Search found 1177 matches

by Tamarind
Tue Jul 31, 2018 6:26 am
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 6191

Re: Financial upside / downside of marriage vs cohabiting

Financial benefits are in taxes and SS mostly, but there's also an "efficiency bonus" from not having to do things separately. I was engaged for 4 years before marrying (cohabiting for an additional 1.5 before that....We both like to take our time making important decisions...) and although it wasn'...
by Tamarind
Tue Jul 31, 2018 5:00 am
Forum: Investing - Help with Personal Investments
Topic: Need Help with Mom’s Retirement Income
Replies: 34
Views: 3931

Re: Need Help with Mom’s Retirement Income

Thanks for coming back, OP. I'll post again when I'm more awake with an example of how you can arrange these holdings for simplicity. Others are bound to have good advice on drawing from taxable vs the IRA (seems like since the RMDs are smaller than your needs, there's no particular incentive to do ...
by Tamarind
Mon Jul 30, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 12941

Re: Joint Ownership of home with second wife

Originally had considered a marriage as equals, despite the disparities, but the sig other has made it clear that she has distaste for inheritances due to experience with and perception of siblings not making good use of inheritance (I don't agree with her 100%). I have an entirely different experi...
by Tamarind
Mon Jul 30, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 15134

Re: Net worth of $3.7M at age 47 - can we retire?

Congrats on your savings. If you can dial down the lifestyle, you can retire today - it's your choice to make. (If I were you I'd have retired about $1M ago :twisted: ) Can you imagine what life might be like for you and family if you could only spend $100k per year? Because if you could knock $50k ...
by Tamarind
Mon Jul 30, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 12941

Re: Joint Ownership of home with second wife

The good news is you both agree that fully joint ownership isn't right for you. You should go through the prenup process now, (not just a boilerplate text). Consider picking up the NOLO book to serve as a guide for your conversations. Start by spending time to agree on what is important to each of y...
by Tamarind
Mon Jul 30, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: First-timer shopping for mortgage, compressed timeline w/ odd job situation
Replies: 13
Views: 1477

Re: First-timer shopping for mortgage, compressed timeline w/ odd job situation

This is not what you asked for but one of your options is to back out of the contract and rent when you initially move there. Then you can make a home purchase with a time frame that works. I can't help with 1) and 3), but for #2, you probably don't want to apply for multiple loans at once. Each pin...
by Tamarind
Mon Jul 30, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: What Should I Do About A Dying Friend's Assets?
Replies: 62
Views: 5609

Re: What Should I Do About A Dying Friend's Assets?

If the sister does not have a will, when she dies her assets will either go to the estranged brother or, if he predeceases her, to any distant family (cousins?) or if none such exist to New York State. If she cannot speak or write anymore, it may be too late for her to make a will. Dear OP, sorry fo...
by Tamarind
Mon Jul 30, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Hurricane Impact Windows Full House
Replies: 10
Views: 588

Re: Hurricane Impact Windows Full House

If you need these and can pay cash, then pay cash. No reason to finance as it is not an investment or an emergency.
by Tamarind
Mon Jul 30, 2018 6:19 am
Forum: Personal Consumer Issues
Topic: Any problems with freezer "drawer" models
Replies: 40
Views: 3008

Re: Any problems with freezer "drawer" models

I have a tiny counter-depth fridge by LG with a bottom freezer. It's a different design in that the freezer has a separate door, with plastic drawers inside that pull out. No issues with reliability of the drawers.
by Tamarind
Mon Jul 30, 2018 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Need Help with Mom’s Retirement Income
Replies: 34
Views: 3931

Re: Need Help with Mom’s Retirement Income

When we converted her account is when we realized that she never had a Roth IRA account. :oops: Is it too late now? You cannot contribute to a ROTH IRA if you don't have earned income unless you are married to a spouse that has earned income. [...] 2. Her current tax bracket is 12%. Would it make s...
by Tamarind
Mon Jul 30, 2018 5:50 am
Forum: Investing - Help with Personal Investments
Topic: Need Help with Mom’s Retirement Income
Replies: 34
Views: 3931

Re: Need Help with Mom’s Retirement Income

Welcome to the forum! Don't panic. You do not need to make this portfolio throw off $2150 in income by picking investments. You can use a total return strategy. Assuming 4% withdrawal rate (which I think is reasonable for 70), you'd need $625,000 to achieve the income you want sustainably. It would ...
by Tamarind
Fri Jul 27, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 3823

Re: Decision for Stay at Home Wife?

Financially, there are really two issues here, and you--as well as most couples--only look at one of them. (Not that the analysis below is purely financial, you have to decide if the non-financial benefits and costs are worth it.) The $600/month more-or-less a cash-flow analysis. "This is how my mo...
by Tamarind
Fri Jul 27, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Using Recruiters/Headhunters to find a new job?
Replies: 27
Views: 1062

Re: Using Recruiters/Headhunters to find a new job?

