Search found 1020 matches

by kaudrey
Fri Sep 06, 2019 9:46 am
Forum: Non-US Investing
Topic: Keep new house unoccupied or let sibling mind it rent free? [ex-pat in UAE]
Replies: 31
Views: 2669

Re: Keep new house unoccupied or let sibling mind it rent free?b

In my family it would be a no-brainer; I'd have my sibling live there. Sounds like a win-win. But, obviously, everyone's family is different. I agree that leaving it empty for so long would be troubling to me.
by kaudrey
Thu Sep 05, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: TSP Loan, Mortgage Pre-payment
Replies: 8
Views: 633

Re: TSP Loan, Mortgage Pre-payment

By doing this, you are missing out on growth potential of the money you take out of the TSP. I think it is a bad idea. If you have such a big emergency fund, why don't you just pay off the mortgage with that money, and then rebuild it over time with the money that was previously going to the mortgage?
by kaudrey
Thu Aug 22, 2019 12:48 pm
Forum: Personal Consumer Issues
Topic: Hotel recommendation for Cambridge / Boston
Replies: 53
Views: 2694

Re: Hotel recommendation for Cambridge / Boston

I'm partial to Kimptons. There is the Kimpton Marlowe hotel in Cambridge.
by kaudrey
Thu Aug 22, 2019 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Do you use a Payroll service for in house elder care?
Replies: 3
Views: 373

Re: Do you use a Payroll service for in house elder care?

RickBoglehead wrote:
Thu Aug 22, 2019 6:08 am
This person coming a max of 6 hours a week would not be an employee. As an independent contractor paid more than $600, you would need to issue a 1099, which is very simple.
+1

You are doing this, not hiring an employee. Completely above board.
by kaudrey
Mon Aug 19, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: How to define "HCOL" (high cost of living) areas?
Replies: 79
Views: 4753

Re: How to define "HCOL" (high cost of living) areas?

Not everyone buys real estate. Also look at prices to rent. Or just Google "highest cost of living cities". Lots of lists, and most of the lists overlap as far as the cities on them. Call the top 25% HCOL, and go from there.
by kaudrey
Tue Aug 13, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance Caveats?
Replies: 19
Views: 998

Re: Travel Insurance Caveats?

Also look at www.insuremytrip.com for quotes. We are using Travel Guard for our trip next May to the Galapagos. It is only the second time I am insuring a trip, and we are doing it for two reasons: 1) cost of the trip; and 2) mom's health. We have the "cancel for any reason" coverage. My mother went...
by kaudrey
Fri Aug 09, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, give me strength to resist a car purchase when I find myself way ahead of our financial goals
Replies: 61
Views: 4311

Re: Bogleheads, give me strength to resist a car purchase when I find myself way ahead of our financial goals

The other thing that struck me was "we've been doing this for 3 years". OK, for three years the market has been pretty good overall. In 2008, my portfolio fell by 31%. What happens in 2027 if your portfolio goes from $1.2M to $860K? The market will not always go up, and at some point, you'll have to...
by kaudrey
Thu Aug 01, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 15335

Re: Long-Term Care Decision

My mother has dementia and we just moved her to a nursing home about a month ago. It costs $11K a month. Are you OK with a big gap in how much you are potentially covering? And while it is true that most people don't need a nursing home for long periods, my mother's mother was in one for 14 years, a...
by kaudrey
Thu Aug 01, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Federal employees: FERS and voluntary separation?
Replies: 24
Views: 1946

Re: Federal employees: FERS and voluntary separation?

The difference also appears to be when you can collect your deferred pension. From OPM's website: You are eligible for a deferred annuity if you meet one of the following age and service requirements: -You have completed at least 5 years of creditable civilian service, then you are eligible for a de...
by kaudrey
Tue Jul 23, 2019 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Off Mortgage Question
Replies: 77
Views: 6689

Re: Paying Off Mortgage Question

We did this, and paid off the mortgage last year. Although we just invested according to our AA in our taxable brokerage account. We had 7 years left on a 20 year mortgage, and decided to pull the plug. It was partly because our AA was getting a little out of whack anyway, so we were planning to sel...
by kaudrey
Mon Jun 17, 2019 3:14 pm
Forum: Personal Consumer Issues
Topic: 40+% increase in auto policy (GEICO) - normal?
Replies: 74
Views: 5016

Re: 40+% increase in auto policy (GEICO) - normal?

