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Re: Time to go back to cash and ditch the Credit Card?

I don't have any problems with these breaches because we use a regular credit card with $0 fraud liability and not a "fake" credit (debit card with VISA or MC logo) card to make purchases. It's the credit card companies that will drive the security improvements. As far as changing all my p...
by SkierMom
Thu Sep 25, 2014 2:51 pm
 
Forum: Personal Consumer Issues
Topic: Time to go back to cash and ditch the Credit Card?
Replies: 39
Views: 3168

Re: We have a grocery problem... [Household budget]

anonforthis, Can I hire you to come in my house and do this for my family?
by SkierMom
Mon Sep 22, 2014 2:33 pm
 
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 10631

Re: Rainy day fund

OP: I've found a lot of variance on this topic depending on individual circumstances and investing risk tolerance. Accounting for a percentage that should be an "emergency" fund, we have ours in Vanguard Wellington. Both husband and I have secure government jobs, that given the odds, both ...
by SkierMom
Mon Sep 22, 2014 2:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rainy day fund
Replies: 6
Views: 628

Re: College Savings vs Aid: 529s, UTMAs, FAFSA, and all tha

[quote="Ybsybs"][quote="TomatoTomahto"] Cost of College - EFC (expected family contribution for a US college) = Need (which US colleges and the US government cover through a combination of grants and loans) What I find frustrating with the above equation, and I'm sure it echoes B...
by SkierMom
Tue Sep 16, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: College Savings vs Aid: 529s, UTMAs, FAFSA, and all that
Replies: 47
Views: 2287

Re: This Forum is Amazing! Newbie ready to jump in the deep

Is there a general agreement among Bogleheads to fully fund your retirement accounts prior to 529 savings? Definitely a discrepancy between BH's on this one. IMHO, even if you invested a moderate sum at the sale of your condo (say $15,000) in a low cost, direct-sold 529 account for each of your boy...
by SkierMom
Thu Sep 04, 2014 7:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: This Forum is Amazing! Newbie ready to jump in the deep end!
Replies: 17
Views: 1863

Re: Mortgage Lender Question

DH and I were in a similar situation in 2012. We bid on a Short Sale in the foreclosure process and the realtor representing the home we wanted to purchase made a requirement that our offer include a pre-qual letter from the bank that was currently holding the first mortgage. In a way, it was the ba...
by SkierMom
Thu Sep 04, 2014 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Lender Question
Replies: 7
Views: 938

To Roth or Not to Roth for College Savings?

Good article here from Vanguard's Maria Bruno. http://vanguardblog.com/2014/08/22/to-roth-or-not-to-roth-for-college-savings/ Point of clarification I have, can I take out the contributions we've made to our children's 529 accounts without penalties (tax penalties or general penalties otherwise) jus...
by SkierMom
Thu Sep 04, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: To Roth or Not to Roth for College Savings?
Replies: 4
Views: 433

Re: My early 30's Ameriprise portfolio

[quote5. Can you speak to the tax efficiency or inefficiency of the portfolio?][/quote] You're holding bonds in your taxable account through the Hartford Balanced Fund: bad news for both short-term and long term Capital gains = tax inefficient. I hate "mutual funds" by insurance companies ...
by SkierMom
Wed Sep 03, 2014 5:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: My early 30's Ameriprise portfolio
Replies: 36
Views: 3411

Re: 1 Year Bogleheadiversary - Before and After Picture

Thank you for posting a great story.

I do look for your thoughtful comments and the Stanford tree in the posting ID column, Swimirvine.
by SkierMom
Thu Aug 28, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1 Year Bogleheadiversary - Before and After Picture
Replies: 70
Views: 9719

Re: Protecting one's bank account from PayPal

Link PayPal to a credit card, then cancel that credit card. This ensures Paypal will not make any charges to your account, at will, (which they are wont to do) nor have their hand in your pocket through your banking account. I originally set up a separate savings-only account at a credit union separ...
by SkierMom
Thu Aug 28, 2014 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Protecting one's bank account from PayPal
Replies: 29
Views: 3108

