Search found 392 matches

by remomnyc
Mon Jan 22, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: How much $ worth of things have you discarded without using?
Replies: 18
Views: 1162

Re: How much $ worth of things have you discarded without using?

I used to buy kids' clothes on sale for the next season and they often ended up being the wrong size for the next season. Now, I wait until they need stuff and avoid "saving" money. I used to buy shoes that turned out to be uncomfortable when worn outside the store, but I avoid that by spending mone...
by remomnyc
Mon Jan 22, 2018 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Help Late Early Accumulators Be Comfortable Right Now with (Bogle-appropriate) Aggressive AA
Replies: 30
Views: 1754

Re: Help Late Early Accumulators Be Comfortable Right Now with (Bogle-appropriate) Aggressive AA

I'm glad you read about Bob, the world's worst market timer. You should also read Swedroe's Lessons from 2016, specifically lesson 2. http://www.etf.com/sections/index-investor-corner/swedroe-lessons-2016-part-1?nopaging=1 In a nutshell, returns are lumpy and if you miss the best days, you miss out ...
by remomnyc
Thu Jan 18, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: 1,000th post and a 'No-Fail' Retirement Formula
Replies: 47
Views: 4155

Re: 1,000th post and a 'No-Fail' Retirement Formula

Based on your formula, my expenses divided by the portfolio size is a 2.4% withdrawal rate. That is way too conservative. I think this is a result of two factors. Choosing a SS age of 70 results in more years of using a portfolio based on 0% growth and using a 3% withdrawal rate on amounts after one...
by remomnyc
Thu Jan 18, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 7014

Re: Short Commute or Nicer House?

We chose short commute with 1/4 of the space and about 1.4x more housing cost. We started reaping the rewards a few years ago because not only do we not have to commute, the children are able to use public transportation to get themselves around, so no need to have a parent/nanny/live-in au pair to ...
by remomnyc
Mon Jan 15, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: A "Home" cell phone?
Replies: 47
Views: 4157

Re: A "Home" cell phone?

Our "home" phone is a prepaid sim card in a desk phone that stays plugged in at home. I think it costs us about $5/month.
by remomnyc
Sun Jan 14, 2018 11:11 pm
Forum: Investing - Theory, News & General
Topic: A modified-Bogle approach to safe withdrawals
Replies: 7
Views: 1099

Re: A modified-Bogle approach to safe withdrawals

IMHO, if real return is 1.6% over the next decade, it's more than likely to be higher than average over the next 10 years and likely to be 4% or higher over 30 years.
by remomnyc
Sun Jan 14, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: Any high-end skincare products worth it?
Replies: 37
Views: 2967

Re: Any high-end skincare products worth it?

My dermatologist friends say no. I wash with Cetaphil and moisturize with Neutrogena with SPF.
by remomnyc
Sun Jan 14, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: ‘Fun’ Money
Replies: 15
Views: 1012

Re: ‘Fun’ Money

Why would you hold bonds in brokerage? Are you out of space in your 401k?
by remomnyc
Sun Jan 14, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 39
Views: 4552

Re: Merrill Edge best choice for higher net worth accounts?

I have my 401k at Merrill, my taxable at Schwab, the kids' UTMAs at Vanguard, and I used to have a Chase Private Client account. Every once in a while I'm tempted to chase fees, but end up staying put. IMO, Schwab has the best customer service.
by remomnyc
Sun Jan 14, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Unwinding Stocks - Where to Start?
Replies: 21
Views: 1317

Re: Unwinding Stocks - Where to Start?

Livesoft's list is a good one. Also keep in mind, unless each of those stocks was purchased in one lot, those capital gains are the average, so there may be opportunities to tax loss harvest or sell with little gains even within stocks that have capital gains.
by remomnyc
Fri Jan 12, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 64
Views: 7097

Re: Our 'cure' for emergency expenses

Our emergency expenses come from our emergency fund. Emergency expenses is a misnomer as it's everything lumpy that's not a typical expense, such as camp costs, new furniture/appliances, vacations, etc. When the emergency fund is down more than 10k, we replenish it using interest and dividends. No s...
by remomnyc
Thu Jan 11, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: "Emergency Fund" Strategy
Replies: 39
Views: 3931

Re: "Emergency Fund" Strategy

Also, I would not count my EF in my asset allocation because it could really skew it when your assets are small. I only started counting it this year because I am retiring and all my assets are now essentially an EF. It should be skewed if your assets are small, as you shouldn't be taking a lot of ...
by remomnyc
Thu Jan 11, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: A half year at full pay or a full year at half pay?
Replies: 49
Views: 4671

Re: A half year at full pay or a full year at half pay?

