Search found 4783 matches

by cherijoh
Thu May 10, 2018 7:13 am
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5849

Re: What's the view on dogs running free?

They probably figure its less annoying to you to just go get the dog than to knock on your door then go get the dog. Its one of those things where yes they should have better control of the dog but no its not worth bringing up. EDIT: to the posters below me, calling animal control to have to dog im...
by cherijoh
Tue May 08, 2018 9:02 am
Forum: Personal Consumer Issues
Topic: Can COBRA coverage be extended indefinitely?
Replies: 13
Views: 1388

Re: Can COBRA coverage be extended indefinitely?

While working through some proposals for early retirement, my HR manager mentioned that they have the ability to allow me to continue healthcare coverage for my wife and I under COBRA up until I turn 65. That could be 10-11 years. Does this sound workable? Has anyone else ever heard of this? It wou...
by cherijoh
Tue May 08, 2018 6:35 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3774

Re: Why do so many Americans not own stocks?

There are several reasons. 1. A majority of people have almost no savings at all. Before you can buy stocks you need to save money. This is the most important reason. 2. The return from stocks is much lower for most people than the indexes say due to fees and bad market timing decisions. Specifical...
by cherijoh
Sun May 06, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 8662

Re: What career for smartest kid in the class?

I think there is a lot of selection bias with MBAs. I think a lot of really successful MBAs would have been just as successful in business without the MBA. A lot of people who get an MBA will never see the financial rewards of an average doctor. Especially anyone who gets an MBA strictly because the...
by cherijoh
Sun May 06, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 6630

Re: Pay $2500 in rent or continue living at home

Your post. I edited my previously conciliatory response to be more direct. Did you really not check Zillow before posting so sarcastically? Here's the search results for $500-$1,500 rentals in Manhattan.https://www.zillow.com/homes/for_rent/Manhattan-New-York-NY/12530_rid/125164-375492_price/500-15...
by cherijoh
Sun May 06, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 6630

Re: Pay $2500 in rent or continue living at home

This is a personal question and I’d love to know everyone’s thoughts. I recently got a new job where I’m making a steady income and a higher income. I’ve been living at home bc I simply couldn’t afford rent before and my aunt was sick so I was taking care of her But she’s better now and I like my f...
by cherijoh
Sun May 06, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Fund/Funds for retired person who doesnt rely on the money
Replies: 12
Views: 738

Re: Fund/Funds for retired person who doesnt rely on the money

Hi All, First time poster...welcom me :-) My stepfather (Retired 75yo with 100k+ income from pension/SS) has been dealing with a MassMutual advisor and he has put him in a MassMutual IRA which is a fund of funds... I cant see the actual funds or ERs, but I am sure they are hefty as they are primari...
by cherijoh
Sun May 06, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: I-bond fixed rate = 0.3%
Replies: 62
Views: 7744

Re: I-bond fixed rate = 0.3%

I just feel that the price of the inflation insurance is too high right now, and at this point am not very worried about the probability + consequence of really bad outcomes. Maybe I should be. As I said, I accept that a very rational case can be made for using TIPS (or I Bonds to a limited extent)...
by cherijoh
Sun May 06, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: I-bond fixed rate = 0.3%
Replies: 62
Views: 7744

Re: I-bond fixed rate = 0.3%

According to Bloomberg, 5 year TIPS have a yield of 0.72%. Why would I sign up for Ibonds at 0.3%. If I intend to hold longer, 30 year TIPS yield 0.94%. 5 year TIPS look pretty good to me, perhaps better than a 3% CD. Tips are great for a tax-advantaged account, but not so much in taxable. From thi...
by cherijoh
Sun May 06, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Advice/Recommendation
Replies: 13
Views: 1513

Re: Pension Advice/Recommendation

A couple of considerations to think of. If you take the annuity then it would provide about $1,200 a year in taxable income. Many people find that it makes sense to do Roth conversions up to the top of the 12% federal tax at least until they start Social Security. In some situations taking the annu...
by cherijoh
Sun May 06, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Advice/Recommendation
Replies: 13
Views: 1513

Re: Pension Advice/Recommendation

After 35 years with my company. I will officially be retiring on July 1. :D I have began the paperwork process with my Fortune 200 employer and I am looking for advice/recommendations for two decisions I will have to make. My pension options are more limited than others I have read about, so hopefu...
by cherijoh
Sun May 06, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9160

Re: Does it make sense to rent as a retiree?

