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Re: Spouse of Federal Employee Seeking advice

If the $70,000 is an inheritance you may wish to keep it in a separate account, in your own name and not mix the funds. What would be the value in keeping it separate? I don't have any problem with it becoming family money. For the $10,000 for each child why aren't you handling the money for them n...
by bonniecrocker
Tue Jul 02, 2013 3:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse of Federal Employee Seeking advice
Replies: 26
Views: 1613

Re: Spouse of Federal Employee Seeking advice

Not sure what to say about this. What is the 12 year old decides in a few years that he or she wants to be a doctor or an engineer. Tough luck for them. I suspect the husband went to a 4th rate school or a community college Why would you think "tough luck" That would never occur to me. Yo...
by bonniecrocker
Tue Jul 02, 2013 3:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse of Federal Employee Seeking advice
Replies: 26
Views: 1613

Re: Spouse of Federal Employee requesting advice

They stoppped sending paper notifications a couple years ago, although I think they still send them to folks right around retirement age. You can look up your current benefits here: [url]http://www.ssa.gov/myaccount/[/url Now I know why I haven't received anything. :happy Thank you for the link.
by bonniecrocker
Tue Jul 02, 2013 2:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse of Federal Employee Seeking advice
Replies: 26
Views: 1613

Re: Spouse of Federal Employee requesting advice

Your information is available on the SS website.


Thanks! Will check it out.

If you want auto-pilot (and apparently you do), target funds are not only a good choice, but probably your best choice.


You are correct. I do so good to know I've chosen what is best for my situation.
by bonniecrocker
Tue Jul 02, 2013 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse of Federal Employee Seeking advice
Replies: 26
Views: 1613

Re: Requesting Investment Help and advice on current status

I say the surviving spouse will receive pension(s)


True plus social security for the kids so I wouldn't need as much as I was thinking. I think the max you can get at WAEPA is 750K but that would be plenty with the pension and kids social security.
by bonniecrocker
Tue Jul 02, 2013 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse of Federal Employee Seeking advice
Replies: 26
Views: 1613

Re: Spouse of Federal Employee Seeking advice

Regarding insurance and FEGLI specifically, I would recommend you contact WAEPA


We actually have heard of them so thank you so much for the reminder. We are checking into them now.
by bonniecrocker
Tue Jul 02, 2013 2:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse of Federal Employee Seeking advice
Replies: 26
Views: 1613

Re: Requesting Investment Help and advice on current status

Bonnie, I have just posted something in your other thread - about the stocks. Be sure to read that. I did and thanks. I responded. A tip about all target funds - other than using the date to help you get into the right ball park, ignore the date in the name. Pick a target fund by the stock to bond ...
by bonniecrocker
Tue Jul 02, 2013 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse of Federal Employee Seeking advice
Replies: 26
Views: 1613

Re: General Question re: stocks

You two could take your husband's name off the taxable account that holds the money market fund. Then it would be yours alone. Then the money could go there directly instead of making a stop at USAA If the stocks are sold, then I would think I don't have to have an account in my name only. It's can...
by bonniecrocker
Tue Jul 02, 2013 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

Bonnie, it sounds like the stocks are getting transferred over to USAA. Is that correct? (Or did you decide to have her sell if for cash?) Do you want to keep the stock or sell it? I'm thinking at this point to sell it would be easier all around. If you sell it, do you want the money to stay at USA...
by bonniecrocker
Tue Jul 02, 2013 1:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

That's why you're better off owning an index fund that covers the entire market; every good stock is guaranteed to be in the index. Someone else mentioned an index fund and I'm reading up on them. How would I go about doing that exactly? If you haven't already maxed out your Roth and Traditional IR...
by bonniecrocker
Tue Jul 02, 2013 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

Wait until it is in your Vg MMF. Read some books. Be patient. Relax. Take your time. Cripes! She just emailed again. Said waiting to hear from you. Subtle but underlying tone is hurry up and make a decision. I'm in no hurry to decide what to do with it but only in a hurry to get it from her so she ...
by bonniecrocker
Tue Jul 02, 2013 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: Spouse of Federal Employee requesting advice

