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Re: Oatmeal suggestions

After cooking steel-cut oatmeal, the leftovers can be refrigerated and then microwaved with a little water or milk. One batch lasts me several days. I like fresh blueberries or dried cranberries depending on the time of year.
by cherijoh
Tue Sep 30, 2014 7:49 am
 
Forum: Personal Consumer Issues
Topic: Oatmeal suggestions
Replies: 42
Views: 931

Re: "How Retirement Fees Cost You"

Some of the comments were pretty frightening. I agree. It floors me that people can devote hours to watching TV or posting minutia on Facebook, but think they don't have time to gain some basic financial literacy. While your advice is true, many people are poorly equipped to invest the time and acq...
by cherijoh
Tue Sep 30, 2014 7:41 am
 
Forum: Investing - Theory, News & General
Topic: "How Retirement Fees Cost You"
Replies: 20
Views: 1878

Re: Contribution limit 401k

$2k - $17.5k + your employer match. The IRS code contains two limits to a 401k. The 402g limit and the 415c limit. The 402g limit is $17.5k and anyone can contribute their pay directly towards this limit. Your plan limits you to 2%-50% of you pay here. However, the IRS imposes a hard limit which is...
by cherijoh
Tue Sep 30, 2014 6:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Contribution limit 401k
Replies: 22
Views: 1603

Re: Yet Another Pension Buyout Scenario

I've read all the various scenarios and helpful information I could find here (many thanks to everyone who's posted about these pension buyout scenarios!), but none of them seem to address a situation like mine. I'll be 50 in February, am female, and expect a long life. My single-employer, private ...
by cherijoh
Tue Sep 30, 2014 6:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Yet Another Pension Buyout Scenario
Replies: 9
Views: 415

Re: selling fund with correct cost basis method

I have a Vanguard Total Stock Market index fund, with both short-term and long-term gains. I want to as much of it as I can (for a large purchase) - but I only want to pay long-term gains. If I choose FIFO how can I know how much to see to only be liable for long-term gains? This particular fund is...
by cherijoh
Mon Sep 29, 2014 7:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: selling fund with correct cost basis method
Replies: 2
Views: 168

Re: Norwegian Airlines

If you're on the same ticket, of course you will be seated together. Not sure they would stay in business very long if they split couples and families higgledy-piggledy around the plane. You must not fly very often. Each person gets their own ticket when you fly. You can be on the same reservation,...
by cherijoh
Sun Sep 28, 2014 9:39 pm
 
Forum: Personal Consumer Issues
Topic: Re: Norwegian Airlines
Replies: 22
Views: 1763

Re: What is your best estimate of the SWR (Safe Withdrawal R

My answer: None of the choices. With a 60/40 portfolio, I would spend 5.0% of the portfolio in the first year (at 65 years old). The next year, I would spend 5.1% of the remaining portfolio (at 66 years old). And so on, according the the VPW withdrawal schedule for the selected asset allocation (60...
by cherijoh
Sun Sep 28, 2014 9:57 am
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 3740

Re: Tax Season Reference???

I'm wondering if anyone has a favorite book/reference they use during tax season. This is going to be my first year to do my own taxes with itemized deductions and investments. The book I'm currently considering is J K Lasser's Your Income Tax 2015 , when it is released in October. The reviews for ...
by cherijoh
Sun Sep 28, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Season Reference???
Replies: 13
Views: 595

Re: Order of investing [Prioritizing Investments]

One other thought is to have your wife use a traditional IRA instead of a Roth IRA, unless your believe your profile calls for prioritizing Roth contributions. With the taxes you'd save by doing Traditional instead of Roth -- around $2,300 at a 30% marginal tax rate -- you could put that into maxin...
by cherijoh
Sun Sep 28, 2014 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Order of investing [Prioritizing Investments]
Replies: 11
Views: 1071

Re: Selling car with loan.

runner9 wrote:From my first post:

Say, $20K for new car
$5K for trade in
$3K note on trade in.

20-5+2=17K. Is it that easy?

Is this correct for determining what the final bill is to pay or finance?


