Search found 3002 matches

by cherijoh
Tue Sep 27, 2016 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Reason NOT to wait past 66 to take Social Security
Replies: 32
Views: 2472

Re: Reason NOT to wait past 66 to take Social Security

I think it was Jonathan Clements...perhaps someone else...who said it this way: The breakeven at age 82 or 83 isn't the point. If you take SS at 70 and fail to reach the breakeven age, that's worse than taking it at 66 and making it way past the breakeven age. This is not just an equation about get...
by cherijoh
Mon Sep 26, 2016 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: 72t Withdrawals for Young-Retiree
Replies: 24
Views: 1367

Re: 72t Withdrawals for Young-Retiree

To clear things up a bit, I am currently maxing out my company 401k (67% to traditional and 33% to Roth - This wasn't always the case. I used to be 100% Roth.) and my Roth IRA. It seems like switching to 100% traditional 401k contributions right now would be wise. Most of the taxable investment mon...
by cherijoh
Sun Sep 25, 2016 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a new house with cash? Please advise
Replies: 26
Views: 3165

Re: Buy a new house with cash? Please advise

I should have provide more details of the numbers to make my question more meaningful. Let’s call our current house “House 1” and the new house we are purchasing “House 2” - We bought House 1 in 2012 for 600k. The list price will be around 850k - 950k if I were to sell it. The current loan balance ...
by cherijoh
Sun Sep 25, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Contribution to satisfy RMD
Replies: 29
Views: 2000

Re: Contribution to satisfy RMD

Hold on, what's the tax benefit of the QCD? With it, the withdrawl of IRA funds goes on line 15a. Without it, the withdrawal of IRA funds becomes part of gross income, but offset by the charitable deduction. Is it all the same, for those itemizing anyway? If you pay state income tax based on your f...
by cherijoh
Sun Sep 25, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Contribution to satisfy RMD
Replies: 29
Views: 2000

Re: Contribution to satisfy RMD

Hold on, what's the tax benefit of the QCD? With it, the withdrawl of IRA funds goes on line 15a. Without it, the withdrawal of IRA funds becomes part of gross income, but offset by the charitable deduction. Is it all the same, for those itemizing anyway? Not if your state treats schedule A federal...
by cherijoh
Sun Sep 25, 2016 10:41 am
Forum: Investing - Theory, News & General
Topic: Help: How can I tell if an ETF is actively managed?
Replies: 19
Views: 787

Re: Help: How can I tell if an ETF is actively managed?

Well the website you linked has a filter with the qualification of "SEC active?" on its etf finder . Below the "Clear Filter" button there is a link labeled "More Filters". If you expand the list, the first one is the Active filter. thanks cherijoh- yeah that's exactly...
by cherijoh
Sun Sep 25, 2016 10:17 am
Forum: Investing - Theory, News & General
Topic: Help: How can I tell if an ETF is actively managed?
Replies: 19
Views: 787

Re: Help: How can I tell if an ETF is actively managed?

So I'm having trouble figuring out which ETFs are actively managed vs. the more traditional index ETF. Does anyone know how to figure this out? For example Fidelity's Total Bond ETF, FBND, looks like it might be an index ETF. http://www.morningstar.com/etfs/arcx/fbnd/quote.html but it is actively m...
by cherijoh
Sun Sep 25, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Expat: Losing job and moving back to US
Replies: 10
Views: 1489

Re: Expat: Losing job and moving back to US

Hi everyone - I have enjoyed following Bogleheads for years and now I’ve got a job change coming up for which I’d like some advice. I’ve worked at Megacorp for just over 20 years. A few years ago, I took an international assignment that is now coming to an end. I was notified last week that the com...
by cherijoh
Sun Sep 25, 2016 9:27 am
Forum: Personal Finance (Not Investing)
Topic: TSP - Surviving spouse should probably move out of the TSP
Replies: 15
Views: 1411

Re: TSP - Surviving spouse should probably move out of the TSP

Thank you for posting this information. I'd like some thoughts on what, if any action, a young-ish widow (mid-40s) should do with a TSP that represents about 3-5% of my total retirement assets. It was my husband's TSP and I assumed it when he died over two years ago. My feeling was that I should ke...
by cherijoh
Sun Sep 25, 2016 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Uncovered MF Shares at Vanguard
Replies: 18
Views: 1522

Re: Uncovered MF Shares at Vanguard

Any advice on how to get my head around this topic would be appreciated. Based on what the Vanguard rep said, I'm going to need to go back and calculate the gain on every dividend/cap gain distribution. However, unless I use specific identification, it's not even clear to me which shares I'd be sel...
by cherijoh
Sat Sep 24, 2016 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Prepay Mortgage: Does the length of time you live in the home matter?
Replies: 29
Views: 2669

Re: Prepay Mortgage: Does the length of time you live in the home matter?

