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Re: DIY Index Fund

Why would anyone want to do this? The last 15 years the Vanguard Total Stock Market Index Admiral share class has lagged the Wilshire 5000 by 0.02% per year. They have even outperformed it in the 10 and 5 year periods. It seems worth the small expense ratio to me. To save on the expense fee of cour...
by cherijoh
Mon Sep 01, 2014 6:00 pm
 
Forum: Investing - Theory, News & General
Topic: DIY Index Fund
Replies: 13
Views: 711

Re: Shorten Mortgage or 401K or something else

1. Annual Income of $130K. Will get a pay raise of $10K effective September 2014, making our annual income $140K. use the raise to increase the percentage you contribute to 401k 3. Will get a bonus of $11000 ( before taxes ) in November 2014 ( know it based on the goals achieved since the company's...
by cherijoh
Mon Sep 01, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Shorten Mortgage or 401K or something else
Replies: 13
Views: 670

Re: [Symantec anti-virus] Norton Auto Renewal

Thanks for posting. I also have had similar problems with Norton. It appears that automatic renewals is the default setting when installing. I suspect that I have paid for a renewal for a computer that is long gone. If you go to your Norton account there is a place to turn off automatic renewal. I ...
by cherijoh
Mon Sep 01, 2014 2:08 pm
 
Forum: Personal Consumer Issues
Topic: [Symantec anti-virus] Norton Auto Renewal
Replies: 6
Views: 385

[Symantec anti-virus] Norton Auto Renewal

Just a warning to anyone who went online to purchase/upgrade their virus protection from Symantec last year. I was reviewing my current credit card bill this evening and noticed a charge for $85.79 labeled as being from Norton. I had a Norton product on a laptop that crashed last fall; my new one ca...
by cherijoh
Sun Aug 31, 2014 7:40 pm
 
Forum: Personal Consumer Issues
Topic: [Symantec anti-virus] Norton Auto Renewal
Replies: 6
Views: 385

Re: IRS letter claiming return is late - anyone experience t

I once did a certified letter plus a return receipt to IRS and state department of revenue once when I was close to filing deadline. I checked online and the one to the IRS showed that it had been received; the one to the state DOR continue to list that it had been mailed from my post office, but no...
by cherijoh
Sun Aug 31, 2014 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 48
Views: 6082

Re: Poor Janus, a look at this once high flying fund family

John Rekenthaler, vice president of research for Morningstar, recently provided further evidence (registration required) of this growing trend toward passive management. He tallied the net sales for all passive mutual funds, exchange-traded funds and active mutual funds during the 12-month period e...
by cherijoh
Sat Aug 30, 2014 9:56 am
 
Forum: Investing - Theory, News & General
Topic: Poor Janus, a look at this once high flying fund family
Replies: 59
Views: 5539

Re: Anyone used Vanguard Flagship Services With Portfolio $1

Access to closed funds is of no value to me. You do have a single rep assigned to your account, although mine has changed 4 times. I've had the same one since I qualified (at least 8 years ago). I agree that the single point of contact is the most valuable benefit. Although if I were married with a...
by cherijoh
Sat Aug 30, 2014 8:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Anyone used Vanguard Flagship Services With Portfolio $1M+
Replies: 41
Views: 4218

Re: Does your employer still offer pensions to new hires?

No. I would be surprised to find many non-government jobs that still offer DB pension plans to new employees. If you find any, they are likely to be in companies that have unionized blue-collar employees. I worked for Megacorp #1 until 2004 and had a DB pension. Around 2000 they switched new employe...
by cherijoh
Sat Aug 30, 2014 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Does your employer still offer pensions to new hires?
Replies: 53
Views: 3299

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

65/45 doesn't add up, correct. $1M is good for your age, but I'd stay the course. Rental real estate isn't all that passive. Stuff breaks constantly and needs repair/replacement quickly. How would you plan on doing this? Take a broken water heater to start with... + 1 You don't want to get involved...
by cherijoh
Sat Aug 30, 2014 7:41 am
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 40
Views: 5274

Re: Does it make any sense to switch from VFIAX to VTSAX?

