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Re: Travel Insurance

Check out tripinsurancestore.com. Call them up and discuss your situation. They are a reputable firm (as far as I read on the internet on a big cruising site :D ). We used them for our upcoming cruise and for another one in 2016. Do so asap as you might need to be covered for pre existing condition...
by cherijoh
Sun Dec 21, 2014 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance
Replies: 8
Views: 369

Re: Major Life Decision -- Do we need to keep working?

I guess this comes down to a question of whether it is reasonable or foolish for us to try to semi-retire at such an early age with the amount of money we have. On the one hand, I feel as though for a long time I did something that I didn’t really want to do (the overseas work) in order to amass a ...
by cherijoh
Sun Dec 21, 2014 9:52 am
 
Forum: Personal Consumer Issues
Topic: Major Life Decision -- Do we need to keep working?
Replies: 46
Views: 3167

Re: Charitable contribution timestamp

I have mailed checks to charities near the end of the year and received acknowledgements from the charities with some showing the date of the check and others showing the date that they opened the envelope (i.e., the next year). My company does matching gifts, so I have also had a copy of the matchi...
by cherijoh
Sun Dec 21, 2014 8:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Charitable contribution timestamp
Replies: 6
Views: 272

Re: High(ish) earner; spending too much?

How do you spend 50k on vacations? Heh, well... mostly expensive plane tickets and hotels, plus dining and transport and incidentals. E.g. 2x business class tickets + staying at hotels like the Four Seasons, Peninsula, Mandarin Oriental, Oetker Collection, Rosewood, etc. E.g. 2x business class tick...
by cherijoh
Sat Dec 20, 2014 9:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 70
Views: 8153

Re: 1 rollover per year?

I have seen this "report" which is not true. If one goes to the IRS web site and reads about this, one can see that trustee-to-trustee rollovers are not affected. Nor are conversions to a Roth IRA. Here you go: http://www.irs.gov/Retirement-Plans/IRA-One-Rollover-Per-Year-Rule I even saw ...
by cherijoh
Sat Dec 20, 2014 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1 rollover per year?
Replies: 17
Views: 733

Re: 1 rollover per year?

Some institutions charge for doing a direct transfer or for cutting a check made out to the new custodian. They may not charge for cutting a check made out to you so the rollover may be a way to save $30 or so. The custodian has to withhold for taxes when you take a rollover, but not for a trustee-...
by cherijoh
Sat Dec 20, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1 rollover per year?
Replies: 17
Views: 733

Re: Cooking Lessons

If you wife will tolerate you in the kitchen I bet she would appreciate it more it you just start helping her in the kitchen throughout the year. Once you felt you have learned all you can then branch out for more training. Cooking is just following instructions. You will make mistakes, hopefully t...
by cherijoh
Sat Dec 20, 2014 10:33 am
 
Forum: Personal Consumer Issues
Topic: Cooking Lessons
Replies: 10
Views: 828

Re: Don't be tempted to buy your teen a cheap (old) car, par

A link to the study and not a report of the study: http://injuryprevention.bmj.com/content/early/2014/12/02/injuryprev-2014-041401.full.pdf+html The abstract ends with: Few teenagers’ vehicles had electronic stability control or side airbags as standard features. Parents should consider safety when...
by cherijoh
Sat Dec 20, 2014 10:25 am
 
Forum: Personal Consumer Issues
Topic: Don't be tempted to buy your teen a cheap (old) car, parents
Replies: 57
Views: 3753

Re: How FINRA saved my Grandma's bacon

your grandma should also sue the broker. he probably already ripped her off a good deal. No previous relationship. If you can believe it, this all happened in their first meeting. How did your Grandmother find this broker or he find her? My mother, when she was living, had a problem hanging up on c...
by cherijoh
Mon Dec 15, 2014 6:55 pm
 
Forum: Investing - Theory, News & General
Topic: How FINRA saved my Grandma's bacon
Replies: 21
Views: 2013

Re: 6 years into career, finally time to address the unavoid

Traditional 401(k) contributions lower your AGI, but IRA contributions do not. When you're within the child tax credit phaseout, that's like an extra 5% marginal tax. If you meant Roth IRA contributions don't lower AGI, then you are correct. But a traditional deductible IRA contribution does count....
by cherijoh
Sun Dec 14, 2014 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: 6 years into career, finally time to address the unavoidable
Replies: 28
Views: 4589

Re: Retirees: Withdrawals by time and amount

I have a question, related to the above: "If I had to sell stock, the total would be counted for the ACA MAGI. Although capital gains would be fed-tax-free in my low bracket, my ACA benefits would not be nearly so sweet" I'm recently semi-retired. have just applied for health insurance. A...
by cherijoh
Sun Dec 14, 2014 10:01 am
 
Forum: Investing - Theory, News & General
Topic: Retirees: Withdrawals by time and amount
Replies: 36
Views: 3430

Re: Does 80/20 have more risk or volatility than 60/40?

