Search found 3862 matches

by cherijoh
Mon Aug 21, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: How to Undo Backdoor Roth Completely
Replies: 10
Views: 1116

Re: How to Undo Backdoor Roth Completely

Thanks for your replies. I want to roll my 401k to tIRA because the investment options in the 401k are so limited that I expect to lose a lot compared to a tIRA even in the remaining months of this year. That is why I do not want to wait until the next year. I have not considered the superior ERISA...
by cherijoh
Mon Aug 21, 2017 7:07 am
Forum: Personal Consumer Issues
Topic: Little P**S Ants
Replies: 57
Views: 7402

Re: Little P**S Ants

I've usually found that to fix ants in the house you ultimately have to figure out where they are coming from and then bug spray the source and seal the hole off. It almost always works but finding the source takes detective work. You may have to leave them alone a few days and even give them some ...
by cherijoh
Mon Aug 21, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Starting my career on the right foot
Replies: 12
Views: 1425

Re: Starting my career on the right foot

My masters degree will probably cost somewhere in the neighborhood of 10-20k. Be sure and check with your employer to see if they offer any tuition assistance for furthering your education. In some cases you have to complete the class and achieve a certain grade and then they will reimburse you. Si...
by cherijoh
Mon Aug 21, 2017 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Help with trust / spendthrift in-law
Replies: 24
Views: 3164

Re: Help with trust / spendthrift in-law

I have read enough of bsteiner's comments to know that he recommends that inheritances go into a trust to protect against divorce and creditors. The problem though is that if ChildA has access to income or principal from the trust then ChildA can be pressured by his/her spouse to spend the funds in...
by cherijoh
Fri Aug 18, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 144
Views: 11905

Re: Jobs that pay over $100,000

Jags4186 wrote:
Fri Aug 18, 2017 2:53 pm
Sales or Human Resources.
Human Resources? I doubt it - the field has traditionally been "pink collar" which rarely means high salary!

Sales is either feast or famine.
by cherijoh
Fri Aug 18, 2017 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 14940

Re: Lost $7000 today in ONE DAY!

pkcrafter wrote:
Thu Aug 17, 2017 8:54 pm
What, did something happen?

Paul
+1
Paul you are a true Boglehead! :happy
by cherijoh
Fri Aug 18, 2017 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Tax question about selling my house
Replies: 17
Views: 1328

Re: Tax question about selling my house

I agree that you should be able to exempt any gain. Just curious, who told who that was incorrect and did they tell you why? Someone here at work that is generally pretty knowledgeable told me that it's only tax exempt if you buy something more expensive and put that money towards it. That person i...
by cherijoh
Fri Aug 18, 2017 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion 5yr Holding Period?
Replies: 20
Views: 1788

Re: Roth Conversion 5yr Holding Period?

The main goal now is to figure out how to minimize tax owed for the conversions. 1. Convert when the markets crash. Really! If you want to convert 100 shares of Fund X at $50 now and next month the shares are worth $25, convert then. I think of it as "stocks (and conversion taxes) are on sale". If ...
by cherijoh
Fri Aug 18, 2017 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion 5yr Holding Period?
Replies: 20
Views: 1788

Re: Roth Conversion 5yr Holding Period?

The main goal now is to figure out how to minimize tax owed for the conversions. 1. Convert when the markets crash. Really! If you want to convert 100 shares of Fund X at $50 now and next month the shares are worth $25, convert then. I think of it as "stocks (and conversion taxes) are on sale". If ...
by cherijoh
Wed Aug 16, 2017 5:54 am
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 4533

Re: Best Housing To Avoid Noise

We started talking about avoiding noise on the 'When does renting make sense' thread. Many mentioned that owning a house does not mean less noise. They pointed out how hard it is to go through the process of selling a house if you get loud neighbors as well as the common experience of seeing that h...
by cherijoh
Sun Aug 13, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 7984

