Search found 151 matches

by ColoRetiredGirl
Fri Nov 15, 2019 10:57 am
Forum: Personal Investments
Topic: Charles Schwab or Fidelity?
Replies: 46
Views: 3471

Re: Charles Schwab or Fidelity?

I am with Schwab and very happy with their customer service. With this said, interview both companies and make a decision which one best fits your investment goals.
by ColoRetiredGirl
Tue Nov 12, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Cash In or Take Annual Leave
Replies: 11
Views: 1099

Re: Cash In or Take Annual Leave

Former CSRS employee here who retired earlier this year. Just my 2 cents worth. You are talking about 7.5 weeks of AL. Why use all that leave rather than get paid for it? That will be a really nice chunk of change to get right when you retire (my AL payout was included in my final paycheck). If you...
by ColoRetiredGirl
Tue Nov 12, 2019 10:21 am
Forum: Investing - Theory, News & General
Topic: Roth Conversion Calculation
Replies: 17
Views: 1389

Re: Roth Conversion Calculation

UPDATE: Thank you to all that responded. I can use all your advice this weekend. I am planning a conversion in the middle of the 22% tax bracket. No joy in getting into the 12% bracket. 😩 Again, thank you so much. I will let you know how it went. This is my first time in calculating a Roth conversi...
by ColoRetiredGirl
Tue Nov 12, 2019 10:14 am
Forum: Investing - Theory, News & General
Topic: Roth Conversion Calculation
Replies: 17
Views: 1389

Re: Roth Conversion Calculation

I am trying to calculate a Roth conversion after reviewing several sources. I am retired, single, not itemizing, not taking social security and 65 year old. Pretty much a simple TIRA account (no K-1s etc). This is what I think is the calculation: 1) Determine all income sources for the year (pensio...
by ColoRetiredGirl
Mon Nov 11, 2019 9:12 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversion Calculation
Replies: 17
Views: 1389

Re: Roth Conversion Calculation

Are you also looking a tif the conversion moves you into IRMAA status, and how close you are to the next ledge? I am sorry… what is a tif? Neil has a slight typo and just means "at if" (or "to see if"). He is referring to this easy-to-read publication to see if you will have a Medicare surcharge (a...
by ColoRetiredGirl
Mon Nov 11, 2019 8:11 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversion Calculation
Replies: 17
Views: 1389

Re: Roth Conversion Calculation

neilpilot wrote:
Mon Nov 11, 2019 5:59 pm
Are you also looking a tif the conversion moves you into IRMAA status, and how close you are to the next ledge?
I am sorry… what is a tif?
by ColoRetiredGirl
Mon Nov 11, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversion Calculation
Replies: 17
Views: 1389

Roth Conversion Calculation

UPDATE: Thank you to all that responded. I can use all your advice this weekend. I am planning a conversion in the middle of the 22% tax bracket. No joy in getting into the 12% bracket. 😩 Again, thank you so much. I will let you know how it went. This is my first time in calculating a Roth conversio...
by ColoRetiredGirl
Fri Sep 06, 2019 9:18 pm
Forum: Personal Investments
Topic: Middle Age people with low savings need to take on more investment risk than is normal?
Replies: 52
Views: 5972

Re: Middle Age people with low savings need to take on more investment risk than is normal?

The most important thing for her to understand is that the one thing that impacts your future wealth is HOW MUCH you save when you are younger, since you have more time on your side to make it grow. This is more important than what you invest in. Maybe she can be challenged to put herself on a "fin...
by ColoRetiredGirl
Sun Aug 04, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for making and reviewing a family budget
Replies: 25
Views: 1521

Re: Advice for making and reviewing a family budget

Consider using You Need A Budget for a few months. The "public" trial is 34 days but if you email them they'll usually extend it to four months. That's long enough to get a handle on it. https://www.youneedabudget.com/ Mint is about looking backwards . Where did your spending go over a given period...
by ColoRetiredGirl
Sat Aug 03, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 125
Views: 9653

