Search found 245 matches

by schrute
Sun Nov 18, 2018 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: NFCU offering free $2K in AD&D insurance, does it make sense?
Replies: 7
Views: 769

Re: NFCU offering free $2K in AD&D insurance, does it make sense?

NFCU (I'm part of) is offering free $2K in AD&D insurance at no cost. Not sure if others got one too. Something free sure seems nice. I don't read any terms that say I commit to something else? Thoughts here? No, this is OK - but of limited value. It only pays for accidental death or accidental dis...
by schrute
Sun Nov 18, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: NFCU offering free $2K in AD&D insurance, does it make sense?
Replies: 7
Views: 769

NFCU offering free $2K in AD&D insurance, does it make sense?

NFCU (I'm part of) is offering free $2K in AD&D insurance at no cost. Not sure if others got one too. Something free sure seems nice. I don't read any terms that say I commit to something else? Thoughts here?
by schrute
Sun Nov 18, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Do you angel invest? If so, how many investments do you typically do?
Replies: 5
Views: 689

Do you angel invest? If so, how many investments do you typically do?

A friend of mine is getting into angel investing (he meets the criteria) and was curious how often people do angel investments. It seems like its for bragging rights in the Bay Area than a real return?
by schrute
Sun Nov 11, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does a life insurance policy not make sense?
Replies: 16
Views: 1789

At what point does a life insurance policy not make sense?

I've read that you should have $1M 20 year life insurance policy. At what point does it not make sense to have a life insurance policy? If your net worth is >$1M (not that mine is), does it not make sense? What about an AD&D (Accidental death and dismemberment insurance)? I don't have a risky job, b...
by schrute
Sun Nov 04, 2018 7:04 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4893

Re: Engineering school

I don't deny that some of these schools are ok but my company (Bay Area, chip design) would throw in the trash resumes coming from most of them. Name IS important. That's unfortunate. Engineering was the one of the last places where your skills and abilities mattered more than the name of the schoo...
by schrute
Sat Nov 03, 2018 9:42 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4893

Re: Engineering school

I don't deny that some of these schools are ok but my company (Bay Area, chip design) would throw in the trash resumes coming from most of them. Name IS important. That's unfortunate. Engineering was the one of the last places where your skills and abilities mattered more than the name of the schoo...
by schrute
Fri Oct 12, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Filed 1040 extension, do I mail my return to where I normally would mail to?
Replies: 3
Views: 283

Filed 1040 extension, do I mail my return to where I normally would mail to?

I filed a 1040 extension and it's obviously due Monday. I went to IRS.gov, but it's not clear if I would mail it to the same place as if its April 15? Do you typically mail to your location or do you have to send it somewhere else? I've never done an extension prior to this year so not sure. I'm ass...
by schrute
Fri Oct 12, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Asterisks on Form 8606 for Backdoor Roth?
Replies: 5
Views: 538

Re: Asterisks on Form 8606 for Backdoor Roth?

As other posts have indicated, what Turbo Tax is doing is correct. According to IRS Publication 590-B, you need to use a worksheet in the publication if you made contributions to a traditional IRA for a that may not be fully deductible. What lines of Form 8606 are to be filled-in depend on a value ...
by schrute
Thu Oct 11, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Asterisks on Form 8606 for Backdoor Roth?
Replies: 5
Views: 538

Asterisks on Form 8606 for Backdoor Roth?

I noticed on my 8606 that there's asterisks on lines 13 and 16 & 17. Basically it says something referencing Pub 590B Worksheet. Lines 6-12 are blank. In years past they've been filled out. Not sure why recently they've been filled. I understand from other posts on here that it's typical from tax so...
by schrute
Mon Oct 08, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

farnsy wrote:
Mon Oct 08, 2018 9:42 am
If you feel like being super fair, you could index your rent to inflation. It will go up every year by about 2%.
It's already going up every year by 2.5%.
by schrute
Sun Oct 07, 2018 11:37 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

On good terms with the landlord and have lived in flat (his house but my own floor, walk in, etc.) for 5 years. Last year he increased rent +2.5% due to utilities going up. Same thing this year, asking to raise rent +2.5% this year, but asking if he can. He says if we don't want to, we don't have t...
by schrute
Sun Oct 07, 2018 10:44 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

Tico_75 wrote:
Thu Oct 04, 2018 2:46 pm
Tell him no. There is no reason to accept.
True. He could just start being a dick.
by schrute
Sun Oct 07, 2018 10:43 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

This forum seems to be full of people who will go to the ends of the earth to optimize their portfolio to a hundredth of a point but when some landlord comes around asking essentially voluntarily for 2.5% more every month, they're like, "oh, sure, give it to him, preserve the relationship." :oops: ...
by schrute
Wed Oct 03, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Dentist bill came 4-5 months later, is this unreasonable?
Replies: 28
Views: 2281

Re: Dentist bill came 4-5 months later, is this unreasonable?

