Search found 883 matches

by HornedToad
Tue Dec 11, 2018 10:05 pm
Forum: Personal Consumer Issues
Topic: Trip to Italy
Replies: 16
Views: 649

Re: Trip to Italy

Where do you live/Where is the closest regional hubs that you would fly out of. http://www.awardhacker.com/ Shows flight paths available between destinations and how many miles it takes to redeem on which mileage programs, routes that are taken and what else transfers to the airline. From there you ...
by HornedToad
Fri Nov 30, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Restaurant Budget
Replies: 113
Views: 6573

Re: Restaurant Budget

For 2 people, we spend ~11% of our expenses on Food and Dining (including groceries). Other than Mortgage and Vacation it's our highest expense. We count vacation eating under vacations. Average about ~$700/mo on Restaurants and a little under $900/mo for food. If you live in HCOL, and periodically ...
by HornedToad
Thu Oct 25, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: When is moonlighting not moonlighting?
Replies: 22
Views: 1808

Re: When is moonlighting not moonlighting?

Definitely moonlighting. Pitching both companies in the same call goes beyond moonlighting. OK, what if they were separate calls? or E-mail calls only? I know i'm grasping at straws here... If it was separate clients it's fine. Using your relationship with the client from company A to benefit compa...
by HornedToad
Mon Oct 22, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: Shouldn't Fridays be higher than average due to 401k contributions?
Replies: 44
Views: 3242

Re: Shouldn't Fridays be higher than average due to 401k contributions?

Tens of millions of people automatically buy on Fridays. Does that make Fridays higher on average than other days? If not, why? Tens of millions of people automatically buy on days that aren't Friday, also! Who says that Friday is a higher purchase day than others? cheers, jwf Because payday for al...
by HornedToad
Thu Oct 18, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 45
Views: 5864

Re: CA property tax > $10K, any options to deduct all?

My taxes go down next year in CA. Same with me. AMT eliminated my state tax deductions so I wasn't getting to use them anyway. The lower federal tax rates and elimination of the marriage penalty and AMT (at least for me) is giving me a large tax break. Same. I lose about ~$25-30k in itemized deduct...
by HornedToad
Sat Oct 13, 2018 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Get rid of my Roth IRA?
Replies: 30
Views: 1967

Re: Get rid of my Roth IRA?

If you can give an advantage to doing so then we can evaluate it. All I see are CONS.
by HornedToad
Sat Oct 13, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 102
Views: 10562

Re: Visiting Parents

Dottie57 wrote:
Sat Oct 13, 2018 10:20 am
EyeDee wrote:
Sat Oct 13, 2018 10:13 am
.
Myamar,

If the condo is big enough now except when your parents visit, why not put them up in nice nearby hotel to avoid crowding everyone during their visits. At least until something larger works for you.
+1
+2. Hotels are cheaper than housing
by HornedToad
Wed Oct 03, 2018 7:34 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6410

Re: Is this ignorance or intentionally misleading?

Sorry, but no. If the problem being solved is "when should I retire", the life expectancy you want is the one calculated based on your age at expected retirement. In other words: "if I make it to retirement, how much retirement should I plan for?" The number you need is your life expectancy CONDITI...
by HornedToad
Wed Oct 03, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6410

Re: Is this ignorance or intentionally misleading?

I think life expectancy from 0 makes more sense here. Sorry, but no. If the problem being solved is "when should I retire", the life expectancy you want is the one calculated based on your age at expected retirement. In other words: "if I make it to retirement, how much retirement should I plan for...
by HornedToad
Wed Oct 03, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6410

Re: Is this ignorance or intentionally misleading?

I think life expectancy from 0 makes more sense here. Sorry, but no. If the problem being solved is "when should I retire", the life expectancy you want is the one calculated based on your age at expected retirement. In other words: "if I make it to retirement, how much retirement should I plan for...
by HornedToad
Wed Oct 03, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6410

Re: Is this ignorance or intentionally misleading?

I think life expectancy from 0 makes more sense here. The article is not for people already at 65 or 70 years old, but for people looking at and planning retirement and they might be 20,30, 50, or 70. If you are 30, you shouldn't be looking at 83 (as if you were 65) as your life expectancy because y...
by HornedToad
Tue Oct 02, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5769

Re: Root of Good's cost of raising a child: $3,300 per year

He shows $0 for healthcare. So is he not paying health insurance? How wonderful. :| I suspect that you and I are paying those healthcare costs. :annoyed (What is annoying here, for me, is that he apparently is doing this by choice, not because of limited resources/medical problems/lack of education...
by HornedToad
Tue Sep 25, 2018 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Highly Compensated Employee - better to get paid $119k than $121k?
Replies: 8
Views: 2316

Re: Highly Compensated Employee - better to get paid $119k than $121k?

