Search found 257 matches

by MikeZ
Thu Oct 31, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: The lifestyle of an IT Independent Contractor?
Replies: 6
Views: 939

The lifestyle of an IT Independent Contractor?

Some background: I am a Compliance and Security Business Analyst. Six months ago I took on a new job (W2 with full benefits) that was remote. This enabled my DW (she works remote too) and I to live one of our long term goals of being able to do short term rentals in different parts of the country to...
by MikeZ
Tue Oct 29, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Is going off of subsidized COBRA a qualifying event?
Replies: 8
Views: 577

Re: Is going off of subsidized COBRA a qualifying event?

Thanks for correcting my terms.

It looks like from an ACA perspective, it would be a qualifying event (which seems new)

https://www.healthcare.gov/unemployed/cobra-coverage/

But I guess it may not be from an employer perspective.
by MikeZ
Tue Oct 29, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Is going off of subsidized COBRA a qualifying event?
Replies: 8
Views: 577

Is going off of subsidized COBRA a qualifying event?

I was recently laid off from my position. Part of my severance (which I have not gotten the paperwork for yet) is that I will be receiving healthcare coverage through the end of January 2020 (Three Months of Subsidy). The way it was explained to me was that it would be COBRA coverage but that I woul...
by MikeZ
Tue Oct 01, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: Risks with seeing out of network dentist?
Replies: 22
Views: 1343

Re: Risks with seeing out of network dentist?

I just asked the dentist I was interested in, but I knew was out of network, if they took my dental plan. There response was great:

"We are not in their network but for employees of xxxxx we offer to match their in-network rates."

Simple enough.
by MikeZ
Tue Oct 01, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: Ants immune to Terro or just lots of ants?
Replies: 38
Views: 2976

Re: Ants immune to Terro or just lots of ants?

I would check to see if they are white footed ants. Most solutions don't work on them. I had to use termidor sc for those.
by MikeZ
Tue Sep 17, 2019 6:06 pm
Forum: Personal Investments
Topic: Fidelity 401k automatically convert after-tax balances to Roth?
Replies: 19
Views: 1086

Re: Fidelity 401k automatically convert after-tax balances to Roth?

With it being in the plan do the same tax rules apply as if I tried to roll after tax to a roth IRA? yes, the same rules apply as if you did an after-tax contribution to IRA and then rolled over to roth IRA. I don't see any advantage of moving money from Roth 401k to Roth IRA unless you have poor i...
by MikeZ
Tue Sep 17, 2019 3:43 pm
Forum: Personal Investments
Topic: Fidelity 401k automatically convert after-tax balances to Roth?
Replies: 19
Views: 1086

Re: Fidelity 401k automatically convert after-tax balances to Roth?

With it being in the plan do the same tax rules apply as if I tried to roll after tax to a roth IRA?
by MikeZ
Tue Sep 17, 2019 2:39 pm
Forum: Personal Investments
Topic: Fidelity 401k automatically convert after-tax balances to Roth?
Replies: 19
Views: 1086

Fidelity 401k automatically convert after-tax balances to Roth?

My employer, which uses Fidelity, just sent out the the following announcement: New! In-plan Roth features for the Retirement Savings Plan.... is pleased to announce the addition of Roth in-plan conversions and a new opt-in service to automatically convert after-tax balances to Roth within your exis...
by MikeZ
Fri Sep 06, 2019 9:07 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 240
Views: 27196

Re: Index Funds Bubble? [Michael Burry article]

To me the test of this hypothesis would be on how companies management is acting. If in fact, index funds were artificially supporting the pricing of companies, you would think that their managements would become less attune hitting certain performance metrics--because who cares if the buyers of the...
by MikeZ
Wed Sep 04, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3361

Re: How often do you receive out-of-sequence pay bumps?

