Search found 3940 matches

by cherijoh
Sat Oct 21, 2017 5:08 pm
Forum: Personal Consumer Issues
Topic: Groupon dilemma
Replies: 4
Views: 381

Re: Groupon dilemma

I received an "invite only" offer from Groupon for a $20 Steak n Shake gift card, cost $10. Now, that's a great deal if you patronize the place. I don't go there often, the last time was some years back. However, with retirement looming I plan to be out and about more, so a chance that I'd want to ...
by cherijoh
Sat Oct 21, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Best no sweat athletic/work socks
Replies: 20
Views: 1078

Re: Best no sweat athletic/work socks

I am a marathon runner. Smartwool starts to pill after a year on me. Haven’t tried Feetures but I’ve heard good things. My Darn Tough running and work (sneakers) socks seem to be keeping up with their reputation for being indestructible 3 months in. Downsides are cost and colors aren’t great I'm su...
by cherijoh
Fri Oct 20, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 2512

Re: Inheritance and Retirement Savings

Thanks for the replies. We have 28 years to go on the mortgage--we moved a couple years ago. We have a good interest rate, and my general philosophy has been to have the mortgage paid off before DH retires. Up until now, it hasn't been an issue--now, though, I'm thinking we could pay it off (or dow...
by cherijoh
Fri Oct 20, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house in retirement - what funds to use?
Replies: 16
Views: 1084

Re: Buying a house in retirement - what funds to use?

I expect to receive a govt pension of about $45K a year with survivorship (in today's $). We currently live on about $36K a year (that is my net after putting money aside in my TSP, Roth, kid's 529s, biweekly auto-investments into Vanguard, and taxes). I'm expecting that adding back in health insur...
by cherijoh
Fri Oct 20, 2017 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Looming Retirement & Market Jitters
Replies: 43
Views: 3126

Re: Looming Retirement & Market Jitters

I would guess that most people in this forum have sold stocks this year. They will not call their action “market timing” or admit to being spooked by high valuations. They’ll say they’re “rebalancing asset allocations”, but whenever we see market conditions like we have today you can be sure lots o...
by cherijoh
Fri Oct 20, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Looming Retirement & Market Jitters
Replies: 43
Views: 3126

Re: Looming Retirement & Market Jitters

I'm distracted by the news reports that if the tax cut package does not happen, the market will experience a steep drop. Never closely paid attention to these types of stories before, but with retirement so close now....the hair is beginning to stand on the back of my head. If you have enough money...
by cherijoh
Wed Oct 18, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance for retirement
Replies: 15
Views: 1242

Re: Personal Finance for retirement

So I put in a calculator on bankrate.com and with being 25 and 80k invested along with an additional $550 a month assuming a 5% return and after taxes it will leave me with about 920k when I am 63. That is after putting in an annual inflation of 3.1% would be equilivant to 278k in 2017 cash value. ...
by cherijoh
Mon Oct 16, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: First Post (gulp) - Request for Advice on selling inherited home
Replies: 20
Views: 1595

Re: First Post (gulp) - Request for Advice on selling inherited home

Having gone through this myself and with friends a couple times recently, I would recommend the following: 1. The contents are probably not worth much. Take what you want and what your close relatives want, donate what you can, and rent a dumpster to discard the rest. 2. Sell the house on the open ...
by cherijoh
Mon Oct 16, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: Trash dumped on curb (need advice)
Replies: 60
Views: 5774

Re: Trash dumped on curb (need advice)

Do you think it would be the public works department or the the code enforcement/zoning department when reporting something like this? I hate to make enemies and for them know I called on them (although i guess they will probably be moving anyways). I don't really care for them to get a fine as if ...
by cherijoh
Sun Oct 15, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5500

Re: Pension Freeze - What did you do?

I'm sorry to hear about your pension, OP. I was very upset, too, when this happened at our company. In 2004, our company closed the pension plan to new employees, and had the rest of us choose whether to stay in the pension plan, or switch to a rewards program in which the company would put between...
by cherijoh
Sun Oct 15, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5500

Re: Pension Freeze - What did you do?

