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Re: Should I apply for manager's job or continue as a techie

Based on personal and my network experience, I would suggest to have the hands on developer mentality and experience as long as possible. My observation to your scenario is that since you already hit the ceiling of your dev career at the current company, there is no harm in applying for the positio...
by cherijoh
Sun Apr 26, 2015 9:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I apply for manager's job or continue as a techie?
Replies: 102
Views: 4881

Re: HSA - How do I know if I qualify

I have a health plan provided through my employer. Can someone provide quick guidance on how I would know if this is a HDHP, and if I would therefore qualify for an HSA? Sorry if this has been answered prior, but if so, I have missed it. Thanks Just be aware that some companies offer a health plan ...
by cherijoh
Sun Apr 26, 2015 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA - How do I know if I qualify
Replies: 4
Views: 343

Re: Help me retire in 10 years

The 4% SWR rule (or 25X your spending) is based on historical performance data AND a 30-year retirement. The problem is that the earlier you retire, the longer your nest-egg will need to last. So the amount needed goes up while simultaneously the time to accumulate it goes down. Also, by retiring ea...
by cherijoh
Sat Apr 25, 2015 6:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me retire in 10 years
Replies: 27
Views: 3517

Re: Your experiences of high inflation periods

What I haven't experienced (and what few people still living today have experienced) is living through an inflationary period like the 70s as a retiree, when inflation was high but investment returns, pensions, and annuities were not keeping up. That's a really good point. The responses here have c...
by cherijoh
Sat Apr 25, 2015 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your experiences of high inflation periods
Replies: 58
Views: 2359

Re: Your experiences of high inflation periods

In the last 15 years, which is my entire adult life, I have experienced two major market crashes. I have experienced and been personally affected by high unemployment. I have seen political turmoil, major threats to my country, and lost friends in war. But I have not experienced high inflation. Her...
by cherijoh
Sat Apr 25, 2015 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your experiences of high inflation periods
Replies: 58
Views: 2359

Re: Tough to get a mortgage while retired?

I'm shooting for Southern California too, but the homes are twice the price for half as much compared to where I am now. My after tax mortgage rate is only 2.4% so I've been putting extra money into taxable instead of paying it off. But I'm now thinking about prepaying instead because having more e...
by cherijoh
Sat Apr 25, 2015 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough to get a mortgage while retired?
Replies: 26
Views: 2315

Re: keep advisor or do it myself

The sure tell tale sign that an advisor is trying to handcuff to him is when the number of funds climb. They will make up very good and complicated justifications for all of these funds. That is the nefariousness of many advisors. They overly complicate the portfolio, then buy and sell stuff to mak...
by cherijoh
Sat Apr 25, 2015 1:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: keep advisor or do it myself
Replies: 39
Views: 3148

Re: Quickie to clarify confusion re: 0% long-term capital ga

I had a Vanguard advisor tell me that if my (married filing jointly) ordinary income is in the 15% tax bracket (or less), then ALL long-term capital gains will be at 0%. I told him that my understanding is that capital gains are added to ordinary income. As a result, if total income crosses into th...
by cherijoh
Sat Apr 25, 2015 1:06 pm
 
Forum: Investing - Theory, News & General
Topic: Quickie to clarify confusion re: 0% long-term capital gains
Replies: 27
Views: 1654

Re: Inflation's impact on retirement savings - confused

Retirement, for me, is a very long time from now. As in, 35-37 years. I'm not counting on early retirement. That being said, perhaps it's way too early to start thinking about how much I need to save since I really have no idea of the expenses I'll have at that point. Regardless, I'm having trouble...
by cherijoh
Sat Apr 25, 2015 9:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Inflation's impact on retirement savings - confused
Replies: 19
Views: 1391

Re: I don't think it is uncommon

for people under 30 to have little or no savings for retirement. I am more concerned with the percentage people at 40 who haven't started. When I read these statistics you have to watch how the numbers can be manipulated. If they are looking at a population from birth to 90, that is one set of stat...
by cherijoh
Fri Apr 24, 2015 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: [How do I lead a discussion about saving for retirement?]
Replies: 31
Views: 2608

