Search found 3912 matches

by cherijoh
Thu Sep 21, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 163
Views: 16529

Re: Calling out the not so rich bogleheads

Is it only me or are the non LBYM people hidden in plain sight ? Pretty much everybody I know at work or otherwise seems to be the responsible kind, saving and investing as much as they can. Sure, some people drive the expensive cars but I believe they have a net worth to match those cars. Actually...
by cherijoh
Wed Sep 20, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Automate Savings
Replies: 5
Views: 442

Re: Automate Savings

I'm trying to figure out a way to automate my savings so I never see a change in my checking account. For example, automate a 40% savings rate so I never see more than 40% of my take home pay in my checking account. I get a standard corporate paycheck with direct deposit and a Fidelity 401k. The on...
by cherijoh
Mon Sep 18, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 163
Views: 16529

Re: Calling out the not so rich bogleheads

But what they really helped me with was understanding what I need to be saving for retirement, and why saving enough is important.... They also helped me decide I didn't need a boat, a new car, a bigger house, a pool, a vacation condo, or to cosign for a relatives home. They may have more money tha...
by cherijoh
Mon Sep 18, 2017 7:35 pm
Forum: Investing - Theory, News & General
Topic: Why can US citizen expats not invest w/Vanguard?
Replies: 68
Views: 34858

Re: Why can US citizen expats not invest w/Vanguard?

in_reality wrote:
Mon Sep 18, 2017 6:56 am
cherijoh wrote:
Mon Sep 18, 2017 6:27 am
ExpatInAsia wrote:
Thu Feb 14, 2013 3:01 am
That post was 4+ years ago. jimmyli's was recent.
oops! :oops:
by cherijoh
Mon Sep 18, 2017 6:27 am
Forum: Investing - Theory, News & General
Topic: Why can US citizen expats not invest w/Vanguard?
Replies: 68
Views: 34858

Re: Why can US citizen expats not invest w/Vanguard?

I tested their online application up to a certain point, and this is what it says: -- More information Vanguard funds are not registered for sale outside the U.S. You must provide a U.S. address. Important information about opening a new account. The Vanguard Group Inc. and Vanguard Marketing Corpo...
by cherijoh
Sun Sep 17, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Pension - cashout?
Replies: 6
Views: 624

Re: Pension - cashout?

Both from the same former employer, I switched to different formulas. B) is typical 80 point plan A) is alternative plan. Not really sure about formulas or inflation options, I believe taking early has large penalties for 80 point. It was never a large enough amount to really research the details. ...
by cherijoh
Sun Sep 17, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Pension - cashout?
Replies: 6
Views: 624

Re: Pension - cashout?

Not sure if this is the right forum for the question - I guess new rules have allowed cashout of pension so I am seeking advice on best path forward. I have 2 pensions, one I can cash out any time (A) and planned to wait for a downturn. Another I just got an offer (B). Plan would be roll over to 40...
by cherijoh
Sun Sep 17, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: To Refinance or not to Refinance
Replies: 17
Views: 1336

Re: To Refinance or not to Refinance

1. Waiting until 2018 is another possible option. 2. I would have an EF of about 5 months. Not including my wife's income. 3. I have about a little bit over 3 years left on the car loans. I make extra payments every month. 4. The payoffs are about $14k and $22k. 5. According to their calculation de...
by cherijoh
Sat Sep 16, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 56
Views: 4792

Re: Turned down for umbrella insurance

It could also be an issue with the gap in coverage the umbrella policy is covering over and above your auto and homeowner's policies. If you owned relatively modest cars and home relative to your total net worth, they might consider it too much risk exposure. Whereas if you already have a homeowner...
by cherijoh
Sat Sep 16, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: To Refinance or not to Refinance
Replies: 17
Views: 1336

Re: To Refinance or not to Refinance

Debt to income ratio too high and they are basing my income on 2016 W2 not 2017 projected income. I think it is typical to look back to a full year's income. An individual paystub could reflect short-term overtime. If you received a considerable pay bump in 2017, then the solution may be to wait un...
by cherijoh
Fri Sep 15, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited 401K - required minimum distributions or lump sum?
Replies: 9
Views: 857

Re: Inherited 401K - required minimum distributions or lump sum?

