[Coronita]

[quote=SurfAndTurf]interesting – didn’t think about ending lease early. Just reviewed the terms and it does mention that i’d be liable only up to the point where it’s re-rented.

We’ve only been here for a year, but have had to put up with a lot so would expect theres some goodwill with the landlord.[/quote]

I seriously doubt a landlord would object to you moving out earlier. He probably will get higher rent than he is getting from you right now.

and frankly, it might take some time for you to find a house. I’d say if you can find out and close escrow by March that is already pretty good imho.

[Coronita]

The best realtor is the one that you work best with 🙂

I think the best thing to do is just to meet with the realtor and see how it goes…

sdrealtor was my best realtor while urbanrealtor was my best property manager….

(I simply haven’t done a transaction with urbanrealtor)

[Coronita]

.

[Coronita]

Unfortunately, I think $1million is probably the entry point for most places that are in demand, whether it’s coastal or RB or Poway or RP…

The difference is what you get with $1million.

Closer to coastal and/or sorrento valley, smaller house, smaller lot… RB bigger house bigger lot higher HOA/mello ruse(sic)… Further north like Carlsbad, bigger house bigger yard, closer to ocean, further away from sorrento valley (may not matter anymore)…

If you’re in a profession that allows for remote work, I’d say commute time doesn’t matter. If I were to do over, I’d probably be in Carlsbad.

If you’re in a profession that still requires in person office, I’d prefer to pick the closer location that doesn’t require a ridiculous commute… Time is money.

[Coronita]

[quote=svelte][quote=svelte]Funny, just 30 seconds ago I was reading about cliff coming in car prices in late 2022…

https://www.autoblog.com/2021/12/22/used-car-price-drop-coming-2022/
[/quote]

Update: saw the results of a recent study that says the new car chip shortage isn’t going away any time soon.
Here is the latest prediction in production shortfalls due to lack of chips:
2021: 10M
2022: 8M
2023: 4M
2024: 1M
Return to normal in 2025.

If that is true, they there will not be a cliff in car prices in 2022![/quote]

A lot of car companies are already reducing the available options that can be ordered with the car. BMW already scrapped a few higher end trims.

It should be clarified by “part shortage” this isn’t your run of the mill mechanical part that’s in short supply. It’s electronics and chips.

There is not really a mechanical parts shortage, especially for manufacturers that use common interchange parts.

The issue is that new cars are built with so much electronics gizmos now, it’s hard to make a car complete without all those bells and whistles…

Common interchange parts have not really gone up in price because there’s so many manufacturers of them.

Maybe it’s time to go back to basics…

Don’t think used car prices are going to fall off the cliff. Maybe it will stabilize but the issue is two folds.

New car parts shortage means that both retail and car rentals can’t get the cars they need. So car rentals are still poaching the pre-owned markets…

Also, for manufacturers like GM and Ford, they are starting to shift their manufacturing strategy and move away from making those bare bone cars that typically car rental companies like to buy (stripped cars). They figured that because of the supply constraint, people are willing to pay for cars more fully optioned and selling less of the bare bone cars they lose money on. Finally…. it took long enough…

[Coronita]

Anti depressants have major side effects once you get off. Unless you are severely depressed all the time, ain’t worth it imho

For anxiety, people say weed helps.

[Coronita]

[quote=scaredyclassic]I’ve seen some middle aged lawyers just kind of implode from mental issues.

I actually feel more able to keep working. I was in a bit of an emotional tailspin.[/quote]

I get annoyed each time the company I work for executes their “exit strategy” and gets acquired….

Great for shareholders, terrible if you were hoping to build something that lasts.

I never bitch about things to my coworkers because you never know when it come back around and bite you in the ass…

You guys should totally play the game Grand Mafia. Teaches you real life work politics survival skills.

You have to know which factions to please , what to say, and when to throw someone under the bus to survive in the game, lol.

[Coronita]

You don’t need therapy when it comes to work. You just need some piece of office equipment, a baseball bat, and 45 minutes drive to remote location….then you throw the office equipment down the hill and at the bottom beat the crap out of it with a bat….

Just like in the movies…

Try it… Works really well.

[Coronita]

[quote=plm]401Ks are so overly complicated. Being a max out saver myself, my understanding is that most companies offer the true up but that is calculated at the end of year and paid beginning of next year. For me the matching contribution stopped but the non matching contribution continued.

Also Christmas might have came twice for you as well as early. For me the 401k contribution applies to bonuses as well as salary so the true up should take that into account so you should get a true up of your bonus as well. Merry Christmas![/quote]

Whelp. You are correct. That’s what the discrepancy was. For the life of me I couldn’t figure out why the match was more than what should have been on my base salary…I thought company does a 5% match on the base and an extra prorated 5% match starting July. But the amount on my paystub for 2021 is higher than that and couldn’t figure it out…

So it also seems like they did a match on the retention bonus they paid us employees in San Diego when they decided to close the SD office and have everyone here permanently work remote….

