Search found 239 matches

by msj16
Fri Dec 08, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 73
Views: 11330

Re: Why am I still scared ? Is it actually normal ?

Great thread. Sometimes the closer you get to something, the farther away that it seems - like being close to finishing a marathon. I try to work on some other projects besides financial independence so that I don't forget to live along the way.
by msj16
Mon Dec 04, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11717

Re: FIRE [financial independence/retire early]

I will clarify for an American 4% is extremely safe. I'm sure many other less stable nations would require a much safer amount. I think the better wording than "is extremely safe" would be "historically was quite safe". The 4% study was a bit flawed in that success was reached by hitting $0 on the ...
by msj16
Sun Dec 03, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 29
Views: 3593

Re: Just downsized at age 60...input appreciated

I am sure that the advisor won't "guarantee" saving the nest egg from downturns. In reality you do better off over the long term by saving on the advisor's fees.
by msj16
Sat Dec 02, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring around 60 and the implications of high draws until 70?
Replies: 4
Views: 817

Re: Retiring around 60 and the implications of high draws until 70?

One might also take into account that people tend to spend more during the earlier stages of retirement but as they age, they spend less. So, even if don't maintain the same lifestyle after you take social security at 70, it may be okay. The unpredictable variable is heath care costs.
by msj16
Tue Nov 28, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation [in market crash]
Replies: 38
Views: 1887

Re: Asset Allocation [in market crash]

When a market crashes this badly, and we are only 5-10 years out from retirement, should we be leaving the allocation the way it is? Yes, but.....as you get nearer to retirement you should incrementally change your allocation to a more defensive posture. This is called a "glide path" by some - you ...
by msj16
Tue Nov 28, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Need Employment Lawyer asap - NY/NJ/PA
Replies: 6
Views: 708

Re: Need Employment Lawyer asap - NY/NJ/PA

The employer has an office in NJ but has a main office in another state. Friend works out of NJ but travels back to main office and other locations.
by msj16
Tue Nov 28, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Need Employment Lawyer asap - NY/NJ/PA
Replies: 6
Views: 708

Need Employment Lawyer asap - NY/NJ/PA

Hello Bogleheads, A good friend is having a big problem. He got a new boss who is pretty sociopathic (lies, manipulates etc...). This friend is trying to get another job but has a noncompete agreement. Otherwise, another company would like to hire him. He needs a lawyer to review the agreement and s...
by msj16
Wed Nov 15, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4472

Re: Regrets after reaching retirement?

Barefootgirl wrote:
Wed Nov 15, 2017 5:41 pm
I watch this from time to time:

https://youtu.be/qHnIJeE3LAI
Thank you for this link. Yes, we need to be mindful - that is not always regretting the past or worrying about the future. Of coure all of us have to do some planning but we shouldn't forget to live for now.
by msj16
Sun Nov 12, 2017 10:35 pm
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 117
Views: 7837

Re: Do you meditate?

Meditation is the gift that keeps on giving. I learned TM as a teen and found that in college it gave me great mental clarity.
by msj16
Wed Nov 08, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan questions
Replies: 20
Views: 1719

Re: 529 plan questions

Thank you for the clarification Spirit Rider. I may have overfunded the 529. Therefore to gift it to the next generation I just have to be careful about following the 529 rules (that year's gift tax limit times 5 as a lumpsum) to avoid any additional taxes or reporting requirements.
by msj16
Wed Nov 08, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan questions
Replies: 20
Views: 1719

Re: 529 plan questions

Thank you Rupert. I appreciate the explanation and the resource.
by msj16
Wed Nov 08, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: HSA w high medical expenses: Still worth it?
Replies: 18
Views: 1377

Re: HSA w high medical expenses: Still worth it?

