Search found 2814 matches

by cherijoh
Thu Jul 28, 2016 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Small Pension vs. Small Lump Sum
Replies: 12
Views: 788

Re: Small Pension vs. Small Lump Sum

Am I missing something? Immediate Annuities, while a good tool and sales site, is really only accurate if annuitization is imminent. You won't be annuitizing for well over 20 years--current low rates make for a poor comparison. Secondly, a better comparison (if married) is using the monthly pension...
by cherijoh
Wed Jul 27, 2016 7:34 am
Forum: Investing - Theory, News & General
Topic: John Bogle's home
Replies: 36
Views: 6294

Re: John Bogle's home

I remember when I bought my house, it was a brand new Townhome (which I still live in) and the realtor kept on saying, it's going to make a wonderful starter home and all I kept thinking to myself was, no it's going to make a wonderful permanent home especially when i pay off the mortgage which I d...
by cherijoh
Wed Jul 27, 2016 7:03 am
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 64
Views: 3111

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

trueblueky wrote:Take trains between cities. http://www.bahn.de gives you the schedules.


Any particular reason you are linking to the German train website (in German)? :confused I think this website would be a better bet for trains in Italy.
by cherijoh
Wed Jul 27, 2016 6:53 am
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 64
Views: 3111

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

July can be incredibly hot in southern Europe. +1 I wouldn't dream of visiting Italy in July. Americans do not realize how spoiled we are regarding A/C. I visited Italy in the spring of 2014 and did a packaged tour. We had a free day in Rome and got to experience the subway - it was hot and stiflin...
by cherijoh
Wed Jul 27, 2016 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Refinance consideration based perceived benefits
Replies: 12
Views: 634

Re: Refinance consideration based perceived benefits

I would expect between a 1+% drop in mortgage rate and the elimination of PMI, that a refi might make sense. But you haven't provided nearly enough information to give an informed opinion. IMO, you can't just look at the mortgage payment amounts in isolation. When you do a refinance you are getting ...
by cherijoh
Mon Jul 25, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing fairly new home
Replies: 11
Views: 1178

Re: Refinancing fairly new home

There are always plenty of folks on forums that bluster about opportunity costs versus paying off mortgage, and how they can make big returns with investments rather than paying off lowly mortgage, blah, blah... there is nothing better for a person's long term financial security (and peace of mind)...
by cherijoh
Mon Jul 25, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12209

Re: Evicting a tenant-Hire lawyer?

Did you ever let the other tenant that referred this tenant know what was going on? I know that if I were the one doing the referring that I would want to know in order to avoid making the same mistake in the future. I didn't inform them of the situation, however, they're aware she no longer lives ...
by cherijoh
Mon Jul 25, 2016 1:15 pm
Forum: Personal Consumer Issues
Topic: Car totaled, no collision insurance
Replies: 70
Views: 5558

Re: Car totaled, no collision insurance

Just for the record: My decision to cancel collision and comprehensive was based largely on our cars: 2002 Ford Escape, 2005 Honda Civic, 2004 Honda Pilot, and the now deceased 2009 Subaru Forester. For all of those but the Forester, my guess is even a relatively minor event would have been declare...
by cherijoh
Mon Jul 25, 2016 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Who should my wife and I see, a Financial Advisor, planner, etc.
Replies: 38
Views: 2372

Re: Who should my wife and I see, a Financial Advisor, planner, etc.

My wife and I just got a contract on our house and will be closing soon. We also have a 2 year old son. We are looking for a local professional to look at all our finances and help us make some decisions like... -What budget should we allow for our next home -Are we saving enough for retirement -Ot...
by cherijoh
Mon Jul 25, 2016 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Who can I name as executor if I have no family or friends?
Replies: 12
Views: 2060

Re: Who can I name as executor if I have no family or friends?

Butting in as I have similar interests, or leastways don't want to dump the task on people who do not want it. I don't see how the suggestions regarding trusts and charities answer the question-- you still need an executor, even if a lot has been diverted, right? I'd make things as organized and ti...
by cherijoh
Mon Jul 25, 2016 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12209

Re: Evicting a tenant-Hire lawyer?

