Search found 1548 matches

Go to advanced search

by cherijoh
Fri May 22, 2015 5:17 am
Forum: Personal Consumer Issues
Topic: Put money down on new car, dealer wants color change
Replies: 47
Views: 2756

Re: Put money down on new car, dealer wants color change

The dealer told me they had looked all over but couldn't find my 1st color choice, but they could get me my second color choice. So I said okay. When I went to pick it up, I had to wait while they washed an incredible amount of dirt off the car. (They claimed it had been at a dealership on the Coas...
by cherijoh
Fri May 22, 2015 4:38 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Follow "Passion" or Follow the Money?
Replies: 55
Views: 2165

Re: Career Advice: Follow "Passion" or Follow the Money?

Do you have a job offer from Bain or Mckinsey or is it hypothetical at this point? It's more of hypothetical, although my friend (also PhD same batch as me, but moved to management consulting immediately after graduation) has offered to help setup an interview should I be interested in applying. I ...
by cherijoh
Fri May 22, 2015 4:09 am
Forum: Personal Consumer Issues
Topic: A trip to Disney World - What are the best days during Christmas time?
Replies: 33
Views: 1539

Re: A trip to Disney World - What are the best days during Christmas time?

http://www.themeparkinsider.com/photos/images/IMG_2344.JPG Yikes! Not having kids, I went with friends in Late Jan/early Feb and thought the crowds were crazy and some of the wait times ridiculous. And it was nothing like in this photo. I would be claustrophobic in those crowds. OP - I don't think ...
by cherijoh
Fri May 22, 2015 3:50 am
Forum: Investing - Help with Personal Investments
Topic: Post tax investing or Pay off 2.95% Mortgage?
Replies: 39
Views: 3428

Re: Post tax investing or Pay off 2.95% Mortgage?

In your circumstances - already maxing pre-tax, large emergency fund, high marginal tax rate, very low mortgage interest rate, paid off mortgage before retirement no matter what you decide - I don't think there is any clear-cut right or wrong answer. From a purely financial-return perspective, you w...
by cherijoh
Wed May 20, 2015 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell my company's stock and exchange it for an SP500 index fund?
Replies: 60
Views: 3441

Re: Should I sell my company's stock and exchange it for an SP500 index fund?

Part of my uneasiness is that I don't want to exchange a very nice stock with a bulletproof balance sheet for the SP500 which has (in my opinion) some really not great, overvalued companies. I know it's diversified, but so is an index of high-yield bonds whose companies are, by definition, kind of ...
by cherijoh
Wed May 20, 2015 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell my company's stock and exchange it for an SP500 index fund?
Replies: 60
Views: 3441

Re: Should I sell my company's stock and exchange it for an SP500 index fund?

About 50% of my financial assets are in my company stock (grants and stock purchase plan) and the rest is in a diversified mix of US/intl stock. It makes me a little nervous to have so much in my company's stock because it goes against recommended advice. Should I start gradually selling my company...
by cherijoh
Tue May 19, 2015 6:32 am
Forum: Investing - Help with Personal Investments
Topic: Question with 401(k) statement
Replies: 7
Views: 428

Re: Question with 401(k) statement

Maybe the employer adds it to his paycheck then contributes it to the 401k? Have you studied his paystub to see if this might be it? Why not just have him ask his payroll department if you can't figure it out? Kevin He's planning on calling tomorrow and asking them. I just didn't know if I was miss...
by cherijoh
Mon May 18, 2015 7:15 pm
Forum: Personal Consumer Issues
Topic: Trip Insurance
Replies: 30
Views: 1290

Re: Trip Insurance

OP has bought an organized tour, which usually requires full payment up front a few months in advance. This could be 5-10K/ or more person depending on the tour. This changes the equation entirely. Trip cancellation insurance really does make some sense. Also medical evacuation insurance may be a g...
by cherijoh
Mon May 18, 2015 7:00 pm
Forum: Personal Consumer Issues
Topic: Trip Insurance
Replies: 30
Views: 1290

Re: Trip Insurance

I've traveled all over the World for over 35 years and I've never bought 'Trip Insurance'... and I've never needed it either. I self insure. With that said, I did cancel 1 trip about 5 months in advance and received all of my money back. I insure for Major events that I cannot pay out of pocket. Li...
by cherijoh
Mon May 18, 2015 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Cautionary tale regarding 401(k) rollover to IRA
Replies: 16
Views: 1804

