Search found 335 matches

by remomnyc
Wed Nov 22, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 136
Views: 7235

Re: Help DW gets fired, but then next day her boss offers her job back

I would offer to return at a 25% increase to be paid on a hourly basis for a 4-day work week, the net effect being same salary for fewer hours. This way, if they try to overwork her in the four days she's there, they will be paying her for those over-time hours. I would concurrently start a job sear...
by remomnyc
Tue Nov 21, 2017 4:59 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 5446

Re: How much do you budget for vacation?

We have a household budget that includes room for discretionary purchases. To the extent that vacation costs exceed our household budget, we draw from our emergency fund/cash reserve, which covers lumpy, large purchases, such as vacation or summer camp.
by remomnyc
Tue Nov 21, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: At what age to drop term life insurance?
Replies: 21
Views: 4434

Re: At what age to drop term life insurance?

Greenie, I would let your wife decide. We have 8 years left on our term insurance. The premium on my $1M policy is $500/year, and my husband decided the price is so low he wants to keep it to maturity even though we no longer need it.
by remomnyc
Tue Nov 21, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Time for my checkup - **Warning - long post**
Replies: 16
Views: 1672

Re: Time for my checkup - **Warning - long post**

1. Both of you need minimum 20-year term life policies. At your age, if you’re in decent health, it should be about $500/year for $1M coverage. At minimum, you need enough for the survivor to pay off mortgage, fund college, and pay for child care (which includes someone to drive the kids around when...
by remomnyc
Mon Nov 20, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 56
Views: 6731

Re: Concerned parent :(

For college, open 529 accounts, but if and only if you are fully funding your retirement accounts, including Roth accounts if eligible. You and they can borrow for college, but you can't borrow for your retirement. For the 529, see if you get a tax break from your state. See the wiki about 529 plans.
by remomnyc
Mon Nov 20, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 119
Views: 6969

Re: What are the things you want to do between 55 and 65?

I want to engage with my children before they leave home. Right now, after work, I'm so busy shopping, cooking, cleaning, that I don't sit down until it's time for them to go to bed. Our relationship is mostly be telling them what to do and being constantly stressed. I also want to get back in shape...
by remomnyc
Mon Nov 20, 2017 3:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: NYC Chapter Meeting 11/21/17
Replies: 0
Views: 105

NYC Chapter Meeting 11/21/17

I just noticed that there is a NYC chapter meeting 6:30 pm, Tuesday, November 21st at the Sony Atrium on 550 Madison Avenue. It was embedded in the "New York City Local Chapter Established" thread, so I wasn't sure if all the locals were aware.
by remomnyc
Mon Nov 20, 2017 3:12 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 33
Views: 5335

Re: Roll Call for the Retirement Class of 2018!

Miriam, put me down for March 9th. With the end in sight, each day is excruciatingly long.
by remomnyc
Sun Nov 19, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Why I am not happy even with OK Net Asset
Replies: 38
Views: 3607

Re: Why I am not happy even with OK Net Asset

At 30 I had negative net worth (student loan debt), but I had a close group of friends I saw regularly and a job enjoyed with people I enjoyed working with, plus I was phenomenally fit. I had no money and never worried about it, and I could hardly have been happier. Fast forward 20 years with more m...
by remomnyc
Fri Nov 17, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8222

Re: Has used furniture dropped in value dramatically?

On the subject of furniture losing its value... has anyone tried to sell a piano lately? --vtMaps :( It seems as though I am offered a free piano nearly every year. Kids move out, parents downsize, and the piano needs to go. The other thing that is often given away is barely used exercise equipment...
by remomnyc
Fri Nov 17, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: Suggestions for 1st week vacation in 2018?
Replies: 21
Views: 1262

Re: Suggestions for 1st week vacation in 2018?