Some organizations do pension freezes to encourage a higher level of attrition, often primarily older workers. It's easier if people leave on their own without any layoffs. They aren't doing it to benefit employees. Not quite "on their own", but your point is valid. My company has engaged in such "...
by cherijoh
Sun Oct 15, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5500

Re: Pension Freeze - What did you do?

I looked up "represented employee" as a new term to me- I am one, but our union is not very powerful, so I expect nothing from them but pointing out the discrepancy between management's words and actions. You have a contract and federal law to protect you. No one can take away what you have vested ...
by cherijoh
Sun Oct 15, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5500

Re: Pension Freeze - What did you do?

My company has stated it will freeze the pension plans at the end of the next fiscal year. I am wondering what others did in similar situations. It's a hard freeze where they will maintain any vested benefit but move onto a completely new defined contribution plan for all. The new plan is somewhat ...
by cherijoh
Sun Oct 15, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Maximizing a couples benefits
Replies: 35
Views: 2745

Re: Social Security - Maximizing a couples benefits

Getting close to the age of getting paid. I have significantly greater income history that my wife. I also expect she will outlive me. My current plan is to take benefits starting at 62.5. My Break even calc (versus waiting till 66.3 +-) is around 80 years of age. I reckon I'll be dead by then. She...
by cherijoh
Sun Oct 15, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: X times salary, backwards calculation?
Replies: 23
Views: 2227

Re: X times salary, backwards calculation?

Try this: https://www.firecalc.com/ Based upon this for our situation if we can get very modest growth on our portfolio over the next 5-10 years and can essentially break even cash flow wise until SS we will be in excellent shape Firecalc is the ultimate tool for predicting future results based on ...
by cherijoh
Sun Oct 15, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Over $10k in taxes owed for using 529s
Replies: 10
Views: 1587

Re: Over $10k in taxes owed for using 529s

Have you considered how much the 529 would have appreciated had you left the money in it? Indeed. I've been tracking that to figure out how much money we should put back into the 529 accounts if we were to maintain the originally decided desired amount. And there's also all the details of expenses ...
by cherijoh
Sun Oct 15, 2017 4:07 pm
Forum: Personal Consumer Issues
Topic: The cost of walking el Camino de Santiago
Replies: 119
Views: 21806

Re: The cost of walking el Camino de Santiago

I would not dispute the official objective statistics but note that one's subjective statistics are somewhat different. As an English speaker, I was more attuned to other people speaking English, which seemed to be about a half. As we were forming friendships, we tended to stay together and form En...
by cherijoh
Sun Oct 15, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Over $10k in taxes owed for using 529s
Replies: 10
Views: 1587

Re: Over $10k in taxes owed for using 529s

Anything we should have done differently or should do going forwards? We had two 529 accounts that were fully funded to desired levels for two children (one still on the way) where we ended up withdrawing everything earlier this year for some investment. There was about $30k in gains, so we'll need...
by cherijoh
Sun Oct 15, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 29
Views: 5285

Re: Met with a CFP, not too impressed.

From the website of the software you said he used, an article quotes an adviser who uses that program: "“I can get through that thing in 15 minutes and have a full financial plan, he said." Yeah, that was my impression. He loaded all the numbers I gave him, read none of the pension information or d...
by cherijoh
Sun Oct 15, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: 401k allocation
Replies: 4
Views: 366

Re: 401k allocation

I agree with retiredjg and fudgie that you should just go with a 3-fund "lazy" portfolio. Over time, a 0.4 - 0.5 % additional ER will add up. If you are stumped for the appropriate split, I would review the asset allocations for the VG target retirement funds nearest your expected retirement dates. ...
by cherijoh
Sat Oct 14, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Severance includes 2 yrs healthcare. Should I use that instead of new company?
Replies: 27
Views: 2113

Re: Severance includes 2 yrs healthcare. Should I use that instead of new company?