I think it's usually best to use your own networks, but sometimes recruiters are helpful. There are two different ways to work with recruiters. 1) Talk to a recruiter who has already been contracted by a company to fill a particular position. This person is an outsourcing of the company HR. Do not ...
by Tamarind
Fri Jul 27, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Using Recruiters/Headhunters to find a new job?
Replies: 27
Views: 1062

Re: Using Recruiters/Headhunters to find a new job?

I think it's usually best to use your own networks, but sometimes recruiters are helpful. There are two different ways to work with recruiters. 1) Talk to a recruiter who has already been contracted by a company to fill a particular position. This person is an outsourcing of the company HR. Do not d...
by Tamarind
Fri Jul 27, 2018 6:18 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 10495

Re: Toughest Purchase of my Life. Engagement Ring time

Two Words: Cubic Zirconia And one more: Elope I'd be more than happy to get married in Vegas and plan an after-wedding party in a Hall or our House. I really feel like the Engagement ring and a Wedding are for other people. Yes, but is your prospective fiance one of those other people? If not, why ...
by Tamarind
Thu Jul 26, 2018 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Ex-Spouse and Will Executor Hasn't Paid Bequest
Replies: 33
Views: 4411

Re: Ex-Spouse and Will Executor Hasn't Paid Bequest

OP: Were the circumstances leading to your divorce involve physical or mental abuse? If so, do not re-engage your husband or the lawyer. Walk away and forget you were ever named a beneficiary. I really disagree with this, unless the ex is a complete nut. There is no reason to believe the stepfather...
by Tamarind
Wed Jul 25, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Flooring: Hard wood vs Ceramic Tile that looks like wood
Replies: 26
Views: 2833

Re: Flooring: Hard wood vs Ceramic Tile that looks like wood

I love the wood-look tile, but I have no idea if it will be considered an awful fad in 20 years.
by Tamarind
Wed Jul 25, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: What are the best options for a home equity line of credit?
Replies: 8
Views: 634

Re: What are the best options for a home equity line of credit?

unclescrooge wrote:
Wed Jul 25, 2018 3:51 pm
Third federal. Got prime minus 76bps last month.
+1
by Tamarind
Wed Jul 25, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 14074

Re: Should I Dump a Pile of Money on Young Son?

OP, I think you've gotten the full range of good advice. Especially that whatever you give your son you should give without strings (including trusts, which are just another way to retain control), and with his agreement and advance knowledge. Trusts do not have to be about control. They can be wri...
by Tamarind
Wed Jul 25, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 14074

Re: Should I Dump a Pile of Money on Young Son?

OP, I think you've gotten the full range of good advice. Especially that whatever you give your son you should give without strings (including trusts, which are just another way to retain control), and with his agreement and advance knowledge. Have you talked to him about the decision you're trying ...
by Tamarind
Tue Jul 24, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for credit card
Replies: 35
Views: 2972

Re: Turned down for credit card

Try Discover and if they won't then look at one of the many secured credit cards as a starting point. It's probably easier to get a card while still a student. This is what my wife did. She had always been warned off credit by her parents and made it to 25 with zero history. We wanted to refinance ...
by Tamarind
Fri Jul 20, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Buying A New House - Looking for Suggestions
Replies: 8
Views: 1088

Re: Buying A New House - Looking for Suggestions

Your goals seem to be in the right order to me. Definitely pay off the last of the student loans before loading up on debt again. It's definitely a good idea to plan on selling your house first and then go look for your new one. Just rent, it'll be fine. What is it that's driving you to buy twice as...
by Tamarind
Fri Jul 20, 2018 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 4328

Re: Selling mom's house

Sorry, that sounds like an awful situation. I'm sure your mother meant well but we get stories like this fairly often. If you and your siblings don't need the money from the sale, the fastest way out is to get the house appraised, gift your shares to your sister (quitclaim deed) and then refuse to e...
by Tamarind
Fri Jul 20, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Transferring Money and Closing Bank Account
Replies: 12
Views: 1174

Re: Transferring Money and Closing Bank Account

I'd just call or walk in. I did this recently by phone and the bank mailed me a regular check. If you're used to going in to the branch, get a cashier's check. NBD.
by Tamarind
Fri Jul 20, 2018 6:07 am
Forum: Investing - Help with Personal Investments
Topic: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact
Replies: 33
Views: 4425

Re: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact

Congrats on your windfall. I don't think you need a wealth manager, but if you want advice and someone to ask investment and market questions of (besides us), you could try Vanguard PAS. They work with people with much larger portfolios than yours, use the same basic 3-4 fund approach we'll recommen...
by Tamarind
Thu Jul 19, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Watch Collection Reasonable or Unreasonable or Irresponsible?
Replies: 107
Views: 5952

Re: Watch Collection Reasonable or Unreasonable or Irresponsible?

