Search found 47 matches

by cdc
Fri Feb 07, 2020 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Pros & Cons of accepting HELOC?
Replies: 13
Views: 992

Re: Pros & Cons of accepting HELOC?

We got one a few years ago when the kids were in high school just in case we needed more cash to pay for college. It looks like we won’t need to use it but I’m glad we got it as it cost nothing. In your case it could come in handy to supplement your down payment (if you need it) for your new house u...
by cdc
Tue Feb 04, 2020 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with deciding whether to buy a house in DC or keep on renting
Replies: 67
Views: 2919

Re: Struggling with deciding whether to buy a house in DC or keep on renting

I’m not sure you’ve cast a wide enough net on the Maryland side, which really is cheaper despite having better schools than DC. I live less than a mile from the Friendship Heights metro station (a 15 minute walk) in a 4 br 3 ba house that zillows for $925k.
by cdc
Thu Jan 09, 2020 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Does this sound like a solid idea to pay for college?
Replies: 54
Views: 3937

Re: Does this sound like a solid idea to pay for college?

I would not assume your kid won’t get scholarships and financial aid. Especially as a math major, a field dominated by guys. My guess is she’ll be a hot commodity when it’s time to apply.
by cdc
Sat Jan 04, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: 18 Months Until Retirement? Can I do This?
Replies: 8
Views: 1732

Re: 18 Months Until Retirement? Can I do This?

Could you take a 100% survivor benefit option? If so what would the reduced amount be? Unfortunately, the best I can do under FERS is a 50% survivor option. I agree, it’s a risk in that DW stands to lose $34,000 in annual income between SS and pension if I predecease her, but, short of paying for p...
by cdc
Fri Jan 03, 2020 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: 18 Months Until Retirement? Can I do This?
Replies: 8
Views: 1732

Re: 18 Months Until Retirement? Can I do This?

“$144k plus taxes/lumpy spending on top seems high on your savings.” $144k includes taxes and lumpy expenses. (We spent $14,000 on a car last year and that expenditure is loaded into the expenses.) having said that, yes,I can get by on $10,000 per month (again, includes taxes). Expenses can be cut, ...
by cdc
Fri Jan 03, 2020 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: 18 Months Until Retirement? Can I do This?
Replies: 8
Views: 1732

18 Months Until Retirement? Can I do This?

I turn 60 in July 2021, and am hoping to retire at that time. Please let me know your thoughts on our situation and plan. Me: 58, excellent health DW: 54, excellent health We have two kids in college, which we’re paying for through a combination of 529 savings and cash flow. The older kid graduates ...
by cdc
Sat Nov 30, 2019 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1458
Views: 381856

Re: Share your net worth progression

What is the definition of net worth and is it being applied consistently? For instance, are folks adjusting portfolios for tax liabilities? Are folks valuing pensions? If so, how?
by cdc
Wed Nov 27, 2019 9:39 pm
Forum: Personal Consumer Issues
Topic: Best Albums of 2019
Replies: 41
Views: 4045

Re: Best Albums of 2019

Glad to see a few nods to Purple Mountains. Such a great album.
by cdc
Wed Nov 27, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Anyone consider financial health of college in decision?
Replies: 17
Views: 1491

Re: Anyone consider financial health of college in decision?

Yes, we absolutely did, and I wouldn’t limit your diligence to only private schools. Many states are cutting funding to their colleges and universities.
by cdc
Thu Nov 21, 2019 9:22 pm
Forum: Personal Investments
Topic: Portfolio Review: Double FERS
Replies: 26
Views: 2091

Re: Portfolio Review: Double FERS

Re: expenses of $90,000—does this include both mortgages?
by cdc
Mon Nov 11, 2019 10:45 pm
Forum: Personal Investments
Topic: What’s in your TSP?
Replies: 47
Views: 3710

Re: What’s in your TSP?

I’m 50 C, 10 S, 20 F, 20 G in my TSP. Outside of TSP I utilize a 3 fund portfolio in my rollover IRAs: 50 total stock, 10 Intl, 40 total bond.
by cdc
Thu Oct 17, 2019 10:48 pm
Forum: Personal Investments
Topic: Fee-only planner for federal employees?
Replies: 30
Views: 2328

Re: Fee-only planner for federal employees?

