Search found 643 matches

by Ron Ronnerson
Wed Jun 28, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: How many "accounts" do you maintain at your investment firm?
Replies: 31
Views: 1310

Re: How many "accounts" do you maintain at your investment firm?

Investments: His Roth IRA Her Roth IRA Her SEP IRA Her Traditional IRA His 403b His 457b His brokerage Her brokerage Other: His defined benefit plan His defined benefit supplemental plan Healthcare FSA Dependent care FSA 10 bank accounts (checking, savings, money market) - some are joint and some ar...
by Ron Ronnerson
Sun Jun 25, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards' credit lines - pros/cons of requesting reduction?
Replies: 29
Views: 1794

Re: Credit cards' credit lines - pros/cons of requesting reduction?

I did this just yesterday with Chase for the same reasons you mention. It was a 5 minute phone call. I plan to apply for another Chase card later in the year and already had a lot of credit with them. I'm at 3/24 but will be at 2/24 as of next month.
by Ron Ronnerson
Sat Jun 24, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: Bay Area housing
Replies: 69
Views: 5213

Re: Bay Area housing

I hate to say it but it is true - pull the trigger asap. I tried to go boglehead conservative in 2010 and fought my wife hard to not buy a bay area home in the downturn. I was completely wrong. It's been 7 years now and even the 10 or more yrs before that there were no 'reasonable' priced times to ...
by Ron Ronnerson
Fri Jun 23, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: New Baby - Wife stay at home for 1 year?
Replies: 48
Views: 3947

Re: New Baby - Wife stay at home for 1 year?

Since you posted here I am assuming you are concerned about the financial aspect. If your salary can cover all expenses then to cost of having your wife stay at home is: 75,000 wife' salary Plus any match or value of other employer incentives that would be foregone Plus the extra cost, if any, of m...
by Ron Ronnerson
Fri Jun 23, 2017 9:33 am
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 4281

Re: What do you say when you cancel an account that you only opened for bonus?

If it's a bank account, I say I'm consolidating accounts. Saying this has resulted in no more follow-up questions and the account is closed right away. I've closed lots of bank accounts. When I've initiated transfer requests at brokerages, sometimes the brokerage I'm transferring from has called me ...
by Ron Ronnerson
Fri Jun 16, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11921

Re: Who takes financial chances and why is this forum so financially conservative?

We bought a home that was $500k on a combined income of $110k with 3% down (didn't have to pay PMI, though). At the time, my wife and I were both uncertain about our job security. We did a budget and it seemed that we could afford it even though it might be tight. We were frugal and there were no ki...
by Ron Ronnerson
Mon Jun 12, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a 800k house in HCOL area (Boston area) ?
Replies: 42
Views: 4249

Re: Can we afford a 800k house in HCOL area (Boston area) ?

There's also a huge difference in investing the difference you would have paid and your earnings on those investments versus the interest you pay. What you are suggesting is mostly an emotional suggestion for folks who are extremely uncomfortable with risk. It is not the best financial decision for...
by Ron Ronnerson
Sun Jun 11, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a 800k house in HCOL area (Boston area) ?
Replies: 42
Views: 4249

Re: Can we afford a 800k house in HCOL area (Boston area) ?

That is a very personal suggestion. It is mainly an emotional choice versus a financial one with todays interest rates. Same thing about valuing the slightly lower interest rates (~.5%) of the 15 year over the flexibility to have low payments with the 30. This is a personal finance forum :D There i...
by Ron Ronnerson
Tue Jun 06, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7005

Re: Teachers: what are your best personal finance tips?

1. Don't buy a house that costs more than twice your household income. 2. Don't buy new cars. Or finance any of them. 3. Don't trust your pension will be there. 4. Don't pass up savings on top of pension. 5. Don't marry another teacher (I broke this rule) 6. If you get #1 and #2 right, you really h...
by Ron Ronnerson
Mon Jun 05, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7005

Re: Teachers: what are your best personal finance tips?

Yes, it is interesting how the pension numbers can change quite a bit by moving the retirement age just slightly. I played with the CalSTRS pension calculator and assumed the highest salary on the schedule when I retire will be the same as it is today (just for a crude estimate). Here are the month...
by Ron Ronnerson
Sun Jun 04, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7005

Re: Teachers: what are your best personal finance tips?

We're on a trajectory to be able to retire in our late 50s. However, I really love my job and may continue to do it for longer than that. Your CalSTRS pension at 58 will have an age factor of 1.8. At age 61.5 (assuming 30 years), the age factor maxes at 2.4. Huge difference. Yes, it is interesting ...
by Ron Ronnerson
Sun Jun 04, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7005

Re: Teachers: what are your best personal finance tips?

