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Re: Question on Relocation Package (from Employer's perspect

One of the companies that I am in talks with for a career move has a relocation package, and earlier this week HR just went through some of the details. It was more of "generic" details, but if my understanding is correct the company will pay for 10% of the cost of selling a home, and 5% ...
by cherijoh
Sun Mar 01, 2015 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Question on Relocation Package (from Employer's perspective)
Replies: 6
Views: 444

Re: Estate planning - fate of retirement accts - confused!!!

i certainly hope I will live long enough to enjoy my retirement monies, but any of us could get hit by the proverbial bus any day.... So I am finally triying to sort out numerous estate planning issues... And I am especially confused about my retirement accounts. On the one hand, I spoke with an es...
by cherijoh
Sat Feb 28, 2015 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Estate planning - fate of retirement accts - confused!!!
Replies: 5
Views: 522

Re: Do you consider mortgage payments as savings?

Home Equity is an asset. Savings are also an asset. But your mortgage payment - even extra principal payments - is not savings.

I like this definition for "save" from dictionary.com:
to lay up money as the result of economy or thrift
by cherijoh
Sat Feb 28, 2015 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 132
Views: 5158

Re: How to hedge a 5/5 ARM?

If I pay the same payment I'm currently making to maturity it'll end up being an insurance policy that costs me about $400 in interest. Are you sure about that? I don't see how you can calculate a number when you don't know what the interest rate will be when it resets. :? FYI- when your new mortga...
by cherijoh
Fri Feb 27, 2015 5:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to hedge a 5/5 ARM?
Replies: 20
Views: 1209

Re: How to hedge a 5/5 ARM?

@Op Not bad. Your mistake was the original choice in a 15 rather than a 30. I assume you discovered that the premium to fix an interest rate is fairly high for the term of ownership. DS, too, figured that a variable (7 with 2%cap after the 7th year and 5% cap total), is a better deal vs a fixed. Si...
by cherijoh
Fri Feb 27, 2015 4:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to hedge a 5/5 ARM?
Replies: 20
Views: 1209

Re: How to hedge a 5/5 ARM?

Here's my situation: I'm currently in the process of refinancing my primary residence from a 15-year fixed loan I'm 3 years into at 3.125% to a Penfed 5/5 ARM I locked at 2.5% with costs and 0.375% in points, break even is at 47 months with no extra payments. I applied thinking it's cheap insurance...
by cherijoh
Fri Feb 27, 2015 8:50 am
 
Forum: Investing - Help with Personal Investments
Topic: How to hedge a 5/5 ARM?
Replies: 20
Views: 1209

Re: Immediate Pension Benefit Offering

There have been a lot of prior threads on pension buyout offers; last year there seemed to be one every few weeks! There was a lot of lively discussion, but I think most people would agree that: 1) a pension almost always offers a better payout than would be available by converting a lump sum into a...
by cherijoh
Thu Feb 26, 2015 6:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Immediate Pension Benefit Offering
Replies: 8
Views: 1034

Re: How to compute my retirement amount, and am I saving eno

I just ran that same simulation with your numbers, including SS, and you're fine. I do use a 7% rate of return though, as a midpoint between the 6 and 8 percent average return rates quoted. You're well on track to save 1x your income by 30. FWIW, I'm also 28 and don't think you're behind at all. Co...
by cherijoh
Tue Feb 24, 2015 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to compute my retirement amount, and am I saving enough?
Replies: 66
Views: 3111

Re: Need Desk chair for my office work

Ergonomic chairs seem to be designed for some species of which I am not a member. The most common failing is the seat is very short, so if you have long legs, it hits at the middle of the back of the thigh. I think some of these are designed for petite secretaries of the female persuasion. One nice...
by cherijoh
Tue Feb 24, 2015 4:11 pm
 
Forum: Personal Consumer Issues
Topic: Need Desk chair for my office work
Replies: 28
Views: 1357

Re: How much did you have saved up for retirement at age 30?

