Search found 6573 matches

by cherijoh
Sun Jul 19, 2020 8:40 am
Forum: Investing - Theory, News & General
Topic: ??? about Jack's Don't Count on it! book
Replies: 3
Views: 577

Re: ??? about Jack's Don't Count on it! book

Unsurprisingly, after the fall, in the October 2002 issue of Money there were only four funds that did so. Don't know. How about four equity funds that advertised their performance? That might fit. Why pay good money to remind you that they lost ~80% of your money? Heck, you already know what their...
by cherijoh
Mon Jul 06, 2020 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10415

Re: Manager vs. Direct report salary issues

By the way, I see everyone in this thread using IC or individual contributor as common lingo. I've never heard that term before. Is it common in certain fields? A new buzzword? Admittedly I work in government now... I think it is quite common in STEM (Science, Technology, Englineering, and Mathemat...
by cherijoh
Mon Jul 06, 2020 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax: IRS Penalty for Underpayment of Estimated Tax
Replies: 5
Views: 333

Re: Turbo Tax: IRS Penalty for Underpayment of Estimated Tax

Housedoc wrote: Mon Jul 06, 2020 4:25 pm Good luck but it's your job to review withholding regularly.
+1
by cherijoh
Sat Jul 04, 2020 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10415

Re: Manager vs. Direct report salary issues

By the way, I see everyone in this thread using IC or individual contributor as common lingo. I've never heard that term before. Is it common in certain fields? A new buzzword? Admittedly I work in government now... I think it is quite common in STEM (Science, Technology, Englineering, and Mathemat...
by cherijoh
Sat Jul 04, 2020 7:05 pm
Forum: Personal Investments
Topic: The boring accumulation phase with an average salary
Replies: 26
Views: 3921

Re: The boring accumulation phase with an average salary

Emergency funds: One month expenses (~$5000) in checking, 4 months in a HYSA <-- I would aim to beef this up a bit Debt: $170,000 mortgage @ 3.00% just refinanced. Home value $255,000, payoff July 2050 Tax Filing Status: MFJ with a young child Tax Rate: 12% Federal, 3% State State of Residence: Pen...
by cherijoh
Sat Jul 04, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Lender is asking for 5 months of Property Taxes and Homeowner's Insurance. Is this normal?
Replies: 28
Views: 3068

Re: Lender is asking for 5 months of Property Taxes and Homeowner's Insurance. Is this normal?

Since property taxes are typically paid three months at a time, this does not seem unreasonable at all. You will find that there is a lot of latency and slop in the operations of mortgage servicers. It's actually good for you that they are certain to have the money on hand for THEM to fulfill YOUR ...
by cherijoh
Sat Jul 04, 2020 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Lender is asking for 5 months of Property Taxes and Homeowner's Insurance. Is this normal?
Replies: 28
Views: 3068

Re: Lender is asking for 5 months of Property Taxes and Homeowner's Insurance. Is this normal?

Hello Bogleheads, My bank is asking for 5 months of property taxes and insurance on our closing. We've been reading that it is typically 2 months for both. We're at the Final Disclosure stage and this number just seems STAGGERING. Any advice? Best, YWC If this amount is staggering, then it doesn't ...
by cherijoh
Sat Jun 20, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10264

Re: Disappointed in Fidelity 2% Cash Back credit card

makes one wonder if the cash earned is taxable in some form if the amount is significant. If one sets the cash to dump into a Fido brokerage account, does this show up on anyone's annual 1099 in a quirky way? there would have to be interest income to account for etc. I think credit card cash back (...
by cherijoh
Sun Jun 07, 2020 1:21 pm
Forum: Personal Investments
Topic: Once bitten twice shy
Replies: 14
Views: 2063

Re: Once bitten twice shy

I think it is a great fund for you. Agreed. Note that the pension allows you to take on more risk than you otherwise could, but also lowers your need to take risk. Of course, neither of those trump your ability to take risk. Did you mean "...neither of those trumps your willingness to take risk"? Y...
by cherijoh
Fri Jun 05, 2020 2:50 pm
Forum: Personal Investments
Topic: Considering Big 401K Withdrawal
Replies: 7
Views: 688

