Search found 72 matches

by Hazel-Rah
Sat Oct 20, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: If I'm convinced to stop making extra mortgage payments, should I recast?
Replies: 15
Views: 1960

Re: If I'm convinced to stop making extra mortgage payments, should I recast?

One thing that annoyed me was immediately after I recast my mortgage servicing company sold/transferred my mortgage to another company. I think this was intentional on their part because the new company does not offer recast as a service and is constantly spamming me to “unlock” my homes value by o...
by Hazel-Rah
Sat Oct 20, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: If I'm convinced to stop making extra mortgage payments, should I recast?
Replies: 15
Views: 1960

Re: If I'm convinced to stop making extra mortgage payments, should I recast?

One thing that annoyed me was immediately after I recast my mortgage servicing company sold/transferred my mortgage to another company. I think this was intentional on their part because the new company does not offer recast as a service and is constantly spamming me to “unlock” my homes value by op...
by Hazel-Rah
Sun Sep 09, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6313

Re: Paying off mortgage with 87K left on it

The flip side, of course, is that that 2.9% is a fully-guaranteed return. While I share BHs' belief that one shouldn't try to time the market, I also think it's legitimate to acknowledge that we are Year 10 of a bull market (by most measures). I'd just like to point out that if you truly believed t...
by Hazel-Rah
Sun Aug 19, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Health Check at 30. What Can I Do To Improve?
Replies: 23
Views: 2754

Re: Health Check at 30. What Can I Do To Improve?

3) Do the same $5.5k Roth IRA contribution for your spouse. Thanks! I thought I can't contribute to a Roth IRA for my spouse since she has no income? Go to the source when you aren't sure. The hyperlink below will take you to the IRS page that explains that if you two file a joint return (pretty mu...
by Hazel-Rah
Sun Aug 19, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Health Check at 30. What Can I Do To Improve?
Replies: 23
Views: 2754

Re: Health Check at 30. What Can I Do To Improve?

3) Do the same $5.5k Roth IRA contribution for your spouse. Thanks! I thought I can't contribute to a Roth IRA for my spouse since she has no income? Go to the source when you aren't sure. The hyperlink below will take you to the IRS page that explains that if you two file a joint return (pretty mu...
by Hazel-Rah
Sun Aug 19, 2018 2:14 am
Forum: Personal Finance (Not Investing)
Topic: Health Check at 30. What Can I Do To Improve?
Replies: 23
Views: 2754

Re: Health Check at 30. What Can I Do To Improve?

I don't care about your eating out habits. Heck, if you were to start an exercise program + meal prep you'd easily end up spending $30 per day getting healthier. What you should become aware of at your age and income level are: 1) The stability of your financial future needs to be secured before inv...
by Hazel-Rah
Fri May 11, 2018 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 5410

Re: Mortgage question: 20% down or larger down payment?

Just do 20% down. There is only a marginally lower interest rate to gain by putting 40% downpayment up-front. You have liquidity to lose by doing it. Recast is usually an option depending on who services your loan. After a few months you can review if the mortgage + other house expenses is messing u...
by Hazel-Rah
Fri May 11, 2018 1:27 am
Forum: Personal Finance (Not Investing)
Topic: ques
Replies: 47
Views: 4794

Re: Should I pay cash for a house?

I wouldn't do it. You don't need two extra rooms. You're single. Keep saving. Stay renting where you are. Paint your walls so it feels newer. Is "savings" liquid in a bank or are you pulling it out of a mutual fund and expect to pay a bigger tax bill because of it? You would be better off investing ...
by Hazel-Rah
Sun Feb 04, 2018 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford this home?
Replies: 25
Views: 2219

Re: Can I afford this home?

You avoided lifestyle creep so well for so long and all it took was one pretty house to sway your mind. Or You’ve been saving for this purpose and are financially prepared to pull the trigger. At five times your annual income with liquid savings greater than the value of the home it looks like a no-...
by Hazel-Rah
Sat Oct 21, 2017 8:36 pm
Forum: Personal Consumer Issues
Topic: Wife New Car Recommendations - SUV
Replies: 59
Views: 7469

Re: Wife New Car Recommendations - SUV

Please get a Range Rover Velar. It is gorgeous. And in the same class as a Q5.