I have read arguments for and against paying off a mortgage early. I have not seen the argument discuss amortization. My scenario: me: 35. Wife: 33. We would like to be financially independent in 10 years. We owe 475000 on a 30 year fixed mortgage at 3.25%. The loan is 2 years old. I have been cons...
by cherijoh
Fri Sep 23, 2016 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) loan to invest in taxable
Replies: 18
Views: 1434

Re: 401(k) loan to invest in taxable

I just put the loan paperwork in the mail. I'm taking a 50k, 5 year loan, to buy stock ETFs in a taxable account with the "liberated" pretax money. The main reason is that I expect this to save money on taxes, far exceeding costs I incur. I will be able to TLH while preserving 401k space ...
by cherijoh
Tue Sep 20, 2016 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum - Age 32
Replies: 18
Views: 2109

Re: Pension Lump Sum - Age 32

I would take the option 2 and put it into a traditional IRA at Vanguard or Fidelity. It's a long time to wait on the pension and who knows what inflation will do between now and then. +1 A monthly pension is would have been my preference if you were within 5 years or so of collecting it, but if we ...
by cherijoh
Tue Sep 20, 2016 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 200
Views: 21205

Re: Evicting a tenant-Hire lawyer?

Met with the locksmith who changed the locks for the tenant. As expected, my tenant paid him with a check that bounced. He provided me with a copy of the check and the receipt. Called the police, Sargent heard about the situation and met with me. He said there's more than enough evidence to add bre...
by cherijoh
Mon Sep 19, 2016 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: “Timing” Retirement IRA Sales for Future-Year Withdrawals?
Replies: 11
Views: 835

Re: “Timing” Retirement IRA Sales for Future-Year Withdrawals?

What a hoot to see my question come back around nine months later! To update, I ended up sticking with my plan as outlined in the original post: I sold/re-balanced my IRA (for 2018 expenses) post-Brexit recovery, to be transferred to savings in January, so that worked out pretty well this time arou...
by cherijoh
Mon Sep 19, 2016 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Where's the error in my 401k plan?
Replies: 10
Views: 741

Re: Where's the error in my 401k plan?

I am suspicious about my 401k plan and think there may be an error somewhere in how my company contributes to it. But, more than likely, it's probably an error in my thinking and I hope you guys can shed some light on it. My salary is 124k and I've already contributed 18k to my 401k plan. My compan...
by cherijoh
Sun Sep 18, 2016 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare registration question - IRA/401k
Replies: 10
Views: 947

Re: Obamacare registration question - IRA/401k

In addition to Muni interest etc, tax free Cap gains are added back in as income for determining MAGI for ACA purposes.. Please do not perpetuate the idea that capital gains is not income. Capital gains are already included in the AGI used to calculate the ACA subsidy. The reduction in tax owed due...
by cherijoh
Sun Sep 18, 2016 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: A mess of retirement accounts
Replies: 14
Views: 1728

Re: A mess of retirement accounts

Thanks for the reply. If expense ratios are comparable for comparable funds, is there any downside to having so many accounts? Also, assuming expense ratios are comparable, would there be a reason to roll prior accounts into the active 401k rather than to rolling everything into a prior account or ...
by cherijoh
Sun Sep 18, 2016 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Checkings accounts for automation
Replies: 5
Views: 604

Re: Checkings accounts for automation

Gronnie wrote:Is this mostly from paycheck deposits?

Can you just split your direct deposit? My work allows you to specify a dollar amount or % to go into several different accounts.


