cmonkey's journal

Where are you and where are you going?
classical_Liberal
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Re: cmonkey's journal

Post by classical_Liberal » Thu Apr 04, 2019 1:17 am

Frick'en fabulous!

Seppia
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Re: cmonkey's journal

Post by Seppia » Thu Apr 04, 2019 2:40 am

cmonkey wrote:
Wed Apr 03, 2019 6:01 pm
NO SURGERY!! :o :o :o
This is fantastic news! you made my day today cmonkey
cmonkey wrote:
Wed Apr 03, 2019 6:01 pm
DW and I feel like we need to celebrate, but we don't know what to do! Anyone have any ideas?
make another bmonkey?
;)

cmonkey
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Re: cmonkey's journal

Post by cmonkey » Thu Apr 04, 2019 8:33 am

Thanks everyone, I still feel like I'm walking in a dream after hearing the news. I doesn't feel quite real. I guess the lack of appointments on my phone is confirmation.
7Wannabe5 wrote:
Wed Apr 03, 2019 6:20 pm
Maybe order a heartnut tree to plant at your new home, surrounded by baby soft pink tulips intermixed with red veined sorrel?
This is a wonderful idea! I wish our plot of land was big enough to grow one, but who knows where we will live down the road. Maybe I could grow one in large pot.
Seppia wrote:
Thu Apr 04, 2019 2:40 am
make another bmonkey?
;)
Ha! We are pretty dead set on just one, I'm not sure I could go through all the wondering and worrying again. The past 6 months have been a rollercoaster of greater magnitude than most parents go through.

One other consideration here is reversion to the mean with regard to general attitudes in babies. Bmonkey never cries unless she gets hungry and then it's more of a grunt and she sleeps very well right from the start... so....dunno if I wanna revert here. ;)


I also forgot one other thing! We got bmonkey's genetic results back and got more detail about them. Turns out she has no genetic diseases at all (or coming) but she has a small deletion on one of her chromosome 18 which isn't associated with any known problem. This either came from just one of us, or was a random mutation. Which means that her Situs Inversus is not genetically caused, it's just entirely random occurance. The cause is completely unknown. She also doesn't have PCD!

George the original one
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Re: cmonkey's journal

Post by George the original one » Thu Apr 04, 2019 12:39 pm

Hurray!

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jennypenny
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Re: cmonkey's journal

Post by jennypenny » Thu Apr 04, 2019 6:12 pm

Congrats on healthy bmonkey! I'm so happy for you.

SavingWithBabies
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Re: cmonkey's journal

Post by SavingWithBabies » Thu Apr 04, 2019 7:05 pm

Likewise! That is great news.

cmonkey
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Re: cmonkey's journal

Post by cmonkey » Mon Apr 08, 2019 8:07 pm

Thanks guys!

We met with one of the top-selling realtors in the area today. We both like her and are going to talk with her partner tomorrow.

She is pretty confident we will sell the place quickly, given we have a lot of land and people are looking for land in the area, plus we have made such extensive upgrades to the house. She was pretty impressed.

I am pretty nervous about this and just hope it goes smoothly. I feel better after talking with the realtor.

I've been working on finishing up last little projects (some trim and floor transitions) and making sure anything that an inspector would note are taken care of like uncovered electrical boxes and other stuff. Still have a bit to do, but I am close to being finished.

I'd say we have about 50% of the plants dug up that we are taking. The rest are coming up quickly now since it's so warm this spring.

Smashter
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Re: cmonkey's journal

Post by Smashter » Mon Apr 08, 2019 8:31 pm

Glad to hear all the hard work on those home improvements paid off. And such good news about BMonkey!

How hard is it to take all those plants? How did you decide what to take? I love the idea of you selling stuff you don't need anymore but keeping a bunch of plants, such an ERE move :D

cmonkey
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Re: cmonkey's journal

Post by cmonkey » Mon Apr 08, 2019 8:43 pm

Smashter wrote:
Mon Apr 08, 2019 8:31 pm
How hard is it to take all those plants? How did you decide what to take? I love the idea of you selling stuff you don't need anymore but keeping a bunch of plants, such an ERE move :D
Thanks Smaster. Many of the plants hold meaning to us because they came from deceased family members and a lot of the others are more unique varieties of stuff that we like to much to leave behind. Most of it is just splitting of plants so we are not removing the landscaping.

Yes we are silly. :lol:

George the original one
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Re: cmonkey's journal

Post by George the original one » Mon Apr 08, 2019 8:50 pm

cmonkey wrote:
Mon Apr 08, 2019 8:43 pm
Yes we are silly. :lol:
Nah, you're just gardeners! We did the same thing.

vexed87
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Re: cmonkey's journal

Post by vexed87 » Thu Apr 11, 2019 5:16 am

Belated hurrah! That's brilliant news, we are thrilled for you bmonkey! 8-)

cmonkey
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Re: cmonkey's journal

Post by cmonkey » Tue May 07, 2019 12:56 pm

So I got pinged by my old co-worker(s) again and this time had a phone call with them. Later this week I have a conversation with their new manager. It sounds like all the old BS of outsourcing burned them pretty bad and they are bringing all the technical work back to US hands.

They have exhausted their internal search for a candidate and are going external now, which is why they contacted me.

I'm not totally sold on going back, but it is a good company and the people were great to work with, much more so than my current co-workers. I'm going to be very particular with what I would want with any position with them - 1099 for about 30% more pay than I get now, full-time remote/WFH ( they are good with this already ) and I'm thinking a start date of August 1 for a variety of reasons.