Re: Hit a financial milestone at an age milestone

OP, nicely-written post. Congrats. For perspective to other BHs, it is expensive to live in NorCal and our home equity portion of total worth does become skewed. I second the importance of taking international vacations, particularly with kids; money is to be enjoyed and life is about experiences, n...
by SkierMom
Wed Aug 27, 2014 1:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 5087

Re: Mortgages and financial freedom

I'm in the camp that piling a bunch of money into an illiquid asset is not likely to "make" people feel more comfortable. In our case, it would mean that over 50% of our net worth would be tied up into California real estate. Now THAT's scary. Regardless, I would still owe property taxes a...
by SkierMom
Tue Aug 26, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6888

Re: Is it me, or are "collectibles" worthless in 2014?

...eBay has become more focussed on professional and corporate sellers. Not a good combo for cleaning out the hobby closet. Agree +1 eBay is often called, "The best idea for the Internet marketplace, run the poorest." eBay policy changes the last 4-5 years (high fees, feedback policies, P...
by SkierMom
Mon Aug 25, 2014 1:37 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6273

Re: Tropical vacation next winter with infant-where?

We took our kids (ages 8 and 10) last year (June 2013) on trip to SE Asia to visit my brother in Singapore. Loved the Lion City - great place for kids and adults and tropical to boot, tho very pricey. Sentosa Island has a waterpark and Universal Studios, and the museums and parks as well as the nigh...
by SkierMom
Mon Aug 11, 2014 5:45 pm
 
Forum: Personal Consumer Issues
Topic: Tropical vacation next winter with infant-where?
Replies: 40
Views: 2782

Re: Considering a trip to Bali

Went to Bali in June 2013. Will never go back. What a disappointment. What you need to know is that Indonesia is the fourth-largest country in world population-wise. They have a surging birth rate and Bali, with a Western tourism-draw, generally has a much higher standard of living than can be found...
by SkierMom
Mon Aug 11, 2014 4:06 pm
 
Forum: Personal Consumer Issues
Topic: Considering a trip to Bali
Replies: 10
Views: 1338

Re: Vanguard's Facebook presence

Personally, I have fun on FB - Vanguards presence on FB mainly reminds me of upcoming seminars, webcasts, new book titles, etc.

And really, Ed Jones investors are not likely demographics to use FB.
by SkierMom
Mon Aug 04, 2014 2:37 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard's Facebook presence
Replies: 26
Views: 2422

Re: retirement fund or college fund?

Use the Vanguard College Cost Calculator - This calculator is far and away the best one I've seen; know that other calculators will always try to convince you to invest the maximum. Only the Vanguard one is modifiable to change your predicted return rate, change the inflation rate of college expense...
by SkierMom
Thu Jul 17, 2014 7:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: retirement fund or college fund?
Replies: 15
Views: 891

Re: Help holding persoanl finance workshops

I too am very interested in volunteering time as a BH to the community, specifically as a college savings adviser. I went to a "College Savings" seminar sponsored by my children's elementary school. This was just a presentation from a "Certified College Planner" that was attempti...
by SkierMom
Tue Jul 08, 2014 6:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help holding persoanl finance workshops
Replies: 18
Views: 1381

Re: How to admit/should I admit alcohol problem to employer

I quit drinking 18 months ago. The money you will save buying orange juice instead of micro beers ends up being significant, I'm surprised no fellow BH's have mentioned that. As for the boredom, you NEED to take up a hobby that you cannot possibly do while drinking. I like triathlons. As a manager, ...
by SkierMom
Mon Jul 07, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to admit/should I admit alcohol problem to employer
Replies: 111
Views: 13640

Re: Help with 85 y.o. parents' retirement portfolio

Hey abyan, your parents don't own your brothers' mortgage, they own your brothers' house. As such, I'd nudge them to quietly help him move out of the house to other rentable premises if he cannot make the payments. Clear this house issue up now - THIS is the pink elephant in the room. As a sibling w...
by SkierMom
Tue Jun 24, 2014 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with 85 y.o. parents' retirement portfolio
Replies: 53
Views: 5019

Re: Is 6 months of savings needed?

