Search found 4976 matches

by cherijoh
Sat Dec 15, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: Adult Games / Board Games - Recommendations
Replies: 27
Views: 892

Re: Adult Games / Board Games - Recommendations

Ace1 wrote:
Sat Dec 15, 2018 6:09 pm
Fishandgolf
Highly recommend “Mexican Train Dominoes”.
Great for groups of 4 to 8.
Ace
I like Mexican train - a friend has it and it is fun for a group and flexible (i.e., don't need even numbers).
by cherijoh
Sat Dec 15, 2018 6:32 pm
Forum: Personal Consumer Issues
Topic: Adult Games / Board Games - Recommendations
Replies: 27
Views: 892

Re: Adult Games / Board Games - Recommendations

During the Holidays we always get together with family and friends...all adults .......usually several different gatherings during that time. Each year we play a few games....some board type games (Catch Phrase, Pictionary, Scattergories, etc.).....a few trivia type. We're running out of new ideas....
by cherijoh
Sat Dec 15, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 31
Views: 2427

Re: Can I retire

SS will be $2400 per month at 67 We will also get a combined UK Pension of around $1000 per month at 67 (assuming the GBP is worth anything then) One thing to be aware of is that unless you are using a sophisticated SS calculator, your estimate probably assumes that you continue to work until 67 at...
by cherijoh
Wed Dec 05, 2018 10:48 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8612
Views: 1679460

Re: U.S. stocks in freefall

by 2050 being a millionaire will be like telling someone today that you drive a 2 year old Camry. Nothing wrong with that, but not exactly impressive either. That's a little hyperbolic unless you think that inflation is going to run double or triple digits for an extended period of time. As it stan...
by cherijoh
Wed Dec 05, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6779

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

My county accepted ‘pre-payment’ of 2017 taxes in 2017 (We typically pay previous year’s property taxes in January of the following year). This helped, as I was able to get that tax deduction in my 2017 tax return. This year, they are not accepting ‘pre-payment’ for 2018. Therefore I cannot show an...
by cherijoh
Tue Dec 04, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Reuqesting Help With Managing of Winnings
Replies: 37
Views: 3677

Re: Reuqesting Help With Managing of Winnings

One other question. I just had an accountant tell me that since I would be making such a large payment to the IRS now for 2018, that they may charge me interest because I did not make those payments through the course of the year. I obviously did not know I would need to make those payments until r...
by cherijoh
Tue Dec 04, 2018 4:49 pm
Forum: Investing - Theory, News & General
Topic: Today was a good day to be diversified
Replies: 21
Views: 4290

Re: Today was a good day to be diversified

Today’s performance: VTI: -3.3% (Total US Stock) VXUS: -2.4% (Total Int Stock) VWO: -1.9% (Emerging Markets) VWOB: +0.1% (EM Bonds) BND: +0.2% (Total US Bonds) VGLT: +1.6% (Long Term Treasuries) EDV: +2.6% (Extended Duration Treasuries) VTI is almost identical to where it closed on Jan 2nd. And it ...
by cherijoh
Tue Dec 04, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Silly 401k Question: Roll out rollover?
Replies: 9
Views: 731

Re: Silly 401k Question: Roll out rollover?

I know that I can't roll out my pre-tax contributions or my employer's contributions while I'm still employed. However, I rolled my account from my previous employer's 401k into my new employer's 401k, and they promptly reworked their fee structure in an unpleasant fashion. Do I have the option to ...
by cherijoh
Tue Dec 04, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: What to negotiate in offers
Replies: 45
Views: 3177

Re: What to negotiate in offers

I work as a hiring manager for professionals.. When I see a nearly 50% base pay increase, my initial thought is to be cautious about how you ask about a lot of other things. If there's no equity at either company, this makes the decision easier. Vacation/Paid Time Off should be outlined in the offe...
by cherijoh
Mon Dec 03, 2018 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Out of Stocks to Pay Off Mortgage
Replies: 73
Views: 5032

