Search found 4783 matches

by cherijoh
Sat Jul 21, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 136
Views: 15863

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

It's kind of fun to NEVER have to worry about the pay off debt or invest question again. Although I guess there is always the question of "should I borrow to buy this or just pay cash for it." I often wonder why more folks don't suggest saving beforehand in order to pay cash for their home, rather ...
by cherijoh
Sat Jul 21, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 136
Views: 15863

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay off the mortgage, once you do that the house is yours and yours only, no one can take it away. What happens if you lose your job? I would be concerned with that since you have a non-working spouse. What ever payments you were making on the house I would funnel that to brokerage. I am in...
by cherijoh
Sat Jul 21, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 136
Views: 15863

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I am torn between: 1) Just sending it all to my after-tax brokerage account and buying some low-cost index (like VT) , Or, 2) Using $210K of it to pay off my 30-yr-fixed-3.625% mortgage (28 years remaining on it) and then the remainder (~ $120K) to the after-tax brokerage. - I am already maxing out...
by cherijoh
Sat Jul 21, 2018 9:04 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 66
Views: 8125

Re: I may have understood why it's so hard to save and invest

My portfolio is a beast of its own. It does its thing, I do mine. I can make or lose many thousands of dollars in a day, depending on what the market does. My contributions are mostly meaningless. The beast grinds on. It grows, throws tantrums, shrinks, explodes, sulks, takes off, whatever. In the ...
by cherijoh
Sat Jul 21, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 66
Views: 8125

Re: I may have understood why it's so hard to save and invest

There's little to no instant gratification involved with long-term investing, so if that's what you're looking for (as your post suggests), you need to reorient your approach. If you can learn to 1) make as much of your investing as "set it and forget it" as possible, e.g. by automatically investin...
by cherijoh
Sat Jul 21, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 56
Views: 6895

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

mouses wrote:
Sat Jul 21, 2018 7:39 am
cherijoh wrote:
Thu Dec 28, 2017 6:48 pm
You can check your car by VIN number for recalls here.
This must have some age cutoff, since it does not recognize either of my cars by vin.
Could be. How old is your car? Mine's a 2010.
by cherijoh
Sat Jul 21, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 127
Views: 12609

Re: Salary vs. Lifestyle

While I realize that this is a personal choice, I was wondering if others out here have grappled with the "take the pain now, and enjoy more life's later" argument? When I started my business 8 years ago I spent a ton of time...working. I had a lot of business lined up and was making a good deal of...
by cherijoh
Sat Jul 21, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 127
Views: 12609

Re: Salary vs. Lifestyle

At every opportunity, I have chosen lifestyle. Once I made enough to pay my expenses and save, I chose shorter commute, predictable and reasonable hours, more vacation, and better benefits over more pay. The two main drivers were stress that caused me to sleep poorly and the desire to have a family...
by cherijoh
Sat Jul 21, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: BB&T banking
Replies: 6
Views: 635

Re: BB&T banking

Does anyone use bb and t banking here. I am getting charged 3 dollars for external transfers to Vangaurd and fidelity for ever transaction...I’m surprised by this and am wondering if other have encountered this or if there is a work around. Thanks as always. OP, assume you are initiating the transf...
by cherijoh
Fri Jul 20, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 3752

Re: Selling mom's house

The house needs some TLC. Before my sister and her kids moved in, it was a nice house (only about 10 years old). After my sister moved in, the house was destroyed and now will take a lot to fix it up (new roof, new cabinets, paint, sheet rock, new decks, etc..) What recourse do we have if she refus...
by cherijoh
Fri Jul 20, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact
Replies: 33
Views: 3924

Re: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact

I don't think you need a wealth manager, but if you want advice and someone to ask investment and market questions of (besides us), you could try Vanguard PAS. They work with people with much larger portfolios than yours, use the same basic 3-4 fund approach we'll recommend, and are guaranteed not ...
by cherijoh
Thu Jul 19, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4314

Re: Heresy: Is It Worth Converting tIRAs to Roth?

A marginal case when you are both alive may well become advantageous for conversion should one be widowed and have to file at single rates. You ought to look at your income and tax picture for both cases of one out-living the other. In any case, I would like to have a stash of funds available witho...
by cherijoh
Thu Jul 19, 2018 6:28 am
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4314

Re: Heresy: Is It Worth Converting tIRAs to Roth?

