Search found 2333 matches

by cherijoh
Fri Feb 12, 2016 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: When do you cut bait and run?
Replies: 9
Views: 577

Re: When do you cut bait and run?

You might want to give us a little more information on your portfolio allocation, income, tax situation, and income needs. 100% index funds doesn't really paint a picture of your asset allocation. Being down ~14% makes me assume you own a lot more stocks than bonds, but we don't really know. Also, ...
by cherijoh
Fri Feb 12, 2016 4:47 pm
Forum: Personal Consumer Issues
Topic: Banned from Home Depot Returns
Replies: 56
Views: 7806

Re: Banned from Home Depot Returns

Understand. It's not like 1x a month I decide to return something at Home Depot, but I would say that over the last year I've probably done about 10 returns. 10 returns within a 12 month period isn't all that much different than 1/month, IMO. What made it really frustrating is that I always purchas...
by cherijoh
Fri Feb 12, 2016 7:10 am
Forum: Investing - Theory, News & General
Topic: Vacation Homes
Replies: 47
Views: 4631

Re: Vacation Homes

There are scenarios when it would make sense eg you plan to go there every week, you intend to retire there, you go so often you want things there permanently etc Otherwise it will not make financial sense. Most of the time people don't do it because it is cheaper but becuase it is more convenient....
by cherijoh
Fri Feb 12, 2016 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Private Real Estate "Funds"
Replies: 23
Views: 1204

Re: Private Real Estate "Funds"

in_reality wrote:
mriordan23 wrote:Last call, I know you guys can scare me better than this.....


My experience in private real estate finalized their bankruptcy in the past month. I recovered 7.1% of the initial investment made about 9 years ago. It was in a tax deferred account by the way, so no losses to harvest.


Ouch!
by cherijoh
Fri Feb 12, 2016 6:37 am
Forum: Investing - Help with Personal Investments
Topic: Private Real Estate "Funds"
Replies: 23
Views: 1204

Re: Private Real Estate "Funds"

They are certainly not liquid. The money is gone from 3-6 years depending on how the assets in the fund are disposed. For me this is not a problem, I am happy to be compensated for lack of liquidity as I am fortunate enough to have assets i can store away for a rainy day many years from now. I just...
by cherijoh
Fri Feb 12, 2016 6:21 am
Forum: Personal Finance (Not Investing)
Topic: inherited rental property depreciation need to deduct land
Replies: 18
Views: 861

Re: inherited rental property depreciation need to deduct la

full fmv minus assessor's land value. sounds good. thanks a lot everyone. No, you can't do it that way. You need to take the ratio of the assessor's building value to the assessor's total and multiply that by the date of death value as appraised. Gill The method Gill describes is what the CPA used ...
by cherijoh
Thu Feb 11, 2016 8:41 pm
Forum: Investing - Theory, News & General
Topic: Impact of Obamacare on investment decisions
Replies: 60
Views: 3347

Re: Impact of Obamacare on investment decisions

Plan on maintaining income below the roughly $64,000 (4x FPL for 2015) to maintain ACA subsidy. If and when I need to liquidate any taxable mutual funds (all LTCG holdings) I will off-set with TLH carry-over amounts. Not itching to harvest taxable gains yet, unless needed, until reach age 65 (curre...
by cherijoh
Wed Feb 10, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance? - 85% LTV, 30-Year Fixed, 5.5% to 15-year Fixed, 2.99%
Replies: 45
Views: 2161

Re: Should I Refinance? - 85% LTV, 30-Year Fixed, 5.5% to 15-year Fixed, 2.99%

http://www.mtgprofessor.com/A%20-%20Refinance/refinancing_vs_contract_modification.htm I filled out the info there and did a few different comparisons. First, between my 30 year fixed at 5.5 against a 15-year refinance at 2.99 and my same 30 year fixed at 5.5 against a 30 year refinance at 3.99. In...
by cherijoh
Wed Feb 10, 2016 6:50 pm
Forum: Personal Consumer Issues
Topic: Math and Computer Science
Replies: 69
Views: 3199

Re: Math and Computer Science

Mathematics and Physics courses are the weeder courses for Engineering Chemistry, Organic Chemistry are the weeder courses for Medical Without that we will have bridges, designed by engineers, who got a C in Calc, and your prescription given by a doctor who may have got a C in Organic Chemistry. I ...
by cherijoh
Wed Feb 10, 2016 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Private Real Estate "Funds"
Replies: 23
Views: 1204

