Search found 6292 matches

by cherijoh
Sun Sep 22, 2019 5:34 pm
Forum: Personal Consumer Issues
Topic: First car for child
Replies: 23
Views: 1170

Re: First car for child

Newer vehicles have more safety features, and one that would have saved several fender benders in our circle of friends would be a back-up camera. In my anecdotal circle, backup cameras have not provided any panacea for inexperienced drivers. Friends and family have had a rash of backup fender bend...
by cherijoh
Sun Sep 22, 2019 5:12 pm
Forum: Personal Investments
Topic: Old employer forcing out of 401k-rollover options?
Replies: 9
Views: 490

Re: Old employer forcing out of 401k-rollover options?

1. Can her previous employer legally force her out of the old 401k? Is it possible for her to just continue to keep her funds there against their wishes? My recollection was that the former employer could only force closure for a low balance in the plan. This webpage on the IRS.gov appears to suppo...
by cherijoh
Sun Sep 22, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: When to give notice
Replies: 23
Views: 2722

Re: When to give notice

I wanted to thank everybody for the kind and sage advice. This forum is incredibly helpful and I plan to post more in the future. I gave notice on Friday and was prepared to be walked out the door. Conversation with supervisor went well and was respectful. I went back to my desk and continued worki...
by cherijoh
Sun Sep 22, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Conundrum
Replies: 90
Views: 5796

Re: Roth Conversion Conundrum

The ability to recharacterize a conversion went away. You still have the ability to switch the designation for this year's contribution from Roth to Traditional or Traditional to Roth. Both were called recharacterizations which leads to some confusion. What you are saying is true, but it does not a...
by cherijoh
Sun Sep 22, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Conundrum
Replies: 90
Views: 5796

Re: Roth Conversion Conundrum

Form 8606 Line 1 (Nondeductible contributions to IRA) $0.00 Line 2 (total basis in tIRA) $12,000.00 Based on the OP, I think the $12K goes on line 1 and $0 on line 2, but that was from only a quick glance. Doesn't change the bottom line. 2019 AGI $146,000 Deduction $27,400 Standard deduction is $24...
by cherijoh
Sun Sep 22, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Conundrum
Replies: 90
Views: 5796

Re: Roth Conversion Conundrum

Do remember the taxes on those conversions are normally due at conversion time and must be paid in that quarter. Do they have to be paid in that quarter or could she just increase her withholding at work to cover the conversion? If you are using conversion $ to pay the taxes, just have the taxes wi...
by cherijoh
Sun Sep 22, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Conundrum
Replies: 90
Views: 5796

Re: Roth Conversion Conundrum

Woo! :happy I thought I had made a colossal and irreversible mistake in doing the $12k conversion since I then assumed the $271k tIRA. From what I had read, it seemed like having a year end balance in the tIRA was a bad thing, and thus I was thinking I needed to empty it before end of 2019 to avoid...
by cherijoh
Sun Sep 22, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Conundrum
Replies: 90
Views: 5796

Re: Roth Conversion Conundrum

GeekGal, welcome to the forum and condolences to you and the rest of the family for your husband. Question: Am I subject to the aggregation taxes in 2019 on the $271,000 currently held in my Traditional IRA, even though those funds were received after I did the $12,000 conversion to Roth? It will p...
by cherijoh
Sun Sep 22, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Conundrum
Replies: 90
Views: 5796

Re: Roth Conversion Conundrum

Now, since your husband died so early in the year, he didn’t have much wages (unless his employer paid out unused vacation and sick time). If you can project your joint wages for this year AND it is below $193K, you both could have made Roth contributions instead. https://www.rothira.com/roth-ira-l...
by cherijoh
Sun Sep 22, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 125
Views: 8973

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

I really don't understand the seemingly common view that employees owe their employers more than their employers owe them. If an employer does not give their employees two weeks notice or severance after firing or laying them off, then I see no purpose in giving them the same notice. And if failing...
by cherijoh
Sun Sep 22, 2019 12:16 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 56
Views: 5118

Re: I am being asked to retire. Am I ready?

bertilak wrote:
Sun Sep 22, 2019 11:56 am
Looks comfortable to me. A $5M nest egg (includes your lump sum incentive) with no debt lets you do just about whatever you want. Take the money and run!
I think pension lump sum is already included in the $4.1M figure.
by cherijoh
Sun Sep 22, 2019 12:14 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 56
Views: 5118

Re: I am being asked to retire. Am I ready?

