Search found 1569 matches

Go to advanced search

by cherijoh
Fri May 29, 2015 5:00 am
Forum: Investing - Theory, News & General
Topic: Vanguard Help - Need Sweep Account
Replies: 2
Views: 221

Re: Vanguard Help - Need Sweep Account

Do you have a VG MM fund in a taxable account? Mine is listed in my account overview and directly below "Vanguard Prime Money Market Fund" it states "Sweep Account" with the acct number. I do have a brokerage account, so maybe that is why the account is designated as "sweep&...
by cherijoh
Fri May 29, 2015 4:33 am
Forum: Personal Consumer Issues
Topic: Should I shorten my last name?
Replies: 63
Views: 4256

Re: Should I shorten my last name?

More seriously, I feel for you, one of my colleagues had the same predicament (some names from India tend to be VERY long), and he ended up asking everybody to call him "Dilip P" (without the 20-ish letters that followed). And I always wondered how he dealt with administrative forms. One ...
by cherijoh
Fri May 29, 2015 3:53 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify or pursue a financial advisor?
Replies: 13
Views: 1581

Re: Should I simplify or pursue a financial advisor?

You don't need an advisor for investment advice. You may benefit from a financial planner for matters like estate planning, asset protection, and long term care planning. But in terms of investments, a financial investment advisor would likely make things worse, not better. This isn't necessarily t...
by cherijoh
Fri May 29, 2015 3:17 am
Forum: Investing - Help with Personal Investments
Topic: Which international funds to buy in a taxable account?
Replies: 2
Views: 220

Re: Which international funds to buy in a taxable account?

Hi all, Just wanted to ask---what international funds would you buy for a taxable account and why? I have been reading the wiki and another detailed post regarding the question if we need international funds for our portfolios for diversification and risk reduction. I am 50 years old and think that...
by cherijoh
Fri May 29, 2015 3:09 am
Forum: Personal Finance (Not Investing)
Topic: Saving Strategy Help
Replies: 3
Views: 215

Re: Saving Strategy Help

It doesn't sound like an emergency, so I don't think I would stop my retirement saving to put money into a new car fund. Unless your credit is lousy, a new car loan can be had for low interest rates these days. At the risk of Dave Ramsey coming over to my house to beat me up , I would put less mone...
by cherijoh
Thu May 28, 2015 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: "Retiring" and Age Discrimination
Replies: 24
Views: 2268

Re: "Retiring" and Age Discrimination

So I have a question for the board members that are more informed about this sort of thing than I am. My company (a large, public corporation) has been restructuring itself for some time now. There have been targeted layoffs but within my group (considered part of the core compentency of the compan...
by cherijoh
Thu May 28, 2015 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: No debt. Maxed out retirement and Roth. Help!
Replies: 6
Views: 648

Re: No debt. Maxed out retirement and Roth. Help!

We are so lucky to have this "problem" but we do not know where to go from here. I am a faithful reader of Fat Wallet and they refer people over to this site to help with specifics. However, some of the posts are like reading a different language. I never realized how little I know. So th...
by cherijoh
Tue May 26, 2015 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance as college saving
Replies: 13
Views: 716

Re: Life insurance as college saving

I'm really confused, o.p. How will the life insurance pay for college? Are you planning on dying? I think the OP means putting an investment inside a life insurance wrapper then borrowing against the cash value to pay for the kid's education. Bad idea. But additional term life insurance is probably...
by cherijoh
Tue May 26, 2015 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Early/Earlier/Earliest Retirement?
Replies: 26
Views: 3558

Re: Early/Earlier/Earliest Retirement?

I have two pensions - one I am eligible for at age 55 in the amount of $600/month. This pension is not COLA'd. I have a federal government pension that I can begin taking at age 62. Accrued value now is around $750, obviously as each month goes by, this number grows - at the current rate, it is gro...
by cherijoh
Mon May 25, 2015 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Early Retirement (@50)?
Replies: 12
Views: 2044

Re: Portfolio Review - Early Retirement (@50)?

Home is currently worth 450k. Not planning on taking a 300k mortgage. Planning on using next 300k of portfolio appreciation to finance. Willing to take some part time work myself (hr block or the like); or even the right job, just nothing lined up. And to me "retirement" its not about nev...
by cherijoh
Mon May 25, 2015 11:47 am
Forum: Personal Consumer Issues
Topic: Viking river Cruise - Budapest to Nuremberg
Replies: 11
Views: 1562

Re: Viking river Cruise - Budapest to Nuremberg

Hi forum friends: Well my father and stepmom finally took my advice and surprised me greatly. They called to tell me they decided to take a river cruise. It shocked me but I'm delighted. I was trying to get them to do something they would enjoy or even travel 400 miles to see family. And they seeme...
by cherijoh
Mon May 25, 2015 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 31
Views: 1803

Re: Allocation with large holding in single stock

They might enjoy reading "Why Smart People Make Big Money Mistakes" by Gilovich and Belsky. I believe the book starts with something that should grab their attention. Their investing may not be perfect, but it's hardly a big mistake a) having had faith in APPL & b) accumulating so muc...
by cherijoh
Mon May 25, 2015 9:17 am
Forum: Personal Consumer Issues
Topic: Any solo retired RVer's out there?
Replies: 27
Views: 2563

Re: Any solo retired RVer's out there?

