Search found 355 matches

by remomnyc
Thu Dec 14, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: FIFO and withdrawals from taxable
Replies: 12
Views: 559

Re: FIFO and withdrawals from taxable

There is a major thread going on regarding the pre-payment of SALT taxes, largely due to the same kind of assumptions about the proposed changes to tax law. I don't see how this is any different. There is a limit to how much you can prepay SALT; however, I have complete control of my taxable accoun...
by remomnyc
Thu Dec 14, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: FIFO and withdrawals from taxable
Replies: 12
Views: 559

Re: FIFO and withdrawals from taxable

Okay. I will post back AFTER the tax act becomes law when it is not taboo to discuss. Thanks.
by remomnyc
Thu Dec 14, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: FIFO and withdrawals from taxable
Replies: 12
Views: 559

Re: FIFO and withdrawals from taxable

Yes, that one. :happy Every iteration I've read about includes FIFO for individuals. I take it, you're saying, wait until the tax act is signed.
by remomnyc
Thu Dec 14, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: FIFO and withdrawals from taxable
Replies: 12
Views: 559

Re: FIFO and withdrawals from taxable

If I have to sell based on FIFO, I would have huge gains. If I sell before the FIFO rule, I could sell the stocks with the least gains now and put some in fixed income in taxable and buy stocks in deferred. Wouldn't this reduce my tax liability next year when I need to start selling from taxable?
by remomnyc
Thu Dec 14, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: FIFO and withdrawals from taxable
Replies: 12
Views: 559

FIFO and withdrawals from taxable

My taxable accounts only have stocks and my deferred accounts hold a mix of cds, bonds, and stocks. I will start drawing from taxable next year and rebalance in deferred. I was not planning to touch deferred until 59-1/2. If FIFO becomes the law of the land, I will have huge gains withdrawing from t...
by remomnyc
Wed Dec 06, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know you are FI? [Financially Independent]
Replies: 48
Views: 3846

Re: How do you know you are FI?

I have assets (excluding social security) greater than 25x my annual expenses (including taxes and health care) in a VHCOL area. My stock portfolio could lose 50% of its value, and I'd have enough fixed income to ride out a very long correction. I am far more likely to leave a too large nest egg to ...
by remomnyc
Wed Dec 06, 2017 3:43 pm
Forum: Investing - Theory, News & General
Topic: I'm declaring a bubble, it's at the peak
Replies: 15
Views: 2362

Re: I'm declaring a bubble, it's at the peak

I'm glad I maxed out my 2017 contributions in July. It was painful to invest even back then. No more to invest until next year. Then, I will hold my nose and throw money at the market until I hand in my pink slip.
by remomnyc
Wed Dec 06, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Timing the housing market
Replies: 32
Views: 2093

Re: Timing the housing market

The time it makes sense to buy is when you have 20% down, when you know you're staying at least 7 to 10 years, and when buying is cheaper or neutral to renting.
by remomnyc
Sun Dec 03, 2017 5:43 pm
Forum: Personal Consumer Issues
Topic: How Do You Stay Current With Music?
Replies: 111
Views: 5220

Re: How Do You Stay Current With Music?

I don't. My music tastes are forever stuck in the 80s. On the rare occasions when I run with music, I will listen to the radio and get some exposure to current music.
by remomnyc
Sun Dec 03, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 29
Views: 3626

Re: Just downsized at age 60...input appreciated

I don't think you need you pay anyone 1% to manage your account, but you may find value in a fee only financial planner to go over investment allocation, taxes, insurance, social security, withdrawal strategy, etc. It should be a fixed fee one-time only charge. If you are willing and able, you can j...
by remomnyc
Sat Dec 02, 2017 8:39 pm
Forum: Personal Consumer Issues
Topic: Should I keep the new iPad I bought or return it?
Replies: 51
Views: 3676

Re: Should I keep the new iPad I bought or return it?

My husband gave me his iPad when he upgraded, but I never use it. I have a Macbook Air and a Moto G5 Plus, both of which I use daily. I would return it.
by remomnyc
Sat Dec 02, 2017 8:35 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10450

Re: Price of haircut?

