Search found 503 matches

by crit
Wed May 13, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 308
Views: 30244

Re: College in fall

If you can broaden your scope beyond your students and think about the other human forms on campus -- who may be more at-risk healthwise than students? -- Every fall & winter, every class is full of hacking and sniffling and sneezing. It's the soundtrack to college instruction. I will avoid going in...
by crit
Mon May 11, 2020 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up wife after devorce
Replies: 45
Views: 5907

Re: Setting up wife after devorce

jb1 wrote:
Mon May 11, 2020 3:52 pm
Divorce at age 64, and now you have to give her your hard earned money.
It is so, so infuriating to be a woman sometimes .... all the times, actually, especially here and now.
by crit
Tue Apr 07, 2020 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14395

Re: What have you learned from this situation that you will take action on?

I leaned that I need to go outside. I releaned that I married the right person. I learned that millions of people unemployed and people dying by thousands result in market bull runs. Can't stop progress! Bright future ahead! Party on, Garth! Cheers, everyone! I'll take action on that as soon as I ge...
by crit
Tue Mar 17, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can’t believe I am about to Pay-off a 2.75% Mortgage
Replies: 25
Views: 3447

Re: Can’t believe I am about to Pay-off a 2.75% Mortgage

Honestly, I'd wait a year for liquidity reasons.
by crit
Tue Mar 17, 2020 9:32 pm
Forum: Personal Consumer Issues
Topic: Courses gone online, how to conduct exams?
Replies: 35
Views: 1044

Re: Courses gone online, how to conduct exams?

Two things: you need to design open-book exams, and you need to relax your expectations.

I'd probably do something like email out an exam and have answers due in 3 hours, but even that is iffy (things and childcare happen).
by crit
Mon Mar 16, 2020 12:44 am
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 25892

Re: Who is staying course and how are you dealing with net worth going down?

Just for counting purposes: we did not stay the course. Not out of fear, or needing the money. Or an incorrect AA. This thing is truly huge,. It's nowhere near priced in because we've been intentionally deprived of the information necessary. The amount of head in sand is insane. I don't care about t...
by crit
Thu Mar 12, 2020 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 350
Views: 39629

Re: My LenderFi refinance is going well

I unlocked my credit, but have heard nothing and read that rates have gone up so I'd guess I did not win the dice roll here.
by crit
Wed Mar 11, 2020 2:28 pm
Forum: Personal Investments
Topic: Rant about depressing portfolio returns
Replies: 37
Views: 2788

Re: Rant about depressing portfolio returns

Well, consider the alternate scenario: you posted a question here about saving a down payment on a house, and asked what to do with it for a few years. You would have gotten answers of: put it in a savings account or maybe a CD but don't expect much, and for *sure* don't go investing it, because you...
by crit
Wed Mar 11, 2020 12:19 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 350
Views: 39629

Re: My LenderFi refinance is going well

Loan is 210k. Can't remember the APR, but it was about $5k to get it down to 2.25, no-cost was 2.6ish? I should have screenshot the page, obvs. But this would break even in about a year, and save us 50k over the loan we have now, 6 years into 3.44. we'll see, and wait if we must.
by crit
Tue Mar 10, 2020 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 350
Views: 39629

Re: My LenderFi refinance is going well

I applied at LenderFi on Friday, so "in before the lock", but I didn't upload any docs? And they won't have been able to check my credit because it's locked down. So we'll see if I get my 15-year at 2.25 (LTV 60%, excellent credit, state of PA).
by crit
Fri Mar 06, 2020 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1582
Views: 144936

Re: Refinance Mega Thread

I'm thinking about refi. Currently have 3.44%, $210k balance, house ~$350k, in PA, excellent credit & income. We're 5 years into a 30-year. We can afford a 15-year payment. Costco online gave me best quotes of 3.375% for a 30 year and 2.99% for a 15-year. This doesn't seem that great. Where else sho...
by crit
Tue Jan 07, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Picking a Realtor
Replies: 36
Views: 2410

Re: Picking a Realtor

Look on Zillow, where you can drill down in each realtor's profile on a map to see where there recent sales are. It's a bit of a pain, but worth spending the time. You want the person who sells your neighborhood.
by crit
Fri Jan 03, 2020 12:18 am
Forum: Personal Investments
Topic: Backdoor Roth: Questioning Traditional Advice on Step #1
Replies: 20
Views: 1343

Re: Backdoor Roth: Questioning Traditional Advice on Step #1

retiredjg wrote:
Thu Jan 02, 2020 7:59 pm
...the taxable gain is attached to a 5 tax year clock. The original contribution is not attached to the clock, but but you cannot take it out of the Roth IRA until you take out the part that does have the clock.
I didn't know that - thanks for bringing it up.
by crit
Mon Dec 30, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: employee stock options question - downside ?
Replies: 19
Views: 1393

Re: employee stock options question - downside ?

