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Re: Cost, duration of grad school?

How old are you kids? I went to grad school. I graduated with approximately $150k in student loans, which I was able to pay off entirely within 4 years because I enrolled in a program that that provided employment opportunities upon graduation good enough to manage the price of attendance. While sur...
by RobInCT
Wed Aug 20, 2014 9:49 pm
 
Forum: Personal Consumer Issues
Topic: Cost, duration of grad school?
Replies: 29
Views: 1200

Re: eBay product misrepresented

If you like the jacket and it fits, I don't understand the problem? What would you like the seller to do? Undo the alterations so that it no longer fits so that you can pay to have them redone yourself? I guess if it's just a principle thing, you can ask the seller to issue a refund and pay for retu...
by RobInCT
Wed Aug 20, 2014 8:10 am
 
Forum: Personal Consumer Issues
Topic: eBay product misrepresented
Replies: 7
Views: 828

Re: Reducing time spent paying bills

With credit cards, if you call the bank they'll almost always let you pick the day on which your payment is due. Some will even let you choose/change the date online. I have mine set to be due the same day as my rent. Cable and cell phone get automatically charged to my credit cards, so I don't have...
by RobInCT
Wed Aug 20, 2014 8:04 am
 
Forum: Personal Consumer Issues
Topic: Reducing time spent paying bills
Replies: 25
Views: 1652

Re: When did you downsize?

Lots of personal factors to consider here. My parents had a relatively amicable divorce with an agreement that my father would continue to make it possible for my mom to stay in what had been the family home until the youngest (my little sister) left for college. They sold the house during my sister...
by RobInCT
Sat Aug 16, 2014 9:40 pm
 
Forum: Personal Consumer Issues
Topic: When did you downsize?
Replies: 35
Views: 3236

Re: Student Loans

Liked studying it but didn't like the job. Fantasy didn't meet reality. Thats why I wanted to work at a law firm and get a few informational interviews at other law firms before even applying/matriculating to law school. So far, at my job I like it a lot. Its a million times better than being an ac...
by RobInCT
Wed Aug 13, 2014 7:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 32
Views: 3197

Re: What are you doing re charitable giving (money, not time

My partner and I give 10% annually. We also subscribe the secular version of tithing. We've been given great gifts, and we feel a moral obligation to return some of those gifts to our community, without whom our success would not have been possible, and to give to the world at large, particularly to...
by RobInCT
Sun Aug 10, 2014 3:34 pm
 
Forum: Personal Consumer Issues
Topic: What are you doing re charitable giving (money, not time)
Replies: 26
Views: 1506

Re: FICO to raise credit scores

Sigh....I will still be the same credit rating as I have no medical debt in collections...or any debt in collections to be removed.... Why do these people get higher scores again? Perhaps because people who have access to data regarding repayment rates have determined that people with unpaid medica...
by RobInCT
Sun Aug 10, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: FICO to raise credit scores
Replies: 11
Views: 1814

Re: Fear of Disclosing Net Worth

I see lots of people discussing why they think information about their income and net worth isn't knowable by financial companies and the like. I don't see anyone pointing to more-than-hypothetical negative consequences of having the information known. If you just don't want companies knowing becaus...
by RobInCT
Sun Aug 10, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Fear of Disclosing Net Worth
Replies: 60
Views: 8037

Re: Fear of Disclosing Net Worth

Do you own a house? Is it one commensurate with your net worth? Property records are public. Have you applied for a credit card and disclosed your salary in connection with the application? Where do you keep you money? They certainly know how much you have there. I guess you could go to extraordinar...
by RobInCT
Sun Aug 10, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Fear of Disclosing Net Worth
Replies: 60
Views: 8037

Re: Affording a 1.3 million home?

I think you can afford it, and I think you should do it as long as you are reasonably certain that this is a home you'll want to stay in for a very long time. People who are suggesting renting for a few years seem to discount the possibility that both rent and housing prices may continue to rise, pe...
by RobInCT
Sun Aug 10, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Affording a 1.3 million home?
Replies: 105
Views: 10967

Re: Buying a house and a car

Thanks for the tips. Leasing a car is something I don't think she's even considered. We'll look into that. Renting for a year is unfortunately likely not an option. She has geographic restrictions on where she's able to live that relate to her job, and rental stock within the defined perimeter is sp...
by RobInCT
Sat Jul 26, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house and a car
Replies: 6
Views: 453

Buying a house and a car

Asking this question on behalf of my sister-in-law who is relocating from a HCOL area where she has not needed to own a car back to the medium COL area where she grew up. She knows the area well, has a lot of family there, and is intending this move to be long-term. She would like to buy a house rel...
by RobInCT
Sat Jul 26, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house and a car
Replies: 6
Views: 453

