Search found 4223 matches

by cherijoh
Sun Apr 14, 2013 11:54 am
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads exchange currency?
Replies: 28
Views: 3669

Re: How do Bogleheads exchange currency?

The ATM at the airport when you arrive is likely cheaper than getting Euros in advance, however not necessarily the most convenient if you are arriving at the same time as several large international flights . I therefore try have sufficient funds in the local currency to at least get me to my first...
by cherijoh
Fri Apr 12, 2013 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: $100k available - to buy 2nd house or not
Replies: 15
Views: 1373

Re: $100k available - to buy 2nd house or not

Your living heir, if 94, will not be alive for long, so if being near your living heir is a factor, I would suggest renting. If it is not a factor, and if MS is truly the place you want to spend your summers, I would still rent, to get to know the communities and if you really want to be there in t...
by cherijoh
Thu Apr 11, 2013 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pension option: [Defined Benefit vs. Defined Contribution]
Replies: 19
Views: 1562

Re: Pension option: [Defined Benefit vs. Defined Contributio

IF you stick with this company until retirement AND they keep the DB as it is currently described , I agree that the DB is the way to go. However, there are several significant caveats: 1) If you leave the company in advance of retirement, your benefit gets frozen for both years of service AND final...
by cherijoh
Thu Apr 11, 2013 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for Surgicenter bill for colonoscopy
Replies: 45
Views: 7056

Re: Advice for Surgicenter bill for colonoscopy

I had a colonoscopy late last year. My healthcare plan considered it "preventative" care (one allowed every 10 years) which means under my plan that they pay at 100%. It was done out-patient at a surgery center. My primary care physician's office provided a referral to two centers; I recei...
by cherijoh
Tue Apr 09, 2013 4:50 pm
Forum: Personal Consumer Issues
Topic: [Visiting] Oahu
Replies: 32
Views: 4143

Re: Oahu

I very much enjoyed the tour of Iolani Palace. The Hawaiian history was fascinating. Our tour guide was an older Hawaiian woman - she said she was 78 (I think) but she was awfully spry for that age.
by cherijoh
Sun Apr 07, 2013 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: ACH transfer *from* a Vanguard account?
Replies: 8
Views: 1666

Re: ACH transfer *from* a Vanguard account?

On the Vanguard site, go to account maintenance. This will allow you to set up an ACH with a bank (either going into or coming out of the bank account). This can be one-time or reoccuring. I haven't tried this for any tax advantaged account - just a normal checking account. As a security feature the...
by cherijoh
Sun Apr 07, 2013 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Quick 401k vs Debt question
Replies: 7
Views: 938

Re: Quick 401k vs Debt question

One thing that you should consider when making this decision is the quality of your 401-K plans - are there good choices such as low expense ratio index funds? If so that would give additional weight towards maxing out your 401Ks. If there are only poor selections with high expense ratios then I wou...
by cherijoh
Sat Apr 06, 2013 1:00 pm
Forum: Personal Consumer Issues
Topic: Traveling to Europe for the first time...need help!
Replies: 67
Views: 16402

Re: Traveling to Europe for the first time...need help!

Again, thanks for all the wonderful advice. I'm trying to soak it all in. Here's where I'm becoming extremely frustrated. I would love to fly 'open-jaw' to keep from essentially having to double back around to fly back home from the same city I flew into. However, comparing one way to round trip fl...
by cherijoh
Fri Apr 05, 2013 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Year of Death RMD
Replies: 9
Views: 2503

Re: Year of Death RMD

My brother & I inherited my Mom's Vanguard IRA several years ago. We split the IRA into 2 inherited IRA's and then each took a distribution equal to half of her required distribution in year of her death.
by cherijoh
Wed Apr 03, 2013 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' accomplishments
Replies: 72
Views: 7380

Re: Bogleheads' accomplishments

In terms of wealth, better than I expected. In terms of income, worse. That describes me as well. "Stay the Course" has served me well. However, my salary is down at least 10% in nominal dollars from where it was 10 years ago (at a different employer in a different field). Fortunately, my...
by cherijoh
Sat Mar 30, 2013 10:23 am
Forum: Investing - Help with Personal Investments
Topic: backdoor roth IRA
Replies: 14
Views: 2799

Re: backdoor roth IRA

Check out this section of the Boglehead's Wiki: http://www.bogleheads.org/wiki/Backdoor_Roth_IRA
by cherijoh
Fri Mar 29, 2013 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: How do you set your saving goals and find a balance?
Replies: 40
Views: 3444

Re: How do you set your saving goals and find a balance?

