Search found 4246 matches

by cherijoh
Mon Jan 22, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being greedy?
Replies: 42
Views: 4021

Re: Am I being greedy?

Two things that you should recognize: Neither you nor anyone else has any way of knowing when you will reach the $2 million mark. Your formulation of 3 to 4 years is pure speculation. You have never experienced a significant downturn in your assets if you began investing in 2012. Therefore, you hav...
by cherijoh
Mon Jan 22, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being greedy?
Replies: 42
Views: 4021

Re: Am I being greedy?

If you can stomach a 50-80% drop in value, you're not too greedy. Remember that you're the worst enemy when it comes to wealth management. 80% that's nothing, I can stomach a 99.99% drop! An 80% drop means a 500% recovery to get back to where you started. (I couldn't tell if that was sarcasm or if ...
by cherijoh
Mon Jan 22, 2018 7:48 pm
Forum: Personal Consumer Issues
Topic: How much $ worth of things have you discarded without using?
Replies: 19
Views: 1226

Re: How much $ worth of things have you discarded without using?

island wrote:
Sun Jan 21, 2018 2:04 pm
Countless, mostly clothing, accessories. Happy I never added it up.
+1 :wink:
by cherijoh
Mon Jan 22, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Kauai Travel Tips
Replies: 42
Views: 1867

Re: Kauai Travel Tips

We're headed to Kauai in mid March. I have a 3 year old and a not quite 2 year old. We haven't traveled much with them yet, so hopefully this is a great adventure. I've heard kids love long flights. :shock: I can practically guarantee you will be getting the evil eye from every single person on the...
by cherijoh
Mon Jan 22, 2018 7:08 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 43
Views: 2753

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

I've seen a dozen portfolio assessment posts come up the last few weeks (I posted one yesterday). Many get little or no response, even when posted correctly. Sometimes people think they have posted "correctly" when their information is posted in a way that will take extra time and extra work on the...
by cherijoh
Mon Jan 22, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Kauai Travel Tips
Replies: 42
Views: 1867

Re: Kauai Travel Tips

We're headed to Kauai in mid March. I have a 3 year old and a not quite 2 year old. We haven't traveled much with them yet, so hopefully this is a great adventure. I've heard kids love long flights. :shock: I can practically guarantee you will be getting the evil eye from every single person on the...
by cherijoh
Mon Jan 22, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: New tax law and changes to paycheck
Replies: 20
Views: 1823

Re: New tax law and changes to paycheck

Also, will most people need to change their w4 form? I don’t want to have to write a check to the IRS when I do taxes in 2019. Thanks. Yes! I calculated that my paycheck take-home amount will increase about $30. Great. However , when I calculate for the entire year (I have a home-grown spreadsheet ...
by cherijoh
Mon Jan 22, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: New tax law and changes to paycheck
Replies: 20
Views: 1823

Re: New tax law and changes to paycheck

My understanding is that the tax law will impact paychecks next month. I was looking for a calculator that would estimate the new amount once the changes take effect. This one that I have used in the past does not: https://www.paycheckcity.com/calculator/salary/ Also, will most people need to chang...
by cherijoh
Mon Jan 22, 2018 7:27 am
Forum: Forum Issues and Administration
Topic: How to delete a post / topic
Replies: 3
Views: 332

Re: How to delete a post / topic

Anyone know how to delete an old post or topic? I go under my posts but dont see anywhere where i can delete posts or topics. Thnks I think you can only delete a topic by contacting one of the moderators. As far as a post goes, there is a limited period that the delete button is available. I don't ...
by cherijoh
Sun Jan 21, 2018 8:59 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 39
Views: 3125

Re: My daughter got her dream job

Just a proud Dad moment. Even though I know more than the average person when it comes to investing, I will forever be a newbie compared to 90% of the smart people on this forum, so I was a little nervous to look at her 401K options. To my extreme delight the default option was the Vanguard Target ...
by cherijoh
Sun Jan 21, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 6994

Re: Lost money through Bitconnect scam - learned my lesson

scams happen everywhere, even the s&p (enron) be careful But Enron was a small part of the S&P500 so even though one company went out of business the other 500+ did not. That's the protective benefit of diversification. Not to mention if you have international investments and bonds, you've got even...
by cherijoh
Sat Jan 20, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 6994

Re: Lost money through Bitconnect scam - learned my lesson

I was your age during the dot com bubble. I had no idea about stocks and investing except that during that time it seemed everything went up. I was up about $300K and lost it all, ended up losing about $150K of my own money. Every year at tax time I'm still reminded with my $3000 capital loss deduc...
by cherijoh
Sat Jan 20, 2018 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Which is faster - Push or Pull - Transfer of cash into investment accounts
Replies: 19
Views: 1363

