Search found 3508 matches

by cherijoh
Tue Feb 21, 2017 7:34 am
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 117
Views: 4808

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: 117
Views: 4808

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: 117
Views: 4808

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: 117
Views: 4808

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: 117
Views: 4808

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: 117
Views: 4808

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: 117
Views: 4808

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: 117
Views: 4808

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: 117
Views: 4808

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 Consumer Issues
Topic: Another can we afford home thread!
Replies: 15
Views: 857

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 ...
by cherijoh
Mon Feb 20, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: Another can we afford home thread!
Replies: 15
Views: 857

Re: Another can we afford home thread!

How much of that $175k income is attributable to your wife? If it's a lot, and she plans on leaving that income in a few years, this plan doesn't make sense to me. Other than a shorter drive to schools, what are you getting with this new house? 2400 square feet is plenty for 4 people unless it's a ...
by cherijoh
Mon Feb 20, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Will I get tax forms from my 401(k) plan?
Replies: 4
Views: 301

Re: Will I get tax forms from my 401(k) plan?

I'm assuming that at this point, no, since I only have pre-tax and Roth funds, which are both tax-sheltered. Correct - no tax forms will be issued for contributing to 401k. Your w4 will have the contribution amounts, along with your gross income, taxes withheld, etc. But let's say that I in the fut...
by cherijoh
Mon Feb 20, 2017 8:48 am
Forum: Investing - Help with Personal Investments
Topic: 40yo on track to-semi?-FIRE by 50?
Replies: 5
Views: 1025

Re: 40yo on track to-semi?-FIRE by 50?

I think we need more information. Especially your expenses now and how you estimate them for retirement. Medical insurance costs are potentially a big factor in those calculations. You are looking at least a 35 year retirement, hopefully longer :). I think counting on rental income as a guarantee t...
by cherijoh
Mon Feb 20, 2017 8:15 am
Forum: Personal Consumer Issues
Topic: Anyone have a house keeper ("Mommy's" helper)?
Replies: 21
Views: 1726

Re: Anyone have a house keeper?

We have a couple young kids and find that there isn't enough time on weekdays with work, spending ample quality time with our kids, our hobbies, eating healthy family dinners, and the never ending dishes, laundry, cleaning / picking up / organizing. We have a house cleaner but are considering a hou...
by cherijoh
Mon Feb 20, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Should we purchase a $1 Million dollar home with all cash?
Replies: 41
Views: 4649

Re: Should we purchase a $1 Million dollar home with all cash?

At your stage of life I would get a mortgage for some of the cost of the house. Maybe not 80%, maybe closer to 50%. The Bay area has the possibility of earthquake damage. You can't fully insure against this risk even if you are willing to buy the insurance. I would not like so many eggs in one bask...
by cherijoh
Mon Feb 20, 2017 7:29 am
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 117
Views: 4808

Re: 20% bonds: why bother at 48?

I'm 48 and spouse is 52. I know that bonds reduce overall volatility. However, if I'm not concerned about a bumpy road during the next 10 years or so, why bother having any? If here's a global meltdown, 20% won't be enough to be meaningful. I am on board that within 5 years of retirement, I need to...
by cherijoh
Sun Feb 19, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: New Job
Replies: 3
Views: 449

Re: New Job

Questions: 1. My current 401k will accept rollovers from a Rollover IRA, but not directly from my 457b or 401a. If I move the money to a Rollover IRA with Vanguard, then roll it into my 401k at work, is there anything special I need to know? Will this cause any issues with Roth contributions and/or...
by cherijoh
Sun Feb 19, 2017 12:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 10TH BIRTHDAY BOGLEHEADS FORUM
Replies: 59
Views: 2241

Re: HAPPY 10TH BIRTHDAY BOGLEHEADS FORUM

Very cool.... From my join date looks like I was in early on (after the semi-secret launch :-) ), so collectively you guys and gals have made a huge difference in my finances.... Thank you one and all, those present and lost! And I joined one day later, so my 10th anniversary is tomorrow. :happy I ...
by cherijoh
Sun Feb 19, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4838

Re: Tesla Model 3 or Chevy Bolt?

