Search found 119 matches

by CrazyCatLady
Fri Nov 01, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12404

Re: Possible Layoff: Need Assurance That We Will Be Okay

The lack of empathy in this thread sets my teeth on edge. Yes, the OP has more money than most of us will have, and yes I think his anxiety steams from a lot more than money issues. Having said that, why is it acceptable to mock him or discount his concerns, just because he is FI? I personally think...
by CrazyCatLady
Sun Oct 27, 2019 8:06 pm
Forum: Personal Investments
Topic: IPO Lock Out Agreement
Replies: 12
Views: 910

Re: IPO Lock Out Agreement

How did you acquire your shares? If they came via an incentive equity plan, there is almost certainly language in the plan or the award agreement about being subject to the lockup. I'd review both to see if that language exists and what it says. If you purchased via a PPM or stock purchase agreemen...
by CrazyCatLady
Sun Oct 27, 2019 4:09 pm
Forum: Personal Investments
Topic: IPO Lock Out Agreement
Replies: 12
Views: 910

Re: IPO Lock Out Agreement

Thanks for the responses and info. I've been reading up on the matter and it looks like I would be at the underwriter's mercy regarding my shares being registered. If they refuse to register my shares I could use Rule 144 to get them accepted by a brokerage. That doesn't look to be particularly one...
by CrazyCatLady
Mon Oct 14, 2019 8:05 pm
Forum: Personal Consumer Issues
Topic: Car renting
Replies: 29
Views: 2404

Re: Car renting

As others have said, it can be significantly cheaper to rent off airport. The counter to that is if you rent at the airport they don't spend as much time looking for damage, so you are less likely to get charged for a scratch or small dent (from a shopping cart, not an accident). Regarding damage, ...
by CrazyCatLady
Mon Oct 14, 2019 7:36 am
Forum: Personal Consumer Issues
Topic: Car renting
Replies: 29
Views: 2404

Re: Car renting

If you have the Chase Sapphire Reserve it provides primary rental car coverage, so you would probably want to use that card instead. That way you bypass your insurance for damage to the car. I think the Sapphire Preferred has the same coverage. As others have said, it can be significantly cheaper to...
by CrazyCatLady
Sat Oct 05, 2019 5:28 pm
Forum: Personal Investments
Topic: Help with Emergency Fund
Replies: 6
Views: 927

Re: Help with Emergency Fund

It’s good you have identified tiers in case you need non-retirement funds in an emergency. You have roughly 4 years expenses covered by your Taxable accounts (bank EF, CDs, I-Bonds and Taxable Brokerage). Plus you are adding money regularly to your Taxable Brokerage and I-Bonds. Plus you possibly h...
by CrazyCatLady
Sat Oct 05, 2019 2:26 pm
Forum: Personal Investments
Topic: Help with Emergency Fund
Replies: 6
Views: 927

Help with Emergency Fund

I'm trying to decide the best way to handle my Emergency Fund. Here are the details: Current EF: approximately $30,000 in high yield savings accounts (9-12 months of expenses). Second Layer EF: 7,500 in 1 yr CD (matures 1/2020); 7,500 in 2 yr CD (matures 1/2021) - both @ 3%. Third layer of EF (also ...
by CrazyCatLady
Mon Sep 23, 2019 9:16 pm
Forum: Personal Consumer Issues
Topic: Elite liberal art colleges or bigger selective universities?
Replies: 59
Views: 4500

Re: Elite liberal art colleges or bigger selective universities?

A friend asked me this earlier. His daughter is 12th grade and applying to college now. He indicates she doesn't have a preference to the type of college she goes. She wants to study premed. She has good grades (above 4) and tests well (35 ACT) and is likely that she will be able to get into a good...
by CrazyCatLady
Mon Sep 23, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Accounts that allow Trust beneficiaries
Replies: 16
Views: 799

Re: Savings Accounts that allow Trust beneficiaries

I name my living trust as beneficiary, if possible, because I want to avoid probate. On a bank account? I’ve never heard of a savings account POD to a trust. Gill Most of my accounts are trust accounts, but I also make my trust my POD on any accounts that are individual accounts. The banks have alw...
by CrazyCatLady
Mon Sep 02, 2019 10:29 pm
Forum: Personal Investments
Topic: Should I do Roth conversion, and how?
Replies: 18
Views: 2007

Re: Should I do Roth conversion, and how?

