Search found 4917 matches

by cherijoh
Fri Aug 03, 2018 9:04 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 11929

Re: 3 Levels of Wealth

Ben Carlson's article, "The 3 Levels of Wealth", http://awealthofcommonsense.com/2018/08/the-3-levels-of-wealth/, made me think about having enough to retire even though it was more about growing income inequality. Carlson describes the 3 levels of wealth posited by Stewart Butterworth, the founder...
by cherijoh
Fri Aug 03, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: How to calculate Real Estate in your Asset Allocation
Replies: 20
Views: 2276

Re: How to calculate Real Estate in your Asset Allocation

Returning to this topic, I've had an AA of 85/15 and just introducing my first SFH direct RE venture. My first thought is that rental income belongs in the Fixed Income category, so it should share the bond space, and I should plan along the lines of keeping 85% in stocks, 7.5% in bonds, and around...
by cherijoh
Fri Aug 03, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: best place to hide a key
Replies: 63
Views: 4940

Re: best place to hide a key

On/near a car when leaving it to hike or do activities. We seem to need it about once or twice a year at least. Even if we do our best, the key is lost or someone needs access etc. Magnetic key holders we've used hiding them in the usual spots i'm sure everyone has tried-wheel wells, bumpers. What ...
by cherijoh
Fri Aug 03, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Hitting Milestone Early, and the Fiancee Response!
Replies: 20
Views: 4146

Re: Hitting Milestone Early, and the Fiancee Response!

In 2014 we started taking fiances and investment more seriously. We ended that year with 19k invested. Last week we hit 103k invested, with our goal for this whole year being to get to 100k. When I told my fiancee about this milestone the response I got was a monotone, disinterested sounding "Yay."...
by cherijoh
Fri Aug 03, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Pay Down Question
Replies: 37
Views: 2121

Re: Credit Card Pay Down Question

How much would you be willing to sacrifice/eat in interest while paying down a CC (24.74% APR) before pulling from something like a Roth IRA? I'm advising someone to bite the bullet and eat some interest versus pulling from their Roth IRA which they are intending on doing, They have about 11k in CC...
by cherijoh
Fri Aug 03, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Pay Down Question
Replies: 37
Views: 2121

Re: Credit Card Pay Down Question

Whatever behavior got this person into 11K in high-interest rate CC debt needs to change. And IMHO the path of scrimping for several months is more likely to change that behavior than the withdrawal from the IRA. +1. Roth is easy way out.What’s the plan when they find themselves in cc debt again? K...
by cherijoh
Fri Aug 03, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Pay Down Question
Replies: 37
Views: 2121

Re: Credit Card Pay Down Question

They need to be working on their credit score. Something else is happening for them to get that high of rate - of course maybe they were late on a few payments, that could do it. We moved ours over to 0% transfer offers but they probably don't have that choice. Not necessarily ... I have a good cre...
by cherijoh
Fri Aug 03, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6188

Re: Co - signed a Mortage, Now wants out

I recently was interested in transferring a deed without changing the mortgage (to buy my parents out). No luck. We had to refi. You'll have even less luck since you want to alter who is on the mortgage note. Unless you shopped for the rare "assumable" loan 6 years ago, there is no way but to refi....
by cherijoh
Thu Aug 02, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 176
Views: 9778

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I've purchased the flights/hotels for a trip to Italy from Costco Travel, using a Costco Citi Visa credit card. The card provides trip cancellation insurance up to $3,000/person, which is sufficient if one of us gets ill. However, it doesn't provide medical evacuation insurance, and I'd have to pur...
by cherijoh
Wed Aug 01, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6748

Re: Nervous about not using a personal wealth manager. How do I do this myself?

If you really need some hand holding until you feel you have a handle on everything, try using vanguard pas for 0.3% plus very low cost funds instead of the .9% plus 1% fund fees. Once you have educated yourself, then drop pas. Alternatively, get a fee only planner that you pay for a tune up when y...
by cherijoh
Wed Aug 01, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 6259

Re: Effect of Current Income on Decision to Retire Early

So my question to the community is: at what percentage of current income (or savings) relative to overall retirement assets, does continued working become not worth the effort? This is assuming that one neither hates nor loves one's job; all other non-financial factors are neutral. For example, ass...
by cherijoh
Wed Aug 01, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14668

