). I have a low 7 figure net worth all invested in a 3 fund portfolio with a 10% overweight in REITs. I followed the Boglehead model since my early 20s a...
by deanmoriarty
Thu Jun 20, 2019 8:38 pm
Forum: Investing - Theory, News & General
Topic: VTSAX - Low Q2 dividend
Replies: 15
Views: 3942

Re: VTSAX - Low Q2 dividend

How does Vanguard distinguish between qualified and unqualified dividends. Is it the length of time the fund has held the dividend-paying asset? Or how long I have held different shares of the mutual fund? Or something else? It's how long the fund has held the asset. Everybody gets the same QDI, se...
by deanmoriarty
Mon Jun 17, 2019 9:58 am
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4650

Re: Selling Business for 2.5 Million - Where to go NEXT?

"Legitimately asking. Right know, if the 1.7M estimate is accurate, their withdrawal rate would be around 3.5%, not counting for healthcare." IMHO - 4% is just fine for planning a 25 year retirement with known costs and SS in place as part of the 4% just in case. Now fast forward to the potential s...
by deanmoriarty
Sun Jun 16, 2019 10:38 pm
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4650

Re: Selling Business for 2.5 Million - Where to go NEXT?

Why are people saying get a job? They can live off of interest and dividends if needed. A part time job isn’t going to give full time benefits and I doubt they want to work at Home Depot 40 hours a week just for benefits at their net worth.. I’d: -put 300k in a high yield account -get a couple of r...
by deanmoriarty
Sun Jun 02, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Cashback cards - what's left for me?
Replies: 29
Views: 2812

Re: Cashback cards - what's left for me?

What are the five cards? I guess the 2.625% everything else is a Premium Rewards Visa at Platinum ($100k assets at BOA/Merrill) level 75% bonus. And a Cash Rewards Card pays 5.25% (3 plus 75% bonus) on one spending category of your choice up to $2,500 per quarter spending. For the rest, do they let...
by deanmoriarty
Sun Jun 02, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Cashback cards - what's left for me?
Replies: 29
Views: 2812

Re: Cashback cards - what's left for me?

What are the five cards? I guess the 2.625% everything else is a Premium Rewards Visa at Platinum ($100k assets at BOA/Merrill) level 75% bonus. And a Cash Rewards Card pays 5.25% (3 plus 75% bonus) on one spending category of your choice up to $2,500 per quarter spending. For the rest, do they let...
by deanmoriarty
Sun Jun 02, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Cashback cards - what's left for me?
Replies: 29
Views: 2812

Re: Cashback cards - what's left for me?

Why not getting multiple BOA cards? Especially after they revamped the rewards system earlier this year, I have been quite happy, I have a total of 5 non-fee BOA cards and I get... Anything special you have to do to get 5 instances of the same card? I didn't even know this was possible... Can they ...
by deanmoriarty
Sun Jun 02, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Cashback cards - what's left for me?
Replies: 29
Views: 2812

Re: Cashback cards - what's left for me?

I didn't mean to sound like I was questioning your excellent advice. I was mainly asking for myself to get confirmation of what I found after a bit of research. Totally fair. I've been doing that for so many years that I basically took it for granted :D (BOA customer for 10 years and was an early a...
by deanmoriarty
Sun Jun 02, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Cashback cards - what's left for me?
Replies: 29
Views: 2812

Re: Cashback cards - what's left for me?

Why not getting multiple BOA cards? Especially after they revamped the rewards system earlier this year, I have been quite happy, I have a total of 5 non-fee BOA cards and I get: - 5.25% on dining/bars - 5.25% on gas - 5.25% on travel expenses - 5.25% on online purchases - 3.5% on groceries (includ...
by deanmoriarty
Sun Jun 02, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Cashback cards - what's left for me?
Replies: 29
Views: 2812

Re: Cashback cards - what's left for me?

Why not getting multiple BOA cards? Especially after they revamped the rewards system earlier this year, I have been quite happy, I have a total of 5 non-fee BOA cards and I get: - 5.25% on dining/bars - 5.25% on gas - 5.25% on travel expenses - 5.25% on online purchases - 3.5% on groceries (includi...
by deanmoriarty
Fri Apr 26, 2019 3:29 pm
Forum: Personal Investments
Topic: 2,000,000. Now what?
Replies: 45
Views: 9768

Re: 2,000,000. Now what?

The OP claimed to have a net worth of $300,000 in 2016.... then in November 2018 he claimed to have $765,000 in VOO. Today $1.8 million in VOO. either he received a large one time payment or did very well with VOO. He literally just said a couple posts above that he sold a side business for $1M + a...
by deanmoriarty
Fri Apr 26, 2019 1:59 pm
Forum: Personal Investments
Topic: 2,000,000. Now what?
Replies: 45
Views: 9768

Re: 2,000,000. Now what?

Goal33 wrote:
Fri Apr 26, 2019 1:53 pm
I am confused how royalties went from 9k to 107k over the course of a line or two... need more info
That's monthly. 9 * 12 ~= 107.
by deanmoriarty
Wed Apr 24, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax risks of exercising ISO options after 409a expires?
Replies: 4
Views: 699

Re: Tax risks of exercising ISO options after 409a expires?

nerdymarketer wrote:
Fri May 04, 2018 1:46 am
Sorry, I should have been more clear. I have no hesitation about exercising these options.

Simply trying to understand what risks do I incur by exercising shortly after the previous 409a expired but before the next 409a is in place.
What did you end up doing? Thanks
by deanmoriarty
Wed Apr 24, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for ISO exercise (ouch, the AMT)
Replies: 8
Views: 1097

Re: Plan for ISO exercise (ouch, the AMT)

A few thoughts on this: - I don't know what exactly you are thinking when you mention "private market", but some employers allow employees to exercise their options by paying with a portion of their vested shares rather (redeemed at their FMV) than a check (will show up as W2 for tax purposes). I've...
by deanmoriarty
Mon Apr 15, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Incentive Stock Options, NSOS, and AMT
Replies: 16
Views: 2193

Re: Incentive Stock Options, NSOS, and AMT

It’s my understanding the only non-AMT paid on ISOs is the cap gain when sold. More precisely, it should be all capital gain (long term) if the disposition is qualified. If it's not qualified, it should be compensation income up until the bargain element (FMV at exercise time), with any exceeding a...
by deanmoriarty
Sun Apr 14, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Incentive Stock Options, NSOS, and AMT
Replies: 16
Views: 2193

Re: Incentive Stock Options, NSOS, and AMT

One thing to note, especially if you were able to exercise before a year after the grant, you must hold the stock for 2 years from the date of the grant and one year from the date of exercise in order to get LTCG; if you were able to exercise at 6 months and sold 13 months after exercise (possibly ...