Search found 4034 matches

by cherijoh
Fri Nov 17, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Refinance 30yr to 15yr mortgage?
Replies: 6
Views: 527

Re: Refinance 30yr to 15yr mortgage?

Just finished the "Bogleheads Guide to Investing" book and was intrigued, so now I am new to these forums. I have so many questions... I currently have a rental property in a good area, easy to rent, etc. It's a 30yr loan at 3.5%, original balance was $270k. Currently, the principal balance is at $...
by cherijoh
Fri Nov 17, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: RE sale: long close vs. bird-in-hand
Replies: 25
Views: 1510

Re: RE sale: long close vs. bird-in-hand

I'm a Seattle area homeowner and can't imagine taking Option A. They want to buy a year from now, live in it 6 months, sell their current home first. The only reason to consider such terms would be in a horrible market, with a undesirable home. And you're looking to hedge this bad deal with options...
by cherijoh
Thu Nov 16, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my Taxable Equity Portfolio to be used as a Bridge in 3 Years?
Replies: 6
Views: 431

Re: What to do with my Taxable Equity Portfolio to be used as a Bridge in 3 Years?

View everything as one portfolio. If you want to sell bonds, you can still do that even though your taxable account is all stock; sell the stock, and move an equal amount in your IRA from bonds to stock. You keep your stock exposure, just as if you had the bonds to sell. That plan works well when y...
by cherijoh
Thu Nov 16, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my Taxable Equity Portfolio to be used as a Bridge in 3 Years?
Replies: 6
Views: 431

Re: What to do with my Taxable Equity Portfolio to be used as a Bridge in 3 Years?

View everything as one portfolio. If you want to sell bonds, you can still do that even though your taxable account is all stock; sell the stock, and move an equal amount in your IRA from bonds to stock. You keep your stock exposure, just as if you had the bonds to sell. That plan works well when y...
by cherijoh
Thu Nov 16, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Managing 401k after Job Change
Replies: 16
Views: 1065

Re: Managing 401k after Job Change

It seems strange that there's no ex-U.S. total market fund in your old 401k, but you can get that from Brokeragelink if needed, or rollover into your new 401k and get it there. It is actually quite common to see an SP&P 500 fund and then an Extended Market fund which can be combined to mimic the to...
by cherijoh
Thu Nov 16, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: reached 54K IRS limit, now will miss employer match, what to do
Replies: 19
Views: 982

Re: reached 54K IRS limit, now will miss employer match, what to do

Many companies allow you to put much of your salary into the 401k but match only up to say 10%. My company allows 30% put into the 401k and will match 75% of the first 8% so you can put 38% in total. Add in being able to send bonuses to the 401k and you are looking at a 120k-130k salary to hit the ...
by cherijoh
Thu Nov 16, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Cashed out Inherited IRA used to justify IRA contribution?
Replies: 15
Views: 565

Re: Cashed out Inherited IRA used to justify IRA contribution?

I have a friend who doesn't work at all. No pension or social security.. no income at all. However, a family member died leaving him an IRA which contained a life insurance policy that paid a death benefit to the IRA. The Life insurance company would not allow him to inherit the IRA directly, so in...
by cherijoh
Wed Nov 15, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 29
Views: 2803

Re: 55+ Early retirement offer.

Rumors are swirling at my employer that an early retirement package will be offered to those 55 and older with 10 years of service. Said semi imaginary package will be up to 1 year return of salary with cobra paid by company. If this does materialize, It sounds very good to me. I think when a compa...
by cherijoh
Tue Nov 14, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: problem new Vanguard Global Wellington fund
Replies: 29
Views: 1825

Re: problem new Vanguard Global Wellington fund

The prospectus is just strategy and objectives. The fund is down because in the last month global equities of moved down slightly and the 10 year treasury has moved from 2.3% yield to 2.4% yield causing bonds to drop in value. This sentence is helpful. Thank you. In addition, my post was more about...
by cherijoh
Tue Nov 14, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Borrowing from parents - what interest rate?
Replies: 52
Views: 3373

Re: Borrowing from parents - what interest rate?

