Search found 415 matches

by ShowMeTheER
Thu Oct 10, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: GE Pension Buyout
Replies: 77
Views: 8503

Re: GE Pension Buyout

Don’t count on any sweetener - it’s uncommon for those already termed. I agree that #3 is a nice option but also keep in mind it’ll be a solid 15 years from now until you are feeling the ‘win’ from that. Depending on the rest of your situation, you may consider the lump sum just to be done with it a...
by ShowMeTheER
Wed Aug 14, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to make sense out of this refinance
Replies: 10
Views: 1055

Re: Trying to make sense out of this refinance

There is a loan balance ($159K), an interest rate, a term, escrow/prepay cost and then junk fees. I prefer to see each of these - including the consistent balance to your current loan. You’ll improve on rate, you’ll dump PMI. Both good. Do the junk fees make it worthwhile (i.e., non-escrow/non-prepa...
by ShowMeTheER
Wed Aug 14, 2019 4:32 am
Forum: Personal Finance (Not Investing)
Topic: Refinance!!! Go or No Go??
Replies: 18
Views: 2059

Re: Refinance!!! Go or No Go??

You should refinance, but not with this lender at this offer. Go find he same rate/term for something well less than half of the fees this lender has quoted you.
by ShowMeTheER
Wed Aug 07, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Plan Lump Sum - Calculation Error By Employer
Replies: 13
Views: 1131

Re: Pension Plan Lump Sum - Calculation Error By Employer

Ignoring it would be similar to ignoring any other tax form... so no I don’t advise that even though this will be a hassle for you. Given your solid understanding of financials/taxes, I would encourage you to ‘own’ the entire thing. Certainly not a common situation specifically, but eventually you s...
by ShowMeTheER
Wed Aug 07, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Pension Plan Lump Sum - Calculation Error By Employer
Replies: 13
Views: 1131

Re: Pension Plan Lump Sum - Calculation Error By Employer

Once this type of error is found, the employer is pretty well stuck with doing the corrective actions that you are experiencing. The governing bodies have no “reasonable” sense when it comes to resolutions. One thing the employer could do though is compensate you for tax penalty and tax prep. I have...
by ShowMeTheER
Thu Jul 25, 2019 2:21 pm
Forum: Personal Investments
Topic: Possible Retirement
Replies: 11
Views: 1465

Re: Possible Retirement

Yes, you're fine with the current situation/plan so long as the DCP pays as expected.

Enjoy retirement!
by ShowMeTheER
Tue Jul 16, 2019 4:57 am
Forum: Personal Investments
Topic: Should I refinance my home loan?
Replies: 13
Views: 1106

Re: Should I refinance my home loan?

Yes, find a solid deal and refi. You have many thousands to gain. You should be able to find something with a 12 month or less payback very easily given your numbers.
by ShowMeTheER
Wed Jul 10, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Home Refinance
Replies: 25
Views: 1811

Re: Home Refinance

Depending on your total 'junk' fees, I would do it. A quarter point is a quarter point. Give your healthy mortgage balance, you can certainly find a winning refi right now. The version you quoted might be a winner, but you have to get to the true total fees in order to analyze it. If the real answer...
by ShowMeTheER
Thu Jun 13, 2019 5:00 am
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 87
Views: 9619

Re: How safe are pensions in the U.S.?

Extremely safe, as far as what has already been earned/accrued. In fact, it is illegal in most cases to cut accrued benefits. Reductions to future accruals can/do take place but most often it’s misunderstood or misreported as ‘took my pension away’. PBGC protection applies in most private sector sit...
by ShowMeTheER
Wed Jun 12, 2019 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Pension plus savings vs defined contribution plan for new teacher
Replies: 11
Views: 1084

Re: Pension plus savings vs defined contribution plan for new teacher

Although not as lucrative as some teacher pensions, I still like the pension option. Very safe and provides a nice hedge to an otherwise defined contribution world.

