Search found 6557 matches

by cherijoh
Sun May 31, 2020 9:44 am
Forum: Personal Investments
Topic: Roth IRA for a minor child?
Replies: 36
Views: 1838

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: 694

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: 151
Views: 9437

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: 151
Views: 9437

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: 2197

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: 2197

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: 232
Views: 17545

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: 232
Views: 17545

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: 780

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: 5554

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: 4330

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: 609

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: 5554

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: 609

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: 2252

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: 3424

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: 367
Views: 28652

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: 367
Views: 28652

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: 367
Views: 28652

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: 1069

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: 32
Views: 1871

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: 32
Views: 1871

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: 32
Views: 1871

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: 604

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: 739

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: 48
Views: 4124

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: 1523

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: 1840

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: 5339

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: 997

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: 4827

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: 4299

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: 4299

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: 3987

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...
by cherijoh
Sun May 17, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7440

Re: Does Delaying Social Security Deliver an 8% Return?

I know someone who plans to work till 70 but start taking benefits at 66. I think they would benefit from trying to not collect till 70 because they haven't invested with Boglehead principles and I don't think they have a lot in their retirement plan. I think they would benefit from that extra mone...
by cherijoh
Sun May 17, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7440

Re: Does Delaying Social Security Deliver an 8% Return?

For some odd reason, when it comes to SS benefits, most people want to take benefits as early as they can. But when it comes to determining how much to withdraw from their portfolio, they're afraid that they'll live to 110. :confused I'm not sure that those are the same posters, though! :wink: But ...
by cherijoh
Sun May 17, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7440

Re: Does Delaying Social Security Deliver an 8% Return?

It seems like if this is really true, it would create a great arbitrage opportunity. Retiree turns 62--financial institution pays them each month what they would have gotten from SS, plus say 4%. Then if and when the retiree turns 70, they receive the higher SS payments and pay the financial instit...
by cherijoh
Sun May 17, 2020 11:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 8628

Re: Vanguard Mutual Fund Platform EOL

For accounts, the only options are buy and sell . So the only way I could think of to ensure that I was selling and buying at the same price would be to keep cash in the Roth. Then sell VTSAX in the tIRA while simultaneously buying it in the Roth. Then after settlement in the tIRA do a Roth convers...
by cherijoh
Sun May 17, 2020 10:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 8628

Re: Vanguard Mutual Fund Platform EOL

Forgive my ignorance on this topic, but if one has a taxable brokerage account and wants any dividends to not automatically be reinvested and instead accumulate in a cash or settlement account, is this possible? That is the default if you don't have automatic reinvestment. I have a taxable brokerag...
by cherijoh
Fri May 15, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help with some job changes please!
Replies: 17
Views: 1297

Re: Help with some job changes please!

I would factor in the expected value of A's equity of being less than 10%. How does that change your calculus? What does your wife think? OP posted: (Company A total comp) = 1.12 *(Company B total comp) (Company A cash comp) = 0.85*(Company B cash comp) (Company A equity comp) = 1.4*(Company B equi...
by cherijoh
Fri May 15, 2020 4:42 pm
Forum: Non-US Investing
Topic: The Mighty USD
Replies: 47
Views: 3387

Re: The Mighty USD

jebmke wrote:
Fri May 15, 2020 4:38 pm
David Jay wrote:
Fri May 15, 2020 4:35 pm
Yes. It is virtually guaranteed to be stronger or weaker over the next 10 years.
Very possibly periods of strength intersperse with periods of weakness.
And against which currencies? It could become relatively strong against some and weaker against others at the same time!
by cherijoh
Fri May 15, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mountain cabin?
Replies: 24
Views: 3762

Re: Mountain cabin?

Hi, Thoughts from others would be appreciated. I am 56 yo, probably retiring in a few years. I’ll have approx 2.2mm in retirement and taxable accounts, plus house (650k), plus 45 acres mtn property in another state. No debts. Two teenagers w $400k in 529 accounts for college, grad school. I live in...
by cherijoh
Fri May 15, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5484

Re: Discarding old tax returns

[quote=Normchad post_id=5252609 time=1589510802 user_id=2481 As for cost basis for my house, home repairs, etc, I just don't care. Under current law, I can't envision any scenario in which I would ever pay taxes on a home sale. Same for Roth IRA basis, etc. (In fact, I keep virtually nothing I recei...
by cherijoh
Fri May 15, 2020 10:28 am
Forum: Personal Consumer Issues
Topic: Tire shop returned my van with a broken part!
Replies: 27
Views: 1826

Re: Tire shop returned my van with a broken part!

And the one time that they broke a lug nut stud trying to remove a stubborn lug nut, they immediately told me what happened and arranged for a shop nearby to replace it at Discount Tire's expense. That is quality customer service and what we should all get but so rarely do. I wonder if companies re...
by cherijoh
Fri May 15, 2020 10:10 am
Forum: Personal Consumer Issues
Topic: What are your alternative plans this summer if it was travel?
Replies: 65
Views: 5337

Re: What are your alternative plans this summer if it was travel?

I just heard that Greece is open for vacationers this summer. Tempting, but I'm sure we will stick around here... I have a friend who was scheduled to leave for Greece in late April - in fact she probably would have been getting home earlier this week. She was booked on a tour so she thinks it will...
by cherijoh
Thu May 14, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mystery bill from dentist
Replies: 47
Views: 3175

Re: Mystery bill from dentist

Will try to keep this brief... I had an implant done 2010 for a front tooth I had. Fast forward 2015 and I notice it is starting to fail. I go back to the dentist and they take an xray etc to look at it and it turns out it needed to come out. I wound up moving to NC later that year anyway and decid...
by cherijoh
Wed May 13, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 86
Views: 5778

Re: Employer cut 403b contribution to zero

: You have left out a very important piece of information. Do you need the extra savings to reach your goals? Would any level of additional savings need hard budget cutbacks elsewhere? Without knowing the answer to these questions, my response would be leave things as they are right now and reasses...
by cherijoh
Wed May 13, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2666

Re: Deferred Compensation Money Gets Taxed

I haven't. My employer is very short-staffed right now, so it's not the best time to try to contact them. But, even if I could, is there anything I can do at this point, short of trying to get that money back next tax season? My 401(k) and 457 contributions were already made. The issue I have is th...
by cherijoh
Wed May 13, 2020 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2666

Re: Deferred Compensation Money Gets Taxed

I haven't. My employer is very short-staffed right now, so it's not the best time to try to contact them. But, even if I could, is there anything I can do at this point, short of trying to get that money back next tax season? My 401(k) and 457 contributions were already made. The issue I have is th...
by cherijoh
Wed May 13, 2020 2:11 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13087

Re: Will "work from home" destroy the commercial real estate market?

Pro office crowd: - Miss the face to face interaction - Home setup not optimal for work (roommates, lack of proper office or desk, etc) - Just want to get out of the house I'd be willing to bet that many who miss the face-to-face interaction are more extroverted. The only extroverts I know who like...