Search found 4843 matches

by cherijoh
Sat Aug 18, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 75
Views: 3218

Re: physics/math major looking for programmer/analyst job?

Hi, My nephew graduated a year ago from stony brook university with a 3.3 gpa with a double major in applied math and physics. He quickly came to realize there are very few job prospects within his areas of study and spent the last year learning how to code (java, python, sql). He's obtained a numb...
by cherijoh
Fri Aug 17, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3178

Re: Help with inheritance choice

Everyone seems to be approaching this as though the OP's parents will be gifting the money as soon as they update their wills. Not me. And you can't gift your IRA to anyone while you are living, not even your spouse. Is there any chance one (or both) of your parents will need to go in a nursing hom...
by cherijoh
Thu Aug 16, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2154

Re: Should I Max Out Tax-Deferred Accounts?

I'll have to respond to your post tomorrow or the next day. But for now, keep in mind that some of the responses that say "fill all your tax-deferred accounts" do not seem to understand the amount of money you are talking about. It is good advice for 1 plan or a couple with two plans total. You are...
by cherijoh
Thu Aug 16, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3178

Re: Help with inheritance choice

Hi, My parents who are in their early 80’s have offered me the choice of inheriting 1 million from their TIAA retirement account or 1 million from their bank account CD’s upon their passing. I understand that the retirement account is not taxed yet, it will need required distributions based on my l...
by cherijoh
Thu Aug 16, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Quote from Electrician
Replies: 46
Views: 2640

Re: Quote from Electrician

Are you not allowed to use battery operated smoke detectors (like so: https://www.homedepot.com/p/Kidde-Battery-Operated-Smoke-Detector-with-Wire-Free-Interconnect-3-pack-RF-SM-DC/206093602)? Please don't tell me that you live in a city that legally requires hard-wired, interconnected smoke detecto...
by cherijoh
Thu Aug 16, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 5693

Re: Terminating an employee with company car

I'd evaluate whether you really need to terminate with immediate effect. That would give them time to turn over the car with a ride home already lined up. The way it generally works with associate attorneys at large law firms is that they are told that they are being given 1-6 months (depending on ...
by cherijoh
Tue Aug 07, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: DAF, would you ?
Replies: 21
Views: 1221

Re: DAF, would you ?

For a charity I am actively involved in (International educational, health, reforestation, agriculture, sanitation, etc.) I would be interested in promoting employer matching. Is there a list somewhere? A list of employer's that do matching gifts? I know some charities have lists of companies that ...
by cherijoh
Tue Aug 07, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 68
Views: 5415

Re: are mccormick gourmet spices better

For those recommending Penzey's spices, could you list your top 3-4 favorites from there? I see Vietnamese cinnamon in a few comments; looking for more. For baking, I like their vanilla extract, vanilla sugar, and cinnamon sugar. For cooking, my favorites spices are roasted garlic, smoked paprika, ...
by cherijoh
Tue Aug 07, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 68
Views: 5415

Re: are mccormick gourmet spices better

hello, are mccormick gourmet spices better than the regular mccormick spices? how about compare with simply organic? or 365 brand? i enjoy finding good spices to cook. but i am also curious why mccormick stock has gone up so much recently. thanks. Order online . Search for Penzy’s Spices. Wonderful...
by cherijoh
Tue Aug 07, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 109148

Re: Anyone regret paying off mortgage early?

No, I will not pay off my mortgage early. I am at 2.5% fixed. I rather grow my portfolio than wasting the opportunity cost to build wealth. That "sense of security" is too costly. Smart decision. I'm always amazed at the number of people who buy into the "guaranteed return" argument and then compar...
by cherijoh
Tue Aug 07, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 109148

Re: Anyone regret paying off mortgage early?

No, I will not pay off my mortgage early. I am at 2.5% fixed. I rather grow my portfolio than wasting the opportunity cost to build wealth. That "sense of security" is too costly. Smart decision. I'm always amazed at the number of people who buy into the "guaranteed return" argument and then compar...
by cherijoh
Tue Aug 07, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 109148

Re: Anyone regret paying off mortgage early?

No, I will not pay off my mortgage early. I am at 2.5% fixed. I rather grow my portfolio than wasting the opportunity cost to build wealth. That "sense of security" is too costly. A friend of mine paid off his house rather than saving for FIRE. All of his net worth is sitting still in home equity a...
by cherijoh
Tue Aug 07, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?
Replies: 75
Views: 4876

Re: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?

...The DAF has the responsibility to determine that all grants are to qualified charities. They don’t accept your word for it and I’ve seen them go to considerable lengths investigating the proposed grantee to determine it is a qualified charity. Gill My experienc exactly with the DAF I have set up...
by cherijoh
Sun Aug 05, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?
Replies: 75
Views: 4876

Re: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?

