Woooo! I got paid!!!!

We start work in August but don’t get our first paychecks until October.  I don’t know why this is, but we do get a full paycheck in June for a partial month in May, so it kind of balances out.

It’s been a long unpaid summer and a number of summer reimbursements have not come in for months.  Usually I get a little burst of summer travel reimbursements near the end of August to repad the cushion, but not this year.  I even have some summer salary that has gone completely MIA despite its being requested for July in early August.  Ugh.  Stupid red tape and having to follow up.  (I did finally get a research reimbursement I had requested in MARCH deposited this summer, and of course daycare reimbursements, but those were early summer.)

/end grumbling

I love getting paid!

Fellow academics, do you take 9 or 12 month paychecks?  Everyone else, do you love paydays?

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Late Link Love

No good reason for late links this week, just didn’t do it.

What’s going on with impeachment? Dan Sinker with daily summaries.

Days of Awe: Jewish Protests

Black women’s experiences in economics.

Here’s a very brief synopsis of Wednesday’s Trump meltdown.  I swear every single time I check twitter at my 3pm internet is available break there’s new trump just melted down on television hashtag, but usually they lead to whatever or whoever he was melting down about.  Wednesday’s was just #TrumpMeltdown… and was surreal.  But then so have all the prior ones.  The unreality of it all (THIS IS NOT NORMAL) makes it really difficult to focus after my break.  I may have to stop looking at twitter.

Elephants can count by smell?

Ask the Grumpies: Is there any reason not to put money in a Roth IRA if you can pull out the principal at any time?

Beth asks:

Short version of this question: if I have some money saved that I don’t expect to use in the next year or so, and I don’t have any non-mortgage debt to pay off – is there any reason NOT to put that savings into a Roth account?

Longer version:
I feel I am in okay shape in terms of retirement savings (far better than most Americans, not doing as well as the FIRE community), with 10-20 more years to go (preferably 10 years from now, depending on the market & health care). Because I”m in okay shape and max out my 401(k), I haven’t been saving in a Roth. Instead I’ve been focusing on paying down my mortgage (still about 10 years out) and enjoying my life in the moment.

I have been putting aside money in hopes of self-funding a sabbatical at some point. My vision is I’d arrange a leave of absence for up to 3 months; I’m not at all sure my employer will go for it so it’s all quite hypothetical. I’m too conservative/aware of age bias to quit my job without another lined up and I would really really like a chunk of time off. Words cannot express how I envy friends who work in academia and get summers off! (future post? brainstorming jobs that get summers off but don’t require being a teacher?)

I realized that I could set the hypothetical-sabbatical money aside into a Roth account, and pull out the contribution to use if I DO have a sabbatical, and if I don’t, then I’m that much closer to being in even-better retirement shape.

Is there any reason to NOT put my savings into a Roth? My usual tendency is to go VTSAX but I might be more conservative with this money since I would like to use it in the shorter term. Or, by putting it into a Roth, am I going to mentally classify it as untouchable?

I’ve got other money sitting in an emergency fund (combo of money market and VTSAX) and am now wondering why I haven’t put it in a Roth all along. Please advise!

 

If you qualify to do a regular Roth IRA without having to convert from a traditional IRA, the only reason not to would be having to deal with figuring out how to take out the principal and any other paperwork costs. For that reason it’s good to have some cash in an emergency fund (the money market in your case) in case you need money immediately without paperwork hassle (because short-term emergencies often come with mental and emotional angst and the last thing you need is a month delay because of some sort of paperwork snafu). So… I guess laziness is the main reason not to? If you’re planning on using Vanguard I doubt it will be that difficult to get your principal out (some other providers make taking any money out more of a hassle).

You can put money in VTSAX within the Roth! Though yes, within the shorter term you might want to stick it in a bond fund or something similar. The heuristic is generally to put money you think you’ll need in more than 5 years into stocks and to be more conservative with money you’ll need sooner.

If you can only do Roth IRAs through a traditional conversion (a Backdoor Roth) because you’re too high income to contribute to a Roth directly, you have to wait 5 years to access the Roth funds, at least according to this random website I found. So if you need the principal sooner than that, you might want to avoid doing a Backdoor Roth and instead save the money as taxable.

Here are some reasons you could withdraw distributions (not just principal) from a Roth without penalty.  (They include things like disability, first time house purchases, educational expenses, etc.)

Grumpy Nation, is there anything I haven’t thought of?  Have you ever withdrawn the principal from a Roth IRA before age 59.5?

RBOC

  • I got kicked out of two English classes in high school.  We had faculty members who were deconstructionist phds unable to get professor jobs.  I believe that context is important.  That authorial intent is important.  That history and influence are important.  That these things add to our understanding of literature rather than subtract from it.  I also think it’s ridiculous to argue that all meaning is subjective and contextual… if that’s true, why force us to take English class at all?  After vehemently disagreeing with a teacher on this topic the second week of class I was informed by the school counselor that I had been moved to the linguistics phd’s section.  It was a much better match.
  • I have explained our university’s retirement options to three faculty members in the past week, only one of whom is a new faculty member.
  • I have cats because I refuse to be a servant to a dog’s bladder.  (Though I guess technically we do have a dog door and a dog run that are currently taped up so as not to let the a/c out.)
  • I got my raise numbers for this year and went on a small donations spree.
  • Windows 7 is going to reach its end of life soon.  You can actually still upgrade it for free so long as you own a legal copy of Windows 7.
  • The Lottery is still just as chilling now as it was when I first read it more than 30 years ago.
  • On hir English homework DC1 has said that the princess is the protagonist in the lady or the tiger (and not the macguffin). I’m so proud of hir feminist instincts.  Rereading it myself, I think zie is correct.  The princess has the agency, and it is her decision that leaves the reader with the ending, not the commoner’s.  The king is still the antagonist, for he has put the princess in this unenviable position.  The commoner is himself the macguffin.  The internet disagrees, but I think that’s because the internet is sexist– if there is a man, then he must be the hero and the princess is but a prize.  Even when the narrator is third person omniscient.
  • Well, the government finally got around to getting rid of the “is this person racist” question on clearance interviews and replacing it with a bunch of xenophobic questions about whether or not they have friends from other countries.
  • It took another month, 2x weekly phone calls, sending another (incorrect) form, and resending the original (correct) form, but DC1 finally has a college board account.
  • Academics:  If you are reviewing a paper and the report is overdue and the paper is an obvious reject, please just send a short review and reason for rejection.  Don’t keep holding onto it!
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Is it time to buy a new clothes washer?