Our dentist bills always come months later because they wait until they get the insurance reimbursement before they charge. I consider it my courtesy float. Ah got it. Usually mine is taken care of right then and there. I just get cleanings myself. If there's something else that my insurance doesn'...
by schrute
Wed Oct 03, 2018 9:46 pm
Forum: Personal Consumer Issues
Topic: Dentist bill came 4-5 months later, is this unreasonable?
Replies: 28
Views: 2281

Re: Dentist bill came 4-5 months later, is this unreasonable?

Yes, it is very unreasonably delinquent, but many things are unreasonable about health care billing practices, and unreasonable is not the same as invalid, in case that was part of your question. Just make sure they aren't charging you any late fees etc. If they are, you'll probably have to take it...
by schrute
Wed Oct 03, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: Dentist bill came 4-5 months later, is this unreasonable?
Replies: 28
Views: 2281

Re: Dentist bill came 4-5 months later, is this unreasonable?

Are they charging you interest for being “overdue?” If not, I’d let it go. Their software probably just looks at Date-of-Service and Date-bill-printed and voila. As far as “a few” emergency visits? You got away cheaply. The office had to be available, your wife examined for a non-zero amount of tim...
by schrute
Wed Oct 03, 2018 8:02 pm
Forum: Personal Consumer Issues
Topic: Dentist bill came 4-5 months later, is this unreasonable?
Replies: 28
Views: 2281

Dentist bill came 4-5 months later, is this unreasonable?

Dentist sent me a bill 4-5 months later. Going through it says I owe $55 because the SO did a few emergency cares (she freaked out over nothing). In any case at the bottom it says 90 days over due. But the charges to my insurance were a few weeks ago. And the bill date produced at the top was just a...
by schrute
Wed Oct 03, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

Pay the 2.5% to maintain the relationship. Otherwise, as the landlord's costs add up year by year, he will be faced with a dramatic rise in rent (reality check) to keep up. At that point, you will be hit with a large rise or vacate. Relationships are terrific to have but never forget that it's a "b...
by schrute
Wed Oct 03, 2018 12:16 am
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

It really just depends on what the going rate is for a comparable unit in your area. We have a tenant for the last 2 years (great so far knock on wood) that we want to keep so we haven't raised rent and installed central a/c at significant cost to us. I really hope she stays a bit longer. I'd ask t...
by schrute
Wed Oct 03, 2018 12:14 am
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

In that case, focus not on the 2.5% (which basically keeps it in equal-dollars after adjusting for a year of inflation), but rather on the x% the landlord is missing out vs market rate, which you get to keep. For the landlord, they get to keep a good tenant. You, on the other hand, are avoiding the...
by schrute
Tue Oct 02, 2018 10:16 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

Don't anchor on nominal numbers. Keep inflation in mind. What is market rate, if you were to go find something else? If you're below market because of minimal raises in the past, 2.5% is basically inflation to keep paying at the same rate you've been paying. i.e. if you're 10% below market, and *as...
by schrute
Tue Oct 02, 2018 10:13 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

having a good tenant is good, i wouldn't say priceless. You might be pushing your luck, honestly 2.5% is hardly an increase. I just raised my tenants rent by 5%. Is your rent under the market rate? if so, you should perhaps let him raise it, or offer a compromise. oh, just wanted to add, my tenant ...
by schrute
Tue Oct 02, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

bloom2708 wrote:
Tue Oct 02, 2018 9:18 pm
How about a compromise. Hold pat this year. 2.5% next year. :wink:

Unusual that he asks, but nice is nice.
Yeah my thoughts too. Maybe 1.25% ? Or does it make sense to see about holding off?
by schrute
Tue Oct 02, 2018 9:22 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Re: Landlord wants to raise rent, but is asking if he can?

On good terms with the landlord and have lived in flat (his house but my own floor, walk in, etc.) for 5 years. Last year he increased rent +2.5% due to utilities going up. Same thing this year, asking to raise rent +2.5% this year, but asking if he can. He says if we don't want to, we don't have t...
by schrute
Tue Oct 02, 2018 9:13 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5644

Landlord wants to raise rent, but is asking if he can?