Re: Cautionary tale regarding 401(k) rollover to IRA

I actually think it is pretty typical for 401k providers to do it the way you describe. I know my former employer's plan sent me a final statement with the check which showed the breakdown between my before- and after-tax contributions, company matching amounts, and earnings. Stuff that wouldn't be ...
by cherijoh
Mon May 18, 2015 4:59 pm
Forum: Personal Consumer Issues
Topic: 21 Surprising Statistics That Reveal How Much Stuff We Actually Own
Replies: 11
Views: 2177

Re: 21 Surprising Statistics That Reveal How Much Stuff We Actually Own

1. There are 300,000 items in the average American home (LA Times). For that to be true, I'd have to have 15 items per cubic foot in my house. <-- I guess that depends on how you define "items". If I have a dozen eggs in the fridge is that one item or 12? 2. The average size of the Americ...
by cherijoh
Mon May 18, 2015 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: adversarial inheritance situation - advice needed.
Replies: 23
Views: 3210

Re: adversarial inheritance situation - advice needed.

Does the OP know whether there's a will or Trust and who the beneficiaries are? If the grandchild was the beneficiary of a Trust there's a certain logic that maybe the child is the only beneficiary of his/her parent's estate. Or that the child is a beneficiary of a Trust with the grandchild being t...
by cherijoh
Sun May 17, 2015 7:36 am
Forum: Personal Consumer Issues
Topic: Keep underground storm cellar (in Florida)?
Replies: 26
Views: 1112

Re: Keep underground storm cellar (in Florida)?

How old is the house? Could it be a fall-out shelter from the early 60's? Remember the Cuban Missile Crisis.
by cherijoh
Sun May 17, 2015 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Please help me with my 401k 31 year old single male
Replies: 15
Views: 1294

Re: Please help me with my 401k 31 year old single male

Sounds to me that you're the set it and forget it kind... I would recommend putting all of the money into "Vanguard Target Retirement 2045 Fund Investor Shares VTIVX" ... contribute as least up to the match, but more if you can afford it. Just my take I agree. The main reasons to move awa...
by cherijoh
Sat May 16, 2015 11:15 am
Forum: Investing - Theory, News & General
Topic: Best Asset Allocation if you've "won the game"
Replies: 86
Views: 8347

Re: Best Asset Allocation if you've "won the game"

At 54, I feel like if I can keep my total assets about where they are, I could retire at 60. I am presently at 55/40/5 (stocks/bonds/cash). Is there an optimal asset allocation when you feel that you don't need to take much risk to get to the finish line? Also, my annual retirement contributions ar...
by cherijoh
Sat May 16, 2015 10:01 am
Forum: Personal Consumer Issues
Topic: A/C Service Deals
Replies: 11
Views: 815

Re: A/C Service Deals

Numerous studies have shown that AC systems getting 'annual checkups' have shorter lifespans and more maintenance costs than those that don't. This is presumably due to minimal/zero benefit, and a subset of techs 'finding something to fix'. Really? Can you site any of these numerous studies showing...
by cherijoh
Sat May 16, 2015 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Networth question
Replies: 54
Views: 4241

Re: Networth question

The problem with real estate is liquidity. In terms of retirement portfolio I don't include anything I can't convert to food in a reasonable time (one business week?). Would you really drain yourself down to a weeks worth of money before selling your house? Does it take a week to take out a home eq...
by cherijoh
Sat May 16, 2015 8:39 am
Forum: Personal Consumer Issues
Topic: Aren't we overdoing electronic auto safety features?
Replies: 148
Views: 6518

Re: Aren't we overdoing electronic auto safety features?

I drive and ride about 10,000 miles per year in autos, so the odds of my being killed in a given year are 10K/100M *1.10 = 0.011%; that is, my chances of not being killed driving in a given year are 99.99%. Over an entire 60-year driving lifespan, the odds of being killed in an automobile accident ...
by cherijoh
Sat May 16, 2015 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Seeking ~10 fund recs for taxable account. Low correlation desired.
Replies: 7
Views: 704

Re: Seeking ~10 fund recs for taxable account. Low correlation desired.