Average Monthly Expenses (based on 3 year look back plus anticipated health insurance): $9,800 Emergency funds : $60,000 in Money Market Age: Me - 54, Spouse - 55 Desired Asset allocation : 60% stocks / 40% bonds (open to advice on this) Current retirement assets Taxable $568,000 14% cash (Much of ...
by cherijoh
Sun Sep 22, 2019 11:18 am
Forum: Personal Investments
Topic: Glide path vs Coming In Hot
Replies: 13
Views: 1228

Re: Glide path vs Coming In Hot

My wife and I are both 53, make around $350K per year total, have about $1.7M in mostly-401k retirement savings in 80/20 3-fund portfolios, and the kids will be out of college and hopefully on their own in another 5 years. (This isn’t a portfolio review, since this is I hope more a conceptual appro...
by cherijoh
Sun Sep 22, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 125
Views: 8973

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

Excellent analysis. I'm the OP. Yes, I am confirmed with the new job starting Oct 16. All background check cleared etc. so I will be in the intl trip for 7 business days, Company B gives 2 floating holidays + 2 accrued days + 3 CA sick days I could take = 7 days or they cant allow sick days and Com...
by cherijoh
Sun Sep 22, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 125
Views: 8973

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

Really, I cant decide. it so hard. During my surgery 2.5 yrs back, this same team (my same manager and peers) supported me a lot during my disability time. If feel I owe to them, the notice. But the new outsourced company is penny pitchers and may let me go asap w/o any severance. So hard to decide...
by cherijoh
Sun Sep 22, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 125
Views: 8973

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

Eh, I've been in MegaCorps for a couple of decades. I don't have a "network" nor do I "network" and I'm honestly not really even sure what it means. I get it conceptually, but it's just never been my reality. I've never had a LinkedIn profile or anything like that. When I need a job, I apply for li...
by cherijoh
Sat Sep 21, 2019 6:38 pm
Forum: Personal Investments
Topic: Coming to the realization that Traditional is probably wiser
Replies: 21
Views: 2908

Re: Coming to the realization that Traditional is probably wiser

--The benefit of a Roth is so great that high-income folks pay more in taxes to use the "Backdoor Roth" and "Mega Backdoor Roth" techniques. You've in a much lower tax bracket so your tax cost is much lower to get into your Roths. You did say your opinion was skewed, but this one is hardly fair. :h...
by cherijoh
Sat Sep 21, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance for Retirees
Replies: 56
Views: 3536

Re: Dental Insurance for Retirees

This is my first year of retirement. I've used my two free Medicare cleanings I'm entitled to, and now need to choose some sort of plan. Any suggestions? I've been looking at dental insurance and then the flat rate, discounted plans. What has worked best for you? I'm in NYC and my regular dentist o...
by cherijoh
Sat Sep 21, 2019 2:57 pm
Forum: Personal Investments
Topic: Coming to the realization that Traditional is probably wiser
Replies: 21
Views: 2908

Re: Coming to the realization that Traditional is probably wiser

lakpr wrote:
Sat Sep 21, 2019 2:40 pm
Man, that interest rate hurts my eyes to even look at!
Then you really wouldn't have liked my initial mortgage rate on my condo (circa 1982) - it was 14.2%! :shock: I refinanced twice (or was it thrice?) before selling it in 1996.
by cherijoh
Sat Sep 21, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: first house- 1 bedroom vs. 2 bedroom
Replies: 21
Views: 1542

Re: first house- 1 bedroom vs. 2 bedroom

I'm thinking of buying housing in the Bay Area. One realtor suggested buying a smaller property, in a better location, rather than a bigger one, further away. I think the only thing I can buy for under $1 million in Mountain View, where I work, is a 1 bedroom (BR), 1 bath (BA) condo. Another realto...
by cherijoh
Sat Sep 21, 2019 12:47 pm
Forum: Personal Consumer Issues
Topic: Car accident - questions (both financial and otherwise)
Replies: 15
Views: 1136

