Search found 923 matches

by HornedToad
Wed May 22, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Why Do Homeowners Have Higher Net Worths than Renters?
Replies: 30
Views: 2173

Re: Why Do Homeowners Have Higher Net Worths than Renters?

Because rich people buy homes so they don't have to move as much.
by HornedToad
Tue May 21, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Compensation negotiation strategy (rocket ship tech)
Replies: 27
Views: 3345

Re: Compensation negotiation strategy (rocket ship tech)

UPDATE: Just spoke with my boss during my first six month review. No change in compensation, but he did say very complimentary things about my work and told me to expect a promotion to Sr Manager at our next six month check in. Asking around, I’m expecting that to be a $50k bump which would bring m...
by HornedToad
Tue May 21, 2019 11:08 pm
Forum: Investing - Theory, News & General
Topic: Roth 401k vs. traditional for high income earner
Replies: 21
Views: 1088

Re: Roth 401k vs. traditional for high income earner

This article is relevant for your scenario. TFB is/was a bonehead poster

https://thefinancebuff.com/roth-401k-fo ... e-max.html
by HornedToad
Mon May 20, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 5847

Re: At what NW do I have disposable income?

It's silly to look at NW for disposal income instead of current cash flow. It also requires either re-defining disposal income or leaving extremely miserable. More importantly, I fail to see why it's desirable to live like a miser when you are ~20 years old to guarantee your 65 year old self can liv...
by HornedToad
Sun May 19, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: Guidance to Parents With Kids Majoring Computer Science
Replies: 25
Views: 2284

Re: Guidance to Parents With Kids Majoring Computer Science

I am dubious about the claim that an individual contributor at Google with 8 years experience makes $500k a year while the same individual contributor at Intel only makes $150-200k a year. You can get pretty accurate salary info on glassdoor: Google Software Engineer: ~150k average total pay (based...
by HornedToad
Sun May 19, 2019 2:28 pm
Forum: Personal Consumer Issues
Topic: Guidance to Parents With Kids Majoring Computer Science
Replies: 25
Views: 2284

Re: Guidance to Parents With Kids Majoring Computer Science

I am dubious about the claim that an individual contributor at Google with 8 years experience makes $500k a year while the same individual contributor at Intel only makes $150-200k a year. He's cherry picking some but it's not unusual for engineers from top companies with 8 years experience to be i...
by HornedToad
Wed May 15, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6357

Re: Do you reward yourself for achieving a financial goal?

My wife and I go out to a nice dinner (~$200-400). Less now than we used to but we'll probably do the same the next big milestone.
by HornedToad
Sun May 12, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5598

Re: Can we really afford $1.25M house?

I calculate a 30 yr fixed at 1MM at 3.25% with 1.4% tax and 1500/yr homeowners insurance to be $7,310 per month. Far cry from your quote of about 6k and I suspect my insurance estimate is low and my rate estimate is really low for your situation. It's probably pretty accurate. Tax is most likely mo...
by HornedToad
Sun May 12, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5598

Re: Can we really afford $1.25M house?

You can afford it easily; especially with how much you are paying in rent. It's really a question of financial priorities. If you really wanted to you could sell all the stocks and easily be able to afford mortgage with just base salary. If you really wanted to be more conservative then sell the inv...
by HornedToad
Thu May 09, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Bidding War
Replies: 20
Views: 2677

Re: Rental Bidding War

This is a risk/reward question based on houses available and what type you like. There's nothing wrong saying you are willing to pay $100/mo more or are willing to sign a one year lease/etc to make your application stick out.
by HornedToad
Wed May 08, 2019 11:22 pm
Forum: Personal Investments
Topic: Mega-Backdoor Roth strategy wrong everywhere?
Replies: 17
Views: 2102

Re: Mega-Backdoor Roth strategy wrong everywhere?

At high income, pre-tax is generally better than post tax savings. Especially if also maxing our mega backdoor to have tax diversification options.