Very interesting thread on so many different levels. Firstly, this is a good reminder of why I have avoided becoming a landlord like the plague, I'll take my lumps in the market anyday over dealing with a stressor like this. Secondly, it's a great reminder of how in the real world (outside the Bogl...
by cherijoh
Sun Jul 24, 2016 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 26
Views: 1894

Re: Seeking wisdom on a career crossroad

I have seen many people say the work environment at Company A is toxic. But at the same time, you wonder if these are people who simply didn't want to produce at a high level or just couldn't cut it. I have seen many top producers leave which gives me pause as well. It just seems like management at...
by cherijoh
Sun Jul 24, 2016 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12209

Re: Evicting a tenant-Hire lawyer?

How did she get in the house without two mnths rent money received? She wrote a check for prorated rent and security deposit. Yes, it was foolish to accept a personal check from her. I made an exception as she was a referral from one of my best tenants. Also, her net income is nearly 4x rent, so I ...
by cherijoh
Sun Jul 24, 2016 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 26
Views: 1894

Re: Seeking wisdom on a career crossroad

I am currently in a crossroad where I have to make a decision regarding a job change. Many here are much older and wiser than myself so I thought it to be prudent to get some opinions. I currently work for Company A in sales. I've been with Company A for 6 years and have developed relationships wit...
by cherijoh
Sun Jul 24, 2016 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Dump $5500 to Roth IRA on Day 1 of every year or split contribution to 12 months?
Replies: 32
Views: 2941

Re: Dump $5500 to Roth IRA on Day 1 of every year or split contribution to 12 months?

This is an interesting question. I always try to contribute the full amount as soon as possible. The only reason not to do this is if you think you might exceed the contribution limits. If this is the case - you might think about dollar cost averaging a little every month. As it gets closer to the ...
by cherijoh
Sun Jul 24, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12209

Re: Evicting a tenant-Hire lawyer?

I did get somewhat of a break on Friday. I spoke with the police regarding the situation and decided to press charges. They said it's going to be very difficult to get the breaking and entering charge to stick, however, it will not be hard to convict her of check fraud. The police said to mail the ...
by cherijoh
Sun Jul 24, 2016 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12209

Re: Evicting a tenant-Hire lawyer?

What constitutes check fraud? I mean, what if a person writes a check and then suddenly has an emergency, so their bank balance becomes negative by the time the check is processed, Is that check fraud or not? I doubt that would count, especially if you then make good on the debt and pay for any fee...
by cherijoh
Sun Jul 24, 2016 12:24 pm
Forum: Investing - Theory, News & General
Topic: M* Rekenthaler: Mind Games Investors Lose
Replies: 7
Views: 1004

Re: M* Rekenthaler: Mind Games Investors Lose

Morningstar has just published a relatively lengthy commentary wherein John Rekenthaler discusses with Russel Kinnel and Jason Hsu Tne Mind Games Investors Lose and specifically Investor Returns compared to the published returns of mutual funds. That is, the Investor return gap. Much of the article...
by cherijoh
Sun Jul 24, 2016 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11432

Re: Early retirees, how much did you leave on the table?

After reading posts about SWR, need for "risk" in rising equity portfolios in retirement, negative bond yields and rising equity valuations, I wonder how many people delay retirement as a path of least resistance. In other words, working longer (being older) and amassing more is perceived...
by cherijoh
Sun Jul 24, 2016 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Rules of Thumb: Max House Value as % of Net Worth?
Replies: 78
Views: 4859

Re: Rules of Thumb: Max House Value as % of Net Worth?

How are you defining net worth and house value? Is house value the amount that the home would sell for in the current market? How is equity factored in (considered part of net worth?). It would seem to me that if you propose a 1:1 net worth to house value at 35 you are implying that someone would t...
by cherijoh
Sun Jul 24, 2016 10:36 am
Forum: Investing - Theory, News & General
Topic: Help Me Understand: Why Shouldn't AA Be 100% Stocks During Accumulation Phase?
Replies: 178
Views: 8840

Re: Help Me Understand: Why Shouldn't AA Be 100% Stocks During Accumulation Phase?

