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Re: Asset Allocation Question for parents in retirement

dbr - Your posts are always very helpful. Thank you for the great advice which I conveyed word for word to my mother! dale-thanks for the word of caution - By not accessing it, I meant not using the funds for living expenses. They are dutifully having to take it out via the required minimum distribu...
by msj16
Wed Jan 21, 2015 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Question for parents in retirement
Replies: 4
Views: 500

Re: "When you've won the game, stop playing"

Context, please. In the same vein, Leerar's point is well taken: if you have plenty of human capital left when you've "made your number" (I get it, I'll stop with the acronyms), no reason why you can't keep piling on. But, again, if that happens just before you retire, a great deal more c...
by msj16
Wed Jan 21, 2015 7:27 pm
 
Forum: Investing - Theory, News & General
Topic: "When you've won the game, stop playing"
Replies: 83
Views: 8361

Asset Allocation Question for parents in retirement

Hello, My parents have asked me a question regarding asset allocation during retirement. Currently, they are living solely on social security and pensions (which fully cover their monthly expenses) so are not accessing their tax-deferred and taxable retirement savings. They are 75 and 85 years old a...
by msj16
Wed Jan 21, 2015 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Question for parents in retirement
Replies: 4
Views: 500

Re: Should I Declare Victory and Pack It In?

Wormwood - Well said about the "delayed gratification". It really seems like you are ready to hit "stop" on the rat-race. Peace of mind and emotional health are ultimately more important than money. You can do this and work part-time if necessary as long as you are ready to give ...
by msj16
Fri Jan 16, 2015 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16624

Re: Hobbies + Free Time

Reading, Playing the piano, personal finance, travel and my new hobby - netflix streaming!
by msj16
Mon Jan 05, 2015 3:59 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Hobbies + Free Time
Replies: 11
Views: 1949

Re: My Christmas Message To You -- 70 Years Ago.

You have lived a worthy life before most of us were born. Then later in life, you tackled a new battle - the investor battle. A different battlefield but also necessary.

Merry Christmas
by msj16
Thu Dec 25, 2014 1:04 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Message To You -- 70 Years Ago.
Replies: 58
Views: 5125

Re: Health Insurance (Specialist "Out of Network" [error])

Great that you had the will to persevere. The suggestion to take a screen shot was a very good one. Beware in the future of "phantom networks" - the illusion that your insurance company has many doctors/specialists in-network, when in fact they do not.
by msj16
Thu Dec 25, 2014 5:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance (Specialist "Out of Network" [error])
Replies: 43
Views: 5216

Re: Looking to move inheritance from high-fee advisor

You can get a detailed written financial plan from Vanguard (see Flagship status). Voyager Select status (500,000 assets ) also qualifies for this. You can try to manage it yourself at Vanguard which is not hard given funds such as Target Retirement Income (which I use), or can get ongoing help if n...
by msj16
Wed Dec 17, 2014 9:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking to move inheritance from high-fee advisor
Replies: 30
Views: 3062

Re: College Savings

There is a website that I found useful:

www.savingforcollege.com

It has a Q and A section that I found to be helpful (under Community section).
by msj16
Sun Dec 14, 2014 7:36 am
 
Forum: Investing - Help with Personal Investments
Topic: College Savings
Replies: 20
Views: 1465

Re: Youngster talented in science and math

My seventh grader who is really into physics loved reading Stephen Hawking - A Brief History of Time and if you don't have the time, there is always a Briefer History of Time!
by msj16
Mon Dec 08, 2014 10:12 am
 
Forum: Personal Consumer Issues
Topic: Youngster talented in science and math
Replies: 47
Views: 3396

Re: Thank you, Taylor...