TFB (the finance buff) has an article on using Roth 401k for people who max out the 401k for consideration
by HornedToad
Wed May 08, 2019 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: 2 Job Offers, Relocation - Stuck & Need Advice
Replies: 16
Views: 1841

Re: 2 Job Offers, Relocation - Stuck & Need Advice

Clearly #1 or #2 based on personal excitement factor and opportunity for career growth. Otherwise #4 which is a job like #1 but not quite as strict of a salary cut
by HornedToad
Wed May 08, 2019 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Car shopping advice (sanity check)
Replies: 56
Views: 4801

Re: Car shopping advice (sanity check)

Savings rate is not worth arguing about since it is personal and regardless of how you calculate you save a lot. Most common is pre-tax but after tax is also used as long as people are clear on definition. The disadvantage of after tax income in savings rate is just that you are potentially mixing p...
by HornedToad
Wed May 08, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Compensation negotiation strategy (rocket ship tech)
Replies: 27
Views: 3345

Re: Compensation negotiation strategy (rocket ship tech)

The companies view is that both of you are above target compensation since the stock has gone up so much and you should be happy for the success and increased Comp, not complaining that someone else who joined earlier and benefitted from lower stock prices makes more than you. AWS bakes into their m...
by HornedToad
Sun May 05, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding how much house we can afford - from inheritance in taxable accounts!
Replies: 8
Views: 786

Re: Deciding how much house we can afford - from inheritance in taxable accounts!

How old are you and how much is it possible for your incomes to rise next 3-5+ years?

If you qualify for $1M, I could see pulling ~250k from the taxable account to afford 1.25M. I wouldn’t do much more than that since then you are forfeiting a lot of the advantage of the inheritance.
by HornedToad
Fri May 03, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Giving two week's notice before stock options vest
Replies: 91
Views: 5485

Re: Giving two week's notice before stock options vest

I recently had a similar situation, but I was leaving for a direct competitor, so I knew I would be walked out the door immediately upon giving my notice. What I wasn't sure about was whether they would pay me for the 2 weeks notice. Lying about where I was going wasn't an option for me since I val...
by HornedToad
Sat Apr 27, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 164
Views: 16818

Re: Whats the Point of Climbing the Corporate Ladder?

I think about this as well. More in the context of whether to stay at my same company or look at switching for career advancement. Currently I have minimal commute, believe in our mission, make decent money, like the people I work with and I am respected at work. All of that keeps me here. I am tryi...
by HornedToad
Tue Apr 23, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: At what age did you buy your first first class airplane ticket?
Replies: 112
Views: 4419

Re: At what age did you buy your first first class airplane ticket?

First class has basically zero value for me vs a lie flat business seat. Only fly first class when there is not a business option (shorter routes) and almost always with points.
by HornedToad
Tue Apr 16, 2019 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 92
Views: 8011

Re: Job Offer Evaluation - FANG

Take the money and the increased career growth options in ~4 years when you consider what's next from your career. You are too young to settle long term unless you also have a direct path to promotions in current role and it doesn't read that way. Hopefully you aren't in a crazy hours team in presum...
by HornedToad
Sun Apr 14, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 64
Views: 8302

Re: Can we afford a $1mil home?

Curious - what do you guys think would be a comfortable max amount they could buy with their numbers? Asking as I am in the same boat with nearly identical figures and in Very HCOL area Heavily dependent on various tradeoffs: kids in the near future, other major regular expenses (wedding, regular f...
by HornedToad
Fri Apr 12, 2019 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for 30 y/o in software sales
Replies: 16
Views: 1693

Re: Career advice for 30 y/o in software sales

Financially it's a no brainer. Career-wise, it's also a step up in terms of company recognition and growth. Generally you learn the most, and grow and develop by stepping out of your comfort zone and trying something new. I think it's a great move. Go to the last interview, do your best and be yours...
by HornedToad
Fri Apr 12, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 64
Views: 8302

Re: Can we afford a $1mil home?

