Search found 4561 matches

by cherijoh
Sat Apr 21, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Settlement Offer -- Accept or Wait?
Replies: 23
Views: 755

Re: Settlement Offer -- Accept or Wait?

Have you contacted your insurance company? When I was rear-ended and my car was totaled, my insurance company paid my claim and then went after the at-fault driver's insurance for reimbursement. (I forget what this is called, but it is a common practice). I was told that I could still make claims fo...
by cherijoh
Sat Apr 21, 2018 7:38 am
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 79
Views: 4905

Re: NYT article: Everyone should hire a financial planner

"What is the correct weight..." suggests to me that you think that there is a specific answer that can be known in advance. Whatever gave you that idea? IMO there are some answers that are definitely wrong (like performance chasing and buying at a peak and panic selling at a low), but there are a r...
by cherijoh
Fri Apr 20, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 79
Views: 4905

Re: NYT article: Everyone should hire a financial planner

Why do you need state of the art? There is real value in letting go of that requirement since investing results don't yield to the pursuit of expertise. It's fine if it's your hobby, or you have a complicated business or estate but the discussion is whether everyone should hire a financial planner....
by cherijoh
Fri Apr 20, 2018 3:53 pm
Forum: Personal Consumer Issues
Topic: New retirees: so whatdayathink ?
Replies: 36
Views: 2908

Re: New retirees: so whatdayathink ?

I'm several months away, but I use the analogy of a racehorse standing just behind the starting gate at the Kentucky Derby. All I can do is look across to the other side as I impatiently wait for the gun to sound off. I spent the week at a mandatory work related conference. I could not focus, it wa...
by cherijoh
Fri Apr 20, 2018 3:36 pm
Forum: Personal Consumer Issues
Topic: Refund on Extended Service Contract?
Replies: 8
Views: 452

Re: Refund on Extended Service Contract?

In my state you have only 3 days to rescind these things by law.
by cherijoh
Fri Apr 20, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Online Banking Question
Replies: 9
Views: 446

Re: Online Banking Question

I have used USAA exclusively as my bank and provider of insurance for the past 5 years. I currently have a checking and savings account, credit card, renters, car and umbrella insurance policy - all through USAA. I'm now finishing medical training and will be saving aggressively for a home downpaym...
by cherijoh
Fri Apr 20, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: New car hit accident - loss of dimished value
Replies: 19
Views: 1337

Re: New car hit accident - loss of dimished value

Hi Thanks for looking out and giving suggestion. My one month old 2018 CRV EX AWD with just 1000 miles got rear ended by another car. No air bag deployed and other car got totalled. Since we both are in same insurance, fixing my car is not much pain and insurance/body shop gave life time warranty f...
by cherijoh
Fri Apr 20, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - On the fence, need sanity check
Replies: 47
Views: 7431

Re: Early Retirement - On the fence, need sanity check

Retirement approved. +1. The way your pension is set up, you either have the pension or SS taking care of $50K. That means you need about 25 X $25K = $625K to support the balance of your expenses. You have that plus an extra $100K. $75K also sounds like a budget that likely has some flexibility. Co...
by cherijoh
Wed Apr 18, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 103
Views: 10037

Re: Quitting job - what to do if getting walked to the door

In many years as a manager at a large technology company I have never walked anyone the same day nor have I seen anyone getting walked to the door the same day even if they went to a direct competitor (which is very common). So it very much depends on the company. I have also never understood what ...
by cherijoh
Wed Apr 18, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: need advice on retired mom's ira account
Replies: 10
Views: 580

Re: need advice on retired mom's ira account

She has to begin taking distributions (RMDs) at age 70.5 on a traditional IRA. Any money moved to a Roth isn’t subject to RMDs. Suggest that you do a search on “inherited Roth IRA.” If you inherit one, you’ll have to take withdrawals but not pay taxes as long as the Roth is 5 years old. There does ...
by cherijoh
Wed Apr 18, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: need advice on retired mom's ira account
Replies: 10
Views: 580

Re: need advice on retired mom's ira account

I need your advice on my mom's retired IRA account. She doesn't need the money, she is 69 years old, its a traditional IRA . She has about 300K in traditional IRA money. She has enough in pension and social security money and wants to ultimately leave the money to her children (me and bro). We don'...
by cherijoh
Wed Apr 18, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes Question -- Help!
Replies: 14
Views: 912

Re: Estimated Taxes Question -- Help!

