Search found 54 matches

by calliecake47
Sat Sep 23, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone own a home and drop insurance coverage after mortgage paid off?
Replies: 36
Views: 2073

Re: Anyone own a home and drop insurance coverage after mortgage paid off?

I just recently got a quote of around $2000 for a 2500sf home on a canal in Cocoa Beach. I don't remember what the deductible was but it wasn't anything unreasonable. Are you in a flood zone?
by calliecake47
Sun May 21, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: Place to put Cash - short term
Replies: 30
Views: 4306

Re: Place to put Cash - short term

Short term meaning 2 to 5 years. I have some money in the money market fund, was looking to try to get a better return, but I can see the risk in that time frame outweighs the return if we had a downturn. Thanks.
by calliecake47
Sun May 21, 2017 11:00 am
Forum: Investing - Theory, News & General
Topic: Place to put Cash - short term
Replies: 30
Views: 4306

Re: Place to put Cash - short term

Have you looked at treasuries? Six month to 364 day t-bills 1%+. They have very short durations, razor thin bid/ask spreads (reflects lots of liquidity) and are commission free when bought at auction at Schwab and Fidelity. Also, zero credit risk (I hope) and no FDIC caps. I think t-bills are unapp...
by calliecake47
Sun May 21, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: Place to put Cash - short term
Replies: 30
Views: 4306

Place to put Cash - short term

So I'm trying to figure out where to put some short-term cash. I'm looking at a couple options: VWIUX, Intermediate Tax Exempt bond NYLT, NY Long Term Tax Exempt bond CD at Synchrony Bank I used the calculator for tax-exempt bonds, based on our tax bracket (28 fed, 7 state) VWIUX yield is 1.956% equ...
by calliecake47
Sat May 20, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: At crossroads with Annuity
Replies: 21
Views: 2056

Re: At crossroads with Annuity

I think the "easiest" decision would be to exchange the annuity to a low-cost annuity provider like Vanguard (there are others too). This has the effect of putting off your decision. I believe that this annuity could be best used to buy a SPIA/DIA to act as an additional pension with your...
by calliecake47
Sat May 20, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: At crossroads with Annuity
Replies: 21
Views: 2056

Re: At crossroads with Annuity

Not enough info. Why/reason for the purchase? Do those reasons exsit today? Do you believe that their are good chances that condition could exist again? We have about 16 months before have to make your decision. See notes below. We purchased it because the FA said it was essential to our plan to ha...
by calliecake47
Fri May 19, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: At crossroads with Annuity
Replies: 21
Views: 2056

Re: At crossroads with Annuity

The problem with continuing to hold it is that you continue to incur the fees, and you continue to convert the future qualified dividends, long-term capital gains and tax-exempt income to ordinary income. Since the sales charge drops by 5% at the end of this year, you may want to keep it at least u...
by calliecake47
Fri May 19, 2017 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: At crossroads with Annuity
Replies: 21
Views: 2056

Re: At crossroads with Annuity

I have a few things in common with your situation. Exceptions are: - spouse and I are older than you two - annuity value is slightly higher - basis is significantly lower - it has always been a "low cost" VA, first with Fido and now with VG If I could walk the dog back, I wouldn't have bo...
by calliecake47
Thu May 18, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: At crossroads with Annuity
Replies: 21
Views: 2056

At crossroads with Annuity

Trying to figure out what to do with a variable annuity that we purchased. To make a long story short, we believe it was a mistake to do this, but we were convinced by FA that it was essential to our plan. So here we are now… Background Husband age 62, I am 55 Current state NY Anticipate taking SS a...
by calliecake47
Thu May 18, 2017 10:43 am
Forum: Personal Consumer Issues
Topic: Tipping at All Inclusive Resort?
Replies: 67
Views: 5861

Re: Tipping at All Inclusive Resort?

One trick for tipping on vacations when you know you will be tipping a lot (like cruises) is to get a bunch of $2 bills ahead of time. (I had to preorder these at a main branch of my bank, as I recall.) People love $2 bills! I know! I still have my $2 bills from when I waitressed 30 years ago! lol
by calliecake47
Sat May 13, 2017 7:21 pm
Forum: Personal Consumer Issues
Topic: Tipping at All Inclusive Resort?
Replies: 67
Views: 5861

Re: Tipping at All Inclusive Resort?

