Search found 3548 matches

by cherijoh
Mon Feb 27, 2017 7:41 pm
Forum: Personal Consumer Issues
Topic: Sellers disclosure form has sections not marked
Replies: 23
Views: 1278

Re: Sellers disclosure form has sections not marked

I am considering purchasing my first house and while reviewing the sellers disclosure form I noted that several areas were not checked off at all and left blank (yes, no, unknown, n/a boxes) including plumbing, septic, and mold. All other sections were marked. I inquired and requested the form be c...
by cherijoh
Mon Feb 27, 2017 7:24 pm
Forum: Personal Consumer Issues
Topic: Weighing up how much to spend on house
Replies: 19
Views: 1239

Re: Weighing up how much to spend on house

The house cannot feed you. You have 1 million now. And, you have a few years of good income that allow you to save 200K per year. So, why would you want to spend more on a house? In fact, if you do not buy the house and save a few more years, you are done. You will have your 2 million. You do not n...
by cherijoh
Mon Feb 27, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why not to do ROTH Conversion
Replies: 28
Views: 2294

Re: Why not to do ROTH Conversion

Another important piece of the math puzzle is state taxes. My husband and I would love to start converting some of our tIRA $ into Roth $, even though we are in the 25% federal bracket (we wouldn't convert enough to go a bracket higher than that). What stops us is the >9% state bracket we're in. I ...
by cherijoh
Mon Feb 27, 2017 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Why not to do ROTH Conversion
Replies: 28
Views: 2294

Re: Why not to do ROTH Conversion

All I have seen many posts on the forum on the benefits of doing a Roth conversion but I haven't seen much about when it isn't a good idea. Ran across this article which seems to make a lot of sense to me. http://www.bankrate.com/finance/retirement/does-a-roth-conversion-always-make-sense-1.aspx In...
by cherijoh
Mon Feb 27, 2017 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Why not to do ROTH Conversion
Replies: 28
Views: 2294

Re: Why not to do ROTH Conversion

All this assumes that my conversions can stay ahead of the TIRA gains. Unfortunately, NOT, it has been a little difficult recently to keep the TIRA balance from increasing despite substantial conversions. is this sarcasm or are you seriously objecting to having growth in your TIRA? If so, you are m...
by cherijoh
Sun Feb 26, 2017 5:52 pm
Forum: Personal Consumer Issues
Topic: Weighing up how much to spend on house
Replies: 19
Views: 1239

Re: Weighing up how much to spend on house

Good suggestions. OP, of course you will see houses way above your budget that you will like, but that really shouldn't impact your decision on what you can afford. If you start at the low end as mudpuppy suggests you will quickly realize whether there are houses that will meet your needs in that p...
by cherijoh
Sun Feb 26, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: House as Temporary Pseudo-Proxy for Bonds
Replies: 37
Views: 1456

Re: House as Temporary Pseudo-Proxy for Bonds

Well, no. Houses are actually more volatile than people realize. If your neighbor neglects to mow his lawn for a few weeks, that will have a bad effect on your home value. You aren't aware of the volatility because you don't see the ticker symbol of your house broadcasted every day over CNBC or on ...
by cherijoh
Sun Feb 26, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding how much house to get
Replies: 22
Views: 2287

Re: Deciding how much house to get

Two things that I believe are true 1. buying a house means you are more tied to the location than before since selling and moving is more work/cost than terminating a lease and moving 2. don't buy the most expensive house in the neighbourhood - let other houses drive the value of your house up And ...
by cherijoh
Sun Feb 26, 2017 11:48 am
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 66
Views: 3979

Re: How should people factor Social Security into their "magic number" with early retirement?