Exercising when the valuation is at or below your strike can make sense as you’ll owe no income taxes to exercise, and additional growth between exercise and sale will be long term gains. This doesn't make sense. If you have an option (employee or non-employee) to buy stock at a strike price of $10...
by crit
Sun Dec 29, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: employee stock options question - downside ?
Replies: 19
Views: 1393

Re: employee stock options question - downside ?

It sounds like you need to decide if and/or how you will receive pay, at the core of it. It's worth stepping back to recognize the concentration risk. That is, do you want your income *and* some percent of your net worth to depend a single company? The standard answer here is "no", and many people w...
by crit
Sat Nov 23, 2019 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Husband's Surprise Debts
Replies: 183
Views: 19683

Re: Help: Husband's Surprise Debts

You're obviously not going to divorce him; no use talking up that tree. Neither you nor he will let you take the reins. Neither you nor he seems to fully understand or explain the income and debt and expense/leak situation here. It honestly sounds to me like a lot of willful ignorance on both sides....
by crit
Sun Nov 17, 2019 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Engineering an exit and preparing financially
Replies: 14
Views: 3493

Re: Engineering an exit and preparing financially

"it me", as kids these days say. We are a dink couple of startupland + tenured academic. The three things on my mind: make sure your 401k is front-loaded, that is, fully funded with Jan and Feb paychecks. You lose access to that space with the job. Make sure you max the 403b contributions, even if i...
by crit
Fri Nov 15, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying a large tax bill
Replies: 42
Views: 3174

Re: mechanics of paying a large tax bill

We left withholding numbers same as last year, but we will earn and withhold less in absolute numbers due to my leave. Our withholdings this year were appropriate for this year's regular income. Because of our income, we'd need to hit 110% of last year's tax due, so the gap between 110% of last year...
by crit
Fri Nov 15, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying a large tax bill
Replies: 42
Views: 3174

Re: mechanics of paying a large tax bill

I don't think we can make up the gap to 110% by sending all income to withholding now. I'm checking the numbers twice, though.
by crit
Fri Nov 15, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying a large tax bill
Replies: 42
Views: 3174

Re: mechanics of paying a large tax bill

The problem with the $25k/quarter payments is that we did not anticipate the Great Taxable Event in July. I cannot see a world in which I would have paid $25k to IRS in April, for no taxable reason at that time.
by crit
Fri Nov 15, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated taxes, safe harbor question
Replies: 8
Views: 775

Re: Estimated taxes, safe harbor question

The penalties on the missing estimated taxes are much smaller than the penalty on the Big Event, so that is what I'll aim at, I think.
by crit
Fri Nov 15, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated taxes, safe harbor question
Replies: 8
Views: 775

Re: Estimated taxes, safe harbor question

Suggestion: Do what you can to catch up to the safe harbor, i.e. set the entire amount of remaining paychecks to be withheld, and/or make payments now and in January I think I'm still confused on: will getting the total of an estimated payment in+ any additional witholding add up to 110% of last ye...
by crit
Fri Nov 15, 2019 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Estimated taxes, safe harbor question
Replies: 8
Views: 775

Re: Estimated taxes, safe harbor question

I don't think that's possible.
by crit
Fri Nov 15, 2019 1:06 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 72
Views: 5546

Re: How to combine finances with your spouse? Recently married/early30s

I eased into joint finances as an established adult myself, so I understand where you are. I'll try not to give you 20/20 hindsight, either! The simplest thing to do would be to open a new account in one person's name, and treat it like a joint account -- each of you deposits to it monthly, and you ...
by crit
Fri Nov 15, 2019 12:51 am
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying a large tax bill
Replies: 42
Views: 3174

Re: mechanics of paying a large tax bill

It's the transfer between our taxable at vanguard and my check-writing account that I'm worried about getting held up (the bank won't know it's my taxes getting transferred), and wondering whether there's another way.

I've posed the safe harbor question separately.

