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Re: "Computing How Much Life Insurance You Need"

Taylor Larimore wrote:Mrxyz:

The Bogleheads' Guide to Investing has a format (page 247): "Computing How Much Life Insurance You Need."

Best wishes.
Taylor


Thank you !!
by Mrxyz
Thu Dec 18, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 17
Views: 1053

Re: Term life insurance- I don't have it. Do I need it?

One may not need to replace their income even if one has people that depend on it. I always used the question, "If I died, would my dependents have to change their financial lives?" The answer for my death has always been "No", so I have never bought life insurance and neither h...
by Mrxyz
Thu Dec 18, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 17
Views: 1053

Re: Term life insurance- I don't have it. Do I need it?

That you don't need whole life insurance is pretty clear. How much term insurance you need is less clear, depending e.g., on you wife's earning potential. and her and the children's emotional and other needs. Could she earn enough to hire a true surrogate (fill-in for her) with with only a portion ...
by Mrxyz
Thu Dec 18, 2014 11:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 17
Views: 1053

Re: Term life insurance- I don't have it. Do I need it?

The rule of thumb is somewhere between 8-12 times annual income. This varies depending on how old you are, how much you have saved already, special needs in the family etc. Work insurance is generally not sufficient, because what happens if you get fired, and in the meantime have become ill and now...
by Mrxyz
Thu Dec 18, 2014 10:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 17
Views: 1053

Re: Term life insurance- I don't have it. Do I need it?

To me, the need for life insurance comes down to one question. Are there people who depend on my income? If the answer is yes, then you need life insurance to cover the loss of your income for your spouse and children (for things like paying the mortgage, so they always have a roof over their head)...
by Mrxyz
Thu Dec 18, 2014 6:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 17
Views: 1053

Term life insurance- I don't have it. Do I need it?

Hi I do not have term life insurance and I am not sure if I 'need' it? How do I decide? I have work life insurance, disability insurance, plus a separate own occupation disability insurance, home, auto and umbrella also. I have read the wiki and some threads which talk about 'get term life insurance...
by Mrxyz
Thu Dec 18, 2014 6:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 17
Views: 1053

Re: Backdoor Roth for a beginner

Thanks so much to the both of you. I looked at my MAGI, and it appears we will be at the very top of the phase out limit so we should go ahead and set up the TIRA then convert it over. If I call Vanguard are they allowed to help me with the conversion? Yes, they will/should. Last year, I wanted to ...
by Mrxyz
Thu Dec 11, 2014 9:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth for a beginner
Replies: 16
Views: 1174

Re: 529 for parents?

Are you letting the tax tail wag the dog? L. Not sure if I understand this right......... Do you mean that I should not invest in 529 just because of the state tax break and rather look at the whole picture and continue investing in my taxable account, which hopefully over the many years to come, w...
by Mrxyz
Tue Dec 02, 2014 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 for parents?
Replies: 16
Views: 1609

Re: 529 for parents?

Are you letting the tax tail wag the dog? L. Not sure if I understand this right......... Do you mean that I should not invest in 529 just because of the state tax break and rather look at the whole picture and continue investing in my taxable account, which hopefully over the many years to come, w...
by Mrxyz
Tue Dec 02, 2014 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: 529 for parents?
Replies: 16
Views: 1609

Re: 529 for parents?

Hi So I have 529 for my kids which I take full advantage of, getting State tax break. Is it recommended to get 529 for each parent also to increase the total 529 funds available for kids as the parents can change the beneficiary from themselves -parents to their kids? Thanks How big is the tax brea...
by Mrxyz
Mon Dec 01, 2014 6:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 for parents?
Replies: 16
Views: 1609

Re: 529 for parents?

I am guessing that the 529 gains is insufficient to meet children's future college expenses that you desire.? :? That's kind of correct...........I am placing $6K per kid per year and likely not make the total of $200K per kid (my number) when they each turn 18. And I thought parent's 529 can be a ...
by Mrxyz
Mon Dec 01, 2014 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 for parents?
Replies: 16
Views: 1609

Re: Life changing decision... advice needed!