I'm an elementary school teacher in the Bay Area. My wife works 30 hours a week for a small business. We're both 42. I earn $100k per year and she earns about $45k. This is middle class as I teach in Silicon Valley and the median home price around these parts is in the seven figures. We've got abou...
by Ron Ronnerson
Sat Jun 03, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7005

Re: Teachers: what are your best personal finance tips?

I have . . . 180 days off a year. How is that possible? Do you live on Mars, or does this include weekends and public holidays? Yes, it includes all days that I'm not physically at work, including holidays and weekends. It doesn't include sick days, however, since that varies. I do take work home a...
by Ron Ronnerson
Sat Jun 03, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7005

Re: Teachers: what are your best personal finance tips?

OP here! Wow, lot of great ideas and thoughts here....many of which I hadn't considered myself. A lot of posters here seem to be working for higher paying districts, including myself....which would be one of my tips for new recently graduated educators without geographic ties to an area...pick a hi...
by Ron Ronnerson
Sat Jun 03, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7005

Re: Teachers: what are your best personal finance tips?

Your CalSTRS pension at 58 will have an age factor of 1.8. At age 61.5 (assuming 30 years), the age factor maxes at 2.4. Huge difference. Yes, it is interesting how the pension numbers can change quite a bit by moving the retirement age just slightly. I played with the CalSTRS pension calculator an...
by Ron Ronnerson
Thu Jun 01, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7005

Re: Teachers: what are your best personal finance tips?

We're on a trajectory to be able to retire in our late 50s. However, I really love my job and may continue to do it for longer than that. Your CalSTRS pension at 58 will have an age factor of 1.8. At age 61.5 (assuming 30 years), the age factor maxes at 2.4. Huge difference. Yes, it is interesting ...
by Ron Ronnerson
Wed May 31, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7005

Re: Teachers: what are your best personal finance tips?

Where I live (NJ) teachers make pretty good money. 25 years experienced teachers with mostly online earned Masters degrees are making 100k. Plus a pension, 3 months off, good health benefits, tenure etc etc. The conversation in these parts is usually they have it too good and then the teachers say ...
by Ron Ronnerson
Wed May 31, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7005

Re: Teachers: what are your best personal finance tips?

I'm an elementary school teacher in the Bay Area. My wife works 30 hours a week for a small business. We're both 42. I earn $100k per year and she earns about $45k. This is middle class as I teach in Silicon Valley and the median home price around these parts is in the seven figures. We've got about...
by Ron Ronnerson
Wed May 31, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 22862

Re: What do you guys do on the side?

I open checking accounts, transfer brokerage balances (and collect referral bonuses from brokerages), and open credit cards for bonuses that net me roughly 1k a month. Ron Wow, I had no idea there were enough of these around to net a consistent monthly amount. How much time do you spend tracking th...
by Ron Ronnerson
Tue May 30, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 22862

Re: What do you guys do on the side?

(I'm gonna borrow Matt Fu's format) I am a teacher in CA - make about 101k I open checking accounts, transfer brokerage balances (and collect referral bonuses from brokerages), and open credit cards for bonuses that net me roughly 1k a month. Allows us to invest or save most of my wife's salary from...
by Ron Ronnerson
Mon May 29, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1875
Views: 297962

Re: What's Your Credit Card Rewards Strategy?

Churning Chase bonuses is, in my opinion, the most lucrative way to earn money on everyday spend. Churning Chase bonuses is, in my opinion, the most lucrative way to earn money on everyday spend. Since August of 2016, my SO and I have amassed 500K Chase points, which is worth at least $7,500 in tra...
by Ron Ronnerson
Sun May 28, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Not Another Payoff The Mortgage Thread....
Replies: 38
Views: 4022

Re: Not Another Payoff The Mortgage Thread....

I've been tempted to begin to pay off my loan faster than scheduled since I'll have my mortgage until I'm 68 if I keep to the schedule. It's a 30 year fixed rate loan at 3.25%, but the effective rate is currently close to 2%. On the one hand, it would feel great to not have a mortgage. On the other ...
by Ron Ronnerson
Tue May 23, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1875
Views: 297962

Re: What's Your Credit Card Rewards Strategy?

Just keep opening them online. No secret sauce. I always did an ACH push to trigger DD. Can you open more than one account of the same type simultaneously? Which bank did you use the ACH push from? Thanks..... I never did multiple at once I always waited until I got the bonus before opening another...
by Ron Ronnerson
Mon May 22, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1875
Views: 297962

Re: What's Your Credit Card Rewards Strategy?

Just keep opening them online. No secret sauce. I always did an ACH push to trigger DD. Can you open more than one account of the same type simultaneously? Which bank did you use the ACH push from? Thanks..... I never did multiple at once I always waited until I got the bonus before opening another...
by Ron Ronnerson
Thu May 18, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 43
Views: 7881

Re: Schwab brokerage incentive $2,500 - - - thoughts?