Neighbor is asking. 50 mile commute and will probably do some road trips. Two year time frame. I'm suggesting Model 3, because of access to Superchargers. Superchargers work, are relatively fast, are rarely iced, and in many locations unlike public chargers. That alone i think is a huge advantage, ...
by cherijoh
Sun Feb 19, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: [UK] Credit Rating--Notice of Corrections
Replies: 1
Views: 151

Re: Credit Rating--Notice of Corrections

Do you feel you have been unfairly impacted by the deduction in your credit rating (e.g., denied favorable terms or denied a loan)? What are the generally accepted ranges for EXCELLENT, GOOD, FAIR, POOR, etc. in the UK?
by cherijoh
Sun Feb 19, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: 1.3 million dollars in debt
Replies: 34
Views: 7102

Re: 1.3 million dollars in debt

Thank you all for the quick replies. Paying off the high interest student loan debt definitely seems like a no brainer. That being said, I know I can get 4 or 4.5% fixed if I refinance the student loans with a private institution. My worry is this; the second I do that, the bubble will burst and fe...
by cherijoh
Sat Feb 18, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Stock Market Fears
Replies: 54
Views: 5320

Re: Stock Market Fears

Lots of retirees dial down risk. A 50/50 or 40/60 portfolio is common. Some may even go to 30/70 if they are quite conservative. I don't think many investors think you can go to Treasuries, wait out a storm, then hop back into the market successfully. Read a few books on the Wiki reading list. Bogl...
by cherijoh
Sat Feb 18, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 53
Views: 4286

Re: Need advice on girlfriend debt/finances

cachemoney wrote:We have already agreed on not having kids.


it doesn't always work out the way you expect.

cachemoney wrote:She only works 25hrs/week which is concerning to me.


What does she do with the rest of her time? Has she ever had a full time job? Is she currently looking for one?
by cherijoh
Sat Feb 18, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Pre and Post Tax 401K dollars comingled in IRA
Replies: 13
Views: 549

Re: Pre and Post Tax 401K dollars comingled in IRA

The post tax amount is miniscule when compared to the total IRA balance. I'm not wanting to convert the entire IRA to Roth -- just the post tax amount of $1200. Did you read the post by DSinvestor in this thread? He/she has already explained why you CANNOT do this. And as Ryman has already pointed ...
by cherijoh
Sat Feb 18, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling Over IRA to Crappy 401k in order to backdoor roth
Replies: 22
Views: 1297

Re: Rolling Over IRA to Crappy 401k in order to backdoor roth

You might want to read up on tax-efficient placement of funds. The balanced fund may be ok for intermediate-term needs since it is a conservative allocation, but if you start investing in taxable with a goal of retirement funding, you are better off using the Total Stock Market Index or Total Inter...
by cherijoh
Sat Feb 18, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Selling taxable fund
Replies: 8
Views: 423

Re: Selling taxable fund

We have a taxable mutual fund (Janus Twenty) that we have had for a long time. It no longer fits our needs so we want to sell. The money from it will go into our Vanguard Index 500. Can we somehow have the money transferred to Vanguard or do we need to receive the money from Janus first and then do...
by cherijoh
Sat Feb 18, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: How important is 401k/403b's greater protection against creditors?
Replies: 15
Views: 871

Re: How important is 401k/403b's greater protection against creditors?

Creditor protection for IRAs is variable by state, including treatment of inherited IRAs. Some states have robust creditor protection which may be approximately equivalent to ERISA protection, depending on where you live. +1 In my state (NC), retirement plans are classified as exempt property (i.e....
by cherijoh
Sat Feb 18, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy on kids - prudent?
Replies: 35
Views: 1922

Re: Life insurance policy on kids - prudent?

livesoft wrote:No, unless the child is supporting the entire family with the child's lucrative acting or entertaining career.


:D :D :D
by cherijoh
Sat Feb 18, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling Over IRA to Crappy 401k in order to backdoor roth
Replies: 22
Views: 1297

Re: Rolling Over IRA to Crappy 401k in order to backdoor roth

You might want to read up on tax-efficient placement of funds. The balanced fund may be ok for intermediate-term needs since it is a conservative allocation, but if you start investing in taxable with a goal of retirement funding, you are better off using the Total Stock Market Index or Total Inter...
by cherijoh
Sat Feb 18, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Rolling Over IRA to Crappy 401k in order to backdoor roth
Replies: 22
Views: 1297

Re: Rolling Over IRA to Crappy 401k in order to backdoor roth

If you move the IRA into the 401k, the high fees are a certainty (to the tune of $300 a year), and you lose the current flexibility you have now as you're exploring options. +1 This is an important point. Once you roll the IRA into her 401k plan, I would expect that the money will be stuck for howe...
by cherijoh
Sat Feb 18, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Possible Roth Conversion Question
Replies: 10
Views: 557

