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by SkierMom
Wed May 27, 2015 4:10 pm
Forum: Investing - Theory, News & General
Topic: Let's hear your Dave Ramsey success stories
Replies: 77
Views: 11330

Re: Let's hear your Dave Ramsey success stories

It's hard for me to do something that seems mathematically dumb even if it will feel good to have it paid off. Most of the arguments for paying off a mortgage revolve around, "It FEELS good." I like listening to Dave Ramsey for the entertainment value - I'm alone in my car on my commute h...
by SkierMom
Tue May 26, 2015 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance as college saving
Replies: 13
Views: 683

Re: Life insurance as college saving

OP: We are also in California. Our local school district is inept at vetting presenters at school-sponsored College Planning Nights. These presenters are thinly-veiled insurance salesman that pitch the "borrow against whole life insurance policy to pay for your kids college" principals. No...
by SkierMom
Tue May 26, 2015 11:13 am
Forum: Personal Consumer Issues
Topic: Still make sense to have AAA membership?
Replies: 56
Views: 3803

Re: Still make sense to have AAA membership?

Nope.

1.) Pay for emergency roadside assistance with my auto insurer, at a 1/3 cost of a AAA annual membership.


2.) (FREE) Google Earth Pro & Google Maps.


3.) Priceline.com for hotel/car rental deals beat out AAA discounts.
by SkierMom
Fri May 22, 2015 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life or term life?
Replies: 33
Views: 2530

Re: Whole life or term life?

This may be a case where permanent life insurance makes sense. He might consider universal life. Another option is to investigate group life insurance options at his employer and understand the age limitations/conditions/underwriting. The fact of the matter is that this guy has huge liabilities tha...
by SkierMom
Thu May 21, 2015 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life or term life?
Replies: 33
Views: 2530

Re: Whole life or term life?

He is wanting to buy whole life. His reason is: if he invests $250 a month for 30 years (when dad turns 85) at 4% annual rate of return after inflation, step mom will only get 175K. If he buys whole life, step mom will get 300K when he dies. No - If your dad is willing to spend $3,000 per year, tak...
by SkierMom
Thu May 21, 2015 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited money and Roth contributions
Replies: 6
Views: 505

Re: Inherited money and Roth contributions

I think you may be confusing the transfer of the inherited grandfather's IRA to your father cannot be directly rolled over into a ROTH IRA for your father. However, the money generated from or taken out of the inherited IRA can certainly be put into Roth IRA for both your Mom and Dad. $13,000 a year...
by SkierMom
Thu May 21, 2015 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: homeowner vacancy insurance - yikes
Replies: 18
Views: 1316

Re: homeowner vacancy insurance - yikes

I asked BHs same question about a year ago here : http://www.bogleheads.org/forum/viewtopic.php?f=2&t=134508 My BIL, who hadn't bothered to confer with other Trustees for over year on any matters, suggested that we call our Homeowner's Insurance to add a rider to our existing policy to cover &qu...
by SkierMom
Wed May 20, 2015 3:46 pm
Forum: Personal Consumer Issues
Topic: How should drivers react to bicycle riders on one lane roads?
Replies: 68
Views: 2694

Re: How should drivers react to bicycle riders on one lane roads?

mr_scaramanga wrote:Is the biker to be treated the same as another car?


Absolutely. The biker is in effect, a slow moving vehicle. Give a lot of space, courtesy and pass when safe.

Also - never honk your car horn at a cyclist. This startles us frugal, two-wheeled folks and endangers us. I hate that.
by SkierMom
Fri May 15, 2015 6:02 pm
Forum: Investing - Theory, News & General
Topic: The striking effects of career sequencing with pension and 401k
Replies: 13
Views: 1912

Re: The striking effects of career sequencing with pension and 401k

There is of course, an option of retiring early and drawing a pension at 50 (say getting 50% of your salary) and concurrently getting a job in private consulting from years 50-65 while drawing your pension. You have the mathematical option of saving 50% of your private consulting salary for 15 years...
by SkierMom
Fri May 15, 2015 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody know of a good no-cost HELOC?
Replies: 10
Views: 837

Re: Anybody know of a good no-cost HELOC?