You may want to add in when your goal is the for financial independence (retirement date). I will run with an an assumption of 14 years. I'm thinking 2030. Husband will be 65. I'm sure if we can manage it, he would like earlier. You may also want to add in how much is being saved into the TSP, will...
by bonniecrocker
Mon Jul 01, 2013 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse of Federal Employee Seeking advice
Replies: 26
Views: 1613

Spouse of Federal Employee Seeking advice

I want to be frank and say upfront that honestly I am having trouble comprehending how to manage my finances. I purchased the Bogle investing book some time ago and even though I've read it is an easy read, it isn't for me. I get totally confused and end up throwing it by the wayside. I'm one of tho...
by bonniecrocker
Sun Jun 30, 2013 5:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse of Federal Employee Seeking advice
Replies: 26
Views: 1613

Re: General Question re: stocks

livesoft wrote:I thought she was going to sell the stocks for you. Then she could just send you a check out of the estate's account.


She can do this. I've got a few different pieces of advice. If I put it in Vanguard MMF that I have, what should I do with it? I want to maximize my growth.
by bonniecrocker
Sun Jun 30, 2013 3:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

I am sorry to read that you feel you are in desperate need of advice. You are not desperate. You have plenty of time to get this all sorted out. There is absolutely no hurry. Relax. Take your time. Thank you for the encouragement. I probably shouldn't have used the term desperate but my sister want...
by bonniecrocker
Sun Jun 30, 2013 3:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

You or your sister should sell the stocks (since they get a new basis on the death of your father so there little or no tax). The funds should go into your money market until you get a comprehensive investing plan. Really I don't see a need for new brokerage accounts and so on if your sister sells ...
by bonniecrocker
Sun Jun 30, 2013 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

I would second the comment to look into USAA. I love your name curmudgeon and called my husband one this afternoon. The kids learned a new vocabulary word but I've always loved that word. Just had to tell you that. I didn't even think of USAA and I have auto insurance with them. I called them today...
by bonniecrocker
Sat Jun 29, 2013 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

I also think it is a good idea to sell the shares. You are not your father and should not invest like he did. Thank you. I actually thought it was a good investment. Isn't P&G stock a good stock? He didn't need it by any means as he had a very nice pension and decent savings but it was just som...
by bonniecrocker
Fri Jun 28, 2013 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

Ask your sister if she can just sell the shares for you and send you a check. I just heard from her in email. I guess she has a financial advisor. They suggested setting up with another company like Merrill Lynch who has offices in Germany or selling it but will have to pay capital gains. I guess t...
by bonniecrocker
Fri Jun 28, 2013 4:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

What, exactly, do you mean that your sister "has" the stocks? If what she has are paper stock certificates, then she can get the transfer agent for that stock to issue new certificates in your name. At your leisure, you can deposit the certificates with a broker if you want to sell them. ...
by bonniecrocker
Fri Jun 28, 2013 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

You were right Brian. They won't let me open a new account as long as I am not in the US. I have no clue what to do now... Assuming you're an American citizen with a passport and a SS #, why don't you just use your sister's mailing address for the time being? Your military service connection in Ger...
by bonniecrocker
Fri Jun 28, 2013 1:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

I wouldn't use Vanguard. They're really picky about people with ex-US addresses opening accounts. Also, if you're planning on selling, some custodians will give you free trades for opening a substantial account, probably bonus money too. Brian You were right Brian. They won't let me open a new acco...
by bonniecrocker
Fri Jun 28, 2013 12:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

Thank you for all the helpful replies. It is bedtime in Germany so will mull this over and call Vanguard tomorrow. Appreciate it. Will probably have more specific questions later. You've all been very helpful. Bonnie
by bonniecrocker
Thu Jun 27, 2013 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