Re: Car accident - questions (both financial and otherwise)

If your car was totaled and the other had significantly less damage, get that car. Was it because it was bigger? Size matters along with safety features. Bigger, newer, and also a car I wouldn't drive (Tundra which is a huge pickup.) Fair enough. Check crash tests before you buy. While new is good,...
by cherijoh
Sat Sep 21, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help with pension choices
Replies: 27
Views: 1546

Re: Help with pension choices

[quote=Blake7 post_id=4759751 time=1569079094 user_id=1328 Thanks for the response, #Cruncher! The numbers are correct. The lump sum is only my contributions + interest. This is my understanding: My contributions = approx. 25-30% of the contribution costs to fund my pension. The rest are my employer...
by cherijoh
Sat Sep 21, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement - not worry about withdrawal rate, but focus on portfolio size?
Replies: 67
Views: 4849

Re: Early retirement - not worry about withdrawal rate, but focus on portfolio size?

I could have rephrased early semi retirement to I'll be working part-time and my spouse will be a stay at home parent. But we plan to withdraw from our portfolio (after this thread I'm thinking ~3.5%) to help cover expenses. There's a good chance it will just a be work hiatus for my spouse and she ...
by cherijoh
Sat Sep 21, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 125
Views: 8973

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

Yes, I am supporting the same people and same systems with the outsourced company which I did for the last 8 years for the parent company as employee. Reason for my new job is the outsourced company has a end date of 1 year and even HR of the outsourced company says not lot of folks will be retaine...
by cherijoh
Sat Sep 21, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement - not worry about withdrawal rate, but focus on portfolio size?
Replies: 67
Views: 4849

Re: Early retirement - not worry about withdrawal rate, but focus on portfolio size?

I could have rephrased early semi retirement to I'll be working part-time and my spouse will be a stay at home parent. But we plan to withdraw from our portfolio (after this thread I'm thinking ~3.5%) to help cover expenses. There's a good chance it will just a be work hiatus for my spouse and she ...
by cherijoh
Sat Sep 21, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement - not worry about withdrawal rate, but focus on portfolio size?
Replies: 67
Views: 4849

Re: Early retirement - not worry about withdrawal rate, but focus on portfolio size?

You could live 70 more years. The odds of a portfolio surviving with that rate of withdrawal are not good. Gill But a 4% SWR has about a 80% chance of lasting 50 years with an average ending balance of 3.43x times the original size. That seems like pretty good odds to me especially if we're willing...
by cherijoh
Sat Sep 21, 2019 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Tax form for Seniors.
Replies: 23
Views: 1558

Re: Tax form for Seniors.

This was talked about when the tax law was first passed. I can't understand why it took them so long to produce it. I also wonder how many people still do their taxes by hand - they would be the only ones affected by this as far as I can tell. Maybe it is more than I think. It would have been a bet...
by cherijoh
Fri Sep 20, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Take out HELOC or sell bonds for private investment?
Replies: 20
Views: 600

Re: Take out HELOC or sell bonds for private investment?

My medical group is expanding and there's a new investment opportunity in a new medical center. The last time this occurred, I was able to invest and overall value doubled in the first year with yields 20-30% thereafter. This time around, I do not have a lot of cash to invest but would like to inve...
by cherijoh
Fri Sep 20, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 125
Views: 8973

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

I just recently put in a two weeks notice with my my prior employer. I had a great review at my last check-in. In the morning meeting I arranged with management, I wanted to ensure the notice was timely enough to accommodate them and was willing to extend if needed. They seemed upset about leaving ...
by cherijoh
Fri Sep 20, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 125
Views: 8973

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

I would not hesitate to give just one day notice. Look, your job already has been outsourced. Proof that the old company you worked for 8 years did not see enough value in your contributions to retain you. You barely even started with the new company, you dont owe them anything. If anything, you wi...
by cherijoh
Fri Sep 20, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Take out HELOC or sell bonds for private investment?
Replies: 20
Views: 600

Re: Take out HELOC or sell bonds for private investment?

