Search found 5474 matches

by cherijoh
Sun Apr 21, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: Traveling to paris and amboise next week
Replies: 13
Views: 726

Re: Traveling to paris and amboise next week

For something interesting in Paris, not far from the Louvre but actually in the 2nd arr., Google "paris covered passages" (without quotes). These arcades are hidden in several blocks of 19th century buildings just to the north of the Louvre and the Palais Royal. I discovered this part of Paris a fe...
by cherijoh
Sun Apr 21, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: Traveling to paris and amboise next week
Replies: 13
Views: 726

Re: Traveling to paris and amboise next week

I won’t comment on Paris because there are simply too many things to do and see there. Rick Steves’ Paris guide might be a good starting point. I'm headed to France week after next. A friend just pointed out that Rick Steves has a free app of audio tours for Europe. Download the app and then read t...
by cherijoh
Sun Apr 21, 2019 1:08 pm
Forum: Personal Investments
Topic: Tapping into Roth to buy a house
Replies: 20
Views: 1160

Re: Tapping into Roth to buy a house

Yes, at this point I own 2 rentals and a primary residence. The properties are in TX and the market is fairly stable - there are no massive booms and busts as in other parts of the country. The properties were purchased after the post-Great Recession recovery was underway, so I do not think that th...
by cherijoh
Sun Apr 21, 2019 12:53 pm
Forum: Investing - Theory, News & General
Topic: Cash Flow vs Appreciation - Same thing?
Replies: 16
Views: 642

Re: Cash Flow vs Appreciation - Same thing?

I am not sure. :) Can we assume it’s the same amount of cash you have invested in either scenario? I don’t want to make this about “REI vs Stocks” because of the many differences including using leverage for real estate. I was just curious about the arguments people make saying “real estate is real...
by cherijoh
Sun Apr 21, 2019 12:46 pm
Forum: Personal Investments
Topic: Tapping into Roth to buy a house
Replies: 20
Views: 1160

Re: Tapping into Roth to buy a house

Hello Bogleheads and Happy Holidays, Here is something I have been contemplating lately: Normally, I would never take money out of any retirement vehicles, but ... my wife and I are planing to purchase a house in the next 2-3 years and getting about 30K out of Roth would enable us to do so earlier,...
by cherijoh
Sun Apr 21, 2019 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Tips
Replies: 26
Views: 1391

Re: First Time Home Buyer Tips

My first home purchase was a condo. My advice is if the purchase involves a home owner's association get a copy of the by-laws and HOA financial report. Make sure you can live with the rules and check and see if there are "adequate" financial reserves. My former condo complex had a slew of issues th...
by cherijoh
Sun Apr 21, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: When to get attorney after car accident?
Replies: 16
Views: 1282

Re: When to get attorney after car accident?

I was rear ended on the highway. Thankfully not too much damage to the car and the only physical injury I was diagnosed with is concussion and whiplash. I live in Pennsylvania which means my medical bills are all covered by my own insurance company. However, the insurance company for the person who...
by cherijoh
Sun Apr 21, 2019 11:07 am
Forum: Personal Consumer Issues
Topic: Tips for getting the most out of your cruise?
Replies: 45
Views: 2482

Re: Tips for getting the most out of your cruise?

Good advice so far. If you are a light sleeper, pay attention to where your cabin is relative to the stairs and elevators. I try and get a cabin that is not close to either in order to reduce the late night noise. This means a little more walking, but honestly with all that food I needed the extra s...
by cherijoh
Sat Apr 20, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 38960

Re: Mr. Money Mustache, SWR, and equity allocation

The great depression essentially led to WWII, probably the most deadly single conflict in human history, what would a scenario worse than the great depression lead to? Nuclear war and annihilation, perhaps. Or widespread famine. Or moon colonization. Or maybe all of the above. Who knows? But isn’t ...
by cherijoh
Sat Apr 20, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 38960

Re: Mr. Money Mustache, SWR, and equity allocation

Nobody is saving saving money isn't important. But SWR just isn't defined well enough. Ask a dozen people what the saving rate for this person 150k income 30k taxes 30k 401(k) match 50k saved in portfolio 24k of principle on house paid down is and you will get a dozen different answers. Hence the l...
by cherijoh
Sat Apr 20, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 38960

