Search found 6573 matches

by cherijoh
Wed Apr 29, 2020 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 186
Views: 13594

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

More generally stated, the constant dollar method of retirement income is not safe, and never has been. Following "the 4% rule" and "constant dollar method" are essentially discussing the same thing. The reason why it's not safe has always had far less to do with the percentage chosen, as it does w...
by cherijoh
Wed Apr 29, 2020 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Is this market timing or something else?
Replies: 12
Views: 673

Re: Is this market timing or something else?

I would NOT cut back all contributions - that 7.5% match is worth quite a lot - if you get a dollar for dollar match, that is a 100% return on each dollar saved. Do not give that up. I'm not sure about the rest. Is there a pension involved? I agree with retiredjg that you should not cut 403b contri...
by cherijoh
Wed Apr 29, 2020 9:45 am
Forum: Personal Investments
Topic: Leaving Edward Jones is there a better or worse time
Replies: 35
Views: 2106

Re: Leaving Edward Jones is there a better or worse time

Question? Does it matter on timing of this switch. ... just do it asap. I think you've answered your own question. I'd move on it as soon as is practical. I don't think it will take 4-6 weeks. To minimize time out of the market, you could look into a transfer in-kind. This way, the assets that aren...
by cherijoh
Tue Apr 28, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: Anyone wish they would have invested more during recent downturn?
Replies: 124
Views: 11350

Re: Anyone wish they would have invested more during recent downturn?

If only. . . I'd have bought $500,000 of Total Stock on March 20, 2020 . . . . . If only . . . I'd have sold 2 mil. of Total Stock on February 20, 2020 . . . . If only . . . I'd have kissed Cathleen Miyoshiro at that 8th grade dance in the Winter of 1967 . . . :shock: Coulda', Shoulda', Woulda', . ...
by cherijoh
Tue Apr 28, 2020 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 96
Views: 6901

Re: Carrying a big long mortgage

Definately a lot of good items on that list no doubt. However nothing is bette than having a paid of house and being debt free. That is your opinion and you have every right to think that. If you have your other bases covered (adequate EF, retirement savings on track) and want to make paying off th...
by cherijoh
Mon Apr 27, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 96
Views: 6901

Re: Carrying a big long mortgage

I’m curious to everyone’s thoughts on this: https://www.edelmanfinancialengines.com/insights/home-ownership-and-mortgages/11-great-reasons-to-carry-a-big-long-mortgage Here's my input: Reason #1: Your mortgage doesn’t affect your home’s value. True, but not the most compelling reason. Taken to the ...
by cherijoh
Mon Apr 27, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Is a Mortgage Recast Worth It?
Replies: 8
Views: 1092

Re: Is a Mortgage Recast Worth It?

Hello Bogleheads, I'm hoping I could get some insight from the BH community on two options I've been looking at ... as always, thank you to the community in advance for any input. So I'm looking to pay off the remainder of my mortgage in a little over three years by paying down principal. I am look...
by cherijoh
Mon Apr 27, 2020 9:34 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 20470

Re: Why am I even saving for retirement?

Will SS benefits cover all of your spending in retirement? I thought that you lived in a HCOL area. Would SS benefits still cover all of your spending in retirement if they were reduced by ~20% from 2035 forward, the SSA's most recent estimate? $94k (most of which is untaxed) with COLA should be go...
by cherijoh
Mon Apr 27, 2020 9:26 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 20470

Re: Why am I even saving for retirement?

Just ran my wife's and my numbers through https://ssa.tools/ We are both in our mid 30s each earning way above the maximum SS taxable earnings. If we quit working today, we'll receive $45k in SS at age 70 If we work 10 more years (and retire at age 45), we'll receive $75k in SS at age 70 If we work...
by cherijoh
Sun Apr 26, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2641

Re: File tax return electronically

For the many Bogleheads who fear/loathe e-filing, note paper returns are essentially sitting in an endless wait state. https://www.fool.com/taxes/2020/04/25/no-tax-refund-yet-heres-why-the-irs-might-be-givin.aspx If I had filed our taxes, I would be OK with that status, as we owe a small amount. Wh...
by cherijoh
Sun Apr 26, 2020 6:58 pm
Forum: Personal Investments
Topic: Are our cash reserves too high?
Replies: 8
Views: 1793

Re: Are our cash reserves too high?