Re: Considering Big 401K Withdrawal

I would rent for 1 year. Doesn't sound like a good time to make big decisions and an expensive house/big mortgage might not be a great idea if you are retired/close to being retired. Let things simmer and maybe some different clarity will come. +1 What ties you to your HCOL area? I would also sugge...
by cherijoh
Fri Jun 05, 2020 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Just Fired - Pension and HSA questions
Replies: 33
Views: 4088

Re: Just Fired - Pension and HSA questions

This happened with my wife's great Fidelity 401k where she had left a decade earlier. January 2nd came around and we checked the page. There was a nice, shiny, new 0.5% administration fee that the employer decided to let us take care of. It was rolled to an IRA in less than a week. Where did you se...
by cherijoh
Fri Jun 05, 2020 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Just Fired - Pension and HSA questions
Replies: 33
Views: 4088

Re: Just Fired - Pension and HSA questions

Not FIRE but let go :? I have a couple of Pension and HSA questions: - I plan on rolling my pension into my 401k. My 401k is both Tax deferred and ROTH. Can I roll the pension into the ROTH portion of my 401k? - If so, how do I get taxed and would this be considered ordinary income? - The pension i...
by cherijoh
Mon Jun 01, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Another Round Retirement Plan
Replies: 60
Views: 4500

Re: Another Round Retirement Plan

Ok I’m going to start another thread about how much we will need to retire. Looks like we are going to fall short because of the possibility of 1 SS because one of us will outlive each other. For instance my dad passed away at 75 last August and my mom is getting his SS not hers because my dads was...
by cherijoh
Mon Jun 01, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 141
Views: 15499

Re: Chase reducing credit card limits

I received a similar letter from Chase the other day saying they were going to lower my limit on my SWA cc - was somewhat surprised as I do use this card each month for a minor subscription charge (Netflix) to keep credit fresh. Don't really need the extra credit but enjoy having plenty of availabl...
by cherijoh
Mon Jun 01, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 141
Views: 15499

Re: Chase reducing credit card limits

I recently received a similar letter from Chase. I never carry a balance on any credit card, ever. Credit score in the high 800s. Recently I purchased replacement windows for the whole house and used the Chase card. The cash back feature helped to pay for a couple of the smaller windows. I assumed ...
by cherijoh
Mon Jun 01, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 141
Views: 15499

Re: Chase reducing credit card limits

I have a Chase Freedom card and recently received a letter from Chase that states I have spent far below my available credit limit over the last 12 months and as a result will see a reduction to my limit by over 50% in 30 days. The reduction is quite drastic... from nearly $40K to the low teens. Th...
by cherijoh
Sun May 31, 2020 9:44 am
Forum: Personal Investments
Topic: Roth IRA for a minor child?
Replies: 40
Views: 2254

Re: Roth IRA for a minor child?

It is extremely rare for a teenager to be able to be properly classified as an independent contractor. They can almost never be considered to have the Behavioral Control, Financial Control and Relationship of the Parties necessary. Without getting into the definition of rare here, would teenagers w...
by cherijoh
Sat May 30, 2020 1:19 pm
Forum: Personal Investments
Topic: Leaving Employer; convert 401k balance to new 401k or roth IRA?
Replies: 11
Views: 753

Re: Leaving Employer; convert 401k balance to new 401k or roth IRA?

Hello Bogleheads! My wife (33) is leaving her employer and has a 401k balance of approx. $65k. It seems she has the option to transfer her existing 401k balance to a traditional IRA, roth IRA, or new employer's 401k plan. We do the backdoor Roth IRA every year so traditional IRA is not the ideal ac...
by cherijoh
Sat May 30, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 10518

Re: Simple jobs during FATFire?

Me and SO should be on track to FATFire around 45-50. However, I don't want to just sit at home at this time. In our 40s and 50s I would have worked 20+ years in software engineering and would have developed significant skills there to perhaps do something in that space. We are currently in our ear...
by cherijoh
Thu May 28, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 10518

Re: Simple jobs during FATFire?