I have gotten two out of cycle bumps:

25% and 17%

Both times it was by changing employers.
by MikeZ
Thu Aug 29, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Florida Home Insurance Offsets Tax Advantage?
Replies: 28
Views: 2220

Re: Florida Home Insurance Offsets Tax Advantage?

A large portion of the cost of insurance will be determined by the building codes it was built under and distance to the water from a hurricane perspective. A home built after FBC 2004 will save a TON of money on insurance. Older homes may be practically uninsureable except via the state insurance p...
by MikeZ
Mon Aug 19, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: Ethernet, MoCA, House Wiring
Replies: 24
Views: 2116

Re: Ethernet, MoCA, House Wiring

Have you checked your phone wiring? In two of my previous homes I was pleasantly surprised to find them wired with Cat5.
by MikeZ
Wed Aug 14, 2019 8:48 am
Forum: Personal Investments
Topic: Brokeragelink automatic rebalancing?
Replies: 1
Views: 159

Brokeragelink automatic rebalancing?

Does anyone with Fidelity Brokeragelink know if it supports a way to automatically rebalance?
by MikeZ
Mon Aug 05, 2019 6:45 pm
Forum: Personal Investments
Topic: Moving to 3 Fund Portfolio, Mega Backdoor, and other questions
Replies: 6
Views: 551

Re: Moving to 3 Fund Portfolio, Mega Backdoor, and other questions

The "mega back door" and the "back door" are two entirely different things. There is no indication from your post that you are eligible to use the mega back door. Are you? Which kind? If you just meant a "big back door", that's not really an option since the limit you can contribute is $6k each. Ye...
by MikeZ
Mon Aug 05, 2019 7:06 am
Forum: Personal Investments
Topic: Moving to 3 Fund Portfolio, Mega Backdoor, and other questions
Replies: 6
Views: 551

Moving to 3 Fund Portfolio, Mega Backdoor, and other questions

Some background. I’m 35, Married with no kids. No debt. I just change jobs to a remote job making $115,000 and sold my home for a profit of $153,500. We are traveling the US, renting short term until we figure out where we want to live and having a little adventure along the way. Below are the numbe...
by MikeZ
Wed Mar 20, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Do I have an old HSA? Searching for if I have a dormant account
Replies: 3
Views: 168

Re: Do I have an old FSA? Searching for it I have a dormant account.

mighty72 wrote:
Wed Mar 20, 2019 10:50 am
In most cases, FSA amount expires at the end of the year. In some cases, a small amount can be carried over
Sorry, edited to change that to HSA.
by MikeZ
Wed Mar 20, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Do I have an old HSA? Searching for if I have a dormant account
Replies: 3
Views: 168

Do I have an old HSA? Searching for if I have a dormant account

Backstory. I was layed off from my employer about 10 years ago. This happened a few days after the new benefits year had started. I just remembers (hazily) a few details about the benefits I signed up for that coming year. It was the first year they went to a high deductible plan and they were offer...
by MikeZ
Mon Mar 18, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Picking between two job offers...
Replies: 12
Views: 1409

Re: Picking between two job offers...

I should add the following: My DW are I are both very excited about the prospect of working remote. We live in our current city for my current employer only and we would love to cash out the appreciation of our house that we bought as a foreclosure 7 years ago. Also we would likely park that equity ...
by MikeZ
Mon Mar 18, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Picking between two job offers...
Replies: 12
Views: 1409

Picking between two job offers...

This forum and it's members have always impressed me so much in the thoughtfulness of everyone's contributions. With this I wanted to get everyone's thoughts on a decision I need to make soon: I am 34, Married with no kids. For a variety of reasons, including general boredom and uncertainty of how m...
by MikeZ
Fri Mar 15, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Economics/life of Full time RV ownership while working?
Replies: 4
Views: 698

Economics/life of Full time RV ownership while working?