If she bolts after five years or so, I don’t think there is a big loss in either case.
by ShowMeTheER
Wed Apr 03, 2019 8:57 pm
Forum: Personal Investments
Topic: Leaving First Command Tax Repercussions
Replies: 28
Views: 2288

Re: Leaving First Command Tax Repercussions

How much have you contributed/funded toward this account that now has $200K? At least that would help you understand worst case scenario on what might be unrealized. It all sounds so terrible that unless you have extreme gains to deal with, it might be in your best interest to get out at all costs. ...
by ShowMeTheER
Sun Mar 10, 2019 12:13 pm
Forum: Personal Investments
Topic: Need Help With Mothers Portfolio
Replies: 15
Views: 1393

Re: Need Help With Mothers Portfolio

Consolidate the IRA to a 1 to 3 fund simple, cheap portfolio. Sell the taxable investments that have ~$0 gains and do the same. I’d think you have room to sell other investments that have gains and still keep it to a $0 tax impact (depending on any other income sources).2 Is she still looking to inv...
by ShowMeTheER
Sat Mar 02, 2019 9:40 pm
Forum: Personal Investments
Topic: Need advice on Portfolio Review
Replies: 7
Views: 864

Re: Need advice on Portfolio Review

Consensus on this board would be that he acted in his own interests... simply b/c most feel you could have accomplished much of the same on your own and/or cheaper. (although I have no idea how much he is making on the deal specifically). If you outline the payment streams from those annuities you m...
by ShowMeTheER
Fri Mar 01, 2019 9:52 pm
Forum: Personal Investments
Topic: Time to get out of target date funds
Replies: 6
Views: 2573

Re: Time to get out of target date funds

I would say go all the way. Looks like you have good fund options and even if you keep NT a bit longer, at least it’s at a low cost.

But, given your desire to get to 20% Intl I think easier to just bust it all up (Roth included) and work toward the 3 fund mix, or something close.
by ShowMeTheER
Thu Feb 28, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is the Bonvoy Boundless card worth the $95 annual fee?
Replies: 20
Views: 1825

Re: Is the Bonvoy Boundless card worth the $95 annual fee?

Yes, worth it for the sign on points so you can pick up anywhere from a few up to eight or so nights depening on the style/demand of the Marriott property. Outside of the sign up though, you’d find better value with other cards for your $80K spend.
by ShowMeTheER
Mon Feb 11, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best uses of Chase Ultimate Rewards Points
Replies: 18
Views: 2473

Re: Best uses of Chase Ultimate Rewards Points

Worth noting that you can no longer book SW direct through UR points. Must transfer points to SW to utilize.
by ShowMeTheER
Sat Feb 09, 2019 5:11 pm
Forum: Personal Investments
Topic: I'm worried about my pension
Replies: 15
Views: 2727

Re: I'm worried about my pension

I'd encourage you - if you haven't already - to research the current cash flows of the plan. How much is being paid out in benefits per year versus the funding? Of that funding, how much is employees versus taxpayers? Of the taxpayer funding, what is the tax base that exists to fund this plan? This ...
by ShowMeTheER
Sat Feb 09, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer, are my ducks in a row?
Replies: 9
Views: 854

Re: First time home buyer, are my ducks in a row?

You're in great shape to buy at the range you listed. I might recommend to put down only 20% and retain the rest to beef up the emergency fund. Although the silver essentially gives you the same comfort.
by ShowMeTheER
Fri Feb 08, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Actuarial Valuation Reports for Dummies.
Replies: 8
Views: 806

Re: Pension Actuarial Valuation Reports for Dummies.