I would say it depends how much your parents have. If they have a lot of money then why charge you any interest? Arent you going to inherit everything anyways when they die in the future? How about a %0 loan? If the parents don't charge the going rate for interest, then it is viewed as a gift and t...
by cherijoh
Mon Nov 13, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: New Job. Confused about 401K choices..Please help
Replies: 11
Views: 471

Re: New Job. Confused about 401K choices..Please help

Hello, DH is starting a new job. He plans to max out 401K with 4% match from employer. The Plan is with Vanguard but the options are limited. These are actually very good choices and good expense ratios - when you have good options you don't really need a lot to choose from! :wink: Do these: Fixed-...
by cherijoh
Mon Nov 13, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3036

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

Just so I am clear, your currents savings, excluding a very healthy emergency fund, will meet your future needs beginning at age 60 assuming a 2% real return, and you have a 25% buffer built in? Yes, this is the more concise way to put it, thanks. My personal preference on how to go about this woul...
by cherijoh
Mon Nov 13, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3036

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

I was playing around with online calculators and my numbers last night. I have saved enough money so far so that if I didn't contribute an additional dime, my current savings would grow to my needed retirement number by age 60 (my desired retirement age), assuming 5% annual growth (very conservativ...
by cherijoh
Mon Nov 13, 2017 11:56 am
Forum: Investing - Theory, News & General
Topic: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series
Replies: 105
Views: 11591

Re: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series

bobcat2 wrote:
Mon Nov 13, 2017 9:38 am
cherijoh wrote:
Mon Nov 06, 2017 6:10 pm
thanks Bob. Do you have a recommendation for the rate in the PV calculation?

The yield on TIPS whose duration is equal to the duration of the limited time income stream.

BobK
Thanks Bob!
by cherijoh
Sun Nov 12, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Another "Can We Afford This House" ?
Replies: 28
Views: 2514

Re: Another "Can We Afford This House" ?

Why is this house still on the Market? (My way of bookmark) +1 If it is still on the market after 5 months it was either overpriced initially (and may still be) or has issues. Based on your updated post it sounds like this house is an outlier based on price for your neighborhood. I would never want...
by cherijoh
Sun Nov 12, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1649

Re: Donor Advised funds

You've got it backwards. It doesn't expand your tax deferred space, but the charity's. It's not your tax deferred space, but the charity's. For exactly that reason, not to mention the costs, you proposal is inferior. Either the money sits in my taxable account or the DAF. If the money sits in my ta...
by cherijoh
Sun Nov 12, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 2899

Re: Fidelity 10X Retirement Rule - - Valid???

It's probably not that far off for someone at the median US income of about $50,000. Someone with that income level will earn a social security benefit of $15-20,000 after a lifetime of employment depending on when the benefits start. 10x annual income would mean savings of $500,000 which would spi...
by cherijoh
Sun Nov 12, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 7881

Re: $23k credit card emergency

I thought most of the 0% transfers came with a transaction fee of several percent of the balance transferred. Also be aware of how any payments get allocated if you are also charging new stuff to the card. I think after paying the minimum balance due any extra payment goes to the 0% balance so you ...
by cherijoh
Sat Nov 11, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA EFC number shock! [Expected Family Contribution]
Replies: 39
Views: 3994

Re: FAFSA EFC number shock!

My EFC is expected to be around $43k. I'm not going to bother filling out the FAFSA. I don't want to provide the details of my financial situation when there is no benefit. Many people tell me, "fill out the FAFSA, you'll probably get something." They are wrong, indeed. My high school senior will a...
by cherijoh
Sat Nov 11, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 7881

Re: $23k credit card emergency

Quick calculation of your fees per month on the $23k credit card debt is $324 per month. That's a lot of drag. As other posters have pointed out, I'd look into 0% balance transfer as a first step. Obviously, be mindful of length of intro rate, whether or not there is transaction fee, and the defaul...
by cherijoh
Sat Nov 11, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 7881