Curious - what do you guys think would be a comfortable max amount they could buy with their numbers? Asking as I am in the same boat with nearly identical figures and in Very HCOL area Heavily dependent on various tradeoffs: kids in the near future, other major regular expenses (wedding, regular f...
by HornedToad
Fri Apr 12, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 64
Views: 8302

Re: Can we afford a $1mil home?

Most important consideration for buying a house in the bay area is your location relative to work and how long you are planning on staying at those jobs, as well as location relative to potential jobs. Bay Area traffic has made it so you can't buy in the bay and commute to other suburbs/cities farth...
by HornedToad
Fri Apr 12, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 8631

Re: Buying a house next year. Wife wants a big house. Thoughts?

You can afford it... and a happy wife is a happy life. I know looking at a house as an investment is generally frowned upon here... but you can definitely try using your house to diversify your portfolio a bit. This. It’s easily affordable so the discussion is not strictly finances but trade off of...
by HornedToad
Fri Apr 12, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Appraised vs Market Value of Home
Replies: 23
Views: 1347

Re: Appraised vs Market Value of Home

It feels like your looking for an excuse not to buy a house. That’s perfectly fine but this argument seems pretty pedantic and trying to rely on outdated mass appraisals tied to property taxes for any form of market value is an exercise in futility
by HornedToad
Wed Apr 10, 2019 11:01 pm
Forum: Personal Consumer Issues
Topic: Are Airport Lounges Worth the Money?
Replies: 95
Views: 8250

Re: Are Airport Lounges Worth the Money?

I get Priority Pass for free from CSR or from business class flights due to points so its a nice perk.

I think CSR is overall worth it if you travel alot with a net $150/yr CC fee when you consider the other benefits of the card.
by HornedToad
Tue Apr 09, 2019 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17690

Re: Bogleheads, why wont anyone hire me?

It's not clear what your skillset is as both business and healthcare admin are very broad fields. What are the jobs you'd be the best candidate for and apply to those. Tailor your resume for them as well and highlight the relevant classes you've taken or get a recent certificate or class that's rele...
by HornedToad
Tue Apr 09, 2019 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is a work-at-home job have the same expectations as the office job?
Replies: 63
Views: 3497

Re: Is a work-at-home job have the same expectations as the office job?

I WFH 10% - 20% of the time. I make sure to take an hour lunch break which I mark on my calendar, but other than that I'm available during normal business hours, as that's important in my line of work. Stepping away for 15 minutes a couple times is fine too. I can't imagine watching young children ...
by HornedToad
Fri Apr 05, 2019 3:34 pm
Forum: Personal Consumer Issues
Topic: Family flying - picking seats at booking
Replies: 75
Views: 4883

Re: Family flying - picking seats at booking

Get a frequent flyer account with whichever airline you choose. That can often helps. Southwest is the Walmart if airlines and sucks. I fly it only as a last resort. I recently traveled with my family. Despite me being A-list, the family was not. Unlike United where my status gives me the ability t...
by HornedToad
Wed Mar 27, 2019 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Are family vacations considered a reportable gift?
Replies: 33
Views: 3700

Re: Are family vacations considered a reportable gift?

There's no way that paying for a wedding if you directly pay the vendors is a gift. That's the same thing as the parents hosting an expensive party. If you then give the money to your child and they pay the vendors then I could see it as a gift. Similarly, if you go on a family vacation and pay for ...
by HornedToad
Mon Mar 25, 2019 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Do you treat inheritance as a singular or shared asset?
Replies: 113
Views: 5444

Re: Do you treat inheritance as a singular or shared asset?

Separate and just invested. But she generally uses the money for joint things or to upgrade things that I would not want to spend the money on (ala a nicer car for her)
by HornedToad
Thu Feb 28, 2019 8:04 pm
Forum: Personal Consumer Issues
Topic: Starting a travel blog/youtube channel and deducting travel expenses?
Replies: 16
Views: 722

Re: Starting a travel blog/youtube channel and deducting travel expenses?

