Search found 4040 matches

by cherijoh
Sun Sep 10, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Moving Deduction from Remote to Desk Job at Two Different Companies
Replies: 7
Views: 732

Re: Moving Deduction from Remote to Desk Job at Two Different Companies

Hi all, I previously moved from a remote position where I worked 230 miles from HQ to a new job at a new company 10 miles from old company HQ. My commuting distance was zero as a remote employee. My new job is 240 miles from my former home where I worked remotely. I moved as a result of the offer a...
by cherijoh
Sun Sep 10, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Preparing To Adjust 401k To Three-Fund Portfolio
Replies: 11
Views: 999

Re: Preparing To Adjust 401k To Three-Fund Portfolio

It looks like the 2 low ER funds from Aegon are collective trusts (i.e., private mutual funds) - one says "balanced" and the other says "cash management". I would look at those holdings and see if they might work. The "cash management" fund could be a stable value fund which could act as a fixed inc...
by cherijoh
Sat Sep 09, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2306

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by cherijoh
Sat Sep 09, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Credit Card....need to send Drivers License/SS Copies?
Replies: 12
Views: 1257

Re: Applying for Credit Card....need to send Drivers License/SS Copies?

Anyone ever have to send in copies of drivers license/SS card to get a credit card? Applied online, no immediate approval, then received a letter saying they needed those plus copy of utility bill w/ current address to continue the process. No guarantee of approval either. Called them and they said...
by cherijoh
Sat Sep 09, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2306

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by cherijoh
Fri Sep 08, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 91
Views: 7255

Re: Bosch dishwasher?

Assuming CR has data for 10 years on the Bosch, all that is saying is if you had purchased that Bosch 10 years ago, you would have bought one which has stellar reliability data. CR really does NOT have the reliability data on the today's Bosch. That is point which people are just not getting it. Th...
by cherijoh
Thu Sep 07, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 8837

Re: Protecting moms assets from nursing home expenses

The attorney set up a trust 'for the children' which holds the house. I'm the trustee and will use the house if necessary to help my mother. That is pretty risky however, as I could just run off with the house. We know you wouldn't do that as LadyGeek would kick you out of here! You were warned! Bu...
by cherijoh
Thu Sep 07, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: How to Consider Pensions in Allocation Planning
Replies: 8
Views: 711

Re: How to Consider Pensions in Allocation Planning

Hope I'm posting this in the right forum. I'm new here and like what I've read about the 3 fund concept. I'm 71, retired for 9 years, single, and have only one child who will inherit my assets. The career provided a very good, safe government pension that will end when I die. I live on this and sti...
by cherijoh
Wed Sep 06, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 8837

Re: Protecting moms assets from nursing home expenses

Another way, as accurate in my opinion, is asking how to have the taxpayers fund her nursing home expenses so that her family can have and keep her funds. I completely understand the sentiment, and mostly agree with it. But, i do sometimes question whether this is really any different than say mana...
by cherijoh
Wed Sep 06, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 5814

Re: What is the main purpose of holding your current job?

OP, 1.5 -> I like my job but not so much that I am willing to work for free. I work from home. No commute. Plenty of free time for exercise. Pretty decent pay. KlangFool +1 On average I'm a 1.5, but it probably ranges from a 1.25 to 1.75 depending on the current project and the business partners in...
by cherijoh
Wed Sep 06, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth. Is it listed on 1040 as IRA Distribution?
Replies: 51
Views: 2304

Re: Backdoor Roth. Is it listed on 1040 as IRA Distribution?

Believe me, I'm now in the process of finding a new CPA. He's been doing this for like 40 years, but this and a few other issues are the straw that has broken the camel's back for me. So on my 1040, line 15a has "IRA Distributions" Since my wife and I both made a max back door Roth contribution, sh...
by cherijoh
Mon Sep 04, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Denied for Citi Double Cash, but no record of application?
Replies: 18
Views: 2142

Re: Denied for Citi Double Cash, but no record of application?