How would you feel if you talked to someone who had a similarly valued collection of something you weren't interested in.....say antique navigational tools, arcade cabinets, porcelain dolls, or designer shoes... What would you advise them to do, OP? It is certainly unreasonable to me to spend more o...
by Tamarind
Thu Jul 19, 2018 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Reevaluating mortgage payoff strategy
Replies: 63
Views: 6372

Re: Reevaluating mortgage payoff strategy

It depends on what else you would do with the dollars you can no longer get into tax-advantaged accounts due to change #3. If this were me I'd probably add them to a taxable retirement account and not pay extra on the mortgage. But you certainly could pay it down. You can also do some of both. It do...
by Tamarind
Thu Jul 19, 2018 6:07 am
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4775

Re: Heresy: Is It Worth Converting tIRAs to Roth?

Misattributing a quote is not unheard of in internet forums. Reading more into it than was ever intended is not unheard of either. Having a thick skin on the internet is a good way to maximize the helpful comments one might get from friendly volunteers. Thanks for the condescension. I've been on th...
by Tamarind
Wed Jul 18, 2018 8:17 am
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7870

Re: How do you handle the urge to DO something?

Remind yourself that research shows the more you fiddle with your investments, the worse you'll perform.

Then do something ELSE.
by Tamarind
Wed Jul 18, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Newbie: 35 and I have no idea what I'm doing
Replies: 9
Views: 1574

Re: Newbie: 35 and I have no idea what I'm doing

You're actually in fine shape, OP. 1) You should sell the individual stocks as you are able to cover the gains (don't take more than 2-3 years at most to do this). 2) Don't contribute another dollar to 529 until your student loans are paid off. As you say, it won't be long. 3) You are probably payin...
by Tamarind
Wed Jul 18, 2018 5:57 am
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4775

Re: Heresy: Is It Worth Converting tIRAs to Roth?

Look, you could get the best tax deal by having your husband stop work immediately so you have years of low income to convert. But you say he loves the job. Life is not about getting the absolute best tax rate. Let him know he can quit if he ever wants and prepare to pay taxes with equanimity, know...
by Tamarind
Wed Jul 18, 2018 5:50 am
Forum: Personal Consumer Issues
Topic: 35 minute connection for flight, long enough?
Replies: 65
Views: 4105

Re: 35 minute connection for flight, long enough?

I suggest you do direct to ORD. Yes they have closures but as a big busy northern airport they have the most experience handling bad weather with a minimum of fuss. I would not take a 35-minute connection in the north in winter unless I felt fine spending the night in airline-provided accommodations...
by Tamarind
Tue Jul 17, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 115
Views: 7859

Re: Anyone not have a Budget?

I have an annual cash flow plan that helps me set up automatic savings and adjust when income changes. It also helps us forecast how much we can commit for near term spending (car replacement fund, vacation, savings for house projects). I use mint every couple of months to make sure we are on track....
by Tamarind
Mon Jul 16, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 81
Views: 6956

Re: $540 a month on food for graduate student budget too much?

I prepare all my meals for the week on Sunday and pack everything with me during the work week. Good to hear that I am no longer the only Boglehead who does this. I have done it for close to 20yrs, including the past 5 for my (now) 4 member family. Saves an amazing amount of time and money. I under...
by Tamarind
Mon Jul 16, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 81
Views: 6956

Re: $540 a month on food for graduate student budget too much?

You can eat the same things you are eating, or much better, for less. I spend about $300/person/month and food is a splurge category for us including lots of fancy fruit, veg, and meat.
by Tamarind
Mon Jul 16, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 45
Views: 2623

Re: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?

Instead of VTI (TSM) how about VT (Total World)? Then you can ignore the distinction between US and foreign income and own the whole haystack. Yes, I'm actually thinking of that. However, one thing I am wondering - won't having VT remove my advantage of buying low via rebalancing that I currently h...
by Tamarind
Mon Jul 16, 2018 6:29 am
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 107
Views: 13808

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

Wife is also a Boglehead and wouldn't have any problem taking over. But I do most of the daily and yearly maintenance work (ie adjusting withholding or telling her if a change in allocation of new 401k contributions is needed) because I enjoy minutia more. We have a shared Personal Capital account w...
by Tamarind
Mon Jul 16, 2018 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 45
Views: 2623

Re: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?

