Search found 1723 matches

by cherijoh
Sun Jul 26, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Tax question- One time Consulting 1099 payment
Replies: 10
Views: 578

Re: Tax question- One time Consulting 1099 payment

I had a month between leaving my old job and starting my new one. During that time I engaged in a bit of consulting work- stayed busy- and just received my first and last payment for the work for a substantial amount. Over $20k. I am unclear as to whether I should go to DirectPay and pay my portion...
by cherijoh
Sun Jul 26, 2015 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard's Automatic RMD Service - Four Options
Replies: 15
Views: 1346

Re: Vanguard's Automatic RMD Service - Four Options

Did you try to leave the % blank for the fund from which you want to take no distribution, but make sure that the other percentages total 100%? I know this seems silly, but it sounds like the programmer put a data validation check that any entry must be > 0 and <=100% under the assumption that if y...
by cherijoh
Sun Jul 26, 2015 8:43 am
Forum: Personal Finance (Not Investing)
Topic: How much does Property Tax factor in home purchase?
Replies: 36
Views: 2550

Re: How much does Property Tax factor in home purchase?

Where I live, property tax is based on the sales price and from there can be raised a max of 3% a year. So the actual taxes paid for houses in the same neighborhood vary greatly, even if the homes are approximately the same resale value, depending on what people paid for their home. Folks who have ...
by cherijoh
Sun Jul 26, 2015 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 25
Views: 1783

Re: Unequal estimated tax payments

As has been suggested, the underpayment penalties are often small enough that it is more expensive in time and headache to try to figure out the rules than to just pay it. I believe my penalty two years ago was around $45 because I did not meet safe harbors and did not bother to pay any estimated t...
by cherijoh
Sat Jul 25, 2015 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: How much does Property Tax factor in home purchase?
Replies: 36
Views: 2550

Re: How much does Property Tax factor in home purchase?

Him: Age=35, Income=130K Her: Age=30, Income=95K Tax: Married-Filing-Jointly, 28% Bracket, Illinois Status: Renting at $1500/month. Planning to buy first-home, One toddler, planning another kid next year Hi, We are looking to buy our first home in suburbs near Chicago at a budget of around $400k. W...
by cherijoh
Sat Jul 25, 2015 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's Automatic RMD Service - Four Options
Replies: 15
Views: 1346

Re: Vanguard's Automatic RMD Service - Four Options

Did you try to leave the % blank for the fund from which you want to take no distribution , but make sure that the other percentages total 100%? I know this seems silly, but it sounds like the programmer put a data validation check that any entry must be > 0 and <=100% under the assumption that if y...
by cherijoh
Sat Jul 25, 2015 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to 3 fund portfolio and "correcting" for limited 401k offerings without sacrificing simplicity
Replies: 4
Views: 281

Re: Moving to 3 fund portfolio and "correcting" for limited 401k offerings without sacrificing simplicity

After thinking about it for a few months, I've been convinced that I should drop the 6-fund approach I've taken for the last five or six years (essentially David Swenson's lazy portfolio) and move to a three-fund portfolio. I'd keep my existing asset allocations carton of 30% bonds with 35% US stoc...
by cherijoh
Sat Jul 25, 2015 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: I'm a spender?
Replies: 44
Views: 5755

Re: I'm a spender?

A trick I also find helpful is to put online items being considered in shopping basket or wish list, close computer and walk away. Don't go back to site for 24+ hours and then ask, "Do I really need this? Now? What will change in my life by getting this? What will change without this item? Is ...
by cherijoh
Sat Jul 25, 2015 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Rental with heavy appreciation and decent cash-flow – sell or keep?
Replies: 14
Views: 1381

Re: Rental with heavy appreciation and decent cash-flow – sell or keep?

The answer may depend to some extent on what the rest of the OPs portfolio looks like. +1 This question cannot be answered in isolation. What is the balance between your liquid and illiquid assets? Did you buy another property to live in or are you renting? If you decided to buy a house, do you hav...
by cherijoh
Sat Jul 25, 2015 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Inexperienced Trustee
Replies: 53
Views: 3410

Re: Inexperienced Trustee

Thank you everyone! I will do the recommended reading and watch the videos, and check out the beginners page. I will pull the plug on the advisor by the end of September seeing as how they collected their quarterly fees in advance (based on the value at the end of a quarter). That should give me ti...
by cherijoh
Sat Jul 25, 2015 8:13 am
Forum: Personal Consumer Issues
Topic: Easy lunch brownbag ideas
Replies: 32
Views: 3004

