Search found 245 matches

by knowledge
Wed Mar 07, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Estimated taxes, bonus, RSU's
Replies: 6
Views: 866

Re: Estimated taxes, bonus, RSU's

Sure, your plan should work and you'd be compliant...but why not just adjust your salary withholding now to meet your expected 2018 tax liability?
by knowledge
Fri Mar 02, 2018 3:42 pm
Forum: Personal Investments
Topic: Receiving company stock / options for 1st time...
Replies: 9
Views: 786

Re: Receiving company stock / options for 1st time...

You are being given a bonus, in the form of company stock. Your tax situation would be the same as if you'd been given the same amount in just cash. So ask yourself, if you were given a $12k cash bonus, would you use the after-tax proceeds to buy shares of the company you work for? If the answer is ...
by knowledge
Wed Feb 14, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: C-Suite etiquette advise needed
Replies: 27
Views: 4246

Re: C-Suite etiquette advise needed

That's a tough one. Most luxury hotels will know exactly how to accommodate you. I'd find out which assistant is arranging the whole trip (possibly the CEO's assistant) and talk with them directly. Without excess apologizing, let them know that you'd like to ensure that your dietary needs are accom...
by knowledge
Wed Feb 07, 2018 9:26 am
Forum: Personal Investments
Topic: Buying options on ESPP shares
Replies: 5
Views: 651

Re: Buying options on ESPP shares

Yes - take a look at company policies. If in doubt, ask someone. Typically options on your company are a no-no, even if they are for hedging purposes. Secondly, most ESPP programs have caps on the purchase amounts. I believe the standard is ~$25k, which means that the discount of 15% produces a gain...
by knowledge
Mon Feb 05, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: New Payroll Withholding: Out of State NY / NJ
Replies: 13
Views: 982

Re: New Payroll Withholding: Out of State NY / NJ

I also work in NYC, live in NJ. Your post made me double check my paystubs and no, no NJ withholding for me.
by knowledge
Thu Feb 01, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 15909

Re: When did the bad news start in 2008?

Folks were nervous for a long time before things started to really begin. Which is salient point today. I recall debating whether or not we were in a housing bubble on other boards in 2004. This was further reinforced when I briefly entertained taking out a mortgage for my parents house and I got ap...
by knowledge
Wed Jan 31, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: is yodlee moneycenter dead?
Replies: 19
Views: 8267

Re: is yodlee moneycenter dead?

I suffered through the transition to whatever the new service is called. Since September I've basically just used it to track and categorize spending - via downloading to my own excel sheet. Today, I login and they ask for my mobile, which I blindly submitted (assuming it was for 2FA) and it says my...
by knowledge
Tue Jan 30, 2018 2:27 pm
Forum: Personal Investments
Topic: Divesting Company Stock Options
Replies: 9
Views: 1105

Re: Divesting Company Stock Options

To the OP: I think taking a bit off the table at a time is a reasonable approach towards options. I've left a life-changing amount of money on the table with my options (a 9-year bull market will do that) and it's caused me to reconsider my option strategy. As someone else mentioned above, try to ca...
by knowledge
Wed Jan 10, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Input/Thoughts Needed: Education/Career Path - Crucial Life Point
Replies: 14
Views: 1341

Re: Input/Thoughts Needed: Education/Career Path - Crucial Life Point

I don’t think you’ll much enjoy accounting. You’re too old and not in a prestigious enough track (on paper) to get into any of the big 4 as an entry level. And that’s pretty much the only way to have a meaningful/lucative accounting career. I would echo prior comments and try to dive yourself into a...
by knowledge
Fri Dec 22, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 27377

Re: Do you see a meaningful change in your income with new Tax Bill?

I'm estimating about a $12k reduction in federal taxes for 2018. This is due to eliminating the AMT and the much higher CTC income phaseouts, with everything else coming out as a wash. I don't know what the state income tax will be, but overall, it is meaningful.
by knowledge
Fri Dec 22, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 73436

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

Is there clarify on how the phaseout of the child care tax credit works? I understand that the MFJ phaseout begins at $400k AGI, but at what rate does the credit reduce, i.e., what's the max income where the CTC is goes away?
by knowledge
Fri Nov 10, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 184
Views: 26648

Re: Flying first class, business, versus economy.

The class levels on a plane have bifurcated in recent years. A biz class+ transcon flight will get you a lie-flat seat, a 18" monitor, solid to good+ food, and amiable, if not great service. In the back of the plane, you get 17-18" wide seats with 31-33" pitch with no frills, albeit entertainment is...
by knowledge
Tue Oct 17, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 57
Views: 6768

Re: Best way to make some dollars on a 10 day vacation?