Predictions about what is "likely" to happen with Social Security have been wrong for three decades. Such predictions say more about the forecaster than about objective probabilities. People who say "I don't take Social Security into account because it might change" always conti...
by cherijoh
Sun Feb 26, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: AP: Americans buy existing homes at fastest pace in a decade
Replies: 45
Views: 3685

Re: AP: Americans buy existing homes at fastest pace in a decade

I caught the tail end of something on Nightly Business Report tonight. Not enough labor available or something for the housing demand. Lots of high end houses going up but very few inexpensive or "starter" houses. In Arlington Va with its sky high property tax the trend is to tear downs w...
by cherijoh
Sun Feb 26, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: Train Trip
Replies: 17
Views: 1355

Re: Train Trip

If you want a train trip with great scenery and nights in a hotel, look into the Rocky Mountaineer train, which goes through the Canadian Rockies. It won't be a cheap trip, nor will it leave out of--or arrive in--Chicago, but the scenery is hard to beat. +1 I did that trip in 1999 or 2000 and it wa...
by cherijoh
Sun Feb 26, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion and Backdooring advice
Replies: 8
Views: 464

Re: Roth Conversion and Backdooring advice

In the meantime, the earnings in the IRA will be building up and eventually taxed at your ordinary rate. Why not put that money in a taxable account where you might be able to enjoy the lower long term capital gains rate instead? Your plan is not crazy-stupid by any means. I just don't think it is ...
by cherijoh
Sun Feb 26, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: House as Temporary Pseudo-Proxy for Bonds
Replies: 37
Views: 1456

Re: House as Temporary Pseudo-Proxy for Bonds

I dont know why everyone here is focusing on relative asset returns in responding to this. Thats the small part of the picture. The big part is that a primary residence solves for the need for shelter, a need that persists no matter what you are invested in. A paid off house reduces the impact of s...
by cherijoh
Sun Feb 26, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: House as Temporary Pseudo-Proxy for Bonds
Replies: 37
Views: 1456

Re: House as Temporary Pseudo-Proxy for Bonds

Really depends on the health of your local real estate market. High cost area without much land available for new houses? Can do better, even much better than stocks. Low cost, low growth or even negative growth area? Can be disastrous. Losses in real terms. A good indicator could be how quickly ho...
by cherijoh
Sun Feb 26, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: House as Temporary Pseudo-Proxy for Bonds
Replies: 37
Views: 1456

Re: House as Temporary Pseudo-Proxy for Bonds

I'm in my 50's and my AA is almost entirely equities with all dividends reinvested: VTI, VXUS, and BRK.B. What fixed income I do own is very minimal....a bit of BND. I am well aware of the fact that, given my age, my AA is out of whack....bonds are maybe 2% of my portfolio. By way of correction, on...
by cherijoh
Sat Feb 25, 2017 8:03 pm
Forum: Personal Consumer Issues
Topic: Trip to Savannah GA
Replies: 32
Views: 1753

Re: Trip to Savannah GA

student wrote:This is very famous but I find it only ok.

https://www.tripadvisor.com/Restaurant_ ... orgia.html


A friend had a small wedding and held her wedding reception there. The service was awful.
by cherijoh
Sat Feb 25, 2017 7:22 pm
Forum: Personal Consumer Issues
Topic: Weighing up how much to spend on house
Replies: 19
Views: 1239

Re: Weighing up how much to spend on house

If you tell a realtor a range that wide, they're going to tend to show you things towards the upper end of the range, even if there would be acceptable places at the lower end. So your first "homework assignment" is to look at listings for your area on websites like Zillow, Trulia, and Re...
by cherijoh
Sat Feb 25, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay down rental property mortgage
Replies: 16
Views: 869

Re: Invest or pay down rental property mortgage

I get that this has been rehashed to death but let me just ask for confirmation of my math. Because of the deduction for home interest, I don't pay down my home loan. But given the choice between paying down rental property mortgages and investing in a dviersified fund (*after* already maxing out 4...
by cherijoh
Sat Feb 25, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 66
Views: 3979

Re: How should people factor Social Security into their "magic number"

Let's say that a couple in their mid-30s hopes to retire early at age 55, and 30x annual spending is their "magic number." For annual spending of $75,000, that magic number would be $2.25M. How do you extract from that magic number the amount that you actually need to accumulate after acc...
by cherijoh
Sat Feb 25, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: mom wants smart phone, are there classes on how to use?
Replies: 37
Views: 1828

Re: mom wants smart phone, are there classes on how to use?