Re: Easy lunch brownbag ideas

For a side we put plain Greek yogurt in a cup. Then separately put a topping of flax seed, bran, walnuts, and mini chocolate chips to add when eating . Then throw in an apple and granola bar. To drink we have a low sodium V8. My favorite grocery makes up yogurt parfaits and charges a top price, but...
by cherijoh
Sat Jul 25, 2015 7:58 am
Forum: Personal Consumer Issues
Topic: Easy lunch brownbag ideas
Replies: 32
Views: 3004

Re: Easy lunch brownbag ideas

<Not a huge fan of salads, but ok with bean salads/carb based ones> I have a black bean salad recipe that came from a favorite restaurant (now out of business :( ). This is my favorite covered dish to bring to a summer cook-out. It calls for cooking the black beans, but I just used canned beans. It...
by cherijoh
Fri Jul 24, 2015 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 25
Views: 4539

Re: Can I retire early?

Thanks for the replies! No pensions - we will have SS of about $40k between us. We have budgeted $115k of expenses annually in retirement (mortgage will be paid off.) It does seem a large drop, but my wife has only recently been earning at this level - previously her salary was a lot lower. thanks!...
by cherijoh
Thu Jul 23, 2015 8:20 pm
Forum: Personal Consumer Issues
Topic: Asking for separate checks?
Replies: 75
Views: 5381

Re: Asking for separate checks?

I have friends from the Northeast who are amazed that restaurants will even do separate checks, but that is pretty common down here. Although if I'm going out with a larger group, I always check in advance. (It is usually only an issue if trying to split more than 5- 6 ways). I also mention it to th...
by cherijoh
Wed Jul 22, 2015 7:55 am
Forum: Personal Finance (Not Investing)
Topic: First home purchase -- need help
Replies: 4
Views: 615

Re: First home purchase -- need help

Dear Bogleheads, I kindly ask for some help analyzing my situation: My family (wife and baby) are moving back to Mass from overseas in three weeks and don't have a place to live. Boston rent is high. Places we find desirable run about $2,500 or $2,650 p/month. We planned to rent while searching for...
by cherijoh
Wed Jul 22, 2015 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA Question
Replies: 20
Views: 1109

Re: Rollover IRA Question

Thanks retiredjg - its starting to make more sense. I guess the question now is do i open a Roth IRA and keep the tIRA as well. Can i make contributions to both? is it generally a good idea to have both? You can have both, but the sum of all contributions to traditional and Roth IRAs cannot exceed ...
by cherijoh
Tue Jul 21, 2015 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalance after tax-advantaged counts are maxed?
Replies: 7
Views: 396

Re: Rebalance after tax-advantaged counts are maxed?

Okay, that makes sense. How do you determine what new 401(k) contributions should be? At the moment I just have it line up with my asset allocation. I understand that I could rebalance the money that is already in the 401(k), but don't understand how to effectively use new contributions. Do I just ...
by cherijoh
Tue Jul 21, 2015 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 10576

Re: How do people afford children with a SAHS?

All, I am struggling to understand how people feasible afford 1 child, let alone multiple children with a SAHM. I have just turned 26 and my wife will be turning 26 within 3 months so we are starting to clean up finances and get everything together. We want to be done having children before 30. Inc...
by cherijoh
Tue Jul 21, 2015 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bridge loan vs paying cash
Replies: 21
Views: 1725

Re: Bridge loan vs paying cash

This can't be right. If this were the case, if I had a year of ($0) income and realized $1M of LT capital gains, I would still be in the 15% bracket? -> gives me no tax on that gain? I agree with your use of the terminology. I've noticed in previous discussions that Twobyfour uses the terms differe...
by cherijoh
Mon Jul 20, 2015 6:33 am
Forum: Personal Consumer Issues
Topic: Replacing wireless router - advice needed
Replies: 21
Views: 2100

Re: Replacing wireless router - advice needed

Even though my cable modem is one I bought in June 2006, my wireless access point -- an 802.11N from monoprice -- has worked very well for me. I've had it for almost four years. On that note, I probably should replace my Cable Modem at some point, but making sure I get one that Time Warner will all...
by cherijoh
Sun Jul 19, 2015 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Do I Really Need a Financial Advisor?
Replies: 44
Views: 2974

Re: Do I Really Need a Financial Advisor?

