Search found 587 matches

by remomnyc
Thu Nov 08, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14573

Re: How much money are you leaving your kids after you die?

My kids know I support my parents and that I paid my way through school. I have told them we will pay for their education and pay for our own care so they won't have to support us in our old age. That's all they're expecting; however, we will leave them whatever is left. If Firecalc is to be believe...
by remomnyc
Wed Nov 07, 2018 8:28 pm
Forum: Personal Consumer Issues
Topic: College graduation gift amount
Replies: 25
Views: 1778

Re: College graduation gift amount

I give $100 to $200 to other people's children for graduation. I plan to pay for my children's education. Once they get a job, I will probably help them with a security deposit on an apartment or a downpayment on a car, but I doubt they will get a gift for graduating other than the gift of being deb...
by remomnyc
Fri Nov 02, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11012

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

As someone upstream on this thread said, it is more advantageous to live where you can save the most $. We could not have achieved our current net worth in a LCOL. That net worth buys us freedom and choice. If we had wanted to move from our VHCOL to a LCOL, we would have been financially independent...
by remomnyc
Fri Nov 02, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: When do YOU pull the trigger for TLH? [Tax Loss Harvesting]
Replies: 48
Views: 3103

Re: When do YOU pull the trigger for TLH? [Tax Loss Harvesting]

Rarely, if ever, do I recommend TLH. If you think about it, all you’re doing is reducing your basis. So you’re really just kicking the can down the road, because when you sell that asset in the future, you’ll have a higher gain, and wind up paying back all that money that you thought you saved. The...
by remomnyc
Tue Oct 30, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend's Student Loans
Replies: 101
Views: 9266

Re: Girlfriend's Student Loans

A lot can happen in one to two years of engagement. I would not pay off her loans; however, I would live together and cover living costs so she can maximize her loan repayment. Without living costs, she should be able to make a sizable dent in her loan. I'm not concerned by the size of her debt sinc...
by remomnyc
Tue Oct 30, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: Anyone else feel giddy every time VXUS gets creamed? [Vanguard Total International]
Replies: 69
Views: 6230

Re: Anyone else feel giddy every time VXUS gets creamed? [Vanguard Total International]

Nah, but I have taken the opportunity to TLH from VXUS to VEU to IXUS and will cycle back to VXUS next month. Whenever I feel doubts about holding international, I go look at the Callan periodic table of returns to remind myself why I want to be diversified.
by remomnyc
Sun Oct 28, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: The Case for Renting
Replies: 31
Views: 3649

Re: The Case for Renting

Prices appear to be falling due to the limited deduction on interest and real estate taxes and increasing interest rates. I don't think that prices will get away from you if you continue to rent and save. You need to save at least enough for a 20-25% downpayment with a minimum of one year in expense...
by remomnyc
Sun Oct 28, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard thinks I have a wash sale. Do I?
Replies: 36
Views: 3322

Re: Vanguard thinks I have a wash sale. Do I?

I think there is a bigger question here. Let's step back and get some perspective. Why so much hopping around in the first place? Market timing? Trying to tease out differences in various indexes? At first look, it seems like OP is making life needlessly complex. I made a similar set of transaction...
by remomnyc
Sat Oct 27, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Where to park money?
Replies: 8
Views: 652

Re: Where to park money?

If this money is to cover funding needs due to income variability, I would increase your emergency fund. If your EF is sufficient, invest according to your AA.
by remomnyc
Thu Oct 25, 2018 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 88
Views: 12348

Re: For those waiting for a 'correction' ...

Waiting for a Real Estate "correction" as well. :shock: Same here. Hoping when people realize they can't deduct most of their real estate taxes and new buyers can afford less due to higher interest rates, housing prices will decline and those of us who don't need much of a mortgage will be able to ...
by remomnyc
Thu Oct 25, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7649

Re: Reaction to Market

I check the market for TLH opportunities. Until last week, I hadn't had any since 2016. I TLH'd last week and again yesterday. No need to rebalance because I am still within my bands. I was excited to TLH since I am living off my assets now and happy to bank some tax loss carry forwards to use again...
by remomnyc
Sun Oct 21, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Quitting w/o notice
Replies: 132
Views: 8657