The work definitely isn't/wasn't as interesting as what I'm doing now, but that might have changed. It sounds like they have started working on some of the stuff I do now. Taking this job would actually allow me to go back to my current job in a year ( 1 year non compete agreement! ) through a direct contract rather than through the contracting company I go through, which would effectively double my current pay as the contracting company takes a substantial portion. We are talking 250K+ in income annually for the exact same job, minus all the taxes and health insurance of course.

Of course I also want to just be done working with computers, but doing different things is kinda fun too....one more year syndrome might be hitting here.

Another HUGE negative is that taxes will be more complicated and tax-sheltering much more difficult. I would likely just hire a tax guy. Tax sheltering while self-employed is possible, but all of the accounts (SEP IRA, Solo 401k, SIMPLE IRA) are vastly harder to get money out of before you turn 59.5. Effectively all this extra money would mean nothing to my FIRE plans unless I kept it out and paid the taxes. But you can stash 100K+ in them each year, tax free!

We'll see what happens. In any event its nice to be wanted, it's a weird and new experience for sure!

Mister Imperceptible
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Re: cmonkey's journal

Post by Mister Imperceptible » Tue May 07, 2019 7:16 pm

Congrats on the 1099 life, you will be very happy. Not having to go thru such farces as “setting my goal for this year on the company portal” is a wonderful thing. Extra satisfying after the guy intially said it was salaried only and you just stayed firm :D :D :D

The taxes are a pain. I say pay the taxes, or at least not max out pre-tax. I maxed out my SEP IRA in the first year for tax diversification, but am thinking of contributing $0 for 2018 (have until Oct 2019 to decide....the nice thing about self-directed plans also is that you have the optionality of waiting on developments). Taxes are at record lows. I’ve been thinking about this and really tax deferral is a variable interest rate loan with a government that is over $22 trillion in debt not counting SS, Medicare, and unfunded pension liabilities. But I’m biased toward real assets and it’s harder to own that stuff in a retirement account. You can get the leverage back with real estate.

Cool that it just turns out that maybe bmonkey actually just has super powers or something ;)

cmonkey
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Re: cmonkey's journal

Post by cmonkey » Wed May 08, 2019 10:27 am

@MI, yea that's the exact reason I don't want a salaried position. Plus all the 'development goals/tracking' stuff. It's just so stupid.

I actually just learned I could be on W2 with a direct contract as well, so I might go through route if offered. I'd still pay more in taxes, but at least nothing would change from now and I'd only see half of the FICA tax payments.

Good thinking on the taxes, I think it's inevitable that taxes will go up at some point. I don't even think you can get money out of a SEP IRA anyway, not like a normal IRA. With a Solo 401k you have to 'shut down the business' officially with the IRS and then you can roll it into an IRA, but I don't think you can do Roth conversions on it.

prognastat
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Re: cmonkey's journal

Post by prognastat » Wed May 08, 2019 12:12 pm

To be salaried I would require a level of pay that my employer would never agree to. I would effectively be checking my hours worked for the past year. Calculating how much I would be making a year including OT then adding a safety margin on top of that and looking for that as my new salary and they would never agree to that since it would actually cost them more.

Although I've seen a few situations where salaried worked out beneficially for the employee in the vast majority of cases I see someone who would have been better off hourly both in that they would be paid more and could fully disconnect from work after leaving for the day. Most of the people I know end up working more unpaid hours and being more stressed by needing to be more available.

Mister Imperceptible
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Re: cmonkey's journal

Post by Mister Imperceptible » Wed May 08, 2019 5:43 pm

I believe you can rollover a SEP into a Roth, from what I have read and what my CPA has told me. According to this you can roll a SIMPLE too.

https://www.goodfinancialcents.com/roth ... tax-rules/

cmonkey
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Re: cmonkey's journal

Post by cmonkey » Wed May 08, 2019 9:50 pm

Mister Imperceptible wrote:
Wed May 08, 2019 5:43 pm
I believe you can rollover a SEP into a Roth, from what I have read and what my CPA has told me. According to this you can roll a SIMPLE too.

https://www.goodfinancialcents.com/roth ... tax-rules/
Nice, that's good to know. Can you do partial conversions?

Mister Imperceptible
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Re: cmonkey's journal

Post by Mister Imperceptible » Thu May 09, 2019 8:09 am

Haven’t done a conversion myself so all I could give you is more Google-fu and potentially motivated advice from my CPA.

When I tried to articulate my investment outlook to my CPA a few weeks back, he said “Our broker informs us that there is no recession expected in the next 18-24 months.” So if the stock market tanks soon, it’s not the CPA’s fault, after all he was just telling me what the broker told him. And this unnamed broker isn’t legally obligated to act as anyone’s fiduciary either. The CPA and the broker both want management fees.

Sorry for the tangent- I would hate to give you bad advice. At least I won’t present myself as a fake expert!

cmonkey
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Re: cmonkey's journal

Post by cmonkey » Thu May 09, 2019 11:20 am

Hehe - of course a recession is never coming, because growth forever....


I had a converstion with the manager and it could not have gone better from both of our perspectives. The company is completely changing their orientation toward outsourcing work. They are reducing HR overhead in terms of development goals, performance goals, etc... particularly on my old team. I had actually known the manager previously and he seemed like an ok guy. Talking with him today we have a lot in common.

As far as he is concerned, I have the job, but he needs to get HR to approve a contract position. I told him my number for both contract and salary (salary being ultimately higher comp, since it's my least preferred position) and he seemed fine with both.

prognastat
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Re: cmonkey's journal

Post by prognastat » Thu May 09, 2019 11:22 am

Congrats, hope when you hear back from him he comes bearing good news.

If they agree to both your contract and salary comp requests which would you go with?

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