Search found 112 matches

by ColoRetiredGirl
Fri Aug 17, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 92
Views: 7268

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: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 92
Views: 7268

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: 33
Views: 2303

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: 4814

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: 2842

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: 6466

Re: "Dollar Tree Store" favorites

Wethers candies and miscellaneous cards (birthday, sympathy etc).
by ColoRetiredGirl
Tue Aug 07, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a five figure "inherited" cash sum?
Replies: 32
Views: 3289

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: 1725

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: 6045

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: Investing - Help with Personal Investments
Topic: Unexpected early retirement - requesting advice
Replies: 56
Views: 6630

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: Investing - Help with Personal Investments
Topic: Allocation for 47 yo wanting to retire in 10 years
Replies: 19
Views: 2700

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...
by ColoRetiredGirl
Wed Jul 25, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Help with Budget Please...(detailed income added)
Replies: 28
Views: 2222

Re: Help with Budget Please...

Few items that I can think of: Essentials & fixed costs House + utilities+ Pool+ maintenance 3,350 --- Unless you think too much house, you cannot change this Childcare 800 Cars - 1100 -- Too high...why is it so high?, gas insurance seem exceptionally high. Variable: Food+ restaurant+ lunch = 775 -...
by ColoRetiredGirl
Sun Jul 08, 2018 9:05 am
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 5800

Re: Girls and investing

Fundamental business concepts can be learned by anyone at any age in a way that can be understood. As simple as making good choices, thinking before acting and/or choosing, and the consequences of poor choices in the near and long term. It doesn't have to be about money. The concepts apply to every...
by ColoRetiredGirl
Sat Jul 07, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Finding an adviser for lower-income immigrant couple?
Replies: 13
Views: 1098

Re: Finding an adviser for lower-income immigrant couple?

Fan23 wrote:
Sat Jul 07, 2018 3:09 pm
If they only have $20K to invest and haven't even set up retirement funds for themselves, I sure hope someone talks them out of 529s for their grandchildren, for crying out loud. Terrible idea.
A very big +1 for agreement. They need to take care of themselves first and then kids if they can.
by ColoRetiredGirl
Sun Jul 01, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: What are these Bank & Credit Union Fees?
Replies: 16
Views: 1501

Re: What are these Bank & Credit Union Fees?

Thanks. So in what circumstances would a bank run a credit & identification check? This fee wouldn't apply to setting up a new checking or savings account, would it? Yes, it would. Banks and credit unions now look up your banking history with ChexSystems which is like a credit bureau, but it keeps ...
by ColoRetiredGirl
Sun Jul 01, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: What are these Bank & Credit Union Fees?
Replies: 16
Views: 1501

Re: What are these Bank & Credit Union Fees?

Thanks. So in what circumstances would a bank run a credit & identification check? This fee wouldn't apply to setting up a new checking or savings account, would it? I feel a bit stupid, but of the following fees, which ones apply to me writing a bad check and which ones apply to someone writing a b...
by ColoRetiredGirl
Sat Jun 30, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: What are these Bank & Credit Union Fees?
Replies: 16
Views: 1501

Re: What are these Bank & Credit Union Feesou wanted the bank to hold your paper statements if you were on vacation or o

I need to open a bank account at a different bank. I've been looking over the fees at several banks and I have no idea what many of them are. Could someone please explain what these are: Verification Fee - $10. bank runs a credit & identification check Held Statement Fee - $5 if you went on vacatio...
by ColoRetiredGirl
Mon Jun 25, 2018 10:01 am
Forum: Personal Consumer Issues
Topic: Chipmunk problem
Replies: 61
Views: 5221

Re: Chipmunk problem

We have 12 years experience. These fellas are so cute when they show up. But as they gorge on birdseed and our flower garden, they procreate and become a yard full of striped rats. They are pests in our yard. They are always into mischief like stripping wires and chewing up things to make nests. We...
by ColoRetiredGirl
Fri Jun 22, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: What do you include in your grocery budget?
Replies: 36
Views: 1787

Re: What do you include in your grocery budget?

