Search found 4228 matches

by cherijoh
Fri Jan 19, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Within 10 years of retirement
Replies: 11
Views: 2860

Re: Within 10 years of retirement

Questions: 1. Considering opening an IRA at Vanguard, and rolling over all funds from my husband’s former jobs (60% of current assets) into bond and international stock index funds such as the ones below; aiming for 50% and 10% of current assets, respectively. Would also rebalance my husband’s curr...
by cherijoh
Fri Jan 19, 2018 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Job terminated. Convert small pension to lump sum or annuity?
Replies: 18
Views: 1386

Re: Job terminated. Convert small pension to lump sum or annuity?

Roll it to IRA. Have done it, hard to keep track of this one investment, on paper. Can this IRA be converted to Roth IRA or rolled into another active 401k? Yes it can be converted to a Roth IRA. Your 401k plan controls whether or not it will accept a rollover from an IRA - in other words the IRS p...
by cherijoh
Thu Jan 18, 2018 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Job terminated. Convert small pension to lump sum or annuity?
Replies: 18
Views: 1386

Re: Job terminated. Convert small pension to lump sum or annuity?

I have a small personal pension account worth $26,548 with the following options 1) Take the $26,548 lump sum (rollover into IRA) 2) Single life annuity: $104.15/mo 3) 50% joint and survivor annuity: $101.21/mo, $50.61/mo (beneficiary) I'm 36 years old and have no need for the income right now (wif...
by cherijoh
Thu Jan 18, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: How will or might nonprofits be affected by tax law changes?
Replies: 29
Views: 1303

Re: How will or might nonprofits be affected by tax law changes?

I am involved with a charity that funds an international relief initiative for a remote community in a third world country. We received some relatively significant year end 2017 donations. I suspect the tax law changes were involved. For our planning purposes, does anyone have any opinions or views...
by cherijoh
Thu Jan 18, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Within 10 years of retirement
Replies: 11
Views: 2860

Re: Within 10 years of retirement

We finally paid off the mortgage and kids’ educations and are now looking closer at retirement savings (yep, we should’ve done this before now :| ). Our sense is that we’re underfunded but we’re getting close to retirement so trying to balance additional growth vs risk. <-- You definitely are behin...
by cherijoh
Wed Jan 17, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Sell Home Depot?
Replies: 34
Views: 2145

Re: Sell Home Depot?

WhiteMaxima, DRIP, dividend reinvestment plan, sounds good, Thanks,KPG For heaven's sake, if you are concerned about a concentrated holding in a single stock, don't buy more through a DRIP. Put the dividends you receive into something else, like an index fund. Don't make your problem worse! +1
by cherijoh
Wed Jan 17, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2360

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

Hey folks, I was wondering if it's typical for an IRA company to charge $500+ for their part in the process of transferring from my mother's traditional IRA to a beneficiary IRA in my name, and then to the custodian of my choice (haven't decided yet between Vanguard, E*Trade, or Fidelity; have acct...
by cherijoh
Wed Jan 17, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension Vs Higher salary + 401k savings plan
Replies: 32
Views: 2550

Re: Federal pension Vs Higher salary + 401k savings plan

Positives for being a fed: -You can probably cut down on medicare costs by quite a bit (as alluded to up post). I just learned about this, despite having worked as a Fed for five years. IIRC, the government picks up their portion of your premium as well. -Relative stability, depending on where you ...
by cherijoh
Wed Jan 17, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1506

Re: London/Paris Trip Questions

recently in the Washington Post: 'How to plan your family’s first international vacation' https://www.washingtonpost.com/lifestyle/travel/how-to-plan-your-familys-first-international-vacation/2018/01/11/96163e4c-efea-11e7-b3bf-ab90a706e175_story.html Also, travel light, take only one small overhead...
by cherijoh
Wed Jan 17, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1506

Re: London/Paris Trip Questions

1. I don't think travel agents are interested in booking that kind of travel anymore, the commissions are close to zero. You are better off doing it yourself unless you are planning to use some really exotic tours or other add-ons to make it worth their while... 2. ATMs work well in Europe, but you...
by cherijoh
Tue Jan 16, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?
Replies: 30
Views: 1417

Re: views on empower retirement? fees ease of use etc?