I was laid off in August and, as part of my severance package, I got two years of healthcare coverage. They took the first year premiums out of my severance lump sum so I'm covered until next August when I would need to pay the next year's premium. They didn't give you anything. You are paying for ...
by cherijoh
Tue Oct 10, 2017 8:58 pm
Forum: Investing - Theory, News & General
Topic: List some positive aspects about financing retirement
Replies: 4
Views: 918

Re: List some positive aspects about financing retirement

Sequence of returns risk is almost a straw man, often used to steer clients to an advisor's business. Sequence risk only applies to those who start retirement, spending a fixed real % of the retirement day assets, without ever considering how each annual spending amount relates to the recent annual...
by cherijoh
Thu Oct 05, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4028

Re: Trying to convince my sister not to use a financial advisor

:oops: My sister has $100k to invest and has an appointment tomorrow to wrap up the paperwork with a financial advisor who promised her a portfolio of Vanguard ETFs that he will balance for her, for a small fee of 1.4%! I told her to run and just open up an account herself on Vanguard and do it her...
by cherijoh
Mon Oct 02, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Cash on hand for emergencies
Replies: 41
Views: 2806

Re: Cash on hand for emergencies

I think you're going to get replies that run the gamut from greatness's to samoses's. Some people are preppers, some are not. Some people expect and plan for the worst, and some don't. Certainly if I lived in a rural area I would most likely have a generator, and/or water if I had a well that requi...
by cherijoh
Mon Sep 25, 2017 6:39 am
Forum: Investing - Theory, News & General
Topic: Selling Taxable to Top of Bracket: What does it mean?
Replies: 33
Views: 3707

Re: Selling Taxable to Top of Bracket: What does it mean?

I am in the 0% bracket, in withdrawal phase of retirement, and will sell from Taxable Accounts before year's end. Does sale to top of 10% bracket mean that my Federal Tax bill will be $933 if I take take Capital Gains that would push me to the top of the 10% bracket [which is 10% times $9250]? I wi...
by cherijoh
Sun Sep 24, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: 28 Year Old having a Crisis, how am I doing?
Replies: 27
Views: 4592

Re: 28 Year Old having a Crisis, how am I doing?

Be a little more pro-active, talk to people who are at a high level or your current desired field. Ask them what they most valuable skills is... then develop it. School is nothing more than a hoop to jump through (just like buying General Admission at a concert - it gets you in the door), the rest ...
by cherijoh
Sun Sep 24, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: The right offer on a home
Replies: 10
Views: 1110

Re: The right offer on a home

If you have an agent, what does he/she have to say? Can you get in the ballpark by looking at what the land would be worth separately then calculate a home value based on the square footage? Then add the two together. Typically smaller, 1-story houses have a higher cost/square foot than larger house...
by cherijoh
Fri Sep 22, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Division of trust assets after death
Replies: 10
Views: 758

Re: Division of trust assets after death

Would the brokerage house where the 400k trust account is located have a problem with that, or would they want the 50/50 split of the trust adhered to, if for nothing else than to cover themselves legally? The brokerage house should not have anything to do with the division of trust assets. They pr...
by cherijoh
Thu Sep 21, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25340

Re: Calling out the not so rich bogleheads

Is it only me or are the non LBYM people hidden in plain sight ? Pretty much everybody I know at work or otherwise seems to be the responsible kind, saving and investing as much as they can. Sure, some people drive the expensive cars but I believe they have a net worth to match those cars. Actually...
by cherijoh
Wed Sep 20, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Automate Savings
Replies: 5
Views: 497

Re: Automate Savings

I'm trying to figure out a way to automate my savings so I never see a change in my checking account. For example, automate a 40% savings rate so I never see more than 40% of my take home pay in my checking account. I get a standard corporate paycheck with direct deposit and a Fidelity 401k. The on...
by cherijoh
Mon Sep 18, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25340

