Search found 933 matches

by HornedToad
Sat Jun 08, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing Dilemma
Replies: 11
Views: 1218

Re: Refinancing Dilemma

IMO, you should refinance with no costs and compare just the loan rate at no cost. That also makes you more willing to refinance in future if rates drop further since its no cost.
by HornedToad
Mon Jun 03, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 7992

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

I tend to lean towards the thinking of split inheritance by children and not grand children. The children can then handle how much to give to their kids directly. If you want to pay towards college, then make that a separate bequeth that's explicit for college. Ala, Grandparent has 2 kids. Child A: ...
by HornedToad
Thu May 30, 2019 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Advising young adult on pharma career-Phd?
Replies: 19
Views: 1728

Re: Advising young adult on pharma career-Phd?

Startup biotech companies and the cloud is starting to completely change the nature of research. It's usually a combination of a software engineer, a scientist (biology of some form) or computational biologist working together to launch 100s of machines in AWS to execute simulations and models and t...
by HornedToad
Wed May 29, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14559

Re: Can we afford to pay for our kid's college (at all)?

Let's be a little less judgmental and more like Mr. Spoc and simply look at the numbers. Things desired: Pay for college for 2 kids. Pay off debt. Pay into retirement savings. One can't do all 3 right now. So it's simply a matter of setting up priorities. The end. He can do all 3. He can't do the 4...
by HornedToad
Wed May 29, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14559

Re: Can we afford to pay for our kid's college (at all)?

No point in crying over spilled milk. Sure it would have been better to have this discussion a while back, but now is better than never. Options are fewer now, but there are still options. Indeed, but the burden of dealing (financially) with the lack of planning falls heavier, IN MY OPINION, on the...
by HornedToad
Wed May 29, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14559

Re: Can we afford to pay for our kid's college (at all)?

I don't agree with this at all, what OP does with his money is his choice - whether he chooses a McMansion, travel, and a Porsche over paying for their children's college is totally their choice - but they do need to be very upfront with their child about what this is going to cost them. Sounds lik...
by HornedToad
Wed May 29, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14559

Re: Can we afford to pay for our kid's college (at all)?

Let me be clear, I think my parents are insane for these choices and I'm fully prepared to give them my last dollar if they need it at some point in their lives. I don't necessarily think parents are obligated to make sacrifices to that extreme. But you don't get to drive a Porsche and live in a ma...
by HornedToad
Wed May 29, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14559

Re: Can we afford to pay for our kid's college (at all)?

Let me be clear, I think my parents are insane for these choices and I'm fully prepared to give them my last dollar if they need it at some point in their lives. I don't necessarily think parents are obligated to make sacrifices to that extreme. But you don't get to drive a Porsche and live in a ma...
by HornedToad
Tue May 28, 2019 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14559

Re: Can we afford to pay for our kid's college (at all)?

You can easily afford it. It's just whether you choose to is the question. $120k year into retirement savings for 12 years is the same as 100k into retirement savings for 14 years and probably better. So the question is whether working 18-24 months longer so kids can go to college is a priority to y...
by HornedToad
Mon May 27, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE in 6-7 years vs 20+ years
Replies: 44
Views: 4881

Re: FIRE in 6-7 years vs 20+ years

Take a week vacation where you sit and do nothing.

Then you’ll be in a better state to assess and try to balance regular relaxing vacations to prevent burn out. Nothing wrong with downshifting in a while but do it because you want to, not because too burned out
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: 2384

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: 3504

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: 24
Views: 1597

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: 5964

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: 2367

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: 2367

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: 6562

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: 5712

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: 5712

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: 2722

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: 2147

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: 18
Views: 2234

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: 5058

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: 3504

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: 812

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: 5765

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: 17039

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: 4541

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: 101
Views: 10399

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: 8359

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: 1714

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: 8359

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: 8359

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: 8727

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: 1363

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: 8344

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: 17846

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: 3545

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: 4918

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: 3722

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: 5502

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: 731

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: 2091

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: 3119

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: 1772

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: 5921

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: 7826

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: 3652

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: 872

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: 5451

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...