Search found 581 matches

by knightrider
Tue Nov 12, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house with no commissions,fair deal?
Replies: 38
Views: 1716

Re: Selling house with no commissions,fair deal?

My 2 cents is always list your property on the MLS for maximum exposure and to get fair market value. There is no way of knowing the true value unless you list it. Selling to one off person means one of the parties is going to get a bad deal.. You don't have to pay a realtor to list your property. T...
by knightrider
Tue Nov 12, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Educate myself with financial planning
Replies: 8
Views: 469

Re: Educate myself with financial planning

My advice is pay off your mortgage with this cash you have to invest. Pay yourself first is the best thing you can do to build wealth..
by knightrider
Tue Nov 12, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

phxjcc wrote:
Tue Nov 12, 2019 12:50 am
Pick your culture, each has its rules. Disobey the rules and you WILL suffer.
Agree. One hard lesson I learned is one person going against the culture is not going to change the culture... The culture can be bent a little bit, but with consequences unfortunately..
by knightrider
Mon Nov 11, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Annual enrollment - New "HSA 2" health insurance plans?
Replies: 3
Views: 411

Re: Annual enrollment - New "HSA 2" health insurance plans?

On the other hand, if one of the differences between the plans is that the insurance company *is* making a $1500 ($7100 - $5600) contribution to an HSA on your behalf with the second plan, that would need to be entered into your calculations. You are right. For the regular HSA plan, there is an emp...
by knightrider
Mon Nov 11, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Annual enrollment - New "HSA 2" health insurance plans?
Replies: 3
Views: 411

Annual enrollment - New "HSA 2" health insurance plans?

I am doing my annual enrollment this week and noticed some new "Horizon BlueCard HSA 2" plan. It seems to offer the highest deductibles ( $3750 ) and lowest monthly premiums ( $120 ). It also seems to let me put in more in the HSA account ( $7100/year ). For comparison, the regular "Horizon BlueCard...
by knightrider
Mon Nov 11, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Job negotiation 101?
Replies: 14
Views: 959

Re: Job negotiation 101?

Why waste their time and your time if they are only willing to pay $100k, and you are making $150k. You make sense, but the only question mark is I am not sure they are only willing to pay $100k. There is a possibility the pay could be 200+k, because that is not uncommon for this field ( supercompu...
by knightrider
Mon Nov 11, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Job negotiation 101?
Replies: 14
Views: 959

Re: Job negotiation 101?

What would you be doing at the university as IT support staff that would fit your statement "...Seems there is a lot of opportunity to work on exciting stuff..."? I'm not in IT, so I don't know what this would involve. The area is supercomputing which is kind of a jack of all trades for all things ...
by knightrider
Mon Nov 11, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Job negotiation 101?
Replies: 14
Views: 959

Re: Job negotiation 101?

In negotions, try and avoid being the first one to share a number. So, as phase one, I would say something like "I view pay as just one of the parts of the compensation package, so I'm hesitatnt to talk salary until I have a better understanding of all of the benefits..." and then use that as a jum...
by knightrider
Mon Nov 11, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Job negotiation 101?
Replies: 14
Views: 959

Re: Job negotiation 101?

Salaries in education tend to be lower then in the private sector so I would doubt that they will be able to match your current salary (unless you are going them in a rainmaker type fundraising position). If it is a prestigious place may would work for a lower salary to add the luster of a universi...
by knightrider
Mon Nov 11, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Job negotiation 101?
Replies: 14
Views: 959

Job negotiation 101?

I work in IT/engineering and have got motivated to "see what's out there".. My current job is with a European based megacorp. Total Comp ~150k. I have excellent work-life balance as I live 10 minutes drive from home. Many days I walk 40 minutes to work.. Downside is I am not learning much new as the...
by knightrider
Wed Nov 06, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to collaborate with IT coworkers?
Replies: 6
Views: 583

How to collaborate with IT coworkers?

I work in IT/engineering and I’ve always had a hard time collaborating with my coworkers. Many are very knowledgeable but seem to have a chip on their shoulder. Their attitude is “figure it out yourself, that’s how I learned”. Or they are always self-learning the latest and greatest tech that they f...
by knightrider
Mon Nov 04, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: New Job, Depressed, Money issues
Replies: 89
Views: 11624

Re: New Job, Depressed, Money issues

My 2 cents is find a mentor who can teach you what you need to know. If you don't know anyone, find someone you can pay via sites like upwork . Yes, you can teach yourself but this can be very time consuming and frustrating if you are in a pinch to get up to speed..
by knightrider
Wed Oct 30, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Have you ever purchased a pricy musical instrument?
Replies: 106
Views: 7368

Re: Have you ever purchased a pricy musical instrument?