Re: Calling out the not so rich bogleheads

But what they really helped me with was understanding what I need to be saving for retirement, and why saving enough is important.... They also helped me decide I didn't need a boat, a new car, a bigger house, a pool, a vacation condo, or to cosign for a relatives home. They may have more money tha...
by cherijoh
Mon Sep 18, 2017 7:35 pm
Forum: Investing - Theory, News & General
Topic: Why can US citizen expats not invest w/Vanguard?
Replies: 69
Views: 36081

Re: Why can US citizen expats not invest w/Vanguard?

in_reality wrote:
Mon Sep 18, 2017 6:56 am
cherijoh wrote:
Mon Sep 18, 2017 6:27 am
ExpatInAsia wrote:
Thu Feb 14, 2013 3:01 am
That post was 4+ years ago. jimmyli's was recent.
oops! :oops:
by cherijoh
Mon Sep 18, 2017 6:27 am
Forum: Investing - Theory, News & General
Topic: Why can US citizen expats not invest w/Vanguard?
Replies: 69
Views: 36081

Re: Why can US citizen expats not invest w/Vanguard?

I tested their online application up to a certain point, and this is what it says: -- More information Vanguard funds are not registered for sale outside the U.S. You must provide a U.S. address. Important information about opening a new account. The Vanguard Group Inc. and Vanguard Marketing Corpo...
by cherijoh
Sun Sep 17, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Pension - cashout?
Replies: 6
Views: 673

Re: Pension - cashout?

Both from the same former employer, I switched to different formulas. B) is typical 80 point plan A) is alternative plan. Not really sure about formulas or inflation options, I believe taking early has large penalties for 80 point. It was never a large enough amount to really research the details. ...
by cherijoh
Sun Sep 17, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Pension - cashout?
Replies: 6
Views: 673

Re: Pension - cashout?

Not sure if this is the right forum for the question - I guess new rules have allowed cashout of pension so I am seeking advice on best path forward. I have 2 pensions, one I can cash out any time (A) and planned to wait for a downturn. Another I just got an offer (B). Plan would be roll over to 40...
by cherijoh
Sun Sep 17, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: To Refinance or not to Refinance
Replies: 17
Views: 1418

Re: To Refinance or not to Refinance

1. Waiting until 2018 is another possible option. 2. I would have an EF of about 5 months. Not including my wife's income. 3. I have about a little bit over 3 years left on the car loans. I make extra payments every month. 4. The payoffs are about $14k and $22k. 5. According to their calculation de...
by cherijoh
Sat Sep 16, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 57
Views: 5576

Re: Turned down for umbrella insurance

It could also be an issue with the gap in coverage the umbrella policy is covering over and above your auto and homeowner's policies. If you owned relatively modest cars and home relative to your total net worth, they might consider it too much risk exposure. Whereas if you already have a homeowner...
by cherijoh
Sat Sep 16, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: To Refinance or not to Refinance
Replies: 17
Views: 1418

Re: To Refinance or not to Refinance

Debt to income ratio too high and they are basing my income on 2016 W2 not 2017 projected income. I think it is typical to look back to a full year's income. An individual paystub could reflect short-term overtime. If you received a considerable pay bump in 2017, then the solution may be to wait un...
by cherijoh
Fri Sep 15, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited 401K - required minimum distributions or lump sum?
Replies: 9
Views: 922

Re: Inherited 401K - required minimum distributions or lump sum?

Hello, I have done a lot of reading about inherited retirement accounts but I can't find the answer for my specific situation. 1. I inherited a 401K in 2013 at Vanguard. 2. Since inheriting, all I've done is change the account to my name. 3. I've received 3 RMDs so far and have 51 estimated years l...
by cherijoh
Fri Sep 15, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 3965

Re: Advice Badly Needed---Meeting with Financial Advisor

Thank you all for confirming what I was thinking in the back of my head during the meeting! This guy had an answer for everything, but I'm sure that's part of the training. I think I'm going to spend the next month or so doing some reading and studying up on my own to make sure I am fully informed ...
by cherijoh
Thu Sep 14, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roll pre age 55 401k into new 401k and quit before 59
Replies: 3
Views: 338