You mention that you have opened up a Roth IRA with Pershing LLC as custodian. If you haven't fully funded it for 2015 ($5.5k), you may want to open a Vanguard Roth IRA (minimum of $1k for the Target Retirement Funds) then move the Pershing Roth IRA over to Vanguard. It's better to have all your in...
by cherijoh
Sun Jul 19, 2015 9:09 am
Forum: Personal Finance (Not Investing)
Topic: honda civic or Prius?
Replies: 86
Views: 7223

Re: honda civic or Prius?

Wife can't decide. She hates the hatchback bar on the Prius. Basically, she only wants the Prius for the gas mileage. But is 3,000 worth the extra mileage. BTW, the Civic is the Ex model, and is not the hybrid. Really a better looking car. Thanks How tall is your wife? I am petite and the hatchback...
by cherijoh
Sun Jul 19, 2015 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Do I Really Need a Financial Advisor?
Replies: 44
Views: 2974

Re: Do I Really Need a Financial Advisor?

One of the fallacies that help advisors is that 1% may not seem all that high - until you consider that they are taking that based on the amount of the investment - NOT the amount that the investment earns. So if you earn 10%, you are giving up 10% of your return to your advisor, if you earn 5% you ...
by cherijoh
Sun Jul 19, 2015 7:48 am
Forum: Personal Consumer Issues
Topic: Philosophical HVAC Question: When to Replace AC/furnace
Replies: 24
Views: 1786

Re: Philosophical HVAC Question: When to Replace AC/furnace

In this case, however, there seems to be no case for replacing early, or at least not before the 20 year mark. As per others, you and a home buyer will negotiate if a replacement is needed at purchase time. SEER 13 is pretty good-- I think it still meets existing minimum standards. I think that is ...
by cherijoh
Sun Jul 19, 2015 7:18 am
Forum: Personal Consumer Issues
Topic: What to do with bill received for prior homeowner
Replies: 41
Views: 3713

Re: What to do with bill received for prior homeowner

Sheesh... Who knew you and we lived in the same letter-carrier area! I promise - we DO put those letters back out with "please deliver to correct address"! :D We also used to get mail for the wrong street number, same street name, but wrong town, wrong zipcode, not even nearby. And someti...
by cherijoh
Sat Jul 18, 2015 1:08 pm
Forum: Personal Consumer Issues
Topic: What to do with bill received for prior homeowner
Replies: 41
Views: 3713

Re: What to do with bill received for prior homeowner

Common courtesy, not the letter of the law, no pun intended, should be used here. Am somewhat surprised to see more than one poster admits to tossing and trashing others' mail. Rather cavalier, IMO. Put yourself in that position, YOUR mail could just as easily be mis=directed, would you like a stra...
by cherijoh
Sat Jul 18, 2015 8:20 am
Forum: Personal Finance (Not Investing)
Topic: losing money on a house....how do Bogleheads deal with it emotionally?
Replies: 76
Views: 6021

Re: losing money on a house....how do Bogleheads deal with it emotionally?

I'll let you know how I feel when I sell my condo. Comps in the building are selling at <50% of what I paid for mine in 2005. Not counting commissions, we are talking $70k in likely losses. My consolation is that Uncle Sam is going to share in the pain as I will book a large long term capital loss ...
by cherijoh
Sat Jul 18, 2015 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Cashing a check on a business with no bank account
Replies: 18
Views: 1177

Re: Cashing a check on a business with no bank account

Recently, I got a settlement check from the State of California as part of a class-action suit (that I wasn't even aware of) for $22 made out to Raybo Co. I went to the bank and even after showing them the Schedule C with both my name and the company's name could not get the check cashed. I would t...
by cherijoh
Sat Jul 18, 2015 7:47 am
Forum: Personal Finance (Not Investing)
Topic: losing money on a house....how do Bogleheads deal with it emotionally?
Replies: 76
Views: 6021

Re: losing money on a house....how do Bogleheads deal with it emotionally?