Image
by Hazel-Rah
Sat Oct 07, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Career decision time - Help appreciated!
Replies: 20
Views: 1921

Re: Career decision time - Help appreciated!

If you feel they are promoting you just to gain more control over you - and you are willing to put that on the table - then negotiate a higher offer. It is a fortunate position to be in, when you don't need a new position but one is up for offer. Any business wants the most they can get from an empl...
by Hazel-Rah
Sun Aug 06, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: Buying a new TV. What do I need to know now?
Replies: 29
Views: 3424

Re: Buying a new TV. What do I need to know now?

It is good that you already know 60" is the size that will best fit the space. Pixel density : 4k, definitely 4k or better Frame rate : 120hz, no motion blur Form factor : flat, unless your room is curved. Narrow bezels look nicer but come with artifacts at the edges. If you will only look at the sc...
by Hazel-Rah
Sun Jul 23, 2017 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Another bay area housing thread..
Replies: 143
Views: 17081

Re: Another bay area housing thread..

It sounds like you have a steep cliff imposed upon by yourself psychologically between rental and owning. If you "are unwilling to go there" for a townhouse that is within your salary range then you should simply upgrade to the cheapest luxury rental apartment you can find. You will have a real gara...
by Hazel-Rah
Sat Jul 22, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about buying a house in South Bay Area...
Replies: 34
Views: 3761

Re: Thinking about buying a house in South Bay Area...

When I moved to the Bay Area ~5 years ago my much older cousin offered to rent me his 2nd house in Cupertino for well below the market rate just for the chance to have "a responsible renter". I would have felt beholden to him so I passed. I wanted my future compensation increases to be my own and no...
by Hazel-Rah
Sun Jul 09, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Saving or being stingy?
Replies: 21
Views: 3130

Re: Saving or being stingy?

I've had a friend describe me in a similar manner. That friend understood me only superficially. It may not be the case here but let me explain. I set my priorities based on things that make me happy and that I derive enjoyment from. I am satisfied with my Levi jeans and prioritize their functionali...
by Hazel-Rah
Sun Jun 18, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Legal options when merchant and credit card [take advantage of you]
Replies: 7
Views: 1910

Re: Legal options when merchant and credit card [take advantage of you]

I had something similar happen to me. I cancelled the card since the charge back service advertised was good for nothing. I continued to harass the merchant through all channels discoverable (phone, email, social media) until they acquiesced and refunded my money for the goods they never provided. N...
by Hazel-Rah
Sat Apr 29, 2017 8:56 pm
Forum: Personal Consumer Issues
Topic: Beaches in California.
Replies: 10
Views: 1774

Re: Beaches in California.

In San Diego, Coronado has Hotel Del on the sand. The beach is 90% for regular folk and 10% dedicated for pets in a zoned off area. There are nice restaurants and local novelty stores. It is my favorite beach away from major crowds without feeling too isolated.
by Hazel-Rah
Wed Feb 01, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Mega Backdoor Roth - Any Tips?
Replies: 12
Views: 1741

Re: Starting Mega Backdoor Roth - Any Tips?

Oops, looks like I was wrong. I called my custodian and confirmed they do not leave the earnings in the 401k after-tax account. They transfer earnings to a traditional IRA and can direct the contributions to the Roth IRA. I'll delete the original post to prevent confusion.
by Hazel-Rah
Mon Jan 30, 2017 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Mega Backdoor Roth - Any Tips?
Replies: 12
Views: 1741

Re: Starting Mega Backdoor Roth - Any Tips?

-- Deleted misinformation to prevent confusion --
by Hazel-Rah
Mon Jan 16, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doin?
Replies: 31
Views: 3627

Re: How am I doin?