In case of interest to others, I called E-Trade and mentioned I was evaluating new brokerage platforms for a $250k new account. They have offered me $1000 as a bonus, which is among the more compelling on a percentage basis that I have seen. Yes, that's a good one, and better than their advertised ...
by Ron Ronnerson
Thu May 18, 2017 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 43
Views: 7881

Re: E-Trade now at 40bps bonus for $250k

In case of interest to others, I called E-Trade and mentioned I was evaluating new brokerage platforms for a $250k new account. They have offered me $1000 as a bonus, which is among the more compelling on a percentage basis that I have seen. Yes, that's a good one, and better than their advertised ...
by Ron Ronnerson
Sun May 14, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: HDHP with HSA in Teachers' Contract
Replies: 6
Views: 518

Re: HDHP with HSA in Teachers' Contract

I'd compare the new, proposed benefits to what you have currently (in terms of deductible, max out of pocket, copay, etc.). If what is in place now happens to be good, is it worth it to give that up for a 1% salary increase? If the average teacher makes $50k in your district, they'd end up getting $...
by Ron Ronnerson
Sat May 13, 2017 11:28 am
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 38
Views: 5754

Re: Beware Citibank Bonus Promotion

I put $50,000 for the $500 bonus. It was represented to me as 90 days. Upon reading the fine print, it's 60 days after you meet the 90 day requirement, which makes it a lower interest rate. The $50k has to stay in for 60 days (recently went past that) and then you have to wait "up to 90 days&q...
by Ron Ronnerson
Sun May 07, 2017 5:54 pm
Forum: Personal Consumer Issues
Topic: United Mileage Plus CC - worth it?
Replies: 25
Views: 1793

Re: United Mileage Plus CC - worth it?

My wife and I have had this card in the past (and she just reapplied for it recently). It provides free luggage to the card-holder and a companion. So that's a savings of $100 for two round-trip tickets, which renders the annual fee -$5 after one flight. We used the free club passes at San Francisco...
by Ron Ronnerson
Sun Apr 23, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 5083

Re: Should some professions tell people how much they make?

If you think your appearance is an issue, have you tried to do anything about trying to look older? Some ideas: suit and tie, facial hair, shoes with built in heels, dying some hairs gray, don't smile very much and look serious, speak like it's 1957 instead of 2017 (no modern lingo or slang). Anywa...
by Ron Ronnerson
Sun Apr 23, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home in the Bay Area
Replies: 28
Views: 3527

Re: Buying a home in the Bay Area

If you're going to buy, I'd make sure it's a home you'll be in for a while (which I consider to be at least 10 years but you can define it however you like) since transaction costs on home purchases can add up, especially in an expensive area. Once you have a child, the quality of the local schools ...
by Ron Ronnerson
Sat Apr 22, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 5083

Re: Should some professions tell people how much they make?

If you think your appearance is an issue, have you tried to do anything about trying to look older? Some ideas: suit and tie, facial hair, shoes with built in heels, dying some hairs gray, don't smile very much and look serious, speak like it's 1957 instead of 2017 (no modern lingo or slang). Anyway...
by Ron Ronnerson
Thu Apr 20, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make a good decision to retire July 2017 instead of July 2018?
Replies: 56
Views: 5163

Re: Did I make a good decision to retire July 2017 instead of July 2018?

These are my approximations of your pension at various ages (please correct me if I've estimated incorrectly). 56: $4680 57: $5160 58: $5660 59: $6170 60: $6700 61: $7200 62: $7400 63: $7600 To me, it seems like the answer to your question depends on your expenses as well as the lifestyle you'd like...
by Ron Ronnerson
Tue Apr 18, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Best for Scottrade transfer?
Replies: 14
Views: 1387

Re: Best for Scottrade transfer?

Ron, after I read you post I decided to transfer my $105k Roth and my DW's $300k IRA from Scottrade to TD Ameritrade. The move to TDA makes sense. In my case, it would have generated a signing bonus of $500 + $1k (disregarding the potential $200 referral bonus). So today I opened a TDA Roth online ...
by Ron Ronnerson
Sun Apr 16, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Best for Scottrade transfer?
Replies: 14
Views: 1387

Re: Best for Scottrade transfer?

Since they'll be merged soon anyway, we're transferring over our accounts from Scottrade to TDA ahead of time to collect bonuses. My wife recently did an in-kind full transfer of her Roth IRA from Scottrade to TDA. The bonus posted within a day of the transfer and TDA says that they will reimburse ...
by Ron Ronnerson
Sun Apr 16, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why do you save?
Replies: 31
Views: 2192

Re: Why do you save?

