Search found 6573 matches

by cherijoh
Wed Mar 25, 2020 7:50 pm
Forum: Personal Consumer Issues
Topic: Costco Senior hour Tue and Thur
Replies: 70
Views: 5894

Re: Costco Senior hour Tue and Thur

What I cannot understand is why any store or business wants to bring the whole population of vulnerables together in one place at one time. We generally go out to shop in the early evening....almost no one is in the store! I believe the idea is that the store is cleanest first thing in the morning....
by cherijoh
Mon Mar 23, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14998

Re: What have you learned from this situation that you will take action on?

I have learned that the urge to optimize every last penny to be invested needs to be resisted. EF cash is boring, but it is no joke, and very few people (I'm talking bogleheads) truly have enough to feel truly at peace.. I know I don't, I fully intend to rectify this to the best of my abilities, ev...
by cherijoh
Fri Mar 13, 2020 5:36 am
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 26891

Re: Who is staying course and how are you dealing with net worth going down?

I am staying course so far but the drop is scaring the hack out of me. I know I should keep bogle way but it is pretty stressful to see vanguard portfolio going down in value every day. How are you guys staying calm? And how far will it go down? I heard once shale oil market gets screwed, things ca...
by cherijoh
Thu Mar 12, 2020 5:12 pm
Forum: Personal Investments
Topic: Did anyone buy anything yesterday at 20 pct discount
Replies: 24
Views: 1853

Re: Did anyone buy anything yesterday at 20 pct discount

Not exactly a buy per se, but NVDA is down 31% from its high on 2/19. I'm doing Roth conversions of my NVDA currently in my tIRA to my Roth. Am thinking I'll have some big tax-free returns down the road whenever things recover. :moneybag I did the same thing with total stock market index (VTSAX) . ...
by cherijoh
Thu Mar 12, 2020 10:35 am
Forum: Investing - Theory, News & General
Topic: The end of cruise ships [cruise line stock prices]
Replies: 248
Views: 26958

Re: The end of cruise ships

However, the chance of getting quarantined for several (many!?) days ON a ship, WITH sick people with an infectious disease? THAT is truly horrifying. Yes, a floating petri dish, no question about it. We just cancelled some cruise reservations, and will think long and hard before committing to anot...
by cherijoh
Thu Mar 12, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Unmarried home ownership, joining his preexisting purchase
Replies: 72
Views: 3787

Re: Unmarried home ownership, joining his preexisting purchase

I have cohabitated before as well. The home was in their name. They wanted to charge me market rate rent. So, I offered to buy the place and charge them market rate since it would obviously should be fair either way. They declined as that would have taken them out of the property market and they wo...
by cherijoh
Wed Mar 11, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried home ownership, joining his preexisting purchase
Replies: 72
Views: 3787

Re: Unmarried home ownership, joining his preexisting purchase

He makes more than 6 times what you make. He charges you 70% of your income for rent. You do all the cooking, laundry and laundry. You want marriage and he is stalling. Conclusion: You are a live-in housekeeper with benefits who actually pays him (instead of him paying you for your work) for the “p...
by cherijoh
Wed Mar 11, 2020 11:20 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 197745

Re: Bogleheads community discussion - Coronavirus

I haven't read all the posts on this thread so I apologize if this has already been covered. This is by way of a PSA rather than asking a question. I take a couple of medications daily - two of which are sourced from India. I was due for refills later this month, but I checked this morning to see i...
by cherijoh
Wed Mar 11, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home 3x income ?
Replies: 28
Views: 3276

Re: Buying a home 3x income ?

I’ve read people who discuss 3x income as a rule of thumb for purchasing a home. Does that mean the home’s purchase price should be 3x or less income, or the mortgage should be less than 3x? My advice: Buy as little house as you can reasonably live in, and make sure it’s a good/desirable location. ...
by cherijoh
Mon Mar 09, 2020 3:32 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 197745

Re: Bogleheads community discussion - Coronavirus

I haven't read all the posts on this thread so I apologize if this has already been covered. This is by way of a PSA rather than asking a question. I take a couple of medications daily - two of which are sourced from India. I was due for refills later this month, but I checked this morning to see if...
by cherijoh
Sat Mar 07, 2020 3:38 pm
Forum: Personal Investments
Topic: I got lucky, now what?
Replies: 46
Views: 4454

Re: I got lucky, now what?

