Search found 212 matches

by cjcerny
Fri Oct 12, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: How are RMD's handled if you have more than one IRA account?
Replies: 3
Views: 529

How are RMD's handled if you have more than one IRA account?

Are RMD's required for each IRA account that you have when you have more than one or is the IRS happy as long as the total $ amount you withdraw from a combination of all those accounts is greater than or equal to the total RMD you owe each year?
by cjcerny
Fri Oct 05, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: How much effort to close an estate and is it worth it?
Replies: 13
Views: 1429

Re: How much effort to close an estate and is it worth it?

There is no will. No one has started the ball rolling with probate yet. My uncle did have a sizeable IRA with beneficiaries named, so that money has already been dispersed. Just trying to figure out if it is worth the effort to pursue the remaining $40k for which there were no beneficiaries and will...
by cjcerny
Fri Oct 05, 2018 6:36 am
Forum: Personal Finance (Not Investing)
Topic: How much effort to close an estate and is it worth it?
Replies: 13
Views: 1429

How much effort to close an estate and is it worth it?

So my uncle passed away several months ago. He had no spouse and no children. He has 3 siblings, of which my mom is one. Best we can tell, his estate is worth about $40k. My sister is pushing my mom (who has no tolerance for this kind of thing) to start the legal process of closing his estate. I'm o...
by cjcerny
Tue Jul 03, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 125
Views: 14576

Re: Why not go 100% stocks?

The only reason not to be 100% in stocks is because the volatility may be too high for you. Volatility causes stress and dumb mistakes, like selling when the stock market plunges. Volatility is even more stressful if you are retired. Bonds lower the volatility of your portfolio. You won't really kno...
by cjcerny
Mon Jul 02, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: Recommend a vehicle for $24,000 or less
Replies: 47
Views: 4223

Re: Recommend a vehicle for $24,000 or less

Camry or Forester. Be patient on the price if there is no hurry. Around here (NE Ohio), new Camry LE prices dip to about $20k right before new model year comes out.
by cjcerny
Mon Jul 02, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Husband's job finally has a 401k offering with unusual funds
Replies: 29
Views: 2226

Re: Husband's job finally has a 401k offering with unusual funds

If there is no match, I would only contribute to this 401k if he maxes out a IRA or Roth IRA at Vanguard first.
by cjcerny
Mon Jul 02, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: bike helmets
Replies: 82
Views: 5165

Re: bike helmets

Bike helmet needs to be replaced after any impact. You can get a decent new helmet for as little as $40.
by cjcerny
Mon Jul 02, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Need Your Feedback on 100% VTSAX
Replies: 39
Views: 4163

Re: Need Your Feedback on 100% VTSAX

Why do you think you "need to save a lot more money"? You've already told us that your current annual expenses are $25k and that your pension will be $42k a year at age 65. Do you mean you need a much higher savings rate than what you currently have? I doubt it. Sounds to me like your savings rate i...
by cjcerny
Fri Jun 22, 2018 10:47 am
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 83
Views: 11100

Re: $1,700,000 "Portfolio Review" update from family trust

I think all you really need to do with the money remaining after you pay off your debts is to put some of it in VTSAX and some of it in a municipal bond index fund, in the percentages you choose. No reason to wait or go slow with your decision making. 50/50 would be a good split. Lean for a higher p...
by cjcerny
Wed May 30, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on tracking down deposits made to deceased uncle's checking account
Replies: 4
Views: 656

Advice on tracking down deposits made to deceased uncle's checking account

Long story short...uncle passed away 3 months ago. No spouse. No children. Had his mail forwarded to me to make sure I could wrap up his affairs. I am main beneficiary for his retirement accounts. Just received a recent checking account statement for him listing a couple of very cryptic and regular ...
by cjcerny
Tue May 15, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: College laptop for fall 2018 freshman
Replies: 82
Views: 5548

Re: College laptop for fall 2018 freshman

Dell XP3 13 is a great choice.
by cjcerny
Tue May 15, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: At a crossroads. Does my plan make sense?
Replies: 29
Views: 2972

Re: At a crossroads. Does my plan make sense?

I don't think you need to annuitize anything. Annuities are a vehicle for someone who runs the risk of outliving their savings. You are nowhere close to that. You can safely withdraw 4% a year from your $6.2m which would give you almost 3 times your monthly expenses. At this point, all your decision...
by cjcerny
Mon May 14, 2018 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 6199

Re: Are bonds really needed - why not 100% stocks?

