Search found 508 matches

by remomnyc
Wed Jul 18, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 58
Views: 3989

Re: Salary vs. Lifestyle

At every opportunity, I have chosen lifestyle. Once I made enough to pay my expenses and save, I chose shorter commute, predictable and reasonable hours, more vacation, and better benefits over more pay. The two main drivers were stress that caused me to sleep poorly and the desire to have a family ...
by remomnyc
Wed Jul 18, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 108
Views: 5602

Re: Anyone not have a Budget?

I had a very strict budget when I was living paycheck to paycheck. As my income increased, I traded in my expense budget for a savings budget. As long as I maxed out my 401k and saved 20% of my take-home, I spent the rest as I pleased. The last time I asked if I could afford something was when we bo...
by remomnyc
Wed Jul 18, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 52
Views: 5696

Re: Costco Membership

Check out this thread: "Best place to get eyeglasses / no vision insurance" https://www.bogleheads.org/forum/viewtopic.php?f=11&t=214127&start=50 Thanks. We are going to try Zenni for our next eyeglass purchase instead of Costco. We bought a pair at Warby Parker, but my son did not find them comfor...
by remomnyc
Sat Jul 14, 2018 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 141
Views: 12106

Re: Early retirement

I have been providing financial support for my parents for over 30 years. I direct deposit their monthly maintenance, but I send checks for birthdays and other occasions. I just saw my parents for the first time since I retired in May. I discovered my mom assumed I had been fired and retired because...
by remomnyc
Thu Jul 12, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 52
Views: 5696

Re: Costco Membership

How about going to lenscrafters and buying the protection plan? Last time I was there which was a few years ago it covers breakage. The employee flat out told me that I could get it and just before it expires *air quotes* accidentally break them and get new ones. It does not cover loss though. I th...
by remomnyc
Thu Jul 12, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 52
Views: 5696

Costco Membership

My son just lost/broke his 4th pair of glasses this year. (Other has lost one pair this year, but he shattered his phone, so he's not much better.) I did a search on glasses here and Costco came up. I can't buy in bulk because I don't have enough storage (refrigerated or otherwise). I don't have a c...
by remomnyc
Wed Jul 04, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: What to add to the baby registry?
Replies: 20
Views: 1224

Re: What to add to the baby registry?

Craigslist is your friend. Below is what I would want on my registry. Medela breast pump Breast milk storage bags Lanolin cream Cloth diaper burp cloths Boppy pillow Diapers Balmex Foam changing pad Travel changing pad Crib Baby bath tub with foam insert for newborn aden + anais swaddle blankets Bab...
by remomnyc
Mon Jul 02, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: International Vacation Ideas
Replies: 47
Views: 3137

Re: International Vacation Ideas

I second Machu Picchu. If you can, hike it with a group (glamping). Add Berlin to your European cities to do list. For tropical vacations, the Maldives and Seychelles are great if you're divers, but otherwise a snorefest. Costa Rica is lush and has a lot more going on. I'd rather go back to Greece, ...
by remomnyc
Sun Jul 01, 2018 7:41 am
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 7687

Re: What % of your equity is int’l?

1/3, and it's work to keep it there.
by remomnyc
Sat Jun 30, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 10763

Re: Feel like I'm sinking money into international

What a timely post. I just got my quarterly dividends and allocated it all to international. For the past year, I've bought nothing but international and bonds, both of which have been on sale, i.e. sucking wind. Whenever I have doubt, I go to the Callan Periodic Table and also I review the world P/...
by remomnyc
Sat Jun 30, 2018 6:40 am
Forum: Personal Consumer Issues
Topic: [Do you subscribe to Consumer Reports?]
Replies: 31
Views: 2821

Re: [Do you subscribe to Consumer Reports?]

I trust them and I used to subscribe. Now, I sign up for a monthly subscription (I think it's about $5/mo) when I'm making a big purchase, e.g. washer/dryer, and then cancel after I've done my research.
by remomnyc
Sat Jun 30, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: Cheapest way to buy a phone in 2018?
Replies: 73
Views: 6996

Re: Cheapest way to buy a phone in 2018?

