Search found 768 matches

by chw
Thu May 21, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 85
Views: 5604

Re: Employer cut 403b contribution to zero

OP, I would do nothing. I suspect the 403b match will return in time- likely in 12-24 months. I went thru this at my employer during the Great Recession as well. Employers generally suspend the match to avoid wider layoffs in the organization. During the Great Recession it didn’t really shake my em...
by chw
Thu May 21, 2020 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 85
Views: 5604

Re: Employer cut 403b contribution to zero

OP, I would do nothing. I suspect the 403b match will return in time- likely in 12-24 months. I went thru this at my employer during the Great Recession as well. Employers generally suspend the match to avoid wider layoffs in the organization.
by chw
Sun May 17, 2020 7:16 am
Forum: Personal Consumer Issues
Topic: June vacation
Replies: 21
Views: 2288

Re: June vacation

Sounds risky to me. Lots of lower risk options to spend time with your grandkids between home and leaving the country. This is not a season to be taking gambles on travel, especially if you are over age 60 or so.
by chw
Sun May 10, 2020 8:48 am
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 224
Views: 13325

Re: Coronavirus Flight Cancel Thread

Booked a trip to Iceland thru Gate 1 Travel for 5/6. [...] 1) Anyone have luck getting a refund from Iceland Air for a cancelled flight? [...] Can't get anyone on the phone at Iceland Air, and past communication with them directed me back to the booking agent. It seems from reading EU DOT is requir...
by chw
Sat May 09, 2020 4:52 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13071

Re: Will "work from home" destroy the commercial real estate market?

Destroy is a strong word... I believe there is a good likelihood that there will be widespread foreclosures on buildings that were highly leveraged, given that collections losses will likely rise well above expected norms. This will be especially so in tertiary markets that were poorly located, with...
by chw
Sat May 02, 2020 7:50 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe..Four Investment lessons from Covid
Replies: 56
Views: 7961

Re: Larry Swedroe..Four Investment lessons from Covid

I find it interesting that Larry is no longer touting the crowd funding alternatives he recommended in recent years as “safe alternatives”. No mention of them in this article.
by chw
Sat May 02, 2020 7:34 am
Forum: Personal Investments
Topic: [Cashed out in panic, how to get back in?]
Replies: 35
Views: 3859

Re: [Cashed out in panic, how to get back in?]

Vanguard charge 0.3% a year for PAS so around 7k. I think you should just go with lifestrategy 40:60 or a target retirement fund and call it a day. +1. Unless you still feel a need for hand holding thru a market crisis. Don’t fret about the perfect international allocation, ther are many thoughts a...
by chw
Fri May 01, 2020 10:22 am
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 224
Views: 13325

Re: Coronavirus Flight Cancel Thread

Looking for suggestions on how to proceed with this situation... Booked a trip to Iceland thru Gate 1 Travel for 5/6. Gate 1 cancelled the trip in early April, and refunded the cost of the land only part of the trip (check is in the mail...), while issuing a future credit on Iceland Air since the fl...
by chw
Thu Apr 30, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Free Online MBA Worth It?
Replies: 22
Views: 1470

Re: Free Online MBA Worth It?

I’d consider it if I had the time to do it. The MBA will help you in ways you can’t see now with your job (which is why your company is willing to pay for it). The MBA will also open doors for you at your company, as well as for other professional opportunities that may not open as quickly sans MBA.
by chw
Thu Apr 30, 2020 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Is it always smart to buy points (mortgage)?
Replies: 46
Views: 4284

Re: Is it always smart to buy points (mortgage)?

Agree that it is simple math to calculate the break even point for points. I would submit however the average lifespan of a mortgage is just 3-4 years- they are refi’d for a lower rate, additional cash out, or paid off due to a move. No one knows the future (kind of like the stock market), so its a ...
by chw
Fri Apr 24, 2020 2:41 pm
Forum: Personal Investments
Topic: To REIT or not to REIT?
Replies: 28
Views: 2411

Re: To REIT or not to REIT?

I think your business like other businesses are assessing their leasing needs, and how they will need space in the future. I agree there seems to be significant headwinds for various if not all segments of Commercial Real Estate. If REITs are already a part of your allocation, I don't see any issue ...
by chw
Thu Apr 16, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 159
Views: 4484

Re: Long Term Care Insurance

While it may seem the OP can possibly self-insure for the “average” cost of a NH or AL facility for his area, I would submit that the actual costs for a “nice” facility will be substantially higher than expected- especially if some level of care is needed above the room rental. Just placed my parent...
by chw
Wed Apr 15, 2020 12:12 pm
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7431

Re: Retirees: what are you doing with all the home equity?