Does Fellowship Pay: What Is the Long-term Financial Impact of Subspecialty Training in Pediatrics?

http://pediatrics.aappublications.org/content/127/2/254.full

I hope that you have read the above article.
Best of luck in making the decision!
by Mrxyz
Sun Nov 30, 2014 10:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10719

Re: 529 for parents?

But what if all money saved in 529s is not used for school ? How much do you think you need to save? Are you maxing out all other retirement accounts you have access to? lafder Yes, I am maxing out my retirement accounts including backdoor roth. But the question is, Is it recommended that each pare...
by Mrxyz
Sun Nov 30, 2014 9:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 for parents?
Replies: 16
Views: 1609

529 for parents?

Hi
So I have 529 for my kids which I take full advantage of, getting State tax break.
Is it recommended to get 529 for each parent also to increase the total 529 funds available for kids as the parents can change the beneficiary from themselves -parents to their kids?
Thanks
by Mrxyz
Sun Nov 30, 2014 1:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 for parents?
Replies: 16
Views: 1609

TV buying recommendations

Yes, its time for me to upgrade to a new TV!! (I think) I need something at least 50 inches size and need recommendations on what to get for my living room. The seating is around 10-14 feet away from the front of the TV. I have an entertainment center which has a top to place TV on. This measures ar...
by Mrxyz
Sat Nov 29, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: TV buying recommendations
Replies: 44
Views: 3030

Re: Bogleheads.org equivalents for other areas of life?

oyster.com

"You cannot return a bad vacation"

Their logo says it all!

A travel/hotel review site.
by Mrxyz
Sun Oct 26, 2014 6:48 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads.org equivalents for other areas of life?
Replies: 70
Views: 7849

Re: Road trip to Chicago with kids- what to do/recommendatio

Update. Thanks to everyone's advice and recommendations. Just got back. Wonderful trip. Best advice was - Car is a liability!! Yes, did not take car, took train and bus - Metra and Pace respectively, Loved it. Really saved me time and money and the headache of driving and trying to find parking. Met...
by Mrxyz
Sun Oct 19, 2014 2:38 am
 
Forum: Personal Consumer Issues
Topic: Road trip to Chicago with kids- what to do/recommendations?
Replies: 44
Views: 3350

Re: Reading comprehension books/materials recommendations

Sorry about the 'duplicate'. I did ask something similar a few months ago, with just a few responses.
http://www.bogleheads.org/forum/viewtopic.php?f=11&t=143117
by Mrxyz
Thu Oct 09, 2014 8:19 pm
 
Forum: Personal Consumer Issues
Topic: Reading comprehension books/materials recommendations
Replies: 4
Views: 457

Re: Reading comprehension books/materials recommendations

Ged wrote:Try home schooling resources. Some curricula there get great results.


Yes but which company or material is good or recommended - preferably without too much religious bias.
by Mrxyz
Thu Oct 09, 2014 7:36 pm
 
Forum: Personal Consumer Issues
Topic: Reading comprehension books/materials recommendations
Replies: 4
Views: 457

Reading comprehension books/materials recommendations

Hi all, Do you have any suggestions/recommendations for reading comprehension books/materials for grades 2nd, 4th and 7th (my kids)? I am very dissatisfied by what their public school does in terms of teaching. Private school is an option, though expensive and not what we are looking at unless we ru...
by Mrxyz
Thu Oct 09, 2014 6:38 pm
 
Forum: Personal Consumer Issues
Topic: Reading comprehension books/materials recommendations
Replies: 4
Views: 457

Re: Road trip to Chicago with kids- what to do/recommendatio

Unofficially, rush hour is basically any time you are driving (especially if you're in a hurry), excluding late night to early morning. Normal working hours for most in Chicago are the same in as they are elsewhere in the lower 48 states, so rush hour isn't significantly different. However, because...
by Mrxyz
Tue Oct 07, 2014 10:51 pm
 
Forum: Personal Consumer Issues
Topic: Road trip to Chicago with kids- what to do/recommendations?
Replies: 44
Views: 3350