The key to a successful investment plan is to live well below your means and have an adequate cushion for emergencies. I think you have that covered, so I wouldn't sweat the details of whether a 3% annual increase in your savings rate is sufficient. It is really hard to predict where you will be in ...
by cherijoh
Wed Mar 27, 2013 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Fraud Dept called me. Closed cc account
Replies: 24
Views: 6225

Re: Capital One Fraud Dept called me. Closed cc account

I had a credit card compromised in December. Instead of my CC company calling me it was Newegg asking if I had purchased a video gaming system. I told them no and asked them for the last four digits on the card. I checked online and found a second fraudulent charge from gamestop.com two days earlier...
by cherijoh
Sat Mar 23, 2013 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Left Employer, 401k Questions r.e. Contributions & Rollover
Replies: 27
Views: 4511

Re: Left Employer, 401k Questions r.e. Contributions & Rollo

Plans can make a distribution automatically, but it must be below a certain dollar threshhold. I'm not sure if this is an IRS limit or just whatever the plan specifies. According to the plan documents for my plan, after you quit they send you a package of information about distribution options. Howe...
by cherijoh
Sat Mar 23, 2013 1:47 pm
Forum: Personal Consumer Issues
Topic: Gift card for cyclist
Replies: 22
Views: 1375

Re: Gift card for cyclist

Take a look at REI - they have a website (m) as well as retail stores. If you have a store nearby, you can order online and ship it for free to an REI store for pick-up as well as make returns to the store. You can also get free shipping for purchases over $50. Also, they guarantee merchandise 100%:...
by cherijoh
Wed Mar 20, 2013 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Employer Match Increasing Scale???
Replies: 7
Views: 4657

Re: 401k Employer Match Increasing Scale???

The company where I work funds a % of salary whether or not you contribute plus matches at 100% of up to 5% of salary that employees contribute to 401k. The employee "match" is fixed, but the employer "direct" contribution depends on years of service. The plan is administered by ...
by cherijoh
Wed Mar 20, 2013 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Question about ROTH and 401K contributions
Replies: 5
Views: 897

Re: Question about ROTH and 401K contributions

Personally I think it is always wise to to diversify your portfolio based on the tax status - tax deferred (Trad IRA or 401K), tax exempt (Roth IRA or 401k), and taxable funds so that you can optimize your withdrawal status depending on your personal circumstances in retirement. I certainly don't wa...
by cherijoh
Thu Mar 14, 2013 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax questions
Replies: 12
Views: 1393

Re: Tax questions

I don't use Tax Act so I can't comment on how it handles the estimated tax payment. The voucher for the fourth quarter of estimated taxes for 2012 is due on January 15, 2013. Logic would tell me you should be entitled to apply the estimate to your 2012 taxes if you made the payment on a timely basi...
by cherijoh
Thu Mar 14, 2013 5:14 pm
Forum: Personal Consumer Issues
Topic: europe trip
Replies: 62
Views: 8430

Re: europe trip

One of my favorite visits in Europe is Switzerland. Lots of mountains and lakes and stuff. However, no one would call Switerland a bargain ! This summer I am doing a Viking cruise in Germany (my second cruise with them). I would not recommend it for a family with kids your age - it is totally diffe...
by cherijoh
Mon Mar 11, 2013 8:36 pm
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 31914

Re: What's your number? Why?

The point here isn't that you have to buy a real life annuity at retirement, you don't. It is instead that a real life annuity is the best way to price your retirement. For example, if your retirement plan calls for your portfolio to generate $30,000 per year in retirement income, then the size of ...
by cherijoh
Sun Mar 10, 2013 10:37 am
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 31914

Re: What's your number? Why?

