Search found 139 matches

Return to advanced search

Coverdell ESA for tutoring costs

Hello everyone. I was just reading the Bogleheads Guide to Investing (2nd Edition) - great overall guide and thank you for the updated version! It advises that ESA's can be used for tutoring costs. I have already funded a 529 account for college and do not plan to add any more money to it. However, ...
by msj16
Mon Sep 01, 2014 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Coverdell ESA for tutoring costs
Replies: 1
Views: 67

Re: HSA - how to decide if it is worth it?

Wow thank you for the great info Grabiner. I can see how this might work. Thank you Angst, Beth, asif408, Novine, jlawrence01, yosef, jstrazzere, hoops 777 for the useful advice. I think there are a lot of us folk out there who really haven't given enough thought to using this as a saving vehicle.
by msj16
Wed Aug 27, 2014 10:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA - how to decide if it is worth it?
Replies: 14
Views: 982

Re: HSA - how to decide if it is worth it?

This is all really helpful. Thank you Grabiner for emphasizing the tax benefit. Unfortunately, from the wiki here (thank you Bogleheads), it says that NJ is one of only 3 states to not allow tax deduction on contributions and apparently earnings are taxed as well (although not sure about the details...
by msj16
Wed Aug 27, 2014 9:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA - how to decide if it is worth it?
Replies: 14
Views: 982

Re: HSA - how to decide if it is worth it?

Thank you very much. I knew that it would be very helpful to get your input. I will look closely at the premiums, plan documents, max out of pocket, history of expenses, anticipated expenses, ability to self-insure and see what comes up. This board is great!http://www.bogleheads.org/forum/posting.ph...
by msj16
Wed Aug 27, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA - how to decide if it is worth it?
Replies: 14
Views: 982

HSA - how to decide if it is worth it?

Hello, There was a recent post on HSA which was very informative on how valuable a HSA is (by letting the assets in it grow and saving receipts for later). My question is how to decide if it is worth it to get a high deductible health plan in order to get an HSA? We currently have a standard PPO hea...
by msj16
Wed Aug 27, 2014 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA - how to decide if it is worth it?
Replies: 14
Views: 982

Re: Sport of Fencing question

Thank you to everyone who responded, I appreciate the advice. I will definitely contact the high school coach. But you are right. Even if he does not make the team, it can be very good for him. The fencing school tells me that they will advise when he is good enough for state tournaments. It takes s...
by msj16
Wed Aug 20, 2014 5:49 pm
 
Forum: Personal Consumer Issues
Topic: Sport of Fencing question
Replies: 5
Views: 535

Sport of Fencing question

Hello everyone, My son took fencing for an hour a day in a summer camp for several weeks. He really enjoyed it and wants to start formal lessons. He is starting seventh grade. He has new aspirations of trying out for a high school fencing team (no middle school team exists in his school district). I...
by msj16
Tue Aug 19, 2014 9:11 pm
 
Forum: Personal Consumer Issues
Topic: Sport of Fencing question
Replies: 5
Views: 535

Re: Should I become a CFP?

It seems like the pharma industry is constantly downsizing. I would definitely not depend on the five year plan. I would bail and take the year salary. Then consider applying for another job within the industry but at a small firm that would be in need of your skills.
by msj16
Tue Jul 29, 2014 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I become a CFP?
Replies: 27
Views: 3592

Re: Help me save my parents from Merrill Lynch

With my mother, I convinced her to move her assets by showing her an online mutual fund cost calculator (available at Vanguard and elsewhere). I had her try to first guess how much it was costing her, and then we used real numbers. She was shocked and this really turned the tide. Those who are not m...
by msj16
Sun Jul 27, 2014 11:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me save my parents from Merrill Lynch
Replies: 54
Views: 6055

Re: Ways to lose money and destroy personal wealth by invest

[quote="Valuethinker"]I am building up a list. Threads here are instructive. Some thoughts - jumping on the latest investment trend, the most recent top performing asset class (Emerging Markets, Tech Stocks, whatever)... Along those lines, investing all of your money in a single sector of ...
by msj16
Mon Jul 21, 2014 3:00 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9580

Re: Memory foam mattresses - any insight?