So, I invested in VFINX before I knew about the Total Stock Market Index... I have about $75k in a taxable account... I've made up the difference with $15,000 in Extended Market. What's the ideal allocation if I wanted to mimic Total Stock Market? Is it 50 VFINX/50 VEXAX? or 75 VFINX/25% VEXAX? Tha...
by cherijoh
Sat Aug 30, 2014 7:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Does it make any sense to switch from VFIAX to VTSAX?
Replies: 20
Views: 2570

Re: Poll: How many own zero/few stocks?

The third is an ESPP (employee stock purchase) that I have confidence in, as I'm an indexer but still believe in this stock. I plan to sell the ESPP stock when the portfolio value reaches a target point/value (approximately every 4 to 6 years). With that money I will divide it into fourths and appl...
by cherijoh
Sat Aug 30, 2014 7:30 am
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2670

Re: Do you mix inheritance and earned money?

Just wondering how others organize their assets... I inherited/was gifted money from family and I tend to keep the money in separate accounts so I that I can monitor my own earnings and investments independently. This makes things a bit more complicated to manage asset allocation and doesn't follow...
by cherijoh
Fri Aug 29, 2014 6:34 pm
 
Forum: Personal Consumer Issues
Topic: Do you mix inheritance and earned money?
Replies: 25
Views: 2127

Re: Debating whether to keep current vehicle or purchase ano

Whether or not you decide to hold onto your car, you should do some research into your next potential car - so you will be prepared to act quickly. At your age you may not be able to buy the next car for cash, so you could start saving money monthly to have money to put down on the car and to see ho...
by cherijoh
Fri Aug 29, 2014 8:03 am
 
Forum: Personal Consumer Issues
Topic: Debating whether to keep current vehicle or purchase another
Replies: 39
Views: 1865

Re: SS Benefits

Be careful, if you make too much in the eye of the beholder, your benefits will be reduced: http://www.ssa.gov/pubs/EN-05-10069.pdf How much can you earn and still get benefits? If you were born January 2, 1943, through January 1, 1955, then your full retirement age for retirement insurance benefit...
by cherijoh
Fri Aug 29, 2014 7:41 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefits
Replies: 6
Views: 821

Re: Father died. How to handle his company stock?

You don't need any records. There is a basis step-up on death. Sell the stock immediately. Wait what? I thought a spouse's stepped up basis was only half (since they don't get stepped up on their portion). Am I misunderstanding??? You are correct IF the assets were held JOINTLY. This may or may not...
by cherijoh
Fri Aug 29, 2014 7:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Father died. How to handle his company stock?
Replies: 27
Views: 2079

Re: Are assets split in kind or liquidated on death?

I'm sorry to hear about your mother. Alzheimer's is a brutal disease. I agree with Celia. Are you and your sibling the beneficiaries of the trust? You can find out what the other beneficiary wants to do - transfer in kind or liquidate. My mom had a similar trust and my sibling and I were co-trustees...
by cherijoh
Fri Aug 29, 2014 7:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Are assets split in kind or liquidated on death?
Replies: 12
Views: 607

Re: Only need $315k non-retirement $ to retire at Age 43?

Can someone help me out and explain why the SS payout at age 62 would be as high as $15k annually if OP quits working at age 43? Probably because the OP didn't read the fine print on his/her SS projection that said it was based on continuing to earn wages at the same salary (as last reported to SS ...
by cherijoh
Thu Aug 28, 2014 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Only need $315k non-retirement $ to retire at Age 43?
Replies: 36
Views: 5178

Re: Mortgages and financial freedom

Not having a mortgage reduces your required monthly payments. That's the best argument I've heard. Would you rather have a large pile of cash and large required payments, or a smaller pile of cash with significantly reduced (but not eliminated) payments? For reference, I'm not pre-paying my mortgag...
by cherijoh
Thu Aug 28, 2014 7:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6679

Re: Fee-Only Advisor Cost?

Annuities take the age and gender into account in determining the monthly benefit, so I doubt you will able to get around the adjustment for having a younger wife. You can answer the question yourself by running some numbers at http://www.immediateannuity.com . I don't think pensions generally take ...
by cherijoh
Thu Aug 28, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fee-Only Advisor Cost?
Replies: 26
Views: 1469

Re: My husband's " WILL", $ left for me to live on....