Re: Possible Roth Conversion Question

It's a big bite, but since the amount is small, it might be worth it if she gets to use the back door for several or many years. Of course, we don't know that will happen. I think I might go for it though. I think $16k may be a drop in the bucket later on. Another option would be to split it out ov...
by cherijoh
Sat Feb 18, 2017 8:13 am
Forum: Personal Finance (Not Investing)
Topic: "With $15 Left in the Bank, a Baby Boomer Makes Peace With Less" -- A cautionary tale
Replies: 37
Views: 4408

Re: "With $15 Left in the Bank, a Baby Boomer Makes Peace With Less" -- A cautionary tale

This person made many mistakes, but at least she eventually analyzed her situation and implemented a realistic plan. I think that is an important lesson. Run the numbers and trust the math. There really aren't magical solutions to these problems. I have a friend in his mid-60s who has been intermit...
by cherijoh
Sat Feb 18, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: "With $15 Left in the Bank, a Baby Boomer Makes Peace With Less" -- A cautionary tale
Replies: 37
Views: 4408

Re: "With $15 Left in the Bank, a Baby Boomer Makes Peace With Less" -- A cautionary tale

Interesting. I'm either a late Gen X or early Millennial depending on how it's defined, but I wonder how my generation will end up in middle age. Overpaying for college seems to be a major problem for many in my generation, but I admit that might just be anecdotal. It also reflects my own biases. L...
by cherijoh
Fri Feb 17, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: RMDs
Replies: 7
Views: 623

Re: RMDs

I am not yet taking RMDs, but it is my understanding that the RMD that you take in 2017 is calculated from your December 21, 2016 balance. So why are you concerned about a future dividend distribution? Maybe he doesn't want to sell anything until after he collects the dividend(s). (And I'm sure you...
by cherijoh
Fri Feb 17, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Large capital gain in 2017 from estate, set money aside in CD now?
Replies: 9
Views: 683

Re: Large capital gain in 2017 from estate, set money aside in CD now?

Your post appears as if you are treating the entire distribution as taxable income. Gill There have been several posts by different people - to whom is your post directed? (FYI, in case you were not aware - you can quote a particular post by clicking on the quotation marks in the upper right hand s...
by cherijoh
Fri Feb 17, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Progress Made - What Now? (Pay off cheap mtg or invest)
Replies: 22
Views: 1966

Re: Progress Made - What Now? (Pay off cheap mtg or invest)

I'm no expert real estate investor, but we do own a rental property and wife is a realtor. Looking to add more. The reserves of $17k seems really low to me. We plan for $10k for first property and +$5k for each additional. If I had your portfolio of rentals I would have $50k reserves. May be too co...
by cherijoh
Fri Feb 17, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Private home sale (without agents): Where to start with price?
Replies: 34
Views: 1713

Re: Private home sale (without agents): Where to start with price?

OP needs to understand that it may not be possible to make a deal. If OP isn't willing to pay what the seller is convinced the house is worth, it will go on the market and OP can bid along with everyone else. It would be nice to do this deal without realtors, but may not be possible. Someone else m...
by cherijoh
Fri Feb 17, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Large capital gain in 2017 from estate, set money aside in CD now?
Replies: 9
Views: 683

Re: Large capital gain in 2017 from estate, set money aside in CD now?

I'm not sure where you got the idea that you won't need to make estimated taxes on the capital gain. Obviously you can't make a payment in the 1st quarter for some as-yet-unknown gain later in the year, but you will be expected to make an estimated payment for the quarter in which you have the gain...
by cherijoh
Fri Feb 17, 2017 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Really Vanguard? 48 Cents?!
Replies: 40
Views: 4554

Re: Really Vanguard? 48 Cents?!

I imagine you could mail in a check if Vanguard would accept that, but then postage doubles what your paying to contribute! Either way, wouldn't the IRS round to the nearest dollar, so $5499.52 would round to $5500? What has the IRS got to do with anything? He said it is a Roth which isn't reported...
by cherijoh
Fri Feb 17, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Large capital gain in 2017 from estate, set money aside in CD now?
Replies: 9
Views: 683

Re: Large capital gain in 2017 from estate, set money aside in CD now?

