Search found 242 matches

by remomnyc
Sat May 27, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Third-party travel insurance, anyone?
Replies: 13
Views: 558

Re: Third-party travel insurance, anyone?

I used tripinsurancestore.com, which gives quotes from various carriers, and selected global insurance for my last remote trip to cover medical evacuation. Subsequently, I got a Chase Sapphire Reserve card and discovered that their benefits made additional travel insurance unnecessary.
by remomnyc
Thu May 25, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 59
Views: 5322

Re: When does Saving become missing out on life?

We made a plan and figured out how much we needed to save to achieve our plan and gave ourselves permission to spend the rest. If we get unbudgeted money, we spend 10% and invest the rest according to our plan.
by remomnyc
Thu May 25, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Do you keep extra money available for investing
Replies: 37
Views: 3142

Re: Do you keep extra money available for investing

We keep enough cash in 1.0% savings accounts to make a 20% deposit if we ever find another place to buy. If stocks go on sale before we find a place to buy, we will be using it to invest.
by remomnyc
Thu May 25, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 6696

Re: 100% VTSAX need advice

I don't know how secure your job is, but 100% VTSAX is unnecessary risk. As others have mentioned, market downturns and job losses often go hand-in-hand. How about 80% VSTAX and 20% VTIAX to start and add 5% VBTLX each year? You can stop buying VBTLX when it's 30% of your portfolio or you may want t...
by remomnyc
Thu May 25, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: House Down Payment vs Retirement
Replies: 6
Views: 805

Re: House Down Payment vs Retirement

Max out your Roth each year you can, especially if it's the only tax deferred retirement option open to you. That tax deferred space goes away and you can't get it back. Nothing wrong with renting. In many markets, it makes financial sense, and as IMO pointed out, renting gives you flexibility and m...
by remomnyc
Thu May 18, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals... [real estate investments]
Replies: 82
Views: 9899

Re: Question for you high net worth individuals...

We sold our apt and the gains represent 10% of our net worth. In other words, 90% of our NW is a result of saving, investing in index funds and staying the course. I view my home as a place to live, not an investment, and I have no interest in investing in real estate unless it's a REIT fund.
by remomnyc
Fri May 12, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Planning impact your job performance?
Replies: 68
Views: 6928

Re: Does Retirement Planning impact your job performance?

Absolutely. I spend more time on BH and Google News than doing actual work. We had some layoffs recently, and I was so jealous. I am burned out and unmotivated and do nothing beyond what is required. Everyone knows I want to quit, but they all think I'm too young. Hope to pull the trigger at the end...
by remomnyc
Fri May 05, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Fairness in College Savings
Replies: 47
Views: 2900

Re: Fairness in College Savings

We don't have unlimited funds, so we are only savings for our kids. We told them they will get a fixed sum for education. Any amounts left over can be withdrawn when they are 30 if they have completed their education and are gainfully employed, or we can hold and retitle for their future children. T...
by remomnyc
Fri May 05, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: have you accepted a lower cost lifestyle to retire early?
Replies: 71
Views: 8753

Re: have you accepted a lower cost lifestyle to retire early?

Yes, we live in less home than we can afford so I can retire at 51 instead of 65.
by remomnyc
Mon May 01, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2160

Re: Umbrela Insurance is it worth?

You should have umbrellla to protect your assets. Even if you don't have any assets, you can be found liable. And you can be found liable for more than the value of your assets. We also don't own a car. We rent 5-10 days/year. ... The caveat is that you need to get liability whenever you rent a car...
by remomnyc
Sun Apr 30, 2017 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2160

Re: Umbrela Insurance is it worth?

You should have umbrellla to protect your assets. We also don't own a car. We rent 5-10 days/year. We found two options when we shopped for umbrella. Metlife homeowners + umbrella. The caveat is that you need to get liability whenever you rent a car, which could be $10-$20/day for the umbrella cover...
by remomnyc
Tue Apr 25, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 4994

Re: New job and offer - recruiter sent a wrong $$

One strategy is to reply that you are very interested in the job but the salary does not meet your expectations. +1. Maybe they can offer a signing bonus or a sixth month review with raise or guarantee a first year bonus to sweet the deal if they can't increase the salary. Also, I agree with the ot...
by remomnyc
Mon Apr 24, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19775

Re: Any regrets living a frugal life for high income/high networth individuals?

I feel a twinge of envy when I walk into some of my friends' homes with their sweeping views of the Hudson River or Central Park, but I know that they will also work at least a decade or more than I will and I get over it.
by remomnyc
Sat Apr 22, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from 10 to 2 funds - capital gains?
Replies: 12
Views: 1523

Re: Moving from 10 to 2 funds - capital gains?

