Search found 5731 matches

by cherijoh
Thu Jun 20, 2019 2:44 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 759
Views: 96582

Re: Did I Make it or no?

It depends on how you define it. I've seen it both ways. I consider it only based on investments since I need somewhere to live and will not be selling my house anytime soon.
by cherijoh
Thu Jun 20, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund for charitable giving
Replies: 13
Views: 491

Re: Donor Advised Fund for charitable giving

Be sure to check the list at Fidelity or wherever to make sure you're charities are listed. I am about to fund ours for 2019 as we did in 2017. Good luck! I don't believe it matters if the 501c3 you want to make a grant to is not currently listed. Any competent DAF will confirm that they qualify as...
by cherijoh
Thu Jun 20, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund for charitable giving
Replies: 13
Views: 491

Re: Donor Advised Fund for charitable giving

Most all things I've read talk about regular investments and giving stocks, etc. My question I just haven't seen addressed: Can we just leave it all in cash and when we direct the giving, the church or charity just be given cash? We didn't want to make a smaller charity try figure out the complexit...
by cherijoh
Thu Jun 20, 2019 2:27 pm
Forum: Personal Investments
Topic: Roth Conversion Question – Please help! (First Post)
Replies: 62
Views: 2029

Re: Roth Conversion Question – Please help! (First Post)

Terrific, cherijoh, and thank you ... Action Items for Today! Will be taking care of reallocating Roth and tIRA and changing dividends and capital gains distributions to come to me. I knew my cash could be leveraged somehow—just wasn’t sure how to go about it. I’ve had the same thought about a stoc...
by cherijoh
Thu Jun 20, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Another Can I retire Post? - Age 58
Replies: 20
Views: 1886

Re: Another Can I retire Post? - Age 58

Interesting, I'm having trouble seeing it being that tight, even at the current spending level. OP doesn't say if the portfolio is pre-tax or in taxable, but assume the worst case that it's effectively all in a pre-tax retirement plan. Suppose OP uses the $46K military pension plus withdraws $60K f...
by cherijoh
Thu Jun 20, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Another Can I retire Post? - Age 58
Replies: 20
Views: 1886

Re: Another Can I retire Post? - Age 58

Ages: Him 58 / Her 57 (SAHM) Kids at home: 20/18/15 (+ a couple of kids grown on their own) Investment Assets (not including house): $1.325MM <-- What is split between taxable/trad tax-advantaged/Roth? Also, if taxable what is the % of embedded capital gains? This makes a huge difference on how muc...
by cherijoh
Thu Jun 20, 2019 12:28 pm
Forum: Personal Investments
Topic: Roth Conversion Question – Please help! (First Post)
Replies: 62
Views: 2029

Re: Roth Conversion Question – Please help! (First Post)

Your Roth IRA is invested in VWENX which is about 2/3 stock. Consider changing this to hold 100% equity (VTSAX) in your Roth IRA. Maintain your 40-60 allocation by adjusting your Traditional IRA holdings to reduce VTSAX and increase VBTLX. This change has the benefit of having your fastest growing ...
by cherijoh
Thu Jun 20, 2019 11:27 am
Forum: Personal Investments
Topic: Roth Conversion Question – Please help! (First Post)
Replies: 62
Views: 2029

Re: Roth Conversion Question – Please help! (First Post)

Does a pension lump sum have to go into a TIRA? I just assumed that the choice was monthly pension check or one time lump sum pension check. Just curious... No, but with a lump sum of the size the OP had, it would result in a heck of a tax bill for the year she would have taken the lump sum! I have...
by cherijoh
Thu Jun 20, 2019 10:52 am
Forum: Personal Investments
Topic: Roth IRA all the way?
Replies: 16
Views: 1051

Re: Roth IRA all the way?