What are your views on Empower Retirement? Is this a good 401k provider? My future employer uses this. What are the fees? Have you had issues? Can I use vanguard funds? Is there variety? 401k providers generally support numerous retirement plans which each have a different line-up of funds and whic...
by cherijoh
Tue Jan 16, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 83
Views: 5631

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

After a pattern continues long enough that the masses think it is the "New Norm". Record ,Massive Inflows to an asset class. Chasing Performance. Greed. This is more along the lines of what I was looking for, in a behavioral sense. For now, I am not seeing very many 'but this time, it is just so di...
by cherijoh
Tue Jan 16, 2018 5:25 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3020

Re: PTO policy after international business travel

I've done a lot of international business travel, and have trouble sleeping on planes and adjusting to major time zone changes, so I sympathize with the OP. What works for me is taking Ambien the first three nights in Asia or Europe, and the first three nights back in the U.S. after an Asia trip. (...
by cherijoh
Tue Jan 16, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3020

Re: PTO policy after international business travel

Arriving one day ahead of your meeting and going back to the office one day after a long flight seems reasonable to me. Some people have no problems adjusting to time zone changes and some do. May be international traveling doesn't suit you if it takes you 5 days to recover at the end of trip. I re...
by cherijoh
Tue Jan 16, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: Reconciling thoughts on Investing Vs Paying down mortgage
Replies: 8
Views: 1188

Re: Reconciling thoughts on Investing Vs Paying down mortgage

I If you have a portfolio with a 7% return it makes no sense to use your incremental capital to pay down a mortgage that costs 2.75% or 3.5% . Starting with this assumption makes your argument for you, but it's just an assumption. Anyone would agree that if you have something giving you an (almost)...
by cherijoh
Mon Jan 15, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 87
Views: 10697

Re: IRS announces new withholding tables for 2018

Does this take into account the increased child tax credit? The withholding tables themselves do not. From the draft version of the W-4, 2018 Form W-4 - fw4--dft.pdf , it appears that will attempt to use the CTC (and others) to guide one to the correct number of allowances. The draft version in you...
by cherijoh
Mon Jan 15, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 87
Views: 10697

Re: 2018 Withholding Tables

rkhusky wrote:
Thu Jan 11, 2018 2:30 pm
The Federal 2018 tax brackets have been released:
https://www.irs.gov/pub/irs-pdf/n1036.pdf
Link is now broken - I am getting a page not found message. I even went to irs.gov and typed in "2018 withholding". I guess I'll try later.
by cherijoh
Mon Jan 15, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: [Should I do a Roth conversion?]
Replies: 9
Views: 888

Re: [Should I do a Roth conversion?]

What is the maximum I can (or should) convert into a ROTH yearly? I would have about 10 yrs before taking social security benefits; retirement age 60, get SS at age 70. Do I convert it all? And spread it out, for example, divide a my tIRAs and 401(k) by 10 and convert 10% yearly? I've also seen som...
by cherijoh
Mon Jan 15, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: TSA locks for luggage
Replies: 18
Views: 1294

Re: TSA locks for luggage

Not put anything valuable in checked luggage. I think people who have to travel with more than they can carry or not allowed to carry and also valuable might make other arrangements to ship things rather than check in luggage. I don't think there is a means to seriously secure checked luggage. I ha...
by cherijoh
Mon Jan 15, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4412

Re: Almost a pathological fear of debt, to my detriment?

