Search found 4929 matches

by cherijoh
Mon Oct 15, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 42
Views: 3234

Re: Not convinced with insurance

Basic employee life Insurance and accidental death and dismemberment (AD&D) Insurance from my employer While slightly better than nothing, because this would not pay if you died of a heart attack, cancer, stroke, etc. - I would not even count this in my insurance evaluation. I think you misread the...
by cherijoh
Sun Oct 14, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need guidance on charting next life steps
Replies: 27
Views: 1971

Re: Need guidance on charting next life steps

I am almost 32. DW is almost 30. No progeny so far. I work for a start-up and am in the final year of my STEM OPT after completing graduate studies. If I don't get a work permit next year, I will need to leave the country in July. This was my DW's final year of STEM OPT. She had a good job and her ...
by cherijoh
Sun Oct 14, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Better to invest in taxable and not deferred?
Replies: 31
Views: 2921

Re: Better to invest in taxable and not deferred?

There are two arguments against this that I know of. 1) If you put money into taxable now, you pay taxes on it now so less actually gets into the taxable account. If you put $10k into a tax deferred account, you have $10k in there - to be taxed at a later time when you hope your tax rate will be lo...
by cherijoh
Sun Oct 14, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k confusion with market
Replies: 19
Views: 1498

Re: New 401k confusion with market

Similarly, self-employed individuals who set up a an i-401k can make the employer contributions up to tax-filing deadline, but that's it. I found one internet source that seems to agree with you, but several that said employee contributions (elective deferrals) can be made into the next year. A cou...
by cherijoh
Sun Oct 14, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k confusion with market
Replies: 19
Views: 1498

Re: New 401k confusion with market

Many company 401K plans allow a person to contribute for the previous tax year up until April 15th. It's possible that OP's $28,000 contribution since January 23rd is being spread across the 2017 and 2018 tax years (eg, the Jan & Mar contribs going towards 2017 tax year, while the Jun/Aug/Sep contr...
by cherijoh
Fri Oct 12, 2018 12:47 pm
Forum: Personal Consumer Issues
Topic: Key West Hotels
Replies: 27
Views: 1767

Re: Key West Hotels

Planning to go to Key West, Florida this December for a week with wife and my boys aged 23 and 20. Need a good hotel or resort recommendation from Bogleheads who traveled recently. I used to rely on reviews on travel sites like expedia, however was badly burned several times as most of those review...
by cherijoh
Fri Oct 12, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - Sellers Request Help with Repairs
Replies: 69
Views: 3031

Re: Home Purchase - Sellers Request Help with Repairs

How, exactly, is this 'willful neglect?' If nothing is backing up into the house, and it took an inspection and a specialist on-site to determine that there were problems with parts of the system buried underground, it is not at all surprising that the owners were unaware. If you are looking for a ...
by cherijoh
Fri Oct 12, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: Morse Code Glide Path
Replies: 32
Views: 1706

Re: Morse Code Glide Path

Would you elaborate on the "simple spreadsheet formula" used to derive this glide path? I'm not the OP, but it looks pretty simple. Given PV= present value in Dollars = $500K T= Target in Dollars = $1.5M TB = target % bonds = 50% TS = Target % stocks = 50% Calculated B= current % bonds = TB*PV/T = ...
by cherijoh
Fri Oct 12, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - Sellers Request Help with Repairs
Replies: 69
Views: 3031

Re: Home Purchase - Sellers Request Help with Repairs

I don't know exactly what "closing assistance" is so can't comment on that. After my mom passed away we sold her house. The buyer offered $2500 above asking price but wanted us to pay $5000 of their closing costs. So to us it netted out to an offer of $2500 below asking price. But the buyers didn't...
by cherijoh
Fri Oct 12, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: Key West Hotels
Replies: 27
Views: 1767

