Search found 6573 matches

by cherijoh
Sun May 17, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7678

Re: Does Delaying Social Security Deliver an 8% Return?

I know someone who plans to work till 70 but start taking benefits at 66. I think they would benefit from trying to not collect till 70 because they haven't invested with Boglehead principles and I don't think they have a lot in their retirement plan. I think they would benefit from that extra mone...
by cherijoh
Sun May 17, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7678

Re: Does Delaying Social Security Deliver an 8% Return?

For some odd reason, when it comes to SS benefits, most people want to take benefits as early as they can. But when it comes to determining how much to withdraw from their portfolio, they're afraid that they'll live to 110. :confused I'm not sure that those are the same posters, though! :wink: But ...
by cherijoh
Sun May 17, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7678

Re: Does Delaying Social Security Deliver an 8% Return?

It seems like if this is really true, it would create a great arbitrage opportunity. Retiree turns 62--financial institution pays them each month what they would have gotten from SS, plus say 4%. Then if and when the retiree turns 70, they receive the higher SS payments and pay the financial instit...
by cherijoh
Sun May 17, 2020 11:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 8998

Re: Vanguard Mutual Fund Platform EOL

For accounts, the only options are buy and sell . So the only way I could think of to ensure that I was selling and buying at the same price would be to keep cash in the Roth. Then sell VTSAX in the tIRA while simultaneously buying it in the Roth. Then after settlement in the tIRA do a Roth convers...
by cherijoh
Sun May 17, 2020 10:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 8998

Re: Vanguard Mutual Fund Platform EOL

Forgive my ignorance on this topic, but if one has a taxable brokerage account and wants any dividends to not automatically be reinvested and instead accumulate in a cash or settlement account, is this possible? That is the default if you don't have automatic reinvestment. I have a taxable brokerag...
by cherijoh
Fri May 15, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help with some job changes please!
Replies: 21
Views: 1832

Re: Help with some job changes please!

I would factor in the expected value of A's equity of being less than 10%. How does that change your calculus? What does your wife think? OP posted: (Company A total comp) = 1.12 *(Company B total comp) (Company A cash comp) = 0.85*(Company B cash comp) (Company A equity comp) = 1.4*(Company B equi...
by cherijoh
Fri May 15, 2020 4:42 pm
Forum: Non-US Investing
Topic: The Mighty USD
Replies: 58
Views: 4584

Re: The Mighty USD

jebmke wrote: Fri May 15, 2020 4:38 pm
David Jay wrote: Fri May 15, 2020 4:35 pm Yes. It is virtually guaranteed to be stronger or weaker over the next 10 years.
Very possibly periods of strength intersperse with periods of weakness.
And against which currencies? It could become relatively strong against some and weaker against others at the same time!
by cherijoh
Fri May 15, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mountain cabin?
Replies: 24
Views: 3827

Re: Mountain cabin?

Hi, Thoughts from others would be appreciated. I am 56 yo, probably retiring in a few years. I’ll have approx 2.2mm in retirement and taxable accounts, plus house (650k), plus 45 acres mtn property in another state. No debts. Two teenagers w $400k in 529 accounts for college, grad school. I live in...
by cherijoh
Fri May 15, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5672

Re: Discarding old tax returns

[quote=Normchad post_id=5252609 time=1589510802 user_id=2481 As for cost basis for my house, home repairs, etc, I just don't care. Under current law, I can't envision any scenario in which I would ever pay taxes on a home sale. Same for Roth IRA basis, etc. (In fact, I keep virtually nothing I recei...
by cherijoh
Fri May 15, 2020 10:28 am
Forum: Personal Consumer Issues
Topic: Tire shop returned my van with a broken part!
Replies: 27
Views: 1898

Re: Tire shop returned my van with a broken part!