Grand Cayman is lovely but very expensive once you land. I haven't been to Columbia, but my sister raved about it and said she couldn't believe how inexpensive everything was. If it doesn't have to be in the Caribbean, I love the Canary Islands.
by remomnyc
Wed Nov 15, 2017 3:03 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5518

Re: Tipping in living wage state. Redux.

I don't consider $15/hr a living wage. I tend to tip 15%+. Assuming average service, for a $15 lunch, I'll tip $5. For a $150 dinner, I'm likely to tip 15%, but I try to avoid the fancy meals. I find it harder to enjoy a $150 meal than a $10 one.
by remomnyc
Wed Nov 15, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: When is the best time to buy...........
Replies: 4
Views: 628

Re: When is the best time to buy...........

Agree tis the season for electronics. Unless we need to replace earlier, we try to wait until the Black Friday-Xmas period. Make sure you use a credit card with a price protection in case the price drops. Chase Sapphire provides a price match up to 90 days up to $500 per item up to $2500/yr.
by remomnyc
Fri Nov 10, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Any red flags all stocks no bonds...
Replies: 64
Views: 2684

Re: Any red flags all stocks no bonds...

I think 82k in 100% stocks is okay, assuming you have either a very secure job and/or a substantial emergency fund if you are the sole breadwinner of a family of 4. If the amounts were larger, I would have issues being 100% stocks.
by remomnyc
Thu Nov 09, 2017 3:24 pm
Forum: Investing - Theory, News & General
Topic: When is a good time to rebalance?
Replies: 30
Views: 2279

Re: When is a good time to rebalance?

My IPS says at 6% shift, rebalance.
by remomnyc
Tue Nov 07, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: sell bonds to pay off boat?
Replies: 12
Views: 600

Re: sell bonds to pay off boat?

clydewolf wrote:
Tue Nov 07, 2017 10:06 am
Definition of a Boat: A hole in the water where you keep throwing in more money.

I'd sell the boat.
+1
I consider convincing my husband not to buy a boat one of our best financial decisions.
by remomnyc
Mon Nov 06, 2017 4:34 pm
Forum: Personal Consumer Issues
Topic: Considering a LG 55" OLED TV
Replies: 44
Views: 3734

Re: Considering a LG 55" OLED TV

Thanks William104..... for the link. I had Best Buy match the price, and purchased the LG Oled 55". I think the 1549.00 price is as good as it will get for awhile. Now just waiting for todays delivery That is an amazing price for an amazing TV. We got ours this spring when our a big black ripply st...
by remomnyc
Mon Nov 06, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing For "Early Retirement" In A Couple of Years
Replies: 77
Views: 7455

Re: Preparing For "Early Retirement" In A Couple of Years

You've done a great job amassing such a large fortune at such a young age. It gives you opportunities, but I would not recommend calling it a day. - Travel. Do you have enough to retire and travel the world? No. Do you have enough to take a sabbatical and travel the world? Yes. - Own Business. If yo...
by remomnyc
Fri Nov 03, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: Is it difficult to switch from an iPhone to an Android?
Replies: 97
Views: 7177

Re: Is it difficult to switch from an iPhone to an Android?

I don't know if it's difficult to switch, but I have an Android and my husband as an iPhone. When our son started high school, we gave him the choice of my Samsung S4 or his iPhone 6. Son has used both. Our son chose the android. I upgraded to the Moto G5 Plus and I love it. My husband wants to swit...
by remomnyc
Wed Nov 01, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9419

Re: I'm fairly young but done with saving money

You've done a great job. I would switch to a less stressful job that allows you to continue saving 15-20% of your income and reassess when you reach $2 Mio.
by remomnyc
Tue Oct 31, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49701

Re: Retirement Account Stolen by Identity theft

Is there an equivalent elsewhere to The Haggler from the New York Times. The Haggler retired in June, but other media outlets may have a similar consumer advocate. That would be a great place to report your father's story and apply pressure to Transamerica to do right by him.
by remomnyc
Tue Oct 31, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need an EF [Emergency Fund]
Replies: 29
Views: 2003

