Search found 229 matches

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: 1323

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: 3
Views: 289

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: 743

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: 450

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: 503

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: 12
Views: 1367

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: 1323

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: 1323

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: 1323

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: 1043

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: 2692

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: 327

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: 5440

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: 18732

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: 10533

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: 10533

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: 128
Views: 10060

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: 3114

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: 1280

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: 393

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: 3012

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: 7121

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: 2870

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: 6451

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: 3559

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: 5760

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: 1890

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: 10231

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: 4720

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: 4607

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: 143
Views: 7958

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: 4634

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: 6227

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: 2907

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: 4083

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: 18211

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: 8893

Re: Do you use lifestrategy/ asset allocation funds?

Life Strategy Growth (80/20) in my 401k. Set and forget.
by remomnyc
Wed Mar 08, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: Seeking wisdom around saving, living, and housing.
Replies: 22
Views: 2046

Re: Seeking wisdom around saving, living, and housing.

Yes, max out all tax advantaged accounts. What you do with what's left is a matter of priorities. My sister and her husband bought a mcmansion and only go to vacation destinations where they can drive. We live in 1000 sf but travel the world 3-4x a year. What's important to you?
by remomnyc
Tue Mar 07, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 1907

Re: Need help picking term life policy

You might find it difficult and more expensive to find insurance for your wife before the birth of the child. We bought our 20-year term policies when I was in my 2nd trimester with my second child. $500/yr for $1M coverage. We used Selectquote.com, which gave us quotes from various companies. They...
by remomnyc
Tue Mar 07, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3623

Re: At what age did you drop life and disability insurance?

When we bought our 20-yr term life policies we had a mortgage and no college savings. 12 years later, the mortgage is gone and the college savings are basically done. Our investible assets are 4x what they were and we are essentially self-insured. I suggested cancelling the policies but because the ...
by remomnyc
Mon Mar 06, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 7375

Re: How much do you spend on food in a year?

Brace yourself. Family of 4. Groceries: $18k/yr (excludes alcohol) Delivery/Restaurants: $5k/yr ($40/wk for pizza/sushi and one nice outing/mo) Lunches for adults: $5k/yr (approx. $10/day pp) Make breakfast and lunch for kids. Cook dinner six nights/week. Most of the cost is fresh produce, meat and ...
by remomnyc
Mon Feb 27, 2017 4:46 pm
Forum: Personal Consumer Issues
Topic: Trip to Savannah GA
Replies: 33
Views: 2261

Re: Trip to Savannah GA

Read Midnight in the Garden of Good in Evil. It inspired my friends and me to visit Savannah. We basically visited the places mentioned in the book. Gorgeous and friendly place.
by remomnyc
Fri Feb 17, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: credit card usage / credit score
Replies: 17
Views: 1188

Re: credit card usage / credit score

After I increased my credit card limits so my usage never exceeds 10%, my credit score jumped.
by remomnyc
Wed Feb 15, 2017 2:09 pm
Forum: Personal Consumer Issues
Topic: How do you handle switching your handbag?
Replies: 62
Views: 3992

Re: How do you handle switching your handbag?

I have a work bag that I use every day and a travel bag (lighter and roomier but not professional looking). I only switch bags when I travel and I always forget something when I switch back and forth.
by remomnyc
Wed Feb 15, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 16375

Re: Why do you go to restaurants?

I eat out to be social, to eat things I don't cook at home, and to not cook. Before I had kids, I invited people for dinner regularly. Now, because of the grind of cooking for the family every day (breakfast, lunch & dinner) and the explosion of food restrictions among my friends (vegan, gluten-...
by remomnyc
Mon Feb 13, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Need quick advice: Pay full year's rent or large security deposit?
Replies: 47
Views: 2530

Re: Need quick advice: Pay full year's rent or large security deposit?

I would choose option B if landlord agrees that security deposit will be applied to rent starting in month 8 such that at maturity there will only one month security remaining available to be applied to damages.
by remomnyc
Sun Feb 12, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: How Much Cash Do You Actually Hold?
Replies: 110
Views: 11056

Re: How Much Cash Do You Actually Hold?

I've been hoarding cash in preparation of early retirement. Now holding 11% of my assets in cash (3 years current expenses or 5 years basic expenses) in case of a bad sequence of returns when I exit. The cash may be a drag on my returns, but it also allows be to sleep well while holding a higher sto...
by remomnyc
Fri Feb 10, 2017 1:01 pm
Forum: Personal Consumer Issues
Topic: Saved too much? What do you splurge on?
Replies: 90
Views: 9261

Re: Saved too much? What do you splurge on?

Take family (kids + grandkids) on vacations (Alaska cruise, Napa tour, the Mighty Five in Utah, Iceland tour, Galapagos Islands, etc).
by remomnyc
Tue Feb 07, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: Insights for Long Distance Grandparents
Replies: 23
Views: 1358

Re: Insights for Long Distance Grandparents

My in-laws live across the ocean. We Skype with them once a week. My mother-in-law offered help when the kids were born. She came and stayed with us for 2 weeks after we had used up our parental leave. My in-laws take us on vacation once a year. We have no issues traveling with the kids, but we have...
by remomnyc
Thu Jan 26, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Best CC for Travel
Replies: 82
Views: 7116

Re: Best CC for Travel

Can you earn cash back with the CSR card, or is it only a good deal if you redeem it for travel? We actually do travel a good amount, and I would assume that would continue, however I don't want to be "trapped" to only travel to redeem our points. Also, does the CSR site where we redeem u...

Go to advanced search