Search found 277 matches

by remomnyc
Fri Sep 08, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 602
Views: 33357

Re: Equifax says info stolen. What's my best course of action?

Sticky.

Equifax is offering free identity theft protection and credit monitoring. If I my credit reports are frozen, do I need to enroll in this?
by remomnyc
Tue Aug 22, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Adjusting AA as retirement nears
Replies: 64
Views: 6656

Re: Adjusting AA as retirement nears

I plan to retire next year. I went from 80/20 to 60/40 over the last two years. Have about 12 to 15 yrs expenses (depending on spending and taxes) in fixed income, of which 4 years is in cash or CDs. Budget also has a 20% cushion (overseas vacations, charitable giving, gifting) if things get tight. ...
by remomnyc
Sat Aug 19, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: Kitchen knife set. Good quality - Recommendations
Replies: 55
Views: 4382

Re: Kitchen knife set. Good quality - Recommendations

Another vote for the Wusthoff Grand Prix II.
by remomnyc
Sat Aug 19, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: NYC real estate question
Replies: 17
Views: 1726

Re: NYC real estate question

With a $3500 rent, it will never make sense for you to buy. This home is not an investment. Since it's estate condition, you can really make it your own. You can afford this home. Even if you have children, you can stay in this home with two kids until they start to hate each other. If the value of ...
by remomnyc
Sat Aug 19, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of Converting Taxable Stock Fund to Bond Fund for Retirement
Replies: 8
Views: 762

Re: Timing of Converting Taxable Stock Fund to Bond Fund for Retirement

I also plan to retire in 2018. For tax efficiency and to avoid RMDs forcing me into higher tax brackets, I have all my bonds in tax deferred. I will be selling stock from taxable until I can access my tax deferred. I will use my tax deferred to rebalance. I would not sell in taxable and incur gains ...
by remomnyc
Sat Aug 19, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: 3-year check-in with questions
Replies: 10
Views: 1437

Re: 3-year check-in with questions

Greater of one year of expenses or 25% house downpayment in 11-month no penalty CD at Ally (1.5%). If eligible, contribute whatever you can to backdoor Roth each year. Whatever can't go into a Roth, use to open a taxable account invested in total stock and total international. I would avoid bonds, i...
by remomnyc
Thu Aug 17, 2017 8:39 pm
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 109
Views: 8793

Re: Non-fiction bucket list

Path to Power series and The Power Broker by Robert A. Caro
Sea Biscuit and Unbroken by Laura Hillenbrand
Truman by David McCullough
Angela's Ashes by Frank McCourt
Into Thin Air by Jon Krakauer
Freakanomics by Steven Levitt
Outliers by Malcolm Gladwell
by remomnyc
Tue Aug 15, 2017 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5821

Re: Plan for making child pay for part of college

Our current plan is to pay 100% for top tier (as determined by us) or our state schools (including room and board if more than 1 hour away). For anything else, we will pay up to the equivalent state costs and kids have to make up the difference with scholarships or loans. Any left over money in thei...
by remomnyc
Mon Aug 14, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: What percent credit utilization is best?
Replies: 18
Views: 2033

Re: What percent credit utilization is best?

When my credit dipped below 800, I was told it was due to high credit utilization (up to 30% certain months). I googled and determined that usage below 10% was desirable for highest credit ratings. I called my credit card company and had my limit increased so that my max utilization would always be ...
by remomnyc
Mon Aug 14, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3373

Re: Public vs Private Elementary

My default is public unless there is a safety issue or your child has issues that would benefit from smaller class size and more individualized attention. My kids in public are way ahead of their peers in the top privates because public education here is top notch, but that is not true everywhere. F...
by remomnyc
Mon Aug 14, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Do you manage your asset allocation like a Target Fund?
Replies: 20
Views: 1498

Re: Do you manage your asset allocation like a Target Fund?

A target fund gets more conservative over time. I went from 80/20 during accumulation to 60/40 overall (55/45 for retirement funds) at early retirement (scheduled for next year) and will be spending fixed income, resulting in a glide path toward a higher equity allocation as I age.
by remomnyc
Mon Aug 14, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 6932

Re: How does personal wealth affect job hunting?