Re: $23k credit card emergency

1) Reduce expenses: You can cut netflix etc all you want, but sharing with a roomate is the cheapest way to save a LOT. Plus internet/electric and utilities get cut in half. The best deals are on 3 bed room sharing with 3 people. That alone saved me $600-700 between utilities and rent. I used that ...
by cherijoh
Sat Nov 11, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 7881

Re: $23k credit card emergency

Welcome to the forum. Good job on taking responsibility for where you are at, and going out, getting a second job, and starting to get things under control. If you can borrow from your 401k, then do so. Many 401k's will allow you to borrow, and pay back with interest TO YOURSELF! If you can't borro...
by cherijoh
Sat Nov 11, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Mega backdoor Roth - do both employer contributions and matching count toward the annual limit?
Replies: 5
Views: 431

Re: Mega backdoor Roth - do both employer contributions and matching count toward the annual limit?

I am trying to maximize my mega backdoor Roth for 2017, and understand that the total combined 2017 IRS limit for all employee 401k contributions (including pre-tax, Roth, and, of course, after-tax) plus employer contributions/matching is $54,000 (by the way, I've never actually seen an official IR...
by cherijoh
Sat Nov 11, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1649

Re: Donor Advised funds

Let's say I am faced with the choice between: 1) Donating $X per year over 10 years to charity 2) Donating $10X all in one year to a donor advised fund and dispersing $X to charity annually I didn't think of it this way before, but #2 seems better for the following reasons: - It expands my limited ...
by cherijoh
Sat Nov 11, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: How does this target date fund look?
Replies: 14
Views: 694

Re: How does this target date fund look?

Hi all, Recently retired here. How does this "2020" target date fund look to you folks? I think it would be easier than rolling my own, and easier to deal with. It's close enough to my desired assert allocation, and looks like a pretty good set-it and forget-it option, though I'll probably move som...
by cherijoh
Sat Nov 11, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: New 401(k) Plan
Replies: 6
Views: 407

Re: New 401(k) Plan

Hi guys, I recently switched jobs and with that comes a plethora of new investment options in my new 401(k) plan. In my previous employer's 401(k) I was using Vanguard's 2060 Target Date Retirement Fund which I think was suitable for my investment objectives and risk tolerance. As background I am 2...
by cherijoh
Sat Nov 11, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Hardship and 401k withdrawal
Replies: 4
Views: 489

Re: Hardship and 401k withdrawal

lakja wrote:
Sat Nov 11, 2017 10:11 am
Sorry to hear about your situation, but it sounds like the distribution already occurred? If so, why do you want to access more funds? What are you going to use the money for? Something isn’t adding up
It sounds to me like the OP hasn't actually sold his first house yet.
by cherijoh
Sat Nov 11, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Hardship and 401k withdrawal
Replies: 4
Views: 489

Re: Hardship and 401k withdrawal

I will try to make this as succinct as possible. I purchased a home in June and to qualify the down payment I needed to take out a loan against my 401k. I would make back the money to pay it back on my previous home sale. When I called to speak with the NYL representatives the loan was presented as...
by cherijoh
Sat Nov 11, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 149
Views: 11195

Re: Why NOT make more money?

Real life example: My Father worked for 30+ years for the "telephone company". He retired in August of the year he turned 60 with more than enough money to do what he wanted to do. There was no family history of serious health problems in the family (his brothers and sisters are either still alive ...
by cherijoh
Sat Nov 11, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: do I need two different credit card companies
Replies: 14
Views: 1167

Re: do I need two different credit card companies

Hi Folks, I have 2 visa's 1 master card and one amex card (all have no annual fees). I only use the visas. Much better rewards (costco and Marriott). I am not worried about the effect on my credit rating. Can I dump both AMEX and Mastercard? Is there any chance Visa could have an issue that could s...
by cherijoh
Fri Nov 10, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Any red flags all stocks no bonds...
Replies: 64
Views: 2643

Re: Any red flags all stocks no bonds...

great info, seems like I might as well stay 100% stocks for the next 10 years or so. Start changing over to bonds by the time I’m 50....I will have done a lot more research by then:) As far as the pension goes I’m a registered nurse working for a large non profit hospital. 1-1.5 million or 6k a mon...
by cherijoh
Fri Nov 10, 2017 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Any red flags all stocks no bonds...
Replies: 64
Views: 2643

Re: Any red flags all stocks no bonds...

