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Re: The mathematics of recouping loss

The reciprocal of x is 1/x. Expressing this in terms of percentages changes nothing. [OT comment removed by admin LadyGeek] I don't know why everyone is slamming the OP. I think this is a good illustration of why you need to use CAGR (compound annual growth rate) instead of average growth rate. It ...
by cherijoh
Sat Nov 22, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: The mathematics of recouping loss
Replies: 11
Views: 1247

Re: Landlord wants us to sign an entirely new contract!

Did you honestly think the landlord was going to take care of water/sewage/trash? I cover water, sewer, and trash for my rental townhouse. I priced it into the rent. I don't think it's terribly unusual for the landlord to cover that, at least in this area. The primary reason is that the township ca...
by cherijoh
Tue Nov 18, 2014 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Landlord wants us to sign an entirely new contract!
Replies: 51
Views: 5847

Re: Deciding When to Retire

Another issue is health insurance. Do you get health insurance at work? Does your husband? Could you potentially get health insurance through your husband's job? If you do not have to pay the full cost of health insurance when you retire that makes it a lot easier. This is the big unknown with resp...
by cherijoh
Sun Nov 16, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deciding When to Retire
Replies: 47
Views: 4989

Re: Your car(s) are equal to how many months income

Professor Emeritus wrote:
Aptenodytes wrote:The tails aren't quite right. Left tail should be 0 and right should be 8+.

I answered but am not sure why.


The first answer is < 1 month which includes 0 and the last answer is 7+ i.e. > 7 which includes 8+


Sorry but IMO '7+' is read as '7 or more' - so I agree with Aptenodytes.
by cherijoh
Fri Nov 14, 2014 10:37 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 6049

Re: Dealing with pressure for "social donations" at work

Does your work have an HR department that can quietly and tactfully intervene? What your boss is doing may be against labor laws or company policy. Yeah, I was thinking this, this seems really bad on many levels. The ignorant supervisor at best might think it leads to closer company ties and bondin...
by cherijoh
Fri Nov 14, 2014 10:32 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 167
Views: 9198

Re: Winter Coat

Check out Sierra Trading Post. They offer many (most?) of the brands mentioned in this thread at discount prices. It could be last year's model, but that doesn't sound like an issue for the OP. :wink: Currently, they are running an "extra 30% orders of $100+" deal.
by cherijoh
Fri Nov 14, 2014 10:59 am
 
Forum: Personal Consumer Issues
Topic: Winter Coat
Replies: 51
Views: 4459

Re: Dealing with pressure for "social donations" at work

Group gift-giving is anonymous at my (former) megacorp employer -- at least on most of the teams where I worked. Someone getting married? Feel free to contribute to a gift. No names or amounts revealed. All are welcome to sign the card. UW campaign pledges are encouraged (I served as an "ambas...
by cherijoh
Fri Nov 14, 2014 8:44 am
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 167
Views: 9198

Re: Mortgage as a savings vehicle

My question to you is WHY? The idea being that I could pay down my 4.50% loan rather than gaining .90% from a savings account and I would be able to sell and access the equity in my home to fund my future home purchase . Perhaps the liquidity problem could be avoided by renting a home for a year ra...
by cherijoh
Fri Nov 14, 2014 8:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage as a savings vehicle
Replies: 18
Views: 1864

Re: Dealing with pressure for "social donations" at work

It sucks, but you're probably stuck paying. Failing to participate will probably torpedo your reputation with management. I'd ask for a receipt, that way you can file for either a charity deduction or unreimbursed business expense depending on your accountant's interpretation of the event. This is ...
by cherijoh
Fri Nov 14, 2014 7:48 am
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 167
Views: 9198

Re: 1276% toll admin fee from Dollar. 86% of rental cost

I agree that the rental overall is still cheap. That's not what I'm complaining about . The issue is the surprise fee, and the fact it almost doubled the - admittedly very cheap - rental cost. I think the teaser price was highly misleading. The fact that the other toll prepayment options - paying $...
by cherijoh
Sun Nov 09, 2014 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: 1276% toll admin fee from Dollar.
Replies: 89
Views: 7573

