Search found 89 matches

by jojay
Sat Jul 08, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Last 80 minutes of my career
Replies: 64
Views: 10375

Re: Last 80 minutes of my career

Bikechuck,
Congratulations.
You are going to love Sundays.
by jojay
Tue Jun 20, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Stamp Value
Replies: 6
Views: 783

Stamp Value

I was recently given several large books of postage stamps by a family member for helping clean out a house. There are literally thousands of stamps in these books representing a variety of US and international types. I have absolutely no knowledge of stamps, have no emotional attachment to them and...
by jojay
Sun Feb 26, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make a big mistake here? [Tax on Roth distribution]
Replies: 2
Views: 494

Did I make a big mistake here? [Tax on Roth distribution]

In 2016, during which I was aged 60, I converted $26k from a Traditional to roth IRA. At the time, I paid $2600 in federal income tax as I was assuming we was going to be well under 15% tax bracket. Then later on in the year, I had $8k of the $26k sent to me in the form of a distribution. In other w...
by jojay
Sat Feb 04, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Schwab "Consultants" Vs. Vanguard PAS
Replies: 9
Views: 1246

Re: Schwab "Consultants" Vs. Vanguard PAS

Like chw, I'd endorse the Schwab counselor. I have experienced everything chw has but have also sat down with the the consultant several times. I too recently received my personal report and it was extremely detailed specifically for my wife and I. We have about 2/3 of our retirement portfolio with ...
by jojay
Wed Dec 21, 2016 5:21 pm
Forum: Personal Consumer Issues
Topic: what to do with a giant popcorn container
Replies: 19
Views: 1703

Re: what to do with a giant popcorn container

Hi, A couple of more options? I use them for: 1. I fill it with sand fr use on the driveway when it ices up. 2. This is not an ash bin container but when our outside in ground firepit fire dies down, I use the bins to hold the ahses. 3. We had to ship a fragile item once and used the bin as an inter...
by jojay
Fri Dec 09, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on getting out [of job]
Replies: 42
Views: 7376

Re: Thoughts on getting out [of job]

Hi, I am the OP of this now old post and thought it might be worthwhile to file an update. The purpose of this update is not to bring you up to speed, but more to let others who may be struggling from similar circumstances aware of some of the decisions we made and what resulted. One of the more pro...
by jojay
Thu Dec 08, 2016 6:59 pm
Forum: Investing - Theory, News & General
Topic: "5 Ways You’re Sabotaging Your Retirement"
Replies: 6
Views: 2953

Re: "5 Ways You’re Sabotaging Your Retirement"

Hi, Every year, I visit my Schwab folks where I have most of my retirement savings. The visit is free and I use the time to ensure I'm knowledgeable about my understanding of the laws, tax changes, etc. No advertisement here but they have always been great to bounce things off of. Last week was my 2...
by jojay
Sun Nov 27, 2016 12:12 pm
Forum: Personal Consumer Issues
Topic: Take the money or hold out?
Replies: 18
Views: 2933

Re: Take the money or hold out?

I'd sell. You appear to be in an emotional constraint more than a financial one. You're talking at most $2k. You are already getting a better deal than you could have otherwise received. Think of it like a stock - you're making money on the deal. Do you really want to risk losing the offer in order ...
by jojay
Wed Jun 01, 2016 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Condo for daughter - treat as investment property?
Replies: 10
Views: 1362

Re: Condo for daughter - treat as investment property?

WHY did you originally buy the property as 3 co-owners? WHY do you now want to buy?? her out and charge rent? Are you trying to take advantage of tax breaks or help your daughter own stable housing? Your motives may be contradictory here. What were your wife's motives and your daughter's? To all, t...
by jojay
Tue May 31, 2016 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Condo for daughter - treat as investment property?
Replies: 10
Views: 1362

Condo for daughter - treat as investment property?