I did not move into bonds until I was in my mid 50s, so I like your plan. Now I did have a secure pension in the wings which I could have lived on if the market really tanked. I rode out the dot com crash, as well as the 2008 fall. I don't think anyone who is currently 38 should be counting on a pe...
by cherijoh
Thu Nov 09, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 31
Views: 1841

Re: Mega Backdoor questions

Yes you can. Depending on how long you expect to work there, or how long until you reach 59.5 it may make more sense to invest in taxable as capital gains taxes are less than regular income taxes which is what you'll pay on the gains in an after tax account. I'm only 44 and hopefully plan to stay w...
by cherijoh
Thu Nov 09, 2017 6:53 pm
Forum: Personal Consumer Issues
Topic: Worth changing 40 gal. to 30gal. hot water tank?
Replies: 90
Views: 4622

Re: Worth changing 40 gal. to 30gal. hot water tank?

Insulate the tank with a good water heater blanket and don’t sweat it I have not heard of this, but it seems so logical I can't believe I haven't thought of it. Is this pretty effective for increasing efficiency? Where would I buy a blanket. I think I found mine at one of the big-box home improveme...
by cherijoh
Tue Nov 07, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9544

Re: Disposable income... how?

I also find this a bit hilarious: Seriously I don't understand how people can just buy new phones, new vehicles and still go out every Friday eat a nice dinner and drink craft beers. Then you go on to list a $450 new car payment AND "we haven't bought a second car yet but need to next year" ... mea...
by cherijoh
Tue Nov 07, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9544

Re: Disposable income... how?

People can put on the air of being well off for a very, very long time. A big house with a big mortgage leads to leasing rather than buying cars because who can afford a Mercedes for him and BMW for her at these prices? So years go by and a HELOC helps out when the housing market kicks the value of...
by cherijoh
Tue Nov 07, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Change withdrawal pattern from inherited IRA?
Replies: 3
Views: 231

Re: Change withdrawal pattern from inherited IRA?

I've had an inherited IRA for about 10 years. Over that time, I have taken the stretch withdrawal pattern based on my life expectancy. Now, I'm considering early retirement and wonder if I could increase withdrawals to help fund expenses until age 59.5. Am I stuck with the stretch withdrawal method...
by cherijoh
Mon Nov 06, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Where to take more risk: 401k or Roth?
Replies: 32
Views: 2783

Re: Where to take more risk: 401k or Roth?

I'm sure this question has been asked before, but I couldn't find it. Sorry if it's substantially redundant. Send links if it is. For someone who has both a 401k and a Roth IRA, where should that person put the riskier assets?. Or say that person ultimately wanted a 75/25 stock/bond overall portfol...
by cherijoh
Mon Nov 06, 2017 6:31 pm
Forum: Personal Consumer Issues
Topic: Mold Discovered in Potential House Purchase
Replies: 27
Views: 2770

Re: Mold Discovered in Potential House Purchase

I'm no expert, but as long as they remedy it I wouldn't be to concerned. I've looked at numerous homes when we were looking to purchase and I am a firm believer that every home has some form of mold contained within it. If you google remedies most recommend a simple bleach/water mix sprayed on the ...
by cherijoh
Mon Nov 06, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series
Replies: 105
Views: 11591

Re: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series

How do you work with funded ratio when you have income streams coming on at different times? I will have a DB pension (no COLA) from a former employer that will cover about 1/3 of my basic first year retirement expenses after I account for the state and federal taxes on the pension. I do not have a...
by cherijoh
Mon Nov 06, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401k
Replies: 22
Views: 2135