Hello, I have done a lot of reading about inherited retirement accounts but I can't find the answer for my specific situation. 1. I inherited a 401K in 2013 at Vanguard. 2. Since inheriting, all I've done is change the account to my name. 3. I've received 3 RMDs so far and have 51 estimated years l...
by cherijoh
Fri Sep 15, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 3759

Re: Advice Badly Needed---Meeting with Financial Advisor

Thank you all for confirming what I was thinking in the back of my head during the meeting! This guy had an answer for everything, but I'm sure that's part of the training. I think I'm going to spend the next month or so doing some reading and studying up on my own to make sure I am fully informed ...
by cherijoh
Thu Sep 14, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roll pre age 55 401k into new 401k and quit before 59
Replies: 3
Views: 320

Re: Roll pre age 55 401k into new 401k and quit before 59

What are the "gotchas" to look for when rolling over into a new 401k? I would say fund choices, expense ratios, and withdrawal options. Presumably you would be making withdrawals over an extended period of time and don't want too much drag on the account from poor fund selections or high ERs. Choic...
by cherijoh
Thu Sep 14, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 56
Views: 4792

Re: Turned down for umbrella insurance

A couple of mysteries resolved, hopefully will help others in my position: - When I called back to get the CLUE report, they told me the original submission was done in error, that the phone agent should have attached information on net worth but did not. They did ask me for a reason, which I state...
by cherijoh
Thu Sep 14, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: Are Cotton Blankets Good For Winter?
Replies: 21
Views: 1489

Re: Are Cotton Blankets Good For Winter?

It's hard to generalize since there are variables in climate, room temperature, and personal preference. A blanket or comforter that is too heavy is not comfortable to me and other materials than cotton such as wool or down or even polyester fleece seem to be warmer by weight but there are other fa...
by cherijoh
Thu Sep 14, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about home purchase in a 55+ community?
Replies: 26
Views: 2224

Re: Questions about home purchase in a 55+ community?

6. HOA fees are currently set at a reasonable $210 per month and were told that since this project would go for another 10-12 years, that we could expect the HOA fees to remain the same over that span. I would not count on that. In fact, if they do not raise them, I would be concerned as it may lea...
by cherijoh
Thu Sep 14, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: Are Cotton Blankets Good For Winter?
Replies: 21
Views: 1489

Re: Are Cotton Blankets Good For Winter?

It's hard to generalize since there are variables in climate, room temperature, and personal preference. A blanket or comforter that is too heavy is not comfortable to me and other materials than cotton such as wool or down or even polyester fleece seem to be warmer by weight but there are other fa...
by cherijoh
Wed Sep 13, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Option to freeze outgoing ACH at Vanguard?
Replies: 6
Views: 985

Re: Option to freeze outgoing ACH at Vanguard?

If someone gained access to both your bank accounts and VG accounts then worrying about the current linkage between the accounts is the least of your worries IMO. Focusing on having good unique passwords for each account and avoiding phishing attempts are your first lines of defense.
by cherijoh
Mon Sep 11, 2017 7:03 am
Forum: Personal Finance (Not Investing)
Topic: New Mobile Phone number - Now hounded by Collection Agencies
Replies: 38
Views: 3138

Re: New Mobile Phone number - Now hounded by Collection Agencies

Recently retired and moved back to home state. Our old mobile provider had poor reception so we signed up with a new mobile provider. We wanted our phone numbers to reflect our new location so both of us got new mobile phone numbers. My new mobile number is good, however my wife is constantly getti...
by cherijoh
Mon Sep 11, 2017 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 2625

