Search found 1808 matches

by cherijoh
Sun Aug 30, 2015 6:58 am
Forum: Personal Consumer Issues
Topic: Ideas for Maine Vacation
Replies: 41
Views: 3216

Re: Re:

I agree with those who say 'hang out and enjoy'. Assuming you are going in July or August, the traffic is heavy along the coast. I love to walk the beach in Ogunquit at low tide. It's doable even with the summer crowds. There is a great lobster pound at Kittery Point called Chancey Creek. (Do a web...
by cherijoh
Sun Aug 30, 2015 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Career Options with STEM and LSA
Replies: 8
Views: 406

Re: Career Options with STEM and LSA

I have a STEM background and have worked with colleagues who have come from both backgrounds. STEM has the advantage of being generally employable at the undergraduate level, while LSA graduates often need a graduate degree to obtain the type of employment they want. That is okay if they are aware o...
by cherijoh
Fri Aug 28, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance - Holy closing costs batman!
Replies: 21
Views: 1453

Re: Mortgage Refinance - Holy closing costs batman!

Long story short - when I bought my home 2 years ago I didn't have an income and couldn't get a mortgage so I paid all cash. I would prefer to mortgage at around 3% and keep the cash invested. I'm in a different situation now and got the following offer: 15 year conforming @ 3.375% Closing costs $5...
by cherijoh
Wed Aug 26, 2015 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for a big ticket item on retirement?
Replies: 22
Views: 2585

Re: Paying for a big ticket item on retirement?

If your 401k plan allows, perhaps a loan from your 401k account would be best. You would need to investigate what happens to that loan if it is still outstanding when you retire. It becomes a taxable withdrawal if not paid back by the time you separate from your company. So IMO this option is a non...
by cherijoh
Tue Aug 25, 2015 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 46
Views: 6524

Re: Am I saving too much for retirement?

I want to have a good idea if I’m saving enough for retirement, and if I can cut back on my saving. I am saving a lot, but it doesn’t leave a lot of money left over. I make $55,000. I save at total of $13,000 per year. I have a total of $270,000 invested, mostly all in stock funds. I am supposed to...
by cherijoh
Tue Aug 25, 2015 4:00 pm
Forum: Personal Consumer Issues
Topic: Ant Control
Replies: 63
Views: 3538

Re: Ant Control

Sorry, I should have been more specific and said "Terro liquid ant bait" I have had ant problems in the kitchen in the past and the Terro liquid ant bait worked great. I found that the ants were coming out of the electrical outlets above my kitchen counter. In addition to the ant bait, I ...
by cherijoh
Mon Aug 24, 2015 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Use the Dip to Clean Up Your Taxable Account
Replies: 17
Views: 2137

Re: Use the Dip to Clean Up Your Taxable Account

Lots of folks out there have stuff in their taxable accounts they don't want any more but are keeping in order to avoid the capital gains taxes. To the extent you can, use this dip in the market to get rid of some of it. If the market goes lower, get rid of more. Do not be afraid to sell at a loss ...
by cherijoh
Sun Aug 23, 2015 10:32 am
Forum: Investing - Help with Personal Investments
Topic: TLH both the primary and alternate fund at once?
Replies: 5
Views: 499

Re: TLH both the primary and alternate fund at once?

IXUS - iShares Core MSCI Total International Stock ETF I'm in exactly the same situation. IXUS looks like a good choice. Or is this substantially identical to VTIAX? I'm considering TLH out of VEU (ETF version of VFWAX) and was looking for a substitute so I used VG fund compare. It looks like the 3...
by cherijoh
Sun Aug 23, 2015 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Transfer old 401k from Prudential into what?
Replies: 10
Views: 634

Re: Transfer old 401k from Prudential into what?

Need some help from financial gurus at BH. Age: 40 Status: Sole breadwinner with 1 child (10yr) Income: 90K Risk Tolerance: getting gutsy NOW with more risk tolerance Goal: #1. Save for retirement, #2.Pay for child's college (in another 8 years) #3.travel the world. If possible, retire early (wish ...
by cherijoh
Sun Aug 23, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Anyone with experience taking a voluntary (pre-retirement) break from employment?
Replies: 28
Views: 3406

Re: Anyone with experience taking a voluntary (pre-retirement) break from employment?