My medical group is expanding and there's a new investment opportunity in a new medical center. The last time this occurred, I was able to invest and overall value doubled in the first year with yields 20-30% thereafter. This time around, I do not have a lot of cash to invest but would like to inve...
by cherijoh
Fri Sep 20, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Take out HELOC or sell bonds for private investment?
Replies: 20
Views: 600

Re: Take out HELOC or sell bonds for private investment?

My medical group is expanding and there's a new investment opportunity in a new medical center. The last time this occurred, I was able to invest and overall value doubled in the first year with yields 20-30% thereafter. This time around, I do not have a lot of cash to invest but would like to inve...
by cherijoh
Fri Sep 20, 2019 9:06 am
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7274

Re: How to handle "split-the-bill" group lunches?

Any thoughts? When I have been in this situation, I usually say something along the lines, "I am not paying for all your alcoholic drinks you lushes" and then put enough in the pot to cover my meal plus tip plus my share of the b-day person. If they don't like it and don't invite me again in the fu...
by cherijoh
Fri Sep 20, 2019 8:44 am
Forum: Personal Consumer Issues
Topic: Moisture and mold found during home inspection
Replies: 53
Views: 2894

Re: Moisture and mold found during home inspection

The AC is 30 years old with a life being 15 years. The inspector found a bunch of drainage leaks on the roof and lots of the bearings aren't doing too well and rusted. A 30 year old AC is probably worth replacing even if in near-mint condition, as a newer AC is likely more efficient, to a degree th...
by cherijoh
Fri Sep 20, 2019 8:33 am
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7274

Re: How to handle "split-the-bill" group lunches?

What does Venmo do that cash doesn't? Eliminate the need for correct change! :wink: Sure you can ask the server to break a twenty, but that doesn't always work when everybody only has a twenty. It always seemed like people never planned ahead and everyone had just stopped at the ATM If you are anal...
by cherijoh
Fri Sep 20, 2019 7:43 am
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7274

Re: How to handle "split-the-bill" group lunches?

randomguy wrote:
Thu Sep 19, 2019 11:34 pm
What does Venmo do that cash doesn't?
Eliminate the need for correct change! :wink:

Sure you can ask the server to break a twenty, but that doesn't always work when everybody only has a twenty. It always seemed like people never planned ahead and everyone had just stopped at the ATM
by cherijoh
Thu Sep 19, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 80
Views: 10503

Re: “Upsizing” are we foolish?

I haven't read all the replies, I'm still digesting the 1700 sq ft is small for three people. I had thought the OP was living in a studio until I read this. I grew up middle class with two parents and two sibs in 1000 sq ft. In my opinion, the modern idea that everyone needs a large isolated space ...
by cherijoh
Thu Sep 19, 2019 4:12 pm
Forum: Personal Investments
Topic: Newly widowed need investment advice
Replies: 35
Views: 2024

Re: Newly widowed need investment advice

First of all, sorry for your loss. You are right to be skeptical of the portfolio manager. His fee will amount to about $15K annually, so you will actually need to generate $115K of income if you are looking to spend $100K. Unless you would have an extremely low interest rate, I would suggest payin...
by cherijoh
Thu Sep 19, 2019 4:00 pm
Forum: Personal Consumer Issues
Topic: Moisture and mold found during home inspection
Replies: 53
Views: 2894

Re: Moisture and mold found during home inspection

Hi all, We put in an offer for a townhome and it was accepted! This is a three story townhome with the first floor being a garage and the 2nd and 3rd floors the living area. However, during home inspections, the following major things came up: Mold found underneath the kitchen sink AC systems are w...
by cherijoh
Thu Sep 19, 2019 3:53 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7274

Re: How to handle "split-the-bill" group lunches?

If it is more that 2 people I usually ask for separate checks when we start ordering so the server has an opportunity to make it easier on him or herself. A server that is on the ball will ASK at the outset whether separate checks are going to be used. True, but it is courteous to mention it up fro...
by cherijoh
Thu Sep 19, 2019 3:52 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7274

Re: How to handle "split-the-bill" group lunches?