Apologies for the confusion. I wasn't referring to AA with the 85% number. The $750k from the previous job 401k was 85% of my total retirement portfolio and was allocated 80/20 stocks/bonds. The other 15% of my retirement savings is in a Vanguard Roth and a small amount in my new job 401k where I'v...
by cherijoh
Mon Feb 17, 2020 4:37 pm
Forum: Personal Investments
Topic: Time for Backdoor Roth?
Replies: 4
Views: 514

Re: Time for Backdoor Roth?

Other possible choices....mega back door? pay off debt? Now is a good time to learn about this procedure. There will be so many threads on how people have messed up or don't know how to file it that you will not be going in blind. The procedure is very simple. The documentation is not simple for ma...
by cherijoh
Wed Jan 15, 2020 9:44 pm
Forum: Personal Investments
Topic: Roth IRA Overcontribution mistake
Replies: 2
Views: 233

Re: Roth IRA Overcontribution mistake

Guys, I made a really stupid mistake. I overcontributed to my 2019 Roth IRA by $6k ( I made this contribution back in march 2019 not thinking I will be over the MAGI). I didn't discover this until today. The stupidest thing I did was I created a traditional IRA a week ago and contributed $6k for 20...
by cherijoh
Mon Jan 06, 2020 5:31 am
Forum: Personal Consumer Issues
Topic: Anyone Familiar with LAX? Advice Needed
Replies: 9
Views: 994

Anyone Familiar with LAX? Advice Needed

In a couple of weeks I'll be flying out to LA to meet someone who is flying in the same day on a different airline. Both flights are scheduled to arrive within about 30 minutes of each other (with emphasis on scheduled) at ~ 11 am PST. I'm flying non-stop on American and person I'm meeting is schedu...
by cherijoh
Thu Jan 02, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: RMD Table 1...Vanguard Doesn't Match
Replies: 13
Views: 696

Re: RMD Table 1...Vanguard Doesn't Match

The latest IRS publication said for 2018 taxes. I wonder if there is an unpublished update? https://www.irs.gov/pub/irs-pdf/p590b.pdf I don't think the life expectancy tables are updated each year. But the new publication for 2019 should be available soon. Could there have been be an adjustment for...
by cherijoh
Thu Jan 02, 2020 9:24 am
Forum: Personal Investments
Topic: Secure act - should I shift to taxable
Replies: 69
Views: 8273

Re: Secure act - should I shift to taxable

You need to give us some data to work with. Spouse? Age? Size of account balances? Your tax rate? Your daughters tax rate? One approach you didn't mention was to switch to Roth 401K contributions. You can also do Roth conversions after you retire and might be in a lower tax bracket. It is a mistake...
by cherijoh
Thu Jan 02, 2020 8:44 am
Forum: Personal Finance (Not Investing)
Topic: RMD Table 1...Vanguard Doesn't Match
Replies: 13
Views: 696

Re: RMD Table 1...Vanguard Doesn't Match

I would use the IRS as the source of the information as they would be the ones charging the penalty if you ended up not taking the full amount of your RMD.
by cherijoh
Thu Jan 02, 2020 8:30 am
Forum: Personal Consumer Issues
Topic: What Happens to Credit Score when Freezing Credit?
Replies: 19
Views: 1778

Re: What Happens to Credit Score when Freezing Credit?

I froze mine with six different companies: Experian. https://www.experian.com/freeze/center.html Equifax https://www.equifax.com/personal/credit-report-services/credit-freeze/ Transunion https://www.transunion.com/credit-freeze Innovis https://www.innovis.com/personal/securityFreeze Nctue https://w...
by cherijoh
Thu Jan 02, 2020 8:17 am
Forum: Personal Investments
Topic: Capital Gains Harvesting - Lots with Largest or Smallest Gains
Replies: 26
Views: 1990

Re: Capital Gains Harvesting - Lots with Largest or Smallest Gains

I don't see any point in repurchasing these funds to reset the cost basis. Why are you second guessing yourself about switching to indexes? You don't owe the funds any loyalty just because they were your winners in the past. :wink: I would focus on selling them to further clean up your portfolio. Y...
by cherijoh
Wed Jan 01, 2020 6:05 pm
Forum: Personal Investments
Topic: Capital Gains Harvesting - Lots with Largest or Smallest Gains
Replies: 26
Views: 1990

Re: Capital Gains Harvesting - Lots with Largest or Smallest Gains

I've been gradually shifting investments in my taxable account toward a 3-fund portfolio by selling legacy funds with losses or small gains. The early decisions were easy - just sell the losers and enough of the moderate performers to zero-out capital gains. Now it's getting trickier because I'm do...
by cherijoh
Wed Jan 01, 2020 4:45 pm
Forum: Personal Investments
Topic: Roth IRA - so who hit 'enter' at 12:01AM this morning?
Replies: 113
Views: 11047

Re: Roth IRA - so who hit 'enter' at 12:01AM this morning?

