Search found 3020 matches

by greg24
Thu May 24, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Career planning in IT/software development when over 40
Replies: 80
Views: 6260

Re: Career planning in IT/software development when over 40

In this thread we have the folks saying that its a dead end post 40 and be ready for the poor house. In the parallel "lucrative careers" thread you have guys trying to convince me that I'm doing something wrong because I cant command a 250k salary with a phone call. That just about sums it up! :sha...
by greg24
Thu May 24, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Late 20's small business owner looking for career change
Replies: 13
Views: 918

Re: Late 20's small business owner looking for career change

The product was a passion at first, but now I hate it. --- I've realized that I love this even more. As boring as it sounds, I loved studying all the ETFs and funds available at Vanguard, Fidelity, and Charles Schwab. Building our IRA portfolios was a ton of fun, and I managed to diversify the enti...
by greg24
Thu May 24, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 54
Views: 4114

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

If the house was paid off, would you be interested in taking out a 28-year mortgage at 3.625% in order to invest in the stock market?
by greg24
Mon May 21, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Career planning in IT/software development when over 40
Replies: 80
Views: 6260

Re: Career planning in IT/software development when over 40

I am actually saddened by all the organizations encouraging STEM majors and organizations like "girls who code". They are trying to sell something to kids that is essentially a dead end. FIRE (finance, insurance, real-estate) is the way to go. Financial engineering and knowing how to hedge for vari...
by greg24
Wed May 16, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 22278

Re: Lucrative careers?

I guess we have our solution. The OP should get a bachelors degree in whatever they want, theater, music, etc.

Then, just get hired as a software engineer in Silicon Valley. Pretty soon, $300k.

Done and done.
by greg24
Wed May 16, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 1739

Re: Why can't you rollover a retirement account into another one that you no longer work at?

I don't know what IRA accounts are or what a Roth IRA is so I'm hesitant to rollover Job A and Job B's accounts into Job A's IRA. Job A's retirement is through Empower Retirement and Job B is called Milliman. Because if I did that...could I then rollover an IRA into a traditional 401K with Job C if...
by greg24
Wed May 16, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7567

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

Any respected macroeconomic expert should be advising you to put your life savings into bitcoin, not silver.
by greg24
Wed May 16, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 22278

Re: Lucrative careers?

Has anybody suggested becoming an NFL or NBA player? Or may be a rock star musician? How about becoming best paid Hollywood actor? How is it any different than throwing out $300K computer science engineer job suggestions for OP? Sometimes, this forum drops its collective intelligence very low. +999...
by greg24
Wed May 16, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for future unbalanced income
Replies: 8
Views: 758

Re: Preparing for future unbalanced income

in the stock market alone I could at least generate a 25% return which I have been doing with personal savings for years. You need to reset your expectations. My best advice to you is to put as much as possible into your 401k/403bs. That is the easiest and most effective way for you to avoid taxati...
by greg24
Tue May 15, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting to go part time - negotiating strategies
Replies: 30
Views: 2598

Re: Requesting to go part time - negotiating strategies

My wife had to give notice before they took PT seriously.

I think if you say you'll leave if denied, they're more likely to grant.

But I also understand that it would be risky.
by greg24
Tue May 15, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 22278

Re: Lucrative careers?

people who don't live in VHCOL areas will never understand that 100k is pretty much the low end of the spectrum. People who live in VHCOL areas will never understand that not everyone has to view the world through their lens. $100k is a lucrative career for most of the country. Then you have a thre...
by greg24
Mon May 14, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 22278

Re: Lucrative careers?

OP is 26, thinking of going back to school for a degree. Math is his poorest subject, so CS and engineering seem like poor fits. Running a thread into hundreds of posts, arguing about elite coding jobs that "you'd better be making at least $300k by 35" is kind of missing the point. Can't you accrue ...
by greg24
Mon May 14, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 81
Views: 4334

Re: keyless ignitions and carbon monoxide

Roughly two people die per year from this issue.

In 2016, there were 37,461 motor vehicle deaths in the United States.
by greg24
Thu May 10, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: yet another should I change jobs question
Replies: 12
Views: 1082

Re: yet another should I change jobs question

I wouldn't change anything just yet. Finishing your current race is probably easier than starting a new one. But I would: * Do whatever I can within my current position to learn new technologies * Start preparing myself for a possible future job search. Refresh resume, network, be active on LinkedIn...
by greg24
Thu May 10, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: To Sell or Not to Sell
Replies: 15
Views: 1103

Re: To Sell or Not to Sell

I think the OP is too deep into the minutia of the numbers and is blinded to the overall situation. Selling now, incurring a ~$8000 transaction cost, in order to save $200 a month, is not a good idea. Paying the house off in 5 years, and complaining that it sets them behind in their dream to FIRE at...
by greg24
Wed May 09, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle problem employee
Replies: 84
Views: 5484

Re: How to handle problem employee

"High performing" (self-diagnosed) new manager wants to fire 90% hardworking, experienced "problem employee" for some petty office stuff.