Re: Road trip to Chicago with kids- what to do/recommendatio

You mentioned you'll be visiting Chicago beginning October 14th. The good news: You'll miss the road closings & congestion associated with the Chicago Marathon, which is this coming weekend. The potential "bad" news: If you're still here on the Sunday (10/19), the Bears have a home ga...
by Mrxyz
Mon Oct 06, 2014 11:51 pm
 
Forum: Personal Consumer Issues
Topic: Road trip to Chicago with kids- what to do/recommendations?
Replies: 44
Views: 3350

Re: Road trip to Chicago with kids- what to do/recommendatio

For Museum of Science & Industry (MSI), plan on driving to/from that location. Consider taking a drive on Lake Shore Drive from MSI north to, say, Montrose Avenue (4400 North). Really nice drive with a great view of downtown and the lake. Avoid Lake Shore Drive during rush hour, though. Another...
by Mrxyz
Mon Oct 06, 2014 9:25 pm
 
Forum: Personal Consumer Issues
Topic: Road trip to Chicago with kids- what to do/recommendations?
Replies: 44
Views: 3350

Re: Road trip to Chicago with kids- what to do/recommendatio

Are you staying downtown? If so, I would park and then use public transportation/walk. Parking downtown will probably be in the neighborhood of $40 per day. What time of year are you going? Ed Lived near Christ hospital in Oak lawn around 20 years ago.............no parking issues there...... I wil...
by Mrxyz
Mon Oct 06, 2014 2:10 pm
 
Forum: Personal Consumer Issues
Topic: Road trip to Chicago with kids- what to do/recommendations?
Replies: 44
Views: 3350

Re: Road trip to Chicago with kids- what to do/recommendatio

field museum navy pier cab it in museum district go to top of willis tower or john hancock building for a nice view nike store is cool there Might be a little cold for Navy Pier soon. Not really. On Navy Pier, you have the Children's Museum, the Stained Glass Museum, and a number f restaurants, all...
by Mrxyz
Mon Oct 06, 2014 1:42 pm
 
Forum: Personal Consumer Issues
Topic: Road trip to Chicago with kids- what to do/recommendations?
Replies: 44
Views: 3350

Road trip to Chicago with kids- what to do/recommendations?

Hi all, I am taking my kids to Chicago for around 4 to 5 days in the coming weeks and wonder what recommendations you may have. Kids are 7 - 13 years in age. I have plans for buying the City pass ( http://www.citypass.com/chicago ) and going to the many locations offered. I will have a car to drive ...
by Mrxyz
Sat Oct 04, 2014 4:33 pm
 
Forum: Personal Consumer Issues
Topic: Road trip to Chicago with kids- what to do/recommendations?
Replies: 44
Views: 3350

Re: Should I (physician) get an MBA?

I work with several physicians/surgeons and hospital administrators in the C suite across several hospitals. I think that most physicians are excellent at being physicians, but are not necessarily good administrators. An advanced degree can help - but more importantly is the tolerance of meetings, ...
by Mrxyz
Sat Oct 04, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I (physician) get an MBA?
Replies: 31
Views: 3769

Re: Repair Van or buy new Van/SUV?

Axle replacement is not a big deal, I would get the van repaired rather than buying a new vehicle just because of that. My '97 Accord driver side CV split earlier this year and I replaced it myself with a new axle that cost < $60. Unfortunately this week I saw the passenger side axle has the same s...
by Mrxyz
Sat Oct 04, 2014 4:15 pm
 
Forum: Personal Consumer Issues
Topic: Repair Van or buy new Van/SUV?
Replies: 20
Views: 1527

Repair Van or buy new Van/SUV?