Phones have improved so much. I would buy the cheapest unlocked newest generation phone. I purchased a Moto G5 Plus for under $200 and the Moto E4 for the kids for $120. One child has a $3/mo plan for 30 texts/calls plus 10 cents per text/minute thereafter from T-Mobile and the other has unlimited t...
by remomnyc
Sat Jun 23, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Repair old refrigerator or purchase new
Replies: 24
Views: 1715

Re: Repair old refrigerator or purchase new

I had a +10-yr old refrigerator that was no longer cooling. I wanted to replace it, but it was not a standard size. It would have been over $1k to replace, so I called the repair guy. There was a very inexpensive part that needed to be replaced and the repair took less than 15 minutes and cost about...
by remomnyc
Sat Jun 23, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8452

Re: Retirees: When you cut spending, what do you cut?

I recently retired, so I haven't cut anything yet, but I have a list of expenses that I would cut if I needed to ($/yr). Girls' Trip: $6k Summer Camp for Kids: $6k Private Lessons for the Kids: $8k Cleaning Lady: $5.5k There are others that could easily be cut, but with a 3.5% withdrawal rate, exclu...
by remomnyc
Sat Jun 23, 2018 6:45 am
Forum: Investing - Help with Personal Investments
Topic: How to help my teen (14) grow their savings faster?
Replies: 18
Views: 1667

Re: How to help my teen (14) grow their savings faster?

Once our children's savings accounts reached $1,000, we opened UTMA (Uniform Transfer to Minors Act) accounts for them at Vanguard. We purchased Vanguard Target Retirement 2060 (VTTSX) with the $1,000 until they had the $3,000 minimum to purchase Vanguard Total Stock Market Investor Shares (VTSMX). ...
by remomnyc
Fri Jun 22, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12172

Re: Retire at 50: Should I?

Agree with others that you can retire. The only thing I would do is reduce my stock exposure to guard against sequence of return risk. The year before I retired I reduced my stock/bond allocation from 70/30 to 55/45. I created a CD ladder in tax deferred as part of my fixed income and will use it to...
by remomnyc
Fri Jun 22, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 14703

Re: Did you celebrate when you finally hit $1m?

I didn't tell my husband because I didn't want him to celebrate by buying some expensive electronic gadget.
by remomnyc
Fri Jun 22, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes from dividends getting high.. how to handle?
Replies: 24
Views: 2747

Re: Taxes from dividends getting high.. how to handle?

This is what I do. There may be better ways. Make sure all your dividends taxed at ordinary income rates are in tax deferred accounts and only qualified dividends taxed at capital gains rates are in taxable accounts. Have dividends in tax deferred reinvest but dividends in taxable go to cash. You ca...
by remomnyc
Mon Jun 18, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 6049

Re: Lost job. Take early SS or draw from accounts?

I told her she needs to reduce her basic expenses to $3k/mo. If she gets a job, that will be discretionary income. She is making a detailed list of her expenses, so I can see where she can reduce. I am going to help her with her resume. The current plan is for her to draw from SS when she runs out o...
by remomnyc
Sun Jun 17, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 6049

Re: Lost job. Take early SS or draw from accounts?

Regarding her decision to file for SS early or draw on IRA. It is helpful to remember she can make that decision 12 times a year. If her portfolio tanks, she can file for SS any month. But I think once you file, withdrawing a claim requires that you pay it back--something she might think of doing i...
by remomnyc
Sun Jun 17, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 6049

Re: Lost job. Take early SS or draw from accounts?

SSDI: She does not qualify for SSDI. She checked. Cobra: Her coverage would be $800/mo under Cobra. Medicaid: She will have too much income this year to qualify. Roommate: There are people with rent stabilized apartments, who are looking to rent a room. My suggestion was for her to find one rather t...
by remomnyc
Sat Jun 16, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 6049

Re: Lost job. Take early SS or draw from accounts?