...so now I have a major mess on my hands. Do you really have a "major mess" or is the only problem that you didn't know estimated payments were made April, June, September and January? I would think you could somehow adjust your cash flow or borrow from Peter to pay Paul in order to make the four ...
by cherijoh
Wed Apr 18, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 129
Views: 10966

Re: Can I retire at age 40?

I came up with the 6% based off half of this https://www.daveramsey.com/blog/the-12-reality And finding other data that seemed to reflect 8/10 average per year on average over time. Definitely realize that there are terrible times in the market. We are probably heading into one sometime in the next...
by cherijoh
Wed Apr 18, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 129
Views: 10966

Re: Can I retire at age 40?

OP- Do it brother! I retired at age 42. Fortunately I didn't ask for advice- I'm sure I would've been told to keep working. My net worth has nearly tripled since I retired 9 years ago. Work sucks- don't wait until you're old to enjoy your money. So you retired near the beginning of a really long bu...
by cherijoh
Wed Apr 18, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 129
Views: 10966

Re: Can I retire at age 40?

2.8 Mil? Yup. I sure as heck would give it a run. Try and live off of 80k a year and spend some time with the family. Love the folks who claim it's impossible to support a family of 5 on a $2.8 Mil best egg. I guess we all need someone paying into social security to keep it afloat. There is a big d...
by cherijoh
Wed Apr 18, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 129
Views: 10966

Re: Can I retire at age 40?

Mid-life crisis. I'm there too. Find another position or scale back. Thank goodness your wife works for the school system? She should have a group health policy? My wife is a teacher and we do. It isn't the OP whose wife is a school teacher. OP hasn't said anything about his wife currently working ...
by cherijoh
Wed Apr 18, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 129
Views: 10966

Re: Can I retire at age 40?

work the stock market for my future finances. (Aka new job) We've been in a mostly bull market environment for the past 9 years. So sure, you've had a lot of winners. Are you ready for a bear market? The reason we say 3% or 4% is because a good chunk of your money should be in bonds or CDs to weath...
by cherijoh
Wed Apr 18, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Corporate Leveling
Replies: 22
Views: 2335

Re: Corporate Leveling

I’ve worked for several places where corporate leveling has happened. Never heard of anyone being offered a pay cut, though. Usually, pay grades have really wide salary bands, so they slot you where you fit and leave your salary the same. If you get slotted into a grade where your salary is near th...
by cherijoh
Wed Apr 18, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Tax day come and gone.....
Replies: 29
Views: 2794

Re: Tax day come and gone.....

My wife and I are deciding if we should consult with a CPA/Tax specialist based on the change in our income as well as tax efficiencies and AMT. We aren't sure if we really have any options to be more tax efficient- hence the hesitation to spend money with above specialist I believe the below is pe...
by cherijoh
Wed Apr 18, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 103
Views: 10037

Re: Quitting job - what to do if getting walked to the door

I can't say for your situation. I'll tell you about mine. I verified our health insurance was covered through the end of the month as long as you are insured on the first. I talked to the health insurance company, not HR. I made sure I was up to date on all my prescriptions. I stayed late on a Frid...
by cherijoh
Wed Apr 18, 2018 7:24 am
Forum: Investing - Theory, News & General
Topic: Your Money Or Your Life
Replies: 49
Views: 6461

Re: Your Money Or Your Life

I was scrolling through the internet today & found a article that the Bogleheads should really enjoy. Your Money Or Your Life & All The Flavors Of Fire. (Financial Independence Retire Early). This is what started it all for me. I hope you enjoy the article. Your looking at the future.... https://ww...
by cherijoh
Wed Apr 18, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Corporate Leveling
Replies: 22
Views: 2335

Re: Corporate Leveling

I’ve worked for several places where corporate leveling has happened. Never heard of anyone being offered a pay cut, though. Usually, pay grades have really wide salary bands, so they slot you where you fit and leave your salary the same. If you get slotted into a grade where your salary is near th...
by cherijoh
Tue Apr 17, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Can I *not* claim all the state tax in my itemized deduction?
Replies: 39
Views: 3945

Re: Can I *not* claim all the state tax in my itemized deduction?