From a pure utility POV, you'd likely be much better off taking those 10 days to invest in yourself - your health, happiness, knowledge, skills, etc.
by knowledge
Wed Aug 30, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating new job offer
Replies: 40
Views: 4323

Re: Evaluating new job offer

There's a reason you applied for the job. Seems like you're looking for 3rd parties to rationalize your desire to go. If I were you, I'd take the new job - While always tough to take a step back, I'm guessing a 10-15% cut in comp can be managed. And if the new company does hit, you'll have real equi...
by knowledge
Thu May 18, 2017 5:06 pm
Forum: Personal Investments
Topic: Is it better to stay at 19 or 24 paychecks per year?
Replies: 18
Views: 2443

Re: Is it better to stay at 19 or 24 paychecks per year?

I don't have an answer for you (my gut says it doesn't matter) just commenting because I'm curious - why 19? I've never heard of 19 paychecks a year.
by knowledge
Thu May 18, 2017 3:03 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 18041

Re: For those with $500k-$1m in investments...

27% Taxable, though a 1/3rd of those are tax-exempt.
by knowledge
Mon Feb 13, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Corp - Long Term Incentive
Replies: 13
Views: 2080

Re: Mega Corp - Long Term Incentive

From a personal finance perspective, there's almost no difference between the cash portion and the stock portion. The only difference is that for the stock portion, they choose to pay you compensation that is in the form of shares of the company. The tax consequences are equivalent as if you had a c...
by knowledge
Mon Feb 13, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Need quick advice: Pay full year's rent or large security deposit?
Replies: 47
Views: 3513

Re: Need quick advice: Pay full year's rent or large security deposit?

To the OP: what's the concern about being the guarantor on the lease? Would you not provide rental assistance if she wasn't able to make rent? If you are willing to make rent, I don't see how this choice is worse than your options (A or B). And that's why these guarantors exist. Fun fact - I was a g...
by knowledge
Mon Feb 13, 2017 3:08 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 24349

Re: Why do you go to restaurants?

If you're trying to justify the $$ spent going to a restaurant, then you're likely looking for reasons NOT to go. Here's a couple of others that may not have been mentioned: - The food doesn't scale for the home and/or doesn't travel well (so take-out/delivery doesn't work) - e.g, french fries are n...
by knowledge
Fri Jan 13, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 16180

Re: How much do you typically spend in a restaurant?

We have two young kids, so dining out happens very seldom, and if it does, mostly get it done as quickly as we can and no alcohol. If my wife and I were to go out ourselves, that would be an occasion, so we'd likely splurge ($200+). Food is an area where I know I spend more than the average bear, an...
by knowledge
Wed Nov 30, 2016 10:48 pm
Forum: Personal Consumer Issues
Topic: cheap hotels in NYC
Replies: 35
Views: 4990

Re: cheap hotels in NYC

you may want to consider priceline, if you're flexible about where you can stay. $200/night is definitely doable in Manhattan if you're willing to sacrifice space, amenities, and prime location. You don't have to go out to the outer boroughs for that price.
by knowledge
Wed Nov 30, 2016 10:12 pm
Forum: Personal Consumer Issues
Topic: another New York rental question
Replies: 40
Views: 4113

Re: another New York rental question

If she's ok with it, she may want to consider NJ: Hoboken and Jersey City. Your money goes farther when you write NJ instead of NY.
by knowledge
Tue Nov 22, 2016 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 14932

Re: Do you track your net worth? How long have you done so?

I have, and used to track it all online, beginning with Yahoo Personal Finance back in 2002. At the time, I believe my net worth was -$30k. Yahoo personal finance went away, moved over to Yodlee, and have been using it since, but historical net worth is not outputted accurately, and as such, I've lo...
by knowledge
Wed Nov 16, 2016 3:35 pm
Forum: Personal Investments
Topic: NQSO Tax Strategy
Replies: 13
Views: 3663

Re: NQSO Tax Strategy

You can do your own analysis, but since your options are down from prior highs, it's likely that the time component (6 years) of your option is more valuable than the spread in market vs. strike. I know that the taxes are a component of this analysis, but you don't want taxes to be driving your deci...
by knowledge
Mon Nov 07, 2016 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Newly married tax question
Replies: 4
Views: 571

Re: Newly married tax question

If you got married on 12/31/2016, you are classified as married for all of 2016. Same goes with kids, and other sorts of statuses.
by knowledge
Tue Oct 18, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]
Replies: 34
Views: 5318

Re: SS COLA for 2017 will be 0.4%

Note that the Contribution limit is up 7.3%, up to 127,200 from 118,500, per https://www.ssa.gov/OACT/COLA/cbb.html. I had read an explanation as to why, but didn't really absorb it.
by knowledge
Fri Sep 30, 2016 10:05 am
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 168
Views: 19386

Re: What kind of car do Bogleheads like to drive?