I wanted to do this, but my children, ages 14 and 12, did not want to take a year off from school or change schools for a year.
by remomnyc
Thu Jan 11, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8054

Re: How much/little money to give kids in will so they continue to work

You may be missing inflation for college tuition. 10k *18 = 180k. That's "enough" for some colleges, now. Will it be enough for grandkids? How much will it grow in the market? Maybe "10k/year for grandkids with child as custodian up to median cost of private tuition and room and board"? You may als...
by remomnyc
Thu Jan 11, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: "Emergency Fund" Strategy
Replies: 39
Views: 3931

Re: "Emergency Fund" Strategy

Tier 1 - Brick 10k Tier 2 - credit card (to be paid off with Tier 3, or 4) Tier 3 - Online Savings Account 24k Invest the rest. Tier 4 - brokerage account You perfectly described my approach. I like to keep it simple. :sharebeer +2. My only quibble is with the amount, which I think may be light. As...
by remomnyc
Thu Jan 11, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: How many years of fixed income for Sequence of Return Risk
Replies: 26
Views: 1969

Re: How many years of fixed income for Sequence of Return Risk

In a typical 25x expenses, 60/40 retirement allocation, there would be 10 yrs of fixed income and 15 yrs of equity. Personally, I have ~13 yrs of fixed income and more than 25x expenses with a 55/45 allocation because I am retiring early. I believe Kitces said the first 10 years was the most dangero...
by remomnyc
Thu Jan 11, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8054

Re: How much/little money to give kids in will so they continue to work

If you could see the future and you learned your kids would lose their work incentive upon receiving their full inheritance, would you still be willing to leave your entire estate to them? As an outsider to this matter, (I don't have kids nor do I expect to get an inheritance) I don't think gifts t...
by remomnyc
Thu Jan 11, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8054

Re: How much/little money to give kids in will so they continue to work

Okay, I read White Coat Investor's 20s Fund. Our kids have 529 accounts sufficient for 4 years of private university and UTMA accounts. I expect the balances of the UTMA will exceed $10k when they are 18. They know we will contribute $1 for every dollar they earn to a ROTH until they are 22 and then...
by remomnyc
Thu Jan 11, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8054

Re: How much/little money to give kids in will so they continue to work

Nearly a Moose: Thank you. I hope my children turn out as level headed as you. I will check out White Coat Investor's Twenties Fund. Sandtrap: I can find a good attorney. The problem is deciding what I want. In my family, we've never had the luxury of worrying about having money since we had none. I...
by remomnyc
Thu Jan 11, 2018 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Buy bonds until market correction
Replies: 28
Views: 2348

Re: Buy bonds until market correction

I would invest according to your IPS unless there has been a change in life circumstances that causes you to revise your IPS (e.g., you inherited a windfall, you lost your job, you hit your #, etc). For any new funds that would go into fixed income, I would consider CDs given that the Fed has signal...
by remomnyc
Wed Jan 10, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8054

Re: How much/little money to give kids so they continue to work

OP, Why would you only give out money when you die? Won't it makes a lot more sense to give out some of the money while you alive? Then, you could see how it had been used and decide what to do next. I come from a multi-generation business family. We believe in training/teaching/coaching our kids o...
by remomnyc
Wed Jan 10, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8054

Re: How much/little money to give kids so they continue to work

OP, Why would you only give out money when you die? Won't it makes a lot more sense to give out some of the money while you alive? Then, you could see how it had been used and decide what to do next. I come from a multi-generation business family. We believe in training/teaching/coaching our kids o...
by remomnyc
Wed Jan 10, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8054

Re: How much/little money to give kids so they continue to work

To be clear, I am talking about how to structure our will to distribute money to kids who are now 14 and 12 should we die before they are self-supporting. It will be easy to dole out the money if we are still alive because then I can see what kind of people they turn out to be. Our existing will, wr...
by remomnyc
Wed Jan 10, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8054

Re: How much/little money to give kids so they continue to work

We have told the kids that we expect to fund college, but their inheritance will be that they won't have to support us. They know I had to pay my way through school and that we support my parents, so not having these financial burdens resonates with them. College is covered by 529 accounts. So far, ...
by remomnyc
Wed Jan 10, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8054

How much/little money to give kids in will so they continue to work

The "trusts for adult children" thread prompted me revisit our wills. They distribute everything to a trust to pay out 10% at age 25 and the balance at 30 plus health, education, maintenance and support (HEMS). When we made the wills, we didn't have a penny saved for college, The bulk of the estate ...
by remomnyc
Wed Jan 10, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk impact on Retirement
Replies: 103
Views: 4281