Re: How should anticipated inheritance affect asset allocati

This inheritance has never affected my savings strategy, partly because I don't really know how to factor it in, and partly because, well, I don't like the idea of planning my retirement strategy around something over which I have so little control. Still, the building exists, someday it will be mi...
by cherijoh
Fri Apr 24, 2015 4:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: How should anticipated inheritance affect asset allocation?
Replies: 17
Views: 1211

Re: Inherited IRA Options

I have been made executor of my sisters estate and am seeking opinions regarding the ira inheritance her son and daughter are entitled to. They were made direct beneficiaries of the traditional ira’s and the value of each ira is about $50,000. The daughter is 22 years old and the son is 25. In addi...
by cherijoh
Fri Apr 24, 2015 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA Options
Replies: 15
Views: 536

Re: Approach to Second Act Career Switch

I would be interested in any advice about how to proceed with a "Second Act" career switch, particularly in terms of choosing a new path. I am about 50 and severely burned out in a government middle-management job. Make good money, have good benefits, but not sure I can tough it out menta...
by cherijoh
Fri Apr 24, 2015 8:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Approach to Second Act Career Switch
Replies: 18
Views: 1465

Re: 401k in-service withdrawals

I'm relatively new to bogleheads, and to investing in general, and am trying to learn as much as I can. I have a few questions about 401k in-service withdrawals. If a 401k plan offers in-service withdrawals for pre-tax, Roth, and after-tax contributions: 1. If I make after-tax 401k contributions wi...
by cherijoh
Thu Apr 23, 2015 5:03 am
 
Forum: Investing - Theory, News & General
Topic: 401k in-service withdrawals
Replies: 5
Views: 544

Re: Tax withholding for lump sums

Hi all, I am doing some post-mortem analysis of my tax situation, and I am looking for a better way to handle tax withholding. There's nothing like writing a 5 figure check to the IRS to provide the motivation. The basic problem I have is that I receive some lump sums as part of my compensation (RS...
by cherijoh
Tue Apr 21, 2015 9:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax withholding for lump sums
Replies: 4
Views: 419

Re: Quick 401(k) Question

I have a 401(k) at an old company. The offerings are good and the expense ratios are really low. But about half the money is saved in a Roth 401(k). I want to roll over just the Roth portion to my Vanguard Roth IRA. However, the company administering the 401(k) says that I must roll over all the fu...
by cherijoh
Mon Apr 20, 2015 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quick 401(k) Question
Replies: 7
Views: 462

Re: One Spouse Outearning the Other?

This topic is particularly relevant to young professional females. For example, I have a female colleague that is doing well financially. Probably earns about $125,000 a year in her very late 20's. Her bf probably makes about $40,000 to $45,000. She has concerns about their future together because ...
by cherijoh
Mon Apr 20, 2015 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: One Spouse Outearning the Other?
Replies: 64
Views: 5247

Re: Does a Backdoor Roth IRA need to be done all at once?

A colleague asked me if he could make several contributions to a Traditional IRA over the next few months and after each contribution convert it the next day to a Roth or if he's only allowed to do one conversion. I believe he's only allowed one conversion per year but I wanted to double check. If ...
by cherijoh
Mon Apr 20, 2015 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Does a Backdoor Roth IRA need to be done all at once?
Replies: 5
Views: 480

Re: Does a Backdoor Roth IRA need to be done all at once?

A colleague asked me if he could make several contributions to a Traditional IRA over the next few months and after each contribution convert it the next day to a Roth or if he's only allowed to do one conversion. I believe he's only allowed one conversion per year but I wanted to double check. If ...
by cherijoh
Mon Apr 20, 2015 7:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Does a Backdoor Roth IRA need to be done all at once?
Replies: 5
Views: 480

Re: Preparing for the Minimum Required Distribution

You can do that, too. Do you know what your marginal tax bracket is NOW and expected to be until age 70ish? Are you certain that you'll be in a higher bracket when you start taking RMDs (I will be, so I know it can happen?) If the answer to #2 is yes, then you should at least do Roth Conversions up...
by cherijoh
Mon Apr 20, 2015 7:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Preparing for the Minimum Required Distribution
Replies: 41
Views: 2882

Re: Payoff Mortgage or Fund Taxable Account

I have a good problem. I recently got a raise at work and am struggling to know what to do with it. Should I overpay on my mortgage or open a taxable account? Personal finance situation: I am 31 years old and a recent Boglehead convert. I am maxing out my 403b w/ employer match as well as my person...
by cherijoh
Sun Apr 19, 2015 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Payoff Mortgage or Fund Taxable Account
Replies: 16
Views: 2081

Re: Bernstein: "If you've won the game, stop playing."