What this sounds like is a case where the husband is concerned about his 4 adult children. He sounds like he's anticipating that if he leaves everything to his wife, upon her passing she will leave everything to child #5, and children #1-4 will end up with nothing. Have you been completely open wit...
by cherijoh
Thu Aug 28, 2014 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16874

Re: To take pension early or not, that is the question...

Bogleheads, my pension is comprised of both a qualified and non-qualified benefit component. I am presently in planning mode and could use some assistance on whether or not it makes financial sense to begin taking the qualified portion of my pension next year at age 55 or instead deferring it. The ...
by cherijoh
Wed Aug 27, 2014 9:36 am
 
Forum: Investing - Help with Personal Investments
Topic: To take pension early or not, that is the question...
Replies: 7
Views: 599

Re: When to leave a neighborhood for greener pastures?

...Similar situation 15years ago. Once a neighborhood starts its decline, it just never gets better - only worse. I bought a nicer house in an area that is appreciating rather than declining. The old neighborhood is looking fairly rough these days, as many of the houses are now rentals. I don't agr...
by cherijoh
Tue Aug 26, 2014 10:01 pm
 
Forum: Personal Consumer Issues
Topic: When to leave a neighborhood for greener pastures?
Replies: 46
Views: 4830

Re: Mortgages and financial freedom

Personally, I agree with you. I did pay down my mortgage ahead of schedule to be debt-free at my projected early retirement date. (Full disclosure: I'm still working and paid off my mortgage as of Dec 2012). I can't say that no longer having the mortgage makes me feel any more secure. On the other h...
by cherijoh
Mon Aug 25, 2014 5:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6679

Re: New funds available...AA check?

Why not keep the Spartan S&P 500 fund and just add some mid-cap and small cap to get your domestic exposure? I wouldn't worry that much about international bond fund.
by cherijoh
Sun Aug 24, 2014 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: New funds available...AA check?
Replies: 7
Views: 575

Re: Need some Boglehead advice ...

Hi, Should one hold both the S&P 500 and Total Stock Market Index? It makes no sense to hold both funds in separate accounts because of the overlap. If you are stuck with just the S&P index in 401k plan, then add some extended market index to fill it out: 80% S&P 500 + 20% extended mark...
by cherijoh
Sun Aug 24, 2014 2:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need some Boglehead advice ...
Replies: 14
Views: 1344

Re: Is it me, or are "collectibles" worthless in 2014?

If it isn't sellable, he could see if a there are any local aviation museums to which he could donate the items. He might get a tax deduction and his stuff could find a new home.
by cherijoh
Sun Aug 24, 2014 1:46 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6012

Re: fee based cfp

Try checking http://www.napfa.org/ for a fee only financial planner in your area.
by cherijoh
Sun Aug 24, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: fee based cfp
Replies: 1
Views: 344

Re: 87 Year Old Grandmother Has $600,000 In the Bank

As mentioned above the grandmother has dementia and isn't in position to ask for advice. The mother is herself in, sort of, early stages of failing health and recognizes this which is why she asked us to take an interest. We are not her only resource and I am not the only input, they just know I ha...
by cherijoh
Sun Aug 24, 2014 10:31 am
 
Forum: Investing - Help with Personal Investments
Topic: 87 Year Old Grandmother Has $600,000 In the Bank
Replies: 42
Views: 5476

Re: Reaching some milestones, need help making a decision

Personally, I would favor the hybrid approach. You are unlikely to find a better option from a cost perspective than the TSP. Also, contributions have a shelf life - if you don't make then in the current year, you lose this space forever. You are assuming that you will keep the same government job y...
by cherijoh
Sun Aug 24, 2014 10:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Reaching some milestones, need help making a decision
Replies: 7
Views: 1197

Re: Old Employer 401K to Vanguard Traditional IRA

If you're phased out of Roth contributions then conversion is iffy but then it would interfere with backdoor Roth in TIRA but we haven't heard whether she has a new employer with a plan that might allow rollover in. Did you mean "rollover" instead of "conversion"? If OP does a r...
by cherijoh
Sun Aug 24, 2014 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Old Employer 401K to Vanguard Traditional IRA
Replies: 11
Views: 974

Re: Tracking Down Pension Info.

