Search found 463 matches

by remomnyc
Mon Apr 23, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 81
Views: 7394

Re: Salary Negotiation gone sour

It sounds like the max base was $85k. You demonstrated you would not accept it, and they moved on. When the base was less than I wanted but the job and company was one that I wanted, I negotiated a six-month performance and salary review and another time, a minimum base bonus. Each time I accepted t...
by remomnyc
Sat Apr 21, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: How long have you been employed?
Replies: 44
Views: 2444

Re: How long have you been employed?

I've worked part-time since age 10, started by delivering papers (dragging them in a wagon), then babysitting, cleaning houses, waiting tables, temping. I've worked full-time for 31 years, which will come to an end next month.
by remomnyc
Fri Apr 20, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 102
Views: 7780

Re: NYT article: Everyone should hire a financial planner

Maybe not everyone, but A LOT of people should hire a financial planner. All of my peers have a college degree and most have graduate degrees, but many aren't maxing out tax-advantaged space, or have their 401k in mutual funds with front loaded fees and high expense ratios, or have whole life rathe...
by remomnyc
Fri Apr 20, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 102
Views: 7780

Re: NYT article: Everyone should hire a financial planner

Maybe not everyone, but A LOT of people should hire a financial planner. All of my peers have a college degree and most have graduate degrees, but many aren't maxing out tax-advantaged space, or have their 401k in mutual funds with front loaded fees and high expense ratios, or have whole life rather...
by remomnyc
Wed Apr 18, 2018 7:26 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 53
Views: 3409

Re: Bloomberg article on lump sum vs dollar cost averaging

I dollar cost averaged after the crash. Since then, I always lump sum whenever I have cash. If I were to receive a life-changing amount of money (unlikely, unless I win the lottery; again, unlikely, since I would have to buy a ticket), I would probably change my asset allocation toward more fixed in...
by remomnyc
Wed Apr 18, 2018 3:26 pm
Forum: Personal Consumer Issues
Topic: underwater camera advice
Replies: 18
Views: 638

Re: underwater camera advice

We bought a waterproof casing for our Canon PowerShot years ago. See if you can get a casing for your existing camera. The biggest problem for us was picture clarity in low light conditions. My friend who is an avid underwater photographer has a flash that's nearly the size of the camera. This may b...
by remomnyc
Wed Apr 18, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: 1 Year a Boglehead - Check-In/Up
Replies: 13
Views: 1097

Re: 1 Year a Boglehead - Check-In/Up

2) Thought of rolling IRA's into 401k/403B = my question is with 7-8 years left -- if it really worth it ? With the conversions after 60/61 with no income-- I assume the benefit is converting tIRA to rIRA in the lowest tax bracket. But I would need other funds to live off of and leave rIRA to grow,...
by remomnyc
Wed Apr 18, 2018 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 101
Views: 17349

Re: Ally Bank No penalty CD for parking cash, is there a catch?

The only thing to be aware of is that you have to withdraw the entire no-penalty CD all at once, so if you know you're going to be making monthly withdraws, I would open up batches of CDs. The Ally no penalty CD is currently 1.6%, the same rate as the Marcus savings rate. Marcus has a 12-month CD pa...
by remomnyc
Wed Apr 18, 2018 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: 1 Year a Boglehead - Check-In/Up
Replies: 13
Views: 1097

Re: 1 Year a Boglehead - Check-In/Up

I'll take a stab. 1) If you have $985k of retirement funds and expect to add $45k per year for the next 7 years, you would need an average growth rate of ~ 7% to reach $2M. It could happen, but given that we are coming off a long bull market and the pundits are predicting lower returns going forward...
by remomnyc
Tue Apr 17, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Edited 4/23 Please help with overall investment plan for retirement
Replies: 8
Views: 999

Re: Please help with overall investment plan for retirement

Yes, redo with percentages adding to 100%. Does he have TIAA traditional available in his 401k/403b?
by remomnyc
Tue Apr 17, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8017

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

Easy peasy. I get dividend income out of my retirement accounts every quarter and I have yet to make an IRA withdrawal nor have I changed my asset allocation. Buy in IRA with dividend proceeds, sell same etf in taxable. Pay long term capital gains on 'dividend' income. So---in a simplified world---...
by remomnyc
Wed Apr 11, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: The "mechanics" of retiring
Replies: 20
Views: 3744

Re: The "mechanics" of retiring

If you're doing 72t for 10 years, you are committed to withdrawing that amount. If you have a 70/30 all in tIRAs, and you have a 50% stock correction, you'll be down by 35% and forced to sell while prices are low, so make sure you don't have a blended or target fund, so you can sell bonds when stock...
by remomnyc
Tue Apr 10, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5181

Re: Retirees: Who's increasing their equities as they age?