...did it 30-Dec made the plunge well into 22% tax bracket into second IRMAA tier I do wish we had 30-day grace period to review numbers and reverse if necessary. It sounds like you are referencing a Roth conversion and not the normal annual Roth contribution that the OP was talking about. (You can...
by cherijoh
Wed Jan 01, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer at FAANG for $350k - Declining Offer
Replies: 161
Views: 18975

Re: Job offer at FAANG for $350k - Declining Offer

Thanks for all the input and thoughts here. Appreciate the encouragement and advice. Interesting to see the diversity of thought. We already have 30% of what we need to retire forever in woods near my folks living off $70k/year. I'm already spinning up my next endevour (not corporate America relate...
by cherijoh
Wed Jan 01, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Contributions to"RIP Medical Debt".
Replies: 15
Views: 1674

Re: Contributions to"RIP Medical Debt".

Duckie wrote: Sun Dec 29, 2019 7:45 pm That just means "since its founding on unmentioned date up until September 2019..." Founding to is not the same as founding on.

GuideStar lists 2016 as the ruling year the IRS granted it tax exempt status.
:oops: I obviously need to pay more attention to what I read!
by cherijoh
Sun Dec 29, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Contributions to"RIP Medical Debt".
Replies: 15
Views: 1674

Re: Contributions to"RIP Medical Debt".

Have you heard of this organization? Their goal is to pay off medical debt for folks in need. Our local TV station was pushing contributions to them. The claim is that for each dollar contributed, $100.00 of debt is paid off. I'm interested in helping out, but I'd like to know more about them. I've...
by cherijoh
Sun Dec 29, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Contributions to"RIP Medical Debt".
Replies: 15
Views: 1674

Re: Contributions to"RIP Medical Debt".

Have you heard of this organization? Their goal is to pay off medical debt for folks in need. Our local TV station was pushing contributions to them. The claim is that for each dollar contributed, $100.00 of debt is paid off. I'm interested in helping out, but I'd like to know more about them. I've...
by cherijoh
Sun Dec 29, 2019 10:51 am
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 271
Views: 10541

Re: Vanguard phasing out regular mutual fund shares?

ETFs are structurally more efficient than mutual funds and reduce costs for Vanguard. As low cost zealots we should embrace ETFs and abandon mutual funds. There are some circumstances where mutual funds are superior for an investor's needs. The one that springs to mind is anyone who is dollar cost ...
by cherijoh
Sun Dec 29, 2019 10:37 am
Forum: Investing - Theory, News & General
Topic: Will RMD lower your wealth
Replies: 37
Views: 4375

Re: Will RMD lower your wealth

The way I've thought about it is that the bottom line on a TIRA or 401(k) statement is falsely high , because it doesn't take into account the tax obligation, the accumulating "debt" in the account. Just as right now after Christmas my checking account balance is falsely high because it doesn't sho...
by cherijoh
Sun Dec 29, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: IRA to ROTH: Going from 12% to 24% tax bracket
Replies: 44
Views: 3530

Re: IRA to ROTH: Going from 12% to 24% tax bracket

Here's my own simpler example of the difference between marginal tax bracket and incremental tax bracket. (I'm single near the middle of the 22% marginal bracket and don't need to worry about SS or IRMMA yet). Without any Roth conversions, some of my capital gains/qualified dividends are taxed at 0...
by cherijoh
Sat Dec 28, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to ROTH: Going from 12% to 24% tax bracket
Replies: 44
Views: 3530

Re: IRA to ROTH: Going from 12% to 24% tax bracket

Here's my own simpler example of the difference between marginal tax bracket and incremental tax bracket. (I'm single near the middle of the 22% marginal bracket and don't need to worry about SS or IRMMA yet). Without any Roth conversions, some of my capital gains/qualified dividends are taxed at 0...
by cherijoh
Fri Dec 27, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to ROTH: Going from 12% to 24% tax bracket
Replies: 44
Views: 3530