Let's assume one does not plan on selling any funds until retirement begins. Meaning, s/he is not going to sell at a loss during the accumulation phase. Nor is there a risk of having no assets when trying to cash out (because one will not cash out quite yet). Until retirement s/he's only buying fun...
by cherijoh
Sun Jul 24, 2016 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Rules of Thumb: Max House Value as % of Net Worth?
Replies: 78
Views: 4859

Re: Rules of Thumb: Max House Value as % of Net Worth?

What are some good prudent rules of thumb for one's max house value as a % of net worth? It seems a lot of people think about it from an income perspective, but I have not come across a rule of thumb for net worth. Obviously this is a complicated consideration and dependent on many factors (e.g., w...
by cherijoh
Sun Jul 24, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Retirement, House, Kids - How to afford all three?
Replies: 61
Views: 4732

Re: Retirement, House, Kids - How to afford all three?

And many Americans don't save for retirement because their $50k income is devoured by market rent or a mortgage and normal healthcare costs. Not sure how you managed $500 combined for those costs (not to mention how you survive of $150 a month in food) but those costs are insanely low. Well, like I...
by cherijoh
Sun Jul 24, 2016 8:18 am
Forum: Personal Consumer Issues
Topic: Whole House Humidifier
Replies: 11
Views: 779

Re: Whole House Humidifier

I had a new heat pump installed a year ago and last winter was just miserable. Dry eyes, dry sinuses. Even the paint on my cabinets retracted so much I thought I was going to have to have them repainted. On several occasions, people have mentioned how much they love their whole house humidifiers. I...
by cherijoh
Sun Jul 24, 2016 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Does pension affect asset allocation?
Replies: 19
Views: 1794

Re: Does pension affect asset allocation?

but does the potential of having a pension mean we should change our current AA to something more aggressive? We are currently about 80/20 stocks/bonds. Probably not. For some on this forum, 80 / 20 is a tad too aggressive for your age. But, that's an equine of a different hue. The AA has more to d...
by cherijoh
Sat Jul 23, 2016 12:29 pm
Forum: Personal Consumer Issues
Topic: Visiting Acadia National Park - Tips?
Replies: 22
Views: 1496

Re: Visiting Acadia National Park - Tips?

There are some cool little towns along the Maine coast on the way up to Acadia NP. The two I have visited are Boothbay Harbor and Camden. Within the park, there are some pretty strenuous hikes that might be too much for the kids, but there are quite a few that would work. Hiking around Jordan's Pond...
by cherijoh
Sat Jul 23, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage broker prohibiting me from refinancing
Replies: 18
Views: 2181

Re: Mortgage broker prohibiting me from refinancing

Have interest rates really dropped enough in 6 months to make the closing costs and hassle worth it? I was looking at it and other than the "advertised" specials I wasn't finding real rates worth it. We closed 8 months ago. The amount of closing costs vary by location as cities and counti...
by cherijoh
Sat Jul 23, 2016 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11432

Re: Early retirees, how much did you leave on the table?

I am confused because it appears most people aren't accounting for their expenses that would have been paid by their paychecks that had to be paid by their retirement portfolios in calculating what they left on the table. :confused Am I missing something here? :oops: Well I assumed that was a given...
by cherijoh
Sat Jul 23, 2016 7:27 am
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 8376

Re: Reliving the Nightmare of the Crisis

With all the mentions of margin, options, single stocks, market timing, futures, and 100% stock portfolios lately, I thought the forum could use some context in the form of reliving the financial crisis. What are your favorite threads or news stories from that time? What are some memories that stuc...
by cherijoh
Sat Jul 23, 2016 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11432

Re: Early retirees, how much did you leave on the table?

and the fact that I would definitely have been leaving my work team in the lurch. The senior member of our small team took a new role last fall and I am the primary person training his replacement who started just before Thanksgiving. Another employee took family leave starting in early February le...
by cherijoh
Sat Jul 23, 2016 6:14 am
Forum: Investing - Help with Personal Investments
Topic: Help with leaving employment - rollover pension or leave it?
Replies: 19
Views: 923

Re: Help with leaving employment - rollover pension or leave it?