Re: Key West Hotels

Planning to go to Key West, Florida this December for a week with wife and my boys aged 23 and 20. Need a good hotel or resort recommendation from Bogleheads who traveled recently. I used to rely on reviews on travel sites like expedia, however was badly burned several times as most of those review...
by cherijoh
Fri Oct 12, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Unfortunate Near Real-Time Test of Sequence of Returns Risk v Probability of Retirement Success
Replies: 19
Views: 1733

Re: Unfortunate Near Real-Time Test of Sequence of Returns Risk v Probability of Retirement Success

Curious if the following sounds right to everybody: So our NW ($3.5M) dropped about $140K the past 48 hours. AA is about 85% equities/12% bonds/2% RE (our home)/1% cash. Last week, the Personal Capital retirement planner had our probability of success at 93%. This morning, it is down to 90%. That s...
by cherijoh
Fri Oct 12, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1187

Re: Lump sum instead of pension

Hi Everyone, There are many threads on taking pension vs lump sum already, but each person's situation is different, and I am wondering if you could help me make a decision. Here is what my former employer offers: each month $450 payable at age 65, or take lump sum around $25,000 now. All the compa...
by cherijoh
Sun Sep 09, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: New to Donor Advised Funds, need guidance
Replies: 22
Views: 1579

Re: New to Donor Advised Funds, need guidance

I am looking into starting a Donor Advised Fund (DAF) to regularly donate, then fund charities at a later date . In my research, Fidelity seems to be a better fit ($5000 minimum to start with), but do not know & need help understanding how this works & which mutual funds to invest in. I am 62, reti...
by cherijoh
Sun Sep 09, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8504

Re: Can Sneakers go with Business Casual?

... (Personally I don't care what shoes someone is wearing, I don't see how it's related to competence). People don't know what's going on inside your head, or know your level of competence by seeing you. They will form strong initial judgments on how they see you presenting yourself. You may not g...
by cherijoh
Sun Sep 09, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Am I on track at 29? More to investments or mortgage?
Replies: 6
Views: 750

Re: Am I on track at 29? More to investments or mortgage?

Thank you for taking a look. It has been a while since I have given my finances an overall look as most of it has been on autopilot the last few years. My questions are at the bottom, any opinions are appreciated. Emergency funds: 6 months Debt: $82k mortgage @ 5% and $12k @ 0% Property worth $135k...
by cherijoh
Sun Sep 09, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Run Air Conditioner even if not needed?
Replies: 30
Views: 3039

Re: Run Air Conditioner even if not needed?

I guess you must be paying a lot more per KW hour than me. My entire electric bill for Jun 29 - July 31 (32 days) was $101.66 in Charlotte NC with the A/C running the entire month - no way my A/C fan contributed 20% of the cost. Hot water and furnace are gas but all my appliances are electric. This...
by cherijoh
Sat Sep 08, 2018 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: windfall
Replies: 22
Views: 2022

Re: windfall

From my prior post; I think that the key is to try living on their proposed retirement budget now to see if that is comfortable for them. If they can live on something in the ballpark of $70K a year in expenses for the next five years then with the $40K pension semi-retiring in five years would be ...
by cherijoh
Sat Sep 08, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: Run Air Conditioner even if not needed?
Replies: 30
Views: 3039

Re: Run Air Conditioner even if not needed?

Can you turn the fan on separately from the A/C? If so, I would leave the fan running to keep air circulating. My HVAC contractor recommends keeing the fan on all the time during the summer months. Your HVAC contractor doesn't have to pay your electric bill. That fan uses a fair amount of energy --...
by cherijoh
Sat Sep 08, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: new homes being built next door, effect on value of my home?
Replies: 20
Views: 2109

Re: new homes being built next door, effect on value of my home?

Now they're dividing the lot in two and plan is to build 2 new homes on it...this Fall/Winter/upcoming Spring. How will this affect the value of my 100+ year old home? Someone may very likely to the same thing to your old house... tear it down and build new. Find out who the builder is next to you,...
by cherijoh
Sat Sep 08, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8504

Re: Can Sneakers go with Business Casual?