On good terms with the landlord and have lived in flat (his house but my own floor, walk in, etc.) for 5 years. Last year he increased rent +2.5% due to utilities going up. Same thing this year, asking to raise rent +2.5% this year, but asking if he can. He says if we don't want to, we don't have to...
by schrute
Sun Sep 09, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum into index fund, or ETF, versus dividend fund or stock
Replies: 5
Views: 480

Re: Lump sum into index fund, or ETF, versus dividend fund or stock

To answer your other questions: 1. No, withdrawal strategies are hotly debated but in general a naive approach of withdrawing a constant 4% is almost never an optimal approach. 2. “Balancing” into a bond fund is exactly the opposite of what you want to do in a downturn. The ideal thing you would do...
by schrute
Sun Sep 09, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum into index fund, or ETF, versus dividend fund or stock
Replies: 5
Views: 480

Re: Lump sum into index fund, or ETF, versus dividend fund or stock

There's a perennial argument about whether there is any advantage at all to using a dividend stock fund and living off the dividends, or just using a total market index fund and setting up automatic withdrawals (which would come partly out of dividends and partly out of capital appreciation). I don...
by schrute
Sat Sep 08, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum into index fund, or ETF, versus dividend fund or stock
Replies: 5
Views: 480

Lump sum into index fund, or ETF, versus dividend fund or stock

I have around $500K cash that I want to grow and eventually live off of in the future. My thought was to let it sit in an index fund or ETF for several years and either liquidate and buy into some dividend stocks or funds (ETF/CEF) and receive a monthly/quarterly dividend. I think the longer term (2...
by schrute
Sat Aug 25, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: 100% in Tech index funds or ETFs?
Replies: 10
Views: 911

100% in Tech index funds or ETFs?

I have some cash that's 100% in a materials stock that looking to sell soon. I had thought about putting 100% into a tech ETF or mutual fund (i.e. VITAX, VGT, FDN) for a few years. I'm fine with taking extra risk here. Or is this buying too much at the top of the bubble?
by schrute
Thu Aug 23, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 22120

Re: Decent compensation to move to Bay Area CA?

I have a family of 4 and we live in Charlotte area. I make ~ $140k annually (can sacrifice my work life balance and make ~160k) as an IT guy (I'm a kind of tech lead \ architect). We live in a $320k 2400 sq ft 4bd house and are able to save few buck into taxable account (401k maxing out as well). I...
by schrute
Mon Aug 13, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Small business owner, mid 30s, doing great, clueless with investments
Replies: 22
Views: 2186

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

Married, two young kids, mid 30s. I am clueless with investments and get paralysis from overanalysis. I watch the broad market daily but have extremely limited knowledge. I own a small home remodeling company that has been growing well the last several years. Annual revenues were $1.89mm last year ...
by schrute
Sat Aug 11, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 92
Views: 9835

Re: Can we afford to stay in HCOL area?

Your child budget feels low to me - though I'm in NY and have just 1 child aged 4, between nanny, school (just pre-school) and activities we're more like $80k/year. Daycare just isn't available in our area and with both parents in careers you need a much higher level of nanny, OT availability etc t...
by schrute
Fri Aug 10, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 38
Views: 8443

Re: Portfolio Review, Age 31, $1.5 million net worth

book lover wrote:
Thu Aug 09, 2018 9:12 am
Definitely get the umbrella insurance, we have coverage through State Farm and have had it for twenty eight years.
How much is it annually and what does it protect you against?
by schrute
Wed Aug 08, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 38
Views: 8443

Re: Portfolio Review, Age 31, $1.5 million net worth

Personal Info Emergency funds: 1 year Debt: None Tax filing status: Single Marginal tax Rate: 35% federal, 10.3% or 11.3% state. I did pay AMT last year. State of Residence: California Age: 31 Desired asset allocation: 16% bonds 25% foreign stocks 42% large cap 11% medium cap 6% small cap I haven't...
by schrute
Wed Aug 01, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Why I left Wealthfront
Replies: 40
Views: 12487

Re: Why I left Wealthfront

Last week, we made the difficult decision to pull all of our money out of Wealthfront and transfer it to Vanguard (after being Wealthfront customers since 2013). Part of it was nasrullah's post about the stock-level lock-in . Part of it was the sudden introduction of Risk Parity (and an 8 bps incre...
by schrute
Wed Aug 01, 2018 12:09 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 370
Views: 50310

Re: MoviePass-Too good to be true, but it's legit.