Re: Out of Stocks to Pay Off Mortgage

We are at the point where we are seriously considering selling off stocks to pay off our mortgage. Background: - Husband and I are mid-30s - About $200k left on mortgage (at 4.625%) - Have a little over $230k in taxable account - Have considerable invested in 401k and IRAs which won’t be touched as...
by cherijoh
Mon Dec 03, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Out of Stocks to Pay Off Mortgage
Replies: 73
Views: 5032

Re: Out of Stocks to Pay Off Mortgage

At the risk of being skewered alive, one benefit to paying off mortgage is to not pay for homeowner's insurance going forward. Others are: 2. Fewer assets exposed to creditors, suers (if home is under 250-500k) 3. Simplicity 4. Higher risk adjusted return (Do you hold ANY bonds yield under 4.65%? E...
by cherijoh
Mon Dec 03, 2018 6:18 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal rate age 90&86
Replies: 14
Views: 1110

Re: Withdrawal rate age 90&86

Why are you concerned that the principle will go down? Isn't that the idea behind retirement funds - to spend them? The Wiki VPW chart suggests somewhere between a 8.5% and 9% withdrawal rate for an 86 year old (the younger of the two is used), depending on asset allocation. But that is with the in...
by cherijoh
Mon Dec 03, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Renting out 1st first home; how to get mortgage for second?
Replies: 40
Views: 3322

Re: Renting out 1st first home; how to get mortgage for second?

Are you planning on buying before you rent out? Essentially, yes. We want to be approved to buy before we get the rental situation finalized. Considering your income, what would be your debt to income ratio if you consider both mortgages but not the rental income? that might have more sway in getti...
by cherijoh
Mon Dec 03, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 125
Views: 11344

Re: Retirement itch- when did you get it?

For those counting on access to 401k at 55, if you have not already, check with HR department or plan custodian to verify your plan withdraw options. The DW only had option at 55 with seperation to withdraw entire amount, roll to IRA, or leave it at previous employer. Federal law allows penalty fre...
by cherijoh
Mon Dec 03, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 125
Views: 11344

Re: Retirement itch- when did you get it?

It made me wonder, when did a notion about early retirement in your head become an itch, or even an urge? I started my professional career at a company that offered a pension and had a generous 401k match. The company had a "rule of 85" which allowed you to retire with full pension benefits at 55 i...
by cherijoh
Sun Dec 02, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: My kid's retirement
Replies: 49
Views: 3388

Re: My kid's retirement

An allowance for your kid does not count as earned income. Doing chores around your yard also doesn’t count. I agree. But I frequently get flyers from teenagers in my neighborhood advertising lawn mowing, leaf raking, power-washing driveways etc. I think a business like that could qualify if there ...
by cherijoh
Sat Dec 01, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Lost in Trees on Roth conversion and IRMMA
Replies: 16
Views: 1341

Re: Lost in Trees on Roth conversion and IRMMA

Basic facts are as follows: MFJ, retired with both 65 and on SS (took at 65 due to various factors) In 22% bracket now and will pop up to 25% at RMD time if taxes revert to previous levels for MFJ Rate will increase to 28% or so for single filer depending on conversion amounts State taxes remain at...
by cherijoh
Sat Dec 01, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: For those of us that can't max contribute
Replies: 43
Views: 2645

Re: For those of us that can't max contribute

I would assume those debts are car loans, if so then the first thing I would do would be to refinance the car loan at a lower interest rate. For example PenFed has them at 3.49%. A local credit union likely has similar rates. Interesting. I assumed they were student loans. One federal and one priva...
by cherijoh
Sat Dec 01, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig: Here come some big tax bills for [active] investors
Replies: 4
Views: 1297

Re: Jason Zweig: Here come some big tax bills for [active] investors

I read the article, and realized I may well be not understanding something very basic. An individual liquidates his fund shares. He pays capital gains tax on his liquidated fund shares. The fund sells individual stocks so the individual can liquidate his shares, and all fund participants participat...
by cherijoh
Tue Nov 27, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard email : Conversions to Roth IRAs can no longer be reversed
Replies: 10
Views: 985

