Search found 3096 matches

by cherijoh
Thu Dec 08, 2016 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: What value should my 401k be at age 54?
Replies: 21
Views: 3755

Re: What value should my 401k be at age 54?

If you want to retire with the same life style you have now, a general guideline is: By 35 you should have saved an amount equal to your gross annual family income By 45 ....3X family income By 55.....6X family income By 65.....10X family income Another general guideline to see if you are on track....
by cherijoh
Thu Dec 08, 2016 6:14 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 146
Views: 3388

Re: Explain why Rebalancing isn't Market Timing?

Ding, ding. I think there is a fair bit of vague/subjective thinking on this subject in this forum. Our ability to take risk doesn't stay constant as markets move so why is a fixed % or rebalancing bands sensible? Consider the last financial crisis. Lets say your risk tolerance before that was 80% ...
by cherijoh
Thu Dec 08, 2016 5:57 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 146
Views: 3388

Re: Explain why Rebalancing isn't Market Timing?

By buying and selling in reaction to movements in your allocation band, you are buying and selling in reaction to sentiment, which is inherently forward thinking / predictive. Therefore, market timing. . Nope, I disagree completely. If I have an investment policy statement that says I will maintain...
by cherijoh
Thu Dec 08, 2016 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: RMD Dilemma
Replies: 24
Views: 2629

Re: RMD Dilemma

Here is a detailed thread about conversions for someone who has $1.5M in a tIRA. You may be interested in some of the points mentioned, although your tIRAs are so much larger. It shows one way of looking at your conversion plan over several years. https://www.bogleheads.org/forum/viewtopic.php?f=1&...
by cherijoh
Wed Dec 07, 2016 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Pension Question
Replies: 7
Views: 1017

Re: Pension Question

My spouse's company has a pension that uses the calculation: Annual Salary x .1% x Number of Years of Service x "Multiplier" Every quarter this multipler is adjusted, and from what she has gathered our company is not the one that adjusts the multiplier. She says she has heard that the &qu...
by cherijoh
Wed Dec 07, 2016 7:38 am
Forum: Investing - Help with Personal Investments
Topic: (When) should I move from individual stocks to VTSAX?
Replies: 8
Views: 745

Re: (When) should I move from individual stocks to VTSAX?

Hello, First time poster, appreciate any pointers. I have individual stock in two Fortune 500 companies, rest of my taxable investment is in index funds. Both stocks held for greater than 5 years (from my employment at those companies), so should be taxed at long term capital gains rates. If I were...
by cherijoh
Sun Dec 04, 2016 8:09 pm
Forum: Personal Consumer Issues
Topic: Relocation to Asheville, NC
Replies: 14
Views: 1674

Re: Relocation to Asheville, NC

Asheville is about 2.5 hours from where I live and I really like it - I usually visit at least 1-2 times per year for a weekend or day trip. It has a diverse restaurant scene and lots of interesting galleries, artists and festivals. Unlike Charlotte, they didn't tear down all the historic buildings ...
by cherijoh
Sun Dec 04, 2016 9:08 am
Forum: Personal Finance (Not Investing)
Topic: possible to do IRA to Roth conversion & Roth withdrawals?
Replies: 15
Views: 787

Re: possible to do IRA to Roth conversion & Roth withdrawals?

This doesn't make sense to me. Why would you make a withdrawal from your Roth IRA to pay the taxes on a Roth conversion? because I have no assets that aren't in either Roth or TIRA or 401k. From my note above "Wouldn't converting a smaller amount (difference between your intended conversion an...
by cherijoh
Sun Dec 04, 2016 8:22 am
Forum: Personal Finance (Not Investing)
Topic: possible to do IRA to Roth conversion & Roth withdrawals?
Replies: 15
Views: 787

Re: possible to do IRA to Roth conversion & Roth withdrawals?

Some folks discover that while the IRS allows 55-and-older to withdraw penalty-free from a 401(k) after ending employment at that company, the company 401(k) plan is not required to allow that and many do not. First I've heard of that. Not a good thing. And surprising. You may say that this is just...
by cherijoh
Sat Dec 03, 2016 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth now = $0!!
Replies: 30
Views: 5855

Re: Net Worth now = $0!!