The Hanscom Credit Union Rates look awesome - but their membership qualifications are highly restricted.
by SkierMom
Thu May 14, 2015 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Critique my FA set up IRA
Replies: 14
Views: 702

Re: Critique my FA set up IRA

Enlightening, DBR. Do you know if the family funds change their fees per advisor, or are they generally cast in stone? For example, if you purchased American Funds through Capital Group or purchased them through Edward Jones? We can just end the discussion, of course, and say you ought not be purcha...
by SkierMom
Thu May 14, 2015 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Critique my FA set up IRA
Replies: 14
Views: 702

Re: Critique my FA set up IRA

So, this FA has been a "family friend" for a while. I want to make sure that I am knowledgeable on this before I approach her. I appreciate your position. A polite, but firm "No Thank You" doesn't necessitate any further justification and likely counter-argument you will get. Let...
by SkierMom
Thu May 14, 2015 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Critique my FA set up IRA
Replies: 14
Views: 702

Re: Critique my FA set up IRA

Critique: 1.) These are all stock funds. You do not mention your acceptable risk level or your age, but unless you are 22 I don't see a need to take on so much risk. Do you know what a balanced portfolio is or what your target Asset Allocation needs to be? Did your FA even mention this? Why do you n...
by SkierMom
Wed May 13, 2015 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity with UBS!!!
Replies: 20
Views: 2012

Re: Annuity with UBS!!!

Why don't you just liquidate and be done with UBS? Tomorrow
by SkierMom
Fri May 08, 2015 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Where should I keep my EF? [Emergency Fund]
Replies: 11
Views: 1072

Re: Where should I keep my EF?

Since contributions can be withdrawn from a Roth, that could be a second line of emergency funds after at least $1k in quickly available and safe cash. Maybe a $1k Target Retirement Income fund (30% stocks) is your best choice as others funds require 3k to start. You can contribute $5.5k/yr to Roth...
by SkierMom
Fri May 08, 2015 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plan for grandson
Replies: 10
Views: 1093

Re: 529 plan for grandson

Good Job Steve! Way to take this on without paying a 1% advisor fee. Like previous posters have stated, there are automatic age-based options that adjust AA as the child ages AND there are options that are straight-up Aggressive, Moderate and Conservative that do not adjust with age. I think the big...
by SkierMom
Fri May 08, 2015 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: High Expense 403b or Taxable
Replies: 13
Views: 697

Re: High Expense 403b or Taxable

Just so that I understand it, this OP will lose 3.5% of their investments yearly due to fees/expenses (union cronyism?), and that the consensus is that this 403 plan should still be used over maxing out a Roth + using a taxable investment account? How would you figure out the threshold point for bad...
by SkierMom
Wed May 06, 2015 10:55 am
Forum: Investing - Help with Personal Investments
Topic: DFA Fund help.
Replies: 12
Views: 1241

Re: DFA Fund help.

Artbug - Just curious but does your employer add basis points to the fund ER when purchased through the broker door? Most do, mine adds about 40 basis points, which would give this option a total ER of .96 even without a transaction fee it's still an expensive fund. All depends on what the expense E...
by SkierMom
Fri May 01, 2015 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Baby Step 8
Replies: 20
Views: 2640

Re: Baby Step 8

Respect all your hard work being frugal and living below your means, and stop getting taken to the cleaners by the ELPs. You can Google a lot of interesting threads about ELP kickbacks to Dave Ramsey. Here's a good one: https://www.bogleheads.org/forum/viewtopic.php?t=69498 I think Baby Step 8 is to...
by SkierMom
Fri May 01, 2015 10:54 am
Forum: Personal Consumer Issues
Topic: NZ Campervan insurance...
Replies: 7
Views: 378

Re: NZ Campervan insurance...