I thought you only lost spousal benefits if you get remarried before age 60? Or is the rule different because you plan to switch from spousal benefits to your own benefits? You are thinking of the rule for losing *survivor* benefits, not spousal benefits. If OP were collecting surviving spouse bene...
by CrazyCatLady
Mon Sep 02, 2019 2:01 pm
Forum: Personal Investments
Topic: Should I do Roth conversion, and how?
Replies: 18
Views: 2007

Re: Should I do Roth conversion, and how?

- 67 years old, single but getting married in 3 years Is there a financial or SS reason why you're waiting so long to get married? (I think there is a SS "rule" I'm not familiar with.) This is difficult for us to comment on without knowing your future spouse's financial situation too. Usually, a Si...
by CrazyCatLady
Mon Sep 02, 2019 1:53 pm
Forum: Personal Investments
Topic: Bank Financial Planner Suggests Market Linked CD
Replies: 11
Views: 874

Re: Bank Financial Planner Suggests Market Linked CD

Thanks, everyone. I was highly skeptical of these CDs and it sounds like you all share my concerns. I will share the article with the trustee which will hopefully help. I keep reminding the trustee that bank planners are not her fiduciary, but she feels obligated to "earn the highest interest rate ...
by CrazyCatLady
Mon Sep 02, 2019 10:11 am
Forum: Personal Investments
Topic: Bank Financial Planner Suggests Market Linked CD
Replies: 11
Views: 874

Re: Bank Financial Planner Suggests Market Linked CD

Thanks, everyone. I was highly skeptical of these CDs and it sounds like you all share my concerns. I will share the article with the trustee which will hopefully help. I keep reminding the trustee that bank planners are not her fiduciary, but she feels obligated to "earn the highest interest rate p...
by CrazyCatLady
Mon Sep 02, 2019 7:34 am
Forum: Personal Investments
Topic: Bank Financial Planner Suggests Market Linked CD
Replies: 11
Views: 874

Bank Financial Planner Suggests Market Linked CD

Grantor and trustee (two different people, both my family members) go to a bank to open a checking account and CDs for a trust (6 figures). The teller sees them coming and offers to set up a meeting with the bank's financial planner. The planner comes over to say hi and gives a brief spiel. My famil...
by CrazyCatLady
Wed Aug 14, 2019 6:57 pm
Forum: Personal Investments
Topic: Vanguard trade glitch - okay to cancel?
Replies: 6
Views: 727

Re: Vanguard trade glitch - okay to cancel?

Yes, Vanguard can do that. I had Fidelity do something similar, but many years ago. They wouldn’t have offered if it was a big deal. I purchased a non-Vanguard EFT yesterday. I placed the order as a limit order for a one day duration. I looked this morning and there was no record of the trade and t...
by CrazyCatLady
Wed Aug 14, 2019 6:28 pm
Forum: Personal Investments
Topic: Vanguard trade glitch - okay to cancel?
Replies: 6
Views: 727

Vanguard trade glitch - okay to cancel?

I purchased a non-Vanguard EFT yesterday. I placed the order as a limit order for a one day duration. I looked this morning and there was no record of the trade and there were no debits to my settlement account, so I assumed the market spiked right before I placed my order and my limit price was not...
by CrazyCatLady
Tue Aug 06, 2019 8:10 am
Forum: Personal Investments
Topic: TLH for the first time - want to make sure I do it correctly
Replies: 10
Views: 670

Re: TLH for the first time - want to make sure I do it correctly

For the next 31 days, any additional international stock purchases will be VTI (or at least not IXUS). VTI is not international. Did you mean any additional stock purchases will be VTI? Other than that, it looks fine. There shouldn't be any dividends paid out in the next 30 days. Brain freeze - I m...
by CrazyCatLady
Tue Aug 06, 2019 8:02 am
Forum: Personal Investments
Topic: TLH for the first time - want to make sure I do it correctly
Replies: 10
Views: 670

Re: TLH for the first time - want to make sure I do it correctly

I would not pay any commissions to do what you are doing. Do you have to pay a commission on any of those trades? I was hoping you'd respond :) No commissions - my account is at Vanguard and iShares are commission free. While it is OK to sell the ETF shares that you bought on Monday the next day (o...
by CrazyCatLady
Tue Aug 06, 2019 7:32 am
Forum: Personal Investments
Topic: TLH for the first time - want to make sure I do it correctly
Replies: 10
Views: 670