Since my promotional rewards rate on my Suntrust cash back card has expired, I thought it would be a good time to get a Citi Double Cash card. However, I recieved a rejection message. I called the application support line to learn why and was told there was no record of my application. :annoyed Has...
by cherijoh
Mon Sep 04, 2017 7:52 am
Forum: Investing - Theory, News & General
Topic: Taxable account, all about retirement
Replies: 23
Views: 2860

Re: Taxable account, all about retirement

OP - Putting all your taxable money in cash equivalents with 10 - 15 years until retirement and no identified purchase in mind seems overly conservative to me. Keep in mind that without a mortgage payment you can simply fund a lot of spending out of cash flow. Good point, we will have extra cash fl...
by cherijoh
Sun Sep 03, 2017 3:48 pm
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3829

Re: Things to buy/repair before (early) retirement

DrGoogle2017 wrote:
Sun Sep 03, 2017 11:32 am
I bought brand new car and brand new house 2 years before I retired. Now they are getting to the stage that we need minor fixing.
Buying the house while still working makes sense if there is a mortgage involved. Hopefully by the time you retire you can pay cash for the car.
by cherijoh
Sun Sep 03, 2017 12:14 pm
Forum: Personal Consumer Issues
Topic: repairman broke washing machine, what would you do?
Replies: 42
Views: 4215

Re: repairman broke washing machine, what would you do?

I think you've reached your "life expectancy" with the washer: Reference.com says: Q: How long does a washing machine last? A: It is believed that most washing machines made in the 2000s will last for approximately 7 years while washing machines made earlier, in the late 1900s, will last for approx...
by cherijoh
Sun Sep 03, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: repairman broke washing machine, what would you do?
Replies: 42
Views: 4215

Re: repairman broke washing machine, what would you do?

Would you just ignore it if your car started making a new sound and still ran fine? Change in noise level of any machinery merits maintenance. You could find a relatively inexpensive problem that if neglected could become a catastrophic failure. Of course one option would be to run the noisy machin...
by cherijoh
Sun Sep 03, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: How can I take advantage of a low-income year?
Replies: 23
Views: 2105

Re: How can I take advantage of a low-income year?

To do the conversions (my preference) I would convert to less than the top of the 15% tax bracket($37,950) and sell enough in taxable to pay the conversion taxes while still staying in the 15% bracket. In that way you can sell some in taxable without any tax and still convert a lot. For example, it...
by cherijoh
Sun Sep 03, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: How can I take advantage of a low-income year?
Replies: 23
Views: 2105

Re: How can I take advantage of a low-income year?

Given that my AGI will be zero, it seems like the best approach to contributions is to put $18k into a Roth 401(k) and $5k into a Roth IRA this year, irrespective of the tax gain harvest vs. TIRA conversion question. Would you agree? Would your employer plan allow you to just dump $18k into a Roth ...
by cherijoh
Sun Sep 03, 2017 7:50 am
Forum: Investing - Theory, News & General
Topic: Taxable account, all about retirement
Replies: 23
Views: 2860

Re: Taxable account, all about retirement

Hello, My wife and I will be fortunate to pay off our mortgage shortly and been thinking about investing that payment into a taxable account. We view the taxable account as potential pre-retirement spending although nothing specific planned. We are also and thinking it should have a more conservati...
by cherijoh
Sat Sep 02, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 127
Views: 12607

Re: How I use I-ORP, and who shouldn't

Withdrawal Strategies — I suspected the usual default of most of the planners was not optimum for us. Most planners are static in emptying first taxable accounts, followed by 401K and IRA, and leaving ROTH accounts to the end of plan. This is the "default" only for the uneducated planners (of which...
by cherijoh
Mon Aug 28, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 104
Views: 10801

Re: 85/15 too aggressive at age 35?

