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Yeah but it's still generally worth it.
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Jul 11, 2019 23:16
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100 HOGS AGREE posted:Aren't there tax considerations though? As in "I realized a profit on this that is treated as regular income?" Why yes, yes there is. But it's obviously less than the amount you made. It's taxed as regular income. If you happen to work for a large company with a stable stock price and have the risk tolerance to hold for one year + one day to get LTCG treatment then go for it. But I don't like that kind of risk concentration (considering to get ESPP shares you already work there so this is where your paycheck also comes from).
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Jul 11, 2019 23:59
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Motronic posted:
With ESPP you actually have to hold for 2 years to get the best treatment on a typical 6 month offering period. If you make the sale qualified then more of the purchase becomes LTCG instead of regular income. Lots of it depends on the structure of the plan though, so you have to see the details with a given employer. In general you should Max it though and take the 15 percent at a minimum. It's throwing away free money to not get at least that. Edit: qualifying vs disqualifying https://turbotax.intuit.com/tax-tips/investments-and-taxes/employee-stock-purchase-plans/L8NgMFpFX
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Jul 12, 2019 01:32
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Dalrain posted:With ESPP you actually have to hold for 2 years to get the best treatment on a typical 6 month offering period. Read your link, that's weird and I'm not arsed to research it anymore because I will never give a gently caress. Important takeaway: listen to Dalrain and continue researching if you aren't going to take my advice to sell immediately.
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Jul 12, 2019 02:02
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How does pension vesting work? I had to join a union in order to do my freelance gig in another city. I work maybe 20 days a year over there on average. Part of the union deal is a pension plan. My statement says I’ve accumulated a balance of over $30,000 over the last decade but it’s 0% vested until I work 50 days in a year. If I keep working 20 days a year, am I basically never getting that money, even in retirement?
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Jul 12, 2019 02:14
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You'll probably get your contributions paid back, plus perhaps some interest if you're lucky. But yeah, you'll never get the pension if you don't meet the vesting requirements.
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Jul 12, 2019 02:57
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Is there a thread for engagement ring shopping? I'm in the market and there's a lot of things id like to ask questions about because this whole market is sketchy.
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Jul 12, 2019 03:23
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Quandary posted:Is there a thread for engagement ring shopping? I'm in the market and there's a lot of things id like to ask questions about because this whole market is sketchy.
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Jul 12, 2019 03:26
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Either way your post will show up in the BWM thread. Are you more of a 2 month salary or a 3 month salary kinda guy?
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Jul 12, 2019 03:27
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REI had silicon ones for $20.
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Jul 12, 2019 03:29
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Real answer you should talk to your partner about what they want and then probably find a way to spend half that (or less).
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Jul 12, 2019 03:29
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Yeah seriously, there are few worse uses of money than a flashy ring. In the last year I bought a 10,000 ring, received an obviously worthless insurance appraisal for 14,000, and more recently received offers between 1,000 and 2,300 to buy it I'm not saying you should consider "we might break up!!" but I am going to say that your ring is instantly worth 20% of what you paid for it once it's "used" (incredible lol at the concept of a used diamond)
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Jul 12, 2019 03:33
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Quandary posted:Is there a thread for engagement ring shopping? I'm in the market and there's a lot of things id like to ask questions about because this whole market is sketchy. The actual answer is https://forums.somethingawful.com/showthread.php?threadid=2764878
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Jul 12, 2019 03:45
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Quandary posted:Is there a thread for engagement ring shopping? I'm in the market and there's a lot of things id like to ask questions about because this whole market is sketchy. Unless your bride to be is a jeweler, most of the C’s are nonsense except for size. No one is going to inspect the stone for clarity or color. Most retail jewelers are full of poo poo anyway.
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Jul 12, 2019 03:48
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I would absolutely buy a "used" ring at an 80% discount lol.
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Jul 12, 2019 09:45
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Volkerball posted:I would absolutely buy a "used" ring at an 80% discount lol. Life is hard enough without adding bad juju from a cursed wedding ring to your relationship.
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Jul 12, 2019 11:41
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silvergoose posted:The actual answer is https://forums.somethingawful.com/showthread.php?threadid=2764878 Don't mislead OP, here is the correct URL: https://forums.somethingawful.com/showthread.php?threadid=3878671
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Jul 12, 2019 13:37
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Quandary posted:Is there a thread for engagement ring shopping? I'm in the market and there's a lot of things id like to ask questions about because this whole market is sketchy. Mr Newsman posted:Life is hard enough without adding bad juju from a cursed wedding ring to your relationship.