Re: MFO's David Snowball's Blunt Observation on Index Funds

That is such an incredibly stupid and misleading remark. It cannot have been made in good faith, it has to be intentional spin. 1) The reference to the Dow Jones Industrial Average is a straw man. Very few index funds or index fund investors track the Dow Jones Industrial Average. I don't even know...
by cherijoh
Sat Nov 08, 2014 11:26 am
 
Forum: Investing - Theory, News & General
Topic: MFO's David Snowball's Blunt Observation on Index Funds
Replies: 17
Views: 2135

Re: Supreme Court Blues

I am eligible for full retirement in March '15 at age 58. However, I no longer have the option of retiree benefits through my employer until age 65. They were recently cut. So I was counting on the ACA for health insurance, which I can afford without a subsidy. But with the Supreme Court's decision...
by cherijoh
Sat Nov 08, 2014 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Supreme Court Blues
Replies: 34
Views: 2202

Re: What if I Never Buy a House?

So like everyone who starts their new grown-up job, I've been thinking about saving up a down payment for a house (or probably more like a condo or townhouse since I'm single with no kids). But the more I think about it, look on zillow, etc., the more I'm not sure I really want to buy a house....ev...
by cherijoh
Sat Nov 08, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: What if I Never Buy a House?
Replies: 57
Views: 6596

Re: Pension lump sum offer - am I thinking clearly?

I had a similar decision 15 years ago, very similar amounts and I am glad I took the annuity. I did have a survivor benefit (which I selected) though. Thanks. I do,have the option of starting the annuity now with a survivor benefit , but the monthly amount is less than half of the age 65 annuity . ...
by cherijoh
Fri Nov 07, 2014 6:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension lump sum offer - am I thinking clearly?
Replies: 32
Views: 2404

Re: How to make withdrawals during retirement

If we wish to withdraw 4% annually, is it best to withdraw a lump sum at the beginning of each year, or some other way? Thanks again, folks! I think it is best to withdraw at the market high for the year. If that is at the beginning of the year, then withdraw at the beginning. Also typically, a por...
by cherijoh
Sun Nov 02, 2014 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to make withdrawals during retirement
Replies: 28
Views: 2253

Re: Jack Bogle on why your retirement plan stinks

I can find out what I've paid pretty easily by looking at a quarterly statement. My beef is that I'm a little confused as to how it's calculated. For example, on my low-balance 401(k), below are a breakdown of the fees I've been charged thus far this year. I stopped contributing this year until rec...
by cherijoh
Sun Nov 02, 2014 10:19 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle on why your retirement plan stinks
Replies: 14
Views: 2916

Re: 401k millionaire

Wish I was there but I am not. If you add in IRA's, I might get there someday as long as I keep contributing and the markets work their magic. My strategy has been to save as much as I can as early as I can and keep my expenses low. I have not made big salaries since my career has been mostly in th...
by cherijoh
Sat Nov 01, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k millionaire
Replies: 27
Views: 5013

Re: Should I consider moving closer to work?

I don't know what kind of job you have, but is there any chance you could work from home one or two days a week? Work 9 hour shifts with every other Friday off? My company has done a lot of this type of thing (although my job function means I don't get to participate). It makes it easier if you're ...
by cherijoh
Sat Nov 01, 2014 1:06 pm
 
Forum: Personal Consumer Issues
Topic: Should I consider moving closer to work?
Replies: 37
Views: 2564

Re: Is $700,000 enough to retire? Opinions please .

DH age 64.3 wants to retire unexpectedly from good job ,early in 2 months. Just ready, wants to do new things,work on our low profit side business. I also work and am 59.3 y/o. I think we have inadequate retirement funds to fund our yearly spending of after tax of $65000 (around $80000 taxable). Es...
by cherijoh
Fri Oct 31, 2014 7:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Is $700,000 enough to retire? Opinions please .
Replies: 86
Views: 12500

Re: Retiring without any additional investments for 25 years

You might be interested in checking out this website . It calculates the arithmetic and geometric (aka CAGR) means for the S&P 500 for any period since 1871. You can switch from nominal to real dollars by clicking on the box to adjust for inflation. The compound annual growth rate (CAGR) is what...
by cherijoh
Mon Oct 27, 2014 8:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiring without any additional investments for 25 years
Replies: 20
Views: 2879

