Search found 4917 matches

by cherijoh
Wed Aug 29, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Rollover Question: tIRA to 403b
Replies: 9
Views: 301

Re: Rollover Question: tIRA to 403b

Just to be sure: are both of your current trad IRAs only having deductible contributions? Is there anyway to check this through vanguard or fidelity? I am almost sure the money in the fidelity tIRA and vanguard tIRA is all pre-tax money, but some of it was deposited a long time ago so I'm not 100% ...
by cherijoh
Tue Aug 28, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4537

Re: Post Mortem Settlement

...and they refuse to send us a contract even though my wife has full POA and is executor of the trust. The annuity company has been difficult and we may need to get her lawyer involved. The POA is meaningless at this point as is the fact she is trustee (not executor) of the trust. Aren't you able ...
by cherijoh
Tue Aug 28, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Mega Downsize....
Replies: 91
Views: 8321

Re: Mega Downsize....

I am at the tail end of the process and here's some advice. Discarding is the key. Don't just move things from one drawer to another. You need to move things OUT of the house. Sort by category and be very ruthless. I would start with clothes first because for most people, there aren't any sentiment...
by cherijoh
Tue Aug 28, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Escheatment - a series of mole holes
Replies: 24
Views: 1207

Re: IRA Escheatment - a series of mole holes

Rev Ruling 2018-17 has answered one question and triggered about 20 others. https://us.eversheds-sutherland.com/portalresource/lookup/poid/Z1tOl9NPluKPtDNIqLMRV56Pab6TfzcRXncKbDtRr9tObDdEpSJCp03!/fileUpload.name=/States%20May%20Escheat%20IRAs%20But%20Who%20Gets%20The%20Tax%20Bill.pdf The lesson her...
by cherijoh
Tue Aug 28, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on paying off debt vs investing
Replies: 32
Views: 2229

Re: Thoughts on paying off debt vs investing

I'm going to ask this question, and I'm almost afraid of getting tomatoes thrown at me for doing it, but I'm curious to hear what you all have to say. My situation in brief: Young, 35 - at the beginning of earning potential. High income earner (second highest tax bracket after deductions, etc.) Mor...
by cherijoh
Tue Aug 28, 2018 11:35 am
Forum: Personal Consumer Issues
Topic: Summer Day A/C Issues
Replies: 41
Views: 2159

Re: Summer Day A/C Issues

I'm fairly certain it is not a refrigerant issue. I had a technician over a couple of weeks ago the summary of the visit went like this: - He measured the temperature of air coming out of the vents vs temperature of air at the outdoor fan. It was ~70F at the vent vs ~95F at the outdoor fan. Air tem...
by cherijoh
Tue Aug 28, 2018 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Capital Gain tax free
Replies: 8
Views: 1374

Re: Capital Gain tax free

Would need more info, notably your tax bracket and marginal tax rate, to give a complete answer. Depending on your circumstances it may make sense to be harvesting gains or losses. I can’t think of a scenario where there is a benefit to harvesting both, since the net each other out. Assuming your m...
by cherijoh
Tue Aug 28, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9488

Re: Landlord Nightmare

You must have missed the thread a few years ago about a rental who got evicted and called a locksmith to move back in. It was quite a long thread. I tried to search for it but I was unsuccessful. Interested! What was it about? The landlord rent to a woman. I think she did not pay rent at some point...
by cherijoh
Mon Aug 27, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is a backdoor Roth an option for me?
Replies: 6
Views: 642

Re: Is a backdoor Roth an option for me?