Re: Mr. Money Mustache, SWR, and equity allocation

Yes, but do you realize that if you were employed to begin with, your chances of being employed following a recession are higher that if you were unemployed to begin with ? The chance of surviving a great recession starting from a 25X portfolio is much higher than starting it with a job and debt. L...
by cherijoh
Sat Apr 20, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 38960

Re: Mr. Money Mustache, SWR, and equity allocation

You don't have to work during the great depression, you can do something lucrative and decrease your SWR ahead of it. Huh? Do something "lucrative"? In the middle of the biggest economic meltdown in the history of the US? I think you would benefit from reading some history of this period. Just to p...
by cherijoh
Sat Apr 20, 2019 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 38960

Re: Mr. Money Mustache, SWR, and equity allocation

Personally, my position is that a longer life with lots of money is best. However, length of life it's outside one's control, so we are left with accumulating enough money to support the desired lifestyle as long as needed . Accumulating less with the idea that chances are one will die sooner will ...
by cherijoh
Sat Apr 20, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 38960

Re: Mr. Money Mustache, SWR, and equity allocation

You are right, sorry for misleading. But 1/3 of the people die with Alzheimers. My point was not necessarily the percentage but the fact that these percentages are a lot higher than the failure for SWR. Then people freak out from the completely wrong reasons. You appear to be ignoring the fact that...
by cherijoh
Fri Apr 19, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 38960

Re: Mr. Money Mustache, SWR, and equity allocation

I disagree. If someone is saving 10% for retirement, they're likely going to be retiring closer to traditional retirement age, and the availability of Social Security. They won't have as much of a gap to cover, may be able to use SS to reduce or eliminate the need to withdraw during bad market year...
by cherijoh
Fri Apr 19, 2019 9:51 am
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8063

Re: This could be the biggest risk that retirees face?

I agree on the use of annuities. (That is: SPIAs, aka "income annuities." Pure insurance). I just want to make one point. Traditional SWR studies used 30 year time horizons. "Living to age 100" implies a 35-year time horizon. It's not that big a difference. Only if you retire at 65. Some people may...
by cherijoh
Fri Apr 19, 2019 9:45 am
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 44
Views: 3356

Re: Fire my financial advisor now or later? (recent windfall help needed)

Here is what my financial advisor is proposing: - open 529 accounts for my kids, put $4k each kid from each spouse to get things going - invest the remaining $134k in a Merrill Lynch CIO Equity ETF aggressive growth fund - consider smaller amounts in some Leveraged Index Return Notes to "get alpha"...
by cherijoh
Fri Apr 19, 2019 9:00 am
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8063

Re: This could be the biggest risk that retirees face?

I agree on the use of annuities. (That is: SPIAs, aka "income annuities." Pure insurance). I just want to make one point. Traditional SWR studies used 30 year time horizons. "Living to age 100" implies a 35-year time horizon. It's not that big a difference. Only if you retire at 65. Some people may...
by cherijoh
Fri Apr 19, 2019 8:54 am
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8063

Re: This could be the biggest risk that retirees face?

I agree on the use of annuities. (That is: SPIAs, aka "income annuities." Pure insurance). I just want to make one point. Traditional SWR studies used 30 year time horizons. "Living to age 100" implies a 35-year time horizon. It's not that big a difference. Only if you retire at 65. Some people may...
by cherijoh
Tue Apr 16, 2019 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14036

Re: In Laws Retirement Nest Egg

I agree with the poster on page 1 who said the main problem here is that the OP and his ILs come from different socioeconomic status. Also from the rest of us on this board. That's the only thing I can come up with that someone thinks that you can't safely retire with a paid off house, Social secur...
by cherijoh
Tue Apr 16, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14036

Re: In Laws Retirement Nest Egg

Imagine raising your family and saving 700k on a modest income, plus a paid off house, retiring to a modest lifestyle and promptly having your kid’s spouse raising a stink because of worries you might eventually ask for money. Say congratulations and redirect the energy you’re spending thinking abo...
by cherijoh
Tue Apr 16, 2019 3:59 pm
Forum: Personal Investments
Topic: After Tax 401k
Replies: 26
Views: 1944

Re: After Tax 401k

:arrow: sangk and jyoung, How much money can you defer into the After-Tax 401k? My employer limits me to just 10% of my annual income, I am chomping at the bit. After-Tax 401k is actually a HUGE benefit!! Actually you should feel blessed that you have this option! If your employer is offering After-...
by cherijoh
Tue Apr 16, 2019 3:53 pm
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 88
Views: 6338

Re: What is your hobby and how did it come to be your hobby?