And the one time that they broke a lug nut stud trying to remove a stubborn lug nut, they immediately told me what happened and arranged for a shop nearby to replace it at Discount Tire's expense. That is quality customer service and what we should all get but so rarely do. I wonder if companies re...
by cherijoh
Fri May 15, 2020 10:10 am
Forum: Personal Consumer Issues
Topic: What are your alternative plans this summer if it was travel?
Replies: 65
Views: 5624

Re: What are your alternative plans this summer if it was travel?

I just heard that Greece is open for vacationers this summer. Tempting, but I'm sure we will stick around here... I have a friend who was scheduled to leave for Greece in late April - in fact she probably would have been getting home earlier this week. She was booked on a tour so she thinks it will...
by cherijoh
Thu May 14, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mystery bill from dentist
Replies: 47
Views: 3297

Re: Mystery bill from dentist

Will try to keep this brief... I had an implant done 2010 for a front tooth I had. Fast forward 2015 and I notice it is starting to fail. I go back to the dentist and they take an xray etc to look at it and it turns out it needed to come out. I wound up moving to NC later that year anyway and decid...
by cherijoh
Wed May 13, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 86
Views: 6351

Re: Employer cut 403b contribution to zero

: You have left out a very important piece of information. Do you need the extra savings to reach your goals? Would any level of additional savings need hard budget cutbacks elsewhere? Without knowing the answer to these questions, my response would be leave things as they are right now and reasses...
by cherijoh
Wed May 13, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2731

Re: Deferred Compensation Money Gets Taxed

I haven't. My employer is very short-staffed right now, so it's not the best time to try to contact them. But, even if I could, is there anything I can do at this point, short of trying to get that money back next tax season? My 401(k) and 457 contributions were already made. The issue I have is th...
by cherijoh
Wed May 13, 2020 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2731

Re: Deferred Compensation Money Gets Taxed

I haven't. My employer is very short-staffed right now, so it's not the best time to try to contact them. But, even if I could, is there anything I can do at this point, short of trying to get that money back next tax season? My 401(k) and 457 contributions were already made. The issue I have is th...
by cherijoh
Wed May 13, 2020 2:11 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13800

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

Pro office crowd: - Miss the face to face interaction - Home setup not optimal for work (roommates, lack of proper office or desk, etc) - Just want to get out of the house I'd be willing to bet that many who miss the face-to-face interaction are more extroverted. The only extroverts I know who like...
by cherijoh
Wed May 13, 2020 1:32 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13800

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

My employer has decided to keep all our offices closed at least into early 2021. We were one of the first major companies to close and we'll be one of the last to open. We closed in the first week of March and may well be closed till next March. After a year+ of WFH I think it will be here to stay ...
by cherijoh
Wed May 13, 2020 1:10 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13800

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

First, not everyone has a large house with an office. Some people live in cities in small apartments and it may be very difficult to work from home (having no separate office or maybe even room for a desk) and nearly impossible for two people to work from home at the same time. Almost all of my emp...
by cherijoh
Wed May 13, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 8249

Re: Should you include home equity in Net Worth?

Where the rubber hits the road: if I posted my AA and revealed that 65% of my $2M+ net worth was in a single REIT, how many disapproving posts would I get from Bogleheads? And yet, if I were to post that I paid off my house with cash, would anyone doubt that I would be praised to the high heavens ?...
by cherijoh
Wed May 13, 2020 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2731

Re: Deferred Compensation Money Gets Taxed

I haven't. My employer is very short-staffed right now, so it's not the best time to try to contact them. But, even if I could, is there anything I can do at this point, short of trying to get that money back next tax season? My 401(k) and 457 contributions were already made. The issue I have is th...
by cherijoh
Wed May 13, 2020 7:52 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 16258

Re: Ben Felix - How to Retire Early (The 4% Rule)

Interesting how he even admits that 40 years still has close to 90% success rate. For most retirees, that’s pretty good. I personally am comfortable with anything above 70 to 80% on firecalc. In the video he references early retirement now analysis. With a 75/25 Portfolio, there really is excellent...
by cherijoh
Tue May 12, 2020 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 120
Views: 8484