Thank you all for your responses. The reason for the question is my “food” category is my largest monthly expense after rent. It is way too high for a single person which made me think I should determine the exact amount of food consumption, at home and eating out. I never gave it a second thought w...
by ColoRetiredGirl
Fri Jun 22, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Minimizing my money worries in retirement
Replies: 17
Views: 2793

Re: Minimizing my money worries in retirement

Your time horizon is too long for me. I do a detailed projection for the current year and the upcoming year. Then I forecast in general terms what my expenses will look like. I have a variable WR floor and ceiling based on the volatility of the market and/or my portfolio balance. I am in my first ye...
by ColoRetiredGirl
Fri Jun 22, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: What do you include in your grocery budget?
Replies: 36
Views: 1787

What do you include in your grocery budget?

In developing my budget for the food category I include staples such as toilet paper, cleaning supplies etc as I purchase these type of items while grocery shopping. Do you include these infrequent items in your food category or in its own category?
by ColoRetiredGirl
Thu Jun 21, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 22
Views: 2754

Re: MIL passed- question about her Social Security

Really! Both getting the same full SS amount! Really??? Theoretically it is possible to have more than 2 spouses claim on your work history: You are married to your first spouse from age 20 to 30. You are married to your second spouse from age 31 to 41. You are married to your third spouse from age...
by ColoRetiredGirl
Wed Jun 20, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 22
Views: 2754

Re: MIL passed- question about her Social Security

JoeRetire wrote:
Wed Jun 20, 2018 5:47 pm
ColoRetiredGirl wrote:
Wed Jun 20, 2018 4:08 pm
Thanks I fix my typo. Yes I understand it may add a little to SS depletion but all the give-always add up. Let me know if I have any other typos.🙂
Okay. :happy

You probably meant to write "giveaways".
Yes..giveaways. Sitting in Starbucks on my phone is the not serving me well today. 😖
by ColoRetiredGirl
Wed Jun 20, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 22
Views: 2754

Re: MIL passed- question about her Social Security

If she was married to the first husband for 10 or more years, the first may have dibs on some of her SS. Even if the first ex has dibs on some of her SS, that doesn't impact the benefit the second husband may receive. Both may be able to claim a survivor's benefit without impacting each other. Real...
by ColoRetiredGirl
Wed Jun 20, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 22
Views: 2754

Re: MIL passed- question about her Social Security

Really! Both getting the same full SS amount! Really??? If so, no wonder the fund will be depleted. I plan to face check this. 🤔 Yes really. This aspect of social security has very little impact on the fund being depleted. I don't know what "fact check" means. Is that anything like a hip check? Tha...
by ColoRetiredGirl
Wed Jun 20, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 22
Views: 2754

Re: MIL passed- question about her Social Security

If she was married to the first husband for 10 or more years, the first may have dibs on some of her SS. Even if the first ex has dibs on some of her SS, that doesn't impact the benefit the second husband may receive. Both may be able to claim a survivor's benefit without impacting each other. Real...
by ColoRetiredGirl
Wed Jun 20, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for long-term care of a brother with Autism? (Financial aspect)
Replies: 27
Views: 1936

Re: Planning for long-term care of a brother with Autism? (Financial aspect)

NOLA wrote:
Wed Jun 20, 2018 2:42 pm
What a great brother you are! Keep up the hard work and he is very lucky to have you.
I totally agree with this statement. Please do not take this wrong but any young woman would be proud to introduce you to their parents. Read between the lines. Just say’n.
by ColoRetiredGirl
Tue Jun 19, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 22
Views: 2754

Re: MIL passed- question about her Social Security

Jack FFR1846 wrote:
Tue Jun 19, 2018 1:16 pm
Was the mother married to her first husband for 10 or more years?
OP

Please answer this question. If she was married to the first husband for 10 or more years, the first may have dibs on some of her SS.
by ColoRetiredGirl
Tue Jun 19, 2018 9:10 am
Forum: Personal Consumer Issues
Topic: Chipmunk problem
Replies: 61
Views: 5221

Re: Chipmunk problem

:? Can’t we all just get along together? They were probably in your neighborhood before you moved in. And, before your ask…I have squirrels which I happily feed along with the ducks, geese, rabbits, and a variety of birds. I consider this my local ‘welfare’ contribution. Very naive view. Deer were ...
by ColoRetiredGirl
Mon Jun 18, 2018 9:08 pm
Forum: Personal Consumer Issues
Topic: Chipmunk problem
Replies: 61
Views: 5221

