Bogleheads.org

2tall4economy

I never really bargained when growing up in the us. When I lived overseas I’d bargain all the time on everything. Thinking back I think it’s something like - when I was overseas I experienced many occasions when the color of my skin (blazing white) or my look was clearly foreign and prices weren’t l...

2tall4economy

Three step plan for you: 1. Get your CPA 2. Get into a larger company, ideally publicly traded 3. Move into FP&A For someone who doesn’t like stress or communication step 3 is a non starter. It’s got both in spades. Good career path though otherwise. I do think government work is best for you. It’s...

2tall4economy

Unless you just started working your savings vs your salary ratio is pretty poor at your age. I was about 7x annual w2 salary in net worth excluding home when I was in my late 30s. You’re 3x. Watch your spending closely, cut back, maybe even consider selling the house for something more reasonable (...

2tall4economy

Math has always come very easily for DS and he has no interest whatsoever in anything STEM. Anyone have any input on which degree (Finance or Accounting) would offer better future opportunities? Megamill, With an accounting degree, you can move into the finance field in the future. But, you cannot ...

2tall4economy

Unless I was a retiree that needed significant help managing maintenance due to medical conditions, I would never, ever, ever, buy a condo instead of a house. Hoa fees are just maintenance. Maybe there is a small gain from aggressive negotiation by a combined buyer of services for the complex but if...

2tall4economy

NYC rent to buy ratio is vastly in favor of renting vs owning, so the best answer is to sell it and then invest the proceeds as needed.

Apply for Medicare and related for your parents if possible.

Good luck.

2tall4economy

caveat that I’m a “car guy” that Overspends on cars. The last two cars I bought were 2% of my net worth. I went nuts and got a car recently that was 4% of my net worth. It felt good To live the wild life but still made me hate myself a bit for the excess. I have dreamed for 20 years of owning a spe...

2tall4economy

The last two cars I bought were 0.2% of my net worth. I went nuts and got a car recently that was 0.4% of my net worth. It felt good To live the wild life but still made me hate myself a bit for the excess. I have dreamed for 20 years of owning a specific car that is now 1% of my net worth. I’ve sti...

2tall4economy

I had an IRA at Vanguard that was a rollover for my 401k plan at a former employer. I moved all my money (except this) from them to Fido since my new 401k is with Fido. Fido got the check made out to them and then told me I need a qualification letter. My heart sank because I've tried to get somethi...

2tall4economy

I’m 42 now. Happy to still be waiting for the moment because that means my salary keeps growing as fast or faster than the stock market.

I suspect I’ll never cross the threshold until the day I retire. I certainly hope so

2tall4economy

You are under a couple of misconceptions. There is only a single employee elective contribution limit (2019 = $19K) across all 401k, 403b, SARSEP and SIMPLE IRAs. However, there is a separate compensation limit (2019 = $280K) and employee + employer annual addition limit (2019 = $56K) for each unaf...

2tall4economy

I did it as a Fortune 500 executive. Title was director when I initially made it but title inflation means the just being called a director doesn’t break $500k (in 2 of my 3 Fortune 500 employments a director is a step (the important step) below executive). You’ll know you’re an executive when your ...

2tall4economy

Hello - I'm doing my withholdings for my new employer's 401k and am struggling to make sure that I'm managing to the $280k IRC limit; in that it will not be exceeded. Goals, in order of priority: Get max match Get max pre-tax $19k Get max IRC contribution limit ($56K) through after tax Some numbers:...

2tall4economy

Wife and I tried split finances while dating and the first couple years of marriage. She chose to stop working abruptly after getting married (immense friction caused). My choice was divorce or living with it. I chose to live with it. The resentment is mostly gone now. Mostly ;) Wife has a tough tim...

2tall4economy

I understand that people on this board look at paying financial firms in a negative light. But in this case, you need a bespoke product. What is the point of the industry if not to provide solutions like this? And yes, that will cost you money. You just have to decide if that premium is worth it to...

2tall4economy

Are full service brokers the only option? I’m allergic to them.

2tall4economy

As you may have seen in my other thread, I've been undergoing a job search for a while. After starting and stopping and a few players switching out I finally had a couple put their money where their mouth is. I'll restart the old thread on the other decision, but something came up in the offer that ...

