Search found 649 matches

by remomnyc
Tue Apr 16, 2019 5:39 pm
Forum: Personal Consumer Issues
Topic: Granny Cam
Replies: 8
Views: 1353

Re: Granny Cam

Thanks, Sandtrap. I forgot to search before I posted. I will check out the link.
by remomnyc
Tue Apr 16, 2019 5:26 pm
Forum: Personal Consumer Issues
Topic: Granny Cam
Replies: 8
Views: 1353

Granny Cam

Has anyone installed indoor security cameras to monitor their parents and parents' caretakers? If so, any recommendations? Ideally, it would be easy to install and use, with a clear picture, and any of their children could log-in to check on them.
by remomnyc
Sat Apr 13, 2019 5:00 pm
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8435

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

I only own ETFs at Schwab and I have found them to be annoying. I cannot use them to rebalance effectively because if I sell one, the shares “are not available to trade” for several days. I realize this may be unique to Schwab, but I’ve given up on them for future use. I use all-in-one-trade ticket...
by remomnyc
Wed Apr 10, 2019 6:29 am
Forum: Personal Consumer Issues
Topic: How Much Do You Pay For Haircut?
Replies: 115
Views: 6409

Re: How Much Do You Pay For Haircut?

I bought a kit, intending to do my kids' hair myself. I botched it so bad that I had to take my kid to the barber to fix. Now I let the barber do it. It was $10 when they were little, and now child is $12 and adult is $15. My kids go alone and give the barber $20 each, no change. My cut is $20, no w...
by remomnyc
Mon Apr 08, 2019 6:37 pm
Forum: Personal Consumer Issues
Topic: Trader Joe's Fans - good value?
Replies: 138
Views: 18396

Re: Trader Joe's Fans - good value?

Our grocery bills went up when TJ's moved into the neighborhood because we buy stuff we didn't used to buy because it tastes good or it's such a good value. Produce: cara oranges, cruciferous (medley of kale, brussel sprouts, red & green cabbage) Frozen: Tarte d'Alsace, soybeans, naan, chocolate lav...
by remomnyc
Wed Apr 03, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Part-time job for high school student
Replies: 23
Views: 767

Part-time job for high school student

My 16-year-old is looking for a part-time job. What companies or what kind of jobs hire high school students to work part-time?
by remomnyc
Sun Mar 31, 2019 8:47 am
Forum: Investing - Theory, News & General
Topic: Best Fidelity Money Market Account to Hold Cash?
Replies: 43
Views: 11847

Re: Best Fidelity Money Market Account to Hold Cash?

If you buy $100k FDZXX, do you have to maintain $100k? My sister does not want to lump sum into market, so I thought FDZXX would be a good place for $ to sit while she dollar cost averages into market.
by remomnyc
Wed Mar 27, 2019 3:37 pm
Forum: Personal Consumer Issues
Topic: How will you spend your retirement money?
Replies: 86
Views: 9680

Re: How will you spend your retirement money?

My retirement budget was predicated on continuing my pre-retirement lifestyle, so I am spending my money exactly the same as pre-retirement. We travel about 5 weeks a year. Not sure I'm interested in traveling more than that. I eat out once a week, which is enough. We can buy whatever we want, but o...
by remomnyc
Mon Mar 25, 2019 7:30 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 763
Views: 72222

Re: That's enough for me in 2019

I didn't read the 8 pages of posts. I have a handful of friends who got lucky and went to cash before the 2009 crash. I also have a handful of friends who got spooked and went to cash after the crash. The one thing these friends have in common is that they all missed the ride back up because none of...
by remomnyc
Fri Mar 22, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 240
Views: 35193

Re: How Much in Your Emergency Fund And Is It Used?

When I was working, I kept one year of expenses in savings to cover job loss. When I retired last year, I started using the savings to fund my monthly expenses. I haven't decided yet if I will replenish it when it goes below six months or down to zero.
by remomnyc
Sun Mar 17, 2019 6:43 pm
Forum: Investing - Theory, News & General
Topic: Reverse Glide Path
Replies: 26
Views: 3084

Re: Reverse Glide Path

I don't know of any fund that does this, but regardless, I like to control my allocation, so I would still stick with a 3-fund portfolio, which lets me place assets where they make sense tax-wise. I retired early with 45% fixed income and will move to 40% when I turn 65 and then start spending down ...
by remomnyc
Wed Mar 13, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: How many companies have you worked for?
Replies: 125
Views: 6417

Re: How many companies have you worked for?