Mom wants to get a smart phone, not sure which yet. But are there classes in how to use? She's 80. Also can android or iPhone upload photos automatically to OneDrive like my Windows Phone does? Does you mom have any grandkids? One of them could probably teach her everything she needs to know in 15 ...
by cherijoh
Sat Feb 25, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting Aging Parrents - Advice Please
Replies: 25
Views: 2387

Re: Protecting Aging Parrents - Advice Please

My FIL is almost 70 and unfortunately is starting to have cognitive decline. He's still independent and semi-retired working a few days a week for the former employer. My FIL is fortune enough to mass a decent nest egg and has a hefty pension. It's getting to the point where he'll sign anything put...
by cherijoh
Sat Feb 25, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Bogleheads' Philosophy a Generalization?
Replies: 51
Views: 2503

Re: Bogleheads' Philosophy a Generalization?

Good question and simple answer. The most successful funds over an x period of time tend to underperform over the next y years. The big reason is as the fund gets succesful they attract significant new money that is difficult to deploy in accordancde with their prespectus. That is why one should lo...
by cherijoh
Sat Feb 25, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Bogleheads' Philosophy a Generalization?
Replies: 51
Views: 2503

Re: Bogleheads' Philosophy a Generalization?

That's great information, thanks. The only thing I'd push back on is while "Past performance is not an indicator of future returns" you can find finds that have been beating or matching indexes for lengthy historical periods. It seems if you're willing to review progress annually or such ...
by cherijoh
Sat Feb 25, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Bogleheads' Philosophy a Generalization?
Replies: 51
Views: 2503

Re: Bogleheads' Philosophy a Generalization?

Do I have this correct, the Bogleheads' strategy is to invest in low cost index funds because they perform as well as or outperform 98% (or some near perfect number) of all mutual funds? If so, what about the other 2%? Apparently it's not hard to find funds that have been outperforming indexes and ...
by cherijoh
Sat Feb 25, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Has anyone had problems gifting Vanguard shares to an organization?
Replies: 19
Views: 911

Re: Has anyone had problems gifting Vanguard shares to an organization?

+1 on Fidelity Charitable, provided you do enough charitable giving to make it worthwhile. If you plan never to donate appreciated shares again after this, then a Donor Advised Fund like Fidelity Charitable may be more hassle than it's worth (I had to get Medallion signature guarantee for initial c...
by cherijoh
Sat Feb 25, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Bogleheads' Philosophy a Generalization?
Replies: 51
Views: 2503

Re: Bogleheads' Philosophy a Generalization?

Do I have this correct, the Bogleheads' strategy is to invest in low cost index funds because they perform as well as or outperform 98% (or some near perfect number) of all mutual funds? If so, what about the other 2%? Apparently it's not hard to find funds that have been outperforming indexes and ...
by cherijoh
Sat Feb 25, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Has anyone had problems gifting Vanguard shares to an organization?
Replies: 19
Views: 911

Re: Has anyone had problems gifting Vanguard shares to an organization?

I provided the receiving account number and other information. I'm confused as to why Vanguard seems to be making something so simple so hard. -Steph ... Maybe the path of least resistance is to sell the shares and give cash, or just give cash from a bank account and reimburse yourself with a sale ...
by cherijoh
Sat Feb 25, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: Hotel Reservations
Replies: 18
Views: 1524

Re: Hotel Reservations

When we take a road trip, we always try to make hotel reservations in advance. Experience has taught us that hotel rates are a lot less expensive using advance reservations. For our latest trip, I made reservations about a month in advance. A few days prior to leaving, I checked the rates on line f...
by cherijoh
Sat Feb 25, 2017 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Selling Individual Stocks With Capital Gains
Replies: 9
Views: 638

Re: Selling Individual Stocks With Capital Gains

If no losses now, you might have some with newer equity positions in the future, so you can consider harvesting both losses and some of the unwanted shares with gains together when it happens. If you give to charity, you could reduce your unwanted positions by donating some of the shares with long ...
by cherijoh
Fri Feb 24, 2017 5:33 pm
Forum: Personal Consumer Issues
Topic: critique Italian itinerary
Replies: 31
Views: 1750

Re: critique Italian itinerary

Some of those areas on on our list for visiting before long. My general thought would be to look a bit more closely at the implications of late-October for timing in the lakes and mountains. While the area will still retain it's natural beauty, a lot of tourist infrastructure may be closed and the ...
by cherijoh
Fri Feb 24, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 53
Views: 4689

Re: Check Your Beneficiaries!