I guess they were afraid in 2020 people would just quit so they handed out 25% retention bonuses to get people to stay until Feb 2021, and paid them out end of Feb….We thought they would ask us to transition stuff over to a Florida staff, pay them a lot less, and then get rid of us..but it didn’t happen with this COVID economy since finding people was such a pain in the ass in general.everywhere…

So the 401k match appeared to apply to the retention bonus paid in Feb 2021 and also the the extra bonus I got in December. a match for a lump sum paid match. Ha ha..

I really should pay closer attention to the pay stub….lol…My last company was a startup and towards the last 4 months and the employer withheld the 401k but didn’t deposit the amount into our accounts for 2 months. I was the first person to notice it and called them out on it….Made sure they paid it, then I stopped contributing to 401k and shortly after quit the company….They ran out of money shortly after.

Merry Christmas everyone !!!

[Coronita]

[quote=teaboy]#humblebrag

..but easy on the humble, pls. 🙂

Merry Xmas, all!
tb[/quote]

After all the shit my company put some of us through, it’s not the monetary amount that matters. It’s just the feeling that I got something more from them that they normally didn’t offer.

Finally, I indirectly reimbursed for all the new smartphones I bought my staff out of my own pocket because my company at some time was so damn cheap that they didn’t want mobile engineers to have the latest phones to do their work, and after months of jumping through red tape and trying to justify roughly a drop in the bucket $6000 for a company so that people could do their work, I got hit with a bunch of paperwork about a “cell phone policy” and how part of the phone would be reimbursed but part of it was on the employee, and there was stipend for the cell phone plan, but we didn’t need a plan just a unlocked phone to run software. The amount of the cell phone plan stipend + half the reimbursement cost of the phone was more than just a phone without a plan, but oh no, they didn’t understand that so I had to fill out a bunch of other justification for this and that…And months later still no movement.

Finally I got fed up with it and just bought everyone a phone. My staff was happy, because they got a new shiny new phone. It wasn’t attached to the company, and it was attached to me on a honor system “loan”. And the honor system deal was, if you leave this company and I’m still here, you need to return the phone back to me. But if I leave the company before you do, you can keep the phone and there’s no strings attached to the company and this phone and it’s not considered company property, since I will never seek reimbursement from the company….You know, small things that builds staff loyalty, so that if you do end up leaving a company and need to build a new team, you’ll have a much better success poaching people from your old team…

Of course, when my boss found out about it, instead of say thanks for taking care of this that was frustrating the entire mobile team for months and keeping up work morale, the conversation went like:

Boss: “You’re making the company look bad..”

Me: “Ooh really???? And how am I doing that?”

Boss: “You’re making the company look like it’s cheap…”

Me: “Ooh really??? Ya think?”

Boss: “We don’t have an equipment policy to allow mobile engineers have a company provided phone beyond the standard cell phone plan based on a usage/need basis”…

Me: “Ooh really? The company doesn’t ask server engineers to bring their own servers to do their job, why is the company asking my mobile engineers to bring their own phones so they can do their job???”

Never had an equipment plan purchase problem afterwards, including all the MacBook Pro M1 Max we’re getting now, minus one fun discussion around that too.

IT department wanted to get us a MacBook Pro M1Max with a 16″ display with 32GB…
My engineers didn’t want to lug around a 16″ display and since it was going to be connected to a monitor most of the time, it’s useless and they opted for a 14″ display but wanted 64 GB of ram instead so that they could run virtualize better and do multi-compiles easier….

I got into another argument over that…..

Because although 16″ display + 32GB costs exactly the same as 14′ display + 64GB….
64Gb was considered “wasting money”…
But 16″ display instead of 14” was not…..
Had to jump through hoops with that too by finally put that on my p-card and said “oops, I made a mistake with the order of 12 machines….too bad I can’t cancel all the orders now because they are being built….”

Frustrating most of the senior management telling me what to do, have no clue about mobile…except one boss’s boss, who gets it and fortunately I get along with him so far, otherwise I probably would have been pipped an fired a long time ago, lol. The CEO knows more about mobile this his staff, and ideally working with him directly probably would be 10x easier…He actually gets it. And I haven’t had a problem recently with funding directly asking him for it with boss’s boss. It was interesting most everyone else is afraid to talk to him. But perhaps they are afraid he’ll call them out on their bullshit, which is exactly what happened in the last meeting. lol. It was the funniest thing. These people put this like 32 page powerpoint presentation that would have lasted 2 hours, and 15 minutes into it, he basically said he has ADHD and can’t stand meetings that last longer than 45 minutes and told told them redo it. I took 15 minutes, and unofficial cleared for funding. Go figure.

Thanks Piggs for being my shrink…I need one to deal with this shit, but it’s much cheaper this way….

[Coronita]

[quote=Escoguy][quote=Coronita]Well, this was an unexpected result.

I made a mistake on my 2019 federal taxes and had to file a 1040x amended return to get back money that I accidentally overpaid. (Basically, I accidentally double counted the capital gains on a custodial account for my kid on both her individual taxes and my own taxes, because of a minor oversight of the TurboTax/Brokerage import tool that imported it into both tax filings)….