Tyler Aspect: Why shouldn't I sell total bond to hold in tax deferred? The gain is 2k. Given your handle, do you live in NYC? If so, you do want to get Total Bond Market out of your taxable account, as the state tax makes it expensive to keep there. You could hold it in an IRA. Alternatively, you m...
by remomnyc
Sat Apr 22, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: Location ideas for month-long sabbatical abroad
Replies: 9
Views: 791

Re: Location ideas for month-long sabbatical abroad

Barcelona, Spain. Incredibly cheap. Great food. Lots to do. You can rent a house for a pittance.
by remomnyc
Sat Apr 22, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Torn on whether to close 3rd oldest credit card
Replies: 12
Views: 938

Re: Torn on whether to close 3rd oldest credit card

Personally, I would close any card I don't use. There is a small temporary ding, but it is quickly overcome with good credit use. If you keep cards you don't use, the credit availability could count against you in the future for having too much available credit. Simplify. Get rid of stuff you don't ...
by remomnyc
Sat Apr 22, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for parents needed.
Replies: 4
Views: 550

Re: Advice for parents needed.

If his pension and her SS cover their expenses, there is no point in purchasing an annuity. Inherited IRA is 70k and cash is 200k, or 270k total. Given that they are risk averse, I would do 50/50 or 40/60. Assume 50/50 (135k stocks/135k bonds).I would fill the IRA with 70k total bond. Then I would u...
by remomnyc
Fri Apr 21, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: To refinance(two strategies). Please advise.
Replies: 11
Views: 610

Re: To refinance(two strategies). Please advise.

How likely are you to stay there 15 or 30 years? If this is your forever home and your income is secure, you can do the 15-year. If you move after 5 years, you won't have saved that much interest. As the sole breadwinner, I would recommend the 30-year, lower payments, and flexibility in case of job ...
by remomnyc
Fri Apr 21, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Rent versus Buy in NYC
Replies: 14
Views: 1882

Re: Rent versus Buy in NYC

Use the NYTimes rent vs buy calculator. https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=2&abt=0002&abg=0 At current prices in NYC, it makes no sense to buy. Especially coming from somewhere else, I would recommend renting for a year to get to know the neighborhood...
by remomnyc
Fri Apr 21, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from 10 to 2 funds - capital gains?
Replies: 12
Views: 1523

Re: Moving from 10 to 2 funds - capital gains?

Tyler Aspect: Why shouldn't I sell total bond to hold in tax deferred? The gain is 2k. - Do not foresee any time when we will be below the 15% capital gains tax rate. - Dividends are not reinvested. - I checked the holdings by tax lot and they all have gains, but I will check them again when/if ther...
by remomnyc
Fri Apr 21, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Moving from 10 to 2 funds - capital gains?
Replies: 12
Views: 1523

Re: Moving from 10 to 2 funds - capital gains?

dbr, I was hoping to simplify so my husband could easily manage the account, so the cost of holding is maintaining a more complex account. Our capital gains are taxed at 15%. If there is no magic trick to reducing capital gains, I could hold and sell the extraneous funds when I retire, so I only inc...
by remomnyc
Fri Apr 21, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Moving from 10 to 2 funds - capital gains?
Replies: 12
Views: 1523

Moving from 10 to 2 funds - capital gains?

I want to implement Taylor’s 3-fund portfolio. I am placing all my bond allocation in tax deferred and filling the remaining space with total stock. That makes the target for taxable 35% total stock and 65% total international. Currently, I have 10 funds in my taxable account. (Don’t judge.) Total s...
by remomnyc
Thu Apr 20, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Max out 401K OR Pay off Federal Student Loan
Replies: 11
Views: 1186

Re: Max out 401K OR Pay off Federal Student Loan

Same: 401k, Roth (if eligible), then student loan. Don't forget that the tax deferred space disappears each year, so you need to fill it each year you have the chance.
by remomnyc
Thu Apr 20, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 2927

Re: Dedicating your bonus to something

The bonus is not part of my budget, but when I get it, I splurge on something. This year the splurge was Hamilton tickets. Then, 10% goes to charity and the rest is invested in taxable for early retirement.
by remomnyc
Thu Apr 20, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Decision on Reallocating Kids 529s
Replies: 2
Views: 356

Re: Decision on Reallocating Kids 529s

We have our 529s in a Vanguard aggressive age-based portfolio, which we are comfortable with. Below is the sequence.
ages 11-15: 50% stock/50% bond
ages 16-18: 25% stock/75% bond
ages 19+: 75% bonds/25% short-term reserves
by remomnyc
Wed Apr 19, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: What kind of stuff would you never DIY, assuming you could?
Replies: 75
Views: 6087

Re: What kind of stuff would you never DIY, assuming you could?