No. You have $3k note but are only adding $2K in the calculation.
by cherijoh
Sun Sep 28, 2014 8:47 am
 
Forum: Personal Consumer Issues
Topic: Selling car with loan.
Replies: 8
Views: 495

Re: Time Has Gone Quickly, 3 Months Till Retirement

Howdy All, Well, Hard to believe that 15 months has passed since I first posted asking for help and information about my upcoming Retirement. Here's the original post http://www.bogleheads.org/forum/viewtopic.php?f=1&t=123737 In the past months I've learned so much from this Forum and Others, a...
by cherijoh
Sun Sep 28, 2014 8:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Time Has Gone Quickly, 3 Months Till Retirement
Replies: 31
Views: 3851

Re: Time Has Gone Quickly, 3 Months Till Retirement

A 7 year cash reserve of funds seems prudent at this time - at least to me. I think you should look at your portfolio, as a whole to see what percentage you have in equities, etc. If it interferes with your sleep, you know the answer. Back in 2000 I was within a few months of retirement. Due to ext...
by cherijoh
Sun Sep 28, 2014 8:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Time Has Gone Quickly, 3 Months Till Retirement
Replies: 31
Views: 3851

Re: Help me divorce my Stocks

My name is SuperSaver, and I'm a (stock-investing) addict... I want to sell (all or almost all) individual stocks to better create a Bogleheaded-portfolio of ETF's. It's been hard for me to this because: 1. These stocks were purchased years ago by my father 2. They are good dividend producers 3. I ...
by cherijoh
Sat Sep 27, 2014 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me divorce my Stocks
Replies: 15
Views: 1296

Re: Too many houses?

Have you set aside some money outside of your 4-month emergency fund for rental-related expenses? If this emergency fund is supposed to cover both personal emergencies and unexpected expenses related to your rental property, I think 4 months is inadequate. If your residential tenant decides not to r...
by cherijoh
Sat Sep 27, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Too many houses?
Replies: 23
Views: 3520

Re: Lump Sum Package With Details

This article dates back a few years to when Ford and GM made their big push to get employees to take a lump sum or an annuity from an insurance company. But it is a pretty good overview of the decision process. I think the part I quoted is especially pertinent. http://www.kiplinger.com/article/retir...
by cherijoh
Sat Sep 27, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1492

Re: Lump Sum Package With Details

cherijoh- I think it boils down to whether you are willing to trade increased longevity and market risk for the reduced inflation risk. If we're talking about the same thing here, then yes, this is what I was mulling over last night after dinner, with my Friday cocktail. market risk = investing the...
by cherijoh
Sat Sep 27, 2014 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1492

Re: Another pension lump sum scenario

Thank you for the help. Crapshoot perfectly sums up how I feel about this. Lump sum would absolutely be rolled into a deferred account. I am worried about the risk of inflation before I retire. That and survivorship may end up pushing me to lump sum. I am trying to find out more about the pension, ...
by cherijoh
Fri Sep 26, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another pension lump sum scenario
Replies: 14
Views: 1034

Re: Pension buyout offer

Ubermax, that is what is so strange. The option to take advantage of the annuity at this higher rate requires it be started Jan 2015. There is no option to wait until 2017 or any other start date. I had planned to start drawing in 1017. So with this offer, I can start drawing 985 in Jan 2015, or wa...
by cherijoh
Fri Sep 26, 2014 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension buyout offer
Replies: 26
Views: 2249

Re: What is your best estimate of the SWR (Safe Withdrawal R

SWR is impacted by your other income. For example, I have a military pension and social security benefits that are very stable and impacted by any COLA. My SWR could be higher than it is if need be . Had I chosen a company pension over a lump sum payout when I retired twelve years ago I would have ...
by cherijoh
Fri Sep 26, 2014 5:49 pm
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 3740

Re: Lump Sum Package With Details

The lump sum offer is $121,400 or $533/month for life, starting in 45 days. I am 54 years old. Under the existing terms, I am not eligible to begin receiving payments until 11 months from now and payments would still be $533/month, so out of the box, from the monthly payment perspective, this new o...
by cherijoh
Fri Sep 26, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1492