It has been great to read everyone's responses on here and see the various ways people calculate the "number" (or not). After reading through, it makes me feel OK at age 29 to not really have one. Especially with the uncertainty of expenses that children throw into the mix if we decide ha...
by cherijoh
Sat Mar 09, 2013 7:59 pm
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 31914

Re: What's your number? Why?

The point here isn't that you have to buy a real life annuity at retirement, you don't. It is instead that a real life annuity is the best way to price your retirement. For example, if your retirement plan calls for your portfolio to generate $30,000 per year in retirement income, then the size of ...
by cherijoh
Fri Mar 08, 2013 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: how employer's fund selection affects 401k performance
Replies: 10
Views: 1099

Re: how employer's fund selection affects 401k performance

Good article Larry! I am lucky that my current employer offers 4 Vanguard index funds + TIPS in the institutional class (equivalent or lower expenses than Admiral class). We do get nicked for a "record keeping fee" but it isn't huge. The other options are a series of 10 target retirement f...
by cherijoh
Fri Mar 08, 2013 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stay or go thoughts [retire early]
Replies: 35
Views: 3396

Re: Should I stay or go thoughts [retire early]

A few of you have asked for some additional info, so let's keep this going just for fun. "If nothing changes" and we maintain the course and the market returns 6% annually we will have approximately $1,100,000 total in our SEP, 401k and roths at age 52. I do not have a pension so our sole...
by cherijoh
Fri Mar 08, 2013 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stay or go thoughts [retire early]
Replies: 35
Views: 3396

Re: Should I stay or go thoughts [retire early]

I will have a pension from a previous job that I left at age 45. I could start drawing the pension at 55 but would then take a 20% haircut. It will ramp up to the full amount by age 60 (the actual amount of pension I would get changes monthly during the ramp up period). I am currently employed at an...
by cherijoh
Fri Feb 22, 2013 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise! New credit card with your refi
Replies: 10
Views: 1011

Re: Surprise! New credit card with your refi

Interesting take on deepening the relationship with customers that you want to keep long term. I am curious - did you already have a credit card with this bank or just checking, savings, etc? If so, was it your primary credit card? I'm trying to see if they are cannabalizing their own credit card bu...
by cherijoh
Fri Feb 22, 2013 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Another spouse left in charge
Replies: 14
Views: 1742

Re: Another spouse left in charge

I'm a little confused by the numbers in His 401-k: His 401k (26% of total investments) Company match – 50% of the first 8% (vests over 5 years – 2 years in): Vanguard Explorer Fund Investor Shares 1% Vanguard Extended Market Index Fund Investor Shares 1% Vanguard Growth and Income Fund Investor Shar...
by cherijoh
Sat Feb 16, 2013 3:23 pm
Forum: Investing - Theory, News & General
Topic: The Biggest Financial Asset in Your Portfolio
Replies: 53
Views: 5850

Re: The Biggest Financial Asset in Your Portfolio

I find the statement below amazingly over-simplistic - especially in light of the recent financial crisis: You have a surprising degree of control over your human capital, unlike the financial markets. I know a number of people who were entering their "peak earning years" (maximum human ca...
by cherijoh
Sat Feb 16, 2013 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help me, help my dad and his wife
Replies: 9
Views: 984

Re: Help me, help my dad and his wife

I don't know if it is possible, but could you talk to your dad's wife about your concerns that you may not be able to fulfill your Dad's requests? She clearly has a vested interest in not having financial problems should your father pass. Since you dad is so incommunicative, could you encourage them...
by cherijoh
Fri Feb 15, 2013 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice-Tax Efficient Fund Placement & Simplification
Replies: 4
Views: 609

Re: Seeking advice-Tax Efficient Fund Placement & Simplifica

I have several funds that appear in more than one type of accounts (taxable/rollover IRA/ROTH/inherited IRA) to allow for easy rebalancing. But to answer the simplification question, I consider the number of unique funds I own. You look fine on the front, although I do wonder why you have two separa...
by cherijoh
Mon Feb 11, 2013 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Poor couple looking for retirement IRA advice
Replies: 42
Views: 7820

