Search found 840 matches

by scubadiver
Fri Apr 06, 2018 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Work Travel and State Payroll Taxes
Replies: 11
Views: 830

Re: Work Travel and State Payroll Taxes

Finally, I recommend seeking the expertise of a qualified tax professional to prepare your tax returns given your situation. These tax returns can often be a bit challenging even for a seasoned tax professional. Good luck with the new opportunity. Thank you for the helpful links and yes, I will abs...
by scubadiver
Fri Apr 06, 2018 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Work Travel and State Payroll Taxes
Replies: 11
Views: 830

Re: Work Travel and State Payroll Taxes

Their tax department is both speedy and aggressive when they believe you owe money, and are very aggressive with residency audits. This is the part that frightens me and I want to steer clear of any real or perceived impropriety. I will certainly keep good records and with any luck will not find my...
by scubadiver
Thu Apr 05, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Work Travel and State Payroll Taxes
Replies: 11
Views: 830

Re: Work Travel and State Payroll Taxes

Thanks for the helpful responses. The two states in question are VA and NY, VA being the state of origin. Unfortunately, my employer lacks the agility to respond to specific periods in one state vice another, so once I set the state that my payroll taxes will be deducted for, that's not likely to ch...
by scubadiver
Wed Apr 04, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Work Travel and State Payroll Taxes
Replies: 11
Views: 830

Work Travel and State Payroll Taxes

An opportunity is developing for me through my employment that will place me in a position for substantial long term business travel to another state over the next couple of years. My expectation is that I will have to pay state income taxes in both states under the umbrella of a full or partial yea...
by scubadiver
Fri Dec 29, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 7440

Re: Can I afford a $600-650k house?

The good stuff first: For only 26 you are doing well. It looks like you may have had a little family help over the years, but all in all, you're up and running on your own quite well. The not so good stuff: You're burning money like crazy. By your own reporting, you will make ~$185K this year throug...
by scubadiver
Fri Dec 29, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: Hyundai quality and reliability
Replies: 41
Views: 3781

Re: Hyundai quality and reliability

We have a 2009 Hyundai Santa Fe with ~130K miles. Original owners. My wife loves the car. Overall, the car has been extremely reliable and my wife has requested that when we replace this car, that it be with another Hyundai.
by scubadiver
Fri Dec 29, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: The Economics of a new Puppy
Replies: 113
Views: 7778

Re: The Economics of a new Puppy

To the OP's question, we get our dog food at the local privately owned pet store. It's a couple bucks more per 30lb bag than pet smart, but I actually get to meet the person who is making that money off me when I buy it. I understand the stigma of it and frankly it makes sense, but we bought one any...
by scubadiver
Tue Dec 26, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: how to "know" what asset allocation is right? (crypto windfall)
Replies: 39
Views: 5294

Re: how to "know" what asset allocation is right? (crypto windfall)

Wow, congrats! Well played. I believe others have suggested one or more of these in various forms, but I will further endorse those recommendations: (1) Keep a low profile (2) Start with 50/50 stock / bond allocations and let it ride for a while (say two or three years) just to see how it feels. Slo...
by scubadiver
Tue Dec 26, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: car thread- too much money?
Replies: 85
Views: 7513

Re: car thread- too much money?

Two things strike me about this thread: (1) The OP wants to retire in 20 years. Ok, nothing wrong with that, save for the fact that his current net worth is $-300K. Doctor's salary or not, 20 years doesn't leave much runway to benefit from compounding returns, so the necessary retirement savings are...
by scubadiver
Fri Dec 22, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Paid Off $340K in Student Loans in 4 Years!
Replies: 21
Views: 1857

Re: Paid Off $340K in Student Loans in 4 Years!

Well done! Congratulations.
by scubadiver
Sat Nov 04, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 6474

Re: College student... Financial mess... Need advice...

Try to make a deal with the landlord as someone else suggested. Maybe offer to pay two or three months of your half of the rent and forfeit the security deposit. If the landlord agrees, then offer your ex $1K to find a new apartment by the end of the month. Help her pack and move if you have to. It ...
by scubadiver
Sun Oct 22, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: For newer two comma club members
Replies: 2
Views: 1183

Re: For newer two comma club members

I have been tracking our net worth in quarterly increments since we got engaged in '04. The spreadsheet I use captures total assets, total debts and of course the net result of those two. It's been fun to look back at that now that we have 13+ years of results. In the very first quarter, our net wor...
by scubadiver
Fri Sep 08, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: Do I need an Amazon Echo??.....
Replies: 68
Views: 6152

Re: Do I need an Amazon Echo??.....