I pay $38 + $12 tip for wash-cut-dry, but I think that's a special rate for me because I have been going to him for 15+ years. It's the same rate he charged me 15 years ago. I tried cutting the kids' hair and butchered it. After that, I took them to the barber for $12 + $8 tip for cut. 10 years ago,...
by remomnyc
Fri Dec 01, 2017 2:29 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7226

Re: Does it make sense to drop health insurance?

First of all, I think $1,300/mo for 3 people is reasonable. My company Cobra would be $3,700/mo for my family of four. Granted, our deductible won't be as high, but if you're healthy and don't suffer a catastrophic illness or accident, your health insurance cost will not be significantly more than t...
by remomnyc
Thu Nov 30, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Thankful for the Debt we Took - Should we Try Again?
Replies: 95
Views: 9018

Re: Thankful for the Debt we Took - Should we Try Again?

I would refi the ARM to a 30-yr (or 15-yr if you can afford it) fixed rate loan at the existing loan amount. Max out your tax advantaged accounts saving money that would be taxed at ordinary income tax rates. If you don't have enough cash flow, then spend the dividends and/or draw from the taxable a...
by remomnyc
Thu Nov 30, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from BitCoin’s surge?
Replies: 37
Views: 3161

Re: What can we learn from BitCoin’s surge?

"One of the characteristics of a bubble might be called "reverse capitulation" ( is it called that?) The calm, level-headed, rational scoffers finally get sick and tired of watching their dumb, foolish friends get rich and jump in, too." - Nisi On his way to lunch, our chief risk officer just said h...
by remomnyc
Thu Nov 30, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from BitCoin’s surge?
Replies: 37
Views: 3161

Re: What can we learn from BitCoin’s surge?

I think BitCoin's surge is a result of there still being many greater fools.

I have no issues with gambling, as long as you're gambling with money you can afford to lose.
by remomnyc
Thu Nov 30, 2017 2:09 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11254

Re: After financial independence, do you lose motivation for work?

People who have a good work ethic before FI continue to have a good work ethic after. Those who slacked before will lose what little motivation they had. I disagree. I was a good little worker bee until last year, when I realized I could FIRE. Everyone wanted me on their project. Now I am a slacker...
by remomnyc
Wed Nov 29, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9416

Re: Why should I donate to my alma matter?

I donate to my undergrad because they made it possible for me to graduate with only $10k of debt even though my parents contributed nothing. I give a token amount my grad school to help their participation numbers but no more because they did not help me out and I already paid them plenty. Do what y...
by remomnyc
Mon Nov 27, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17637

Re: The fallacy of spending money on "experiences" vs hard assets

I bought Hamilton tickets for my family as birthday gifts. When my 12-year old found out how much they cost, he said it was a huge waste of money. He has the CD. He can listen to Hamilton on his iPad every day, if he wants. He asked if he could sell his ticket and keep the money. I told him that I w...
by remomnyc
Sat Nov 25, 2017 9:53 pm
Forum: Investing - Theory, News & General
Topic: Dropping Term Life Insurance When Hitting Your Number
Replies: 30
Views: 3443

Re: Dropping Term Life Insurance When Hitting Your Number

We no longer need the insurance, but we decided to keep it ($500/yr premium for me and $1200 premium for him for $1M coverage each). The term expires in 8 years, about the time the kids will be done with college. It is not necessarily a rational decision.
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: 156
Views: 12152

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: 5813

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: 4699

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: 1921

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: 7360

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: 140
Views: 10570

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: 207

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: 43
Views: 6765

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: 3769

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: 8847

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: 1341

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: 118
Views: 6981

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: 650

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: 2864

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: 2385

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: 631

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: 3886

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: 7667

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: 99
Views: 7668

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: 9538

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: 391
Views: 55843

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: 2062

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: 2564

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: 15536

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: 1635

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: 1603

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: 844

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: 6370

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: 7290

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: 6477

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...