Search found 455 matches

by PowderDay9
Tue Jul 27, 2021 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Are Private Universities Worth It Compared to State Universities?
Replies: 116
Views: 5741

Re: Are Private Universities Worth It Compared to State Universities?

Also remember Private Universities have a lot more Financial Aid or scholarship options. I don't know about California. But in some cases students with good GPA are able to find scholarship to off set the cost difference. More than half of UC in-state students receive a free ride on tuition & f...
by PowderDay9
Mon Jul 26, 2021 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Are Private Universities Worth It Compared to State Universities?
Replies: 116
Views: 5741

Re: Are Private Universities Worth It Compared to State Universities?

Money cannot gain friends with those kinds of peers. This. Peers really is the most important consideration in considering any educational environment. +1 The elite undergrad schools are worth it IMO. Once you get outside the top 15 or 20 schools, then I'd probably lean public as the quality can be...
by PowderDay9
Mon Jul 26, 2021 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: What is the average savings rates for bogleheads?
Replies: 225
Views: 14601

Re: What is the average savings rates for bogleheads?

You need to reread what I wrote above. I was responding to stoptothink saying his family of four was living on less than $30k. Poverty level under ACA is $26.4k for family of four. I think he also mentioned living on $11k as an individual. That is below the poverty level of $12.9k. That was this co...
by PowderDay9
Sun Jul 25, 2021 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: What is the average savings rates for bogleheads?
Replies: 225
Views: 14601

Re: What is the average savings rates for bogleheads?

I respectfully disagree. Again, as somebody that did it (in my mid-30’s, not that long ago). There are plenty of places still left in America where a single person can live comfortably on $20k and, in fact, millions of people do just that. It’s quite common, if you examine income data around the na...
by PowderDay9
Sat Jul 24, 2021 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: What is the average savings rates for bogleheads?
Replies: 225
Views: 14601

Re: What is the average savings rates for bogleheads?

How are people viewing company 401k and HSA contributions? Do they count as savings and this also added to gross income for calculation purposes? I include those in gross income and also count them as savings. Same for net of taxes income. They are income and savings, but just forced into certain a...
by PowderDay9
Sat Jul 24, 2021 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: What is the average savings rates for bogleheads?
Replies: 225
Views: 14601

Re: What is the average savings rates for bogleheads?

How are people viewing company 401k and HSA contributions? Do they count as savings and this also added to gross income for calculation purposes? I include those in gross income and also count them as savings. Same for net of taxes income. They are income and savings, but just forced into certain a...
by PowderDay9
Sat Jul 24, 2021 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: What is the average savings rates for bogleheads?
Replies: 225
Views: 14601

Re: What is the average savings rates for bogleheads?

3) Really? Your net pay exclude all your contribution to 401K/HSA too. For example, it will be 40K to 50K to me. My take-home pay savings will be close to zero. But, I will be saving about 1 year of expense this year. How is this simple? KlangFool OP said "net pay after taxes". I add back...
by PowderDay9
Sat Jul 24, 2021 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: What is the average savings rates for bogleheads?
Replies: 225
Views: 14601

Re: What is the average savings rates for bogleheads?

What variability? When you save first and spend later, what is the variability? 1) For example, if you earn 120K per year and you auto-deduct 40K from your paycheck, you only have 80K of gross income to spend. You cannot spend what you don't have. Right. Everyone understands that. You save 40k thro...
by PowderDay9
Thu Jul 22, 2021 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: [Getting a promotion, how do I negotiate a raise?]
Replies: 105
Views: 6947

Re: [Getting a promotion, how do I negotiate a raise?]

Thanks. This is exactly the process I followed. I had a 1:1 with my manager on Tuesday and told him I'm excited about the pending promotion, but had started the process with some other companies prior to him giving me the news. I told him I have a sense of where compensation is for people at the po...
by PowderDay9
Wed Jul 21, 2021 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 515
Views: 72234

Re: Tales from this insane real estate market

Isn't some of this just the annual seasonality of the real estate market? Spring and early summer always have a lot of action, partially due to families wanting to move between school years. Things usually slow down in late summer and fall.
by PowderDay9
Wed Jul 21, 2021 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Getting a promotion, how do I negotiate a raise?]
Replies: 105
Views: 6947

Re: [Getting a promotion, how do I negotiate a raise?]