Re: Retiring without any additional investments for 25 years

I would like to get your input on whether we can afford to retire at age 65 without adding any additional investments to our retirement funds. It is quite likely that we will be investing every year, but I am looking for piece of mind knowing that we will be OK even without additional investments a...
by cherijoh
Mon Oct 27, 2014 7:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiring without any additional investments for 25 years
Replies: 20
Views: 2879

Re: DCA deposits can raise red flags with the IRS

hornet96 wrote:
McCharley wrote:...this is a DCA risk....


What is a "DCA" risk? Something peculiar going on at Ronald Reagan National Airport? :confused


Dollar Cost Average
by cherijoh
Sun Oct 26, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: DCA deposits can raise red flags with the IRS
Replies: 7
Views: 1504

Re: Asset allocation in inherited IRA's

I just received an inherited IRA and an inherited Roth IRA. Age 40 and taking rmd's over my life expectancy. 39.6% tax bracket. Asset allocation of inherited IRA is the same as my overall plan of 75/25 of stocks/bonds. $215k Asset allocation of inherited Roth is 100% stocks. $16k Any suggestions on...
by cherijoh
Sun Oct 26, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation in inherited IRA's
Replies: 11
Views: 795

Re: Calculating (IRA) RMD

See IRS Pub 590. The factor depends on your particular situation - if your spouse is your sole beneficiary and is ten or more years younger than you, there is a separate table that applies for determining the factor.
by cherijoh
Sun Oct 26, 2014 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Calculating (IRA) RMD
Replies: 7
Views: 626

Re: Roth conversion from traditional IRA

We don't know enough information to even guess.For instance what is your current tax rate? Tax Rate: 28% Federal, 4% State Are you going to retire early or have low tax rate years? I plan to retire 20 years from now. Ideally I would quit working at that time and have low tax rate years living off s...
by cherijoh
Sat Oct 25, 2014 4:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth conversion from traditional IRA
Replies: 14
Views: 1318

Re: Feeling rich to feeling poor overnight

Probably not a hoax - I lived in a large midtown development called Tudor City. My apt was 9 feet by 17'6". I think with the bathroom is was about 196 square feet. There was no kitchen - and a Murphy bed. Bought it, loved it, and when I got a larger place I rented it out for many years. Finall...
by cherijoh
Sat Oct 25, 2014 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 85
Views: 10873

Re: Help on Turbo Tax Long term cap gains

Ok - I went to H&R Block and didn't learn all that much but two things: 1) when I enter my Edit Long Term Cap Gains and change the sale price and cost basis - the Totals on the screen stay the same as the first entry (in this case the totals all stay at Sale Price $5000, Cost Basis $3000 regard...
by cherijoh
Sat Oct 25, 2014 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Help on Turbo Tax Long term cap gains
Replies: 29
Views: 1707

Re: Would You Sell Or Continue Renting Out My Condo?

See the link here regarding the sale of a house used as both a primary residence and rental property. They give two examples - one where the taxable gains were prorated and the other where they were not. In both cases any recapture for depreciation (whether or not you claimed it or not on your taxes...
by cherijoh
Thu Oct 23, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would You Sell Or Continue Renting Out My Condo?
Replies: 27
Views: 3338

Re: Mortgage Options For Home

15 yr or 30 fixed rate. ARM's are terrible and being pushed by unethical lenders and bought by suckers. Don't be in a hurry to pay it off. It's cheap debt and I suspect you itemize your taxes. This rate is not high on a historical basis. Like to make sweeping generalizations, much? You may be confu...
by cherijoh
Thu Oct 23, 2014 5:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Options For Home
Replies: 16
Views: 1078

Re: lump sum now vs pension later?

In other words, the three annuities do look equivalent, but that's just kind of a lucky coincidence. Usually the offer in the plan documents will indicate any incentives that may be applied, so I do think this is more than a coincidence. However, that is not saying that the lump sum equivalent woul...
by cherijoh
Thu Oct 23, 2014 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: lump sum now vs pension later?
Replies: 45
Views: 4247

Re: How to calculate how well you're doing?