Re: Vanguard email : Conversions to Roth IRAs can no longer be reversed

Hi, I generally do the recharacterization to Roth IRA as my income is above limit. I put the money in Traditional IRA at the beginning for the year and then move the money to Roth IRA account in Vanguard. However, I received below email. Just want to confirm if I can still do the above going forwar...
by cherijoh
Tue Nov 27, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 59
Views: 12079

Re: IRS tax letter triggered by Turbotax's 8606

I don't know if there was a bug or not and maybe we will never know. This thread does demonstrate one thing very clearly in my opinion. If a person does not know what this form is supposed to look like, it's not hard to send the IRS a wrong one. This is why I keep hounding people to work through it...
by cherijoh
Tue Nov 27, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 59
Views: 12079

Re: IRS tax letter triggered by Turbotax's 8606

"I use tax software so that I don't have to understand any tax forms nor read any instructions. If I had to read iRS instructions and review my tax return, then that would defeat the whole purpose of using tax software." My sympathy for these people is less than zero. This isn't like a W-2 person w...
by cherijoh
Tue Nov 27, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 59
Views: 12079

Re: IRS tax letter triggered by Turbotax's 8606

Interestingly, the tax letter was for the 2015 return, not 2016. I just checked 2016, and lines 16-18 (Part II) of the 8606 are filled out correctly. Of course I can't specifically remember how I answered the questions in 2015, but I remember having a great deal of trouble reporting the backdoor Ro...
by cherijoh
Tue Nov 27, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: 25k Bonus - Tax Consequences?
Replies: 20
Views: 2339

Re: 25k Bonus - Tax Consequences?

Good news is I am going to be getting a 25k bonus this year - I just don't know what my "total" tax consequences will be on this amount. None of this money will be going into my 401k A few details. . . State of residence: CA Married Filing Jointly Income (His+Hers pre-bonus): Approximately 110k Usi...
by cherijoh
Sun Nov 25, 2018 6:09 pm
Forum: Personal Consumer Issues
Topic: Is good, quality luggage worth the price?
Replies: 88
Views: 5541

Re: Is good, quality luggage worth the price?

I've previously been using a duffel bag for travel (domestic), though practical I have decided to purchase a rolling carry-on as I am doing more travel for work. I have seen a few threads about luggage but more so are about recommendations about actual brands. I'm pretty set on either the https://w...
by cherijoh
Sun Nov 25, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Countdown on 2018 tax planning
Replies: 8
Views: 1638

Re: Countdown on 2018 tax planning

Instead of your #2, open a donor advised fund and put multiple years of charitable contributions into it. If you aren't already hitting the 10k limit on state and local tax deductions, consider prepaying some of next year's property taxes. This assumes you can get an assessment before the end of th...
by cherijoh
Sun Nov 25, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: 401k catch up contributions paid as lump sum
Replies: 5
Views: 435

Re: 401k catch up contributions paid as lump sum

Can the entire $6000 catch up contribution (for those 50 and older) be paid as lump sum in one pay period? Let’s say for the first paycheck of January 2019, you designate $6000 as catch up. If stocks are still down in January, it might be an opportune time to do lump sum is why I’m considering it. ...
by cherijoh
Sun Nov 25, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: What’s your “barometer” for luxury purchases?
Replies: 72
Views: 5477

Re: What’s your “barometer” for luxury purchases?

But we do spend money on travel. We paid $300-$400/night to stay in nice hotels in convenient locations on a recent Europe trip. It was painful at the time of booking but ended up being worth it. For us . We considered business class for the flights but decided that an extra 8k wasn't worth it. Mig...
by cherijoh
Sun Nov 25, 2018 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum into a taxable account, with monthly withdrawals to pay down mortgage?
Replies: 12
Views: 1173

Re: Lump Sum into a taxable account, with monthly withdrawals to pay down mortgage?