I am not a lawyer but have considerable experience with immigration. Treat the following advice as coming from a friendly stranger, needs due diligence: The answer to your situation depends to an extent on your exact immigration status. What work visa are you on? Do you plan to immigrate to the US ...
by cherijoh
Sun Apr 26, 2020 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8376

Re: Payoff house and quit good-paying job?

If you take money out of traditional tax-advantaged accounts you would pay taxes plus a 10% early withdrawal penalty. I think you'll have to withdraw a lot more money than you think to pay off the mortgage since it would need to cover the taxes AND penalties. And such a withdrawal could push you in...
by cherijoh
Sun Apr 26, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8376

Re: Payoff house and quit good-paying job?

:greedy I What is wrong with so many on this forum? :confused Could you clarify? So many are trying to get away from work after only a little amount time on the job. Is this the message of Mr. John Bogle, the namesake of the board who never retired until death, literally speaking? That is way diffe...
by cherijoh
Sun Apr 26, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8376

Re: Payoff house and quit good-paying job?

If we have emergency funds and our monthly money "leftover" is essentially the same, what difference will that make in covering large expenses? Whole point of it is to keep a similar lifestyle with less work or less stressful work, not to suffer in poverty or something. We will also lose much of th...
by cherijoh
Sun Apr 26, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8376

Re: Payoff house and quit good-paying job?

Is this short-sighted? 30 with a wife and kid and just recently got your first "real" job...How much is "decent retirement fund"? Unless you have a lot more assets than your post would seem to suggest, how would it even be possible to support your family? At current income and expenses including mo...
by cherijoh
Sun Apr 26, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8376

Re: Payoff house and quit good-paying job?

If I said I'm also not looking forward to SS income later, I would be lying. You haven't paid into SS for 35 years, so you won't have much of SS regardless of whether it is around or not when you retire. . What do you mean? I don't believe the threshold to receive SS retirement is 35 years of work....
by cherijoh
Sun Apr 26, 2020 4:22 pm
Forum: Personal Consumer Issues
Topic: Older Women Lifting Weights
Replies: 166
Views: 17887

Re: Older Women Lifting Weights

So....the menfolk have a very active power lifting thread going on, but I did not see any participation from women. Surely there are some women here who lift weights! Tell us about it. :happy I'm particularly interested in older women (say over 60) who are lifting weights, but am also interested in...
by cherijoh
Sun Apr 26, 2020 3:14 pm
Forum: Personal Investments
Topic: Thoughts on Emergency Fund
Replies: 13
Views: 2000

Re: Thoughts on Emergency Fund

The fundamentals of an EF are: Security of Principle (more important than yield/returns) Liquidity Accessibility Seeking yield at the expense of preservation of principle for an EF is counterproductive. Seek yield with "long term" assets. (yield = volatility) j :happy I have updated the information...
by cherijoh
Sun Apr 26, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Convert to Roth at Top Tax Bracket?
Replies: 35
Views: 2579

Re: Convert to Roth at Top Tax Bracket?

With no Roth conversions, I am in the 22% federal bracket. I don't know exactly how much converting I'll end up doing this year but I don't plan to go above the top of the 24% marginal bracket. Are you also considering the IRMAA brackets in planning Roth conversions? https://phillipjamesfinancial.c...
by cherijoh
Sun Apr 26, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: E-filed tax return still processing over 21 days later...
Replies: 7
Views: 699

Re: E-filed tax return still processing over 21 days later...

I e-filed my tax return over 40 days ago. When I check Where is my Refund, it says "your tax return is still being processed." I know the IRS isn't processing paper returns, and is busy with stimulus checks, but they have not indicated any delay for e-filed returns. They say 9/10 e-filed tax refund...
by cherijoh
Sat Apr 25, 2020 5:52 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 57794

Re: How to get Toilet Paper ? seriously.

We have no problem buying TP at Walmart and other stores here in upstate NY. But we can only buy Kleenex one or two boxes a visit at Walmart. I have never bough Kleenex in my life. What's its use? You obviously are not an allergy sufferer! Hmm, good point! I was thinking about colds, but the season...
by cherijoh
Sat Apr 25, 2020 4:59 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 57794

Re: How to get Toilet Paper ? seriously.