Stephen Zelcer is a young, fairly knowledgeable advisor who touts himself as a Federal employee specialist. He has spoken at our agency a few times. Not sure whether he is fee-only, but his presentation-style suggests that he might be. https://stephenzelcer.com/ Zelcer spoke at my agency recently. ...
by cdc
Wed Sep 18, 2019 8:33 pm
Forum: Investing - Theory, News & General
Topic: How factor in pension with savings goal?
Replies: 16
Views: 1385

Re: How factor in pension with savings goal?

I personally estimate how much my monthly pension will be, and subtract that from my expected monthly expenses. The amount left over will have to be made up with social security and savings. +1 This is how I’m factoring in my pension. It’s no different than with Social Security, assuming the pensio...
by cdc
Thu Jul 25, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Wharton Paper—Preparing for retirement
Replies: 8
Views: 1827

Wharton Paper—Preparing for retirement

Apologies if this has already been posted. I found a lot to chew on here.

https://knowledge.wharton.upenn.edu/art ... etirement/
by cdc
Sat Jul 06, 2019 9:49 pm
Forum: Personal Investments
Topic: G Fund Question in Retirement
Replies: 32
Views: 2883

Re: G Fund Question in Retirement

YTD returns for the F Fund are higher, because interest rates have come down, making existing bonds more valuable. Conversely, when interest rates go up, the F Fund (like any normal bond fund) will decline in value and underperform the G Fund. There's more room for interest rates to go up than down...
by cdc
Mon Apr 29, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Income Cushion
Replies: 10
Views: 1320

Re: Retirement Income Cushion

peetsperk wrote:
Mon Apr 29, 2019 9:21 pm
Do your pensions have survivor options of 50%, 75% and 100%?
Yes, the numbers above include the highest survivor options.
by cdc
Mon Apr 29, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Income Cushion
Replies: 10
Views: 1320

Retirement Income Cushion

Hello Bogleheads—I turn 58 this year. DW is 54. We’re both in excellent health. We’re blesssed with the classic three-legged stool retirement income: savings, a couple of pension plans (three-fourths of which are inflation protected), and social security. I also have retiree health through my employ...
by cdc
Mon Apr 08, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Old W2: where to look?
Replies: 7
Views: 816

Re: Old W2: where to look?

123 wrote:
Sun Apr 07, 2019 8:52 pm
SSA has specific forms and procedures to document specific employer in cases such as yours. https://www.ssa.gov/forms/ssa-7050.pdf
There are required fees indicated on the request form.
This is helpful. Thanks.
by cdc
Sun Apr 07, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Old W2: where to look?
Replies: 7
Views: 816

Old W2: where to look?

I need to locate a w2 from a former employer from 1996 in order to resolve a dispute over a pension calculation. I’ve been unable to find a copy in my files. The employer says they’re not required to keep records from that far back, and the IRS says something similar on the instructions for the form...
by cdc
Fri Mar 29, 2019 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question—College Age Daughter
Replies: 8
Views: 727

Re: Tax Question—College Age Daughter

erictiger wrote:
Fri Mar 29, 2019 11:10 pm
If Ohio withheld her tax, then she needs to file Ohio tax return to get the money back.
Yes, she’ll file an Ohio return too to get that refund.
by cdc
Fri Mar 29, 2019 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question—College Age Daughter
Replies: 8
Views: 727

Re: Tax Question—College Age Daughter

bmr12 wrote:
Fri Mar 29, 2019 11:06 pm
Is she paying in state or out of state tuition in Ohio? [if private, this doesn’t come up]

If she’s out of state in Ohio, then I would claim all of the income in MD. Or vice-versa.
The Ohio school is private.
by cdc
Fri Mar 29, 2019 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question—College Age Daughter
Replies: 8
Views: 727

Tax Question—College Age Daughter

I’ve Googled and can’t find a straight answer to what seems like a common situation. We live in Maryland, and my daughter goes to college in Ohio. She earned money in MD last summer and money in OH under her federal work-study. I’m guessing that all her income is reported on her MD taxes. Or would s...
by cdc
Wed Mar 20, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: College for average kids
Replies: 126
Views: 14772

Re: College for average kids

Some kids are late bloomers. I was a terrible student in high school, got low test scores, poor grades, etc. I was better in college but still not all that serious. I’ve done well in life.
by cdc
Thu Mar 14, 2019 7:56 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1326
Views: 183107

Re: Post your Financial Milestone Announcements Here

If I add my net present value of pension, I realized this week that my net worth would double. The pension is the same as my entire net worth ( it’s actually a bit higher). How did you do this calculation? I was thinking PV of payment stream using, say, a 4% discount rate and assuming mortality of ...
by cdc
Wed Mar 13, 2019 8:06 pm
Forum: Personal Consumer Issues
Topic: Peanut Butter recommendations
Replies: 84
Views: 7327