I want to point out that the 54k total per year excludes IRA contributions. The way you've organized the information makes me think you may have this confused - maybe not, but just wanted to clarify. I interpreted it at first to be you Superfunding a Roth IRA through after-tax contributions to your ...
by Hazel-Rah
Mon Jan 16, 2017 1:00 am
Forum: Personal Finance (Not Investing)
Topic: How am I doin?
Replies: 31
Views: 3627

Re: How am I doin?

32 y/o married (3years) she stays at home 2 kids (7,2) Income 383k (2016) 363k (2015) 284k (2014) House worth 285k (mortgage 210k, 30y @3.3%) 401k balance 130k (contributing 47k total per year, can't hit max according to employer plan limitations) IRA contributing 11k jointly per year, balance 55k N...
by Hazel-Rah
Mon Dec 19, 2016 12:42 am
Forum: Personal Finance (Not Investing)
Topic: MegaCorp to start-up
Replies: 8
Views: 1736

Re: MegaCorp to start-up

1) $200K sounds fair. With ~3 years of experience in my field and an undergraduate degree I came to the Bay Area five years ago. I didn't negotiate my offer at one of the major technology firms. I think it was $105k + $10k signing bonus + moving expenses. I'm up to $175k + $30k/yr bonus + RSU compen...
by Hazel-Rah
Fri Nov 18, 2016 10:51 pm
Forum: Personal Consumer Issues
Topic: Driving from San Jose to San Diego - Where to Stop
Replies: 18
Views: 3667

Re: Driving from San Jose to San Diego - Where to Stop

If you take the 99 then you can stop at Bravo Farms. It's a small outpost with fresh fruit, sweets, novelties, 7-story rickety treehouse of suspect construction, antiques on display, restaurant, etc. My family loves to stop there for nuts, coffee and pictures from the top of the tree house. You coul...
by Hazel-Rah
Thu Nov 10, 2016 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contributions
Replies: 30
Views: 3682

Re: After Tax 401k Contributions

I do this. It is the definition of the Mega-Backdoor Roth.

My employer only allows 10% contribution per paycheck to after-tax. My 401k provider allows 5 roll-overs per year. I've done two this year and plan to do a third at end of December. It's awesome.
by Hazel-Rah
Mon Sep 26, 2016 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Roth distribution conflicting information [how much is taxable]
Replies: 9
Views: 1226

Re: Roth distribution conflicting information [how much is taxable]

I've performed the conversion twice so far - this is my first year attempting the Mega Backdoor Roth. It may not matter, but these seem to be conflicting statements. First you say you've done it twice. Then you say it is your first time. Do you mean you are using both the back door and the mega bac...
by Hazel-Rah
Mon Sep 26, 2016 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Roth distribution conflicting information [how much is taxable]
Replies: 9
Views: 1226

Re: Roth distribution conflicting information [how much is taxable]

I convert these contributions to a separate Roth IRA. When you convert "these contributions", do you send the earnings to Roth IRA (paying tax) or to tIRA (no tax due)? But what about below which says you are not doing this at all. Im a little confused. I send the contributions and the earnings to ...
by Hazel-Rah
Sat Sep 24, 2016 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Roth distribution conflicting information [how much is taxable]
Replies: 9
Views: 1226

Re: Roth distribution conflicting information [how much is taxable]

" You do not include in your gross income qualified distributions or distributions that are a return of your regular contributions from your Roth IRA(s), which implies that the earnings are taxed. Nb this bold part will means earnings are not taxable. Sweet! It does say that qualified distributions...
by Hazel-Rah
Sat Sep 24, 2016 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Roth distribution conflicting information [how much is taxable]
Replies: 9
Views: 1226

Roth distribution conflicting information [how much is taxable]

I read on the Boglehead wiki regarding Roth IRA's "After age 59 1/2, all earnings and principal are tax free (subject to some minimal conditions)" https://www.bogleheads.org/wiki/Roth_IRA But in a recent employer sponsored class aimed at educating employees on smart strategies for the company 401k p...
by Hazel-Rah
Thu Jun 09, 2016 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone else with variable income only able to select % in 401(k)?
Replies: 13
Views: 1383

Re: Anyone else with variable income only able to select % in 401(k)?