In addition to aggravation like the above, most people do not consider renting as nice a place to live in as they would for purchase. People sometimes say, well I can sell my 500K house and rent this house in another place that rents for only 1K/month ... look at the savings! But that 1K/month plac...
by cherijoh
Sun May 06, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9160

Re: Does it make sense to rent as a retiree?

Seems like renting would allow for more flexibility, better control of expenses (no surprise expenses) and lower expenses when you live in pricey areas with high taxes and assessments for condos. Additionally, you could sell your house and have a larger portfolio. Selling my house would yield about...
by cherijoh
Sun May 06, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Resignation letter
Replies: 66
Views: 6813

Re: Resignation letter

The only reason why the boss wanted her to stay was bc she is an extremely productive employee and her stay enables her boss to continue to take it easy for awhile longer. Due to the circumstances she did not get a counter offer. However she felt that she was being abused and taken advantage of at ...
by cherijoh
Sun May 06, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax not allowed to consider Qualified Dividends?
Replies: 15
Views: 1148

Re: Estimated Tax not allowed to consider Qualified Dividends?

What about this situation: I have a job and withhold enough from my paycheck to cover taxes due from that job. Earn roughly say $275k I also have part ownership in a partnership that will pay a single distribution at the end of the year, say $125k. This may result in my AGI higher than past years. ...
by cherijoh
Sun May 06, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax not allowed to consider Qualified Dividends?
Replies: 15
Views: 1148

Re: Estimated Tax not allowed to consider Qualified Dividends?

After looking over the Form 1040-ES estimated tax instructions (not just the worksheet), I now see that a tax penalty can be avoided by paying 100% of the previous year's tax, so long as it covered all twelve months. If dividends are steady from year-to-year, which they are never guaranteed, then p...
by cherijoh
Sun May 06, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Resignation letter
Replies: 66
Views: 6813

Re: Resignation letter

The only reason why the boss wanted her to stay was bc she is an extremely productive employee and her stay enables her boss to continue to take it easy for awhile longer. Due to the circumstances she did not get a counter offer. However she felt that she was being abused and taken advantage of at ...
by cherijoh
Sun May 06, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Mobile Deposit Gone Wrong
Replies: 19
Views: 2883

Re: Mobile Deposit Gone Wrong

Six months later? Checking your account more regularly would be a good idea like every week. Banks and people make mistakes fairly often. Do you have more than one bank that you use a mobile app for? and the same for credit cards. A long term friend confided that someone had been dinging one of his...
by cherijoh
Sun May 06, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Mobile Deposit Gone Wrong
Replies: 19
Views: 2883

Re: Mobile Deposit Gone Wrong

Six months later? Checking your account more regularly would be a good idea like every week. Banks and people make mistakes fairly often. Do you have more than one bank that you use a mobile app for? and the same for credit cards. A long term friend confided that someone had been dinging one of his...
by cherijoh
Sun May 06, 2018 9:10 am
Forum: Personal Consumer Issues
Topic: Real estate agents - claim thousands of ready buyers??
Replies: 19
Views: 1715

Re: Real estate agents - claim thousands of ready buyers??

In this area (Washington DC) there are two heaily radio advertised agents that claim: 1. Each has thousands of ready buyer (one claims over 8,000 and another over 5,000) 2. Each claims to sell faster than average AND higher than average sales prices 3. Each claims thay will BUY the house f it does ...
by cherijoh
Sat May 05, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: Paying down your mortgage as a way to balance your portfolio?
Replies: 72
Views: 4181

Re: Paying down your mortgage as a way to balance your portfolio?