Kosmo - I love your numbers and analysis. Haven't personally fact-checked them but my thinking aligns with yours.
by SkierMom
Fri May 09, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is 6 months of savings needed?
Replies: 33
Views: 3811

Re: Why bad/expensive 401(k)s will likely always be with us

Nuerospere:

Can you explain what the "firm's 5500 filing" is and how these forms can be publicly-accessed for the particular company you may work for?
by SkierMom
Fri Mar 28, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 116
Views: 8930

Re: Insurance for Unoccupied Home

Barnicle Bob:

Great question. This is AAA. I believe it was defined loosely by a family member to be, " as long there is a bed and some furniture in the home and periodic visitation and over night stay.

Again, no furniture and no one has stayed overnight in the house for over 18 months.
by SkierMom
Wed Mar 05, 2014 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance for Unoccupied Home
Replies: 13
Views: 564

Insurance for Unoccupied Home

BHs: Unoccupied home (no personal effects) held in a Trust with three sons equal co-Trustees. Home has maintained utilities. It is currently for sale. Home has been unoccupied since August 2012; no furniture or personal effects since January 2014. Question concerning current Homeowners Insurance tha...
by SkierMom
Wed Mar 05, 2014 6:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance for Unoccupied Home
Replies: 13
Views: 564

Re: Concerns re: Relocating to Illinois (Chicago)

+1 Northwest Suburbs. Anything in Schaumburg, Hoffman Estates, Palatine, Arlington Heights will get you a nice modest house (waaay below what you would pay for it in California) in safe neigborhoods with High Schools that feed into top-rated University of Illinois - Champaign. Chicago is an awesome ...
by SkierMom
Mon Mar 03, 2014 2:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Concerns re: Relocating to Illinois (Chicago)
Replies: 40
Views: 2939

Re: Things to do in St.Louis with a toddler

Can't believe no one suggested the Anheiser-Bush Brewery.

Beer for Mom and Dad and seeing cute Clydesdale horses for the kids.
by SkierMom
Wed Feb 26, 2014 8:23 pm
 
Forum: Personal Consumer Issues
Topic: Things to do in St.Louis with a toddler
Replies: 15
Views: 932

Re: Anyone use UPromise?

SkierMom again. I wanted to add to my post above that our $2,000 account balance is NOT based on us using the Upromise credit card. True, you will get more money into your Upromise account when you shop online using the Upromise links and credit card, but we've never done that. We use either a cash-...
by SkierMom
Wed Feb 26, 2014 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use UPromise?
Replies: 14
Views: 1969

Re: Anyone use UPromise?

Love Upromise! What's not to like about Free Money? Granted, I think their coupons are lacking and frankly the grocery store credits are very minimal. Where you can take advantage of the program is through the online shopping links. I personally do the far majority of my shopping online (hate stores...
by SkierMom
Wed Feb 26, 2014 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use UPromise?
Replies: 14
Views: 1969

Re: POLL: Pay down 3.5% mortgage or invest in taxable?

Maybe I'm missing something (usually I am ......) but this decision would also be based on the amount of equity and estimated market value of the home in relation to your overall portfolio. I think NOT considering this scews the conclusion towards paying off a mortgage. Why would I pay off my mortag...
by SkierMom
Thu Jan 23, 2014 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Pay down 3.5% mortgage or invest in taxable?
Replies: 89
Views: 7924

Re: engineering certifications

Asking to be called an "engineer" without an engineering degree is a little bit like asking to be a physician without going to medical school. +1 squared.....engineering humor! IMHO, a BS in engineering with a PE stamp is the equivalent of an advanced degree. Sorry, you don't get "en...
by SkierMom
Thu Jan 16, 2014 5:39 pm
 
Forum: Personal Consumer Issues
Topic: engineering certifications
Replies: 15
Views: 1133

Re: I Retire Next Year and am 100% Stocks

Wellington is invested as follows: 65% S&P 500, 35% A rated long bonds. Is that where you want to be? OP, I like Wellington for our taxable investment account (it came to us in 2010 as a significant lump sum) simply because it offers a nice balanced AA in one fund. I know I need a balanced AA, ...
by SkierMom
Thu Jan 16, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Retire Next Year and am 100% Stocks
Replies: 20
Views: 1930