Re: Another pension lump sum scenario

Hello all, Been lurking here for several months learning as much as I can, but have run into a deadline that I would like another opinion on. A former employer offered to buy out my meager pension and I want to make sure I'm not making a mistake. I am 39, married with kids and plan to retire / semi...
by cherijoh
Fri Sep 26, 2014 7:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Another pension lump sum scenario
Replies: 14
Views: 1034

Re: Lump Sum Offer

Starting later next year, I am eligible to begin taking early retirement , reduced pension payments from a former employer. If I wait to "normal" retirement age, which they indicate is 65, I would be entitled to more than 3 times the amount of the early retirement payments. There has neve...
by cherijoh
Thu Sep 25, 2014 7:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer
Replies: 25
Views: 2811

Re: Stubbornly Non-Boglehead Husband. What To Do?

Another important note I will add here is that he has a 7-figure job in finance, due to which we have a very substantial nest egg for our age. I make a decent 6-figure salary but most of our net worth was brought in by him. There is definitely some element in his mind of "we can afford to take...
by cherijoh
Thu Sep 25, 2014 7:55 am
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7498

Re: Stubbornly Non-Boglehead Husband. What To Do?

Is there a support group for family members of gamblers? Perhaps that would give the OP some coping strategies.
by cherijoh
Wed Sep 24, 2014 6:22 pm
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7498

Re: Blocking Your Own Name & Home Phone Number?

FTC reports that spam calls are now initiated with Caller ID of your own name and telephone number. This is a new scam. My phone has blocking capability and I am wondering it is OK to block my own telephone number? Has anyone blocked their own telephone number? You can block your phone number for o...
by cherijoh
Mon Sep 22, 2014 6:49 pm
 
Forum: Personal Consumer Issues
Topic: Blocking Your Own Name & Home Phone Number?
Replies: 16
Views: 1296

Re: Pension buyout offer

I just called them. I was told that it is a very complicated calculation that involves lots and lots of factors (in other words, I learned nothing). He insisted that the estimate of $421/month at age 65 is a very accurate number. He says they put the word "estimate" there to cover themsel...
by cherijoh
Mon Sep 22, 2014 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension buyout offer
Replies: 26
Views: 2249

Re: 3-Fund vs. Target Fund

I have been reading a bit about Target Funds. Now I am wondering what the advantages vs disadvantages of the Target Funds are. I had always thought I would just adjust a 3-fund portfolio periodically according to the allocation I wanted, but am now thinking you could do the same (maybe not as preci...
by cherijoh
Mon Sep 22, 2014 8:17 am
 
Forum: Investing - Help with Personal Investments
Topic: 3-Fund vs. Target Fund
Replies: 7
Views: 1049

Re: About to Retire, Need Help!

Desired Asset Allocation : 40% stocks, 60% bonds His TSP: 8% Government Securities (G Fund) 16% Bonds (F Fund) 4% Large-cap U.S. Stocks (C Fund) 4% Small-cap U.S. Stocks (S Fund) 8% International Stocks (I Fund) His IRA at Vanguard: 2% Total U.S. Stock Index (VTSAX) His Roth IRA at Vanguard 2% Tota...
by cherijoh
Sun Sep 21, 2014 4:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: About to Retire, Need Help!
Replies: 25
Views: 2946

Re: 401k rollover

I'm not sure I understand this. Presumably you have the 401k invested in something now. You roll it all to an IRA and invest it the same way. There is no lump sum whose asset allocation you are changing. Even if you convert the 401k to cash for the transfer, you could leave it in cash in the IRA an...
by cherijoh
Sun Sep 21, 2014 3:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover
Replies: 13
Views: 460

Re: How to achieve a balance between "saving" and "living"?!

What you are asking is the efficient frontier of happiness. If you maximize your happiness in the short term, you will run out of resources and spend the rest of your life unhappy. If you delay your gratification too much, you may reach your retirement with regrets because you are no longer young e...
by cherijoh
Sun Sep 21, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 64
Views: 6528

Re: Tiny house movement.

OP - what is your house and family situation right now? How many square feet do you have and how many children? How big is the kitchen in a 500 square foot home and can you prepare food for six in it? We probably have 500 square feet in our house devoted to kitchen/cooking and food storage (canned ...
by cherijoh
Sun Sep 21, 2014 11:20 am
 
Forum: Personal Consumer Issues
Topic: [can my family live in a] Tiny house
Replies: 60
Views: 4073

Re: When to throw out childhood toys? Encourage me please.