Re: Lost a lot in stocks and starting fresh: Please Help

I don't think you should pay off the 0% credit card debt right now. I think you should put everything towards savings/emergency fund and then pay the 0% credit card debt as a lump sum out of the savings/emergency fund right before the interest rates reset. Reason? 1) You can earn a small amount int...
by RobInCT
Wed Jul 23, 2014 6:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Lost a lot in stocks and starting fresh: Please Help
Replies: 90
Views: 12145

Re: Beneficiaries

As for the original question, picking beneficiaries, primary is 100% to wife, secondary is 100% divided equally among all children. You have to trust your wife (or the chosen guardian) to raise the kids when you can't. And, you don't want to list the names of the children as beneficiaries; if/when ...
by RobInCT
Tue Jul 22, 2014 8:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Beneficiaries
Replies: 23
Views: 1384

Re: Lost a lot in stocks and starting fresh: Please Help

You have repeatedly expressed your pride in helping your sister and brother. If you were the only one impacted, I'd commend your noble impulses. However, I don't see anything in your comments about whether your wife is as proud of this as you are. Do her opinions on matters of this type matter to y...
by RobInCT
Tue Jul 22, 2014 8:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Lost a lot in stocks and starting fresh: Please Help
Replies: 90
Views: 12145

Re: SAT preparation

A truly intelligent person will learn how to overcome limitations and succeed no matter the test format. With respect, this statement is virtually meaningless in the context of the SAT where students are ranked against each other and the student is being measured against other "truly intellige...
by RobInCT
Sun Jul 13, 2014 3:58 pm
 
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 30
Views: 2446

Re: SAT preparation

Have her take a practice test. See if she's happy with the score and whether that score will get her where she needs to go. If it won't, consider coaching. If your concern about coaching is the cost tell her that you will consider it if she shows you she's serious about wanting to improve by doing a...
by RobInCT
Sun Jul 13, 2014 2:00 pm
 
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 30
Views: 2446

Re: High end purses

My SO has a job where a $10 Wal-Mart purse would not be work-appropriate. Some industries have different dress codes than other industries. You could argue that a) SO is wrong and no one notices or cares what she's carrying, b) even if people do notice or care, if she's a good enough employee they'...
by RobInCT
Sun Jul 13, 2014 1:52 pm
 
Forum: Personal Consumer Issues
Topic: High end purses
Replies: 119
Views: 12403

Re: High end purses

My SO has a job where a $10 Wal-Mart purse would not be work-appropriate. Some industries have different dress codes than other industries. You could argue that a) SO is wrong and no one notices or cares what she's carrying, b) even if people do notice or care, if she's a good enough employee they'l...
by RobInCT
Sun Jul 13, 2014 12:52 pm
 
Forum: Personal Consumer Issues
Topic: High end purses
Replies: 119
Views: 12403

Re: Investing To Buy A House

It's not exactly recommended around her, but my ideal timeline for buying a house is about 2-3 years, and my downpayment is in 1/3 total stock market, 1/3 intermediate term tax-exempt bonds, 1/3 cash. It's been that way for a couple of years. I realize this is more risk than most on this board would...
by RobInCT
Sun Jul 13, 2014 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing To Buy A House
Replies: 13
Views: 1308

Re: Variable vs. Fixed Rate Student Loan

Keep at 3%. If rates go up to 5%+, pay off early using money saved for house downpayment.
by RobInCT
Fri Jul 04, 2014 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Variable vs. Fixed Rate Student Loan
Replies: 7
Views: 654

Re: Adult child @ home

I would not handle the situation by asking the adult daughter to pay bills without first consulting with your wife. Step 1: Get on same page with wife. Step 2: Figure out what to do based on whatever the joint resolution is of step 1.
by RobInCT
Fri Jul 04, 2014 9:25 am
 
Forum: Personal Consumer Issues
Topic: Adult child @ home
Replies: 23
Views: 2162

Re: Budget for charitable giving

I've recently been increasing my charitable giving too. One way I've done it is when I'm asked for money by someone I know for some Charitable event (running a marathon, biking event, walk etc) if it's a good cause, I donate 4-5x what I used to do. So where I used to give the co-worker $20 for thei...
by RobInCT
Wed Jun 11, 2014 9:12 am
 
Forum: Personal Consumer Issues
Topic: Budget for charitable giving
Replies: 39
Views: 2619

Re: How To Encourage A Young (Sensitive) Child In Sports

What sort of "coaching" are 6 year olds getting? I thought sports at that age were about learning listening skills, good sportsmanship, and very basic rules of a game? Please don't be a psycho. Congratulate him when he listens to instructions, puts on his uniform without being reminded, or...
by RobInCT
Wed Jun 11, 2014 8:50 am
 
Forum: Personal Consumer Issues
Topic: How To Encourage A Young (Sensitive) Child In Sports
Replies: 115
Views: 5571

Re: Pre-nup at only $1M networth, do I need it?

