Search found 4752 matches

by cherijoh
Tue Jun 19, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Road trip Pennsylvania,Maryland,and DC
Replies: 42
Views: 1476

Re: Road trip Pennsylvania,Maryland,and DC

Ok,let’s skip Pittsburgh.I thought there might be a lot of stuff to see driving to Philly. We are adding a week to an already planned trip where we originally flew in to DC on Oct 2. We have never seen Maryand and the Philly area.I was also considering going to Delaware only because we are on a que...
by cherijoh
Tue Jun 19, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 96
Views: 6469

Re: Messy Divorce -- Forensic Accounting Help....

Given what I have read and making some educated guesses, I think your wife spent the money. I bet she has a credit card you don't know about. Perhaps that explains the periodic withdrawals of 2-5k... to pay down a credit card balance. If you have been running an affair for decades you are likely ra...
by cherijoh
Tue Jun 19, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 37
Views: 3125

Re: Do you cancel old credit cards?

Almost every penny I spend except the mortgage goes on a card. I time new cards to coincide with insurance, taxes, travel, remodeling projects, holidays with gifts etc. Sign up bonuses usually work out to around 10-15% return which will also cover some fees for card use. I prefer cash but I'm also ...
by cherijoh
Tue Jun 19, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: Carpet Installers- Tipping?
Replies: 13
Views: 530

Re: Carpet Installers- Tipping?

I have never tipped contractors of this sort - for example painters, appliance installers, etc. Not for a standard job. I would make an exception say for a mover if they managed to maneuver a big piece of furniture through an awkward corridor or up the stairs without dinging the walls. I don't think...
by cherijoh
Tue Jun 19, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 96
Views: 6469

Re: Messy Divorce -- Forensic Accounting Help....

I wouldn't assume that she stashed that money. It seems more likely that she spent it on something like vacations or rental of an apartment or for payments on a credit card you don't know about or similar. Perhaps it would be better to let the lawyer do whatever has to be done to get copies of the ...
by cherijoh
Tue Jun 19, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 96
Views: 6469

Re: Messy Divorce -- Forensic Accounting Help....

I'll spare you all that nasty stuff.....I am here for questions about financial infidelity, or hiding money. She and I both work, and always maintained separate checking and savings accounts, and split the family bills and big expenses between us. I never saw a bank statement for her in two decades...
by cherijoh
Tue Jun 19, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 60
Views: 2929

Re: Tracking spending before retirement useful for estimating retirement expenses?

Thanks for the thoughtful response. We are not likely to go from shopping at Target to Nordstroms. But, here are the many ways our lives will be very different: In our working, kid raising, years, we chose where to live based on availability of jobs, quality of school districts, etc.; other conside...
by cherijoh
Tue Jun 19, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 60
Views: 2929

Re: Tracking spending before retirement useful for estimating retirement expenses?

I think of our pre-retirement expenses as a baseline for our retirement expenses (now semi-retired). Once you have the baseline, then you make adjustments based on how your life will change once you are retired. So far, our expenses are similar or have changed in ways that were predictable. Trackin...
by cherijoh
Sun Jun 17, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax Strategy
Replies: 7
Views: 994

Re: Capital Gains Tax Strategy

Consider the situation where you will be liquidating a good chunk of (Vanguard mutual fund) stocks in the near future (in my case for a home down-payment). What tax strategy would you choose for selecting which shares to sell? 1) Minimize tax rate (sell only long-term capital gains with the lowest ...
by cherijoh
Sun Jun 17, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: A different theoretical view of SWR
Replies: 61
Views: 3330

Re: A different theoretical view of SWR

If you're like me and believe that churning calculations of historical market returns is not a useful exercise for predicting future returns, you're still left with everyone's problem: how to determine a SWR. From a theoretical perspective I've come to believe that over the long term reasonable inv...
by cherijoh
Sun Jun 17, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3400

Re: Standard buyer's remorse or poorly timed enlightenment?