Maybe I'm doing something wrong. I created this test sheet. 7% per year, compounded monthly, $4000 added per month. Date Added Balance 01/01/2013 -$4,000.00 $4,000.00 02/01/2013 -$4,000.00 $8,023.33 03/01/2013 -$4,000.00 $12,070.14 04/01/2013 -$4,000.00 $16,140.55 05/01/2013 -$4,000.00 $20,234.70 0...
by cherijoh
Thu Oct 23, 2014 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: How to calculate how well you're doing?
Replies: 9
Views: 1306

Re: Loaning money to invest?

I think 15 year mortgage is better than 30 year and no mortgage is better than 15. I would not borrow money to invest it if I had a mortgage, I'd just invest it by making extra mortgage payments and having no debt. That's investing. The feeling of security one has in a life without debt, to me (as ...
by cherijoh
Thu Oct 23, 2014 9:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Loaning money to invest?
Replies: 13
Views: 1576

Re: How do so many HCEs contribute the max to 401k

Debating whether or not I should kick it up to 50% for the rest of the year and see what happens. Does anyone have any experience with over contributing as a HCE? If your company has told you that you are an HCE and that your limit is x% then you don't want to mess with that. Your only recourse is ...
by cherijoh
Mon Oct 20, 2014 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do so many HCEs contribute the max to 401k
Replies: 30
Views: 2765

Re: Dumb CD question

I'm comparing directly purchased (from local credit union) CDs of 21, 34, and 60 months offering 2.0%, 2.25%, and 2.50% APY respectively. There is a 6-month interest penalty for early redemption on each. Is there any reason in the world not to purchase the one with the highest APY (60 months), sinc...
by cherijoh
Mon Oct 20, 2014 6:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Dumb CD question
Replies: 10
Views: 917

Re: Need advice: retired, now return to work FT at same empl

So, the employer has maintained that you'll receive benefits as a new employee would? I guess I would have assumed otherwise. It's certainly reasonable to try to negotiate for better, but, except at higher levels in the organization, some policies in larger companies are pretty much set in stone. M...
by cherijoh
Sun Oct 19, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1337

Re: Diversified Brokerage Account [Estate proceeds]

I recently divided my mother's brokerage account 3 ways after she passed away. I was advised by her broker to sell everything, and split the assets with my brother and sister, reinvest with him and start over with new investments -- three separate accounts. After further research, I was advised to ...
by cherijoh
Sun Oct 19, 2014 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Diversified Brokerage Account [Estate proceeds]
Replies: 4
Views: 194

Re: Got my first cold call - does this mean I've 'made it?'

Somehow, I received an investment adviser 'cold call' a couple of days ago at my work number. I'm on DNC lists at home. Not sure how this information got out - perhaps someone just randomly trying various extensions after looking up our corporate number? I might not be giving them enough credit on ...
by cherijoh
Sun Oct 19, 2014 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Got my first cold call - does this mean I've 'made it?'
Replies: 30
Views: 5528

Re: Health care tilt

As a doctor, your human capital is already heavily tilted toward the health care sector. It seems to me that--if anything--you would want your financial portfolio to tilt away from health care (to compensate for the fact that your human capital is 100% in health care.) If *anyone* should be tilting...
by cherijoh
Sun Oct 19, 2014 11:48 am
 
Forum: Investing - Theory, News & General
Topic: Health care tilt
Replies: 77
Views: 4029

Re: Help me choose... [Retirement withdrawal strategy]

Retiree here... Just finished reconfiguring my portfolio for the next 30 years having just turned 65. SS and SPIA's will cover my "basic" needs (about 60% of current expenses). I am withdrawing about 3.5% of our portfolio annually to support the balance of our current expenses. How much o...
by cherijoh
Sun Oct 19, 2014 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Help me choose... [Retirement withdrawal strategy]
Replies: 12
Views: 1296

Re: Need advice: retired, now return to work FT at same empl

So, the employer has maintained that you'll receive benefits as a new employee would? I guess I would have assumed otherwise. It's certainly reasonable to try to negotiate for better, but, except at higher levels in the organization, some policies in larger companies are pretty much set in stone. M...
by cherijoh
Sun Oct 19, 2014 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1337

Re: Need advice: retired, now return to work FT at same empl

munemaker wrote:Is 401k match a negotiable item? I doubt it be a use it is inherent in the plan design, which is a legal document.