James 2,

Thank you for your answer. So do I just put the 50,000 in a brokerage account and that's it? Where can I get more information or do I just call Vanguard and discuss with them? I just wanted to make sure I know what to tell them when I call. Sorry for showing my ignorance in investing.
by bonniecrocker
Thu Jun 27, 2013 3:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Re: General Question re: stocks

Husband is civilian and affiliated with the military. Does that make a difference in your answer? I opened up accounts with them while here and will probably be returning to the US in the next 5 years. Thank you.
by bonniecrocker
Thu Jun 27, 2013 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

General Question re: stocks

Hi everyone, I have a general question. I will probably post my finances later on when I have more time per your protocol. I was on this board several years ago and you gave good advice. I'm a bit clueless on finances but I am debt free so guess that is a positive. My father recently died and left m...
by bonniecrocker
Thu Jun 27, 2013 1:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2899

Roth and ESA

Thanks DS Investor. I appreciate your time. Yes, we are looking at places like Huntsville, ALA. I have no desire to go anywhere where the cost of living is high. Part of the downpayment will be the selling of the land eventually. In no hurry to buy a home either, though until we decide exactly what ...
by bonniecrocker
Wed Feb 04, 2009 8:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Question about ESA and contribution to Roth
Replies: 11
Views: 1570

Re: Question about ESA and contribution to Roth

Thanks for the reply. I'll be 50 this year and my husband is 44. He is a government employee (engineer) and maxes out his TSP. We have 6-8 months emergency fund and in the worse case scenario, I could reactivate my RN license and go back to work but don't anticipate having to do that. We live overse...
by bonniecrocker
Mon Feb 02, 2009 7:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about ESA and contribution to Roth
Replies: 11
Views: 1570

Question about ESA and contribution to Roth

Hi everyone, I have an ESA account for my 7 year old and it is in Target retirement 2020. I only have 2000 (1800 now) plus I have about $6,000 that will be rolled over into it. Can I leave this be or should I be monitoring it and doing something with it from time to time? I'm probably the only mothe...
by bonniecrocker
Mon Feb 02, 2009 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about ESA and contribution to Roth
Replies: 11
Views: 1570

Thanks! Much will depend on whether we get to stay in Germany.

We want to stay in Europe! We are unschoolers so traveling around and living life fits in with our lifestyle!
by bonniecrocker
Sun Jan 04, 2009 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally getting it together and kindly requesting help!
Replies: 11
Views: 2329

Busy taking your advice

Laura, I've been so busy taking your advice I was remiss in acknowledging your last post. I'm not letting the paperwork stop me and have called Vanguard several times. My husband transferred his tsp to the Lifecycle 2030 so thank you for that. We are also in the process of putting all the misc. IRAs...
by bonniecrocker
Sun Jan 04, 2009 12:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally getting it together and kindly requesting help!
Replies: 11
Views: 2329

Question about transferring to Vanguard

Laura, I'm still mulling this over but a quick question about transferring all my accounts. I was at Vanguard and was fooling around and it wouldn't allow me to transfer my IRA from AIG. It asked me what type of account I wanted to transfer to Vanguard and when I clicked on rollover IRA, it said I c...
by bonniecrocker
Thu Jan 01, 2009 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally getting it together and kindly requesting help!
Replies: 11
Views: 2329

Thank You Laura

Thanks so much for taking the time to give me such a thorough reply. I'm getting ready to run out the door. I've printed your reply off so I can mull it over and I'm sure I'll be back with questions. I just wanted you to know I hadn't disappeared. I need to think about your reply and get back to you...
by bonniecrocker
Thu Jan 01, 2009 1:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally getting it together and kindly requesting help!
Replies: 11
Views: 2329

Finally getting it together and kindly requesting help!

I’m very excited to have found this site. I woke up from a fog at the age of 49 and decided to take charge of my (our) finances. I’m not overly bright when it comes to understanding finances. I have done a lot of reading and I’m overwhelmed and confused. I’m quite embarrassed to post this informatio...
by bonniecrocker
Wed Dec 31, 2008 10:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally getting it together and kindly requesting help!
Replies: 11
Views: 2329

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