One big problem with your proposed plan is that correlations change over time - so something can have a low correlation when you purchase them and then later when you want the benefit of the low correlation it is no longer there. So what will you do when they are all winners or all losers during som...
by cherijoh
Fri May 15, 2015 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio & Budget Review Requested -- Correct Format
Replies: 10
Views: 798

Re: Portfolio & Budget Review Requested -- Correct Format

Emergency Funds: 3 months IMO, a high priority should be to increase your EF to 6mos in light of your expected addition to the family Debt: Student loans (all fixed) - $24k $5k @ 4.25% $3k @ 5.35% <--- $10k @ 4.99% $6k @ 2.75% Mortgage - $112k @ 3.75% Car - $18k @ 3.49% (in process of refi to 1.98%...
by cherijoh
Thu May 14, 2015 7:05 pm
Forum: Investing - Theory, News & General
Topic: Weird CommBank(Australia) Term Deposit Rates
Replies: 6
Views: 493

Re: Weird CommBank(Australia) Term Deposit Rates

There are two possibilities that come to mind. The first is their asset-liability management may call for it. Banks actively manage the term of their debt to meet liquidity needs. The real reason is behavioural. Term deposits often auto renew at the same maturity. By having different specials at di...
by cherijoh
Thu May 14, 2015 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Beneficiaries, Spousal Assumption and Non Spouse Inheritance
Replies: 14
Views: 720

Re: Roth IRA Beneficiaries, Spousal Assumption and Non Spouse Inheritance

Thank you Alan, Fran and Matahari! The Roth IRA belongs to my father. The beneficiaries are his spouse(my Mom) and his three sons (my bothers and I) So the take away here is that Roth IRA needs to be split and transferred before 12/31 of the year following my fathers passing. My Mom's portion will ...
by cherijoh
Thu May 14, 2015 5:10 am
Forum: Investing - Help with Personal Investments
Topic: Looking for input on investing a windfall
Replies: 14
Views: 1937

Re: Looking for input on investing a windfall

Sorry for your loss.

I have several friends who were widowed early and I believe widows can draw their husbands SS retirement benefits starting when they hit age 60. What OP is drawing for being widowed with dependent children is a separate part of SS.
by cherijoh
Wed May 13, 2015 8:38 pm
Forum: Personal Consumer Issues
Topic: Free time in Prague and Amsterdam .. what to see?
Replies: 18
Views: 988

Re: Free time in Prague and Amsterdam .. what to see?

In Amsterdam: We did the Anne Frank House and Van Gogh Museum which were great (you can and should buy tickets ahead of time). A canal tour or two is a must. There are plenty to choose from, but the evening cocktail cruises are great. And finally just spend time wandering through the city. It's one...
by cherijoh
Wed May 13, 2015 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Schooling my CPA and getting charged for it!
Replies: 134
Views: 9531

Re: Backdoor Roth: Schooling my CPA and getting charged for it!

When I did my taxes last year, it was the first time I did the mega-backdoor Roth (after learning about it here). My accountant looked like a deer in the headlights. He had never heard of it and had no idea what I was trying to explain. He didn't charge extra for it. I would think a CPA would know ...
by cherijoh
Wed May 13, 2015 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: IRA to Roth questions.....
Replies: 25
Views: 1397

Re: IRA to Roth questions.....

no need to pay estimated taxes if your withholdings cover your prior year tax liability. Just to be clear - do a trustee to trustee transfer of the full amount being converted. If you have tax withheld from your IRA distribution instead of converting the full amount and you are under 59.5, you owe ...
by cherijoh
Tue May 12, 2015 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell tax inefficient mutual funds?
Replies: 28
Views: 2146

Re: Should I sell tax inefficient mutual funds?

See this response I wrote yesterday to chabil: https://www.bogleheads.org/forum/viewtopic.php?p=2344874#p2344874 And I'll add one more thing to the list of possibilities: 7. Wish for another financial collapse and Great Recession, so that you can get out of these funds without tax consequences. I g...
by cherijoh
Mon May 11, 2015 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Retirement in 2 years?
Replies: 16
Views: 2274

Re: Retirement in 2 years?

I would be concerned about your estimate for health and dental insurance going forward. Have you included out-of-pocket costs or is this just insurance? While this estimate might be okay for age 50, how have you accounted for the potential for high year-over-year increases in premiums?
by cherijoh
Sun May 10, 2015 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage question - reduced total income vs job change
Replies: 3
Views: 460

Re: Mortgage question - reduced total income vs job change

This is my first post but I've been reading the forum for a while. My title doesn't cover our situation exactly. Background We are planning to move to another state to be nearer to family. I will be keeping my current job and will work remotely. My spouse is retired military but he works full time ...
by cherijoh
Sun May 10, 2015 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Extra cash - what would you do?
Replies: 5
Views: 859

Re: Extra cash - what would you do?