+1

Also you should be able to set it up to pull money from your checking account to go directly into your investment accounts.
by cherijoh
Sun Sep 18, 2016 10:57 am
Forum: Investing - Help with Personal Investments
Topic: I messed up.. [Transfer-in-kind]
Replies: 56
Views: 2760

Re: I messed up.. [Transfer-in-kind]

see this page : Online. $7 for all stock and non-Vanguard ETF trades. I think you need to have VG assets to qualify, but with $50K in VG mutual funds or ETFs you would qualify for Voyager status. How many of these 20+ funds would you need to sell to get you over the $50K mark? Subsequent sales would...
by cherijoh
Sun Sep 18, 2016 10:41 am
Forum: Personal Consumer Issues
Topic: major remodel: regrets or things you'd do again
Replies: 68
Views: 6834

Re: major remodel: regrets or things you'd do again

If you want to splurge a little bit in the garage, strip it bare, clean it very well, steam clean the floor, then drywall interior (consider insulation if you like to tinker in the winter time), spray paint ceiling and drywall white, epoxy the garage floor or put down industrial tile, add some hang...
by cherijoh
Sun Sep 18, 2016 10:09 am
Forum: Personal Consumer Issues
Topic: Securing work computer and USB drive
Replies: 82
Views: 4588

Re: Securing work computer and USB drive

Just keep in mind that it's never a problem............. until it's a problem, and too late. It's kinda like the guy who never backs up their hard drive and goes around telling everyone that backing up their data is a waste of time, since they've personally never had a problem or lost any data. Unt...
by cherijoh
Sun Sep 18, 2016 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 200
Views: 21205

Re: Evicting a tenant-Hire lawyer?

Met with the locksmith who changed the locks for the tenant. As expected, my tenant paid him with a check that bounced. He provided me with a copy of the check and the receipt. Called the police, Sargent heard about the situation and met with me. He said there's more than enough evidence to add bre...
by cherijoh
Sun Sep 18, 2016 6:59 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund or target in my inherited IRA?
Replies: 12
Views: 923

Re: 3 fund or target in my inherited IRA?

One approach would be to look at the dollar amount it is costing you for convenience and decide if it is worth it. Most of the time when we worry about high fees eating up our returns it involves a much larger fee difference I suppose for now I'll just stick to my game plan of keeping everything as ...
by cherijoh
Sun Sep 18, 2016 5:44 am
Forum: Personal Finance (Not Investing)
Topic: Tenant Background Check and Credit Check
Replies: 23
Views: 1675

Re: Tenant Background Check and Credit Check

I own six rental condos. I always do a background check and credit check for new tenants. The management company has just informed all landlords that we must provide these background and credit checks to the management office. I am concerned that this would violate privacy laws. Sounds to me like t...
by cherijoh
Sat Sep 17, 2016 11:56 am
Forum: Investing - Help with Personal Investments
Topic: No matching on Roth?
Replies: 60
Views: 2981

Re: No matching on Roth?

My first though is that it is a communication issue. OP - if you were looking in your Roth contributions, you will not find any matching since it is always PRE-TAX. Did you check to see if you have any matches in your traditional account? The HR person may have been telling you that the match was sh...
by cherijoh
Sat Sep 17, 2016 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Should I rent out this condo?
Replies: 4
Views: 511

Re: Should I rent out this condo?

My wife and I are currently in the process of building a home and have had our current condo listed for about a month now. There are a number of similar units for sale in the complex that we're priced slightly below in hopes of attracting additional buyers. The condo is only 4 years old (I bought i...
by cherijoh
Sat Sep 17, 2016 6:38 am
Forum: Investing - Help with Personal Investments
Topic: Travel to Europe, buy new cars, expensive iPads and Louis Vuittons
Replies: 5
Views: 1183

Re: Travel to Europe, buy new cars, expensive iPads and Louis Vuittons

Lots of people did just that before the great recession and then watched their house value plummet. BAD IDEA. Hello all, Well...that's not exactly what I did but trust me I am tempted. The reason I am tempted is because of all the equity that showed up in my house now that it doubled in price since ...
by cherijoh
Sat Sep 17, 2016 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Contribute to Roth 401k? Tax related question.
Replies: 9
Views: 715

Re: Contribute to Roth 401k? Tax related question.

Match always goes into Pretax (traditional) As far as fund allocation, Roth and traditional should be exactly the same unless your plan did something odd and allows you to direct them separately. For my current 401k: Employee Pre Tax Account 36% $19,413.87 Employee Roth 401k 43% $23,343.89 Safe Harb...
by cherijoh
Fri Sep 16, 2016 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Retiring soon - When to apply for ObamaCare?
Replies: 13
Views: 968

Re: Retiring soon - When to apply for ObamaCare?