Re: Peanut Butter recommendations

We buy Whole Foods’ 365 brand. $5 for 36oz. jar.
by cdc
Mon Mar 11, 2019 8:10 pm
Forum: Personal Investments
Topic: tIRA Retirement Withdrawals Question
Replies: 3
Views: 271

Re: tIRA Retirement Withdrawals Question

I’m no expert on Social Security, but I think your spouse can draw her benefit beginning at age 62, then switch to her spousal benefit when you start your benefit. It also might be worth it to wait until you’re 70 to take yours. Run the numbers here: https://opensocialsecurity.com Once you have a SS...
by cdc
Sat Mar 09, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: DIY Will and Trust?
Replies: 5
Views: 444

Re: DIY Will and Trust?

I just posted this and saw another thread on the same topic. I’ll look at that one. Thanks.
by cdc
Sat Mar 09, 2019 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: DIY Will and Trust?
Replies: 5
Views: 444

DIY Will and Trust?

We have a simple will but it’s 15 years old, and primarily establishes who raises our kids should we both die. I need to update things, since our kids are now grown and in college. We live in Maryland, own a home, and have the bulk of our assets in our home and tax deferred retirement accounts. Net ...
by cdc
Sat Mar 02, 2019 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: College Savings - Are we going about this the wrong way?
Replies: 88
Views: 5963

Re: College Savings - Are we going about this the wrong way?

When my kid was born, I started putting $100 a month into a 529. My parents threw in some as well, now and then. I invested it well. Now he is 15 and college is paid for. No regrets. How much is your account worth today? By my math,you should have $34,000 from you put in, plus whatever your parents...
by cdc
Sat Mar 02, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: College Savings - Are we going about this the wrong way?
Replies: 88
Views: 5963

Re: College Savings - Are we going about this the wrong way?

It’s good that you’re starting early and can best take advantage of compounding. We saved $200/month for each child, and, in retrospect, I wish we’d done twice that.
by cdc
Sun Feb 24, 2019 10:43 am
Forum: Personal Consumer Issues
Topic: Is Hyundai the value sweet spot?
Replies: 139
Views: 15641

Re: Is Hyundai the value sweet spot?

We looked at the 2019 Hyundai Tucson v. The Honda CRV last week, and went with the CRV when we negotiated a price, all-in, within $400 of the comparable Tucson model. The Honda felt more solid on our test drive and we liked the interior better. They’re both good cars, though. Best of luck!
by cdc
Sun Feb 10, 2019 4:55 pm
Forum: Investing - Theory, News & General
Topic: TSP G Fund: Considered Bonds or Cash
Replies: 25
Views: 1509

Re: TSP G Fund: Considered Bonds or Cash

I consider the G fund to be part of my bond allocation.
by cdc
Fri Feb 01, 2019 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Could Credit Card Work as Hypothetical Emergency Fund Instead of Cash?
Replies: 43
Views: 2617

Re: Could Credit Card Work as Hypothetical Emergency Fund Instead of Cash?

I have about $30,000 in liquid assets as an emergency fund, but I also have $200,000 in undrawn HELOC availability. So, not credit card debt, but, yes, debt, the same way that a corporate treasurer would think about their liquidity needs.
by cdc
Tue Jan 29, 2019 2:13 pm
Forum: Personal Investments
Topic: Pro and Cons to Vanguard Target Retirement Funds
Replies: 13
Views: 1385

Re: Pro and Cons to Vanguard Target Retirement Funds

I think one con of a target fund is the risk of a major bear market 6-7 years out from the target date. You’re on the glide path down, locking in losses that you won’t recoup.
by cdc
Mon Jan 21, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a condo in Bethesda/DC area, am I there yet?
Replies: 12
Views: 1455

Re: Buy a condo in Bethesda/DC area, am I there yet?

What would your monthly payment be if you bought—principal, interest, taxes, and insurance (plus the hoa)? Do you have a big enough down payment to avoid mortgage insurance? Also, do due diligence on the coop (financial wherewithal, rules & regulations, etc.) to make sure this is a place you want to...
by cdc
Sun Jan 13, 2019 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Dropping collision insurance on auto policy for older car?
Replies: 25
Views: 2314

Re: Dropping collision insurance on auto policy for older car?