First, thanks to everyone who has posted in the past. Every day I log on, I learn something new. In August, 2015, I bought a condo for my oldest daughter. The condo had just come on the market and we had to pay cash. It was a terrific deal. The property has hoa fees of $360 per month and taxes at ro...
by jojay
Wed May 25, 2016 10:15 am
Forum: Investing - Theory, News & General
Topic: Can I just let my money compound now?
Replies: 51
Views: 6991

Re: Can I just let my money compound now?

So, as you've heard by now, the answer is no. But, you also deserve congratulations. $100k is a terrific start to someone at 25 years of age especially when you consider the national averages, etc. Do the math. If you have $100k now and can continue to save on a similar pattern, you'll be extremely ...
by jojay
Wed Feb 18, 2015 7:00 pm
Forum: Personal Consumer Issues
Topic: Inexpensive golf in orlando / kissimmee
Replies: 3
Views: 498

Re: Inexpensive golf in orlando / kissimmee

Thanks. I have been quoted as low as $12 for a round with a cart. I've played the course before and it's okay- not Pebble Beach but I'm not a Pebble Beach player either. I cannot book online yet but rates are being quoted for play this week and there are options for very little money. I'll go to gol...
by jojay
Mon Feb 16, 2015 7:28 pm
Forum: Personal Consumer Issues
Topic: Inexpensive golf in orlando / kissimmee
Replies: 3
Views: 498

Inexpensive golf in orlando / kissimmee

Hi, My wife and I are planning a few weeks of vacation in the Orlando / Kissimmee area in March and we are looking for inexpensive golf in the area. Some courses seem to be very expensive while there are others where you can play for less than $25. We are looking for places in the $25 or less range....
by jojay
Sat Feb 14, 2015 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Private School Financial Aid Question
Replies: 17
Views: 2142

Re: Private School Financial Aid Question

After completing the "Personal Financial Statement (PFS)" and realizing that we weren't going to qualify for need based aid, we didn't send in our tax returns and W-2s. Should we have sent them in? How do you apply for merit based aid? As odd as it sounds, you should file your w2s. If not...
by jojay
Sat Feb 14, 2015 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Private School Financial Aid Question
Replies: 17
Views: 2142

Re: Private School Financial Aid Question

No. We did not require them to pay for high school. they are required to pay for some of their college. The $10k refers to college.
by jojay
Mon Feb 09, 2015 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Private School Financial Aid Question
Replies: 17
Views: 2142

Re: Private School Financial Aid Question

Just some recent history. The price tag of a year in college is like the MSRP of a car. Rarely does anyone pay that amount. There are primarily two types of aid provided to students; need and merit. There is a whole other range of financial aid offered to you in the forms of loans etc. Need is based...
by jojay
Wed Feb 04, 2015 6:10 pm
Forum: Investing - Theory, News & General
Topic: Milestone >$100k in my retirement investment portfolio
Replies: 30
Views: 4170

Re: Milestone >$100k in my retirement investment portfolio

Physicsgal, Congratulations. You did a great job over the last 4 years. As others have mentioned, soon your interest will be generating $100k per year. ( Well, not soon but it will happen). The last 4 years have been banner times so I'm glad you got in when it started. Make sure you set realistic go...
by jojay
Sun Jan 25, 2015 8:10 pm
Forum: Personal Consumer Issues
Topic: 400ft Driveway - How do I plow the snow?
Replies: 67
Views: 20857

Re: 400ft Driveway - How do I plow the snow?

Hi, This is just my perspective. Looking forward to the 2 feet coming this Tuesday? On top of the mere 6 inches we just got? Using plows in the past has eaten up our grass, taken out several irrigation sprinklers and chewed up sections of the driveway. I hate paying $60 for about an hour's worth of ...
by jojay
Tue Jan 06, 2015 8:34 pm
Forum: Personal Consumer Issues
Topic: Would you pay for this level of (bad) service?
Replies: 26
Views: 3502

Re: Would you pay for this level of (bad) service?