What do you typically leave at any hotel for the maid? I usually leave $3/day. Not sure if this is too low or about right?
by calliecake47
Sat May 13, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Tipping at All Inclusive Resort?
Replies: 67
Views: 5861

Tipping at All Inclusive Resort?

My husband and I just came back from vacation in DR at an AI resort. We always bring money to tip everyone, but we noticed that a lot of people do not tip. For example, this is what we would typically leave for tips: Drinks - $1/drink Buffet Breakfast/Lunch/Dinner - $3-$5 Sit down dinner - $10 Just ...
by calliecake47
Thu Apr 27, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 14
Views: 1612

Re: Help with Retirement Plan

Thanks for all the responses. I did make a typo in the post though. I mistakenly put that we planned a 100k withdrawal, but it should say at least 150k. I just wanted to correct that for any responses going forward. That's 150k withdrawal or $150k spending? Make sure you ballpark your taxes. 150k w...
by calliecake47
Wed Apr 26, 2017 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 14
Views: 1612

Re: Help with Retirement Plan

Peter Foley wrote:Taylor wrote:

I think it would be prudent to hold as much as 3 years worth of cash in your taxable account to help manage taxes and avoid a bad sequence of returns in the first years of your retirement.


That's what I was thinking but I thought that might be stupid so I'm glad you said that!
by calliecake47
Tue Apr 25, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 14
Views: 1612

Re: Help with Retirement Plan

So in an effort to try to make this tax efficient we keep the bond funds in the retirement portion and the stocks in the taxable, I get that. We're looking to do a 60/40 or 50/50 split. So if we have say 70% of our assets in taxable and 30% in retirement, we will need to have a lot of bonds/cd/tips ...
by calliecake47
Tue Apr 25, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 14
Views: 1612

Re: Help with Retirement Plan

OK thank you. I made the correction.
by calliecake47
Tue Apr 25, 2017 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 14
Views: 1612

Re: Help with Retirement Plan

Thanks for all the responses. I did make a typo in the post though. I mistakenly put that we planned a 100k withdrawal, but it should say at least 150k. I just wanted to correct that for any responses going forward.
by calliecake47
Tue Apr 25, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 14
Views: 1612

Re: "The Bogleheads Guide to Retirement Planning"

Callie: I would like to suggest that many of your questions (and more) are answered in The Bogleheads' Guide to Retirement Planning . This is the link. All royalties are donated to The National Constitution Center where Mr. Bogle was the first chairman. Best wishes. Taylor Thank you. I did read the...
by calliecake47
Mon Apr 24, 2017 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 14
Views: 1612

Help with Retirement Plan

My husband and I are now planning to retire either at the end of the year or early next year. We had originally planned to work longer, but the opportunity seems to be now. With help from Bogleheads this past year we’ve separated from our FA and sold a gazillion different accounts and now have somet...
by calliecake47
Tue Mar 21, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Scenario
Replies: 16
Views: 2237

Re: Social Security Scenario

OK thanks!
by calliecake47
Thu Mar 16, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Scenario
Replies: 16
Views: 2237

Re: Social Security Scenario

The PIA estimates are good. I had downloaded the tool from the ssa website and put in 0 for the years not working. We tried the bedrock calculator, it suggested that I start taking at age 62, husband start at age 70, and then death benefit for me would be what he collected at age 70, which now seems...
by calliecake47
Thu Mar 16, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Scenario
Replies: 16
Views: 2237

Social Security Scenario

My husband and I are now looking to retire early, we do not have to take social security right away and we want time to do Roth conversions. Wife (me) is now 55, FRA is 67, PIA is $27,384 Husband is now 61, FRA is 66, PIA is $30,900 My husband waits to take his Social Secuirty at 70, at which time I...
by calliecake47
Sun Feb 26, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: Caribbean vacation with 3 kids
Replies: 27
Views: 2525

Re: Caribbean vacation with 3 kids

We fly out of JFK also and sometimes Islip, there are some deals out there. Mexico and Dominican Republic are the least expensive from our own personal experience. We stayed at a place near Playa del Carmen, MX - Grand Palladium White Sand Resort. All Inclusive decent prices, very large place and ha...
by calliecake47
Tue Nov 15, 2016 8:02 pm
Forum: Investing - Theory, News & General
Topic: Total Stock vs Total Bond
Replies: 19
Views: 2035