Re: IRA to ROTH: Going from 12% to 24% tax bracket

In past years, I have been converting enough IRA to ROTH (after taking RMD) to get up to but not exceed the 12% married, filing jointly tax bracket. Question: Since my wife is so much younger and since as a widow/single her tax rate will be substantially higher than our current tax rate, should I, ...
by cherijoh
Fri Dec 27, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: 59.5 asset allocation
Replies: 24
Views: 2866

Re: 59.5 asset allocation

Just curious how many people at 59.5 on what there AA is will be or was when starting to make withdrawals? I retired at ~59.5 in the spring of 2018. IIRC I was somewhere between 60/40 and 55/45, which is where I still am now. I am currently drawing a smallish pension with covers about 1/3 to 1/2 of...
by cherijoh
Wed Dec 18, 2019 9:45 pm
Forum: Investing - Theory, News & General
Topic: Advice needed: should we tap our 401k via 72t distribution?
Replies: 28
Views: 1477

Re: Advice needed: should we tap our 401k via 72t distribution?

Yes, and with the 401k and pension annuities my total income would be about $199k. There is a fundamental flaw in this logic. Your cash flow might be ~$199k with these drawdowns, but not all of it would be new income. You would be in effect borrowing from Peter to pay Paul. The longer you wait to s...
by cherijoh
Wed Dec 18, 2019 6:46 pm
Forum: Investing - Theory, News & General
Topic: Advice needed: should we tap our 401k via 72t distribution?
Replies: 28
Views: 1477

Re: Advice needed: should we tap our 401k via 72t distribution?

I didn't read your whole post or the other comments. Just stopped at your age. I believe if you do a 72t, it must continue for 5 years or until age 59.5... whichever is longer . Since you are only 44, that is likely to be a bad choice. Retiredjg is correct. The 72t is very specific on duration and ...
by cherijoh
Tue Dec 17, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: estate distribution confusion
Replies: 79
Views: 4348

Re: estate distribution confusion

My brother and I jointly inherited our mother's house. I lived out of state, but he lived ~20 miles from her. We sold the house and split the proceeds, but had he wanted the house, I definitely would have taken the equivalent of half the net sales proceeds. IMO the relationship is the most important...
by cherijoh
Sun Dec 01, 2019 7:34 am
Forum: Personal Investments
Topic: Bridge account?
Replies: 21
Views: 1220

Re: Bridge account?

Rule of 55 - google it. Have to leave the money in the 401k and not roll to IRA. That is my plan as well, retire at 55 and use the rule to start my withdraws. It is a rule for sure. However, I would still make sure your 401k actual plan allows it, by confirming it with the plan administrator. It's ...
by cherijoh
Wed Nov 27, 2019 9:06 am
Forum: Personal Consumer Issues
Topic: New Phone Scam - Up A Notch
Replies: 59
Views: 5356

Re: New Phone Scam - Up A Notch

HomeStretch wrote: Wed Nov 27, 2019 8:43 am Happens frequently to me (I don’t pick up). Neighbor caller ID spoofing is popular where a local number is used to fool the recipient into picking up.
On several occasions they have spoofed my phone number, so it looks like I'm calling myself.
by cherijoh
Mon Nov 25, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 441
Views: 35753

Re: Retirement Friendly States

Best South American countries for retirees: Mexico(High crime rate, fantastic immigration policy), Panama, (Florida), Dominican Republic, Chile (any country with a rentista visa, exclusively designed for relatively wealthy retirees) Best asia-pacific countries for energetic retirees: Singapore, Hon...
by cherijoh
Sun Nov 24, 2019 11:38 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 89950

Re: Found hidden safe, should we crack?

Things that make you go hmmmm .... Called the locksmiths, they have a robotic appliance that will try every combination , cost is $300, 70 per cent success rate, takes up to 3 days . 5 digit combination, dial has 90 numbers . Don’t think you’d get through it in a couple of weeks 😊 90 ^ 5 = 5,904,90...
by cherijoh
Sun Nov 24, 2019 11:27 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 89950

Re: Found hidden safe, should we crack?