2014 Volvo XC60, bought used about a year ago. Have had no issues with it, and with what Volvo has coming down the pipe, they may have converted me for future purchases. We'll see, doubt I'll need another car for 5+ years or so.
by knowledge
Mon Sep 26, 2016 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: When (or whether) to have a second child
Replies: 37
Views: 5857

Re: When (or if) to have a second child

You are 10 weeks into your first baby and you're wondering about having a second ? When we were 10 weeks into our first, a second kid was the furthest thing from our mind, my guess is that we were worrying about sleep - the newborn's and ours. Give it time. Circumstances change in two years, or two...
by knowledge
Sat Sep 24, 2016 9:04 am
Forum: Personal Investments
Topic: Invest entire $1M windfall now or over time?
Replies: 39
Views: 7229

Re: Invest entire $1M windfall now or over time?

Sell it the minute the market opens on your first open day. All of it. I had a similar windfall (1/10 the amount) once and sold it all. Lots of others in the company did not. It tanked a couple months later and 15 years later, still hasn't recovered to the price where I sold. Put it in as a lump su...
by knowledge
Sat Sep 24, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: When (or whether) to have a second child
Replies: 37
Views: 5857

Re: When (or if) to have a second child

You are 10 weeks into your first baby and you're wondering about having a second? When we were 10 weeks into our first, a second kid was the furthest thing from our mind, my guess is that we were worrying about sleep - the newborn's and ours. Give it time. Circumstances change in two years, or two m...
by knowledge
Fri Sep 23, 2016 4:12 pm
Forum: Personal Investments
Topic: Invest entire $1M windfall now or over time?
Replies: 39
Views: 7229

Re: Invest entire $1M windfall now or over time?

Have you looked into various strategies to sell when lockup expires? I have no experience in this, but I would imagine that the stock typically dips 180 days after an IPO. I imagine there is existing analysis about this.
by knowledge
Sun Sep 11, 2016 9:44 pm
Forum: Personal Consumer Issues
Topic: Suggestions for locations for post-Christmas vacation in Carribbean?
Replies: 13
Views: 1754

Re: Suggestions for locations for post-Christmas vacation in Carribbean?

Are there any other filtering criteria? Particular type of island? Cost? The week you're looking at is the most expensive week of the year, so does that factor in?
by knowledge
Thu Jun 30, 2016 4:21 pm
Forum: Personal Consumer Issues
Topic: Car rental in Aruba
Replies: 14
Views: 1451

Re: Car rental in Aruba

As for why rent a car: if you use it everyday, it'll be more convenient, and there's plenty of sightseeing that can be done with a car. It's a small island, very easy to drive in. How is parking generally? I read that downtown is tough but is the rest of the island OK? From memory, that's right. In...
by knowledge
Thu Jun 30, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 44332

Re: Where were you financially when you were at 30?

When I turned 30, I was just recently married, making a combined ~$200k, and chasing good money after bad by buying a condo right before the property bubble burst. We had a frugal lifestyle leading up to this time period, and had no debt (student loans were paid off right before 30) besides the mort...
by knowledge
Thu Jun 30, 2016 9:10 am
Forum: Personal Consumer Issues
Topic: Car rental in Aruba
Replies: 14
Views: 1451

Re: Car rental in Aruba

I'm sure there are board members here that have been to Aruba more than the 2x that I've been there, but I would rent a car, with one caveat. I don't know what you'll get in a minivan, so I would research that before you do. I don't particularly recall any large cars there, so you may find that 6 pa...
by knowledge
Mon Jun 27, 2016 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: What's a reasonable credit limit to ask for?
Replies: 7
Views: 2037

Re: What's a reasonable credit limit to ask for?

It's my understanding that the max you can increase your credit line is 2x the current limit (without requiring more documentation for the cc company's due diligence). I've also not seen or heard any negative impacts to your credit score with having a large revolving credit line. So that leads to, a...
by knowledge
Thu Jun 16, 2016 2:58 pm
Forum: Personal Consumer Issues
Topic: Problems using Uber
Replies: 26
Views: 5152

Re: Problems using Uber

This is all from conversations with Uber drivers: - No, they don't know your destination until after they "start the trip", which happens after pickup. This makes sense, as if you allow your drivers to be selective about their destinations, that will impair passenger demand coverage. However, Uber d...
by knowledge
Mon May 09, 2016 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Am I about to lose $5,000/yr in taxes due to my move?
Replies: 7
Views: 1920

Re: Am I about to lose $5,000/yr in taxes due to my move?