In current dollars, I had the equivalent of just under 6 figures in my Savings Investment Plan (basically a 401-k but it predates the name 401-k). I also contributed to an IRA, but I don't have the foggiest notion where I had it at the time, so there is no easy way to check the balance. FYI - my ret...
by cherijoh
Tue Feb 24, 2015 7:50 am
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 168
Views: 11117

Re: Within sight of retirement, need to make changes

Thanks for your help Duckie. This process is really helping me to understand what I have before I make any changes. - I will check out the Fidelity funds you mentioned (and the corresponding Vanguard funds for me). - My question about rolling my old 401(K) and IRAs into my current 401(K) is because...
by cherijoh
Mon Feb 23, 2015 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Within sight of retirement, need to make changes
Replies: 8
Views: 1499

Re: Car Accident Question

I don't think there was a police report. Is there a way to check? Just ask the police department in the local where the accident happened. If there was a police report, you will probably soon know about it by the number of mail pieces coming from law firms that handle car accident claims. A few yea...
by cherijoh
Sun Feb 22, 2015 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Accident Question
Replies: 27
Views: 1445

Re: Should older workers omit graduation dates on resume?

The idea mentioned of omitting an earlier bachelor's degree altogether, if you have more than one, and it's not otherwise relevant, seems like a realistic and ethical way to disguise your age at least for the difference in those dates. But having no dates on your education, while ethical, doesn't s...
by cherijoh
Sun Feb 22, 2015 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should older workers omit graduation dates on resume?
Replies: 34
Views: 3155

Re: Tenants won't let us show the rental: what do we do?

Thank you for the replies. Management met with the tenants and seems they are unlikely to cooperate. We did not have the lawyer write a letter; we decided it is less of a headache to wait until the end of the lease to put the home back on the market. As a landlord with multiple SFRs and I agree tha...
by cherijoh
Sat Feb 21, 2015 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Tenants won't let us show the rental: what do we do?
Replies: 60
Views: 6943

Re: Windfall for my mom. Please help

Should be no taxes or fees. Just collect and enjoy. Gill This is not quite true. The value of the CD includes some interest that has accrued since the neighbor's death. The accrued interest from the date of death until your mother claims the CD is taxable income to your mother, and your mother will...
by cherijoh
Fri Feb 20, 2015 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Windfall for my mom. Please help
Replies: 16
Views: 1779

Re: Choosing a Backpack for el Camino

This rain shell is a bit heavy (9.6 oz) but what my spouse wears and she likes it http://www.mountainhardwear.com/womens-plasmic-jacket-OL5356.html?dwvar_OL5356_variationColor=053#start=5 Thank you for the recommendation. This shell is lighter than the ones I am considering. The reason is that it's...
by cherijoh
Fri Feb 20, 2015 7:52 am
 
Forum: Personal Consumer Issues
Topic: Choosing a Backpack and other Gear for el Camino
Replies: 71
Views: 4788

Re: Car Battery in Unusual Cold

If you feel you need to go out and run the car when you really want to be warm inside, wouldn't it be worthwhile to just buy a new battery? Yes, I plan to. Problem is - I am not in a big urban area like the others where you can just run down to Sears, Walmart, Pep Boys, whatever and get your new ba...
by cherijoh
Thu Feb 19, 2015 8:13 pm
 
Forum: Personal Consumer Issues
Topic: Car Battery in Unusual Cold
Replies: 87
Views: 3700

Re: Should I amend last year's 2013 tax return?

If you took too much depreciation, then you owe taxes (and therefore penalties) for last year, correct? I would get this corrected ASAP.
by cherijoh
Thu Feb 19, 2015 8:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I amend last year's 2013 tax return?
Replies: 5
Views: 653

Re: Do you include an inflation estimate in your portfolio?

Just finished reading The Only Guide to a Winning Investment Strategy, by Swedroe. He states under maintaining your purchasing power that the erosion of purchasing power is a very important concern because it affects an investor's ability to maintain his/her lifestyle. That an investor should build...
by cherijoh
Thu Feb 19, 2015 8:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you include an inflation estimate in your portfolio?
Replies: 17
Views: 1331

Re: Dealing with problematic tenants.

Seriously? Your number one concern as a landlord is payment of the rent. You have that, why would you even consider having the paying tenants leave, especially since you don't have a replacement waiting in the wings? You have a fully depreciated investment property - if you sold it tomorrow, the se...
by cherijoh
Sun Feb 15, 2015 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Dealing with problematic tenants.
Replies: 56
Views: 3350

Re: IRA withdrawal stage

I am at the withdrawal stage - holding off on SS. My sleep factor is keeping 3 to 5 years in cash (MM) or short bonds. Most of portfolio is in IRA acct. Keeping my withdrawal fund funded - should I take dividends from bond funds rather than reinvest? Should I take some of the equity increases for t...
by cherijoh
Sun Feb 15, 2015 10:31 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA withdrawal stage
Replies: 3
Views: 298

Re: 401k fees. should wife max out 401k?