If you go on 5-10+ trips a year for 3+ years and travel blog all of them and spend money to try to build an audience with monetization options, then I think it's legitimate and this would just be the first trip. If you do this once and never post again or don't actually try to expand the business th...
by HornedToad
Sun Feb 24, 2019 2:27 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2045

Re: How to max employer portion of 401k

Highly doubtful you'll be able to do anything here, nor should you IMO. You might be willing to take a lower salary for more 401k match but that doesn't mean the other 19 people will want to do that. Especially if they are already maxing the employer portion and the lower salary would just affect th...
by HornedToad
Wed Feb 20, 2019 2:49 pm
Forum: Personal Consumer Issues
Topic: Working remotely + lot of vacations
Replies: 25
Views: 3111

Re: Working remotely + lot of vacations

I would be careful doing this and definitely talk to your manager. As a remote worker, you presumably have very good internet at your house, a good working room that's quiet with good phone/headset/etc and you are working PST hours. If you go remote in a "vacation" location and your internet changes...
by HornedToad
Mon Feb 18, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Car purchase, income ratio
Replies: 22
Views: 1755

Re: Car purchase, income ratio

I like the 10% rule. Don't spend more than 10% of gross income on a car. For some people that's too low, for a very few it's too high, but it's a good reasonable target that keeps you from buying too much car. If you are spending $45k/each on two cars with ~$250k takehome then that's alot invested i...
by HornedToad
Wed Feb 13, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 5894

Re: Newlyweds and joint accounts for household expenses

Coming from someone married 12 years where we have always done the one pot of $$ thing, I have always been intrigued by the joint account for household and separate account for individual expenses. I would love to not stress about my wife spending more than I understand on a new purse or her to dis...
by HornedToad
Thu Jan 17, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 94
Views: 7730

Re: Should I buy a house in the Bay area or give up?

Once you buy a house (especially in San Jose) you are also reducing your career mobility. Right now, you could go get a job anywhere in the bay area for whatever is the best fit and make more money and accelerate your career. However, once you buy a house, you limit where you can work without a mise...
by HornedToad
Wed Jan 09, 2019 4:35 pm
Forum: Personal Investments
Topic: High Income for First Time, Kid on the Way, and I'm Overwhelmed with My Options (Long)
Replies: 43
Views: 3559

Re: High Income for First Time, Kid on the Way, and I'm Overwhelmed with My Options (Long)

This isn't the right way to think about it. You have two options: Option 1: Pay down debt. This returns you 7.65% risk free. Option 2: Invest. If you invest in something risk free, like short-term government bonds, you'll earn ~2% risk free (I didn't look up exact yields). Or you invest in somethin...
by HornedToad
Thu Jan 03, 2019 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Staying Hungry (Growing Income)
Replies: 4
Views: 868

Re: Staying Hungry (Growing Income)

Are you both accountants or are you actually CPA's/CMA's? Tax, Audit, Consulting, etc? By far the easiest and most lucrative path to small business for you is to leverage your existing skillset. How you leverage it would depend on your existing specialization and how you can further to specialize it...
by HornedToad
Tue Dec 18, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 5426

Re: Marriage and separate accounts - how does it work?

Our separate account is really play money and gifts, not true separation. We put $200/mo into our separate accounts and everything else goes to Joint. All expenses come from Joint and the personal accounts are just for personal expenses and you agree on what those are. We are also relatively loose w...
by HornedToad
Tue Dec 11, 2018 10:05 pm
Forum: Personal Consumer Issues
Topic: Trip to Italy
Replies: 42
Views: 2585

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: 6965

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: 1862

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: 3314

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: 6097

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: Personal Investments
Topic: Get rid of my Roth IRA?
Replies: 30
Views: 2028

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: 110
Views: 13278

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: 6675

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: 6675

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: 6675

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...