I think it would depend a lot on the office environment, what others are doing, or if you are meeting with outside clients, or such. But IF you were doing it, I'd suggest the all black, no color. And I'd try to avoid the bold emblem in white, too. And if it had black soles, too, all the better. The...
by cherijoh
Sat Sep 08, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Run Air Conditioner even if not needed?
Replies: 30
Views: 3039

Re: Run Air Conditioner even if not needed?

Hi Everyone, It just occurred to me that we have not turned our air conditioning on all summer. We live in a downstairs apartment that gets very little sun, and it is usually almost 20 degrees cooler inside than out. Last year (our first year here) we used it 3 days or so. Here’s the question- shou...
by cherijoh
Sat Sep 08, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: windfall
Replies: 22
Views: 2022

Re: windfall

Leaving your inheritance aside, you are a long way from being able to semi-retire in 5 years. (I am assuming this means taking a lower stress, lower-paying job and being able to cover your expenses but stop contributing towards retirement). That is less clear to me. With an income of $220k they wil...
by cherijoh
Sat Sep 08, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: windfall
Replies: 22
Views: 2022

Re: windfall

wow. I thought $1 million + in savings and retirement accounts and pension would help us take a pay cut in a few years :shock: I admit that retirement savings have been poor to date (partially too conservative investments / partially knowing inheritance was coming). house is almost paid off, and wo...
by cherijoh
Sat Sep 08, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: Buy a house that needs full renovation?
Replies: 40
Views: 1739

Re: Buy a house that needs full renovation?

alil, Your $300k budget for a house in the neighborhood does not seem high enough. This house plus renovations will go way beyond $300k. A 10% increase in the budget would get you into the neighborhood (move in ready house for $334). If it's such a hot housing market, why has it not sold in 2 month...
by cherijoh
Sat Sep 08, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: Buy a house that needs full renovation?
Replies: 40
Views: 1739

Re: Buy a house that needs full renovation?

When you do a major renovation you may be required to bring the entire house up to the current building code and this can be very expensive. Do not underestimate this possibility. Consider what you will have if the house is fixed up to be as good as it was when it new. If it is a special victorian ...
by cherijoh
Sat Sep 08, 2018 9:08 am
Forum: Personal Consumer Issues
Topic: Buy a house that needs full renovation?
Replies: 40
Views: 1739

Re: Buy a house that needs full renovation?

The inspection revealed some significant structural issues with the crawl space (standing water, some decaying beams and joists, fungal growth of the wood framing) as well electrical, heating and cooling systems and plumbing issues - I am hoping to negotiate the price down in order to solve some of...
by cherijoh
Sat Sep 08, 2018 7:53 am
Forum: Investing - Help with Personal Investments
Topic: windfall
Replies: 22
Views: 2022

Re: windfall

All, First, thank you for all the invaluable information here. Been reading for sometime with very little posting, but this one is important. I just received inheritance that will dramatically increase net worth. I know this is a perennial question here, but I am terrified of dumping all this cash ...
by cherijoh
Fri Sep 07, 2018 6:04 am
Forum: Investing - Help with Personal Investments
Topic: Soon to be retired, 401k rollover/transfer timing for Roth conversions and widthdrawals
Replies: 11
Views: 1039

Re: Soon to be retired, 401k rollover/transfer timing for Roth conversions and widthdrawals

bloom Thank you I was wondering about the ERISA protection for a Washington State resident. Is there an advantage to a 401k versus a Roth or IRA account? ERISA is a federal law that only applies to workplace retirement plans. Every state has different provisions for asset protection from creditors ...
by cherijoh
Fri Sep 07, 2018 5:51 am
Forum: Investing - Theory, News & General
Topic: Mutual Fund Fee Wars Will Encourage Bad Behavior
Replies: 26
Views: 2652

Re: Mutual Fund Fee Wars Will Encourage Bad Behavior

What was Vanguard's name for a fee that was assessed on holdings/holders of certain funds for selling before a certain minimum holding time,with the fees being paid back into the fund (so as to benefit buy and hold investors at the expense of shorter term holders "traders" deferred contingent or so...
by cherijoh
Fri Sep 07, 2018 5:21 am
Forum: Investing - Theory, News & General
Topic: Are the stock market movements really random?
Replies: 37
Views: 2893

Re: Are the stock market movements really random?