I have a friend who chose to do it full time in retirement with her husband and dog and they love it. They have a truck and 5th wheel vehicle and like to stay in national and state parks. They have met some interesting people on the road. But they tested it out with a 6-week cross country trip in a ...
by cherijoh
Sun May 24, 2015 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute a credit card payment or not
Replies: 22
Views: 1754

Re: Disput a credit card payment or not

When you dispute a charge on your credit card, it is put in the "dispute" category. You don't have to pay it while in this category and it won't count towards interest charges in the interim. But then they contact the merchant and if the merchant can provide evidence that the purchase did ...
by cherijoh
Sun May 24, 2015 1:14 pm
Forum: Investing - Theory, News & General
Topic: Let's hear your Dave Ramsey success stories
Replies: 79
Views: 11781

Re: Let's hear your Dave Ramsey success stories

I really don't understand all the anti Dave criticism on the bogelheads forums. He's not every bodies cup of tea, but nobody is. Lots of folks here don't need his advice, and that's okay too. A lot of people here don't agree with Jack Bogels principals 100% either. By and large though, his message ...
by cherijoh
Sun May 24, 2015 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Early Retirement (@50)?
Replies: 12
Views: 2044

Re: Portfolio Review - Early Retirement (@50)?

Notes : 1. Want to “retire” by end of year (very conscious of the OMY trap) 2. Planning for 52k/yr in expenses 3. Wife (44) will keep working part-time for ~6 more years (at 30k/yr) 4. Education funds (529s) set-up for both kids (9 & 5) 5. Want to have 300k more to add second story to house (by...
by cherijoh
Sat May 23, 2015 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard automatically convert to Admiral class shares?
Replies: 34
Views: 3322

Re: Will Vanguard automatically convert to Admiral class shares?

Hmmm, I was wondering how exactly you declare what you bought (how many shares of what you bought at what price), but looking at the forms it seems that detail is not needed. When Vanguard converts they convert each share purchase individually. They change their records and show the Admiral cost fr...
by cherijoh
Sat May 23, 2015 8:16 am
Forum: Personal Consumer Issues
Topic: Trip Insurance
Replies: 35
Views: 1556

Re: Trip Insurance

FYI, one of my neighbors lost her husband about 10 - 12 years ago as a result of him contracting Hep C while in a third world country. I do think they have improved treatments since then, but I still wouldn't take the risk of getting stuck in an African hospital. Then never travel to Africa. No ins...
by cherijoh
Sat May 23, 2015 7:53 am
Forum: Personal Consumer Issues
Topic: Trip Insurance
Replies: 35
Views: 1556

Re: Trip Insurance

To each his own indeed. There is no way I would have taken a trip to Africa WITHOUT trip insurance and emergency evacuation protection, considering the state of hospitals and the high HIV and Hepatitis C infection rates in Africa. You do know, if you've been to Africa that you are required to get H...
by cherijoh
Sat May 23, 2015 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Might sell house to a friend. What is fair?
Replies: 30
Views: 2075

Re: Might sell house to a friend. What is fair?

Unless you are truly close friends and not just good acquaintances I will guess that there is a 50% chance you will no longer be friends with these people after the transaction is complete. Those odds are even higher if they about 10% short of being able to afford your house and you don't cut them ...
by cherijoh
Sat May 23, 2015 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs Backdoor
Replies: 8
Views: 747

Re: Roth 401K vs Backdoor

I contribute after-tax dollars to a Roth 401K. I also recently started using the Roth backdoor (traditional after-tax IRA to Roth IRA conversion) since my income is over the conventional Roth IRA limits. Question - do the Roth 401K contributions in any way limit the backdoor scheme? I asked my advi...
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: 52
Views: 3901

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: 73
Views: 4217

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: 1664

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: 3638

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: 3512

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: 3512

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: 442

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: 35
Views: 1556

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: 35
Views: 1556

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: 1842

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: 2227

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: 3257

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: 1151

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: 1355

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: 8521

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: 830

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: 4443

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: 159
Views: 7476

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: 723

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: 819

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: 503

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: 736

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: 1961

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: 995

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: 9705

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: 1424

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: 2162

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: 2289

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: 466

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 ...

Go to advanced search