Okay, she won't be eligible for Medicaid this year, but will be next year. Job prospects are not good. I guess she really needs to focus on reducing expenses.
by remomnyc
Sat Jun 16, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 6049

Lost job. Take early SS or draw from accounts?

The company where my friend works is going out of business. She will look for a new job, but based on her age and lack of mobility (barely ambulatory with a walker), I think she will have difficulties. She is not eligible for disability but is eligible for unemployment at $405/week for 26 weeks. Age...
by remomnyc
Wed Jun 13, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7259

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

Another issue is jobs. I know companies that relocated outside of the city for tax benefits and then discovered it was hard to attract workers to the suburban location. As a result, once the tax benefits expired, they closed up their offices and moved back to the city. If the people want to be in th...
by remomnyc
Mon Jun 11, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 5603

Re: Strategy for a prolonged bear market

Plan A: Reduce expenses (~25% discretionary).
Plan B: Sell only fixed income to finance expenses.
Plan C: Move from VHCOL to lower COL (only in case of job loss).
by remomnyc
Thu Jun 07, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs overweighting
Replies: 9
Views: 745

Re: 3 fund vs overweighting

Look up the Callan Return chart. The future is hard to predict.

https://www.callan.com/periodic-table/

Who knows what sector will overperform in the future?
by remomnyc
Thu Jun 07, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance for Young Couple
Replies: 28
Views: 2255

Re: Term Life Insurance for Young Couple

We used selectquote.com and bought term when I was pregnant with our second. We were in our late 30s when we bought 25-year policies, and they were dirt cheap. I can't imagine they could be much cheaper in your 20s. Until we bought a place and had kids, we had no need for life insurance. We also spo...
by remomnyc
Mon Jun 04, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 75
Views: 5842

Re: What is your Take Home Pay / Gross Pay ratio?

I just retired, but it was 54% after fed, state, local, SS,and Medicare. I maxed out 401k, catch up contribution, and FSA.
by remomnyc
Mon May 28, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: When and how often do you rebalance
Replies: 52
Views: 3954

Re: When and how often do you rebalance

During accumulation, I rebalanced with new contributions, interest and dividends. My rebalance trigger is 5%. During drawdown, I will sell taxable and use tax deferred to rebalance back to my asset allocation.
by remomnyc
Wed May 23, 2018 1:54 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 5057

Re: How do you stop moving the goal posts.

Retirement is a fairly new construct. My doctor worked until his 80th birthday, and he was definitely ambivalent about retiring. Most of us retire because our jobs prevent us from doing things that would give us more happiness and meeting non-financial goals. You don't have to retire if you enjoy yo...
by remomnyc
Fri May 11, 2018 9:40 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 227
Views: 31113

Re: Roll Call for the Retirement Class of 2018!

Big Dog wrote:
Fri May 11, 2018 9:19 pm
I was told last Tuesday that I'm joining the class. :|
Ah, Big Dog. Was it completely unexpected? Are you prepared?
by remomnyc
Fri May 11, 2018 9:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 227
Views: 31113

Re: Roll Call for the Retirement Class of 2018!

After only one OMY (one more year), which was a really miserable year, I did it Next week is my final week. My co-workers have remarked they've never seen me so happy. My want to do list keeps getting longer and longer. I feel like I could be busier without a job than with one!
by remomnyc
Mon May 07, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to change jobs or should I stay put?
Replies: 70
Views: 6753

Re: Is it time for me to change jobs or should I stay put?

Do you want a promotion? If you do, you have to ask what you need to do to be promoted. My friend was offered a promotion, and she turned it down because it was a bad time in her life to take on more responsibility. She was not offered again. When she wanted to be promoted, she had to ask. What do y...
by remomnyc
Mon May 07, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3539

Re: When did you start drawing profits from taxable?