I did and regret it because I ruined it. It was an all solid wood Martin guitar for $1000 in 2002. I didn't realize I had to humidify it in the winters. I didn't for a few years and it developed all sorts of structural issues. Eventually the repair estimate was too high so I sold it for $220..
by knightrider
Sun Oct 27, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24683

Re: IT compensation comparison

I got inspired by this thread to try my luck at applying for some of these highly paid IT jobs.. I managed to land a first interview at a FinTech company. Unfortunately, they decided I was not the right fit. I did notice the vast majority of the tech people in this company were under 35. Also most h...
by knightrider
Sun Oct 27, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: How much does a "good school district" matter?
Replies: 76
Views: 6599

Re: How much does a "good school district" matter?

Is it better to be the the top student in average school district or average student in top school district? I agree, that nowadays diversity is a big buzzword. So being comfortable in that environment has many benefits..
by knightrider
Mon Oct 21, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 15182

Re: I bought a STOLEN vehicle!!!

If I have even the slightest whiff of something off about a car, either I decline the transaction, or insist that the entire transaction take place at the DMV. +1. I've noticed most people are very bad at judging people's backgrounds and intentions. I evaluate everything from how they communicate t...
by knightrider
Mon Oct 21, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 15182

Re: I bought a STOLEN vehicle!!!

Not sure I understand what happened . The OP said VIN was tampered? So it was altered to what? And isn't the VIN printed on most every major part. So they have to alter many VINs..
by knightrider
Wed Oct 16, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5001

Re: Prenuptial agreement for moderately successful 30 year olds

Hers - $175k in assets. No debt. $105k salary. His - $825k plus about $100k of equity in our $325k house that I've lived in for 7 years. No debt aside from mortgage. $120k salary. I am no expert, but doesn't sound like a prenup is needed for this situation. Since you both earn similar amounts, then...
by knightrider
Tue Oct 15, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6207

Re: Frustrated with dentist fees

The dental coverage items discussed by some here like understanding whether dentists are in/out of network, requesting a predetermination of benefits and being aware of deductible/co-insurance requirements are all “basics” in my book. Basics for boglehead members, but not for average joes, in my op...
by knightrider
Tue Oct 15, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6207

Re: Frustrated with dentist fees

In short, medical insurance is more complicated than medicine! Folks who say patients needs to read all the rules of what they sign up for are being unrealistic.. No average joe can be expected to fully understand how complex insurance is. The explanation of benefits is another joke designed to furt...
by knightrider
Thu Oct 10, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Fee-based CFP advice
Replies: 11
Views: 1239

Re: Fee-based CFP advice

Is it worth it to look for one for a one-time sanity/guidance check? I've also thought about seeing someone for a sanity/guidance check. Unfortunately, it seems the consensus is that such people do not exist. Or if they exist, it will be easier to figure it out yourself then spend time finding such...
by knightrider
Thu Oct 10, 2019 8:10 am
Forum: Personal Consumer Issues
Topic: Concerned I may have somehow gotten scammed on Craigslist (as a seller)...
Replies: 28
Views: 4078

Re: Concerned I may have somehow gotten scammed on Craigslist (as a seller)...

The way to avoid all the nonsense on Craigslist is to price things to sell and ignore anyone who is not serious.. Very simple. Yet people are greedy and will entertain anyone interested in their overpriced junk. Sorry to say it, but such people deserved to get scammed. The education is priceless.
by knightrider
Tue Oct 01, 2019 8:42 am
Forum: Personal Consumer Issues
Topic: Risks with seeing out of network dentist?
Replies: 22
Views: 1358

Risks with seeing out of network dentist?

My insurance is delta dental and they have a few folks to pick in my area. The problem is none of them return my voicemails AND none have any social media recommendations. I belong to an active community forum and people always ask for dentist recommendations. I do not see any of my in-network denti...
by knightrider
Tue Oct 01, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: How can I reduce tax exposure?
Replies: 14
Views: 1549

Re: How can I reduce tax exposure?

BolderBoy wrote:
Mon Sep 30, 2019 10:48 am
Stop all reinvestments of divs & CGs in your non-retirement accounts.
I never knew this was a bad thing. Can anyone explain in a nutshell why it is not recommended?
by knightrider
Mon Sep 30, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Selling Business - How much to expect, what is the process
Replies: 59
Views: 4215

Re: Selling Business - How much to expect, what is the process

I could be wrong, but I doubt there is much of a market for software.. Most of it is written in such a way that it only makes sense to the original author. The opportunity cost to learn your software inside out is high. It is often easier to just build something from scratch or use open-source soft...
by knightrider
Sun Sep 29, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Business - How much to expect, what is the process
Replies: 59
Views: 4215