I am currently in the process with two other companies and know the target comp for those roles makes me underpaid. There is value to staying where I am as I have good visibility to c-suite and have worked hard to build up relationships throughout the company. I'm not looking to match an outside of...
by PowderDay9
Sun Jul 18, 2021 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Please critique a new home purchase strategy for a HCOL area
Replies: 15
Views: 1930

Re: Please critique a new home purchase strategy for a HCOL area

If this insane seller's market is still going on in 2-3 years then you're $1.1-1.2M house might be much more expensive. You'll also have much more equity in your townhome and can do a HELOC to help pay for the down payment on the new house. You should also be able to sell your townhouse really quick...
by PowderDay9
Sat Jul 17, 2021 7:35 pm
Forum: Personal Investments
Topic: Move old 401k to new employer or to IRA
Replies: 11
Views: 1096

Re: Move old 401k to new employer or to IRA

I would definitely keep the money in your new 401k. Two reasons:

1. Having a traditional IRA impacts your ability to do a backdoor Roth IRA.

2. 401ks have very strong creditor protections.
by PowderDay9
Fri Jul 16, 2021 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Child Tax credit
Replies: 83
Views: 6359

Re: Child Tax credit

https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-topic-d-calculation-of-advance-child-tax-credit-payments 2021 Child Tax Credit and Advance Child Tax Credit Payments — Topic D: Calculation of Advance Child Tax Credit Payments Q D1. How are my advance...
by PowderDay9
Fri Jul 16, 2021 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Child Tax credit
Replies: 83
Views: 6359

Re: Child Tax credit

AGI over $400k in 2020, three kids, just got $450. So weird. It doesn’t go to $0 until ~$440k AGI This is only correct if you have 1 child. Since they have 3 children you have to stack $40k per child. In this case of 3 children, the phase out ends at $520k AGI. Bungalow10, go look at your 2020 tax ...
by PowderDay9
Mon Jul 12, 2021 11:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Updating the 4% rule for early retirees
Replies: 128
Views: 15729

Re: Vanguard: Updating the 4% rule for early retirees

The first thing to ask when seeing 10 year forecasts such as this is what were they forecasting 10 years ago? Fortunately. the Vanguard forecast from January 2012 using the VCCM model is available. In that report, the median annual forecast return for US equities for the next 10 years was 6%-9%. Th...
by PowderDay9
Mon Jul 12, 2021 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for a young dad? Early-30s family at crossroads
Replies: 38
Views: 3894

Re: Advice for a young dad? Early-30s family at crossroads

I gross about $15k monthly. After taxes, health insurance, maxing my 401k, and the mandatory pension-like contribution that I will probably just roll out into an IRA upon departing this employer, I net around $7,500 in monthly take-home. I'm surprised your net paycheck is only half of your gross. I...
by PowderDay9
Fri Jul 09, 2021 9:55 pm
Forum: Personal Consumer Issues
Topic: Boat prices are WAY high
Replies: 15
Views: 2097

Re: Boat prices are WAY high

Same story with cars, RVs, houses. I bought a brand new vehicle in 2013. This 8 year old vehicle is selling today for only a few thousand less than I paid for it. Feels very bubbly.
by PowderDay9
Fri Jul 09, 2021 6:05 pm
Forum: Personal Investments
Topic: How do I quit my financial advisor?
Replies: 56
Views: 6076

Re: How do I quit my financial advisor?

Another vote for Vanguard Personal Advisory Services. It's the perfect stepping stone to DIY.
by PowderDay9
Fri Jul 09, 2021 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Ineligible For Increased Dependent Care FSA; Anything I can Do?
Replies: 6
Views: 556

Re: Ineligible For Increased Dependent Care FSA; Anything I can Do?