I think this is a relationship question and not a finance question. I make considerably more than my long-term girlfriend. We're both single, never been married, no kids (yet). If we ever decide to marry, I would not ask for a pre-nup. The only situation in which I would consider a pre-nup is one i...
by RobInCT
Sun Jun 01, 2014 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pre-nup at only $1M networth, do I need it?
Replies: 199
Views: 12625

Re: Budget for charitable giving

Do charities generally invest their money and live off the proceeds? Or do they just keep having to fund-raise and never become (financially) independent? In the United States, at least, there are fairly complicated laws governing how not-for-profits can spend their money. I believe in most circums...
by RobInCT
Sun Jun 01, 2014 3:56 pm
 
Forum: Personal Consumer Issues
Topic: Budget for charitable giving
Replies: 39
Views: 2619

Re: Pre-nup at only $1M networth, do I need it?

I think this is a relationship question and not a finance question. I make considerably more than my long-term girlfriend. We're both single, never been married, no kids (yet). If we ever decide to marry, I would not ask for a pre-nup. The only situation in which I would consider a pre-nup is one in...
by RobInCT
Sun Jun 01, 2014 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pre-nup at only $1M networth, do I need it?
Replies: 199
Views: 12625

Re: Budget for charitable giving

I agree with starting with issues that are important to you or with which you have a personal connection. For example, I live in a city with a significant homelessness problem, and I feel bad about never giving money to people asking for it in the street, so I donate to a local charity that helps ho...
by RobInCT
Sat May 31, 2014 9:19 pm
 
Forum: Personal Consumer Issues
Topic: Budget for charitable giving
Replies: 39
Views: 2619

Re: Cash Advance on a credit card

Cash advances almost always come with withdrawal fees, do not earn rewards, and start accruing interest immediately. Walk into the bank, fill out a withdrawal slip and hand it to the teller. Unless your bank charges you to go inside, I see no reason to make 5 ATM withdrawals over a 5 day period.
by RobInCT
Sat May 10, 2014 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash Advance on a credit card
Replies: 21
Views: 1484

Re: Are Tornado Shelters Worth the Cost?

Are you friendly with your next-door neighbors? Maybe you could buy one big enough for both families and share the cost. Give both families keys.
by RobInCT
Sat May 10, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: Are Tornado Shelters Worth the Cost?
Replies: 52
Views: 3736

Re: Anyway around apartment lease rip off?

The student needs to check the rental laws in his area. In some areas, the landlord has a duty to mitigate (i.e. try to find someone to take the apartment for the month the student is currently responsible for it) and can only charge the renter for actual damages (i.e. the amount of time the apartme...
by RobInCT
Sat May 10, 2014 2:35 pm
 
Forum: Personal Consumer Issues
Topic: Anyway around apartment lease rip off?
Replies: 30
Views: 1801

Re: Should I be worried about my girlfriend's debt?

To me it sounds like OP is trying to have it both ways. On one hand he wants to insist he has no responsibility for any of his girlfriend's debt until they get married (perfectly okay), but on the other hand he seems to feel like he has a right to dictate/manage how she deals with the debt he discla...
by RobInCT
Wed May 07, 2014 6:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I be worried about my girlfriend's debt?
Replies: 57
Views: 4842

Re: Family Refinance of a Student Loan

Nevermind, missed that it was your parents and not hers.
by RobInCT
Sat Apr 05, 2014 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family Refinance of a Student Loan
Replies: 4
Views: 548

Re: I accidentally discovered a coworkers salary... now what

If you only saw her W-2, you don't know that she makes more than you do. You know, at best, that in 2013 she received more money from the company that the federal government classified as "wages, tips, and other comp" than you did. For all you know, she got a 20-year longevity bonus, worke...
by RobInCT
Sat Apr 05, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 5974

Re: Ancestry Tests

I looked into doing one of these and decided not to once I read the research behind it and realized that they had significant limitations and were unable to return results at a level of confidence that I was willing to pay for.
by RobInCT
Thu Mar 27, 2014 9:20 am
 
Forum: Personal Consumer Issues
Topic: Ancestry Tests
Replies: 19
Views: 1975

Re: how do student loans work?