6 between college graduation and retirement.
by remomnyc
Thu Mar 07, 2019 8:48 am
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 17731

Re: Lots of cash .. Scared to put it to work now

Geoffrey9 wrote:
Thu Mar 07, 2019 8:30 am
Things change. My sister is asking me to invest in some property with her. Btw nobody is telling you that you must reply to this post .
Think long and hard before you invest in property with anyone to whom you're not married...
by remomnyc
Thu Mar 07, 2019 8:36 am
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 17731

Re: Lots of cash .. Scared to put it to work now

Geoffrey9 wrote:
Thu Mar 07, 2019 8:31 am
Probably would need duration no longer than one year for that allocation , just in case... where could I squeeze the most out of ? Thx
Recommendation remains CDs or Treasuries for short-term cash needs.
by remomnyc
Thu Mar 07, 2019 8:34 am
Forum: Investing - Theory, News & General
Topic: Best account for early retirement funds
Replies: 11
Views: 1670

Re: Best account for early retirement funds

If you don't have a taxable account and you're maxing out your tax advantaged accounts, that's the one to open. In terms of what you should place there, check out the Boglehead wiki on tax efficiency. https://www.bogleheads.org/wiki/Tax-efficient_fund_placement In retirement (between 60 to 70-1/2), ...
by remomnyc
Thu Mar 07, 2019 8:11 am
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 17731

Re: Lots of cash .. Scared to put it to work now

Understandable. I’m not worried about my ability to follow through and stay the course once the decision is made by early next week... I have after all managed to spend a good part of the last 6 years living in China- go try that. What keeps my mind in overdrive is my AA given the 10 year bull run....
by remomnyc
Thu Mar 07, 2019 7:53 am
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 17731

Re: Lots of cash .. Scared to put it to work now

A handful of people with $ on the sidelines (accumulating and waiting for dips to buy, cashed out years ago expecting another crash that didn't come) have asked me how to get back in. I always tell them to figure out what ultimate asset allocation they want and put 50% into the market today and DCA ...
by remomnyc
Tue Mar 05, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Large One-Time Expenditures in Retirement
Replies: 24
Views: 2585

Re: Large One-Time Expenditures in Retirement

My withdrawal rate is reasonable enough that I can handle large one-time expenditures without jeopardizing my retirement. I have a fixed monthly amount that I pay myself, and when I need to withdraw more, I do. I did not budget for large one-time expenditures, but I can absorb them when they happen.
by remomnyc
Fri Mar 01, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 14765

Re: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?

Our housing cost is $60k (rent). If we were to buy a place (+$1.5M), we could half our housing cost to just taxes and maintenance but we'd lose a lot of liquidity and flexibility. Groceries are $12k. Add another $15k for utilities, transportation, and insurance, and we're at nearly $90k before taxes...
by remomnyc
Wed Feb 13, 2019 8:19 am
Forum: Personal Investments
Topic: Roth conversion independent of spousal IRA
Replies: 3
Views: 220

Roth conversion independent of spousal IRA

My husband has small IRA rollover and non-deductible IRAs. I'd like to convert them to Roth. Will the taxes due be based solely on his IRA balances (>50% is after tax contribution)? My IRAs dwarf his and would result in a lot more being taxable. (He cannot roll the rollover into his 401k.)
by remomnyc
Tue Feb 12, 2019 4:56 pm
Forum: Personal Investments
Topic: What kind of end balance makes you happy?
Replies: 27
Views: 2075

Re: What kind of end balance makes you happy?

Will be meeting with elder care attorney to go over how to pay for parents' long term care. The end balance that would make me happy is the one where our kids are not worrying about how to pay for our care. Legacy will likely happen but primary goal is to fund kids' education and not be a burden to ...
by remomnyc
Sun Feb 10, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Did you investigate your partner's financial background before committing?
Replies: 99
Views: 5794

Re: Did you investigate your partner's financial background before committing?

It shouldn't be necessary. My friend is not committing to her boyfriend because his credit cards are maxed out, and he spends until he runs out of money/credit. She didn't have to hire an investigator or ask him for a credit report to figure this out. If you're with your partner long enough, you sho...
by remomnyc
Sat Feb 09, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is $53 too much for life insurance for me and my wife?
Replies: 36
Views: 2618

Re: Is $53 too much for life insurance for me and my wife?

If you're both in prime health, then you could probably do better on premiums. We got our policies through selectquote.com. Like others, I wonder if you have enough term life and am concerned about the lack of disability insurance. We each bought a $1M, 20-yr term policy and based our coverage on th...
by remomnyc
Sat Feb 09, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 10910

Re: Money saving move you regret the most?