I’m going to ask this here. How do folks get past the amount of interest on a mortgage? I have 200k @ 3.875% for 30 years. So around $130k in interest (ballpark from my tired memory). I’ve made 5 payments (a few with extra $$) and am down to 193k. I feel comfortable accelerating at a 20 year pace t...
by cherijoh
Sat May 05, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: Paying down your mortgage as a way to balance your portfolio?
Replies: 72
Views: 4181

Re: Paying down your mortgage as a way to balance your portfolio?

IMHO paying down your mortgage unbalances your portfolio. It concentrates a larger percentage of your net worth in a single, illiquid real estate asset. If you buy bonds or equities with the money, your net worth when you make the investment is the same, but it is diversified into more assets, and ...
by cherijoh
Sat May 05, 2018 9:07 pm
Forum: Investing - Theory, News & General
Topic: Paying down your mortgage as a way to balance your portfolio?
Replies: 72
Views: 4181

Re: Paying down your mortgage as a way to balance your portfolio?

You may not consider it so but it is an important part of most people's wealth. Taking on ownership of a house has a huge impact on personal finances and cash flow. For example (on the asset side) you don't have to pay rent. You get to participate in it's growth in value either thru selling it and ...
by cherijoh
Sat May 05, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: Paying down your mortgage as a way to balance your portfolio?
Replies: 72
Views: 4181

Re: Paying down your mortgage as a way to balance your portfolio?

Watty wrote:
Sat May 05, 2018 9:48 am
As mentioned a low interest rate mortgage can be an inflation hedge but on average people move about every seven years so you really can't count on that.
I'm not sure where you got your 7 year number. Per this article it is almost double that.
by cherijoh
Sat May 05, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: Paying down your mortgage as a way to balance your portfolio?
Replies: 72
Views: 4181

Re: Paying down your mortgage as a way to balance your portfolio?

Paying down your mortgage as a way to balance your portfolio? I think of it in a very different way. Often we think of our portfolios from the perspective of a balance sheet (e.g. "what's my net worth?", "how much do I have in retirement savings?", etc.). However, most people experience life from t...
by cherijoh
Sat May 05, 2018 8:25 am
Forum: Investing - Theory, News & General
Topic: Paying down your mortgage as a way to balance your portfolio?
Replies: 72
Views: 4181

Re: Paying down your mortgage as a way to balance your portfolio?

It does not make any sense to pre-pay a 3% mortgage. I agree it does not make any financial sense to pre-pay a 3% mortgage. But many have told us that paying off the mortgage made good emotional sense for the ones who did it. I'm not disagreeing with you about how many people view the goal of payin...
by cherijoh
Sat May 05, 2018 7:52 am
Forum: Investing - Theory, News & General
Topic: Paying down your mortgage as a way to balance your portfolio?
Replies: 72
Views: 4181

Re: Paying down your mortgage as a way to balance your portfolio?

Not long ago, on this forum, I read a thoughtful post about how it might not make sense to buy bonds/cds if you still owe on your mortgage. i.e. since it's about the same rate, you might as well pay down your mortgage. Do Bogleheads agree with that, and if so, could you look at putting extra cash t...
by cherijoh
Sat May 05, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: How much can I spend on a house?
Replies: 14
Views: 2115

Re: How much can I spend on a house?

I am looking for a condo and just put an offer on one that was outbid (this was the first offer I’ve made—first place I’ve seen in a year that meets all my criteria). My agent said “Offer what you can afford,” and I realized that I wasn’t sure how high I could go. I am currently renting and live in...
by cherijoh
Fri May 04, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 18465

Re: Ed. Jones rep didn't like our plan, now we're locked out

. . . OP here. Yes, we were told the Vanguard fee waiver would be permanently applied to our account so that each time we invested in Vanguard Funds the $76 purchase fee would not apply. This agreement was verified both in email and over the phone with a promotion specialist and over the phone with...
by cherijoh
Tue May 01, 2018 11:05 am
Forum: Investing - Help with Personal Investments
Topic: How do you know when you have "won the game"?
Replies: 142
Views: 15941

Re: How do you know when you have "won the game"?