Re: Federal Employee Burn or Sick Leave

I think it is more of an ethical decision. Would you like to expound on this comment. There are are other threads here that discuss the disposition of sick time for federal employees as a part of retirement planning. Are you familiar with the details of how the system works? If so please share. If ...
by ColoRetiredGirl
Sat Aug 03, 2019 9:14 am
Forum: Personal Investments
Topic: Divorce- Help with Present Value Pension Calculation
Replies: 20
Views: 2259

Re: Divorce- Help with Present Value Pension Calculatio

I am not sure but as a federal employee and in FERs or CSRS, you may want to ask HR what they see. I think but not sure if they have some sort of calculation.
by ColoRetiredGirl
Tue Feb 19, 2019 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 62
Views: 5451

Re: Easiest Way to Give $100k Cash to Non-Family Member

whodidntante wrote:
Sun Feb 17, 2019 8:13 pm
Do you need another friend?
LOL! :sharebeer
by ColoRetiredGirl
Tue Feb 19, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Budgeting - What Do You Spend?
Replies: 46
Views: 5455

Re: Retirement Budgeting - What Do You Spend?

Someone on this website mentioned You Need A Budget (YNAB) as a good software to use. It was extremely helpful resulting in less stress in determining my new expenses in retirement. Actually, YNAB has been a life changer! At $83 a year it is worth every penny. I reviewed my pre-retirement spending a...
by ColoRetiredGirl
Thu Jan 10, 2019 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: How do you manage credit card use with monthly budget
Replies: 37
Views: 2624

Re: How do you manage credit card use with monthly budget

onourway wrote:
Wed Jan 09, 2019 7:59 pm
I don’t find PC to be terribly useful for this kind of tracking. I much prefer You Need a Budget which will make tracking this automatic.
+++Yes! Use You Need A Budget (YNAB).
by ColoRetiredGirl
Sun Jan 06, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 274
Views: 24910

Re: $40,000 in debt, bankruptcy seems to be the best option right now

I think the problem is that you live in an extremely high cost of living area on an average income. Your income may be fine for some areas of the country, but not Miami. Perhaps think about this - -- What are you using the credit cards for now that you cannot pay for from your income? That may give...
by ColoRetiredGirl
Sat Jan 05, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab to Vanguard ?
Replies: 45
Views: 3690

Re: Schwab to Vanguard ?

sixtyforty wrote:
Tue Jan 01, 2019 5:52 pm
Thanks for all the great feedback. After thinking though this a bit more, I might just stay with Schwab for now.
Ask Schwab for some free trades. I know of a few people who asked and received. They want to keep you happy.
by ColoRetiredGirl
Fri Dec 28, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Best Personal Finance Books
Replies: 1
Views: 344

Re: Larry Swedroe: Best Personal Finance Books

Thank you for posting this. I plan to checkout some of these books.
by ColoRetiredGirl
Sat Dec 22, 2018 2:13 pm
Forum: US Chapters
Topic: My Christmas Present To You
Replies: 108
Views: 12711

Re: My Christmas Present To You

IlikeJackB wrote:
Sat Dec 22, 2018 2:04 pm
Thank you for your service to our country those many years ago, Taylor. And thank you for your continuing service here on the Bogleheads website.
I second this! Thank you!
by ColoRetiredGirl
Sat Dec 22, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Bank offered free interest rate reduction
Replies: 24
Views: 1933

Re: Bank offered free interest rate reduction

Question: Is there a prepayment penalty in this offer? I am just curious.
by ColoRetiredGirl
Sat Dec 22, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Having minor panic about finances with second child, best way to budget?
Replies: 54
Views: 3316

Re: Having minor panic about finances with second child, best way to budget?