Fear of mortgage debt would seem to be the biggest thing that would have an adverse effect on you. When I got my mortgage I did not look at it as debt but as a mechanism to pretty much "lock-in" the majority of my housing costs for the next 30 years. It was the long-term cost savings that made me g...
by cherijoh
Mon Jan 15, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Rollover Before 59 and 1/2
Replies: 5
Views: 365

Re: Pension Rollover Before 59 and 1/2

I always thought that someone under the age of 59 and 1/2 who left their job could rollover a pension lump sum to a traditional IRA without any sort of penalty, as long as they didn’t withdraw from it. Is this true or not? Some people have challenged me on this topic and I wasn’t able to find a str...
by cherijoh
Mon Jan 15, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3020

Re: PTO policy after international business travel

Only the OP's employer can answer his question. I used to work for an international company and it had a dedicated team of employees who traveled more than half way across the globe. I don't recall that they got more than a day or two off after each trip. The wear and tear was obvious as most of th...
by cherijoh
Mon Jan 15, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting side gig while at mega corp
Replies: 25
Views: 2138

Re: Consulting side gig while at mega corp

No need to tell them unless you work for a competitive doing the same thing you do now or your company does. At least that is what I would do. A colleague at my former employer was doing a side gig and had not informed our employer. It was in the same industry although not for a direct competitor. ...
by cherijoh
Mon Jan 15, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 2386

Re: Sell or Keep a rental condo

corgimom11 wrote:
Sun Jan 14, 2018 8:26 pm
I helped them run the numbers and while the rental cash-flowed, it was the appreciation of the unit driving most of the "profit." I told them that this "profit" was not promised tomorrow and you never know what will happen with the housing market.
+1
by cherijoh
Sun Jan 14, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 68
Views: 4754

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

Your contractor example could be mitigated by hiring someone who would take a credit card. After all, you call them, you can ask at the outset. Otherwise pick another. True, if any other contractor is immediately available in an emergency and will accept a credit card. Otherwise check payment (with...
by cherijoh
Sun Jan 14, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2121

Re: Do you correct cashier mistakes?

Sometimes - as I age - it is not a mistake, but the "Senior Discount" .. Good financially. Bad emotionally ... :confused My grocery store offers a 10% senior discount on Thursdays. I'm not eligible for the discount, so I decline it on the self-serve registers, but I find that if I check out with ca...
by cherijoh
Sun Jan 14, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 2386

Re: Sell or Keep a rental condo

On a 55k investment in 2010, you have been netting about 10.5k income /year for the past 7 years. I would look at this as an investment that creates cashflow, which has no correlation or very little correlation with equity markets. To be honest with you, I can't think of a better investment generat...
by cherijoh
Sun Jan 14, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 2386

Re: Sell or Keep a rental condo

One thing I love about real estate is the portfolio diversity it affords you. Also it makes it much harder to overspend on something big in your life. Liquid assets (speaking to after tax mostly) are a few clicks away from being cash and you can spend it on something you may not need. A property li...
by cherijoh
Sat Jan 13, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Pension service credit purchase: yes or no?
Replies: 16
Views: 896

Re: Pension service credit purchase: yes or no?

Are you in TRS3 (or TRS2 or TRS 1)? Something important happens at 20 years of service. When calculating my wife's TRS3 pension, I stumbled into this. She can't buy service from teaching elsewhere, so she just needs to work (they may also have a plan to outright buy service credits, but we don't pl...
by cherijoh
Sat Jan 13, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1200

Re: Roth conversion confusion

You will be 70.5 in June of 2020 so 2020 is the first year of your RMD. As I understand it, you get a "grace period" your first year so you could theoretically delay that payment until April 15 of 2021. I don't recommend it because that means you have to take 2 RMDs in the same tax year (2021). Whe...
by cherijoh
Sat Jan 13, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1200

Re: Roth conversion confusion

I am converting my T-IRA to Roth because I do not want RMD's. I would like to convert some of it each year for tax purposes. I am confused about when I have to start taking RMD's and their relation to tax years. Let's say my birthday is 01/15/1950. In 2018, I am 68, and pay income taxes on 2017 inc...
by cherijoh
Fri Jan 12, 2018 9:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 106
Views: 8034