Re: Quitting w/o notice

I would give two weeks notice and spend the two weeks going to the doctor and taking any PTO you have. If they don't ask you to leave sooner, it should be a relaxing two weeks since you're not going to start anything new and you will hand off or wind down anything you're working on.
by remomnyc
Sun Oct 21, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Question on reallocating stocks to bonds
Replies: 5
Views: 623

Re: Question on reallocating stocks to bonds

Very basic question here but as you near retirement and you start to change your stock vs bond % should that be done timing wise when the market is at or near a high point? This may seem like a dumb question but wondering if I am missing something. If the market is down 20-25% and you sell off stoc...
by remomnyc
Sat Oct 20, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Waiving contingencies for co-op purchase?
Replies: 16
Views: 993

Re: Waiving contingencies for co-op purchase?

It is not uncommon to waive inspection of a co-op when one is intending to do a gut renovation; otherwise, I would not waive. I would only waive financing if I could get an appraisal done and a commitment prior to putting down my earnest money. I would offer a cash premium with a financing and inspe...
by remomnyc
Wed Oct 17, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 96
Views: 11303

Re: What do you consider 'enough'?

Ah, salary during accumulation. IMO, enough is when net after tax can support 50/50 saving and spending.
by remomnyc
Wed Oct 17, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Calculating 2018 Tax Liability
Replies: 25
Views: 2810

Re: Calculating 2018 Tax Liability

I tried the mortgage calculator and the HR Block calculator. The mortgage calculator says I will owe $2k. HR Block says I will get $7k back, but asked me for dividends and interest but did not let me enter the amounts nor my tax loss carry forward. Given how significant dividends and interest are, I...
by remomnyc
Wed Oct 17, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 96
Views: 11303

Re: What do you consider 'enough'?

When I first planned for my retirement at 65, the goal was 25x expected expenses. When the Great Recession happened, I started turbo charging my savings (out of fear of a layoff) at the same time the market started taking off. As a result, I reached 25x expenses a lot sooner than expected, but at a ...
by remomnyc
Wed Oct 17, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6600

Re: Did you retire because you hit your number?

Yes. I had disliked my job for a number of years, but I couldn't find one a better one in terms of hours, benefits and pay, so I sucked it up until I hit my number.
by remomnyc
Tue Oct 16, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 135
Views: 17367

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

I used the tool and was surprised by a strip of red broke. I played with the variables and realized it was taxes. I entered my taxes as 24% and that produced the strip of red. When I reduced my taxes to 15%, the strip disappeared. Given that my expenses include taxes, the rate should have no impact....
by remomnyc
Tue Oct 16, 2018 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: International Fund Down - What to do?
Replies: 36
Views: 2380

Re: International Fund Down - What to do?

ruralavalon wrote:
Tue Oct 16, 2018 6:08 pm
So the answer to your question is either do nothing or buy more shares of the funds which are down.
This, or tax loss harvest, which is what I did yesterday. I didn't buy more because I haven't hit my 5% rebalancing bands.
by remomnyc
Tue Oct 16, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7839
Views: 1609162

Re: U.S. stocks in freefall

Glad I TLH'd Monday. There have been few opportunities in this galloping market.
by remomnyc
Tue Oct 16, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 79
Views: 4935

Re: Personal Adventure - recommendations

- Ironman Hawaii
- Ultramarathon Patagonia
- Ice diving Antarctica
by remomnyc
Tue Oct 16, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 5061

Re: Kids not interested in money / allowance

staythecourse wrote:
Tue Oct 16, 2018 8:30 am
Does the younger charge an interest rate for the loan? Might be a good learning point.

Good luck.
Yes. I found out he was charging a usurious(?) rate. I told him he could profit from but not rob his brother; otherwise, I would lend the money.
by remomnyc
Tue Oct 16, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: Sneakers with good arch support
Replies: 33
Views: 1864

Re: Sneakers with good arch support

I second the recommendation to visit a running store to be fitted. Not an all-purpose sporting goods store such as Dick's. Not a general shoe warehouse such as DSW. A real running store. Such stores typically have great return policies and carry higher-end shoes. They can also recommend good orthot...
by remomnyc
Tue Oct 16, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 5061