Depending on stage of retirement, an older retiree might use the home equity to contribute to the cost of Independent Living/Assisted Living,
by chw
Thu Apr 09, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Landlords in the Stimulus Bills?
Replies: 198
Views: 13403

Re: Help for Landlords in the Stimulus Bills?

Does your landlord insurance cover missed rent? That is a great question and something I had not thought of. Consulting my insurance policy it seems "loss of rents" only kicks in when the structure is unfit to live in. Usually rent loss insurance only kicks in if the building is impacted in some wa...
by chw
Wed Apr 08, 2020 7:25 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 717
Views: 103698

Re: Year 2000 retirees using the '4% rule' - Where are they now?

You allude to one of my biggest problems with physical RE: it's expensive and time-consuming to get geographic diversification. Having seen two generations in my -large!- family (+ various acquaintances) getting very involved in physical RE, I think you can actually simplify your statement: it's ex...
by chw
Mon Apr 06, 2020 7:22 am
Forum: Personal Consumer Issues
Topic: Cruise cancelled [take refund or future credit?]
Replies: 51
Views: 2682

Re: Cruise cancelled [take refund or future credit?]

In your situation I would take the refund. 125% of nothing is still nothing if they go bankrupt. I’m have a variation of this with Gate 1 Travel. They are offering a travel 100% credit or refund (refund option loses travel insurance fee) for land only- to be used within 18 months. However, the airfa...
by chw
Sun Apr 05, 2020 12:16 pm
Forum: Personal Investments
Topic: Easy Schwab question
Replies: 12
Views: 805

Re: Easy Schwab question

Cash needs to be in your Schwab account.
by chw
Fri Apr 03, 2020 3:58 pm
Forum: Personal Investments
Topic: Do you want to own the whole haystack [VTI] when someone has a blowtorch?
Replies: 125
Views: 9413

Re: Do you want to own the whole haystack when someone has a blowtorch?

You might be right about some of those stocks, but not able to consider some variable that could negatively impact other stocks you like. Some thoughts- 1) Say you're right about some of these stocks- do you plan to buy and hold forever, or do you have an exit strategy? 2) Seems like you have a lucr...
by chw
Thu Apr 02, 2020 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Forbearance
Replies: 18
Views: 1570

Re: Mortgage Forbearance

Worked most of my career as a mortgage banker... Unless you are truly in need of conserving cash, you are better served to just make your regular monthly mortgage payment as scheduled. The forbearance doesn't suspend the interest from accruing- it only delays when you pay it. Some of these arrangem...
by chw
Wed Apr 01, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Forbearance
Replies: 18
Views: 1570

Re: Mortgage Forbearance

Worked most of my career as a mortgage banker... Unless you are truly in need of conserving cash, you are better served to just make your regular monthly mortgage payment as scheduled. The forbearance doesn't suspend the interest from accruing- it only delays when you pay it. Some of these arrangeme...
by chw
Mon Mar 30, 2020 11:29 am
Forum: Investing - Theory, News & General
Topic: Who is buying I Bonds before May 1st?
Replies: 54
Views: 5513

Re: Who is buying I Bonds before May 1st?

I am, as part of my goal to fill 20% of my FI AA with IBonds (which is I mostly have). Bought 20K this month, and another 5K with tax refund. I usually buy in January, but waited a bit to see how things looked as we got closer to May this year- I could be wrong, but it seems evident the fixed rate c...
by chw
Mon Mar 23, 2020 12:09 pm
Forum: Investing - Theory, News & General
Topic: A Call For Compassion
Replies: 58
Views: 4646

Re: A Call For Compassion

If you find yourself replying in this way, I hope you'll think twice. Now is a time for compassion and looking out for one another. Very well said. Can't agree more. Hard to do though, so we should all pace ourselves. Agree Siamond. Thank you Siamond as well for the timely message you sent to the B...
by chw
Fri Mar 20, 2020 7:48 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 224
Views: 13325

Re: Coronavirus Flight Cancel Thread

Cancelled a domestic flight on American Airlines that was purchased with miles.