Hi I have a 2005 Honda Odyssey LX leather, with 150G miles- single owner(us), working fine. I was told last week that the inner CV boots are leaking a 'lot of grease' and strongly recommend replacing both front axles and passenger-side axle seal. Cost to repair at dealer was around $950 and at Midas...
by Mrxyz
Fri Oct 03, 2014 7:11 am
 
Forum: Personal Consumer Issues
Topic: Repair Van or buy new Van/SUV?
Replies: 20
Views: 1527

Re: Vanguard order placement to execution

@Mrxyz - Look into automatic investment. It'll give you more free time during the end of the week. :D I could do that, but I am not always sure of how much money I will have to move to the taxable from my bank account every month. But, its certainly possible to put a baseline minimum automatically ...
by Mrxyz
Fri Sep 26, 2014 11:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard order placement to execution
Replies: 7
Views: 1038

Re: Vanguard order placement to execution

Thanks for the replies. I have been 'faithfully' (too strong a word but..) adding money to taxable stocks over the years, usually at least monthly. For whatever reason, I have been buying the funds on Thursdays/ Fridays, (perhaps because I have more free time during end of week). It seems the stock ...
by Mrxyz
Fri Sep 26, 2014 11:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard order placement to execution
Replies: 7
Views: 1038

Re: Vanguard order placement to execution

Sorry about the confusion, but I meant eletronic bank transfer and not ETF. I have edited my post. Thanks
by Mrxyz
Fri Sep 26, 2014 8:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard order placement to execution
Replies: 7
Views: 1038

Vanguard order placement to execution

Hi all,

So once I place an order to buy Vanguard funds, using Electronic bank transfer thru my bank, how much time before it gets executed and which price does it buy the funds at?
Thanks
by Mrxyz
Fri Sep 26, 2014 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard order placement to execution
Replies: 7
Views: 1038

Re: Best nose hair trimmer (is this okay to ask?)

I think you are supposed to be plucking these hairs whenever you are out in the car and stopped at a stop light. At least that's what I see all the time. LOL, That is hilarious but true! But that will not be me!! I have a Wahl beard trimmer that has multiple head attachments. One is a nose/ear hair...
by Mrxyz
Sat Aug 23, 2014 8:48 pm
 
Forum: Personal Consumer Issues
Topic: Best nose hair trimmer (is this okay to ask?)
Replies: 36
Views: 2873

Best nose hair trimmer (is this okay to ask?)

Hi
Is this okay to ask?? Perhaps yes, if the hair clipper are discussed then why not nose hair trimmers..........

Anyway, I have bought many different brands- though mainly cheap ones, and they break sooner than later.
Any recommendations on what is really good??
Thanks for reading and responding!!
by Mrxyz
Sat Aug 23, 2014 7:54 pm
 
Forum: Personal Consumer Issues
Topic: Best nose hair trimmer (is this okay to ask?)
Replies: 36
Views: 2873

Re: Theater seating for basement projection TV

There are sellers who used to post on AVS forum that had good reputations. One guy's name was Roman and was NJ based. Also, I believe Berkline's used to do a demo day once a year where they sold off demo stock at big discounts. I am not as active at AVS as I used to be, so I am not fully current. I...
by Mrxyz
Tue Aug 19, 2014 7:05 pm
 
Forum: Personal Consumer Issues
Topic: Theater seating for basement projection TV
Replies: 5
Views: 889

Re: Flood proofing a basement

http://www.buildingscience.com/documents/digests/bsd-103-understanding-basements

Have you looked at this site - lots of information which may be helpful.
by Mrxyz
Fri Aug 15, 2014 1:43 pm
 
Forum: Personal Consumer Issues
Topic: Flood proofing a basement
Replies: 24
Views: 1925

Re: Theater seating for basement projection TV

Thanks for the response.
anyone has experience buying from online theater seating stores?
by Mrxyz
Fri Aug 15, 2014 1:40 pm
 
Forum: Personal Consumer Issues
Topic: Theater seating for basement projection TV
Replies: 5
Views: 889

Theater seating for basement projection TV

Hi

Any experiences/ suggestions/ advice on how/ where/ what to buy for theater seating for basement projection TV room?
Thanks
by Mrxyz
Tue Aug 12, 2014 10:49 am
 
Forum: Personal Consumer Issues
Topic: Theater seating for basement projection TV
Replies: 5
Views: 889

Re: So how long will I live? How long do I plan for?

YES! I am still here.....