Starfish wrote: Sat Apr 25, 2020 4:56 pm
likegarden wrote: Sat Apr 25, 2020 3:17 pm We have no problem buying TP at Walmart and other stores here in upstate NY. But we can only buy Kleenex one or two boxes a visit at Walmart.
I have never bough Kleenex in my life. What's its use?
You obviously are not an allergy sufferer!
by cherijoh
Sat Apr 25, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: RMD waived for 2020. Alternate strategy
Replies: 14
Views: 1299

Re: RMD waived for 2020. Alternate strategy

My strategy is just to take the tax reduction due to my RMD being waived. My ultimate goal for my Trad. IRA is to send 100% to charity when I die. As such, there would not be any income taxes due at the time of distribution. If I were to convert my any part of my waived RMD into a Roth IRA, I would...
by cherijoh
Sat Apr 25, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Convert to Roth at Top Tax Bracket?
Replies: 35
Views: 2579

Re: Convert to Roth at Top Tax Bracket?

Should I convert my $800,000 IRA to a Roth? I'm 60. About 10 years ago, when Roth conversions first became available to high net worth/high income individuals, I converted half of my IRA to a Roth.... Fast forward to now. A lot has changed as follows: 1. Both IRAs (Roth and Traditional) have grown ...
by cherijoh
Sat Apr 25, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Tax return lost in mail (during weird pandemic times...)
Replies: 20
Views: 1465

Re: Tax return lost in mail (during weird pandemic times...)

testing321 wrote: Sat Apr 25, 2020 11:36 am
stevew7 wrote: Sat Apr 25, 2020 11:21 am The IRS is not processing paper returns due to COVID19.
But they are cashing the checks enclosed with the returns as I can attest.
But the returns with refunds go to a different PO Box if I'm not mistaken.
by cherijoh
Sat Apr 25, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Tax return lost in mail (during weird pandemic times...)
Replies: 20
Views: 1465

Re: Tax return lost in mail (during weird pandemic times...)

Hey all, I mailed in my tax return March 14 and it still says “no info available” on the IRS site. It’s been 6 weeks...the max amount of time the website says to wait before calling. I call. Closed with no human support available due to covid with no support available...automated support only. Foll...
by cherijoh
Fri Apr 24, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want me to pay off their mortgage in exchange for title
Replies: 102
Views: 9484

Re: Parents want me to pay off their mortgage in exchange for title

I wrote about my parents' financial issues before, their small business is in absolutely dire straits now. Their primary (and only) asset is their primary residence. Comparable sales were about $550k prior to the pandemic. They owe about $180k. My parents made me the following proposition. I pay of...
by cherijoh
Fri Apr 24, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 361
Views: 29761

Re: just got my $1200 stimulus payment

I'm not sure I will be getting a check but what are your thoughts on the best use of the check to help the economy and needy. My primary interests are local small businesses and the needy. Feeding America. https://www.feedingamerica.org/ +1 Althought I'm cutting out the middleman and donating direc...
by cherijoh
Thu Apr 23, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house now -- crazy decision?
Replies: 11
Views: 1586

Re: Buying a house now -- crazy decision?

My job (IT in a large bank) feels secure, but I am quite new to the company. I live in Charlotte NC, a major banking center. I hate to tell you this but banks lay off people all the time - including IT. (It is their favorite way to boost stock prices). I would be very hesitant to buy a house at thi...
by cherijoh
Thu Apr 23, 2020 4:20 pm
Forum: Personal Consumer Issues
Topic: Sidewalk situation
Replies: 33
Views: 2275

Re: Sidewalk situation

Have a situation. Have placed calls asking for more information, but don’t expect fast replies b/c of coronavirus staffing. … and then started wondering if I could have liability. SITUATION: Neighbors across the street have put up and left a bike ramp for their son on the public sidewalk in front o...
by cherijoh
Thu Apr 23, 2020 10:26 am
Forum: Investing - Theory, News & General
Topic: Flip from 60/40 to 40/60
Replies: 42
Views: 3710

Re: Flip from 60/40 to 40/60

I recently came across info that challenged my thinking. We traditionally look at an AA of 60/40 stocks to bonds. Backtesting this from 1987 the CAGR is 9.67%. Max drawdown is 29.05%. The Sortino ratio is 1.07. If we flip this to 60/40 bonds to stocks the CAGR is 9.33% and the max drawdown drops to...
by cherijoh
Wed Apr 22, 2020 7:40 pm
Forum: Investing - Theory, News & General
Topic: Fire question
Replies: 7
Views: 731