Technically, don't you have to be without coverage to get ACA coverage outside the open season period? Would you even be eligible the day before you retire?
by cherijoh
Fri Sep 16, 2016 5:25 am
Forum: Investing - Help with Personal Investments
Topic: Just Getting Started w/ Roth IRA
Replies: 6
Views: 608

Re: Just Getting Started w/ Roth IRA

The cool thing about IRAs is that there are no tax consequences related to switching funds. So start with a target retirement or the four-in-one fund and then switch when you have the minimum contribution to purchase the fund with the smallest allocation in your AA. One of these funds also has the b...
by cherijoh
Fri Sep 16, 2016 5:14 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage versus investing with a twist
Replies: 22
Views: 2530

Re: Paying off mortgage versus investing with a twist

:thumbsup This is not a black and white calculation - it all depends on what assumptions you are willing to make about the future. We are in a historically low interest rate environment that would favor keeping the mortgage, but we are also at near historically high valuations for the stock market. ...
by cherijoh
Tue Sep 13, 2016 9:10 pm
Forum: Investing - Theory, News & General
Topic: Strategy to buy expensive house
Replies: 67
Views: 5286

Re: Strategy to buy expensive house

What do you think? I think this should be in the personal finance forum. :) When we bought our first house we were advised to buy the most we could possibly afford. At the time it seemed an awful burden to take on but your income rises over time and inflation eventually makes those payments seem re...
by cherijoh
Tue Sep 13, 2016 5:51 am
Forum: Investing - Help with Personal Investments
Topic: Wait to switch from active to passive
Replies: 12
Views: 1063

Re: Wait to switch from active to passive

Are they in mutual funds rather than ETFs? We do an exchange (buy/sell) of funds at the same time. I have heard that may be different with ETFs but don't have them so don't know for sure, also did not convert to new brokerage version if that makes a difference. Yes. They are all mutual funds. No EF...
by cherijoh
Tue Sep 13, 2016 5:36 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard accounts "Incomplete Cost Basis Info."
Replies: 12
Views: 1231

Re: Vanguard accounts "Incomplete Cost Basis Info."

Samtex - cost basis shouldn't be an issue for Roth and Rollover IRA's. Contributions to Roths are made with after-tax dollars, and earnings are tax-free, so when you go to withdraw money from the account, there's no cost basis to worry about. Contributions to Rollover IRA's are usually (but not alw...
by cherijoh
Mon Sep 12, 2016 6:06 am
Forum: Personal Consumer Issues
Topic: Just answered telephone political poll. Now concerned.
Replies: 49
Views: 5198

Re: Just answered telephone political poll. Now concerned.

Let me also add that, as far as I know, voter registration lists are public information - as are registered party affiliation in those states where you can register by Party. While your vote is "secret", that you voted (or not) in any election is also public information. In my state, it i...
by cherijoh
Mon Sep 12, 2016 5:53 am
Forum: Investing - Help with Personal Investments
Topic: 401k question: total deferral rate with employer contribution
Replies: 5
Views: 673

Re: 401k question: total deferral rate with employer contribution

Sorry, you are correct. The match used to be on the first 6% and now it is 5%. So, it sounds like if I want to get to 15% total, I need to put in 11% of my own money. I have always assumed the rule of thumb to invest 15 percent meant for employee to invest it not including the company match That is...
by cherijoh
Sun Sep 11, 2016 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Firecalc
Replies: 13
Views: 1647

Re: Firecalc

delamer wrote:Does the $7,000/month include taxes and irregular expenses (like a new roof or a replacement car)?

What happens to your pension if you predecease your wife?


I agree with delamer that whether or not taxes are included and whether or not there is full survivor coverage on you pension is a big deal
by cherijoh
Sun Sep 11, 2016 6:54 am
Forum: Investing - Help with Personal Investments
Topic: A mess of retirement accounts
Replies: 14
Views: 1728

Re: A mess of retirement accounts

Thanks for the reply. If expense ratios are comparable for comparable funds, is there any downside to having so many accounts? Also, assuming expense ratios are comparable, would there be a reason to roll prior accounts into the active 401k rather than to rolling everything into a prior account or ...
by cherijoh
Fri Sep 09, 2016 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Should I Stay or Can I Go [Retire]
Replies: 14
Views: 2835