That (age-20 in bonds) is at the upper end of my reasonable allocation zone, assuming retirement at 60 - 65. +1 OP - If you are in doubt at all, now (while the stock market is near all-time highs) would be a good time to de-risk a little (e.g., 80/20). We are both 32 and about 85/15. Probably will ...
by cherijoh
Sun Aug 27, 2017 5:56 pm
Forum: Investing - Theory, News & General
Topic: Dividing retirement savings between taxable and tax-advantaged accounts
Replies: 13
Views: 1608

Re: Dividing retirement savings between taxable and tax-advantaged accounts

Also, I expect to have an income of about half my living expenses in retirement, not counting Social Security or savings. As I'm single, these other income sources will bring me close to the 25% tax bracket. Therefore I expect that withdrawals from tax-deferred accounts will be mostly taxed in the ...
by cherijoh
Sun Aug 27, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 91
Views: 7255

Re: Bosch dishwasher?

I bought this model a few months ago at Lowes. I like it for the most part although it took me a little while to figure out the best pattern to load it my use pattern - it was very different from my old cheapo builder-provided one. I pre-rinse since I usually only wash once or twice a week unless I ...
by cherijoh
Sun Aug 27, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7730

Re: School Redistricting - What should we do?

I'm a little confused by the statement that your area's growth has caused the redistricting, but that your home value has dropped significantly. Is that drop due to the redistricting? How big a difference is the school quality? Before making a big decision, may be worth trying to gather more data a...
by cherijoh
Sun Aug 27, 2017 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Advantages/disadvantages of using roth for nonretirement
Replies: 14
Views: 1418

Re: Advantages/disadvantages of using roth for nonretirement

One doesn't typically report their Roth contributions to the IRS. If you use TurboTax, for example, it may ask you about contributions, but it will not fill out a form for you. I believe that you can send in the form, though, if you wish. (8606?) The point to the above is that (by default) the IRS ...
by cherijoh
Fri Aug 25, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Really struggling: advice on accepting this new job offer?
Replies: 31
Views: 3256

Re: Really struggling: advice on accepting this new job offer?

I have a job offer on the table - comp is exactly the same as where I am today. Without getting into detail on personal finances, we are middle class in HCOL area, but we are in no means struggling. Retirement contributions follow boglehead expectations, 529's, insurances, etc, are all in place. On...
by cherijoh
Fri Aug 25, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16853

Re: Jobs that pay over $100,000

Sales or Human Resources. Human Resources? I doubt it - the field has traditionally been "pink collar" which rarely means high salary! Sales is either feast or famine. If you are in the upper echelon of HR at a larger company, you can make >$100K. Most HR professionals do not. One doesn't make it t...
by cherijoh
Fri Aug 25, 2017 6:29 am
Forum: Personal Finance (Not Investing)
Topic: "Why do you want to come here?" Hiring Manager Question
Replies: 19
Views: 3050

Re: "Why do you want to come here?" Hiring Manager Question

I think the more honest you can be about your reasons for thinking you'd enjoy the area the better. Perhaps you grew up in a smaller city but moved to a large city for work, but you always wanted to go back to a smaller city if you could find the right job. If you have no legitimate reason that peo...
by cherijoh
Mon Aug 21, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: How to Undo Backdoor Roth Completely
Replies: 10
Views: 1222

Re: How to Undo Backdoor Roth Completely

Thanks for your replies. I want to roll my 401k to tIRA because the investment options in the 401k are so limited that I expect to lose a lot compared to a tIRA even in the remaining months of this year. That is why I do not want to wait until the next year. I have not considered the superior ERISA...
by cherijoh
Mon Aug 21, 2017 7:07 am
Forum: Personal Consumer Issues
Topic: Little P**S Ants
Replies: 59
Views: 8693

Re: Little P**S Ants

I've usually found that to fix ants in the house you ultimately have to figure out where they are coming from and then bug spray the source and seal the hole off. It almost always works but finding the source takes detective work. You may have to leave them alone a few days and even give them some ...
by cherijoh
Mon Aug 21, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Starting my career on the right foot
Replies: 20
Views: 2779