Re: Fire question

We live a very simple life. If We take principle and interest out of budget our expenses are under 20k a year currently take home about 100k to 110k I am not sure what you mean by "take principle and interest out of budget" but if your expected expenses are only going to be $20k a year that is very...
by cherijoh
Wed Apr 22, 2020 11:29 am
Forum: Personal Investments
Topic: Retirees: Walk me thru your portfolio drawdown process
Replies: 39
Views: 3849

Re: Retirees: Walk me thru your portfolio drawdown process

We keep a minimum of two year’s needs in MM funds and withdraw whenever our checking account gets low. (It would be fair to say we’re not on a strict “budget”, but we don’t need that.) We (68/63) are still using only our taxable accounts to live on, while paying FIT for Roth Conversions. Our spendi...
by cherijoh
Wed Apr 22, 2020 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Potential Layoff - What to Do? Personal Finance
Replies: 10
Views: 1468

Re: Potential Layoff - What to Do? Personal Finance

I work in an industry getting hit from every possible angle. I work extremely hard and have sacrificed much for years to get where I am. I like to work. There is a chance I could get laid off sometime in the 3rd quarter this year, mostly due to factors beyond my control. I am currently 100% stocks ...
by cherijoh
Wed Apr 22, 2020 7:51 am
Forum: Personal Consumer Issues
Topic: Best BH soap for C19 & least mess at sink
Replies: 27
Views: 1981

Re: Best BH soap for C19 & least mess at sink

I shudder to think there is one ‘best’ soap as there could be a shortage as everyone runs out to buy it. Let’s just say that the best one is the one you already use BECAUSE you don’t have to risk getting sick to go out to buy it! Celia, I think you win the prize for the best answer! My habit of get...
by cherijoh
Tue Apr 21, 2020 1:11 pm
Forum: Personal Consumer Issues
Topic: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three to
Replies: 131
Views: 6634

Re: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three

choose from. I am thinking about buying a new car and would like you feed back on these three cars. I wouldn't buy a Prius. I am short and the spoiler in the back hits right in the middle of where I would be looking in the rear view mirror. In addition, the A/C was minimal when stopped in traffic -...
by cherijoh
Tue Apr 21, 2020 1:04 pm
Forum: Personal Consumer Issues
Topic: Growing Fruit and Vegetables
Replies: 30
Views: 1957

Re: Growing Fruit and Vegetables

I've got a small (5 x 20 ft) garden area and have just set out some tomato plants and a few bell peppers. I'm trying to decided what to plant in the remaining space. So much of what's available for home growing doesn't taste much better than when it's purchased in a store. The tomatoes are the obvi...
by cherijoh
Tue Apr 21, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: I Got Scammed To Send Amazon Gift Cards
Replies: 139
Views: 13070

Re: I Got Scammed To Send Amazon Gift Cards

I expect the Gift cards have already been spent. You could try to spend them to see. +1 I had my wallet stolen from my purse while I was visiting with a group of friends back in early December. I had just started home when one of my credit card companies (a bank with whom I had set up mobile bankin...
by cherijoh
Mon Apr 20, 2020 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?
Replies: 56
Views: 5753

Re: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?

I would say, however, that if you are "rusty", you are vulnerable. Just as with lifelong management of obesity, high blood pressure, diabetes etc., where one must regularly reserve significant hours for physical activity, one should also spend regular time honing one's skills to continue to be of s...
by cherijoh
Mon Apr 20, 2020 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?
Replies: 56
Views: 5753

Re: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?

I work in tech so interview prep takes quite a while. The last time I had to do almost 3-mths of full-time prep work, and barely made it. Today, I'd estimate at least 6mth of part-time (20hrs/wk) preparation, or 3mth of full-time (40hrs/wk) preparation before I can start interviewing. I'm potential...
by cherijoh
Sun Apr 19, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: I don’t need to file anything on April 15,2020, right?
Replies: 22
Views: 3112

Re: I don’t need to file anything on April 15,2020, right?

I owed a little money for 2019 tax year, and I paid it prior to April 15, 2020. I DID NOT file my 2019 tax return because I would not qualify for the stimulus money if the IRS based it on my 2019 income. If and when I receive the stimulus money, I'll file my 2019 return but no later than July 15th ...
by cherijoh
Sun Apr 19, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any One-More-Year FIRE people sticking to their plan?
Replies: 72
Views: 8792

Re: Any One-More-Year FIRE people sticking to their plan?