Re: Selling Business - How much to expect, what is the process

I could be wrong, but I doubt there is much of a market for software.. Most of it is written in such a way that it only makes sense to the original author. The opportunity cost to learn your software inside out is high. It is often easier to just build something from scratch or use open-source softw...
by knightrider
Sat Sep 28, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 3779

Re: Employer is relocating - how to be allowed to work remotely

My two cents is it all depends on your relationship with your boss AND if the boss is fairly easy going type.. If he's any kind of micro-manager, fuggedaboutit... [OT comment removed by admin LadyGeek]
by knightrider
Wed Sep 25, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24683

Re: IT compensation comparison

I worked at a megacorp in software development of large scale bill payments. Large scale is several million line items for 250 companies a day. At the end after about 35 years of experience I made about 110k. None f this 150-250k business. I think pay is commensurate to how import the software deve...
by knightrider
Wed Sep 25, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 149
Views: 14163

Re: Equifax settlement: how to file claim?

Does one have to have received the email to be eligible?

I know there's a site to see if you are eligible, but I'd rather not put all my info. in there.. I would guess everyone in US with a credit card is eligible, no?
by knightrider
Wed Sep 25, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Any gotchas converting from SEP IRA to Solo 401K?
Replies: 26
Views: 1607

Re: Any gotchas converting from SEP IRA to Solo 401K?

Spirit Rider wrote:
Fri Sep 20, 2019 12:11 pm
Here is a list off the top of my head of the considerations most people with one-participant 401k plans need to be aware of.
Good info! Should some be added to the wiki:

https://www.bogleheads.org/wiki/Solo_401(k)_plan

I don't see the Form 5500-EZ discussed much there.
by knightrider
Mon Sep 23, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24683

Re: IT compensation comparison

There is more to the story. It is that software, in fact, is not easy. It is very, very difficult. At least, the type of software built and maintained by these companies is not easy. A computer game written by a high schooler is not exactly comparable. Learning a few programming languages would als...
by knightrider
Mon Sep 23, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24683

Re: IT compensation comparison

Programming is one skill required by software engineering. It is far from the whole story. Arguably it’s one of the least important aspects. Code matters of course but raw programming ability won’t get you very far in this industry. My employer doesn’t even care what languages you know. We have an ...
by knightrider
Sat Sep 21, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24683

Re: IT compensation comparison

If you believe that you are underpaid and you qualify for one of those 250+K jobs in the Bay Area, just go ahead and apply. If and when you receive an offer, then, you can decide whether you take up the offer. What is there to discuss? I think one point of this thread is to learn what specific skil...
by knightrider
Fri Sep 20, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24683

Re: IT compensation comparison

Momus wrote:
Fri Sep 20, 2019 3:54 pm
Complacency.
I would agree if we are talking about 50% more money. But here it is like 300%.... So I still contend there are more "strings attached" to these high salaries than meets the eye...
by knightrider
Fri Sep 20, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24683

Re: IT compensation comparison

IT isn't the same as swe. That guy who comes and rearrange your computer cables, load a new softwares into your corp computers, talk to you from some central location help desk, that's IT. They aren't making 350-500k/yr like swe in sv. The skill required is totally different. IT just follows instru...
by knightrider
Fri Sep 20, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24683

Re: IT compensation comparison

Here we have relatively new software engineers making $250k+, but also have low level IT workers (IT helpdesk) making $85k after 3 years. That's a gigantic difference. I wonder why every IT person doesn't just get a job as a software engineer then? And why isn't every software engineer in the count...
by knightrider
Fri Sep 20, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should I see a fee-only financial advisor or keep DIY?
Replies: 20
Views: 1267

Re: Should I see a fee-based financial advisor or keep DIY?

What do you think is so unique about your life and situation that you need a specialist to come up with a unique plan differing from others ? Mainly to see if there are opportunities I am missing. BH forum is not so good for asking for "give me a whole life analysis"... For example a lot depends on...
by knightrider
Fri Sep 20, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I see a fee-only financial advisor or keep DIY?
Replies: 20
Views: 1267

Re: Should I see a fee-based financial advisor or keep DIY?

If you need tax advice it might be best to find an appropriate CPA being sure to interview in advance to make clear what your needs are. Legal issues would best go to your own wills and estates attorney or whatever your concern is. This firm that visits our megacorp claim to have all this in-house....
by knightrider
Fri Sep 20, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I see a fee-only financial advisor or keep DIY?
Replies: 20
Views: 1267

Re: Should I see a fee-based financial advisor or keep DIY?

Certainly, a place called bogleheads.org can come up with where you want to be headed and blueprint on how to get there. I could be wrong, but I don't think BH is good for "overall advice". It's great for specific questions, but not for looking at all facets of one's situation. I am sure there are ...
by knightrider
Fri Sep 20, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I see a fee-only financial advisor or keep DIY?
Replies: 20
Views: 1267

Should I see a fee-only financial advisor or keep DIY?