Me and SO should be on track to FATFire around 45-50. However, I don't want to just sit at home at this time. In our 40s and 50s I would have worked 20+ years in software engineering and would have developed significant skills there to perhaps do something in that space. We are currently in our ear...
by cherijoh
Thu May 28, 2020 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Employer approval for a side gig
Replies: 43
Views: 2366

Re: Employer approval for a side gig

At my company, we terminate at least 5 or 6 people a year for not following company policy in terms of side businesses. It's really dumb (IMO) to risk you job by not informing the company. Out of curiosity... is that a mega corp? And what are the scenarios? When I was a manager at a mega corp, we h...
by cherijoh
Thu May 28, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Employer approval for a side gig
Replies: 43
Views: 2366

Re: Employer approval for a side gig

Looking for some basic advice here and thoughts on what sort of outcome I should expect. Per my employer's code of conduct, I must notify them of any type of ownership and/or employment with a secondary venture. I don't think you are asking permission (at least I wouldn't be). I think you would be ...
by cherijoh
Thu May 28, 2020 8:41 am
Forum: Investing - Theory, News & General
Topic: “WHEN YOU'VE WON the game, stop playing with the money you really need.”
Replies: 233
Views: 19586

Re: “WHEN YOU'VE WON the game, stop playing with the money you really need.”

Sounds like a statement of fear. I'm not a big fan of that approach. You leave a lot of money on the table when you put that many resources underneath your mattress. It works for the investor, but not so much for your loved ones when you are gone. You might want to read the underlying treatise that...
by cherijoh
Thu May 28, 2020 7:53 am
Forum: Investing - Theory, News & General
Topic: “WHEN YOU'VE WON the game, stop playing with the money you really need.”
Replies: 233
Views: 19586

Re: “WHEN YOU'VE WON the game, stop playing with the money you really need.”

I agree with that Tim wrote, in the sense I’m here mainly to be entertained far more that I am looking for ideas that will improve my portfolio. We are also in the category of having won the game, but we are still working and are 45/49 years old, so we are in no position to get very conservative wi...
by cherijoh
Wed May 27, 2020 12:35 pm
Forum: Personal Investments
Topic: How to invest Inherited IRA
Replies: 16
Views: 883

Re: How to invest Inherited IRA

Hello, I just inherited an IRA from an uncle who recently passed away. I have about $50,000 in it, and I'm wondering what the best way to invest this would be. My husband and I have an AGI of about $190,000, so we are right on the cusp of the 22-24 percent tax brackets. Since we have to have it emp...
by cherijoh
Wed May 27, 2020 12:19 pm
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 68
Views: 5906

Re: At what moment does retirement begin?

You might be surprised by the percentage of retirees who’s retirement wasn’t their decision at all. Covid will be one more thing that forces many to retire when it would have been their wish to wait. Forget the hour, minute or the second. Some would be off by years. I could be fired or laid off fro...
by cherijoh
Wed May 27, 2020 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Worst House on the best block?
Replies: 52
Views: 4562

Re: Worst House on the best block?

Hello all, DW and I are in the process of looking to buy our first home and in our price range (circa $300k in relatively HCOL area) we are forced to choose between nicer houses in undesirable partS of town and fixer uppers in desirable parts of town. So I just wanted to see if Bogleheads think the...
by cherijoh
Mon May 25, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: At what point can I back-out of a refi for a better rate?
Replies: 8
Views: 657

Re: At what point can I back-out of a refi for a better rate?

I’ve backed out of two refinances after signing documents and wiring money within 72 hours of signing. The documents you sign to back out are part of your final packet. Neither one of my home refinances required a home appraisal. The first one I paid the mobile notary fee (local mortgage broker), t...
by cherijoh
Mon May 25, 2020 3:56 pm
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 68
Views: 5906

Re: At what moment does retirement begin?

For your retirement, at what moment will it, or did it actually begin? Maybe the standard time is midnight just as the date changes, like on the New Year. But since it’s YOUR RETIREMENT you can pick the moment, correct or not? I’m thinking my retirement will begin at sunrise on the first day. I’m p...
by cherijoh
Mon May 25, 2020 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: At what point can I back-out of a refi for a better rate?
Replies: 8
Views: 657

Re: At what point can I back-out of a refi for a better rate?

We're in the process of a re-fi, I've recently signed a rate-lock, but we're awaiting underwriting because my wife went on maternity leave and her income has changed, and mortgage agent was concerned this would cause the underwriter to not process the loan. Simultaneously, our original mortgage bro...
by cherijoh
Mon May 25, 2020 2:16 pm
Forum: Investing - Theory, News & General
Topic: Has anybody heard of DriverLoan Investor Club?
Replies: 30
Views: 5806

Re: Has anybody heard of DriverLoan Investor Club?