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

My main reason for suggesting paying off the mortgage is cash flow. Your income needs drop from $150k plus taxes, down to about $116k plus taxes. And at that level, you could possibly drop into the 12% tax bracket, which would drop your long term capital gains rate to 0%. lets say $100k comes from ...
by cherijoh
Wed Aug 01, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14668

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

This forum, in my opinion, is notoriously conservative. That’s neither good or bad, just a fact. Filter the responses accordingly Are there any other, less conservative, investment forums you can recommend? I find myself feeling very financially conservative and would love to hear opinions of other...
by cherijoh
Wed Aug 01, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14668

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

This forum, in my opinion, is notoriously conservative. That’s neither good or bad, just a fact. Filter the responses accordingly Are there any other, less conservative, investment forums you can recommend? I find myself feeling very financially conservative and would love to hear opinions of other...
by cherijoh
Wed Aug 01, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14668

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

A Roth conversion ladder might be a benefit for some, but it will not make too little money into enough money. This poster does not have enough money to retire now unless there is a considerable reduction of expenses. Some people are looking at net worth instead of spendable money. This is not accu...
by cherijoh
Wed Aug 01, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14668

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

Where did you get $2.5MM? I came up with just over $2M. Did you include home equity? You are right about the Roth ladder, but with the OP having $100K + in ordinary income/yr before any Roth conversions, this strategy wouldn't exactly be cheap for them to put in play. I just did $3.7M - $850K (valu...
by cherijoh
Tue Jul 31, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14668

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

Aristotelian, I think you missed the fact that included in that 3.7M is home equity, $1M in other real estate, the kids college funds, etc. Liquid assets are $800K in cash, $380K in a brokerage acct, $110K in Roth IRA, and $725K in 401k/trad IRA. Remember that using your Trad IRA/401k means ordinar...
by cherijoh
Tue Jul 31, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14668

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

@cherijoh - with no additional principal payments, mortgage would be paid off in 21.5 years, or early 2040 (vs Feb. 2042 with no extra payments in the original loan amount) Perhaps one solution is to do a mix of both - invest the cash into the market on a consistent weekly or bi-weekly DCA basis, a...
by cherijoh
Tue Jul 31, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 12579

Re: Joint Ownership of home with second wife

There are lots of ways for couples to operate financially but personally I can’t imagine not being a 50/50 partner in buying a house, and that’s directed at your fiancé, not you sir. I'd add the caveat that both partners have similar incomes. If the OP had earned 3x what his fiancé earned then I th...
by cherijoh
Tue Jul 31, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14668

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

I think you are fine, it's just a matter of detail. Paying off the mortgage takes your portfolio down to $3.2M while reducing your spending to $116k. That gives you a nest egg of about 28X expenses. I think that is pretty solid. If you or your wife can work part time, move to a lower cost area, or ...
by cherijoh
Sun Jul 29, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Firecalc Says No Benefit to a Higher Equity Asset Allocation??
Replies: 47
Views: 4657

Re: Firecalc Says No Benefit to a Higher Equity Asset Allocation??

OP, I read it a bit differently than the others. The graph seems to suggest that you hit the high point (probability of success) once you reach roughly 65% equities (35% fixed income). So to me I'd question why you'd want to increase your equities above that level, as it is not meaningfully increas...
by cherijoh
Sun Jul 29, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Firecalc Says No Benefit to a Higher Equity Asset Allocation??
Replies: 47
Views: 4657

Re: Firecalc Says No Benefit to a Higher Equity Asset Allocation??

Clear benefits....with no additional risk. Seems like an easy call: 100% equities. WOW...if true. Does that pass the sanity test - 100% allocation to equities in the midst of Sequence of Risk period. I would love for this to be true It may be true, but are you sure that it addresses the question yo...
by cherijoh
Fri Jul 27, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford it"?
Replies: 42
Views: 4058

Re: Yet another "can I afford it"?

I'm reaching out to the internet masses to make me feel better about a potential purchase. While my wife feels this is somewhat silly, I really respect the boglehead community's opinion! The statistics: 1.5M allocated for retirement, divided between taxable and pre/post-tax accounts, invested 60/40...
by cherijoh
Wed Jul 25, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 9803

Re: Dealing with HOA Notice

Perhaps some allow the board to withhold parking/pool privileges but again I don't know of any. Yes, that's the sort of thing that I meant was explicitly allowed, not making up penalties on the fly. Some boards have the right to restrict usage of amenities and even cut off utilities if bills aren't...
by cherijoh
Wed Jul 25, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 9803