Re: Social Security bend points/early retirement estimates

...at age 67. I plan on working 10 more years at the least Not trying derail your topic, but may I ask the reason you plan to work until afe 77 or beyond? Thanks I think you misread the post. I interpreted skao99's post to mean that he is considering retiring before his FRA of 67 but wants to calcu...
by cherijoh
Mon Sep 11, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 2625

Re: Social Security bend points/early retirement estimates

Billionaire wrote:
Sun Sep 10, 2017 9:03 am
Are there any explanations why my manually calculated PIA benefit is about $200.00 higher than the amount stated on my SS statement?
Did your salary exceed the maximum salary that was taxed for SS any of those years? Any excess salary doesn't count in you benefit calculation
by cherijoh
Sun Sep 10, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Capital gains in retirement with no earned income: Is this right?
Replies: 8
Views: 784

Re: Capital gains in retirement with no earned income: Is this right?

Perhaps you have a bum calculator. I got 0 using one. Try some others and get a majority vote. A few things to check.......your income (gross) is 70K. See line 13 of the 1040 which is capital GAINS.......it is not proceeds from stock sale. Your taxable income is your AGI less deductions and exempti...
by cherijoh
Sun Sep 10, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Moving Deduction from Remote to Desk Job at Two Different Companies
Replies: 7
Views: 640

Re: Moving Deduction from Remote to Desk Job at Two Different Companies

Hi all, I previously moved from a remote position where I worked 230 miles from HQ to a new job at a new company 10 miles from old company HQ. My commuting distance was zero as a remote employee. My new job is 240 miles from my former home where I worked remotely. I moved as a result of the offer a...
by cherijoh
Sun Sep 10, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Preparing To Adjust 401k To Three-Fund Portfolio
Replies: 11
Views: 904

Re: Preparing To Adjust 401k To Three-Fund Portfolio

It looks like the 2 low ER funds from Aegon are collective trusts (i.e., private mutual funds) - one says "balanced" and the other says "cash management". I would look at those holdings and see if they might work. The "cash management" fund could be a stable value fund which could act as a fixed inc...
by cherijoh
Sat Sep 09, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2102

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by cherijoh
Sat Sep 09, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Credit Card....need to send Drivers License/SS Copies?
Replies: 12
Views: 1137

Re: Applying for Credit Card....need to send Drivers License/SS Copies?

Anyone ever have to send in copies of drivers license/SS card to get a credit card? Applied online, no immediate approval, then received a letter saying they needed those plus copy of utility bill w/ current address to continue the process. No guarantee of approval either. Called them and they said...
by cherijoh
Sat Sep 09, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2102

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by cherijoh
Fri Sep 08, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 90
Views: 6546

Re: Bosch dishwasher?

Assuming CR has data for 10 years on the Bosch, all that is saying is if you had purchased that Bosch 10 years ago, you would have bought one which has stellar reliability data. CR really does NOT have the reliability data on the today's Bosch. That is point which people are just not getting it. Th...
by cherijoh
Thu Sep 07, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 8338

Re: Protecting moms assets from nursing home expenses

The attorney set up a trust 'for the children' which holds the house. I'm the trustee and will use the house if necessary to help my mother. That is pretty risky however, as I could just run off with the house. We know you wouldn't do that as LadyGeek would kick you out of here! You were warned! Bu...
by cherijoh
Thu Sep 07, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: How to Consider Pensions in Allocation Planning
Replies: 8
Views: 641

Re: How to Consider Pensions in Allocation Planning

Hope I'm posting this in the right forum. I'm new here and like what I've read about the 3 fund concept. I'm 71, retired for 9 years, single, and have only one child who will inherit my assets. The career provided a very good, safe government pension that will end when I die. I live on this and sti...
by cherijoh
Wed Sep 06, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 8338

Re: Protecting moms assets from nursing home expenses

Another way, as accurate in my opinion, is asking how to have the taxpayers fund her nursing home expenses so that her family can have and keep her funds. I completely understand the sentiment, and mostly agree with it. But, i do sometimes question whether this is really any different than say mana...
by cherijoh
Wed Sep 06, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 5369

Re: What is the main purpose of holding your current job?

