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Re: A question for the Bogleladies or those who can consult

I wear Jockey panties. My DH ordered me a selection of Jockey styles and gave them to me for my birthday. He spent about $100. I tried on everything and kept about half. I love them and it was a very sweet gift.
by WorkToLive
Tue Jul 22, 2014 9:15 pm
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 5381

Re: retirement fund or college fund?

I think you have to ask yourself first, "Is my retirement on track?" There are several retirement calculators in the Bogleheads wiki for you to answer that question. If your retirement is on-track, then consider saving for college. If not, then it's clear it has to go to retirement (or to ...
by WorkToLive
Thu Jul 17, 2014 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: retirement fund or college fund?
Replies: 15
Views: 852

Re: How Much House Should I Buy?

Not to beat a dead horse, but you need to think hard about your plans for future children. Childcare is expensive, some decide public schooling is not right for their child (we do AMI Montessori), some women want to be home for the first few years, groceries go through the roof, vacations aren't che...
by WorkToLive
Tue Jul 15, 2014 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4380

Re: How much do you spend on your hobby annually?

Sewing is my hobby. I maybe spend $400/year. This will go up when I retire, but that's 20+ years off.
by WorkToLive
Sun Jul 13, 2014 12:59 pm
 
Forum: Personal Consumer Issues
Topic: How much do you spend on your hobby annually?
Replies: 77
Views: 6943

Re: Planning to purchase first home - need education

Good advice above, I'll add to check school district information if you have/plan on kids. Some may also want to check sex offender registry, nearby parks, commute, noise level, walkability, and sidewalk availability. In an ideal world, my house would face north/south. I might look for shade trees, ...
by WorkToLive
Fri Jul 11, 2014 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Planning to purchase first home - need education
Replies: 11
Views: 1321

Re: Anyone regret paying off mortgage early?

Congratulations! We paid off ours just over a year ago. No regrets at all. Enjoy your new reality.
by WorkToLive
Fri Jun 20, 2014 9:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 185
Views: 24831

Re: Pursuing your calling in life at what cost?

In my opinion, I really think you and your wife need to decide whether or not you will have kids or not. If you decide that you will, then you need to consider where you would like to raise your children and what kind of life you would like to provide them with. Before you decide for sure on this, I...
by WorkToLive
Wed May 28, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pursuing your calling in life at what cost?
Replies: 58
Views: 4528

Re: Your advice, ethical dilemma - job interview.

Sounds like you handled it perfectly. Good luck on the outcome! Keep us posted.
by WorkToLive
Wed May 28, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Your advice, ethical dilemma - job interview.
Replies: 30
Views: 2414

Re: 529 plans and UMTAs: do you include in net worth?

I do not include either UGMAs, 529s, Coverdells, or private school savings in my net worth. These funds will be used for the benefit of our daughter and not for us.
by WorkToLive
Sun May 25, 2014 1:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 plans and UMTAs: do you include in net worth?
Replies: 8
Views: 558

Re: Husband just lost job

It sounds like you are working to identify priorities, increase income, and keep expenses low. Those are great steps. The only thing that concerns me is your comment that the kids "deserve a good summer." Actually, they don't. You and your husband may want them to have a good summer, decid...
by WorkToLive
Sun May 25, 2014 8:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Husband just lost job
Replies: 60
Views: 6340

Re: Your 529 Plan - Thoughts and Strategies

1. How old are your children who you're saving for? We have one daughter, currently age 8 and finishing up second grade. 2. Which 529 Plan do you invest in? Currently invest in MD College Savings Plan, but have a former plan in Virginia that is still open. 3. What's the current balance? Total balanc...
by WorkToLive
Thu May 22, 2014 3:22 pm
 
Forum: Investing - Theory, News & General
Topic: Your 529 Plan - Thoughts and Strategies
Replies: 39
Views: 2803

Re: Recommended Parenting Books

Playful Parenting
Unconditional Parenting

Those are my two picks.
by WorkToLive
Tue May 20, 2014 10:39 pm
 
Forum: Personal Consumer Issues
Topic: Recommended Parenting Books
Replies: 30
Views: 2092

Re: Did you tell anyone you paid off your mortgage?

My husband and I told my parents and our daughter, and I told two of my very close friends. I hosted a small party with the five of us (filet Mignon, nice wine, etc.) at our house to celebrate. We have not told our siblings or any of my in-laws, nor do we plan to. I've never been asked, but I suppos...
by WorkToLive
Wed Apr 30, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 158
Views: 12226

Re: Did (will) you pay off your mortgage by retirement?

