Search found 362 matches

by ClaycordJCA
Sun Mar 21, 2021 2:36 am
Forum: Personal Finance (Not Investing)
Topic: It Happened... No Longer Employed and Seeking Advice
Replies: 33
Views: 5099

Re: It Happened... No Longer Employed and Seeking Advice

The fact your former employer will not oppose unemployment does not necessarily mean that you will receive it. You likely will still have to establish that you had good cause to resign. You may want to spend some time researching the good cause standard in your state before you file for benefits so ...
by ClaycordJCA
Fri Feb 26, 2021 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse leaving company I also work for – how to handle?
Replies: 32
Views: 3907

Re: Spouse leaving company I also work for – how to handle?

I suspect that it’s unrealistic to assume management will not find out about the location of OP’s wife’s new job, assuming she is friends with some of her coworkers. It seems likely she will tell her friends what her plans are. And her friends will mention it to others. And pretty soon dozens of emp...
by ClaycordJCA
Sat Jan 23, 2021 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Who or what has helped the most in your financial journey?
Replies: 121
Views: 7388

Re: Who or what has helped the most in your financial journey?

1). My father. By example and his encouraging words, he taught me to save. And he explained the advantages of mutual funds over individual stocks. 2). My mother. She taught me not to be afraid to spend a little something to enjoy life after having saved. 3). Bob Brinker. Moneytalk inspired me to str...
by ClaycordJCA
Sun Dec 27, 2020 12:32 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 303
Views: 40287

Re: Roll Call for the Retirement Class of 2020!

Have you looked at COBRA? You can continue with your employer-provided medical insurance for 18 months. You'll have to pay the full cost + 2% administration fees. Based on your age group, it might be cheaper than finding insurance on the marketplace. I'm on COBRA until October 2021. Search the foru...
by ClaycordJCA
Sun Dec 27, 2020 12:03 am
Forum: Personal Consumer Issues
Topic: Turbotax on Sale Today Only
Replies: 103
Views: 8916

Re: Turbotax on Sale Today Only

Success! Many thanks to OP.
by ClaycordJCA
Thu Dec 24, 2020 12:03 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 303
Views: 40287

Re: Roll Call for the Retirement Class of 2020!

I swear I am not another TheTimeLord. But, I am still toiling away at work to keep my employer-provided medical insurance until DW’s chronic migraine treatment is completed, which looks like it will be sometime during the first half of next year (I am happy to report there has been some improvement ...
by ClaycordJCA
Mon Nov 09, 2020 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Check for a Fidelity Credit Card Spending Bonus
Replies: 28
Views: 3128

Re: Check for a Fidelity Credit Card Spending Bonus

Thanks for the heads up. Found the email and enrolled this evening. Our spend requirement is $3400. Maybe I will go ahead and buy that new watch and iPad.
by ClaycordJCA
Tue Sep 22, 2020 11:15 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 303
Views: 40287

Re: Roll Call for the Retirement Class of 2020!

Alas, I am treading water and didn’t make my 9/15 date. DW is awaiting word on a possible treatment for her chronic migraines. Until that is finalized, I continue to work for our group health insurance. Best move my date to TBD.
by ClaycordJCA
Sun Sep 13, 2020 11:44 pm
Forum: Personal Investments
Topic: Life has thrown a curve ball: How to invest now?
Replies: 30
Views: 5622

Re: Life has thrown a curve ball: How to invest now?

OP,

I also am very sorry for your loss. You indicate you have sufficient life insurance to provide for your children, which is great. Have you reviewed your insurance coverage for disability? Being unable to work due to disability is statistically much more likely than passing away.
by ClaycordJCA
Wed Sep 02, 2020 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of a recently purchased condo
Replies: 32
Views: 5245

Re: Getting out of a recently purchased condo

Have you interviewed multiple realtors and asked each of them for their opinions on pricing and sales strategies? Personally, I would be leery of using the realtor you used to buy the property - s/he got you into this mess so why reward them with a second commission? You might also consider consulti...
by ClaycordJCA
Wed Sep 02, 2020 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: When to focus on increasing income?
Replies: 41
Views: 2561

Re: When to focus on increasing income?