- $125k of my FI budget is to have a cleaning lady forever. - I don't paint anymore. I did it when I was young and poor, and you could tell it was DIY. I love smooth, seamless walls. - I have a bad back, so I don't shovel, rake, or move heavy things. My motto is outsource if someone can do it better...
by remomnyc
Mon Apr 17, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 178
Views: 19516

Re: More advice for BigLaw Survivor, please?

BigLaw, I hope to follow your example soon. I have been lining up my ducks to retire early, and one of my big fears was being able to get a mortgage without an income. (We are currently renting.) My banker at Wells Fargo ("WF") told me to quit whenever. WF provides an asset depletion loan ...
by remomnyc
Sat Apr 15, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11356

Re: My kids don't care about saving

...And, please don't threaten to disinherit them because they aren't saving enough! To me, that comes across as totally disrespectful and I am guessing it will to them as well. You have every right to leave your money to whomever you want, but please don't try to use the threat of disinheritance to...
by remomnyc
Sat Apr 15, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11356

Re: My kids don't care about saving

Instead of just giving cash at Christmas, offer to match 50 cents for each dollar they contribute to their 401k or Roth IRA up to $3k they save. So your contribution at year-end would be $1.5k max. Make sure they know there will be no inheritance (even if there will be).
by remomnyc
Fri Apr 14, 2017 9:24 pm
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 134
Views: 13259

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Waitlist, please!
by remomnyc
Fri Apr 14, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 30
Views: 3330

Re: 529/son got accepted to medical school whahoooo!

Ours kids' 529 accounts are in Vanguard aggressive age-based portfolios. From age 11 to 15, they are 50% stocks/50% bonds. From age 16 to 18, they are 25% stocks/75% bonds. At age 19, they go to 75% bonds and 25% short-term reserves. I would be uncomfortable with a large stock allocation during the ...
by remomnyc
Thu Apr 13, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 75k vacation fund
Replies: 10
Views: 1326

Re: What to do with 75k vacation fund

Our housing fund is invested 33% savings (earning 1%), 67% taxable (30% VTI and 70% VWIUX - Vanguard Interm Tax Exempt) because it was painful earning 1% on it all. (We have been looking for three years.) The portion in savings is enough for a 20% deposit and the rest is budgeted to reduce the mortg...
by remomnyc
Thu Apr 13, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Where Do I Find a Financial Advisor?
Replies: 4
Views: 432

Re: Where Do I Find a Financial Advisor?

Try Garrett Planning Network. Fee only.
by remomnyc
Wed Apr 12, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: 20yr fixed, 30yr fixed, or 7/1 ARM
Replies: 48
Views: 3238

Re: 20yr fixed, 30yr fixed, or 7/1 ARM

Unless your job is very secure or you are very liquid, I always advise to take the 30-year and smaller required monthly payments. You can always pay faster, but in case of job loss or other financial squeeze, having the flexibility of the lower payment is a nice cushion. I just priced rates today an...
by remomnyc
Wed Apr 12, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: leaving early from work
Replies: 57
Views: 7377

Re: leaving early from work

Sometimes there is someone at the daycare that wouldn't mind staying later/coming earlier for extra pay if your workplace is not flexible.
by remomnyc
Wed Apr 12, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Helping parents/grandparents while raising kids
Replies: 42
Views: 3066

Re: Helping parents/grandparents while raising kids

Determine your ability and willingness to help and put it in your budget. My parents have been a part of my budget for 30 years and counting. I have a sibling who can't afford to help much financially, but who visits regularly and does repairs, maintenance, errands (doctor's visits, etc) and paperwo...
by remomnyc
Tue Apr 04, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 6705

Re: Got my second comma -- what is this anticlimactic feeling?

Congrats. My best guess on why it may be anticlimactic is that maybe it’s not a huge difference versus the last time you checked. It is a big achievement, and you will be stunned how the commas multiply.
by remomnyc
Tue Apr 04, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Switching Jobs for less...Has anyone done this....
Replies: 46
Views: 3757

Re: Switching Jobs for less...Has anyone done this....

