Search found 1293 matches

by Afty
Wed Jul 08, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Move from Bay Area?
Replies: 34
Views: 3477

Re: Move from Bay Area?

1. Wife and I both can work remotely, however with the current economic situation, have uncertainty around job security. We want to assume someday we will not be able to work remotely and will have to adopt a job in the new location and understand what kind of income impact would that have with Bay...
by Afty
Tue Jul 07, 2020 11:04 am
Forum: Personal Consumer Issues
Topic: How would permanent WFH reshape Silicon Valley?
Replies: 77
Views: 5779

Re: How would permanent WFH reshape Silicon Valley?

I live in Silicon Valley and work at a FAANG company. Historically the company where I work has been anti-WFH. It was allowed but only occasionally, and I've seen people get in trouble for overusing it (albeit in cases where the person's output was very low). Managers were not allowed to hire remote...
by Afty
Mon Jul 06, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Management Strategies - Entrenched Bad Staff
Replies: 23
Views: 1815

Re: Management Strategies - Entrenched Bad Staff

You have my sympathy. Managing even a single low performer is painful and takes a lot of time. Have you heard of the Situation-Behavior-Impact framework for delivering feedback? It's a way to deliver critical feedback that is specific and applicable. In the case you described, you might try deliveri...
by Afty
Sun Jul 05, 2020 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10041

Re: Manager vs. Direct report salary issues

BTW one of the best pieces of advice I got from a past manager is to think of your team as supporting you and your growth. I still remember that and apply it daily. I view my job as a manager the other way around -- to support my team's growth. The best outcome is that one of them grows to replace ...
by Afty
Sun Jul 05, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: What’s important and what’s not?
Replies: 17
Views: 1735

Re: What’s important and what’s not?

I suggest focusing on big things and on absolute dollars saved rather than percentage saved. Saving 50% of a $10 item is $5. Saving 10% of a $10,000 item is $1000. It’s better to spend your time saving the $1000. I also agree with a previous poster who recommended prioritizing tasks you enjoy vs. on...
by Afty
Sun Jul 05, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Actions at end of life to benefit heirs
Replies: 101
Views: 6304

Re: Actions at end of life to benefit heirs

My mom had about a year to prepare after a terminal diagnosis. Probably the most helpful thing she did from a financial perspective was to write a document listing where all of her accounts were, the usernames and passwords, and what I (only child) should do with each of them upon her passing. She a...
by Afty
Sat Jul 04, 2020 1:00 am
Forum: Investing - Theory, News & General
Topic: Blockchain: Disruption of Financial Intermediaries
Replies: 23
Views: 1776

Re: Blockchain: Disruption of Financial Intermediaries

The blockchain fad has passed. If we were going to see any disruption, we would have seen it by now.
by Afty
Fri Jul 03, 2020 4:10 pm
Forum: Investing - Theory, News & General
Topic: How to analyze having a paid-off mortgage in retirement?
Replies: 104
Views: 6403

Re: How to analyze having a paid-off mortgage in retirement?

Thanks for all the thoughtful responses, everyone. Jags4186's post comparing the payoff amount to the amount of assets required to support the payment was especially helpful -- it makes clear the idea that paying off your mortgage reduces risk but may result in lower returns in the average case. The...
by Afty
Fri Jul 03, 2020 3:53 pm
Forum: Investing - Theory, News & General
Topic: How to analyze having a paid-off mortgage in retirement?
Replies: 104
Views: 6403

Re: How to analyze having a paid-off mortgage in retirement?

A suggestion I read on this BH site was to consider the mortgage as a "negative" bond. This give you a higher effective stock/bond ratio. The duration of the negative bond is also probably longer than your TBM holdings too, again adding to effective volatility. Yes, the mortgage interest is tax ded...
by Afty
Wed Jul 01, 2020 11:39 am
Forum: Investing - Theory, News & General
Topic: How to analyze having a paid-off mortgage in retirement?
Replies: 104
Views: 6403

How to analyze having a paid-off mortgage in retirement?