I kind of agree with MathWizard on this. The establishment is not a worthy place with which to do business. I would definitely not give them any more opportunities to get their hands on my money. They riped you off and could care less. You have little recourse. There is no guarantee that giving the ...
by jojay
Wed Dec 31, 2014 4:46 pm
Forum: Personal Consumer Issues
Topic: How Much Do You Sacrifice?
Replies: 82
Views: 7957

Re: How Much Do You Sacrifice?

OP When I was younger and could not afford just about anything, I scrimped like a champion. My parents were traumatized by the depression and scrimping was like breathing. My wife is a working class child who was taught the value of a dollar. We put a long term plan together. As the kids came along,...
by jojay
Wed Dec 31, 2014 4:25 pm
Forum: Personal Consumer Issues
Topic: Post your 2015 New Year's Resolutions ITT
Replies: 38
Views: 4764

Re: Post your 2015 New Year's Resolutions ITT

1. Reshape my approach to life in an attempt to be happy more frequently. 2. Find a new passion. Need to find "what to retire to". Could afford to go tomorrow but do not have anything to do. Only 59 yo. 3. Worry less. I have little to worry about but worry nonstop nonetheless. 4. Definitel...
by jojay
Sat Nov 29, 2014 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Reached a minor financial milestone this month
Replies: 28
Views: 5729

Re: Reached a minor financial milestone this month

Definitely - congratulations!! What you might consider minor is twice what some people twice your age have saved!!!

I wish I had $350k when I was 31. I also wish I was 31.
Seriously, take a bow. You deserve it.
by jojay
Sun Nov 16, 2014 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: HOA resurrection
Replies: 35
Views: 7227

Re: Hoa resurrection

Mandatory? Says who? It does not sound like a legally binding entity to begin with. I am involved in my neighborhood HOA. It was a requirement when we built the house in 1994. For $150 per year, we get our money's worth with regard to common grounds maintenance, etc. If it is $100 per year, so be it...
by jojay
Sun Nov 16, 2014 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I close this credit card?
Replies: 10
Views: 1545

Re: Should I close this credit card?

Closed it? Good. Not worth the hassle.

You can get a new credit card in 5 minutes. Three of them if you want. Use them correctly and you'll "make" money. I'd get a different bank / management institution though.
by jojay
Sun Nov 16, 2014 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding When to Retire
Replies: 47
Views: 7423

Re: Deciding When to Retire

Hi, I had posted a quasi-similar question a couple of months ago and our boglehead friends gave me some great advice. Briefly, this is what I netted out of all of the replies: 1. You have done a terrific job saving. Not sure what your lifestyle is like but I would worry less about it than you think ...
by jojay
Wed Nov 05, 2014 5:52 pm
Forum: Investing - Theory, News & General
Topic: Should I stop tracking past performance?
Replies: 36
Views: 2936

Re: Should I stop tracking past performance?

Like most, I do not obsess over it. I have the history of our "plan" going back nearly 30 years - installed a lot of the history from paper records. Why bother? I use it to show my growing into adulthood children the concepts to which we all subscribe. I also like to look back and congratu...
by jojay
Sat Nov 01, 2014 9:58 am
Forum: Personal Consumer Issues
Topic: Coupons? Do you live by them?
Replies: 66
Views: 5775

Re: Coupons? Do you live by them?

We used to use the traditional coupons all the time. Newspaper coupons, multiplied by matching prices and or double coupon values, etc. As a young family, saving $11 each week was absolutely necessary. Now, not so much. The value of the traditional coupons just does not seem to have as much impact. ...
by jojay
Fri Oct 31, 2014 4:26 pm
Forum: Investing - Theory, News & General
Topic: Checking monthly - may not even notice the October "crash"
Replies: 51
Views: 5574

Re: Checking monthly - may not even notice the October "cras

You can look at your spreadsheets as much as you want - I look at mine all the time. It's what you do in response to looking at them that counts. A lot of folks have contributed valuable inputs relative to RMD, taking losses, tax benefits etc. I am not in any of those situations other than actively ...
by jojay
Sun Oct 19, 2014 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 16406