William Bernstein advises retirees and near-retirees to avoid investing in risky assets such as stocks, at least with money needed to provide an adequate income stream. Is anybody acting on this advice and what is your strategy? I am not acting on his advice. I view bonds as just as risky to my ret...
by cherijoh
Sun Apr 19, 2015 9:08 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 14762

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are. BTW - why sign a contract and then (seemingly) plan to not abide by it? That's the wrong question to ask. ...
by cherijoh
Sun Apr 19, 2015 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6075

Re: ROTH 5 year rule

I'm pretty certain I have the correct info, but I want to bounce this off of the BH Folks ~ I opened up a rIRA in Jan. 2012 and funded it from my VCP in March 2012, but did not declare it on my taxes until 2013. From what I understand, it has to be open for 5 years and I have to be age 59½ before t...
by cherijoh
Sun Apr 19, 2015 8:33 am
 
Forum: Investing - Help with Personal Investments
Topic: ROTH 5 year rule
Replies: 21
Views: 2532

Re: Tax loss Harvesting Question

You need to watch out when trying to TLH and simultaneously making new contributions. In addition to figuring out your long-term shares, you need to pay attention to wash sale rules. See this article in the wiki.
by cherijoh
Sun Apr 19, 2015 8:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss Harvesting Question
Replies: 13
Views: 1305

Re: ROTH conversion and RMD

Can the amount converted from a traditional IRA to a ROTH be considered as part of the RMD for a given year? Does each ROTH conversion you do have it's own, new 5-year rule for withdrawal ? No, you must take your RMD first. Then any additional withdrawals above the RMD can be converted. Yes, each R...
by cherijoh
Sun Apr 19, 2015 8:00 am
 
Forum: Investing - Help with Personal Investments
Topic: ROTH conversion and RMD
Replies: 3
Views: 335

Re: Coming to terms with low risk tolerance

The last few months, especially since joining this board, have made me reflect deeply on my financial personality. I'm not so slowly realizing that I have lower, perhaps much lower, risk tolerance than is "ideal" for my demographics. My attitude seems to be common among people of the mill...
by cherijoh
Sun Apr 19, 2015 7:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Coming to terms with low risk tolerance
Replies: 46
Views: 3451

Re: long term capital gain tax vs. roth conversions

I use TurboTax as well now that I have sold my S corp business with taxes beyond my ability. Do you know of any tax calculators that break down the specific taxes on each type of income instead of showing the total tax liability? For instance, the taxes on dividends, STCG, LTCG, IRA distributions, ...
by cherijoh
Sat Apr 18, 2015 6:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: long term capital gain tax vs. roth conversions
Replies: 41
Views: 2345

Re: My job says I can't work for anyone else...

I'm not in the medical field, but I did have a former co-worker (at my former employer) get fired because he was consulting in an area that utilized intellectual property that he had assigned to our employer. I believe he was given an opportunity to cease the consulting work and he refused. We specu...
by cherijoh
Sat Apr 18, 2015 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6075

Re: Mailing tax returns

With 111% of the Bogleheads filing taxes electronically I doubt anyone cares, but here is a bit of information just in case. I mailed my Federal, VA, and MD taxes on Monday, 6 April from Virginia. I used certified mail for about $3.50 per envelope. On the printed receipt I had tracking numbers for ...
by cherijoh
Sat Apr 18, 2015 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mailing tax returns
Replies: 56
Views: 3762