Re: Sequence of Return Risk impact on Retirement

I entered your data into cfiresim.com. Retirement start 2022 (age 62), end 2055 (age 95). Portfolio value $1.6M, 60/40. Spending $60k adjusted for inflation. Rebalance until 2022. Then target asset 100% equities start 2022 (at retirement), end 2030 (8 yrs later, to simulate spending down all bonds)...
by remomnyc
Wed Jan 10, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk impact on Retirement
Replies: 103
Views: 4281

Re: Sequence of Return Risk impact on Retirement

I entered your data into cfiresim.com. Retirement start 2022 (age 62), end 2055 (age 95). Portfolio value $1.6M, 60/40. Spending $60k adjusted for inflation. Rebalance until 2022. Then target asset 100% equities start 2022 (at retirement), end 2030 (8 yrs later, to simulate spending down all bonds)....
by remomnyc
Sun Jan 07, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 7458

Re: How much are you putting in a 529?

Goal set 12 yrs ago was $250k per child to pay most of the cost of 4-yr private. Started with $10k/yr/kid contributions and then reduced to $500/mo/kid then to $10k/yr (to match state tax deduction) as balances grew. Child 1: Age 14, contributions $100k, stopped contributing 2 yrs ago, balance $210k...
by remomnyc
Tue Jan 02, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 131
Views: 12147

Re: Embarrassment Preventing Retirement Work: A factor for you?

One of my dream jobs in retirement would be to work in a library or bookstore and share my love of literature with everyone. I am the go to person whenever anyone needs a book recommendation. If people who knew me saw me working in such a setting, they would think I must be really happy surrounded b...
by remomnyc
Tue Jan 02, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: College scholarships: How much should I pencil in for my future students?
Replies: 54
Views: 2536

Re: College scholarships: How much should I pencil in for my future students?

With respect to sports, the parents I know who spent $$$ on sports were not expecting sports scholarships but an advantage in the admissions process by competing against other athletes versus the academic pool at large. With respect to scholarships, if your child tests well and has good grades (top ...
by remomnyc
Tue Jan 02, 2018 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds placement and potential rebalancing.
Replies: 4
Views: 452

Re: Bonds placement and potential rebalancing.

Yes, sell bonds in tax deferred and buy stocks, but don't forget to tax loss harvest in your taxable. That's another reason to keep stocks in taxable.
by remomnyc
Sun Dec 31, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: What do you consider wealthy?
Replies: 28
Views: 2555

Re: What do you consider wealthy?

I think people feel wealthy when they have significantly more than their peers and likewise feel poor when they know many doing significantly better. In a VHCOL area, you can earn 100k/yr and have 1M net worth and be struggling, while the same would be wealthy in a VLCOL area, so it depends. I consi...
by remomnyc
Thu Dec 28, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4503

Re: Diamonds are forever.

My friend's father met his wife in college when he didn't have two nickels to rub together. When I met his mother, his father was the CFO of a Fortune 500 company, but she still proudly wore the ring he had purchased 40 years before. She said it was a constant reminder of their beginnings. She decli...
by remomnyc
Thu Dec 28, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2494

Re: General question on college savings

Say yes to tax free growth. I would fund to the max state tax deduction each year.
by remomnyc
Wed Dec 27, 2017 4:06 pm
Forum: Personal Consumer Issues
Topic: European Cities that don't interest you
Replies: 187
Views: 11803

Re: European Cities that don't interest you

I'm not a big city traveler, but here are a few I don't need to revisit: Athens, Frankfurt, Milan, Zurich.
by remomnyc
Wed Dec 27, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10901

Re: Another should i buy my dream porsche thread...

Retirement savings seem very light for your age. I would wait on the Porsche.
by remomnyc
Mon Dec 18, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Assistance to Adult Child (health insurance)
Replies: 107
Views: 5828

Re: Financial Assistance to Adult Child (health insurance)

The downside is too high. It sounds like paying for the insurance would not be a hardship for you. I would offer to pay it directly. Consider it part of an early inheritance and insurance against catastrophic loss to you if something unforeseen happens to her. Tell her after she has a job with healt...
by remomnyc
Thu Dec 14, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: FIFO and withdrawals from taxable
Replies: 12
Views: 620

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: 620

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: 620

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: 620

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: 620

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: 3973

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: 2437

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: 35
Views: 2589

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: 5520

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: 56
Views: 5094

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: 3791

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: 10896

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: 7768

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...