Our college-aid daughter recently totaled our 2011 Honda Civic. The insurance company gave us $9,000. Our remaining vehicle is a 2004 Honda Odyssey with low miles (about 80,000) but lots of dings and scratches on the body. I’m guessing it’s worth, at most, $2,500. My question is whether I should dr...
by cdc
Sun Jan 13, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Dropping collision insurance on auto policy for older car?
Replies: 25
Views: 2314

Re: Dropping collision insurance on auto policy for older car?

Thanks for the responses, everyone. We’ll drop the collision coverage.
by cdc
Sun Jan 13, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Dropping collision insurance on auto policy for older car?
Replies: 25
Views: 2314

Dropping collision insurance on auto policy for older car?

Our college-aid daughter recently totaled our 2011 Honda Civic. The insurance company gave us $9,000. Our remaining vehicle is a 2004 Honda Odyssey with low miles (about 80,000) but lots of dings and scratches on the body. I’m guessing it’s worth, at most, $2,500. My question is whether I should dro...
by cdc
Thu Jan 10, 2019 9:06 pm
Forum: Personal Investments
Topic: Thrift Savings Plan (TSP) U.S. Equity Allocations
Replies: 10
Views: 1281

Re: Thrift Savings Plan (TSP) U.S. Equity Allocations

I’m in the TSP, and I’m allocated 50% C, 10% S, 35% F, and 5% G. This portfolio feels right to me. A bit off-topic, but worth considering shifting from F to G. The G Fund is unique in that it gives you the returns of intermediate-term treasuries, but without the duration risk. The F Fund is just a ...
by cdc
Thu Jan 10, 2019 4:28 pm
Forum: Personal Investments
Topic: Thrift Savings Plan (TSP) U.S. Equity Allocations
Replies: 10
Views: 1281

Re: Thrift Savings Plan (TSP) U.S. Equity Allocations

I’m in the TSP, and I’m allocated 50% C, 10% S, 35% F, and 5% G. This portfolio feels right to me. I don’t invest in I because it ignores emerging markets.
by cdc
Fri Jan 04, 2019 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 109
Views: 6915

Re: FAFSA - is it worth filling out?

Fill out the expected family contribution info on the school’s website (typically on the financial aid tab). If it shows you should get money, fill out the FAFSA.
by cdc
Wed Dec 12, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 24734

Re: What percentage of your net worth is your home equity?

About 33%, which I could realize eventually if I retire to a low-cost area.
by cdc
Sat Jan 27, 2018 6:09 pm
Forum: Personal Investments
Topic: Close to Retirement--Asset Allocation for Retirement Savings
Replies: 2
Views: 630

Close to Retirement--Asset Allocation for Retirement Savings

What are your thoughts on the proper asset allocation (stocks v. bonds) for a retirement portfolio for someone who plans to retire in their early 60s and is today: 1. Five years from retirement 2. At retirement I'm trying to understand the glide path, if applicable. Also,if it's helpful, my withdraw...
by cdc
Sat Jun 03, 2017 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Seeking input--retirement plan
Replies: 13
Views: 1576

Re: Seeking input--retirement plan

• I’m 56, spouse is 52 • My salary is $158,000/yr; spouse makes about $10,000/yr freelancing • I contribute about $16,000/yr to these accounts (includes employer match) • I estimate that, at 62, the retirement account balances should be slightly in excess of $2 million, and that our annual income s...
by cdc
Sat Jun 03, 2017 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Seeking input--retirement plan
Replies: 13
Views: 1576

Re: Seeking input--retirement plan

Are your DB plans inflation adjusted? What would your wife's income be if you predecease her? How does your projected retirement income compare to your projected retirement expenses? The bigger DB plan has a COLA adjustment; smaller one does not. Wife would get 50% J&S pension from the larger one i...
by cdc
Sat Jun 03, 2017 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Seeking input--retirement plan
Replies: 13
Views: 1576

Re: Seeking input--retirement plan

Your numbers look great! Couple points for clarification: -Please share your current/desired AA. -Are you planning to pay for the kids college? If so, is that $ in a different account not listed, or are you cash flowing it? If so, how does this affect your savings plans for those years? -You shared...
by cdc
Fri Jun 02, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking input--retirement plan
Replies: 13
Views: 1576

Seeking input--retirement plan

Long-time lurker, first-time poster, seeking some input on my situation/retirement plan: • I’m 56, spouse is 52 • My salary is $158,000/yr; spouse makes about $10,000/yr freelancing • Together our tax advantaged retirement accounts (401Ks and IRAs) total about $1.4 million • I contribute about $16,0...