Re: Do I need an EF

OP, no one said you have to pay the minimum on your student debt. Keep your EF. Max out your 401k. Throw the rest at your student loan or open a non-deductible IRA that you convert to a ROTH before you throw the rest at your student loan.
by remomnyc
Mon Oct 30, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2496

Re: New baby and considering going to one income

Make sure you have at least 12 months emergency fund if you become the sole breadwinner. Don't forget to good term insurance coverage for each of you and long term disability for the breadwinner. Staying at home is a very personal decision, but considerations would be contributions to social securit...
by remomnyc
Sun Oct 29, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 15120

Re: What was the main reason you retired?

I plan to retire next year. Until the great recession of 2008, I intended to work until 67, but my work environment changed dramatically and now I dread each day (#4 & #8). When I hit my number (#1), I realized that my portfolio earns more than I do (#2). I may work again when I quit this job that I...
by remomnyc
Sun Oct 29, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: Megabus from New York City to Washington DC
Replies: 23
Views: 1546

Re: Megabus from New York City to Washington DC

I took Megabus and Bolt each once, but they are too far from the exit to the Lincoln Tunnel, so time was an issue. I usually take Amtrak ($89 if you reserve in advance). When I need to go to DC more last minute and Amtrak is too expensive, I take Peter Pan/Greyhound because they have a terminal in P...
by remomnyc
Fri Oct 27, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Question regarding 401(k) catch-up contributions and employer match
Replies: 29
Views: 1512

Re: Question regarding 401(k) catch-up contributions and employer match

OP, on our plan on-line there was only one place to choose a % of $ amount for 401k contributions; however, when I turned 50, another line "magically" appeared for my catchup contribution. YMMV.
by remomnyc
Thu Oct 26, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review: considering switching from Target Date to 3-fund for tax purposes
Replies: 7
Views: 796

Re: Portfolio review: considering switching from Target Date to 3-fund for tax purposes

I would sell target 2050 and move to 3-fund by swapping as follows, assuming you can buy VTSAX and VBTLX and VTIAX in your Roth and IRA accounts. You end up 10% bond, 61.1% stock and 28.5% international. I assume you want to keep the 90% stock 10% bond makeup of the target 2050 fund. Existing Share ...
by remomnyc
Thu Oct 26, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: My fear about buying a house justified?
Replies: 72
Views: 6127

Re: My fear about buying a house justified?

Continue to rent your one bedroom and offer to pay for a hotel for close family/friends to visit. It would be cheaper than buying or renting a 2-bedroom if you don't need the space except for guests.
by remomnyc
Wed Oct 25, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Innovis and ChexSystems freeze confirmation letters
Replies: 52
Views: 7084

Re: Innovis and ChexSystems freeze confirmation letters

I applied for a freeze at ChexSystems about two weeks ago and got my PIN yesterday.
by remomnyc
Sat Oct 21, 2017 3:42 pm
Forum: Investing - Theory, News & General
Topic: When one reaches the 1 million mark what to do with all the money?
Replies: 33
Views: 6296

Re: When one reaches the 1 million mark what to do with all the money?

Guard what you can't afford to lose. Make sure you lock the barn BEFORE the horse gets out. 1. Stay the course. If you are retiring within 5 years, revisit your asset allocation and move more into fixed income. 2. Freeze your credit at all the agencies and Chex Systems. 3. Use long, unique passwords...
by remomnyc
Fri Oct 20, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house in retirement - what funds to use?
Replies: 20
Views: 1663

Re: Buying a house in retirement - what funds to use?