If you truly are interested in teaching, obtaining a credential may require more than a four year degree. California requires a bachelor’s degree plus completion of a teacher education program. You should figure out the requirements in your state. It may be possible to increase or supplement teachin...
by ClaycordJCA
Wed Aug 05, 2020 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE with major medical costs?
Replies: 35
Views: 2705

Re: FIRE with major medical costs?

Effective January 1, 2020, California enacted a state law mandating residents have healthcare insurance or pay a penalty (aka a tax). I assume that if I am legally required to have insurance, California will require carriers to sell it to me. Kaiser is too big to leave the state. I also expect Calif...
by ClaycordJCA
Sat Aug 01, 2020 11:04 pm
Forum: Personal Investments
Topic: Paying 7y/o son as household worker
Replies: 82
Views: 5433

Re: Paying 7y/o son as household worker

You are asking for legal advice on an anonymous forum. The information you are getting is worth absolutely nothing. If you want advice you can rely upon, pay the $ to consult with a tax lawyer and get a legal opinion from an expert. You can sue for malpractice if they muck it up. Or proceed without ...
by ClaycordJCA
Mon Jul 20, 2020 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Deciding whether to retire - it's difficult!
Replies: 77
Views: 9914

Re: Deciding whether to retire - it's difficult!

In CA, for example, they have extended federal COBRA regulations, so that residents get 36 months of COBRA total. That means I can retire the day after my DH turns 62 (I'll be 60 and 2 months old), and he'll be covered with either COBRA or Medicare from here on out...and I would only have to pay fo...
by ClaycordJCA
Thu Jul 16, 2020 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: My office job in NYC has just gone remote for the rest of the year. Can I reduce my tax burden by moving to Florida?
Replies: 92
Views: 9059

Re: My office job in NYC has just gone remote for the rest of the year. Can I reduce my tax burden by moving to Florida?

I haven't seen this mentioned, but from the corporation's point of view, they would not want to have you as a resident of another state unless they already had nexus there. It opens up all kinds of filing requirements. :sharebeer +1. Plus, potential corporate tax obligations (unemployment comes to ...
by ClaycordJCA
Sat Jul 11, 2020 5:52 pm
Forum: Personal Consumer Issues
Topic: Q on Costco membership mortgage refinance service/benefits
Replies: 8
Views: 1128

Re: Q on Costco membership mortgage refinance service/benefits

In an effort to get a larger # of competitive refinance bids, I was toying with the idea of using Costco's service to help expedite the leg work. Is the mortgage refinance service available to both Costco membership levels? Does executive status help in any other way with refinance costs? Yes, exec...
by ClaycordJCA
Fri Jul 03, 2020 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of California: is a tax attorney worth it?
Replies: 18
Views: 2173

Re: Moving out of California: is a tax attorney worth it?

Have you reviewed Franchise Tax Board’s Form 1031 - Guidelines for Determining Residence Status? Have you taken the requisite steps under each of the factors listed to demonstrate your intent to leave California permanently? In addition, have you removed all personal property (for example, furniture...
by ClaycordJCA
Sat Jun 27, 2020 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer in Bay area - things to consider?
Replies: 68
Views: 6815

Re: Job offer in Bay area - things to consider?

As others have said, your targeted areas for housing are not commute friendly. If your work hours are conducive to taking the ferry (limited schedule), Alameda might be an option. But, ferry service is currently suspended due to COVID. I’d look for a location on the Peninsula. Since your wife is wor...
by ClaycordJCA
Sat Jun 27, 2020 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: High deductible Plan G medigap
Replies: 74
Views: 4194

Re: High deductible Plan G medigap

Why can't a Kaiser doctor prescribe a drug that isn't on their formulary? Kaiser is not just "insurance coverage", but medical groups and hospitals and pharmacies. Why would their pharmacies carry something that their "insurance" wouldn't cover? And if the patient took the presc...
by ClaycordJCA
Thu Jun 25, 2020 9:37 am
Forum: Personal Investments
Topic: My entire portfolio, per your review, be gentle!
Replies: 40
Views: 6809

Re: My entire portfolio, per your review, be gentle!