I’m looking for a new hobby and am curious as to what other Bogleheads have chosen, as well as how it came to be. My hobbies are travel and photography. My travel interest started in college when I did a school year abroard in Vienna. Lots of school breaks and cheap train tickets. I always had an a...
by cherijoh
Tue Apr 16, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: Home equity as % of AA
Replies: 41
Views: 2863

Re: Home equity as % of AA

To people who don’t want to consider home equity I ask: would an investment property equity count ? If not, would shares of a REIT count ? Also, the second one takes out a mortgage and doesn’t count the home value amongst assets, he becomes instantly poorer by an amount equal to the home price. Cle...
by cherijoh
Tue Apr 16, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: "When Adding to Your Retirement Account is a Bad Idea"
Replies: 29
Views: 3774

Re: "When Adding to Your Retirement Account is a Bad Idea"

From the article... [/While $2 million sounds like a lot—and it is; trying to save a few more tax dollars today can hurt you a lot later. In the example above the RMD the first year exceeds $500,000! I think he needs some work on his math. I get an RMD for that person of about $73k at age 70. The r...
by cherijoh
Tue Apr 16, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: "When Adding to Your Retirement Account is a Bad Idea"
Replies: 29
Views: 3774

Re: "When Adding to Your Retirement Account is a Bad Idea"

Basically, it's never bad. If it is bad, then do Roth conversions and then it isn't bad. The "RMD Problem" is dramatically oversold (usually by someone selling something) and has a simple solution. I agree. I have a few problems with the logic used to come up with the shocking $500K RMD at 70.5. Fo...
by cherijoh
Tue Apr 16, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: How would you handle work situation?
Replies: 16
Views: 1365

Re: How would you handle work situation?

Hello, I work for a Fortune 200 company in finance and pricing. My boss is brilliant and a hard worker but can’t keep staff. In my four years in the Dept he has churned 2 people. We are a small team of 3 people max. I am level II who has been training for III/Senior role as the current Senior perso...
by cherijoh
Tue Apr 16, 2019 6:57 am
Forum: Personal Consumer Issues
Topic: Women, How Much Do You Pay for Haircut
Replies: 76
Views: 3840

Re: Women, How Much Do You Pay for Haircut

The real question is, what is a good haircut worth to you? if you go somewhere else and you don't like how your haircut was done, was that worth the savings of an extra $7? Remember you're not going for the ambiance, you are going for that person's skill set. I wouldn't care if they were working ou...
by cherijoh
Sun Apr 14, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Home affordability - Can I afford it?
Replies: 22
Views: 2324

Re: Home affordability - Can I afford it?

Why is that people make plans based on a perpetual happy path? What happens if bad luck strikes your family - health, layoff, children develop issues that require a stay-home parent, etc. :thumbsup "Perpetual happy path" decribes the mindset of most posters of "can I afford it?" house threads perfe...
by cherijoh
Sun Apr 14, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Trust investment choices for a difficult beneficiary
Replies: 108
Views: 6096

Re: Trust investment choices for a difficult beneficiary

Unfortunately, so true . . . and unpredictable. This is why the book, "Beyond the Grave" by Condon is often recommended on this forum. Not so much for the legal technicalities but the wide variety of family and situational dynamics (both negative and positive) that it brings to light. While it may ...
by cherijoh
Sun Apr 14, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Home affordability - Can I afford it?
Replies: 22
Views: 2324

Re: Home affordability - Can I afford it?