Look, you could get the best tax deal by having your husband stop work immediately so you have years of low income to convert. But you say he loves the job. Life is not about getting the absolute best tax rate. Let him know he can quit if he ever wants and prepare to pay taxes with equanimity, know...
by cherijoh
Wed Jul 18, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Buy a vacation home while renting
Replies: 61
Views: 3535

Re: Buy a vacation home while renting

Being able to go spur of the moment (which you say you want to do due to unpredictable schedules) seems at odds with a desire to rent it out when you're not using it. +1 The times that it is easiest to rent (or will rent at the highest price/night) will probably match the times when you are most li...
by cherijoh
Wed Jul 18, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: 35 minute connection for flight, long enough?
Replies: 65
Views: 3269

Re: 35 minute connection for flight, long enough?

35 minutes is very tight. The Denver United terminal is large and even if your first flight is on time you may be a long walk/run from the gate for the second flight. United generally doesn't hold planes even if they have a plane full of connecting passengers come in late. I once got in late to Den...
by cherijoh
Wed Jul 18, 2018 8:18 am
Forum: Personal Consumer Issues
Topic: 35 minute connection for flight, long enough?
Replies: 65
Views: 3269

Re: 35 minute connection for flight, long enough?

I'm booking our Christmas flights. Is a 35 minute connection in Denver long enough? Seems like a close call, but all the other flight schedules are terrible and costly. It's United. Second, I've got a bunch of Chase rewards, should I got through the Ultimate rewards website or transfer to United? s...
by cherijoh
Wed Jul 18, 2018 8:18 am
Forum: Personal Consumer Issues
Topic: 35 minute connection for flight, long enough?
Replies: 65
Views: 3269

Re: 35 minute connection for flight, long enough?

I'm booking our Christmas flights. Is a 35 minute connection in Denver long enough? Seems like a close call, but all the other flight schedules are terrible and costly. It's United. Second, I've got a bunch of Chase rewards, should I got through the Ultimate rewards website or transfer to United? s...
by cherijoh
Wed Jul 04, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Disappointed with Fidelity 401k
Replies: 36
Views: 3515

Re: Disappointed with Fidelity 401k

I recently changed employers and with that the 401k plan that I'm offerred is now through Fidelity. I know that much of a 401k plan including fees and investment choices are decided by the employer but the level of service that I've received from Fidelity has been lacking and doesn't inspire confid...
by cherijoh
Thu Jun 28, 2018 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Disappointed with Fidelity 401k
Replies: 36
Views: 3515

Re: Disappointed with Fidelity 401k

I recently changed employers and with that the 401k plan that I'm offerred is now through Fidelity. I know that much of a 401k plan including fees and investment choices are decided by the employer but the level of service that I've received from Fidelity has been lacking and doesn't inspire confid...
by cherijoh
Thu Jun 28, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Loan to Max Out 401(k)
Replies: 28
Views: 1614

Re: Loan to Max Out 401(k)

Apologies for the potentially dumb question, but I live in a very high-tax jurisdiction (New York City), and while I do alright, I don't make enough to max out my 401(k) contribution ($18,500/yr) comfortably. To contribute the max would seriously put a damper on my lifestyle. So, I was considering ...
by cherijoh
Thu Jun 28, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey against index funds?
Replies: 57
Views: 5709

Re: Dave Ramsey against index funds?

Hi all- I have been listening to Dave Ramsey lately and noticed there is a theme: he is against investing in index funds and believes you can find funds that beat the market. Well I’m a relatively young investor (30 years old) and predominantly invest in low cost index funds based on all the knowle...
by cherijoh
Wed Jun 27, 2018 9:03 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 11732

Re: When did you start flying business class?

We work now with an agent who helps with getting us good awards tix (on good flights/routes), and he had also suggested that upgrades weren't a good use of points, at least for the programs we participate on. If I can't easily get the F or J awards tix we want, we just turn it over to him. (When we...
by cherijoh
Wed Jun 27, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 11732

Re: When did you start flying business class?

Our experience is on United for points/miles upgrades. No, you do NOT need to buy a full fare economy ticket to upgrade. We recently went to Spain (economy tix was $450/ea) and used points/miles to upgrade. Based on the fare code paid, there are varying amounts of points/dollars needed. Here is Uni...
by cherijoh
Wed Jun 27, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 11732

Re: When did you start flying business class?

[ I make closer to one million a year than to 500k. But will not be making this kind of money forever. I plan to transition to a position that pays a more “modest” 450k to 500k in a few years. Will retire at age 55. Our monthly household expenses is about 15k. Clearly I have the money to pay for th...
by cherijoh
Wed Jun 27, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 11732

Re: When did you start flying business class?

I started flying exclusively in business or first class in 1999. I am a giant and could no longer fit in the seats when they started making everything smaller. For personal travel I budget the cost in. For business travel I have worked with my company to get approval, and it is considered a "medica...
by cherijoh
Wed Jun 27, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 11732

Re: When did you start flying business class?