Re: Dealing with HOA Notice

My board does too - because that is what is permitted in the voted-upon and approved Bylaws. And of course they work with folks when possible. But they cannot invent a punishment that isn't in the bylaws. Prohibiting the use of parking spaces or pool access isn't permitted. Nor are stockades, pillo...
by cherijoh
Wed Jul 25, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 9803

Re: Dealing with HOA Notice

Never having lived in an HOA development (and never will), I can't provide first hand knowledge. I think I'd take a multi-pronged approach. First, I'd get together with the head of the HOA and ask respectfully how I might modify my "stuff" to abide by the rules. Ask him to come to your house. Ask a...
by cherijoh
Wed Jul 25, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: Do you like technical conferences?
Replies: 19
Views: 960

Re: Do you like technical conferences?

I went to one, and given that a lot of the material covered was made available online afterwards, and I wasn't too keen on networking or talking to vendors, it ended up mostly being an excuse to have an expensed trip to another city with nicer weather :wink: Networking is one of the best reasons to...
by cherijoh
Wed Jul 25, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Admiral Fund or ETF for 3-Fund?
Replies: 31
Views: 2142

Re: Admiral Fund or ETF for 3-Fund?

Would like to examine the pros and cons for ETF's vs. Admiral Funds for a new client rolling over mid-6-figure IRA to the Vanguard funds. I'm a TDA client but would transfer to Vanguard if that would provide any advantage. Thx Folks! Keep in mind that, for Vanguard, the ETF and Admiral funds are di...
by cherijoh
Wed Jul 25, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Son Hurt at Summer Camp
Replies: 65
Views: 8123

Re: Son Hurt at Summer Camp

DS was at camp, lost his balance in a hallway filled with maintenance items, landed on one of these items, and sustained an injury that required staples to his leg. The camp, per their policy, sent them to a hospital in an ambulance. The hospital was out of network and I am not sure on the ambulanc...
by cherijoh
Tue Jul 24, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9472

Re: Vanguard Paper on Roth Conversion Analysis

A quick question on how this works for folks who are already retired and thinking about a traditional-to-Roth conversion in an estate planning context. Assuming the marginal tax rate of the heirs will be higher than that of their retiree parents -- and given all of the additional advantages outline...
by cherijoh
Tue Jul 24, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9472

Re: Vanguard Paper on Roth Conversion Analysis

I get how paying taxes on a conversion from a taxable account preserves tax-free space, allowing greater tax-free compounding, but to claim extra benefit when funds come from a tax-inefficient taxable account really takes credit for solving a problem which should have been addressed separately - i....
by cherijoh
Tue Jul 24, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: Daughter wants to travel on her own to Montreal
Replies: 105
Views: 7137

Re: Daughter wants to travel on her own to Montreal

I would recommend learning a few key phrases in French including "Bonjour!" (hello), "Au revoir!" (goodbye), "Ou est la toilette?" (where's the bathroom?) and "Je ne parle Francais - parlez vous Anglais?" (I don't speak French, do you speak English?). I find this approach amazingly helpful since it...
by cherijoh
Tue Jul 24, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9472

Re: Vanguard Paper on Roth Conversion Analysis

I get how paying taxes on a conversion from a taxable account preserves tax-free space, allowing greater tax-free compounding, but to claim extra benefit when funds come from a tax-inefficient taxable account really takes credit for solving a problem which should have been addressed separately - i....
by cherijoh
Tue Jul 24, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: Daughter wants to travel on her own to Montreal
Replies: 105
Views: 7137

Re: Daughter wants to travel on her own to Montreal

My (mature and very responsible) daughter wants to take a 4-5 day trip on her own in August to Montreal before she goes to college. ... Any thoughts? Things to watch out for a 18 yo female? Any other suggestions? I know I have to cut the strings some day but.... OP - I think you should definitely e...
by cherijoh
Sat Jul 21, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17780

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

It's kind of fun to NEVER have to worry about the pay off debt or invest question again. Although I guess there is always the question of "should I borrow to buy this or just pay cash for it." I often wonder why more folks don't suggest saving beforehand in order to pay cash for their home, rather ...
by cherijoh
Sat Jul 21, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17780

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay off the mortgage, once you do that the house is yours and yours only, no one can take it away. What happens if you lose your job? I would be concerned with that since you have a non-working spouse. What ever payments you were making on the house I would funnel that to brokerage. I am in...
by cherijoh
Sat Jul 21, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17780