I would stay away from Geico. I work insurance claims and the worst company to negotiate with is Geico. They are the epitome of "take premiums, don't pay claims". I pray to god you do not get hit and severely injured by an uninsured driver, you'll be in for a fight with your own company for your ow...
by kaudrey
Mon Jun 17, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Are you a member of nextdoor.com? Any concerns registering your info?
Replies: 71
Views: 6307

Re: Are you a member of nextdoor.com? Any concerns registering your info?

Yes, I am a member. We give out our names, addresses and phone numbers to a zillion websites, this is no different. Plus....anyone can google your address and phone number.
by kaudrey
Mon Jun 17, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Short-term money needs for Executor of Estate
Replies: 57
Views: 4228

Re: Short-term money needs for Executor of Estate

If you really want to make things easier on your daughters, clean out your basement!!! Dealing with the finances was easy compared to cleaning out my parents house. Its been about 10 years since they passed and my wife and I are consciously getting rid of stuff so we don't stick it on the kids. Thi...
by kaudrey
Thu Jun 06, 2019 3:21 pm
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4979

Re: Are we downsizing too much?

My in-laws in their mid 70s recently downsized to a 1,600, 3/2 on slab. The one issue was the yard is huge and mowing and snow removal was not included. No condo association. They are fretting about the yard and landscaping and mowing and sprinkling and it is stuff I wish (told them) to avoid at th...
by kaudrey
Thu Jun 06, 2019 1:56 pm
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4979

Re: Are we downsizing too much?

My in-laws in their mid 70s recently downsized to a 1,600, 3/2 on slab. The one issue was the yard is huge and mowing and snow removal was not included. No condo association. They are fretting about the yard and landscaping and mowing and sprinkling and it is stuff I wish (told them) to avoid at th...
by kaudrey
Wed Jun 05, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: Buying Burial Plot in advance
Replies: 53
Views: 3011

Re: Buying Burial Plot in advance

I wouldn't. What if you move somewhere far from where you are now? What will you do with the plots? My parents, who are in their 80s, want to be cremated, as does pretty much everyone else in my family. Scatter us on our favorite lake/mountain/ocean/whatever..... My grandparents are buried on Long I...
by kaudrey
Tue Jun 04, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 8475

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

as mentioned it wasn't a large sum and too by the time my grandmother died we all felt very fortunate she had ended up living with my dad for several years prior to her death which meant we all got to spend time with her. That was the best inheritance we could have wanted. Second situation is unfol...
by kaudrey
Thu May 23, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when you have enough?
Replies: 31
Views: 4184

Re: What to do when you have enough?

1. When do YOU have enough? 2. Do you think about leaving money behind? 3. Do you think about having some legacy tied to your money? 1) We have "enough" now, and my DH is retired and I still work (I am younger than he is). Enough to me is that we can cover our expenses for a very long time with enou...
by kaudrey
Thu May 23, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 5332

Re: I evaluated taking SS at age 62 versus age 70

First, those amounts are so small and not different enough to be statistically significant, so the assumption on which you are basing your conclusion is not valid. And the numbers will change any time you make a slight adjustment to any variable. FIRECALC shouldn't be used for this decision. Use a S...
by kaudrey
Wed May 22, 2019 3:21 pm
Forum: Personal Investments
Topic: Next step for old folks
Replies: 10
Views: 1947

Re: Next step for old folks

Assuming you sell the house and then have $3.125M in assets, a 4% withdrawal rate is $126K, or $10.5 a month. That's just from the portfolio - not counting pension and SS. And that would be if you need the portfolio to last for 30 years. At 84 and 75, that is unlikely. You can afford whatever place ...
by kaudrey
Wed May 22, 2019 3:14 pm
Forum: Personal Investments
Topic: Early Retirement Bridge Approach
Replies: 18
Views: 2907

Re: Early Retirement Bridge Approach

02nz wrote:
Tue May 21, 2019 5:51 pm
XtremeSki2001 wrote:
Tue May 21, 2019 3:13 pm
I can only pretend to know what my lifestyle will be at 55. I expect my spending to stay the same as it is today ... house/kids/college will be replaced with cruise/vacation home/hobbits.
What are you doing with hobbits? :D
I want a hobbit!!!!! :sharebeer
by kaudrey
Wed May 22, 2019 1:54 pm
Forum: Personal Investments
Topic: Federal Gov't Early Retirement?
Replies: 52
Views: 4719

Re: Federal Gov't Early Retirement?

