Search found 254 matches

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: 750

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: 5108

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: 11990

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: 5177

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: 3687

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: 252
Views: 18585

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: 1909

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: 8460

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: 6540

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: 4384

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: 6540

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: 2104

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: 8630

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: 3496

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: 7569

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: 1311

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: 10779

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: 7422

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: 3141

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: 9444

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: 2346

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: 2346

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: 5296

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: 21080

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: 1619

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: 874

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: 1019

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: 583

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: 671

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: 2009

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: 1619

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: 1619

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: 1619

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: 1262

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: 3157

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: 381

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: 6592

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: 180
Views: 20755

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: 12015

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: 12015

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: 141
Views: 15847

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: 3585

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: 1361

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: 477

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: 3495

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: 7740

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: 47
Views: 4316

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: 7042

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: 3942

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...

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