I'm of the opinion that not everyone needs bonds. But, I would also caution that thinking you can stomach the volatility of a 100% stock portfolio and actually doing it are two totally different things. If you have any doubt at all about whether you can, or you have enough money already to where you...
by cjcerny
Mon May 14, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Cars similar to Toyota Corolla LE that I should consider for purchase?
Replies: 26
Views: 2409

Re: Cars similar to Toyota Corolla LE that I should consider for purchase?

Why not just another Prius? Maybe too expensive? Go used. New hybrid Camry is also a great car. Corolla and Camry would be the only non-hybrid cars I would consider for replacing a Prius.
by cjcerny
Thu Apr 26, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: Another Warren Buffett S&P 500 Recommendation
Replies: 76
Views: 8554

Re: Another Warren Buffett S&P 500 Recommendation

There's so little performance difference between a low cost S&P 500 index and a low cost total stock index that I don't know why anyone would doubt whether they were following Buffett's advice if they owned one versus the other. Personally, I think Buffett would be fine with either and likely doesn'...
by cjcerny
Thu Apr 26, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 4787

Re: Is my computer obsolete?

Replace the hard drive with a SSD and it will be lightning fast. Win 10 upgrade at the same time will get you many more years out of this computer. Contact local computer shop for help with upgrading to a SSD and Win 10 if you are not familiar with those processes.
by cjcerny
Thu Apr 26, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: Comfortable Commuter Cars under $50K
Replies: 81
Views: 6523

Re: Comfortable Commuter Cars under $50K

New Camry Hybrid. Highway MPG is around 50. Go for the XLE trim if you want something a little more upscale.
by cjcerny
Thu Apr 12, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 18925

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

@cjcerny Thanks, will look into that. Any recommendations? A SPIA (single premium immediate annuity) is a simple insurance contract. You give an insurance company as much money as you want to and they, in turn, pay you a guaranteed monthly amount for as long as you live based on their calculations ...
by cjcerny
Wed Apr 11, 2018 6:50 am
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 18925

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

Sounds like you should be considering purchasing a simple fixed annuity with some or all of that $4 million.
by cjcerny
Wed Apr 04, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Strategy for 40 year old
Replies: 8
Views: 1146

Re: Investment Strategy for 40 year old

FrugalMutts wrote: ↑
Wed Apr 04, 2018 10:59 am
And one follow-up question, I tend to get overwhelmed trying to educate myself on the internet. Recommendations for another book to read next as accessible as the Collins book?
The Index Card by Olen and Pollack
by cjcerny
Fri Mar 09, 2018 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 10066

Re: Can I take an 85+% pay cut for fun?

I would just tough it out for another 5 or 10 years at the job you hate and then retire. Seems highly feasible given your current savings rates.
by cjcerny
Wed Feb 07, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Am I saving too much for retirement?
Replies: 105
Views: 14605

Re: Am I saving too much for retirment?

Good luck finding a retired person that says "I wish I hadn't saved so much for retirement." :D
by cjcerny
Fri Feb 02, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Bonds - Am I missing something
Replies: 89
Views: 9136

Re: Bonds - Am I missing something

1. 20 years until retirement 2. Not risk averse, invest monthly, will contribute even more during a downturn 3. 100% equity aside from my emergency fund. Do bonds serve any point whatsoever for someone still in the "Accumulation Phase" with the mental fortitude to not panic during a downturn ? Am I...
by cjcerny
Fri Feb 02, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Bonds - Am I missing something
Replies: 89
Views: 9136

Re: Bonds - Am I missing something

1. 20 years until retirement 2. Not risk averse, invest monthly, will contribute even more during a downturn 3. 100% equity aside from my emergency fund. Do bonds serve any point whatsoever for someone still in the "Accumulation Phase" with the mental fortitude to not panic during a downturn ? Am I...
by cjcerny
Mon Jan 08, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Best Phone Plan for 1 person
Replies: 86
Views: 4538

Re: Best Phone Plan for 1 person

$29.88/month for unlimited talk and text with 3gb of data at Walmart Family Mobile. Republic Wireless also worth a look.
by cjcerny
Thu Jan 04, 2018 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: What First Steps to Take to Help Me Become Financially Independent
Replies: 15
Views: 1918

Re: What First Steps to Take to Help Me Become Financially Independent

If I were in your shoes, my first step would be to invest only enough money in your 401k to get the full employer match. I would not invest a dime until I paid off the student debt. An emergency fund would also be a higher priority than investing.
by cjcerny
Tue Dec 12, 2017 12:02 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 8362

Re: Snow Tires? Worth it?