Does vanguard offer traditional tax deferred iras? Perhaps skipping the 403b route? Initially investing in a Roth and contributing to a tax deferred ira as well. It’s just those darn rmd’s.... Your annual IRA limit is based on the combined contributions to Roth and Traditional. You can't contribute...
by cherijoh
Wed Jun 19, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire in 1 year at 53
Replies: 39
Views: 5179

Re: Can I retire in 1 year at 53

Assets: $5.3m Retirement, 401/403/457: 1.265m Brokerage: 3.4m Roth: 380k HSA: 68k Cash: 200k 529: 130k/200k Home paid off valued at 420k, no debts SS: 18k/9k at 62, using 70% of current projection No pensions or health care. Income desired in retirement is 150k annually including taxes/health care....
by cherijoh
Tue Jun 18, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Posponing FIRE to go back to School
Replies: 20
Views: 1641

Re: Posponing FIRE to go back to School

I am interested in getting an International MBA.... I also like that this provides opportunity to work internationally. I lived overseas from age 3-14 and had a great experience. I think you may have an unrealistic and romanticized view of what this degree would do for you. Have you checked into th...
by cherijoh
Mon Jun 17, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21521

Re: Can I afford this 2.3 million dollar home?

It certainly wouldn’t be unusual for someone in their mid 30’s to have a very high proportion of their net worth tied up in their principal residence. I would have been well over 100%. To wait until you have a much higher net worth, may be more prudent but by the same token, you end up forgoing a l...
by cherijoh
Mon Jun 17, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 35
Views: 2830

Re: Looking for help with my parents' finances - dad's death, RMDs, social security

On a subjective issue, prepare your mom to be careful about being approached by 'friends/advisors/etc.' who want to give her advice and help her manage her finances now as a recent widow. Observing that you worked with your dad and mom to leave EJ and move to VG, I suspect she is already sensitive ...
by cherijoh
Mon Jun 17, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 35
Views: 2830

Re: Looking for help with my parents' finances - dad's death, RMDs, social security

Mom - both August 1956 - 62 Dad - both October 1950 - 68 - died June 2019 State of residence - WA Mom - just started back to work part time, roughly $1000 a month, job ends in feb. Was receiving medical insurance through dads company retirement, now will need to find new medical insurance. Dad - ha...
by cherijoh
Mon Jun 17, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 3789

Re: Should we retire in 4 years?

yes, SS should be about $40k between wife and I at full retirement age of 67. I guess the bottom line is that we are getting burnt out and we want to get out before we physically wear out. We have never been able to travel except for Winter months, would love the freedom to go places at any time. I...
by cherijoh
Mon Jun 17, 2019 11:19 am
Forum: Personal Investments
Topic: tIRA contribution post tax
Replies: 20
Views: 359

Re: tIRA contribution post tax

Hi all So I have a 401k through work and I max out all possible pretax retirement contributions there. However I just opened a tIRA with Vanguard and put $6000 into it, moved from other money I have in my regular brokerage account, so post tax. My understanding is this is allowed up to that $6000 l...
by cherijoh
Mon Jun 17, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Selling Home - When to Reduce Price?
Replies: 27
Views: 1984

Re: Selling Home - When to Reduce Price?

When we bought the house, it had been on the market 4-5 months Are you saying that he was the listing agent on the house last time it sold (i.e., when you bought it)? And it took him 4 - 5 months to sell it to you? And that this is the agent you chose to sell it again? Why? It doesn't sound like yo...
by cherijoh
Mon Jun 17, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 10990

Re: With hindsight, what signs indicated you were about to lose your job?

Hi all, I am curios to hear stories, if you are willing to share them, if any signs that you recognized after the fact that indicated you were about to lose your job (either with or without cause)? Though I do not perceive a job loss is imminent for me, I may act on theses signs in the future by pr...
by cherijoh
Mon Jun 17, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Selling Home - When to Reduce Price?
Replies: 27
Views: 1984

Re: Selling Home - When to Reduce Price?

When we bought the house, it had been on the market 4-5 months We bought the house from the agent and did not shop agents, which was probably a mistake. He is very nice but pretty old school. Are you saying that he was the listing agent on the house last time it sold (i.e., when you bought it)? And...
by cherijoh
Mon Jun 17, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Selling Home - When to Reduce Price?
Replies: 27
Views: 1984

Re: Selling Home - When to Reduce Price?