Hi all! I'm a long time occasional lurker who's posting for the first time, so please excuse any poor etiquette. I'll try to give you the cliffs notes and can fill in the details if needed. In short, we recently bought a new home to fit our expanded family. We're 4 in total, ages 35, 35, 4, and 7 m...
by cherijoh
Sat Jun 16, 2018 8:32 pm
Forum: Forum Issues and Administration
Topic: Cancelation of Notifications
Replies: 11
Views: 722

Re: Cancelation of Notifications

yousha wrote:
Sat Jun 16, 2018 8:24 pm
I would appreciate help in finding out how to cancel notifications if it no longer needed by myself. I am a 80 year old vision impaired male who is not learned in technical language and would like simple step by step language. I thank you.
Cancel notifications of what?
by cherijoh
Sat Jun 16, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 150
Views: 15307

Re: Should I take possession of a certified mail?

I would not pay a deposit to a contractor. I would pay when the work is done to my satisfaction. I have paid some of the money up front to a painter for materials. I think it was 1/4 - 1/3 of the quoted price. The painter came highly recommended and did a great job. But apparently he'd been burned ...
by cherijoh
Sat Jun 16, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Should fixed income allocation necessarily change over the years?
Replies: 11
Views: 662

Re: Should fixed income allocation necessarily change over the years?

I'm in my late 50s and hope to retire, or at least be able to retire, when I'm 65. After a couple of years of reading and reflecting and fiddling, I arrived at an asset allocation with which I'm perfectly comfortable: 30% Fixed Income 35% US Equity 15% International Equity 10% US REIT 10% Berkshire...
by cherijoh
Sat Jun 16, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: I feel like selling my 3 fund
Replies: 63
Views: 6096

Re: I feel like selling my 3 fund

I started investing in Feb 2017 and Im ashamed to say that Ive already been thinking recently a lot about selling and going into fixed income for a couple of years because everyone is expecting a downturn. Im thinking I can sell now and get into something more stable until we are at the bottom of a...
by cherijoh
Fri Jun 15, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: $75,000 bonus - help me with my plan
Replies: 20
Views: 2285

Re: $75,000 bonus - help me with my plan

Hi everyone, Not sure if I am posting this in the correct area but mods can move it if needed. :) I am receiving a $75,000.00 pre-tax bonus (sales commission, to be specific) exactly one month from now and I am trying to plan on how best to utilize these funds. As a salesperson, I have a highly var...
by cherijoh
Fri Jun 15, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3528

Re: Non-alcoholic drinks for wedding

Check our this webpage for some possibilities.
by cherijoh
Fri Jun 15, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3528

Re: Non-alcoholic drinks for wedding

If you're going to serve soda (what in the world is pop?! :) ), I recommend seeing if there are any craft soda makers in your area. Lots of microbreweries also make soda, and it's relatively easy to buy a keg of craft soda--fruit sodas, root beer, etc. You can also rent "slushee" type machines you ...
by cherijoh
Fri Jun 15, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6240

Re: Taking $1M+ Long Term Capital Gains

I have accumulated over $2M LT CG. What is the best strategy to take the gains ? I am thinking 2018 will be the last bull year and I would like to unwind soon. What is the optimum LT CG that I should take in a year keeping in mind the tax brackets? The gains are in personally managed individual sto...
by cherijoh
Fri Jun 15, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8620

Re: I was rear ended and the other guy wants a payout!

What if a pedestrian darted in front of a car, and the driver had to stop suddenly. If you were behind this car, would you claim that you couldn't stop because the guy in front of you made a "sudden and unexpected stop"? Assuming I hit the car in front of me, yes, I would. And you think it would no...
by cherijoh
Fri Jun 15, 2018 6:18 am
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8620

Re: I was rear ended and the other guy wants a payout!