Does your spouse have a dependent care FSA? I'm in this same situation with putting in $5k into my company's dependent care FSA. My spouse has one but didn't fund it for 2021. We're planning to try using a qualified event to fund it mid year. I'm not sure if it will work but we're going to try. http...
by PowderDay9
Thu Jul 08, 2021 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: my first house is paid off, I need a bigger house, should I buy now?
Replies: 10
Views: 1765

Re: my first house is paid off, I need a bigger house, should I buy now?

If you have a need for a bigger house because you have 3 kids and you can afford it, then I'd say buy one if you find something you like. The housing market feels bubbly but it could stay like that for years, who knows. I treat housing like a consumption item and if you need a bigger house then I'd ...
by PowderDay9
Wed Jul 07, 2021 9:56 pm
Forum: Investing - Theory, News & General
Topic: My family featured by Motley Fool
Replies: 27
Views: 3760

Re: My family featured by Motley Fool

Nice story and family! Are your glasses from Zenni? I just tried Zenni and was pleasantly surprised with some $6.95 frames.
by PowderDay9
Wed Jul 07, 2021 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your retirement plans with others?
Replies: 65
Views: 6380

Re: Do you share your retirement plans with others?

anon_investor wrote: Wed Jul 07, 2021 9:43 pm That would be funny if you didn't tell your spouse, and one day out of the blue you just say: "honey I just quit my job, I am retiring!"
It really wouldn't surprise me if that's happened before but yes it's pretty obvious that you should tell your spouse.
by PowderDay9
Wed Jul 07, 2021 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your retirement plans with others?
Replies: 65
Views: 6380

Re: Do you share your retirement plans with others?

We want to believe that others will be happy for us when we have done well financially, but the truth is they won't. The only person who will be happy for you is yourself. And maybe your spouse (if applicable). Agreed. The only person I share financial and retirement plans with is my spouse and a b...
by PowderDay9
Wed Jul 07, 2021 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mid life career question (IT)
Replies: 56
Views: 5416

Re: Mid life career question (IT)

Some jobs pay more AND have good/better WLB. I'd recommend applying to some jobs and see what's out there. It feels like an employee job market so you might be surprised what you find.
by PowderDay9
Wed Jul 07, 2021 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Defer 100K in compensation?
Replies: 12
Views: 2212

Re: Defer 100K in compensation?

Noted considerations *Inheritance expected in the $750k-$1M range over next 10 years. $500K will be non-spousal tIRA that will need to be emptied within 10 years. I think this is probably your most important consideration. How confident are you this will happen and the amount will be $500k? That's ...
by PowderDay9
Tue Jul 06, 2021 10:32 pm
Forum: Personal Consumer Issues
Topic: Best spray for ants in house
Replies: 36
Views: 3210

Re: Best spray for ants in house

Terro Liquid Bait traps. I put a few in my shed last week and they cut ant activity by 90% +1 these things are brutally effective and you don't need to inhale fumes These only work on certain types of ants. For example, I had fire ants in my house and they didn't even touch the Terror liquid baits....
by PowderDay9
Tue Jul 06, 2021 10:23 pm
Forum: Personal Consumer Issues
Topic: Best car tires to buy and best place to buy them?
Replies: 54
Views: 5553

Re: Best car tires to buy and best place to buy them?

Discount Tire recently opened locations in my area, and I literally bought a set from them today for the first time. They had a terrific deal going and undercut everyone else by $150 out the door on a specific set of tires I was looking for. They even told me I could start bringing my wife's car in...
by PowderDay9
Mon Jul 05, 2021 1:55 pm
Forum: Personal Investments
Topic: Why VXUS?
Replies: 12
Views: 1858

Re: Why VXUS?

Do you invest in all US companies or only tech? If all, then why?
by PowderDay9
Sat Jul 03, 2021 7:28 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1657
Views: 197531

Re: What frugal thing did you do today?

I hope that you thoroughly disinfected that used TV before you brought it into your home. I cleaned the TV and disinfected the remote. Is there something concerning about a used TV? Bedbugs, the same risk you assume when accepting any used furniture. They crawl into anything, even picture frames. D...
by PowderDay9
Fri Jul 02, 2021 9:15 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1657
Views: 197531

Re: What frugal thing did you do today?