Thanks for the quick reply and assessment. It definitely does look too good to be true. SEC link is indeed generic and have have run into the issues with K1 when investing in MLPs. Daily deposits seem to be an optional feature which may or may not be availed. FDIC risk can be managed if total of pe...
by cherijoh
Sun May 24, 2020 12:41 pm
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3710

Re: Do you dislike recurring billing for gyms?

Once gyms reopen, I was going to join LA Fitness. They have pretty good monthly rates, except... Recurring monthly charges must be paid by electronic funds transfer from your checking or savings account or automatic transfer from an accepted credit or debit card. There's no way I'm letting some com...
by cherijoh
Sat May 23, 2020 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39262

Re: The axe falls and I am prepared. What's next?

Our healthcare group has multiple hospitals, some acquired recently. Some of these hospitals use old technology. It has been announced that all hospitals will be on brand new technology from 2023. In the meanwhile we have retained some wise old men to keep the old technology functioning. The young ...
by cherijoh
Sat May 23, 2020 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39262

Re: The axe falls and I am prepared. What's next?

Folks, So, it happened. I will be laid off by the end of June. ... My question is 1) Is it really worthwhile for me to continue working? I worked in the IT area. If I want to stay in this area, I have to study 10 to 20 hours per week just to keep up with the latest technology. 2) If I do contract w...
by cherijoh
Sat May 23, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39262

Re: The axe falls and I am prepared. What's next?

Sorry about being laid off. FIREing with $1.4M at 50 feels a little lean to me. 3.5% withdrawal rate is $49K but you do get $15K from your wife's salary. So you're probably fine. If the market tanks again you'll be eating into your EF which will have to get replenished. I dunno, IT is still in dema...
by cherijoh
Sat May 23, 2020 8:39 am
Forum: Personal Investments
Topic: How to automate deductions from paycheck for investments while maintaining balanced portfolio?
Replies: 20
Views: 1113

Re: How to automate deductions from paycheck for investments while maintaining balanced portfolio?

I had a similar post about this last week (https://www.bogleheads.org/forum/viewtopic.php?f=1&t=314436) about this last week but had a lot of misunderstandings back then. I've since re-read some basics, fixed and confirmed my previous understandings, and taken a summary of my current portfolio. I a...
by cherijoh
Sat May 23, 2020 7:59 am
Forum: Personal Finance (Not Investing)
Topic: CapitalOne Venture would not forgive annual fee
Replies: 37
Views: 2482

Re: CapitalOne Venture would not forgive annual fee

Do I assume you actually paid the fee? This is entirely up to you and in your situation I would have said that it was sufficiently fair for them to charge the fee that I would hang onto the card and make a serious note on the calendar to cancel it about three months before the next fee, in order to...
by cherijoh
Sat May 23, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: CapitalOne Venture would not forgive annual fee
Replies: 37
Views: 2482

Re: CapitalOne Venture would not forgive annual fee

they saw me unnecessarily tying up credit lines that could be given to someone who spends more That's not how credit lines work. It's not a finite resource shared between a bank's credit card holders. See my other response. It isn't exactly a "finite resource" but it isn't free to the bank either b...
by cherijoh
Sat May 23, 2020 7:50 am
Forum: Personal Finance (Not Investing)
Topic: CapitalOne Venture would not forgive annual fee
Replies: 37
Views: 2482

Re: CapitalOne Venture would not forgive annual fee

This week was my one year anniversary of opening a CapitalOne Venture card. Annual fee ($95) was waived in the first year per agreement. Now that I'm on to my 2nd year, a $95 charge showed up in my account, as expected. I pay annual fees for other cards and do not mind doing so. I opened Venture an...
by cherijoh
Fri May 22, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: How can we do backdoor IRA as a family with a traditional IRA account
Replies: 10
Views: 635

Re: How can we do backdoor IRA as a family with a traditional IRA account

Just open a new traditional IRA account at a different institution. When doing a backdoor IRA, ALL accounts must be considered. Opening it at another institution has nothing to do with this, would not solve the problem. I do note that the traditional IRA held by husband might be considered modest i...
by cherijoh
Wed May 20, 2020 12:54 pm
Forum: Personal Investments
Topic: Really stupid question re: Capital Gains
Replies: 10
Views: 763