My net worth may go negative again if I take on a mortgage. I'm putting money aside each month for a down payment, but for the time being though, I'm satisfied renting and not taking on additional debt. Actually a home is an asset so it's value goes on the positive side while the mortgage goes on t...
by cherijoh
Sat Dec 03, 2016 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: different 401(k) matches for different employees
Replies: 6
Views: 878

Re: different 401(k) matches for different employees

I do not believe there is any way for an employer to offer different matching contribution terms to a single employee. +1 I believe that would violate the provisions of ERISA. Unless the company offers a cafeteria plan where employees are given a fixed sum to purchase benefits, I expect OP will get...
by cherijoh
Sat Dec 03, 2016 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Not happy with my realtor
Replies: 48
Views: 4268

Re: Not happy with my realtor

I'm a buyer and he's shown me 5 or 6 houses. I'm looking in a particular and relatively small neighborhood. Would it be unreasonable or inappropriate for me to ask him to contact the homeowners there to see if any might be interested in selling? Maybe I should stop thinking of him as my advocate. T...
by cherijoh
Fri Dec 02, 2016 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 106
Views: 9691

Re: Handling "drive-by" doctoring bills following surgery?

The excellent doctor who recently operated on my wife's umbilical hernia got less than $500 for the procedure. I find the amounts billed for the mystery doctors exceptionally offensive. I would as the state insurance department if the charges were customary. Almost as offensive as what your surgeon...
by cherijoh
Fri Dec 02, 2016 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 106
Views: 9691

Re: Handling "drive-by" doctoring bills following surgery?

I've never heard of a self insured plan, what is it exactly? I have BCBS thru my employer plan, does that mean they are not self insured? Or how would I find out? My previous megacorp employer was self-insured and used Aetna for claims handling. I'm not sure if BCBS does administrative only claims ...
by cherijoh
Fri Dec 02, 2016 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Very tough career choice part 2 (ego, startup, hedge funds)
Replies: 78
Views: 7101

Re: Very tough career choice part 2 (ego, startup, hedge funds)

Something very similar happened to me a few years ago, I was working for a smaller oil and gas start up in a senior role. I was high highly thought of in the company, but was passed over for a promotion and they brought someone in externally. That person they brought in ended up being the worst bos...
by cherijoh
Fri Dec 02, 2016 6:10 am
Forum: Personal Consumer Issues
Topic: Got a Job offer, can I see 401k options beforehand?
Replies: 90
Views: 6640

Re: Got a Job offer, can I see 401k options beforehand?

If the 401K is through Fidelity you can probably assume it's a good plan. No! Mine is through Fidelity and is, um, not good. The company decides what funds to offer. Fidelity just manages the plan. Generally, large companies seem more likely to offer good plans than small companies. Thanks for the ...
by cherijoh
Thu Dec 01, 2016 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Engines Link (where did it go?)
Replies: 3
Views: 290

Re: Financial Engines Link (where did it go?)

It looks like they have repackaged it here.
by cherijoh
Thu Dec 01, 2016 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: possible to do IRA to Roth conversion & Roth withdrawals?
Replies: 15
Views: 787

Re: possible to do IRA to Roth conversion & Roth withdrawals?

My plan is to retire 12/31/17 at age 56.5. I have enough in my 401k to live off of until I turn 59.5. I foresee RMD issues in the future so I would like to begin converting my IRA's to Roth IRA's as soon as possible, with the additional thought of keeping gross income < $90,000 so I remain (after d...
by cherijoh
Thu Dec 01, 2016 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10052

Re: Feeling like you've "made it"

I'm worried about my financial future at a point when I thought such anxieties would go away. I'm 30, my wife is 28, and I know we're in very good shape by any objective measure: educated, good health, $500k net worth, 50% savings rate, and I recently hit a target in my career that should set me up...
by cherijoh
Thu Dec 01, 2016 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Stop 401k contributions to pay debt?
Replies: 9
Views: 533

Re: Stop 401k contributions to pay debt?