Re: Poor couple looking for retirement IRA advice

One more point: check your tax forms, and in particular, look at the limits on IRS Form 8880: m If you can get your income for 2012 to $34,500 or less, then you qualify for the maximum 50% Saver's Credit, which could wipe out your entire tax bill. A married couple with $34,500 in income, reduced by...
by cherijoh
Sat Feb 09, 2013 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax Help for] Early Roth IRA distribution
Replies: 7
Views: 1921

Re: [Tax Help for] Early Roth IRA distribution

Thank you for responding. Yes, I am under 59.5. I understand the 10k limit for the home purchase and I understand the tax-free and penalty-free status on regular contributions. My confusion is how to handle the amount rolled over from the Roth 401k into the Roth IRA. The IRA had been open for aroun...
by cherijoh
Sat Feb 09, 2013 10:05 pm
Forum: Personal Consumer Issues
Topic: Car purchase. Need to consider seat height.
Replies: 18
Views: 20260

Re: Car purchase. Need to consider seat height.

The front passenger seat on my Ford Fusion adjusts in height similar to the driver's seat and falls in your specified sweet spot.

C
by cherijoh
Sat Feb 09, 2013 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Helaine Olen: Pound Foolish
Replies: 73
Views: 15644

Re: Helaine Olen: Pound Foolish

As I mentioned, I've not read her book. I think I can say, correctly, that the word "latte" was never mentioned in the 55 minute C-Span interview I watched earlier this evening, though I cannot swear to it. If Ms. Olean actually suggests that saving money by cutting back on one's lattes, ...
by cherijoh
Sat Feb 09, 2013 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable income, Capital Gains and Qualified Dividends
Replies: 18
Views: 4962

Re: Taxable income, Capital Gains and Qualified Dividends

It actually helps to fill out the worksheet to calculate QDiv and LT Capital Gains. It seems like gibberish if you look at the worksheet in it's entirety, but is actually fairly simple to do if you follow it one line at a time. If you are comfortable with Excel formulas, it is pretty simple to recre...
by cherijoh
Fri Feb 08, 2013 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Home refinance / GFE questions
Replies: 16
Views: 1120

Re: Home refinance / GFE questions

That seems very odd. For a refinance the starting point should be what you currently owe on your exisiting mortgage. To that you add any home equity you are pulling out (if they still do that these days) + any fees involved for the refi that you are rolling into the loan. That should give you the ne...
by cherijoh
Fri Feb 08, 2013 9:25 pm
Forum: Personal Consumer Issues
Topic: Dollar Bill Smaller in Both Dimensions
Replies: 20
Views: 7217

Re: Dollar Bill Smaller in Both Dimensions

There are actually people who wash and iron their dollar bills, so that they're clean and crisp. You may have received one of these bills. Is this really true? I have never ironed my money, but I often forget to check pants pockets and have washed and dried quite a few $1 bills! But I must admit th...
by cherijoh
Fri Feb 08, 2013 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Confused, Vanguard says I'm not getting a 1099-R
Replies: 9
Views: 828

Re: Confused, Vanguard says I'm not getting a 1099-R

Schwab has already given you a 1099-R. Vanguard should give you a Form 5498. It may have been included in the last statement of the year. I have always gotten the form 5498 in May of the following year - I think it is related to being able to make IRA contributions up to 4/15 of the following year....
by cherijoh
Wed Feb 06, 2013 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Income tax withheld for wrong state, how to file?
Replies: 20
Views: 5764

Re: Income tax withheld for wrong state, how to file?

If you moved before you started earning those paychecks, then you are correct that you should have no earned income for MN, even though state taxes were withheld. The correct thing to do would be to file a part-year resident return for MN and a part-resident return for CO that correctly allocate th...
by cherijoh
Wed Feb 06, 2013 6:25 pm
Forum: Investing - Theory, News & General
Topic: Anybody purposely loading up on mortgage debt?
Replies: 107
Views: 11659

Re: Anybody purposely loading up on mortgage debt?

zotty wrote:It doesn't get mentioned much, but outright home ownership of your family home is one of the best asset protection moves you can make with taxable money.


Zotty must live in one of those states where you can shelter your home (no matter what the value) from creditors.
by cherijoh
Sat Feb 02, 2013 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take the full-time offer? Results!
Replies: 43
Views: 4751

Re: Should I take the full-time offer?