5 digit combination, dial has 90 numbers. Don’t think you’d get through it in a couple of weeks 😊 90 ^ 5 = 5,904,900,000 possible combinations (give or take). If you had the patience to do 1,000 combinations per day, it would take you only 5,904,900 days. That's 16,178 years. Pay the locksmith! Tha...
by cherijoh
Sun Nov 24, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Husband's Surprise Debts
Replies: 183
Views: 19883

Re: Help: Husband's Surprise Debts

It’s personal but my wife would divorce me if I did this and hid it from her that's extreme imo. No way my wife would, she would be disappointed of course. Nothing extreme about it. Mismanagement is bad enough, but he hid information and reneged on their agreement to use the the HELOC for emergenci...
by cherijoh
Sun Nov 24, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Help: Husband's Surprise Debts
Replies: 183
Views: 19883

Re: Help: Husband's Surprise Debts

In full disclosure, I've left the finances up to him--it's not my strong suit and he has an MBA--so I assumed all was being handled. Finances and running a household aren't difficult. Its mostly simple math and keeping tracks of things. An MBA doesn't really provide much finance education. You coul...
by cherijoh
Sun Nov 24, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Help: Husband's Surprise Debts
Replies: 183
Views: 19883

Re: Help: Husband's Surprise Debts

Ignoring the HELOC, IRS debt, and credit cards, you have a joint net worth of $1.1 million. Subtract the above debts, and you have a joint net worth of about $950,000. At a 4% withdrawal rate, that’s $38,000/year. Isn't most of that net worth in home equity? No, about half is in retirement accounts...
by cherijoh
Sun Nov 24, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Help: Husband's Surprise Debts
Replies: 183
Views: 19883

Re: Help: Husband's Surprise Debts

I don't mind the reality check and I agree, if we are to solve this problem, we need to do this together. HOWEVER, my income (while raising three children!!) did not pay just for optional expenses--my car, clothing for myself & kids, school tuitions, food, cell phones, miscellaneous for kids, any t...
by cherijoh
Sun Nov 24, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Help: Husband's Surprise Debts
Replies: 183
Views: 19883

Re: Help: Husband's Surprise Debts

I hear what you're saying. I agree. But, I don't think it's an easy decision, especially at this age and stage of life. My SS is $945 per month, plus an annuity of $320. How could I possibly live on that amount of money? Division of the assets (minus debts) would net me maybe $350k. I had a window ...
by cherijoh
Sun Nov 24, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Help: Husband's Surprise Debts
Replies: 183
Views: 19883

Re: Help: Husband's Surprise Debts

delamer wrote: Fri Nov 22, 2019 11:52 am Ignoring the HELOC, IRS debt, and credit cards, you have a joint net worth of $1.1 million.

Subtract the above debts, and you have a joint net worth of about $950,000. At a 4% withdrawal rate, that’s $38,000/year.
Isn't most of that net worth in home equity?
by cherijoh
Sun Nov 10, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Understand Safe Harbor rules correctly?
Replies: 27
Views: 2934

Re: Do I Understand Safe Harbor rules correctly?

As long as we pay 110% of the total tax that we owed last year, is this sufficient to avoid any issue with underpayment penalties? Unfortunately, NO. For high earners you must have 110% of the total tax bill you owed last year withheld from you pay checks. So estimated tax payments do not count. Th...
by cherijoh
Sun Nov 10, 2019 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 99
Views: 9449

Re: Should I buy the family cottage?

Some complications that I didn't mention previously- My father currently has it in the will as split four ways. He doesn't like that option because of how that has gone with other families on the lake. This would result in a tenancy in common situation where anyone who wanted out could force the im...
by cherijoh
Sun Nov 10, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 99
Views: 9449

Re: Should I buy the family cottage?

celia wrote: Fri Nov 08, 2019 9:06 pm
But this is family. Your dad got it for a good deal, instead of his siblings.
You raise an interesting point, Celia. How did the original transfer work from OP's grandmother to OP's father. Was he an only child? If not was their resentment from his siblings?
by cherijoh
Sat Nov 02, 2019 12:18 pm
Forum: Personal Investments
Topic: What should I know before doing Roth conversion?
Replies: 7
Views: 982

Re: What should I know before doing Roth conversion?

DW & I are almost certainly in a lower tax bracket this year than we will be in retirement. We've used up 100k pretax space this year. A few questions before I convert: 1. What should I know? Current situation: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=293620 2. When is the deadline for ...
by cherijoh
Sat Nov 02, 2019 7:20 am
Forum: Personal Investments
Topic: Quick RMD Question
Replies: 14
Views: 2238

Re: Quick RMD Question

On a silly but practical side, how can I know the balance of my IRA or 401(k) on Dec. 31, last year if I don't keep track of them? Do I have to ask the account custodians, for example, Fidelity? Your custodian should have mailed you an end-of-year statement. If you opted for paperless, it will be p...