Some questions: 1. What is the interest rate you are paying on the loan? 2. What would be the total interest if you continue on the current path? 3. How much interest would save with your plan of diverting from 401k contribution to pay off the loan earlier? 4. How much is the loan? 5. How likely is...
by cherijoh
Wed Nov 30, 2016 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Retirement distribution
Replies: 7
Views: 877

Re: Retirement distribution

My wife and I collect SS in the amount of $48,000/year. There is no other income. We need to increase that amount to $60,000. Our choices are take money from taxable account or use dividends/interest from tax deferred account. Which one would you recommend? Once RMD’s are started I would think that...
by cherijoh
Wed Nov 30, 2016 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Anyone cancelled covered CA insurance?
Replies: 20
Views: 1234

Re: Anyone cancelled covered CA insurance?

Is she POSITIVE her new insurance starts on December 1? Yes, she is positive about the new coverage. The surprising quickness of her new company's coverage is the reason why she didn't have time to give covered CA the 14 day lead time. The more I think about this the more I think she should not pay...
by cherijoh
Wed Nov 30, 2016 7:55 am
Forum: Personal Consumer Issues
Topic: 2 Gifts each under $50
Replies: 23
Views: 2725

Re: 2 Gifts each under $50

What about a themed gift basket? Are there any specialty food stores near you? they usually offer a variety this time of year. Or you could pull one together yourself. For an Italian dinner you could include a fancy infused olive oil and balsamic vinegar for dipping bread, bread sticks, fancy pasta,...
by cherijoh
Sun Nov 27, 2016 10:53 am
Forum: Investing - Help with Personal Investments
Topic: I've been leaving money on the table (401k)
Replies: 19
Views: 3413

Re: I've been leaving money on the table (401k)

This year and last year we have left matching money on the table it is hard to plan around DH's bonus. Last year we didn't know that 401k contributions were taken out of the bonus, and this year he got much more than his projected bonus, so we are hitting $18k before his last 2 paychecks. It's frus...
by cherijoh
Sun Nov 27, 2016 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Reinvest Dividends from Taxable to Roth IRA
Replies: 8
Views: 668

Re: Reinvest Dividends from Taxable to Roth IRA

I think this should be straight forward, but want to check before I commit for the long term. I own Vanguard Intermediate Term Bond (VBILX) in taxable and receive about $350-$400 in dividends every month. I recently directed the dividends to accumulate in the Vanguard Money Market account where I c...
by cherijoh
Sun Nov 27, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: No Appraisal Refinance
Replies: 23
Views: 1710

Re: No Appraisal Refinance

dustyroyal819 wrote:
cherijoh wrote: OP - what is the basis for your assumption that the property is worth $270K?


An official bank appraisal.


How stale is the appraisal?
by cherijoh
Sun Nov 27, 2016 9:25 am
Forum: Investing - Help with Personal Investments
Topic: 5 yrs into loan repayment. Payoff high interest loan w/ emergency fund? Roth allocation?
Replies: 5
Views: 325

Re: 5 yrs into loan repayment. Payoff high interest loan w/ emergency fund? Roth allocation?

Hello everyone, This thread is an update to this thread from nearly one year ago. I graduated from school in May 2012. One of my goals at graduation was to pay off all my student loans within five years. I have roughly $23,263 left. Two challenges during this time: a. My income is about 50k/yr (sta...
by cherijoh
Sun Nov 27, 2016 8:43 am
Forum: Personal Finance (Not Investing)
Topic: No Appraisal Refinance
Replies: 23
Views: 1710

Re: No Appraisal Refinance

Has anyone successfully (and recently) refinanced their mortgage without going through an appraisal? If so, who did you use? I have 190k left on a 270k property, a ~70% LTV. With the more stringent mortgage guidelines post-bubble, would 70% LTV be considered "low enough" not to need an ap...
by cherijoh
Sun Nov 27, 2016 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Investing vs Buying A Home?
Replies: 35
Views: 2542

Re: Investing vs Buying A Home?

I am 41 now and want to buy a house by the time I am 50. Yet I am kind of facing a dilemma here. Just a little backstory. I am a late a starter to investing (started at 40). So I am investing 30% of my yearly income into both my 401k and IRA via three-fund portfolios. I have the investing thing all...
by cherijoh
Sun Nov 27, 2016 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Advice for 30 Year-Old Aggressive Saver & Cautious Investor
Replies: 9
Views: 926

Re: Advice for 30 Year-Old Aggressive Saver & Cautious Investor

I'm thinking I'm overly cautious for someone my age. After speaking with my father, Future Roth IRA contributions will go to a Vanguard Target Retirement 2045 Fund. Future 401K contributions will go to a 2045 target retirement fund. I will always be an aggressive saver. This isn't about making more...
by cherijoh
Sun Nov 27, 2016 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Company Being Acquired - Any Advice?
Replies: 51
Views: 5892

Re: Company Being Acquired - Any Advice?

