Search found 614 matches

by remomnyc
Sat Jan 19, 2019 3:30 pm
Forum: Investing - Theory, News & General
Topic: So when do you sell?
Replies: 16
Views: 1348

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: Investing - Help with Personal Investments
Topic: I know market timing is a fool's game but...
Replies: 59
Views: 4698

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: 10118
Views: 1784920

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: Investing - Help with Personal Investments
Topic: Front loading vs. monthly contributions into a 529 account
Replies: 7
Views: 279

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: 9873

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: 5961

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: 103
Views: 15513

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: 2594

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: 4447

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: 8287

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: 7605

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: 10118
Views: 1784920

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: 10118
Views: 1784920

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 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Tax Loss Harvesting Partners
Replies: 5
Views: 380

Re: Fidelity Tax Loss Harvesting Partners

I googled but could not figure out what the differences are between the tax loss partners? Is the coverage different?
by remomnyc
Sun Dec 23, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Tax Loss Harvesting Partners
Replies: 5
Views: 380

Fidelity Tax Loss Harvesting Partners

What are tax loss harvesting partners for Fidelity total market (FSKAX) and Fidelity Total International (FTIHX)?
by remomnyc
Thu Dec 13, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Buy now or wait?
Replies: 13
Views: 1237

Re: Buy now or wait?

I don't think more people will decide to sell their primary residence because of tax changes. I know people are selling their secondary homes because those costs are no longer deductible. I think fewer people will decide to buy, resulting in less demand, resulting in lower pricing. Average days on m...
by remomnyc
Thu Dec 13, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Buy now or wait?
Replies: 13
Views: 1237

Buy now or wait?

I saw an apartment I like. The price is significantly lower than similar units that have sold recently, but my husband wants to wait because he thinks the true discounting will start when people do their taxes and discover the ramifications of the loss of interest (>$750k loan) and real estate tax d...
by remomnyc
Sun Dec 09, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: Has anyone adjusted their stock allocation on the dip?
Replies: 71
Views: 5549

Re: Has anyone adjusted their stock allocation on the dip?

I'm retired. I rebalance when I exceed my 5% bands, which has not happened once this year. I did do tax loss harvesting of international twice in October and banked some tax loss carry forwards.
by remomnyc
Sat Dec 08, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Best place for children’s money.
Replies: 17
Views: 1322

Re: Best place for children’s money.

We have fully funded 529 accounts, so gift money does not go there. We opened savings accounts for gift money. Once the balance exceeded $1k, we transferred $1k to open UTMA accounts at Vanguard invested in an target index fund. Once the balance in the UTMA reaches $10k, we will stop funding. The ki...
by remomnyc
Sat Dec 08, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement: how to get a lease without income
Replies: 10
Views: 1845

Re: Early Retirement: how to get a lease without income

I looked at renting a new apartment this week. The income requirement in large professionally managed buildings is 40x monthly rent, for which I no longer qualify as a retiree. They do not care about assets, which in my case are 40x ANNUAL rent. My options were (1) get a job; (2) get a guarantor (in...
by remomnyc
Mon Nov 26, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Being a Good Son
Replies: 22
Views: 3348

Re: Being a Good Son

After my mother's first fall, we convened a family meeting to discuss estate planning. Even though my parents have no estate to inherit, it is still important to know their wishes while they can still share them. We hired an elder care attorney, had each draw up durable power of attorney (POA), heal...
by remomnyc
Sun Nov 25, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Need Gift Ideas for 25 Year Old Male
Replies: 16
Views: 1496

Re: Need Gift Ideas for 25 Year Old Male

Portable battery pack like the Jackery Bolt? Touchscreen winter gloves?
by remomnyc
Sun Nov 25, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Affordable Furniture for first adult apartment
Replies: 29
Views: 2581

Re: Affordable Furniture for first adult apartment

Craigs List or Housing Works Thriftshop + Man with a Van to move big bulky items. Also check NextDoor.com to see what your neighbors are selling or giving away. All three are great for tables, chairs, dressers, shelving, etc. You can find people discarding their Ikea furniture for cheap. I would buy...
by remomnyc
Sun Nov 18, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: parents buying home for sibling
Replies: 44
Views: 5756

Re: parents buying home for sibling

I would only intervene if I thought that my parents were depleting resources or putting themselves financially at risk to become dependent on me at a future date. If so, I would discuss with them that they have enough for themselves should things not work out with your sibling's plan. If the answer ...
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: 15189

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: 1841

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: 11289

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: 53
Views: 4094

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: 9437

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: 6328

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: 3714

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: 41
Views: 4587

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: 685

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: 109
Views: 1236030

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: 7779

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: 8812

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: 645

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: 17
Views: 1192

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: 11423

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: 28
Views: 3330

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: 11423

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: 6668

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: 142
Views: 19276

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: 2410

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 free fall
Replies: 10118
Views: 1784920

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: 97
Views: 6598

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: 5099

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.