Re: Post your Financial Milestone Announcements Here

I just passed the $100k mark in my 401k this morning! I started with my company in July 2012 and this was the first year I was able to max the contribution limit. I didn't contribute anything in 2015 while I was on my debt-free journey but once I got down I was able to set my contribution at 25% in...
by cherijoh
Fri Jan 12, 2018 8:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 106
Views: 8034

Re: Post your Financial Milestone Announcements Here

Not as exciting as some of the prior announcements, but I have a couple that I am hitting today that I am pretty proud of. We have officially reached net worth of $500K+ including home equity. We should land around $525K after 401K contribution hits after the large bonus I received. I am 29 years o...
by cherijoh
Fri Jan 12, 2018 5:23 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4412

Re: Almost a pathological fear of debt, to my detriment?

Do you have a mortgage? That is probably the biggest way you can safely leverage debt. Unless you plan to go back to college, anything else is too short term and likely high interest, so using debt to invest could easily backfire. I would just enjoy the debt free lifestyle. Sure, you could churn 0%...
by cherijoh
Fri Jan 12, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Help with inheritance.
Replies: 6
Views: 473

Re: Help with inheritance.

I would suggest reading this article in the Wiki on windfalls . Also think about your goals for this money and match the time horizon of the goal to an appropriate asset allocation. You may have some goals for which your current aggressive AA is not appropriate. Do you have a job with earned income?...
by cherijoh
Thu Jan 11, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Work affect social security benefit?
Replies: 6
Views: 482

Re: Work affect social security benefit?

https://www.ssa.gov/pubs/EN-05-10069.pdf << You can get Social Security retirement or survivors benefits and work at the same time. But, if you’re younger than full retirement age, and earn more than certain amounts, your benefits will be reduced. The amount that your benefits are reduced, however,...
by cherijoh
Thu Jan 11, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 53
Views: 4901

Re: Getting your spouse on the same page

It’s very common for married couples to disagree about money. I used to be a reckless spender but have completely turned it around and I am now a committed BH. I am having trouble getting on the same page with my wife. Has anyone else experienced difficulty in getting their spouse to follow a plan ...
by cherijoh
Thu Jan 11, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score dropped 30 points because I paid off my auto loan?
Replies: 39
Views: 5597

Re: Credit score dropped 30 points because I paid off my auto loan?

I've seen credit score drops of 30-40 in several forums...MINE dropped 72 points when I paid off a 60-month car loan!!! I have 3 credit cards all at low utilization (NEVER carry a balance forward...always pay full balance before payment date). These credit scores are complete hokum! If you pay-off ...
by cherijoh
Wed Jan 10, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: Traveling to Germany (Bavaria) in April/May - Itinerary Help Needed
Replies: 41
Views: 1937

Re: Traveling to Germany (Bavaria) in April/May - Itinerary Help Needed

....This is our first trip to Germany.... It sounds like a wonderful vacation! I don't have any destination or activity experience to share but I did want to pass on a "gotcha" a neighbor of mine came across two weeks ago. Germany has very strict rules about passports and even though my neighbor ha...
by cherijoh
Mon Jan 08, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6885

Re: Lowball offer on a home

Couple moving to California for a job. They are looking to sell. Owner has a real estate license so I’m sure he thinks he knows everything. I’ve seen the house on and off on Zillow for a few months. It looks to me they’re ready to get out of there. There’s a bed, 2 couches and a dining room table. ...
by cherijoh
Mon Jan 08, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6885

Re: Lowball offer on a home

Hello all, My wife and I saw a 3br/1.5ba house in a spectacular neighborhood the other day that we liked and are interested in making an offer. It is currently listed for $529,000 and all of the comps in the area have sold between $480k and $530k in the last year. A house two doors down sold for $5...
by cherijoh
Mon Jan 08, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: CAPE Fear: Why CAPE Naysayers Are Wrong
Replies: 102
Views: 7612

