Search found 576 matches

by remomnyc
Sun Oct 21, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Quitting w/o notice
Replies: 132
Views: 7606

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: 557

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: 901

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: 93
Views: 10137

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: 20
Views: 2039

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: 93
Views: 10137

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: 6380

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: 122
Views: 14620

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: 2305

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: 7429
Views: 1556041

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: 78
Views: 4414

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: 4881

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: 1784

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: 4881

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: 1772

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: 3786

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: 1200

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: 940

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: 1194

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: 1194

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: 1194

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: 5387

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: 5682

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: 95
Views: 8300

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: 2182

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: 20
Views: 2039

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: 20
Views: 2039

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: 43
Views: 4715

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: 2231

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: 20
Views: 2039

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: 20
Views: 2039

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: 20
Views: 2039

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: 3557

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: 2365

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: 1091

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: 5296

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: 2213

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: 304
Views: 52985

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: 6691

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...
by remomnyc
Sat Sep 15, 2018 3:32 pm
Forum: Personal Consumer Issues
Topic: Rain Jacket recommendations and care
Replies: 32
Views: 2489

Re: Rain Jacket recommendations and care

I have a Golite jacket made with Gortex Paclite that is waterproof, windproof, breathable, and weighs nothing. I've had it for 12 years and it still looks and works like brand new. I wear it to run errands when it's raining and take it hiking when weather conditions can go from 70 degrees to snowing...
by remomnyc
Mon Sep 10, 2018 9:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 310
Views: 43783

Re: Roll Call for the Retirement Class of 2018!

I am interested in knowing how many of you retired (retiring) by 55 and never plan to make a penny active income again. (55 is my earliest possible retirement age. Once I retire, I would not be able to come back to a similar job making similar money, so I do not plan to come back to the work place ...
by remomnyc
Mon Sep 10, 2018 8:23 pm
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9889

Re: What will you do when you find you have more money than expected?

I retired relatively early, so I will maintain my lifestyle until I only have 30 years left to fund. Then I will start distributing the excess to family and charities each year, which is my version of lifestyle creep.
by remomnyc
Sun Sep 09, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Bored
Replies: 56
Views: 9518

Re: Bored

I second getting a larger (min $1m) term life policy outside of your employer, especially if your job is not stable and dropping your current expensive $250k policy. My 25-year $1m term policy is $520/year and I got it in my late 30s. Fix your costs now while you're young. Make sure your have enough...
by remomnyc
Fri Aug 24, 2018 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Varying college costs across kids in the same family
Replies: 92
Views: 5235

Re: Varying college costs across kids in the same family

We gave each kid the same budget, it allowed them to pay for four years at the school of their choice. Leftover $ can be used for grad school. We communicated the only caveat to them when they entered high school: they had to apply to our state flagships and had to attend if they were their best ad...
by remomnyc
Thu Aug 23, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4393

Re: Suggestions for a Generous Grandparent?

If the grandparent were simply doling out unrestricted inheritances, I would divide the amounts equally among the children, regardless of how many children each child had. For college funding, however, I would contribute equal amounts to each grandchild's 529 account with the grandparent as custodia...
by remomnyc
Mon Aug 06, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7363

Re: "Skin in the game"

I think all kids should have skin in the game, but it shouldn't be money if the parents can afford to pay. My kids know that we will pay for their education because we can, but they need to do well academically. If not, they can work, go to a state university or community college.
by remomnyc
Fri Aug 03, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 12014

Re: 3 Levels of Wealth

I liked the 3 levels because they were very concrete, but I didn't interpret them as literally as some of you did to mean not caring about the cost of restaurants or vacations. To me, not caring about the cost meant that you didn't have to think twice about going to whatever restaurant you wanted or...
by remomnyc
Fri Aug 03, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 12014

Re: 3 Levels of Wealth

"At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history. Heller responds,“Yes, but I have somet...
by remomnyc
Fri Aug 03, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 12014

Re: 3 Levels of Wealth

...Ditto on retirement. If a person cannot say "enough" to himself or herself, the person cannot retire. I am a noodle/pasta kind of person. In term of a meal, I am only interested in that I can afford the best noodle and pasta that I can find. So, in my case, the best meal has a different connotat...
by remomnyc
Fri Aug 03, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 12014

3 Levels of Wealth

Ben Carlson's article, "The 3 Levels of Wealth", http://awealthofcommonsense.com/2018/08/the-3-levels-of-wealth/, made me think about having enough to retire even though it was more about growing income inequality. Carlson describes the 3 levels of wealth posited by Stewart Butterworth, the founder ...