Cancelled on-line- emailed customer service about miles refund. Was emailed back 2 days later that miles will be fully refunded, as well as the service fees that were charged. Both have since been completed.
by chw
Fri Mar 20, 2020 11:45 am
Forum: Personal Investments
Topic: Lock loss or ride the wave with 15 years to go?
Replies: 62
Views: 4309

Re: Lock loss or ride the wave with 15 years to go?

Ride the wave, and re-balance per you IPS. Stay the Course.
by chw
Thu Mar 19, 2020 6:03 am
Forum: Personal Investments
Topic: Leave 403(b) untouched?
Replies: 11
Views: 529

Re: Leave 403(b) untouched?

Do not go to cash. I had several coworkers do this during the 2008-2009 crash. Several remarked they were still in cash several years later after the recovery, not knowing when to renter the market.
by chw
Sat Mar 14, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on working from home
Replies: 11
Views: 971

Re: Tips on working from home

i worked from home successfully for 12 years. For me, I set up a home office space that was away from the rest of the home so I could focus on the tasks at hand without distraction or interruption. If you live in a smallish apartment with only 2 people, and I think you said a dog, I would seek to pa...
by chw
Thu Mar 12, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: My Solution
Replies: 20
Views: 1248

Re: My Solution

Just a thought, instead of agonizing over the drop in your balances try just focusing on number of shares you own. Obviously if you didn't panic sell you own exactly the same number of shares as you did a month ago, and with new money and dividend reinvestment your gaining more shares at a lower pr...
by chw
Tue Mar 10, 2020 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2830

Re: Parent has ALS; Need Financial & General Advice

OP wrote: "....6. She has no debt and a portfolio (including an expected amount from the condo sale) of around $900k. So fortunately she has some assets to take care of herself. The goal for the whole family - and above that, for mom - is to figure out every possible avenue to protect what she can....
by chw
Sun Mar 08, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing when it's NOT your "forever" house
Replies: 29
Views: 2170

Re: Refinancing when it's NOT your "forever" house

I would definitively do a 7/1 ARM (30 year term) on a no point/no closing costs loan at the lowest rate possible. As get around the 5 year mark, look around to do it again at around the same rate. Did this during the last recession, and refi'd 5 times in 2 years down to a final rate of 2.5% (no poin...
by chw
Wed Mar 04, 2020 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Career change at 47
Replies: 116
Views: 11319

Re: Career change at 47

Long time general contractor (not a carpenter) here. Tired of dealing with employees, subcontractors, architects, designers, vendors and clients. Looking for an exit into another career. DW works, we have no children and with rental income I only require about $20k a year to live a good life, so no...
by chw
Thu Feb 06, 2020 8:13 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27378

Re: What is the best concert you ever witnessed?

Elton John at a Palm Desert private event (about 250 attendees). Awesome 2 hour show in hotel ballroom. Stood 15 feet from the piano man as he banged on the ivory.
by chw
Wed Jan 29, 2020 4:56 pm
Forum: Personal Consumer Issues
Topic: Considering an iPad. Is it worth it?
Replies: 116
Views: 6987

Re: Considering an iPad. Is it worth it?

Simply, yes! Though I’ve bought them cheaper by buying a generation or 2 older than the current one (pricing very reasonable). I’ve bought them certified pre-owned from Apple on Amazon with no issues. iPads are the only tablet I’ve owned, so no basis for comparison, though IMO I believe they are the...
by chw
Tue Jan 28, 2020 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter's Boston Job Offer
Replies: 115
Views: 9614

Re: Daughter's Boston Job Offer

I would say the salary is reasonable for a recent grad in Boston with that degree. The main intangible is that I believe the Boston area will be able to offer her advancement opportunities in her field at a faster pace (either at the new company, or others) than most other markets. I would not base ...
by chw
Tue Jan 28, 2020 4:19 pm
Forum: Personal Consumer Issues
Topic: Is it worth it to jump on the TurboTax bandwagon?
Replies: 36
Views: 2657

Re: Is it worth it to jump on the TurboTax bandwagon?