If you retire before age 57, you lose FEHB health insurance forever. The exception would be if your agency happens to offer an early retirement buyout program (VERA), but I think those are few and far between. Since you already have 10 years of service, if you retire at 52 you would still be eligib...
by kaudrey
Wed May 22, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Question
Replies: 17
Views: 2433

Re: Retirement Question

The safe withdrawal rate is what you CAN withdraw, not what you should. Read up on the changes to the TSP regarding withdrawal options that are going into effect in September. You'll have more flexibility than setting it and forgetting it. If you don't need the money, leave it in there. Use it when ...
by kaudrey
Mon May 20, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 6211

Re: At what NW do I have disposable income?

I considered us to have "extra" money, which I think is similar to what you are calling "disposable" income, when my retirement spreadsheet showed that if I stopped saving money (outside of maxing my 401(k), which I would never stop), I would still have less than a 4% withdrawal rate when I retired ...
by kaudrey
Mon May 20, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: What can a $120K spending budget do in early retirement years?
Replies: 23
Views: 4507

Re: What can a $120K spending budget do in early retirement years?

Your total budget is very similar to my estimated retirement budget, and I live in Maryland, a somewhat HCOL area. My budget is broken down into many more categories than yours, but I have been tracking my expenses for many years now. Yes - exactly. That budget is very similar to our estimated reti...
by kaudrey
Mon May 20, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax return filed 4/3/19, still no refund received. How screwed am I?
Replies: 29
Views: 4238

Re: Tax return filed 4/3/19, still no refund received. How screwed am I?

I wouldn't worry - it took about 7 weeks for us to get our refund, which finally came last week. I think they are just slower this year than before.
by kaudrey
Mon May 20, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 14244

Re: Should I encourage my kids to work in high school/college?

I babysat when I was of age, and then when I could get a real job, I first worked in a bakery and then a grocery store. I didn't work during sports seasons (and I played fall and winter sports), and didn't take enough shifts to affect completing homework. I finished in the top 5% of my class. In col...
by kaudrey
Mon May 20, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 18968

Re: Very High Net Worth, elite private or “good” public

I'd do public until junior high or high school, then go private.
by kaudrey
Thu May 16, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Now or One More Year?
Replies: 40
Views: 4889

Re: Now or One More Year?

It looks like your fixed income will just about cover your costs, even if you retire now. If that is the case, then you have an $800K cushion to cover any shortfall.....I'd go now.
by kaudrey
Thu May 16, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads update their 401k contributions once they are able to max?
Replies: 19
Views: 1656

Re: How do Bogleheads update their 401k contributions once they are able to max?

Set it by $ amount instead of percentage - HR should be able to do that.
by kaudrey
Thu May 09, 2019 3:40 pm
Forum: Personal Investments
Topic: Lower risk is in my plan but I just can't!
Replies: 52
Views: 4433

Re: Lower risk is in my plan but I just can't!

Well, maybe we were able to do it because I read this.... "when higher risk choices have become manifestations of your self image", and just thought, WHAT????? The fact that I invest in low cost stock funds and have a AA of 60/40 (compared to about 90/10 before 2008), has nothing to do with how I th...
by kaudrey
Thu May 09, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Confidence in Amount Needed for Retirement: Which Tools/Models?
Replies: 7
Views: 829

Re: Confidence in Amount Needed for Retirement: Which Tools/Models?

I play with Firecalc and i-orp or firesim once in a while, but I've built my own fairly elaborate spreadsheet over the years and mostly now I just use that. It can do "what if" scenarios by changing variables and such. So, it works for me.
by kaudrey
Mon May 06, 2019 12:12 pm
Forum: Personal Consumer Issues
Topic: Bathroom Remodel - Looking for Advice
Replies: 56
Views: 4549

Re: Bathroom Remodel - Looking for Advice

I am also in northern VA - I redid my master bath in 2017. I used a remodeler, but bought the vanities/faucets/tub, mirrors, and lighting from Wayfair. They were fine with me ordering these things and then installing them for me. They also did the tiling and a full glass/no frame door. I LOVE how it...
by kaudrey
Mon May 06, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle [digital payment system]
Replies: 23
Views: 2915

Re: Zelle

Yes, I use it monthly to pay someone - it's easy and secure. No issues.
by kaudrey
Mon May 06, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Remind me why we have Medicare supplement
Replies: 26
Views: 4097

Re: Remind me why we have Medicare supplement

Yes, Medigap (or medicare supplement) policies will be very helpful if you have a long, drawn out hospital stay. For example, Medicare Part A pays up to 60 days hospitalization (after a deductible). If you are in the hospital longer than 60 days, you begin paying an expensive daily copay for your ho...
by kaudrey
Mon Apr 29, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best use of Chase Sapphire Preferred points?
Replies: 27
Views: 2978

Re: Best use of Chase Sapphire Preferred points?