My house has been on the market for 23 days with no showings. This seems somewhat normal for my area, though. How much should I reduce the price by? Home Situation Priced at $425k Not in prime area or school district Homes nearby range from $350k-$500k New construction and completely updated A comp...
by cherijoh
Sat Jun 15, 2019 1:34 pm
Forum: Personal Investments
Topic: First Post! Portfolio Review Needed
Replies: 34
Views: 3562

Re: First Post! Portfolio Review Needed

How much would you need to increase your monthly mortgage payment, in order to have the mortgage entirely paid off by the by time you oldest child starts college? A lot. Total outstanding is $489,000 at 4.125%. Monthly principal and interest is approx. $2,400, with about $750 going to principal and...
by cherijoh
Sat Jun 15, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: 11 days. England, Ireland or Scotland?
Replies: 31
Views: 2031

Re: 11 days. England, Ireland or Scotland?

I'm going to suggest something that I haven't seen brought up here yet. A package tour of one of those countries. We did a 10 day tour with Odyssey's Unlimited in Ireland. Small group of 12 people on a tour bus with a great guide. We learned about the history, culture, current events of Ireland alo...
by cherijoh
Sat Jun 15, 2019 12:43 pm
Forum: Personal Investments
Topic: First Post! Portfolio Review Needed
Replies: 34
Views: 3562

Re: First Post! Portfolio Review Needed

I think your plan is fine. You are saving a lot of money! The rollover IRA will interfere with your wife doing the back door. But it does not affect you. It might be possible for her to roll her rollover IRA into Her 4003b. You should check that. The other thing you could do is put more into her 40...
by cherijoh
Sat Jun 15, 2019 12:16 pm
Forum: Personal Consumer Issues
Topic: 11 days. England, Ireland or Scotland?
Replies: 31
Views: 2031

Re: 11 days. England, Ireland or Scotland?

I'm going to suggest something that I haven't seen brought up here yet. A package tour of one of those countries. We did a 10 day tour with Odyssey's Unlimited in Ireland. Small group of 12 people on a tour bus with a great guide. We learned about the history, culture, current events of Ireland alo...
by cherijoh
Sat Jun 15, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: My Bad Experience With Angie's List
Replies: 36
Views: 4033

Re: My Bad Experience With Angie's List

:thumbsup for word of mouth. I used to use Angie's list when it was a paid service, but I don't like their current model. I am fortunate to have a good handyman - who (you guessed it) came from word of mouth. I have asked him for recommendations when the job wasn't in his skill set - i.e., painters ...
by cherijoh
Fri Jun 14, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Please help - Planning for Baby #2
Replies: 6
Views: 630

Re: Please help - Planning for Baby #2

Do you have multiple student loans or one consolidated one? If multiple please list the principal due and interest rate on each individual loan. If one loan, what is the interest rate?
by cherijoh
Fri Jun 14, 2019 4:53 pm
Forum: Personal Investments
Topic: Portfolio Review 37yo Post Divorce
Replies: 8
Views: 1835

Re: Portfolio Review 37yo Post Divorce

Long time reader, finally getting up the courage (and organization) to post, suggestions greatly appreciated. Thanks for reading! Emergency Funds – 4 months Debt: -$50k of professional school debt on a standard repayment plan being paid by my employer through a public service debt repayment program...
by cherijoh
Fri Jun 14, 2019 3:16 pm
Forum: Personal Investments
Topic: DIY for UHNW
Replies: 41
Views: 2802

Re: DIY for UHNW

I invested a lot in the two tax-managed funds years ago and they've been fine for me, but I notice nobody talks about them much any more. Most of the posts from people seeking feedback on their investments are not UHNW investors. Many of the non-UHNW Bogleheads have a large enough percentage of the...
by cherijoh
Fri Jun 14, 2019 1:08 pm
Forum: Personal Investments
Topic: My Retirement "Catch Up" plan. Please help/critique.
Replies: 23
Views: 3243

Re: My Retirement "Catch Up" plan. Please help/critique.

My updated plan agenda: .... no Individual stocks, Welcome HSA, aggressive contribution and investment, high fees are bad, but since balances low, focusing on high growth ... no bonds. No more dividend heavy investing, for now. Old company 401k , small balance, under 40k. Right now split 50/50 betw...
by cherijoh
Fri Jun 14, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: Alternatives to car rental for three months?
Replies: 53
Views: 3285

Re: Alternatives to car rental for three months?