Re: Roll pre age 55 401k into new 401k and quit before 59

What are the "gotchas" to look for when rolling over into a new 401k? I would say fund choices, expense ratios, and withdrawal options. Presumably you would be making withdrawals over an extended period of time and don't want too much drag on the account from poor fund selections or high ERs. Choic...
by cherijoh
Thu Sep 14, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 57
Views: 5576

Re: Turned down for umbrella insurance

A couple of mysteries resolved, hopefully will help others in my position: - When I called back to get the CLUE report, they told me the original submission was done in error, that the phone agent should have attached information on net worth but did not. They did ask me for a reason, which I state...
by cherijoh
Thu Sep 14, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: Are Cotton Blankets Good For Winter?
Replies: 21
Views: 1592

Re: Are Cotton Blankets Good For Winter?

It's hard to generalize since there are variables in climate, room temperature, and personal preference. A blanket or comforter that is too heavy is not comfortable to me and other materials than cotton such as wool or down or even polyester fleece seem to be warmer by weight but there are other fa...
by cherijoh
Thu Sep 14, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about home purchase in a 55+ community?
Replies: 26
Views: 2309

Re: Questions about home purchase in a 55+ community?

6. HOA fees are currently set at a reasonable $210 per month and were told that since this project would go for another 10-12 years, that we could expect the HOA fees to remain the same over that span. I would not count on that. In fact, if they do not raise them, I would be concerned as it may lea...
by cherijoh
Thu Sep 14, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: Are Cotton Blankets Good For Winter?
Replies: 21
Views: 1592

Re: Are Cotton Blankets Good For Winter?

It's hard to generalize since there are variables in climate, room temperature, and personal preference. A blanket or comforter that is too heavy is not comfortable to me and other materials than cotton such as wool or down or even polyester fleece seem to be warmer by weight but there are other fa...
by cherijoh
Wed Sep 13, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Option to freeze outgoing ACH at Vanguard?
Replies: 6
Views: 1091

Re: Option to freeze outgoing ACH at Vanguard?

If someone gained access to both your bank accounts and VG accounts then worrying about the current linkage between the accounts is the least of your worries IMO. Focusing on having good unique passwords for each account and avoiding phishing attempts are your first lines of defense.
by cherijoh
Mon Sep 11, 2017 7:03 am
Forum: Personal Finance (Not Investing)
Topic: New Mobile Phone number - Now hounded by Collection Agencies
Replies: 38
Views: 3264

Re: New Mobile Phone number - Now hounded by Collection Agencies

Recently retired and moved back to home state. Our old mobile provider had poor reception so we signed up with a new mobile provider. We wanted our phone numbers to reflect our new location so both of us got new mobile phone numbers. My new mobile number is good, however my wife is constantly getti...
by cherijoh
Mon Sep 11, 2017 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 2766

Re: Social Security bend points/early retirement estimates

...at age 67. I plan on working 10 more years at the least Not trying derail your topic, but may I ask the reason you plan to work until afe 77 or beyond? Thanks I think you misread the post. I interpreted skao99's post to mean that he is considering retiring before his FRA of 67 but wants to calcu...
by cherijoh
Mon Sep 11, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 2766

Re: Social Security bend points/early retirement estimates

Billionaire wrote:
Sun Sep 10, 2017 9:03 am
Are there any explanations why my manually calculated PIA benefit is about $200.00 higher than the amount stated on my SS statement?
Did your salary exceed the maximum salary that was taxed for SS any of those years? Any excess salary doesn't count in you benefit calculation
by cherijoh
Sun Sep 10, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Capital gains in retirement with no earned income: Is this right?
Replies: 8
Views: 822

Re: Capital gains in retirement with no earned income: Is this right?

Perhaps you have a bum calculator. I got 0 using one. Try some others and get a majority vote. A few things to check.......your income (gross) is 70K. See line 13 of the 1040 which is capital GAINS.......it is not proceeds from stock sale. Your taxable income is your AGI less deductions and exempti...