Re: TLH for the first time - want to make sure I do it correctly

For the next 31 days, any additional international stock purchases will be VTI (or at least not IXUS). VTI is not international. Did you mean any additional stock purchases will be VTI? Other than that, it looks fine. There shouldn't be any dividends paid out in the next 30 days. Brain freeze - I m...
by CrazyCatLady
Mon Aug 05, 2019 8:55 pm
Forum: Personal Investments
Topic: TLH for the first time - want to make sure I do it correctly
Replies: 10
Views: 670

TLH for the first time - want to make sure I do it correctly

I have IXUS (iShares international) in my taxable account, all bought since January. I buy on average 2x per month, including a purchase made today. The shares purchased in Jan and Feb are at a gain, the remainder are showing a loss. Total loss is about $1,200. I propose selling all IXUS purchased f...
by CrazyCatLady
Thu May 23, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my student loans early?
Replies: 22
Views: 2273

Re: Should I pay off my student loans early?

If they are weighing on you, pay them off. I felt so much better when mine were gone. Re affecting your credit score, the only way it could do that is by affecting your average length of credit history and the effect is fairly minimal. My loans were large enough I was on the 30-year plan and paid th...
by CrazyCatLady
Fri May 03, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 5947

Re: Short BYND? (beyond meat, IPO today)

As a vegetarian, I can share my perspective. Veggie burgers can be delicious, but I like them because they are different than meat burgers. A good veggie burger is its own thing, not an imitation of a meat burger. Beyond Meat patties are too similar to actual meat to entice me. As mentioned above, ...
by CrazyCatLady
Sun Apr 21, 2019 6:08 pm
Forum: Personal Investments
Topic: Taxable Brokerage Fund Question
Replies: 23
Views: 1848

Re: Taxable Brokerage Fund Question

I wish I found this forum when I was your age. I would have done things a lot differently :) I think you said your taxable account is at Vanguard. If that's the case, remember that you can purchase several non-Vanguard ETFs commission free. Every year Triceratop does a tax efficiency spreadsheet. I ...
by CrazyCatLady
Tue Apr 16, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 15541

Re: In Laws Retirement Nest Egg

I think people in this thread are being much too hard on the OP. Different cultures/families are different. In some, parents asking or needing money from their children is unheard of, as the whole focus of people's lives is to create a better life for their children. My gramma would rather starve t...
by CrazyCatLady
Mon Apr 15, 2019 7:42 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1371

Re: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)

A newbie question: Do you do convert all fund dollars to a common tax status when doing an asset allocation? This makes a bit of difference when the accounts are partitioned across different tax categories. For example, a 60/40 portfolio with all equities in Roth and all bonds in traditional 401, c...
by CrazyCatLady
Sun Apr 14, 2019 9:49 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1371

Re: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)

A newbie question: Do you do convert all fund dollars to a common tax status when doing an asset allocation? This makes a bit of difference when the accounts are partitioned across different tax categories. For example, a 60/40 portfolio with all equities in Roth and all bonds in traditional 401, c...
by CrazyCatLady
Sun Apr 14, 2019 12:41 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1371

Re: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)

Thanks everyone, I appreciate the help! Once I projected out contributions for the rest of the year as Nolesrules suggested, I realized if I changed my 401(k) allocations to be about 2/3 Bonds, 1/3 VTSAX and a little bit to Small Cap, by the end of the year I will only be about $15,000 short in bond...
by CrazyCatLady
Sun Apr 14, 2019 10:03 am
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1371

Re: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)

Just rebalance once a year or use tolerance bands so something doesn't get too out of kilter. Also, if you estimate how much you think you'll contribute to each account throughout the year, you just set your contribution allocations to each account based on how much of each will go into the account...
by CrazyCatLady
Sat Apr 13, 2019 4:07 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1371

Re: Rebalancing across accounts (need help from people mathematically smarter than me! :)

This is going to potentially ruin everything, but I suggest adding VWO (emerging) in taxable. It is a very tax efficient fund currently (not sure if it beats IXUS or not for you). Add VWO such that it reaches 0.22 / (1-0.22) of your value of Developed and keep IXUS. For example, if you have 200k in...
by CrazyCatLady
Sat Apr 13, 2019 3:55 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1371