Re: Private Real Estate "Funds"

Looking for all the negatives/risks those on here can provide (and I know you can as I've gone through some of the history). I was originally drawn to these because I wanted to invest in real estate but didn't want to do it necessarily in my area or do the work being a landlord. I know lazy, and th...
by cherijoh
Wed Feb 10, 2016 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on a cash out refinance
Replies: 14
Views: 895

Re: Need advice on a cash out refinance

Thanks in advance for any suggestions/advices. I am currently in a loan of 2.75% 10yr 300K, home value is at 700K now i saw that 15yr is at 2.875%, i can do a cash out refi say 420K. Be careful - the rates can increase for a cash-out refinance. So if you were told 2.875 for a straight refinance, th...
by cherijoh
Wed Feb 10, 2016 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement - general questions
Replies: 30
Views: 4581

Re: Early retirement - general questions

Please point me in the right direction - on retiring at 52: My assumptions - 1 - Not married, no other income, 401K only, just moved to WA so no state income tax 2 - Keep the standard 3-fund lazy portfolio investment strategy 2- Allocation should be ~60% equity / ~40% bonds, adding more bond fund o...
by cherijoh
Wed Feb 10, 2016 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement - general questions
Replies: 30
Views: 4581

Re: Early retirement - general questions

Please point me in the right direction - on retiring at 52: My assumptions - 1 - Keep the standard 3-fund lazy portfolio investment strategy 2- Allocation should be ~60% equity / ~40% bonds, adding more bond fund over time 3 - Withdraw from taxable account first (taxable accounts = 60%, tax-shelter...
by cherijoh
Wed Feb 10, 2016 6:37 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) getting killed
Replies: 52
Views: 4909

Re: 401(k) getting killed

I am 30. Fairly young. According to most people I should invest in a fund with a target retirement date of 2045 or so, which means mostly stocks. But I don't think it matters what your age is. The best investment strategy is the one that minimizes risk and maximizes return given the current market ...
by cherijoh
Wed Feb 10, 2016 6:06 am
Forum: Personal Consumer Issues
Topic: Math and Computer Science
Replies: 69
Views: 3199

Re: Math and Computer Science

The major was encouraged by his parents, who think that it would best "allow him to continue the lifestyle in which he was raised." Its baffling to me how a student could take four years of math in a private high school (the tuition bill dropped when he went to college), get a 3.5, and st...
by cherijoh
Mon Feb 08, 2016 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: My Megacorp offered a pension lump sum option today...
Replies: 81
Views: 7439

Re: My Megacorp offered a pension buyout today...

My pension would be $3,077 based on an April 1st 2016 retirement date (non-COLA). The pension lump sum option offered is $472K Based on a lifetime annuity value of $630K (immediateannuity.com) this looks to be a 25% haircut. So even though they need to use IRS actuarial tables and IRS "417E&qu...
by cherijoh
Mon Feb 08, 2016 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: 24Yrs old, 158k inheritance, make a diversified drip?
Replies: 13
Views: 1382

Re: 24Yrs old, 158k inheritance, make a diversified drip?

As the title suggests, I'm 24 yrs old, and have about 158K that I will inherit shortly. The money is currently in federal tax free bonds. I have dabbled in the stock market (about 10k in an account with Scottrade, started in March of '15) First and foremost I will be paying a visit to a financial a...
by cherijoh
Mon Feb 08, 2016 7:16 am
Forum: Investing - Help with Personal Investments
Topic: is it realistic for me to retire in 15 years?
Replies: 22
Views: 2439

Re: is it realistic for me to retire in 15 years?

I think it will depend on.....many things! What will your expenses be? Will you end up with family to support? In your favor, you are a great saver and have accumulated a nice nest egg already that you are adding too, plus you have the rental properties that will be paid off before social security ...
by cherijoh
Sun Feb 07, 2016 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2210

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

You could just hold the 3-fund portfolio in the Roth accounts and set the asset allocation there. Employees should ask HR for some lower ER funds in the 401K, particularly lower fee bond funds. An ER over 1% on an investment grade bond fund currently is giving about half the income from the fund po...
by cherijoh
Sun Feb 07, 2016 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2210

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

I think you are headed off in the wrong direction. The way to design a portfolio is to pick the best fund or two from your most restrictive account. That's your (admittedly poor) 401k. Then build the portfolio around that using IRAs and taxable. However, you should not be putting money for retireme...
by cherijoh
Sun Feb 07, 2016 11:18 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb
Replies: 28
Views: 2130