I chose Other. My husband and i paid off our mortgage last year at age 39 and are still planning to work for the foreseeable future. We paid it off in order to increase our monthly cash flow so that we could pay for private school for our daughter.
by WorkToLive
Tue Apr 29, 2014 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Did (will) you pay off your mortgage by retirement?
Replies: 68
Views: 3412

Re: How long to pay off your mortgage?

I paid off our 30 year mortgage in 5 years and 1 month. We did it for cash flow reasons. We are 40/39 and own our home. Feels great!
by WorkToLive
Fri Apr 25, 2014 6:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long to pay off your mortgage?
Replies: 66
Views: 15160

Re: Lump Sum 529 contribution or not?

One possible con would be if your state allows a capped annual deduction that cannot be carried over from year to year. In that case, you would only want to contribute the annual maximum to maximize your state tax deduction.
by WorkToLive
Fri Apr 25, 2014 11:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum 529 contribution or not?
Replies: 8
Views: 584

Re: Trouble with Financial Engines Account?

I've narrowed down the bug to affect Financial Engines when you have any Outside Accounts linked in. If I choose only to include my Vanguard accounts, I can get it to work, but if I add any one of my External accounts (Fidelity, and some others), I get the same unable to refresh error.
by WorkToLive
Mon Apr 14, 2014 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: Trouble with Financial Engines Account?
Replies: 18
Views: 3830

Re: I'm 23. What else should I be doing financially? TIA.

Sounds like you guys are doing really well. The best thing I ever did was create a complete budget that told every single dollar of income where to go. It helped me align my spending priorities with my income and set up a solid plan for the future. Some people hate tracking a detailed budget, but I ...
by WorkToLive
Mon Apr 07, 2014 2:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm 23. What else should I be doing financially? TIA.
Replies: 10
Views: 1335

Re: To buy or not to buy a new house?

If you are interested in good Montessori schools in MD suburbs, shoot me a PM. We have our daughter in one and couldn't be happier. Tuition at $11k per year is very reasonable. With two kids, the math is a bit less clear, however.
by WorkToLive
Mon Mar 31, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy a new house?
Replies: 15
Views: 2394

Re: Replace less than 80% of income in retirement?

As someone in a very similar position at age 31 (now husband and I are 39), perhaps I can provide some insight. You want to save as much as you can now so that you have the flexibility to take off a few years once you have a child (I was home for three years), You may want to have a stay at home par...
by WorkToLive
Thu Mar 06, 2014 10:24 am
 
Forum: Investing - Theory, News & General
Topic: Replace less than 80% of income in retirement?
Replies: 52
Views: 3388

Re: Giving newborn head start on retirement

Wow, I really like that idea of using the UTMA funds to fund a Roth if there is earned income. Personally, I've been investing in a Vanguard UTMA since my daughter was about 1. I do worry a bit about her having access to that money at 18, but she seems to have a good head on her shoulders and is eve...
by WorkToLive
Mon Feb 24, 2014 2:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Giving newborn head start on retirement
Replies: 23
Views: 3066

Re: Where is Vanguard cost basis from?

Nope, no reinvested dividends for me. I've always taken the dividends from my basket of stocks that I bought before I became a Boglehead and used them to purchase index funds.
by WorkToLive
Mon Feb 24, 2014 12:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where is Vanguard cost basis from?
Replies: 7
Views: 413

Re: Where is Vanguard cost basis from?

I suppose I'll just assume that that information was transferred years ago. Strange...
by WorkToLive
Mon Feb 24, 2014 11:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Where is Vanguard cost basis from?
Replies: 7
Views: 413

Where is Vanguard cost basis from?

In August 1994, I purchased shares of BMC Software. At the time, I believe my account was with someone called DJI-Direct or something. I can't remember what happened and if I made a change or DJI went out of business, but eventually my shares were transferred to VBS. When BMC Software turned private...
by WorkToLive
Mon Feb 24, 2014 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Where is Vanguard cost basis from?
Replies: 7
Views: 413

Traditional 401(k0 or Roth 401(k)

I wanted to get some advice on whether I should consider contributing to a Roth 401(k) instead of a traditional 401(k). Pertinent information is below. I can post everything if that's necessary, but did not want to unnecessarily lengthen this post. Married, file jointly, one child Ages: 39/39 AGI wi...
by WorkToLive
Mon Feb 03, 2014 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Traditional 401(k0 or Roth 401(k)
Replies: 1
Views: 201

