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Re: Helping out family members

What caused their financial issues? Loss of job or financial irresponsibility?

Normally people with money problems will always have money problems.

Money + Family can be a dicey situation.
by TRC
Thu Dec 18, 2014 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping out family members
Replies: 64
Views: 4431

Re: WHY is retirement enjoyable / something to look forward

Not that I'm retired yet, but my desire for retirement is simple:

To do what I want, when I want, and not having to worry about answering to someone else.
by TRC
Wed Dec 17, 2014 1:08 pm
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 141
Views: 8334

Re: I'm an Irrational Bond Chicken Little

What's your time horizon and how long have you been investing? I think a much bigger and more rational fear is your entire portfolio dropping significantly during the next down-turn and you having no money to pull from bonds that are on the sideline to buy equities when they go on sale. Personally I...
by TRC
Sun Dec 14, 2014 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: I'm an Irrational Bond Chicken Little
Replies: 32
Views: 2938

Re: What is the best meal you've had at a restaurant?

Marmalade in San Juan, PR.
by TRC
Wed Dec 10, 2014 7:06 pm
 
Forum: Personal Consumer Issues
Topic: What is the best meal you've had at a restaurant?
Replies: 88
Views: 6572

Re: responding to HR question about salary target

Just like you posted, I would politely tell them this is on the lower range and not enough for you to make a move. For the "right candidate", ask them if this is negotiable and if it is, proceed with the interview process. They could be lowballing you. Stand firm on what you need.
by TRC
Tue Dec 09, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: responding to HR question about salary target
Replies: 9
Views: 1144

Re: Instruments and kids

When did your kids start playing instruments, how old were they and what instrument did they start with? Anything you'd do differently? Thanks! TRC Listen to your children. Expose them to lots of music. They will let you know when they want to start and what they want to play. Let them pursue their...
by TRC
Tue Dec 09, 2014 4:19 pm
 
Forum: Personal Consumer Issues
Topic: Instruments and kids
Replies: 31
Views: 1919

Re: High(ish) earner; spending too much?

The real problem is budgeting for the $50K vacations after your high earning days are up. Are you going to just cold turkey separate yourself your current globe trotting social crowd? Might be worth it to slide half-half out of that world to broaden your activities to develop a backup plan. +1. I'm...
by TRC
Tue Dec 09, 2014 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 70
Views: 7984

Re: Do you celebrate financial milestones?

I hope to make the 2 comma club in our retirement portfolio in 2015. If we do, this will be the only place I tell anyone and we'll probably go out for a nice dinner!
by TRC
Mon Dec 08, 2014 8:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you celebrate financial milestones?
Replies: 105
Views: 12084

Instruments and kids

When did your kids start playing instruments, how old were they and what instrument did they start with?

Anything you'd do differently?

Thanks!
TRC
by TRC
Sat Dec 06, 2014 6:28 pm
 
Forum: Personal Consumer Issues
Topic: Instruments and kids
Replies: 31
Views: 1919

Re: Review a 26 year old's portfolio

Simplify it. You have way too many investments and too much money in individual stocks.
by TRC
Thu Dec 04, 2014 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Review a 26 year old's portfolio - Update 1
Replies: 35
Views: 3844

Re: Youngster talented in science and math

Maybe subscribe him to some campus life magazines from top tier math / science schools?
by TRC
Thu Dec 04, 2014 6:53 pm
 
Forum: Personal Consumer Issues
Topic: Youngster talented in science and math
Replies: 47
Views: 3301

Re: Rental Real Estate vs. Stocks and Bonds

Here's an anectdotal experience (results vary). In 2010, we bought a vacation house / rental property for $405K. We put down 150K and then refinanced it 2 years later bringing 50K to the table so the loan was just under 200K for a 15 year note. We rent it during the summer and use it when it's not r...
by TRC
Wed Dec 03, 2014 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental Real Estate vs. Stocks and Bonds
Replies: 71
Views: 7272

Re: Downhill Skis

I am looking for some used downhill skis. I heard there is some new rocker technology that is supposed to make turning a lot easier. Anything else to look for brand wise or new technology? I am 6'2" 220 lbs so I have been looking for 180cm+ skis, but I have noticed that skis seem to be getting...
by TRC
Wed Dec 03, 2014 11:20 am
 
Forum: Personal Consumer Issues
Topic: Downhill Skis
Replies: 10
Views: 1267

Re: Would you move/stay for better school district?