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Jul 12, 2019 13:48
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Anyone know what Amplify at Ally is? I got an email about 'joining' it
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Jul 12, 2019 18:16
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Dalrain posted:With ESPP you actually have to hold for 2 years to get the best treatment on a typical 6 month offering period. If you make the sale qualified then more of the purchase becomes LTCG instead of regular income. Lots of it depends on the structure of the plan though, so you have to see the details with a given employer. So, to follow up with this, they say I can't sell for a year and there are tax implications for selling after 2. I would be allowed to buy way more than I ever would, so that's not an issue. However, the discount is 15%. That 15% is going to get a bite taken out of it for two years by inflation and who knows, it could go down. So, it doesn't sound better than normal tax advantaged space, which I am not currently maxing out anyway. In the hierarchy of 401K to match / Roth IRA / 401k to max / post tax brokerage, where does this sort of thing lie? I assume after the first three.
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Jul 12, 2019 19:23
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GoGoGadgetChris posted:Yeah seriously, there are few worse uses of money than a flashy ring. In the last year I bought a 10,000 ring, received an obviously worthless insurance appraisal for 14,000, and more recently received offers between 1,000 and 2,300 to buy it Btw whether it’s window coverings, living room furniture, or rings, it is possible to spend less than $10k on these one time purchases.
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Jul 12, 2019 19:29
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Have you tried making window coverings out of interlocked engagement rings?
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Jul 12, 2019 19:30
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howdoesishotweb posted:Btw whether it’s window coverings, living room furniture, or rings, it is possible to spend less than $10k on these one time purchases. Everybody knows that, silly. I wanted a certain level of quality and/or features that weren't available from lesser options. Ever noticed how some cars cost $10,000 and others cost $150,000? The ring was a "the missus wants -specific ring- which costs -specific price-" so it doesn't matter if there's $5 Amazon silicone rings
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Jul 12, 2019 19:39
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GoGoGadgetChris posted:Everybody knows that, silly. I wanted a certain level of quality and/or features that weren't available from lesser options. Ever noticed how some cars cost $10,000 and others cost $150,000? What has better quality and features, a brand new $150k car, or a one year old $150k car who's MSRP was $300k?
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Jul 12, 2019 19:43
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Let's move away from car analogies and toward "Hunter Douglas double cell honeycomb shades with cordless opening for 17 oversize windows and one large sliding patio door" Like yeah you can get $300 bucks of curtains for a little A-Frame house but that's comparing crab apples to sumo citrus oranges
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Jul 12, 2019 19:48
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One of the reasons I'm stingy about things that don't really matter is so that I can spend more on things that have better value to me - especially things that I enjoy or help me complete another task in less time or money in a forward going fashion. If you spend a lot of time at home, it's probably worth it to spend a little more money so you can really enhance that home, isn't it?
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Jul 12, 2019 21:09
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EAT FASTER!!!!!! posted:One of the reasons I'm stingy about things that don't really matter is so that I can spend more on things that have better value to me - especially things that I enjoy or help me complete another task in less time or money in a forward going fashion. Hell yeah. The reason I went for fancypants window coverings is because  this fat fuckin' cat loves to eat STRING and she totally devoured the string controls off all of my blinds (well over 40 feet of string over the course of 2 weeks, all pooped out since then) And the house has aluminum windows that bleed heating and cooling like a sieve. Upgrading the shades to double-cell gave me better insulation and upgrading to cordless means my cat won't kill herself! Double credit!!
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Jul 12, 2019 21:16
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GoGoGadgetChris posted:Hell yeah. The reason I went for fancypants window coverings is because If you're going to stay in the place for a while you might as well go ahead and do the windows man.
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Jul 12, 2019 21:44
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EAT FASTER!!!!!! posted:If you're going to stay in the place for a while you might as well go ahead and do the windows man. $38,000!!!!! They're double pane aluminum so they're at least not completely worthless or terribly ugly, but yeah I will probably want to do them in the next 3-5 years  Luckily I can reuse the shades if I do!
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Jul 12, 2019 21:46
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GoGoGadgetChris posted:$38,000!!!!! Andersen or Pella?
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Jul 12, 2019 21:47
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GoGoGadgetChris posted:Hell yeah. The reason I went for fancypants window coverings is because Feel like I can kinda relate to this catte.