I recently bought a Tempurpedic Weightless Supreme. This is a newer model that was recommended when I said I didn't like how difficult it was to turn. It makes you sink in less. When it first came, the smell to me was really quite bad and went to the first floor of our house. I aired it out by keepi...
by msj16
Sat Jul 19, 2014 7:57 pm
 
Forum: Personal Consumer Issues
Topic: Memory foam mattresses - any insight?
Replies: 64
Views: 5244

Re: Voyager Select Financial Plan - Worth It?

Thank you very much for all of your help. As always, the advice here is really useful. I realize now that this will be a good exercise for our family - even if there are no major changes to our approach. I am going to make a list of questions which should help me to consider our entire financial cir...
by msj16
Fri Jul 11, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Voyager Select Financial Plan - Worth It?
Replies: 13
Views: 1878

Voyager Select Financial Plan - Worth It?

Hello, I just realized that we now qualify for Voyager Select status at Vanguard. It feels like an important milestone has been reached. I keep things simple at Vanguard (target retirement, 3 fund portfolio etc...), however I am happy to try out their free financial plan. For those who have done it:...
by msj16
Thu Jul 10, 2014 11:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Voyager Select Financial Plan - Worth It?
Replies: 13
Views: 1878

Re: Bank Account in England while US resident

Thank you for all of your replies, Don't worry - the tax is being paid. We get rental income after all deductions, including tax. A property management company is handling all of the necessary issues. We get statements from the property management company that lists income and deductions, and then o...
by msj16
Thu Jul 10, 2014 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bank Account in England while US resident
Replies: 9
Views: 1059

Bank Account in England while US resident

Hello, We have inherited property in London which is being rented for a business. The rent goes to my brother-in-law who sends it via wire transfer. Unfortunately, he does not send it in a timely fashion. We would like to open up a bank account in England so that the rent can go to this account and ...
by msj16
Thu Jul 10, 2014 6:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Bank Account in England while US resident
Replies: 9
Views: 1059

Re: Worried about my parents' financial health

Perhaps encourage him to take some of the money and buy an annuity so that "when you are gone, mom has steady income since she does not understand how to manage the stocks like you do." I think the money has to be unavailable to him, or it will be used to gamble in the stock market.
by msj16
Fri Jul 04, 2014 11:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Worried about my parents' financial health
Replies: 10
Views: 1103

Re: Help with 85 y.o. parents' retirement portfolio

Last year I sat across from my mom's financial advisor and listened to her tell my 75 year old mom that while she currently was in an advisor recommended portfolio of 80% stocks (stock mutual funds) even 100% stocks was fine as an asset allocation due to the "risk in the bond market". I ed...
by msj16
Tue Jun 24, 2014 11:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with 85 y.o. parents' retirement portfolio
Replies: 53
Views: 4945

Re: How to calculate percentage of income needed once retire

People on this forum recommend not bothering with percentage of income - financial planners tend to inflate what you need. This forum recommends multiple of expenses - so 25x yearly expenses is considered the golden rule for allowing one to retire.
by msj16
Mon Jun 16, 2014 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to calculate percentage of income needed once retired?
Replies: 13
Views: 1003

Re: Science Olympiad

I am a parent of a proud science olympian. The nationals are a great opportunity and not to be missed. We spend enough on college so why shouldn't we spend on enriching academic experiences such as this?
by msj16
Mon May 19, 2014 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Science Olympiad
Replies: 2
Views: 407

Re: Are Tornado Shelters Worth the Cost?