Retiring early 50s at 55% equities. Will rebalance to 60% at age 60. Will rebalance again at age 70 when I get SS, but SS will then be included as part of my fixed income, significantly increasing the share of equities in my portfolio. That's the plan, but a lot could change between now and then.
by remomnyc
Mon Apr 09, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone at Goldman Sachs/Marcus bank 1.5%?
Replies: 37
Views: 4642

Re: Anyone at Goldman Sachs/Marcus bank 1.5%?

We have savings at Marcus Bank, Capital One, and Amex as well as CDs at Ally. Like others, we've been at Marcus since it was GE Capital Bank. Their rates and Capital One rates have always been competitive. No need to chase rates. We no longer need the Amex and Capital One accounts, but we leave a no...
by remomnyc
Mon Apr 09, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Will I catch up saving for retirement?
Replies: 54
Views: 4478

Re: Will I catch up saving for retirement?

Once you're done with childcare, you can turbo charge the 529s and taxable savings. There's no reason you couldn't retire in 10 or 15 yrs at your current expenses and savings rate. In no universe are you behind.
by remomnyc
Sun Apr 08, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: Make your retirement money last
Replies: 56
Views: 15908

Re: Make your retirement money last

I bought multiple copies to gift to people who ask me for financial advice.
by remomnyc
Sun Apr 08, 2018 8:01 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11373

Re: What is your AA, given your age? and, Why?

80/20 until i realized I was almost financially independent
70/30 2 yrs before retirement
55/45 at retirement (this year in early 50s)
60/40 at age 60
Not sure what I'll do afterward.
by remomnyc
Sun Apr 08, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12440

Re: Ivy school education. Is it worth it?

For grad school, I decided to pay for an Ivy rather than taking the 50% scholarship elsewhere. My parents had no say since they weren't paying. I told my kids whatever they save me on their education, I will gift them later. My friends whose parents were paying made the same offer, and my friends ch...
by remomnyc
Sun Apr 08, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 13942

Re: Parents have zero savings. What can I do?

Encourage them both to work until age 70 and not to draw SS until then. +1 Advise them to delay SS to 70 and continue to work until they are no longer able or no one will hire them. They can also downsize and move to LCOL area. The only thing you should do is to decide what you and your wife are wi...
by remomnyc
Fri Apr 06, 2018 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 39
Views: 3919

Re: Who uses the 3 fund portfolio ?

I have more than 3 but that is due to capital gains tax implications of selling things (mostly tilts) I had before I found BH. All rebalancing and any new purchases go to total stock, total international, or total bond. I must admit, however, my fixed income portfolio also contains a 4-yr CD ladder.
by remomnyc
Fri Apr 06, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: What to do?
Replies: 8
Views: 754

Re: What to do?

Each state has a specific time period to cancel annuities that starts when the policy is delivered to you, ranging from 10 to 30 days after you receive the contract for a full refund.
by remomnyc
Thu Apr 05, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: House down payment - Smart for anything between 3.5% and 20%?
Replies: 23
Views: 1650

Re: House down payment - Smart for anything between 3.5% and 20%?

KlangFool wrote:
Thu Apr 05, 2018 3:12 pm
OP,

There is a bigger picture question here. If you cannot afford to pay 20% down for the house, you might be buying too much house. Aka, you cannot afford the house.

KlangFool
+1
KlangFool took the words out of my mouth.
by remomnyc
Thu Apr 05, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads Take Advantage of Dips When Fully Invested?
Replies: 55
Views: 7018

Re: How do Bogleheads Take Advantage of Dips When Fully Invested?

I buy whenever my 401k contributions go in, whenever I have dividends in taxable, and whenever I hit my 5% bands. I haven't sold anything since I changed my allocation last summer for early retirement. Despite the volatility, with the rebalancing from dividends and contributions, my 5% bands have no...
by remomnyc
Wed Apr 04, 2018 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses Schwab and what are the up and downsides?
Replies: 41
Views: 2716

Re: Who uses Schwab and what are the up and downsides?