Re: Which is faster - Push or Pull - Transfer of cash into investment accounts

Every pair of institutions is different, so you may have to do the experiment yourself. I know that one can transfer between a Wells Fargo checking account and a Wells Trade brokerage account (push or pull) in less than an hour. The last two times I did a transfer it took about 15 minutes. We had t...
by cherijoh
Sat Jan 20, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Which is faster - Push or Pull - Transfer of cash into investment accounts
Replies: 19
Views: 1363

Re: Which is faster - Push or Pull - Transfer of cash into investment accounts

I was under the impression that push was faster for ACH. From the finance buff: . This is because when you push, the sending bank knows how much money you have. It lets you push only if you have enough money in your account. When the money arrives at the receiving account, the receiving bank treats...
by cherijoh
Fri Jan 19, 2018 9:45 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3278
Views: 947601

Re: What Movie Have You Recently Watched?

I saw the Post last weekend. Very well acted & well done IMO - especially for something where you already know the outcome!
by cherijoh
Fri Jan 19, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Cash-Out Refinance vs. Tranditional Home Equitly Loan
Replies: 12
Views: 482

Re: Cash-Out Refinance vs. Tranditional Home Equitly Loan

We are only 3 years into a 30-year fixed. The ~200k invested in index funds is emergency/future funds/kid's college/etc. Basically we pretend like it's not there. So taking out 45K from that would be doable. I just don't know if another option would be better of since I'm losing out 45k worth in in...
by cherijoh
Fri Jan 19, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: retirement portfolio advice for couple in early 50s
Replies: 12
Views: 1474

Re: retirement portfolio advice for couple in early 50s

Hi everyone, Long-time reader, first-time poster here. I would appreciate any advice you had for me regarding my retirement portfolio for me and my wife. Here is our situation: • We are both in our early 50s. • Current combined AGI is $77,000. After standard deduction, our taxable income is $53K.So...
by cherijoh
Fri Jan 19, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for a lay off - what steps to take now
Replies: 36
Views: 3235

Re: Preparing for a lay off - what steps to take now

Thank you all for answers! PVW - Great info on the HSA I was not aware of that! Hug401k and Woodspinner - The financial house is in pretty good order and thank you for your ideas Bklyn96 - the severance will be paid twice monthly over the severance period, so no lump sum Find out if you will be pai...
by cherijoh
Fri Jan 19, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Within 10 years of retirement
Replies: 13
Views: 3515

Re: Within 10 years of retirement

Questions: 1. Considering opening an IRA at Vanguard, and rolling over all funds from my husband’s former jobs (60% of current assets) into bond and international stock index funds such as the ones below; aiming for 50% and 10% of current assets, respectively. Would also rebalance my husband’s curr...
by cherijoh
Fri Jan 19, 2018 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Job terminated. Convert small pension to lump sum or annuity?
Replies: 18
Views: 1513

Re: Job terminated. Convert small pension to lump sum or annuity?

Roll it to IRA. Have done it, hard to keep track of this one investment, on paper. Can this IRA be converted to Roth IRA or rolled into another active 401k? Yes it can be converted to a Roth IRA. Your 401k plan controls whether or not it will accept a rollover from an IRA - in other words the IRS p...
by cherijoh
Thu Jan 18, 2018 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Job terminated. Convert small pension to lump sum or annuity?
Replies: 18
Views: 1513

Re: Job terminated. Convert small pension to lump sum or annuity?

I have a small personal pension account worth $26,548 with the following options 1) Take the $26,548 lump sum (rollover into IRA) 2) Single life annuity: $104.15/mo 3) 50% joint and survivor annuity: $101.21/mo, $50.61/mo (beneficiary) I'm 36 years old and have no need for the income right now (wif...
by cherijoh
Thu Jan 18, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: How will or might nonprofits be affected by tax law changes?
Replies: 36
Views: 1801

Re: How will or might nonprofits be affected by tax law changes?

I am involved with a charity that funds an international relief initiative for a remote community in a third world country. We received some relatively significant year end 2017 donations. I suspect the tax law changes were involved. For our planning purposes, does anyone have any opinions or views...
by cherijoh
Thu Jan 18, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Within 10 years of retirement
Replies: 13
Views: 3515

Re: Within 10 years of retirement

We finally paid off the mortgage and kids’ educations and are now looking closer at retirement savings (yep, we should’ve done this before now :| ). Our sense is that we’re underfunded but we’re getting close to retirement so trying to balance additional growth vs risk. <-- You definitely are behin...
by cherijoh
Wed Jan 17, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Sell Home Depot?
Replies: 49
Views: 3605

Re: Sell Home Depot?