OP: Plan was to retire at 55 with 3.5M but my company had a re-org and I had a pay cut so I decided to quit and retire at age 52 with 3M in Dec 2016. 3M did not include Kids' college education(separate in 529) and paid off house value about 700K. The way I calculated winning the game was - have 3% ...
by cherijoh
Tue May 01, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Checking Reasonableness on Home Purchase
Replies: 9
Views: 1000

Re: Checking Reasonableness on Home Purchase

Only big question: how big is your emergency fund? And do you have disability ins and life ins? Make sure you can keep the house if bad things happen. +1 You need to evaluate your emergency fund in light of your new higher expenses. For example, if you had 6 months in your EF based on your old expe...
by cherijoh
Sun Apr 29, 2018 10:48 pm
Forum: Personal Consumer Issues
Topic: Preventing Smoke from Seeping In
Replies: 22
Views: 2333

Re: Preventing Smoke from Seeping In

Is the neighbor smoking indoors or outdoors? Is this room anywhere near the neighbors deck or patio? Is it warm enough that they have their windows open? You could have air being sucked in from leaks around your windows. I've notice a slight cigarette smoke smell in my car when the car ahead of me h...
by cherijoh
Sun Apr 29, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Services that offer to buy your house?
Replies: 22
Views: 2595

Re: Services that offer to buy your house?

My opinion is that you shouldn't use them if you want to maximize the amount you receive from your property. They will typically max out at 65-70% of whatever price they think they will get when they turn around and sell it using a real estate agent minus all of the repair costs to get it to that p...
by cherijoh
Sun Apr 29, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: can't login to vanguard this a.m.
Replies: 17
Views: 1332

Re: can't login to vanguard this a.m.

Anyone else having a hard time logging into their Vanguard acct? I have tried several times over the span of the last 90 mins without success. I was able to login with no problem. When you experience an issue like this, be sure and clear your internet cache, restart your computer (which will clear ...
by cherijoh
Sun Apr 29, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed and waay out of my league
Replies: 41
Views: 5458

Re: Newly widowed and waay out of my league

I am so sorry for your tragic loss. I know this is a very hard time for you. As others have stated, you should not make any major decisions for at least 6 months and perhaps longer. Grieving people go through spells where they are not thinking clearly. This is normal in grief and why it is dangerou...
by cherijoh
Sun Apr 29, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card for International Travel
Replies: 28
Views: 1873

Re: Credit Card for International Travel

I have the Bank of America Travel Rewards card and have been very satisfied with it. It is widely accepted and has no foreign transaction fee. Rewards at 1.5 points per dollar on all purchases. If you have a BofA checking account and deposit your points there you get a 10% bonus. If you are a Prefer...
by cherijoh
Sat Apr 28, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: 300k vs 500k house?
Replies: 32
Views: 4667

Re: 300k vs 500k house?

Experienced BHs:: Situation: Currently we have ~$300k house (almost paid off) and was bought few yrs ago, fully expecting at that time we will move into a bigger(additional 800-1000 sq ft) ~ $500k house. It’s been few yrs (4~6) now in $300k house and I feel uncomfortable going for $500k house due t...
by cherijoh
Sat Apr 28, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Advice for too much dry powder and inherited roth
Replies: 6
Views: 638

Re: Advice for too much dry powder and inherited roth

[/color]02394 time=1524886385 user_id=134105] I have a "problem" and am seeking input. Overall Total Portfolio - mid 7 figures. Own home in HCOL area. married with 2 young children Income: combined 500k Contributions We max 401k and 457 annually We backdoor 2 Roths annually. I defer ~70k in pension...
by cherijoh
Sat Apr 28, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Do you sell or donate unused items?
Replies: 46
Views: 2995

Re: Do you sell or donate unused items?