Why is that people make plans based on a perpetual happy path? What happens if bad luck strikes your family - health, layoff, children develop issues that require a stay-home parent, etc. :thumbsup "Perpetual happy path" decribes the mindset of most posters of "can I afford it?" house threads perfe...
by cherijoh
Sun Apr 14, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Home affordability - Can I afford it?
Replies: 22
Views: 2324

Re: Home affordability - Can I afford it?

How much equity do you have in the current home/how much of a down payment are you planning to make? Sorry, forgot to include that. About $300k in equity in our current home. We would be looking to put about 25% down on the new place, basically the equity in our current home. How do you plan to fre...
by cherijoh
Sun Apr 14, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Trust investment choices for a difficult beneficiary
Replies: 108
Views: 6096

Re: Trust investment choices for a difficult beneficiary

Whenever I read threads like this it always makes me wonder how children from the same parents can turn out so differently. OP, you sound reliable and responsible - which is probably how you landed the role of trustee. Your brother, on the other hand, sounds like a disaster waiting to happen. (Sorr...
by cherijoh
Sat Apr 13, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 363
Views: 28534

Re: Smaller tax refunds this year? Clear explanation please

True, there will be some taxpayers who will end up paying more taxes overall (think highly paid professionals from NY, CA, MA), but that has nothing to do with the size of their refunds. Uh, those highly paid professionals from NY, CA, MA will not end up paying more taxes. Please explain. AMT chang...
by cherijoh
Sat Apr 13, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Trust investment choices for a difficult beneficiary
Replies: 108
Views: 6096

Re: Trust investment choices for a difficult beneficiary

Why does the trustee need to get the approval of the beneficiary? Does the trust recommend that? The fact that the beneficiary is "difficult" is irrelevant to the trustee doing the best job he/she can. Assume the beneficiary is not communicating with you (for decision-making purposes) and continue ...
by cherijoh
Sat Apr 13, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Trust investment choices for a difficult beneficiary
Replies: 108
Views: 6096

Re: Trust investment choices for a difficult beneficiary

As a devil's advocate position it would seem that simply turning over the entirety of the assets to the beneficiary would meet the terms of the trust. Note that as pointed out above using the assets to buy an annuity has the same result except that the interests of the remaindermen can be partially...
by cherijoh
Sat Apr 13, 2019 3:12 pm
Forum: Personal Investments
Topic: Confused regarding which year RMD is being taken, 2018 or 2019?
Replies: 5
Views: 558

Re: Confused regarding which year RMD is being taken, 2018 or 2019?

I'm the sole caregiver for my 90 year old mother and and am working on her taxes at this time using turbo tax. Mom's income is low so her federal taxes are usually no more than a few hundred at most. She's in Texas so no state income tax. My father died at the end of 2016. He had a small t-ira (abt...
by cherijoh
Sat Apr 13, 2019 2:56 pm
Forum: Personal Investments
Topic: Vanguard Roth IRA: Backdoor or what?
Replies: 26
Views: 977

Re: Vanguard Roth IRA: Backdoor or what?

Another term worth understanding is IRA recharacterization . That should pair nicely with the backdoor Roth process for you. I'm familiar with the term, but this is not allowed as of 2018. Recharacterizations are still allowed for your annual contributions. Traditional -> Roth or Roth -> Traditiona...
by cherijoh
Sat Apr 13, 2019 2:19 pm
Forum: Personal Investments
Topic: Vanguard Roth IRA: Backdoor or what?
Replies: 26
Views: 977

Re: Vanguard Roth IRA: Backdoor or what?

Another term worth understanding is IRA recharacterization . That should pair nicely with the backdoor Roth process for you. I'm familiar with the term, but this is not allowed as of 2018. Recharacterizations are still allowed for your annual contributions. Traditional -> Roth or Roth -> Traditiona...
by cherijoh
Sat Apr 13, 2019 2:08 pm
Forum: Personal Investments
Topic: Vanguard Roth IRA: Backdoor or what?
Replies: 26
Views: 977

Re: Vanguard Roth IRA: Backdoor or what?