Was wondering what the board might think about the following strategy to accelerate principal payments on a mortgage. In our particular case we have $450k left at 4.125% on an $850k home that's barely appreciated. Without any additional principal payments, we have roughly 19 years left. Our current...
by cherijoh
Sun Nov 25, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: Cheapest way to print large quantities
Replies: 4
Views: 404

Re: Cheapest way to print large quantities

I've never checked the prices, but the larger office supply stores have print services. Call them for a quote. Or see if there's a local printer still in business who could give you a quote. +1 Other options are UPS, Fed-Ex, and Kinkos. My local UPS store has self-use printers and offers volume dis...
by cherijoh
Sun Nov 25, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Spousal IRA
Replies: 12
Views: 696

Re: Roth Conversion for Spousal IRA

You should fill out a Form 8606 for the year you first made a non-deductible contribution, and for each subsequent year. You can download each year's form. These forms will track your basis which is your post-tax contributions. Read the Form 8606 directions carefully. You can send the forms for yea...
by cherijoh
Sun Nov 25, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Using unexpected income -- planning retirement and kids college
Replies: 12
Views: 1171

Re: Using unexpected income -- planning retirement and kids college

Long-time visitor and first-time poster here hoping to learn from the amazing collective expertise here. I had an unusual amount of income this year (which I'm not expecting to continue) so I'm sitting on a chunk of cash--this has prompted me to spend time strategizing how to use this money in addi...
by cherijoh
Fri Nov 16, 2018 5:21 pm
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6183

Re: Point and shoot camera

You might find this article of interest in figuring out which features to key in on when picking your camera. Unless you plan to do serious enlargements, any of the point and shoots give you enough megapixels these days. But some of the other features may make a big difference. Any reason not to co...
by cherijoh
Fri Nov 16, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k) (like) options during garden leave (non-competition period)
Replies: 7
Views: 610

Re: 401(k) (like) options during garden leave (non-competition period)

I’ll be on garden leave for a period which may cover all of 2019. As I’ve understood the subject, a person can defer payments from the former employer (making salary like payments during this period) to the former employer’s 401(k) plan only if the plan allows this. In my case, my former employer’s...
by cherijoh
Fri Nov 16, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: Foreign Currency
Replies: 24
Views: 1031

Re: Foreign Currency

(My first post, be nice!) We travel overseas fairly regularly. You will get best exchange at a bank at your destination, not in the US. If using ATM or credit cards, I found that Capital One credit and debit cards do not charge a foreign exchange fee, they exchange at the going conversion rate (mea...
by cherijoh
Sat Nov 10, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6183

Re: Point and shoot camera

The suggestions for a DSLR and mirrorless are on topic. A point and shoot is simply not worth it. That's why you never see them anymore. You're better off buying the latest smartphone or a real camera. As far as budget, a used or refurbished older camera is perfectly fine. Weird, i see point and sh...
by cherijoh
Sat Nov 10, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 6183

Re: Point and shoot camera

My old Nikon CoolPix just died, aged about 15 years. I need a new camera - yes, I know my phone takes pictures and it's gotten me some surprisingly good ones, but I want a camera. I am no photographer so a point and shoot will do just fine. Did a scan of the offerings on eBay and Amazon and don't u...
by cherijoh
Sat Nov 10, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Early withdrawal penalty ?
Replies: 9
Views: 506

Re: IRA Early withdrawal penalty ?

PFInterest wrote:
Sat Nov 10, 2018 9:08 am
others will chime in but i dont think so.
you could set up 72t withdrawals, but that likely wont be helpful if you dont need the money.
I don't think you can set up a 72t withdrawal plan after already taking the withdrawal.
by cherijoh
Sat Nov 10, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Early withdrawal penalty ?
Replies: 9
Views: 506

Re: IRA Early withdrawal penalty ?

I had some stranded dividends in my company 401K account and transferred the money to a taxable account. I didn’t have to pay the 10% penalty because it was a qualified non-penalized distribution made in the year I retired. I think your Fidelity account will be spared the penalty but your Merrill E...
by cherijoh
Sat Nov 10, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Growing into a house
Replies: 15
Views: 2315

Re: Growing into a house

I want to ask for others opinions/experience regarding "growing into" a house. The wife and I have 2 little ones (age 2 and newborn) with plan for 1 more. We live in a relatively LCOL area (TX suburbs) where there is a fair bit of new development. Currently income 250-300k, retirement savings at 20...
by cherijoh
Sun Nov 04, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: Dentist replaced crown a few months back and now I'm told the tooth needs to be pulled!
Replies: 49
Views: 3509

Re: Dentist replaced crown a few months back and now I'm told the tooth needs to be pulled!