Re: Should I Stay or Can I Go

Thanks you for the links. I hadn't thought about different tax brackets as one survives the other. I could use some help with the following . . . During the period from 1986 until Roth came about circa 1998 I generally invested the annual max in Trad IRA, which sometimes included a spousal fragment...
by cherijoh
Thu Sep 08, 2016 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Should I Stay or Can I Go [Retire]
Replies: 14
Views: 2835

Re: Should I Stay or Can I Go

It looks like OP added his/her SS at 62 to the pension instead of the SS at 66. Go man, go. If I were you I'd already be gone. Two nits. I think your addition is a little off. Looks like your income @ 66 would be 86K not the 74K you have listed and you would be able to knock down your distributions ...
by cherijoh
Thu Sep 08, 2016 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Career Change Did I Make The Right Move?
Replies: 14
Views: 1991

Re: Career Change Did I Make The Right Move?

you need to take the long view as TMCD75 suggests. Work yourself up from apprentice, get a job that includes residential plumbing if you want to get out of working in the elements. Take some business classes at the community college if you eventually want your own business. Or partner up with an old...
by cherijoh
Thu Sep 08, 2016 4:15 am
Forum: Personal Finance (Not Investing)
Topic: Should my living trust "own" my safe deposit box?
Replies: 22
Views: 1663

Re: Should my living trust own my safe deposit box?

I doubt that would work since bank requires a signature to get into the safety deposit box this suggests an individual must be the "owner" A good question came up in this thread: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=198919 I checked my state's laws and, apparently, if I...
by cherijoh
Thu Sep 08, 2016 4:05 am
Forum: Investing - Help with Personal Investments
Topic: Question about my Roth IRA
Replies: 5
Views: 622

Re: Question about my Roth IRA

mhalley has provided you with good advice. My only additional advice is to initiate the transaction from the receiving institution. If you tell this guy you want to move your money, he will come up with lots of arguments against it. Remember, this is YOUR money and you don't owe him any explanations...
by cherijoh
Wed Sep 07, 2016 5:11 pm
Forum: Personal Consumer Issues
Topic: Trip to Norway - Aurora vs. Fjords
Replies: 18
Views: 1726

Re: Trip to Norway - Aurora vs. Fjords

A friend currently lives in Norway, and my wife and I just started talking about a trip out to see her. Her suggestions were for us to choose between a summer trip to see the fjords or a winter trip to see the Northern Lights. Both look like they'd make for an amazing destination, but I have to say...
by cherijoh
Wed Sep 07, 2016 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Convert to a Roth, or stay Traditional IRA?
Replies: 7
Views: 547

Re: Convert to a Roth, or stay Traditional IRA?

Myself 70 yrs. old, wife 67. Taxable accounts=$2,750,241. Nontaxable(IRA's=$2,000,000, plus $1,828,272 in muni's and variable annuity)=$3,828,272. total. Knowing we'll have RMD's shortly and the taxes that go with it, wondering why to convert when even converting small or large amounts to a Roth go...
by cherijoh
Wed Sep 07, 2016 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 18235

Re: Prospective Employer Wants Salary History & Desired Salary

Am I the only one who lies and just says a number close to what I want them to pay me? And then if they ask for confirmation? Or worse yet - if they put you through a post-hire background check you will be fired. If working through a recruiter I would ask the recruiter if the company will require W...
by cherijoh
Wed Sep 07, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 18235

Re: Prospective Employer Wants Salary History & Desired Salary

Am I the only one who lies and just says a number close to what I want them to pay me? And then if they ask for confirmation? Or worse yet - if they put you through a post-hire background check you will be fired. If working through a recruiter I would ask the recruiter if the company will require W...
by cherijoh
Wed Sep 07, 2016 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - Planning Questions ... UPDATE
Replies: 48
Views: 5804

Early Retirement - Planning Questions ...UPDATE

I am with BolderBoy on this. Between your high initial withdrawal rate (assuming you postpone taking pensions and SS) and the concentrated risk you are taking with almost 50% of your portfolio in two individual stocks, you have substantial sequence of return risk. We'll be early retiring, effective ...
by cherijoh
Mon Sep 05, 2016 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth worth it if early retirement is a possibility?
Replies: 10
Views: 1274

Re: Backdoor Roth worth it if early retirement is a possibility?

Thanks everyone. I was definitely over-thinking this. I will go ahead and open a backdoor Roth. However, cherijoh brought up an interesting question. I assumed, given my limited 401k space relative to my taxable account, that I should stick taxable bonds in my (eventual) Roth. Is that incorrect? Sh...

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