2tall4economy

Depends on how I end up retiring; before I get “my number”, at my number, or if for some reason I enjoy what I’m doing so much I get more than my number. I’ve divided by / below for each. Do you plan to live a better lifestyle than you do now? No / yes (need to define) / yes Do you plan to travel? Y...

2tall4economy

Thanks, that's what I needed!

2tall4economy

If your 401k plan only accepts IRA rollovers from rollover IRAs (aka conduit IRAs), if the TIRA that receives the rollover from the plan has ever received a regular IRA contribution (not a rollover), it is not a conduit IRA and you cannot roll those earnings back into the 401k. This is a restrictiv...

2tall4economy

I'm doing a few rollovers and want to make sure I don't trip up on any rules before I pull the trigger. I read the IRS guidance and my plan guidance and I think I'm ok, but some definitions aren't clear and the consequences of the wrong interpretation are expensive! I want to do the following: 1) ro...

2tall4economy

If I may be so bold, I can’t conceive of a use case where any individual has a critical need for more than a gig or so of personal data. Maybe if you’re an amateur movie maker and have tons of personal family movies or something. Maybe take a step back and consider how often you actually use the bac...

2tall4economy

Real estate agents are similar to investment advisers. % compensation regardless of the amount of actual work done and ultimately they don’t have any magic you can’t do on your own.

Only useful for people with irrational fear of the buying process/stock market.

2tall4economy

Living overseas made this a necessity for my family. I have nothing physical at all, nor have I for 10 years. I keep electronic copies of my deeds and tax returns, and the forms that support the tax returns (1099s and pictures of donation receipts basically). Receipts I’ve ditched because I’ve found...

2tall4economy

At first when reading this I thought to myself “must be nice, I never got anything” then I thought more deeply about it. Ultimately a Fun little exercise 18 years of very modest living expenses and gifts for Christmas and birthdays. And candy on Easter! Half of the car payments on a fairly nice car ...

2tall4economy

So I got married and combined accounts right away. After 8 years we sort of split it up; I love my wife and she can be great in so many ways, but she has difficulty avoiding knick-knacks and sorting out needs from wants so it was the latest approach to manage her spending. It's worked better than an...

2tall4economy

I'm in the last round of interviews with two companies. Neither are "ideal" but both are good. Hard to get any advice from my peers or family given secrecy required and/our disparity in income, so turning to you folks! Life situation: I've got a wife and 3 very young kids depending on me. Early 40s,...

2tall4economy

Golf maniac wrote: ↑
Tue Dec 18, 2018 5:15 pm
Insulation needed, above, below, and any external walls.

this. recommend spray foam. environmentally unfriendly, heating bill friendly.

2tall4economy

E. When I came back to the states I test drove every American and European Luxo and found the s class to be the winner. E is basically a shrunk s nowadays.

2tall4economy

I’m the weirdo I guess. I go to bed at 2am to 3am each workday and wake up at 7:15 to get into work at 8am. Been doing it for at least 20 years; successively more stressful work roles and children haven’t moved the needle at all. I simply can’t focus in the morning and I have too much stuff to get d...

2tall4economy

Could the existence of a substantial taxable account provide a sufficient hedge against potential income shortfalls? It depends. If the taxable account is large enough, you don't need to do 72t. If the OP has enough taxable assets or other means to 'get by' for five years, he could start a Roth con...

2tall4economy

Thanks all for your replies so far. Will definitely check out that 72t website. Addressing some inputs: Working part time is a possibility - in fact Easing into retirement by having a white collar but lower paying job with strict 9-5 or even 10-3 working hours could be ideal since I will still have ...

2tall4economy

I’ve been targeting early retirement mixed with a “comfortably luxurious” life since I entered the workforce. While it’s 10 years later than I originally planned it’s around the corner and still pretty early (45) which is getting me excited. I’m sure my friends will think I’m nuts retiring during my...

2tall4economy

Through happenstance my jobs in finance in Fortune 500 s have allowed me to see specific and average salaries across large populations in many countries and circumstances. I always found it interesting so I can appreciate Op interest in seeing the data, but agree with other posters that it’s not too...