WhiteMaxima, DRIP, dividend reinvestment plan, sounds good, Thanks,KPG For heaven's sake, if you are concerned about a concentrated holding in a single stock, don't buy more through a DRIP. Put the dividends you receive into something else, like an index fund. Don't make your problem worse! +1
by cherijoh
Wed Jan 17, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2498

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

Hey folks, I was wondering if it's typical for an IRA company to charge $500+ for their part in the process of transferring from my mother's traditional IRA to a beneficiary IRA in my name, and then to the custodian of my choice (haven't decided yet between Vanguard, E*Trade, or Fidelity; have acct...
by cherijoh
Wed Jan 17, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension Vs Higher salary + 401k savings plan
Replies: 32
Views: 2751

Re: Federal pension Vs Higher salary + 401k savings plan

Positives for being a fed: -You can probably cut down on medicare costs by quite a bit (as alluded to up post). I just learned about this, despite having worked as a Fed for five years. IIRC, the government picks up their portion of your premium as well. -Relative stability, depending on where you ...
by cherijoh
Wed Jan 17, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1647

Re: London/Paris Trip Questions

recently in the Washington Post: 'How to plan your family’s first international vacation' https://www.washingtonpost.com/lifestyle/travel/how-to-plan-your-familys-first-international-vacation/2018/01/11/96163e4c-efea-11e7-b3bf-ab90a706e175_story.html Also, travel light, take only one small overhead...
by cherijoh
Wed Jan 17, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1647

Re: London/Paris Trip Questions

1. I don't think travel agents are interested in booking that kind of travel anymore, the commissions are close to zero. You are better off doing it yourself unless you are planning to use some really exotic tours or other add-ons to make it worth their while... 2. ATMs work well in Europe, but you...
by cherijoh
Tue Jan 16, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?
Replies: 30
Views: 1517

Re: views on empower retirement? fees ease of use etc?

What are your views on Empower Retirement? Is this a good 401k provider? My future employer uses this. What are the fees? Have you had issues? Can I use vanguard funds? Is there variety? 401k providers generally support numerous retirement plans which each have a different line-up of funds and whic...
by cherijoh
Tue Jan 16, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7446

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

After a pattern continues long enough that the masses think it is the "New Norm". Record ,Massive Inflows to an asset class. Chasing Performance. Greed. This is more along the lines of what I was looking for, in a behavioral sense. For now, I am not seeing very many 'but this time, it is just so di...
by cherijoh
Tue Jan 16, 2018 5:25 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3115

Re: PTO policy after international business travel

I've done a lot of international business travel, and have trouble sleeping on planes and adjusting to major time zone changes, so I sympathize with the OP. What works for me is taking Ambien the first three nights in Asia or Europe, and the first three nights back in the U.S. after an Asia trip. (...
by cherijoh
Tue Jan 16, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3115

Re: PTO policy after international business travel

Arriving one day ahead of your meeting and going back to the office one day after a long flight seems reasonable to me. Some people have no problems adjusting to time zone changes and some do. May be international traveling doesn't suit you if it takes you 5 days to recover at the end of trip. I re...
by cherijoh
Tue Jan 16, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: Reconciling thoughts on Investing Vs Paying down mortgage
Replies: 15
Views: 1843

Re: Reconciling thoughts on Investing Vs Paying down mortgage

I If you have a portfolio with a 7% return it makes no sense to use your incremental capital to pay down a mortgage that costs 2.75% or 3.5% . Starting with this assumption makes your argument for you, but it's just an assumption. Anyone would agree that if you have something giving you an (almost)...
by cherijoh
Mon Jan 15, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 11109

Re: IRS announces new withholding tables for 2018

Does this take into account the increased child tax credit? The withholding tables themselves do not. From the draft version of the W-4, 2018 Form W-4 - fw4--dft.pdf , it appears that will attempt to use the CTC (and others) to guide one to the correct number of allowances. The draft version in you...
by cherijoh
Mon Jan 15, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 11109

Re: 2018 Withholding Tables

rkhusky wrote:
Thu Jan 11, 2018 2:30 pm
The Federal 2018 tax brackets have been released:
https://www.irs.gov/pub/irs-pdf/n1036.pdf
Link is now broken - I am getting a page not found message. I even went to irs.gov and typed in "2018 withholding". I guess I'll try later.
by cherijoh
Mon Jan 15, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: [Should I do a Roth conversion?]
Replies: 9
Views: 964

Re: [Should I do a Roth conversion?]

What is the maximum I can (or should) convert into a ROTH yearly? I would have about 10 yrs before taking social security benefits; retirement age 60, get SS at age 70. Do I convert it all? And spread it out, for example, divide a my tIRAs and 401(k) by 10 and convert 10% yearly? I've also seen som...
by cherijoh
Mon Jan 15, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: TSA locks for luggage
Replies: 18
Views: 1344

Re: TSA locks for luggage

Not put anything valuable in checked luggage. I think people who have to travel with more than they can carry or not allowed to carry and also valuable might make other arrangements to ship things rather than check in luggage. I don't think there is a means to seriously secure checked luggage. I ha...
by cherijoh
Mon Jan 15, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4510

Re: Almost a pathological fear of debt, to my detriment?