If you buy your tickets through the Chase website, the points are worth 1.5 cents each instead of 1. So, you get a 50% bonus....
by kaudrey
Wed Apr 24, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Estimated Tax Checks & Insufficient Funds
Replies: 15
Views: 791

Re: Quarterly Estimated Tax Checks & Insufficient Funds

The best option would be to pay online with your bank - so it is immediate and you can't forget about it. Why are you still sending paper checks?
by kaudrey
Wed Apr 24, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: House renovation
Replies: 14
Views: 964

Re: House renovation

I'd look for a HELOC.
by kaudrey
Tue Apr 16, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Executor of Will - Selling House in Poor Condition
Replies: 84
Views: 6862

Re: Executor of Will - Selling House in Poor Condition

Your spouse needs to read up on how to handle an estate.

Commingling funds is a TERRIBLE idea for so many reasons. The estate must be kept separate in all ways financial.
by kaudrey
Mon Apr 15, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: When should i invest in my taxable account?
Replies: 6
Views: 992

Re: When should i inevest in my taxable account?

Direct deposits of paycheck goes to checking account. Every payday, automatic transfer of set amount to money market account. Once a month, automatic transfer of set amount to brokerage account. If my bills exceed what is in my checking account, I just transfer some money back from my money market a...
by kaudrey
Wed Apr 10, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 10246

Re: How do 40 year olds decide what they can afford?

Well, instead of focusing on your desire to buy "things", I'll answer your broader question. We decide the same way we always did - 1) are we meeting our savings goals? If yes, then 2) will this give us long-term enjoyment? if yes, fine. If not, nope. It doesn't matter if it is a gadget or toy or a ...
by kaudrey
Wed Apr 10, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Typical financial milestones before purchasing second/vacation home?
Replies: 15
Views: 1050

Re: Typical financial milestones before purchasing second/vacation home?

Our cabin in the woods was a lot smaller of an investment financially, although probably on the same scale if we compare incomes. But, our situation was very different than yours. We bought the cabin when our financial projections were such that we would be on target to reach our retirement goals ev...
by kaudrey
Tue Apr 09, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction vs Itemizing - Experience this year
Replies: 52
Views: 5612

Re: Standard Deduction vs Itemizing - Experience this year

On a net basis, we were negatively affected. Without a mortgage, our itemized deductions were only about $12-14K (I forget now). So, standard deduction of $24K. However, in VA, if you take the fed standard, you have to take the VA standard, which is only $6K. So, we owed more in VA tax than we were ...
by kaudrey
Fri Apr 05, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to incorporate Long Term Care as part of retirement savings
Replies: 7
Views: 698

Re: How to incorporate Long Term Care as part of retirement savings

Either LTC insurance, or you could also get another term policy at some point - so the first will expire when you are 60 but the second will be until you are 70 or 80. My DH, who is 62, has a policy that goes until he is 75, and he did that because I am 12 years younger and wants to make sure I'll b...
by kaudrey
Wed Apr 03, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Q to ppl who use spreadsheet for personal finance
Replies: 64
Views: 5651

Re: Q to ppl who use spreadsheet for personal finance

Yes, I use Excel. Like others, over the years the sheets have gotten more detailed and I add things all of the time. 1. Yes, I have a snapshot of all account A/L balances - I update this monthly. 2. I only keep track of large expense categories (house, medical, travel, taxes, entertainment, capital ...
by kaudrey
Thu Mar 28, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is our household budget crazy?
Replies: 141
Views: 12812

Re: Is our household budget crazy?

Stop eating lunch out every day - that's just wasting money.

And use the library - it is a great resource, especially with kids.

I like buying books too - but I buy them in bulk at library book sales. I get bags of books for $20 a few times a year....
by kaudrey
Thu Mar 21, 2019 3:44 pm
Forum: Personal Investments
Topic: Role of Pensions and Social Security in Asset Allocation
Replies: 147
Views: 7384

Re: Role of Pensions and Social Security in Asset Allocation

In my retirement projections spreadsheet, I plot my expenses, and then, as we plan to start taking them, reduce the expenses by our pensions and SS. The net result of this is the amount we need to cover from investments, which results in a much lower withdrawal rate as we get older. I do not do a NP...
by kaudrey
Mon Mar 18, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know if you are on track financially?
Replies: 19
Views: 2638

Re: How do you know if you are on track financially?

As you say, there are lots of potential answers. General guidelines if you plan to retire around age 65, would be to save 10-15% of your income (15% would be better, obviously). Others give guidelines as to how much you should have saved by different ages. For example: •At age 35, you should have sa...