As I understand the question, the OP doesn't want to claim all the non-business deductions to which he is lawfully entitled. Numerous responders have said, "No, that is illegal! You must claim all your [non-business] deductions." I'm here to say that is nonsense. If I donate $10k to charity and cho...
by cherijoh
Mon Apr 16, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can I *not* claim all the state tax in my itemized deduction?
Replies: 39
Views: 3945

Re: Can I *not* claim all the state tax in my itemized deduction?

I'm using TaxAct. Normally each year, the software will claim all of the state tax I've paid (on my W-2) as itemized deduction in my 1040. But after filing state income tax, usually there will be some refund, and next year, they'll send me a form saying "this is how much state tax you've been refun...
by cherijoh
Mon Apr 16, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Higher bond allocations with riskier bonds
Replies: 10
Views: 534

Re: Higher bond allocations with riskier bonds

Why bother? If simplicity is the goal, why not have a portfolio that's 50% stocks and 50% long-term treasury bonds? Nice and simple, and has performed well over the past 30 years (vs. the same 70/30 portfolio with intermediate-term bonds as shown in the first post — the 50/50 portfolio is in red be...
by cherijoh
Sun Apr 15, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Dealing with poorly assigned hotel rooms?
Replies: 41
Views: 3110

Re: Dealing with poorly assigned hotel rooms?

Not sure what you expect management to do if there are no rooms left. Evict the offenders, with the help of hotel security and/or the police. Always book a top floor - for that you may need to check in as soon as possible. Show up at 6 pm and your options are limited. Most hotels are so cheaply con...
by cherijoh
Sat Apr 14, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: 1040 goes into the ether. what now?
Replies: 21
Views: 1626

Re: 1040 goes into the ether. what now?

I do my taxes by hand and then mail them in with tracking. For the first time in like 50 years, the post office has apparently sent the return into the ether. It left Salt Lake on its way to the IRS at Ogden, and then the tracking number says delayed, every day for numerous days. Looking on the web...
by cherijoh
Sat Apr 14, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: HELP - IRS says I owe close to $12,000 for 2016 taxes
Replies: 26
Views: 4303

Re: HELP - IRS says I owe close to $12,000 for 2016 taxes

Did you relative purchase the stock through the brokerage that sold the stock? Does she have any Idea how long she has owned it? If it was purchased through a different brokerage or if she has owned it for a really long time, she may not be able to access old records through the brokerage. FWIW I ju...
by cherijoh
Fri Apr 13, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Where to hold funds for future Roth contribution?
Replies: 18
Views: 935

Re: Where to hold funds for future Roth contribution?

My question would be - what would happen if the taxable TSM is down at the end of the year? I don't think it matters at all because one has all of 2019 and some of 2020 to put money into a Roth IRA for tax year 2019. If TSM is down at the end of the year, then one has the opportunity to buy TSM at ...
by cherijoh
Fri Apr 13, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 9747

Re: Mid-40s in tech - how to pass off as acceptably young

You've narrowed in on your age as an issue, but are you sure that's it? How are you keeping your skills up-to-date? Have you been going to relevant professional society meetings or social gatherings to network with people in your area of specialization and to stay up-to-date? Can you talk with pass...
by cherijoh
Fri Apr 13, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Where to hold funds for future Roth contribution?
Replies: 18
Views: 935

Re: Where to hold funds for future Roth contribution?

livesoft & David Jay, thank you for the replies. As you can see, there are opposing views on this one. David Jay: My current Roth is about 70% Vanguard Total Stock Market Index Fund, is that similar to what you were thinking? Simply fund that with all allocations throughout the year. Thinking forwa...
by cherijoh
Fri Apr 13, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 205
Views: 10637

Re: Work Commute: How far is too far?

