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Re: What to prepare for first baby due next month?

If it is a boy, you and your wife should agree on your plans regarding circumcision.
by WorkToLive
Thu Nov 20, 2014 7:51 am
 
Forum: Personal Finance (Not Investing)
Topic: What to prepare for first baby due next month?
Replies: 55
Views: 2731

Re: War on Debt

1. & 3. Are you married? How old are you? I am not the poster you asked, but I will answer your questions. Yes, I am married and we are both 40. 2. What lengths would you go to stand up to your wife, if you were in my situation and what are the consequences do see from the actions you would take...
by WorkToLive
Sun Nov 09, 2014 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: War on Debt
Replies: 247
Views: 26617

Re: Tough spot, decided to lease a car

Well, to sum up, "if you do what you've always done, you'll get what you've always gotten."

Good luck, OP; I think you've got a long path ahead of you. Financial peace is a wonderful thing, once achieved. I urge you to continue on that path.
by WorkToLive
Wed Nov 05, 2014 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough spot, decided to lease a car
Replies: 209
Views: 13942

Re: AA...any other crazy 80/20 folks out there?

I'm 40 and 80/20. Here's my reasons: ⋅ Relatively high net worth (close to $3M, incl. $675k in home equity with no remaining mortgage) ⋅ Plan to cover my expenses for at least 15 more years with earned income ⋅ Large gains to rebalance would push me into higher tax brac...
by WorkToLive
Tue Nov 04, 2014 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA...any other crazy 80/20 folks out there?
Replies: 57
Views: 4788

Re: Self Employed Healthcare and Infertility

Perhaps a silly and ill-advised idea, but can your business support an employee so you can have group coverage including infertility?
by WorkToLive
Sun Nov 02, 2014 5:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Self Employed Healthcare and Infertility
Replies: 9
Views: 1078

Re: "I've had it" at work - how often

I'm an IT subcontractor program manager for infrastructure services (help desk, security, asset management, disaster recovery) at two hospitals and 25 other centers. I get that feeling about once a week. I've been in this job industry for 14 years and it's much worse than it used to be. I thought th...
by WorkToLive
Sat Oct 18, 2014 9:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12641

Re: Health Equity HSA--New Passive Plan

Called this morning to see when Investor Choice funds will be available for investment. The rep wasn't able to tell me.
by WorkToLive
Sat Oct 18, 2014 8:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Health Equity HSA--New Passive Plan
Replies: 42
Views: 5200

Re: Opinions on Montessori beyond the preschool years

When did your children stop going to Montessori school and why? My daughter is eight and is attending an AMI-accredited Elementary Montessori program. She is in her third year as an Elementary student after completing four years of Primary (2 1/2 - 6 1/2). We plan to keep her in the program since sh...
by WorkToLive
Wed Oct 15, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: Opinions on Montessori beyond the preschool years
Replies: 10
Views: 897

Re: The Role of Life Expectancy

I apply life expectancy in the vague sense that as a currently healthy 40 year old, I plan to have my assets last until age 95 (realistic) or 100 (conservative).
by WorkToLive
Wed Oct 15, 2014 9:16 am
 
Forum: Investing - Theory, News & General
Topic: The Role of Life Expectancy
Replies: 25
Views: 1701

Re: Those under 35 with a child 5 or under: Costs of child?

These costs are a little out of date as my daughter is now 8 and I am past 35, but when I fit into your category: --I was a SAHM, which "cost" us $8,000 in lost income. I went back to work when she turned 5. --We did not upgrade our house or car, so no expense there. --We used cloth diaper...
by WorkToLive
Mon Sep 29, 2014 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 58
Views: 4576

Re: Hit a financial milestone at an age milestone

Congratulations! Sounds like you and DW have achieved a nice balance. Nice work!

I paid off the mortgage before I turned 40 so I understand the age/financial milestone thing. Good luck and keep on trucking!
by WorkToLive
Tue Aug 26, 2014 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 5199

Re: The Best Health Savings Account Custodians?

I have had favorable experience with Optum Bank. They have the Vanguard S&P 500 at a decent rate. No fees so long as you have $5000 in cash aside from the investment portion.
by WorkToLive
Tue Jul 29, 2014 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: The Best Health Savings Account Custodians?
Replies: 4
Views: 888

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 8:15 pm
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 6070

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 11:42 am
 
Forum: Investing - Help with Personal Investments
Topic: retirement fund or college fund?
Replies: 15
Views: 915

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 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4934

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 11:59 am
 
Forum: Personal Consumer Issues
Topic: How much do you spend on your hobby annually?
Replies: 77
Views: 7583

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 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Planning to purchase first home - need education
Replies: 11
Views: 1410

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 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 185
Views: 25984

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 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Pursuing your calling in life at what cost?
Replies: 58
Views: 4690

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 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Your advice, ethical dilemma - job interview.
Replies: 30
Views: 2564

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 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 plans and UMTAs: do you include in net worth?
Replies: 8
Views: 596

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 7:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Husband just lost job
Replies: 60
Views: 6775

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 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Your 529 Plan - Thoughts and Strategies
Replies: 39
Views: 3008

Re: Recommended Parenting Books

Playful Parenting
Unconditional Parenting

Those are my two picks.
by WorkToLive
Tue May 20, 2014 9:39 pm
 
Forum: Personal Consumer Issues
Topic: Recommended Parenting Books
Replies: 30
Views: 2323

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 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 158
Views: 12885

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 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Did (will) you pay off your mortgage by retirement?
Replies: 68
Views: 3488

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 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long to pay off your mortgage?
Replies: 66
Views: 15310

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 10:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum 529 contribution or not?
Replies: 8
Views: 618

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 2:38 pm
 
Forum: Investing - Theory, News & General
Topic: Trouble with Financial Engines Account?
Replies: 18
Views: 3858

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 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm 23. What else should I be doing financially? TIA.
Replies: 10
Views: 1388

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 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy a new house?
Replies: 15
Views: 2446

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 9:24 am
 
Forum: Investing - Theory, News & General
Topic: Replace less than 80% of income in retirement?
Replies: 52
Views: 3455

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 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Giving newborn head start on retirement
Replies: 23
Views: 3109

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 11:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Where is Vanguard cost basis from?
Replies: 7
Views: 446

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 10:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Where is Vanguard cost basis from?
Replies: 7
Views: 446

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 9:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Where is Vanguard cost basis from?
Replies: 7
Views: 446

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 3:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Traditional 401(k0 or Roth 401(k)
Replies: 1
Views: 209

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 1:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 questions
Replies: 31
Views: 1940

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 12:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Annual gifting to children
Replies: 30
Views: 2992

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 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax for Estates
Replies: 12
Views: 759

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 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: $ monthly contribution to 529/college savings
Replies: 60
Views: 6511

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 4:35 pm
 
Forum: Personal Consumer Issues
Topic: Change one thing
Replies: 29
Views: 2191

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 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: College savings for a high-income household
Replies: 46
Views: 4886

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 9:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Official 2014 IRA is done. Sign-up
Replies: 47
Views: 2818

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 4:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you use your HSA funds to pay for medical expenses?
Replies: 78
Views: 4724

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 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you use your HSA funds to pay for medical expenses?
Replies: 78
Views: 4724

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 7:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I back contribute into Coverdell (ESA)?
Replies: 3
Views: 281

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 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Home vs Paying Off Debt
Replies: 15
Views: 1024

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 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Home vs Paying Off Debt
Replies: 15
Views: 1024
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