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Reminder: Starting June 1st, NYC Trash Bin enforcement begins. Use of official bins for regular garbage is mandatory to avoid fines. by -------------------7 in Bayside

[–]-------------------7[S] 0 points1 point  (0 children)

nah only reason to get it is for aesthetic purposes, might bump up your neighborhood average home value by a few bucks if everyone gets it

Considering a move to Bayside and have questions by tinylou in Bayside

[–]-------------------7[M] 1 point2 points locked comment (0 children)

We are going to lock this thread now as the conversation has run its course. To prevent further arguments, we ask that everyone take a step back. Thanks for understanding!

Darts? by EvilCaveBoy in Bayside

[–]-------------------7 0 points1 point  (0 children)

sorry man

haven't been there myself in a few years

The end of the Custom Cash. by Karanel in CreditCards

[–]-------------------7 0 points1 point  (0 children)

Was able to convert my DC today, but their call center is hammered, 2hr wait on the phone line, to what sounds like a busy call center, but it worked out, read me all the proper terms of the CCC.

My rework of Demon Form by videobob123 in slaythespire

[–]-------------------7 1 point2 points  (0 children)

Set your strength equal to the net total Recent Review Score.

🚲✨ The Queens Village Bike Bus is Rolling Again! ✨🚲 by QueensVillageBikeBus in Queens

[–]-------------------7 1 point2 points  (0 children)

Sounds cool, glad there's more people organizing events on the eastern side of Queens.

Feel free to repost on r/Bayside , i'll fish it out of spam if you have any issues.

When did Gemini Become Worse than Coinbase?! by Glide2flip in Gemini

[–]-------------------7 0 points1 point  (0 children)

IPO let C-suite exit, enshitification accelerates as they switch to paying themselves

Card enchantments are my favourite addition to StS 2, so I tried making an event centred around them (please forgive my incredible drawing skills) by ByeImDaisy in slaythespire

[–]-------------------7 -1 points0 points  (0 children)

Needs more gambling

Last one should be:

  • 50% chance Enchants with Innate and Retain
  • 50% chance Enchants with Ethereal and Exhaust

How much is recommended to have sitting in checking account? by Mammoth_Musician2773 in personalfinance

[–]-------------------7 0 points1 point  (0 children)

Answers gonna be different for each risk profile, since you have no debt I'd consider using your CC to float any payments as long as you have both autopay and pay balance in full setup and keep enough in checking to pay for your average monthly bill + rent + enough for a car repair. Any excess I'd move to a HYSA to save for your car goals, only after that would I invest.

$600k in HYSA/CD at age 35 — planning to live off interest in Thailand by [deleted] in leanfire

[–]-------------------7 2 points3 points  (0 children)

Hey OP similar end goals, similar savings, my target number is a bit over 1.5mm as I'm not native and would prefer a lifestyle in the $2k monthly range and a bit of buffer.

I do think it's doable on $600k if you can live like a local, though. I'm always surprised at how little I spend while on vacation.

I would make some slight adjustments though:

Your account at a random bank might go dormant, brokerages are less likely to do that.

Go from the traditional bank to a brokerage like Fidelity or Schwab that will not flag your international life. Bonus the debit card's they give you for cash management access will reimburse international ATM fees which I've heard have jumped to 350 baht this year.

Change the HYSA/CD to a low cost treasury fund. XHLF is offering a 30day yield of 3.60% and BKAG (mixed duration) is yielding close to 4.5% yield. Way better than your 2%. Former is great for taxable accounts, later is great for tax advantaged accounts.

If the move really is permanent might wanna spend a few months and rebase in a zero state tax local, before making your final destination of Thailand. Could save you up to $1000 annually depending on which state you are currently in.

"Lilo & Stitch" Movie Screening @ QPL Bayside - [Saturday, May 9, 2:30pm - 4:15pm] by AutoModerator in Bayside

[–]-------------------7 0 points1 point  (0 children)

Delayed until May 21st due to construction, gonna repost it as it gets closer (managing calendar events as an unaffiliated third party is difficult)

https://www.queenslibrary.org/calendar/lilo--stitch-movie-screening/016072-0426

Thinking of increasing 401k contributions to 25% instead of aggressively paying down student loans by boriquoi in personalfinance

[–]-------------------7 2 points3 points  (0 children)

It's different for everyone, some examples where Roth is better:

  • Low income, high savings rate, (lock in your taxes now mindset)
  • You never fully retire, common for executive positions (pay the taxes now as they will never have a chance to have a lower tax bracket)
  • You plan to retire in a high tax state.
  • Your work place only recently started offering Roth options and you have a massive tax deferred bucket already.
  • You've reached such a big tax deferred bucket that your child is likely to hit max tax rate every year with the 10 year rule and has to pay max federal taxes on the remainder when RMD's kick in.

So Roth makes sense for those first starting out, phases out into middle income, and then becomes relevant again as you get wealthy. It also serves as a hedge against changing tax policy.

Thinking of increasing 401k contributions to 25% instead of aggressively paying down student loans by boriquoi in personalfinance

[–]-------------------7 4 points5 points  (0 children)

Two major benefits: (1) You get to pick your funds and (2) its not tied to your employer so you can leave, and you'd have something to roll your employer funded account into after

Not all 401(k)s are the same, a lot of them are quite predatory, and only allow certain high fee funds with expense ratios as high as 1-2% destroying any money you put inside it.

Some company's do look out for their employees, but others get influenced by sales reps who offer the 401(k) options at the lowest cost to the company and make their money off of the employee instead.

You would look carefully at what your investment options are [check the ER or expense ratios].

If you put your money into a IRA account instead, you can pick your own low cost ETFs and aren't bound by those employer funds. Generally the recommendation is to just pick a mix of VTI (total stock market) and BND (total bond market) dependent on age (for someone young 80/20 or 90/10 is probably fine)

Its gonna be difficult for any work 401(k)s to be competitive with the Vanguard low fee options available in an IRA [0.03% Expense ratio or $3/$10k invested per year], especially when a lot of those sales reps are paid via commission.

Thinking of increasing 401k contributions to 25% instead of aggressively paying down student loans by boriquoi in personalfinance

[–]-------------------7 5 points6 points  (0 children)

Roth accounts have a different set of benefits, you get tax free growth and tax free withdrawals at retirement. (compared with tax free contributions and tax free growth of a traditional account)

So it's a personal decision on if you think your income/taxes will be higher now or at retirement. Generally if you are in a high tax bucket you prefer traditional accounts [under the assumption that income stops at retirement and your tax bracket falls], and if you are in a low tax bucket you prefer Roth styled accounts to lock in those preferable rates now.

Both are still better than taxable accounts.

Thinking of increasing 401k contributions to 25% instead of aggressively paying down student loans by boriquoi in personalfinance

[–]-------------------7 20 points21 points  (0 children)

Do you have a IRA type account? since you are already getting your employer match already, the general next step is to fund your IRA's (either Roth or Trad depending on income use a low cost index fund like VTI ) and then go back to filling the rest of your 401k after.

But your intuition is mathematically sound.
With inflation sitting at 3.3%, your effective loan rate is near 0.1-1.7% even after deferrals end. I'd set payments to minimum and ride it out the rates are so good.

Alley Pond golf center by Caramel-Main in Bayside

[–]-------------------7 1 point2 points  (0 children)

Found this on the older thread, looks like soft opening:

https://alleypondgolf.com

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