Not trying to be political but the scientific consensus is that the effects of global warming will be more intense storms. I do believe that this is already happening. After Hurricane Irene, when many neighbours had flooded basements, we put in a stand alone generator. We expected it to just be a ve...
by msj16
Sat May 17, 2014 4:46 pm
 
Forum: Personal Consumer Issues
Topic: Are Tornado Shelters Worth the Cost?
Replies: 52
Views: 3744

Re: Buying fine art (Dali particularly)

+1 Loved the Dali museum in St. Petersburg. Did a whirlwind tour of it unfortunately during a hectic business trip, but it was well worth it.
by msj16
Fri May 02, 2014 10:33 pm
 
Forum: Personal Consumer Issues
Topic: Buying fine art (Dali particularly)
Replies: 8
Views: 872

Re: Flexible spending Account Question - Changed Jobs

Many thanks mah001 for the advice and for the reference. I read the reference and it does clearly state that. This forum is filled with sharp people giving generous advice.

msj16
by msj16
Thu May 01, 2014 11:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flexible spending Account Question - Changed Jobs
Replies: 2
Views: 289

Flexible spending Account Question - Changed Jobs

Hi, I recently changed jobs and before I left, I maxed out the flex spending (2500). Now, the new job is offering flex spending with max limit of 2500. I assume that I Cannot add to this (since government sets limit of 2500 per employee) but wanted to make sure. The online benefit section for the ne...
by msj16
Thu May 01, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flexible spending Account Question - Changed Jobs
Replies: 2
Views: 289

Re: Umbrella excess liability policy

The case is still active but from what I know, I wouldn't be surprised if the settlement was substantial enough to award all of it. Yes, there was disability insurance.
by msj16
Tue Apr 29, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella excess liability policy
Replies: 103
Views: 19301

Re: Umbrella excess liability policy

I want to thank Kenner for giving of time and expertise. Kenner is trying to help others avoid catastrophic situations. I have a family member who was hit by a truck while riding a bicycle. The police officer declared the truck completely at fault. The truck was driven by a Mexican driver without ev...
by msj16
Tue Apr 29, 2014 8:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella excess liability policy
Replies: 103
Views: 19301

Re: You did what???? (out since Sept. 2009)

Wizard - I will revise my post to make it more clear what I said but yes, to me, this is nitpicking and misses the point of what I was trying to say. I had explained to my mother that this was a loss in portfolio value I was talking about and that she should not sell during a crash. This is the prob...
by msj16
Sun Apr 27, 2014 10:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: You did what???? (out since Sept. 2009)
Replies: 25
Views: 7089

Re: You did what???? (out since Sept. 2009)

My mother had a great fear of losing money in stocks. In order to help her find the right stock allocation, I did the following: 1) I asked her if she was comfortable with a 50/50 stock/bond allocation. She said yes. 2) To double check, I then said, so, are you prepared to possibly lose 110,000 (in ...
by msj16
Sun Apr 27, 2014 8:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: You did what???? (out since Sept. 2009)
Replies: 25
Views: 7089

Re: Newly Widowed, what to do with the life insurance money.

I get a sense from your post that you believe that the life insurance is a lot of money and your expenses are low - therefore you are able to do some gifting of money to the children for college. But please do consider that it really is not that much money (even if you do sell the house) given your ...
by msj16
Thu Apr 17, 2014 4:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3737

Re: Looking for Low-Cost Eyeglass Shop I can visit

Thank you for all of the suggestions. I will definitely try these options. Costco or Sams Club looks like a good bet. Thank you for the online suggestions as well - I suppose there is no harm trying a place like Zenni. At least I put away flex spending money for this! p.s. lightheir - high index is ...
by msj16
Wed Apr 16, 2014 7:50 am
 
Forum: Personal Consumer Issues
Topic: Looking for Low-Cost Eyeglass Shop I can visit
Replies: 25
Views: 2084

Looking for Low-Cost Eyeglass Shop I can visit

Hello everyone, I appreciate all of the help I have gotten from this site so far. I am seeking an eyeglass shop alternative to Lenscrafters. I just came back from Lenscrafters - was quoted 630 for a high index/varilux frame and lens (this was already with a 30% discount). I wear eyeglasses for dista...
by msj16
Tue Apr 15, 2014 11:35 pm
 