Trader Joe wrote: Fri Jul 02, 2021 8:52 pm
PowderDay9 wrote: Fri Jul 02, 2021 8:44 pm Our 51 inch tv died so I bought a 40 inch tv used for $40.
I hope that you thoroughly disinfected that used TV before you brought it into your home.
I cleaned the TV and disinfected the remote. Is there something concerning about a used TV?
by PowderDay9
Fri Jul 02, 2021 8:44 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1657
Views: 197531

Re: What frugal thing did you do today?

Our 51 inch tv died so I bought a 40 inch tv used for $40.
by PowderDay9
Fri Jul 02, 2021 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Burned out in the last few miles of the journey.... Any hope?
Replies: 90
Views: 10208

Re: Burned out in the last few miles of the journey.... Any hope?

Can you switch jobs? Maybe you could take a few months off between them. Burnout is no joke and it often takes months or years after leaving the situation to recover. The longer you stay in the position the longer the recovery will be. If you do option 1 then consider pulling back a bit at work. Sti...
by PowderDay9
Fri Jul 02, 2021 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma... What would you do?
Replies: 150
Views: 11387

Re: My dilemma... What would you do?

tibbitts, And, why waste time and effort with this employer and let them have a chance to fire you? OP do not need this job. By resigning, the employer has ZERO recourse. KlangFool Can you explain this more? I have remote employees and if I tried to fire them for not commuting in 3 hours a day afte...
by PowderDay9
Fri Jul 02, 2021 11:51 am
Forum: Personal Finance (Not Investing)
Topic: My dilemma... What would you do?
Replies: 150
Views: 11387

Re: My dilemma... What would you do?

tibbitts, And, why waste time and effort with this employer and let them have a chance to fire you? OP do not need this job. By resigning, the employer has ZERO recourse. KlangFool Can you explain this more? I have remote employees and if I tried to fire them for not commuting in 3 hours a day afte...
by PowderDay9
Fri Jul 02, 2021 12:14 am
Forum: Personal Finance (Not Investing)
Topic: My dilemma... What would you do?
Replies: 150
Views: 11387

Re: My dilemma... What would you do?

rage_phish wrote: Thu Jul 01, 2021 11:30 pm Would love to hear how your employer responds
Same here. If the quote below is true, my guess is they won't let her quit so easily.
susan123 wrote: Thu Jul 01, 2021 3:28 pm They don't have anyone else with my skill set locally.
by PowderDay9
Thu Jul 01, 2021 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma... What would you do?
Replies: 150
Views: 11387

Re: My dilemma... What would you do?

Don't quit. Simply tell them firmly that you can't commute in and tell them you'll continue to work from home like you have been doing for years. Make them fire you if that's what they really want to do (I'm skeptical they go through with that). In the meantime, figure out what you want to do next i...
by PowderDay9
Wed Jun 30, 2021 4:56 pm
Forum: Personal Investments
Topic: Fido vs Schwab specifically for retirement accounts
Replies: 33
Views: 2654

Re: Fido vs Schwab specifically for retirement accounts

For the Roth IRA, I like Fidelity for the zero expense ratio funds.

FZROX and FZILX make a nice 2 fund Roth IRA!
by PowderDay9
Tue Jun 29, 2021 7:08 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard mobile app
Replies: 26
Views: 4419

Re: New Vanguard mobile app

I have almost no functionality in this new app which was a forced update earlier in the year. I tried to reinstall from the google play store (android) without any improvement. called Vanguard several times without any real help. While on hold today I saw thousands of reviews in the google play sto...
by PowderDay9
Mon Jun 28, 2021 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Property taxes & mortgage size
Replies: 22
Views: 1474

Re: Property taxes & mortgage size

Go for the higher priced home with lower property taxes but just make sure that really is the case. You need to know if the different areas have different property tax rates. Check to see if there are any caps on how much the property taxes can increase each year. For example, where I live, the prop...
by PowderDay9
Mon Jun 28, 2021 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Explain to me - All Cash Offers on homes! how does one have so much cash?
Replies: 89
Views: 9985

Re: Explain to me - All Cash Offers on homes! how does one have so much cash?