I would add F) Enjoy the people with whom you work (with whom, if you work full time, you spend more waking hours than your family and friends). Although my job meets A through D in spades, the failure of E) and F) are driving me toward early retirement. I will probably work again, but only doing so...
by remomnyc
Sun Aug 13, 2017 9:29 pm
Forum: Investing - Theory, News & General
Topic: It's easy to have an investment plan until you get punched in the face
Replies: 53
Views: 6812

Re: It's easy to have an investment plan until you get punched in the face

If you have an appropriate allocation (specific to your need, willingness, and ability to take risk), you should be able to sustain a punch in the face and get up and stand put. Through my accumulation phase, I was 80/20. I didn't flinch when the market swooned because I had decades of work ahead of...
by remomnyc
Sun Aug 13, 2017 9:16 pm
Forum: Personal Consumer Issues
Topic: Best place (with warm weather) to raise children
Replies: 107
Views: 17321

Re: Best place (with warm weather) to raise children

I'm so sad to hear that. Where exactly in DC are you? There might be areas in DC more suitable for your family. Have you looked at Arlington or Alexandria in VA or Takoma Park or Chevy Chase in MD or Cleveland Park in DC?
by remomnyc
Fri Aug 11, 2017 1:23 pm
Forum: Personal Consumer Issues
Topic: Do not buy new cellphones on ebay
Replies: 54
Views: 6146

Re: Do not buy new cellphones on ebay

Another vote for Moto G5 Plus.
by remomnyc
Wed Aug 02, 2017 1:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 21
Views: 3095

Re: Roll Call for the Retirement Class of 2018!

I was planning on joining the class of 2017, but medical issues have made me postpone to 2018. Will not miss the work or the people, but I will miss the fabulous health insurance.
by remomnyc
Wed Aug 02, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: What do you do when you need access to money in an investment account?
Replies: 33
Views: 2979

Re: What do you do when you need access to money in an investment account?

Sell whatever asset class is out of balance. Within that asset class, sell whatever has the least gains (if in high tax bracket) or with most gains (if in low tax bracket). Rebalance in tax deferred to achieve target asset allocation.
by remomnyc
Tue Aug 01, 2017 3:14 pm
Forum: Investing - Theory, News & General
Topic: Has the "bond bubble" caused you to change your allocation?
Replies: 90
Views: 9517

Re: Has the "bond bubble" caused you to change your allocation?

No, but sequence of return risk has made me increase my fixed income allocation and change part of my bond allocation to a CD ladder.
by remomnyc
Tue Aug 01, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 42
Views: 5802

Re: Vanguard Money Market vs. Savings Accounts

We keep our savings (for lumpy expenses) at GS Bank 1.2%. We keep our short term cash needs (house downpayment) in Ally 11-mo no penalty cds (1.4%) and 5-yr Ally cds (2.25%) with a 5-mo penalty for early withdrawal.
by remomnyc
Tue Aug 01, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: "the top 1 percent of families had $1.08 million or more saved in 2013."
Replies: 26
Views: 4047

Re: "the top 1 percent of families had $1.08 million or more saved in 2013."

Makes sense given that to be in the top 1% in 2013, you need HHI of $389,436. On that income, one should be able to save $1.08M. I met you there are a lot who have saved way more. Hmmm.....3 times my income but I've saved twice that amount. Does that make me a 1%er or a peon? That makes you a Bogle...
by remomnyc
Tue Aug 01, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Register for Social Security Site for Children?
Replies: 4
Views: 404

Re: Register for Social Security Site for Children?

You can and should freeze your children's credit reports.
by remomnyc
Tue Aug 01, 2017 11:30 am
Forum: Investing - Theory, News & General
Topic: "the top 1 percent of families had $1.08 million or more saved in 2013."
Replies: 26
Views: 4047

Re: "the top 1 percent of families had $1.08 million or more saved in 2013."

Makes sense given that to be in the top 1% in 2013, you need HHI of $389,436. On that income, one should be able to save $1.08M. I met you there are a lot who have saved way more.
by remomnyc
Tue Aug 01, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Do I Have Enough In My Emergency Fund?
Replies: 22
Views: 2913

Re: Do I Have Enough In My Emergency Fund?

I would put another 6 mos in an Ally 11-mo no penalty CD (pays 1.4%) to give yourself 1-yr of coverage. At your age and seniority leverage, finding a new job could take more than 6 mos, especially if it is during an economic downturn, and health insurance coverage in the interim could be a big nut.
by remomnyc
Mon Jul 24, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Windfall - CD's or Bonds or follow AA question
Replies: 20
Views: 860

Re: Investing Windfall - CD's or Bonds or follow AA question

If you have both taxable and deferred accounts, I would manage them together as one allocation (70/30?) and keep brokered CDs (if you deferred accounts allow this purchase) and bonds in the deferred accounts and stocks in the taxable accounts. I would only keep CDs/bonds in taxable if they are your ...
by remomnyc
Wed Jul 05, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: What are your health insurance stats?
Replies: 89
Views: 5535

Re: What are your health insurance stats?

