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by mollymillions
Mon Apr 27, 2015 9:56 am
Forum: Personal Finance (Not Investing)
Topic: HSA help
Replies: 3
Views: 478

Re: HSA help

Great, thanks!

I'll be able to evaluate plan details early next week after I've started. I'll update at that time.
by mollymillions
Fri Apr 24, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: HSA help
Replies: 3
Views: 478

HSA help

Hi all, I recently accepted an offer for a new job, and will be starting in just over a week. The health benefits will be changing significantly. One particular change is the inclusion of an HSA in the health benefit plan. I am trying to determine how much to contribute to the HSA going forward and ...
by mollymillions
Mon Apr 20, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can't Just Do Nothing
Replies: 45
Views: 6280

Re: Can't Just Do Nothing

I wouldn't recommend the above scenario to anyone - it would require an intimate understanding of the contract and proposal process for federal contracting, the market, suppliers and customers etc. But it's an interesting example of a specific drop-shipping game. Last time I checked, the small busi...
by mollymillions
Thu Apr 16, 2015 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Can't Just Do Nothing
Replies: 45
Views: 6280

Re: Can't Just Do Nothing

Please educate and enlighten us with your experiences in the above topics. I have some idea about CC churning but no clue about dropshipping. Interested in knowing more about it. Well, I could probably write a book on those subjects with just the little I've learned in the last couple months. I rec...
by mollymillions
Tue Apr 14, 2015 8:46 am
Forum: Personal Finance (Not Investing)
Topic: evaluating job offer - health plans
Replies: 19
Views: 1532

Re: evaluating job offer - health plans

I. Can't add anything specific to your situation but your high and low plan are very normal in the fortune 500 world. The high plan is more or less an exact Match to my employer. This will be the new normal if it's not already. Hsa and high deductible caps to the rescue. Yeah that agrees with what ...
by mollymillions
Mon Apr 13, 2015 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: evaluating job offer - health plans
Replies: 19
Views: 1532

Re: evaluating job offer - health plans

So, some good news! It looks like i'll be okay with the tier 4 drug - if coverage exception is not approved for some reason (based on my calling around today, it should be) there are multiple "copay assistance" plans provided by the drug manufacturer that essentially pay the medication co...
by mollymillions
Mon Apr 13, 2015 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: evaluating job offer - health plans
Replies: 19
Views: 1532

Re: evaluating job offer - health plans

So, some good news! It looks like i'll be okay with the tier 4 drug - if coverage exception is not approved for some reason (based on my calling around today, it should be) there are multiple "copay assistance" plans provided by the drug manufacturer that essentially pay the medication cos...
by mollymillions
Mon Apr 13, 2015 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: evaluating job offer - health plans
Replies: 19
Views: 1532

Re: evaluating job offer - health plans

If only one deductible and one OOP maximum are listed then both the medical and pharmacy costs should count toward that deductible and OOP maximum. If you choose the high plan and continue with similar medical and pharmacy utilization then you will be paying $2600 (deductible) +$6,000 (OOP max) = $...
by mollymillions
Mon Apr 13, 2015 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: evaluating job offer - health plans
Replies: 19
Views: 1532

Re: evaluating job offer - health plans

In response to your question about how to find out if certain treatments are covered: Can you get a copy of the plan booklet that lists the benefits? If you have a large employer, it might even be on the employer website. If it's a standard plan offered by the insurance company that isn't customize...
by mollymillions
Mon Apr 13, 2015 11:37 am
Forum: Personal Finance (Not Investing)
Topic: evaluating job offer - health plans
Replies: 19
Views: 1532

Re: evaluating job offer - health plans

Not sure if this will affect you but I'm throwing it out in case it does . . . If the expensive medication you are on for your autoimmune disease is a biologic, you should know that the Affordable Care Act paved the way for the development of generic biologic drugs. Generic versions of some of them...
by mollymillions
Mon Apr 13, 2015 10:05 am
Forum: Personal Finance (Not Investing)
Topic: evaluating job offer - health plans
Replies: 19
Views: 1532

Re: evaluating job offer - health plans

Sawhorse - thanks for the input! Answers in red: As someone with expensive medical problems, I can relate to your difficult decision. A few questions: 1. How do the networks compare? Do both networks have an equally wide list of providers? Do your current physicians participate? The networks are the...
by mollymillions
Sun Apr 12, 2015 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: evaluating job offer - health plans
Replies: 19
Views: 1532

evaluating job offer - health plans

Hi all. I recently interviewed for a new job. The interview went well and I anticipate an employment offer within the next few days. I requested benefits information so that I can properly compare overall compensation packages. Other than healthcare plans the benefit packages are comparable. There a...
by mollymillions
Fri Jun 27, 2014 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Suze Orman or Dave Ramsey?
Replies: 85
Views: 16784

Re:

Dave is a strong advocate for index funds and has mentioned Vanguard. interesting...this is not the impression i get when listening to DR. he seems to suggest consulting one of his Endorsed Local Providers (ELPs) for investing and then doing a 25/25/25/25 split between growth, intl,agg growth, and ...
by mollymillions
Mon Jun 23, 2014 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is Medical School Worth it Financially?
Replies: 66
Views: 5730

Re: Is Medical School Worth it Financially?