It's pretty common to have a goal of paying off your mortgage by retirement. But why? Obviously it reduces your expenses, but it also reduces the size of your nest egg. It's possible that it's better financially to have the larger nest egg. How would you determine which alternative is better? How wo...
by Afty
Tue Jun 30, 2020 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity Check: Career Gap Year
Replies: 40
Views: 2462

Re: Sanity Check: Career Gap Year

I agree that this seems very risky given the current state of the economy. I would not make any big changes until we are though this crisis, and even then I would consider taking a shorter break that would not require you to quit your job. I was able to take 2 months of unpaid leave a couple years a...
by Afty
Tue Jun 30, 2020 2:37 pm
Forum: Personal Consumer Issues
Topic: At what point can you justify a $10k+ flight?
Replies: 75
Views: 4603

Re: At what point can you justify a $10k+ flight?

I’ve taken in the past business class flights for almost $5k (only twice) and it was a total delight given that the flights were over 12 hours each way. I think $5k is reasonable but at what point in your budget can you justify spending over $10k on a roundtrip flight when the same flight on Coach ...
by Afty
Sun Jun 28, 2020 3:13 pm
Forum: Personal Consumer Issues
Topic: Effect of open-source software on SWE careers and start-up companies.
Replies: 34
Views: 2118

Re: Effect of open-source software on SWE careers and start-up companies.

Last I checked about 2/3rds of open source was BSD/MIT/Apache and the rest was GPL dervived. GPL has been dropping over the past decade. How you make money depends on what. you are offering. Imagine something like facebook was opensource. If I had all the code would it help me build a competitor? S...
by Afty
Sat Jun 27, 2020 11:39 pm
Forum: Personal Consumer Issues
Topic: Replace keyless remote for 2007 Avalon
Replies: 7
Views: 587

Re: Replace keyless remote for 2007 Avalon

I found a local mobile locksmith via Yelp who could reprogram a keyfob for my Infiniti. All he needed was access to the car, which was good as I had lost my only key and couldn't drive it anywhere.
by Afty
Thu Jun 25, 2020 7:16 pm
Forum: Personal Consumer Issues
Topic: Effect of open-source software on SWE careers and start-up companies.
Replies: 34
Views: 2118

Re: Effect of open-source software on SWE careers and start-up companies.

Your questions are too abstract. Also, open source software doesn’t generally lack IP or even patents. What are you concretely interested in? By "open source" I meant that computer software is not covered by any patent or IP (copyright?). I'm not an IP expert though on this matter though and I coul...
by Afty
Thu Jun 25, 2020 12:53 pm
Forum: Personal Consumer Issues
Topic: Water Heater Question
Replies: 19
Views: 1099

Re: Water Heater Question

I agree that a single 50-gallon tank should be sufficient for a family of 4, based on https://www.bobvila.com/articles/what-s ... do-i-need/. So you might be able to just get rid of the leaking unit and rely on the remaining one.
by Afty
Tue Jun 23, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is a forgiven loan a gift?
Replies: 13
Views: 1087

Re: Is a forgiven loan a gift?

If the support of graduate school had been made by the parents directly to the school what would it be? And if that’s ok without consideration of loan or gift I’m wondering does any of this matter? Setting aside any loan questions, if you pay for someone's college or grad school tuition directly to...
by Afty
Tue Jun 23, 2020 2:59 pm
Forum: Personal Consumer Issues
Topic: tesla Autopilot temp price drop from $3k -> $2k, worth it?
Replies: 10
Views: 1310

Re: tesla Autopilot temp price drop from $3k -> $2k, worth it?

Yes from me. I have basic Autopilot on my Model 3. It's wonderful for highway use, especially on congested highways. When you're sitting in traffic it's very reliable and greatly reduces fatigue. To make it clear what you're getting with basic Autopilot, you get Traffic Aware Cruise Control (i.e. ad...
by Afty
Fri Jun 19, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Learning how to do your own taxes?
Replies: 48
Views: 2654

Re: Learning how to do your own taxes?