You can get an asset depletion loan when you no longer have income, so you would sell your Cleveland home and use the $250k as your downpayment in SD and take out an asset depletion loan for the rest. I think the rule of thumb is they will let you borrow up to 1/3 of your assets. I know Wells Fargo ...
by remomnyc
Fri Oct 20, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 164
Views: 14949

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Yes. I hired a financial planner when we hit our first $1M to look at the big picture (portfolio, insurance, taxes, retirement planning, etc). It was fee only. 10 years later and ready to RE, I hired one again to review the portfolio, tax efficiency, withdrawal strategy, and estate planning. Again, ...
by remomnyc
Tue Oct 17, 2017 3:21 pm
Forum: Personal Consumer Issues
Topic: What do you buy in Asian food stores?
Replies: 86
Views: 5701

Re: What do you buy in Asian food stores?

- Condiments: Yamasa brand soy sauce, rice vinegar, fish sauce, and sesame oil - Staples: kimchee, miso paste, gochujang paste and flakes, dashi - Meat: LA style short ribs or flanken, sliced pork shoulder, pork belly - Produce: Asian pears, bean sprouts, Kirby cucumbers, and whatever looks good whe...
by remomnyc
Sun Oct 15, 2017 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Why not CDs instead of Short Term Bonds or TIPS
Replies: 24
Views: 3206

Re: Why not CDs instead of Short Term Bonds or TIPS

I say yes to CDs for my short-term cash needs. Money i need in within 5 yrs is in cd-ladders, both in taxable and in brokered CDs in my 401k. The rest of my fixed income is in VG total bond fund. This way, I don't need to sell my bond fund when it is down if interest rates are rising.
by remomnyc
Thu Oct 12, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Need help investing $1M in today's market
Replies: 24
Views: 3886

Re: Need help investing $1M in today's market

I would set aside the down payment you need for your smaller home in an Ally 11-mo no penalty CD. Then, I would exchange the $85k total stock in your 401k for total bond and purchase $85k total stock in your taxable. I would dollar cost average the remaining funds over 12 months to meet your AA. Con...
by remomnyc
Thu Oct 12, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6490

Re: Best Career Advice for those over "50"

In the finance industry, ageism is very real. After the great recession, I noticed that many who were laid off in their 40s and 50s never regained entry, or if they did, rarely at their former compensation levels. Some turned down subpar offers early to find that after 6 to 12 months, there were no ...
by remomnyc
Thu Oct 12, 2017 11:55 am
Forum: Investing - Theory, News & General
Topic: Rebalancing - Personal Philosophies
Replies: 43
Views: 3718

Re: Rebalancing - Personal Philosophies

Until recently, I rebalanced with new money. When I got close to FIRE, I started selling to move to a more conservative allocation. I sold a big chunk during the dip in 2016 and again this summer to get to 60/40. My new rule is to rebalance when I hit 6% bands. You locked in a loss during the dip? ...
by remomnyc
Wed Oct 11, 2017 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: admiral shares or investor shares?
Replies: 24
Views: 3028

Re: admiral shares or investor shares?

I would stick with the TF until you have significant amounts in taxable and deferred to purchase admiral shares in a tax efficient manner.
by remomnyc
Wed Oct 11, 2017 9:10 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing - Personal Philosophies
Replies: 43
Views: 3718

Re: Rebalancing - Personal Philosophies

Until recently, I rebalanced with new money. When I got close to FIRE, I started selling to move to a more conservative allocation. I sold a big chunk during the dip in 2016 and again this summer to get to 60/40. My new rule is to rebalance when I hit 6% bands. You locked in a loss during the dip? ...
by remomnyc
Wed Oct 11, 2017 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Circumstances in which a freeze needs to be lifted
Replies: 34
Views: 2595

Re: Circumstances in which a freeze needs to be lifted

I did in fact notify all three credit agencies when I moved. I'm not sure if I had to, but it was on my to do list along with post office, electric, cable, etc. Do you happen to remember by what means/process you contacted them? No, but I'm sure I chose the easiest method, i.e., if I was able to do...
by remomnyc
Wed Oct 11, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Are we taking too much risk with Bonds in our AA?
Replies: 25
Views: 2144

Re: Are we taking too much risk with Bonds in our AA?