Re: Retire early, live abroad until 65 and come back

I would think it is easier for US born people who are open minded, find it easy to pick up new languages and find a community they fit in wherever they land. You're kidding right? Most older Americans would find it very difficult to learn a new language - especially if they are currently mono-lingu...
by cherijoh
Sat Aug 12, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down home or increase Retirement Contributions
Replies: 21
Views: 1387

Re: Pay down home or increase Retirement Contributions

Hello, Klangfool wrote" "Why would you choose to pay 25% tax in order to save 2.62% interest?" I am unclear what the 25% tax comes from, can you explain briefly? Thank you. I think Klangfool was talking about the pay taxes now vs. later argument and assumed OP is in the 25% marginal tax bracket. Ba...
by cherijoh
Sat Aug 12, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down home or increase Retirement Contributions
Replies: 21
Views: 1387

Re: Pay down home or increase Retirement Contributions

MAX OUT RET PLAN contributions The mortgage will be paid off +1 OP - IMO you are being very short-sighted to focus on eliminating below-market-rate debt over maxing out your retirement plans: Any excess tax-advantaged space that you leave on the table is lost forever. If you pay off your mortgage e...
by cherijoh
Sat Aug 12, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Bough gift cards from cash card.com and somebody else used them all
Replies: 25
Views: 2755

Re: Bough gift cards from cash card.com and somebody else used them all

ddurrett896 wrote:
Fri Aug 11, 2017 4:04 pm
misterno wrote: I can not believe this is happening. So what else can I do now?
I would start with the credit card company used to purchase the cards from cash card.
I think you only have 60 days from purchase to lodge a dispute with your credit card company.
by cherijoh
Sat Aug 12, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: How much Roth conversion?
Replies: 14
Views: 1167

Re: How much Roth conversion?

You might run your numbers in taxcaster. OTOH, you can convert all you want and then recharacterize some of it back to your tIRA before October 2018, so it really doesn't matter what our [TaxCaster's] answer might be. In other words, TaxCaster has so many simplifications that it isn't something you...
by cherijoh
Sat Aug 12, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: RE: Retirement and College Planning
Replies: 17
Views: 1251

Re: RE: Retirement and College Planning

Am I right you only have $70k in retirement accounts at 50 years old? If so you have work to do to fund your retirement in approx 15-20 years and especially if you want to help with kids college. Of course how much you need depends on how much you spend which i don't think you spelled out. Not want...
by cherijoh
Fri Aug 11, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Bernstein's Simpleton's Portfolio
Replies: 40
Views: 4267

Re: Bernstein's Simpleton's Portfolio

We hold four investments: VFIAX - Vanguard 500 Index Fund Admiral Shares VSMAX - Vanguard Small-Cap Index Fund Admiral Shares VTIAX - Vanguard Total International Stock Index Fund Admiral Shares VBIRX - Vanguard Short-Term Bond Index Fund Admiral Shares My wife and I are working towards financial i...
by cherijoh
Thu Aug 10, 2017 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Advice for retiring parent
Replies: 11
Views: 1164

Re: Advice for retiring parent

So, my parents just turned 61 and will be retiring next year. They have accumulated about 750k and have been pretty conservative with their investments throughout the years. I've convinced them over the past 5-6 years that they should at least have some of their portfolio in stocks(about 25%). They...
by cherijoh
Wed Aug 09, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can you switch to Obama care in the middle of cobra period
Replies: 10
Views: 950

Re: Can you switch to Obama care in the middle of cobra period

I'm a little confused. The qualifying event test only applies for enrolling in an ACA plan outside of the open enrollment period. During an open enrollment period, you can sign up for an ACA plan regardless of whether a qualifying event has occurred. Exhausting one's COBRA eligibility (at the end o...
by cherijoh
Wed Aug 09, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Save to buy home on cash
Replies: 17
Views: 1355

Re: Save to buy home on cash

Hi, I'm just wondering a good answer to this question: If someone wants to save money over about 10 years, to buy a home on cash, where should they put the money every month? (I suspect the answer won't be a total market index because of the time horizon). Thank. why would you want to buy your firs...
by cherijoh
Wed Aug 09, 2017 7:56 pm
Forum: Personal Consumer Issues
Topic: Acadia National Park: Bar Harbor, Maine
Replies: 28
Views: 2357