I was thinking of quitting my job this April. As it turned out, I got laid-off. It has, I admit, been a bit disheartening to be let go, to be essentially told that I’m not wanted, and to not leave on my own terms. But, as a consequence of getting laid-off, I’m getting a decent severance payment (pr...
by cherijoh
Sun Apr 19, 2020 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Any One-More-Year FIRE people sticking to their plan?
Replies: 72
Views: 8792

Re: Any One-More-Year FIRE people sticking to their plan?

Isn't it demoralizing to be demoted and threatened with layoffs, even if you set up the situation deliberately that way? And doesn't it feel like you're betraying your ingrained work ethic from before? I was thinking that if I ever FIRE I'd make a cleaner break, even though it may be more "rational...
by cherijoh
Sat Apr 18, 2020 6:04 pm
Forum: Personal Consumer Issues
Topic: How to get Liquid Hand Soap? seriously.
Replies: 76
Views: 4435

Re: How to get Liquid Hand Soap? seriously.

mbres60 wrote: Sat Apr 18, 2020 3:40 pm Bath and Bodyworks online has them.
I usually stock up whenever they have a sale at B&B. I think I have 6 or 7 bottles from my last visit (in January). I like the Creamy Luxe version - which it looks like they are bringing back.
by cherijoh
Sat Apr 18, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus, get my payment? On the way, now. Why USPS.
Replies: 25
Views: 3029

Re: Stimulus, get my payment? On the way, now. Why USPS.

We have been receiving Social Security for 4 years now and the message we get is this: Payment Status Not Available According to information that we have on file, we cannot determine your eligibility for a payment at this time. WTH? According to this article in the Washington Post: There are a numb...
by cherijoh
Sat Apr 18, 2020 11:50 am
Forum: Personal Finance (Not Investing)
Topic: pension rollover into IRA - tax implications going forward?
Replies: 15
Views: 501

Re: pension rollover into IRA - tax implications going forward?

My husband recently switched jobs and his previous employer has a pension which he can now cash out. Obviously that will have immediate tax implications. Another option offered is to rollover the pension lump sum amount into an IRA which would be pre-tax. My question is: does that affect our abilit...
by cherijoh
Sat Apr 18, 2020 11:20 am
Forum: Personal Investments
Topic: Recently Furloughed Need Financial/Investment Advice
Replies: 7
Views: 1408

Re: Recently Furloughed Need Financial/Investment Advice

With only 23.8k in the 401k (current), and essentially a 1.5% fees being tacked on, I would immediately roll over to an IRA. If you do find a new job before the end of the year, convert it to Roth. Or perhaps convert it to Roth straightaway, with the new CARES act you can elect to pay the tax burde...
by cherijoh
Sat Apr 18, 2020 11:03 am
Forum: Personal Investments
Topic: Recently Furloughed Need Financial/Investment Advice
Replies: 7
Views: 1408

Re: Recently Furloughed Need Financial/Investment Advice

Hello fellow BH's! Hope everyone is staying well during these unusual times. I was recently furloughed from my corporate job in NYC due to COVID (wife is still working thankfully) and would appreciate your help on a few questions. The bank I’m refinancing my student loan through (~$40k left to go w...
by cherijoh
Sat Apr 18, 2020 9:56 am
Forum: Personal Consumer Issues
Topic: Eating out after lock-down is lifted
Replies: 112
Views: 10488

Re: Eating out after lock-down is lifted

Well, if you're octogenarians, I can't imagine the risk is worth it. Even after the lock-down is lifted, the risk profile won't change unless there's substantial herd immunity or a vaccine or if like some other coronaviruses, it just disappears by the summer. A compromise would be to order the food...
by cherijoh
Sat Apr 18, 2020 9:33 am
Forum: Personal Consumer Issues
Topic: Eating out after lock-down is lifted
Replies: 112
Views: 10488

Re: Eating out after lock-down is lifted

Going to any public and potentially close proximity place is going to be strange and awkward until a Covid-19 vaccine is widely available. Nothing else is going to change this very bad situation regardless of the blustering wishful thinking that is going on. Ordering take out is risky, and we would...