No, not foolish to expect to receive benefits. It would be extraordinary if you were ever impacted by receiving anything less than what you had accrued/earned. Watch KY for a blueprint of what will happen in really bad funding situations. They will probably set the pace but even they will figure it ...
by ShowMeTheER
Thu Feb 07, 2019 5:30 am
Forum: Personal Investments
Topic: Another mortgage payoff question
Replies: 34
Views: 2261

Re: Another mortgage payoff question

Split the difference. Sell the joint taxable and put that money (net of some holdings for taxes if needed) towards the mortgage. Then reevaluate in a year.
by ShowMeTheER
Thu Feb 07, 2019 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Put 2016 and 2017 tax data into 2018 H&R block SW to see the difference
Replies: 2
Views: 538

Re: Put 2016 and 2017 tax data into 2018 H&R block SW to see the difference

Didn’t put it into tax software but had run it through my own spreadsheet (and a separate, excellent version found online) a year ago when reform was passed... and yes it was significant. Although circumstances matter. We are MFJ, single income (W2), 24% bracket (in new world), multiple kids. SALT h...
by ShowMeTheER
Sun Feb 03, 2019 9:43 am
Forum: Personal Consumer Issues
Topic: Wanting to go to the Masters, questions and tips
Replies: 10
Views: 1063

Re: Wanting to go to the Masters, questions and tips

On pricing... my experience from about 5 years ago was that you don't find any relief as the tournament gets closer. One of the more brutal ticket pricing events I've dealt with. If price is a concern for you (which doesn't seem like it is a huge barrier based on the post), there are 1/2 day tickets...
by ShowMeTheER
Mon Jan 21, 2019 11:32 am
Forum: Personal Investments
Topic: Help with Calculation
Replies: 12
Views: 935

Re: Help with Calculation

~$1,000, give or take a bit, at 6%
by ShowMeTheER
Thu Jan 10, 2019 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Check My Math: Tax Benefits of Mortgage?
Replies: 8
Views: 1175

Re: Check My Math: Tax Benefits of Mortgage?

You are correct on your AGI mechanics. Tax reform has lessened the value proposition on home ownership for those hitting the SALT limits, especially, as compared to the prior law/regs. If I wasn’t a homeowners prior to it’s passage, I know it would have changed my decision... not necessarily on whet...
by ShowMeTheER
Wed Dec 05, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Highly Compensated Employees/Deferred Compensation Plans
Replies: 26
Views: 2659

Re: Highly Compensated Employees/Deferred Compensation Plans

Yes to both. Our Deferred Compensation Plan was great until the company was acquired - we had numerous low-cost investment options and once you left the company you had 10 years to draw down the monies (hopefully at a lower tax rate). The new company viewed it is a privilege for selected few and di...
by ShowMeTheER
Fri Nov 16, 2018 11:52 am
Forum: Personal Investments
Topic: Mortgage payoff given new 2018 tax code
Replies: 15
Views: 2044

Re: Mortgage payoff given new 2018 tax code

I'm in a somewhat similar boat. Generally, do whatever makes you sleep best at night. My suggestion would be to take advantage of your next 3 years until reset by just paying your monthly mortgage (given that your interest rate is very good). At that time, if you still have more than enough to pay i...
by ShowMeTheER
Fri Nov 16, 2018 5:43 am
Forum: Personal Investments
Topic: Retirement Portfolio Review - Advice needed
Replies: 9
Views: 1561

Re: Retirement Portfolio Review - Advice needed

Hi All, I have a follow up that I forgot to ask. My employer offers both a reg 401K and Roth 401K. Should I be contributing to both and if so any suggestions for the proper ratio? Thanks! In 22% bracket I'd suggest regular. If your taxable income pushes down to straddle the 12% bracket instead, the...
by ShowMeTheER
Tue Nov 13, 2018 12:51 pm
Forum: Personal Investments
Topic: Selling I Bonds/Buying New I Bonds?
Replies: 9
Views: 1469

Re: Sell old I-bonds to buy new ones?

If you can only hold/afford one set then I believe it makes sense over the long-haul to make the switch. If you can afford to also buy more in add'n to holding current, then of course that's a good way to go.