Re: Undoing your already-taken RMD for 2020

Mel Lindauer wrote: Tue May 12, 2020 3:20 pm
cherijoh wrote: Tue May 12, 2020 3:12 pm
Whakamole wrote: Tue May 12, 2020 2:14 pm I took my RMD from an inherited IRA in January; it sounds like I am SOL?
Yes, but look on the bright side - at least you sold when the market was still high.
Yes, but he/she can now roll it back at a cheaper price.
Mel I think you missed that it was an inherited IRA.
by cherijoh
Tue May 12, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 120
Views: 8484

Re: Undoing your already-taken RMD for 2020

Whakamole wrote: Tue May 12, 2020 2:14 pm I took my RMD from an inherited IRA in January; it sounds like I am SOL?
Yes, but look on the bright side - at least you sold when the market was still high.
by cherijoh
Mon May 11, 2020 4:39 pm
Forum: Personal Investments
Topic: Payoff mortgage via HELOC strategy...critiques?
Replies: 3
Views: 405

Re: Payoff mortgage via HELOC strategy...critiques?

Dear BHers - so we are at a fork in the road with our rental property. It is rented out - now going on its 10th year - in a relatively HCOL area. The rent covers the mortgage and then some. We have typically rented it out for 2 year lease terms. We are considering paying it off. Doing so would requ...
by cherijoh
Mon May 11, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8908

Re: Percentage of savings to "prepping"?

Exactly. I find it wild to learn that there are people that don't have at least weeks worth of food in their homes. While the good stuff would all be gone in a week or two, I'm confident my family could survive on the food currently in the house for 3 months. And we just moved back in after a renov...
by cherijoh
Mon May 11, 2020 2:52 pm
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8908

Re: Percentage of savings to "prepping"?

It's funny, but what people call "prepping", I call normal shopping. It's not a matter of preparing for disruptions, but of stocking up when things are on sale. I was rather surprised to learn that most people don't already do do this. My parents grew up in the Great Depression and my dad was an av...
by cherijoh
Mon May 11, 2020 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff Imminent, seeking guidance.
Replies: 56
Views: 7445

Re: Layoff Imminent, seeking guidance.

For key people who might be able to help you in a future job search, whether inside or outside the company try to get their personal contact information e.g. email, phone #. You might have a boss who thinks highly of you that might be a good reference but if you don't have his/her personal contact ...
by cherijoh
Mon May 11, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent Unemployment Claim against my name
Replies: 7
Views: 1270

Re: Fraudulent Unemployment Claim against my name

... an unemployment claim was recently filed with the state using your name and Social Security Number (SSN) .... ..... Action taken so far: 1. Responded to my employer that I did not file any unemployment claim 2. Reported the Fraud with the state umemployment Fraud website ... If someone has your...
by cherijoh
Mon May 11, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage lender asking for copy of parents trust
Replies: 12
Views: 846

Re: Mortgage lender asking for copy of parents trust

Hi all, I am currently refinancing my home and the lender said that my wife’s parent’s home came up on a fraud report. I’m not sure what the trust says but presumably my wife will inherit some assets when both her parents die (her father died last year and her stepmother is still alive). The lender...
by cherijoh
Mon May 11, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage lender asking for copy of parents trust
Replies: 12
Views: 846

Re: Mortgage lender asking for copy of parents trust

Hi all, I am currently refinancing my home and the lender said that my wife’s parent’s home came up on a fraud report. I’m not sure what the trust says but presumably my wife will inherit some assets when both her parents die (her father died last year and her stepmother is still alive). The lender...
by cherijoh
Mon May 11, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: post covid 19 office work - was coronavirus a game changer for telecommunting?
Replies: 48
Views: 3895

Re: post covid 19 office work - was coronavirus a game changer for telecommunting?