Gets some tough feedback, responds by deleting original post.
by greg24
Wed May 09, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones to Index funds model
Replies: 18
Views: 1927

Re: Edward Jones to Index funds model

Many on this board would suggest Schwab or Fidelity, which have better customer service than Vanguard.
by greg24
Mon May 07, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: New car for my wife
Replies: 25
Views: 2635

Re: New car for my wife

kbb.com values a 5 year old RX350 with 125k miles at ~$12,000.

That is using the lowest trim level and standard options.

In my view, $12k is not worthless.
by greg24
Mon May 07, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Which brokerage has the lowest ER on SP500 index fund?
Replies: 29
Views: 1264

Re: Which brokerage has the lowest ER on SP500 index fund?

I agree that once you are down to a basis point or two, other factors are more meaningful. Tracking error, customer support, web site, etc.
by greg24
Mon May 07, 2018 9:10 am
Forum: Personal Consumer Issues
Topic: What do you pay baby sitters?
Replies: 53
Views: 5032

Re: What do you pay baby sitters?

$10/hour is reasonable, maybe more if a family friend. To eat pizza and play video games, it's easy money for them unless the kids are pests. Oh the sad and sexist view that a woman’s work is of course easy. Your post is the first one to refer to babysitting as "woman's work". Oh, the irony.
by greg24
Sat May 05, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on Car mileage deduction
Replies: 14
Views: 1024

Re: Tips on Car mileage deduction

financial.freedom wrote:
Fri May 04, 2018 4:27 pm
I haven't started yet, but I believe most of the pay is W2 and some is 1099. There may also be an option for me to be part owner of one of the offices.
This certainly sounds like an uncommon situation. I wouldn't worry about mileage deductions till you get the job squared away.
by greg24
Sat May 05, 2018 10:02 pm
Forum: Personal Consumer Issues
Topic: What do you pay baby sitters?
Replies: 53
Views: 5032

Re: What do you pay baby sitters?

But also play it by ear as this is a relatively affluent area and some of the moms are probably used to paying more. If you are in a relatively affluent area, her best option may be to avoid talking about money. Don't bring it up, and if asked, be vague. Affluent moms seem to voluntarily pay more t...
by greg24
Fri May 04, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on Car mileage deduction
Replies: 14
Views: 1024

Re: Tips on Car mileage deduction

Are you a W2 employee or a 1099 contractor?
by greg24
Thu May 03, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: Where to babymoon?
Replies: 38
Views: 3696

Re: Where to babymoon?

By 7 months, my wife was MUCH more interested in an afternoon on the couch than traveling.
by greg24
Thu May 03, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: Navigating the dark side of capitalism
Replies: 19
Views: 1478

Re: Navigating the dark side of capitalism

I use my profits from such shading companies to make the world a better place.

Would it be better if shady company profits went to shady people who spent them on shady activities?
by greg24
Thu May 03, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 55
Views: 6456

Re: Starting to smell like buying season?

Still at historically high PE10.

Image
by greg24
Wed May 02, 2018 1:09 pm
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 27
Views: 2157

Re: Making it easier to track posts from the OP

Silk McCue wrote:
Wed May 02, 2018 12:37 pm
After CTRL-F search for "by opname" as that will only bring up posts that they initiate.
This right here is the best solution.
by greg24
Mon Apr 30, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: How stressful is buying a home?
Replies: 56
Views: 3190

Re: How stressful is buying a home?

Who else is like me and shares the stress by reading every word of every document I am signing. Despite protests of; "Nobody does that at closing, the reply "Well, I do." We told our realtor and lender that we would be reading every document, and asked if they could provide a copy to us before the ...
by greg24
Fri Apr 27, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: How stressful is buying a home?
Replies: 56
Views: 3190

Re: How stressful is buying a home?

jaj2276 wrote:
Fri Apr 27, 2018 3:14 pm
Buying a home isn't stressful. Owning a home is. Home ownership sucks.
What do you find stressful about owning a home? I have found it is less stressful than renting.
by greg24
Wed Apr 25, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 10195

Re: Wedding - financial burden on couple and attendees

I would not approach the couple about changing their wedding plans.

But, you could float the idea for a local, casual reception a couple weeks later.
by greg24
Wed Apr 25, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4463

Re: What happened to the Dow Jones between 1966-1982?

fortfun wrote:
Wed Apr 25, 2018 3:22 pm
Seems like rental property, in a college town, may be a better bet? Renters pay the mortgage, plus some, and the home value doubles in ten years (pretty reliably).
I wouldn't say "better bet". I would say it is an alternative investment. But one that is also a part time job.
by greg24
Wed Apr 25, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4463

Re: What happened to the Dow Jones between 1966-1982?

There is risk in the market, the flipside of return.

This is why you should choose a reasonable asset allocation that allows you to remain invested.
by greg24
Wed Apr 25, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 4250

Re: Is my computer obsolete?

No, the computer is not obsolete. It has plenty of life for simple tasks. Editing documents, surfing the internet, storing photos of the kids.