I made this switch a few years ago. It was a good decision to start doing them myself. I purchased tax software (H&R Block or TurboTax are good choices) and went through the interview mode. At the end I printed out all the forms and compared them to my CPA’s return from the previous year. For signif...
by Afty
Wed Jun 17, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Amica
Replies: 40
Views: 3658

Re: Disappointed in Amica

Each year when Amica sends their updated policy, they include a form for you to enter your estimated mileage. They then adjust the policy based on the form. At least this is how it has always worked in my experience.
by Afty
Wed Jun 17, 2020 2:34 pm
Forum: Personal Consumer Issues
Topic: Valuable antiques that don't fit your aesthetic?
Replies: 23
Views: 1012

Re: Valuable antiques that don't fit your aesthetic?

I inherited a bunch of antique furniture from my parents. It's been sitting in storage for years now, costing $$$ in storage fees. I should have just gotten rid of it.
by Afty
Tue Jun 16, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 29
Views: 2526

Re: Advice on Buying a Certified Pre-Owned BMW

It's always a good idea to get an inspection by a 3rd party. CPO cars have supposedly been inspected by the dealer, but in reality these things are not always done and a 3rd party inspection will protect you.
by Afty
Sun Jun 14, 2020 7:21 pm
Forum: Investing - Theory, News & General
Topic: Tax Managed Direct Indexing
Replies: 7
Views: 723

Re: Tax Managed Direct Indexing

We see from time to time new posters who want to unwind the mess of stocks that they have to put up with or inherited from such portfolios. About the only way to unwind tax efficiently is to die. Thus, these portfolios are just a way for a financial firm to make a sticky glue to trap clients into n...
by Afty
Sat Jun 13, 2020 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on inherited IRA and tax impact
Replies: 22
Views: 936

Re: Need advice on inherited IRA and tax impact

In addition to the good suggestions in this thread, I would also suggest allocating the inherited IRA to your slowest growing investments. See the wiki entry on tax efficient fund placement. https://www.bogleheads.org/wiki/Tax-eff ... _placement
by Afty
Sat Jun 13, 2020 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Conventional Mortgage for 2nd Residence
Replies: 10
Views: 823

Re: Conventional Mortgage for 2nd Residence

My wife is planning to take a fellowship 75 miles from our house which is in the college our kids are likely to attend. In an ideal situation we could buy a house there, and then use it for the kids going to college in 3-11 years from now. What happens if your kids don’t go to this college? It soun...
by Afty
Fri Jun 12, 2020 9:48 pm
Forum: Personal Investments
Topic: How much has Bogleheads saved you?
Replies: 38
Views: 3190

Re: How much has Bogleheads saved you?

I don’t know how to calculate this, but Bogleheads taught me about the backdoor and mega backdoor Roth techniques and convinced me to switch to a HDHP and fund an HSA.
by Afty
Fri Jun 12, 2020 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should I make this career change?
Replies: 11
Views: 1656

Re: Should I make this career change?

At this age in my life (mid forties) I am hesitant to apply. I have never manged people before. And also, never handled budget before. My concern is that my focus will be diverted to these things and away for being technically sound. At the same time, when I talk to people, i have been told the for...
by Afty
Wed Jun 10, 2020 2:44 pm
Forum: Personal Consumer Issues
Topic: I think I need a new computer
Replies: 135
Views: 7088

Re: I think I need a new computer

Does your laptop have an SSD? If not, I bet upgrading to an SSD + increasing your memory to 16 GB would resolve all your issues. You'd have to check whether your machine supports 16 GB of memory. Is yours a G50? Here's the hardware maintenance manual: https://download.lenovo.com/consumer/mobiles_pub...
by Afty
Wed Jun 10, 2020 1:25 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 447
Views: 24818

Re: What fun car should I get in the $150k - $200k range?

Back in 2013, I did an exotic car tour where we drove 6 "exotics" on mountain roads all day. I was surprised at what I liked and didn't like. I found that engine note was surprisingly important to me, and that pure acceleration was probably 2nd. The Lamborghini LP560-4 was my favorite for that reaso...
by Afty
Tue Jun 09, 2020 2:23 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 447
Views: 24818

Re: What fun car should I get in the $150k - $200k range?