A little while back I was rear ended, the circumstances are this. I pulled out of a parallel parking space after checking to see that my side windows and mirrors were clear; after fully getting on the road and getting about a car length down, I see an old van barreling down the road in my rear view...
by cherijoh
Wed Jun 13, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 6965

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

I don't buy the idea that young people today will "mature" some day and discover their love of cul-de-sacs and two-car garages. Cities today are just objectively a much better place to live today than they were in the 70s and 80s, when Boomers were buying their McMansions. Crime rates of all types ...
by cherijoh
Wed Jun 13, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 6965

Re: Forbes: https://www.forbes.com/sites/josephcoughlin/2018/06/11/millennials-arent-having-kids-heres-why-thats-a-probl

1. This assumes that income keeps up with inflation. Though generally buying power stays the same. I think you missed KF's point. Overall salaries have NOT keep up with inflation on non-discretionary items like housing costs, health care, etc. Therefore purchasing power isn't the same - it just get...
by cherijoh
Wed Jun 13, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Social Security: Effect of early claiming on spousal benefit
Replies: 20
Views: 1521

Re: Social Security: Effect of early claiming on spousal benefit

You might want to check out Mike Piper's "Social Security Made Simple". You can find it for purchase on Amazon, but a free pdf version can be found here. He also has lots of good articles on SS on his blog Oblivious Investor.
by cherijoh
Wed Jun 13, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 78
Views: 5394

Re: Anyone with a paid off house drop homeowners insurance

I wouldn't, and I don't like paying for insurance. Can you raise your deductible? You've basically answered your own question. You are "terrified" of not having liability insurance and must have homeowner's insurance to get the liability insurance. I don't know why you are even thinking about dropp...
by cherijoh
Tue Jun 12, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: converting some traditional IRA to Roth
Replies: 45
Views: 2351

Re: converting some traditional IRA to Roth

Your scenario above is me, and has me thinking about moiving to Roth 401k contributions as long as I continue to work. I know it's heresy in these parts to suggest that I have "enough" in tax-deferred, but I kind of think I do. :D With DH's death, I have tax-deferred accounts currently worth $1.5 m...
by cherijoh
Tue Jun 12, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: converting some traditional IRA to Roth
Replies: 45
Views: 2351

Re: converting some traditional IRA to Roth

First, I'll just say that I'm all for tax-deferral. However, I've come to believe there can be too much unless one has a plan to handle it. A very large tax-deferred account will start coming home to roost at age 70.5 when RMDs start. The larger the account, the higher the RMDs. This can push a per...
by cherijoh
Sat Jun 09, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5343

Re: Another home thread: 2mil / 40K in taxes

+1 about SALT. I think the 10K ceiling on the property tax and income taxes as well as the 750K cap on mortgage dept will end up having a dramatic effect on New York, California and Illinois as people learn more about it and as it works its way through the system. Many know about it, but next year ...
by cherijoh
Sat Jun 09, 2018 3:20 pm
Forum: Personal Consumer Issues
Topic: Foreign language immersion daycare
Replies: 50
Views: 2548

Re: Foreign language immersion daycare

In regards to Au Pair. We had a VERY bad experience with this mode of childcare. We were lied to about the experience of the Au Pair and also about her being a non smoker. She clearly was a smoker, and lied on her application after being told that being a smoker would prevent her from going to some...
by cherijoh
Sat Jun 09, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Advice
Replies: 7
Views: 592

Re: TSP Advice

Hoping to get a quick read on recent changes to my TSP account; I do have other investments, but am trying to separate investment portfolios and use different strategies across them. Bi-weekly Contributions L 2040 -- 60.0% L 2030 -- 40.0% INCLUDES: $300 to Roth TSP; $455.56 to Regular TSP ($250 of ...
by cherijoh
Sat Jun 09, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Foreign language immersion daycare
Replies: 50
Views: 2548