Re: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb

My understanding that the IRS deadline for issuing 1099s is February 16, 2016 (February 15th is a holiday) This is different (earlier) then the end of the month. It is always possible that a corrected 1099 is issued after the cutoff but only if the circumstances warrant. I believe the individual fu...
by cherijoh
Sun Feb 07, 2016 11:03 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb
Replies: 28
Views: 2130

Re: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb

Mid-to-late Feb. is pretty typical for brokerage accounts. I think Schwab is saying 2/26. I believe Fidelity is saying 2/15. The problem with earlier is that brokerages then end up issuing revisions because they get corrections from the dividend payers. Yeah, that happened to me a few years ago. Fo...
by cherijoh
Sun Feb 07, 2016 10:34 am
Forum: Investing - Theory, News & General
Topic: Otar Retirement Myth - overfitting, methods flaw
Replies: 8
Views: 919

Re: Otar Retirement Myth - overfitting, methods flaw

I am almost through with Otar's 'The Retirement Myth.' ***First, I have to say that I am a big fan of his work... the model he constructs to protect against worst case scenarios & prioritize the effects of different factors on a retirement/distribution portfolio is a HUGE contribution. His obse...
by cherijoh
Sun Feb 07, 2016 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Pension options vs. Term Life policy
Replies: 15
Views: 1051

Re: Pension options vs. Term Life policy

How old is your beneficiary. and does the survivor option on the pension adjust for this? By taking the survivor annuity, you are effectively buying life insurance on yourself with the reduced payment, rather than applying separately. I would guess that, in an average situation, you would expect to...
by cherijoh
Sun Feb 07, 2016 9:48 am
Forum: Personal Finance (Not Investing)
Topic: (Another) Roth Conversion Question
Replies: 15
Views: 924

Re: (Another) Roth Conversion Question

Many folks are horrified to find out that RMDs at a later age will push them into higher tax brackets than 25%. If you use tax software, I think you will find that any income from a Roth conversion, interest, short-term capital gains or non-qualified dividends will actually be taxed at 30% when you...
by cherijoh
Sat Feb 06, 2016 2:49 pm
Forum: Investing - Theory, News & General
Topic: Impact of Obamacare on investment decisions
Replies: 60
Views: 3347

Re: Impact of Obamacare on investment decisions

I am in my early 60s and have considerable capital gains (100% plus) on equities in a taxable account dating back many years. I do not want to sell these equities until I am eligible for Medicare because of concerns that the capital gains will make me ineligible for Obamacare. The loss of affordabl...
by cherijoh
Sat Feb 06, 2016 2:33 pm
Forum: Personal Consumer Issues
Topic: Airllne carry on luggage size: recommendations?
Replies: 24
Views: 1830

Re: Airllne carry on luggage size: recommendations?

Personally, I like some of the expandable Eagle Creek bags. That way you can carry-on, but have the option of checking the bag on the way home if you buy a bunch of stuff. They also have a good international option. Ebags carries Eagle Creek and it can also be found at the Container store. They hav...
by cherijoh
Sat Feb 06, 2016 1:24 pm
Forum: Personal Consumer Issues
Topic: Airllne carry on luggage size: recommendations?
Replies: 24
Views: 1830

Re: Airllne carry on luggage size: recommendations?

we bought Samsung luggage over holidays that advertised as 21". On flight from US to UK, BA had no issues with it. On flight from UK to Asia, the gate rep said that with the handle (a leather one), it is more than 21" and hence checked it to final destination. I now dont even know which i...
by cherijoh
Sat Feb 06, 2016 12:37 pm
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 72
Views: 8845

Re: The Gravy Train Departed?

It is what it is. Here is a little pdf to get you started: https://www.etf.com/docs/IfYouCan.pdf That would be helpful if I was a millennial. Classifying anyone born in the 80's as a millennial is wrong and degrading. I refuse to be compared to the generation of today. I was chased around my house ...
by cherijoh
Sat Feb 06, 2016 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Flagship Investor with 700 credit score ?
Replies: 42
Views: 5157

Re: Flagship Investor with 700 credit score ?