Let's say that I have a lump sum available for investing. One of the ideas I've been seeing floating in the forum is that the movements of the stock market are random, hence the best decision would be to invest the lump sum either immediately, or dollar cost average it over a period of 12 months or...
by cherijoh
Thu Sep 06, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Pension early distribution options
Replies: 12
Views: 993

Re: Pension early distribution options

When my husband retired in 2016 at age 61, he had the option of taking a $200K lump sum and rolling it over into an IRA, or he could select from a variety of annuities. My husband figured that he would rather have the money to invest himself and not rely on an insurance company to be paying it out ...
by cherijoh
Thu Sep 06, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Pension early distribution options
Replies: 12
Views: 993

Re: Pension early distribution options

I just received a payout offer for a defined-benefit pension I earned for a job held over 18 years ago. I only worked a few years there so never counted on much from the pension. Former employer plans to reduce their pension liability by offering lump sum distributions to former employees vested in...
by cherijoh
Thu Sep 06, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Charitable Tax Deductions
Replies: 46
Views: 3533

Re: Charitable Tax Deductions

I don’t like DAFs, because you have to be really careful about the donor receiving a benefit - e.g., a gala ticket or even the right to purchase a gala ticket - that can cause the donor, DAF and the charity all kinds of headache and penalties. But I’m sure there’s another thread on that :) I read e...
by cherijoh
Thu Sep 06, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Charitable Tax Deductions
Replies: 46
Views: 3533

Re: Charitable Tax Deductions

Last year it cost me 72 cents for every dollar contributed. This year, under the new tax code, it will cost me $1. For most taxpayers, the standard deduction increase is a big win because they didn't itemize anyway. For some that did itemize, the new limit is higher so they still win. However, it m...
by cherijoh
Thu Sep 06, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Charitable Tax Deductions
Replies: 46
Views: 3533

Re: Charitable Tax Deductions

I have even considered taking a different strategy and dropping several charities going forward letting them know they can have some when I'm dead. Or, holding the money in a separate account and making one large set of charitable donations every 5 or so years in order to get the deductions. I real...
by cherijoh
Tue Sep 04, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3216

Re: House Affordability - Question on standard advice

Hi Klangfool. Thanks for weighing in. 1) Is it cheaper to rent? If yes, why would you buy? I've done the NYTimes calculator and buying comes out ahead for similar houses. <-- People often want to buy more house than they currently rent. Are you using your actual rent or the rent for a comparable ho...
by cherijoh
Tue Sep 04, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3216

Re: House Affordability - Question on standard advice

We did things a different way. We applied for a mortgage, the bank said they wold loan us X. We then used X/2 as maximum mortgage amount. I realize there's no scientific basis for this, but when we bought our first house, we were 23/24 and newly married. WE couldn't believe the bank would loan us s...
by cherijoh
Tue Sep 04, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3216

Re: House Affordability - Question on standard advice

Hi all, Thanks for the responses so far. We are starting to look at homes and I just wanted to get a general consensus on advice I see commonly listed. I've messed around with the house affordability calculators online and they all say we can afford much more than we are willing to spend. We are in...
by cherijoh
Tue Sep 04, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3216

Re: House Affordability - Question on standard advice

snackdog wrote:
Fri Aug 31, 2018 7:13 pm
PITI should be 36% of gross income, roughly.
PITI should be no more than 36% of gross income. It is perfectly ok and desirable to spend less than that!
by cherijoh
Tue Sep 04, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Retiring early, need help with my AA
Replies: 13
Views: 1095