Here is data from the US Bureau of Labor Statistics (http://www.bls.gov/bls/blswage.htm). The BLS lists wage data for over 800 occupations - unfortunately "software engineer" is not one of them. However, there is significant relevant data that I believe adds to the discussion. Dentists see...
by mollymillions
Mon May 19, 2014 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Poor Planning Parents
Replies: 28
Views: 3477

Re: Poor Planning Parents (baby boomers)

As cheese_breath mentioned it looks like their assets far outweigh their liabilities. A simple solution would be to sell (1), move to (3), pay off (2) with the proceeds from (1), invest the overage, and then either sell their business property or continue operating it, either seem viable. Alternativ...
by mollymillions
Fri Jan 24, 2014 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k and other Q's
Replies: 15
Views: 766

Re: Roth 401k and other Q's

cherijoh wrote:
mollymillions wrote:The company I work for allows contributions to be split between Roth and Traditional 401K, but the combined maximum allowable contribution stays the same.


Yes, that's how ours is set up as well.
by mollymillions
Fri Jan 24, 2014 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k and other Q's
Replies: 15
Views: 766

Re: Roth 401k and other Q's

Thanks for the input! We are planning to increase our retirement contributions once we purchase a home (in ~3 years), but would like to use any extra money to save for a down payment until then. The exception to this is that we would like to start the college fund now, because the investment timefra...
by mollymillions
Fri Jan 24, 2014 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401k and other Q's
Replies: 15
Views: 766

Roth 401k and other Q's

Emergency funds: 3 months of expenses in place Tax Filing Status: Married filing jointly, 1 child. Tax Rate: 15% Federal, 5% State (Household income 60k w2 wages, +900/mo($10,800/year) from rental) State of Residence: AL Age: Him 31, her 27 Desired Asset Allocation: 70%stocks /30% bonds Debt: Renta...
by mollymillions
Tue Aug 20, 2013 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Inflation is scary stuff.
Replies: 42
Views: 4277

Re: Inflation is scary stuff.

There are consequences of inflation that we usually don't think about. Consider someone with adequate life insurance coverage, but can no longer buy life insurance due to recent health changes. The financial protection (in real terms) for that person's beneficiaries can be significantly decreased b...
by mollymillions
Mon Jul 01, 2013 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Wife needs advice on finding entry level IT job
Replies: 29
Views: 2634

Re: Wife needs advice on finding entry level IT job

1. We certainly do not want to do anything thats not legal. Is it illegal on my wife's part to do volunteering work? It is illegal for any for-profit company to have employees doing work for which they are not paid (volunteer). It is not illegal for non-profit companies to utilize volunteers. For-p...
by mollymillions
Thu Jun 27, 2013 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Hedging Gasoline Price
Replies: 38
Views: 1821

Re: Hedging Gasoline Price

You can get some 50-gallon drums and roll down to the quick stop ;)
by mollymillions
Thu Mar 07, 2013 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4300

Re: Student Loan Repayment Strategy

1. Signed up for online classes at CC (~$280 total for 2 months of classes). Classes begin on March 18, and since my grace period ends on March 22, I will be eligible for student loan deferment and an additional 6 months of grace period after classes end. This will allow me to tackle my unsub loans...
by mollymillions
Thu Mar 07, 2013 5:35 pm
Forum: Personal Consumer Issues
Topic: How to prevent others from copying my self-published book?
Replies: 17
Views: 1820

Re: How to prevent others from copying my self-published boo

First, I want to say that this forum has been very helpful! I need your advise. I have put together a study guide and it has been selling well. However, I am very concerned that someone would copy my book, turn it into a PDF, and then send it to other people. This would destroy my business. What ca...
by mollymillions
Thu Mar 07, 2013 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 4300

Re: Student Loan Repayment Strategy

1. Signed up for online classes at CC (~$280 total for 2 months of classes). Classes begin on March 18, and since my grace period ends on March 22, I will be eligible for student loan deferment and an additional 6 months of grace period after classes end. This will allow me to tackle my unsub loans...
by mollymillions
Tue Mar 05, 2013 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Settlement offer [Credit Card Debt]
Replies: 8
Views: 1097

Re: Settlement offer [Credit Card Debt]