Some people say a factor in deciding stock to bond ratio is based on risk tolerance. But is that actually the case for a person planning to hold an investment for 30-70 years? Is it more a matter of volatility tolerance and the ability to avoiding selling funds based on volatility? I am new here an...
by cherijoh
Sat Dec 13, 2014 10:14 am
 
Forum: Investing - Theory, News & General
Topic: Does 80/20 have more risk or volatility than 60/40?
Replies: 25
Views: 2661

Re: Master degree in Math

I'm thinking about going back to school for a master degree in math. I have a bachelor degree in business. I talked to the professor at the university. He looked over my record and I just need calculus i, ii and iii. I can take them at the local community college. My employer will pay 50% and I wil...
by cherijoh
Sat Dec 13, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Master degree in Math
Replies: 43
Views: 3597

Re: Credit Card Fraud - Need Advice

As a previous poster noted, ATM and credit cards are easily duplicated, and no PIN is required to use a credit card. Was the Walmart where the transactions occurred outside your normal area of travel? The fraud detection departments of my credit cards seem to be pretty good at picking up on this. I...
by cherijoh
Sat Dec 13, 2014 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud - Need Advice
Replies: 36
Views: 4213

Re: W2 & 401k Tax Estimate

Hello everyone, I'm early semiretired and collecting, trying to keep my SS benefits under control and on a fast track to determine a 401k distribution (mortgage reduction) and stay in the 15% bracket. Used a calculator here - http://obamacarefacts.com/insurance-exchange/calculating-tax-credits / - ...
by cherijoh
Fri Dec 12, 2014 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: W2 & 401k Tax Estimate
Replies: 4
Views: 482

Re: What would you change about your retirement plan at work

I work for a megacorp and have some good options at low cost in the 401k plan. It includes Vanguard Institutional Index (S&P 500), VG Extended Market index, VG Bond Index, VG International Stock Index and VG Tips. Employer match is 1:1 up to 5% employee contribution. We also have a 2% direct emp...
by cherijoh
Fri Dec 12, 2014 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: What would you change about your retirement plan at work?
Replies: 23
Views: 1466

Re: help! suspicious call asking about my SS application

As a general rule, do NOT respond ever to anyone who calls you requesting banking, financial or personal identity information. If you think they are legitimate, get an extension number or id number for THEM, and call back to a KNOWN phone number that you lookup yourself. Never assume a number they ...
by cherijoh
Fri Dec 12, 2014 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: help! suspicious call asking about my SS application
Replies: 12
Views: 1423

Re: Do RMDs at 30 years old affect typical investment guidel

Most of my angst comes from what will happen when the RMDs get into the 6 figures, and really what I should be doing now to minimize my tax liability. Be sure that your RMD numbers are correct. If your RMD's will actually be that large then there could be significant estate tax issues that might be...
by cherijoh
Sat Dec 06, 2014 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Do RMDs at 30 years old affect typical investment guidelines
Replies: 13
Views: 1642

Re: How to find refundable airfare or open ticket ?

I'm sorry for your loss.
by cherijoh
Sat Dec 06, 2014 9:06 am
 
Forum: Personal Consumer Issues
Topic: How to find refundable airfare or open ticket ?
Replies: 17
Views: 1473

Re: Why is Dave Ramsey wrong?

I tell you my own experience, I came to the USA when I was 30 years old. When I came I wanted to learn and get some good advice about finances in here since I realized that a lot of that in USA is DIY (in Europe it is a lot of "The-Gov't-Does-It-For-You", you don't need to worry that much...
by cherijoh
Fri Dec 05, 2014 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Dave Ramsey wrong?
Replies: 73
Views: 9986

Re: Suddenly Retired, do I have enough?

Thanks again for that. I will see if I can find that data. We are toying with the idea of moving to the Atlanta suburbs where we know some people. An earlier poster says I should reduce my stock holdings. But this is a WWJD (what would Jack do?) question. Jack Bogle says to consider fixed income as...
by cherijoh
Fri Dec 05, 2014 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suddenly Retired, do I have enough?
Replies: 42
Views: 6807

Re: Suddenly Retired, do I have enough?