Surfstar - please keep BH posted! I am interested in doing a similar trip with our family.
by SkierMom
Fri May 01, 2015 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Baby Step 8
Replies: 20
Views: 2640

Re: Baby Step 8

First Eagle U.S. Value Fund has an expense ratio of 1.14 percent. Yikes. Welcome to the forum. The general consensus here is that Dave Ramsey's advice for getting out of debt aggressively is spot on. His advice for investing is lousy, misleading (i.e. don't worry about expense ratios, 12% returns) a...
by SkierMom
Tue Apr 28, 2015 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 185
Views: 12056

Re: engineers - please help with engineering school selectio

Would recommend that Mechanical Engineering Majors do not specialize at the BS level - be a generalist. Specialize with your MS degree. Not sure what the benefit of an "honors" program would give him. For engineering majors, 80-85% or so of classes are dictated to you, there is very little...
by SkierMom
Fri Apr 24, 2015 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 37
Views: 10115

Re: 2 million dollar mistake meeting with MIL's financial gu

Great post, Rallycobra, thank you for sharing. What the heck do his initials stand for anyway? It would be very interesting if you schooled this guy with BH theory, pointing out the flaws in his calculations. Might make a good blog post or personal finance piece you can sell. For me, I love the In-L...
by SkierMom
Wed Apr 08, 2015 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Fiance's investments
Replies: 17
Views: 1489

Re: Moving Fiance's investments

Professor Emeritus wrote:You and her dad? This does not sound good for any marriage.


+1,000,000,000

Sounds creepy to me. Do not, under any circumstances discuss your finances with In-Laws.
by SkierMom
Fri Apr 03, 2015 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Earthquake coverage in CA
Replies: 20
Views: 1137

Re: Earthquake coverage in CA

Look and see if you are in California Earthquake Zone 3 or 4 (maps on Internet USGS). 4 carries a higher risk of a damaging earthquake in your vicinity, whereas 3 not so much. Are you single-story or two-story? Two story houses transfer heavier loads to the foundation. What type of construction is y...
by SkierMom
Tue Mar 24, 2015 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ adult child hard-wired for poor financial decisions?
Replies: 45
Views: 5034

Re: Help w/ adult child hard-wired for poor financial decisi

IlliniDave: What you describe in your daughter sounds like classic ADD the way it manifests in girls/women. Specifically, the lack of planning and foresight, motivation, Real-World and future-think is replaced by what feels good in the moment (impulsive and spontaneous). I suspect she has likely str...
by SkierMom
Fri Mar 20, 2015 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Does your CPA/Tax Person help with reducing your taxes?
Replies: 66
Views: 6022

Re: Does your CPA/Tax Person help with reducing your taxes?

Most CPAs don't specialize in the tax code. We've been using an EA (IRS Enrolled Agent) the last three years who specifically advises us about taxes, tax efficiencies, knows the tax sensitivities and thresholds and is pro-active looking for deductions for us. My experience with CPAs is that all of ...
by SkierMom
Wed Mar 18, 2015 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Large Loan Debt, Need some advice
Replies: 24
Views: 1883

Re: Large Loan Debt, Need some advice

avenger wrote:That being said, I personally (barring any major capital gains) would use my taxable account to pay off some off some of the debt and make an effort to get that debt gone.


No way should the OP be doing this before getting married.
by SkierMom
Mon Mar 16, 2015 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Steering family away from costly Financial Adviser or MYOB?
Replies: 28
Views: 2430

Re: Steering family away from costly Financial Adviser or MY

This describes not only your situation but also those of so many others who have doubts about their advisers yet remain with them mainly because it seems easier. I think your issue(s) describe many family situations. It is a difficult thing to keep your mouth shut, and I surmise it will become even...
by SkierMom
Fri Mar 13, 2015 1:57 pm
Forum: Investing - Theory, News & General
Topic: American Funds beats the market 97% of the time?
Replies: 50
Views: 5546

Re: American Funds beats the market 97% of the time?