Instead of VTI (TSM) how about VT (Total World)? Then you can ignore the distinction between US and foreign income and own the whole haystack.
by Tamarind
Mon Jul 16, 2018 5:04 am
Forum: Investing - Help with Personal Investments
Topic: Grade my portfolio please, newbie here
Replies: 9
Views: 1010

Re: Grade my portfolio please, newbie here

You're off to a great start and your overall strategy is sound. Re: where to put your bonds, you are indeed balancing tax-free growth in the Roth 401k money against taxes on bond fund dividends in taxable. The traditional wisdom is to put bonds in tax-deferred accounts, and this is usually more impo...
by Tamarind
Sun Jul 15, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Cash out 401K
Replies: 15
Views: 2056

Re: Cash out 401K

The part time job beginning at age 66 (three years) will probably be about $800/month and social security at retirement 63.5 is $1525. I'm confused about this- SSA says delaying claiming SS until FRA age 66.5 increases to $1850 however if I retire at 63.5 and don't claim SS until age 66.5 ( live of...
by Tamarind
Sat Jul 14, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 71
Views: 6590

Re: are mccormick gourmet spices better

Tdubs wrote:
Sat Jul 14, 2018 8:00 am
I find Penzy's over priced. Some of the mixes are interesting, but I buy from local ethnic markets. The price differences are astonishing.
This is fair and accurate.
by Tamarind
Sat Jul 14, 2018 7:26 am
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 71
Views: 6590

Re: are mccormick gourmet spices better

Another recommendation for Penzey's: https://www.penzeys.com More generally, the best spices are whole spices that you grind yourself when needed. I keep a set of jars for spices purchased whole in quantities I can go through in a year or so. No clue what's up at McCormick, except that quality of a ...
by Tamarind
Fri Jul 13, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: One Fund During Retirement?
Replies: 10
Views: 1124

Re: One Fund During Retirement?

I like the idea of one fund in retirement. If you have taxable accounts it may be a little less tax efficient, but that may be more than offset by ease of use and peace of mind for you. However I would not choose Wellesley, because it is actively managed. I would suggest a LifeStrategy fund or a Tar...
by Tamarind
Fri Jul 13, 2018 6:45 am
Forum: Investing - Help with Personal Investments
Topic: When to start taxable?
Replies: 22
Views: 2296

Re: When to start taxable?

I contributed to my taxable nearly my entire working career, after maxing out my 401K. At one point I was sending a $1000 check per month to Fidelity for my taxable. My reasoning was that if I was going to retire early, I wanted to leave my tax-advantaged stuff alone until I was past age 59.5. This...
by Tamarind
Thu Jul 12, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to help parents "see the light" with index investing?
Replies: 17
Views: 1501

Re: How to help parents "see the light" with index investing?

I am actively engaged in helping my parents make retirement and investment plans. I concur that you should not engage. If they haven't asked you for help, and they don't need financial assistance, then you have no basis for weighing in. The most I would do is mention in passing conversation that you...
by Tamarind
Thu Jul 12, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can't decline employer LTD policy. Should I buy up?
Replies: 9
Views: 1307

Re: Can't decline employer LTD policy. Should I buy up?

That's one of the benefits of having an individual policy - once the coverage is in force, the insurance company cannot change any terms of the policy. Thanks, so helpful! As I am looking at quotes with future increase options, it's clear they cannot require additional medical information or change...
by Tamarind
Thu Jul 12, 2018 6:04 am
Forum: Investing - Help with Personal Investments
Topic: When asking advice
Replies: 11
Views: 1726

Re: Pre-tax or after tax? Does it matter?

Thank you for all the feedback. :happy. I knew about index funds through reading Jack Bogle’s classic book on mutual funds. My work place retirement accounts take the money before taxes. Isn’t that the smarter way? So if I re-activate a retirement account that has much better fund options, isn’t th...
by Tamarind
Thu Jul 12, 2018 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 122
Views: 9931

Re: Keeping a checkbook

I'm very curious what reasons people continue to hand-write paper checks for property taxes, especially for those that are comfortable with online payments and/or billpay for their other bills. Is this a preference/habit thing? Enforced by your taxing authority? Are you aware your bank's billpay se...
by Tamarind
Wed Jul 11, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 44
Views: 7705

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

OP, I think you're making this too complicated. You don't need an AUM advisor, or a complex hedging strategy. Pick an asset allocation that makes you feel safe. For you, (given that if things go well you'll have more money than you need and if things don't you have many years to earn, learn, and imp...
by Tamarind
Wed Jul 11, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) Asset Allocation for 23 Year Old
Replies: 10
Views: 718

Re: 401(k) Asset Allocation for 23 Year Old

If she hasn't already, she should open a Roth IRA and consider holding her bonds there.

100% equities are ok for someone this age, but 10-20% bonds might be better for someone who's never experienced a market downtown.