How old is the child in pre-school? If she’s very young (say, age 3) you might consider having the nanny watch both kids which will greatly reduce your expenses. If she’s older (4) then she should be starting kindergarten next year, in which case this is really only a 1-year occurrence where you wi...
by ColoRetiredGirl
Sun Dec 09, 2018 11:14 am
Forum: Personal Investments
Topic: Retiring in 2 weeks, Traditional 401k
Replies: 99
Views: 7267

Re: Retiring in 2 weeks, Traditional 401k

Your mom should get on to Obamacare. It will probably be less expensive then Cobra. Also a general rule of thumb is to take 4% from one's retirement accounts. So with about $300k in a 401k or rollover IRA, $12k/year of IRA distributions should make his retirement savings last into his 90s. Taking o...
by ColoRetiredGirl
Tue Dec 04, 2018 12:33 am
Forum: Investing - Theory, News & General
Topic: I'm up 5% ytd and I will take it
Replies: 55
Views: 6488

Re: I'm up 5% ytd and I will take it

The market is not worth keeping track of day to day and hardly worth tracking year to year or worrying about. Every investor should have a 50+ year time horizon and pretty much ignore financial movements and news. How can a 61 year old have a 50+ year timeline. My asset allocatio Reflects my shorte...
by ColoRetiredGirl
Tue Dec 04, 2018 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Proper way to retire
Replies: 57
Views: 6781

Re: Proper way to retire

I would not think it's proper to give a two-week notice then take off. You must not have a very good relationship with your supervisor to have considered doing this and if that's the case, I wouldn't be surprised if they asked for your resignation right away. TravelforFun My thoughts exactly! I wou...
by ColoRetiredGirl
Sun Oct 14, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to get a Federal Job
Replies: 22
Views: 3187

Re: Trying to get a Federal Job

I don't particularly care about the pension contribution percentage changing, because all that does is change how much of the benefit received in retirement is taxable. The effect of High 5 vs high 3 would depend on my salaries 2-3 decades from now. It may or may not have a huge impact. Losing the ...
by ColoRetiredGirl
Tue Oct 02, 2018 11:33 pm
Forum: Personal Consumer Issues
Topic: My Experience in Buying a Burial Plot: The cost (in NJ)
Replies: 64
Views: 5006

Re: My Experience in Buying a Burial Plot: The cost (in NJ)

Meh, whatever my heirs inherit will cover the cost of the funeral and then some. Not going to have a burial plot, it seems rather dumb to assume you deserve to take up permanent space on the earth. Funerals are for the living, they can decide what to do with me. +1 I often tell my wife, just put me...
by ColoRetiredGirl
Sat Sep 29, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 7358

Re: New Relationship - Best way to handle finances?

It sounds like you each have a kid? Are they the same age? Yes. My daughter is 7 and her son is 9. There should at least be a discussion of how the kids are treated, financially speaking. Do you consult each other before getting your own kid an expensive item, like an iPad? Much easier to discuss u...
by ColoRetiredGirl
Fri Sep 28, 2018 9:33 am
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4430

Re: SIL - 25x vs firecalc

- we've received a lot of advice from friends and counselors to walk away. We're not going to do that, we think there is a compromise where her son, who is 23, will provide financial and emotional support and we'll work with him if necessary. We're hoping by the time she runs out of money, he'll be...
by ColoRetiredGirl
Fri Sep 28, 2018 8:36 am
Forum: Personal Investments
Topic: Schwab Intelligent Portfolios Back Door Roth
Replies: 3
Views: 523

Re: Schwab Intelligent Portfolios Back Door Roth

Call the SIP help desk or your advisor. They should be able to walk you through the process.
by ColoRetiredGirl
Thu Sep 20, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 142
Views: 10252

Re: Physical Banking - Any benefits anymore?

modulusmath wrote:
Wed Sep 19, 2018 8:40 pm
1. They have free lollipops at the counter.
>>Genius. You put a smile on my face :D
AND, they allow you take more than one, along with the pen of course. I will always use a brick and mortar bank. I have used them since I was five years old with my little deposit book. ☺️
by ColoRetiredGirl
Wed Sep 19, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4992