Hi everyone, I would appreciate any guidance available on the following situation. I'm assisting my father with his finances. He informed me that he used to work at a job from the mid-1970s to 1980. He asked me to track down whether there is any pension information available for that former employe...
by cherijoh
Fri Aug 22, 2014 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tracking Down Pension Info.
Replies: 31
Views: 2306

Re: Tipping tradespeople

We keep nice cold Gatorade, bottled iced tea or lemonade, or just ice cold water, for any workpeople, especially when the weather is hot (or if they look tired, hot, stressed), and hand it out, insist that they ask if they want more (we assume, however, that they won't ask, so we keep offering for ...
by cherijoh
Fri Aug 22, 2014 8:27 am
 
Forum: Personal Consumer Issues
Topic: Tipping tradespeople [rain gutter installers]
Replies: 27
Views: 2335

Re: Move all bonds to Roth IRA?

A couple questions I had about tIRA vs Roth: 1. I seem to remember Roths being a bit more flexible in terms of withdrawals. I could be mistaken, but isn't there a rule about once money has been there a minimum of 5 years it can be withdrawn penalty free, whereas that is not the case with tIRA? I se...
by cherijoh
Wed Aug 20, 2014 7:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Move all bonds to Roth IRA?
Replies: 13
Views: 1565

Re: Tract Home - Things to Watch During Construction

I had a new construction tract home and was able to make some minor modifications to the plan. I visited the builders office and took distances off the detailed floor plan so that I was able to figure out how I would arrange my furniture and then added extra outlets, phone jacks and cable in the app...
by cherijoh
Wed Aug 20, 2014 6:55 am
 
Forum: Personal Consumer Issues
Topic: Tract Home - Things to Watch During Construction
Replies: 56
Views: 3165

Re: So am I a terrible father? [inheritance question]

I'm 62, just retired, with a low-seven figure TIRA, considering converting about $30,000/year for the next 8 years (15% marginal tax bracket) before I start taking SS and pension at 70, and before RMD starts at 70 1/2. My question: we would be leaving bulk of the TIRA to daughter, who is in a low-p...
by cherijoh
Tue Aug 19, 2014 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: So am I a terrible father? [inheritance question]
Replies: 31
Views: 4456

Re: Savings Percentage [rules of thumb]

Instead of trying to compare yourself to others with respect to savings rate, I would suggest using year-over-year (YoY) increase in your own personal savings rate as a metric. I have always tried to: 1) maintain an adequate emergency fund and set up separate accounts to fund large irregular expense...
by cherijoh
Mon Aug 18, 2014 9:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage [rules of thumb]
Replies: 49
Views: 5358

Re: Advice to move from Wells Fargo advisor

My mind is reeling with doubts about how I have handled the relationship with my "advisor". I feel like I am considering a break up with a girlfriend. I am upset with myself for not looking into what terminating the relationship will cost.. from reading, it looks like: a) he will say anyt...
by cherijoh
Mon Aug 18, 2014 9:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice to move from Wells Fargo advisor
Replies: 25
Views: 2145

Re: Rebalance + stay the course ... or dial it down on stock

Emergency fund: Four months of expenses in MMF (although could also access non-IRA investing account w/current value of about 14 months of expenses) Debt: Home mortgage only; 15-year at 4.25 with 11 years to go Tax Filing Status: Married Filing Jointly Tax Rate: 25% Federal, no state tax (Texas) Ag...
by cherijoh
Mon Aug 18, 2014 7:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalance + stay the course ... or dial it down on stocks
Replies: 10
Views: 1910

Re: Online property tax payment lost

Do you happen to use Bank of America? I ask this because they do have that odd default policy of debiting the check amount right away (and refunding it about 90 days later if not cashed, or something like that). --> There is a non-default way one can request so the check amount is debited only AFTE...
by cherijoh
Mon Aug 18, 2014 6:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Online property tax payment lost
Replies: 23
Views: 1398

Re: When Can I Retire?

Is this all in a taxable accounts or is some of it tax-advantaged? That does make a difference.