Unless you're staying someplace that's a summer tourist hotspot, $1,000 sounds very high for a month. You should be hitting closer to $600-$700. If there is an Enterprise or Hertz neighborhood (NOT airport or hotel) location near where you'll be staying, you might try calling that location directly...
by cherijoh
Fri Jun 14, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Currently Viable Refinance Options when 30-YR Mortgage is Currently at 3.875%?
Replies: 19
Views: 1184

Re: Currently Viable Refinance Options when 30-YR Mortgage is Currently at 3.875%?

I currently have a 30-year fixed mortgage at 3.875% with a $383,000 balance and 326 payments (27 years, 2 months) left. Monthly payment is $1901.67. House is worth about $700,000 and is a single-family residence. State of residence is Colorado. Given the current rate environment and my requirements...
by cherijoh
Fri Jun 14, 2019 10:48 am
Forum: Personal Consumer Issues
Topic: Do you repair your own appliances?
Replies: 65
Views: 3288

Re: Do you repair your own appliances?

My next project is trying to diagnose why the washer occasionally doesn’t spin properly leaving the clothes soaking wet at the end of cycle. This one is proving to be tricky. :annoyed Perhaps a clutch. We bought a used washer, which came with a short warranty period. Almost immediately it quit spin...
by cherijoh
Fri Jun 14, 2019 10:37 am
Forum: Personal Investments
Topic: 1st world Problem unease [asset allocation question]
Replies: 6
Views: 530

Re: 1st world Problem unease [asset allocation question]

Looking for suggestions on relieving some Asset Allocation uneasiness at current age of 75 . Background: IRA 43% of total portfolio taking RMD AA is 63% stock/37% fixed (ratio I am at ease with); 2 Roth IRA 15% of total (never expect to tap into) 100% stock - also at ease with; Taxable 42% of total...
by cherijoh
Fri Jun 14, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine months
Replies: 22
Views: 2407

Re: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine mo

I closed several credit cards around the same time so I have no idea which one this was. The good news is it is not big money at stake. Usually the company issuing the refund will provide you with the type card and last 4 digits (e.g., Visa ending in 1234). Did you keep no record of the credit card...
by cherijoh
Fri Jun 14, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine months
Replies: 22
Views: 2407

Re: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine mo

Well I knew my card was canceled (bank had an issue on their end and reissued a different card) I was able to get a manager over ride to put on a different card. I think you will get a check at some point. If the credit card issued you a new card, it only changed the number on the plastic. The CC c...
by cherijoh
Fri Jun 14, 2019 9:36 am
Forum: Personal Investments
Topic: Roth IRA or no?
Replies: 18
Views: 1476

Re: Roth IRA or no?

What happens if I open a roth IRA now, contribute for a few years, then we do happen to go over max allowable married filed jointly income mandated by the government? Would I then have to transfer the roth into a traditional IRA? No, you can keep the Roth and everything in it. You would simply be u...
by cherijoh
Fri Jun 14, 2019 9:27 am
Forum: Personal Consumer Issues
Topic: 40+% increase in auto policy (GEICO) - normal?
Replies: 74
Views: 4224

Re: 40+% increase in auto policy (GEICO) - normal?

I used to be with Progressive and then with Geico. I used to shop around myself every 6 months wasting hours to not really save much money. Last year I went to a broker and I was able to get car insurance and homeowners insurance for the same price I was previously paying just for car insurance. De...
by cherijoh
Fri Jun 14, 2019 8:49 am
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 88
Views: 6056

Re: Do Fidelity Offices/Advisors Add Value?

Do you have children that can be trusted with managing your assets? If your wife is not into money management, having responsible and capable child(ren) can be the next best thing. Alternatively, you can set up VG PAS in advance and treat the annual AUM fee as an insurance against possible future m...
by cherijoh
Thu Jun 13, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: Fixing financial "leakage" - what do you do?
Replies: 23
Views: 3315

Re: Fixing financial "leakage" - what do you do?

