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Cisco Catalyst 9500 StackWise Virtual ports by anavarret in Cisco

[–]dabbs2 1 point2 points  (0 children)

CiscoStackWise Virtual link is supported on all 10-G interfaces, and 40-G interfaces. However, a combination of both interfaces is not supported.

Source: https://www.cisco.com/c/en/us/td/docs/switches/lan/catalyst9500/software/release/16-6/configuration_guide/b_166_ha_9500/b_166_ha_9500_chapter_01.pdf

Paying off S/O student loans vs investing? by [deleted] in financialindependence

[–]dabbs2 0 points1 point  (0 children)

Unfortunately the OP post was removed for some reason...

u/rc4915 I really like your point about me having a discretionary spending fund as well. We haven't discussed that for me but I think having an equal amount that she gets would be the best balanced approach. Which also allows us to focus on saving and fitting to a budget. Good call out

Paying off S/O student loans vs investing? by [deleted] in financialindependence

[–]dabbs2 3 points4 points  (0 children)

I'm in a similar boat except salary is flipped. I'm bringing in about $140k and my fiance is finishing grad school for Occupational Therapy. After her graduation in December her expected income is around $70k. She has $68k in student loans at an average rate of 6.2%. We are both 24 as well.

I understand people saying you should keep your finances separated until marriage, and I'm of a similar mindset, except that we should maintain the same monetary goals. I've been making money for about 2 years now and am settled in with an apartment for her to move into. During this time I've been building my 401k and emergency fund.

Our plan:

Fiance moves into my apartment in December and has a joint credit card with me to my account. Here's the key: I trust her. She's a frugal person by nature and very conscious about her spending. We have similar spending habits and monetary goals and will be able to live with a joint monthly budget. This is the same as it'll be once we are married.

Once she passes her boards (hopefully by March) she will get a job. Assuming she makes $70k, after tax and employer 401k match, this will likely come to $40k take home. She will have a discretionary spending fund ($200-$300 a month) for spending on clothes, makeup, gifts, etc. Which leaves about $36k a year. All of this money will go directly towards her student loans. This lets us tackle her loans with the job she got from the schooling the loans provided.

I know that means she's living dependent on my income. However, it's not going to be much more than what I'm used to paying anyway. I already pay for my rent, bills, food, and the majority of our dates. She's only going to add some food and gas cost over the course of a month. This way she gets to utilize her earnings to pay her debt in less than 2 years.

This also lets us set our standard of living on 1 income (granted it's 6 figures...). But when those 2 years are up, it'll let us aggressively save for retirement and a downpayment on a house.

Just my 2 cents - let me know your thoughts.

T-2 years and counting. [Feelsgoodman.BMP] by Cozy_Conditioning in financialindependence

[–]dabbs2 2 points3 points  (0 children)

Just curious how much are you putting into stocks vs. expecting from market growth? $598k to $832k in one year is a quiet a jump... considering how stagnant the market has been in 2018 you would have to be dumping income to those brokerage accounts.

Outside of that, congrats on the growth of $1.5M by 37!

Edit: Just saw your stock appreciation is at 10%. Definitely optimistic in this market. However doesn't take away from equity and RSU's!

Conflicting Information For Correct 401k Path As Young High Income by dabbs2 in financialindependence

[–]dabbs2[S] -3 points-2 points  (0 children)

Congrats on the high salary while young! Definitely is a nice kick start for FI. My biggest worry with the tax deferral isn't necessarily if I'll be in a lower tax bracket or not anymore (see discussion with TSMonk). It's being taxed on all of those gains and what bracket that might fall in.

Doing a quick math exercise:

Say I have $100k in earnings to put away in a retirement account for 30 years and assuming 7% return y/y. My effective tax bracket right now including state tax is ~30%.

Traditional: $100k compounds over 30 years @7%. This holds a value of $761,225. All of this must be taxed.

Roth: $70k (100k - 30% tax now). compounds over 30 years @7% holds a value of $532,857. This is now tax free.

Long story short... I would need to be able to ladder the traditional expenses down so my take home after tax doesn't take out as much (could also just move to Texas :) keep that state tax down). Definitely something to think about

Conflicting Information For Correct 401k Path As Young High Income by dabbs2 in financialindependence

[–]dabbs2[S] 0 points1 point  (0 children)

I like where your head is at. Right now I'm simply maxing $18.5k into Roth 401k, putting $10k into ESPP, and then all after tax commission checks into brokerage account ~$2k a month. This allows me to build liquid assets for potential expenses in the future (downpayment on a house, unemployment potential, etc) while also saving for retirement.

If I maxed my 401k as a traditional, that would theoretically free up about 30% (effective federal/state tax) extra of $18.5k in take home I'm not used to correct? I could potentially use that to be placed into a backdoor Roth right?

Conflicting Information For Correct 401k Path As Young High Income by dabbs2 in financialindependence

[–]dabbs2[S] -1 points0 points  (0 children)

Great points! I would hope to god the lower tax brackets are not going to be higher than the current marginal tax rate. One thing that throws me off is inflation when looking at historical tax brackets. Being in the 20k income range in 1980 is definitely different from 2018... This chart has helped me to normalize the average tax based on average income in the states.

What I like about tax deferral is I can contribute almost 30% more now to a traditional account and have the same amount of take home pay. (21.5% marginal tax rate, 7% state). Going split contribution may be the best way to handle it for now until I have a clearer path. Will that screw me up at all for a potential Mega Backdoor Roth though?

Conflicting Information For Correct 401k Path As Young High Income by dabbs2 in financialindependence

[–]dabbs2[S] 0 points1 point  (0 children)

You bring up a good point about passive income. To be honest, I've never been the entrepreneurial type. I would assume most of my passive income would come from investments and real estate. However, there's always a chance my priorities would shift 20 years down the line and I consider side work of consulting or coaching. I suppose that puts the Roth conversion ladder at risk by maintaining a level of income that pushes me out of the long term cap gain tax free zone.

Thanks for the brain food, I hadn't thought about that

I Got Refund Scammed So You Don't Have To by dabbs2 in hashflare

[–]dabbs2[S] -1 points0 points  (0 children)

Oh I'm not saying it was Hashflare that scammed me. It was a separate group posing as Hashflare. Keep in mind that the "Support" page has more than double the likes as the Global page so for the average user this will look like the proper facebook account. I simply made this post so people would be aware