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Participant[quote=flu][quote=plm][quote=cvmom][quote=flu]Employer match is always to a traditional IRA, which currently my employer has at 4% I think.[/quote]
Flu, you gave me a heart attack on this. But I did confirm that my company matches to Roth 401k contributions as well, not only to the traditional one. Just FYI[/quote]
If you don’t mind my question, why do people pick Roth 401k instead of traditional 401k? I thought the whole point was to defer taxes till retirement where the income is lower. Is it maybe to hit the AMT sweet spot but that’s another concept I’m having trouble grasping?[/quote]
Oh shucks. My doesn’t. That sucks.
Plm. Well, in the case of cvmom, it totally makes sense to contribute to a Roth 401k if the employers matches into your account. The employer contribution. Would be tax free and earnings from it would be tax free. As far as why one would contribute to a Roth 401k instead of traditional IRA. Part of me is worried about required minimum distribution that might make my taxable income greater post retirement than now. Also, I believe in the case of a Roth 401k, you can withdraw what you contribute without a tax penalty ( since it was after tax dollars anyways).
The other half of me days who knows what they will do to Roth accounts. And for I need some tax defferals.[/quote]I don’t think the match goes into ROTH. I’ve contributed to Roth in the past and the match part goes to traditional 401k. The reasoning I got is because they don’t know how much to withhold for taxes.
Plm, the reason why I contributed to Roth 401k was because I wasn’t making very much, so I want to take full advantage of the low tax bracket and I expect to be earning more in my retirement. Once I cross a certain threshold, I switch back to traditional.
Participant[quote=spdrun]Why not announce the due date a month in advance and have people work on what they want in their spare time? Hackathons are meh.[/quote]
Then that wouldn’t be a hackathon. You don’t “hack” for a month.Participant[quote=deadzone][quote=cvmom][quote=meadandale][quote=flu][quote=deadzone]Sorry but you are not going to make 175K as an Engineer in San Diego. For that kind of pay you will need to be in management of some sort. If anybody has example to the contrary, I would be interested in hearing the details (i.e. what company and job).[/quote]
Not to make you feel bad, but you would be wrong.[/quote]
+1[/quote]
+2[/quote]
You guys can +n all you want but without any details of the job you are providing no value.[/quote]Seriously, you’re not going to get anymore details than you’ve already gotten. Whether you believe us or not is your prerogative. But I can assure you there are technical positions out there in SD paying around that much.
Participant[quote=mixxalot]Besides sales, high level SW architect gigs in Java and Big Data pay serious bucks. A recruiter sent me a request for 150-180K FT job in San Diego at a startup plus equity. So the $ is there. Yes, after taxes not as great for a single person but still decent.[/quote]Yep, I get head hunter contacting me pretty regularly for architect level with pay between $150-190k. So, it’s definitely not rare.
Participant[quote=kev374]I am not saying I am not compensated according to the market, what I am saying is that the MARKET itself does not pay according to the difficulty level of the job compared to other jobs I know that need less expertise and pay more.[/quote]It’s not about difficulty of the job. It’s purely about supply and demand.
Participant[quote=deadzone]Why not? If I made 175K I would be proud of it. If we can find an actual real person on this board who makes that salary, they can call BS on FLUs flawed take home pay calculation.
Your data points aren’t tangible examples so of no value to my specific question.[/quote]Not everyone is like you.
Why would my data points aren’t tangible? It’s a direct answer to your question. Some people would be will to state their pay when it’s anonymous. Which is exactly what my data show. Why does it matter if one of the people here is making that much and be strictly technical?
Participant[quote=deadzone]Once again, I’m asking if anybody here currently makes 175K base salary for a corporate engineering position in a purely technical role (i.e. no management or supervisory responsibility).
