Search found 30 matches

by Gixene
Tue Mar 21, 2017 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Pension
Replies: 11
Views: 1064

Re: Pension

To each of you, I had believed that when you become vested, that you were entitled to do what you wish with the funds regardless of employment with the company? For such a small sum I'd ask HR if they'd allow you to roll it into your 401K or an IRA. All they can say is NO, in which case I guess you'...
by Gixene
Tue Mar 21, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Pension
Replies: 11
Views: 1064

Re: Pension

... will be available to you when you are eligible to retire or otherwise leave [employer], with the same payment options you have now.... My understanding of this language is you can't do anything with it until you retire or leave the company. Why don't you contact your HR department to see if the...
by Gixene
Tue Mar 21, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Pension
Replies: 11
Views: 1064

Pension

Bogleheads, Last year our employer decided to discontinue our pension. Our employer instead began contributing a 2% core contribution to 401k including the ongoing 5% employer 401k contribution match. There was discussion in the workplace on the benefits and drawbacks of both the pension and core co...
by Gixene
Mon Mar 20, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP
Replies: 16
Views: 987

Re: ESPP

Participate!!! Don't worry too much about liquidity concerns. Since you can start selling so quickly, you'd basically be churning a portion of your paycheck through, and getting your paycheck (plus an extra 5% of your paycheck: 20% of your salary with a 25% bonus (same as 20% discount) back to you ...
by Gixene
Mon Mar 20, 2017 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP
Replies: 16
Views: 987

Re: ESPP

1.) Last year I contributed 18% after retirement savings towards a downpayment on a home. Should these funds be put towards ESPP to take advantage of gains? This is up to you. It isn't completely risk free, as what you posted says there is about a week between when the shares are purchased and when...
by Gixene
Mon Mar 20, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP
Replies: 16
Views: 987

Re: ESPP

There are cons, but they're surmountable: *Having part of your paycheck tied up for a quarter before you can sell *The stock risk in the five day sbefore it's credited *The additional stock risk fromthree days before that crediting settles where you might not be able to sell. *You'll have to pay in...
by Gixene
Mon Mar 20, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP
Replies: 16
Views: 987

Re: ESPP

"Shares are credited to your account within 5 business days following their purchase." "You can sell your shares at any time and receive a distribution in cash" Unless the shares drop in value by 15% after they are bought but before you get a chance to sell them - this is essent...
by Gixene
Mon Mar 20, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP
Replies: 16
Views: 987

Re: ESPP

1.) Last year I contributed 18% after retirement savings towards a downpayment on a home. Should these funds be put towards ESPP to take advantage of gains? This is up to you. It isn't completely risk free, as what you posted says there is about a week between when the shares are purchased and when...
by Gixene
Mon Mar 20, 2017 2:26 am
Forum: Personal Consumer Issues
Topic: Do you purposely spend with companies in your investment portfolio?
Replies: 42
Views: 2546

Re: Do you purposely spend with companies in your investment portfolio?

Yes. I purchase my Trojan rubbers, owned by Church & Dwight Company.
by Gixene
Mon Mar 20, 2017 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2496

Re: Creating a Will

gr7070 wrote:
Gixene wrote:If this is all "BS" then feel free to find other Boglehead threads to post on or find other things to do outside of the internet.


It's not all BS. Steps 1, 2, and 3 are not; everything after that is.


Yes, and you have been the most unhelpful person in this thread.
by Gixene
Mon Mar 20, 2017 1:24 am
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2496

Re: Creating a Will

"I believe it depends on the person. It should be updated with... Purchase automobile, purchase home, ... Also for sale of automobile, sale of home," Why? That's what the will is there for. 50% of all own goes to mom, 50 dad. Done! I'm not sure why you think it matters that the executor k...
by Gixene
Mon Mar 20, 2017 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2496

Re: Creating a Will

You also have to get all your usernames and passwords to someone... I disagree with this. This should not be needed to access accounts upon death. Agreed. You just need to keep a list of places you hold accounts. They can then access them (whether through POD or probate) via a death certificate whi...
by Gixene
Mon Mar 20, 2017 12:39 am
Forum: Investing - Help with Personal Investments
Topic: ESPP
Replies: 16
Views: 987

ESPP

Bogleheads, Note: Questions at end of post. I've always had a negative view of ESPP. First employer filed for bankruptcy, went private by a leveraged buyout holding company. Second employer required I hold the shares for a year after purchase. Third employer lead a wild goose chase to take advantage...
by Gixene
Sun Mar 19, 2017 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2496

Re: Creating a Will

For all the bad press lawyers get, my life experiences with all of them has been positive. Any lawyer I hired certainly looked out for my best interest. This included probably four different lawyers in different specialties hired throughout my adult life. After my divorce in 1996, I had my will re-...
by Gixene
Sun Mar 19, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Asset Consolidation
Replies: 5
Views: 389

Re: Asset Consolidation

I have kept only a small local bank account and a much larger online account for 25 years. I have only needed a large amount of money one time, and the solution was to send a bank cashiers check directly to the end recipient. This was when we purchased a second home in Florida, an all cash purchase...
by Gixene
Sun Mar 19, 2017 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2496

Creating a Will

Bogleheads, Despite being 25 years of age, as a personal banker I often see the negative effects of improper planning of death. Thankfully, most of the scenarios have had a positive outcome (speaking lightly of death), however I have experienced a couple of scenarios when greed intervenes or disorga...
by Gixene
Sat Mar 18, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Asset Consolidation
Replies: 5
Views: 389