Re: Acadia National Park: Bar Harbor, Maine

We were there last September and also stayed at Edgewater Motel in one of the cottages. No frills but clean and quiet with a nice view of the lake. It's a nice place, but if we went back (at least at that time of year) we'd probably opt to stay in downtown Bar Harbor. We kept walking by the Bar Har...
by cherijoh
Wed Aug 09, 2017 6:37 am
Forum: Personal Finance (Not Investing)
Topic: kids think lazy if retire?
Replies: 70
Views: 7797

Re: kids think lazy if retire?

First of all, the folks stating that 30X current expenses is light.......I question your sanity and risk tolerance. WIth 30X current expenses @ 50, there is an extremely high probability that the OP will either receive health SS benefits or a pension at FRA. A 3.3-3.5% SWR has a 90-99% success rate...
by cherijoh
Tue Aug 08, 2017 4:12 pm
Forum: Investing - Theory, News & General
Topic: Still Buying As planned Regardless Of The World Situation
Replies: 72
Views: 7665

Re: Still Buying As planned Regardless Of The World Situation

DanMahowny wrote:Yep. Problems and reasons NOT to invest are easy to find if that's what people are looking for.

I'm always buying. I'll stop when I die.
You might change your tune when you are retired and you start drawing down your portfolio.
by cherijoh
Tue Aug 08, 2017 7:55 am
Forum: Personal Consumer Issues
Topic: Advise on house selling
Replies: 29
Views: 2065

Re: Advise on house selling

Start cleaning and decluttering. Remove as much personal stuff as you can from selves and walls. The less personal your house seems, the more someone else can picture themselves in it. Clean out closets to make them appear large, not full and small. Fresh paint/carpet if you can. Clean up the yard,...
by cherijoh
Mon Aug 07, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 7984

Re: Retire early, live abroad until 65 and come back

Euro nations, Southeast Asia. All more afforadable than US. Healthcare cost is just a fraction even compare to ACA cost. All these nationals are small but with different culture and rich in history. I believe between 50 to 65 is the golden year in human life: health, wealth, willingness to explore....
by cherijoh
Mon Aug 07, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Internal Job Transfer - No Change in Base Salary
Replies: 7
Views: 1122

Re: Internal Job Transfer - No Change in Base Salary

I took an internal transfer a few years back with no change in base salary. But it really was a lateral move (both were individual contributor roles) and my then current position was headed in the wrong direction due to bad leadership several levels up in the organization. (Within a year pretty much...
by cherijoh
Mon Aug 07, 2017 7:39 am
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 7984

Re: Retire early, live abroad until 65 and come back

> when I will claim SS at $3400 /month Check to see how this is calculated. It may assume that you continue to earn the same salary until full retirement age. If you have 35 years of earnings in already you should be good. It is an interesting plan although one I wouldn't have had the courage to us...
by cherijoh
Mon Aug 07, 2017 7:21 am
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 7984

Re: Retire early, live abroad until 65 and come back

Euro nations, Southeast Asia. All more afforadable than US. Healthcare cost is just a fraction even compare to ACA cost. All these nationals are small but with different culture and rich in history. I believe between 50 to 65 is the golden year in human life: health, wealth, willingness to explore....
by cherijoh
Sun Aug 06, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Forced Early Retirement - Advice Sought
Replies: 32
Views: 4454

Re: Forced Early Retirement - Advice Sought

Would also appreciate some advice on two items: - Split lump sum severance to pay off RV/Car or role entire lump sum/severance into new Vanguard tIRA? - Should we consider Roth conversions from Vanguard 401k prior to 70? Severance lump sum (Jun 2018 $328K - had planned to roll directly to new Vangu...
by cherijoh
Sun Aug 06, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: 401k loan for house down payment?
Replies: 11
Views: 1039

Re: 401k loan for house down payment?