I’m not suggesting this is impossible, but I do believe that is an uncommonly high salary for San Diego at least. I would be interested in a tangible example of this if there is anybody on this board. I do not need to see your pay stub, I will believe you.[/quote]
No one will tell you how much they’re getting paid. But I did give you plenty of data points.Participanthttps://www.glassdoor.com/Salary/Intuit-Architect-San-Diego-Salaries-EJI_IE2293.0,6_KO7,16_IL.17,26_IM758.htm
https://www.glassdoor.com/Salary/Intuit-Principal-Software-Engineer-San-Diego-Salaries-EJI_IE2293.0,6_KO7,34_IL.35,44_IM758.htm
https://www.glassdoor.com/Salary/Intuit-Enterprise-Architect-San-Diego-Salaries-EJI_IE2293.0,6_KO7,27_IL.28,37_IM758.htm
https://www.glassdoor.com/Salary/Qualcomm-Principal-Software-Engineer-San-Diego-Salaries-EJI_IE640.0,8_KO9,36_IL.37,46_IM758.htm
https://www.glassdoor.com/Salary/Qualcomm-Principal-Engineer-San-Diego-Salaries-EJI_IE640.0,8_KO9,27_IL.28,37_IM758.htm
https://www.glassdoor.com/Salary/Qualcomm-Senior-Staff-Hardware-Engineer-San-Diego-Salaries-EJI_IE640.0,8_KO9,39_IL.40,49_IM758.htm
https://www.glassdoor.com/Salary/Broadcom-Senior-Principal-Systems-Engineer-San-Diego-Salaries-EJI_IE6926.0,8_KO9,42_IL.43,52_IM758.htmParticipantkev, I know and understand what you’re feeling. But you have to understand that also mean the floor for our profession is pretty high as well. Glass half full vs empty mentality. If you want to break out into the $150k+ range, you have to become an architect and understand have experience in full stack. Strictly server or client won’t cut it.
ParticipantI totally agree with flu. Do you want like, not what pays the most at the moment. However, app development is hot right now, and you can make $130-170k with the right experience. .NET isn’t too bad either if you get yourself in .NET + Biotech.
Participant[quote=bewildering]I did not consider MM as the traffic seemed a little tough and I think they are building a load more stuff to make the traffic worse.[/quote]Traffic isn’t bad. If anything, it’s better than most areas, since most people coming into MM to work, so you’ll be going against traffic.
As for all the new development going into MM, I fully welcome it. I’m looking forward to more retail due to increase in density. Not to mention all the office building they’re adding in MM and UTC. I never have to go more than 20 minutes to get to work and I’ve worked from 5/52 area all the way to North RB to Scripps Ranch. I’ve always going against traffic.
I never suggested MM to the OP, because I know the stigma MM have and most people who are looking for a $1-1.5M wouldn’t consider living in MM and send their kids to private school.
Participant[quote=FlyerInHi]You guys are raising super kids. I’m having anxiety just reading. I don’t think I could ever compete.
Did anyone consider a very tough boarding academy? How about an elite high school in Switzerland? Start saving as soon as the child is born.[/quote]
No, I never consider boarding school. I want my kid to have a good education but I also want them to be exposed to a diverse group of people. I don’t want to coddle them. However, I wanted them to build up a love for learning. Which is why I put them in Montessori the first couple of years to build up their fundamentals, but then let them lose in public school so that they’re exposed to a much more diverse group of kids.I personally think it all comes down 1) having them love learning, 2) give them goals and expectation, so that they’re constantly pushed 3) pure genetic (IQ). #3 is the most important in term of where their ceiling is. Just in case they have a low ceiling, I don’t want them to feel like they’re failures. As long as they perform at their best potential, that’s all that I care about.
Participant[quote=flu]In public schools, I don’t think the donations make much of a difference to peddle influence if that’s what you are worried about. However, volunteering in class and PTA, while not directly influences things, at least will make you aware of the direction the class and/or school is going…So if you’re concerned about that, I’d suggest you or your wife get more involved in the school.