Re: Chipmunk problem

We have 12 years experience. These fellas are so cute when they show up. But as they gorge on birdseed and our flower garden, they procreate and become a yard full of striped rats. They are pests in our yard. They are always into mischief like stripping wires and chewing up things to make nests. We...
by ColoRetiredGirl
Sat May 26, 2018 7:18 am
Forum: Investing - Theory, News & General
Topic: The "4% withdrawal rate"- would it apply to someone "retiring" in their 70s?
Replies: 54
Views: 4739

Re: The "4% withdrawl rate" - would it apply to someone "retiring" in their 70s?

I am not as savvy as the other responders but with a SPIA, how would a SPIA be helpful if they need additional funds for unexpected medical expenses? It would be very helpful to know more information such as SS income, monthly expenses and possible need to fund out of pocket medical expenses. IMHO, ...
by ColoRetiredGirl
Thu May 24, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4785

Re: Fear vs. reality. Don't worry. Be happy.

Great article. As a new retiree, it has placed me in the “don’t worry” category. Nevertheless, I plan to remain cautious with my spending given the current market volatility.
by ColoRetiredGirl
Mon May 21, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing ways to protect ones financial identity
Replies: 11
Views: 1305

Re: Comparing ways to protect ones financial identity

Good evening all, I wanted to see what everyone is doing to best protect their financial profile from identity theft. I do/have done the following: -Froze Credit for both Wife and myself (kids are too young). I won't be taking out a loan ever again but I may still need to unfreeze for that eventual...
by ColoRetiredGirl
Mon May 21, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5672

Re: Finance a $28,000 house for Broth

My initial reaction would be to recommend that you buy the home and do a "rent to own" deal with your brother. However, it does not seem like you have enough financial stability to pull it off. I would pass. Everybody gets tired of renting. That is when you start working two jobs and start saving l...
by ColoRetiredGirl
Thu May 17, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1491

Re: Question for Federal Govt Retirees

Burning through all your annual leave may not be wise as your pension funds may be delayed a few months or more depending on how complicated your government history would be to compute. I added over 1 year towards my retirement (pension) calculation by not using my sick leave. I would give your empl...
by ColoRetiredGirl
Thu May 17, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 5261

Re: New motorcycle rider

Ride in the country or less traveled roads. I found the country roads make the ride more enjoyable. Bright lights, a load horn, and a swivel head goes a long way. Harley-Davidson has $1,500 rebate through June 30thon new 2017 and 2018 bikes. Crossing the street is also dangerous. You just need to be...
by ColoRetiredGirl
Thu May 10, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Help with retirement portfolio and planning please
Replies: 9
Views: 702

Re: Help with retirement portfolio and planning please

I hope others will chime in here but as a recent retired government employee I want to know your retirement date and if you ran your retirement plan without the FERS supplement to bridge you until 62 and no COLA. It would give you the worst case scenario to consider as to retiring or waiting.
by ColoRetiredGirl
Fri Apr 20, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Bonds vs. Fixed/Guaranteed Income
Replies: 21
Views: 2427

Re: Bonds vs. Fixed/Guaranteed Income

Just a data point, almost all my fixed income portion are in TIAA Traditional, a stable value fund. +1, about half of my fixed income allocation is in TIAA Traditional, but note that it yields about 4%. If it was only 2.5%, I would probably stick with bonds. One point of comparison is EE savings bo...
by ColoRetiredGirl
Fri Apr 20, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8868

Re: “The Smell of Retiree Mon$y...”

Dottie57 wrote:
Thu Apr 19, 2018 11:44 am
If they keep pestering, tell them that with another visit or suggestion they will be disinherited.

It is YOUR money.