Hi! I'm single and in my mid-30s. Have gotten really burnt out during the past few years. I'm considering searching for a lower paying, lower stress job. But I'm also seriously debating taking most or all of 2016 off so I can pursue some of my other interests (travel, volunteering, etc.) and rechar...
by cherijoh
Sat Aug 22, 2015 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Retired Newbie Needs to WD money from IRA NOW
Replies: 13
Views: 1249

Re: Retired Newbie Needs to WD money from IRA NOW

Lurking for years but my first post. I need some advice. We need to make our first withdrawal from our retirement account in the next few months. Of course our timing is not the best in light of the recent market downturn. :oops: Our portfolio is 60/40 with a money market account also in the portfo...
by cherijoh
Sat Aug 22, 2015 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Woot woot! Company is moving 401k Plans!
Replies: 12
Views: 1365

Re: Woot woot! Company is moving 401k Plans!

September 14th, they are meeting with Fidelity and......... VANGUARD . Both excellent choices. Would love to have all my money rolling through one. Just wanted to share my excitement. :sharebeer Effective Jan. 1st 2017. Not to rain on your parade, but we had Fidelity as the 401k administrator and h...
by cherijoh
Sat Aug 22, 2015 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Ever negotiated an off cycle raise?
Replies: 17
Views: 1844

Re: Ever negotiated an off cycle raise?

One: Make sure your data are correct. I would be surprised that you can know you are at the 52%-tile (ie accurate to the single digit). Even taking into account inflation for one year, and even if your data are correct, you are not measurably under paid unless you are well above average in performa...
by cherijoh
Sat Aug 22, 2015 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA losing value....should I exchange?
Replies: 36
Views: 3066

Re: Roth IRA losing value....should I exchange?

I put $5500 into a roth ira this year (april) with vanguard into their 2050 retirement date fund and already it's dropped down to $5264. Should I stay the course or exchange? I don't think I can stomach this volatility as a new investor You should stay the course and stop looking at your balance :h...
by cherijoh
Sat Aug 22, 2015 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Loan repayment vs. Investing
Replies: 6
Views: 741

Re: Loan repayment vs. Investing

I recently finished a medical residency in Emergency Medicine, and started an independent contractor job making about $280,000. I have no savings to date, and a wife (currently in residency as well) and 2 young kids. I have $260,000 in medical school loan debt. I am currently working on building a ...
by cherijoh
Sat Aug 22, 2015 8:25 am
Forum: Investing - Theory, News & General
Topic: Need a gut check or someone to clear up my confusion about Backdoor Roth (mega and simple)
Replies: 15
Views: 1480

Re: Need a gut check or someone to clear up my confusion about Backdoor Roth (mega and simple)

1. The employee salary deferral limit (2015 =$18K) is across all Simple IRA, 401k, and 403b plans. The annual addition limit (2015 = $53K) is separate for each employer plan. A 403b is considered owned by the participant so its annual addition limit must be combined with all self-employed plans. In...
by cherijoh
Sat Aug 22, 2015 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard forms - cap letters and black ink
Replies: 8
Views: 529

Re: Vanguard forms - cap letters and black ink

I'm sure the form is scanned rather than actually read by a "human", it ensures that the data is entered into their system with little/no errors. If it was my money? I would just do what they asked... - Ron Considering the poor quality of many people's printing, "all caps" would...
by cherijoh
Fri Aug 21, 2015 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Chase insists on total distr of inherited IRA
Replies: 18
Views: 1294

Re: Chase insists on total distr of inherited IRA

Here's one for you, a first for me, can this be right? My dad passed away, one small Chase IRA ($2,000 approx) without named beneficiary, so I'm claiming it via small estate affidavit in Wa state since total estate is small, no real estate. In any case, Chase Bank is refusing to set up an inherited...
by cherijoh
Fri Aug 21, 2015 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Switching from Average Cost to Specific ID with Vanguard
Replies: 3
Views: 382

Re: Switching from Average Cost to Specific ID with Vanguard

Again sorry if a basic question. I'm fairly new to Vanguard and TLH. I have recently sold 100% of VTIAX for VFWAX and didn't bother to change from average cost basis to specific ID. Soon I'll likely TLH by again selling to 100% of VFWAX to VTMGX/VEMAX, and hopefully back again to VTIAX. Will keepin...
by cherijoh
Fri Aug 21, 2015 7:49 am
Forum: Investing - Help with Personal Investments
Topic: New to investing: Investing with friend
Replies: 56
Views: 2297

Re: New to investing: Investing with friend

I think a possible explanation, especially in the US, is that making money has long been held to be an honorable profession, especially if it is done by taking it away from someone else. Even outright thieves are admired if their crimes are big enough. Outright thieves are admired if they have a Ro...
by cherijoh
Fri Aug 21, 2015 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Passed up for a promotion, now what?
Replies: 34
Views: 4333

Re: Passed up for a promotion, now what?