The washer/dryer in the apartment we bought didn't work properly. The dryer took hours to dry anything, but I didn't think we'd break even on the cost of new machines, so I used the machines in the basement. When we were getting ready to sell, our broker convinced us to replace our w/d because it's ...
by remomnyc
Thu Feb 07, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 97
Views: 10182

Re: When is leaving your job that pays well a good idea?

Leaving is a good idea when you have enough that you don't need another job or you have another job lined up that you think you may enjoy more, but beware. The next job could easily be worse. In my 40s, I found myself at the same place. I had a well paying 40-hr/wk job that I found soul crushing, so...
by remomnyc
Wed Feb 06, 2019 7:36 pm
Forum: Personal Consumer Issues
Topic: What Tech Gadget Would you Buy?
Replies: 85
Views: 5450

Re: What Tech Gadget Would you Buy?

Not a gadget, but we just bought a Spotify subscription. Having access to all my old music and exploring new music on every platform gives me so much pleasure.
by remomnyc
Wed Feb 06, 2019 6:57 pm
Forum: Personal Investments
Topic: Can I retire now?
Replies: 32
Views: 6432

Re: Can I retire now?

Financially, the answer is yes, assuming your wife's job is secure and she doesn't mind continuing to work. What is your backup plan if she is laid off or comes to hate her job (bad new boss, change in her duties, etc)? I would recommend looking for another job you may enjoy that is less stressful, ...
by remomnyc
Sun Feb 03, 2019 10:05 am
Forum: Personal Investments
Topic: Ally Bank's nightmarish online reviews -- should I be worried?
Replies: 97
Views: 9248

Re: Ally Bank's nightmarish online reviews -- should I be worried?

I can only speak to CDs at Ally. They were a breeze to open. Whenever rates changed, I was able to reach a customer service rep easily and the rep was always friendly, competent, and efficient. I would rate customer service a 10. Their 10-day rate guarantee is amazing. If the rate goes up during the...
by remomnyc
Thu Jan 31, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 25664

Re: Cost of college and 529

We targeted $250k per kid in 529 accounts. One is 2 yrs away; the other 4 yrs. We expect the kids to work during the summers for their fun money, but we want them to graduate without debt. We will cash flow costs in excess of $250k, but we will only pay top $ for top tier schools. Schools must be si...
by remomnyc
Tue Jan 29, 2019 8:33 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 291
Views: 25542

Re: What lifestyle creep made you happier?

-Definitely the cleaning lady -Buying e-books instead of carrying around heavy books from the library -High quality shoes, which meant no more breaking my feet in -Private tennis lessons for the kids when they were hating group classes and ready to quit -Good gear: Lowa hiking boots and Osprey backp...
by remomnyc
Tue Jan 22, 2019 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 177
Views: 16093

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Reading this thread makes me happy my parents have nothing to fight over. Here's another tale of what can go wrong. Father dies and leaves high 8 figures in trust for wife, to be distributed to children upon her death; however, there are no restrictions on how much she can spend from the trust durin...
by remomnyc
Tue Jan 22, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: Your Retirement W/D method and why?
Replies: 40
Views: 3811

Re: Your Retirement W/D method and why?

Retired last year with one year expenses in savings. Set up automatic monthly transfers from savings to checking. Plan to replenish to one-year expenses when reduced to 6 months by selling stocks in taxable and rebalancing in tax deferred. Dividends account for ~50% of expenses, so will probably be ...
by remomnyc
Mon Jan 21, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 138
Views: 6762

Re: Paying thousands per ticket to attend the NFL Super Bowl?

If I loved football and I could afford it, yes. Even though I personally wouldn't spend a penny on football tickets, I paid over $2k for 4 tickets to take my kids to see Hamilton, and it was totally worth it.
by remomnyc
Mon Jan 21, 2019 10:25 am
Forum: Personal Investments
Topic: Emergency Savings
Replies: 24
Views: 2154

Re: Emergency Savings

On-line accounts at Marcus.com or Allybank.com in savings or no penalty CDs.
by remomnyc
Sat Jan 19, 2019 3:30 pm
Forum: Investing - Theory, News & General
Topic: So when do you sell?
Replies: 27
Views: 2752

Re: So when do you sell?

I will need to sell from time to time, but if all goes well, there should be plenty left. I will start selling and distributing annually to children as soon as I feel comfortable that there will be plenty left. I want to see how they handle money before I leave them a windfall.
by remomnyc
Sun Jan 13, 2019 8:06 pm
Forum: Personal Investments
Topic: I know market timing is a fool's game but...
Replies: 59
Views: 4910

Re: I know market timing is a fool's game but...