And YES you can blame them.
Ditto! How dare they bother you now. It is disrespectful IMHO!
by ColoRetiredGirl
Wed Apr 18, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds vs. Fixed/Guaranteed Income
Replies: 21
Views: 2427

Re: Bonds vs. Fixed/Guaranteed Income

Just a data point, almost all my fixed income portion are in TIAA Traditional, a stable value fund. +1, about half of my fixed income allocation is in TIAA Traditional, but note that it yields about 4%. If it was only 2.5%, I would probably stick with bonds. One point of comparison is EE savings bo...
by ColoRetiredGirl
Thu Mar 29, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Winding down a balanced fund in taxable
Replies: 5
Views: 869

Re: Winding down a balanced fund in taxable

I cannot help you out but you definitely helped me out. I have been looking for this type of service. Thank you!
by ColoRetiredGirl
Tue Mar 27, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 7283

Re: Grass is always greener, federal edition

5. There will be some sort of grandfathering that I'll probably receive. Are you sure? I have heard and read some proposals that employees with 25 years and more will be grandfathered in the current system. You will contribute more each year to your own pension funds. I would recommend investing thi...
by ColoRetiredGirl
Fri Mar 16, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: Colorado Summer Vacation - what to see and where to stay
Replies: 61
Views: 4534

Re: Colorado Summer Vacation - what to see and where to stay

samsoes wrote:
Tue Mar 06, 2018 11:39 am
Go white water rafting through the Royal Gorge. There are plenty of outfitters in Canon City to choose from. I had great experiences with Raft Masters.
+1. Canon City for rafting and Florence CO ( antiques) is a nice town. You can also go hiking around there.
by ColoRetiredGirl
Fri Mar 16, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: Colorado Summer Vacation - what to see and where to stay
Replies: 61
Views: 4534

Re: Colorado Summer Vacation - what to see and where to stay

I would stay out of the front range area for the most part. It's crowded and much less pretty than the Western Slope. No reason to spend any time in Denver other than the airport (which isn't great, but flights to other parts of Colorado are expensive). However, Rocky Mountain National Park is abso...
by ColoRetiredGirl
Fri Mar 16, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: Colorado Summer Vacation - what to see and where to stay
Replies: 61
Views: 4534

Re: Colorado Summer Vacation - what to see and where to stay

If you want to hike, I would recommend at least a little time in Estes Park, not far from Denver and the entry to Rocky Mountain National Park. The Stanley Hotel is a classic. Rocky Mtn Ntl Park is a beautiful place. Estes Park is a cool little town. It can get a bit crowded, but I'd jump at the ch...
by ColoRetiredGirl
Thu Mar 15, 2018 7:52 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3664
Views: 1039864

Re: What Movie Have You Recently Watched?

All the Oscar movies and other movies. My favorite is Black Panther ( seen twice)!
by ColoRetiredGirl
Sun Mar 11, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Stay in federal employment vs leave for private practice
Replies: 30
Views: 2796

Re: Stay in federal employment vs leave for private practice

I was a professional (non-MD) with the Feds for 35 years, and am now retired under the old CSRS system. It's worked out well. The newer FERS system is a lot better than people seem to think, especially for high earners who can afford to max out the TSP. The real question is whether FERS will be wat...
by ColoRetiredGirl
Sun Mar 11, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Something weird this day came
Replies: 22
Views: 2891

Re: Something weird this day came

Nate79 wrote:
Sun Mar 11, 2018 1:12 am
Maybe there was supposed to be a note inside that got mistakenly omitted. I would call them up to see why they sent it.
+1. This was my first thought. Maybe the letter was accidentally omitted.
by ColoRetiredGirl
Wed Mar 07, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't invest in my company 401K - mistake?
Replies: 24
Views: 2641

Re: Didn't invest in my company 401K - mistake?

Well, I can think of some reasons why "always" is not true, so there you go. If he had said "almost always", then Dave Ramsey is right. I'll give an example by asking a couple of questions: Back then when you didn't invest in the company 401(k) plan, did you put the money in an IRA and perhaps also...
by ColoRetiredGirl
Tue Mar 06, 2018 10:15 am
Forum: Investing - Theory, News & General
Topic: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"
Replies: 48
Views: 7086

Re: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"

So the article might not be the best written. But, one example in the article is that the target date 2020 Fund has a stock allocation of 60%! The Vanguard 2020 fund has a stock allocation of 55%, not that much different. 40% of the stock allocation is in international! Please correct me if I am wr...