Love to hear more about the excel formula - Did you estimate based on last year's medical expenses?
by msj16
Wed Nov 08, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan questions
Replies: 20
Views: 1719

Re: 529 plan questions

So Spirit Rider - does that mean Rupert is not correct about the generation-skipping transfer tax?
by msj16
Tue Nov 07, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: Fair Price for a Kitchen Remodel
Replies: 37
Views: 3617

Re: Fair Price for a Kitchen Remodel

I was quoted 30,000 just recently for a bathroom remodel which required a few minor changes. I did find a carpenter working for himself who was willing to do it for 20,000. The big firms have high mark-ups.
by msj16
Sun Nov 05, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 493
Views: 46819

Re: Picking College and College Scholarships

Perhaps this was said already but Mudd supposedly has one of the highest return on investments of any college in the U.S.
by msj16
Thu Nov 02, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: HSA calculator and choosing health plan
Replies: 6
Views: 842

Re: HSA calculator and choosing health plan

Thanks to everyone who responded. This information has been very helpful. So many unknowns still make the decision difficult but it gives me an appreciation for the value of the HSA.
by msj16
Tue Oct 31, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: HSA calculator and choosing health plan
Replies: 6
Views: 842

Re: HSA calculator and choosing health plan

I really appreciate the feedback. Here is the information: 1. HIgh Deductible Plan Premium: 3200 per year (plus 1200 contribution by employer to HSA) Deductible: 1500 individual/3000 Family In-network, 3000 individual/6000 family out-of-network Co-insurance: 80% in-network, 60% out-of-network Out of...
by msj16
Tue Oct 31, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: HSA calculator and choosing health plan
Replies: 6
Views: 842

HSA calculator and choosing health plan

Hello, I am trying to figure out whether to try a high-deductible health plan that includes an HSA for the first time. Does anyone know any calculators out there that can help with this? High deductible plan has a 3000 savings in premium, a 1200 employer contribution to the HSA but we have chronic i...
by msj16
Wed Oct 04, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Only bond fund in 401K is Pimco Total Return. Buy?
Replies: 15
Views: 756

Re: Only bond fund in 401K is Pimco Total Return. Buy?

Thank you retiredjg. I don't mind a bit of additional risk, especially because I have recently reduced my allocation to stocks as a whole so no matter what, it won't be as risky as the stock funds my money used to be in.

Excellent - thanks all. It is nice to make an informed choice.
by msj16
Wed Oct 04, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Only bond fund in 401K is Pimco Total Return. Buy?
Replies: 15
Views: 756

Re: Only bond fund in 401K is Pimco Total Return. Buy?

Thanks bloom2708 - I will see this fund as an appropriate choice. retiredjg - The old 401K definitely has a much lower cost bond fund (ER =.025% for Fidality Bond Fund FXNAX). The YTD is -.12 vs. 3.46 for Pimco Total return. I know it is performance chasing just to go for the most recent return so I...
by msj16
Wed Oct 04, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Only bond fund in 401K is Pimco Total Return. Buy?
Replies: 15
Views: 756

Re: Only bond fund in 401K is Pimco Total Return. Buy?

bloom2708- Thanks for your response. The expense ratio is .47%

mptfan - Thanks for the feedback. I am glad to know that it is well-diversified.
by msj16
Wed Oct 04, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Only bond fund in 401K is Pimco Total Return. Buy?
Replies: 15
Views: 756

Only bond fund in 401K is Pimco Total Return. Buy?

Hello, My new 401K fund only has one bond fund available: Pimco Total Return (yTD - 3.46 one year return - 2.13). Since it is an actively managed bond fund versus an index fund should I avoid it? I can add more bonds to my old 401K by selling stock and putting it into an index bond fund (which is no...
by msj16
Fri Sep 15, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Asset Allocation - 7 years to retirement
Replies: 10
Views: 1508

Re: Help With Asset Allocation - 7 years to retirement

My apologies for not responding sooner. Thank you everyone for your very helpful advice. I really like the idea of just smoothly decreasing the allocation over the 7 years since I can adjust the glide path as needed, depending on whether I might continue working. Thank you to everyone for giving me ...
by msj16
Wed Sep 13, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Asset Allocation - 7 years to retirement
Replies: 10
Views: 1508

Help With Asset Allocation - 7 years to retirement

I would appreciate some help with asset allocation. I am getting close (95% of way) to financial independence at age 52. I am not interested in retiring yet. I am able to withstand sharp drops in the market (did not sell in 2008). I want to retire in 7 years but I like my job and may even work part-...
by msj16
Sat Sep 09, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 2993

Re: Social Security bend points/early retirement estimates

Spirit Rider - your post is very helpful. I just went to the site and it is not obvious that you have to hit the estimate button again to state future earnings as zero. I did so and found out that stopping work next year only changes my estimate by one dollar!
by msj16
Tue Aug 22, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Who Do You Trust for Disability/Life Insurance
Replies: 10
Views: 1185