Anyway, the IRS returned me the overpaid taxes in 2019…plus interest…And the interest was much more than how much I would have earned leaving the amount in a 2-3 year CD…. So I was curious exactly how much interest is paid for overpaid taxes, and I found this from the IRS…

[quote]
June 24, 2020

Interest on individual 2019 refunds reflected on returns filed by July 15, 2020 will generally be paid from April 15, 2020 until the date of the refund. Interest payments may be received separately from the refund. By law, the interest rate on both overpayment and underpayment of tax is adjusted quarterly. The interest rate for the second quarter, ending on June 30, 2020, is 5% per year, compounded daily. The interest rate for the third quarter, ending September 30, 2020, is 3% per year, compounded daily.
[/quote]

So, yes overpaying your taxes and then asking for a refund does in fact give you better returns than leaving the same money in your 1.5%-2% CD, lol.[/quote]

A highly compensation person I worked with 500K+ was late on his taxes and quite stressed until he learned his interest rate was only like 1% (back in 2019).

I’m assuming the IRS will now raise the rate it charges too, and not only the rate it pays.

So suddenly, anyone on a multi-year tax repayment plan may have to check if they are impacted.[/quote]

Yes, because actually my 2020 taxes, I didn’t make estimated tax payments correctly (I never do) and owed like $115 in penalties. I think the interest rate for the penalty was like 4% or something like that…They sent me a statement, but actually the penalty was lower than I calculated with turbo tax, and since I overpaid my taxes in my extension, they still owe me money.

I got off easy with the $115 in penalties only. My estimated taxes were just an gussimate and forgot a few places of capital gains. Fortunately, I did a lot of remodeling and on paper my rental income was $0 with a carry over loss…

If only the IRS would cut me the fcking refund check they said they would back in July, which was suppose to be only 4-6 weeks. I guess they will owe me interest for taking until now….

[Coronita]

Well, this was an unexpected result.

I made a mistake on my 2019 federal taxes and had to file a 1040x amended return to get back money that I accidentally overpaid. (Basically, I accidentally double counted the capital gains on a custodial account for my kid on both her individual taxes and my own taxes, because of a minor oversight of the TurboTax/Brokerage import tool that imported it into both tax filings)….

Anyway, the IRS returned me the overpaid taxes in 2019…plus interest…And the interest was much more than how much I would have earned leaving the amount in a 2-3 year CD…. So I was curious exactly how much interest is paid for overpaid taxes, and I found this from the IRS…

[quote]
June 24, 2020

Interest on individual 2019 refunds reflected on returns filed by July 15, 2020 will generally be paid from April 15, 2020 until the date of the refund. Interest payments may be received separately from the refund. By law, the interest rate on both overpayment and underpayment of tax is adjusted quarterly. The interest rate for the second quarter, ending on June 30, 2020, is 5% per year, compounded daily. The interest rate for the third quarter, ending September 30, 2020, is 3% per year, compounded daily.
[/quote]

So, yes overpaying your taxes and then asking for a refund does in fact give you better returns than leaving the same money in your 1.5%-2% CD, lol.

[Coronita]

[quote=svelte]Why does anyone think this is a good deal?

The fixed rate is zero and remains that way for the life of the bond.

Therefore, the rate of the bond is twice the semi-annual inflation rate, ie it is the rate of inflation. And that is calculated twice a year.

In other words, your money is just staying pace with the rate of inflation!

You’re not making money – you’re just breaking even![/quote]

Well, perhaps I agree with you. Except, the way I look at it, money going into this bucket of my investment wasn’t really my money… It was the bank’s money from the cash out refinance at 3%…

So if this thing can keep above 3% for the next 30 years, I’m not losing money, but the banks sure are 🙂

And it won’t be the entire cash out amount. A small portion of it, to offset potential losses from taking higher risk investments elsewhere.

So in my book, overall, in the worst case scenario, hopefully I don’t end up worse off than 4% combined…lol…

[Coronita]

[quote=teaboy]The expected final return on these depends on where you stand on the “Is Inflation Transitory?” thread. 🙂

The current (“Fixed Rate”) interest rate on these is 0% for 30 years until they mature. It only looks good right now due to the additional 7.12% (2 x semiannual inflation rate).

A year ago this was 1.68%, not 7.12%. Who knows where it’ll be next year?
https://www.treasurydirect.gov/indiv/research/indepth/ibonds/IBondRateChart.pdf

Also, very important to note:
When can I cash my I bonds?
After they are 12 months old.

-If you cash an I bond before it is five years old, you will lose the last three months of interest.
-I bonds earn interest for 30 years if you don’t cash the bonds before they mature.
-If you’ve been affected by a disaster, special provisions may apply.
https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iredeem.htm%5B/quote%5D

Yup. which is why you shouldn’t put your life savings into it all, or any one area specifically. Spread the risk

[Coronita]

I bought some and will buy up to the limit for this year for me and kid… thanks for the tip.

[Author]

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