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I am torn between: 1) Just sending it all to my after-tax brokerage account and buying some low-cost index (like VT) , Or, 2) Using $210K of it to pay off my 30-yr-fixed-3.625% mortgage (28 years remaining on it) and then the remainder (~ $120K) to the after-tax brokerage. - I am already maxing out...
by cherijoh
Sat Jul 21, 2018 9:04 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 75
Views: 11270

Re: I may have understood why it's so hard to save and invest

My portfolio is a beast of its own. It does its thing, I do mine. I can make or lose many thousands of dollars in a day, depending on what the market does. My contributions are mostly meaningless. The beast grinds on. It grows, throws tantrums, shrinks, explodes, sulks, takes off, whatever. In the ...
by cherijoh
Sat Jul 21, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 75
Views: 11270

Re: I may have understood why it's so hard to save and invest

There's little to no instant gratification involved with long-term investing, so if that's what you're looking for (as your post suggests), you need to reorient your approach. If you can learn to 1) make as much of your investing as "set it and forget it" as possible, e.g. by automatically investin...
by cherijoh
Sat Jul 21, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 82
Views: 11256

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

mouses wrote:
Sat Jul 21, 2018 7:39 am
cherijoh wrote:
Thu Dec 28, 2017 6:48 pm
You can check your car by VIN number for recalls here.
This must have some age cutoff, since it does not recognize either of my cars by vin.
Could be. How old is your car? Mine's a 2010.
by cherijoh
Sat Jul 21, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17467

Re: Salary vs. Lifestyle

While I realize that this is a personal choice, I was wondering if others out here have grappled with the "take the pain now, and enjoy more life's later" argument? When I started my business 8 years ago I spent a ton of time...working. I had a lot of business lined up and was making a good deal of...
by cherijoh
Sat Jul 21, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17467

Re: Salary vs. Lifestyle

At every opportunity, I have chosen lifestyle. Once I made enough to pay my expenses and save, I chose shorter commute, predictable and reasonable hours, more vacation, and better benefits over more pay. The two main drivers were stress that caused me to sleep poorly and the desire to have a family...
by cherijoh
Sat Jul 21, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: BB&T banking
Replies: 6
Views: 757

Re: BB&T banking

Does anyone use bb and t banking here. I am getting charged 3 dollars for external transfers to Vangaurd and fidelity for ever transaction...I’m surprised by this and am wondering if other have encountered this or if there is a work around. Thanks as always. OP, assume you are initiating the transf...
by cherijoh
Fri Jul 20, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 4211

Re: Selling mom's house

The house needs some TLC. Before my sister and her kids moved in, it was a nice house (only about 10 years old). After my sister moved in, the house was destroyed and now will take a lot to fix it up (new roof, new cabinets, paint, sheet rock, new decks, etc..) What recourse do we have if she refus...
by cherijoh
Fri Jul 20, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact
Replies: 33
Views: 4305

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

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 recommend, and are guaranteed not ...
by cherijoh
Thu Jul 19, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4662

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

A marginal case when you are both alive may well become advantageous for conversion should one be widowed and have to file at single rates. You ought to look at your income and tax picture for both cases of one out-living the other. In any case, I would like to have a stash of funds available witho...
by cherijoh
Thu Jul 19, 2018 6:28 am
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4662

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 cherijoh
Wed Jul 18, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Buy a vacation home while renting
Replies: 61
Views: 4011

Re: Buy a vacation home while renting

Being able to go spur of the moment (which you say you want to do due to unpredictable schedules) seems at odds with a desire to rent it out when you're not using it. +1 The times that it is easiest to rent (or will rent at the highest price/night) will probably match the times when you are most li...
by cherijoh
Wed Jul 18, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: 35 minute connection for flight, long enough?
Replies: 65
Views: 3902

Re: 35 minute connection for flight, long enough?

35 minutes is very tight. The Denver United terminal is large and even if your first flight is on time you may be a long walk/run from the gate for the second flight. United generally doesn't hold planes even if they have a plane full of connecting passengers come in late. I once got in late to Den...
by cherijoh
Wed Jul 18, 2018 8:18 am
Forum: Personal Consumer Issues
Topic: 35 minute connection for flight, long enough?
Replies: 65
Views: 3902

Re: 35 minute connection for flight, long enough?

I'm booking our Christmas flights. Is a 35 minute connection in Denver long enough? Seems like a close call, but all the other flight schedules are terrible and costly. It's United. Second, I've got a bunch of Chase rewards, should I got through the Ultimate rewards website or transfer to United? s...