One of my co-workers just sold his $3.2M paid off house on the beach and turned around and bought a $1.8M penthouse condo on the beach with cash.

It helps that he built the beach house in 1990 for $300k.
by PowderDay9
Mon Jun 28, 2021 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Another “can I afford this house” thread ($1.25M, HCOL)
Replies: 15
Views: 2801

Re: Another “can I afford this house” thread ($1.25M, HCOL)

Assets (inclusive of funds to be used for down payment): roughly $1m (Cash-$300, Equity in existing rental (out of state)- $200, and equities (mostly in retirement accounts) - $500) If you buy it then with the rental you will own $1,450,000 in real estate and only have about $550k in cash and equit...
by PowderDay9
Mon Jun 28, 2021 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Closing on a house first week of August- not sure when to plan to move in
Replies: 18
Views: 1692

Re: Closing on a house first week of August- not sure when to plan to move in

It depends how much work you want to do to the house before you move in and how long it will take you to move your stuff. Painting is pretty easy, so if you hire that out, it should take less than a week. If timing is important make sure they are a big enough company that they can guaranteed it gets...
by PowderDay9
Wed Jun 23, 2021 9:13 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard mobile app
Replies: 26
Views: 4419

Re: New Vanguard mobile app

Anyone else get forced to the new vanguard app recently? I'm glad they added the fingerprint logon for Android but I miss the layout of the old app. I can't find where it shows the daily total dollar amount change of each position. I liked that the old app had gain or loss, cost basis, etc all on on...
by PowderDay9
Wed Jun 23, 2021 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire today?
Replies: 95
Views: 13946

Re: Can I retire today?

I'd suggest a career change rather than "retire" at 34. You are still very young. What will you spend your time doing for the next 50 years? The covered call etf sounds like a terrible idea. +1 Start looking into a career change or go part time. If you need to take a year or two off then ...
by PowderDay9
Wed Jun 23, 2021 8:35 pm
Forum: Personal Investments
Topic: What to do after "hitting our number?"
Replies: 16
Views: 2608

Re: What to do after "hitting our number?"

I would stay the course with your asset allocation. The pension alone will cover existing expenses. Then add in social security and you're probably around your $100k a year goal. The $3.3M portfolio is extra. I think the more interesting question is, how do you want to spend your time after you reti...
by PowderDay9
Wed Jun 23, 2021 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Opportunity presents - Should I or shouldn't I?
Replies: 47
Views: 4219

Re: Opportunity presents - Should I or shouldn't I?

You are already financially independent and don't need to trade time for money anymore. You have a job where you are very happy all around. Why would you start doing something you dread? If you took the job and hated it, then what's the plan?

If it were me, I would not take the new job.
by PowderDay9
Tue Jun 22, 2021 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 104
Views: 15612

Re: Golden Handcuffs

I don't really consider us to have a large family (4 kids), but I also live in Utah. We have families with 6, 9, and even 12 on our street! They come on some trips, but not a lot. It just varies by the trip. Let me give you a few examples from this year: Grand Canyon- Just me for the first half, Ka...
by PowderDay9
Tue Jun 22, 2021 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 104
Views: 15612

Re: Golden Handcuffs

Struggling with similar issues since becoming FI a few years ago. I've been hiring and delegating more in my business and doing less clinical work and making sure I don't miss a workout, a trip, or an event that would cause me to regret still working. I spent 3 1/2 weeks this Spring rafting the Gra...
by PowderDay9
Mon Jun 21, 2021 4:07 pm
Forum: Personal Consumer Issues
Topic: Master bath remodel - tub or no tub?
Replies: 44
Views: 3678

Re: Master bath remodel - tub or no tub?

Keep 1 tub. I'd put that in the guest bathroom. Do nice large shower only in master.