Can you move, but keep your kid in the same school? This is known as "school choice" in MA. But to answer your question, I dont think it's critical to be in the best school.
by TRC
Tue Dec 02, 2014 8:03 am
 
Forum: Personal Consumer Issues
Topic: Would you move/stay for better school district?
Replies: 55
Views: 4616

Re: First rental property question

My mother-in-law just turned 50 and I'm quite confident she would stay there for the length of the mortgage (i'm not counting on that though). From my experience, it ALWAYS looks easier on paper than in pratice. An issue I see with your logic is that you're approaching this by saying "we have ...
by TRC
Mon Dec 01, 2014 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: First rental property question
Replies: 14
Views: 1431

Re: Landlord wants us to sign an entirely new contract!

What are the issues with the new agreement. Are there any terms that you have a problem with?
by TRC
Fri Nov 14, 2014 8:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlord wants us to sign an entirely new contract!
Replies: 51
Views: 7852

Re: Consider freezing your credit

Thank you for the reminder and sorry to hear about your experience! I'm planning to freeze my kids credit too (ages 4 and 7).
by TRC
Thu Nov 13, 2014 7:28 am
 
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 45
Views: 4631

Re: Best budgeting tool given my account situation?

YNAB. We tried spreadsheets, envelops, and even just writing down our transactions in a note pad. YNAB far and away is the best. And it's free for 34 days to try, so you have nothing to lose by trying it first. Make sure you watch the training videos. One of the best features is the mobile app, allo...
by TRC
Sun Nov 09, 2014 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Best budgeting tool given my account situation?
Replies: 7
Views: 1160

Re: Electricity costs going up

I live in MA and use National Grid for my electricity. They just got approval from Board of Public Utilities to raise there rate to 16.18 per kWh nearly double our current rate. We have gotten letters from another company who will guarantee their rate at 11.99/kWh for 36 months. Is anyone familiar ...
by TRC
Sat Nov 08, 2014 8:05 am
 
Forum: Personal Consumer Issues
Topic: Electricity costs going up
Replies: 46
Views: 3692

Re: Very few kids in our neighborhood-Thoughts?

Seems like you're options are to: 1) Bring your kids to where the other kids are. When he gets older, he can probably ride his bike? 2) Bring the kids to your house/yard. Again, when they get older, bikes are an option 3) If it really bugs you, you can always move. But that seems drastic. We moved i...
by TRC
Tue Nov 04, 2014 12:04 am
 
Forum: Personal Consumer Issues
Topic: Very few kids in our neighborhood-Thoughts?
Replies: 29
Views: 3350

Re: fleeced by an adviser, is there a recourse?

I hate to sound harsh, but you have no one to blame but yourself. Good grief. That is simply blaming the victim. Societies make choices as to what tactics can be used by the crooked and unscrupulous. but as son as we prohibit one they invent another. It is a constant battle to update the social pro...
by TRC
Mon Oct 27, 2014 9:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 9351

Re: fleeced by an adviser, is there a recourse?

I hate to sound harsh, but you have no one to blame but yourself. You had every opportunity to read the prospectus and research the funds, not to mention his AUM fee. Suck it up, learn from your mistakes and move on. He did nothing wrong from the way you explained this.
by TRC
Mon Oct 27, 2014 7:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 9351

Re: Debit Card was hacked. Should I just use cash from now

All the spent money eventually comes out of my checking account, however, CC has protections built into it, cash back and delayed payment. I only see positives for using CCs for all expenses that can be paid with them. I plan on flying to New Zealand next year, funded by CC signup bonus points/mile...
by TRC
Mon Oct 20, 2014 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debit Card was hacked. Should I just use cash from now on?
Replies: 56
Views: 3983

Re: Attorney Hourly Rates?

Funny. I was actually talking with a soon to be attorney yesterday who's wrapping up her 8th year of higher education. She rattled off how much her 2 degrees have cost her in round #s and said "and yet people baulk at paying $200 an hour for our service".
by TRC
Mon Oct 20, 2014 4:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 3158

Re: Debit Card was hacked. Should I just use cash from now

Thank you for all the input. I just signed up for the visa / fidelity card with 1.5% cash back to our kids 529.