If one reads all the stories of folks with children who have literally nothing, it amazes me anybody would "not" call the Salvation Army<snip> I agree there are charities that take stuff but that particular one rocked up and didn't like a lot of our stuff... I mean really :oops: Had that ...
by cherijoh
Sun Sep 21, 2014 10:28 am
 
Forum: Personal Consumer Issues
Topic: When to throw out childhood toys? Encourage me please.
Replies: 34
Views: 2389

Re: Tiny house movement.

OP - what is your house and family situation right now? How many square feet do you have and how many children? How big is the kitchen in a 500 square foot home and can you prepare food for six in it? We probably have 500 square feet in our house devoted to kitchen/cooking and food storage (canned ...
by cherijoh
Sun Sep 21, 2014 9:56 am
 
Forum: Personal Consumer Issues
Topic: [can my family live in a] Tiny house
Replies: 60
Views: 4073

Re: Critique my thoughts on Real Estate Investing

I am currently considering investing approximately 30% of my portfolio into real estate. Most would be tangible, specifically duplexes (or some other multifamily residence) or inexpensive (sub $150k) single family homes. I would increase liquidity and diversification with some REIT holdings as well...
by cherijoh
Sun Sep 21, 2014 9:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Critique my thoughts on Real Estate Investing
Replies: 17
Views: 1125

Re: Do I need to send in estimated tax????

Timoneer: Today, I've request the tax change forms from my pension. I'll see if there's an option to catch up my year's withholding. Thx. Regarding your 401K withdrawal strategy. I assume you mean I could do a TIRA withdrawal that would cover my 2014 tax obligations ($2000)??? Thereby, having the $...
by cherijoh
Sat Sep 20, 2014 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I need to send in estimated tax????
Replies: 32
Views: 2021

Re: We have a grocery problem...

A great way to save money during the week would be to cook large meals on Sunday and then take them for lunch or eat them for dinner throughout the week. Some people like to use a slowcooker because they are pretty low maintenance and easy to use. Pick some things that you really like (discuss it w...
by cherijoh
Sat Sep 20, 2014 10:54 am
 
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 10580

Re: Am I being scammed? Wolf range hood, defective delivery

The missing plastic covering on the stainless front suggests this may have been a factory return. In my experience with high end stainless it always comes with protective plastic that is not removed until actual installation. Take pictures and set up an appointment date and time with the dealer. If...
by cherijoh
Sat Sep 20, 2014 9:53 am
 
Forum: Personal Consumer Issues
Topic: Am I being scammed? Wolf range hood, defective delivery
Replies: 15
Views: 1559

Re: Help! Are we making a huge mistake?

Some questions to ask yourself: 1) Why is there such a monetary reward for option #2? Is it because you have a unique skillset they really want or is it because they have to bribe people to go there? 2) What is the ex-pat community there like? Do you know anyone who works for that company in that lo...
by cherijoh
Sat Sep 20, 2014 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Help! Are we making a huge mistake?
Replies: 39
Views: 5090

Re: Savings rate, when you start, withdrawal rate > AA

I would suggest running some scenarios in a retirement calculator like FIRECALC http://www.firecalc.com/.
by cherijoh
Fri Sep 19, 2014 5:32 pm
 
Forum: Investing - Theory, News & General
Topic: Savings rate, when you start, withdrawal rate > AA
Replies: 3
Views: 455

Re: 401(k) 20% Mandatory Tax Withholding

Only rollover distributions have mandatory withholding. Not true, or at least not true when I rolled mine over 20 years ago. Nothing was withheld. 20% withholding sounds like the default withholding amount if you don't select another option. The IRS is very specific in its language and does not con...
by cherijoh
Sun Sep 14, 2014 6:39 am
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) 20% Mandatory Tax Withholding
Replies: 24
Views: 1926

Re: Don't even know where to start on this AARP article

http://i.imgur.com/mFxnN1J.png I'm not disagreeing that many people are underfunded for retirement, but these numbers are misleading. One thing this chart overlooks is that it is ONLY 401K balances and doesn't include rollover IRAs. Considering the woeful expense ratios of a lot of 401ks, there is ...
by cherijoh
Sat Sep 13, 2014 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Don't even know where to start on this AARP article
Replies: 38
Views: 4973

Re: Newbie: Is my 10 year plan going to work?