I sure hope so but I’m doubtful. This conversation reminds me of the maker vs. manager schedule (http://www.paulgraham.com/makersschedule). In essence, management’s life is often made easier by having people in the office but the people building the thing (in my case writing code) benefit from long...
by cherijoh
Mon May 11, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: post covid 19 office work - was coronavirus a game changer for telecommunting?
Replies: 48
Views: 3895

Re: post covid 19 office work - was coronavirus a game changer for telecommunting?

I do think it will open the door a bit. I see more workers shifting to 20% or 40% at home, rather than completely full time. Or maybe companies see how much they can save on office space and this will be a major turn in telecommuting. I worked for a multi-national megacorp that had put a plan in to...
by cherijoh
Sun May 10, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 10189

Re: $2 million dollar house pre requisites

Based on spending no more than 3 years annual income on a house, that means income should be 1/3 of purchase price or around 667,000. If one doesn't work/retired, then should have net worth/assets worth 16.675 million as that gives the 667k at a 4% safe withdrawal rate of portfolio. If one earns le...
by cherijoh
Fri May 08, 2020 9:27 am
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage vs 30 year payoff in 15
Replies: 41
Views: 3619

Re: 15 year mortgage vs 30 year payoff in 15

I've done the following hypothetical calculations: Loan: $400K (~$700K house) 15 Year: Rate: 2.5% No point Monthly PI: $2667 IMO you will have a problem qualifying for this loan based on your salary. P&I adds up to $32k/yr, which by itself is 29% of a $110k/yr gross salary. The rule of thumb for mo...
by cherijoh
Fri May 08, 2020 8:18 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 31707

Re: My theory about FIRE

I've always thought it should be FIRO. Financially Independent. Retirement Optional. After all. That really is what being financially independent is. I've been happily FIRO's for a few years now. Maybe I should've started a blog a few years back and just FIRE'd. :happy I like that. I have been thin...
by cherijoh
Thu May 07, 2020 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Dealer won’t give back car titled in my name, how to proceed?
Replies: 71
Views: 5921

Re: Dealer won’t give back car titled in my name, how to proceed?

cheese_breath wrote: Wed May 06, 2020 5:51 pm Is the car free and clear? I don't know MN law, but I doubt he can transfer the title without paying the loan off first.
I thought you didn't get the title to the car unless it is free and clear. But it has been many moons since I had a car loan.
by cherijoh
Thu May 07, 2020 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Dealer won’t give back car titled in my name, how to proceed?
Replies: 71
Views: 5921

Re: Dealer won’t give back car titled in my name, how to proceed?

Back in March I was helping younger brother do taxes and noticed he was eligible for $530 savers credit if he put $1060 in Ira. Hew was unable to come up with $1060 so I funded his Ira with agreement that he would pay me when he got his tax return. In an effort to keep him accountable he signed the...
by cherijoh
Tue May 05, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: selling starter home to buy upgrade during Covid19
Replies: 11
Views: 980

Re: selling starter home to buy upgrade during Covid19

We live in a small town in North-East Texas that is heavily dependent on factories such as campbell soup and others not really affected by this pandemic. I'm not sure this pandemic has had traumatic effects to our local economy so far. What are the pros and cons to sticking with our original plan o...
by cherijoh
Sat May 02, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Reversing our IRA contribution for 2019
Replies: 6
Views: 381

Re: Reversing our IRA contribution for 2019

I am considering reversing the IRA contribution to lower the amount of distributions from my IRA in 2020. Sorry...not following your logic. How does reversing your spouse's IRA contribution from 2019 (and thus lowering the balance) impact the amount you need to take out of your IRA in 2020? RMD's a...
by cherijoh
Fri May 01, 2020 1:20 pm
Forum: Personal Investments
Topic: Question about Mutual Fund Taxes
Replies: 12
Views: 619

Re: Question about Mutual Fund Taxes

First, you have to buy a mutual fund shares in a so-called taxable account and not in a Roth IRA or HSA or 401(k) or other tax-advantaged account. Next, if you didn't sell any shares this year in order to realize the gains ("realize" is a technical term), then you would not have to pay taxes for 20...
by cherijoh
Thu Apr 30, 2020 3:15 pm
Forum: Personal Investments
Topic: TRIA to Roth conversions when spouses have different non-deductible basis
Replies: 14
Views: 505