Forum: Personal Consumer Issues
Topic: Looking for Low-Cost Eyeglass Shop I can visit
Replies: 25
Views: 2084

Re: My financial advisor doubt

I am helping my mother who lives in Canada to manage her portfolio. It is very simple now that one can purchase ETF's through Vanguard Canada. She now has a portfolio which is exactly what Bogleheads recommend ( 3 fund-total US stock market, total bond market, total international, as well as Canadia...
by msj16
Mon Apr 14, 2014 9:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: My financial advisor doubt
Replies: 40
Views: 5222

Re: Best place to shop for Office Furniture

Thank you for all of your suggestions. I remember Costco when I lived in California. I will definitely try the used furniture stores.

Thank you meyer99 but I already have a great chair. Just need something to write on!
by msj16
Mon Apr 07, 2014 5:51 pm
 
Forum: Personal Consumer Issues
Topic: Best place to shop for Office Furniture
Replies: 9
Views: 980

Re: Are we saving too much or too litte?

On this board, most people agree that when calculating how much to save for retirement, to not go by replacing a percentage of income but instead by covering expenses. Most people on this board also say that they live in retirement on 4000 to 5000 a month in expenses (40,000 to 60,000 a year to fund...
by msj16
Sat Apr 05, 2014 11:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are we saving too much or too litte?
Replies: 28
Views: 3144

Re: How am I doing - stress check UPDATED with INFO

I do think you need to look closely at your expenses to see if you can save more. In 2013, the top 1% of households had pretax household income of almost 400,000. You have an opportunity to save a lot with a bit more caution in spending without sacrificing a lot in terms of lifestyle. I do think for...
by msj16
Sat Apr 05, 2014 12:16 am
 
Forum: Investing - Help with Personal Investments
Topic: How am I doing - stress check UPDATED with INFO
Replies: 14
Views: 1960

Best place to shop for Office Furniture

Hello everyone, I am looking to establish a home office. I would appreciate getting feedback on any brands/models of filing cabinets and desks that you would recommend. I ideally would like a maple desk and metal or maple filing cabinet. I am willing to pay for quality products. I already have a goo...
by msj16
Fri Apr 04, 2014 9:53 pm
 
Forum: Personal Consumer Issues
Topic: Best place to shop for Office Furniture
Replies: 9
Views: 980

Re: Help with Solo 401K

Another thankyou to DSInvestor. Also, to the OP, there is Wiki section in Bogleheads on Solo 401K that you might find helpful. I am also doing a Solo 401K and I showed the section to my accountant today.
by msj16
Fri Apr 04, 2014 9:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Solo 401K
Replies: 6
Views: 437

Re: Safety schools for a Physics/Math kid

Congratulations and well deserved for the initiative and hard work that was shown!
by msj16
Mon Dec 16, 2013 10:02 pm
 
Forum: Personal Consumer Issues
Topic: Safety schools for a Physics/Math kid
Replies: 263
Views: 16509

Re: Considering a "Year Off" from retirement contributions..

Don't mean to be a bummer but one has to factor in that when one is having a child there is a risk for medical problems - especially a pregnancy over the age of 35. You are in a great position in life - but things can happen - having the ability to manage all of those things quite comfortably would ...
by msj16
Sat Dec 14, 2013 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5485

Re: Have I put too much into the 529 plan?

The college calculator from the college board says that college at 65000 per year (worst case scenario) in 8 years will cost (at 6% college inflation rate) a staggering 103,600 per year and 453,000 total. I know there is talk of this all being a bubble but so far the bubble has not popped. What I ha...
by msj16
Sun Nov 17, 2013 8:28 pm
 
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 38
Views: 6624

Re: Have I put too much into the 529 plan?