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Jul 12, 2019 21:51
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1) Is it at all possible for me and my fiancée to buy a house in our lifetimes? I make about $2000/month takehome, and am an underemployed research scientist (hiring freeze at my current employer, and few openings for jobs due to NSF funding crunches and general lack of investment in science). I could be making a good deal more, but I would probably have to move out of state to chase any decent job opportunity, which she would greatly prefer not to do. She makes about $2400/month takehome including commissions, and is a salesperson and customer service guy at a consumer electronics business. We're taking GIS courses so she can change her career, which she dislikes. Neither of us has student loans. Our rent is $1550/month for a 1bd/1ba condo. We live in San Diego. We're getting married in spring 2020 and mostly paying for it ourselves. We would love to have a small house, with a yard for a vegetable garden and separate so we can *ahem* throw parties. My savings per month: $150 plus any overtime or windfalls - emergency fund $100 - wedding $100 - Roth IRA I also have a work pension I'm paying into, that will vest in 3 years. Payment per month undetermined Her savings per month: $250 - emergency fund $100-150 - wedding $150 - Roth IRA through work (they don't match, the fuckers) My debts per month: None Her debts per month: $150 - car payment (about $7k left to go) ~$100 - credit card payment (about $1.2k left to go) I plugged how much we might be able to save up for a down payment after the wedding ($10-15k, which would take 4 years given current income and leftover money) and how much we can probably pay per month on a mortgage and associated costs ($1600/month) into a house affordability calculator and it told me $250k. All I can see listed are manufactured houses, tiny condos, pre-foreclosure houses, and actual foreclosure and auction properties that are in roughhhhh shape. Is this what I can expect from our financial situation and the state of housing in SD? Is it realistic of me to have this as a future goal, or should we set it aside permanently in favor of aggressively prioritizing other things like retirement? 2) Financial counseling is a good idea before you marry someone, right? Should I talk to my Charles Schwab guy, or get an actual counselor/therapist? My fiancée is fully on board, but neither of us have done this before, so I don't know where to start. Googling "financial counseling" leaves me hesitant that I would be able to find someone a) affordable b) who would give us personal advice and not a template to follow. Thanx 
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Jul 13, 2019 01:13
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The California real estate market is hosed. With your current income levels I don't see you being able to afford anything anywhere near a major population center in the state, unfortunately. Not unless something happens to drive prices down, like a massive increase in housing stock, or some kind of statewide catastrophe. That said, a research scientist ought to be able to find reasonably well-paying industry positions, depending on your specialty. In particular there's lots of life sciences companies that need people with wetlab experience.
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Jul 13, 2019 04:45
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Given the huge amount of biotech I'm surprised you're under employed in San Diego. I work in pharma here myself. What's your specialty?
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Jul 13, 2019 05:21
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Spikes32 posted:Given the huge amount of biotech I'm surprised you're under employed in San Diego. I work in pharma here myself. What's your specialty?  I could definitely work at an environmental consulting firm ($$$), but I'm pretty early career. I've been keeping my eyes open for mid-level openings and, meanwhile, putting in a few years at this job to get publications and certs under my belt so I can justify being hired at that level. Then I would have much more money!
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Jul 13, 2019 05:30
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snailshell posted:I'm an ecologist Ahh. Yeah that's a tougher sell in SD. With a bio degree you could try moving into pharma qc / em, the pay is decent and gets good but beware the utter monotony/lack of anything real to do with your degree.
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Jul 13, 2019 06:39
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Magnetic North posted:In the hierarchy of 401K to match / Roth IRA / 401k to max / post tax brokerage, where does this sort of thing lie? I assume after the first three. I personally feel it would be after number 2 there, because it is literally free money you can then feed into those other things. Remember if you're holding for the longer term, the stock should also appreciate in value more than the 15 percent if your company is doing well. (Should definitely keep up with inflation anyway) Holding is gambling though, so you most definitely can just sell immediately on acquisition. It's all about your tolerance for risk and how much you care about the potential tax rate. The tax part really only matters in any appreciable way if you're in a fairly high bracket.
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Jul 13, 2019 07:19
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Boy I am just full of questions lately. I have a question about Backdoor Roths. I have a 401k from my previous employer, and if I'm reading this correctly, they can close it now that I've left the company? (Somewhere else said that over a certain value I legally can stay, so maybe I am misinterpreting this). Still, I guess I should transfer it to a new IRA, which made me wonder if I should get it into my Roth, as I already have one of those but not a normal IRA. The instructions online talk about "creating" and IRA and "creating" a Roth, and others talked about "hiding" your existing IRAs. Is the Backdoor method somehow integral to the creation of a new Roth? And is this even the type of situation where it would be worth doing?
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Jul 14, 2019 12:04
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Do you like your 401k, ie fees and fund choices? If so, then check your plan and with HR to see if you can keep it open after you leave. If you don’t, or aren’t allowed to, then you can roll the 401k over into a traditional IRA without tax/penalty. If you then convert it to a Roth IRA, you will have to pay taxes on the conversion at your marginal rate. A “backdoor” Roth is for high earners. You put the annual max into a traditional IRA using post-tax dollars, then convert it into a Roth in the same year. You didn’t claim the tax deduction for the contribution so there’s no taxable event for the conversion. If your new job offers a 401k it may be worthwhile rolling old into new, plan details are key.
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Jul 14, 2019 13:42
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Anyone have some experience or advice for working outside the US for a few years but continuing your saving and investments? We are planning to spend 3 years living and working in the Netherlands and then moving back to the US. We will both work for Dutch companies and be making salaries in euros going into Dutch bank accounts. For long term savings and investments does it make sense to transfer money we want to save/invest into our US bank accounts monthly and put them into mutual funds like we currently do? Are there any tax implications or fees we'll need to keep in mind while doing this? Another thing I am concerned about is retirement savings. I guess instead of contributing to a Roth I'll just be putting that extra $6000 a year into general taxable investment accounts? It looks like you are not eligible to contribute to an IRA if you don't have any taxable US income.
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Jul 15, 2019 14:46
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