I'm a Firecalc novice but it looks like I have a 100% success rate in 8 years with a 61/39 mix of equities. Even if I make it 35% equities, it shows 100% success with a 40 year retirement. Should I lower my equity exposure even further than I currently have? http://www.firecalc.com/index.php?wdamt=...
by cherijoh
Sat Sep 13, 2014 8:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie: Is my 10 year plan going to work?
Replies: 35
Views: 3309

Re: Feeling smug until 10 year ROR from Vanguard

epilnk wrote:
asset_chaos wrote:Drat. I just looked and my personal performance calculation at Vanguard is still limited to max 5 years.


As is mine. I hope the upgrade is coming. Curious as to why they would roll this out earlier for some clients and not others.


Have you been a customer for the full 10 years?
by cherijoh
Sat Sep 13, 2014 7:50 am
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 81
Views: 7649

Re: Did Social Security make a mistake in calculating benefi

I haven't seen sscritic around here lately to comment on this, but an odd scenario just occurred to me: Suppose there are two people who were born at the same time and they are now 90 or so and have never been married. Person A worked from age 25 to 60, then retired. For whatever reason, Person B d...
by cherijoh
Sat Sep 13, 2014 7:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Did Social Security make a mistake in calculating benefits?
Replies: 14
Views: 1661

Re: Feeling smug until 10 year ROR from Vanguard

I cannot see on the Vanguard site where you find your ROR for ten years. Please inform where you find this information. Thank you. Log into your vanguard account. Go to "My Accounts" Page. Click on 2nd Tab near top labeled "Balances over Time" - Tabs are just below the large lab...
by cherijoh
Fri Sep 12, 2014 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 81
Views: 7649

Re: Clean, quiet, safe and cheap. Is there such a travel pla

Are you thinking of just living on a rural farm somewhere in the middle of nowhere? I hear this is what a farmhouse in parts of France are like. They come with a one-speed bike to ride into town for a baguette and cheese. You could do this in Iowa, too. OK, no bike, no cheese, and no baguette. Spri...
by cherijoh
Fri Sep 12, 2014 7:39 pm
 
Forum: Personal Consumer Issues
Topic: Clean, quiet, safe and cheap. Is there such a travel place?
Replies: 75
Views: 5749

Re: Quit/retire - should I do this?

I hope I addressed your question. Yes, thank you very much. Do you know if it is true that in a so-called "right to work" state that legal ramifications would be less of a problem? What I mean is that one can be fired or laid off or forced to retire and each employee could negotiate separ...
by cherijoh
Fri Sep 12, 2014 9:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Quit/retire - should I do this?
Replies: 41
Views: 3795

Re: Quit/retire - should I do this?

Thinking about quitting my job and essentially retiring early. Not sure how things work at your company but key question I'd ask based on this statement is "Are you eligible to retire?" At many companies, this requires some combination of years of service and age. This is a critical quest...
by cherijoh
Fri Sep 12, 2014 7:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Quit/retire - should I do this?
Replies: 41
Views: 3795

Re: 50 year old looking for retirement advice & help...

We plan to live below our means to save. Does this mean that you haven't been living below your means in the past? I think in order to succeed, you need to understand what was holding you back in the past. If it was over-spending, you may need the shock therapy of spending some time with a retireme...
by cherijoh
Wed Sep 10, 2014 8:25 am
 
Forum: Investing - Help with Personal Investments
Topic: 50 year old looking for retirement advice & help...
Replies: 15
Views: 2009

Re: Helping Mother In-Law With Retirement Planning

It sounds like the one-time expenses will eat some of the $150,000, so you need to know how much is truly available. I plugged female, age 67, with $100,000 into immediate annuity and got $555/month. That's a realistic amount to add to SS, but will deplete emergency fund. Thanks trueblueky, this is...
by cherijoh
Wed Sep 10, 2014 7:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Helping Mother In-Law With Retirement Planning
Replies: 36
Views: 2048
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