Something made me check my beneficiaries for my 403(b) through Fidelity, and I found that I could not see them online. I had time, so I called Fidelity. It turns out that my primary beneficiary was my wife (who died two years ago) and the contingent beneficiary was my sister. That means the last ti...
by cherijoh
Fri Feb 24, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a new house -- Are we being stupid to consider it?
Replies: 35
Views: 3787

Re: Purchasing a new house -- Are we being stupid to consider it?

Do what you wish, but it looks to me that you're looking to take on about a $6,000 a month PITI payment. That's just insanity to me on $190,000 income. You're paying more than half your take home pay just on housing expense. Here's the question I would ask--if you lost your job how easily could you...
by cherijoh
Fri Feb 24, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Simple line item on IRS Form 8606 incorrect
Replies: 5
Views: 332

Re: Simple line item on IRS Form 8606 incorrect

Doh. I was prepping my 2016 income tax return and had to re-read the backdoor Roth reporting. I reviewed my prior years 8606 forms to make sure it makes sense, basis is correct, etc and I noticed on a prior year there is a line item 4 "enter those contributions included on line 1 that were mad...
by cherijoh
Fri Feb 24, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: risk of my Tesla deposit
Replies: 119
Views: 6964

Re: risk of my Tesla deposit

Eventually the jig is going to be up at Tesla, get rid of that tax credit and sales are going to fall like a rock. Tesla is following the Amazon model, but it will need sales volume much more so that it has already, it will need to deliver a finished product and not just to it's investors, employee...
by cherijoh
Thu Feb 23, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Do companies match after-tax 401k contributions?
Replies: 32
Views: 1668

Re: Do companies match after-tax 401k contributions?

My employer offers 401k contribution matching (in addition to employer contributions that they make in any case, regardless of my contributions). I'm assuming that if I switch over to making after-tax contributions (for the purpose of doing a mega backdoor Roth), then I can expected the employer ma...
by cherijoh
Thu Feb 23, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question regarding trust inheritance. Help needed.
Replies: 15
Views: 838

Re: Tax question regarding trust inheritance. Help needed.

I have a tax question regarding trust inheritance and would appreciate any actionable advice. Thanks everyone for your help. Setting: Sister in law's (SIL) father (a widow) died early 2016. Total 4 siblings. SIL's father had an revocable trust (living will/grantor trust) SIL's father had 2 homes, b...
by cherijoh
Thu Feb 23, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to Split Pension
Replies: 58
Views: 3791

Re: How to Split Pension

That sounds like a good idea -- take the maximum amount and put $500/month into our investment portfolio at Vanguard. We really don't need the extra money right now to live on -- we can pretty much live off her Social Security benefits and I'm planning on working for at least several more years. As...
by cherijoh
Wed Feb 22, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to report 1099B cost basis discrepancy on non-covered shares?
Replies: 22
Views: 1293

Re: How to report 1099B cost basis discrepancy on non-covered shares?

^ Just bear in mind that "capital gains" reported on your 1099 are presumed to be long-term. If you've received a short-term gain distribution, it's not included in the "capital gains" section but added to the dividend section. Also, you can't offset a short-term gain distributi...
by cherijoh
Wed Feb 22, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Safe harbor paid in company stock?
Replies: 8
Views: 449

Re: Safe harbor paid in company stock?