This actually makes me pretty sad... The wife and kids loved going to the movies on a regular basis and I loved not breaking the bank over crazy concession prices, the kids loved movie-time with us. Adult tickets here run $15-$20 a pop. Oh well, I guess it's back to Redbox and Netflix. :-( Perhaps ...
by schrute
Sat Jul 21, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Hedging Tech Salaries titled heavily in stocks
Replies: 9
Views: 1075

Re: Hedging Tech Salaries titled heavily in stocks

Hi all, My spouse works for a FAANG firm (I used to but now going to join another large tech firm). At the current valuations, for the next four years we would get around atleast $2.5mil+ in stocks (excluding any future refreshers). Our compensation is quite heavily tilted in stocks (base salaries ...
by schrute
Sun Jul 15, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1915

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

I called the IRS, one thing they mentioned for 8606 in line 6, I need to put the balance of all my IRAs. Well, I only have a Roth IRA and I have a balance before 2016, let's say it's $40,000. He mentioned I needed to do that to satisfy this form going out. That line says only traditional and SEP, n...
by schrute
Thu Jul 12, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1915

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Ah, thanks for the response here! The form CP2000 has some income I earned (from AdSense on a 1099) which I didn't record, it was small and I don't contest that part. Is it possible to contest in part and accept in part the tax due? I think so, by saying in your response that you agree with X and d...
by schrute
Sun Jul 08, 2018 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Affording a $1.8-2M house
Replies: 54
Views: 9689

Re: Affording a $1.8-2M house

It sounds like your annual expenses are $90-$120K without mortgage and taking into account 529s. With mortgage (guessing on your 900K house), it's probably closer to $120-$150K and with The 529s it's $140-$170K annually. Does that sound about right? Truthfully, it sounds like you have enough for a d...
by schrute
Sun Jul 08, 2018 12:31 am
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 15504

Re: How to "retire" in your 30's article

A friend of mine got laid off with a severance. He's says he's "retired with an option to return to the workforce". Another friend says when he's on vacation I say that I'm taking a "2 week, temporary retirement". To me, retirement means you're no longer actively working.
by schrute
Sat Jul 07, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor for a Little Bit/One Quarter
Replies: 7
Views: 928

Re: Financial Advisor for a Little Bit/One Quarter

what are you looking for exactly that wasn't answered here: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=248192&p=3982938#p3982938 Have you sold the single stock yet or not? Is the single stock the entire $500,000? Account is worth about $500,000 right now in a taxable brokerage account. It...
by schrute
Sat Jul 07, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Tech tilt as hedge against rising cost of living in Bay Area
Replies: 37
Views: 3137

Re: Tech tilt as hedge against rising cost of living in Bay Area

Lets say someone is planning to live and retire in Bay Area. The cost of living here is skyrocketing and it seems to be correlated with tech stock performance. It is quite common for engineers to earn about half of their seemingly always rising compensation as RSUs. So the better the tech is doing,...
by schrute
Sat Jul 07, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor for a Little Bit/One Quarter
Replies: 7
Views: 928

Financial Advisor for a Little Bit/One Quarter

I'd like to get a financial advisor for a very short term (I've gone into debates on BH about it, I'd rather not use this thread as another debate, roll with it)... Is it possible to work with an FA, get my portfolio setup, and then drop them later if I find it doesn't work out and still stay with t...
by schrute
Wed Jul 04, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: Considering putting monies into an index fund
Replies: 1
Views: 378

Considering putting monies into an index fund

I usually do investments that involve indexes, bonds, CDs, etc. Mostly in my retirement accounts or money I just plan to sock away for the long haul. I also like to do a bit of trading, sometimes day trading, which I've been well, and totally understand the risks (also realize this is very anti-Bogl...
by schrute
Wed Jul 04, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1915

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Chip wrote:
Wed Jul 04, 2018 2:04 pm
schrute wrote:
Wed Jul 04, 2018 2:01 pm
Got it. It's a 1099-MISC so I think I can treat it as misc income, I've done in years past rather than Schedule SE.
Yes, that makes sense. I assume the income is in Box 3 of the 1099-MISC and not in Box 7?
It's in Box 7.
by schrute
Wed Jul 04, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1915

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Ah, thanks for the response here! The form CP2000 has some income I earned (from AdSense on a 1099) which I didn't record, it was small and I don't contest that part. Is it possible to contest in part and accept in part the tax due? I think so, by saying in your response that you agree with X and d...
by schrute
Wed Jul 04, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1915

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

One thing, on the front page of the 1040 in box 15a I have 5,500 (IRA distributions). 15b then has 0 (no taxable amount) . I imagine that part is also correct? Yes, that part is also correct. As I mentioned in another recent thread, your return may be exactly correct yet you get a letter due to an ...
by schrute
Wed Jul 04, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1915

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Thanks. I read the other threads from folks, it seems around how to enter into TT. I actually couldn't find any with screenshots of the "correct" 8606 form or how it should look. Here's a screen shot (Step 5) of a Form 8606 from The Finance Buff (member tfb here). He also produced a nice series of ...
by schrute
Wed Jul 04, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1915

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

This is the time of year these forms come out. If you search for CP2000 in the google box above and look for the threads in 2018, you will find other discussions. Your form looks right to me too. Thanks. I read the other threads from folks, it seems around how to enter into TT. I actually couldn't ...