In 2017 I maxed out my Roth IRA, then late in the year I realized a large amount of capital gains that increased my AGI to ~210k (this was not foreseen earlier in the year), putting me above the limit to contribute to a Roth. In early 2018 I recharacterized my 2017 Roth contribution to a traditiona...
by cherijoh
Mon Aug 27, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: Pension plan details about annuity value
Replies: 11
Views: 692

Re: Pension plan details about annuity value

Bogleheads, I have a pension from a former employer. They are clear about the formula to calculate the lump sum distribution, but I perfer the annuity payout option. The SPD says this: http://i63.tinypic.com/30k6ic8.png I want to understand the conversion from lump sum to annuity, so I guess I need...
by cherijoh
Mon Aug 27, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can't handle being in debt (mentally)
Replies: 34
Views: 3575

Re: Can't handle being in debt (mentally)

Information passed along. I told him the general consensus around here was going to remain just as he asked last time. Out of curiosity, let’s for hypothetical reasons say this person was not going to get themselves into this situation again. Would raiding the Roth be supported by more? I ask becau...
by cherijoh
Mon Aug 27, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Why own 401k and traditional IRA?
Replies: 25
Views: 1510

Re: Why own 401k and traditional IRA?

If you can only deduct, say, the 401k contributions.... then why have 2 tax deferred accounts? I've researched it, but am not quite grasping it. Are you a young investor? If so, you may currently be a the lowest marginal tax bracket you will see until you retire. So that suggests you should conside...
by cherijoh
Mon Aug 27, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Can't handle being in debt (mentally)
Replies: 34
Views: 3575

Re: Can't handle being in debt (mentally)

Posted a while back about a close friend who was on the verge of using his Roth IRA to payoff his debt. He is not in the greatest financial situation as far as overall wealth. However his debt is small in the grand scheme of things. Initially he tried setting up a payment plan to eliminate the debt...
by cherijoh
Sun Aug 26, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: Ladies: bra shopping question
Replies: 63
Views: 8540

Re: Ladies: bra shopping question

Once you find the one that feels perfect, buy at least 4 or 5! That might sound crazy and un-BHish but you can be sure that the very one you like most will eventually be dropped by the manufacturer. Then, the hunt begins all over. :annoyed Isn't that the truth! To some extent I think bras are like ...
by cherijoh
Sun Aug 26, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff?
Replies: 27
Views: 2600

Re: Mortgage Payoff?

This is my first post, but I've been a long time viewer of this forum so hopefully I can provide all the necessary information on the first try. I've been going back and forth for about a year on whether I should payoff my mortgage. Here are the specifics: I'm mid-30's with wife and children. We pu...
by cherijoh
Sun Aug 26, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: bank safety deposit box alternative
Replies: 17
Views: 1542

Re: bank safety deposit box alternative

Wife has acct with Wells Fargo. Not big dollars by any means but maintains the account for the safety deposit box availability. The Wells Fees are just becoming rediculous for her size account. Is there an alternative to bank safety deposit boxes? She does have some valuable jewelery which we are r...
by cherijoh
Sun Aug 26, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: 28 year's old with no retirement savings.
Replies: 31
Views: 3219

Re: 28 year's old with no retirement savings.

Bit of background: I am single and 28 years old with no retirement savings. I just decided to open a Roth IRA through fidelity and am investing into both the new zero ER total market and international index funds. (FZILX & FZROX). I just started learning about this way of investing this past week a...
by cherijoh
Sun Aug 26, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Take pension immediately upon retirement, or use 457 funds?
Replies: 36
Views: 1616

Re: Take pension immediately upon retirement, or use 457 funds?

sounds good. sounds too good to be true IMO. The pension actually confers a 50% benefit at regular retirement. In 11 years I will be 8 years past, so it will have doubled by then. Yes, I think my employer agrees that it is too good. They acted to end new employees participation about 7 years ago. T...
by cherijoh
Sat Aug 25, 2018 8:04 am
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9488

Re: Landlord Nightmare

Get out of the biz if this is a "nightmare" All I'm going to say is my REIT never posts negative reviews on my facebook page. So frustrating that the threads raving about rentals compared to VTSMX never include the horror stories You must have missed the thread a few years ago about a rental who go...
by cherijoh
Sat Aug 25, 2018 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Take pension immediately upon retirement, or use 457 funds?
Replies: 36
Views: 1616

Re: Take pension immediately upon retirement, or use 457 funds?