I'm going out on a limb here...No, you do not need an Amazon Echo.
by scubadiver
Sat Aug 26, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 7677

Re: Safe car for wife and baby

Have you considered this: http://burchfieldtrucks.com/inventory/commercial-trucks/dump-trucks/1167-2002-international-7400-dump-truck It's a little larger than your typical SUV and has mediocre gas mileage as you might expect, but its performance in front, rear and side crash tests is unparalleled....
by scubadiver
Sat Aug 26, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 7677

Re: Safe car for wife and baby

Have you considered this: http://burchfieldtrucks.com/inventory/commercial-trucks/dump-trucks/1167-2002-international-7400-dump-truck It's a little larger than your typical SUV and has mediocre gas mileage as you might expect, but its performance in front, rear and side crash tests is unparalleled. ...
by scubadiver
Sat Aug 26, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: Lowes vs Home Depot
Replies: 62
Views: 9020

Re: Lowes vs Home Depot

Neither. I go to the Ace Hardware that is owned and operated by the parents of one of my daughter's classmates.
by scubadiver
Sun Jul 16, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: Rent or Buy in Las Cruces, NM
Replies: 12
Views: 1501

Re: Rent or Buy in Las Cruces, NM

Another vote for renting.
by scubadiver
Wed Jul 12, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: 100k milestone
Replies: 49
Views: 6867

Re: 100k milestone

31

Currently in early 40s and about one more good day in the market shy of two commas.
by scubadiver
Wed Jul 12, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay off >$200k Income Based (IBR) student loan?
Replies: 13
Views: 2250

Re: Invest or pay off >$200k Income Based (IBR) student loan?

Welcome to the forum! Were I in your shoes, my priorities would be: (1) Put $20k towards student loans (2) Max 401k space, both his and hers (Recommend due to federal tax bracket and home state of CA) (3) Put all additional funds towards student loans. I'm somewhat conflicted on (3) as there is a ca...
by scubadiver
Mon Jul 03, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 9522

Re: Can you share some of your financial goals?

To have the winning combination in Tuesday night's MegaMillions jackpot.

That and maintain current savings plan so as to be able to fully fund children's college education and retire no later than age 62.

Scubadiver
by scubadiver
Sun Jul 02, 2017 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 7843

Re: Should I move abroad to minimize health care costs?

OP is worried about healthcare costs draining his nest egg? What nest egg? The OP is 40 and barely has anything worth mentioning in retirement savings on a salary of $120K per year. Yes, poverty in old age is a very real risk here, but not because of healthcare costs, just good old fashioned lack of...
by scubadiver
Wed Jun 28, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 16814

Re: How did you handle the costs of your child's wedding?

My wife and I did not receive any financial support for our wedding. In all, we spent approximately $19K for the wedding, honeymoon, engagement ring and wedding bands. Ok, $19.3K if you count the $300 to replace the wedding band I lost scuba diving in Cancun (to-date, that remains the most expensive...
by scubadiver
Sun Jun 25, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 96
Views: 17002

Re: Can we/should we afford a $2M house?

1. In these builder situations, when is the earliest I can lock in a mortage and should I lock in a rate now or wait? The builder's have their own mortage company, but, obviously, I want to shop around 2. Assuming our rate of savings at least 40K/month continues, we would have more cash at hand. Th...
by scubadiver
Sun Jun 25, 2017 8:19 pm
Forum: Personal Consumer Issues
Topic: Worthwhile TV programming?
Replies: 55
Views: 5244

Re: Worthwhile TV programming?

No doubt there is a lot of crap on Netflix.

I do recommend you give Sons of Anarchy and Shameless a try. DW and I finished Sons of Anarchy last year and enjoyed it tremendously. Slowly working our way through Shameless now. Both shows are spectacular in my opinion.
by scubadiver
Fri Jun 23, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: New Baby - Wife stay at home for 1 year?
Replies: 48
Views: 5193

Re: New Baby - Wife stay at home for 1 year?