If it is a 501c designation it is deductible one way or another. If not then no. Good luck. Have you read my earlier posts? Gill Thank you for the correction. Just looked it up. If it is >$250 you have to prove it AND must show you did not receive anything in return. So NO in this case you can not ...
by cherijoh
Sat Aug 04, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bag with bank information goes missing (from bank)
Replies: 20
Views: 1457

Re: Bag with bank information goes missing (from bank)

I can remember when customers at the bank would have the bank include their telephone number and Social Security number on their printed checks. Gill I once lived in a state that used Social Security Number as the driver's license number, so when a merchant asked to see your license and wrote the n...
by cherijoh
Sat Aug 04, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Trade 3.5% guaranteed for something else?
Replies: 14
Views: 1755

Re: Trade 3.5% guaranteed for something else?

Hi Nate - Is this relevant? It's kind of personal to disclose how I ended up with this account, but it is what it is. I'm happy to provide relevant details, so please do let me know if I'm leaving something important out of the story. I think these are relevant details in addressing your original p...
by cherijoh
Sat Aug 04, 2018 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4664

Re: How many years till FIRE? Which path would you choose?

- 150K/yr x25 = 3.75MM. - your NW: 1.8MM - 1.1MM = 0.7MM. - adding 270K/yr, at 5%. probably <10 years. - likely making hay while the sun then leaving CA is the most optimal path. Do you seriously expect a 70/30 AA to yield a 5% real return (i.e., after inflation)? That sounds overly optimistic to m...
by cherijoh
Sat Aug 04, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4664

Re: How many years till FIRE? Which path would you choose?

Emergency fund: 3 months expenses Debt: 1.1M mortgage (3.6%) <-- Is that how much you owe now or the original mortgage amount? How many years left until you retire the mortgage? 20k school loans (2.8%) <-- How long until these are paid off? Tax Filing Status: Married Filing Jointly Tax Rate: 37% Fe...
by cherijoh
Sat Aug 04, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3620

Re: Do you think I am being too conservative on buying a house?

If you have a condo in that area that you are planning on selling for <$100k, you do not live in an expensive area by any stretch of the imagination; very much the opposite. What you are proposing is a lot of home for the current household income, even by non-boglehead standards. It will become eve...
by cherijoh
Sat Aug 04, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: UK vacation help
Replies: 15
Views: 706

Re: UK vacation help

This would be a very good tour. Did not realize you can fly into Inverness (other than by changing planes in the UK). Edinburgh is one of my favourite international airports, it has to be said (complete with a light rail all the way there, although a cab is not too expensive). I don't think you can...
by cherijoh
Sat Aug 04, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: UK vacation help
Replies: 15
Views: 706

Re: UK vacation help

Howdy all! Wife and I are planning a fairly short notice trip to the UK in about 5 weeks. Debating between doing Ireland, Scotland or both. We have 9 days, 2 of which will be travel days so really 7 total days to spend. My inclination with that short of a timeframe is pick one country to avoid wast...
by cherijoh
Sat Aug 04, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3620

Re: Do you think I am being too conservative on buying a house?

Yes, I do know what childcare costs. It’s certainly no cheap. We will save a bit on childcare because the fiancé is a teacher so we won’t be needing childcare for the summer months. But it doesn't sound like you know how it works. If you want to keep your place at a quality daycare for infants and ...
by cherijoh
Sat Aug 04, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3620

Re: Do you think I am being too conservative on buying a house?

If you have a condo in that area that you are planning on selling for <$100k, you do not live in an expensive area by any stretch of the imagination; very much the opposite. What you are proposing is a lot of home for the current household income, even by non-boglehead standards. It will become eve...
by cherijoh
Sat Aug 04, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3620

Re: Do you think I am being too conservative on buying a house?

I have things set up in such a way that we are way over paying on the mortgage and gaining $1850 a month in equity. We are paying ahead on the student loans as well but to a lesser degree. I don't think you have thought this through properly. For one thing with those rates, you should definitely be...
by cherijoh
Fri Aug 03, 2018 4:25 pm
Forum: Personal Consumer Issues
Topic: Digital Subscription Nightmare - PSA
Replies: 24
Views: 1393

Re: Digital Subscription Nightmare - PSA

In 2017, I briefly ordered and later cancelled, a digital subscription to the Washington Post. A year later, an unauthorized subscription was charged to a debit account linked to my Amazon payments account. I disputed it, Amazon removed it. I tried to get future charges stopped by contacting both t...
by cherijoh
Fri Aug 03, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Hitting Milestone Early, and the Fiancee Response!
Replies: 20
Views: 4047

Re: Hitting Milestone Early, and the Fiancee Response!