Re: Help with wife's 401k-Trying to move to Vanguard

For small businesses, they can also try the Costco-sponsored Sharebuilder through Capital One. They can set up and administer a business 401k plan on the cheap.
by SkierMom
Mon Jan 06, 2014 4:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with wife's 401k-Trying to move to Vanguard
Replies: 9
Views: 540

Re: Celebrating the small financial victories....

a government 457b plan, which has plenty of benefits to outweigh the deficiencies of the SPP website and the lack of detailed information on the SPP funds. When I have a little more weight in the account, the self-directed brokerage option (which they also make getting information about rather diff...
by SkierMom
Mon Dec 30, 2013 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Celebrating the small financial victories....
Replies: 42
Views: 3922

Re: Celebrating the small financial victories....

Cheers Mudpuppy!

What a wonderful, optimistic post. I love it.

Cheers to all of us on the right path, taking in those small victories.

Woo-Hoo!
by SkierMom
Mon Dec 30, 2013 4:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Celebrating the small financial victories....
Replies: 42
Views: 3922

Re: TSP Survey on Self-Directed Mutual Fund Window

My employer currently offers a Self-Directed window through ING. The punch line is that they add $50 annual charge + 36 basis points on top of the total administrative & expense ratio fees. The fees generally negate the low cost indexing benefit of going outside our crappy 401k investment option...
by SkierMom
Wed Dec 11, 2013 5:34 pm
 
Forum: Investing - Theory, News & General
Topic: TSP Survey on Self-Directed Mutual Fund Window
Replies: 35
Views: 3551

Re: Selling House in a Trust - Who Pays Capital Gains?

Thanks for the replies BHs - Retread, Ourbooks & Spirit.

The trust will terminate upon escrow closing on the sale of the family home, likely 2014.

Any changes in the trust tax structure on the horizon from the 2013 quoted amounts in 2014?
by SkierMom
Mon Dec 02, 2013 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House in a Trust - Who Pays Capital Gains?
Replies: 11
Views: 1390

Re: Selling House in a Trust - Who Pays Capital Gains?

but the distribution of it would carry it out to the beneficiaries. Bruce Thanks Bruce. I'm not sure what you mean by that last sentence. That is what I understand, however, that the Trust pays the Capital gains on the profit. Since the Trust really only has minimal interest income at this point (l...
by SkierMom
Wed Nov 27, 2013 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House in a Trust - Who Pays Capital Gains?
Replies: 11
Views: 1390

Re: Selling House in a Trust - Who Pays Capital Gains?

Bruce: This is a SImple Irrevocable Trust (?) A Family Trust set up by my Father in Law, who passed in 2011 (forming an A Trust) and my Mother in Law who passed in August 2012 (is this the B Trust?). This is the family home that was owned by and lived in by them since 1968. All their assets were pla...
by SkierMom
Tue Nov 26, 2013 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House in a Trust - Who Pays Capital Gains?
Replies: 11
Views: 1390

Re: should my nephew apply to a top-tier university?

I dunno:

Great Creative Writing Skills + B.S. = 1 Heckava Lawyer
by SkierMom
Tue Nov 26, 2013 7:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: should my nephew apply to a top-tier university?
Replies: 274
Views: 11979

Selling House in a Trust - Who Pays Capital Gains?

Question for all the CPA/attorney types: When a house is sold held in a trust, does the trust pay the Capital Gains taxes on profit (sold cost - stepped up value) or do the beneficiaries pay? Seems to me it would be more prudent for the Trust to sell the home, then have the capital gains taxes paid ...
by SkierMom
Tue Nov 26, 2013 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House in a Trust - Who Pays Capital Gains?
Replies: 11
Views: 1390

Re: Utah 529 custom age-based portfolio

I don't think the allocation is bad, just complicated. Who will be doing the annual re-balancing? Mr. Eric D. Nelson, CFA states, " Many 529 plans are “broker sold”, meaning they are peddled by commission-based brokers and levy significant upfront fees and ongoing expenses. The typical alternat...
by SkierMom
Thu Nov 21, 2013 5:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Utah 529 custom age-based portfolio
Replies: 4
Views: 517