Sorry that you were entrapped by Ed Jones & the 5.75% commissions.
by SkierMom
Thu Mar 12, 2015 11:05 am
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford by Boglehead standards?
Replies: 31
Views: 4839

Re: How much house can we afford by Boglehead standards?

Hi Johnny: I concur with HaveHad, and run the numbers on living expenses with a few mortgage scenarios on one salary. Once you start having kids, one parent at home becomes a very desirable condition, albeit just temporary, for a few years while you have babies. My God, I remember the mayhem, the me...
by SkierMom
Wed Mar 11, 2015 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Which 529 plan are you using?
Replies: 49
Views: 3271

Re: Which 529 plan are you using?

archbish99 wrote:
We went Nevada; fees nearly as low, can manage through my Vanguard login, and works smoothly with UPromise.


+1
BUT, at the time (twelve years ago) California's plan was awful.
by SkierMom
Thu Mar 05, 2015 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 457 Options
Replies: 4
Views: 363

Re: Help with 457 Options

I too am in government with an expected pension to replace about 70-80% of my final salary. Because I have a pension, I feel that I can be more aggressive in my 457 account. The way I look at it (correct or not) my pension is like a large Bond fund holding, so my AA in my 457 is almost 100% equities...
by SkierMom
Tue Mar 03, 2015 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plans
Replies: 9
Views: 964

Re: 529 plans

Are you also a resident of TN? First thing to do is find out what, if any State of Tennessee incentives are for in-state residents contributing to the state 529 plan, which I believe offers Vanguard funds.

Some states have a match and some offer tax-credits or tax benefits.
by SkierMom
Tue Feb 24, 2015 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: What should I look for in an accountant?
Replies: 5
Views: 609

Re: What should I look for in an accountant?

For taxes, I would recommend an EA-Enrolled Agent licensed & certified by the IRS. EA's are more tax savvy, since that's all they do: Taxes. CPA's can be used for taxes as well, of course. But a CPA can know a whole lot about accounting and a very minimal amount about taxes. Look for a CPA that ...
by SkierMom
Thu Feb 05, 2015 1:55 pm
Forum: Investing - Theory, News & General
Topic: Milestone >$100k in my retirement investment portfolio
Replies: 30
Views: 3321

Re: Milestone >$100k in my retirement investment portfolio

Thank you for sharing - AWESOME JOB! Way-to-go! Yay for you.

....and thanks for being a gal in Physics! 8-)
by SkierMom
Wed Jan 28, 2015 4:40 pm
Forum: Personal Consumer Issues
Topic: Workplace net worth conversations you'd like to avoid?
Replies: 87
Views: 9696

Re: Workplace net worth conversations you'd like to avoid?

AZAttorney11 wrote:
I really can't envision a scenario where discussing your net worth and specific investment beliefs with a co-worker is beneficial.


I'm going to amend this to add, "....co-worker or in-laws..."
by SkierMom
Tue Jan 27, 2015 1:26 pm
Forum: Personal Consumer Issues
Topic: Engineered wood floors?
Replies: 20
Views: 2477

Re: Engineered wood floors?

Anyone with experience re-staining hardwood floors? I'm looking to strip the light stain off my birch flooring to a dark coffee stain. I think the contrast with white trim and white kitchens is sharp. I love the dark stain, and this trend has been popular for the last 10 years or so. I would say cur...
by SkierMom
Fri Jan 23, 2015 2:07 pm
Forum: Personal Consumer Issues
Topic: Women's Face Moisturizer/Lotion
Replies: 51
Views: 3831

Re: Women's Face Moisturizer/Lotion

Personally, I think it would be a great gift. Would suggest you visit Macy's and get some suggestions/ideas at their fab department with sales women that will fall over each other to help a man. They have packaged items in gift sets. I'm mid-40's and my favorites are from Bobbi Brown, Origins and Cl...
by SkierMom
Tue Jan 13, 2015 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help setting up college savings account
Replies: 37
Views: 2737