The college rat race is pure madness but I don't want to leave my child with a huge debt burden. I have a 12 year old who has excelled at school and who may indeed do well enough to get into highly competitive schools like Cornell. I don't have enough income to fund college out of every day cash flo...
by msj16
Sun Nov 17, 2013 5:24 pm
 
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 38
Views: 6624

Re: preparing children for wealth

For me, I only figured out that a million is not actually that much money (not enough to be very rich), when I learned about the 4% rule. Knowing that one can only generate 40,000 off of a million, and not for a whole lifetime was sobering. I would help them plan by discussing the practical parts of...
by msj16
Wed Sep 25, 2013 10:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 6640

Re: Going into 50 soon, starting over at VG - need AA Help

Regarding the question about where to put funds for college, I would check out the uesp.org website. This 529 Utah college savings plan uses Vanguard funds with very low fees. Many on this board use this highly rated plan to save for college. Check out the age-based portfolios, particularly the cons...
by msj16
Sat Sep 21, 2013 4:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Going into 50 soon, starting over at VG - need AA Help
Replies: 8
Views: 1627

Re: Threat of losing Car Insurance after one accident

You are right dm200! Thanks for the great advice. Yes, the insurance company took the police report's possibility of falling asleep and made it fact. I will recommend that my relative try to correct this.
by msj16
Wed Aug 07, 2013 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Threat of losing Car Insurance after one accident
Replies: 21
Views: 1684

Re: Threat of losing Car Insurance after one accident

Thanks for the feedback, Of course medical issues take precedence. He see his family doctor consistently, and recently had a comprehensive physical which came back normal. He also has had further testing which also came back normal. All that can be done is being done. This is being taken very seriou...
by msj16
Wed Aug 07, 2013 7:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Threat of losing Car Insurance after one accident
Replies: 21
Views: 1684

Re: Threat of losing Car Insurance after one accident

Thanks for the feedback, He is mid 50's. He has no history of memory trouble. He does not have any significant medical problems. The police report speculated that the accident was "possibly" due to being asleep at the wheel. He thinks that the current company he is with is very strict and ...
by msj16
Tue Aug 06, 2013 9:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threat of losing Car Insurance after one accident
Replies: 21
Views: 1684

Threat of losing Car Insurance after one accident

Hello, A relative was in a car accident, where he was driving on a highway and his car hit the guard rail. He is unsure how it happened - one moment he was driving, the next he hit the rail. The car was totaled and he walked away without a scratch. The insurance company paid for the replacement valu...
by msj16
Tue Aug 06, 2013 5:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threat of losing Car Insurance after one accident
Replies: 21
Views: 1684

Re: Audi A4 versus Volvo S60 Sedan

Wow, thank you everyone. The Volvo S60 appears to be the clear favorite. For me, there is nothing that compares to the great Volvo seats. I appreciate your feedback. If I end up getting an Audi, I will definitely consider trading it in before it gets too old. This has given me enough food for though...
by msj16
Sun Jul 28, 2013 7:45 pm
 
Forum: Personal Consumer Issues
Topic: Audi A4 versus Volvo S60 Sedan
Replies: 25
Views: 3806

Audi A4 versus Volvo S60 Sedan

Hello, I am trying to choose between an Audi A4 2013 or 2014 Sedan and Volvo S60 2013 Sedan. Both are all wheel drive which I really like. I currently have a Volvo V70 wagon. I kept it forever (it is a 1998!), but it is finally breaking down. It had little tiny problems over the years which made rel...
by msj16
Sat Jul 27, 2013 11:02 pm
 
Forum: Personal Consumer Issues
Topic: Audi A4 versus Volvo S60 Sedan
Replies: 25
Views: 3806

Re: Paid off mortgage today

Congrats! Make sure to celebrate this important milestone.
by msj16
Thu Jun 06, 2013 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage today
Replies: 73
Views: 5994

Re: Portfolio review and some questions

I recently called Vanguard (upon the advice of Boglehead "Duckie") and was easily able to combine my traditional IRA at Vanguard with my Rollover IRA at Vanguard. It was done over the phone in less than 5 minutes and considered an asset transfer. Vanguard will not need to do any IRS report...
by msj16
Fri May 31, 2013 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and some questions
Replies: 29
Views: 2077
Next

Return to advanced search