In my 401k, I have a 5-year CD ladder with the rest of my fixed income in BND. In the short term, I think stocks are riskier than bonds and bonds are riskier than CDs.
by remomnyc
Sun Oct 08, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Circumstances in which a freeze needs to be lifted
Replies: 34
Views: 2595

Re: Circumstances in which a freeze needs to be lifted

My credit has been frozen for over a decade. During that time, we sold our home and moved into a rental. So I get that you had to unfreeze your credit for this, but did you--or did you have to--go through some type of formal process contacting each credit bureau you had freezes with to let them kno...
by remomnyc
Sun Oct 08, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing - Personal Philosophies
Replies: 43
Views: 3718

Re: Rebalancing - Personal Philosophies

Until recently, I rebalanced with new money. When I got close to FIRE, I started selling to move to a more conservative allocation. I sold a big chunk during the dip in 2016 and again this summer to get to 60/40. My new rule is to rebalance when I hit 6% bands.
by remomnyc
Fri Oct 06, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Circumstances in which a freeze needs to be lifted
Replies: 34
Views: 2595

Re: Circumstances in which a freeze needs to be lifted

I froze my credit a few years ago. I haven't had to unfreeze except for when I bought a new cell phone and changed carriers. Have you moved to a new address at all during that time period? My credit has been frozen for over a decade. During that time, we sold our home and moved into a rental. We ha...
by remomnyc
Wed Oct 04, 2017 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Are you investing in Emerging Market small caps?
Replies: 25
Views: 1773

Re: Are you investing in Emerging Market small caps?

I have some leftover DFCEX (DF emerging markets core equity portfolio) that I haven't sold due to capital gains. I would've sold it otherwise. I have moved what I could to a 3-fund portfolio with the international exposure in Vanguard international stock (either VXUS or VTIAX).
by remomnyc
Wed Oct 04, 2017 9:47 am
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 5818

Re: Does anyone hold cash?

I hold one year of expenses in cash. Taxable account is 100% stocks. Deferred is brokered CDs and bonds with the leftover stock allocation that didn't fit in taxable. Overall allocation between taxable and deferred is 60/40, excluding cash.
by remomnyc
Tue Oct 03, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: Glide up or glide down before retirement?
Replies: 7
Views: 1366

Re: Glide up or glide down before retirement?

I was 80/20 a couple years ago. When I realized that I was close to FIRE, I ratcheted down to 70/30 last year and just completed my glide down to 60/40, including a nice heaping helping of brokered CDs in tax deferred space, to protect against sequence of return risk. I have nearly 20 yrs until I cl...
by remomnyc
Mon Oct 02, 2017 1:33 pm
Forum: Investing - Theory, News & General
Topic: So... What bond fund or bond-like instrument do you use?
Replies: 47
Views: 4390

Re: So... What bond fund or bond-like instrument do you use?

TIAA Traditional in 403b, VBTLX (Vanguard total bond admiral shares) in IRAs, BND (Vanguard total bond ETF) and brokered CDs (currently Ally and Wells Fargo) in 401k, and Ally 11-mo no-penalty CDs and 5-yr CD in taxable accounts for $$$ that could be used within next 5 years. Boring is good.
by remomnyc
Fri Sep 29, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Boglehead Investing Simplicity Leading to Simplifying Life?
Replies: 21
Views: 2164

Re: Boglehead Investing Simplicity Leading to Simplifying Life?

I tried to simplify our investment portfolio in advance of ER and to enable my husband to manage it if I not around, but I could only consolidate it to a certain extent because the capital gains would have been exorbitant. At least everything is in low cost funds and properly placed for tax efficien...
by remomnyc
Thu Sep 28, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11779

Re: The Rolex and The Boglehead

I would put a Rolex in the category of jewelry/art. I would never compare it to a Casio or index fund investments. It is something that may have some functionality (telling time), but it is really just something that gives the user pleasure. I refused to accept an engagement ring, and I don't care f...