No way can you negotiate on a 401-k match. There are all kinds of fairness tests required to comply with it being a qualified plan.
by cherijoh
Sun Oct 19, 2014 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1337

Re: Mega bus vacation with toddlers.

21 hours, eh? 1.5 and 3 years old? Dear God, have pity on the rest of the folks on the bus and pay more to drive yourselves. Lol. I thought that since we are not driving. We will be available to entertain them. Maybe this is a bad idea. We have a brand new mini van and we do not want to drive aroun...
by cherijoh
Sat Oct 18, 2014 2:02 pm
 
Forum: Personal Consumer Issues
Topic: Mega bus vacation with toddlers.
Replies: 27
Views: 2076

Re: Anyone cancelling travel plans?

We are booked for a cruise Nov. 29 and frankly, we are wondering if its a good idea to be on a cruise ship with the current epidemic scare. We realize its a tiny probability, but still....being in a closed ship with several thousand strangers not knowing if there is a lurking contagion. Are we bein...
by cherijoh
Sat Oct 18, 2014 1:48 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6431

Re: Missing Dividend Payment Information

There possibility does exist that whatever firm runs the plan takes the dividends for themselves. One way to find out the fees is to not contribute to a fund over a quarter and see that its return matches the return of the index or a proxy fund with dividends re-invested. If your dividends were goi...
by cherijoh
Sat Oct 18, 2014 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 28
Views: 2718

Re: Mega bus vacation with toddlers.

21 hours, eh? 1.5 and 3 years old? Dear God, have pity on the rest of the folks on the bus and pay more to drive yourselves. Lol. I thought that since we are not driving. We will be available to entertain them. Maybe this is a bad idea. We have a brand new mini van and we do not want to drive aroun...
by cherijoh
Sat Oct 18, 2014 12:06 pm
 
Forum: Personal Consumer Issues
Topic: Mega bus vacation with toddlers.
Replies: 27
Views: 2076

Re: Need advice: retired, now return to work FT at same empl

Free consultations with financial planners, none engaged/paid. The circumstances were shared by about 50 coworkers who retired at the same time. When interest rates go up, so do the segment rates that determine lump sum values. Projections showed that would have a very adverse affect on lump sum pe...
by cherijoh
Sat Oct 18, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1337

Re: Need advice: retired, now return to work FT at same empl

Full time OK with me because this is a newly-created position right in my wheelhouse, and I always planned to work to my mid-60's. Retirement at age 55 was advice of Financial Planners who projected that rising rates were likely to unacceptably erode my lump sum. I'm risk-averse, so went with that....
by cherijoh
Sat Oct 18, 2014 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1337

Re: Making an offer today

After much deliberation and input from this board, I am pulling the trigger on making an offer on a 1-BR condo. Thanks to everyone who has offered their input. I will disclose financial details at a later date. My offer is well below asking price and somewhat lower than my agent suggested. I realiz...
by cherijoh
Sat Oct 18, 2014 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 44
Views: 4829

Re: Please help me solve my wireless router issues

My newly installed cable tv/internet enters the house via a coax cable. The coax is connected to my cable modem (new Motorola 6141). From the modem there is an internet cable and another cable to the tv. Here is the situation: 1. Cable tv works flawlessly. 2. Internet is available when my laptop is...
by cherijoh
Thu Oct 16, 2014 6:11 pm
 
Forum: Personal Consumer Issues
Topic: Please help me solve my wireless router issues
Replies: 29
Views: 1341

Re: Index usage error in Mortgage Document.

Based on the rate he/she quoted (0.11%) they are definitely referencing the 1-year rates. Here's some recent data from the St Louis Federal Reserve website . But I have no clue regarding how one has a 5-year constant maturity on a 1-year security. The website lists the data series as "1-Year Tr...
by cherijoh
Thu Oct 16, 2014 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Index usage error in Mortgage Document.
Replies: 13
Views: 745
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