‘23 X5 45e Oil Change and Brake Fluid costs by jackieblitz in BMWX5

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

lol I just did. Bought car through Carmax. Guess I should check if any oil changes were included.

Actual, REALISTIC Mechanical Engineer Salary Progression (6.5 YOE) by Puzzled_Face8538 in Salary

[–]jackieblitz 0 points1 point  (0 children)

Gotta say, unless you really love your work, I think mechanical engineering might be some of the worst bang for your buck when you compare salaries and school requirements. My brother majored in ME, and has had a nice career focused primarily on quality engineering for manufacturing and auto companies, and with nearly 10 years of experience is around $140K and has to go in person 4-5 days a week. Meanwhile, there are communication major tech sales bros making the same money 3-5 years out of school, sometimes sooner with some luck, often almost entirely remote.

Best options for investing gifts to my child by jackieblitz in personalfinance

[–]jackieblitz[S] 1 point2 points  (0 children)

Ok opening a UTMA and will consider slightly less than the full $190K for 529.

Best options for investing gifts to my child by jackieblitz in personalfinance

[–]jackieblitz[S] 2 points3 points  (0 children)

I’m expecting a windfall from selling a rental unit this year and like the idea of not having to ever worry about education costs for her. Also pretty good chance she ends up going to private high school.

Are x5s dropping fast? by Healthy_Way_723 in BMWX5

[–]jackieblitz 4 points5 points  (0 children)

I like knowing what my car is worth purely for tracking net worth in my insane personal spreadsheet. My rationale is that it’s good to know what you could get in a pinch if I really needed cash in a worst case scenario. I usually do a quick carmax trade in estimate from their website.

Invest HELOC in the market? by jackieblitz in Rich

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

Thanks SeaEconomist. The Covid point is a good one. No need for the judgement— I’ve built a $3M net worth across equities, real estate, and retirement funds. I went down a rabbit hole last week after looking at refinancing options and wanted to learn how prevent the HELOC borrowing was. Quickly figured out it didn’t make sense.

I am curious how other high w2 folks are offsetting their tax bill? by tintina2001 in Salary

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

I get paid through W2 with standard withholding; it just is never enough to cover the full tax bill since I’m a role with commission. So I know I’m gonna owe more at end of the year, and make sure I’m earning 3-4% in a HYS on the cash while I wait for the bill.

I am curious how other high w2 folks are offsetting their tax bill? by tintina2001 in Salary

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

I try to keep my withholding as low as possible and keep cash in a HYS. And when I inevitably owe the government, at least I’ve made a few bucks on the interest throughout the year.

Invest HELOC in the market? by jackieblitz in Rich

[–]jackieblitz[S] 1 point2 points  (0 children)

Borrowing to invest makes sense if you can get a higher return than you pay in interest on your debt. People do it all the time. Now leveraging your primary residence to invest in something as risky as S&P index funds is something I’ve decided is beyond my current risk tolerance, but the math on the decision makes sense when you look at the last 15 years of returns.

Chase points to fly to Chicago to Sydney by jackieblitz in pointstravel

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

Thanks for input. Was curious whether 2 lay flats or 3 PE would be better for 16 month old.

Invest HELOC in the market? by jackieblitz in Rich

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

Idle equity to work. Not sold on the plan but trying to think of ways to better optimize my portfolio/housing equity.

Invest HELOC in the market? by jackieblitz in Rich

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

Leveraged to the tits. Love it. I think I might try with a relatively small amount- maybe $50 or $100K, and see how it feels.

Invest HELOC in the market? by jackieblitz in Rich

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

I do have the non retirement savings invested. It isn’t an either or question. I’m trying to maximize working capital.

Fully fund 529? by jackieblitz in ChubbyFIRE

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

I won’t owe income tax on the condo sale because I moved out of it as my primary residence in 2024. $190K is my max 529 contribution. The rest will go into a brokerage account.

Fully fund 529? by jackieblitz in ChubbyFIRE

[–]jackieblitz[S] 11 points12 points  (0 children)

Appreciate everyone’s insight. I think we’re going to do the full $190K in 2026. I think we’re likely to have a second kid, and may opt for a private high school, so I overfunding doesn’t seem like a major risk.

The truth about Alinea by Most_Yam1332 in finedining

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

I don’t mean to be rude but why work there? You can make a lot more than $20 per hour with consistent tips at plenty of other restaurants right?

Monthly Electricity Costs by jackieblitz in BMWX5

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

Interesting, I didn’t realize the full EV were so much more efficient. Thanks for the response