I'll be leaving state law enforcement very soon. I'm 30 years old, my options are to leave the 36k in my pension plan in place and get an annuity of 1,000 a month when I turn 60, or to roll the 36k into an ira. I'm guessing that 1,000 a month when I'm 60 will be worth less than half of that. So sho...
by cherijoh
Fri Jul 22, 2016 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11432

Re: Early retirees, how much did you leave on the table?

This time last year, I thought I would retire 1Q 2016 (after the annual bonus payout), but here I am still working. So I guess I must cop to being a member of the OMY club. :oops: It was a combination of the stock market tanking in January and the fact that I would definitely have been leaving my wo...
by cherijoh
Fri Jul 22, 2016 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: IRA beneficiaries question
Replies: 15
Views: 1080

Re: IRA beneficiaries question

I'm by no means an expert, but if your minor children inherited your MIL's IRA while they were still minors, I think it could get very messy. A trust is probably a way around this, but I believe that it must meet specific criteria to qualify the recipients for the most favorable tax treatment (i.e.,...
by cherijoh
Fri Jul 22, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 184
Views: 14172

Re: How many folks choose to give inheritance to their children in unequal portions?

My FIL is a farmer and is not a real financial wizard. When his mother died, he was the executor of the estate. In the will, everything was split equally except the farmland went to those farming it. That was not a problem among the six siblings as that had been communicated for years. When settlin...
by cherijoh
Fri Jul 22, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12209

Re: Evicting a tenant-Hire lawyer?

Did she pick the locks? Or did she break a window to get in and then changed the locks from the inside? She had the locks drilled out by a locksmith. That's what I figured. Homeowners losing their key and being locked out isn't all that unusual in the locksmith world. As long as you have a driver's...
by cherijoh
Fri Jul 22, 2016 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12209

Re: Evicting a tenant-Hire lawyer?

Thank you for the input. The tenant did pass a preliminary background/credit check. They have a net income of over 3x rent and a mediocre credit rating. The doctor they work for provided a personal, written recommendation verifying her employment, salary and "character". Also, pay stubs a...
by cherijoh
Fri Jul 22, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 184
Views: 14172

Re: How many folks choose to give inheritance to their children in unequal portions?

OP, Seriously, if a person is financially irresponsible, how could more money helps? << is a constant source of worry because that child's employment track record is iffy and that child's spouse is a big spender and doesn't believe in saving. The friend is thinking about giving the most to the sing...
by cherijoh
Fri Jul 22, 2016 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Immediate annuities and my retirement plan
Replies: 48
Views: 4080

Re: Immediate annuities and my retirement plan

What am I missing here? I thought an immediate annuity was a terrible proposition due to the current low interest rate environment. On the other hand, I thought deferred annuities where you build up longevity credits is the way to go. I go back and forth whether I should purchase a deferred annuity...
by cherijoh
Fri Jul 22, 2016 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Potential Rental Property
Replies: 22
Views: 1689

Re: Potential Rental Property

A condo will have assessments to cover common area maintenance and repairs. These are probably $200-400 a month for a $110,000 condo. Check carefully on the assessments and taxes. The condo board should have done a reserve study. You might not get to see it until you are an owner, but the current o...
by cherijoh
Fri Jul 22, 2016 6:26 am
Forum: Investing - Theory, News & General
Topic: Vanguard site shows funds not owned?
Replies: 14
Views: 1130

Re: Vanguard site shows funds not owned?

Can someone tell me why the Vanguard Web site continues to show funds in my portfolio that I once owned but sold 3-6 months ago? It shows a zero balance (ie. no shares owned) but I'd like to remove them from the fund list. I realize that when one sells shares, they show up due to the 30 day window ...
by cherijoh
Fri Jul 22, 2016 6:09 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 184
Views: 14172

Re: How many folks choose to give inheritance to their children in unequal portions?

If he wants to make sure his kids hate each other and his grandkids never see their cousins after he dies, go for it. Otherwise, leave everyone an equal share of the inheritance. There is nothing worse than trying to play deus ex machina and penalizing the successful child in the process. Also, it ...
by cherijoh
Fri Jul 22, 2016 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Tax help - IRS asking for money for 2014- messed up backdoor ROTH - form 8606 - PLEASE HELP!!!!!!!
Replies: 37
Views: 2525

Re: Tax help - IRS asking for money for 2014- messed up backdoor ROTH - form 8606 - PLEASE HELP!!!!!!!