My DW works remotely and I will be receiving an offer for a remote position myself (tbd on whether I accept). We don't have kids, just two dogs, and are in our mid-30's and have already decided that if we go this route we would be selling our home and moving somewhere else. That said my DW has a buc...
by MikeZ
Wed Feb 06, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to do a quick and dirty heath insurance estimate?
Replies: 2
Views: 351

How to do a quick and dirty heath insurance estimate?

I may be receiving a job offer soon from a company that may or may not provide health insurance as I would be one of their few US based employees. Always worked at megacorps with good benefits. Currently have coverage for my DW and myself we are in our mid 30's. My share is about $5k annually and th...
by MikeZ
Wed Feb 06, 2019 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 109
Views: 12044

Re: Need Help - DW Laid Off and Company wants her back now

If they want her back, ask why she was consider to be laid off in the first place. Yes I understand it was a 'mistake' but tell me the criteria that let me being considered being laid off in the first place? I would like to stay but I need to understand why this happened in the first place to make s...
by MikeZ
Tue Feb 05, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Salary and Benefits of Canadian based employer
Replies: 0
Views: 124

Salary and Benefits of Canadian based employer

I am a US citizen currently talking to a small Canadian based company that has a small US corporate presence. They are a nitch IT services business that is looking for additional talent outside of what they have been able to find locally to remotely support their clients (mostly Canadian, but some U...
by MikeZ
Tue Dec 18, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Rules for tax/repaying premature IRA withdrawal due to Hurricane Irma?
Replies: 2
Views: 317

Re: Rules for tax/repaying premature IRA withdrawal due to Hurricane Irma?

So here is what I don't understand: https://www.congress.gov/bill/115th-congress/house-bill/3823 (Sec. 502) This section waives the 10% additional tax on early distributions from retirement plans for up to $100,000 in distributions made on or after August 23, 2017, and before January 1, 2019. The di...
by MikeZ
Wed Dec 05, 2018 11:02 am
Forum: Personal Consumer Issues
Topic: Toyota Camry Hybrid and Extended Warranty
Replies: 15
Views: 1592

Re: Toyota Camry Hybrid and Extended Warranty

I didn't do this intentionally, but lets pretend I did to make me look smart :D When I was negotiating for a car, I spent a lot of time looking at the extended warranties and thought a lot about getting one. Then I negotiated the price of the car and got a good deal. Once I was signing my paperwork ...
by MikeZ
Sat Nov 24, 2018 9:31 pm
Forum: Personal Consumer Issues
Topic: Networth to buy a dual turboprop aircraft?
Replies: 72
Views: 9759

Re: Networth to buy a dual turboprop aircraft?

I would add a few more questions to the OP:
1. How far away of a trip are you needing to make? What kind of airports?
2. Weather in the area?
3. Any way you would have a business purpose for it?
4. Are you willing to NOT fly/be stuck when you are outside of your comfort zone?
by MikeZ
Tue Nov 20, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Side Business Idea feedback please: Road Warrior School
Replies: 8
Views: 1039

Side Business Idea feedback please: Road Warrior School

I wanted to pitch a side business I had to see if the people here would see a market for the service. I was thinking of starting "Road Warrior School" basically a training for people in high travel industries (public accounting, sales, consulting, etc) that provides an overview of maximizing hotel a...
by MikeZ
Tue Nov 20, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: Parents wants to sell apartment triplex
Replies: 7
Views: 1329

Re: Parents wants to sell apartment triplex

The sale price in part will be impacted by the amount it rents for, so I would check to make sure the rents are at market.
by MikeZ
Wed Nov 07, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash in online account with no local branch
Replies: 45
Views: 5034

Re: How to deposit cash in online account with no local branch

You could get an American Express Serve card. It's meant for individuals without bank accounts, it's a stored value card that can be loaded with cash at a lot of retailers (7-11, Walmart, Dollar General, etc.) the online web portal lets you transfer your balance to another checking account. It's com...
by MikeZ
Wed Nov 07, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Rules for tax/repaying premature IRA withdrawal due to Hurricane Irma?
Replies: 2
Views: 317

Rules for tax/repaying premature IRA withdrawal due to Hurricane Irma?