Re: Asset Consolidation

In the last couple of years I have not had any ACH transactions take more than two business days. Most are done in one. Good point, I haven't tried transferring any funds from Redneck Bank to my checking account. Indeed, it doesn't take long. In the event it's a real emergency, I suppose a wire tra...
by Gixene
Sat Mar 18, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Asset Consolidation
Replies: 5
Views: 389

Asset Consolidation

Good afternoon Bogleheads, I have 9 months of living expenses placed in a savings account at a nearby credit union (brick & mortar) that earns .10% APY. I also have funds in Redneck Bank (online financial institution) money market account that earns 1.25% APY. The funds in Redneck Bank are earma...
by Gixene
Thu Sep 29, 2016 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance & Automotive Insurance
Replies: 6
Views: 971

Re: Umbrella Insurance & Automotive Insurance

All members of a household who can drive are generally required to be listed on the policy - in fact may even be legally required. You should already be listed on your mother's policy and she on yours. Any negative effect a driver has on a police's premium just has to be UNLESS you specifically ask...
by Gixene
Thu Sep 29, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance & Automotive Insurance
Replies: 6
Views: 971

Re: Umbrella Insurance & Automotive Insurance

Where do you live (state, and city or urban/suburban/rural)? 1. If mom drives car regularly, it might affects umbrella premium since the umbrella policy covers her also when driving your car, but I suspect she is required to be on the auto policy because she drives the car regularly, and has nothin...
by Gixene
Wed Sep 28, 2016 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance & Automotive Insurance
Replies: 6
Views: 971

Umbrella Insurance & Automotive Insurance

Hello fellow Bogleheads, I'm 24 years of age and will become 25 years of age on January 1st. I have an automotive policy with Progressive that expires on 10/30/2016. Due to this, I have requested quotes for policies with insurance companies. This is based on the notion that 25 years of age is a thre...
by Gixene
Thu Jul 28, 2016 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement Investing
Replies: 12
Views: 1217

Re: Starting Retirement Investing

IFtkksx, I'm afraid I have to agree with Taylor on the TR fund. I lean toward that because it's an all-in-one fund and losses won't be singled out. Also, bro has no experience and he's not been good with money. No idea how he would handle losses or rebalance. 80% equity may be too much, or maybe he...
by Gixene
Sun Jul 24, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement Investing
Replies: 12
Views: 1217

Re: Starting Retirement Investing

I told him to write down on paper what would be included in his emergency fund along with the amount. I mentioned that I would like to sit down with him and review it to see what should and should not be included. Being that he lives at home and has no car payment, the only expenses he should have ...
by Gixene
Sat Jul 23, 2016 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement Investing
Replies: 12
Views: 1217

Re: Starting Retirement Investing

Questions: 1.) Should he immediately begin contributing 15% and raise contribution based on pay increase or should he contribute 10% and raise contribution based on pay increase? Any other suggestions with this? 2.) Should he place prioritization on his retirement and emergency fund or should be fo...
by Gixene
Sat Jul 23, 2016 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement Investing
Replies: 12
Views: 1217

Re: "If You Can."

IFtkkdx428: It is difficult to establish yourself as an authority on investing in your brother's eyes. Also, you will be blamed when your recommendations underperform (as all investments do). I suggest you ask our brother to read one of the best investment booklets ever written. It is by a noted au...
by Gixene
Sat Jul 23, 2016 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement Investing
Replies: 12
Views: 1217

Re: Starting Retirement

Since he is just starting out, I'd suggest skipping the International for now and keep the US stock investments as simple as possible with low cost. A suggestion that you edit the title to be "Starting Retirement Investing." When I saw the title I thought he had just retired and the quest...
by Gixene
Sat Jul 23, 2016 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement Investing
Replies: 12
Views: 1217

Starting Retirement Investing

I will preface this by saying that this is for a brother of mine. Emergency Fund: 0 MOS Debt: $750.00 of Collections. Tax Filing Status: Single Tax Rate (2015 Taxes): 15% Federal, 3.3% State State of Residence: IN Age: 27 Occupation: Supervisor Annual Income: $34,000 (Gross) Desired Asset Allocatio...
by Gixene
Mon Mar 14, 2016 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement
Replies: 9
Views: 2335

Re: Starting Retirement

Happy to explain! The government encourages saving for your retirement(This credit counts on the first 2k saved only), and if you are below a certain income, they will even give you money back for saving. The less your taxable income is, the greater the money they will give you back. However, once ...
by Gixene
Sun Mar 13, 2016 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement
Replies: 9
Views: 2335

Re: Starting Retirement

You are in good shape. It sounds like you have a plan. The most important thing is to stick with. 1. Yes and no. It's better to invest Roth, especially now since your tax rate will be lower. However, to get yourself to save more now, traditional 401 will give you extra money now. I would split 75% ...
by Gixene
Sun Mar 13, 2016 1:00 am
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement
Replies: 9
Views: 2335

Starting Retirement

Emergency funds: 7 MOS Debt: None Tax Filing Status: Single Tax Rate (2015 Taxes): 15% Federal, 3.3% State State of Residence: IN Age: 24 Occupation: Banker Annual Income: $30,000 Desired Asset allocation: 96% stocks / 4% bonds Desired International allocation: (No Preference)% of stocks Current ret...

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