Eleven years elapsed between when I started college and when I finished my professional degree. During that time period alone, there were no fewer than three substantial revisions to the federal student loan program that affected whether student loans were a "good deal" or not. I finished ...
by RobInCT
Wed Mar 26, 2014 8:32 am
 
Forum: Investing - Help with Personal Investments
Topic: how do student loans work?
Replies: 9
Views: 1089

Re: student loan interest

My source was not just some random internet site, but FedLoan Servicing, a Department of Education servicer. This specific thread appears to be moot since OP found the answer to his question, but for the benefit of anyone reading this thread in the future, I wanted to make clear that the terms of p...
by RobInCT
Sat Jan 18, 2014 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1107

Re: student loan interest

Correct. Non-capitalized interest is not compounded. So loan companies are basically making additional money by applying payments first to the portion of of the debt that is not accruing interest instead of to the portion that is. And most people never notice. What is confusing about this? We alway...
by RobInCT
Sat Jan 18, 2014 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1107

Re: First Speeding Ticket: What Would You Do?

Seriously, don't hire a lawyer, show up in court, if the cop shows up, plead no contest. If he doesn't, you lucked out and get off. Before you go to court, make sure the ticket was filled out correctly--date, time, location, officer's name, etc. If it wasn't, even if the cop shows up you can point o...
by RobInCT
Sat Jan 18, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4475

Re: student loan interest

RobInCT: Can you comment on why it would matter where the loan company applies the payment? Is it because non-capitalized interest is not being compounded? Otherwise, it seems like it hardly matters; the borrower has to pay back both the accrued interest and the principal anyway. Correct. Non-capit...
by RobInCT
Sat Jan 18, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1107

Re: student loan interest

More information is required, but my guess is that they were applying extra payments to interest instead of to principal. If you had non-capitalized interest that had built up over a number of years (for example if the loans were in deferment for a period of years, or because you weren't making paym...
by RobInCT
Fri Jan 17, 2014 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1107

Re: I Retire Next Year and am 100% Stocks

But I also don't want to get left behind if I am a nervous Nellie. Get left behind how? Either you have enough to retire on (given expected return rates) or you don't. If yes, why are you still gambling? Sure, we'd all like more. But do you really need more? If you do, maybe you should reconsider r...
by RobInCT
Thu Jan 16, 2014 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Retire Next Year and am 100% Stocks
Replies: 20
Views: 1922

Re: Seeking Advice/Direction: Kids Allowence, Paying for Cho

From a cognitive science perspective, 4 and 6 seems really young. The 4 year old might not even reliably be able to do arithmetic. Kids do need to learn about money, saving, what things cost, etc. Not sure I think they need to--or can--learn it before kindergarten. Put another way, if your kid isn't...
by RobInCT
Thu Jan 16, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice/Direction: Kids Allowence, Paying for Chores
Replies: 29
Views: 1037

Re: Pros/cons of home funding approach?

Once you're married and she out-earns you, are you going to stay home if you can't afford "your half" of the yearly vacation? What happens if you can't afford "your half" of your kids' college education?
by RobInCT
Thu Jan 16, 2014 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pros/cons of home funding approach?
Replies: 8
Views: 448

Re: Reached first savings milestone: 1x salary

I will say, though, that many/most of the "glide slopes" that are out there aren't really that great from a typical Boglehead perspective...they just don't go far enough. They tend to use figures aimed at providing 70%-80% of income starting at age 65-70. I think an early and/or comfortab...
by RobInCT
Thu Jan 16, 2014 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reached first savings milestone: 1x salary
Replies: 29
Views: 3094

Re: Paying for College while Retired -- FAFSA Strategies

Strategies: Convince your kids to get married before attending college, then they are considered independent. Put all your money into an annuity, poof asset is gone :D Have your child have a child & then they are considered independent If you still have a mortgage, you could pay it off & vo...
by RobInCT
Tue Jan 14, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying for College while Retired -- FAFSA Strategies
Replies: 50
Views: 2712

Re: Paying for College while Retired -- FAFSA Strategies

Moral: If you're an achiever and responsibly accumulate assets for a semblance of financial security, you (and by default - your kids) will be penalized. If you're a slacker, squander your earnings and do not save anything, you will qualify for all sorts of aid. Of course, you can save it all in IR...
by RobInCT
Tue Jan 14, 2014 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying for College while Retired -- FAFSA Strategies
Replies: 50
Views: 2712

Re: How much should a good dentist make yearly?

I don't understand why you're angry with your wife for not earning more than you do. It seems like you're fixating on her earnings when the problem (if there is one) is spending and not earning. You guys make plenty of money. I recommend you try to figure out the actual problem and come up with actu...
by RobInCT
Sat Jan 11, 2014 3:30 pm
 
Forum: Personal Consumer Issues
Topic: How much should a good dentist make yearly?
Replies: 78
Views: 15745
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