OP, 1.5 -> I like my job but not so much that I am willing to work for free. I work from home. No commute. Plenty of free time for exercise. Pretty decent pay. KlangFool +1 On average I'm a 1.5, but it probably ranges from a 1.25 to 1.75 depending on the current project and the business partners in...
by cherijoh
Wed Sep 06, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth. Is it listed on 1040 as IRA Distribution?
Replies: 51
Views: 2036

Re: Backdoor Roth. Is it listed on 1040 as IRA Distribution?

Believe me, I'm now in the process of finding a new CPA. He's been doing this for like 40 years, but this and a few other issues are the straw that has broken the camel's back for me. So on my 1040, line 15a has "IRA Distributions" Since my wife and I both made a max back door Roth contribution, sh...
by cherijoh
Mon Sep 04, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Denied for Citi Double Cash, but no record of application?
Replies: 17
Views: 1770

Re: Denied for Citi Double Cash, but no record of application?

Since my promotional rewards rate on my Suntrust cash back card has expired, I thought it would be a good time to get a Citi Double Cash card. However, I recieved a rejection message. I called the application support line to learn why and was told there was no record of my application. :annoyed Has...
by cherijoh
Mon Sep 04, 2017 7:52 am
Forum: Investing - Theory, News & General
Topic: Taxable account, all about retirement
Replies: 23
Views: 2697

Re: Taxable account, all about retirement

OP - Putting all your taxable money in cash equivalents with 10 - 15 years until retirement and no identified purchase in mind seems overly conservative to me. Keep in mind that without a mortgage payment you can simply fund a lot of spending out of cash flow. Good point, we will have extra cash fl...
by cherijoh
Sun Sep 03, 2017 3:48 pm
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3595

Re: Things to buy/repair before (early) retirement

DrGoogle2017 wrote:
Sun Sep 03, 2017 11:32 am
I bought brand new car and brand new house 2 years before I retired. Now they are getting to the stage that we need minor fixing.
Buying the house while still working makes sense if there is a mortgage involved. Hopefully by the time you retire you can pay cash for the car.
by cherijoh
Sun Sep 03, 2017 12:14 pm
Forum: Personal Consumer Issues
Topic: repairman broke washing machine, what would you do?
Replies: 42
Views: 3941

Re: repairman broke washing machine, what would you do?

I think you've reached your "life expectancy" with the washer: Reference.com says: Q: How long does a washing machine last? A: It is believed that most washing machines made in the 2000s will last for approximately 7 years while washing machines made earlier, in the late 1900s, will last for approx...
by cherijoh
Sun Sep 03, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: repairman broke washing machine, what would you do?
Replies: 42
Views: 3941

Re: repairman broke washing machine, what would you do?

Would you just ignore it if your car started making a new sound and still ran fine? Change in noise level of any machinery merits maintenance. You could find a relatively inexpensive problem that if neglected could become a catastrophic failure. Of course one option would be to run the noisy machin...
by cherijoh
Sun Sep 03, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: How can I take advantage of a low-income year?
Replies: 23
Views: 1935

Re: How can I take advantage of a low-income year?

To do the conversions (my preference) I would convert to less than the top of the 15% tax bracket($37,950) and sell enough in taxable to pay the conversion taxes while still staying in the 15% bracket. In that way you can sell some in taxable without any tax and still convert a lot. For example, it...
by cherijoh
Sun Sep 03, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: How can I take advantage of a low-income year?
Replies: 23
Views: 1935

Re: How can I take advantage of a low-income year?