Here is my situation that I hope to collect some wise suggestion form Bogeheads: I am owning a house but I am going to convert it to a rental property due to recent job relocation (do not suggest selling it or getting HELOC). I am going to purchase a new house but do not have enough CASH for down p...
by cherijoh
Fri Aug 04, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Email today from Quicken CEO...I assume changes are coming...
Replies: 7
Views: 1502

Re: Email today from Quicken CEO...I assume changes are coming...

But whenever I hear "enhancements" I assume "price increases". At least that's what happens whenever HR at work send emails about "exciting new changes" which increase my "choice" "options" "benefits" "flexibility" etc. :D I think that must be universal with all medium and large corporations. I kno...
by cherijoh
Fri Aug 04, 2017 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: My wife is getting ready to retire from thr Federal Government.
Replies: 30
Views: 2869

Re: My wife is getting ready to retire from thr Federal Government.

+1 My brother recently retired from the federal gov't and told me about several shorter retirement planning sessions that were very much worth the time. I went to a couple of these over the years and did find them helpful and harmless. I have since learned that some companies are instructing these ...
by cherijoh
Fri Aug 04, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21251

Re: A poll: How much money do you need to retire?

Sorry, guys, those days are gone for today's wannabe retirees. Seems like everything that advances a person now first sets you back way too much, so the gain is minimized. What do you mean by this? Mainly I was thinking of educational opportunities and the rise of student debt. Also, the loss of em...
by cherijoh
Fri Aug 04, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: My wife is getting ready to retire from thr Federal Government.
Replies: 30
Views: 2869

Re: My wife is getting ready to retire from thr Federal Government.

When my wife retired from federal employment, the feds provided a 2-day retirement planning seminar. I'd be wary of following advice from this private firm. Note that the feds might not offer an opinion on a private firm, there are some interference of commerce rules that tend to prevent the feds f...
by cherijoh
Fri Aug 04, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Helping mom with debt, investing, and spending
Replies: 34
Views: 1612

Re: Helping mom with debt, investing, and spending

Gross Income Streams $1,100 / mo in SS Disability $3,000 / mo in Alimony Expenses Debt Payments: $800 HOA/Utilities: $650 Medical/Drugs: $650 Food: $450 (too high, but not as high as it seems because she has to buy pre-made food since she often can't stand up to cook) Storage Unit: $300 (getting ri...
by cherijoh
Fri Aug 04, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Survey ate some of my property....
Replies: 25
Views: 2199

Re: Survey ate some of my property....

Doug E. Dee wrote:Look at your dead and check the lot line measurements. Maybe you can measure from another corner of your lot and see if this new survey makes sense.
I think you mean deed :wink:
by cherijoh
Fri Aug 04, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Selling a mutual fund and purchasing new mutual funds
Replies: 9
Views: 812

Re: Selling a mutual fund and purchasing new mutual funds

I'm in the process of rolling my SEP IRA over to Vanguard and will be investing in mutual funds at Vanguard. The rollover will be in kind and is being processed. I am not sure if this process usually takes as long as it has, but it's going on a few weeks now. When the transfer gets to Vanguard, I i...
by cherijoh
Fri Aug 04, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Approaches (forced) - review my situation?
Replies: 42
Views: 7252

Re: Early Retirement Approaches (forced) - review my situation?

You appear to be in good shape and have done a good job of analyzing your financial situation. A few thoughts. I understand the desire to have a higher equity allocation as a younger retiree. However, have you considered the impact of the sequence of return risk on your portfolio? A major downturn ...
by cherijoh
Fri Jul 14, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home + Renting out rooms
Replies: 15
Views: 1337

Re: Purchasing Home + Renting out rooms

I'm in a high cost of living city and trying to make the economics work out on purchasing the home by subletting rooms to other, is this a good idea? Cost: $3,000,000 Mortgage+Tax+Interest+Insurance: $15,000/month Income from subletting: $70,000 Income: $500-750k From my understanding I'd get taxed...
by cherijoh
Fri Jul 14, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Payout
Replies: 24
Views: 3098

Re: Pension Payout

I would look at your many options very closely. I have no need for the "pop-up" feature but it the only option my employer with provide. Also if the PV 100% J&S and 75% J&S were equivalent, I would have been leaning toward the 75% J&S. I believe I will outlive my resources. If...
by cherijoh
Fri Jul 14, 2017 11:12 am
Forum: Personal Consumer Issues
Topic: Suing soon to be former employer, do I have a case?
Replies: 17
Views: 2007

Re: Suing soon to be former employer, do I have a case?