Re: Who Do You Trust for Disability/Life Insurance

I purchased a 30 year term life - most policies are twenty year. This takes me all the way to retirement.
by msj16
Sun Aug 20, 2017 10:43 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 14646

Re: I own no international stocks. Can you guess why?

wassabi wrote:
Sun Aug 20, 2017 4:31 pm
Dottie57 wrote:
Sun Aug 20, 2017 11:28 am
You've given it away to family.
:thumbsup
Good guess. To family or charity.
+3 You prefer giving away your wealth during your lifetime.
by msj16
Thu Aug 17, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 11392

Re: Anyone planning on never retiring?

I took a self-imposed break from my work this summer (self-employed) due to burn-out but find now that I miss work. I am happy to get back to it and realize that it offers a creative outlet for my skills. I realize that I am lucky to be able to control my hours. Victoria - please write a book about ...
by msj16
Fri Aug 11, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 4054

Re: Health Savings Account

Thanks to all for the great advice.
by msj16
Fri Aug 11, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 4054

Re: Health Savings Account

What about current medical expenses? Is there some guideline as to when that would negate the value of a HSA?
by msj16
Wed Aug 02, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card that lists running balance online
Replies: 17
Views: 1571

Re: Credit Card that lists running balance online

Thanks everyone for the advice. Ideally a running total with new transactions at the bottom is what I prefer but I am good now.
by msj16
Tue Aug 01, 2017 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card that lists running balance online
Replies: 17
Views: 1571

Re: Credit Card that lists running balance online

Thank you for the tip BolderBoy and sport.

NorCalDad - Sorry, I wasn't clear. Yes - Chase gives the balance but I am looking for the running balance after each transaction. I got used to it with my previous credit card.
by msj16
Tue Aug 01, 2017 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card that lists running balance online
Replies: 17
Views: 1571

Credit Card that lists running balance online

Hello, I would like to get a credit card with a running balance not just the final balance. My current card with Chase just lists transactions online and total balance without calculating a running balance along the way. I would love it if it had a simple cash-back reward as well. Thanks for your he...
by msj16
Sun Jun 04, 2017 10:37 pm
Forum: Personal Consumer Issues
Topic: Favorite Thriller Authors and Why
Replies: 54
Views: 9879

Re: Favorite Thriller Authors and Why

Ken Follet - Eye of the Needle.

Classic spy thriller
by msj16
Fri Jun 02, 2017 7:01 pm
Forum: Investing - Theory, News & General
Topic: Milestone and not peeking. . .
Replies: 66
Views: 9070

Re: Milestone and not peeking. . .

Congratulations. I seem to recall you paying off your mortgage about the same time as I paid off mine. We are now coasting faster toward our retirement goals (with hopefully continued good fortunate).

Best of Luck.
msj16
by msj16
Tue May 30, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 73
Views: 10838

Re: Go part time number

I am enjoying this thread. I was part-time years ago to be there for family, went to full-time and am going back to part-time. The reason is that some things are now or never - such as being there for kids before they go to college, working on passion projects, spending time on healthy activities to...
by msj16
Fri May 26, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401K 5500 IRS form quick question
Replies: 11
Views: 759

Re: Solo 401K 5500 IRS form quick question

Thanks Livesoft for the info.

Thanks IngognitoUSA - ERISA Stone is not recommending the 5500-SF but instead the EZ as it is slightly less complicated. I am a solo practitioner without employees so I believe that either works.
by msj16
Fri May 26, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401K 5500 IRS form quick question
Replies: 11
Views: 759

Re: Solo 401K 5500 IRS form quick question

Livesoft - Did you also file using the cash basis method once the December 31st balance reached 250000 (not counting pending contributions by April)? If most people typically use that method, I feel more comfortable waiting to file next year. By ERISA Stone's post, it seems that this method is quite...
by msj16
Fri May 26, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401K 5500 IRS form quick question
Replies: 11
Views: 759

Re: Solo 401K 5500 IRS form quick question

Thank you very much Artful Dodger and ERISA Stone I will do a paper EZ Based on what ERISA Stone has suggested. My business accountant is refusing to do the form - saying that it needs a specialist! I am not terribly comfortable completing tax forms. If anyone knows of a business who would do it for...
by msj16
Fri May 26, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K 5500 IRS form quick question
Replies: 11
Views: 759

Re: Solo 401K 5500 IRS form quick question

Thank you ERISA Stone,I am very grateful for your help! I will remember to use the same method each year.