Re: Rebalancing across accounts (need help from people mathematically smarter than me! :)

Don't use math at all. Simply guess and make trial-and-error guesses. This other thread is all about guessing: https://www.bogleheads.org/forum/viewtopic.php?t=150267 No spreadsheet(s) needed either. After reading that thread, please tell me what you think. Thanks! That is pretty interesting, and m...
by CrazyCatLady
Sat Apr 13, 2019 2:00 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1371

Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)

I added a taxable account this year and some of my allocations are getting skewed as a result. I am trying to figure out the best way to rebalance and then set my allocations going forward. It's a little complicated (to me at least) so please bear with me. My desired allocations are 41% US, 24% Inte...
by CrazyCatLady
Mon Apr 08, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes (itemize or not?)
Replies: 16
Views: 1300

Re: Taxes (itemize or not?)

Thanks everyone for the confirmation! That's what I figured, but taxes make me paranoid :)
by CrazyCatLady
Mon Apr 08, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Taxes (itemize or not?)
Replies: 16
Views: 1300

Taxes (itemize or not?)

Traditionally I have itemized. I ran the numbers, and I have enough deductions to itemize this year as well. However, I live in a state which requires you to itemize state if you itemize federal. My itemized deductions for state are about $2,000 less than the state standard deduction. If I don't ite...
by CrazyCatLady
Wed Apr 03, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Would like a review of my premium credit card usage portfolio
Replies: 47
Views: 2641

Re: Would like a review of my premium credit card usage portfolio

Looks pretty good to me! If you travel enough and can get value out of the Citi Prestige 4th night free benefit, that might be a good card to add. Excellent 5x points on travel and dining, and starting in May will have cell protection similar to the Uber card. 4th night will be limited to 2x a year...
by CrazyCatLady
Thu Mar 28, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Crossroad of what to do next?
Replies: 54
Views: 4693

Re: Crossroad of what to do next?

Not finance related, but you may want to think about the timing of switching schools. 7th grade puts them at about 13, and I can't think of much worse things for a teenager (especially teenage girls) than having to start over in a new school at that age unless some of their friends are switching wit...
by CrazyCatLady
Thu Mar 28, 2019 7:21 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 3807

Re: Allocation for Those Late to the Party

People on this board (myself included), freak out and think you can't retire with less than $2m. Then I remember my mom is retired on less than $100k in CDs and less than $2k per month in SS and pension (decent retirement including occasional travel), yet still saves at least $300 per month, so it i...
by CrazyCatLady
Wed Mar 27, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: Why is my retirement plan investing in private equity?
Replies: 19
Views: 1352

Re: Why is my retirement plan investing in private equity?

Hi there, I'm with OPERS Defined Contribution plan, they charge 60 dollars a year on management fee and their index funds (domestic and international) are 2 and 4 basis points so I like it very much. However, i just got an email from OPERS, stating that they invest almost 12 percent in private equi...
by CrazyCatLady
Sat Mar 23, 2019 3:18 am
Forum: Personal Investments
Topic: Most tax efficient small cap fund?
Replies: 12
Views: 1051

Re: Most tax efficient small cap fund?

I'm scheduled to rebalance next week and the only place I have room to buy small cap is in taxable. I hold Vanguard Small Cap SP600 Value in my Roth IRA (VIOV) and Vanguard Small Cap Growth (VISGX) in my 401(k) (only small cap option in 401(k)). I'm in the 24% bracket (could potentially cross into ...
by CrazyCatLady
Fri Mar 22, 2019 6:33 pm
Forum: Personal Investments
Topic: Most tax efficient small cap fund?
Replies: 12
Views: 1051

Re: Most tax efficient small cap fund?

vanguard tax-managed small cap though it is not tax efficient. I would hold total stock index in my taxable account. Small Cap Growth is most tax efficient. Good to know, thanks to you both! It sounds like I had this one planned wrong...I may have to reevaluate. My Roth is already all VIOV and I do...
by CrazyCatLady
Fri Mar 22, 2019 6:16 pm
Forum: Personal Investments
Topic: Most tax efficient small cap fund?
Replies: 12
Views: 1051

Most tax efficient small cap fund?