Re: Total Stock vs Total Bond

I'm a small business owner so I take a small salary and then when receivables come in I get a larger check. I know I should stick to my plan, just wavered a bit for a moment thinking about hedging the bet. But it is better to stick with the my long term investment plan. Thanks!
by calliecake47
Tue Nov 15, 2016 12:53 pm
Forum: Investing - Theory, News & General
Topic: Total Stock vs Total Bond
Replies: 19
Views: 2035

Total Stock vs Total Bond

Wondering what people's thoughts are on Total Stock vs Total Bond right now. If you had $20K to throw into the market, where would you put it?
by calliecake47
Thu Nov 10, 2016 9:47 pm
Forum: Personal Consumer Issues
Topic: Problem with Graduate School
Replies: 30
Views: 4831

Re: Problem with Graduate School

I don't want to go into all the details because it's not my story to tell. That being said there were some issues with an illness and because of that the department head and a couple of profs didn't feel that it was good fit with their school. And yes, there is evidence that grades were changed as u...
by calliecake47
Thu Nov 10, 2016 7:49 pm
Forum: Personal Consumer Issues
Topic: Problem with Graduate School
Replies: 30
Views: 4831

Problem with Graduate School

A friend of mine attended a graduate school and found out that some of his grades were manipulated to show a lower grade and force him to leave the school. Does anyone know of any recourse that he might have? He has filed a grievance with the dean, but has not even heard back. The cpc protects you a...
by calliecake47
Tue Sep 13, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 11
Views: 1695

Social Security Question

Spouse and I have been trying to find an answer to this question: Spouse is 6 years older than me and higher earner I start taking my social security at age 62 (spouse is now 68) He starts taking social security at age 70 At some point spouse passes If I then revert to his social security, because i...
by calliecake47
Sun Aug 28, 2016 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Options for Health Insurance in NY
Replies: 3
Views: 330

Re: Options for Health Insurance in NY

Yes, the costs just got so crazy and we only had 2 people left on it and they found out they could get it cheaper on the exchange, because we split the cost with the employee. So that just leaves us now. We are in Suffolk County. We got our insurance through our broker, but the prices seemed to be t...
by calliecake47
Sun Aug 28, 2016 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Options for Health Insurance in NY
Replies: 3
Views: 330

Options for Health Insurance in NY

Since the ACA started, our health insurance, which is just a tax it seems, really sucks. First, we started with Health Republic and got caught up in that whole debacle where our insurance was cancelled in Nov 2015, which I'm still fighting with to get stuff covered, a big mess. Now, we're with Care ...
by calliecake47
Fri Aug 26, 2016 8:05 am
Forum: Investing - Theory, News & General
Topic: Timing the Stock Market...lol
Replies: 25
Views: 3053

Re: Timing the Stock Market...lol

I know they say there's no such thing as a stupid question but I knew it was stupid before I asked it! lol I had read a couple of articles on line and I can't seem to find them now, I think they just popped up when I was on a different site. And some people were talking around the water cooler at wo...
by calliecake47
Thu Aug 25, 2016 7:17 am
Forum: Investing - Theory, News & General
Topic: Timing the Stock Market...lol
Replies: 25
Views: 3053

Timing the Stock Market...lol

I know timing the stock market is not possible and foolish. Just wondering what everyone's thought is on the stock market with the upcoming elections. There's a lot of talk about a huge drop either right before or right after the election and depending on who gets elected, it could be an even bigger...
by calliecake47
Thu Aug 25, 2016 6:46 am
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to Employee Fiduciary
Replies: 16
Views: 1647

Re: 401k Rollover to Employee Fiduciary

I just wanted to provide an update to this. We just finished our blackout period for the 401k and the move to Employee Fiduciary is complete. The transition was seamless and our rep at EF was extremely knowledgeable and very helpful. I was nervous at first because we wouldn't have an FA, but everyon...
by calliecake47
Thu Jun 23, 2016 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

Once things are moved and settled, you could convert the basis of each IRA to Roth IRA. This leaves only untaxed money in the IRAs which can then be rolled into the 401k plans (assuming your new 401k allows this - be sure it does). This would reduce your number of accounts by two and make things a ...
by calliecake47
Mon Jun 20, 2016 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to Employee Fiduciary
Replies: 16
Views: 1647

Re: 401k Rollover to Employee Fiduciary

Thanks everyone. Looked at everyone's comments and I agree we should keep it simple so I think for now I will stick with the TSP sample, that seems to be the best choice for us now. I'm super excited to get away from the previous provider who was charging anywhere from 1.63% to 2.54%. Really so happ...
by calliecake47
Thu Jun 16, 2016 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to Employee Fiduciary
Replies: 16
Views: 1647