At the end of the month, we have an average of about $500 left over after expenses, savings, retirement contributions, etc. Some months are as high as a couple thousand, but the average is $500 or so. We are maxing out all available tax-advantaged accounts, have a fully-funded emergency fund, save ...
by cherijoh
Sun May 10, 2015 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: are we moving to awful 401(k)?
Replies: 5
Views: 768

Re: are we moving to awful 401(k)?

The problem is that different companies can use the same 401K provider and have vastly different offerings and fees. So it is not the 401k provider per se but what your employer has set up with them that counts. The megacorp for which I work currently has a plan through Fidelity. We have about 30 op...
by cherijoh
Sun May 10, 2015 7:16 pm
Forum: Personal Consumer Issues
Topic: Should I buy a lighter bicycle or lose body weight?
Replies: 53
Views: 3946

Re: Should I buy a lighter bicycle or lose body weight?

you will have essentially no speak again from buying a lighter bike compared to your current bike. If you say you notice it it's almost certainly a placebo effect compared to your current bike. that said, there is a very real effect of people being excited to ride their new bike even if it isn't an...
by cherijoh
Sun May 10, 2015 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophies of frugality.
Replies: 60
Views: 5783

Re: Philosophies of frugality.

Why experience is better than things? I see so many saying that here. We don't like to travel but we like nice things (house, cars, shoes, clothes). Why spending money on experience such as travel is better the others? I guess I'm a hedonist. I like to travel, and have memories and shared experienc...
by cherijoh
Sun May 10, 2015 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: pension benficiary tax question
Replies: 5
Views: 703

Re: pension benficiary tax question

Sorry to hear of your loss. A non spouse beneficiary has the option to do a direct rollover to an inherited TIRA or inherited Roth IRA. If you want to avoid current taxes at your marginal rate, have it directly rolled over to an inherited TIRA account. Of course, starting next year you will have to...
by cherijoh
Sun May 10, 2015 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Lecture me about "too much house"
Replies: 49
Views: 5306

Re: Lecture me about "too much house"

Thanks again for all of the responses. We've read through each of them. One thing that I didn't mention is the appreciation this area has seen. The nicer subdivision has several listings sold in the 170s-180s just 6-12 months ago. Now they start at 225k. This is going on in the other neighborhood t...
by cherijoh
Sun May 10, 2015 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Tenants left and we end up with a flooded basement and no insurance coverage
Replies: 35
Views: 3571

Re: Tenants left and we end up with a flooded basement and no insurance coverage

We became accidental landlords when my company moved me overseas for a couple of years. Clearly, we lacked the skills to be landlords (especially from thousands of miles away). Having said that, we were generally happy with the whole experience, but for the end bit. I am just a little peeved that m...
by cherijoh
Sun May 10, 2015 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Tenants left and we end up with a flooded basement and no insurance coverage
Replies: 35
Views: 3571

Re: Tenants left and we end up with a flooded basement and no insurance coverage

The utilities I am aware of, have a special category of accounts for rental property. The tenants are responsible for the period of time they are in possession of the property, but the utility would always automatically revert responsibility back to the landlord. The landlord is not generally respo...
by cherijoh
Sun May 10, 2015 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Tenants left and we end up with a flooded basement and no insurance coverage
Replies: 35
Views: 3571

Re: Tenants left and we end up with a flooded basement and no insurance coverage

I am not happy that the power company cut the power off promptly, the insurance company did not cover anything, the tenants and the property "manager" all got off scott free and I end up with a hefty bill. Any advice would be appreciated. IMO, the only one of the four with whom you might ...
by cherijoh
Sun May 10, 2015 8:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard v. Fidelity
Replies: 26
Views: 2259

Re: Vanguard v. Fidelity

Just because Fidelity is the administrator of your new plan doesn't mean that it will offer a lot of Fidelity funds. Looking at all of the discussions about Fido-administered 401K plans here, some let people invest in pretty much anything, some are limited to some very high cost (and often non-Fide...
by cherijoh
Sat May 09, 2015 7:18 pm
Forum: Investing - Theory, News & General
Topic: Stop contributions to retirement accts due to future RMDs
Replies: 77
Views: 5360

Re: Stop contributions to retirement accts due to future RMDs

But dharrythomas' point was very important. 'Reaching your number' implies having money to leave to heirs, which means at least some capital gains in a 'taxable' account need not be realized by the accumulator, and basis reset to market value at death (assuming current law) means heirs don't realiz...
by cherijoh
Sat May 09, 2015 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Selling condo should I replace carpeting?
Replies: 15
Views: 1560

Re: Selling condo should I replace carpeting?