Re: TRIA to Roth conversions when spouses have different non-deductible basis

------- My existing Roth account is a mega back door Roth at Vanguard funded via the VCP (voluntary contribution program) which I was eligible for through the prior federal CSRS-offset retirement system. This allowed me to contribute 10% of my 34 years career earnings on a post-tax basis to the VCP...
by cherijoh
Thu Apr 30, 2020 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 18095

Re: Quitting a job after two weeks: relocation expenses

They hired you as a specialist. When things cannot get done in the timeframe they ask you have to stand your ground and tell them it cannot be done and give them x, y and z reasons. Their delay in getting someone in that position and pushing and placing others in a rush deadline where they expect y...
by cherijoh
Wed Apr 29, 2020 4:52 pm
Forum: Personal Consumer Issues
Topic: Keepsake items for new baby?
Replies: 25
Views: 1305

Re: Keepsake items for new baby?

I like these ideas from Shutterfly:
by cherijoh
Wed Apr 29, 2020 4:38 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 57754

Re: How to get Toilet Paper ? seriously.

I think you meant 545 sheets - 545 ROLLS would be a heck of a big roll. :shock: The smallest roll I have seen in a name brand TP is a "double" roll. Most of the time it is "giant" triple rolls or "mega" quadruple rolls. In a standard toilet paper holder, a new double roll looks like a partial roll ...
by cherijoh
Wed Apr 29, 2020 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7513

Re: How do you explain no COVID19 Stimulus Payment?

Our income was/is too high for a COVID19 Stimulus payment, we don't mind not qualifying and we're in great financial shape (likely none of our friends or relatives are aware of that). We don't begrudge those that are eligible to receive them. That said we do get some inquiries and innuendo from fri...
by cherijoh
Wed Apr 29, 2020 2:37 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 57754

Re: How to get Toilet Paper ? seriously.

Latest news on toiler paper, shortages easing: https://www.reuters.com/article/us-health-coronavirus-usa-toiletpaper/toilet-paper-trophy-hunters-on-a-roll-as-u-s-shortages-start-easing-idUSKCN22A30A The average U.S. household - 2.6 people - uses about 409 rolls a year, according to Georgia Pacific,...
by cherijoh
Wed Apr 29, 2020 12:55 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 57754

Re: How to get Toilet Paper ? seriously.

We’re currently having spot shortages of various things at various stores, but generally, we can get everything, including the wily and elusive hand sanitizer, without too much searching. Usually not every brand, but something is available. Central San Diego. I'm in Charlotte, NC. I went to Trader ...
by cherijoh
Wed Apr 29, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust Question- Home Sale Issue. I need help.
Replies: 31
Views: 1400

Re: Will / Trust Question- Home Sale Issue. I need help.

This is a crazy position for a parent to put a child in. I'm thinking grandma knew her daughters were conniving and probably would waste the money, so that's why she did this. What is supposed to happen to grandma's other assets? If she had a $900,000 house, chances are there is more. I was thinkin...
by cherijoh
Wed Apr 29, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Expert Consultant: $110 / hr??
Replies: 70
Views: 6642

Re: Expert Consultant: $110 / hr??

Have been approached by an intermediary firm to provide industry expertise to an investment banking firm. This is a ~ 1 hour gig where basically they (the i-banking firm) ask me some questions and I share my experiences. I am gainfully employed (for now) and would be doing this for a few extra buck...
by cherijoh
Wed Apr 29, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Expert Consultant: $110 / hr??
Replies: 70
Views: 6642

Re: Expert Consultant: $110 / hr??

Have been approached by an intermediary firm to provide industry expertise to an investment banking firm. This is a ~ 1 hour gig where basically they (the i-banking firm) ask me some questions and I share my experiences. I am gainfully employed (for now) and would be doing this for a few extra buck...