Re: Kids not interested in money / allowance

I started and stopped the allowances due to lack of interest. The kids could never come up with things they wanted for their birthdays or Christmas, so everyone gives them cash, which they save and invest. When they want something, they use their birthday/Christmas money throughout the year. They sp...
by remomnyc
Mon Oct 15, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1875

Re: Kids and Money

Not sharing the extent of one's wealth with one's children is not lying. It is not information that should be shared until appropriate. In the meantime, teach your children how to manage their money. My kids decide how much to save, spend, and invest of their money (mostly bday and xmas gifts). We l...
by remomnyc
Sun Oct 14, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Placing mother in nursing home - advice
Replies: 37
Views: 3885

Re: Placing mother in nursing home - advice

If you and your sister are going to be in the same city, that is the city your mom should be in, so look for a facility in your city. Speak to an elder care attorney, but I believe once she depletes her assets, she will be eligible for Medicaid, which does cover nursing homes. I would sell the house...
by remomnyc
Sun Oct 14, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Using credit card rental car insurance
Replies: 14
Views: 1265

Re: Using credit card rental car insurance

I would also confirm that Italy is not an exclusion. Even if Italy is covered, confirm that theft in Italy is not an exclusion. When we traveled to Italy, only one of our three cards covered Italy and theft. Also most credit cards cover CDW, but I don't know any that cover liability. Liability may b...
by remomnyc
Sun Oct 14, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Newer Steelcase Task Chairs
Replies: 11
Views: 972

Re: Newer Steelcase Task Chairs

Sorry, our Steelcase chair is 13 years old. I'm sitting in it now, so I can vouch for the older Steelcase chairs. I've had no need to replace it, so I'm not familiar with the newer ones.
by remomnyc
Sun Oct 14, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: Suit for Teenager
Replies: 18
Views: 1235

Re: Suit for Teenager

So many great suggestions. Thank you, everyone!
by remomnyc
Sat Oct 13, 2018 4:35 pm
Forum: Personal Consumer Issues
Topic: Suit for Teenager
Replies: 18
Views: 1235

Re: Suit for Teenager

Ooh, I had no idea Uniqlo had suits. Thanks.
by remomnyc
Sat Oct 13, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: Suit for Teenager
Replies: 18
Views: 1235

Suit for Teenager

Best place to buy a suit for a teenager (36R, 29x32)? Will be worn a few times and then outgrown. Goal is not to look cheap but to be cheap.
by remomnyc
Sat Oct 13, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5535

Re: Weigh in on our Marital Argument =)-- HCOL edition

Before we had children, our second bedroom was a hotel room. We had a constant stream of visitors. As soon as we had child 2, we told all visitors they would have to find their own lodging if they wanted to visit. We pay when my parents visit because they couldn't afford it otherwise. (If your paren...
by remomnyc
Sat Oct 13, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5850

Re: Have you annuitized some of your money?

Not yet, but when I get closer to RMD age, I am considering purchasing a QLAC (qualified longevity annuity contract) in my IRA, depending on my financial situation at the time. The more concerned I am about my finances at the time, the more likely I am to buy a QLAC.
by remomnyc
Sat Oct 13, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 102
Views: 9877

Re: When will you backup the truck on stocks

I recently retired at a 55/45 allocation. My IPS calls for +/-5% rebalancing bands and to rebalance to 60/40 by the time I'm eligible for SS, but I have been considering adding a back up the truck rule. I like the idea of increasing my equity exposure if Schiller CAPE goes below 20. I will have to s...
by remomnyc
Wed Oct 03, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma
Replies: 26
Views: 2216

Re: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma

I just looked at this today. I decided against the Amazon Prime card because I do the majority of my food shopping outside of Whole Foods and the balance of my Amazon shopping isn't sufficient to warrant getting another card. I use Amex for up to $6k of groceries. Chase Sapphire for travel and enter...
by remomnyc
Wed Oct 03, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating 2018 Tax Liability
Replies: 25
Views: 2810

Re: Calculating 2018 Tax Liability

delamer wrote:
Wed Oct 03, 2018 8:25 pm
Or you could try doing an update for the app.
Thanks, Delamar.
by remomnyc
Wed Oct 03, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating 2018 Tax Liability
Replies: 25
Views: 2810

Re: Calculating 2018 Tax Liability

The version I have does an estimate for 2017. There is a tab that says “Looking at 2018” that gives you a 2018 estimate using the same info entered for 2017. You're right. Even though it says it will calculate 2018 taxes on the first page, it says " 2017 estimated federal tax owed" when the calcula...
by remomnyc
Wed Oct 03, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced Index Fund Lovers?
Replies: 46
Views: 5549

Re: Vanguard Balanced Index Fund Lovers?