My budget shows that we spend about $10,000/month (which includes a $3000/month mortgage payment with $2000 P+i, $1000 property tax + Insurance, only 4 years in to a 30 year mortgage, so basically forever. That is $120,000 a year after taxes so I would guess that you might need $180,000 a year in i...
by cherijoh
Fri Dec 05, 2014 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suddenly Retired, do I have enough?
Replies: 42
Views: 6807

Re: Youngster talented in science and math

I have friends whose kids got interested in Robotics at that age - they got involved in competitions through their schools. This encompasses mechanic and electrical engineering, physics, computer coding etc. At least two of the kids are now in STEM fields (Science, technology, engineering, and math ...
by cherijoh
Thu Dec 04, 2014 7:32 pm
 
Forum: Personal Consumer Issues
Topic: Youngster talented in science and math
Replies: 47
Views: 3301

Re: Help with Roth / Non Deductible Contrib Limits

One of my good friends is looking to max out his retirement this year after having some fairly large expenses last year and being unable to do so. I wasn't sure how to correctly answer his question so I figured I would turn to the wisdom of everyone here. If I understand correctly, they can do the ...
by cherijoh
Thu Dec 04, 2014 7:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with Roth / Non Deductible Contrib Limits
Replies: 3
Views: 208

Re: Do we have too much house?

We stretched four years ago when we bought our house, which we love, and it definitely pushed us to increase our income, but I still have a nagging feeling that we are making things harder on ourselves than they need to be by being in the house. Home value: Zestimate 893K, Trulia 802K. Current mort...
by cherijoh
Wed Dec 03, 2014 8:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Do we have too much house?
Replies: 45
Views: 4448

Re: Selling a rented house

I figured out a while ago that I want to get out of the rental real estate business. I've been selling off properties as they become vacant. One left. The tenant is an excellent tenant who has rented the property since 2003. I feel bad thinking about kicking her out. I've never even raised her rent...
by cherijoh
Sun Nov 30, 2014 2:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling a rented house
Replies: 39
Views: 3086

Re: Fidelity's retirement savings guideline-Only need 8x sal

I suggest you read the whole piece https://www.fidelity.com/viewpoints/retirement/8X-retirement-savings The devil is in the details. They are assuming a consistent 5.5% return on your portfolio each and every year. The 4% safe withdrawal strategy includes back-testing against a scenario with a sign...
by cherijoh
Sun Nov 30, 2014 1:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity's retirement savings guideline-Only need 8x salary?
Replies: 45
Views: 5098

Re: Tricky job offer

On the other hand I have an opportunity to work in a rapidly growing company nearby running one of their few business units. It is more employees (150)much closer to home and about $20k more annually. It would be longer hours at work, some Saturday's but less travel. The biggest difference is the o...
by cherijoh
Sun Nov 30, 2014 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tricky job offer
Replies: 17
Views: 2763

Re: IRA 100% bonds inevitable??

Savings bonds for people in their 20s may not make the most sense. In 30 years they should be in peak earning years meaning they would avoid paying tax today at a lower rate to pay taxes 30 years in the future at what will probably be a higher rate (based on income and ignoring changes in tax rates...
by cherijoh
Sun Nov 30, 2014 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA 100% bonds inevitable??
Replies: 46
Views: 3808

Re: What to measure as to "tightening the belt"

As an example, our spending so far this year is about $35,000 over budget yet our spendable assets has actually increased. So, if we have more to be able to spend, maybe we should. Are you prepared to cut your spending by a commensurate amount when your nest egg has shrunk due to a poor stock marke...
by cherijoh
Sun Nov 30, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: What to measure as to "tightening the belt"
Replies: 11
Views: 1279

Re: IRA 100% bonds inevitable??

Hi Everlearning, Do you not have a 401(k), 403(b), or similar workplace retirement account? I hold my bonds in my 401(k), and use my Roth for small value (highest expected return, though of course that could easily go awry). NightOwl +1 At some point in your career you will likely have access to a ...
by cherijoh
Sun Nov 30, 2014 10:31 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA 100% bonds inevitable??
Replies: 46
Views: 3808

Re: Odd Issue with a Best Buy Return

I agree this is strange. In my experience a store usually asks if you want the credit back on the card, or sometimes cash or store credit. Any way, they discuss how you are getting the credit. I would guess it was an inexperienced sales person. Or an experienced one, who was taking short cuts by no...
by cherijoh
Sun Nov 30, 2014 10:22 am
 
Forum: Personal Consumer Issues
Topic: Odd Issue with a Best Buy Return
Replies: 59
Views: 5181

Re: Am I a job hopper?

I'm 37 and am on job #8 (career #2), soon to be applying for job #9. One was for a move outside my control, one was a management directed reassignment (job went away), one was for a career change, and the rest were to take promotions. Just looking at the numbers might imply job hopping, but the las...
by cherijoh
Sun Nov 30, 2014 9:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I a job hopper?
Replies: 50
Views: 4586

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: 1266

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: 7859

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: 5522

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: 6248

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: 10854

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: 5097

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: 10854

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: 2049

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: 10854

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: 9624

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: 2217

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: 2211

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: 7559

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: 2467

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: 2296

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: 2927

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: 5063
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