Here you go from the source . It’s solely your responsibility, not Vanguard’s, to ensure that you end the year inbounds. Vanguard doesn’t know what your earned income is. The issue here is not excess contributions, Vanguard already stops me from contributing more than 6K, they have that limit for R...
by cherijoh
Sat Apr 13, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401(k) - Is this normal?
Replies: 35
Views: 1686

Re: Roth 401(k) - Is this normal?

The vast majority of people don't know that 401k/403b plans can have ROTH investments, or don't know what ROTH is. Some plans don't offer ROTH. Customers aren't screaming for this capability (not that NetBenefits cares what customers think). Rick, Net Benefits administers the 401k plan as it is set...
by cherijoh
Sat Apr 13, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401(k) - Is this normal?
Replies: 35
Views: 1686

Re: Roth 401(k) - Is this normal?

This normally would make me nervous as well. I'm not sure I'd trust them to keep it straight. It's good that you're tracking it separately. (I'd also strongly suggest you keep your statements from this account going forward.) However, this article seems to offer some guidance on how this money will...
by cherijoh
Sat Apr 13, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401(k) - Is this normal?
Replies: 35
Views: 1686

Re: Roth 401(k) - Is this normal?

My wife has a 403(b) and a 401(k) at Principal. She doesn't contribute to the old 403(b). I had our 2018 taxes done this year by our accountant/tax guy, due to a somewhat complicated inheritance I received last year. After these were done, he said we should stop funding the 401(k) and instead start...
by cherijoh
Sat Apr 13, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8123

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

The best reason to buy the Vanguard ETF rather than the mutual fund is if you were just starting out, and didn't have $3,000 to afford the minimum investment. In taxable, I own VTSAX as my domestic stock index fund and VEU as my international stock ETF. When I purchased VEU there was a noticable di...
by cherijoh
Fri Apr 12, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: A little confused on graded vesting
Replies: 10
Views: 585

Re: A little confused on graded vesting

I have always seen it as the same vesting percentage applies to all employer money. So once you're at 100% vesting, any new money that comes in is 100% yours immediately. Me, too. One way to check is to look at your statement or if you haven't been around long enough to be vested ask a more senior ...
by cherijoh
Fri Apr 12, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Any way I can hire my parents?
Replies: 45
Views: 2239

Re: Any way I can hire my parents?

If you hire him as an employee, you're on the hook for employment taxes (SS, Medicare, unemployment) reducing any tax advantage. If you hire him as an independent contractor, which he certainly would not be, you're asking for trouble. You do not have to pay unemployment insurance for parents. There...
by cherijoh
Fri Apr 12, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: Repair Bosch Dishwasher or Buy New?
Replies: 26
Views: 2127

Re: Repair Bosch Dishwasher or Buy New?

Are you in any way handy with a soldering iron? I have a similar vintage Bosch dishwasher with similar (same problem?) symptoms. It would also run a cycle for much longer than normal, never getting clean. Cleaned everything, checked all filters and pump. I had given up and was about to pull the tri...
by cherijoh
Fri Apr 12, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Repair Bosch Dishwasher or Buy New?
Replies: 26
Views: 2127

Re: Repair Bosch Dishwasher or Buy New?

Have an 8 year old Bosch dishwasher and it appears the heating element (or the heating relays) has died; water is totally cold when running, stuff on top rack isn't getting clean and stuff isn't dry (not just plastics, which it never dried). The question is -- repair, or replace? I figure the repai...
by cherijoh
Fri Apr 12, 2019 12:16 pm
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 89
Views: 7453

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION OPEN ANNOUNCEMENT

Wovenhearts, you will probably want a rental car to make best use of your time. I sent you a PM Agree that you'll want a car to get around. Some of those neat places mentioned are in the suburbs. I expect that I'm going to be driving in and have booked the Conference hotel starting Tuesday night. (...
by cherijoh
Fri Apr 12, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 89
Views: 7453

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS OPEN ANNOUNCEMENT

Mel Lindauer wrote:
Thu Apr 11, 2019 8:47 am
Hello Everyone:

WE'RE SOLD OUT AND REGISTRATIONS IS CLOSED.
Now I'm glad I had too much caffeine yesterday and was browsing Bogleheads before going to bed. :wink:

I got in just under the wire, after Mel posted his "90% full" message last night.