I won't get hit with a penalty if I don't make estimated tax payments on capital gains, will I (seems unlikely since I will not know the amount of capital gain until later this year)? I'm not sure where you got the idea that you won't need to make estimated taxes on the capital gain. Obviously you ...
by cherijoh
Fri Feb 17, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella 1 million $500
Replies: 32
Views: 2216

Re: Umbrella 1 million $500

We've been shopping umbrella coverage. Definitely want excess uninsured/underinsured motorist coverage, as we figure that's our greatest risk. We have underlying autos at 250K/500K. $500/year seems really high. We don't have a pool, boat, plane, etc. And this excludes any business coverage (we're r...
by cherijoh
Fri Feb 17, 2017 6:52 am
Forum: Personal Consumer Issues
Topic: Cruise suggestions.
Replies: 27
Views: 2131

Re: Cruise suggestions.

My wife and I are planning to take a 15 day long cruise around the Med this fall. We are starting in Italy and traveling to Greece and stopping in lots of other places along the way. We are paying a lot for this trip. So I am wondering what things I need to do to save money or precautions I need to...
by cherijoh
Fri Feb 17, 2017 6:22 am
Forum: Investing - Help with Personal Investments
Topic: Really Vanguard? 48 Cents?!
Replies: 40
Views: 4554

Re: Really Vanguard? 48 Cents?!

Not the end of the world, but why didn't the Vanguard algorithm just take the additional 48 cents with my last investment of 2016? Why didn't it "maximize". Jeeze..... Seriously? The answer is quite simple - because then they wouldn't have been following your instructions! Your intention ...
by cherijoh
Fri Feb 17, 2017 6:07 am
Forum: Investing - Help with Personal Investments
Topic: Really Vanguard? 48 Cents?!
Replies: 40
Views: 4554

Re: Really Vanguard? 48 Cents?!

I imagine you could mail in a check if Vanguard would accept that, but then postage doubles what your paying to contribute! Either way, wouldn't the IRS round to the nearest dollar, so $5499.52 would round to $5500? What has the IRS got to do with anything? He said it is a Roth which isn't reported...
by cherijoh
Fri Feb 17, 2017 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Retire in my 30s?!
Replies: 34
Views: 5362

Re: Retire in my 30s?!

If the business is in tech I wouldn't quit your day job just yet. I was in a similar situation to you from about the age of 25-30, making between 100-200k per year online. The entire time I kept my full time job as a back up, even though it was paying about 50k per year. Now at the age of 34, my bu...
by cherijoh
Thu Feb 16, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Investing for early-ish retirees? [type of account for pre-59.5 expenses]
Replies: 9
Views: 951

Re: Investing for early-ish retirees? [type of account for pre-59.5 expenses]

42Y and planning to retire in approx 8 years. We max 401k and save around 50% of gross. No future income in the form of pensions, rents, etc. Figuring 15% tax bracket at retirement. What kind of account should we select to draw upon until 59.5? (I understand there are ways to access the 401k earlie...
by cherijoh
Thu Feb 16, 2017 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Closed my Roth IRA due to political uncertainty - mistake???
Replies: 102
Views: 5592

Re: Closed my Roth IRA due to political uncertainty - mistake???

I'm new to investing, 42 yrs old, self-employed, and opened a Roth last year. I'm pretty risk averse and had a Vanguard target retirement with a 60/40 AA. However, I'm very concerned [paranoid?] that the current political climate will eventually cause the market to tank, so I closed my account and ...
by cherijoh
Wed Feb 15, 2017 7:37 am
Forum: Personal Consumer Issues
Topic: Appalachian Trail thru-hike in retirement?
Replies: 72
Views: 9080

Re: Appalachian Trail thru-hike in retirement?

My wife and I plan on thru hiking the Appalachian Trail the spring after we retire. (2016 or 2017)Any one else have these plans. We have been talking about this for at least 10 years now. As of right now, excluding time with family, hiking the trail is the only major thing on our bucket list. What ...
by cherijoh
Tue Feb 14, 2017 10:19 pm
Forum: Personal Consumer Issues
Topic: Best time for massage?
Replies: 15
Views: 1957

Re: Best time for massage?

I need to schedule several massage sessions for my upcoming vacation at a Czech spa. What's the best time for 50 and 110 minute sessions? I am thinking about late afternoon, before dinner, e.g., at 4-5 pm. Does it seem right? Thank you, Victoria You may find that you are no longer interested in din...
by cherijoh
Tue Feb 14, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Adjusting 401k contributions for bonuses and raises
Replies: 17
Views: 590

Re: Adjusting 401k contributions for bonuses and raises

I should add that employer matches dollar for dollar up to 6% Is that on a per-paycheck basis, or does the match stop if you hit the $18K sooner before your last paycheck? That is, is it up to 6% of the paycheck? Or 6% of total compensation? +1 If your company doesn't do a "true up" match...

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