Yes, you'd have to pay taxes.
by ShowMeTheER
Mon Nov 12, 2018 5:43 am
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 4067

Re: State retirement pensions thoughts?

https://www.pbs.org/wgbh/frontline/film/the-pension-gamble/ Here’s a nice documentary on Kentucky’s pension woes. Looks like there is already a short term danger of not paying obligations and major budget cuts. It’s hard to believe how badly the pension fund was managed. If only they did a 3 funder...
by ShowMeTheER
Sat Nov 10, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 4067

Re: State retirement pensions thoughts?

Nobody can know for sure, but there is a near 0% chance anything drastic happens. Likely the benefits will get tweaked down a small bit going forward at some point, but they won't alter anything already earned under current formula. Even in really bad situations, the state plans will get bailed out....
by ShowMeTheER
Sun Oct 28, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 171
Views: 15495

Re: Am I doing well financially?

You're doing fine - just maybe try to spend only 1/2 that amount in food as a start.

You should be able to pile up some heavy savings numbers starting now. I'd think 80K+ is very possible at least. Run some numbers and see if that seems feasible.
by ShowMeTheER
Wed Oct 24, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Another HSA vs PPO w/ Expected baby in 2019
Replies: 10
Views: 1119

Re: Another HSA vs PPO w/ Expected baby in 2019

If you have FSA available you may want to factor in some tax savings to PPO as well for more appropriate compare
by ShowMeTheER
Wed Oct 24, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: PPO vs HDHCP and other considerations
Replies: 14
Views: 729

Re: PPO vs HDHCP and other considerations

Choose one the HDHPs and max out HSA at least for a year. It'll set you up well when baby shows up down the line. Hard to advise on which plan as you don't detail the premium cadence on her plan options ( weekly, monthly, etc ??) Are you inferring we should both be on one plan rather than each on o...
by ShowMeTheER
Wed Oct 24, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: PPO vs HDHCP and other considerations
Replies: 14
Views: 729

Re: PPO vs HDHCP and other considerations

Choose one the HDHPs and max out HSA at least for a year. It'll set you up well when baby shows up down the line. Hard to advise on which plan as you don't detail the premium cadence on her plan options ( weekly, monthly, etc ??) Are you inferring we should both be on one plan rather than each on o...
by ShowMeTheER
Wed Oct 24, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: PPO vs HDHCP and other considerations
Replies: 14
Views: 729

Re: PPO vs HDHCP and other considerations

Choose one the HDHPs and max out HSA at least for a year. It'll set you up well when baby shows up down the line. Hard to advise on which plan as you don't detail the premium cadence on her plan options ( weekly, monthly, etc ??)
by ShowMeTheER
Wed Oct 24, 2018 12:13 pm
Forum: Investing - Theory, News & General
Topic: 401(k) Provider Change - 25 days in cash?!
Replies: 29
Views: 2147

Re: 401(k) Provider Change - 25 days in cash?!

I am in charge of retirement plans at large-ish company. Upon a relatively recent change where we were moving from large record keeper to large record keeper, and where we had a mixed bag of in-kind transfer funds and sell/buy new situations, the blackout was about 2.5 weeks but the money remained i...
by ShowMeTheER
Sun Oct 21, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Help with Health Insurance for 2019 [PPO vs. HSA]
Replies: 14
Views: 1362

Re: Help with Health Insurance for 2019 [PPO vs. HSA]

You got it, generally. For a major health issue/spend, you'll win in the HSA. The fact that you have co-pays in PPO is a bit of a variable as your particular usage pattern could cut into your advantage if you use a specific mix (brand drugs are usually another culprit). On the whole though, I look a...
by ShowMeTheER
Sat Oct 20, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Health Insurance for 2019 [PPO vs. HSA]
Replies: 14
Views: 1362

Re: Help with Health Insurance for 2019 [PPO vs. HSA]

How much health care do you typically use? Given that you didn't mention anything about it initially, my assumption is that you're a light user and HSA is right for you. ShowMe - Thanks for your reply. I haven't used much lately (knock on wood), maybe a visit or two per year. I used to go to physic...
by ShowMeTheER
Sat Oct 20, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Health Insurance for 2019 [PPO vs. HSA]
Replies: 14
Views: 1362