Re: Starting my career on the right foot

My masters degree will probably cost somewhere in the neighborhood of 10-20k. Be sure and check with your employer to see if they offer any tuition assistance for furthering your education. In some cases you have to complete the class and achieve a certain grade and then they will reimburse you. Si...
by cherijoh
Mon Aug 21, 2017 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Help with trust / spendthrift in-law
Replies: 24
Views: 3635

Re: Help with trust / spendthrift in-law

I have read enough of bsteiner's comments to know that he recommends that inheritances go into a trust to protect against divorce and creditors. The problem though is that if ChildA has access to income or principal from the trust then ChildA can be pressured by his/her spouse to spend the funds in...
by cherijoh
Fri Aug 18, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16853

Re: Jobs that pay over $100,000

Jags4186 wrote:
Fri Aug 18, 2017 2:53 pm
Sales or Human Resources.
Human Resources? I doubt it - the field has traditionally been "pink collar" which rarely means high salary!

Sales is either feast or famine.
by cherijoh
Fri Aug 18, 2017 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 16790

Re: Lost $7000 today in ONE DAY!

pkcrafter wrote:
Thu Aug 17, 2017 8:54 pm
What, did something happen?

Paul
+1
Paul you are a true Boglehead! :happy
by cherijoh
Fri Aug 18, 2017 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Tax question about selling my house
Replies: 17
Views: 1556

Re: Tax question about selling my house

I agree that you should be able to exempt any gain. Just curious, who told who that was incorrect and did they tell you why? Someone here at work that is generally pretty knowledgeable told me that it's only tax exempt if you buy something more expensive and put that money towards it. That person i...
by cherijoh
Fri Aug 18, 2017 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion 5yr Holding Period?
Replies: 20
Views: 2023

Re: Roth Conversion 5yr Holding Period?

The main goal now is to figure out how to minimize tax owed for the conversions. 1. Convert when the markets crash. Really! If you want to convert 100 shares of Fund X at $50 now and next month the shares are worth $25, convert then. I think of it as "stocks (and conversion taxes) are on sale". If ...
by cherijoh
Fri Aug 18, 2017 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion 5yr Holding Period?
Replies: 20
Views: 2023

Re: Roth Conversion 5yr Holding Period?

The main goal now is to figure out how to minimize tax owed for the conversions. 1. Convert when the markets crash. Really! If you want to convert 100 shares of Fund X at $50 now and next month the shares are worth $25, convert then. I think of it as "stocks (and conversion taxes) are on sale". If ...
by cherijoh
Wed Aug 16, 2017 5:54 am
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 5253

Re: Best Housing To Avoid Noise

We started talking about avoiding noise on the 'When does renting make sense' thread. Many mentioned that owning a house does not mean less noise. They pointed out how hard it is to go through the process of selling a house if you get loud neighbors as well as the common experience of seeing that h...
by cherijoh
Sun Aug 13, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 8752

Re: Retire early, live abroad until 65 and come back

I would think it is easier for US born people who are open minded, find it easy to pick up new languages and find a community they fit in wherever they land. You're kidding right? Most older Americans would find it very difficult to learn a new language - especially if they are currently mono-lingu...
by cherijoh
Sat Aug 12, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down home or increase Retirement Contributions
Replies: 21
Views: 1563

Re: Pay down home or increase Retirement Contributions

Hello, Klangfool wrote" "Why would you choose to pay 25% tax in order to save 2.62% interest?" I am unclear what the 25% tax comes from, can you explain briefly? Thank you. I think Klangfool was talking about the pay taxes now vs. later argument and assumed OP is in the 25% marginal tax bracket. Ba...
by cherijoh
Sat Aug 12, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down home or increase Retirement Contributions
Replies: 21
Views: 1563

Re: Pay down home or increase Retirement Contributions

MAX OUT RET PLAN contributions The mortgage will be paid off +1 OP - IMO you are being very short-sighted to focus on eliminating below-market-rate debt over maxing out your retirement plans: Any excess tax-advantaged space that you leave on the table is lost forever. If you pay off your mortgage e...
by cherijoh
Sat Aug 12, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Bough gift cards from cash card.com and somebody else used them all
Replies: 25
Views: 3057