My wife works at a small firm and her benefits are pretty good especially health care. However on her 401k which she maxes each year and her employer does a 6% match she is paying fees of around $400 / quarter. The fees are labelled "general admin charges" They work out at around .25% of ...
by cherijoh
Sun Feb 15, 2015 9:51 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k fees. should wife max out 401k?
Replies: 21
Views: 1117

Re: Food of the Fifties

Still wandering around, I came across ambrosia. I haven't seen that in years. That led me to a Pinterest page on marshmallow salads: https://www.pinterest.com/explore/marshmallow-fruit-salads/ https://thegourmandmom.files.wordpress.com/2011/07/img_6449.jpg?w=210&h=300 Still my heart! Love maras...
by cherijoh
Sun Feb 15, 2015 9:21 am
 
Forum: Personal Consumer Issues
Topic: Food of the Fifties
Replies: 216
Views: 11195

Re: Food of the Fifties

Somebody asked about goulash, and I went looking for my Mom's recipe without finding it. But I ran across several recipes from magazines where spaghetti was used as a crust and then stuff put on top of it. One was some sort of "pizza." On the other hand there was Sour Cream Noodle Bake th...
by cherijoh
Sun Feb 15, 2015 9:12 am
 
Forum: Personal Consumer Issues
Topic: Food of the Fifties
Replies: 216
Views: 11195

Re: Food of the Fifties

MP173 wrote:Biscuits and gravy were a breakfast staple as was cornbread and gravy (when dad made breakfast) . Mom also made what she called "mush" for breakfast which she cut into small pieces and fried. It was baked first.


Mush was probably liver mush.
by cherijoh
Sun Feb 15, 2015 8:54 am
 
Forum: Personal Consumer Issues
Topic: Food of the Fifties
Replies: 216
Views: 11195

Re: Food of the Fifties

Ninegrams wrote:Spam
Liverwurst sandwiches


Spam is still alive and well in Hawaii. Some friends and I were in Honolulu a few years ago and they were celebrating Spamfest with restaurants offering special Spam menus. I kid you not ...
by cherijoh
Sun Feb 15, 2015 8:41 am
 
Forum: Personal Consumer Issues
Topic: Food of the Fifties
Replies: 216
Views: 11195

Re: Dollar cost averaging a lump sum (bonus) in 401k

50% of the max 401k contribution would be around $26,000? Honestly, I don't think it is worth the trouble for the questionable benefit of DCAing it. Just put it all in. Assuming you have an age appropriate asset allocation you likely aren't putting all of it in equity funds (based on your comment t...
by cherijoh
Sat Feb 14, 2015 6:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging a lump sum (bonus) in 401k
Replies: 8
Views: 491

Re: Unexpected Lay-off; Not quite ready to retire; Please He

Dear Forum Community, I hope this message finds you very well. A loved one has recently been laid off, and I offered to present her situation to the forums, as I shared how much I have benefited from the collective wisdom and wealth of compassion commonly found here. (Thanks for all your efforts in...
by cherijoh
Fri Feb 13, 2015 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unexpected Lay-off; Not quite ready to retire; Please Help?
Replies: 20
Views: 3809

Re: Rooting for stock to go down to sell?

If you own individual stocks that you'd prefer not to have (assume you acquired the stock pre-boglehead days), but still want that money invested in stocks (say, TSM), I seem to be conflicted as to what I prefer to happen. If I have a negative cost basis, then I can sell, take the tax loss, and the...
by cherijoh
Fri Feb 13, 2015 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rooting for stock to go down to sell?
Replies: 22
Views: 1681

Re: Average amount saved for retirement by age

I've read a number of articles about the average amount an individual has saved for retirement by age and the numbers seem ridiculously low. This doesn't include social security, pensions, or ones primary residence. The following is in the ball park of the majority of my findings... < 35: $6,306 35...
by cherijoh
Wed Feb 11, 2015 8:33 pm
 
Forum: Investing - Theory, News & General
Topic: Average amount saved for retirement by age
Replies: 133
Views: 27355

Re: Need advice: 401k and Annual Bonus

Let me explain in numbers. A situation where you will miss on matching either on bonus or in last paystubs would require a salary of $291668.00 291668 Salary and pay terms are bi weekly resulting in 26 pay period. Salary per pay period = 291668/26 = 11218 6% contrib = 673.08 If you contribute $673....
by cherijoh
Tue Feb 10, 2015 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: 401k and Annual Bonus
Replies: 8
Views: 1002

Re: Is it worth it? [Should I retire?]