barliss, Currently your AA is 45.55% US stocks, 27.47% Intl stocks (about 38% of stocks), and 26.87% bonds/cash. Your desired asset allocation is 90% stocks / 10% bonds, with international allocation of 40% of stocks. That's a big jump - do you definitely want to do that? Also, what other bond fund...
by ClaycordJCA
Mon Jun 08, 2020 10:34 pm
Forum: Personal Consumer Issues
Topic: Advise what to do after receiving email from Hacker trying to extort money
Replies: 58
Views: 5179

Re: Advise what to do after receiving email from Hacker trying to extort money

My thanks to all of the prior posters. I was “hit” this afternoon with a similar email seeking to extort $2k in bitcoin. The email cited an old password that I hadn’t used in a number of years. I’ve now updated the passwords to my financial accounts and will ignore the threat to expose all of my sup...
by ClaycordJCA
Mon Jun 08, 2020 10:22 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2297
Views: 272804

Re: Post your Financial Milestone Announcements Here

My 401k balance now exceeds the preCOVID19 high watermark by $8,000. :D Some of the increase stems from new contributions, but as it now stands my June 15th investment will be used to buy bonds.
by ClaycordJCA
Sat Jun 06, 2020 5:35 pm
Forum: Personal Consumer Issues
Topic: Viking Cruise Cancellation
Replies: 15
Views: 1619

Re: Viking Cruise Cancellation

Yes, we had a Viking cruise scheduled for April. They offered a voucher plus 20% To be used within 2 years or full refund. We decided to take the refund As who knows what will happen. It took awhile, maybe 6 weeks but we got the entire amount, including airfare. They are a great company to deal wit...
by ClaycordJCA
Tue Jun 02, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Hiring Spouse Part Time For Small Business, Optimizing Solo 401k - Need To Track Hours?
Replies: 36
Views: 1638

Re: Hiring Spouse Part Time For Small Business, Optimizing Solo 401k - Need To Track Hours?

Also check MA state law regarding tracking and maintaining records of hours worked, state overtime requirements, workers’ compensation, etc. An FLSA exemption does not mean you are excused from complying with state law requirements.
by ClaycordJCA
Sun May 24, 2020 9:01 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 185
Views: 19912

Re: Pandemic buys that have improved quality of life?

Quick frozen Alaskan king salmon and halibut servings (4-5 oz each) from Sizzlefish. I take them out of our freezer the night before and they are defrosted by the time I make dinner. Very tasty.
by ClaycordJCA
Sun May 24, 2020 5:37 pm
Forum: Personal Consumer Issues
Topic: If Jeep has such poor reliability, how come they are everywhere?
Replies: 174
Views: 14478

Re: If Jeep has such poor reliability, how come they are everywhere?

Given how upset you were with your Honda CRV’s oil dilution issue, why would you ever consider a Grand Cherokee? :oops: Get a Toyota, not a Jeep.
by ClaycordJCA
Fri May 22, 2020 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39964

Re: The axe falls and I am prepared. What's next?

Klang Fool, I also very much enjoy your posts and am sorry you have been laid off again. I assume your wife can add you to her group medical coverage once your COBRA expires or you will have the right to then convert the group coverage to a personal policy without regard to preexisting conditions. I...
by ClaycordJCA
Mon May 18, 2020 12:05 pm
Forum: Personal Investments
Topic: transfer from Edward Jones (*updated)
Replies: 12
Views: 1896

Re: transfer from Edward Jones (*updated)

I would also evaluate your disability insurance coverage needs. Disability and inability to work is more probable (almost 4x per a little internet browsing) than dying before age 65.
by ClaycordJCA
Sat Mar 28, 2020 7:11 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 56958

Re: How Is Your Job Being Impacted By The Current Crisis?