Additional thought - probably one of the first things the attorney will ask - is how many people at your location are being affected by this office closure. If it meets certain criteria your employer would have needed to file a WARN (Worker Adjustment and Retraining Notification) notice with your s...
by cherijoh
Fri Jul 14, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: Suing soon to be former employer, do I have a case?
Replies: 17
Views: 2007

Re: Suing soon to be former employer, do I have a case?

I'll try to keep it short. My employer of over 10 years is closing down our regional offices, we were told we were getting laid off in 30 days. A few days later, I get an offer to go work in a different location (for the same company), half way across the country, different (terrible schedule), way...
by cherijoh
Fri Jul 14, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 5008

Re: When to max out 401k (Aspiring Early Retiree)

I'd suggest you find someone financially responsible and take a look a little bit further out of the city if possible. Everyone: I am financially responsible . I interpreted saj's comment as a reference to your GF based on the fact that you have made no mention of what she will contribute financial...
by cherijoh
Fri Jul 14, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 5008

Re: When to max out 401k (Aspiring Early Retiree)

$600k house with 20% down is probably at least $3k per month PITI. That's almost half your gross income. Even assuming you could get financing, you'd be massively house poor and likely unable to save anything for retirement at that point. I think you need to either try to keep renting or find a sma...
by cherijoh
Fri Jul 14, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 5008

Re: When to max out 401k (Aspiring Early Retiree)

I agree with you, but I don't have a giant stack of cash. Looking at the math, if my down payment is 150k, I would have no emergency fund if I started maxing out my 401k now. And I don't want to keep my emergency fund in a 401k/IRA as they are not liquid. How much house are you planning to buy? Mos...
by cherijoh
Fri Jul 14, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: My first poor Ally Bank experience
Replies: 25
Views: 4807

Re: My first poor Ally Bank experience

In response to your question to me, if you're only doing this for one bonus, I highly doubt you'll have an issue. I've done several bonuses/transfers in and out recently. In this specific case, my spouse and I each applied for separate savings accounts at another bank. I transferred $15k from our A...
by cherijoh
Thu Jul 13, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9768

Re: Do you count vehicle equity in net worth?

If you need to count a vehicle in your net worth, you don't need to be counting your net worth. +1 That was my thought too. Or else that they are buying vehicles that they can't really afford. Although if you have a car loan on the debit side of the equation, it would make sense to include the valu...
by cherijoh
Thu Jul 13, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: How to use Retirement Funds for College Savings
Replies: 53
Views: 2656

Re: How to use Retirement Funds for College Savings

I can always use my retirement accounts to fund college penalty free. Until I max out my retirement accounts I see no reason to fund a specific college savings account. You seem to be under the mistaken impression that "penalty free" also means you don't need to consider taxes. cherijoh, ...
by cherijoh
Wed Jul 12, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to use Retirement Funds for College Savings
Replies: 53
Views: 2656

Re: How to use Retirement Funds for College Savings

I can always use my retirement accounts to fund college penalty free. Until I max out my retirement accounts I see no reason to fund a specific college savings account. You seem to be under the mistaken impression that "penalty free" also means you don't need to consider taxes. While doll...
by cherijoh
Wed Jul 12, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11512

Re: Seeking advice on 1.2m house purchase

... and even if they don't prices and rent tend to increase in tandem. If home prices keep on accelerating, rent is too which is why its usually a good bet to buy if you plan to be in an area for a long time. In aggregate, yes prices and rent do tend to increase in tandem. But at a granular level n...