Re: 529 questions

I wanted to note that transferring a 529 to a grandchild has some restrictions. From the BH wiki: The IRS takes an interest in a transfer whenever the transfer involves a shift two steps down from your generation, and "skips" a generation. This skip subjects the account owner (or beneficia...
by WorkToLive
Mon Feb 03, 2014 2:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 questions
Replies: 31
Views: 1906

Re: Annual gifting to children

My folks have been doing this for years. Their estate is worth $4.5M and they figured we could use the money now while we raise our kids instead of when they pass and we are empty nesters. You can gift someone up to $14,000 per year per person. So if you and your wife give to your child, you can giv...
by WorkToLive
Wed Jan 29, 2014 1:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Annual gifting to children
Replies: 30
Views: 2974

Re: Turbo Tax for Estates

I am sorry for your and your wife's loss. don't have any experience with this personally, but what I would likely do is start myself with TT and see how it goes. If it feels like it's too much, then id reconsider.mid also consider taking it to a tax professional for review after I did my best to com...
by WorkToLive
Sun Jan 12, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax for Estates
Replies: 12
Views: 612

Re: Poll: $ monthly contribution to 529/college savings

We live in MD and put $2,500 into two accounts for our one daughter to max out our state tax deduction. We also put $2,000 into a Coverdell account for her. Comes to roughly $580/month. We intend to pay 100% of her costs of attending a state school.
by WorkToLive
Wed Jan 08, 2014 3:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: $ monthly contribution to 529/college savings
Replies: 60
Views: 6068

Re: Change one thing

Realistic: Exercise 5x/week
Unrealistic: Not taken a two-year detour to an accounting career after returning to work as a new mom
by WorkToLive
Mon Jan 06, 2014 5:35 pm
 
Forum: Personal Consumer Issues
Topic: Change one thing
Replies: 29
Views: 2116

Re: College savings for a high-income household

One reason to consider opening a Coverdell is that it is the only tax-deferred account that can be used to fund K-12 private school education. If you think your kids will go to private school, it might be worth funding.
by WorkToLive
Wed Jan 01, 2014 10:52 am
 
Forum: Investing - Help with Personal Investments
Topic: College savings for a high-income household
Replies: 46
Views: 4643

Re: Official 2014 IRA is DONE sign-up

I cannibalized my IRA sinking funds last year to pay off my mortgage so I don't have the cash to contribute right away. I've set up automatic monthly contributions from my checking account and will fill the sinking fund back up for next year with my annual bonus in March. I figure dollar cost averag...
by WorkToLive
Wed Jan 01, 2014 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Official 2014 IRA is done. Sign-up
Replies: 47
Views: 2764

Re: POLL: Do you use your HSA funds to pay for medical expen

My HSA allows recording of each expense and attachment of a scanned receipt image. If it didn't, I'd probably have giant folders and go on a scanning binge at irregular intervals. ^^ It's a good idea to scan medical receipts. I think I will do this. I keep an Excel file of each medical expense, so ...
by WorkToLive
Thu Dec 19, 2013 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you use your HSA funds to pay for medical expenses?
Replies: 78
Views: 4529

Re: POLL: Do you use your HSA funds to pay for medical expen

LH wrote:
I have a single credit card that I use for all medical expenses, (its not the HSA card). I save all medical bills each year, staple then together, and then put them in a box, along with the year end credit card reciept.


^^ This is what I do.
by WorkToLive
Thu Dec 19, 2013 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you use your HSA funds to pay for medical expenses?
Replies: 78
Views: 4529

Re: Can I back contribute into Coverdell (ESA)?

http://www.irs.gov/publications/p970/ch07.html Contributions must meet all of the following requirements. They must be in cash. They cannot be made after the beneficiary reaches age 18, unless the beneficiary is a special needs beneficiary. They must be made by the due date of the contributor's tax ...
by WorkToLive
Thu Dec 19, 2013 8:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I back contribute into Coverdell (ESA)?
Replies: 3
Views: 273

Re: Buying Home vs Paying Off Debt

I don't think I would personally feel comfortable paying down $60k of student loan debt with $300/month, but it's a personal decision. Since you are are now in your 30s, you really need to get that retirement number closer to 15% and I just can't see how you would do that with this plan. Obviously, ...
by WorkToLive
Wed Dec 18, 2013 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Home vs Paying Off Debt
Replies: 15
Views: 1018

Re: Buying Home vs Paying Off Debt

What are your monthly expenses like now? How much will they increase due to home purchase (figuring in maintenance at 1% of home value per year, property tax, utility increase, additional needs like lawnmower, furniture, etc.) It sounds like you would go into this with a total of $8k in cash savings...
by WorkToLive
Wed Dec 18, 2013 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Home vs Paying Off Debt
Replies: 15
Views: 1018

Vanguard listing some stocks as Canada?