What does everyone else do? Here are my additions: My preferred grocery store offers a 5% senior discount (60+) on Thursdays for which I am now eligible so I've switched my weekly shopping day to Thursday I recently discovered that the same store will match competitor's "$X off if you spend $Y" - I...
by cherijoh
Thu Jun 13, 2019 2:34 pm
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 86
Views: 8392

Re: How safe are pensions in the U.S.?

This is the overall position as I understand it (not being US based): 1. Private sector pensions that fall under PBGC (single employer) are reasonably safe EXCEPT - the PBGC is running a deficit and AFAIK US Congress has not made any moves to address that (but in principle the deficit is not so lar...
by cherijoh
Thu Jun 13, 2019 1:53 pm
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3347

Re: Purchasing home with less than 20% downpayment experiences?

I was wondering, for those of you who purchased a home with less than a 20% downpayment, what was your experience like? Did the costs end up being higher than you anticipated? Were there hidden issues that you did not foresee?? Were your rates higher as a result? And would you recommend it? I am co...
by cherijoh
Thu Jun 13, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are your NOT buying rental properties?

I get it. I have been there. But now, those “reasons” sound more like excuses to me (no disrespect). Here are my answers: Trashy tenants: Buy in a good neighborhood. Trashy people can’t afford to live in a good neighborhood. A good property manager should be able to screen them out (credit history,...
by cherijoh
Thu Jun 13, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are your NOT buying rental properties?

student wrote:
Wed Jan 16, 2019 4:35 pm
I am afraid of having a bad tenant. viewtopic.php?t=191039
Yeah, I remember that thread. It made my tenant horror stories look inconsequential in comparison!
by cherijoh
Thu Jun 13, 2019 8:19 am
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 86
Views: 8392

Re: How safe are pensions in the U.S.?

Public sector pensions are not protected by PBGC. Their relative security varies widely, depending on the location and whether it is a city, county, or state pension. There are several examples of places where promises outstrip the localities ability to pay since they can only raise taxes so far. D...
by cherijoh
Thu Jun 13, 2019 6:34 am
Forum: Personal Investments
Topic: Donor Advised Fund - what to contribute
Replies: 18
Views: 1129

Re: Donor Advised Fund - what to contribute

Thanks to everyone for your thinking so far. OK, more detail about the funds, amounts and cost basis... Two Goals: A. Minimize taxes. B. Long term to have most assets in this account sitting in low ER broad-based passive funds like VTSAX. I plan to move $160K into a DAF this year. I am in a high ta...
by cherijoh
Thu Jun 13, 2019 6:18 am
Forum: Personal Investments
Topic: Donor Advised Fund - what to contribute
Replies: 18
Views: 1129

Re: Donor Advised Fund - what to contribute

I've recently opened a Donor Advised Fund. I will make a contribution from my taxable Vanguard brokerage account. The questions is how should I select the funds to contribute from my taxable account - I have some highly appreciated assets, as well as some funds with moderate/low LTCG but with high ...
by cherijoh
Thu Jun 13, 2019 5:56 am
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 86
Views: 8392

Re: How safe are pensions in the U.S.?

I read a lot of articles about pensions failing, benefits getting cut, etc. But my understanding is that most pensions are guaranteed by the PBGC, so participants generally won’t lose their promised benefits if the company goes bankrupt or can’t meet their obligations. I am not sure about benefits ...
by cherijoh
Thu Jun 13, 2019 5:10 am
Forum: Personal Consumer Issues
Topic: Clearing customs in Seattle
Replies: 26
Views: 4247

Re: Clearing customs in Seattle

If I were buying TSA Precheck today, I would pay the extra and get Global Entry at the same time. I'm an 80 year old grandpa, so I cannot refrain from adding, one should be sure to carry-on any medicines and change of underwear in case of having to stay overnight due to missed connection. Although ...
by cherijoh
Thu Jun 13, 2019 5:07 am
Forum: Personal Consumer Issues
Topic: Clearing customs in Seattle
Replies: 26
Views: 4247

Re: Clearing customs in Seattle

Are you actually buying one airline ticket or two? If it's one, then the airline knows how much time you need when they sell you the ticket. If the flight is late getting into Seattle and she can't make her connection, they will rebook her to the next flight to Chicago. In short, when coming back t...