I have not borrowed money in years and pay cc off in full each month. Long time AMEX user it seems they only report pays as needed. The idea of borrowing money I do not need or getting more cc would not be my first choice to raise credit score. I have no debt, pay off my cashback credit card in ful...
by cherijoh
Fri Feb 05, 2016 6:15 pm
Forum: Personal Consumer Issues
Topic: Anyone travel without hacking?
Replies: 73
Views: 6375

Re: Anyone travel without hacking?

I have a trip coming up to Europe in June and trying to decide if I want to try another card, ideally I'd like a MC/Visa, no FTF, no annual membership, with rewards . . . unfortunately that card doesn't exit. Oh well You apparently haven't looked very hard. There are several credit cards that offer...
by cherijoh
Fri Feb 05, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: 45% of Income On Rent
Replies: 39
Views: 2666

Re: 45% of Income On Rent

Heres the kicker on the 1BR, they are averaging right now 200 cheaper than the 2BR's. I can't help but think to myself, is it even worth it. I leased my current 2BR during a lull in market prices. IMO you are anchoring on your current rent and $200/mo. doesn't look like that much in comparison. But...
by cherijoh
Fri Feb 05, 2016 5:20 pm
Forum: Personal Consumer Issues
Topic: Advice for parents with Perfectionist Child?
Replies: 48
Views: 3415

Re: Advice for parents with Perfectionist Child?

I have been thinking about this a lot because my 6 year old daughter is the same way. I heard about kids having a nervous breakdown because they fail or went to college and realize they are not the smartest one. We do things that I know she won't be good at right away. Sports and video games. I kno...
by cherijoh
Fri Feb 05, 2016 8:40 am
Forum: Personal Finance (Not Investing)
Topic: 45% of Income On Rent
Replies: 39
Views: 2666

Re: 45% of Income On Rent

Excuse my arrogance but I can afford it, which is clearly stated in my original post. While you may be able to afford it, you clearly are uncomfortable with your current situation otherwise you wouldn't be exploring other options and posting here. I'm still having sticker shock over $1820/mo on ren...
by cherijoh
Fri Feb 05, 2016 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Tax rate on IRA withdrawal when on Social Security
Replies: 28
Views: 2076

Re: Tax rate on IRA withdrawal when on Social Security

I have looked at the links and other places and sure enough, it's well explained and its out there. I am still stunned that I never had a clue. Still no one to blame but me, but I just wonder that it's not mentioned directly in a lot of places. I think there are two primary reasons that it isn't di...
by cherijoh
Thu Feb 04, 2016 8:20 pm
Forum: Personal Consumer Issues
Topic: The Coming Boglehead Zombie Apocalypse (LED bulbs)
Replies: 94
Views: 7118

Re: The Coming Boglehead Zombie Apocalypse (LED bulbs)

Being a Boglehead, I bought the cheapest LED light bulbs and installed them in our master bath over the mirror over the double sink. I now look like the walking dead. My wife (unaware of the changed bulbs) started putting on more make-up like she was prepping for her viewing at a funeral parlor. I ...
by cherijoh
Wed Feb 03, 2016 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 11281

Re: Clueless college new grad 22 yo, 200k income looking to start saving

My goal within the year is to save up 40k or so for wedding costs (ring, gown, honeymoon) and I hope to save 150k+ for a down payment within the next three years or so. My fiancee will not be contributing anything to this plan as she keeps her finances separate. Your fiancée keeps her finances sepa...
by cherijoh
Wed Feb 03, 2016 8:58 am
Forum: Personal Consumer Issues
Topic: Alternative to Briggs & Riley Luggage
Replies: 33
Views: 2189

Re: Alternative to Briggs & Riley Luggage

I'm in need of new luggage for professional purposes. Is there a suitable alternative to Briggs & Riley? Their reputation for quality is well known, but the prices are eye-popping. I need a carry-on bag that is laptop friendly, professional looking, has at least two wheels, and a handle that ex...
by cherijoh
Mon Feb 01, 2016 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Retirement - Ten key years + Summary
Replies: 64
Views: 10366

Re: Retirement - Ten key years

Here's one to include on the pre-retirement list that I don't think has been mentioned: Read the fine print in your employer's benefit plan document: ⋅  Does your plan allow you to roll money into the 401k plan? ⋅  It may make sense to consolidate old plans into your current plan...
by cherijoh
Sun Jan 31, 2016 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 90
Views: 4896

Re: Public school or private school (with school data)

Spending per student and teacher pay at our district is among the top districts in the state. The district high school is in the top 3-4% in the state based on the US News/Newsweek best high schools ranking. Both kids are in the gifted program at the school and seem to be doing well based on the as...
by cherijoh
Sun Jan 31, 2016 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: My life changed - Should I Refinance Now?
Replies: 14
Views: 2446

Re: My life changed - Should I Refinance Now?