PFInterest wrote:
Sat Aug 25, 2018 7:21 am
sounds good.
sounds too good to be true IMO.
by cherijoh
Sat Aug 25, 2018 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on capital gain
Replies: 17
Views: 1213

Re: Taxes on capital gain

OK, I'm confused. You are selling the RSUs because you need liquidity, but you are considering having 100% of your paychecks withheld until the end of the year to avoid making an estimated tax payment and then holding the money you plan to use for the rest of the tax payment in a 2% savings account...
by cherijoh
Fri Aug 24, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on capital gain
Replies: 17
Views: 1213

Re: Taxes on capital gain

Hello, I find myself in a situation where I have to liquidate in a few weeks an amount of RSUs from my employer that appreciated considerably (need liquidity, can't postpone), generating a substantial long term capital gain. What is the best way to handle taxes for this transaction? Please consider...
by cherijoh
Mon Aug 20, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: My son was scammed on Craigslist- how to get money back
Replies: 46
Views: 7582

Re: My son was scammed on Craigslist- how to get money back

I nearly got scammed in a similar manner about a year ago - was 24 yo. Scammer posted pictures of the apartment that he found online (was being listed by a rental company), even sent a poorly photoshopped driver's license to gain trust. Naturally we did not wire money, but we filed a complaint with...
by cherijoh
Mon Aug 20, 2018 7:22 am
Forum: Investing - Theory, News & General
Topic: Question regarding roll-over of 401(k) and pension into IRA
Replies: 8
Views: 558

Re: Question regarding roll-over of 401(k) and pension into IRA

I got a very specific question. I will lay out the situation below and then ask the question. At my old job, I had a pension component and a 401(k). I have initiated a direct rollover of the pension account into a rollover IRA account at Vanguard. My question is this: Can I rollover the 401(k) into...
by cherijoh
Sat Aug 18, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 89
Views: 5550

Re: physics/math major looking for programmer/analyst job?

Hi, My nephew graduated a year ago from stony brook university with a 3.3 gpa with a double major in applied math and physics. He quickly came to realize there are very few job prospects within his areas of study and spent the last year learning how to code (java, python, sql). He's obtained a numb...
by cherijoh
Fri Aug 17, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3506

Re: Help with inheritance choice

Everyone seems to be approaching this as though the OP's parents will be gifting the money as soon as they update their wills. Not me. And you can't gift your IRA to anyone while you are living, not even your spouse. Is there any chance one (or both) of your parents will need to go in a nursing hom...
by cherijoh
Thu Aug 16, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2310

Re: Should I Max Out Tax-Deferred Accounts?

I'll have to respond to your post tomorrow or the next day. But for now, keep in mind that some of the responses that say "fill all your tax-deferred accounts" do not seem to understand the amount of money you are talking about. It is good advice for 1 plan or a couple with two plans total. You are...
by cherijoh
Thu Aug 16, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3506

Re: Help with inheritance choice

Hi, My parents who are in their early 80’s have offered me the choice of inheriting 1 million from their TIAA retirement account or 1 million from their bank account CD’s upon their passing. I understand that the retirement account is not taxed yet, it will need required distributions based on my l...
by cherijoh
Thu Aug 16, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Quote from Electrician
Replies: 48
Views: 3462

Re: Quote from Electrician

Are you not allowed to use battery operated smoke detectors (like so: https://www.homedepot.com/p/Kidde-Battery-Operated-Smoke-Detector-with-Wire-Free-Interconnect-3-pack-RF-SM-DC/206093602)? Please don't tell me that you live in a city that legally requires hard-wired, interconnected smoke detecto...
by cherijoh
Thu Aug 16, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 6132

Re: Terminating an employee with company car

I'd evaluate whether you really need to terminate with immediate effect. That would give them time to turn over the car with a ride home already lined up. The way it generally works with associate attorneys at large law firms is that they are told that they are being given 1-6 months (depending on ...
by cherijoh
Tue Aug 07, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: DAF, would you ?
Replies: 21
Views: 1282

Re: DAF, would you ?