Re: Foreign language immersion daycare

We are expecting our first child this fall and are exploring childcare options. We will likely have a nanny for the first year. The question is what to do after that. There are several high-quality daycares close to our jobs, and we are on the waitlist for one that comes highly recommended. However...
by cherijoh
Sat Jun 09, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: VMMXX (Vanguard Prime MM) risks
Replies: 71
Views: 7331

Re: VMMXX (Vanguard Prime MM) risks

Or just go with the Federal Money Market sweep account. There is a reason Vanguard used that fund for the sweep account instead of Prime money market. I am going to guess because of less risk. Actually it was switched due to a change in SEC regulations. Possibly tied to some other MM funds that jui...
by cherijoh
Sat Jun 09, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5343

Re: Another home thread: 2mil / 40K in taxes

At risk of not answering the original question and going off topic I want to share a story. I was very just out of college with my first job and visiting a the parents of a friend in Oak Brook, IL. This is a relatively affluent area with large houses (at least to me at the time). So I asked the dad...
by cherijoh
Sat Jun 09, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: ignorant question about fixed rate home equity loans
Replies: 18
Views: 1206

Re: ignorant question about fixed rate home equity loans

mouses wrote:
Sat Jun 09, 2018 7:57 am
I understand what you're saying. I hate to throw away money :-) but the difference between 3.74% and 3% is perhaps not worth the hassle.

Most of my "banking" is with credit unions, because they generally, at least in this area, offer better rates on CDs.
Are you qualified to join this other CU?
by cherijoh
Sat Jun 09, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: ignorant question about fixed rate home equity loans
Replies: 18
Views: 1206

Re: ignorant question about fixed rate home equity loans

depends on how much/often you plan to dip into the line, and for how much. $10k * .74 = $740 interest per year. x 5 years? You said "humongous" expense coming up. $50k? OTOH, if the HELOC is just for an emergency, in that you hope to not use it, then the cheapest admin/start up fees that you can ge...
by cherijoh
Sat Jun 09, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5343

Re: Another home thread: 2mil / 40K in taxes

These numbers are way way beyond my reach. If someone come along with a combined income in the range of $80k to $130k with the possibility of dropping it down to the range of $60k to $110k. With $100k in savings and wants a house in the range of $150k to $200k, I would say there is no problem buyin...
by cherijoh
Sat Jun 09, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5343

Re: Another home thread: 2mil / 40K in taxes

Yes, you can afford it but I don't know if I would want to buy a $2 million house if your wife's income drops by as much as you are planning. Not sure why the focus is on 40k in taxes and not the $2 million purchase and ongoing principal, interest, and maintenance payments. You are renting somethin...
by cherijoh
Sat Jun 09, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5343

Re: Another home thread: 2mil / 40K in taxes

Revisiting this again with updated stats. We are both 36, one toddler, one on the way and possibly more in the near future. We live in a very HCOL area. Houses we are considering are about $1.8-2mil with $30-40K in taxes. His income: ranges from minimum $500k - $800K (mostly closer to the lower num...
by cherijoh
Sat Jun 09, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Why does employer 401K has more limit than personal Roth IRA
Replies: 15
Views: 1363

Re: Why does employer 401K has more limit than personal Roth IRA

The reason I posted the question was, for people like us whose employer doesn't offer 401k plans. We are only allowed to open IRA and contribute 5500/year. If we want to contribute more towards our retirement, we have to do some regular investments. If you want to have access to a 401k, you have tw...
by cherijoh
Fri Jun 08, 2018 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my HELOC, Refinance or Invest
Replies: 18
Views: 1367

Re: Should I pay off my HELOC, Refinance or Invest

Someone correct me if I'm wrong but it was my understanding that HELOC interest is no longer tax deductible under the new law. Assuming that's correct, I'd be paying down that loan ASAP because a 7% after tax return will be hard to match with any alternative investment. From the IRS; “The Tax Cuts ...
by cherijoh
Thu Jun 07, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my HELOC, Refinance or Invest
Replies: 18
Views: 1367