A good set of snow tires (like Michelin X-Ice) are way better than all season tires on snow and ice regardless of what kind of vehicle they are on. They also wear out a lot faster if you are not driving on snow and ice and have to come off promptly when Spring arrives. Definitely expensive, but defi...
by cjcerny
Wed Dec 06, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Anyone mirror AA acorss multiple accounts ?
Replies: 23
Views: 2080

Re: Anyone mirror AA acorss multiple accounts ?

For me mirroring would not be easier. I have 9 accounts. Most of the accounts only have a single fund. My two largest accounts (401k, taxable) have multiple funds. All rebalancing is done in the 401k and taxable. I set up a spreadsheet a number of years ago that makes it really easy to manage. I th...
by cjcerny
Fri Dec 01, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Are plasma TV's gone forever?
Replies: 36
Views: 5950

Re: Are plasma TV's gone forever?

Weight and heat killed plasma. OLED picture quality is even better, without either weight or heat. OLED prices will drop.
by cjcerny
Fri Dec 01, 2017 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice/evaluation
Replies: 3
Views: 561

Re: Portfolio advice/evaluation

I think you'll be fine just owning the S&P500 fund in your 401k. There is very little difference between the performance of a S&P500 fund and a total stock market fund. A savings account or CD or money market account or high interest checking account are all perfectly acceptable choices for an emerg...
by cjcerny
Wed Nov 15, 2017 8:47 am
Forum: Personal Consumer Issues
Topic: Chromebook/Similar for Elderly Dad
Replies: 30
Views: 2692

Re: Chromebook/Similar for Elderly Dad

I would seriously consider an iPad rather than a Chromebook. Chromebook is great tool for folks who need to simple work like word processing, spreadsheets, surfing, etc. If you need something super simple, easy to use for someone that doesn't doesn't do hardly any typing and doesn't need to do "work...
by cjcerny
Thu Oct 26, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone adding in specific Funds for heirs
Replies: 13
Views: 1076

Re: Anyone adding in specific Funds for heirs

I actually do everything based on what would be the most simple and straightforward for my heirs to handle, even though I know I could spend less on expenses and taxes if I were to do something else. My 401k, Roth IRA, and cash accounts are all in Vanguard's Balanced Index Fund. I did that for three...
by cjcerny
Wed Oct 04, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: TV DVR Dilemnia: OTA or Satellite
Replies: 11
Views: 1354

Re: TV DVR Dilemnia: OTA or Satellite

There are really cheap OTA DVR options out there. For example, if you have a PC that runs Win 7 in your house, you can buy a very inexpensive USB OTA tuner for it and use the Media Center functionality that Win 7 has. There are a couple of other OTA DVR choices out there too, but they are usually $2...
by cjcerny
Thu Aug 31, 2017 2:15 pm
Forum: Personal Consumer Issues
Topic: ICE, hybrid, Phev, electric for short trips
Replies: 36
Views: 2446

Re: ICE, hybrid, Phev, electric for short trips

This will sound crazy but, if I were only making occasional 3-5 mile trips, and the routes were amenable to it, I would just supplement a regular car with a bicycle. The Earth will thank you. Your body will thank you.
by cjcerny
Fri Jul 21, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 78 yo widow's investments
Replies: 8
Views: 1122

Re: Help with 78 yo widow's investments

Monte Carlo says she has an excellent chance of getting $9000 a year from a $116k portfolio for 11 years. If she lives longer than that, though, chances are very strong that she will run out of money. I would consider a single premium immediate annuity for her. A simple fixed annuity is a great opti...
by cjcerny
Thu Jul 20, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 9959

Re: Would you let your teenager spend all his savings on a gaming computer?

I think there are a couple of angles to this one: One, you don't need to spend $1800 to get a decent gaming computer. You can get something decent on sale at your local Microcenter for about $600 that will do a great job with games. You can also troll Craigslist for used gaming computer parts. There...
by cjcerny
Tue Jul 11, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Is Medicaid eligibility based only on income or are assets included too?
Replies: 21
Views: 2891

Re: Is Medicaid eligibility based only on income or are assets included too?

As said, state requirements are different. In my state it is recommended that a potential client apply even though you aren't sure you are eligible. So, I suggest your friends apply and not have to guess. They've both already qualified. I'm just confused as to how someone with a lot of assets who i...
by cjcerny
Tue Jul 11, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Is Medicaid eligibility based only on income or are assets included too?
Replies: 21
Views: 2891

Re: Is Medicaid eligibility based only on income or are assets included too?