What's your limit? Currently the wife make almost 1.75x what I make, but her commute is 65-75 mins each way most days due to traffic, not distance. DC metro area going from MD to VA. Her job has some nice benefits as far as take time off as needed pending manager approval, and can work from home oc...
by cherijoh
Fri Apr 13, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: Farewell gift for office when quitting job?
Replies: 19
Views: 2421

Re: Farewell gift for office when quitting job?

Assuming you are leaving on good terms, it is your employer who should be giving you a farewell gift or reception. I was thinking the same thing. I have never heard of the person leaving treating the team. Were you the boss or an individual contributor? I do like the Rosylenm's idea of writing pers...
by cherijoh
Fri Apr 13, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: help with pension lump sum offer
Replies: 13
Views: 1042

Re: help with pension lump sum offer

Would that $1,157 be adjusted as time goes on for inflation? I'm not sure how much, but in a 7 year period the monthly has gone up by around $141. Thank you. Was that before or after you left your employer? Usually once you leave the pension gets frozen - unless it is a cash balance plan. In that c...
by cherijoh
Fri Apr 13, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: help with pension lump sum offer
Replies: 13
Views: 1042

Re: help with pension lump sum offer

Please, any advise on what to do with the below offer? My former employer pension plan is offering to give a lumpsum or monthly benefits or wait until retirement age, Normal Retirement Date (age 65) is 7/28/2041 . I'm 41 and do not need the money. If I take the lump sum, I will like it to go to my ...
by cherijoh
Fri Apr 13, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 5663

Re: Owners Title Insurance - Super Heavy Handed Pitch

That said, I think this topic deserves a more rigorous analysis than I'm seeing here, and more rigorous than I've come to expect of BH'ers in every other aspect of their financial life. Consider a similar claim about protecting large amounts of assets: "Don't you want a professional financial advis...
by cherijoh
Fri Apr 13, 2018 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Cost Basis/Tax ?s for inherited mutual funds
Replies: 15
Views: 654

Re: Cost Basis/Tax ?s for inherited mutual funds

Questions: My cost basis for all inherited shares should be the closing share price on the date of death correct? <-- Yes Is it correct that some of the shares could be listed as covered and some non-covered? Seems like all shares inherited should have the same reported date of acquisition and cost...
by cherijoh
Thu Apr 12, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 90
Views: 8436

Re: Wanting to leave Fidelity

Most of the times I've needed to link checking accounts, they used the micro-deposit method. That will take a few days. Ally did it where you have to give them your login information. It's fast, but you really have think about how much you trust them. VG used the micro transfer technique to link my...
by cherijoh
Sun Apr 08, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Undecided students and STEM majors
Replies: 50
Views: 3702

Re: Undecided students and STEM majors

Visiting colleges with my high school junior, who is interested in STEM but unsure as to which specific field. Some schools (private, $$$$) admit students and put them through a rigorous core, with exposure to several engineering disciplines, CS, and math. Only after that do they choose a major. Th...
by cherijoh
Sat Apr 07, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 13854

Re: Parents have zero savings. What can I do?

Where I'm from, we take care of our family. I live frugally and make more money so that I can support my family. I could have retired 10-15 years earlier if I just put all the cash to savings. But I never regret taking care of my family. Is that unconditional and unlimited? Non-hypothetical example...
by cherijoh
Sat Apr 07, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Plan Review please
Replies: 43
Views: 3934

Re: Retirement Plan Review please

I was having problems following your accounts, so I reformatted. Is below correct? It looks like your overall AA Is pretty aggressive for your age: 67.9% stocks/17.0% bonds/15.1% cash equivalents 401k: 555,000 total - $549K in Traditional/$6K in Roth 401k Vanguard target retirement 2020 Plus, 365,00...
by cherijoh
Sat Apr 07, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Is Tax CPA really needed for Vanilla Investments ?
Replies: 31
Views: 2452

Re: Is Tax CPA really needed for Vanilla Investments ?