Re: Really stupid question re: Capital Gains

Dividends are realized gains, so you pay taxes on them when they happen. If you had them reinvested, that amount is now part of the investment, and will not count again in capital gains when those stocks are sold - only the gain will be taxed. Ok that makes sense, but how can I estimate those? In o...
by cherijoh
Tue May 19, 2020 4:55 pm
Forum: Personal Consumer Issues
Topic: Tea supplier comparison
Replies: 74
Views: 5864

Re: Tea supplier comparison

Find a supplier of loose leaf tea (or satchets that have loose leaf). Tea bags from places like Twinings tend to have leftover bits, so are generally much less flavorful and delicious as compared to loose leaf. Harney and Sons is one supplier that I like, but I also tend to drink green teas so don'...
by cherijoh
Tue May 19, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: investmenting books
Replies: 28
Views: 1660

Re: investmenting books

Looking for a book on index funds and general personal finance for my niece and her husband. Both in early 30s and doing well, but are using a high cost personal finance manager....charging 1% annual plus high expense ratio fees and 5.5% load funds. I know there was a Bogelhead book years ago (whic...
by cherijoh
Tue May 19, 2020 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Considerations: Marriage in your 50s/60s
Replies: 23
Views: 1920

Re: Financial Considerations: Marriage in your 50s/60s

... keep your finances separate. +1 I've seen three situations where a couple who had been happily married (second time around) for years. But when the couple were both advanced in years and increasingly in need of assistance for basic activities, the couple has separated and one has gone to live n...
by cherijoh
Tue May 19, 2020 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a boat during pandemic – am I CRAZY?
Replies: 80
Views: 5774

Re: Thinking of buying a boat during pandemic – am I CRAZY?

My wife and I have been going back and forth on purchasing a boat. We recently bought a new lakeside house, and I have been wanting a boat for a *long long* time. Am I crazy to think about this given the current economic climate? The boat I’m looking at is listed at 65k, and I’ve been going back an...
by cherijoh
Tue May 19, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fraud charges on Netflix using Bofa Card
Replies: 9
Views: 1121

Re: Fraud charges on Netflix using Bofa Card

Hi All, Someone has been using my Bofa card for their Netflix account. This has been going on for last 4 months and I did not notice. This month when I noticed, I contacted Netflix. They issued credit only for this month asking me to contact Bofa for last three months. When I contacted Bofa they pu...
by cherijoh
Sun May 17, 2020 3:30 pm
Forum: Personal Consumer Issues
Topic: 90%+ chocolate bar
Replies: 67
Views: 5077

Re: 90%+ chocolate bar

I noticed something, anything labeled "dark chocolate" does not have any milk. So even if it's 70-90% cocoa, it won't have any milk. The extra ingredient would be sugar. Does anyone know why there isn't even a little milk? Or why there isn't dark chocolate which is just cocoa + milk (no sugar), rat...
by cherijoh
Sun May 17, 2020 3:03 pm
Forum: Personal Consumer Issues
Topic: How did you feel after giving notice to retire?
Replies: 52
Views: 4543

Re: How did you feel after giving notice to retire?

I had some fleeting mixed feelings on my last day - they organized a very nice retirement party with a cake and decorated the conference room which I hadn't expected. But overall the feeling I had following my retirement was relief. My company was worse. There were two of us retiring at the same ti...
by cherijoh
Sun May 17, 2020 2:32 pm
Forum: Personal Consumer Issues
Topic: How did you feel after giving notice to retire?
Replies: 52
Views: 4543

Re: How did you feel after giving notice to retire?

Assume you have enough money to retire with a very conservative asset allocation. Is it normal to have conflicting thoughts? Second guessing yourself. Maybe about how much money you are leaving on the table. Feelings of separation and loss. Can anyone relate to this? Francis There is always money o...
by cherijoh
Sun May 17, 2020 1:46 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 4234

Re: Dual citizen, USA passport expiring, how to travel internationally

Looking for any advice & solutions. Family member: Born in USA (American citizen by birth) Has USA passport, expiring July 2020 Turned 18 two months ago, thus… Received last passport when under 18 years old (can’t renew by mail) Wants to travel to South America in August Is also a citizen of said S...