I'll let you know how I feel when I sell my condo. Comps in the building are selling at <50% of what I paid for mine in 2005. Not counting commissions, we are talking $70k in likely losses. My consolation is that Uncle Sam is going to share in the pain as I will book a large long term capital loss ...
by cherijoh
Sat Jul 18, 2015 7:32 am
Forum: Personal Consumer Issues
Topic: Analysis Paralysis
Replies: 10
Views: 1237

Re: Analysis Paralysis

I need a new car. We have a "family" car, so we are looking for a sedan/hatchback to just get around town. We only average ~12k miles a year so not too much time spent in cars. I can't decide how much to spend. We bought a new car last year (also out of necessity) and paid cash ($16,800) ...
by cherijoh
Sat Jul 18, 2015 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Retirement within 1 year
Replies: 33
Views: 4657

Re: Retirement within 1 year

Pension and joint social security are 52K. If/when they were your only sources of income then you would be basically free of tax - look for on line calculators for help on determining how much of social security is taxable, and what your future income taxes will be. How did you come up with the OP ...
by cherijoh
Fri Jul 17, 2015 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should severance be allowed to reduce emergency fund?
Replies: 23
Views: 2158

Re: Should severance be allowed to reduce emergency fund?

I'm in the tech industry. I've been through a layoff and I've also seen others get laid off, projects get cancelled and entire departments get shut down. In most cases people get 2 weeks pay per year of service, plus any accrued vacation time. In some cases they get 2 months up front, plus 2 weeks ...
by cherijoh
Thu Jul 16, 2015 5:55 am
Forum: Investing - Help with Personal Investments
Topic: Roth to Traditional
Replies: 10
Views: 812

Re: Roth to Traditional

Hello Everyone, I currently just got my Roth IRA switched from Colorado Bankers to Vanguard's Target Retirement 2050. I have read from numerous financial sites, that while I'm working I should be utilizing tax-deferred accounts. I am currently 26 and active duty, but will be getting out in a year t...
by cherijoh
Wed Jul 15, 2015 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Injury Settlement...what to do with it?
Replies: 25
Views: 3705

Re: Personal Injury Settlement...what to do with it?

My wife and I are both 28, 29 by the end of the year. We have 1 20 month old daughter and a second child due in November (tax break!) I currently work for a small (read: VERY SMALL) investment firm, making $37,000/yr before taxes. We live very simply, so that my wife can stay home. We own both of o...
by cherijoh
Wed Jul 15, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Need to Refi 1st Mortgage but under water $110k
Replies: 27
Views: 2285

Re: Need to Refi 1st Mortgage but under water $110k

You don't make enough make to have $1 million in mortgage payments. I know it's an unpopular idea on this board, but you'd be way better off just declaring bankruptcy and walking away from it. I doubt selling the house is even possible at this point, it sounds like a $700k house that you've managed...
by cherijoh
Wed Jul 15, 2015 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Need to Refi 1st Mortgage but under water $110k
Replies: 27
Views: 2285

Re: Need to Refi 1st Mortgage but under water $110k

I am in a heck of a bind. My wife and I took a 2nd mortgage years ago to pay off debt and pay back a 401k loan. We have a first mortgage of $723k that is an interest only ARM and the rate is about to jump to 5.5%. We cannot afford the new payment and would love to refinance to a fixed rate but have...
by cherijoh
Tue Jul 14, 2015 9:55 pm
Forum: Personal Consumer Issues
Topic: Music player while exercising
Replies: 32
Views: 1774

Re: Music player while exercising

Have you found any mp3 players with good sound that are not cumbersome while exercising? (side note: I would not use this near vehicle traffic.) I'm a huge fan of both music and hiking, so I'm seeking an upgrade. All suggestions appreciated. BFG I have the iPod Nano (6th generation) which is the sa...
by cherijoh
Tue Jul 14, 2015 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Weak-kneed
Replies: 22
Views: 3231

Re: Weak-kneed

My wife and I have reached critical mass in our savings and will start RMDs in 5 and 10 years respectively. My modest goal is to generate a 3% annual return while preserving capital. With the help of this board,I settled on VTINX (Target Income Fund) for our IRA savings, which is our retirement cor...
by cherijoh
Tue Jul 14, 2015 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: [CNBC article: Social Security Denying Delayed Benefits]
Replies: 30
Views: 4439

Re: Is this really a Problem with Social Security.....Need a Forum S.S. Expert...