Been using TT for 12-15 years, after using H&R Block for 10 yrs or so. TT seems to be a better product for me, and have come to learn it’s uance over time. It has handled several complex situations for me over the years, and their phone support is generally good (I believe phone support is only avai...
by chw
Mon Jan 27, 2020 4:30 pm
Forum: Personal Consumer Issues
Topic: Tipping advice
Replies: 40
Views: 3387

Re: Tipping advice

If gonna tip, go with cold hard cash. :dollar :dollar :dollar
by chw
Fri Jan 24, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge $900 preferred rewards brokerage bonus
Replies: 14
Views: 1756

Re: Merrill Edge $900 preferred rewards brokerage bonus

There are a few long threads about this but I could not read a direct answer to my question so I thought I'd ask here. https://www.merrilledge.com/offers/900offer I have 200K of AGG (bond portion of my portfolio) available to transfer Merrill. It seems that if I use the promotion code 900ME at sign...
by chw
Fri Jan 24, 2020 1:49 pm
Forum: Personal Investments
Topic: tIRA rollover to 401k
Replies: 11
Views: 1096

Re: tIRA rollover to 401k

ThankYouJack wrote:
Fri Jan 24, 2020 1:34 pm
Does anyone know where you enter the explanatory statement using TaxAct? And how should the statement be worded?
Not sure one is needed. I filed with TT for a Tira to 401k direct rollover last year, and no statement was needed.
by chw
Wed Jan 22, 2020 8:57 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26564

Re: Sad news: LadyGeek's husband has passed

LadyGeek- I'm very sorry for your loss... Thank you for sharing your news, and how pre-planning made life easier (well at least the financial aspects) as your husband declined with his condition.

May your husband RIP.
by chw
Wed Jan 22, 2020 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???
Replies: 14
Views: 1246

Re: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???

However, have not paid taxes on the dividends for a few years (and won’t in the future, unless strategically do so due to Roth conversions). MAGI will be comfortably under the ACA cliff beginning in tax year 2021, until reach Medicare age. You DO pay for those dividends if you are planning to get A...
by chw
Wed Jan 22, 2020 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???
Replies: 14
Views: 1246

Re: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???

Might be worth switching those dividend paying taxable investments to something like Berkshire Hathaway (zero dividends) for a year or so. Only if you can do so without realizing much in the way of capital gains from selling the dividend paying investment. Capital gains will add to AGI, too. Would ...
by chw
Tue Jan 21, 2020 6:48 pm
Forum: Personal Consumer Issues
Topic: Chase Bank Bonus Issue
Replies: 25
Views: 2553

Re: Chase Bank Bonus Issue

02nz wrote:
Tue Jan 21, 2020 5:17 pm
You could try filing a CFPB complaint. Chase may choose to pay the bonus just to get the complaint resolved.
+1. This should do the trick...
by chw
Tue Jan 21, 2020 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???
Replies: 14
Views: 1246

Re: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???

Dividends should be multiplied by 10. Someone who has $50k of dividend income can afford to pay more than someone with $50k in W-2 income only. One person is a millionaire. :sharebeer Well, not quite at that level of dividends... As early retirees in our 60's we do pay very heavy premiums for insur...
by chw
Tue Jan 21, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???
Replies: 14
Views: 1246

Re: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???

Qualified Dividends and Long Term Capital Gains are included in your Adjusted Gross Income (AGI). Form 8962 handles the Premium Tax Credit. https://www.irs.gov/pub/irs-pdf/f8962.pdf Instructions for Form 8962 shows the calculation of MAGI (Line 2a) : https://www.irs.gov/pub/irs-pdf/i8962.pdf MAGI f...
by chw
Tue Jan 21, 2020 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???
Replies: 14
Views: 1246

Are Qualified Dividends included in the MAGI calculation for ACA subsidy???

DW and I have been on an ACA plan (unsubsidized) for about a year. Taxable wage income is slowly declining, and will be zero in 2021 as RSU income goes to zero that year. We are both retired- ages 61/63. In researching/modeling MAGI calculation for ACA subsidies for next year (2021), there does not ...
by chw
Mon Jan 20, 2020 12:59 pm
Forum: Personal Investments
Topic: How many months expenses held in cash in reirement
Replies: 46
Views: 2720

Re: How many months expenses held in cash in reirement

4 years of expenses held in cash, S-T Bonds, but only to the extent expected cash flows during this time period do not cover expenses. Rationale is that 4 years is generally the longest time period for markets to begin to recover from a recession when one occurs.
by chw
Sat Jan 18, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Life advice for recent graduate
Replies: 67
Views: 5024

Re: Life advice for recent graduate

Buy some good dress shoes for work, shine them on a regular basis, and use shoe trees. Looking good will never hurt your career. +1. While this may seem off beat- I had several bosses that formed perceptions (rightly or wrongly) based on the condition of shoes worn by colleagues. I can think of one...