Don't focus on the refund, focus on your actual tax paid. That's best found on your state filings every year. I'm in the same boat with your current situation - work in NYC, live in NJ. Since my income is almost all primarily NYS sourced, I pay and withhold NYS taxes. However, since I don't live in ...
by knowledge
Thu Mar 24, 2016 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 16764

Re: Financially, how have you done/doing vs. your parents?

My parents were both born in a time of war, and emigrated to the states and started small businesses, as that was really the only path available to them. There were some successes and failures since, and from a pure financial & lifestyle basis, I, along with my sister, are miles ahead of where they ...
by knowledge
Tue Mar 22, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Cost Basis for non-covered RSU's (ETRADE)
Replies: 8
Views: 5046

Re: Cost Basis for non-covered RSU's (ETRADE)

Your OP is correct on the tax reporting, one addition - the gross proceeds (RSUs vested x price at time of vesting) should be reported on your W2 by your employer. Assuming this is the case, for RSUs, NQSOs, ESPPs, you essentially end up with small capital losses, which are the commissions related t...
by knowledge
Mon Mar 14, 2016 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with Starwood Preferred Amex
Replies: 21
Views: 2645

Re: Anyone familiar with Starwood Preferred Amex

Have had the card for 10 years. Have used it with the intention of Starwood hotel stays, and have had some memorable free hotel stays generated by use of the card. It helps that my work prefers Starwood hotels. I'm anxiously awaiting the results of the Marriot buyout, although there is recent news t...
by knowledge
Fri Mar 11, 2016 10:56 am
Forum: Personal Consumer Issues
Topic: How much car to buy $$
Replies: 57
Views: 8046

Re: How much car to buy $$

For whatever reason, I've targeted ~ 10% of pre-tax HHI when purchasing cars. I've only bought 3 in my lifetime, and applied this rule for the last two, after realizing that I spent too much on my first car.

Once I set my budget, I focus on trying to get the best car for the buck.
by knowledge
Mon Mar 07, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Holding RSU/ESPP for ≥ 1 year
Replies: 13
Views: 2861

Re: Holding RSU/ESPP for ≥ 1 year

The above posters are right about the RSU, but there is a potentially large tax benefit to holding ESPP shares. If you sell immediately, all of your profit is taxed as ordinary income. If you hold >1 year from purchase and >2 years from the beginning of the offering period, the difference between y...
by knowledge
Sat Feb 27, 2016 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Another - How much house? (Northeast)
Replies: 37
Views: 3382

Re: Another - How much house? (Northeast)

Westchester, NJ, LI, maybe CT. Everyone's looking for the same thing: direct line into NYC, < 1 hour commute, good school district, low crime. However, you note that you may not care to limit yourself to just the best school districts. If that's truly so, you should be able to find homes that are mu...
by knowledge
Wed Feb 24, 2016 9:54 pm
Forum: Personal Consumer Issues
Topic: What kind of car do you drive? [Looking for new car]
Replies: 126
Views: 10204

Re: What kind of car do you drive? [Looking for new car]

Bought a '14 Volvo XC60 w/27k miles about 4 months ago. It's vehicle #3 in my lifetime, and have never bought a new car. It took a bit to find the right car at the right price, but so far, I like it.
by knowledge
Wed Feb 24, 2016 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Liquidating RSUs
Replies: 46
Views: 5881

Re: Liquidating RSUs

Unless you're an officer of the company, or in a position where selling would be perceived as a lack of faith, I would concur with the others and say you should liquidate immediately. As mentioned before, RSUs are directly equivalent of a cash bonus paid to you in shares of the company. By holding o...
by knowledge
Mon Jan 25, 2016 7:31 am
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 179
Views: 22604

Re: What was your % pay raise?

A promotion after a re-org gained me a 17% increase to my base and a 25% increase to my overall comp target. Prior year was a just a 2.5% increase.
by knowledge
Mon Jan 25, 2016 7:25 am
Forum: Personal Investments
Topic: Employee Stock Options Advice (startup)
Replies: 9
Views: 1193

Re: Employee Stock Options Advice (startup)

It's hard to do this without some hard numbers. If it costs $10k to exercise, I think I would exercise now. If $100k, probably not.