Search found 140 matches

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: 5241

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: 5043

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: 2466

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: 23725

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: 3506

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: 326

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: 11711

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: 1834

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: 3166

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: 7168

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: 6352

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: 6664

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: 3118

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: 4883

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: 7117

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: 4362

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: 499

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: 9875

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: 4912

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: 4912

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: 5793

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: 3335

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: 3356

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: 719

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: 719

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: 2739

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: 9073

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: 9073

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: 2838

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: 5437

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: 3267

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: 7059

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: 3507

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: 1904

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: 6399

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: 7127

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: 2921

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: 2422

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: 6323

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: Personal Investments
Topic: Finding an adviser for lower-income immigrant couple?
Replies: 13
Views: 1199

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: 1618

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: 1618

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: 1618

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: 6736

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: 1969

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: 2971

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: 1969

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: 2905

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...