Re: Help setting up college savings account

Hi Josh! Congrats to you and your (sleep-deprived) wife! I'm sure 529CollegeGuy will find your question in a few moments to weigh-in with a great suggestion. My DH and I opened a Coverdell initially with Vanguard for less than $1,000 and then converted it to a 529 account after we had a few thousand...
by SkierMom
Wed Dec 10, 2014 2:44 pm
Forum: Personal Consumer Issues
Topic: Instruments and kids
Replies: 31
Views: 2008

Re: Instruments and kids

My two daughters are pretty social. We started both on piano at ages 7 and 5. It lasted one year. The issue is that to play an instrument, you must practice. For the piano, that meant sitting down by themselves in the den, alone. That wasn't going to happen without a whole lot of nagging. I figure I...
by SkierMom
Mon Dec 08, 2014 1:15 pm
Forum: Personal Consumer Issues
Topic: Youngster talented in science and math
Replies: 47
Views: 3676

Re: Youngster talented in science and math

I have always been the grateful recipient of a National Geographic subscription (Thanks, Dad!).

A little bit of science, engaged writing, adventure and great photography.
by SkierMom
Tue Dec 02, 2014 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: 529 asset allocation for small windfall
Replies: 17
Views: 1837

Re: 529 asset allocation for small windfall

How old are your children? Whoops - I see now they are 5. Their ages will influence the asset allocation that you chose for their college savings. You are correct to keep college savings asset allocation distinct from your own retirement asset allocation, as the time frames are different. The 529 pl...
by SkierMom
Fri Nov 21, 2014 5:47 pm
Forum: Personal Consumer Issues
Topic: Daycare payments - a way to get further discount?
Replies: 11
Views: 1659

Re: Daycare payments - a way to get further discount?

1.) Research other Daycare centers in your area to find one with lower rates and/or offers a sibling discount. 2.) Volunteer for the center for a negotiated discount (can you do bookkeeping, carpentry). 3.) Propose flexible schedules to both your employers, say 9/80 or 10-hour work days where you al...
by SkierMom
Fri Nov 21, 2014 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off our Mortgage this evening!
Replies: 75
Views: 10805

Re: Paid off our Mortgage this evening!

.....and the value of homes can also decrease (See 2008). Yep, Dave Ramsey is the current AM radio syndicate propagating the "Paid off home mortgage is the new status symbol replacing the BMW in the driveway" for....whatever reasons. Over-simplified investing advice based solely on the fac...
by SkierMom
Fri Nov 21, 2014 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off our Mortgage this evening!
Replies: 75
Views: 10805

Re: Paid off our Mortgage this evening!

I congratulate the financial goal achieved. That is the main point to be celebrated.

I don't believe in the paid-off mortgage as the new status symbol of choice, but I do believe in making financial goals happen.
by SkierMom
Fri Nov 21, 2014 1:24 pm
Forum: Personal Consumer Issues
Topic: Mail order gift basket
Replies: 5
Views: 604

Re: Mail order gift basket

Costco has great inexpensive gift baskets. You can purchase online . If purchasing in the store to see them in-person, a UPS store or Mailing center in a local mall can package and send for a nominal fee, even including a card or correspondence. This time of the year there are usually creative entre...
by SkierMom
Wed Nov 19, 2014 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Child's Education Savings (529) and life insurance plan
Replies: 18
Views: 2109

Re: Child's Education Savings (529) and life insurance plan

Only earnings in a 529 account are subject to a withdrawal penalty. Federal law imposes a 10% penalty on earnings for non-qualified distributions. The penalty is not assessed on principal. An exception to the penalty can be claimed if you terminate the account because the beneficiary has died or has...
by SkierMom
Tue Nov 18, 2014 7:55 pm
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 90
Views: 23933

Re: Private Placement Life Insurance

So....Mr. Donnelly, how did you become the publicist for Mr. Robbins?
by SkierMom
Tue Nov 18, 2014 7:17 pm
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 90
Views: 23933

Re: Private Placement Life Insurance

Who is Tony Robbins?

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