I had to take an IRA withdrawal due to Hurricane Irma. When I read the IRS document at the time it said that: 1) The penalty is waved 2) The tax could be paid over 3 years 3) The amount could be re-contributed up to three years latter. Now that I'm starting to get my ducks in a raw, is there any goo...
by MikeZ
Wed Nov 07, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Penfed Rewards Card - Gas purchase rewards question
Replies: 21
Views: 1313

Re: Penfed Rewards Card - Gas purchase rewards switcharoo

I don't hold the card but the basic reason why this happened is that a ton of people bought gift cards at gas stations to get the 5% back, some were reselling them in volume for a profit.
by MikeZ
Tue Nov 06, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7960

Re: Never thought of living in Bay Area but just got a call from Tesla

I have a mix of IT governence and security investigation that lines up nicely with the role plus I come from an Aerospace and Defense background so I guess that gives me a aura of dealing with sensitive matters even though I'm not cleared.. I wish Tesla all the best but I'm not a fan per se, I would...
by MikeZ
Tue Nov 06, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7960

Re: Never thought of living in Bay Area but just got a call from Tesla

Mostly chronic pain. No longer term issues just not always able to get out and about. Mostly worried in case we get a place too small and she gets cabin fever.
by MikeZ
Tue Nov 06, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7960

Re: Never thought of living in Bay Area but just got a call from Tesla

thatme wrote:
Tue Nov 06, 2018 1:56 pm
MikeZ wrote:
Tue Nov 06, 2018 1:54 pm
Usually home by 5:40 each night.
The COL is what it is -- but the above, assuming you want to keep that work/life balance, is why I would stay far away.
No kids. Wife with health issues.
by MikeZ
Tue Nov 06, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7960

Never thought of living in Bay Area but just got a call from Tesla

I've always been a LCOL lover for my entire life. Make a decent salary. Have a house way bigger than I ever need with a PITI that is 30% of my take home pay. No state income tax. 5 mile commute to work. Usually home by 5:40 each night. Always thought I would stay this way. But I just got contacted b...
by MikeZ
Sat Aug 25, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: building apartment complex....advice needed
Replies: 5
Views: 944

Re: building apartment complex....advice needed

Can you provide some more details? What sized complex are you envisioning? Do you already have a site purchased?
by MikeZ
Thu Aug 23, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Business Travel as an independent Contractor
Replies: 4
Views: 753

Re: Business Travel as an independent Contractor

How often do you travel? Does the client cover expenses?

Might want to look into the citi prestige 4th night free benefit.
by MikeZ
Wed Aug 22, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: I love my job but DW hates location and I'm underpaid
Replies: 28
Views: 3273

Re: I love my job but DW hates location and I'm underpaid

So some background. I live in FL and make around $95k in IT security. I like my job a lot and while there is some risk because of a project I'm working on is likely to be a failure. That said I feel that I have a good reputation with leadership and the general thought is if it fails it would becaus...
by MikeZ
Wed Aug 22, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: I love my job but DW hates location and I'm underpaid
Replies: 28
Views: 3273

Re: I love my job but DW hates location and I'm underpaid

What industry are you currently doing IT Security in and do you have any of the certifications (e.g. CISSP, GSEC, etc.)? I've seen a lot of demand for IT Security, particularly for CISO type positions in the northeast. If you are open to work travel, have you considered joining one of the large con...
by MikeZ
Wed Aug 22, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: I love my job but DW hates location and I'm underpaid
Replies: 28
Views: 3273

Re: I love my job but DW hates location and I'm underpaid

Approach them about telecommuting ASAP. Once you settle in on a place to live, can always job hunt places that may value you more while still allowing you to telecommute. There is no such thing as "locking in your underpaid wages" unless you sign a lifetime contract as part of your negotiations. It...
by MikeZ
Wed Aug 22, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: I love my job but DW hates location and I'm underpaid
Replies: 28
Views: 3273