I also donate or discard, for the same reasons others have listed. It also seems to me that there's generally been a shift over time and as our society has become inundated with 'stuff'. There's so much of it now that any given household's batch of detritus simply isn't worth much. That means it's ...
by cherijoh
Fri Apr 27, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: More aggressive portfolio with a pension?
Replies: 42
Views: 3947

Re: More aggressive portfolio with a pension?

I’m about 6 yrs out from retirement and have a pension that will probably provide for about 40% of my retirement expenses. There is no consensus but one thing that that people often overlook is that until you actually start the pension there is a chance that you might not actually work and accrue t...
by cherijoh
Fri Apr 27, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: More aggressive portfolio with a pension?
Replies: 42
Views: 3947

Re: More aggressive portfolio with a pension?

I assume your pension will have a COLA. You didn't answer above, but will you also receive Social Security? I'm not the OP, but I'm fairly certain that being 6 years away from retirement means he/she has a FERS pension rather than one under the old Civil Service system. (The switch over occurred fo...
by cherijoh
Fri Apr 27, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9844

Re: How did you tell the boss you're leaving/retiring?

At my company, the elected retirement date is commonly sometime the last week of June. Many people use accrued vacation leave to have their last day sometime in April. Accrued SL is used to add to your service credit. So if you have 19 years and 7 months of service, and you have 5.5 months of SL ac...
by cherijoh
Thu Apr 26, 2018 8:38 pm
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9844

Re: How did you tell the boss you're leaving/retiring?

PS - one month severance pay per year of service?? On which planet is this company? 1 month/ year of service does sound excessive. But I did receive a graduated severance package from a former employer: years 1 - 5: 1 week salary/year of service years 6 - 10: 2 weeks salary/year of service years 11...
by cherijoh
Thu Apr 26, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9844

Re: How did you tell the boss you're leaving/retiring?

I was being punished very publicly for refusing to work 12 hour days on the previous weekend with no pay, even though "everyone else always did it". I was supposed to get my quarterly evaluation (my first) that day, but the time for it came and went. My director (the one who had been verbally abusi...
by cherijoh
Thu Apr 26, 2018 8:51 am
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9844

Re: How did you tell the boss you're leaving/retiring?

MegaCorp offered a bonus for key employees that gave up to one year notice of your retirement, thinking that would give them a leg up on planning for your succession and allow you to train a replacement. So I did. About 11 months after I gave 1 year notice, they still hadn't identified a replacemen...
by cherijoh
Thu Apr 26, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9844

Re: How did you tell the boss you're leaving/retiring?

I've known for quite a while that it's time to retire but I don't know how my boss is going to react. Boss is very unpredictable and may make me feel uncomfortable with my decision. I'm obsessing on how this conversation will go and I am frozen in inaction. How did you handle this conversation? How...
by cherijoh
Wed Apr 25, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 6551

Re: Who benefits from "best and final offer" on condo?

I am curious about the reasoning behind "best and final" offer requests when purchasing a home. We put an offer in for a condo at $1.25m, all cash, no contingencies. We were confident in the condo being an excellent fit. The asking price was $1.19m. After filtering out many offers, they got down to...
by cherijoh
Tue Apr 24, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10581

Re: Salary Negotiation gone sour

Honestly if the bonus is guaranteed, as was told to me, I don't see much of a difference between higher base lower bonus target and vice versa. If there were performance based conditions on the bonus that would make sense, but seeing as there weren't I don't see a difference except for timing. That...
by cherijoh
Tue Apr 24, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10581

Re: Salary Negotiation gone sour

They offered you nearly $100k total comp. I’m not sure what is wrong here. And you countered their counter with a difference of about $1K in total comp. As a hiring manager I would have walked. I think you hit the nail on the head. The OP was thinking the salary band was up to $100k where the emplo...
by cherijoh
Tue Apr 24, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17698

Re: Can I retire at age 40?

Despite being extremely motivated and achieved FI early, my wife is giving me the crap like the poster who thinks the thread is hilarious. I am bringing in freelance income on top of that - she wants me to continue working in my IT position so that she doesnt feel out of the way with everybody else...