Re: 401k Rollover to Employee Fiduciary

Employee Fiduciary offers Vanguard as well as other funds in their 401k plans and they will appear on one statement. I am told they have a large variety, so I'm assuming anything that is fairly well known will be on the list. I did receive a sample, which is what I used to get to this point, but the...
by calliecake47
Thu Jun 16, 2016 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to Employee Fiduciary
Replies: 16
Views: 1647

401k Rollover to Employee Fiduciary

We are now in the process of switching over from our existing 401k plan to Employee Fiduciary. We're at the point where we have to choose the fund lineup. I'm struggling with this a bit. Looking for any input and help, changes, suggestions and would like to add a couple more non-Vanguard funds. I ju...
by calliecake47
Thu Jun 16, 2016 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

I feel bad that you redid this but thanks so much!

I'm starting a new thread on the 401k now
by calliecake47
Wed Jun 08, 2016 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

We are looking now so I would say within 18 months
by calliecake47
Tue Jun 07, 2016 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

We might take 300K of the non-retirement for a house purchase. I re-read the Roth conversion/401k thing a couple times and I understand the concept. I'm wondering if this could apply to my situation with the 401k being a safe harbor and us being the owners, if we would be allowed to do that under th...
by calliecake47
Sun Jun 05, 2016 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

This looks great. I have some questions: Since you brought it up, what would happen if we were to use part of the joint account to buy something, would that change the funds or I would just have to rebalance everything when I took the money out? When you say tax free munis are you thinking individua...
by calliecake47
Sat Jun 04, 2016 6:20 am
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

I’ve updated everything again with the current balances. All of the non-retirement and IRA accounts are moving over more or less cashed out. Some individual funds were cheaper to bring over in-kind, but once they’re at Vanguard, which should be early next week they will all be in money market accoun...
by calliecake47
Tue May 31, 2016 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

Yeah, for me(us) the hardest part is making the decision, once I decide I'm going to move forward, I rarely change my mind, I just get it done, and it's just work from there. No more worrying about it, just moving on. I haven't moved the separate account that's at Fidelity yet, will do that last. Al...
by calliecake47
Tue May 31, 2016 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

Just wanted to give an update: 401k is in the process of moving Accounts with FA in the process of moving I will follow up on the 8606 forms shortly I have been jammed at work since I got back and have little time to put towards anything else, so I'm trying to fit it in where I can. Joint accounts h...
by calliecake47
Tue May 03, 2016 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

Thank you so much for all your help. We have a meeting set up with FA at end of May so at that point I can start on all this. I would like to do it sooner bu I am out of the country next week and then the week after I have a week long business trip so I'm trying to get a lot of stuff set at work in ...
by calliecake47
Sun May 01, 2016 6:28 am
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

Thanks. In regards to the 401k. I had a very good conversation with Employee Fiduciary. Their fees are very reasonable for a small plan like ours. I think it came out to like$1700 ($1500 plus 0.08% of total, which in my case is around $250K) without any additional employee fees and they do not step ...
by calliecake47
Thu Apr 28, 2016 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

OK - I broke it all apart. Debt: Mortgage $258K @ 3.5% Tax Filing Status: Married filing jointly Tax Bracket: Fed 25%/28% marginal, NYS 6.6%/6.7% marginal Age: Spouse A 54/Spouse B 60 SPOUSE A Traditional IRA $9,562 Fidelity Govt Mmkt Daily Money Class FZBXX $12,573 American Amcap Fund F2 AMCFX $10,...
by calliecake47
Tue Apr 19, 2016 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

8606s on IRAs are $100K
by calliecake47
Mon Apr 18, 2016 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

Thanks for your responses, here are some answers, still working on some others. Tax rate differs from year to year between the two. We have 8606s, I will compile that and report back. We would like to move them to Vanguard, so not sure on how much should go in what funds. Also, the IRAs are a mix of...
by calliecake47
Fri Apr 15, 2016 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 49
Views: 7505

Re: Time to follow the Boglehead way?

OK. I think I have compiled everything now. So here we go: Debt: Mortgage $258K @ 3.5% Tax Filing Status: Married filing jointly Tax Bracket: Fed 25%/28% marginal, NYS 6.6%/6.7% marginal Age: 60/54 We have a mix of investments of which about 48% are joint, non-retirement and 52% are retirement. I am...