We are selling our condo. Bought in 2007 for $225k selling for approximately $140k (ouch). There is tired wall to wall carpet in living room and stairs - after shampooing carpet old stains come back, not glaring but noticeable if you look closely. One realtor said just clean do not replace as buyer...
by cherijoh
Sat May 09, 2015 12:48 pm
Forum: Personal Consumer Issues
Topic: Selling house; what to fix, what to leave?
Replies: 26
Views: 2173

Re: Selling house; what to fix, what to leave?

I agree that consulting several realtors about what would make sense to do before putting it on the market is an excellent idea. They are familiar with all the pluses and minuses of the other houses that your potential buyer will be visiting. They will know what is an absolute turn off vs. something...
by cherijoh
Sat May 09, 2015 11:24 am
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 130
Views: 14580

Re: much ado about coasting (through life)

If you end up with too big of a gap between your last job and your next one, you may find it very difficult to get another job of any kind. It is similar to a house that has been on the market a long time - the assumption is that there must be something wrong with it. You will be asked to explain a...
by cherijoh
Fri May 08, 2015 6:05 pm
Forum: Investing - Theory, News & General
Topic: Stop contributions to retirement accts due to future RMDs
Replies: 77
Views: 5360

Re: Stop contributions to retirement accts due to future RMDs

Well, it is an interesting question, and one I have been wondering about as well. I think there is probably some formula we could devise that would provide the break even point. We would have to make assumptions about average annual return and tax rates - I'd assume current rates & rules contin...
by cherijoh
Fri May 08, 2015 5:55 pm
Forum: Investing - Theory, News & General
Topic: Stop contributions to retirement accts due to future RMDs
Replies: 77
Views: 5360

Re: Stop contributions to retirement accts due to future RMDs

Hello everyone, been taking in a lot of information and decided to do my first post since I do not recall any discussions on this topic. Had a co-worker and friend, in their early 70’s and taking RMD. They said in hindsight, they would have stopped contributing to retirement plans due to RMD’s. The...
by cherijoh
Fri May 08, 2015 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 130
Views: 14580

Re: much ado about coasting (through life)

Im in a situation where Im not FI yet, but I have done the majority of the work to get there. Im 33, single, minimalist, no plans for kids, or marriage, no tie downs, no debt, no mortgages, no student loans, no obligations, etc. My life has gone exactly the way I engineered it to go. I have some mo...
by cherijoh
Wed May 06, 2015 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Any circumstances when a home seller gives a buyer a check
Replies: 16
Views: 1706

Re: Any circumstances when a home seller gives a buyer a check

I'd love your insights. After an inspection, our home buyer asked for repairs of three issues. We obtained an estimate for the work, then offered to give a credit for half of this amount. The agent (who represents us both) told us that the buyer wants more than half, more than 2/3. To help move the...
by cherijoh
Wed May 06, 2015 7:28 pm
Forum: Forum Issues and Administration
Topic: Submission Misfire on this Board
Replies: 7
Views: 583

Re: Submission Misfire on this Board

I'm sure that is what happened. I spent a long time on it. Login time must have a short life. Thanks for the info. If I do it again, I'll try the preview trick. Do any of you happen to know how long we can stay on before being logged out by the site? Many thanks Winsome Did you check "remember...
by cherijoh
Wed May 06, 2015 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parent not interested in setting up POA etc
Replies: 26
Views: 2819

Re: Aging parent not interested in setting up POA etc

Do you have YOUR financial house in order with POAs, health care directives, etc.? If so, could that be a springboard to the discussion? If not, you should get them drawn up and let her know. That might help diminish the concern that this is a sign she is giving up her independence as she ages.
by cherijoh
Wed May 06, 2015 6:39 am
Forum: Investing - Help with Personal Investments
Topic: Budget allocation between LARGE student loan burden and Retirement_Updated details
Replies: 26
Views: 2169

Re: Budget allocation between LARGE student loan burden and Retirement

Your financial planner has a conflict of interest in providing this advice - the more you pay down the loan, the less money you invest with them and the lower their fees. Why are you using them in the first place? Also, why do you have a taxable account with stocks and bonds? If intended for a short...

Go to advanced search