Are there car clubs for exotics the way there are for Porsche (PCA) and BMW (BMW CCA)? Yes there are. PCA, requires you own a Porsche. BMW CCA does not require any BMW ownership. I was the local chapter VP and activities director for a year and show director for Oktoberfest that year (national even...
by Afty
Tue Jun 09, 2020 10:36 am
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 447
Views: 24818

Re: What fun car should I get in the $150k - $200k range?

Are there car clubs for exotics the way there are for Porsche (PCA) and BMW (BMW CCA)?
by Afty
Mon Jun 08, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Redeeming Citi Costco rewards without visiting Costco?
Replies: 11
Views: 1770

Re: Redeeming Citi Costco rewards without visiting Costco?

This is my problem with Costco. You have a rewards card, why not just credit the rebate back to the card? Amazon does this with their card. Checks get lost, the one they give my 91 year old Dad I have to go to see him and get him to Costco to redeem. I am sure many people do not redeem their check ...
by Afty
Sat Jun 06, 2020 9:34 pm
Forum: Personal Consumer Issues
Topic: Movie recommendation for Kids (9/10 yrs) ?
Replies: 12
Views: 595

Re: Movie recommendation for Kids (9/10 yrs) ?

I recommend subscribing to Disney+ for $7/mo. Lots of family friendly content there including nearly every Disney and Marvel movie you can think of.
by Afty
Sat Jun 06, 2020 3:08 pm
Forum: Personal Consumer Issues
Topic: Help loosening the purse strings
Replies: 15
Views: 1342

Re: Help loosening the purse strings

May I suggest an alternative approach? Instead of spending a large amount of money on things that you are not sure will make you happier, what if you spent small amounts of money frequently on small luxuries? Things like going out for coffee, going out for dinner/ordering takeout, etc.? You could bu...
by Afty
Sat Jun 06, 2020 12:20 pm
Forum: Investing - Theory, News & General
Topic: When are gift recipients liable for gift taxes or other donor taxes?
Replies: 8
Views: 421

Re: When are gift recipients liable for gift taxes or other donor taxes?

Such an action would be considered bankruptcy fraud . When you file for bankruptcy, you are required to list everyone to whom you have given >$600 in the past two years. Also, I don't think gift taxes are dischargeable in bankruptcy: https://www.nolo.com/legal-encyclopedia/does-filing-for-bankruptcy...
by Afty
Thu Jun 04, 2020 9:40 pm
Forum: Personal Consumer Issues
Topic: I Guess I Need A New TV?
Replies: 18
Views: 2142

Re: I Guess I Need A New TV?

If the built in OTA tuner has gone bad, could you replace it with an external one? E.g. https://www.amazon.com/Mediasonic-HomeW ... B00I2ZBD1U
by Afty
Wed Jun 03, 2020 9:21 pm
Forum: Personal Consumer Issues
Topic: Looking for Shredder Recommendations
Replies: 30
Views: 1417

Re: Looking for Shredder Recommendations

The Wirecutter recommends the AmazonBasics 15-sheet model. https://www.nytimes.com/wirecutter/revi ... shredders/
by Afty
Wed Jun 03, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Strategy
Replies: 31
Views: 2110

Re: 529 Plan Strategy

I agree with the general sentiment to max your retirement accounts before contributing to a 529. If you are already doing that, I have two further suggestions: 1) It's difficult to plan this far out. I suggest making a plan but also reevaluating periodically (say, every year or two) to see if any of...
by Afty
Wed Jun 03, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Any 529 abusers here ?
Replies: 38
Views: 5042

Re: Any 529 abusers here ?

I purposely avoided overfunding my 529s. I enjoyed the 20+ years of tax-free growth for funding the kids educations (still ongoing) but didn't want to pay the higher tax on Gains nor the 10% penalty on gains - don't see how that is better than how I do with a Taxable account (Maryland cash-matching...
by Afty
Tue Jun 02, 2020 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Sell inherited home or rent it out?
Replies: 19
Views: 1574

Re: Sell inherited home or rent it out?