We have had our fancy front-loading Frigidaire clothes washer for almost as long as we’ve been in this house, well over a decade.  (It took a couple months to save up to buy nice appliances, so we spent some time going to the laundromat after moving here rather than buying the cheapest models right away.)

Throughout this time, DH has replaced the electronic board, the motor, the door handle, and I’m probably forgetting what else.

Most recently the washer developed an internal leak which we discovered this summer after getting back from a week long conference/vacation and finding the drum partly full of water.  DH replaced the internal part that the leak likely sprung from, but the occasional load of laundry still smells musty.*  Worse than that, I appear to be heavily allergic to whatever is causing the must smell– I develop instant hives, particularly on my stomach area, and lately have been fearful of putting on clothing.  Our first step was to follow online instructions for cleaning and we did a hot vinegar load.  Then we did a hot bleach load.  Then DH did a deep clean of every part of the washer that didn’t involve taking it apart (likely the problem is something yucky still underneath the drum).  Most loads now are fine, especially when I also add vinegar in the fabric softener/bleach inputs.  But there are enough occasional loads that are somewhat off that I currently have ugly looking red marks where my pants hit my stomach.

DH’s final attempt was to do a load with an industrial solvent called CLR (for Calcium, Lime, and Rust).  Since then I’ve been able to wear clothing that’s been washed, but I’m (understandably, I think) still worried.  Plus the clothes washer itself still doesn’t smell great all the time.  (I wonder if we should suspect another leak…)

Now, DH could take apart the entire clothes washer and give it a thorough internal scrub… but it would eat up a weekend and who knows what the next thing to break will be.  (We could also pay someone to clean it, but I suspect a repair person would just tell us to get a new machine.)

I am really tempted to just get a new machine.  DH had decided if the CLR load didn’t result in wearable shirts for me that he would buy a new one over the weekend while I was gone at a conference.  But then I was fine with the next load.  So now we’re undecided.  Figuring out what front-loading washer to buy next is going to be a pain.  None of the “best of” lists seem to agree with each other, and I think we probably *don’t* want a smart model because I am willing to be that will be the part that breaks first while being non-trivial to repair.  But who knows, maybe we do?

We still have our ancient refrigerator.

How do you decide to get new appliances like washing machines?  If you can afford it, is removing potential emotional distress a viable reason?  (But what about the potential distress from potentially buying an expensive new lemon?)

*Between loads we leave all the doors open to air out, and always have.  We’ve been using best practices to avoid must problems.  DH reads the manual to whatever new appliance we get and follows it.

Link Love

Wow, what a decade this past week has been.  (Here’s Celeste p summarizing just one day of it!) The House moved to impeach after a whistleblower reported an inappropriate phone call in which the president tried to get the Ukraine to dig up dirt on democratic presidential candidate Joe Biden’s son.  The NYTimes doxxed said whistleblower after Trump made a death threat against him.  The president has had multiple crazy melt-downs on live television, in front of important people, and on twitter.  I got very little work done this week, partly because I had to cover for students who didn’t show up for our voter registration day booth, but also partly because I would check the twitters at my 3pm break and just go kind of numb with the unreality of it all.  (Also more conference travel.)

This coming week is a great week to call your reps (and, secondarily, senators) to give them support or to cajole them into doing the right thing.  Your phone calls really do matter.  (This thread has multiple scripts depending on your rep’s affiliation, also a script for senators.)

The NYTimes has been writing multiple misleading articles in which they interview the same six rabid Trump supporters and label them swing voters.

Of course they don’t want to talk politics.

Ask the Grumpies: Should I move to England for three years to get dual-citizenship for my son?

bogart asks:

I have British citizenship by descent, could convey British citizenship to my son (both of us could also keep US citizenship) but only if we live there for 3 years between now and when he turns 18 in 5 years.  I can work in the UK but don’t have a job lined up; however, we do (household of 3) have roughly the US median income before anyone gets out of bed thanks to DH’s pension).  Should we or shouldn’t we?

That is not an easy question to answer.  In normal times the benefit of automatic citizenship in a country outside the US wouldn’t seem like that big a deal, but who knows how the future is going to pan out.  Having an easy escape might be valuable in the future.  Though perhaps I’ve been reading too many Kate Parker mysteries.

Besides the jobs and red tape, some things to think about:

Is living in the UK during Brexit going to be better or worse than living in the US under the current regime?

What are the pros of experiencing life in another country while a teen vs. the cons of not getting a full four years of high school at the same school?  How will this affect college admission choices, or does it not matter?  (Also:  which 3/5 years if he’s considering a school in-state?– that could matter a lot for tuition costs.)

Other than that, we don’t really know what should be considered, but likely Grumpy Nation will have ideas.

Grumpy Citizens, what else should bogart be considering?