Thanks for the replies.
by crit
Fri Nov 15, 2019 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Estimated taxes, safe harbor question
Replies: 8
Views: 775

Estimated taxes, safe harbor question

For FY 2018, adjusted gross income was over $150k. Our tax owed was ~4k less than tax paid; we were just within the safe harbor 90% limit. For FY 2019, we had a Great Taxable Event in July. Our regular income is slightly lower for 2019, and we did not change our withholding %s. We will not have with...
by crit
Fri Nov 15, 2019 12:00 am
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying a large tax bill
Replies: 42
Views: 3174

Re: mechanics of paying a large tax bill

Everything I've read about estimated payments says they have to be (mostly) equal, so I'm assuming a $100k payment on Jan 10th is problematic? Or will that fix the safe harbor problem?
by crit
Thu Nov 14, 2019 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying a large tax bill
Replies: 42
Views: 3174

Re: mechanics of paying a large tax bill

I don't have a cc with a limit anywhere near what we're going to owe. Sounds like certified check will do it, and I'll have to get started on the transfer ahead of time in case the bank flags and holds it. In regards to safe harbor, I'm a bit worried about it actually. We owed ~4k (tax due was 4k ov...
by crit
Thu Nov 14, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying a large tax bill
Replies: 42
Views: 3174

mechanics of paying a large tax bill

We expect to owe six figures in taxes for FY2019 from an incentive stock option purchase. I have the money set aside (proceeds from a sale) in VMXX in our taxable at vanguard. How does it work - I'll move it to cash, then a large ACH pull from that account? Threads about banks flagging and holding l...
by crit
Tue Aug 27, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Billing Dispute/High Spender/WWYD - RESOLVED
Replies: 36
Views: 4489

Re: Credit Card Billing Dispute/High Spender/WWYD

BoA appears to have a procedure for this kind of dispute and any others, like fraud. There's actually a thread on Reddit/PF where a poster had someone fraudulently take a withdrawal from their bank account by walking in an east coast branch and simply filling out and signing a withdrawal slip. No i...
by crit
Sun Aug 11, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: How should my Spouse and I handle a $300,000 Settlement?
Replies: 119
Views: 7726

Re: How should my Spouse and I handle a $300,000 Settlement?

I sold the Civic and the old M3. I now have an M4. I only have one car to my name. She does not have the Tahoe anymore. I stopped paying for it and she let the bank take it, because she could not afford the vehicle and it was worth far less than she owed. She bought a Jeep with an outrageous intere...
by crit
Tue Jun 11, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 21793

Re: Paying for rent is throwing away money...myth?

There's a lot of good pro/con discussion even on the first page. And I agree that it's just another set of pros/cons -- there is no single answer. One thing that I feel like is underappreciated: my parents (Boomers) saw incredible appreciation over their working lives by buying a home. They strongly...
by crit
Tue Jun 11, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Visa credit limit
Replies: 48
Views: 5890

Re: Costco Visa credit limit

Update: I had done the online "request" (no credit pull) before I posted this thread, and was turned down b/c I'd requested it within 6 months. I called just now. The first person gave me a $2k increase just for calling (no credit pull). I told them: no, this is ridiculous, I will take my transactio...
by crit
Mon Jun 10, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Visa credit limit
Replies: 48
Views: 5890

Re: Costco Visa credit limit

Yes, I had Costco Amex before it became the Citi Visa. I can't remember what my limit was there. While I'm winging away at things that annoy me: when I ask for a credit increase they ask what my income is. I tell them. But they never ask for it to be substantiated (and it doesn't appear on credit/fi...
by crit
Mon Jun 10, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Costco Visa credit limit
Replies: 48
Views: 5890

Re: Costco Visa credit limit

OP, do you have a lot of spending on other cards? Are you bumping up to your total lines across all the cards? Does your income vary a lot year to year? Any active civil suits against you? Large loans/mortgages? No spending on other cards -- this is my daily spender. I have a handful of other dorma...
by crit
Mon Jun 10, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Costco Visa credit limit
Replies: 48
Views: 5890

Costco Visa credit limit

I have both a Citi double cash card and a Costco Visa. The latter is my main card, for its rewards. I've had them for a few years now. But Citi is kneecapping me with their credit limits. I think I started out at $2k on the DC card! I've consistently applied (both the 'fast approval' and the credit ...
by crit
Sun May 05, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 5567

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

As two high-income individuals with careers as physicians I don't see much reason to marry until you decide to have children. I agree with this most of all, but: My spouse and I married after 15 years together and already committed, mainly due to a health event and the realization of how that could...
by crit
Sun May 05, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Exercising ISO options: what is the IRS's wisdom?
Replies: 13
Views: 912

Re: Exercising ISO options: what is the IRS's wisdom?