In a private school, in addition to the tuition, yes additional donations probably does make a difference in the amount of time is dedicated to your kid. So that’s why I think it’s ironic that some people think the end-all-be all to being in a not-so-great school district area is simply to send their kids to a private school. Yes, your kid might get a better education relative to the public school he/she was going to attend, but you’ll also be competing against other families/parents that most likely will have a heck of a lot more money than you do. And in a private school, at least based on what some of the folks I know have said, you’ll see a lot more influence in that regards. It’s one of the reasons why I don’t plan on sending my kid to a private school, at least not before college.
Not that I think there is anything wrong with that. It’s just simply for me, I cannot afford to compete with others who have a lot deeper pockets. Take “flyer” for instance. If he had a grade school kid that sends his kids to private school and I have a grade school kid to send to the same private school, it takes him a lot less financial resources relative to his net worth than it would take me. He could send his kid there, donate a couple of extra 10’s thousands, and that probably would make a difference in a public school. Me, maybe I could come up with the private tuition, maybe I can donate my time…Is it worth it? For him, probably, because it probably doesn’t make a dent on his bottom line. Is it worth it for me? Probably not. Because it makes a huge dent in my bottom line. Would I if I could, you betcha… So hey, that’s how it works. You recognize we’re not all equal, and you realize well, shit here’s my constraints, got to make the best of it.
I figure if my kid is good enough, she’ll be able to do just fine in a good public school. And if she is not academically inclined, there’s no amount of private grade school or tutoring, etc that will fix that, in which plan B will be to allow her to be a trust fund kiddie ! Which brings me to point #2.
I never plan on selling any of my properties, unless it’s to do a 1031 exchange. Part of my FLU empire building strategy. I don’t see how kids these days will be able to really make it on themselves without a little help. Maybe a small percentage of the population, but most other kids on average will need help. It’s a pretty brutal world out there these days. If you think about it, you’re complaining about affordability of housing right now. Imagine what’s it’s going to be like when you’re kids are your age.
Imagine what college tuititons will be like if the elite schools continue with their 4% annual increase. Imagine what will happen if taxes go considerably up with a retiring elder population taking out of all the social systems. Imagine when our debt ceiling explodes. Ain’t gonna end pretty, I’m afraid.[/quote]flu, I don’t think you’d get special preferential treatment in private school either. At least that’s not my experience. In my kids’ school, every room has a room parent. Who organize donation for the teacher and PTA. Then all the parents donate when the room parents send out the suggested donating amount. I never felt like my kid was getting treated differently and there’s no way for the teachers to know how much each parent donate. The only way you can make a bigger difference is to volunteer. But that’s exactly the same as public school.I agree that private school is not a be all/end all of private vs public. But in term of donation and volunteering, they’re very similar. So, you have to ask yourself, how much you’re spending more for a house in CV vs a very similar house in SV, looking at the same canyon. If you have just 1 kid and you send him/her to private school for all 12 years, you’re looking about $70k for the first 7 years and ~$200k for the remaining 6 years if you send him/her to LJCD. So, the difference is $270k. That’s a much bigger premium CV is getting vs SV. So, if I have just 1 kid and I want to send my kid to the absolute best school, that’s what I’d do.
What annoys me about public school is the teach to student ratio. Which I think affect things greatly. In private school that my kid went to, in 2nd grade, teacher to student ratio is 12-to-1 while in public school, 2nd grade ratio is 24-to-1. Not to mention that private school don’t have 1/2 day every week, their school hour is longer everyday, and they have less holiday (Thanksgiving week vs just getting Thursday/Friday off).
Participant[quote=ocrenter][quote=AN]Why shouldn’t they make it this difficult to get a gun?
But I feel like this is a false analogy. Especially if you believe life start at conception. If you believe abortion is killing babies, then more babies were murdered than all of these terrorist attacks combined.
Since one side want to ban guns and the other side want to ban abortion, should we ban both? I wonder how they would vote if a bill like that comes to the floor.[/quote]
as much as I am pro-choice, I would totally go for banning abortion and gun if that’s the price to get this done.[/quote]my fear is banning them is as effective as banning alcohol during Prohibition or the current war on drugs. Which mean, you’ll bring the rise to gang, mafia, etc. and people still getting abortion, but they’ll just do it underground in some ally.
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