Fear of mortgage debt would seem to be the biggest thing that would have an adverse effect on you. When I got my mortgage I did not look at it as debt but as a mechanism to pretty much "lock-in" the majority of my housing costs for the next 30 years. It was the long-term cost savings that made me g...
by cherijoh
Mon Jan 15, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Rollover Before 59 and 1/2
Replies: 5
Views: 384

Re: Pension Rollover Before 59 and 1/2

I always thought that someone under the age of 59 and 1/2 who left their job could rollover a pension lump sum to a traditional IRA without any sort of penalty, as long as they didn’t withdraw from it. Is this true or not? Some people have challenged me on this topic and I wasn’t able to find a str...
by cherijoh
Mon Jan 15, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3115

Re: PTO policy after international business travel

Only the OP's employer can answer his question. I used to work for an international company and it had a dedicated team of employees who traveled more than half way across the globe. I don't recall that they got more than a day or two off after each trip. The wear and tear was obvious as most of th...
by cherijoh
Mon Jan 15, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting side gig while at mega corp
Replies: 25
Views: 2175

Re: Consulting side gig while at mega corp

No need to tell them unless you work for a competitive doing the same thing you do now or your company does. At least that is what I would do. A colleague at my former employer was doing a side gig and had not informed our employer. It was in the same industry although not for a direct competitor. ...
by cherijoh
Mon Jan 15, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 2432

Re: Sell or Keep a rental condo

corgimom11 wrote:
Sun Jan 14, 2018 8:26 pm
I helped them run the numbers and while the rental cash-flowed, it was the appreciation of the unit driving most of the "profit." I told them that this "profit" was not promised tomorrow and you never know what will happen with the housing market.
+1
by cherijoh
Sun Jan 14, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 93
Views: 7251

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

Your contractor example could be mitigated by hiring someone who would take a credit card. After all, you call them, you can ask at the outset. Otherwise pick another. True, if any other contractor is immediately available in an emergency and will accept a credit card. Otherwise check payment (with...
by cherijoh
Sun Jan 14, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2171

Re: Do you correct cashier mistakes?

Sometimes - as I age - it is not a mistake, but the "Senior Discount" .. Good financially. Bad emotionally ... :confused My grocery store offers a 10% senior discount on Thursdays. I'm not eligible for the discount, so I decline it on the self-serve registers, but I find that if I check out with ca...
by cherijoh
Sun Jan 14, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 2432

Re: Sell or Keep a rental condo

On a 55k investment in 2010, you have been netting about 10.5k income /year for the past 7 years. I would look at this as an investment that creates cashflow, which has no correlation or very little correlation with equity markets. To be honest with you, I can't think of a better investment generat...
by cherijoh
Sun Jan 14, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 2432

Re: Sell or Keep a rental condo

One thing I love about real estate is the portfolio diversity it affords you. Also it makes it much harder to overspend on something big in your life. Liquid assets (speaking to after tax mostly) are a few clicks away from being cash and you can spend it on something you may not need. A property li...
by cherijoh
Sat Jan 13, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Pension service credit purchase: yes or no?
Replies: 16
Views: 923

Re: Pension service credit purchase: yes or no?

Are you in TRS3 (or TRS2 or TRS 1)? Something important happens at 20 years of service. When calculating my wife's TRS3 pension, I stumbled into this. She can't buy service from teaching elsewhere, so she just needs to work (they may also have a plan to outright buy service credits, but we don't pl...
by cherijoh
Sat Jan 13, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1227

Re: Roth conversion confusion

You will be 70.5 in June of 2020 so 2020 is the first year of your RMD. As I understand it, you get a "grace period" your first year so you could theoretically delay that payment until April 15 of 2021. I don't recommend it because that means you have to take 2 RMDs in the same tax year (2021). Whe...
by cherijoh
Sat Jan 13, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1227

Re: Roth conversion confusion

I am converting my T-IRA to Roth because I do not want RMD's. I would like to convert some of it each year for tax purposes. I am confused about when I have to start taking RMD's and their relation to tax years. Let's say my birthday is 01/15/1950. In 2018, I am 68, and pay income taxes on 2017 inc...
by cherijoh
Fri Jan 12, 2018 9:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 111
Views: 8700

Re: Post your Financial Milestone Announcements Here

I just passed the $100k mark in my 401k this morning! I started with my company in July 2012 and this was the first year I was able to max the contribution limit. I didn't contribute anything in 2015 while I was on my debt-free journey but once I got down I was able to set my contribution at 25% in...