Now comes July/August. Promotions are announced, but I don't get one. Company wide, there are only a few promotions and none on my team, or teams that I work with closely. Of course I am disappointed and I mention my disappointment in passing to my VP. Now suddenly he has no time to schedule 1-1 me...
by cherijoh
Tue Aug 18, 2015 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Behavioral Interview for Leadership Posistion
Replies: 32
Views: 3607

Re: Behavioral Interview for Leadership Posistion

Hey all, I have worked for a large (fortune 500) technology company for the past nine years as a sales exec. I have done well, but have aspired to move into a leadership position for the past few years. I have an interview coming up on Monday, with 7 directors and VPs from my company, none of which...
by cherijoh
Tue Aug 18, 2015 5:35 am
Forum: Investing - Help with Personal Investments
Topic: Early investor portfolio advice with slight tax/accounts wrinkle
Replies: 14
Views: 1076

Re: Early investor portfolio advice with slight tax/accounts wrinkle

Desired suballocation: 80% VTSMX&VTSAX / 20% VBMFX Current retirement assets Taxable 72% S&P 500 (VFIAX) (0.05%) -- approx. $12.5k Roth IRA 28% S&P 500 (VFINX) (0.17%) -- ~approx. $4800 (from various college jobs thru TY2014) Contributions New Annual Contributions $0k 401k (grad student...
by cherijoh
Tue Aug 18, 2015 4:49 am
Forum: Personal Finance (Not Investing)
Topic: Purchase annuity from child?
Replies: 9
Views: 888

Re: Purchase annuity from child?

If you give your kids a lump sum with the expectation that they will pay you back as an "annuity", you have none of those protections. This sounds like a bad idea all around IMO. It sounds like a bad idea to you because you don't understand the concept or the purpose. Private annuities ha...
by cherijoh
Mon Aug 17, 2015 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Purchase annuity from child?
Replies: 9
Views: 888

Re: Purchase annuity from child?

The purpose of an annuity is to guarantee you an ongoing stream of periodic payments. Insurance companies can do this by pooling their risk among many annuitants and spreading the mortality risk. People buying annuities can mitigate their risk of the insurance company going bankrupt by purchasing se...
by cherijoh
Mon Aug 17, 2015 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Do we have enough to retire?
Replies: 51
Views: 10994

Re: Do we have enough to retire?

Utilizing some off the cuff calculations I figure we could SEPP withdraw $5760/month from our retirement funds (46 yo 1385/month, 57 yo 4375/month) but we would be locked into this for 5 years. No, you would be locked into this for 5 years OR until age 59.5, whichever is later. So 57 yo would be 5 ...
by cherijoh
Mon Aug 17, 2015 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Roth for 20 year old daughter
Replies: 4
Views: 696

Re: Roth for 20 year old daughter

My wife and I are about to help our 20 year old daughter open a Roth IRA at Vanguard and look to the forum members for their advice. Our daughter is currently a student at college and will have approximately $5000 in earned income this summer. Since she will be contributing 10% of her income(our ru...
by cherijoh
Mon Aug 17, 2015 6:29 am
Forum: Personal Consumer Issues
Topic: Carry on luggage
Replies: 87
Views: 6418

Re: Carry on luggage

I want to thank everybody for all your great and detailed responses! We thought we wanted spinner luggage for carry-ons but now after reading through these posts I think we'll forget the wheels. From what we've looked through, we're leaning towards one of those convertible backpacks. While we want ...
by cherijoh
Sun Aug 16, 2015 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else impatient with their car payments?
Replies: 58
Views: 4660

Re: Anyone else impatient with their car payments?

How big is your emergency fund? Have you ever had to use an emergency fund? I personally would probably use the emergency fund to pay it off but only if other things were in good financial shape (secure job or at least job with good severance package, ability to tap into retirement accounts if need...
by cherijoh
Sun Aug 16, 2015 12:00 pm
Forum: Personal Consumer Issues
Topic: Cell Phone Reception
Replies: 34
Views: 2314

Re: Cell Phone Reception

[quote="jebmke] I was quite surprised not long ago that parts of Montgomery County which is very close to DC and Baltimore are dead spots for cell coverage. Maybe they paid the cell companies not to build towers there.[/quote] :happy I grew up in the DC area and it wouldn't surprise me if some ...
by cherijoh
Sun Aug 16, 2015 6:38 am
Forum: Investing - Help with Personal Investments
Topic: Tax Strategies in 2nd Year of Retirement?
Replies: 26
Views: 3046

Re: Tax Strategies in 2nd Year of Retirement?