If she had $144-153k*, would she buy this house to rent out?

* assuming 10% transaction costs
by Afty
Tue Jun 02, 2020 10:48 am
Forum: Personal Consumer Issues
Topic: Anyone Install MOCA for fios speed?
Replies: 27
Views: 1224

Re: Anyone Install MOCA for fios speed?

PoultryMan wrote:
Tue Jun 02, 2020 9:04 am
PS I have a mesh system but still encounter buffering with gigabit fios
Which mesh system do you have, and where are the units located? You said your main router is on the 2nd floor but not where your mesh units are.
by Afty
Mon Jun 01, 2020 11:01 pm
Forum: Personal Investments
Topic: How to allocate 529 funds?
Replies: 12
Views: 1046

Re: How to allocate 529 funds?

Thanks for the input. I do intend to fund their college educations regardless of what happens in the market. One thing for me to consider is that if the accounts grow too much, that could be a problem if they outstrip the kids' needs.
by Afty
Sun May 31, 2020 8:34 pm
Forum: Personal Investments
Topic: How to allocate 529 funds?
Replies: 12
Views: 1046

How to allocate 529 funds?

I have 529 accounts for each of my kids. Currently I have the 529s invested in the age-based portfolios in the Vanguard Nevada 529 plan. I am wondering whether it would make more sense to treat the 529 funds as part of our overall portfolio and allocate them according to tax-efficient fund placement...
by Afty
Sat May 30, 2020 11:14 am
Forum: Personal Investments
Topic: Out of market now and need advice on re-entering
Replies: 107
Views: 10230

Re: Out of market now and need advice on re-entering

A caveat about Vanguard PAS: to my knowledge, they cannot manage or even advise on funds in employer retirement plans like a 401k, even if those accounts are held at Vanguard. If a large fraction of OPs assets are in the 401k/457 accounts, then PAS won't work for them.
by Afty
Fri May 29, 2020 12:46 pm
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 2486

Re: New iPhone SE?? has anyone bought and used one?

Pros of XS: Much larger screen in a not-much-larger body (screen goes to the edges of the phone). Higher quality OLED screen instead of LCD. Better camera with 2 lenses instead of 1. Facial recognition instead of fingerprint for unlocking. (This might be a con now in the age of face masks). Better b...
by Afty
Fri May 29, 2020 11:49 am
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 2486

Re: New iPhone SE?? has anyone bought and used one?

My wife upgraded from the old SE to the new SE. The new SE is noticeably bigger, which she initially didn't like but has gotten used to. Another noticeable difference is that the home button is no longer a physical button, but a "haptic" button that doesn't move but fake clicks via haptic feedback. ...
by Afty
Thu May 28, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Is Capital One 360 bank account OK?
Replies: 35
Views: 2291

Re: Is Capital One 360 bank account OK?

I've had accounts there since they were ING direct - no issues, easy to use interface/ap I have savings accounts at Capital One and Barclays. No problems with either. As another user mentioned, there are threads about Cap. One if you want to check those out. It seems they're not as transparent as o...
by Afty
Tue May 26, 2020 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 80
Views: 5557

Re: 1:1 salary and stock jobs?

I thought Netflix gave employees the option to take some or all of their comp as options?
by Afty
Tue May 26, 2020 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: How is the Amazon Prime Rewards Visa Signature Card
Replies: 41
Views: 2415

Re: How is the Amazon Prime Rewards Visa Signature Card

I've had this card for a couple years now and have been happy with it. It does what it is supposed to do -- gives me 5% cash back at Amazon and Whole Foods. I can't comment on sign up bonuses or whether they do a hard pull.
by Afty
Tue May 26, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Jumbo Loan Market still frozen
Replies: 11
Views: 1090

Re: Jumbo Loan Market still frozen

HEDGEFUNDIE wrote:
Tue May 26, 2020 2:30 pm
My $1.2M refi with BoA just closed today
Mine (jumbo with BofA) is closing this Thursday. But I started the process in February, so things may be tighter now.