Re: Fidelity 401k

How much money is in your 401k? How much money total is invested over all accounts? What other accounts do you have? How are they invested? 401k: ~20k Over all accounts: ~65k (~85k including 401k) Other accounts: all with betterment, taxable + roth How are they invested: 83/17 betterment portfolio ...
by cherijoh
Mon Nov 06, 2017 8:30 am
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2172

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

. Yes, Vanguard changed the stock percentage in the Target Date Retirement Income fund from 20% to 30% in 2006. See the Wiki page: https://www.bogleheads.org/wiki/Vanguard_target_retirement_funds "In the years since launching the TR funds, Vanguard has made two significant changes to the funds' ass...
by cherijoh
Sun Nov 05, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: I can take $15k out of my trad IRA with no taxes - should I?
Replies: 37
Views: 3230

Re: I can take $15k out of my trad IRA with no taxes - should I?

Qualified dividend and capital gains do not exist in a tIRA. You have contributions and earnings (or growth) in there. Unless some of it has already been taxed (e.g. non-deductible contributions), It is all considered "ordinary income" and is taxed at your ordinary income rate. Yes - the IRA withdr...
by cherijoh
Sun Nov 05, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 44
Views: 4945

Re: Social Security - general question

If you are good at spreadsheets, you can create one which mimics the AnyPIA program. I looked at the key calculations within the SS website and created a spreadsheet, before I was able to download and successfully run the AnyPIA program. I later used AnyPIA as a check on my spreadsheet and the two ...
by cherijoh
Sun Nov 05, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: 401k investment vs taxable account.
Replies: 15
Views: 1048

Re: 401k investment vs taxable account.

Yeah I was under the impression that a backdoor roth conversion and saving up to 54k in 401k is the optimal way. In that case you won't pay capital gains tax when you sell your assets so in the aggregate it should be better. The only problem is that you can't access that money easily without taking...
by cherijoh
Sun Nov 05, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: 401k investment vs taxable account.
Replies: 15
Views: 1048

Re: 401k investment vs taxable account.

Oh really? I though the money I put into my 401k are taxed at that time. Then they grow tax free since the 401k is tax-sheltered so when you sell the assets in the 401k no capital gains tax is incurred. Or am I wrong in making this assumption? Also I'm currently contributing 18k to my 401k I'm just...
by cherijoh
Sun Nov 05, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: I can take $15k out of my trad IRA with no taxes - should I?
Replies: 37
Views: 3230

Re: I can take $15k out of my trad IRA with no taxes - should I?

Qualified dividend and capital gains do not exist in a tIRA. You have contributions and earnings (or growth) in there. Unless some of it has already been taxed (e.g. non-deductible contributions), It is all considered "ordinary income" and is taxed at your ordinary income rate. Yes - the IRA withdr...
by cherijoh
Sun Nov 05, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series
Replies: 105
Views: 11591

Re: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series

Note: I'm not sure how well the Funded Ratio concept works with delayed SS. For instance, I have a seven year delay from start of retirement until starting SS at $3500/month. So the liability part of the FR would have two components: perhaps $750k to annuitize for lifetime income, and another $250k...
by cherijoh
Sun Nov 05, 2017 10:44 am
Forum: Investing - Theory, News & General
Topic: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series
Replies: 105
Views: 11591

Re: Using the Funded Ratio to drive your retirement investment plan

Bobcat An excellent post (along with several other recent threads you've been a part of). Full of wisdom and good suggestions. For what it's worth, I've long been against investing in long bonds. I'm still at least a decade from retirement and during my accumulation phase I've always used intermedi...
by cherijoh
Sun Nov 05, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Out of network care
Replies: 84
Views: 4813

Re: Out of network care

Please ignore the people generalizing that don't know what they are talking about. I love love love Kaiser. The Kaiser HMO will pay for what needs to be paid for. You go to see Kaiser docs, they order lab tests, all of it happens at the same office and you never get any crazy balance billing or wac...