Re: Retiring early, need help with my AA

Hello everyone, I’m looking for some criticism of my current AA. I would like to retire in about 6 years and would need a SWR of 4% from my Vanguard investments. I need to work another 3 years for my employer so that I become “vested” in our pension program. My pension would be 40% of highest gross...
by cherijoh
Tue Sep 04, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size
Replies: 72
Views: 6490

Re: Emergency fund size

since no one appears to have said it yet, i'm in the camp of "no emergency fund", i have an "emergency plan". You may think this is an exaggeration, but I know people who lost their houses and the prospect of a comfortable retirement by following a plan similar to yours. and here's my counter to th...
by cherijoh
Mon Sep 03, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Retiring early, need help with my AA
Replies: 13
Views: 1095

Re: Retiring early, need help with my AA

Hello everyone, I’m looking for some criticism of my current AA. I would like to retire in about 6 years and would need a SWR of 4% from my Vanguard investments. I need to work another 3 years for my employer so that I become “vested” in our pension program. My pension would be 40% of highest gross...
by cherijoh
Mon Sep 03, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size
Replies: 72
Views: 6490

Re: Emergency fund size

since no one appears to have said it yet, i'm in the camp of "no emergency fund", i have an "emergency plan". on the same tangent as willthrill81, you must define what an emergency is. for me, that means an unexpected expense which cannot be put on a credit card. i honestly can't think of a single ...
by cherijoh
Mon Sep 03, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size
Replies: 72
Views: 6490

Re: Emergency fund size

Great question, and I expect you'll continue to get a lot of "it depends on x, it depends on y, etc.". Here's what we do. For context, my wife and I work full time and live in a HCOL area. I would say my job is "medium" stability and her's is "high" based on my subjective judgment. My thinking on t...
by cherijoh
Mon Sep 03, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size
Replies: 72
Views: 6490

Re: Emergency fund size

Yes, the rule of thumb should be based on so many months of expenses, not amount. Someone who spends $20k per month will have a different sized emergency fund than someone who spend $1k per month. When I was younger, I always kept six months worth of expenses. As we get older and life more complica...
by cherijoh
Sun Sep 02, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 155
Views: 9931

Re: How do you save money on groceries?

Thanks for the replies! By the way, I loved the "tightwad" comment. My grandparents (who lived during the Great Depression) used to say I was out of that era I was so penny-pinching. Haha. Brought back fun memories. I got some good information, although not what I expected. I am going to look at th...
by cherijoh
Sun Sep 02, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Question for minor car accident (other side clearly at fault)
Replies: 11
Views: 1196

Re: Insurance Question for minor car accident (other side clearly at fault)

I just experienced something very similar. Another car backed into my one-year-old car in a parking lot. We exchanged information---she coincidentally had USAA,as well---and I filed a claim with my carrier, American Family. They recommended a repair shop and my car was good as new within a week. Th...
by cherijoh
Sun Sep 02, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis - Mortgage, Emergency Fund, etc.
Replies: 51
Views: 4358

Re: Analysis Paralysis - Mortgage, Emergency Fund, etc.

We are in our mid thirties with two toddlers. We don't plan to have any more kids. My wife is a tenured teacher with a very stable job. I work in tech where there is less stability. We are ten months in to a 30 year mortgage on what we consider our "forever home" (at the very least until the kids a...
by cherijoh
Sun Sep 02, 2018 7:13 am
Forum: Investing - Help with Personal Investments
Topic: taxable account
Replies: 15
Views: 1565

Re: taxable account

Hi. I'm new to the forum and sincerely appreciate any advice. Unfortunately, I've started worrying about retirement and investments later than I should have. I'm 43 years old and have decided my asset allocation to be 60 percent Total US/25 percent total international/15 percent bonds. I started in...
by cherijoh
Sun Sep 02, 2018 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Fully maxed out
Replies: 30
Views: 3065

Re: Fully maxed out

I've been trying to do the math on part of this question because I'm trying to convince my wife to let us max out at least our 401 and HSA. I have trouble figuring out how much one gets back in taxes from maxing out. I'm not sure if my question even makes sense - but it is along the lines of, how m...