I'm scheduled to rebalance next week and the only place I have room to buy small cap is in taxable. I hold Vanguard Small Cap SP600 Value in my Roth IRA (VIOV) and Vanguard Small Cap Growth (VISGX) in my 401(k) (only small cap option in 401(k)). I'm in the 24% bracket (could potentially cross into 3...
by CrazyCatLady
Sat Mar 09, 2019 10:18 am
Forum: Personal Investments
Topic: Need Financial and Portfolio Allocation Advice
Replies: 15
Views: 906

Re: Need Financial and Portfolio Allocation Advice

You are going to get a lot of different advice, and ultimately you have to do what is best for you and gives you peace of mind. However, from my experience, I would say contribute enough to your 401(k) to get the match, and then throw the rest at your students loans. It took me 15 years to pay off m...
by CrazyCatLady
Wed Feb 20, 2019 8:39 pm
Forum: Personal Investments
Topic: No emergency fund?
Replies: 51
Views: 4276

Re: No emergency fund?

A 5% cash allocation is find. There is no need to call it an emergency fund. :happy And that is a fair point in favor of keeping such a fund. The opportunity cost of keeping 5% or less of your portfolio in cash is probably not much, especially in today's environment where a high-yield savings accou...
by CrazyCatLady
Sun Feb 17, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?
Replies: 11
Views: 420

Re: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?

livesoft wrote:
Sun Feb 17, 2019 1:53 pm
Next time, buy HRBlock download version for about $20 for Federal and State. Free Federal e-file. Print and mail in state (unless it is NY State, then free e-file).
I'll remember that for next year, thanks!
by CrazyCatLady
Sun Feb 17, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?
Replies: 11
Views: 420

Re: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?

Like a genius, I decided to take HR Block's offer to start my taxes for free and see if I needed to "upgrade". :oops: I spent a couple hours entering all my info (yay refund!) and all of a sudden it tells me I have to pay $36.99 to generate a state return (not sure if that includes state efile, or ...
by CrazyCatLady
Sun Feb 17, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?
Replies: 11
Views: 420

Re: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?

I bonds might be a good investment for anyone in particular. The smart part about taking your refund (refund, not return) in I bonds might be the opportunity to buy more than the annual limit that can be purchased at Treasury Direct anytime anyway. Also the bonds are paper bonds which means you do ...
by CrazyCatLady
Sun Feb 17, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 8331

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

I'm with everyone else. You can afford it, so you have to decide if the car is important enough to you that you want to spend (and ultimately lose) that much money on it. If not and there are certain features you like, maybe you can find them in a cheaper car? My car horror story. In my 20s I wanted...
by CrazyCatLady
Sun Feb 17, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?
Replies: 11
Views: 420

HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?

Like a genius, I decided to take HR Block's offer to start my taxes for free and see if I needed to "upgrade". :oops: I spent a couple hours entering all my info (yay refund!) and all of a sudden it tells me I have to pay $36.99 to generate a state return (not sure if that includes state efile, or j...
by CrazyCatLady
Sat Feb 16, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Buying a 2019 RAV4 hybrid - how to pay for it?
Replies: 76
Views: 4455

Re: Buying a 2019 RAV4 hybrid - how to pay for it?

Don't have any advice (other than to avoid the 401(k)/403(b) loan at all costs), but this thread made me laugh. We somehow went from your question about the best way to finance your car, to people telling you not to buy a car, buy a different car or move closer to work. I kept waiting for the sugges...
by CrazyCatLady
Sat Feb 16, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you tell your beneficiaries?
Replies: 69
Views: 4675

Re: Do you tell your beneficiaries?

If my beneficiaries were not immediate family members, I would hesitate to tell them. What if you change your mind down the road and want to change beneficiaries? That could be an extremely awkward conversation. Further, if you tell them, they may grow to rely on an inheritance bailing them out of ...
by CrazyCatLady
Fri Feb 15, 2019 8:26 am
Forum: Investing - Theory, News & General
Topic: Fidelity reports-The number of 401(k) and IRA millionaires declined. The number of people with $1 million or more in the
Replies: 47
Views: 5454

Re: Fidelity reports-The number of 401(k) and IRA millionaires declined. The number of people with $1 million or more in

My take away from this is that AT LEAST 1% of IRA owners are millionaires. Primarily because of 401(k) rollovers? With the annual IRA contribution limits, is it possible to hit a million with just contributions? I guess maybe someone who started investing in their early 20s, had been investing the ...