For mega backdoor Roth IRA, it uses an aftertax 401k that rolls over to Roth Ira. If your plan doesn't offer in-service withdrawals or distributions then you can't use mega backdoor Roth IRA anyway. I would assume most firms that allow that have a safe harbor 401k plan. Also, if you aren't using a n...
by HornedToad
Sat Sep 22, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7642

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

Markr867, 1) Are you "House Poor" asset wise? Are you overexposed to the house? A 304K mortgage means that you have a 400K or more house. Even if you max up 2 x 401K and 2 X Roth IRAs, it is about 50K per year. It will take you quite a while before your portfolio reaches 800K and the house's value ...
by HornedToad
Sat Sep 22, 2018 12:18 am
Forum: Personal Consumer Issues
Topic: What to wear for job interview - skip the tie?
Replies: 83
Views: 9320

Re: What to wear for job interview - skip the tie?

Which geographic region? If west coast skip the tie. Rest of the U.S. probably wear one. It can be a negative to wear suit and tie to interviews in the role you described in California or other areas of west coast because then you might not be a "culture fit." I'd either go tie and no suit, or suit ...
by HornedToad
Thu Sep 20, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7904

Re: Hubby soon to be laid off

If you want to stay, refinance your mortgage to a 30 year. That will cut your mortgage payment by 1/3 even with a higher interest rate. Let your heirs pay off the mortgage when they sell the house. If your husband gets another job you can aggressively pay it off. If you go that route the extra inte...
by HornedToad
Wed Sep 19, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Concerns over funding priority when investing with debt
Replies: 42
Views: 2213

Re: Concerns over funding priority when investing with debt

I am not very familiar with a mega-backdoor Roth, but my understanding is that the money grows tax-free. Thus there is no reason I can even begin to think of where it would make sense to stop investing in the mega-Roth, and instead invest in taxable. So max the tax-advantaged, and then put anything...
by HornedToad
Wed Sep 19, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Concerns over funding priority when investing with debt
Replies: 42
Views: 2213

Re: Concerns over funding priority when investing with debt

<< I'll feel much more comfortable if our debt level is under $200K. >> That does not make any sense. You have a 1.4M house. It is an illiquid asset. Keeping the debt level at 200K simply mean that you have a lot of eggs in the house basket. Your investment is not going to reach 2M or more any time...
by HornedToad
Wed Sep 19, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Concerns over funding priority when investing with debt
Replies: 42
Views: 2213

Re: Concerns over funding priority when investing with debt

Why is the investment / debt ratio important to you? The only ratio that matters for your mortgage is your income-to-debt coverage ratio. If you believe your income will decline significantly in the near future then you should accelerate your mortgage payback. If not, then you shouldn’t change a th...
by HornedToad
Thu Sep 13, 2018 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 10447

Re: Side Hustle Options/Suggestions.

If you are a working professional with a valuable skillset then you shouldn't have a side hustle IMO. You should either 1. Work harder on your main job to try to advance up the ladder, get bigger bonuses, improve your technical skills for the next position you want, etc 2. Or develop a side business...
by HornedToad
Sat Sep 08, 2018 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 45423

Re: Lucrative careers?

Some tech companies give out RSUs in terms of $, not # of shares. So you are guaranteed that amount of $ no matter what happens to the stock. Of course that also caps your upside. Let's see if I can salvage something informative out of this thread. I don't understand how RSUs, which are shares and ...
by HornedToad
Tue Sep 04, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: How to "waste" money on groceries?
Replies: 109
Views: 9902

Re: How to "waste" money on groceries?

Juicing /pressed juices - this can really add up at $7-10 a Juice
Premade lunches/salads
Making a menu before going to grocery store instead of making a menu based on deals for the week at the store
Seafood
by HornedToad
Tue Sep 04, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice Please!
Replies: 20
Views: 1934

Re: Career Advice Please!

How many years at your current employer would it take to make up the 30% compensation increase? This seems like a no brainer with more room to grow. You've maxed out at your current small company and are staying out of loyalty. If you didn't have history at the current company and were looking at bo...
by HornedToad
Tue Sep 04, 2018 4:13 am
Forum: Personal Finance (Not Investing)
Topic: Help make me more employable
Replies: 18
Views: 2642

Re: Help make me more employable

I second the Data Science approach. I'd also consider exploring becoming a Machine Learning Engineer. There are plenty of great medical, hardware, and robotics-based companies that would love to hire a ML engineer with your background. Agreed. Leverage your MatLab experience to learn python/R and t...
by HornedToad
Thu Aug 30, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 45423

Re: Lucrative careers?

If anyone has any doubts about the starting compensation for software engineers at the FAANGs or FAANG-like companies, I would advise that they check out https://www.levels.fyi/ and https://www.teamblind.com/articles/All, which are popular amongst those actually in the industry. TC ("total compensa...
by HornedToad
Thu Aug 30, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 45423

Re: Lucrative careers?