I can understand relying on a CPA when you maybe have a business, rentals etc. However, for a straight salary and simple investments in mutual funds/etfs, do you see any advantage of having tax return done by cpa ? I find I spend more time gathering and explaining the data and fixing their data ent...
by cherijoh
Sat Apr 07, 2018 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Very short term investment
Replies: 17
Views: 1129

Re: Very short term investment

Hi, I'd like to have $$ put aside for yearly vacations. Something that I wouldn't touch for a year but it grows, would a CD make the most sense? I see that Vanguard has 1 year CD at 2.1% (https://personal.vanguard.com/us/FixedIncomeHome). Are there any other options? Thanks Kathy A CD seems very in...
by cherijoh
Fri Apr 06, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Large Single Stock Position - Can't Sell - Retirement Account
Replies: 45
Views: 3057

Re: Large Single Stock Position - Can't Sell - Retirement Account

Why do we have AA? To create a efficient portfolio - to create the best risk adjusted return as possible. One way would be to crave it out into its own asset class. A more standard way is to give the asset a haircut. Illiquid and concentrated positions can be given a haircut in value of 20% to 60% ...
by cherijoh
Fri Apr 06, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: House down payment - Smart for anything between 3.5% and 20%?
Replies: 23
Views: 1637

Re: House down payment - Smart for anything between 3.5% and 20%?

I would encourage a full 20% down payment, as others have mentioned. In the past, you might have pulled off a smaller down payment, but I certainly wouldn't encourage it today. We got lucky and made it work. We had an FHA mortgage with 3% down in late 2010, and it worked out for us due to the parti...
by cherijoh
Fri Apr 06, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: House down payment - Smart for anything between 3.5% and 20%?
Replies: 23
Views: 1637

Re: House down payment - Smart for anything between 3.5% and 20%?

Assuming conventional, they are legally obligated to remove PMI immediately at 78% ltv Ltv based on the value when you got the loan... So appreciation doesn't help unless you shell out for an appraisal. I'm note sure they are required to consider appreciation even if you do shell out for an apprais...
by cherijoh
Fri Apr 06, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Large Single Stock Position - Can't Sell - Retirement Account
Replies: 45
Views: 3057

Re: Large Single Stock Position - Can't Sell - Retirement Account

While I had been counting it as a portion of my US equities allocation, that seems like the wrong approach and should probably be excluded entirely from my allocation. For example, If I am 30% US, I have 10% in XYZ and only 20% in everything else US. I agree with 4nursebee it isn't clear to me from...
by cherijoh
Thu Apr 05, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Second home [buy with retirement funds?]
Replies: 51
Views: 2946

Re: Second home [buy with retirement funds?]

Thanks for all replies. Please keep them coming. Wouldn't it be a huge tax hit if we pull out 750000 from ira/ 401k? My thought based on limited knowledge would be to take out about 80k per year until 2020 rmds. That would take us to the top of the 25% tax bracket, and use that to make payments. Ou...
by cherijoh
Thu Apr 05, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth deadlines
Replies: 3
Views: 292

Re: Backdoor Roth deadlines

Hello I created backdoor Roth accounts, earlier, with the help of the forum members. I have a question for the backdoor Roth accounts for 2017 & 2018. Can I still open traditional IRA accounts and convert to Roth before the April 2018 tax deadline ? Or did I miss the deadline for the 2017 Roth acco...
by cherijoh
Thu Apr 05, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 40
Views: 4435

Re: Permanent DINK couples - Considerations, thoughts, etc?

Married, approaching 40, will not have children. Was wondering if there were other BHs in the same situation and what (if anything) you may be doing that might be slightly (or very) different to general financial advice? A couple of things off the top of my head: Emergency fund: With each person ma...