With some difficult (and possibly time-consuming) you may be able to settle the debt for around 20% of what is owed. If you are in a hurry you may not be able to knock it down that far. I have heard recommendations that if you get an agreement, in writing that this settlement pays the debt in full, ...
by mollymillions
Mon Mar 04, 2013 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Need help figuring out how to reduce expenses and pay debt
Replies: 21
Views: 1914

Re: Need help figuring out how to reduce expenses and pay de

Housing - $2300 Car - $450 Insurance - $500 LOC - $300 Groceries - $600 Haircuts - $100 TV/ISP - $175 RRSP - $150 Cell - $120 Trans - $175 Entertainment - $800 Total: $5670 The total you give is less than the $6000 minimum net that you state that you are bringing in. Do you have a higher minimum pay...
by mollymillions
Wed Feb 20, 2013 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Call from collections agency
Replies: 34
Views: 2547

Re: Call from collections agency

NerdGirl wrote:They waived the security deposit. Why would they want a deposit when they can just bill us after-the-fact? :-(


A security deposit is to provide a buffer and reduce cases where they would have difficulty collecting money owed after-the-fact.
by mollymillions
Mon Feb 18, 2013 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Bad time to rebalance to bonds?
Replies: 30
Views: 3549

Re: Bad time to rebalance to bonds?

Thanks for the input everyone!

I will do some more research on fixed-income assets (incl. bonds) and see what will work best for our situation.
by mollymillions
Fri Feb 15, 2013 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Bad time to rebalance to bonds?
Replies: 30
Views: 3549

Bad time to rebalance to bonds?

A (hopefully) simple question: For someone 10 years away from retirement who is 100% invested in equities, would now be a bad time to rebalance toward bonds? I ask this because several people have told me that since interest rates are so low, bond prices are very high and so rebalancing towards bond...
by mollymillions
Thu Feb 14, 2013 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey recommends 2 funds on the air
Replies: 53
Views: 10004

Re: Dave Ramsey recommends 2 funds on the air

The following comes from this article . How Can You Make Sure Your Retirement Funds Last? As long as you didn’t take the ready-fire-aim approach to retirement planning, you should already know how to make retirement last. But, here’s a refresher: You’re going to keep your nest egg invested and aver...
by mollymillions
Thu Feb 14, 2013 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey recommends 2 funds on the air
Replies: 53
Views: 10004

Re: Dave Ramsey recommends 2 funds on the air

Recommending an 8% withdrawal rate in retirement is bad. It's worse than recommending high cost actively managed funds. It's worse than recommending equity indexed annuities. It's worse than most of the bad advice we rail against on this forum. This is accurate. Though I've never heard him go into ...
by mollymillions
Wed Feb 13, 2013 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey recommends 2 funds on the air
Replies: 53
Views: 10004

Re: Dave Ramsey recommends 2 funds on the air

I listened to this episode also. Dave did not recommend either of the funds that he mentioned. He disclosed these funds that he has invested in as a response to many people asking something along the lines of "where are these magical 12% return mutual funds that you always refer to???" He ...
by mollymillions
Wed Feb 13, 2013 10:40 am
Forum: Investing - Help with Personal Investments
Topic: IRA - allocation questions
Replies: 1
Views: 181

IRA - allocation questions

Hello Bogleheads, My mother recently received an IRA containing about $100,000 in a divorce settlement (further details re: the settlement in my recent post here ). She is 55 years old, and her yearly income is under $20,000. She will possibly need to begin tapping into her IRA as soon as she is eli...
by mollymillions
Wed Feb 06, 2013 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Any books or sites to help with health insurance selection?
Replies: 5
Views: 482

Re: Any books or sites to help with health insurance selecti

Hi! The health insurance market in the US is somewhat obtuse and seems to require a significant amount of arcane knowledge to navigate properly. I am currently doing this for my older, underemployed, mother who is in poor health. Difficulties abound. Basically, the point of health insurance is to be...
by mollymillions
Sun Jan 27, 2013 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Divorced after 35 years [Insurance, housing, portfolio help]
Replies: 19
Views: 3032

Re: Divorced after 35 years [Insurance, housing, portfolio h

Thank you everyone for the encouragement and advice. We will wait on making a housing decision for now, and will check into the SS and insurance issues.

I made some edits to my post to address some questions. If anyone has anything else to add please do!
by mollymillions
Fri Jan 25, 2013 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Divorced after 35 years [Insurance, housing, portfolio help]
Replies: 19
Views: 3032

Divorced after 35 years [Insurance, housing, portfolio help]

Hello Bogleheads, I am looking for financial advice to give my mother. She has recently completed divorce proceedings after being a stay-at-home mom for about 35 years. I am concerned about her, as her financial prospects are very limited and she is 55 years old. Here are the financial details: For ...

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