That is a good suggestion cherijoh. I think I have this covered as we have discussed numerous times what happens if I predecease her. In fact, I've prepared a very detailed and lengthy "what to do if something happens to me" word document (it's 7-8 pages long) which she has read several times. We h...
by cherijoh
Fri Aug 03, 2018 9:04 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 11445

Re: 3 Levels of Wealth

Ben Carlson's article, "The 3 Levels of Wealth", http://awealthofcommonsense.com/2018/08/the-3-levels-of-wealth/, made me think about having enough to retire even though it was more about growing income inequality. Carlson describes the 3 levels of wealth posited by Stewart Butterworth, the founder...
by cherijoh
Fri Aug 03, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: How to calculate Real Estate in your Asset Allocation
Replies: 20
Views: 2157

Re: How to calculate Real Estate in your Asset Allocation

Returning to this topic, I've had an AA of 85/15 and just introducing my first SFH direct RE venture. My first thought is that rental income belongs in the Fixed Income category, so it should share the bond space, and I should plan along the lines of keeping 85% in stocks, 7.5% in bonds, and around...
by cherijoh
Fri Aug 03, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: best place to hide a key
Replies: 63
Views: 4676

Re: best place to hide a key

On/near a car when leaving it to hike or do activities. We seem to need it about once or twice a year at least. Even if we do our best, the key is lost or someone needs access etc. Magnetic key holders we've used hiding them in the usual spots i'm sure everyone has tried-wheel wells, bumpers. What ...
by cherijoh
Fri Aug 03, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Hitting Milestone Early, and the Fiancee Response!
Replies: 20
Views: 4047

Re: Hitting Milestone Early, and the Fiancee Response!

In 2014 we started taking fiances and investment more seriously. We ended that year with 19k invested. Last week we hit 103k invested, with our goal for this whole year being to get to 100k. When I told my fiancee about this milestone the response I got was a monotone, disinterested sounding "Yay."...
by cherijoh
Fri Aug 03, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Pay Down Question
Replies: 37
Views: 2014

Re: Credit Card Pay Down Question

How much would you be willing to sacrifice/eat in interest while paying down a CC (24.74% APR) before pulling from something like a Roth IRA? I'm advising someone to bite the bullet and eat some interest versus pulling from their Roth IRA which they are intending on doing, They have about 11k in CC...
by cherijoh
Fri Aug 03, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Pay Down Question
Replies: 37
Views: 2014

Re: Credit Card Pay Down Question

Whatever behavior got this person into 11K in high-interest rate CC debt needs to change. And IMHO the path of scrimping for several months is more likely to change that behavior than the withdrawal from the IRA. +1. Roth is easy way out.What’s the plan when they find themselves in cc debt again? K...
by cherijoh
Fri Aug 03, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Pay Down Question
Replies: 37
Views: 2014

Re: Credit Card Pay Down Question

They need to be working on their credit score. Something else is happening for them to get that high of rate - of course maybe they were late on a few payments, that could do it. We moved ours over to 0% transfer offers but they probably don't have that choice. Not necessarily ... I have a good cre...
by cherijoh
Fri Aug 03, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6034

Re: Co - signed a Mortage, Now wants out

I recently was interested in transferring a deed without changing the mortgage (to buy my parents out). No luck. We had to refi. You'll have even less luck since you want to alter who is on the mortgage note. Unless you shopped for the rare "assumable" loan 6 years ago, there is no way but to refi....
by cherijoh
Thu Aug 02, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 160
Views: 7885

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I've purchased the flights/hotels for a trip to Italy from Costco Travel, using a Costco Citi Visa credit card. The card provides trip cancellation insurance up to $3,000/person, which is sufficient if one of us gets ill. However, it doesn't provide medical evacuation insurance, and I'd have to pur...
by cherijoh
Wed Aug 01, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6167

Re: Nervous about not using a personal wealth manager. How do I do this myself?

If you really need some hand holding until you feel you have a handle on everything, try using vanguard pas for 0.3% plus very low cost funds instead of the .9% plus 1% fund fees. Once you have educated yourself, then drop pas. Alternatively, get a fee only planner that you pay for a tune up when y...
by cherijoh
Wed Aug 01, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 6076

Re: Effect of Current Income on Decision to Retire Early

So my question to the community is: at what percentage of current income (or savings) relative to overall retirement assets, does continued working become not worth the effort? This is assuming that one neither hates nor loves one's job; all other non-financial factors are neutral. For example, ass...
by cherijoh
Wed Aug 01, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14199

Re: Net worth of $3.7M at age 47 - can I retire?