It's been about 5 months since your original post. How have things progressed? Has the merger already begun? Have you had a lot of people leave already? How is morale across the company? Are you already a few months into your retention, and do you have any sense of if you're more or less likely to ...
by cherijoh
Fri Nov 25, 2016 4:36 pm
Forum: Personal Consumer Issues
Topic: Got a Job offer, can I see 401k options beforehand?
Replies: 90
Views: 6640

Re: Got a Job offer, can I see 401k options beforehand?

Hey guys, so I've been unemployed for 8 months now, I just got a job offer and have until Monday to decide what happens. I don't start until January 3rd. They offered me 71k and I have to relocate to another city in my state. I was originally making $65k so it isn't much of a jump but after being u...
by cherijoh
Tue Nov 22, 2016 1:40 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 187
Views: 14937

Re: Retreat to cash

Markets do not like uncertainty, and it would appear that with the new president, 2017 will bring a period of uncertainty on some major issues. I DO NOT intend this post to elicit a political debate or name-calling contest. I have no leanings one way or the other with respect to political parties o...
by cherijoh
Tue Nov 22, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Need help. Drowning in debt and worried about the future and retirement
Replies: 243
Views: 21166

Re: Need help. Drowning in debt and worried about the future and retirement

I plan on going through every post and wriiting down all the generous advice that I have seen here. Then I can start going through the list and getting things done. I really appreciate the help. Keep them coming if there's something I need to hear or do. A lot of this will depend on getting my wife...
by cherijoh
Mon Nov 21, 2016 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Just joining the party
Replies: 15
Views: 1610

Re: Just joining the party

When (not "if") equities takes a down significant turn, having 20% minimum in bonds will allow you to rebalance in a more significant way exactly when equities are cheap. This will improve your returns. This is a cornerstone of Modern Portfolio Theory. It should be covered in all the good...
by cherijoh
Mon Nov 21, 2016 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Just joining the party
Replies: 15
Views: 1610

Re: Just joining the party

For the simple question of bond allocation in the retirement phase (>20 years from retirement), I think 100% stocks is a no-brainer, at least for me, as it beats any combination with bonds 95 times out of 100. Here's the graph to prove it. You have got to be kidding me. Averages by themselves are r...
by cherijoh
Mon Nov 21, 2016 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Need help. Drowning in debt and worried about the future and retirement
Replies: 243
Views: 21166

Re: Need help. Drowning in debt and worried about the future and retirement

Just talked to her. She's saying that she did some math and instead of $200 a week, she will only be bringing home around $120 a week or so after taxes and benefits. Subtracting from her unemployment, their would be a significant reduction of income, around $800 or so less a month when subtracted f...
by cherijoh
Mon Nov 21, 2016 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Need help. Drowning in debt and worried about the future and retirement
Replies: 243
Views: 21166

Re: Need help. Drowning in debt and worried about the future and retirement

I plan on going through every post and wriiting down all the generous advice that I have seen here. Then I can start going through the list and getting things done. I really appreciate the help. Keep them coming if there's something I need to hear or do. A lot of this will depend on getting my wife...
by cherijoh
Mon Nov 21, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Need help. Drowning in debt and worried about the future and retirement
Replies: 243
Views: 21166

Re: Need help. Drowning in debt and worried about the future and retirement

Good job paying off the credit cards. Getting out of debt is simple, but not easy. The good news is you are not bankrupt. Cut your expenses as much as you can, and put as much as you can towards high interest debt. Also, liquidate what you can to pay off the debt. You probably need a less expensive...
by cherijoh
Mon Nov 21, 2016 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Need help. Drowning in debt and worried about the future and retirement
Replies: 243
Views: 21166