Re: College Planning Seminar or Insurance Sales Pitch?

mmm, I know a Certified Financial Planner (CFP) is a step up in genus from the Common Broker, but a CFP does not have a fuduciary responsibility, in my understanding. I looked up the qualifications: XXXXXXX, MBA, CFP®, CCPS ..... a Certified College Planning Specialist and Certified Financial Planne...
by SkierMom
Wed Nov 20, 2013 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: College Planning Seminar or Insurance Sales Pitch?
Replies: 13
Views: 715

Re: investment with after tax money or pay off mortgage?

Better in terms of economic security/cashflow in 5-10 years? Paid off house. Better in terms of ending up with the most money? Three fund approach will probably beat 3.25% over the next 15 years, but there is a chance it won't. Better economic security? You're ignoring the potential of the paid-off...
by SkierMom
Wed Nov 20, 2013 6:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: investment with after tax money or pay off mortgage?
Replies: 29
Views: 1957

Re: Vanguard Wellington instead of total bond market?

For clarification, I think the OP is asking about the appropriateness of utilizing the bond component of the Wellington fund; not the fund itself as a replacement for Vanguard Total Bond Market. Personally, I do the same thing since I favor Wellington's bond slant of mid-term corporate Vs. getting t...
by SkierMom
Wed Nov 20, 2013 3:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellington instead of total bond market?
Replies: 14
Views: 3662

College Planning Seminar or Insurance Sales Pitch?

Tonight in my small rural community there was a presentation by a CFP regarding college planning and savings investments at the public high school. The rep did present (albiet rather quickly) on 529 options in California (mentioned no state tax advantage) then pitched, er, presented on his "529...
by SkierMom
Tue Nov 19, 2013 9:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: College Planning Seminar or Insurance Sales Pitch?
Replies: 13
Views: 715

Re: John Hancock Rep. Refuses to be Honest!

I am still waiting for that one lawsuit that will change the whole industry on the common Man suing due to lack of fudiciary responsiblity by HR and/ or the plan sponsors. LOVE THAT +1. Where do I sign up for the Class Action? Seems like too many HR folks simply do not understand fees. Why, why, wh...
by SkierMom
Mon Nov 18, 2013 2:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 6170

Re: 2013 BOGLEHEAD CONTEST -- Two months to go.

Got you beat, Gordon. #54 @ 1622.22 It's my far superior analytical skills and financial acumen.......NOT! The number was the total price we paid for some carpeting installed at our house on December 28, 2012. I just so happened to have the invoice in my hand when I read Taylor's post. Hey, my syste...
by SkierMom
Thu Oct 31, 2013 7:35 pm
 
Forum: Investing - Theory, News & General
Topic: 2013 BOGLEHEAD CONTEST -- Two months to go.
Replies: 13
Views: 708

Re: gixen ebay sniping mirror service

I prefer doing my own sniping on eBay. It's one of those things you can get a rush from, you know, part of the fun of auction sites themselves. And it's free.....
by SkierMom
Thu Oct 10, 2013 6:48 pm
 
Forum: Personal Consumer Issues
Topic: gixen ebay sniping mirror service
Replies: 26
Views: 1597

Re: Rental Real Estate

Why invest in actual Real Estate? Maybe I'm missing something, but what margins are people using to calculate the return on their real estate investment property? 7-10% ? Considering that you have to deal with the drama of unsavory or irresponsible types on occasion, costs of upkeep, taxes, property...
by SkierMom
Wed Oct 02, 2013 6:40 pm
 
Forum: Investing - Theory, News & General
Topic: Rental Real Estate
Replies: 10
Views: 1153

Re: California 529 plan

Fellow Californian here. We have the Vanguard Nevada 529 accounts for our two kids. We chose the Nevada plan ten years ago because we had our Roth accounts with Vanguard. At the time of our eldest daughters' birth (10 years agao) the California plan had limited fund choices and higher fees. The plan...
by SkierMom
Mon Sep 30, 2013 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: California 529 plan
Replies: 8
Views: 590
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