I can't thank you all enough for these responses. I see that I have paid woefully inadequate attention to retirement tax strategies and consequences, and will be rectifying that going forward. It's humbling to believe that I know what I'm doing financially, only to learn, no, not so much. Using Tax...
by cherijoh
Sat Aug 15, 2015 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Old credit cards- cancel, cut up, or just leave them be?
Replies: 10
Views: 1139

Re: Old credit cards- cancel, cut up, or just leave them be?

Every credit agency has their own proprietary formula for scoring your credit history. Credit utilization is certain to be one of the factors, but I doubt it is a straight line function where an increase in 1% utilization automatically means a decrease in x points on your FICO score. In addition, de...
by cherijoh
Sat Aug 15, 2015 7:07 am
Forum: Personal Consumer Issues
Topic: 8 hour layover in Honolulu. How to use time.
Replies: 62
Views: 7916

Re: 8 hour layover in Honolulu. How to use time.

You won't see any wildlife driving a rental car. It's all in the ocean. Take a cab to Sheraton Waikiki. It's about $35. Book in advance a snorkel/sail excursion. For example: http://www.hawaiisnorkelingguide.com/waik_tssl.html whoops not that one since it's too expensive. It was $45 a person last s...
by cherijoh
Sat Aug 15, 2015 5:00 am
Forum: Personal Consumer Issues
Topic: Can a bill dispute ruin our credit?
Replies: 30
Views: 2602

Re: Can a bill dispute ruin our credit?

Not sure if this belongs under the Personal Consumer forum or the Personal Finance forum, but here's the issue ... Last year we had a lawn care service apply four applications. We were unimpressed by their service and had no plans to renew it this year. However, in the spring while we were out on v...
by cherijoh
Fri Aug 14, 2015 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: 401K rollover advice?
Replies: 21
Views: 667

Re: 401K rollover advice?

His IRA @ Ameriprise: LARGE CORE QUANT - A $925 His 401K Rolling over to Vanguard Her 401K 20% Large Cap Value Fund 20% S&P Mid Cap Index Fund 20% S&P 500 Index Fund 20% Small Cap Fund 20% Wells Fargo ESOP Fund 6% match I have $150K+ that in a former employer 401K. I am looking to roll it o...
by cherijoh
Fri Aug 14, 2015 5:11 pm
Forum: Personal Consumer Issues
Topic: Carry on luggage
Replies: 87
Views: 6418

Re: Carry on luggage

Learn to pack light and do laundry wherever you are going. We flew spirit last summer. You are allowed one carry on free 10x12x14. This is about the size of a laptop backpack. This is all I need for a week away. They give no check ins free, by the way. For the 4 of us, we did check one bag that I c...
by cherijoh
Fri Aug 14, 2015 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Car Insurance Claim
Replies: 6
Views: 548

Re: Car Insurance Claim

I was in a car accident about 5 years ago during morning rush hour on the interstate when i was rear-ended and pushed into the car in front of me (chain reaction resulting from someone up ahead slamming on brakes). My car was definitely totaled as the both the trunk and engine compartment were compr...
by cherijoh
Fri Aug 14, 2015 6:04 am
Forum: Personal Consumer Issues
Topic: Carry on luggage
Replies: 87
Views: 6418

Re: Carry on luggage

I have had good luck with Eagle Creek luggage as it pairs well with their packing cubes and folders. My 22'' rolling bag is expandable -- which puts it beyond carry-on standards when unzipped. However, this has come in handy for return trips when I didn't care if they temporarily misplaced my dirty ...
by cherijoh
Wed Aug 12, 2015 7:15 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Insight...He can't be this good, can he?
Replies: 15
Views: 2532

Re: Fidelity Insight...He can't be this good, can he?

Back in the 90s.....before I acquired wisdom when I was trying in vain to beat the market.....I followed this guy's newsletter for a few years. And yes, I am ashamed to admit, I paid for it. http://www.fmandi.com/about/performance/uo_perf2012.html Out of curiosity, I just googled his webpage , to s...
by cherijoh
Wed Aug 12, 2015 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Is it too late for a Roth?
Replies: 5
Views: 1027

Re: Is it too late for a Roth?