For a short time we flew sales to Europe in business class but then economy fares started hitting $300-400 per person, round trip. I can also often find routings with some better than average coach seats like row 45 on Lufthansa's 747-8. There are also some relatively frequent $2,000-2500 RT flight...
by cherijoh
Wed Jun 27, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 11732

Re: When did you start flying business class?

michaeljc70 wrote:
Sat Jun 23, 2018 7:25 pm
To South America it is often 5x the price to go business class. In the past it was around $900 coach, $5000 business, and $9000k first to Buenos Aires.
That's an expensive 1st class ticket. :wink: I think you meant to type $9k.
by cherijoh
Wed Jun 27, 2018 7:43 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 11732

Re: When did you start flying business class?

Consider premium economy. It turns a hellish long flight into a survivable and almost pleasant long flight at a much more reasonable price point. For long fights (14 hrs+), does premium economy make a difference over economy even if one isn't tall or heavy? IMO, yes. One issue in regular coach is t...
by cherijoh
Wed Jun 20, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: dryer vent cleaning--your thoughts?
Replies: 44
Views: 6603

Re: dryer vent cleaning--your thoughts?

I usually clean the dryer vent myself but I was thinking about getting it cleaned professionally. My dryer is taking longer to dry. I was wondering what people here do. Have you used a professional cleaning service or are you a do-it-yourself-er? If you have used a service, what service would you r...
by cherijoh
Wed Jun 20, 2018 7:52 am
Forum: Personal Consumer Issues
Topic: Air conditioner compressor replacement cost
Replies: 31
Views: 2879

Re: Air conditioner compressor replacement cost

One of my AC unit is not working. A repairman came and told me that the AC compressor needs to be replaced. Also need to get new refrigerant/filter as part of the job. My current AC unit is a 5-ton Lennox, bought in 2012. And the warranty is 5 years. :oops: I was quoted a total cost of $2300 includ...
by cherijoh
Wed Jun 20, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12211

Re: Retire at 50: Should I?

You're assuming ACA or other health coverage will be available to you at some price. That's the serious risk--together with no Long Term Care coverage--I see with your plan. Other financial aspects look fine IMO although I didn't run sensitivities for lower returns. In a recent lawsuit, it APPEARS ...
by cherijoh
Wed Jun 20, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12211

Re: Retire at 50: Should I?

[*]I have a spending budget after income tax of $90,000/year or 2.9% Yes, you should be fine spending under 3% of $3 million. Even if your investments only kept up with inflation over the long run, that would last for 33 years or until you are 83 and your wife is 87. That is more than your expected...
by cherijoh
Wed Jun 20, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12211

Re: Retire at 50: Should I?

annielouise wrote:
Mon Jun 18, 2018 6:28 pm
I'm about the most pessimistic person on here when it comes to "can I retire" posts, and even I will say "yes!"
I think KlangFool holds that honor! :wink:
by cherijoh
Wed Jun 20, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12211

Re: Retire at 50: Should I?

Short Version: $3.1M invested at age 50. Can I quit and go fishing now? Please? Long Version of the question: I am about to pull the plug and retire, but would first like some outside views on whether it’s advisable. Online calculators indicate we'll be OK, but I’d appreciate any observations or ad...
by cherijoh
Tue Jun 19, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Road trip Pennsylvania,Maryland,and DC
Replies: 97
Views: 5164

Re: Road trip Pennsylvania,Maryland,and DC

Ok,let’s skip Pittsburgh.I thought there might be a lot of stuff to see driving to Philly. We are adding a week to an already planned trip where we originally flew in to DC on Oct 2. We have never seen Maryand and the Philly area.I was also considering going to Delaware only because we are on a que...
by cherijoh
Tue Jun 19, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 55
Views: 5484

Re: Do you cancel old credit cards?

Almost every penny I spend except the mortgage goes on a card. I time new cards to coincide with insurance, taxes, travel, remodeling projects, holidays with gifts etc. Sign up bonuses usually work out to around 10-15% return which will also cover some fees for card use. I prefer cash but I'm also ...
by cherijoh
Tue Jun 19, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: Carpet Installers- Tipping?
Replies: 22
Views: 1642

Re: Carpet Installers- Tipping?

I have never tipped contractors of this sort - for example painters, appliance installers, etc. Not for a standard job. I would make an exception say for a mover if they managed to maneuver a big piece of furniture through an awkward corridor or up the stairs without dinging the walls. I don't think...
by cherijoh
Tue Jun 19, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4383

Re: Tracking spending before retirement useful for estimating retirement expenses?