I recently decided not to pursue an opportunity and wanted to check my gut on one part of my reasoning. The people I talked to made a huge deal out of the financial transparency of this company, as well as its philosophy of ensuring equal comp potential for employees. Some aspects appear to line up...
by cherijoh
Wed Feb 22, 2017 7:14 am
Forum: Personal Finance (Not Investing)
Topic: How to report 1099B cost basis discrepancy on non-covered shares?
Replies: 22
Views: 1293

Re: How to report 1099B cost basis discrepancy on non-covered shares?

Sidebar. Another interesting lesson learned this tax year: not all monthly muni dividends may be tax-exempt. I own a single-state muni fund and it's monthly distributions are recorded exactly in my Excel tracking tool and my shared-owned are correct, so everything should be good to enter. Not. Shor...
by cherijoh
Tue Feb 21, 2017 7:34 am
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6361

Re: 20% bonds: why bother at 48?

The personal spreadsheets I have run all use very low SWR (way below 1% because I am a cautious person) so maybe that is different. That makes all the difference in the world. At less that 1% withdrawal rate you don't need to worry about sequence of return risk. But most people are nowhere near tha...
by cherijoh
Tue Feb 21, 2017 6:55 am
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6361

Re: 20% bonds: why bother at 48?

I already did. You provided a broken hyperlink and the part you quoted only refers to people UNDER 55 that raided their retirement plans. It says nothing about people OVER 55 who may have been 10 years or more from their planned retirement. They are by far more likely to have been unable to find a ...
by cherijoh
Tue Feb 21, 2017 6:33 am
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6361

Re: 20% bonds: why bother at 48?

I'm not saying to sell assets that are down in value. I'm saying don't use your retirement assets as your EF unless you literally have no other choice. If you have an adequate standalone EF, you are potentially dragging your portfolio's returns down by treating it as an EF that you might need at an...
by cherijoh
Mon Feb 20, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6361

Re: 20% bonds: why bother at 48?

I already did. You provided a broken hyperlink and the part you quoted only refers to people UNDER 55 that raided their retirement plans. It says nothing about people OVER 55 who may have been 10 years or more from their planned retirement. They are by far more likely to have been unable to find a ...
by cherijoh
Mon Feb 20, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6361

Re: 20% bonds: why bother at 48?

See Figure 2 in this article by Rick Ferri. I think this (or something similar) is what was being referenced. Thanks cherijoh, that's exactly the chart I think that Boomer was referring to. If not, it definitely is the chart I was referring to. :happy :D You are very welcome! BTW, I think anyone co...
by cherijoh
Mon Feb 20, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6361

Re: 20% bonds: why bother at 48?

He views that you should be ready at a moment's notice to begin making early withdrawals from your accounts in order to meet your immediate financial needs. It's fine if someone wants to do that, but very few people have ever had to do that (there's data supporting that by the way), and you should ...
by cherijoh
Mon Feb 20, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6361

Re: 20% bonds: why bother at 48?

Wow, I guess the optimism about the stock market is getting high enough that people are wondering if they need bonds at all. This is not a good sign for the market. It is also a sign that enough time has passed that people are starting to forget the pain of 2008-2009. My gosh, didn't 50% losses hur...
by cherijoh
Mon Feb 20, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6361

Re: 20% bonds: why bother at 48?

I'm only 33 and have held a 80/20 allocation for many years. It all stems from a chart posted on here which showed the higher risk factor and not proportional added gains between a 100% equity portfolio and a 80/20 portfolio. Actually the gains are almost quite literally proportional, as there is a...
by cherijoh
Mon Feb 20, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6361

Re: 20% bonds: why bother at 48?

Interesting point @cherijoh but by that logic, shouldn't I be in an 'in-retirement' allocation now, since I never know when I'll be retired? Your points are a good argument that why a 3 month emergency fund isn't enough. -Mike No, but when I was at your age I was ~ 70/30 (not including a future pen...
by cherijoh
Mon Feb 20, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 49
Views: 2921

Re: Another can we afford home thread!

we can't avoid PMI right now given what we have saved so far but hopefully should be in about a year. A lot of lenders got burned during the housing crisis, so you should check with the prospective lender about how to qualify to get released from PMI. In the good old days it was based on the ratio ...

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