| Money Talk|| re: Long Term Life Planning - How detailed do you get? - RickAstley on 10/29/14 at 8:52 am|
[quote]I'm thinking about starting a personal project to detail how our money will be made and spent over the course of ten years. Included will be multiple goals and necessities that we want. I want it all documented.
Am I about to get too nit picky? [/quote]
Yes you are being too nit picky w...
| Money Talk|| re: A Random Walk Down Wallstreet. Thoughts?? - RickAstley on 10/23/14 at 8:45 am|
I originally bought both The Intelligent Investor and A Random Walk Down Wallstreet. I have yet to read the Intelligent Investor, primarily because some parts were over my head and I preferred getting a background before returning to the book.
Since then I have completed A Random Walk Down Wallst...
| Money Talk|| re: What is/was your plan to gain financial security? - RickAstley on 10/20/14 at 3:08 pm|
Financial security to me (at this point in my life) is where I have invested enough money towards retirement so that if there ever comes a point where if I have to cutoff payments, I won't be stressing about having enough money when I am out of work.
I am pretty sheepish when I start playing with...
| Money Talk|| re: What is/was your plan to gain financial security? - RickAstley on 10/20/14 at 9:52 am|
1) Get wife out of student loan debt
2) Contribute ~$15,000 a year towards retirement funds for the next 7 years. Assuming the funds grow at 8% until I am 60, I will have have nearly $3 million staring at me in retirement. This $15,000 a year goes on top of where I currently am at. (The big numbe...
| Money Talk|| Article On Managing Taxable and Tax Advantaged Accounts - RickAstley on 9/26/14 at 9:04 am|
For anyone who is looking for direction on what to purchase across their accounts, here is an informative [link=(https://personal.vanguard.com/us/insights/article/tax-time-kilroy-082014)]LINK[/link]. The article is geared towards allocation and taxes, but offers a chart at the bottom with a general ...
| Money Talk|| re: What is your student loan interest rate? - RickAstley on 9/20/14 at 9:01 am|
My wife has interest rates of:
We have knocked out the 7.5% and are working aggressively on the 6.80%. Some of those are subsidized and not accruing interest yet since she is working on grad school. The plan is to pay off the 6.80% then reevaluate ...
| Money Talk|| re: Millennials aren't marrying and they're not buying houses - RickAstley on 9/18/14 at 11:48 am|
I've married, yet I have not started saving up for a home. I am helping my wife pay off student loans, and we currently are at least 2 years out from a home purchase. Buying a home will be an afterthought until we start seeing greener pastures....
| Money Talk|| re: How Does Your Salary Compare To Others? - RickAstley on 9/18/14 at 11:42 am|
[quote]He needs to know that you know though. But honestly I would suggest if you want a raise to start looking for a new job.[/quote]
This is a recurring statement that I am not opposed to, yet I question why it must be necessary. Are there not additional suggestions involving the bargaining for...
| Money Talk|| re: How Does Your Salary Compare To Others? - RickAstley on 9/18/14 at 11:29 am|
[quote]It's very hard to determine for me, because my position title is varied by organization[/quote]
This can make looking up information difficult. Even if your position is listed with salary data to compare to, you still need to confirm at times if the posting is 1-3 years old or beyond. I kn...
| Money Talk|| re: How Does Your Salary Compare To Others? - RickAstley on 9/18/14 at 11:05 am|
[quote]You can always show your boss the comparisons and see what he says. I can promise you he dreads this conversation more than you. [/quote]
I certainly believe this is true with my boss.
[quote]Its best to do long before raise time, as raises are usually in pools and managers argue over t...
| Money Talk|| re: How Does Your Salary Compare To Others? - RickAstley on 9/18/14 at 10:54 am|
Glassdoor will display data received from people assumed to be employees of each company. If you are a Business Analyst for Company A and you want to rate your company, you can log information about your position, the company, and the salary you make. Glassdoor will display the information to help o...
| Money Talk|| re: How Does Your Salary Compare To Others? - RickAstley on 9/18/14 at 10:45 am|
I will definitely admit I took a very low starting offer for the typical compensation found in the field. To me I was unproven and the salary felt justified at the time. I have received higher than the expected 0-5% salary increase for the past few years, which is a positive. Unfortunately, the sala...
| Money Talk|| re: How Does Your Salary Compare To Others? - RickAstley on 9/18/14 at 9:51 am|
I did interview earlier this year with a different company but for the same job. Although I did not get the offer, I know that company pays salaries well beyond what I currently make (A range increase of $20k - $30k) and the work is nearly identical. I consider that company to be near the top with r...
| Money Talk|| re: How Does Your Salary Compare To Others? - RickAstley on 9/18/14 at 9:43 am|
I'm open to ideas, as I am looking for general discussion. I personally was not accounting for standard of living, or a number of factors in my OP. I do not know what factors impact my position's average the most beyond level of experience....
| Money Talk|| How Does Your Salary Compare To Others? - RickAstley on 9/18/14 at 9:22 am|
If you research the average salary for your position across the U.S. how do you stack up against it (using information from sites such as Glassdoor, and recruiting firms)? I am not necessarily asking about how you compare to your associates in the same position within your company.
I am approachi...
| Money Talk|| re: Marriage Roth IRA and Tax Questions - RickAstley on 9/17/14 at 11:34 am|
Thank you for your feedback. I asked the dependent question due to when I was playing with the [link=(http://apps.irs.gov/app/withholdingcalculator/)]W4 Calculator[/link] provided by the IRS and I know she has been a dependent prior to this year. I feel much better so far...
| Money Talk|| Marriage Roth IRA and Tax Questions - RickAstley on 9/17/14 at 11:12 am|
These questions are based on a status of Married and filing jointly for 2014 and going forward.
We both qualify and plan to max out our 2014 contributions towards our Roth IRA. My concern is if my wife makes less than $5,500 or if she does not work at all in 2015 will we still be able ...
| Money Talk|| re: 401k averages? Saving too much or too little? - RickAstley on 9/16/14 at 9:12 am|
The figures listed seem pretty high. I personally think people should be aggressive with paying off loans and investing for their future right out of college. Yet, maxing out the 401(k) seems pretty unattainable for most of my friends, much less my parents' generation. The problem I see several of m...
| Money Talk|| re: Has anyone graduated from school, started working - RickAstley on 9/10/14 at 12:50 pm|
Fortunately I have not been in that position. Do you mind expanding on whether it is solely your career or the company you are currently at?
For the degree I acquired (computer engineering), if I don't like my career (software development) I still have some other career options in the barrel I wi...
| Money Talk|| re: MT: Keeping The Course - RickAstley on 9/5/14 at 10:11 am|
Props to you with managing the course with all of the responsibilities you have to maintain. Your post reassures me to keep an aggressive pace with saving/investing while children are not in the picture. I feel like I would need two jobs at least, if I had children in the picture....