Investing is simple, but it's not easy to implement. That's why having an IPS is important. The hardest thing for me to do is to do nothing, especially when there's volatility, but my IPS says only rebalance when I exceed my 5% bands. I retired in May and came close to hitting a rebalancing band in ...
by remomnyc
Sat Jan 12, 2019 6:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10846
Views: 1893157

Re: U.S. stocks in free fall

Does Schwab not have a button called "exchange"? They don't, but they have a trading function called "sell and buy another" that I think accomplishes the same thing. At Schwab, it's called All-In-One Trade Tricket. You can buy and sell simultaneously when the market is open, but you can't buy if yo...
by remomnyc
Wed Jan 09, 2019 3:54 pm
Forum: Personal Investments
Topic: Front loading vs. monthly contributions into a 529 account
Replies: 7
Views: 320

Re: Front loading vs. monthly contributions into a 529 account

We did not frontload because our state provides a $10k/yr tax deduction, so we contributed $10k/yr.
by remomnyc
Mon Jan 07, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 10175

Re: Are we at "Peak FI"?

Those who are FI typically LBYM, whether they have $1M or $10M in assets, so if one is FI, one is not overleveraged, because that would be the antithesis of being FI.
by remomnyc
Mon Jan 07, 2019 8:47 am
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 6213

Re: How do you view a savings surplus in retirement?

I retired with a surplus and briefly considered setting it aside for splurging. The only thing I could think of that I wanted was first class travel; however, I wouldn't want to start flying the kids first class and have them get accustomed to that as the standard, so I simply kept it in my portfoli...
by remomnyc
Sat Jan 05, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 113
Views: 18518

Re: Umbrella Policy: Right amount for $7 mil net worth?

OP, if you don't have a non-owner car policy, make sure you buy liability insurance whenever you rent. I don't own a car either, and my umbrella is void if I do not purchase liability insurance when I rent since I don't have auto insurance. My Chase Sapphire only covers collision and car damage. Whe...
by remomnyc
Sat Jan 05, 2019 3:06 pm
Forum: Personal Consumer Issues
Topic: Carryon for 7-day FL vacation?
Replies: 63
Views: 2750

Re: Carryon for 7-day FL vacation?

100% doable. Make sure your carry-on bag fits in overhead and then bring a backpack as your personal item to stow under your seat. Limit yourself to one pair of shoes besides the ones you're wearing since that's the bulkiest item. For Florida, I wear sneakers and bring flats and flip flops, which ta...
by remomnyc
Fri Jan 04, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: Retirees: any major goals for 2019?
Replies: 72
Views: 4562

Re: Retirees: any major goals for 2019?

I retired last year. Our kids are teenagers. I want to teach them to cook and manage their finances while they're around. I would also like to clean out my parents' house. I did a little cleanup this winter, but now my mom calls me every day looking for something she hadn't touched in 20 years (e.g....
by remomnyc
Tue Jan 01, 2019 9:40 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8563

Re: Your ideal home size

For a family of four: 3 br, 1.5 ba, 1400 sf. Once the kids are gone: 2 br, 1.5 ba, 1,000 sf,
by remomnyc
Sat Dec 29, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Father-in-law denied apartment for lack of income even though he has assets. What to do?
Replies: 77
Views: 7765

Re: Father-in-law denied apartment for lack of income even though he has assets. What to do?

I just ran into this situation when looking to move after I retired. Buildings that were subject to certain programs could not accept a year's rent in advance. They could accept a guarantor, including a corporate guarantor, such as insurent.com or theguarantors.com, which charge 5-10% of the rent. E...
by remomnyc
Mon Dec 24, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10846
Views: 1893157

Re: U.S. stocks in free fall

This is my first decline since I started decumulation this year. I'm surprised how much market movement it takes to trigger my 5% bands. I've TLH 4x since October and collected $65k in tax loss carry forwards, but I have not yet had to rebalance. I'm hoping I don't have to TLH again before the year...
by remomnyc
Mon Dec 24, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10846
Views: 1893157

Re: U.S. stocks in free fall

This is my first decline since I started decumulation this year. I'm surprised how much market movement it takes to trigger my 5% bands. I've TLH 4x since October and collected $65k in tax loss carry forwards, but I have not yet had to rebalance. I'm hoping I don't have to TLH again before the year ...
by remomnyc
Sun Dec 23, 2018 6:41 pm
Forum: Personal Investments
Topic: Fidelity Tax Loss Harvesting Partners
Replies: 5
Views: 437

Re: Fidelity Tax Loss Harvesting Partners

Figured it out. Thanks.