Sounds like you can max it out at the 50% cap for each paycheck and still not reach the $18k limit for 2016 - assuming I read this right that this is her only 401k amongst the 4 employers. Max it out.
by Hazel-Rah
Mon Jun 06, 2016 1:06 am
Forum: Personal Consumer Issues
Topic: Vehicle for tall person and rear-facing child car seat?
Replies: 22
Views: 6987

Re: Vehicle for tall person and rear-facing child car seat?

At 6'3", with two young kids I had similar questions not too long ago. We ended up with a VW Golf R for me and GMC Acadia for the wife. I knew rear-facing would only last one more year so I decided to sit up straighter than usual when taking the Golf places with our daughter but otherwise it worked ...
by Hazel-Rah
Sun Jun 05, 2016 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: list of companies that support mega backdoor roths?
Replies: 4
Views: 1269

Re: list of companies that support mega backdoor roths?

If you create an anonymous spreadsheet online I'd be willing to contribute my personal knowledge of my previous/current employer(s).
by Hazel-Rah
Sun Mar 06, 2016 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Holding RSU/ESPP for ≥ 1 year
Replies: 13
Views: 2583

Re: Holding RSU/ESPP for ≥ 1 year

Thanks for setting me straight. I guess I had a common misconception. There is even a 3 minute youtube video for it. No getting around those taxes. Bummer.

https://www.youtube.com/watch?v=Vfoun7dxtF8
by Hazel-Rah
Sun Mar 06, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Holding RSU/ESPP for ≥ 1 year
Replies: 13
Views: 2583

Holding RSU/ESPP for ≥ 1 year

I recently completed my 2015 taxes and am having a change of heart on my "sell immediately" mentality. Since joining my technology firm in the California bay area 4 years ago my annually vesting RSUs have become 1.5x my salary. The salary and bonus put me into the 28% federal tax bracket. The RSU/ES...
by Hazel-Rah
Sun Feb 28, 2016 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: New job - help pick 401k funds
Replies: 5
Views: 872

Re: New job - help pick 401k funds

1) That is one approach. It is what I do for Roth IRA. 2) I think you should take advantage of that 0.04% ER. For your desired allocation and preference for mid cap and small cap, perhaps: $11.2K Vanguard Institutional Index, 0.04% <- 40% of future 401k contributions $9.8K Vanguard Total Intl Stock ...
by Hazel-Rah
Sun Jan 17, 2016 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: How can I maximize employer match to 401k?
Replies: 4
Views: 770

Re: How can I maximize employer match to 401k?

Well, 2comma's math looks right to me, but I figured I'd show the calculation as asked, not just give the answer. There are 52 weeks in a year. If you are paid every two weeks then there are 26 pay periods per year. Your salary is $125,000. $125,000/26 = $4,807.69 (gross bi-weekly paycheck) Your com...
by Hazel-Rah
Thu Jan 07, 2016 9:15 pm
Forum: Personal Consumer Issues
Topic: Tough Frugal Decisions
Replies: 111
Views: 21791

Re: Tough Frugal Decisions

I've never really thought of it as frugality as much as necessity. I was the first person in my family to attend a 4yr college coming from a family that put much more of a focus on a relationship with God and family over pursuit of higher education. I also had to pay my own way and made decisions ou...
by Hazel-Rah
Wed Jan 06, 2016 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Investment planning - rollover 401k
Replies: 7
Views: 732

Re: Investment planning - rollover 401k

I use a target retirement fund at Vanguard for my Roth IRA. I think you should just leave your 401k with former employer until you are employed with a company that allows 401k roll-overs. It is a highly likely event before you retire. The alternative, the existence of a traditional IRA complicating ...
by Hazel-Rah
Wed Jan 06, 2016 2:50 am
Forum: Personal Finance (Not Investing)
Topic: Just made IRA contribution, then converted to Roth... for my wife
Replies: 27
Views: 2770