There are a variety of reasons. I see the power of compounding and it seems unwise not to save. Delaying gratification tends to be handsomely rewarded so I try to set aside what I can while also living fairly comfortably right now. I like the idea of spending money today but I also like the idea tha...
by Ron Ronnerson
Sun Apr 16, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11690

Re: My kids don't care about saving

FWIW I didn't care about savings in my 20's either. At 30 years old I had about $400 to my name and no retirement savings. Luckily I wised up in my thirties and am playing catch up now, wish I saved in my 20s but it's just how it was It was similar for me. I didn't care about this stuff at all in m...
by Ron Ronnerson
Sat Apr 15, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 13210

Re: Do you have an umbrella policy?

Yes, for $1M.
by Ron Ronnerson
Sat Apr 15, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Best for Scottrade transfer?
Replies: 14
Views: 1387

Re: Best for Scottrade transfer?

Just about any brokerage would work fine. You may be able to pick up a bonus along the way. Here's a site I've found useful for that in case you're interested: http://www.hustlermoneyblog.com/best-brokerage-bonuses/ Since they'll be merged soon anyway, we're transferring over our accounts from Scott...
by Ron Ronnerson
Sat Apr 15, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Public School Teacher: Need help with 403b
Replies: 41
Views: 2079

Re: Public School Teacher: Need help with 403b

I'm a public school teacher in California. I'm a fan of governmental 457b plans as you can access funds without penalty upon separation from your employer. Personally, even though I don't plan to retire early, it's nice to have that option since you never know what may happen in life. As others have...
by Ron Ronnerson
Wed Apr 12, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: New Home - Design Center Options - making smart choices
Replies: 30
Views: 2566

Re: New Home - Design Center Options - making smart choices

After 7 years in our home, this summer, we're going to change the carpet with laminate on our first floor. A toddler mashing fruit into the carpet the past couple of years has really taken a toll and the carpets look bad now. We wish we had done that to begin with when we bought our home (it was a n...
by Ron Ronnerson
Wed Apr 12, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: leaving early from work
Replies: 57
Views: 7590

Re: leaving early from work

Both of us work and we have kids(less than 3 yrs old). We need to drop off and pick up kids at day care. Both of us work in the financial space. How accommodating are bosses to this situation? It's unclear exactly what you want. What would you consider an accommodation on the part of your employer?...
by Ron Ronnerson
Mon Apr 10, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: When to slow down.
Replies: 33
Views: 5447

Re: When to slow down.

You’re making close to $100k by working 80 hours a week. If you’re filing taxes as single and have no dependents, you’re likely in the 25% or 28% tax bracket. Then you pay FICA tax of roughly 8% and state/local taxes if they apply. Basically, those last few hours that you’re working – the ones that ...
by Ron Ronnerson
Sun Apr 09, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 11320

Re: High Income earners, whats your Tax Strategy?

Though we’re not terribly high-income by Boglehead standards with our income of $150k/year (this is just from paychecks), we’re in the 15% tax bracket, qualify for the full child tax credit, and work a lot less than most people. Here’s our approach: Contribute to a pension Contribute to a 457b Contr...
by Ron Ronnerson
Wed Apr 05, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is your definition of 'Savings'?
Replies: 25
Views: 1676

Re: What is your definition of 'Savings'?

There isn't a clear answer on this and I've wondered about it myself. For practical purposes, I just think of it as savings in bank and retirement accounts. However, technically, I think it should perhaps include anything that increases net worth. For example, someone could take out a 10 year mortga...
by Ron Ronnerson
Sun Apr 02, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 25185

Re: Low-earners- What is your profession?

I noticed there is a thread asking people making over $100k/yr what their profession is.... I'm curious... What are the other "low-earners" doing for work? Great thread. I responded in the high income thread as well since I make over $100k/year (and my wife earns about $50k per year) but ...
by Ron Ronnerson
Sat Apr 01, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 9512

Re: What career helped you become wealthy?

It's interesting that "wealthy" isn't defined so it's open for interpretation as to who would qualify. I feel pretty wealthy but probably fall quite a bit short by Bogleheads standards. My overall approach in life has been to try to optimize rather than maximize. For example, I like things...
by Ron Ronnerson
Thu Mar 30, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends posted after account transfer - what to do?
Replies: 6
Views: 727

Dividends posted after account transfer - what to do?

We recently did a full transfer of my wife’s Roth IRA from Scottrade to TD Ameritrade. The transfer occurred on 3/29/17, Scottrade charged a $75 fee for doing a full transfer (which TDA said they'll reimburse), and the balance in the old account showed to be $0. Today, on 3/30, there is a cash balan...
by Ron Ronnerson
Tue Mar 28, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Child Planning Checklist
Replies: 42
Views: 3220

Re: Child Planning Checklist

My wife is expecting our first child in a couple of months and we would like to start getting things in order before our child is born. If you were to list the 4 or 5 most pressing items we should, what would they be? Life insurance? A will? College savings plan? If we went term, how long should th...

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