No, I didn't do anything for year 2013 or 2015. This money was put in 2014 only, I tried to do the back-door roth ira thru vanguard, and then I needed the money for an emergency, so I pulled it out within a few weeks. That's good. I still can't figure why they think you owe for $22k, not $11k unles...
by cherijoh
Fri Jul 22, 2016 5:07 am
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 33
Views: 3907

Re: IRS questioning my backdoor roth?

WarChest wrote:Oh, and yes, I failed to report any distribution from IRA (taxable or not) on 1040. Blame me, turbo tax, etc...

Lesson learned, will be crushing my taxes come next year!


Never Ignore a Form 1099 - it MUST appear on your tax form or you will be hearing from the IRS sooner or later. :oops:
by cherijoh
Thu Jul 21, 2016 7:05 pm
Forum: Personal Consumer Issues
Topic: World VCR production is ending next month. What to do with my old VHS tapes?
Replies: 57
Views: 4365

Re: World VCR production is ending next month. What to do with my old VHS tapes?

When my VCR failed years ago when DVDs were still fairly new (and before Blu-Ray), I replaced it with a combo VCR/DVD player which I still have.

They are also still available on Amazon.
by cherijoh
Thu Jul 21, 2016 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax help - IRS asking for money for 2014- messed up backdoor ROTH - form 8606 - PLEASE HELP!!!!!!!
Replies: 37
Views: 2525

Re: Tax help - IRS asking for money for 2014- messed up backdoor ROTH - form 8606 - PLEASE HELP!!!!!!!

Hi all, I seriously need some tax help. Here's the story, in 2014, over a span of about 2 months, I contributed to Vanguard IRA; put in $5500, then rolled over that money into a Vanguard roth ira, and then withdrew 5569.49 as a Roth 'early withdrawal.' I was 31 at the time, and stupid..........so, ...
by cherijoh
Thu Jul 21, 2016 5:56 am
Forum: Investing - Help with Personal Investments
Topic: Investing a Rollover
Replies: 5
Views: 341

Re: Investing a Rollover

Bogle_Feet wrote:Since 1928, on average the S&P 500 index has hit a new high every 18 days.

If you're diversified into bonds then who cares if stocks crash? You own bonds to protect against stock volatility.


But what is the standard deviation?
by cherijoh
Thu Jul 21, 2016 5:44 am
Forum: Personal Finance (Not Investing)
Topic: Credit Union Help!
Replies: 8
Views: 688

Re: Credit Union Help!

Would like some advice regarding a loan. Have never taken out a loan before, except for our mortgage. We recently purchased a new car and had to finance through Nissan to get the $1750 discount. Now the loan is at 4.4% and just made my first payment. Spoke to them and there is no pre-payment penalt...
by cherijoh
Wed Jul 20, 2016 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Help With Picking Job Title at Startup
Replies: 33
Views: 2113

Re: Help With Picking Job Title at Startup

I work for a small online media startup. There are only 2 people working on it full time in the USA. We are well funded, I make great money, I get to work from home, and I am technically the flipping COO. All good things, except something about being the "COO" is making me feel weird. Eve...
by cherijoh
Wed Jul 20, 2016 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 33
Views: 3907

Re: IRS questioning my backdoor roth?

Also, I guess I'm focusing on Form 5498 because that is one of the forms they mention in their letter saying that if it is a rollover to please provide that form. I haven't gone back in and looked at my turbo tax return to see about the other forms you folks are mentioning. Form 5498 is a form that...
by cherijoh
Tue Jul 19, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 57
Views: 7877

Re: Early retirees, at what age did you "retire"? Is it working out?

The biggest thing I miss from working is a certain kind of mental stimulation that is hard/impossible to replicate outside of work. I'm used to trying to help a team of 50-100 make revenue of $50 million, dealing with career growth (for the people I'm responsible for), succession planning, strategy...

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