My main reason for suggesting paying off the mortgage is cash flow. Your income needs drop from $150k plus taxes, down to about $116k plus taxes. And at that level, you could possibly drop into the 12% tax bracket, which would drop your long term capital gains rate to 0%. lets say $100k comes from ...
by cherijoh
Wed Aug 01, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14199

Re: Net worth of $3.7M at age 47 - can we retire?

This forum, in my opinion, is notoriously conservative. That’s neither good or bad, just a fact. Filter the responses accordingly Are there any other, less conservative, investment forums you can recommend? I find myself feeling very financially conservative and would love to hear opinions of other...
by cherijoh
Wed Aug 01, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14199

Re: Net worth of $3.7M at age 47 - can we retire?

This forum, in my opinion, is notoriously conservative. That’s neither good or bad, just a fact. Filter the responses accordingly Are there any other, less conservative, investment forums you can recommend? I find myself feeling very financially conservative and would love to hear opinions of other...
by cherijoh
Wed Aug 01, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14199

Re: Net worth of $3.7M at age 47 - can we retire?

A Roth conversion ladder might be a benefit for some, but it will not make too little money into enough money. This poster does not have enough money to retire now unless there is a considerable reduction of expenses. Some people are looking at net worth instead of spendable money. This is not accu...
by cherijoh
Wed Aug 01, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14199

Re: Net worth of $3.7M at age 47 - can we retire?

Where did you get $2.5MM? I came up with just over $2M. Did you include home equity? You are right about the Roth ladder, but with the OP having $100K + in ordinary income/yr before any Roth conversions, this strategy wouldn't exactly be cheap for them to put in play. I just did $3.7M - $850K (valu...
by cherijoh
Tue Jul 31, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14199

Re: Net worth of $3.7M at age 47 - can we retire?

Aristotelian, I think you missed the fact that included in that 3.7M is home equity, $1M in other real estate, the kids college funds, etc. Liquid assets are $800K in cash, $380K in a brokerage acct, $110K in Roth IRA, and $725K in 401k/trad IRA. Remember that using your Trad IRA/401k means ordinar...
by cherijoh
Tue Jul 31, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14199

Re: Net worth of $3.7M at age 47 - can we retire?

@cherijoh - with no additional principal payments, mortgage would be paid off in 21.5 years, or early 2040 (vs Feb. 2042 with no extra payments in the original loan amount) Perhaps one solution is to do a mix of both - invest the cash into the market on a consistent weekly or bi-weekly DCA basis, a...
by cherijoh
Tue Jul 31, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11807

Re: Joint Ownership of home with second wife

There are lots of ways for couples to operate financially but personally I can’t imagine not being a 50/50 partner in buying a house, and that’s directed at your fiancé, not you sir. I'd add the caveat that both partners have similar incomes. If the OP had earned 3x what his fiancé earned then I th...
by cherijoh
Tue Jul 31, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14199

Re: Net worth of $3.7M at age 47 - can we retire?

I think you are fine, it's just a matter of detail. Paying off the mortgage takes your portfolio down to $3.2M while reducing your spending to $116k. That gives you a nest egg of about 28X expenses. I think that is pretty solid. If you or your wife can work part time, move to a lower cost area, or ...
by cherijoh
Sun Jul 29, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Firecalc Says No Benefit to a Higher Equity Asset Allocation??
Replies: 47
Views: 4510

Re: Firecalc Says No Benefit to a Higher Equity Asset Allocation??

OP, I read it a bit differently than the others. The graph seems to suggest that you hit the high point (probability of success) once you reach roughly 65% equities (35% fixed income). So to me I'd question why you'd want to increase your equities above that level, as it is not meaningfully increas...
by cherijoh
Sun Jul 29, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Firecalc Says No Benefit to a Higher Equity Asset Allocation??
Replies: 47
Views: 4510

Re: Firecalc Says No Benefit to a Higher Equity Asset Allocation??

Clear benefits....with no additional risk. Seems like an easy call: 100% equities. WOW...if true. Does that pass the sanity test - 100% allocation to equities in the midst of Sequence of Risk period. I would love for this to be true It may be true, but are you sure that it addresses the question yo...
by cherijoh
Fri Jul 27, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford it"?
Replies: 42
Views: 3928

Re: Yet another "can I afford it"?

I'm reaching out to the internet masses to make me feel better about a potential purchase. While my wife feels this is somewhat silly, I really respect the boglehead community's opinion! The statistics: 1.5M allocated for retirement, divided between taxable and pre/post-tax accounts, invested 60/40...
by cherijoh
Wed Jul 25, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 9516

Re: Dealing with HOA Notice

Perhaps some allow the board to withhold parking/pool privileges but again I don't know of any. Yes, that's the sort of thing that I meant was explicitly allowed, not making up penalties on the fly. Some boards have the right to restrict usage of amenities and even cut off utilities if bills aren't...