I've eaten at restaurants that claimed they couldn't do separate checks for groups of more than 4. This is acceptable to me at a locally owned restaurant and I typically try to restrict the number of checks as a courtesy. There are some of these that don't even have a POS system at all so I totally...
by cherijoh
Thu Sep 19, 2019 3:43 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7274

Re: How to handle "split-the-bill" group lunches?

I gave up alcohol a number of years ago and one of the side effects was that I developed more of a sweet tooth than I'd previously had. Although it doesn't bother me to "suck it up" on splitting the bill, I occasionally have dessert and coffee when others don't and figure that evens things up a bit...
by cherijoh
Thu Sep 19, 2019 3:26 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7274

Re: How to handle "split-the-bill" group lunches?

Take me to lunch and I will say, "Put all the alcohol on a separate bill and I will pay for it." Simple. Done. I've been to recent lunches where someone tried to pick up the entire tab, but I wouldn't let him. It was trivial to tell the waitstaff, "Put $20 on this credit card and let him pay for th...
by cherijoh
Thu Sep 19, 2019 3:16 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7274

Re: How to handle "split-the-bill" group lunches?

Venmo. Once person puts the bill on their credit card. Everyone else Venmos that person for what they ate + their share of the birthday girl's meal. Then, you have one person Venmo less money to the person that pays the bill on his/her credit card. KlangFool What? Do you mean you never come across ...
by cherijoh
Thu Sep 19, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: How factor in pension with savings goal?
Replies: 16
Views: 1175

Re: How factor in pension with savings goal?

Well, I wouldn't consider it a possible pension. Sure, I guess NYS could go bankrupt or she could die, but...I'd like to factor in all possibilities. So, if I were to factor in this pension amount, would the article's recommendation make sense? Your wife could also burn out and quit teaching. (Or w...
by cherijoh
Thu Sep 19, 2019 2:36 pm
Forum: Personal Consumer Issues
Topic: Mid-Century Sofa - Quality of Online Brands / Midrange Chains
Replies: 19
Views: 1129

Re: Mid-Century Sofa - Quality of Online Brands / Midrange Chains

I am not familiar with those brands. Some of the best upholstered furniture is made in NC. Sherrill is a good mid priced manufacturer that makes nice upholstered furniture. We have a sofa and chair in our living room we bought 11 years ago that still looks and sits good. Two places to check for thi...
by cherijoh
Thu Sep 19, 2019 1:16 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7274

Re: How to handle "split-the-bill" group lunches?

I recently met a group of five women for lunch to celebrate a birthday for one of the ladies. Only the birthday girl is a good friend of mine. The others are more casual friends. When it was time to pay, one lady told the server to split the bill evenly between four of us, so we could treat the one...
by cherijoh
Thu Sep 19, 2019 12:03 pm
Forum: Personal Investments
Topic: Newly widowed need investment advice
Replies: 35
Views: 2024

Re: Newly widowed need investment advice

Yes, I plan to downsize in 2-3 years after my daughter in law is through her accelerated Nursing school program. My son and his wife currently live with me. They were helping me with my Husbands care. Win/Win situation. Moving is expensive, at this point I don't where I would move to, so waiting is...
by cherijoh
Thu Sep 19, 2019 11:49 am
Forum: Personal Investments
Topic: Newly widowed need investment advice
Replies: 35
Views: 2024

Re: Newly widowed need investment advice

I am newly widowed as of August 2019. Please help me with investment advice. I have consulted with a Fidelity advisor, but am a bit wary of his advice and the wealth management fees. I am 67 and very healthy. Plan till age 100. Currently: $ 40,000 Cash/checking account $ 500,000 IRA transferred int...
by cherijoh
Thu Sep 19, 2019 10:13 am
Forum: Personal Investments
Topic: Help with retirement date?
Replies: 14
Views: 1003

Re: Help with retirement date?

Hi all, At the beginning of the year I posted about my savings options (https://www.bogleheads.org/forum/viewtopic.php?f=1&t=268497&p=4296477#p4296477). I underestimated the amount I could save and am on track to save about $350k this year. This is way higher than my highest expectations were at th...