OK, so first you should know how the AMT is calculated. It's based on deductions, -not- explicitly on income. The law basically says: compute your total income tax by two different methods, and pay the higher one. The AMT uses a different set of deduction rules than the regular tax: for AMT calculat...
by crit
Thu Apr 25, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for ISO exercise (ouch, the AMT)
Replies: 8
Views: 1250

Re: Plan for ISO exercise (ouch, the AMT)

Thanks much for your eyeballs and input, deanmoriarty.

We'll definitely check whether spouse's employer would buy back some shares. If I remember they do at least have right of first refusal.
by crit
Wed Apr 24, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Plan for ISO exercise (ouch, the AMT)
Replies: 8
Views: 1250

Plan for ISO exercise (ouch, the AMT)

Spouse and I have come up with a plan to buy stock options while minimizing (real) cost to us. I’d appreciate the eyeballs of Bogles experienced in this matter. The company is private, and in the tech space. The options are ISOs, and do not get taxed upon exercise, but the bargain (gain) element is ...
by crit
Thu Apr 18, 2019 7:11 pm
Forum: Personal Investments
Topic: Close to Roth contribution income limit - options?
Replies: 7
Views: 457

Re: Close to Roth contribution income limit - options?

That changes the question. I answered assuming the original poster did not have a traditional IRA, because the question focused on Roth contributions.
by crit
Thu Apr 18, 2019 7:05 pm
Forum: Personal Investments
Topic: Close to Roth contribution income limit - options?
Replies: 7
Views: 457

Re: Close to Roth contribution income limit - options?

There is no cost, literal or figurative, for doing the backdoor procedure now. You may as well go ahead, and then you won't have to worry. If you can deduct the tIRA and then immediately convert it, it seems you have the best option? But don't keep money in a traditional IRA, if you expect you'll ne...
by crit
Thu Apr 18, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Marketwatch Article on Back Door Roths
Replies: 12
Views: 1766

Re: Marketwatch Article on Back Door Roths

Ouch, that's painful. Potentially very painful, in fact!
by crit
Thu Apr 18, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 3044

Re: Insurance Advice after bicycle accident

My wife was with a cycling group this past Sunday and collided with a car. This accident involved another cyclist who arguably caused the whole accident The investigating officer said he did not ticket the driver because it didn't appear he broke any laws. Based on what I saw and what other witness...
by crit
Wed Apr 17, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 3044

Re: Insurance Advice after bicycle accident

Cyclist here. I would absolutely not go after a driver who was not at fault. In fact, it sounds like the group of cyclists kind of ganged up on the driver here. Not cool. And just because there was a car involved doesn't mean that car is the deep pockets. I would consider, maybe, on the outside, if ...
by crit
Fri Apr 12, 2019 7:38 pm
Forum: Personal Investments
Topic: Please wrap your Boglehead around this
Replies: 31
Views: 6502

Re: Please wrap your Boglehead around this

Now that your questions have been resolved ... I will beseech you to not ever ever hedge your thoughts with "but I'm a woman", ever again. I'm not sure what stereotype you were working for or against there, but regardless of your own insecurities, you're doing a grave disservice to other women by st...
by crit
Mon Apr 08, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Question on Purchase that Fell Thru
Replies: 25
Views: 1989

Re: Real Estate Question on Purchase that Fell Thru

If the sellers -magically- give you another chance to match the "higher offer" ... Insist on a notarized copy of that other offer.
by crit
Mon Apr 01, 2019 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: 30yo Checking In
Replies: 20
Views: 2995

Re: 30yo Checking In

Agree with increasing retirement. You lose access to that space every year - you can't make up for it later.
by crit
Sun Feb 24, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 451
Views: 68439

Re: Losing a job in your 50's...

Spouse and I both have siblings who have recently lost corporate jobs at age 50. One somewhat expected, one entirely unexpected.

So, wise fellow bogles, what should we say? What should we not say? What did you want to hear?
by crit
Fri Feb 22, 2019 3:05 pm
Forum: Personal Investments
Topic: Couple years in the making, porfolio review time!
Replies: 11
Views: 1793

Re: Couple years in the making, porfolio review time!

Well, the freedom fund 2005 is close to 50% bonds and ER of .19, so that's one option for her 401k.