Re: Should I pay off my HELOC, Refinance or Invest

About Us 42, 39 (50-52 Fire Goal) 2 Children (13 and 14) HCOL Area (Bay Area) Income $415/year Gross Salary (45% net savings rate) $750k/year net stock buy out for next three years Assets Retirement - $400k Taxable - $350k 529 - $200k Home Value - $1.5M Home Balance - $850k (Primary $589,000 4% 30y...
by cherijoh
Tue Jun 05, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA
Replies: 8
Views: 746

Re: Backdoor Roth IRA

Here is what to look for on your finished return with a backdoor Roth: On the front of the 1040 there is a line for IRA distributions (line 15 on 2017 forms). The field labeled 15a (total distribution) should show the total conversion amount; the field labeled 15b (taxable amount) should show $0 Th...
by cherijoh
Tue Jun 05, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 4929

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

Again thank for all the comments! I've been reading through all of them. One theme that comes up a lot is my high paying job. It's in a small company and if I ever leave for any reason I will have to take a pay cut to at mpst 80k. Is what is being said that is should never leave since it's high pay...
by cherijoh
Tue Jun 05, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Monthly "Auto Exchange" on Vanguard
Replies: 7
Views: 598

Re: Monthly "Auto Exchange" on Vanguard

Thanks Renue - but is there a way without the intermediary step of having it go from VMMXX to Settlement to VTSAX? With VMMXX being a money market, I thought I could eliminate having it go to settlement fund before buying VTSAX... You could definitely do that with the old platform, but I'm not sure...
by cherijoh
Tue Jun 05, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: New House or invest
Replies: 21
Views: 1855

Re: New House or invest

I'm not even out of my 7 year bankruptcy quite yet...I will be in August. I got approved for an FHA loan over 3 years ago. My credit is currently 720 with a bankruptcy still on it. Was much lower obviously after the bankruptcy. Was much higher before the bankruptcy. I'm pre-approved not only with a...
by cherijoh
Tue Jun 05, 2018 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA
Replies: 8
Views: 746

Re: Backdoor Roth IRA

With respect to tax software, there is always the possibility of answering one of the interview questions incorrectly. Whenever I am doing something new with my taxes, I print out the form and instructions so that I understand how it works manually and than double check the tax software for anything...
by cherijoh
Mon Jun 04, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Would like to bounce some ideas regarding renting a home or condo
Replies: 16
Views: 1177

Re: Would like to bounce some ideas regarding renting a home or condo

Odd that the house doesn't have appliances. Would the owner help towards the cost of those? I'd just be attentive to adding up the 'other' costs of home ownership, as a renter: things such as a needing to buy a lawnmower and other outdoor equipment, blinds, rugs, etc. etc. If you foresee continuing...
by cherijoh
Mon Jun 04, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on changing job to lower title for the experience?
Replies: 22
Views: 770

Re: Thoughts on changing job to lower title for the experience?

Currently I work in a bank as a Vice President. I love my job but it doesn't provide exposure to other areas I'm interested in. A recruiter reached out to me regarding an opportunity at another bank that will provide me with the opportunity to gain the experience I'm looking for. The thing is the n...
by cherijoh
Mon Jun 04, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: New House or invest
Replies: 21
Views: 1855

Re: New House or invest

I have about $275,000 in various investments/retirement in different Vanguard accounts. I'm in a home currently valued at about $400,000. I owe approximately $290,000. I'm not happy in this home...want something nicer. I have a little over $100,000 in cash which is doing nothing. I'm a little skitt...
by cherijoh
Mon Jun 04, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on changing job to lower title for the experience?
Replies: 22
Views: 770

Re: Thoughts on changing job to lower title for the experience?

Currently I work in a bank as a Vice President. I love my job but it doesn't provide exposure to other areas I'm interested in. A recruiter reached out to me regarding an opportunity at another bank that will provide me with the opportunity to gain the experience I'm looking for. The thing is the n...