Outside employment law attorney for businesses. Began working from home a week before Governor Newsom issued his shelter at home order because I am high risk due to a pre-existing medical condition. Now almost all of the attorneys are doing so. Office was closed for a day or two after the Governor’s...
by ClaycordJCA
Mon Mar 23, 2020 1:51 am
Forum: Personal Finance (Not Investing)
Topic: Major unintended consequences of [Families First Coronavirus Response Act]
Replies: 43
Views: 7498

Re: Major unintended consequences of coronavirus bill

The federal WARN act requires larger employers to give 30-60 days notice for mass layoffs and plant closures. Depending on the size of the company and the number of affected employees, a termination date prior to April 1 may not legally be possible. WARN has an exception for unforeseen circumstances.
by ClaycordJCA
Sat Mar 14, 2020 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Travel--Ultimate Rewards--Systems Down
Replies: 19
Views: 1394

Re: Chase Travel--Ultimate Rewards--Systems Down

I couldn’t get through to Costco Travel at all to cancel a hotel and rental car in Maui next week. When I called and should have been through to a representative I instead got a recording stating that due to unprecedented call volume they could not accept my call. I tried multiple times Thursday, y...
by ClaycordJCA
Sat Mar 14, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Travel--Ultimate Rewards--Systems Down
Replies: 19
Views: 1394

Re: Chase Travel--Ultimate Rewards--Systems Down

I couldn’t get through to Costco Travel at all to cancel a hotel and rental car in Maui next week. When I called and should have been through to a representative I instead got a recording stating that due to unprecedented call volume they could not accept my call. I tried multiple times Thursday, ye...
by ClaycordJCA
Sun Feb 16, 2020 2:29 am
Forum: Personal Finance (Not Investing)
Topic: Pandemic Updates: Retire this summer, with early retirement program, or work another academic year and a half
Replies: 40
Views: 4766

Re: Retire this summer, or work another academic year?

Personally, I will work until I am 60, DH 62. That allows me to buy COBRA for the two of us to bridge us to Medicare for him, since CA allows for a 3 year COBRA window. Not necessarily, I am afraid. The 18 month CalCOBRA extension after federal COBRA has a number of exceptions, per the State of Cal...
by ClaycordJCA
Sat Feb 15, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Relative laid off - need advice
Replies: 29
Views: 5173

Re: Forced early retirement with minimal asset - please help with planning

If the company is closing, you may not have a choice about whether or not to roll the 401k account balance into an IRA. Since it is closing, I think it is almost certain that the employer will terminate the plan to avoid continuing administrative costs. I would have your relative set up an IRA with ...
by ClaycordJCA
Sat Feb 08, 2020 3:09 pm
Forum: Personal Investments
Topic: Asset Allocation for Parents
Replies: 20
Views: 1280

Re: Asset Allocation for Elderly Parents

Do they anticipate reduced expenses after they stop working? After social security, they require $50k a year between working income and portfolio withdrawals to maintain their current $90k spend rate. A 4% withdrawal rate (30 year retirement) applied to their $820k portfolio is $32.8k per year; a 4....
by ClaycordJCA
Tue Feb 04, 2020 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: California East Bay, Place to live and commute to Oakland, CA
Replies: 74
Views: 5320

Re: California East Bay, Place to live and commute to Oakland, CA

Where in Oakland is the job? If commuting by BART is an is an option and I wanted lots of nightlife, I’d consider a reverse commute from San Francisco. East Bay hills (Montclair, Berkeley, El Cerrito) are very nice but you will be very car dependent. I think my top choice for a walkable neighborhood...
by ClaycordJCA
Sun Feb 02, 2020 4:56 pm
Forum: Personal Investments
Topic: Roll over 401k to Vanguard or not ?
Replies: 21
Views: 1713

Re: Roll over 401k to Vanguard or not ?

Go with TDA. I love TDA's website and app and my son uses it. But I hate their "sure, we have a target-date fund, if you don't mind the expense ratio of 1%." Fidelity is the same. Only Vanguard and Schwab are legit in this area. So consider what kinds of funds you might be wanting to hold...
by ClaycordJCA
Sun Jan 26, 2020 10:29 am
Forum: Personal Consumer Issues
Topic: First Visit to Keys and Marathon, FL
Replies: 25
Views: 2474

Re: First Visit to Keys and Marathon, FL

We took a day trip the other direction and took a tram tour in Everglades National Park when staying in Key Largo. The Lazy Lobster in Key Largo was excellent and not expensive.
by ClaycordJCA
Fri Jan 24, 2020 11:39 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 29211

Re: Sad news: LadyGeek's husband has passed

I am very sorry for your loss, Lady Geek. Best wishes for you and your family. Take Care.
by ClaycordJCA
Thu Jan 23, 2020 11:47 pm
Forum: Personal Investments
Topic: Lost to find a financial advisor in San Francisco.
Replies: 16
Views: 1679

Re: Lost to find a financial advisor in San Francisco.