You can definitely afford it, and it's a very valid lifestyle choice. Just a warning though - she's not going to want to go back to work. I am 33 and have seen this happen with several friends, and I've read many articles about the trends as well. Most women who stay home plan for it to be a short ...
by scubadiver
Mon Jun 19, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 3559

Re: What Is The Right Amount For An Emergency Fund?

Our cash emergency fund is about 5 months of expenses. If I really needed to, there's easily a years worth of additional expenses that I could cover out of our Roth accounts with no penalty for early withdrawal and even under a 2008-9 market crash scenario. While I would obviously prefer not to do t...
by scubadiver
Thu Jun 15, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: Does anyone read the Wall Street Journal?
Replies: 58
Views: 8841

Re: Does anyone read the Wall Street Journal?

Yes, I have a print and on-line subscription.
by scubadiver
Thu Jun 15, 2017 7:57 pm
Forum: Personal Consumer Issues
Topic: Have you canceled cable?
Replies: 90
Views: 8734

Re: Have you canceled cable?

Ya, I remember learning about this "cable" thing in history class. I think it was something that my great grandparents had.
by scubadiver
Sun Jun 11, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to prepay a Navient loan payment?
Replies: 10
Views: 1710

Re: Is it safe to prepay a Navient loan payment?

And if Navient is properly calculating the resulting change in amortization, everything should be fine. It's that last "if" I'm nervous about, given their history. There is no amortization calculation to do. Your monthly payment remains the same, you'll just pay the loan off sooner given the lump s...
by scubadiver
Sun Jun 11, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Is it safe to prepay a Navient loan payment?
Replies: 10
Views: 1710

Re: Is it safe to prepay a Navient loan payment?

Autopayment with Navient? You're more trusting than I am. Back in the day, I had several student loans under a program where, after so many on-time payments, my loan rate was reduced to 2.5%. Of course, I satisfied that requirement and enjoyed the 2.5% interest rate for a number of years. Then two t...
by scubadiver
Mon Jun 05, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 44
Views: 5488

Re: New Milestone

Zillow aside, congrats!!! I was over 50 when I got a second comma for net worth :( (I use what might be considered excessively conservative estimates for real estate value though). At barely 53 I've yet to get my second comma for financial assets alone, hopeful of getting there by 55 though as I'm ...
by scubadiver
Sat Jun 03, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 44
Views: 5488

Re: New Milestone

Congrats! I'm less than $12K myself from hitting that milestone and actually would be past it if I used a more realistic value for my home - not Zestimate crazy, just realistic. Anyway, remember, the market giveth and the market taketh away. That said, you should enjoy the success of reaching a majo...
by scubadiver
Mon May 29, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 9977

Re: When does Saving become missing out on life?

Try not to think of saving vice happiness as either-or propositions. Saving is important unless you plan to work until you die and are fortunate enough to be physically and mentally able to do so. But family and friends are more important and if you are neglecting them in favor of savings, then you ...
by scubadiver
Wed May 03, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is 401k loan really a bad idea?
Replies: 57
Views: 5043

Re: Is 401k loan really a bad idea?

I look it as "spending pre-tax dollars now in exchange for investing post-tax dollars in the future AND paying interest with post tax dollars then paying income taxes on that money in the future". So, if I get a $50K loan from a bank, is that not also pre-tax? I mean, uncle sam doesn't take a cut o...
by scubadiver
Wed Apr 26, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 23843

Re: Any regrets living a frugal life for high income/high networth individuals?

Why do you to wait until retirement to spend time with the important people in your life? Nailed it! How did you know that as a matter of principle, I refuse to spend time with the important people in my life until I retire? :oops: Perhaps I just have a simpler definition of what it means to spend ...
by scubadiver
Wed Apr 26, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 23843

Re: Any regrets living a frugal life for high income/high networth individuals?

If I'm going to splurge, I would splurge on early retirement. There is absolutely nothing material that I need which I do not already have and if I was given a million dollars tomorrow, I would just save it so I could by my early retirement sooner. I would much rather spend $$ to buy me time with my...
by scubadiver
Mon Mar 06, 2017 1:16 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 4916

Re: How much do you spend on "stuff" for kids?