Re: Elderly parents are in debt - Need advice

Makes sense. You could present it this way: your dad could temporarily make you/siblings the beneficiary. Then proceed with bankruptcy filings. After that's done, he could change back the beneficiary your mom again. This should be an easier conversation. Thank you for your advice. Maybe not good ad...
by ColoRetiredGirl
Tue Sep 18, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4992

Re: Elderly parents are in debt - Need advice

Makes sense. You could present it this way: your dad could temporarily make you/siblings the beneficiary. Then proceed with bankruptcy filings. After that's done, he could change back the beneficiary your mom again. This should be an easier conversation. Thank you for your advice. Maybe not good ad...
by ColoRetiredGirl
Sat Sep 15, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 71
Views: 6086

Re: [Wearing] Shorts in Egypt

IMHO it is not about you looking like a clown or your comfort. It is about respecting their culture. If it is not appropriate for women to bare their legs and arms, then cover up. You are visiting their home. When my sister and I knew we were going to Yap, we researched their customs. In Yap it was ...
by ColoRetiredGirl
Wed Sep 12, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died, financial guidance welcome.
Replies: 21
Views: 3393

Re: Mom died, financial guidance welcome.

Sorry for your loss. One thing you will want to have are several copies of the death certificate to provide to her creditors, bank, etc. Also, you may want to contact a neighbor to have them keep a watch on the house and car for security purposes.
by ColoRetiredGirl
Tue Sep 11, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Father Wants a Home Mortgage (Bad Credit Score)
Replies: 43
Views: 3536

Re: Father Wants a Home Mortgage (Bad Credit Score)

I am not an attorney but since your fathers actions (paying property taxes, insurance, paying ahead etc) would indicate a rent to own agreement was made, I would take him to court indicating a traditional renter agreement was not the agreement. If he has proof of making these non traditional payment...
by ColoRetiredGirl
Fri Aug 31, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: YNAB and Government Pensions
Replies: 4
Views: 743

Re: YNAB and Government Pensions

I don't understand your question. After the first few months of your fed gov pension, once the dust settles, the amount you receive will be the same every month. It will (or should be) direct deposited into your bank checking or savings account. Your software, YNAB or whatever you use (I use Moneyd...
by ColoRetiredGirl
Thu Aug 30, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: YNAB and Government Pensions
Replies: 4
Views: 743

YNAB and Government Pensions

I was reading another post about investment/ budgeting software where YNAB was mentioned several times. So not to hijack that thread, I would like to know if any YNAB users are able to use the transfer function with their government pension accounts, specifically OPM. I want to try YNAB only if I ca...
by ColoRetiredGirl
Mon Aug 27, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: Pensions and retirement savings rate
Replies: 30
Views: 2854

Re: Pensions and retirement savings rate

We did not explicitly allow my pension participation to influence our non-pension savings rate which varied from 10% to 30% over the decades. But we had almost no employee contribution to my pension. Things like timing of house purchase, birth of kids, 1 income or 2 incomes and paying college costs...
by ColoRetiredGirl
Fri Aug 17, 2018 6:35 pm
Forum: Personal Investments
Topic: Elderly Relative Short on Money
Replies: 98
Views: 9237

Re: Elderly Relative Short on Money

She has been working part time helping one of her friends plan parties and decorate for the last few years. I didn't include this in the initial post because her friend will be moving in a year or so and the job will go away. I think she makes $800 a month or so, so it will definitely help for the n...
by ColoRetiredGirl
Thu Aug 16, 2018 11:28 pm
Forum: Personal Investments
Topic: Elderly Relative Short on Money
Replies: 98
Views: 9237

Re: Elderly Relative Short on Money

It looks like she might even have no federal liability at all. Is this a high cost of living area because that seems like high rent for someone in her situation? If her health is good, you might want to look into an immediate annuity for part of her funds. You will also need to plan for the likelih...
by ColoRetiredGirl
Mon Aug 13, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for Parental Care in my road to financial independence
Replies: 34
Views: 2951