Re: Just made IRA contribution, then converted to Roth... for my wife

Identical to my wife. The only time she ever pays attention to the savings is when I make her sign her name electronically or pen to paper for whatever account I am creating on her behalf. She doesn't even read the document, just signs. I cringe.
by Hazel-Rah
Tue Jan 05, 2016 11:22 pm
Forum: Personal Consumer Issues
Topic: Google results bring up other people with your name - job search implications?
Replies: 23
Views: 2432

Re: Google results bring up other people with your name - job search implications?

I've never used a generic search engine when considering potential colleagues. After reading a resumé a phone call is my preferred follow up activity. I have looked up a few on LinkedIn or a website listed on their resumé after the phone call when weighing whether to bring them in for a face to face...
by Hazel-Rah
Fri Jan 01, 2016 5:11 pm
Forum: Investing - Theory, News & General
Topic: University Endowment portfolios
Replies: 11
Views: 1685

Re: University Endowment portfolios

My take-aways:

1) Page 3 of Stanford's returns shows their active management approach is leading a comparative indexed asset allocation by only ~2%. I can live with that kind of passive performance.

2) I need to become a 501(c)(3) for better tax treatment.
by Hazel-Rah
Thu Dec 31, 2015 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Keep Down Payment $$ for 6-18 months
Replies: 13
Views: 1846

Re: Where to Keep Down Payment $$ for 6-18 months

Ally bank 18 month CD, 1.30% APY. There are quite a few threads on this topic you can search the forum with key words.
by Hazel-Rah
Thu Dec 31, 2015 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Count Company Match Savings %
Replies: 8
Views: 1422

Re: Count Company Match Savings %

My denominator is as reported on my taxes so employer 401k matching is not included in my denominator. My formula is %saved = [total saved] / [taxable income] where total saved is: - 401k personal pre-tax - 401k personal post-tax - 401k employer pre-tax - IRA personal - IRA spouse - Investment savin...
by Hazel-Rah
Thu Dec 31, 2015 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Count Company Match Savings %
Replies: 8
Views: 1422

Re: Count Company Match Savings %

I always have included company matching 401k funds as a separate line item which is included with all other savings. Assuming fully vested it is your money regardless if you directly put it into the 401k or not.
by Hazel-Rah
Tue Dec 29, 2015 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP Question
Replies: 5
Views: 605

Re: ESPP Question

45 days is quite a long holding time. Normally I jump on the 15% discounted ESPP biannual offering and treat it as a 6 month CD with guaranteed 15% APY. It only failed to work as planned in one single offering period when I was at a volatile and declining technology firm. There was no holding period...
by Hazel-Rah
Tue Dec 29, 2015 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer - Re-negotiate offer?
Replies: 25
Views: 3094

Re: Job Offer - Re-negotiate offer?

Robert McNamara was made president of the Ford Motor Company in 1960 [edited after error was pointed out]. Within weeks of his promotion the newly elected JFK offered him much less money to be Secretary of Defense. He took the job. You got a pay bump and an opportunity to grow by directly managing a...
by Hazel-Rah
Tue Dec 22, 2015 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Is maxing out my 401k a bad idea?
Replies: 14
Views: 2553

Re: Is maxing out my 401k a bad idea?

Maxing out your 401k is never a bad idea.

You have 100% control of your savings rate. You have zero percent control over any of your aging relatives health or end of life financial decisions.
by Hazel-Rah
Tue Dec 22, 2015 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Personal Financial advise
Replies: 9
Views: 1619

Re: Seeking Personal Financial advise

A few disadvantages for leaving funds in the previous employer's 401k are: 1) commonly, former employees are not allowed to take loans against the funds - for instance, for a home down payment - since the preferred payback method is through paycheck deductions. 2) Available funds can change (become ...