I am in my early 40s, married with a toddler. The issue is I am getting over my head with all my accounts ( 401k's, solo 401k, SEP IRAs, TIRA, ROTH, 529, CDs, HSA, FSA etc.. ). Some things I want to do are: 1) Consolidate all accounts with Fidelity ( right now they are spread out in different places...
by knightrider
Fri Sep 20, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Any gotchas converting from SEP IRA to Solo 401K?
Replies: 26
Views: 1607

Re: Any gotchas converting from SEP IRA to Solo 401K?

A one-participant 401k is not just a bigger IRA. It is a full-fledged 401k plan that is exempt from anti-discrimination testing and less/easier reporting restrictions. Thanks, I think I get it now. This is what makes me nervous though. How is an average joe supposed to fully understand all the rule...
by knightrider
Thu Sep 19, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24683

Re: IT compensation comparison

- Software developers make a lot more money than traditional "IT" fields like network, database and systems admins,etc - Within developers, certain specialties (like data science and network security) can make a lot more money than run of the mill web or desktop application development. -Developers...
by knightrider
Thu Sep 19, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Any gotchas converting from SEP IRA to Solo 401K?
Replies: 26
Views: 1607

Re: Any gotchas converting from SEP IRA to Solo 401K?

It is for the one-participant 401k plan's records, not your personal records. It must remain available for review by the IRS if requested. I am not seeing any mention of this "election form" in this page: https://www.irs.gov/retirement-plans/one-participant-401k-plans The only thing they mention is...
by knightrider
Thu Sep 19, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Any gotchas converting from SEP IRA to Solo 401K?
Replies: 26
Views: 1607

Re: Any gotchas converting from SEP IRA to Solo 401K?

The reason for this two-step process is pretty straightforward. It is to ensure the participant "elects" to make a deterministic contribution based on their compensation in the tax year. This is to ensure they don't make whatever contribution whenever they want based on a whim. It is for the one-pa...
by knightrider
Tue Sep 17, 2019 8:54 pm
Forum: Personal Consumer Issues
Topic: What generalist books attempt to explain human nature?
Replies: 39
Views: 2671

What generalist books attempt to explain human nature?

Looking for a generalist books that mix sociology, psychology, economics etc. to understand how human nature works. For example, trial lawyers need to have good understanding of human nature to sway jurors with their arguments. Are there books they read about that? The closest book I got to this was...
by knightrider
Tue Sep 17, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Any gotchas converting from SEP IRA to Solo 401K?
Replies: 26
Views: 1607

Re: Any gotchas converting from SEP IRA to Solo 401K?

There is no IRS form for this Fidelity has a sample Fidelity Retirement Plan—401(k) Salary Reduction Agreement that they use for all their 401k plans. It is not ideal for self-employed individuals, because it assumes you are a W-2 employee with pay periods. However, you can edit it to suit your pur...
by knightrider
Mon Sep 16, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Any gotchas converting from SEP IRA to Solo 401K?
Replies: 26
Views: 1607

Re: Any gotchas converting from SEP IRA to Solo 401K?

An employee deferral election is just that. You must complete an election specifying how and at what rate by 12/31. This is not reported to the IRS, only retained in your records. For the self-employed the actual contribution may occur anytime from 1/1 of the current year -> the tax filing deadline...
by knightrider
Wed Sep 11, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone offer ultra-high deductible insurance plans?
Replies: 17
Views: 1678

Re: Does anyone offer ultra-high deductible insurance plans?

There would be people who really could not pay the high deductible, but sign up anyway because of lower premiums. That just feeds the subsidy aspect of it. Unless ultra high deductibles were subject to financial qualification. Not sure I am following you here. I would think if they don't pay the de...
by knightrider
Wed Sep 11, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone offer ultra-high deductible insurance plans?
Replies: 17
Views: 1678

Re: Does anyone offer ultra-high deductible insurance plans?

My homeowners insurance is $770/yr with a $1k deductible. Let’s say I raised my deductible to $20k...what realistically could my premium drop to? $350? $200? Let’s say it’s $200... I’d have to go over 33 years without any problems to break even. It’s just not worth it the risk. The risk of you havi...
by knightrider
Wed Sep 11, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone offer ultra-high deductible insurance plans?
Replies: 17
Views: 1678

Does anyone offer ultra-high deductible insurance plans?

I have everything with State Farm ( auto,home and umbrella ) and their highest deductible is only $5k. I was hoping they had something like $20k or even higher. I wonder why no one offers that? The premiums would be very low and you would save $$$$ over the course of your lifetime. A lot of the insu...