I think Schwab's website and customer service are second to none. I have/had accounts at Vanguard, Morgan Stanley, Merrill Lynch, and UBS over the years. I also like having a local office and account officer. No one has ever tried to sell me anything. I can't think of any downsides. In fact, I will ...
by remomnyc
Wed Apr 04, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: Home Purchase Advice
Replies: 11
Views: 1308

Re: Home Purchase Advice

I don't know about you, but I would want to put at least 20% down (coming from cash), have housing costs (mortgage, taxes, maintenance) not exceed 40% of my net take-home (after you've maxed all tax advantaged savings), and have mortgage not exceed 3x my gross annual income. I would not buy more hom...
by remomnyc
Fri Mar 30, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 50
Views: 6203

Re: What’s the magic savings rate???

http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Makes some assumptions, but inspiring if you need saving motivation. Note it's based on net and not gross income. This Mr. Money Mustache post was the one that made me realize that I could possibly retire ...
by remomnyc
Fri Mar 30, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 4053

Re: When did you know your kids would go to college?

We knew they would go to college before they were born. When we were growing up, it was not a question of if but where we would go to college. The same is true for our kids. If there is something compelling they would like to do instead of college that has a path to self-sufficiency, we would entert...
by remomnyc
Wed Mar 28, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life - How Much & How Long
Replies: 4
Views: 510

Re: Term Life - How Much & How Long

We purchased term life when we had a 2-yr old and an infant. We wanted enough to pay off mortgage, pay for college, and pay childcare costs. For us, that meant a 25-year policies of $1M each. My premium is $500/yr and my husband's $1200/yr. At this point, we have no mortgage, we've saved enough for ...
by remomnyc
Wed Mar 28, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should we save for our son's college?
Replies: 96
Views: 8085

Re: Should we save for our son's college?

At your income level, you should save in 529 accounts for your child's college education. As others have pointed out, your child will never qualify for financial aid. The question is how much you want to save. We have decided to save for 4 years of private. If they don't go to college or go to state...
by remomnyc
Wed Mar 28, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: LG 75" vs OLED 65" TV or Wait?
Replies: 44
Views: 3771

Re: LG 75" vs OLED 65" TV or Wait?

When our TV died this summer, my husband bought an LG OLED. He had been waiting for years for the technology to become "affordable". I don't care about TVs, but I LOVE this TV. Watching sports on it is pure pleasure. It is worth every penny, and we paid a lot of pennies because we didn't want to be ...
by remomnyc
Wed Mar 28, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9033

Re: How Do You Value Your Home for Net Worth Purposes?

Our place was easy to value because there were always similar sales that provided easy, accurate comparisons. I would include it in my net worth, but the number I really care about is investible assets that can generate income.
by remomnyc
Fri Mar 23, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: One month summer vacation with kids age 10 & 12
Replies: 7
Views: 493

Re: One month summer vacation with kids age 10 & 12

Not very Griswoldian, but I would take the kids to Spain or Portugal and rent a house for a month. It's surprisingly cheap and a great adventure.
by remomnyc
Wed Mar 21, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 87
Views: 6157

Re: What have you baked recently?

I use paprika for my recipe keeper and also track what I've baked (and made for dinner). Here are some recent highlights Excellent White Bread -- I make this 2x a week for the family https://cooking.nytimes.com/recipes/1017369-excellent-white-bread?action=click&module=Global%20Search%20Recipe%20Car...
by remomnyc
Mon Mar 19, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Ever received a legitimate unsolicited call from the I.R.S.?
Replies: 24
Views: 2172

Re: Ever received a legitimate unsolicited call from the I.R.S.?

I have been contacted my the IRS, and it has always been by mail (forgot a 1099 once and miscalculated when I did my returns manually another time). My parents were audited more than once and always contacted by mail.
by remomnyc
Fri Mar 16, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: New job transition and pregnant - when to inform employer?
Replies: 30
Views: 2475

Re: New job transition and pregnant - when to inform employer?

I told my boss at 20 weeks, which was 20 weeks after I started my job. He congratulated me and wanted to know if i planned to return afterward. I did and I did. Wait the earlier of your 18-20-week sonogram or when you're undeniably showing.
by remomnyc
Fri Mar 16, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Time/money trade-offs with work and life balance
Replies: 46
Views: 3570

Re: Time/money trade-offs with work and life balance

Unless I was going to make enough money in a year to retire, I would not accept any job with only two weeks of vacation and haven't done so since I graduated from college. I have always chosen time over money. Not everyone can choose if they need the money to survive.
by remomnyc
Fri Mar 16, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider an emergency fund as part of your overall allocation?
Replies: 24
Views: 2055

Re: Do you consider an emergency fund as part of your overall allocation?

Not sure if this is mental accounting. I didn't count it while working. Now that I'm about to FIRE, I include it since all my accounts become my emergency fund when I will no longer have a paycheck. So, while working and saving my allocation was 80/20 without EF. On the cusp of FIRE, my allocation i...
by remomnyc
Fri Mar 16, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 187
Views: 18739

Re: Those with high savings rate: why?