Personally, I've had equity in about 2/3rd of my past employers, which were all technology companies (i.e. I wasn't in IT at a non-tech megacorp). Of all the companies out there that attempt to normalize salaries for tech workers, Paysa seems to do the best but their data on equity is spotty at bes...
by HornedToad
Thu Aug 30, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: Can margin be beneficial for long-term investing?
Replies: 61
Views: 3830

Re: Can margin be beneficial for long-term investing?

I’d be more inclined to carry an interest only mortgage than use margin.
by HornedToad
Wed Aug 29, 2018 12:45 am
Forum: Investing - Help with Personal Investments
Topic: thinking of paying off mortgage pls help
Replies: 52
Views: 3210

Re: thinking of paying off mortgage pls help

Condolences on your loss. You are doing a good job taking over and adjusting to the situation. Give yourself alot of credit. You and your late husband did a good job of managing the finances and having life insurance to help with this. I think in your scenario I would also pay off the mortgage to be...
by HornedToad
Fri Aug 24, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 22125

Re: Decent compensation to move to Bay Area CA?

Because the house has the potential of appreciating 10%/yr. House across the street from me has done exactly that over past 20 years Interesting. In that case I wonder why are the rents so low? If folks are willing to over-bid $1mil, then surely they can rent these homes for more than a measly $5k?...
by HornedToad
Thu Aug 23, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 22125

Re: Decent compensation to move to Bay Area CA?

I have a family of 4 and we live in Charlotte area. I make ~ $140k annually (can sacrifice my work life balance and make ~160k) as an IT guy (I'm a kind of tech lead \ architect). We live in a $320k 2400 sq ft 4bd house and are able to save few buck into taxable account (401k maxing out as well). I...
by HornedToad
Wed Aug 22, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: "By not having a will, Aretha Franklin likely left her heirs with lots of headaches"
Replies: 31
Views: 2600

Re: "By not having a will, Aretha Franklin likely left her heirs with lots of headaches"

JoeRetire wrote:
Wed Aug 22, 2018 4:41 pm
Every adult should have a will. I see no upside to avoiding it.
I haven't bothered with a will. All my accounts have TOD beneficiaries for both primary and secondary and my house is community property with right of survivorship.

Only if my wife and I both died then it'd be a pain for them
by HornedToad
Tue Aug 21, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: CPA/Account error - who's responsible?
Replies: 24
Views: 2122

Re: CPA/Account error - who's responsible?

meh....I'm not cutting ties. I have a lot invested into this business relationship. They've been good to me over the years - offering sound tax and business advice. Just more curious about whether they have any exposure/liability. If so, that helps me develop the talking points for my next conversa...
by HornedToad
Tue Aug 21, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 5142

Re: Is divorce a wise financial move?

I can’t believe you were considering divorce to just save a thousand bucks It’s fine that some folks on this thread have an emotional attachment to legal marriage. I personally don’t want the government involved in my personal relationships and I certainly don’t like a legal contract that hurts me ...
by HornedToad
Mon Aug 20, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: How do you measure % of international holdings?
Replies: 10
Views: 898

Re: How do you measure % of international holdings?

Percent of equities makes more sense.

If I have 60% equities, 30% bonds and 10% real estate saying 40% international means more in relation to the domestic/international split than trying to say i have 40%*60% international equities... IMO
by HornedToad
Sun Aug 19, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: PCP Wants Full Charge Up Front [Primary Care Physician]
Replies: 108
Views: 6754

Re: PCP Wants Full Charge Up Front [Primary Care Physician]

Your doctor files an insurance claim for your visit as a courtesy and convenience to you, so you don't have to do it. By no means are they obligated to do so. I think you are using the term courtesy and convenience when you should be saying in order to be market competitive . Paying the copay at ti...
by HornedToad
Sun Aug 19, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Sheraton Kauai timeshare
Replies: 35
Views: 3967

Re: Sheraton Kauai timeshare

You are missing the point--false pretenses -! You are not living with honest intention if you pretend interest when there is none. For ANYTHING ! YOU have to look at yourself in the mirror each day-! What do you want to see there? That's the entire premise of these time share offers. Get people who...
by HornedToad
Sat Aug 18, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 14162

Re: Remind me (again) how real estate isn't a GREAT investment?