Just curious about IF I told SS I wanted to change to "Own" without mentioning age [and now I will certainly make a point of it]. They'd subtract what I'd received during the previous 6 months from the lump sum if they'd send due to the backdating? My understanding is that they would send...
by cherijoh
Mon Jul 13, 2015 5:50 pm
Forum: Personal Consumer Issues
Topic: Builder wants to put a retaining wall on my property
Replies: 52
Views: 4557

Re: Builder wants to put a retaining wall on my property

They said they'll pay for it: "This private improvement is to be constructed at no cost to the OWNER of said property" But then it says: "Maintenance of this private improvement constructed on said property is to be the responsibility of the OWNER". (I haven't actually spoken to...
by cherijoh
Mon Jul 13, 2015 7:03 am
Forum: Personal Finance (Not Investing)
Topic: No Income (yet) means No Loan
Replies: 21
Views: 2018

Re: No Income (yet) means No Loan

With respect to the OP, it is hard to figure out from the information provided whether you can actually afford a second home. I would suggest doing some projections using FireCalc or another retirement calculator. If you don't feel like you have enough money to buy the house for cash, then I would ...
by cherijoh
Sun Jul 12, 2015 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home for parent
Replies: 14
Views: 1351

Re: Buying a home for parent

Buying a home for her to live in sounds like a great idea. Buying her a home is not. In a few years when she has significant underinsured medical expenses, or long term care expenses, creditors may be able to take the home. As long as you keep everything in your name, there should be no problem. It...
by cherijoh
Sun Jul 12, 2015 1:47 pm
Forum: Investing - Theory, News & General
Topic: "Helping Your Parents Financially"
Replies: 62
Views: 7772

Re: "Helping Your Parents Financially"

Just wait until they ask to move in with you. That is the point we are at now, and my in-laws have no pension and a chunk of their very small SS (FIL has 20yrs of earning history, most of it very low, and MIL never has had a job) will be garnished because FIL still has very significant student loan...
by cherijoh
Sun Jul 12, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: IRS: No more lump sum in lieu of defined benefit annuity?
Replies: 28
Views: 2854

Re: IRS: No more lump sum in lieu of defined benefit annuity?

Seems like always something. Lol So 4 years ago I retired and I opted to take the lump sum. If I understand it that account would be fine and with no restrictions right? I also am going to retire again with the same company in March and will have a retirement worth about $200,000.00. At that time I...
by cherijoh
Sun Jul 12, 2015 11:12 am
Forum: Personal Finance (Not Investing)
Topic: No Income (yet) means No Loan
Replies: 21
Views: 2018

Re: No Income (yet) means No Loan

Meg77, Just what do you mean "taxable income"? As retirees we have no earned income, but we do have federal taxable income of some $75,000 each year based on income derived from combined social security benefits, a military pension, and our required minimum distributions. Would we not be ...
by cherijoh
Sun Jul 12, 2015 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Where are people putting their investment money if they see a correction coming in US stock market
Replies: 69
Views: 7567

Re: Where are people putting their investment money if they see a correction coming in US stock market

Every financial advisor I have met with lately says the same thing - basically, there is going to be a 30-50% correction in the stock market in the next 2-3 years. My question is I want to get out of equities altogether until this correction happens. Where do you put your money then? I was thinking...
by cherijoh
Sun Jul 12, 2015 8:25 am
Forum: Personal Consumer Issues
Topic: Eating Out
Replies: 57
Views: 6860

Re: Eating Out

So I live in the greater Boston area, some of the nicest seafood you can grab. Past 4 months I have literally lived parallel to that of a college student. Nickel and dime my expenses and stayed in more than going out. Recently, I have been having an "i don't care" anymore attitude only wi...
by cherijoh
Fri Jul 10, 2015 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRS: No more lump sum in lieu of defined benefit annuity?
Replies: 28
Views: 2854

Re: IRS: No more lump sum in lieu of defined benefit annuity?

The IRS link provided by TFB only refers to Code Section 401(a)(9) which deals with lump sums in the context of RMDs not in general as an optional form of payment from a pension plan - at least that's how I read it . No, amending the RMD regs effectively puts an end to this. The IRS is revising the...
by cherijoh
Fri Jul 10, 2015 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Question - Early Retirement
Replies: 38
Views: 5040

Re: Pension Question - Early Retirement

How large is the reduction from age 65 to age 55? My back-of-the envelope math says that a "fair" reduction factor would be around 48%. So, for example, if your age 65 benefit is $1,000 per month then a "fair" payment at age 55 would be $480 each month. If they are offering you ...
by cherijoh
Fri Jul 10, 2015 11:44 am
Forum: Investing - Theory, News & General
Topic: "Helping Your Parents Financially"
Replies: 62
Views: 7772

Re: "Helping Your Parents Financially"

There is real irony in the fact that parents who live modestly (and whose children may therefore assume they will need to be supported) could in fact be in much better shape to cover their own retirement than parents living the "upper middle class" lifestyle. (A la Millionaire Next Door). ...

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