Search found 127 matches

by ColoRetiredGirl
Sun Oct 14, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to get a Federal Job
Replies: 22
Views: 2915

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: 4329

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: 6716

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: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4158

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: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios Back Door Roth
Replies: 3
Views: 403

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: 139
Views: 8728

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: 4811

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: 4811

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: 5503

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: 3255

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: 3200

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: 685

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: 685

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: 2602

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: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 98
Views: 8830

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: 98
Views: 8830

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: 2670

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: 5222

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: 3112

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: 6793

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: 3408

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: 1801

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: 6229

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: 6927

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: 2784

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: 2280

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: 6131

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: 1133

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: 1567

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: 1567

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: 1567

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: 69
Views: 6482

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: 1917

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: 2908

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: 1917

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: 2853

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: 2853

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: 2853

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: 2853

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: 2853

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: 2097

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: 2853

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: 69
Views: 6482

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: 69
Views: 6482

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: 4974

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: 4904

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: 1347

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: 5864

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: 1547

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...