Re: TSP Participant Account Balances

Interestingly, CSRS employees had the highest average Roth TSP account balances. The average FERS Roth TSP account balance was $5,719. The average CSRS Roth TSP account balance was $9,231. The average Uniformed Services Roth TSP Account balance was $3,211. This is particularly odd because it is the...
by cherijoh
Sat Apr 18, 2015 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: TSP Participant Account Balances
Replies: 13
Views: 1662

Re: Can existing employer require new credit report every ye

I have worked for the same company for four years. Employer has never pulled my credit in the hiring process or up to this point but now is asking for permission to do so every year. I have never heard of this before. Is this legal and what are your thoughts? My credit is great, but the principle o...
by cherijoh
Sat Apr 18, 2015 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can existing employer require new credit report every year?
Replies: 37
Views: 3186

Re: Canceling oldest credit card

My oldest credit card (~11y, 2nd oldest is 9y) is changing banks. It's a Chase BP credit card which is going to be switched over to Synchrony Bank (formerly GE capital). I don't use the card regularly but keep it around because its my oldest card though with a small limit of $12k. It hasn't been a ...
by cherijoh
Sat Apr 18, 2015 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Canceling oldest credit card
Replies: 6
Views: 978

Re: Bernstein: "If you've won the game, stop playing."

William Bernstein advises retirees and near-retirees to avoid investing in risky assets such as stocks, at least with money needed to provide an adequate income stream. Is anybody acting on this advice and what is your strategy? In other words, once the game has been won by accumulating enough safe...
by cherijoh
Sat Apr 18, 2015 10:17 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 14762

Re: Can we afford [a masters degree]?

She should at least consider Johns Hopkins' certificate program in Data Science through Coursera. Would only cost her $470. https://www.coursera.org/specialization/jhudatascience/1 + 1 Only thing missing may be the real person to person interaction in class / projects. I did a distance learning MS ...
by cherijoh
Sat Apr 18, 2015 8:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford [a masters degree]?
Replies: 38
Views: 2689

Re: Gifts to take to Scotland.

Thank you for all your input. I guess my main concern is the weight of all the gifts we think we would like to give to the all the families. We live in SF and I'm not sure how sourdough bread would hold up. I remember my folks going to China about 25 years ago to visit their old village and brought...
by cherijoh
Sun Apr 12, 2015 7:57 pm
 
Forum: Personal Consumer Issues
Topic: Gifts to take to Scotland.
Replies: 33
Views: 2139

Re: TurboTax Flagship Pricing for Tax Year 2014?

From Vanguard site: *Flagship Desktop download Premier is free for the 2014 tax year only. TurboTax Premier Desktop Download $^^.^^ Free, including state filing* --- As a Flagship client at Vanguard, I was able to download Turbo Tax Premier for free, which supposedly includes "state filing&quo...
by cherijoh
Sun Apr 12, 2015 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax Flagship Pricing for Tax Year 2014?
Replies: 4
Views: 462

Re: Wall Street Fees Wipe Out $2.5 Billion in NYC Pensions

Louis, I will give you credit. Before the two threads were merged, I read your comments on the other thread. Your post certainly influenced my comments. I wouldn't be unhappy with 0.2% management fees and a performance that beat the market by a tad. I would say that the New York Pension Funds have ...
by cherijoh
Sun Apr 12, 2015 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: Wall Street Fees Wipe Out $2.5 Billion in NYC Pensions
Replies: 17
Views: 2581

Re: Would you refinance to save 0.25%?

Too close to call. Questions / comments: - 4.00% is way too much in this environment, - is this really a zero cost refinance? - would the house appraise? - I would not worry about resetting the clock that much on only 1 year. - to calculate actual savings, use a mortgage calculator to price a 29-ye...
by cherijoh
Sun Apr 12, 2015 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Would you refinance to save 0.25%?
Replies: 23
Views: 1973

Re: The $1 Million Goal: Source of Motivation or Discouragem

4% = 30 years 3.5% = 40 years 3% = 50 years 2.5% = 60 years So in my spreadsheet a 30 year old would have a 2.5% drawdown, which is 40x, so that seems right. The reason I like doing it like this is because it ties my spending and age to what I need for retirement. Thus the amount I need for retirem...
by cherijoh
Sun Apr 12, 2015 9:29 am
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15874

Re: Jane Bryant Quinn: Prepay your mortgage

That raises a question for me, something I don't understand about HELOCs. What would happen in the event of some kind of financial catastrophe, the kind that would necessitate you having the need to draw on the HELOC? Is the lender compelled to offer it to no matter what? Are there circumstances wh...
by cherijoh
Sun Apr 12, 2015 8:46 am
 
Forum: Investing - Theory, News & General
Topic: Jane Bryant Quinn: Prepay your mortgage
Replies: 31
Views: 3689

Re: Engineering as a career for a graduating HS student ?