If anyone else had any problems with this method (IRS contacting you/penalties), I would appreciate hearing about it.
msj16
by msj16
Fri May 26, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K 5500 IRS form quick question
Replies: 11
Views: 759

Solo 401K 5500 IRS form quick question

Hello, I have a Solo 401K with Vanguard. IRS requires 5500 form when plan assets exceed 250000 by December 31st. I have 2 questions: (a) My assets did not exceed 250000 by December 31st (based on end of year statement from Vanguard), but my accountant (who has never filed the form and doesn't really...
by msj16
Fri May 13, 2016 7:38 am
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads invest their 529s?
Replies: 28
Views: 2712

Re: How do Bogleheads invest their 529s?

My child luckily has over 100,000 in growth after principle in the 529 plan. We aggressively front loaded money in when he was young. I based investing on using a college calculator, estimating 5% return from stocks. Now we are letting the stock allocation glide down, but it remains in an aggressive...
by msj16
Tue May 03, 2016 5:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard says app glitch led to inflated balances shown on Apple devices
Replies: 2
Views: 790

Re: Vanguard says app glitch led to inflated balances shown on Apple devices

I don't find this terribly amusing. Maybe I am being too harsh but whoever is reponsible should pay a fine. We can't expect the everyday consumer to be wise enough to realize that this is a glitch. Someone might make a financial decision at that point getting them into some trouble. Software is supp...
by msj16
Mon Apr 04, 2016 9:28 pm
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 33
Views: 3939

Re: Author Advice - Advantages/Disadvantages of Co-author

Thank you Kazper for responding, but this is an old post, with a recent update. I wrote the book myself with no co-author and just submitted the manuscript. This book is for a lay audience. Time will tell if it will sell!
by msj16
Mon Apr 04, 2016 10:12 am
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 33
Views: 3939

Re: Author Advice - Advantages/Disadvantages of Co-author

Thank you very much miebuf. I chose to write the book in my area of expertise. Thankfully now the book is another credential for me which will attract clients to my business and establish me further as an expert in my local area. Thank you WhiteCoat Investor. Congratulations as well on your book's s...
by msj16
Sun Apr 03, 2016 11:30 pm
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 33
Views: 3939

Re: Author Advice - Advantages/Disadvantages of Co-author

UPDATE: Thank you LiveSimple for asking about an update (and Juper Jones). Having been through the process, I can say that Mel Lindauer's advice was truly wise! I just submitted the manuscipt for publication on March the 20th and it is now in the copyediting stage. It was a fun, creative, challengin...
by msj16
Thu Feb 04, 2016 10:21 pm
Forum: Investing - Theory, News & General
Topic: Make your retirement money last
Replies: 46
Views: 12524

Re: Make your retirement money last

Thank you Jane Bryant Quinn for making me appreciate personal finance. You led me to the Bogleheads as well. Your book is in the library in my den, and remains a symbol of a smart choice that I made for myself. msj16 p.s. I suggest you partner with PBS as another famous author has done. I am about t...
by msj16
Sun Jun 14, 2015 4:08 pm
Forum: Personal Consumer Issues
Topic: Good hotels and restaurants in Vienna, Salzburg
Replies: 9
Views: 1171

Re: Good hotels and restaurants in Vienna, Salzburg

We have now booked at the Hyatt in Vienna. Now just figuring out Salzburg. Thanks!
by msj16
Sun Jun 14, 2015 10:29 am
Forum: Personal Consumer Issues
Topic: Good hotels and restaurants in Vienna, Salzburg
Replies: 9
Views: 1171

Re: Good hotels and restaurants in Vienna, Salzburg

Thanks for the advice. What a great idea to stay in the historic district. I will do that. I am fine with spending a lot (500 or so per night). Does anyone know of a hotel that has two double beds or does that not exist. Even suites seem to have a king and only a rollaway. Thank you for the restaura...