Re: Bough gift cards from cash card.com and somebody else used them all

ddurrett896 wrote:
Fri Aug 11, 2017 4:04 pm
misterno wrote: I can not believe this is happening. So what else can I do now?
I would start with the credit card company used to purchase the cards from cash card.
I think you only have 60 days from purchase to lodge a dispute with your credit card company.
by cherijoh
Sat Aug 12, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: How much Roth conversion?
Replies: 14
Views: 1376

Re: How much Roth conversion?

You might run your numbers in taxcaster. OTOH, you can convert all you want and then recharacterize some of it back to your tIRA before October 2018, so it really doesn't matter what our [TaxCaster's] answer might be. In other words, TaxCaster has so many simplifications that it isn't something you...
by cherijoh
Sat Aug 12, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: RE: Retirement and College Planning
Replies: 17
Views: 1470

Re: RE: Retirement and College Planning

Am I right you only have $70k in retirement accounts at 50 years old? If so you have work to do to fund your retirement in approx 15-20 years and especially if you want to help with kids college. Of course how much you need depends on how much you spend which i don't think you spelled out. Not want...
by cherijoh
Fri Aug 11, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Bernstein's Simpleton's Portfolio
Replies: 40
Views: 4907

Re: Bernstein's Simpleton's Portfolio

We hold four investments: VFIAX - Vanguard 500 Index Fund Admiral Shares VSMAX - Vanguard Small-Cap Index Fund Admiral Shares VTIAX - Vanguard Total International Stock Index Fund Admiral Shares VBIRX - Vanguard Short-Term Bond Index Fund Admiral Shares My wife and I are working towards financial i...
by cherijoh
Thu Aug 10, 2017 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Advice for retiring parent
Replies: 11
Views: 1298

Re: Advice for retiring parent

So, my parents just turned 61 and will be retiring next year. They have accumulated about 750k and have been pretty conservative with their investments throughout the years. I've convinced them over the past 5-6 years that they should at least have some of their portfolio in stocks(about 25%). They...
by cherijoh
Wed Aug 09, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can you switch to Obama care in the middle of cobra period
Replies: 11
Views: 1378

Re: Can you switch to Obama care in the middle of cobra period

I'm a little confused. The qualifying event test only applies for enrolling in an ACA plan outside of the open enrollment period. During an open enrollment period, you can sign up for an ACA plan regardless of whether a qualifying event has occurred. Exhausting one's COBRA eligibility (at the end o...
by cherijoh
Wed Aug 09, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Save to buy home on cash
Replies: 17
Views: 1558

Re: Save to buy home on cash

Hi, I'm just wondering a good answer to this question: If someone wants to save money over about 10 years, to buy a home on cash, where should they put the money every month? (I suspect the answer won't be a total market index because of the time horizon). Thank. why would you want to buy your firs...
by cherijoh
Wed Aug 09, 2017 7:56 pm
Forum: Personal Consumer Issues
Topic: Acadia National Park: Bar Harbor, Maine
Replies: 28
Views: 2633

Re: Acadia National Park: Bar Harbor, Maine

We were there last September and also stayed at Edgewater Motel in one of the cottages. No frills but clean and quiet with a nice view of the lake. It's a nice place, but if we went back (at least at that time of year) we'd probably opt to stay in downtown Bar Harbor. We kept walking by the Bar Har...
by cherijoh
Wed Aug 09, 2017 6:37 am
Forum: Personal Finance (Not Investing)
Topic: kids think lazy if retire?
Replies: 70
Views: 8443

Re: kids think lazy if retire?

First of all, the folks stating that 30X current expenses is light.......I question your sanity and risk tolerance. WIth 30X current expenses @ 50, there is an extremely high probability that the OP will either receive health SS benefits or a pension at FRA. A 3.3-3.5% SWR has a 90-99% success rate...