It is obsolete for high level gaming, graphical work, etc.
by greg24
Tue Apr 24, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 2960

Re: Fun Money

There seems to be some cognitive dissonance here. Can anybody explain this to me??? Am I missing something? How can the need to squeeze every penny out of your fund and obtain market returns be consistent with gambling 1/10th of your portfolio? Based on everything I’ve read and understand, you shou...
by greg24
Tue Apr 24, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10119

Re: Salary Negotiation gone sour

The whole thing sounds like a bad game of Telephone. I'm not clear if you received these salary range numbers from the company, or just the recruiter. It sounds like the recruiter was creatively optimistic both in the pre-interview salary ranges, and how they were "extremely confident" that the coun...
by greg24
Mon Apr 23, 2018 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 4146

Re: In-laws financial advisor rip off

Eric76 wrote:
Mon Apr 23, 2018 7:13 am
I saw their February statement and it showed .25 was the advisory fee and year to date was .49. I figured that meant .25 was taken every month.
You shouldn't leap to conclusions from looking at one statement.
by greg24
Mon Apr 23, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Life Settlement - Term insurance
Replies: 12
Views: 770

Re: Life Settlement - Term insurance

CurlyDave wrote:
Mon Apr 23, 2018 12:58 pm
Anything in your pocket beats nothing at all from dropping the policy.
Signing into an agreement with a possibly sleazy company that becomes incentivized with your death is not something I'd sign over easily.
by greg24
Mon Apr 23, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Building a New Home (Talk me out of it!)
Replies: 61
Views: 4570

Re: Building a New Home (Talk me out of it!)

My wife would be happy with a 3500 sq foot home - our current home is 3000 and she just wants a walk in closet plus more land. So your wife just wants a little bit more interior space, and a little bit more exterior space. Sounds like she thinks the grass is greener on the other side. A lot of the ...
by greg24
Mon Apr 23, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Building a New Home (Talk me out of it!)
Replies: 61
Views: 4570

Re: Building a New Home (Talk me out of it!)

I am always of the mind that our current house is fine, we COULD afford it even if it may not make the most financial sense, and I am somehow missing an opportunity. Your current home is fine, and you have FOMO on this new parcel. Hard pass. This is a huge financial decision for apparently little u...
by greg24
Mon Apr 23, 2018 9:17 am
Forum: Personal Consumer Issues
Topic: Looking to purchase new car/SUV
Replies: 51
Views: 2888

Re: Looking to purchase new car/SUV

CR ranks the car manufacuters overall reliability etc as follows: 1. Genesis, 2. Audi, 3. BMW and #4 Lexus, #5 Porsche (see a trend here? Honda is 9, toyota 10 and Acura #22 (Acura has really dropped in CRs view). Where are you getting these numbers? Here is a October 2017 reliability report: https...
by greg24
Wed Apr 18, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: Your Money Or Your Life
Replies: 49
Views: 6831

Re: Your Money Or Your Life

Thesaints wrote:
Wed Apr 18, 2018 12:35 pm
You don’t get jokes much, do you ?
Only if they're funny.
by greg24
Wed Apr 18, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Check my logic please (life insurance)
Replies: 19
Views: 975

Re: Check my logic please (life insurance)

My wife and I were roughly your age when we had our first child, and went into the same term life search that you are doing now. We settled on the 20-year level term. 30-year was much more expensive, as morbidity goes up sharply in late 50s. 20 years covered our most financially perilous years to di...
by greg24
Mon Apr 16, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: Cash instead of bonds?
Replies: 59
Views: 7019

Re: Cash instead of bonds?

Bonds and money market accounts both fall under the umbrella of "fixed income".

This is a fine plan, if you don't mind giving up yield for lack of volatility.
by greg24
Mon Apr 16, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 16741

Re: Can I retire at age 40?

Olemiss540 wrote:
Mon Apr 16, 2018 1:02 pm
Love the folks who claim it's impossible to support a family of 5 on a $2.8 Mil best egg.
Literally nobody has said that.

People have stated that the portfolio wouldn't support a $120k annual withdrawal figure.

The OP can certainly support a family of 5 if they reduce their withdrawal rate.
by greg24
Mon Apr 16, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: If home prices decline but mortgage rates keep rising
Replies: 25
Views: 2819

Re: If home prices decline but mortgage rates keep rising

adamthesmythe wrote:
Mon Apr 16, 2018 10:17 am
Right now, the only force I see that would make house prices go down is wishful thinking on the part of those that want to buy.
The equities market going down 30% would likely impact housing prices.
by greg24
Fri Apr 13, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area - Switch Companies to Avoid Price Out?
Replies: 18
Views: 2578

Re: Bay Area - Switch Companies to Avoid Price Out?

If the cost of housing is the focus of the problem, moving to a much lower COL location is the solution.
by greg24
Fri Apr 13, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12287

Re: Work Commute: How far is too far?

I would go crazy commuting 65-75 minutes each way. 30 min is the max for me.

But, your circumstances are different, and we don't get to choose everything we like in life.