I checked my Portfolio Watch in Vanguard today and it had my Chipotle and SPX stocks in my Canada allocation. As far as I know, these stocks are not Canadian and they've never been listed there before. Any insight before I ask Vanguard?
by WorkToLive
Wed Nov 20, 2013 4:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard listing some stocks as Canada?
Replies: 0
Views: 155

Re: HSA Investing

My philosophy is as follows: --Save the maximum allowable in my HSA annually. --Pay for all medical costs out of taxed current income and save receipts in annual folders. --Invest the HSA assets in the lowest cost investment allowed (I have access to Vanguard S&P 500 - 0.17%) --Expect to withdra...
by WorkToLive
Fri Nov 01, 2013 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Investing
Replies: 11
Views: 1091

Re: Tax Gain Harvesting For Kids

I'm interested, but I don't follow. What do you mean, "book gains?"
by WorkToLive
Tue Oct 29, 2013 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Gain Harvesting For Kids
Replies: 24
Views: 1056

Re: Should I Pay Fees to Invest More of my HSA?

I hold the $5000 in cash at Optum Bank to avoid the investment fees as well. I do receive a pretty decent interest rate on the cash balance, though, so like EmergDoc, I consider it part of my emergency fund cash allocation.
by WorkToLive
Mon Oct 28, 2013 7:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I Pay Fees to Invest More of my HSA?
Replies: 11
Views: 967

Re: Want to have kids, scared of the financial consequences

It may be worth considering and researching having one child. That's what we did. I took off three years, worked part time for another two and went back to full time when she turned five. My career suffered a bit, but I have no regrets. I can't imagine doing it with two or more kids, though.
by WorkToLive
Fri Oct 25, 2013 9:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Want to have kids, scared of the financial consequences
Replies: 95
Views: 6220

Re: Aggressive Mortgage Paydown

I was in a similar situation five years ago. We decided to pay it off, mainly because we wanted the cash flow to fund private school for our daughter. We finished in June 2013 and I don't regret it. My rules were to max out all tax-deferred accounts, including paying for medical expenses out of pock...
by WorkToLive
Fri Oct 11, 2013 10:51 am
 
Forum: Personal Consumer Issues
Topic: Aggressive Mortgage Paydown
Replies: 38
Views: 4639

Re: 2nd Car for local driving-suggestions please

We bought a Honda Fit for this purpose. It's a wonderful car--cheap, reliable, great mpg, fantastic visibility with an AMAZING amount of space if you fold the seats down. It's fairly underpowered, but that's the only drawback.
by WorkToLive
Mon Sep 23, 2013 12:42 pm
 
Forum: Personal Consumer Issues
Topic: 2nd Car for local driving-suggestions please
Replies: 35
Views: 2363

Re: Father left my Mother Suddenly, Need advice

I didn't see it referenced above, but another task for your mom will be updating the beneficiaries listed on any of her accounts (TSP, Roth for starters; then life insurance, other accounts, will, etc.)
by WorkToLive
Mon Sep 23, 2013 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Father left my Mother Suddenly, Need advice
Replies: 64
Views: 9785

Re: Choosing VLCAX or VFIAX

This is all in my Roth so it won't be a good TLH opportunity. But, thanks for the tip. I do have 500 in my taxable account so I'll keep this in mind for the future.
by WorkToLive
Thu Sep 12, 2013 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Choosing VLCAX or VFIAX
Replies: 4
Views: 452

Choosing VLCAX or VFIAX

I'm underweighted in large cap stocks and about to make a purchase. I'm trying to decide between VFIAX (500 Index) and VLCAX (Large-Cap Index). They seem very similar. The only differences I see are that Large-Cap index has 645 stocks compared to 500 for 500 Index and that Large-Cap ER is 0.10% comp...
by WorkToLive
Thu Sep 12, 2013 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Choosing VLCAX or VFIAX
Replies: 4
Views: 452

Retirement calculators and dividend reinvestment

Good morning, Do retirement calculators generally assume dividend reinvestment? I'm starting to formulate a cash flow plan and wondering whether taking dividends in cash will alter the retirement calculations I've used to validate my savings rate. I generally use Financial Engines through Vanguard, ...
by WorkToLive
Thu Sep 12, 2013 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement calculators and dividend reinvestment
Replies: 1
Views: 215
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