Re: Plan for Parental Care in my road to financial independence

That's exactly the point I kept trying to impress upon OP in my posts above without getting into politics. See https://www.nbcnews.com/politics/immigration/now-trump-administration-wants-limit-citizenship-legal-immigrants-n897931 Yup. Maybe things will work out in spite of all that. The optics in t...
by ColoRetiredGirl
Mon Aug 13, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 77
Views: 5736

Re: How often do you check your brokerage accounts

I have three brokerage accounts--Vanguard, Schwab and TD Ameritrade which came over from Scottrade. I re-balance quarterly. I look at the Schwab balance regularly because I bank with them. I'd like to ignore the other two except when I get ready to do my quarterly re-balancing. Vanguard and TDA sen...
by ColoRetiredGirl
Mon Aug 13, 2018 9:50 am
Forum: Personal Consumer Issues
Topic: Should I Do This? [borrow from relative to pay off loan]
Replies: 55
Views: 3448

Re: Should I Do This? [borrow from relative to pay off loan]

If I were in your shoes, I would sell the car, pay off the loan, and buy whatever car I could afford to purchase in cash . It might be a clunker. And cut up the credit cards. Both of these debts are an emergency situation. This is what I think I’d do too. Keeping a car you can’t afford is a huge fi...
by ColoRetiredGirl
Wed Aug 08, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 7303

Re: "Dollar Tree Store" favorites

Wethers candies and miscellaneous cards (birthday, sympathy etc).
by ColoRetiredGirl
Tue Aug 07, 2018 7:45 pm
Forum: Personal Investments
Topic: What to do with a five figure "inherited" cash sum?
Replies: 32
Views: 3571

Re: What to do with a five figure "inherited" cash sum?

I absolutely do not condone splitting up deposits as this could lead to a structuring charge. If the money was earned legitimately (and was taxed accordingly) and can be documented, just do the whole deposit and explain it for what it is. Now if it wasn't, well, then that's a different ball game :P...
by ColoRetiredGirl
Sun Aug 05, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Death of Grandfather - creating to do list for Grandmther
Replies: 23
Views: 1932

Re: Help! Death of Grandfather - creating to do list for Grandmther

Get a number of death certificates as institutions may request a copy. As far as the leased car, I would definitely called the leader. I would be surprised if they did not require full insurance coverage on the car. If something happened to the car or God forbid you get in a car accident in the car ...
by ColoRetiredGirl
Thu Aug 02, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6573

Re: Co - signed a Mortage, Now wants out

Rupert wrote:
Thu Aug 02, 2018 9:37 am
I think a higher interest rate is part of the price your sister must pay for the bankruptcy. You're going to find that refi is the only option here.
Bingo! You are a better credit risk than your sister. Higher credit risk (sister) equals higher interest rate.
by ColoRetiredGirl
Wed Aug 01, 2018 8:31 pm
Forum: Personal Investments
Topic: Unexpected early retirement - requesting advice
Replies: 56
Views: 7321

Re: Unexpected early retirement - requesting advice

Hello All, After several years worth of reading this forum and learning a lot from the advice given to others, I have unexpectedly found myself in a position where I might have to retire sooner rather than later. In fact, much sooner than expected – like maybe tomorrow if necessary. It is funny how...
by ColoRetiredGirl
Thu Jul 26, 2018 8:55 am
Forum: Personal Investments
Topic: Allocation for 47 yo wanting to retire in 10 years
Replies: 19
Views: 3011

Re: Allocation for 47 yo wanting to retire in 10 years

You may want to run your numbers through www.firecalc.com to see if you will have enough money to last through retirement. In addition, you may want to subscribe to the Financial Independence Retie Early (FIRE) group / newsletters Early Retirement Now for their good articles on the logistics for pre...