I love my job but DW hates location and I'm underpaid

So some background. I live in FL and make around $95k in IT security. I like my job a lot and while there is some risk because of a project I'm working on is likely to be a failure. That said I feel that I have a good reputation with leadership and the general thought is if it fails it would because...
by MikeZ
Fri Aug 03, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing for manager level position when never had direct reports
Replies: 7
Views: 1014

Interviewing for manager level position when never had direct reports

From a professional experience perspective, I've always worked in a matrix role supporting various projects across teams. That said, I'm hitting the ceiling of a individual contributor role salary and while I have been told HR and my management that I am considered a preferred candidate for a manage...
by MikeZ
Mon Jul 30, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve travel insurance
Replies: 33
Views: 4139

Re: Chase Sapphire Reserve travel insurance

Had CSP and wife was hospitalized while in Germany. We had to cancel the rest of the trip and fly back early. Travel insurance covered the remaining hotel nights (hint: cancel, don't no show) and the original non-refundable flight back. A few grand. It look a lot of paper work though, confirmations ...
by MikeZ
Wed Jul 25, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Cashing in old savings bonds: Payable to me or my mother--Tax Question
Replies: 2
Views: 462

Cashing in old savings bonds: Payable to me or my mother--Tax Question

I am about to cash in some older savings bonds that were gifts when I was born. In reviewing them, some are payable to only me and some are payable to me or my mother. She would be in a lower income bracket than me. So straight forward question: Can she deposit them, pay the taxes at her rate, and t...
by MikeZ
Thu Jul 05, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Advice For My Side Business - Reselling Used Electronics
Replies: 14
Views: 1540

Re: Advice For My Side Business - Reselling Used Electronics

I did this as my own business when in college, during the early days of eBay when you could still go to pawn shops and thrift stores and score huge scores (more than a few $15 purchases that sold for $700+). Let me set some expectations: 98 percent of stuff that is discarded is for a reason: it has ...
by MikeZ
Wed Jul 04, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Getting an IT security job in Huntsville without a clearance
Replies: 5
Views: 1082

Getting an IT security job in Huntsville without a clearance

I've been seriously been considering moving to Huntsville so my DW can be closer to her family. I currently work in Identity and Access management and prior to that IT audit. The problem is that just about every single IT security position in Huntsville lists a security clearance as a requirement to...
by MikeZ
Fri May 18, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: Best personal network cloud solution?
Replies: 1
Views: 424

Best personal network cloud solution?

I recently bought a Asus router with AiCloud that seems to be close to what I want as far as being able to attach an external hard drive and access the files on any device anywhere. I also have a Raspberry Pi with the intentions of playing around with it. My main requirement is that I want a persona...
by MikeZ
Thu May 17, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Buying land in central FL
Replies: 55
Views: 6680

Re: Buying land in central FL

Remember there is a HUGH difference between land and build-able land! Most of the costs of making lank build-able include roads, utilities, etc. If there is no sewer and the geology does not allow for a septic,you are looking at something close to worthless. If there is no road up to the property, f...
by MikeZ
Thu May 17, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: MUSING: Working Remotely For Current Job and Own Cabin Rentals
Replies: 2
Views: 457

MUSING: Working Remotely For Current Job and Own Cabin Rentals

Wanting to share a serious musing that I have been thinking about career wise. I like my job. I have a good employer but overall I'm slightly under market (~15%) and the long term prospects comp wise are basically COLA. I know the one alternative to this is to switch employers. That another has been...
by MikeZ
Mon Apr 30, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 147
Views: 19798

Re: New Car: Ever make sense to lease?

So I have to say that I used to hate the idea of leasing, but then I really started to warm to the idea. The main thing that got my attention was when I did the math on my first car out of college. A 2004 Mazda 3 hatchback. I bought it in 2007 with about 58k miles for $12,500. I figured that was a s...