Frankly the amount of information provided to me was/is overwhelming. The gist for me is basically to plan for more. But great replies and lots of additional information which I am very grateful for.

Thanks!!
by Mrxyz
Tue Jul 22, 2014 11:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: So how long will I live? How long do I plan for?
Replies: 55
Views: 4529

Home work books/materials/worksheets

Any suggestions for best homework books - (where to buy them?), worksheets etc for school kids? Looking for 2nd to 6th grade levels. Does anyone like online sites offering the same? This is comparable in part to what is offered by kumon/ sylvan learning center.
Thanks
by Mrxyz
Thu Jul 17, 2014 6:14 pm
 
Forum: Personal Consumer Issues
Topic: Home work books/materials/worksheets
Replies: 3
Views: 447

Re: Best CC for (new) purchases

If possible, do not settle for 1% cashback or for cards requiring annual fees. https://www.fidelity.com/cash-management/american-express-cards I use the rewards card above that gives 2% flat for everything, all year round, no questions, no limits, no minimums. regards, Ashutosh The BOA card has no ...
by Mrxyz
Sun Jun 22, 2014 10:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best CC for (new) purchases
Replies: 43
Views: 41447

Best CC for (new) purchases

Hi all,
I am buying furniture and home theater in the next month costing around $20,000. I currently have BOA 1-2-3 card which pays 1% back on purchases. What new CC should I get to get better cash back and/or discount?
Thanks
by Mrxyz
Sun Jun 22, 2014 10:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best CC for (new) purchases
Replies: 43
Views: 41447

Re: Pull-ups and Push-ups

How about the world's oldest marathoner! Also a 'late runner' and even a 'late walker as a child'!! http://edition.cnn.com/2013/05/09/sport/fauja-singh-marathon-oldest/ http://en.wikipedia.org/wiki/Fauja_Singh http://espn.go.com/espn/feature/story/_/page/Fauja-Singh/fauja-singh-runner
by Mrxyz
Sat Jun 07, 2014 2:07 pm
 
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 350
Views: 48002

Re: Counterfit Bitcoins

Counterfit or Counterfeit - both are wrong! :happy

Or was the thread title intentional!!
by Mrxyz
Fri Jun 06, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Counterfit Bitcoins
Replies: 4
Views: 383

Re: Pull-ups and Push-ups

Although it does not include pull-ups, here is a short workout that doesn't call for much equipment: The Scientific 7-Minute Workout ( high-intensity circuit training using body weight as resistance ) http://2.bp.blogspot.com/-zEBGZdvr6UQ/Uw5-106RqcI/AAAAAAAAA7U/TI9aZLouDUM/s1600/workout.jpg Those ...
by Mrxyz
Wed Jun 04, 2014 2:11 pm
 
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 350
Views: 48002

Re: running shoes for a severe overpronator(flatfoot)

Look up runnersworld.org website and their shoe finder option. Plug in some numbers like age, gender, injuries, and you get some pretty good recommendations including Editor's choice. Also look up their Summer, 2014 recommendations etc.
by Mrxyz
Fri May 30, 2014 3:32 am
 
Forum: Personal Consumer Issues
Topic: running shoes for a severe overpronator(flatfoot)
Replies: 45
Views: 3321

Re: Pursuing your calling in life at what cost?

We are a 33 year old couple (no kids) with $2.3M in net worth, no debt. My wife and I are both in jobs that we are good at but don't see it as our calling in life. For my wife, it's various forms of art and my income/our net worth has put us in a position where she is going to leave her job in the ...
by Mrxyz
Wed May 28, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pursuing your calling in life at what cost?
Replies: 58
Views: 4720

Re: cost indoor sliding door

Sounds like an expensive bid. But you need more details on the cost break up. Doors by themselves cost x $, labor of y $ etc. Also are the doors solid wood or hollow? Are the slides anything other than rollers and tracks? Are there locks on the doors? Is there any teardown to be done? Look up houzz ...
by Mrxyz
Sun May 25, 2014 7:27 pm
 
Forum: Personal Consumer Issues
Topic: cost indoor sliding door
Replies: 11
Views: 704
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