Re: "I've had it" at work - how often

Hi, I recently asked a similar question in a different post. Work is simply unbearable and at 59, I can afford to quit and not work again. I'd need something to do and am not yet prepared to not work. Although we can live well without me working, if I can do something for a few years, we'll be in ab...
by jojay
Wed Oct 15, 2014 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on getting out [of job]
Replies: 42
Views: 7376

Re: Thoughts on getting out [of job]

All, Thank you VERY much for the information, insight and alternatives. Some topic points: 1. The Heloc is not needed, simply available IF needed. We have emergency money put aside. The heloc would be an extra emergency. The primary resaon for applying now is that I would not qualify if I quit. My w...
by jojay
Sun Oct 12, 2014 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on getting out [of job]
Replies: 42
Views: 7376

Thoughts on getting out [of job]

[This post from 2014 has been updated by the OP below in this post - moderator prudent] All, I'd appreciate hearing from you on the following. I am unsure if I'm looking for you to reinforce my plan of shoot holes in it. Both are welcome. At 59, I absolutely hate my job. I am fraught with anxiety a...
by jojay
Mon Aug 25, 2014 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: How I look at $ in the real world vs my retirement accounts
Replies: 50
Views: 8294

Re: How I look at $ in the real world vs my retirement accou

Hi, Right now, your retirement money is not "real" - it's only paper. Would you feel richer if it said $504 instead? You do pose an interesting question though about looking at it while in retirement. For a different perspective, $4 lost to me while I am working is not a big deal because I...
by jojay
Mon Aug 25, 2014 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Death of family member - what to do financially
Replies: 26
Views: 3797

Death of family member - what to do financially

My sister in law ( my wife's sister ) recently passed away at age 61. Her husband is completely overwrought and is having trouble just getting by each day. We are trying to help from the Northeast but his living in Virginia presents a lot of logistical challenges. Gathering all of the financial docu...
by jojay
Sat Jun 14, 2014 8:20 pm
Forum: Local Chapters and Bogleheads Community
Topic: Boston or south Boston chapter
Replies: 96
Views: 7238

Re: Boston or south Boston chapter

Would prefer lunch on either date but will go with whatever is best for all.
Thanks very much for coordinating.
by jojay
Tue Jun 10, 2014 5:33 pm
Forum: Local Chapters and Bogleheads Community
Topic: Boston or south Boston chapter
Replies: 96
Views: 7238

Re: Boston or south Boston chapter

Burlington is perfect.
by jojay
Sat Jun 07, 2014 6:30 am
Forum: Personal Consumer Issues
Topic: Mistake: extra dirt
Replies: 24
Views: 2724

Re: Mistake: extra dirt

Your post portrays that you are a good person with a conscience, good for you. It was not your mistake but I know how you feel. The soil can't be worth more than $70. The nursery's cost is likely $40. They can handle the loss. To help assuage your feelings, consider going to that nursery again to bu...
by jojay
Sat Jun 07, 2014 6:21 am
Forum: Local Chapters and Bogleheads Community
Topic: Boston or south Boston chapter
Replies: 96
Views: 7238

Re: Boston or south Boston chapter

I'm in Salem, NH. Getting direct face to face information would be great
by jojay
Fri Jun 06, 2014 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Teaching Personal Finance next year... what to include?
Replies: 51
Views: 3927

Re: Teaching Personal Finance next year... what to include?

I taught PF for several years. The textbooks are fine and Ramsey's process will work. It is easier to teach adults who have experienced life versus young people. Your audience age may direct you on what to focus. Stress the need to develop a budget and to set and then plan for short, medium and long...
by jojay
Mon Apr 28, 2014 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Raytheon Stock [Advice]
Replies: 14
Views: 3474

Re: Raytheon Stock [Advice]

Hi I'm not a fan of individual stock ownership having made a lot of money only to be so greedy that I lost it all again. But, Raytheon is an excellent investment from a long term portfolio perspective ( How ironic that they recently dropped 4% ). I work for a competitor and am fully aware of their m...
by jojay
Fri Apr 25, 2014 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Am I stupid if I use my Roth IRA for a home downpayment?
Replies: 28
Views: 4076

Re: Am I stupid if I use my Roth IRA for a home downpayment?