2tall4economy

I had to give it a little thought because it's unusual but I have an answer which I think is correct and makes sense. A lender would expect to be paid the risk free rate + a rate adder based on your risk profile. That would be an indifferent loan; if he charged less he's giving you wealth, if he cha...

2tall4economy

Despite having more than enough investments to pay in cash I took on some debt when I relocated back to the USA after being debt free for years because of the hassle of liquidating. I’ve since paid it all back down again except the mortgage. The way I look at it the return im missing out on for the ...

2tall4economy

Recommend you do the math on what the return of those properties is if fully paid off. If it’s not 6% or more (ie real stock market level) then I’d sell them. They might be, but I can’t tell because you say you aren’t breaking even when paying principal. This is how I look at my properties.

2tall4economy

I'm in the process of selling my parents house (including 40 acres) + vacant land of the parcel immediately to the west of the house parcel (75 acres). The buyer has requested that we split the parcel with the house + 5 acres off from the 40 acres before the closing and sell it to his employee. I th...

2tall4economy

Cash rewards credit card for every purchase possible Bank bill pay for the rest. This should be a small enough list that you know what and when each Czechs here will go out and what it will be worth so you won’t be surprised Another option is to check your bank overdraw policy. Ours just over draws ...

2tall4economy

spend similar money to a gene set and go solar. better Roi and similar investment. Plus you can feel warm and fuzzy if you choose. Add some powerwalls if you are in a place that has them(lucky) and go off grid and flip a bird to the man.

2tall4economy

Thanks all for your input. I had not thought of a CD ladder. Any recommended banks? The target income looks like the ticket from an effort perspective, though it seems low effort just to recreate it with the two funds and re-balance once a year. Mom has no interest in managing it - it would all rema...

2tall4economy

My father passed a few years back and we've got a buyer for the remaining land assets of theirs that she no longer wants. When it's all said and done she'll have ~$400k in cash available, which will represent the entirety of her assets other than a condo and a car, both of which are paid off. She gr...

2tall4economy

My personal experience as a guy who has hired many mbas and has lead or developed mba recruiting programs: the only thing that matters to employers in my experience is where you went. My advice to people who ask is if you don’t go to a top 40 school or so don’t bother and if you really want to get s...

2tall4economy

Took it off when it caused circulation problems (read: I was so fat my fingers were too big for the ring). Took it off and lost weight but never put it back on.

It didn’t affect my career or job switch in the slightest, but I typically interviewed men vs women, luck of the draw.

2tall4economy

If I’m reading that right your mom bought a house recently (equity be higher for 1200 payment if in the last half of the mortgage) and she spends 6500/month which seems very hard to believe for someone ina 140k house when mortgage is usually the largest expense after taxes. I’d double check all your...

2tall4economy

Lived for multiple years in Japan and Singapore. Lived for multiple months in Croatia, England, Italy, and Russia. Pro: Gain a world view Con: Gain a world view. Your home country bound former associates will not be interested in your new-found perspectives as they want you instead to be as myopic ...

2tall4economy

At 1m I stopped worrying about going hungry / not having a roof over the heads of my family. At 2m I stopped worrying about having at least a middle class lifestyle forever At 3m I started worrying about black swan events and what I would do if the financial markets collapsed. Then I realized I can’...

2tall4economy

All the wants I had in that range are satisfied. But if I had $20k it would go toward either my outdoor area remodel / hot tub or my Ferrari fund. Something I do is have a list of wants that I periodically add stuff too as flights of fancy cross my mind. Then when I lay out my budget for the current...

2tall4economy

It's funny how so many bogleheads will fight tooth and nail to pay say .25% less in fees on retirement funds but have no problem buying an expensive car. Not a criticism but an interesting observation. There's a tangible enjoyment taken in buying a nice car if you are an auto enthusiast, over an ap...

2tall4economy

It's funny how so many bogleheads will fight tooth and nail to pay say .25% less in fees on retirement funds but have no problem buying an expensive car. Not a criticism but an interesting observation. There's a tangible enjoyment taken in buying a nice car if you are an auto enthusiast, over an ap...

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