For a family (individual deductible and OOP Max are 1/2 of family plan)
Network/Non-Network
Premium: $0
Deductible: n/a / $6,000
Co-Insurance: n/a / 80%/20%
OOP Max: $6,000 / $15,000
Co-pay: $20 office & $40 specialist / subj to deductibles and co-insurance
Geography: NY, NY
by remomnyc
Wed Jun 28, 2017 3:13 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 12955

Re: How did you handle the costs of your child's wedding?

We paid for ours and neither parents offered anything. As a gift, my parents gave us $500 (more than they could afford) and my husband's parents gave us $6,000 (which was basically 1/2 the cost), but we didn't know the money was coming. We will do the same. We expect our kids to plan and pay for the...
by remomnyc
Sun Jun 18, 2017 7:06 pm
Forum: Investing - Theory, News & General
Topic: Best Financial Advice from Dad (in honor of father's day)
Replies: 78
Views: 5707

Re: Best Financial Advice from Dad (in honor of father's day)

Dad used to say "time is money". I didn't understand when I was growing up since I had unlimited time and my time was not worth much. He didn't give me any financial advice, which is a good thing, since this is a man who kept a box of credit cards under his bed.
by remomnyc
Wed Jun 14, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a 25% pay cut for more professional satisfaction?
Replies: 57
Views: 4007

Re: Would you take a 25% pay cut for more professional satisfaction?

I've discovered that a good deal of my job satisfaction comes from working with people I respect and enjoy and having a boss who appreciates me. Early in my career I took a pay cut from $50k to $35k and moved from a MCOL to VHCOL city to improve my work environment. No regrets. My husband makes cons...
by remomnyc
Tue Jun 06, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 265
Views: 23084

Re: KF's Worst Case Retirement Plan [KlangFool's]

The best time to find a job is while you have one. If you think a layoff may be imminent, start looking. If you find yourself unemployed, another work option may be as tech temp, which will defray your withdrawal rate and also introduce you to other companies. They will welcome your experience. Once...
by remomnyc
Fri Jun 02, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: Favorite Biographies and Memoirs
Replies: 33
Views: 2184

Re: Favorite Biographies and Memoirs

Not a fan of biographies or non-fiction, but found these to be pageturners: Truman by David McCullough Path to Power series by Robert A. Caro about Lyndon Johnson Robert Moses by Robert A. Caro The Boys in the Boat by Daniel James Brown Born to Run by Christopher McDougall Sea Biscuit by Laura Hille...
by remomnyc
Fri Jun 02, 2017 7:06 pm
Forum: Investing - Theory, News & General
Topic: Murphy's Law Of Retirement
Replies: 56
Views: 8967

Re: Murphy's Law Of Retirement

Guilty. The bull market has hastened my retirement plans. As bligh suggested, to counter the sequence of returns risk, I have been allocating from 80/20 to 60/40. I have enough fixed income to comfortably survive a 10-year stock market crash and decline. I also have a lot of wants in my budget that ...
by remomnyc
Thu Jun 01, 2017 6:12 pm
Forum: Personal Consumer Issues
Topic: Cell phone service abroad
Replies: 79
Views: 7049

Re: Cell phone service abroad

I have friends that have TMo and that is handy. But if you only travel internationally a couple weeks out of the year, to have a provider based on that doesn't make sense to me. The rest of the service (network coverage, price, unlocked phone, unlimited phone & text, more than sufficient data, ...
by remomnyc
Thu Jun 01, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Please critique my attorney's suggestions..
Replies: 28
Views: 4621

Re: Please critique my attorney's suggestions..

Not sure if this works for you, but this is what we did when the kids were born. We each inherit 100% of the other's assets. If we are both deceased, a springing trust for the benefit of our children is formed and all assets are contributed to it. Our beneficiaries for our retirement accounts are al...
by remomnyc
Thu Jun 01, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: Cell phone service abroad
Replies: 79
Views: 7049

Re: Cell phone service abroad

I chose my T-Mobile service plan specifically because it has international coverage. Texts are free and I've never paid roaming charges abroad. Whatsapp works great and I always log into the wireless in hotels. The only extra charge when I'm abroad is voice calls, which are 20 cents/min. The phone h...
by remomnyc
Sat May 27, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Third-party travel insurance, anyone?
Replies: 34
Views: 2297

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: 74
Views: 9057

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: 3739

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: 8150

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: 8
Views: 1451

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: 11582

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: 7700

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: 3293

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: 9865

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: 2428

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: 2428

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: 5439

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: 21911

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: 1680

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: 934

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.