If you want a real estate investment but don't have effort/inclination to be hands on, then try one of the real estate crowdfunding sites: RealityShares, Fund this flip, etc. White Coat Investor invests in several of these options and I see it mentioned by other passive income financial blogs.
by HornedToad
Thu Aug 16, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 48
Views: 5792

Re: Fidelity 401(k) millionaires hits record high

I am quite surprised at how relatively few Fido 401 (k) millionaires there are. I wonder how Vanguard or TIAA figures compare. It took us til this year to reach that number with Fidelity, partly because I was stupid enough to bail during the 2008 market meltdown. If I hadn't done that, we'd have re...
by HornedToad
Thu Aug 16, 2018 2:08 pm
Forum: Investing - Theory, News & General
Topic: NRIA.NET - Real Estate Private Placement - 16% return
Replies: 21
Views: 2878

Re: NRIA.NET - Real Estate Private Placement - 16% return

It's not clear why I should invest in that vs real-estate crowdfunding companies that look more reasonable. Realtyshares, Fund that flip, etc

Or just a general REIT.
by HornedToad
Thu Aug 16, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Married and Hoping to Start on the Right Foot
Replies: 22
Views: 1592

Re: Newly Married and Hoping to Start on the Right Foot

Why are you doing r401k? You're in CA. What do you mean by this? I go back and forth on whether or not Roth is the right answer and a few people have alluded to the fact that I should switch. Could someone please elaborate? Your taxes would be reduced (deferred) if you do traditional instead of rot...
by HornedToad
Thu Aug 16, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Big 4 Who Jumped to Industry - Compensation
Replies: 35
Views: 5906

Re: Big 4 Who Jumped to Industry - Compensation

Goingconcern.com has annual compensation threads per big four that people put in region, position, line of business and raise. I looked at their website and only saw PWC for 2018 but 2017 should have broader information if that’s helpful.
by HornedToad
Wed Aug 15, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2576

Re: Is the price of a new car a good proxy for the expense of owning it?

On the main topic of the thread, I would consider the real answer to be the above analysis done sans financing and depreciation costs. As it is everything is certainly swamped by that. That analysis might be a good way to answer a different question but for better or worse financing and depreciatio...
by HornedToad
Wed Aug 15, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2576

Re: Is the price of a new car a good proxy for the expense of owning it?

On the main topic of the thread, I would consider the real answer to be the above analysis done sans financing and depreciation costs. As it is everything is certainly swamped by that. That analysis might be a good way to answer a different question but for better or worse financing and depreciatio...
by HornedToad
Wed Aug 15, 2018 12:56 am
Forum: Investing - Help with Personal Investments
Topic: Max'ing contribution to retirement accts
Replies: 8
Views: 1357

Re: Max'ing contribution to retirement accts

You are describing the Mega Backdoor Roth IRA but confusing how it works.

Here's a couple articles on it:

https://www.whitecoatinvestor.com/the-m ... -roth-ira/
https://momanddadmoney.com/mega-backdoor-roth-ira/
by HornedToad
Tue Aug 14, 2018 11:50 pm
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2576

Re: Is the price of a new car a good proxy for the expense of owning it?

It's a higher due to depreciation and short life cycle of the car.

I prefer to separate out depreciation cost, which price approximates and maintenance cost of the car, which price doesn't necessarily approximate.
by HornedToad
Tue Aug 14, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 7887

Re: Marriage [How should finances be handled?]

Yours, Mine and Ours accounts, Put a small amount each month in the Yours and mine accounts and the vast majority in the ours. This allows you to buy gifts for each other from personal money instead of it just being joint funds, prevents gifts being spoiled because someone updated the quicken before...
by HornedToad
Fri Aug 10, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Response from boss re: market analysis
Replies: 71
Views: 7821

Re: Rude response from boss re: market adjustment

Why on earth are you trying to make a proposal of market adjustment for the entire department instead of focusing on your salary and asking for a raise based on market and your value to the company. It's exceedingly rare/impossible for a company to randomly increase the salary of a department to mar...
by HornedToad
Thu Aug 09, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed on final house negotiations
Replies: 37
Views: 2564

Re: Advice needed on final house negotiations

Of course he’s allowed to do that. You’ve asked for a lot, they’ve said we’ll do all but X. Decide whether to take it or not. They probably also want a little bit or a win since have given in other scenarios. Looks like this is the final offer, so take out emotion and decide whether you want to buy ...
by HornedToad
Thu Aug 09, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Offering 401k Advice to my coworkers?
Replies: 36
Views: 3556

Re: Offering 401k Advice to my coworkers?

You were providing advice and asking the company to send it to the employees.

You can do the same thing as what you want with an off-the-clock lunch and learn or something of that effect where its not a sponsored event.
by HornedToad
Thu Aug 09, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: The Most Googled Money Terms in America
Replies: 17
Views: 2899

Re: The Most Googled Money Terms in America

Some of them overlap:
Minnesota and Illinois - Property tax and property taxes
Michigan and Missouri: Earn more money and How to make more money
Florida and Texas: Credit card and best credit card


I think it was an interesting chart. Louisiana searching for payday loans is sad to see.