With that much money sitting in a money market, pay off your mortgage and car loan. Why did you take out a car loan in the first place?
by cherijoh
Sun Aug 17, 2014 11:38 am
 
Forum: Investing - Help with Personal Investments
Topic: When Can I Retire?
Replies: 5
Views: 837

Re: Receiving Spam Emails Since Joining

I just got messages from friends which did not seem to send it to me. One Email had my Email account as sender. I ran Webroot and Malwarebytes right after and Webroot found two new threats which got removed. It is important to always be careful and suspicious. I no longer click to any videos and li...
by cherijoh
Sun Aug 17, 2014 11:33 am
 
Forum: Forum Issues and Administration
Topic: Receiving Spam Emails Since Joining
Replies: 14
Views: 1168

Re: Windfall and fiduciary recommendations

This has been enlightening I have read through some old posts form high net worth folks and it seems the only thing I may want to do is consider VWIUX as a replacement for VBTLX in my taxable account, maybe VAIPX... and call it a day. The more I read the more my gut tells me they just want their fe...
by cherijoh
Sun Aug 17, 2014 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Windfall and fiduciary recommendations
Replies: 18
Views: 1489

Re: Mortgage or pay cash

I am posting on behalf of my son and his wife... They are mid-30's, currently without offspring, and looking to purchase a first house. They are both tenure track professors and thus guaranteed employment at least the next three or four years, likely longer. Their lifestyle is modest. Combined inco...
by cherijoh
Sun Aug 17, 2014 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage or pay cash
Replies: 9
Views: 1162

Re: Help a late starter (38) newbie

As way of background, I have no consumer debt and have an emergency fund set up. I contribute the max in the retirement plan with my employer. As I am not a U.S. citizen, I am not eligible to participate in Roth IRA. While I have no saved up cash with which to begin investing, I can put about $1,00...
by cherijoh
Sun Aug 17, 2014 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Help a late starter (38) newbie
Replies: 5
Views: 755

Re: Getting Married, traveling abroad

PS Scotland is not a country. Actually I believe it is a country - just not an independent one. From Wikipedia (I added the bold and color): The relationships among the countries of the United Kingdom have changed many times. The Principality of Wales was incorporated into the Kingdom of England in...
by cherijoh
Sat Aug 16, 2014 10:49 am
 
Forum: Personal Consumer Issues
Topic: Getting Married, traveling abroad
Replies: 25
Views: 1367

Re: Monthly Contributions - Asset Allocation

After getting some good advice here, we're finally ready to have an asset allocation plan. I was doing something before, but it wasn't thought out. Going to break up the Target Retirement 2045, which will allow us to convert to Admiral shares of TSM. Looking to have the AA of Rick Ferri's Core Four...
by cherijoh
Sat Aug 16, 2014 10:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Monthly Contributions - Asset Allocation
Replies: 10
Views: 693

Re: Getting Married, traveling abroad

[...]If you stay at one of the big American hotel chains you will miss a lot of the reason that you went to Europe.[...] Could you please elaborate on this? How would staying in an American hotel chain defeat the purpose of touring? Also, are these American hotels more expensive or less expensive t...
by cherijoh
Sat Aug 16, 2014 8:35 am
 
Forum: Personal Consumer Issues
Topic: Getting Married, traveling abroad
Replies: 25
Views: 1367

Re: Should I Invest in both T-IRA & R-IRA?

I am 37 years old and max-out my Roth TSP each year and we also work hard to max our VG 2040 Roth IRAs. So given I have no clue what my tax bracket will be in retirement, is it worth it to be invested in both T-IRA and R-IRA? Maybe like a 50/50 split? I am currently in 25% fed bracket, but would pr...
by cherijoh
Fri Aug 15, 2014 8:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1294

Re: Need Advice RE Investment Advisor...or not

Should I: (1.) Give these retirement assets to an Investment Advisor, such as Evanson Asset Management or Portfolio Solutions (the two I have been considering), and just let them develop the best recommended allocations (taking advantage of DFA funds, etc.) and perform the rebalancing function for ...
by cherijoh
Fri Aug 15, 2014 6:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Advice RE Investment Advisor...or not
Replies: 10
Views: 752

Re: Vanguard: "Social Security: How to decide when it's time

Another strong reason to maximize your Social Security income is simply because SS is taxed much more favorably than other income like pensions or IRA withdrawals. For example, single filing twins with the same gross income of $65k. Twin "A" took SS early in order to grow his IRA, so at a...
by cherijoh
Wed Aug 13, 2014 8:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5877
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