Yet I hear frequently that only certain fields such as software, electrical, petroleum are highly marketable skills, less so mechanical. I have met many former engineers selling furniture, working in a toy store etc, who decided they could not relocate all over the world chasing the next job. Unsta...
by cherijoh
Sat Apr 11, 2015 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engineering as a career for a graduating HS student ?
Replies: 60
Views: 4360

Re: 401k to IRA ans Back-Door Roth

You should also have the option of leaving it where it is - although this usually isn't the best option. Unless she has access to a mega-backdoor Roth, it probably won't make a huge difference in your outcome. In my opinion, you should consider your entire portfolio - what % in Traditional/Roth/Afte...
by cherijoh
Sat Apr 11, 2015 10:09 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k to IRA ans Back-Door Roth
Replies: 7
Views: 354

Re: When to Retire?

Looks like you can live off of dividends and interest payments without touching principle. Since you have to wait till 59.5 to withdraw from tax advantaged accounts, you might want to work till then at least. Have you saved for college? OP does not need to wait until 59.5 if he uses one of two exce...
by cherijoh
Sat Apr 11, 2015 7:36 am
 
Forum: Personal Finance (Not Investing)
Topic: When to Retire?
Replies: 35
Views: 3255

Re: How smart are thermostats?

I don't have a heat pump, but do have an older programmable thermostat that is "adaptive". (It is not WiFi-enabled). I can set 4 periods (wake, leave, return, and sleep) where I define the time and the desired temperature. It has 7 days of the week, so the schedule could be different for e...
by cherijoh
Thu Apr 09, 2015 7:51 pm
 
Forum: Personal Consumer Issues
Topic: How smart are thermostats?
Replies: 43
Views: 3033

Re: Am I part of the problem??

Everyone defines the value of a service differently. Some of those clients may know there are cheaper alternatives, but are willing to pay for "hand-holding". In my opinion, people need to do due diligence and ask questions about how much a service or a product will cost them. I'm constant...
by cherijoh
Thu Apr 09, 2015 7:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8727

Re: Am I part of the problem??

I think that's for you decide and nobody elses business. I find it strange that you'd ask such a question. I think the fact it bothers you speaks to your character. I'd listen to that voice and just start quietly exploring other ways you might use your expertise more in line with your beliefs. Rick...
by cherijoh
Thu Apr 09, 2015 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8727

Re: Do you think Ric Edelman is correct, never pay dow mortg

Theory is one thing, practical reality is another. I know several retires with 10-15 years left on their mortgage and struggling or people who would like to retire who can't afford the mortgage except by working. I don't know a single person who paid off their mortgage who has those problems. I rea...
by cherijoh
Sun Apr 05, 2015 8:37 am
 
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 209
Views: 16494

Re: Retiring Before Age 66

Hadn't thought of that. Our tax rate is high presently so didn't occur to me. Also, I didn't mention our draw down for the first 3 yrs (until age 66) would be around 5.25 maybe 5% which makes me somewhat nervous using current portfolio values. Is the 5% withdrawal rate based on the combined balance...
by cherijoh
Sat Apr 04, 2015 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiring Before Age 66
Replies: 21
Views: 4001

Re: Retirement Statement Wording Question

Why not call whoever sent out the statement? I would make it sound like a curiosity question, not like she's about to hand in her resignation, however. It's totally reasonable to want to understand the plan well before retirement comes into the picture. She may also want to check and see if she has...
by cherijoh
Sat Apr 04, 2015 8:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Statement Wording Question
Replies: 6
Views: 506
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