Given that my AGI will be zero, it seems like the best approach to contributions is to put $18k into a Roth 401(k) and $5k into a Roth IRA this year, irrespective of the tax gain harvest vs. TIRA conversion question. Would you agree? Would your employer plan allow you to just dump $18k into a Roth ...
by cherijoh
Sun Sep 03, 2017 7:50 am
Forum: Investing - Theory, News & General
Topic: Taxable account, all about retirement
Replies: 23
Views: 2697

Re: Taxable account, all about retirement

Hello, My wife and I will be fortunate to pay off our mortgage shortly and been thinking about investing that payment into a taxable account. We view the taxable account as potential pre-retirement spending although nothing specific planned. We are also and thinking it should have a more conservati...
by cherijoh
Sat Sep 02, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 121
Views: 11220

Re: How I use I-ORP, and who shouldn't

Withdrawal Strategies — I suspected the usual default of most of the planners was not optimum for us. Most planners are static in emptying first taxable accounts, followed by 401K and IRA, and leaving ROTH accounts to the end of plan. This is the "default" only for the uneducated planners (of which...
by cherijoh
Mon Aug 28, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 104
Views: 10189

Re: 85/15 too aggressive at age 35?

That (age-20 in bonds) is at the upper end of my reasonable allocation zone, assuming retirement at 60 - 65. +1 OP - If you are in doubt at all, now (while the stock market is near all-time highs) would be a good time to de-risk a little (e.g., 80/20). We are both 32 and about 85/15. Probably will ...
by cherijoh
Sun Aug 27, 2017 5:56 pm
Forum: Investing - Theory, News & General
Topic: Dividing retirement savings between taxable and tax-advantaged accounts
Replies: 13
Views: 1515

Re: Dividing retirement savings between taxable and tax-advantaged accounts

Also, I expect to have an income of about half my living expenses in retirement, not counting Social Security or savings. As I'm single, these other income sources will bring me close to the 25% tax bracket. Therefore I expect that withdrawals from tax-deferred accounts will be mostly taxed in the ...
by cherijoh
Sun Aug 27, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 90
Views: 6546

Re: Bosch dishwasher?

I bought this model a few months ago at Lowes. I like it for the most part although it took me a little while to figure out the best pattern to load it my use pattern - it was very different from my old cheapo builder-provided one. I pre-rinse since I usually only wash once or twice a week unless I ...
by cherijoh
Sun Aug 27, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7206

Re: School Redistricting - What should we do?

I'm a little confused by the statement that your area's growth has caused the redistricting, but that your home value has dropped significantly. Is that drop due to the redistricting? How big a difference is the school quality? Before making a big decision, may be worth trying to gather more data a...
by cherijoh
Sun Aug 27, 2017 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Advantages/disadvantages of using roth for nonretirement
Replies: 14
Views: 1331

Re: Advantages/disadvantages of using roth for nonretirement

One doesn't typically report their Roth contributions to the IRS. If you use TurboTax, for example, it may ask you about contributions, but it will not fill out a form for you. I believe that you can send in the form, though, if you wish. (8606?) The point to the above is that (by default) the IRS ...
by cherijoh
Fri Aug 25, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Really struggling: advice on accepting this new job offer?
Replies: 31
Views: 3031

Re: Really struggling: advice on accepting this new job offer?

I have a job offer on the table - comp is exactly the same as where I am today. Without getting into detail on personal finances, we are middle class in HCOL area, but we are in no means struggling. Retirement contributions follow boglehead expectations, 529's, insurances, etc, are all in place. On...
by cherijoh
Fri Aug 25, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 15809

Re: Jobs that pay over $100,000

Sales or Human Resources. Human Resources? I doubt it - the field has traditionally been "pink collar" which rarely means high salary! Sales is either feast or famine. If you are in the upper echelon of HR at a larger company, you can make >$100K. Most HR professionals do not. One doesn't make it t...
by cherijoh
Fri Aug 25, 2017 6:29 am
Forum: Personal Finance (Not Investing)
Topic: "Why do you want to come here?" Hiring Manager Question
Replies: 19
Views: 2928

Re: "Why do you want to come here?" Hiring Manager Question

I think the more honest you can be about your reasons for thinking you'd enjoy the area the better. Perhaps you grew up in a smaller city but moved to a large city for work, but you always wanted to go back to a smaller city if you could find the right job. If you have no legitimate reason that peo...