I plan to retire later next year at 55 with a 90k federal pension with COLA. The pension will cover my expenses plus allow me to save some money each month. However, I recently found out if I delayed my retirement by 4 months to the end of 2016, I could increase my monthly retirement check by anoth...
by cherijoh
Mon Feb 09, 2015 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it worth it? [Should I retire?]
Replies: 57
Views: 4790

Re: Is it worth it to buy a condo vs a house.

Let me clarify: I am not just talking about condo vs. house in the 'which is better, which is cheaper' sort of way. My girlfriend and I currently rent a 'condo' (an apartment, really) at a reasonable rent ($1100, all included, for ~800 sq ft). Considering the area (a very upscale suburb in boston m...
by cherijoh
Sun Feb 08, 2015 11:22 am
 
Forum: Personal Consumer Issues
Topic: Is it worth it to buy a condo vs a house.
Replies: 41
Views: 4965

Re: Time within which employer must remit 401(k) contributio

A day or two lag is nothing. I work for a Fortune 500 company and was just noticing my contribution from the Jan 30 paycheck still hasn't posted as of this morning (5 business days later). This happens every month, and I'm seriously annoyed by it. Our matching contributions often don't show up unti...
by cherijoh
Sun Feb 08, 2015 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Time within which employer must remit 401(k) contribution
Replies: 44
Views: 2606

Re: Best tool for cross-portfolio AA and holdings analysis

Maybe I'm making it too complicated. I'm considering tax efficiency but also trying to diversify across plan types with different tax treatment (pre vs. post-tax money) and different rules for withdrawal -- like 457b is available after early retirement, before the other ret accounts are touchable w...
by cherijoh
Sun Feb 08, 2015 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Best tool for cross-portfolio AA and holdings analysis
Replies: 18
Views: 1195

Re: Looking for ideas for a romantic getaway

Charleston has some wonderful B&B's. A few years ago I did a walking tour of the historic B&Bs which included a tour inside of each. Two Meeting Street Inn is the one that impressed me the most. Its location on the Battery is fantastic and it gets great reviews on Trip Advisor. As far as res...
by cherijoh
Sun Feb 08, 2015 9:57 am
 
Forum: Personal Consumer Issues
Topic: Looking for ideas for a romantic getaway
Replies: 31
Views: 2173

Re: Mortgage refinance -- too good to be true?

I'm basically doing this right now. Going from 20 years left on a 30 at 6% to 15 year at 3.0%. Payment goes up $20 a month, and I own the house 5 years earlier with $55K+ less in interest.... No brainer for me. If I roll the closing costs in, I'll hit "break even" with my equity in about ...
by cherijoh
Sat Feb 07, 2015 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mortgage refinance -- too good to be true?
Replies: 21
Views: 2081

Re: Any advice for finally changing investment firms?

So after all of the wonderful help I received in this topic , I am going to be breaking the news to my CFP at Raymond James on Monday morning, and then I have a phone appointment with Vanguard set for Wednesday morning. Is there any advice anyone would like to give about how to handle both of these...
by cherijoh
Sat Feb 07, 2015 1:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Any advice for finally changing investment firms?
Replies: 11
Views: 522

Re: Inherited Mutual Funds: Investing advice

Before you sell all those funds, make sure you have the cost basis for each one on the day of your father's death. You'll need to know the number of shares and the price on that day for tax purposes. If you don't have the info now, I would get it from the broker before you pull the trigger. Maybe I...
by cherijoh
Sat Feb 07, 2015 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited Mutual Funds: Investing advice
Replies: 67
Views: 3078

Re: Lending money to family - I can't say no

korra wrote:.
But we are still paying off the card she opened in my husband's name.


This is fraud. Is this account closed down? You should lock your credit to ensure it doesn't happen again.