Until now, I have only sold in taxable to tax loss harvest or change my asset allocation. I will start drawing profits next month when I retire. For big purchases and vacations, we tap our emergency fund, which holds a year of expenses, and replenish it from cash flow when it gets low. As others hav...
by remomnyc
Sun May 06, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: Bucket List Adventures/Activities
Replies: 110
Views: 8490

Re: Bucket List Adventures/Activities

I travel a lot and often. My bucket list would be a little different.

I want to get back in fighting shape.
I want to live abroad.
I want to master another language.
I want to visit all the friends I don't get to see regularly.
by remomnyc
Sat May 05, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Need encouragement with holding my bond fund assets
Replies: 27
Views: 2233

Re: Need encouragement with holding my bond fund assets

Remind yourself why you bought bonds in the first place. It was not for return, was it? It was to protect yourself against volatile stock losses, right? They are still serving that purpose. When stocks fall again (and they will), the bonds will probably become more desirable and even if you have a 3...
by remomnyc
Thu May 03, 2018 8:25 pm
Forum: Personal Consumer Issues
Topic: Are bonus and equity pro-rated at lay off?
Replies: 16
Views: 1647

Re: Are bonus and equity pro-rated at lay off?

I have been at a few firms where the lay-offs are timed before bonuses were to be paid to avoid paying the bonus.
by remomnyc
Thu May 03, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 55
Views: 6737

Re: Starting to smell like buying season?

Most years when I got my 401k match or my bonus, I had to hold my nose and buy even though prices were at all time highs. You just can't tell (or at least I can't) when it's buying season, so I'm always a buyer when I have cash.
by remomnyc
Wed May 02, 2018 9:56 pm
Forum: Personal Consumer Issues
Topic: Where to babymoon?
Replies: 38
Views: 3866

Re: Where to babymoon?

Where does your wife want to go? We ended up going to the Seychelles when I was 7 mos pregnant because the trip was booked a year in advance, when I wasn't pregnant. I had zero desire to go anywhere. I certainly did not want to go somewhere hot. All I wanted to do was sit in air-conditioning and be ...
by remomnyc
Fri Apr 27, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Do you sell or donate unused items?
Replies: 46
Views: 2964

Re: Do you sell or donate unused items?

If I can easily sell it for $50 or more, I do; otherwise, I donate.
by remomnyc
Thu Apr 26, 2018 10:30 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 10916

Re: Wedding - financial burden on couple and attendees

OP, it's not your wedding. Go or decline. Tell the others to do the same. The wedding couple should have whatever wedding they want. The couple can decide how to spend their money and so can the invited guests. People can decide to attend or not. I said no to Hawaii. A friend wanted to marry in Hawa...
by remomnyc
Wed Apr 25, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9768

Re: How did you tell the boss you're leaving/retiring?

I plan on giving two weeks notice, which is what I have done every time I quit. I think my boss may be surprised I'm retiring since I'm nearly 20 years his junior.
by remomnyc
Wed Apr 25, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 6491

Re: Who benefits from "best and final offer" on condo?

We were in a multiple bid situation. The seller asked for best and final. We made ours and lost. Apparently, another losing bidder then increased their offer and a bidding war ensued. After weeks of reviewing docs, the winning bid ended up getting cold feet and decided they had offered more than the...
by remomnyc
Wed Apr 25, 2018 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Mr. Analysis by Peralysis
Replies: 5
Views: 885

Re: Mr. Analysis by Peralysis

If you have tax deferred, make sure the bonds are placed there; otherwise, it sounds like a great plan. You can rebalance as you invest or annually. IMO, this is better than a target date plan because the expense ratio is less and you don't have international bond exposure.
by remomnyc
Tue Apr 24, 2018 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: If you were starting from $0
Replies: 14
Views: 1438

Re: If you were starting from $0

60% VTI and 40% VXUS
by remomnyc
Mon Apr 23, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10534

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: 2825

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: 103
Views: 9781

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: 103
Views: 9781

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: 79
Views: 6403

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...