Re: Help with Health Insurance for 2019 [PPO vs. HSA]

How much health care do you typically use? Given that you didn't mention anything about it initially, my assumption is that you're a light user and HSA is right for you.
by ShowMeTheER
Sat Oct 20, 2018 1:29 pm
Forum: Personal Investments
Topic: Are we really ready to take the plunge? Please check our portfolio before I jump!
Replies: 3
Views: 752

Re: Are we really ready to take the plunge? Please check our portfolio before I jump!

Sounds like you are in great shape. I wouldn't change a thing. Enjoy retirement!
by ShowMeTheER
Sat Oct 20, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Co-pay accumulators in new health plans
Replies: 35
Views: 3058

Re: Co-pay accumulators in new health plans

This has been discussed here in prior healthcare threads. I'm not sure how you'd search for them. Perhaps by searching for "co-pay assistance plans" as opposed to co-pay accumulators (a term I had never heard before reading your thread). Note that it's not the insurer that "pockets the money from t...
by ShowMeTheER
Mon Oct 15, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: PPO vs HDHP + HSA
Replies: 25
Views: 1916

Re: PPO vs HDHP + HSA

Xanadu wrote:
Mon Oct 15, 2018 3:55 pm
Also, family is healthy overall
Yes, HDHP is best choice for you all things considered.
by ShowMeTheER
Mon Oct 15, 2018 5:58 am
Forum: Personal Consumer Issues
Topic: How do you buy a mattress ?
Replies: 31
Views: 2725

Re: How do you buy a mattress ?

I don't think there is a proper way, just do whatever works for you. I have become comfortable with memory foam mattresses so I just order online and a compact box shows up on my doorstep. Talk about a time saver versus the traditional runaround and delivery coordination.
by ShowMeTheER
Sun Oct 14, 2018 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Company Pension: Single Life Annuity vs Accelerated Income option
Replies: 3
Views: 512

Re: Company Pension: Single Life Annuity vs Accelerated Income option

Hard to answer without knowing the rest of your financial picture, but the accelerated version sounds reasonable to me. Your break even will be sometime closer to age 75 and when considering that you'll have SS then too I don't think you'll miss the $100/mo. You probably won't even recall the amount...
by ShowMeTheER
Sat Oct 13, 2018 5:15 pm
Forum: Personal Investments
Topic: Invest in target date fund or do myself? Poor return Schwab Private Client
Replies: 23
Views: 2661

Re: Invest in target date fund or do myself? Poor return Schwab Private Client

VG2030 should be fine. At least for the moment. Get it out of Schwab and throw it in VG2030 and then change investments further when you feel comfortable to do so.
by ShowMeTheER
Mon Oct 08, 2018 8:29 am
Forum: Personal Investments
Topic: Planning to retire, but nervous about being ready.
Replies: 10
Views: 1530

Re: Planning to retire, but nervous about being ready.

Request a pension estimate and provide your QDRO to HR/Plan Admin/Actuary such that it is incorporated in the estimate. They can and should do this for you.
by ShowMeTheER
Sat Oct 06, 2018 4:56 am
Forum: Personal Investments
Topic: Lump Sum or Monthly Pension?
Replies: 11
Views: 1128

Re: Lump Sum or Monthly Pension?

Taking the annuity would put you on easy street with all living expenses (and more) covered by fixed monthly checks, when tacking on your SS benefits. Sure seems like a nice way to go into retirement when considering that you also have a nice cash portfolio to tap for fun money, the unexpected and s...
by ShowMeTheER
Fri Oct 05, 2018 5:12 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance: Is this a Qualifying Life Event (QLE)
Replies: 9
Views: 753

Re: Health Insurance: Is this a Qualifying Life Event (QLE)

I've never known of a plan where this wouldn't qualify for QLE. You should be fine.