Re: Need help. Drowning in debt and worried about the future and retirement

I agree with those who are advising you to consider the problem from your wife's perspective. In fact, I think that you should create financial plans that treat your debts, assets, and income separately, at least as an exercise. You might find that her spending is not at all unreasonable given her ...
by cherijoh
Mon Nov 21, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Need help. Drowning in debt and worried about the future and retirement
Replies: 243
Views: 21166

Re: Need help. Drowning in debt and worried about the future and retirement

Is your car loan really 13%?? Yes. I had bad credit and no cosigner. That was the best I could do through the dealership. I've been working on my credit and its starting to improve. I looked at even refinancing it but I think I need to keep improving my credit. I would look to see if you can join a...
by cherijoh
Mon Nov 21, 2016 6:34 am
Forum: Personal Finance (Not Investing)
Topic: approach to taxable investing for charitable donations
Replies: 9
Views: 734

Re: approach to taxable investing for charitable donations

I'm in the 28% marginal bracket if that changes the calculus. Can livesoft or anyone else elaborate on the idea that a DAF is best used as a rapid conduit rather than a growth account? How then is a DAF better than just directly donating to the charities? Some charities are not set up to accept don...
by cherijoh
Sat Nov 19, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 5960

Re: Early retire considering Self-Insurance for healthcare

Number 2 may not be the case - need is not the right word. My family dumped health insurance this month and the bill for a visit without healthcare insurance was like 60% of the "negotiated" rate of the insurance company - no negotiating. My parents, who never purchased insurance while I ...
by cherijoh
Sat Nov 19, 2016 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Contribution limit question – not a ‘defined contribution plan’
Replies: 11
Views: 683

Re: Contribution limit question – not a ‘defined contribution plan’

Yep I understand that's how my plan works now. Thanks The reason I put 54k in the post is that I found on the IRS website that for 2017 the limit will increase to 54k "The limitation for defined contribution plans under Section 415(c)(1)(A) is increased in 2017 from $53,000 to $54,000." I...
by cherijoh
Sat Nov 19, 2016 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 63
Views: 6026

Re: Go part time number

I went to part-time status (three days a week) several months ago and it's been great. My husband has also cut back on work. It sounds so easy to just "cut back on work". How many companies/professions allow this, or make it easy? Did you guys change jobs or just go to your boss, and say ...
by cherijoh
Sat Nov 19, 2016 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income In Roth IRA
Replies: 18
Views: 1632

Re: Fixed Income In Roth IRA

Therefore, how are you going to "achieve exactly the same wealth after tax" by putting lower expected return assets in your Roth account? If the two portfolios have the same tax adjusted AA, you end up at the same place, because it's just math... Have you actually gotten out a piece of pa...
by cherijoh
Fri Nov 18, 2016 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income In Roth IRA
Replies: 18
Views: 1632

Re: Fixed Income In Roth IRA

To a first approximation, prioritizing stocks-in-Roth without controlling for after-tax values is just another way to take more risk in exchange for a higher expected return. Not that there's anything wrong with that, but it is not a free lunch, and there are alternative ways to get the same lunch ...
by cherijoh
Fri Nov 18, 2016 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance - looking for guidence
Replies: 7
Views: 1846

Re: Inheritance - looking for guidence

I've recently inherited some $$ (non spouse) and I'm trying to make some serious potentially life changing decisions. How should I reinvest this money and do I potentially have enough to retire early as my job is potentially on the line due to an upcoming RIF? I'd want to work in some capacity goin...
by cherijoh
Thu Nov 17, 2016 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income In Roth IRA
Replies: 18
Views: 1632

Re: Fixed Income In Roth IRA

To a first approximation, prioritizing stocks-in-Roth without controlling for after-tax values is just another way to take more risk in exchange for a higher expected return. Not that there's anything wrong with that, but it is not a free lunch, and there are alternative ways to get the same lunch ...
by cherijoh
Wed Nov 16, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Slightly weird financial situation [help with budget]
Replies: 15
Views: 2443

Re: Slightly weird financial situation

Hi all, my situation is a little wonky, so I need help prioritizing parts of my budget! MONTHLY INCOME AND LIVING EXPENSES: My living expenses are $2,500 on average and can’t be reduced (trust me on that one). My take home pay is $3,700. I am currently paying, as of the past two months, about $1,00...

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