I don't use it but I recommend it to people who are not financially savvy and have no interest in their finances. It is a perfect no fuss vehicle.
by remomnyc
Wed Oct 03, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: Dentist bill came 4-5 months later, is this unreasonable?
Replies: 28
Views: 2259

Re: Dentist bill came 4-5 months later, is this unreasonable?

Our dentist bills always come months later because they wait until they get the insurance reimbursement before they charge. I consider it my courtesy float.
by remomnyc
Wed Oct 03, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating 2018 Tax Liability
Replies: 25
Views: 2810

Re: Calculating 2018 Tax Liability

The version I have does an estimate for 2017. There is a tab that says “Looking at 2018” that gives you a 2018 estimate using the same info entered for 2017. You're right. Even though it says it will calculate 2018 taxes on the first page, it says " 2017 estimated federal tax owed" when the calcula...
by remomnyc
Wed Oct 03, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating 2018 Tax Liability
Replies: 25
Views: 2810

Re: Calculating 2018 Tax Liability

I'll check again to make sure I was using the 2018 taxcaster.

edit: The version I used says it was updated 3/22/18. Is there a more recent version?
by remomnyc
Wed Oct 03, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating 2018 Tax Liability
Replies: 25
Views: 2810

Calculating 2018 Tax Liability

Typically, I have extra $ withheld for taxes throughout the year, so I don't owe too much. This year, I retired in May, so I had less withheld than usual, but I will earn less $ than usual. I wanted to figure out if I would owe taxes, so I could make estimated payments if necessary. I used the IRS t...
by remomnyc
Sat Sep 29, 2018 7:43 am
Forum: Personal Consumer Issues
Topic: Anyone hire an interior designer?
Replies: 39
Views: 3593

Re: Anyone hire an interior designer?

When we bought our first home 16 years ago, we hired Lauri Ward. She was featured in a NY Times article about the redecorating movement of using what you have. For about $500, she advised us on paint color, furniture placement, art hanging, where to put our shoes, future purchases (rugs, custom medi...
by remomnyc
Sat Sep 29, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Credit card charge- fraud or mistake?
Replies: 24
Views: 2392

Re: Credit card charge- fraud or mistake?

Could be fraud or a mistake? If it's a one-off, it's probably a mistake. If it's more than one, fraud. I was traveling (without this particular card), when I got an alert that there was a charge at a fast food place. I called the credit card and notified them, but I was advised to wait because the c...
by remomnyc
Wed Sep 26, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: career change
Replies: 7
Views: 1106

Re: career change

First, I agree that at your age, an MBA makes no sense. At 30 years of expenses, you can afford to look for more fulfilling work, but it may not pay as well initially. How about looking for a job as a bookkeeper or CFO for a small company? You don't need to focus on salary as much as work content, e...
by remomnyc
Sun Sep 16, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 53
Views: 5325

Re: Delaying SS? How Long It Will Take for It to Pay Off?

Breakevens depends on what rates you use. Personally, I see delaying SS simply as longevity insurance. The only reasons I would it take earlier than 70 is if I thought I would die earlier than average or if I needed the money before 70.
by remomnyc
Sun Sep 16, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Can I have an oversized emergency savings account?
Replies: 19
Views: 2220

Re: Can I have an oversized emergency savings account?

I would take the excess and invest it according to your asset allocation. Is that 100% VTSAX?
by remomnyc
Sun Sep 16, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 307
Views: 53846

Re: That Extravagant Thing You Do

Retired early. Buying time is the most extravagant thing I've ever done. Easily left +$1M on the table.
by remomnyc
Sat Sep 15, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 62
Views: 6754

Re: Job burnout - Keep grinding or change?

I was you in 2009. I hated my job and was waking in the middle of the night stressed and unable to get back to sleep. I had only saved 1/4 of what I needed to retire. At the time, companies were firing, not hiring, so I didn't even bother looking for a new job. I did increase my savings significantl...