When I started supporting my parents, I started saving money so my future children would not have to support me. When I saw many of my friends and colleagues lose their jobs during the Great Recession, I started super saving so I could survive an extended jobless period and continue to support my fa...
by remomnyc
Tue Mar 13, 2018 6:21 pm
Forum: Personal Consumer Issues
Topic: Had to Cancel a Trip Due to Emergency Surgery - Anyone Filed a Trip Insurance Claim With Allianz?
Replies: 6
Views: 907

Re: Had to Cancel a Trip Due to Emergency Surgery - Anyone Filed a Trip Insurance Claim With Allianz?

Check your credit card, too. I know Chase Sapphire has travel insurance if you purchase the trip with your card.
by remomnyc
Sun Mar 11, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: When your spouse’s risk tolerance differs from yours
Replies: 31
Views: 2346

Re: When your spouse’s risk tolerance differs from yours

We have similar risk tolerances but different asset allocations because we have different goals and the money will be drawn at different times.
by remomnyc
Sun Mar 11, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Suggestions on the Azores?
Replies: 13
Views: 684

Re: Suggestions on the Azores?

We booked Hotel Caloura in Sao Miguel.
by remomnyc
Sun Mar 11, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: Is near FI + Employment almost as good as Retirement?
Replies: 39
Views: 4378

Re: Is near FI + Employment almost as good as Retirement?

No. I am FI and working is no less stressful because I am not in control of my time. I missed my child's parent-teacher conference because of a deadline that was not in my control. I spent half a day working on something for a colleague who was on vacation, which resulted in having to work late to g...
by remomnyc
Sat Mar 10, 2018 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund a CD with online bank??
Replies: 10
Views: 953

Re: How to fund a CD with online bank??

I funded Ally CD my providing my checking account information on-line and allowing them to pull the money.
by remomnyc
Sat Mar 10, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: I need to sell some stock now for a looming expense, right?
Replies: 28
Views: 2896

Re: I need to sell some stock now for a looming expense, right?

To reinforce a point already made, I would look at your entire portfolio, including your tax-advantaged accounts, in thinking about this. If you have fixed income in tax-advantaged, then you aren't forced to sell stocks after they drop in value, since you can offset the stock sale in taxable with a...
by remomnyc
Tue Mar 06, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: How in Invest $1 million
Replies: 16
Views: 3396

Re: How in Invest $1 million

You wrote that your retirement fund is 80/20. Fill your entire 401k with your bond allocation. Your windfall in taxable can go all stocks unless you need to buy more bonds for your 80/20 allocation. No to crowd funding, real estate, and REITs. Keep it simple.
by remomnyc
Tue Mar 06, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 5831

Re: Donations to your enrolled public school

I think our public schools typically target an average of $500/family in donations, knowing that some can't afford anything and others can afford more given the financial diversity of the families. We typically donate $1,500/year/kid to the PTA. It pays for extras, like music, dance and art programs...
by remomnyc
Fri Mar 02, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: Lost social security card, steps to take?
Replies: 34
Views: 2422

Re: Lost social security card, steps to take?

1. Freeze credit at all agencies.
2. Replace social security card.
3. Never carry social security card in wallet. Only bring it when required.
by remomnyc
Wed Feb 28, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Possible career change - move to HCOL area and salary expectations?
Replies: 15
Views: 1760

Re: Possible career change - move to HCOL area and salary expectations?

NYC is a great place to be when you're young and single. My husband wants to move to Tampa, where we determined we could live a nicer lifestyle for 100k than we can for 200k in NYC. I doubt a 30% increase would cover a comparable lifestyle. Move to NYC because you want to be here. I'm sure there are...
by remomnyc
Wed Feb 28, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: how to draw down taxable retirement acct...?
Replies: 20
Views: 1560

Re: how to draw down taxable retirement acct...?

I am drawing down my taxable account now in retirement. When I need money, I look to see how much I need and which shares would be best to sell that will cause the least tax consequences now and in the future. There is no need to plan ahead because the situation changes. So far in 2018, I have sold...
by remomnyc
Thu Feb 22, 2018 4:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 160
Views: 20211

Re: Roll Call for the Retirement Class of 2018!

I had planned to give notice on Monday, but my boss told me I have a sizable bonus coming. Now I feel compelled to stay until then, which changes my exit to 5/18/18. I'm in the midst of two very stressful projects, so I resent staying but it's hard to leave so much money on the table. Every day seem...