Re: CAPE Fear: Why CAPE Naysayers Are Wrong

What I have been saying are three things. First, if you haven't rebalanced your portfolio in a while, this might be a good time to do so. Second, if valuations are making you nervous, nothing wrong with taking a bit off the top. Better to "panic" when stocks are at all time highs rather than after ...
by cherijoh
Mon Jan 08, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Rent a car for long trip or use my own
Replies: 25
Views: 1252

Re: Rent a car for long trip or use my own

My company will allow me to expense the mileage even if I rent the car. I just can’t double dip and expense the mileage and expense the rental. I think I will rent. It would be true money in my pocket after maybe $75 in gas and $80 for the rental. My company explicitly requires us to use the corpor...
by cherijoh
Mon Jan 08, 2018 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds in Roth or Taxable?
Replies: 13
Views: 1242

Re: Bonds in Roth or Taxable?

My wife and I are 70 and 64. This year, with wife’s RMD and starting Social Security along with other income we will be bumping the 22% bracket. I’m guessing we will remain in this tax zone till I have to take SS and RMDs at which time we will be solidly in the 22% bracket. Both of our IRA’s are 10...
by cherijoh
Mon Jan 08, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Math - What I am not thinking of?
Replies: 26
Views: 4086

Re: Early Retirement Math - What I am not thinking of?

Financial Situation: - Family: Me - 37, Wife - 36, Kid - 14 months - Net Worth: $5.4M - Allocation: 85% Stocks, 10% Bonds, 5% - cash + real estate - Portfolio: VFWAX, VBTLX, VTSAX, VGWAX as per the allocation above. 6% of net worth invested in Indian mutual funds because that's where we live now, a...
by cherijoh
Mon Jan 08, 2018 7:44 am
Forum: Personal Consumer Issues
Topic: is the cost for using a relocation service to find an apartment worth it?
Replies: 8
Views: 569

Re: is the cost for using a relocation service to find an apartment worth it?

My child has accepted a job in another city that comes with relocation benefits including a relocation company to coordinate his move. He has the option to have the company help him find an apartment and if he goes that route he would have to pay a fee equal to one month's rent. What are the benefi...
by cherijoh
Sun Jan 07, 2018 6:23 pm
Forum: Investing - Theory, News & General
Topic: for those without an emergency fund, what's your plan for an emergency?
Replies: 25
Views: 2872

Re: for those without an emergency fund, what's your plan for an emergency?

If I sell equities at a loss in taxable and spend the money, then I will buy the similar, but not substantially identical, equities in my tax-advantaged accounts at the same low prices in order to get back to my desired asset allocation by exchanging bond fund shares. See: https://www.bogleheads.or...
by cherijoh
Sun Jan 07, 2018 6:14 pm
Forum: Personal Consumer Issues
Topic: Recommendations for 72 hours in Dublin, Ireland
Replies: 27
Views: 1222

Re: Recommendations for 72 hours in Dublin, Ireland

Even if you know nothing or think you have no interest, Irish people are such wonderful storytellers that you will quickly be engrossed. That is very true. I did a CIE bus tour some years ago with friends. I detest sitting on a bus for long stretches, but our driver/guide was such a good storytelle...
by cherijoh
Sun Jan 07, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48630

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

Are HELs or HELOCs still deductible for rental properties on Schedule E? You do know that they didn't eliminate the deductibility of HEL and HELOCs if it was used for "acquisition debt" which includes home improvements. The prohibited "home-equity debt" refers to cash out refinances and using your ...
by cherijoh
Sun Jan 07, 2018 5:50 pm
Forum: Personal Consumer Issues
Topic: "Sharing" Internet/WiFi with neighbors?
Replies: 38
Views: 2291

Re: "Sharing" Internet/WiFi with neighbors?

MrJones, You have a valid point. Here you go. An example of T&C of consumer Internet service. Of course, there's no such thing as a typical contract in these cases. It's going to vary widely across states and jurisdictions. Given that, one has to question the value of making bold statements based o...