It is probably more complex because of the class prep hours, but I think it is illegal to classify a full-time employee as part-time to avoid paying full benefits. Haven't there been law suits against Walmart for such practices? It does sound like your boss was trying to pull a fast one over on you ...
by cherijoh
Sat Feb 02, 2013 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: 15yr vs 30yr Mortgage Question
Replies: 37
Views: 2893

Re: 15yr vs 30yr Mortgage Question

I am normally a fan of 15 year loans. However, in your situation, the massive student loan debt at 5.8% weighs in favor of the 30 year term. In terms of looking at "total interest paid" I think you need to take a holistic approach and also consider the student loans. Doing that, it become...
by cherijoh
Fri Feb 01, 2013 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: The High Cost Of Index Funds (for me)
Replies: 20
Views: 3365

Re: The High Cost Of Index Funds (for me)

It may seem counterintuitive - but if you do have a low enough taxable income, take advantage by selling when the market dips . I did this when the market tanked a few years ago to move from no-load, but actively-managed mutual funds to index funds. These funds, at their peaks, had considerable embe...
by cherijoh
Fri Feb 01, 2013 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 199
Views: 34697

Re: Two Comma Club

Congratulations. Buy one of these on E-bay and you can be in the 4 comma club... http://i.ebayimg.com/t/100-Trillion-Zimbabwe-UNC-2008-Pick-91-Rhodesia-/00/$(KGrHqMOKicE3326-5RsBOFdJsMUPQ~~_12.JPG m This reminds me of a business trip I took to Argentina during their hyperinflationary period in the ...
by cherijoh
Fri Feb 01, 2013 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) corrective distribution for HCE
Replies: 12
Views: 6007

Re: Highly Compensated Employee ?

Does her plan include an option to put in after-tax dollars? At a former employer, we could put in up to 15% of our salary, but were limited in pre-tax dollars to the current IRS limit or the maximum for highly-compensated employees (if that applied). The remainder (i.e., after-tax contributions) co...
by cherijoh
Fri Feb 01, 2013 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Locking in short-term capital gains during unemployment?
Replies: 22
Views: 2735

Re: Locking in short-term capital gains during unemployment?

Recharacterizations only apply to Roth Conversions, but there are rules for Excess Contributions to a Roth IRA. Per IRS Pub 590: Withdrawal of excess contributions. For purposes of determining excess contributions, any contribution that is withdrawn on or before the due date (including extensions) f...
by cherijoh
Mon Jan 28, 2013 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Helaine Olen: Pound Foolish
Replies: 73
Views: 15644

Re: Helaine Olen: Pound Foolish

There are people who genuinely do not have enough money to make ends meet due to chronic under-employment, lack of opportunity and education, etc. For those people, their likely fate will be will be to retire with only their SS benefits and live at or below the poverty line. To break out of this wou...
by cherijoh
Sun Jan 27, 2013 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: asking to take unpaid vacation
Replies: 16
Views: 7409

Re: asking to take unpaid vacation

I think it may depend on the type of job you have. For example, if someone must be in place to do your job during all hours your business is open (e.g., customer service, help desk, etc.) unpaid time off creates a burden for the company and may cause issues with coworkers. In that case, unless there...
by cherijoh
Sun Jan 27, 2013 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should I amend 2011 Tax Return BEFORE filing for 2012?
Replies: 9
Views: 1229

Re: Should I amend 2011 Tax Return BEFORE filing for 2012?

Tax Filing Status: Married-Jointly Tax Rate: 25% Federal, 5% State. Illinois Age: 33 Household Income: $200K (before tax) Hi, After we filed out tax returns last year for 2011, my wife's employer sent an updated W2. They had deducted some amount that they should not have and sent her a check for ar...
by cherijoh
Wed Jan 23, 2013 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Parents-in-law with small windfall asking for investing help
Replies: 15
Views: 1141

Re: Parents-in-law with small windfall asking for investing

After my dad passed away, I became my mom's chief investment advisor. She too had adequate money coming from SS ad survivorship benefits on my dad's pension. She also had a portfolio in the mid 6 figures that was 90+ % in taxable. It was acknowledged that this would be split after her passing betwee...