This past summer, I went to the dentist because my back molar was bothering me. The dentist took an x-ray and said that I needed a new crown (no mention of root canal or the like). He put in a temp crown. - Two weeks later, the permanent crown arrived but it did not fit. - Two weeks after that, ano...
by cherijoh
Sun Nov 04, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k) (like) options during garden leave (non-competition period)
Replies: 7
Views: 610

Re: 401(k) (like) options during garden leave (non-competition period)

I’ll be on garden leave for a period which may cover all of 2019. As I’ve understood the subject, a person can defer payments from the former employer (making salary like payments during this period) to the former employer’s 401(k) plan only if the plan allows this. In my case, my former employer’s...
by cherijoh
Sun Nov 04, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5947

Re: Deal fell through and didn't get escrow money.....

From a practical standpoint, a contract contingent on the sale of the buyer's house is only half a contract anyhow. I agree that under most circumstances a contract contingent on the sale of the buyer's house is a bad deal for the seller. But there are exceptions. I signed a contract on a new const...
by cherijoh
Thu Nov 01, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5754

Re: Tax refunds expected to be 26% more in 2019

What's weird is I recall an article from a month or so ago saying that a certain percentage of americans hadn't withheld enough from their paychecks. Sounds like everyone should sit down and do a touch-base, which I'm sure many won't. :wink: Right now I have an $18 refund, which is as close as I ev...
by cherijoh
Wed Oct 31, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer - gut check
Replies: 54
Views: 7116

Re: First time home buyer - gut check

Don't be too quick to give up the carefree life of having your landlord on speed dial and weekends/income free to travel instead of deal with contractors, yard work, repairs, etc. Renting is not a panacea for all your home worries. We have to do all our own yardwork. Every time there is a major mai...
by cherijoh
Wed Oct 24, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: COBRA clarification (loophole?)
Replies: 13
Views: 1022

Re: COBRA clarification (loophole?)

Last day of employment - 8/3/18 Last day of healthcare coverage with employer 8/31/18 COBRA election deadline - 11/4/18 Initial premium payment due - 45 days after election New employer healthcare coverage effective 12/1/18 Question - Can I elect COBRA within the election deadline timeframe, wait t...
by cherijoh
Sun Oct 21, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Co-pay accumulators in new health plans
Replies: 35
Views: 2564

Re: Co-pay accumulators in new health plans

Filing an insurance claim without an actual monetary loss is a very common well known form of insurance fraud. The pharmacy files the insurance claim on your behalf. The insurance company pays its contracted share of the cost. The rest is the patient's responsibility. The drug manufacture pays all ...
by cherijoh
Mon Oct 15, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3707

Re: Not convinced with insurance

Basic employee life Insurance and accidental death and dismemberment (AD&D) Insurance from my employer While slightly better than nothing, because this would not pay if you died of a heart attack, cancer, stroke, etc. - I would not even count this in my insurance evaluation. I think you misread the...
by cherijoh
Sun Oct 14, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need guidance on charting next life steps
Replies: 27
Views: 2164

Re: Need guidance on charting next life steps

I am almost 32. DW is almost 30. No progeny so far. I work for a start-up and am in the final year of my STEM OPT after completing graduate studies. If I don't get a work permit next year, I will need to leave the country in July. This was my DW's final year of STEM OPT. She had a good job and her ...
by cherijoh
Sun Oct 14, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Better to invest in taxable and not deferred?
Replies: 31
Views: 3157

Re: Better to invest in taxable and not deferred?

There are two arguments against this that I know of. 1) If you put money into taxable now, you pay taxes on it now so less actually gets into the taxable account. If you put $10k into a tax deferred account, you have $10k in there - to be taxed at a later time when you hope your tax rate will be lo...