Wow, awesome. That is very helpful. I will do this calculation for sure. Thank you. Without doing the calculation and just thinking through the logic I am thinking that the cash out refi is probably not the way to go when it comes to the remodel. What about this variable: What if I took $62K out an...
by cherijoh
Sun Jan 31, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: My life changed - Should I Refinance Now?
Replies: 14
Views: 2446

Re: My life changed - Should I Refinance Now?

My relevant financial situation Personal: Age 32. Married. Wife stays home with two young kids; third baby coming in May. ... Debt: No car or CC debt. Mortgage = Owe $182K at 2.58%. Total payment each month is $1100. Student loans = $62,000 at 3.25%. Currently paying $2000/month which will pay it o...
by cherijoh
Sun Jan 31, 2016 12:39 pm
Forum: Investing - Theory, News & General
Topic: Does net worth and age determine % bond allocation?
Replies: 53
Views: 5358

Re: Does net worth and age determine % bond allocation?

I am wondering if indeed age (retirement date) should be the main driver of the % bond allocation or if net worth at a given age also has an impact: Would e.g. a 30 y.o. with a net worth of 100k and 90% stocks/10% bonds change his allocation if he received a windfall? If so how would you recommend ...
by cherijoh
Sun Jan 31, 2016 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: I just paid off $145,000 in student loans in 2.5 years
Replies: 20
Views: 1654

Re: I just paid off $145,000 in student loans in 2.5 years

Congratulations on the accomplishment -- although I'll echo the above that credit goes to both you and your wife. For what it's worth, I think you made the right choice funding the 401(k) as well as repaying the debt. You might have paid it sooner, but you can't put 2015's limit into retirement sav...
by cherijoh
Sun Jan 31, 2016 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: How does expense ratio work?
Replies: 16
Views: 1522

Re: How does expense ratio work?

I'm planning on trading ETFs every month on my Vanguard account because it's free. Now I'm wondering how expense ratios affect my return. Is the ETF price slightly lowered everyday compared to the NAV? How does Vanguard actually take money away from me? Thanks for your help. Why are you choosing th...
by cherijoh
Sun Jan 31, 2016 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Unsecured personal line of credit as emergency fund?
Replies: 36
Views: 1180

Re: Unsecured personal line of credit as emergency fund?

The only financial emergency I've ever had was when I did total my car, I was probably 23 at the time. Had a Wells Fargo checking account. Had a Vanguard savings account. My dad drove out to help me buy a replacement car. We looked and looked and then found the best one that we could. (Renting a ca...
by cherijoh
Sun Jan 31, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Unsecured personal line of credit as emergency fund?
Replies: 36
Views: 1180

Re: Unsecured personal line of credit as emergency fund?

What if interest paid on the personal line of credit is tax deductible? I already have a credit card from my local credit union with a 9.9% interest rate on purchases and cash advances. They also offer a PLC at 12.9% and the credit limit would be combined with the credit card. The maximum credit li...
by cherijoh
Sun Jan 31, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Unsecured personal line of credit as emergency fund?
Replies: 36
Views: 1180

Re: Unsecured personal line of credit as emergency fund?

... in that it would work well for some types of emergencies -- like needing a major home or car repair. Every major home repair or car repair of mine took a few days to get done, so I would've had time to round up the money if I had not used credit cards. I have various layers of emergency funds a...
by cherijoh
Sun Jan 31, 2016 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Unsecured personal line of credit as emergency fund?
Replies: 36
Views: 1180

Re: Unsecured personal line of credit as emergency fund?

Everybody wishes that they didn't have to have an emergency fund. It's a real PITA. It's dumb. It's unsophisticated. For that reason, you need to be very careful about kidding yourself. It's very tempting to think you've found some way to have an emergency fund that doesn't interfere with keeping e...
by cherijoh
Sun Jan 31, 2016 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Unsecured personal line of credit as emergency fund?
Replies: 36
Views: 1180

Re: Unsecured personal line of credit as emergency fund?

What happens if part of the emergency is the bank withdrawing your ability to get the loan? I'm old fashioned and just keep my emergency fund in a savings account that can be liquidated in minutes if necessary. I also like the fact that I don't have to pay anyone interest should I need to use it wh...

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