For a charity I am actively involved in (International educational, health, reforestation, agriculture, sanitation, etc.) I would be interested in promoting employer matching. Is there a list somewhere? A list of employer's that do matching gifts? I know some charities have lists of companies that ...
by cherijoh
Tue Aug 07, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 71
Views: 6315

Re: are mccormick gourmet spices better

For those recommending Penzey's spices, could you list your top 3-4 favorites from there? I see Vietnamese cinnamon in a few comments; looking for more. For baking, I like their vanilla extract, vanilla sugar, and cinnamon sugar. For cooking, my favorites spices are roasted garlic, smoked paprika, ...
by cherijoh
Tue Aug 07, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 71
Views: 6315

Re: are mccormick gourmet spices better

hello, are mccormick gourmet spices better than the regular mccormick spices? how about compare with simply organic? or 365 brand? i enjoy finding good spices to cook. but i am also curious why mccormick stock has gone up so much recently. thanks. Order online . Search for Penzy’s Spices. Wonderful...
by cherijoh
Tue Aug 07, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 111196

Re: Anyone regret paying off mortgage early?

No, I will not pay off my mortgage early. I am at 2.5% fixed. I rather grow my portfolio than wasting the opportunity cost to build wealth. That "sense of security" is too costly. Smart decision. I'm always amazed at the number of people who buy into the "guaranteed return" argument and then compar...
by cherijoh
Tue Aug 07, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 111196

Re: Anyone regret paying off mortgage early?

No, I will not pay off my mortgage early. I am at 2.5% fixed. I rather grow my portfolio than wasting the opportunity cost to build wealth. That "sense of security" is too costly. Smart decision. I'm always amazed at the number of people who buy into the "guaranteed return" argument and then compar...
by cherijoh
Tue Aug 07, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 111196

Re: Anyone regret paying off mortgage early?

No, I will not pay off my mortgage early. I am at 2.5% fixed. I rather grow my portfolio than wasting the opportunity cost to build wealth. That "sense of security" is too costly. A friend of mine paid off his house rather than saving for FIRE. All of his net worth is sitting still in home equity a...
by cherijoh
Tue Aug 07, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?
Replies: 75
Views: 5126

Re: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?

...The DAF has the responsibility to determine that all grants are to qualified charities. They don’t accept your word for it and I’ve seen them go to considerable lengths investigating the proposed grantee to determine it is a qualified charity. Gill My experienc exactly with the DAF I have set up...
by cherijoh
Sun Aug 05, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?
Replies: 75
Views: 5126

Re: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?

If it is a 501c designation it is deductible one way or another. If not then no. Good luck. Have you read my earlier posts? Gill Thank you for the correction. Just looked it up. If it is >$250 you have to prove it AND must show you did not receive anything in return. So NO in this case you can not ...
by cherijoh
Sat Aug 04, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bag with bank information goes missing (from bank)
Replies: 20
Views: 1500

Re: Bag with bank information goes missing (from bank)

I can remember when customers at the bank would have the bank include their telephone number and Social Security number on their printed checks. Gill I once lived in a state that used Social Security Number as the driver's license number, so when a merchant asked to see your license and wrote the n...
by cherijoh
Sat Aug 04, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Trade 3.5% guaranteed for something else?
Replies: 14
Views: 1803

Re: Trade 3.5% guaranteed for something else?

Hi Nate - Is this relevant? It's kind of personal to disclose how I ended up with this account, but it is what it is. I'm happy to provide relevant details, so please do let me know if I'm leaving something important out of the story. I think these are relevant details in addressing your original p...
by cherijoh
Sat Aug 04, 2018 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4786

Re: How many years till FIRE? Which path would you choose?