You didn't address my earlier question. You mentioned that "funding their b-day parties" was their only gift from you. What did their parties consist of and how much did you spend on them? Am I under cross examination? Truth: I don't remember the dollar amounts. Our 4-year old's party was at Chuck ...
by scubadiver
Mon Mar 06, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 4916

Re: How much do you spend on "stuff" for kids?

It is not extremely unusual in my community. Birthday parties today are usually held at some sort of event space (jumpy house place, trampoline place, museum, etc.). And parents are expected to buy small gifts for each kid who attends the party. It's very expensive (and nuts, IMHO). After shelling ...
by scubadiver
Mon Mar 06, 2017 11:01 am
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 4916

Re: How much do you spend on "stuff" for kids?

Seems odd to tell a 6 year old (age of the OP's kid) that their present is a pack of paper plates/cups, some cheap decorations, and a cake. Yes, and that's exactly how we said it to them too, "You're getting some paper plates, cups and cheap decorations..." I wanted to add a "and you're going to li...
by scubadiver
Mon Mar 06, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 4916

Re: How much do you spend on "stuff" for kids?

We don't buy them birthday gifts since we organize the parties and they get presents from the guests I find it extremely bizarre that you do not buy birthday gifts for your own kids. I find it more bizarre that you justify not buying birthday gifts because you "organize the parties." Do you also no...
by scubadiver
Mon Mar 06, 2017 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Think I'm ready, but not overly confident
Replies: 28
Views: 3496

Re: Think I'm ready, but not overly confident

Welcome to the forum.

I'm 20+ years younger than you and if I had your finances, I would retire now. You should be good to go. :)

Congrats!

Scubadiver
by scubadiver
Sun Feb 26, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: New Member Here, Looking for some suggestions
Replies: 24
Views: 2468

Re: New Member Here, Looking for some suggestions

Welcome to the forum and thank you for your service. So, you're not in a bad situation. In fact, learning these lessons at such a young age puts you on a very good path longer term. I think your plan looks good. Since you have been listening to Dave Ramsey, I'll foot stomp his debt snowball strategy...
by scubadiver
Wed Feb 01, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Pet insurance for new puppy
Replies: 77
Views: 7893

Re: Pet insurance for new puppy

Long time pet owner here and we love our dog. He truly is a member of the family. Pet health care is pretty simple really and there is no need for insurance. We pay everything out of pocket. If we got to the point where our vet bill was being measured in thousands of dollars, euthanasia would become...
by scubadiver
Sun Jan 29, 2017 8:59 pm
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 7238

Re: Please tell me if I can afford this Porsche

Get rid of the student loan first, but yes, you can get afford to get the porche.

Scubadiver
by scubadiver
Sat Jan 28, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 72
Views: 12028

Re: Anyone moved to another state for lower cost of living?

My own story.... We (DW and two kids) currently live in northern VA just outside DC. Moved here for career opportunity about 7 years ago when oldest kid was 1. The work is good, but cost of living is very high and general quality of life is low. We have no personal ties to the area - the only thing ...
by scubadiver
Sun Jan 22, 2017 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: asset allocation: 36 years old, $800k to invest
Replies: 3
Views: 1064

Re: asset allocation: 36 years old, $800k to invest

Welcome to the forum! A possible plan of action... 1) Since you not appear to have an explicit emergency fund, mentally earmark $100K of your current $800K for just that. 2) Put $100K on your mortgage and refinance to 15 or 30 year conforming loan. You may pay a slightly higher rate than what you cu...
by scubadiver
Sat Jan 21, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our student loan?
Replies: 44
Views: 4421

Re: Should we pay off our student loan?

The following seem like good ideas to me: (1) Put the $48K all on the student loan. With your current monthly payment, those will be gone in less than 4 years or (2) Assuming you get a lower rate, refinance the home lone to 15 year, putting entire $48K on principle. I would tend to favor (1) because...
by scubadiver
Wed Jan 18, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: ok to pull plug and retire?
Replies: 52
Views: 8705

Re: ok to pull plug and retire?

Were I in your shoes with your assets and expenses, I would be calling in sick tomorrow (and I like my job).

Yes, you're good to pull the plug. Congrats!