Wiggums wrote: Mon Jan 13, 2020 8:51 am
If you really need help, Vanguard charges .03 and they will recommend something like the four fund portfolio with low expense ratios.
I believe the PAS fee is 0.3%, not .03%.
by ClaycordJCA
Tue Jan 21, 2020 12:27 pm
Forum: Personal Investments
Topic: Retired—Big portfolio shuffle for future
Replies: 8
Views: 1300

Re: Retired—Big portfolio shuffle for future

I would be wary as Fidelity will almost certainly impose an AUM fee. They will also want to select actively managed Fidelity funds for the accounts they manage. At least this is what they did when my father allowed them to manage his after-tax account. Put your instructions in writing if you want t...
by ClaycordJCA
Tue Jan 21, 2020 3:15 am
Forum: Personal Investments
Topic: Retired—Big portfolio shuffle for future
Replies: 8
Views: 1300

Re: Retired—Big portfolio shuffle for future

I would be wary as Fidelity will almost certainly impose an AUM fee. They will also want to select actively managed Fidelity funds for the accounts they manage. At least this is what they did when my father allowed them to manage his after-tax account. Put your instructions in writing if you want th...
by ClaycordJCA
Mon Jan 20, 2020 4:29 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 303
Views: 40287

Re: Roll Call for the Retirement Class of 2020!

California law now requires residents to have Obamacare compliant health insurance. Presumably, that means I have to be able to buy it and Kaiser will have to sell it to me. Uncertainty about continued health insurance coverage is why I didn’t retire last year. So, you can add me to the class of 202...
by ClaycordJCA
Mon Jan 20, 2020 4:18 pm
Forum: Personal Consumer Issues
Topic: Some possible luxury SUV choices to buy: Opinions?
Replies: 210
Views: 18172

Re: Some possible luxury SUV choices to buy: Opinions?

Howdy My wife got the Lexus RX 450H. She loves it. She agrees the Lexus grille is ugly, but she makes the accurate point that I am even uglier, and neither one particularly bothers her much. In each case she did not judge the acquisition purely on aesthetics (lucky for me), and she keeps both of us...
by ClaycordJCA
Mon Jan 13, 2020 3:01 am
Forum: Personal Investments
Topic: Asset allocation for permanent disability & receiving disability income
Replies: 2
Views: 284

Re: Asset allocation for permanent disability & receiving disability income

I have no recommendation, but will offer several observations that you may want to consider in your planning: 1). You say you “are very likely” to get SSDI. Social Security denies a lot of claims, although you have the right to appeal. They also re-examine eligibility from time to time. In DW’s case...
by ClaycordJCA
Sun Jan 12, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse diagnosed with cancer. Financial steps?
Replies: 38
Views: 6269

Re: Spouse diagnosed with cancer. Financial steps?

OP - Very sorry to hear of this. FYI - If you do not return to work for at least 30 days after exhausting FMLA leave, your employer may be able to recover from you the health insurance costs it paid while you were on leave. There is an exception if the failure to return is due to the continuation of...
by ClaycordJCA
Sat Jan 11, 2020 7:49 pm
Forum: Investing - Theory, News & General
Topic: How is your "number" defined?
Replies: 179
Views: 16125

Re: How is your "number" defined?

We are budgeting $100,000 a year in retirement spending (DW has significant medical expenses), not factoring in social security. We have no pensions. So, the number at age 61 is 30x budgeted expenses, which allows for some latitude and should let me sleep at night.
by ClaycordJCA
Sat Jan 11, 2020 4:52 pm
Forum: Investing - Theory, News & General
Topic: Why are Dividend Stocks pushed so hard?
Replies: 129
Views: 7396

Re: Why are Dividend Stocks pushed so hard?

I suspect there is a psychological appeal to dividend stocks. Many hope/believe that to retire they can or should live off the income generated by their investments and not touch the principal. There is comfort in knowing the number of shares you own will never be reduced and in believing that becau...