Time to get new debit cards and lock up the usage for a while.
by TRC
Sat Oct 18, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debit Card was hacked. Should I just use cash from now on?
Replies: 56
Views: 3983

Re: Younger investor advice

What is VFW? You'll get more feedback if you spell out what you have and the expense ratio. Assuming GLD = Gold and SLV = Silver, you have your eggs in very few baskets. Here's some advice: - Live well below your means - Invest as much as possible and stay the course, no matter what the market does....
by TRC
Sat Oct 18, 2014 4:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Younger investor advice
Replies: 3
Views: 450

Re: Kids & Sports

I coach u8 soccer for my sons team. He started playing at age 5. First year he cried nearly every game and hated it. At age six, he cried less(but still cried sometimes) even though I was coaching. This year he's one of the best on our team. Kids develop at different paces and he's only 6. hardship ...
by TRC
Sat Oct 18, 2014 3:13 pm
 
Forum: Personal Consumer Issues
Topic: Kids & Sports
Replies: 26
Views: 2360

Debit Card was hacked. Should I just use cash from now on?

Our debit card was recently hacked for $4.95 from a company called Healthy Choices Therapy. Looks like they've done this to a bunch of people and it's a very common scam: http://www.whatsthatcharge.com/HEALTHY-CHOICES-THERAPY-888-7176583-MD We believe it's from the recent Home Depot breach since my ...
by TRC
Sat Oct 18, 2014 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Debit Card was hacked. Should I just use cash from now on?
Replies: 56
Views: 3983

Re: Sale of house-closing tomorrow, buyer is backing out

Keep the money and relist. Next time make sure your realtor keeps showing the home even if you have an accepted offer. And don't put up a "sale pending" sign. It's for sale until the check is in your hand.
by TRC
Tue Oct 14, 2014 4:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Sale of house-closing tomorrow, buyer is backing out
Replies: 60
Views: 5398

Re: Nursing School: Student loans or retirement

Why not go to the cheapest possible state school to get your RN? My wife is an RN and she went to Umass Amherst school of nursing. Her co-workers who went to much less expensive schools (in some cases community colleges) are making the same hourly rate.
by TRC
Sat Oct 11, 2014 5:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Nursing School: Student loans or retirement
Replies: 28
Views: 2830

Re: Cleaning Up Acorns

Do you have a tractor? If so, try a tow behind "lawn sweeper"
by TRC
Fri Oct 10, 2014 10:43 am
 
Forum: Personal Consumer Issues
Topic: Cleaning Up Acorns
Replies: 37
Views: 2411

Re: What have you done to cut costs this year?

Finally started tracking our spending and "telling our money where to go" with You Need A Budget. My "impulse spending" is now in check, big time.
by TRC
Wed Oct 08, 2014 9:07 pm
 
Forum: Personal Consumer Issues
Topic: What have you done to cut costs this year?
Replies: 134
Views: 12393

Re: Lakefront property with small children?

I grew up on a lake and believe I had one of the best childhoods a kid could have. Swimming, fishing, turtle an frog hunting, my own small boat, wake boarding as I grew older. It was the best. If you can afford it, you won't regret it.
by TRC
Tue Sep 30, 2014 7:37 pm
 
Forum: Personal Consumer Issues
Topic: Lakefront property with small children?
Replies: 44
Views: 2263

Re: Treadmills

Sole Fitness.
by TRC
Fri Sep 26, 2014 5:20 pm
 
Forum: Personal Consumer Issues
Topic: Treadmills [vs. Ellipticals]
Replies: 55
Views: 4034

Re: Acura RDX - test drove it again and it's about off my li

I'm an acura TL owner. Never been in the rdx, but in general acuras tend to have stiffer / sportier suspension. The plus is they handle really well, especially in corners. If you want a real cushy ride, worth checking out the lexus RX.
by TRC
Thu Sep 18, 2014 6:56 pm
 
Forum: Personal Consumer Issues
Topic: Acura RDX - test drove it again and it's about off my list
Replies: 58
Views: 5790

Re: Any success stories of ppl who never made >$50,000?

Often, when browsing this forum, I see people asking for portfolio advice and usually they are dual medical professionals making north of $300,000 per year and have a $3 million plus portfolio. I am just wondering if there's anyone here who has a multi million dollar stock portfolio but has never m...
by TRC
Tue Sep 16, 2014 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 10414

Re: Repair/maintain the BMW or get a new car?

I used to have a 2008 335xi, manual. Absolute rocket ship. Sold it after two years and way too many visits for recalls and repairs. As a side note, my wife's honda odyssey just turned 5 years old and hit 80,000 miles. Not a single repair needed so far. Planning to keep it for another 5 years. I
by TRC
Sat Sep 13, 2014 6:56 pm
 
Forum: Personal Consumer Issues
Topic: Repair/maintain the BMW or get a new car?
Replies: 24
Views: 2362

Re: treating all investment accounts as one pool of money

With the exception of our kid's 529 accounts, all of our retirement accounts (401k, 403B, his Roth IRA, her Roth IRA, and our joint taxable) are all considered "1 account". Allows for fewer mutual funds required and easier to rebalance and keep track of. I do agree that if you have a speci...
by TRC
Sat Sep 13, 2014 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: treating all investment accounts as one pool of money
Replies: 26
Views: 2410

Re: Anyone have a house with a pool?