- 150K/yr x25 = 3.75MM. - your NW: 1.8MM - 1.1MM = 0.7MM. - adding 270K/yr, at 5%. probably <10 years. - likely making hay while the sun then leaving CA is the most optimal path. Do you seriously expect a 70/30 AA to yield a 5% real return (i.e., after inflation)? That sounds overly optimistic to m...
by cherijoh
Sat Aug 04, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4786

Re: How many years till FIRE? Which path would you choose?

Emergency fund: 3 months expenses Debt: 1.1M mortgage (3.6%) <-- Is that how much you owe now or the original mortgage amount? How many years left until you retire the mortgage? 20k school loans (2.8%) <-- How long until these are paid off? Tax Filing Status: Married Filing Jointly Tax Rate: 37% Fe...
by cherijoh
Sat Aug 04, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3783

Re: Do you think I am being too conservative on buying a house?

If you have a condo in that area that you are planning on selling for <$100k, you do not live in an expensive area by any stretch of the imagination; very much the opposite. What you are proposing is a lot of home for the current household income, even by non-boglehead standards. It will become eve...
by cherijoh
Sat Aug 04, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: UK vacation help
Replies: 15
Views: 771

Re: UK vacation help

This would be a very good tour. Did not realize you can fly into Inverness (other than by changing planes in the UK). Edinburgh is one of my favourite international airports, it has to be said (complete with a light rail all the way there, although a cab is not too expensive). I don't think you can...
by cherijoh
Sat Aug 04, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: UK vacation help
Replies: 15
Views: 771

Re: UK vacation help

Howdy all! Wife and I are planning a fairly short notice trip to the UK in about 5 weeks. Debating between doing Ireland, Scotland or both. We have 9 days, 2 of which will be travel days so really 7 total days to spend. My inclination with that short of a timeframe is pick one country to avoid wast...
by cherijoh
Sat Aug 04, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3783

Re: Do you think I am being too conservative on buying a house?

Yes, I do know what childcare costs. It’s certainly no cheap. We will save a bit on childcare because the fiancé is a teacher so we won’t be needing childcare for the summer months. But it doesn't sound like you know how it works. If you want to keep your place at a quality daycare for infants and ...
by cherijoh
Sat Aug 04, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3783

Re: Do you think I am being too conservative on buying a house?

If you have a condo in that area that you are planning on selling for <$100k, you do not live in an expensive area by any stretch of the imagination; very much the opposite. What you are proposing is a lot of home for the current household income, even by non-boglehead standards. It will become eve...
by cherijoh
Sat Aug 04, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3783

Re: Do you think I am being too conservative on buying a house?

I have things set up in such a way that we are way over paying on the mortgage and gaining $1850 a month in equity. We are paying ahead on the student loans as well but to a lesser degree. I don't think you have thought this through properly. For one thing with those rates, you should definitely be...
by cherijoh
Fri Aug 03, 2018 4:25 pm
Forum: Personal Consumer Issues
Topic: Digital Subscription Nightmare - PSA
Replies: 24
Views: 1454

Re: Digital Subscription Nightmare - PSA

In 2017, I briefly ordered and later cancelled, a digital subscription to the Washington Post. A year later, an unauthorized subscription was charged to a debit account linked to my Amazon payments account. I disputed it, Amazon removed it. I tried to get future charges stopped by contacting both t...
by cherijoh
Fri Aug 03, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Hitting Milestone Early, and the Fiancee Response!
Replies: 20
Views: 4143

Re: Hitting Milestone Early, and the Fiancee Response!

That is a good suggestion cherijoh. I think I have this covered as we have discussed numerous times what happens if I predecease her. In fact, I've prepared a very detailed and lengthy "what to do if something happens to me" word document (it's 7-8 pages long) which she has read several times. We h...