Thanks for the thoughtful response. We are not likely to go from shopping at Target to Nordstroms. But, here are the many ways our lives will be very different: In our working, kid raising, years, we chose where to live based on availability of jobs, quality of school districts, etc.; other conside...
by cherijoh
Tue Jun 19, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4383

Re: Tracking spending before retirement useful for estimating retirement expenses?

I think of our pre-retirement expenses as a baseline for our retirement expenses (now semi-retired). Once you have the baseline, then you make adjustments based on how your life will change once you are retired. So far, our expenses are similar or have changed in ways that were predictable. Trackin...
by cherijoh
Sun Jun 17, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax Strategy
Replies: 7
Views: 1082

Re: Capital Gains Tax Strategy

Consider the situation where you will be liquidating a good chunk of (Vanguard mutual fund) stocks in the near future (in my case for a home down-payment). What tax strategy would you choose for selecting which shares to sell? 1) Minimize tax rate (sell only long-term capital gains with the lowest ...
by cherijoh
Sun Jun 17, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: A different theoretical view of SWR
Replies: 63
Views: 3979

Re: A different theoretical view of SWR

If you're like me and believe that churning calculations of historical market returns is not a useful exercise for predicting future returns, you're still left with everyone's problem: how to determine a SWR. From a theoretical perspective I've come to believe that over the long term reasonable inv...
by cherijoh
Sun Jun 17, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3641

Re: Standard buyer's remorse or poorly timed enlightenment?

Hi all! I'm a long time occasional lurker who's posting for the first time, so please excuse any poor etiquette. I'll try to give you the cliffs notes and can fill in the details if needed. In short, we recently bought a new home to fit our expanded family. We're 4 in total, ages 35, 35, 4, and 7 m...
by cherijoh
Sat Jun 16, 2018 8:32 pm
Forum: Forum Issues and Administration
Topic: Cancelation of Notifications
Replies: 11
Views: 887

Re: Cancelation of Notifications

yousha wrote:
Sat Jun 16, 2018 8:24 pm
I would appreciate help in finding out how to cancel notifications if it no longer needed by myself. I am a 80 year old vision impaired male who is not learned in technical language and would like simple step by step language. I thank you.
Cancel notifications of what?
by cherijoh
Sat Jun 16, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16709

Re: Should I take possession of a certified mail?

I would not pay a deposit to a contractor. I would pay when the work is done to my satisfaction. I have paid some of the money up front to a painter for materials. I think it was 1/4 - 1/3 of the quoted price. The painter came highly recommended and did a great job. But apparently he'd been burned ...
by cherijoh
Sat Jun 16, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Should fixed income allocation necessarily change over the years?
Replies: 11
Views: 719

Re: Should fixed income allocation necessarily change over the years?

I'm in my late 50s and hope to retire, or at least be able to retire, when I'm 65. After a couple of years of reading and reflecting and fiddling, I arrived at an asset allocation with which I'm perfectly comfortable: 30% Fixed Income 35% US Equity 15% International Equity 10% US REIT 10% Berkshire...
by cherijoh
Sat Jun 16, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: I feel like selling my 3 fund
Replies: 57
Views: 7763

Re: I feel like selling my 3 fund

I started investing in Feb 2017 and Im ashamed to say that Ive already been thinking recently a lot about selling and going into fixed income for a couple of years because everyone is expecting a downturn. Im thinking I can sell now and get into something more stable until we are at the bottom of a...
by cherijoh
Fri Jun 15, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: $75,000 bonus - help me with my plan
Replies: 20
Views: 2420

Re: $75,000 bonus - help me with my plan

Hi everyone, Not sure if I am posting this in the correct area but mods can move it if needed. :) I am receiving a $75,000.00 pre-tax bonus (sales commission, to be specific) exactly one month from now and I am trying to plan on how best to utilize these funds. As a salesperson, I have a highly var...
by cherijoh
Fri Jun 15, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3848

Re: Non-alcoholic drinks for wedding

Check our this webpage for some possibilities.
by cherijoh
Fri Jun 15, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3848

Re: Non-alcoholic drinks for wedding

If you're going to serve soda (what in the world is pop?! :) ), I recommend seeing if there are any craft soda makers in your area. Lots of microbreweries also make soda, and it's relatively easy to buy a keg of craft soda--fruit sodas, root beer, etc. You can also rent "slushee" type machines you ...
by cherijoh
Fri Jun 15, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 73
Views: 7755

Re: Taking $1M+ Long Term Capital Gains

I have accumulated over $2M LT CG. What is the best strategy to take the gains ? I am thinking 2018 will be the last bull year and I would like to unwind soon. What is the optimum LT CG that I should take in a year keeping in mind the tax brackets? The gains are in personally managed individual sto...