You're going to get two camps: Those that love pools and those that think they are the most dangerous thing in the world. We hapen to fall into the first campand just finished putting one in and we have young kids. They can both swim just fine and know not to go near it when we're not swimming. Main...
by TRC
Thu Sep 11, 2014 11:34 am
 
Forum: Personal Consumer Issues
Topic: Anyone have a house with a pool?
Replies: 32
Views: 2576

Re: Trying to get my company to switch to Vanguard 401(k)

You might want to try Fidelity. I convinced my company (200 employee) to switch about 3 years ago from ING to Fidelity.
by TRC
Wed Sep 10, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 2133

Re: Cape Cod; where to go and what to do?

Definitely go to the Beachcomber in Wellfleet - right on the beach and they have live music on weekends. A very cool place to hang out. Beachcomber is closed as of Labor Day. Where are you staying? What do you like to do? A few suggestions that come to mind: - Check out some of the beaches on the N...
by TRC
Tue Sep 09, 2014 8:49 am
 
Forum: Personal Consumer Issues
Topic: Cape Cod; where to go and what to do?
Replies: 13
Views: 1069

Re: The daddy of all grill islands

No island, but I have a webber genesis that is bulletproof and love it.
by TRC
Mon Sep 08, 2014 6:38 am
 
Forum: Personal Consumer Issues
Topic: The daddy of all grill islands
Replies: 35
Views: 2898

Re: Technologist to IT Sales Transition

I've been in it sales for 15 years and have worked side by side with many sharp sales engineers. Several tried to make the transition to sales person over the last 5 years. Only 1 was successful, the other 3 went back to their SE roles. All of them underestimated how hard the job is. I don't want to...
by TRC
Sat Sep 06, 2014 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Technologist to IT Sales Transition
Replies: 14
Views: 878

Re: My early 30's Ameriprise portfolio

Why would you want to keep "a portion active". Can your advisor show a 20+ year track record of beating the market after fees? How about a 5 year track record? The more you research passive investing, the more you'll realize its impossible for an advisor to beat the market, let alone match...
by TRC
Wed Sep 03, 2014 7:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: My early 30's Ameriprise portfolio
Replies: 36
Views: 3653

Re: Once your house appreciates +$250k, sell it?

This looks too easy. What's the catch (if you're single, no kids)? You're assuming the house will go up in value. +1. I bought a house in 2006 for 450K and sold it for 340K in 2012. I bought another house in 2010 for 400K and it's worth the same today. The catch is "you can't count on apprecia...
by TRC
Tue Sep 02, 2014 7:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Once your house appreciates +$250k, sell it?
Replies: 42
Views: 4096

Re: Which generator do you have?

Honda eu 7000is. 7,000 watts
Gasoline and totally portable so we can take to when we move.
$4,000 plus a few hundred to have the transfer switch installed.
by TRC
Sun Aug 31, 2014 9:33 pm
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 9367

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

Congrats on hitting that financial milestone! I'm a current landlord - previously owned a 3 family, but now own a beach condo for summer rental. Both are work. We enjoy ours in the off season for personal use, but it's work. Stuff breaks, people complain, and it's work. For us our family enjoys the ...
by TRC
Sun Aug 31, 2014 5:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 41
Views: 5973

Re: Debating whether to keep current vehicle or purchase ano

Drive it till the repairs start to get cost prohibitive. It's worth very little, so each additional year you can drive it is gravy considering it likely won't depreciate that much more. Snow tires make a world of difference if you're concerned about winter travel. Also, have a good mechnanic check i...
by TRC
Thu Aug 28, 2014 8:35 am
 
Forum: Personal Consumer Issues
Topic: Debating whether to keep current vehicle or purchase another
Replies: 44
Views: 2510

Re: Young, Ambitious and Relatively Clueless

Even though your company doesn't match, fund your 401K first. It will reduce your taxable income and provide you with tax free growth. Then if you have money left over fund a Roth IRA. Once you've maxed out your 401K and Roth IRA, then move onto a Taxable Account with Vanguard, Fidelity or Schwab. B...
by TRC
Wed Aug 27, 2014 7:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young, Ambitious and Relatively Clueless
Replies: 13
Views: 1485
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