For clarification, you are talking about health care, not long term custodial care, right? I think in that case in some states only income is considered. Right--talking about health care here. Income only seems like a stupid crazy way to determine if someone is eligible for Medicaid health care, by...
by cjcerny
Tue Jul 11, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Is Medicaid eligibility based only on income or are assets included too?
Replies: 21
Views: 2891

Is Medicaid eligibility based only on income or are assets included too?

So, I'm perplexed...I have a couple of friends (they are married to each other) who both currently have low enough incomes to apparently qualify for Medicaid. They also happen to have a home that's worth about $350k (paid for) and some land that's worth another $150k (paid for) or so. Should a coupl...
by cjcerny
Thu Jul 06, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 159
Views: 16858

Re: Long term care insurance - is it worth it?

I'd say LTC insurance is worth it if you don't have enough money when you retire money to self-insure against an average long term care stay. I think the average cost of long term care is about $250k or so. So, if you are retiring with $3 million, you have self-insured against the typical LTC costs....
by cjcerny
Mon Jul 03, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard recommended Retirement allocation too simple?
Replies: 70
Views: 9464

Re: Vanguard recommended Retirement allocation too simple?

I would posit that the recommendation is not too simple, but too complex. I am of the opinion that you can do without both international funds. The extra diversification certainly doesn't hurt but, historically, it hasn't really helped that much either, at least in this country. However, I do conced...
by cjcerny
Mon Jul 03, 2017 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Our $101K "Problem" <--that much in cash savings
Replies: 16
Views: 2726

Re: Our $101K "Problem" <--that much in cash savings

Why is your wife against opening a cash account? I have 200k in cash outside of my retirement accounts (I inherited cash) and it isn't criminal or scary. Tax is the only downside, and it's pretty minimal if you invest in Vanguard's Total Stock Market index fund and just leave it alone. I just keep m...
by cjcerny
Thu Jun 29, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: Getting a new cooktop, gas vs electric?
Replies: 72
Views: 6169

Re: Getting a new cooktop, gas vs electric?

I think an electric smoothtop is the way to go given all the current choices. I have not found mine to be fragile.
by cjcerny
Tue Jun 27, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Advice for relative with mostly cash and 7-10 years to retirement?
Replies: 25
Views: 2820

Re: Advice for relative with mostly cash and 7-10 years to retirement?

If they have a mortgage then paying that off might be a good choice for a risk averse person. This is an excellent suggestion. Prepaying any debt they might have is a great first choice, if available. I guess I would also point out that it's OK to leave people to their own devices, even if you know...
by cjcerny
Tue Jun 27, 2017 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Advice for relative with mostly cash and 7-10 years to retirement?
Replies: 25
Views: 2820

Re: Advice for relative with mostly cash and 7-10 years to retirement?

I think the discussion is all about asset allocation in the sense that you need to understand why it is that they have avoided any bond or stock investing to this point. Maybe they are just have no tolerance for any volatility. Maybe they don't understand inflation. Has to be one of those or somewhe...
by cjcerny
Tue Jun 20, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 96
Views: 25457

Re: Tracking progress to $1M portfolio and no mortgage by 40

If it were me, I would want goals that are more under my control. So, for example, rather than setting a goal of "I want my portfolio to be worth X by year YYYY", I would have a goal of "I want contribute $xxxx in year YYYY to my portfolio". That is a goal that you can strive for. If the stock marke...
by cjcerny
Tue Jun 13, 2017 8:45 am
Forum: Investing - Theory, News & General
Topic: Ok reasons for a 37 year old to have a 60/40 mix?
Replies: 66
Views: 11178

Re: Ok reasons for a 37 year old to have a 60/40 mix?

I'm 50 and all in on Vanguard's Balanced Index Fund. No plan to change once I retire, but I will if I find the volatility to be unnerving at that point. All my investment decision making is made based on the volatility. I've found a level that I am completely comfortable with.
by cjcerny
Tue May 30, 2017 6:29 am
Forum: Personal Consumer Issues
Topic: Mouse In Apartment
Replies: 55
Views: 7459

Re: Mouse In Apartment

Any kind of trap with a dab of peanut butter on it will reel in them meeces. Capture or kill enough of them and they will likely not return.
by cjcerny
Fri May 26, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Looking for advice/reassurance on what to do with $4-5m
Replies: 63
Views: 7492

Re: Looking for advice/reassurance on what to do with $4-5m

If you invest that 4-5 million in low cost stock and bond indexes, you can easily withdraw 3% a year from it for life. You don't have to work any more if you don't want to.