I was so stressed at my first job out of college that my gums were bleeding. I quit and my gums stopped bleeding a week later. I took a new job paying 30% less, which I really enjoyed. I quit 3 years later because I earned enough to cover my expenses but not to save and invest. The other two times I...
by remomnyc
Mon Apr 03, 2017 3:46 pm
Forum: Investing - Theory, News & General
Topic: I don't want to retire until another bear market
Replies: 40
Views: 5982

Re: I don't want to retire until another bear market

and I also want to be able to buy a house on a discount...... Am I thinking straight? ... Even without waiting for a beat marker delaying retirement a year can greatly boost your retirement finances because; 1) Your investments will grow another year. 2) You will have one less year of retirement to...
by remomnyc
Mon Apr 03, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Best investments for risk-averse retiree
Replies: 31
Views: 2039

Re: Best investments for risk-averse retiree

I would put 25% in VTSAX and the rest into a CD ladder. Without some stock exposure, her money won't outpace inflation.
by remomnyc
Sat Apr 01, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 10864

Re: Saving 50% of salary; what does it really mean?

Savings 50% of salary usually means you earn a good salary and LBYM and/or you have very low expenses (e.g., paid off home in LCOL area). We rent in a VHCOL area. Our savings rate is so high because I prioritized early retirement. My colleagues, who all make significantly more than I do, save nothin...
by remomnyc
Fri Mar 31, 2017 6:21 pm
Forum: Investing - Theory, News & General
Topic: anyone factor in future inheritance?
Replies: 78
Views: 4903

Re: anyone factor in future inheritance?

I assume I won't have to support my parents beyond their 100th birthdays, so that's the inheritance (reduced expenses) I count on in my planning. We hope my husband's parents live large and long and leave nothing, so we assume no inheritance from them although they have not touched their assets sinc...
by remomnyc
Fri Mar 31, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: Is Craigslist still the main site to sell stuff locally?
Replies: 51
Views: 4832

Re: Is Craigslist still the main site to sell stuff locally?

I buy and sell on Craigslist. If it's priced right (you can check the asking prices on other identical/similar items), it will sell with very little hassle. Most things I have sold have sold same day. (I sold a 5-yr old stroller that had been through 2 kids for $75 (originally $175)and had multiple ...
by remomnyc
Thu Mar 30, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 165
Views: 11038

Re: When do you plan to die?

I use 95 in all my projections, but I hope to die before I am demented and incontinent and can no longer walk, see, or enjoy food. Living long without health is no life. Current plan is to purchase QLACs at 65 that start paying at 85 so I can start distributing cash instead of hoarding it for longev...
by remomnyc
Fri Mar 17, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 57
Views: 4816

Re: Advice: Overextending by buying? How much house to buy?

I consider the value of your employer assistance as max $150k, assuming you stay 9 years, given that the balance is loans, albeit at very favorable rates. The $150k is $16.7k/year, which after taxes is less than $10k/yr , which I don't consider life changing when you're talking about $2-3M homes. Th...
by remomnyc
Fri Mar 17, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Endless Job Interviews (with same company)
Replies: 61
Views: 6383

Re: Endless Job Interviews (with same company)

I had endless interviews over many months before I finally got an offer. I found out afterward that the company wanted me early on but had decided I was overqualified for the position and was seeking approval to hire me at higher level. The endless interviews were to keep me engaged while they were ...
by remomnyc
Thu Mar 16, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you save for large purchases?
Replies: 42
Views: 2988

Re: Where do you save for large purchases?

Our house fund is currently 34% in savings accounts, and 66% taxable (of which 70% is in intermediate munis and 30% is stock). (If you're wondering how the percentages were allocated, the amount in savings is sufficient for a 20% deposit.) We are on year 3 of our house hunt. The first 1-1/2 years th...
by remomnyc
Mon Mar 13, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: How Do You Share Expenses?
Replies: 52
Views: 4171

Re: How Do You Share Expenses?

Another vote for doing what worked in 2013 when she was the owner.
by remomnyc
Mon Mar 13, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 218
Views: 18858

Re: gratuitous homeownership items

Gratuitous: - Swimming pool: Not only is it expensive (or time consuming if you do it on your own) to maintain, it is also a huge liability. - Jacuzzi tub: Used once in 12 years (the week we moved in for the novelty factor). - Fireplace: A fire is charming but not a source of heat and a pain to clea...
by remomnyc
Fri Mar 10, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Do you use lifestrategy/ asset allocation funds?
Replies: 61
Views: 9206

Re: Do you use lifestrategy/ asset allocation funds?

Life Strategy Growth (80/20) in my 401k. Set and forget.

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