Hi Congratulations on the baby! My wife and I were in a similar situation decades ago although we had saved religiously. We spent what others would consider a lot of money on what others might consider to be frivolous things. It was our money and our business but then things changed. So, from experi...
by jojay
Tue Apr 08, 2014 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 52
Views: 7260

Re: Do I take the separation package offer?

Go, go, go. It's funny how we have a plan and then when we have an opportunity to enact that plan a different way, we challenge the original plan. Your plan was to go happily in another year. If you figure that you have 20 years of life left, they just gave you 5% of the rest of your life. If you we...
by jojay
Sun Apr 06, 2014 7:29 am
Forum: Personal Consumer Issues
Topic: Frugal Fatigue
Replies: 96
Views: 13184

Re: Frugal Fatigue

It sounds like you might be young ( just about everyone is relative to me ) so perhaps a 60 year old can provide some perspective. Having had to roll pennies to buy baloney when I was in my late teens has stuck with me all my life. My wife and I have made a good income over the years, live fine and ...
by jojay
Sat Apr 05, 2014 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your "number" for retirement
Replies: 51
Views: 4775

Re: How did you determine your "number" for retirement

I can honestly say I have looked at this from every angle known and have the spreadsheets to prove it. Here's our process. The following is not infallible the way it is written ( my wife won't need the same amount after I die, for example ) and there are a lot of minor details purposely missing to m...
by jojay
Wed Apr 02, 2014 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 15131

Re: Laid off today... TODO list?

Sorry, some more. If you need it, any chance you can get a medical check up done before you leave? Any dental work you need done? Get them taken care of now while you are still covered. Do you lose life insurance coverage? If you need it, you'll need to consider replacing it. Insidious things we los...
by jojay
Mon Mar 17, 2014 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum option
Replies: 8
Views: 1099

Re: Lump sum option

All, Thank you very much for the input. I presumed 8% as an investment return - very arbitrary. The $480 per month is 100% me - I did not include the 50% and 7%5 options I had not thought about the annuity purchase thought - thanks for that. You gave me what I needed very simply and specifically. I ...
by jojay
Sat Mar 15, 2014 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum option
Replies: 8
Views: 1099

Lump sum option

Hello all, I'd like your input on the following option currently in front of me. I am 58 and plan on retiring when I am 62. Our goal is an income of $100k from all options including 401k, social security, pensions, savings and other. We are on schedule for that amount. I have an option to take one o...
by jojay
Sun Mar 02, 2014 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How Much of Tax Refund Do You Save/Spend..??
Replies: 68
Views: 3925

Re: How Much of Tax Refund Do You Save/Spend..??

We have 3 kids in college.
Guess where the refund is going.
by jojay
Sun Apr 28, 2013 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Take Soc Security early or not?
Replies: 27
Views: 3771

Re: Take Soc Security early or not?

Hi, These decisions are personal while also including a component of financial knowledge. Against many bogleheads' advice, I endorse taking the ss early. For many, the payback period for taking early versus taking at FRA is usually around 78 years of age or so.Up until then, you are ahead of the SS ...
by jojay
Sat Apr 13, 2013 7:11 am
Forum: Investing - Help with Personal Investments
Topic: Time to celebrate? One goal met.
Replies: 48
Views: 5891

Re: Time to celebrate? One goal met.

Congratulations. Aside from the money, you must feel a great sense of personal accomplishment. Good for you. Celebrate? Do it boglehead style by spending slightly more for an upgrade of something you already do. A great restaurant versus a good one? What is that one thing you always wanted? Just kee...