Is there substance abuse or a gambling addition involved?
by cherijoh
Sat Feb 07, 2015 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lending money to family - I can't say no
Replies: 82
Views: 5717

Re: Difference between an "exemption" and a "deduction?"

How about the fact that deductions depend on your circumstances and you have to have back up documentation? Exemptions are given as a consequence of being. Everyone who is MFJ with 3 dependents with neither adult over 65 gets the same exemptions on their 1040. (This should not be confused with the p...
by cherijoh
Sat Feb 07, 2015 12:50 pm
 
Forum: Investing - Theory, News & General
Topic: Difference between an "exemption" and a "deduction?"
Replies: 11
Views: 767

Re: How to raise kids who aren't spoiled

Don't reward bad behavior. I see little kids making a stink about wanting something in the store and the parents cave in to get the kids to stop whining. IMO, that's a spoiled brat in training.
by cherijoh
Sat Feb 07, 2015 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to raise kids who aren't spoiled
Replies: 11
Views: 1186

Re: Mortgage refinance -- too good to be true?

Trying to switch over from a 30 yr fixed mortgage to a 15 year fixed. I've done the math, and it sounds too good to be true, was wondering if anyone had the math capabilities to understand if I'm missing something. Basically, we have $611k left on our mortgage, we're almost 2.5 years into a 30 year...
by cherijoh
Sat Feb 07, 2015 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mortgage refinance -- too good to be true?
Replies: 21
Views: 2081

Re: Heavy Weight Polar Fleece

What do you consider heavier weight? Have you checked REI? They are showing a North Face Denali jacket that is 300 Series Polartec fleece. I don't recall seeing any 400 series in a while. But 300 with a wind-proof shell will keep you toasty under most conditions. Thanks Cherijoh , looking for a rep...
by cherijoh
Sat Feb 07, 2015 10:34 am
 
Forum: Personal Consumer Issues
Topic: Heavy Weight Polar Fleece
Replies: 8
Views: 787

Re: Heavy Weight Polar Fleece

The recent trend in Polar Fleece seems to favor a thinner lighter weight version that is suited to layering and active sports use ; does anyone know if heavy weight versions either full zip or partial are still made and where I can find them ? What do you consider heavier weight? Have you checked R...
by cherijoh
Sat Feb 07, 2015 9:47 am
 
Forum: Personal Consumer Issues
Topic: Heavy Weight Polar Fleece
Replies: 8
Views: 787

Re: Asymmetric Rebalancing in Withdrawal Phase

It sounds like an inappropriate AA for the withdrawal phase if you are that concerned about a shrinking balance. What you are suggesting is market timing.
by cherijoh
Sat Feb 07, 2015 9:33 am
 
Forum: Investing - Theory, News & General
Topic: Asymmetric Rebalancing in Withdrawal Phase
Replies: 27
Views: 1849

Re: Unhappy With Job Raise

I was introduced to a new term yesterday when I received my raise - salary compression. Apparently I'm approaching the max of the range for my position so HR decided to lop off a chunk of my recommended raise. I was assured that once I reach the max they will offset the raise with an increase of th...
by cherijoh
Sat Feb 07, 2015 9:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Unhappy With Job Raise
Replies: 78
Views: 7603

Re: Time within which employer must remit 401(k) contributio

I have been wondering about this with my DH's 401K. I believe there are more than 100 employees in his company. Last year the 401k contributions were deposited either on the scheduled pay day or a day earlier. So far this year the 401K contributions have been deposited 1-2 days after pay day. :conf...
by cherijoh
Sat Feb 07, 2015 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Time within which employer must remit 401(k) contribution
Replies: 44
Views: 2606

Re: Advantages of working past your number

If I had access to retiree health insurance, I think I would be qualified as working past my number. But with almost a decade to go until Medicare and the current valuations in stocks, I'm not ready to claim victory and pull the trigger. I have decided that if my current FT job disappeared tomorrow ...
by cherijoh
Fri Feb 06, 2015 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advantages of working past your number
Replies: 53
Views: 4048

Re: Unhappy With Job Raise

Hi everyone, I had my performance review a few days ago and it went really well - nothing but positive feedback from management. I was disappointed however when they said I'd only be getting a 3% raise. Apparently this is the standard across the board - other colleagues have confirmed. However, it'...
by cherijoh
Fri Feb 06, 2015 8:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unhappy With Job Raise
Replies: 78
Views: 7603
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