I'm 66 and retired. My income consists of social security and dividends and interest from savings. Approximately half of my retirement savings are in an IRA. I do not have any Roth's. Should I be converting some/all of my IRA money into Roth IRA's at this stage in my life? My objective is to minimi...
by cherijoh
Wed Aug 12, 2015 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Undoing a mistake vs. Waiting it out.
Replies: 4
Views: 749

Re: Undoing a mistake vs. Waiting it out.

You need to read up on Wash Sales which apply when you sell a stock at a loss and turn around and immediately purchase the same thing.
by cherijoh
Wed Aug 12, 2015 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else impatient with their car payments?
Replies: 58
Views: 4660

Re: Anyone else impatient with their car payments?

Only you can answer that. If you didn't have the car payment would you spend the $600/month or save some/all of it? If you get the truck paid off will you borrow money to buy a boat or 4 wheeler? If so, then you probably shouldn't pay it off early. The reason I recommend the book is that it can be ...
by cherijoh
Wed Aug 12, 2015 6:24 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Insight...He can't be this good, can he?
Replies: 15
Views: 2532

Re: Fidelity Insight...He can't be this good, can he?

Back in the 90s.....before I acquired wisdom when I was trying in vain to beat the market.....I followed this guy's newsletter for a few years. And yes, I am ashamed to admit, I paid for it. http://www.fmandi.com/about/performance/uo_perf2012.html Out of curiosity, I just googled his webpage , to s...
by cherijoh
Wed Aug 12, 2015 6:06 pm
Forum: Personal Consumer Issues
Topic: Using stamps - getting the amount correct with new stamps?
Replies: 13
Views: 1428

Re: Using stamps - getting the amount correct with new stamps?

According to the USPS the "extra ounce" and other new stamps work the same way as the other "Forever" stamps and "will always be equal in value to the applicable price for the price category printed on them at the time of use": https://about.usps.com/news/national-rele...
by cherijoh
Wed Aug 12, 2015 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Quitting my job.
Replies: 95
Views: 13083

Re: Am I crazy? Quitting my job.

Healthcare- will probably pay the costs for preggo visits this year and and try to get insurance for early next year for the baby. Yes I agree- a necessity and a priority. You need insurance NOW - not just after your wife has the baby. God forbid something goes wrong or the baby is born prematurely...
by cherijoh
Wed Aug 12, 2015 6:41 am
Forum: Personal Finance (Not Investing)
Topic: How much is too much?
Replies: 42
Views: 5340

Re: How much is too much?

We live on 1/3 of our combined net income. We max out our 401k and Roth IRA. Everything else goes towards savings/investments for something that we have no idea about what will happen. I know we have no control over what happens in the future, be it a job loss, a death of a loved one, recession, et...
by cherijoh
Tue Aug 11, 2015 6:30 am
Forum: Investing - Help with Personal Investments
Topic: How to convert from "active" to passive investing?
Replies: 13
Views: 1419

Re: How to convert from "active" to passive investing?

Don't over think it. I did same thing 2 years ago. You can do an "in kind" transfer to vanguard so you don't have to sell all of your etf, stock positions before moving. Turn off dividend reinvestment for the holdings you no longer want, set up the three fund, slowly sell of individual st...
by cherijoh
Tue Aug 11, 2015 6:15 am
Forum: Investing - Help with Personal Investments
Topic: Coworkers Ignorant to Retirement Savings and Investing
Replies: 41
Views: 3968

Re: Coworkers Ignorant to Retirement Savings and Investing

We just had a company 401k meeting to discuss rolling over plans to a new provider. It was scary. It became apparent how little my co-workers know about investing. There were comments made along the lines of "our last provider didn't get us good returns" :shock: Is there anything I can do...
by cherijoh
Mon Aug 10, 2015 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 6068

Re: Chase asking for liquid net worth, total net worth...

I work in a bank. They are asking about where your money comes from to determine if you are someone who might be laundering money. If you own a convenience store it might be reasonable that you would make large cash deposits. If your only income is from a salary, then large cash deposits could be s...
by cherijoh
Mon Aug 10, 2015 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 6068

Re: Chase asking for liquid net worth, total net worth...

I am confused. Why would the OP need to open an account at chase. Why can't the IRA be moved to wherever the inheritor wishes? I always assumed it was like a check; if I get a Chase check I am able to cash it wherever I want. Learn something new everyday! -Joey Inherited IRAs have specific rules. I...

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