It is rare to find a person of such generosity, wisdom and kindness. Thank you for helping change so many lives, including my own.
by msj16
Sat Dec 06, 2014 5:23 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Thank you, Taylor...
Replies: 15
Views: 2378

Re: Private college counselor

Thank you TomatoTomahto and Livesoft for the very helpful advice. It makes sense that one must show that a student can manage high academic rigor in high school in order for colleges to assume that a student can master the advanced curriculum at top notch colleges.
by msj16
Thu Dec 04, 2014 9:10 am
 
Forum: Personal Consumer Issues
Topic: Private college counselor
Replies: 78
Views: 5414

Re: Private college counselor

I think we will briefly try a private college counselor because both parents did not grow up in this country. It is so foreign to think about AP classes, essays, extracurricular activities etc... and I am just beginning to figure this all out. I have some questions and would appreciate quick input: ...
by msj16
Wed Dec 03, 2014 11:25 am
 
Forum: Personal Consumer Issues
Topic: Private college counselor
Replies: 78
Views: 5414

Re: Huge salary increase...looking for guidance

In case you didn't know, you can superfund a 529 by putting in 5 years worth in one year.
by msj16
Mon Nov 24, 2014 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Huge salary increase...looking for guidance
Replies: 26
Views: 3689

Re: 529 Plan - when to stop contributing?

You should input these numbers into a college calculator. I just did, given your numbers and years until your child hits college. If you are planning for a public 4 year average cost, then you really don't need to continue contributing (based on 5% investing return). You are totally done. If you are...
by msj16
Fri Nov 21, 2014 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - when to stop contributing?
Replies: 15
Views: 2059

Re: 529 Plan - when to stop contributing?

I run my numbers through a college calculator. For me, as a personal decision I choose the inputs as college cost of average private college per year (I want to plan for private college and any unused funds can go to graduate school which is likely), inflation at 5-6%, investing return at 5%. I have...
by msj16
Fri Nov 21, 2014 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - when to stop contributing?
Replies: 15
Views: 2059

Re: Does anyone here make "fun" purchases.

As long as you are successfully working toward the big goals (retirement, getting rid of mortgage etc..) or have taken care of them already and can pay cash, go for it! Our big goals are almost finished and some are complete (like paying off the mortgage) so time to stop delaying gratification! Rece...
by msj16
Sat Nov 15, 2014 10:53 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 10743

Re: Transition from Saving to Spending

For my mom who grew up relatively poor, spending in retirement was quite difficult. I had to explain the 4% rule and we worked on what asset allocation in retirement would allow her to feel comfortable spending.
by msj16
Wed Nov 12, 2014 8:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transition from Saving to Spending
Replies: 37
Views: 5265

Re: What about non-U.S. colleges?

I went to McGill University in Montreal. I can tell you that it was an amazing education for very little tuition. In my graduate program I was finding that my undergraduate knowledge in comparison to my peers was top notch. I still credit it with really developing my critical thinking skills.
by msj16
Sun Nov 09, 2014 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: What about non-U.S. colleges?
Replies: 48
Views: 4445

Re: What about non-U.S. colleges?

I went to McGill University in Montreal. I can tell you that it was an amazing education for very little tuition. In my graduate program I was finding that my undergraduate knowledge in comparison to my peers was top notch. I still credit it with really developing my critical thinking skills.
by msj16
Sun Nov 09, 2014 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: What about non-U.S. colleges?
Replies: 48
Views: 4445

Re: Finance kids' medical educations with a HELOC?

It doesn't have to be all or nothing. Depending upon how risky the situation is for you (i.e., how much you have in retirement already) you might loan half the amount and expect them to take out loans as well (perhaps in the later years so that it can be more quickly paid off once they graduate.
by msj16
Wed Oct 29, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finance kids' medical educations with a HELOC?
Replies: 24
Views: 2019

Re: "Vanguard 'Bogleheads' Crazy for 'Saint' Jack Bogle?"

Look what a couple of great and wise men can do!
by msj16
Wed Oct 22, 2014 5:37 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard 'Bogleheads' Crazy for 'Saint' Jack Bogle?"
Replies: 8
Views: 1985

Re: Shoes for Plantar Fasciitis?

Custom orthotics worked for me.
by msj16
Mon Oct 20, 2014 6:13 pm
 
Forum: Personal Consumer Issues
Topic: Shoes for Plantar Fasciitis?
Replies: 47
Views: 2711

Re: Recent statistics of college majors

Informative chart. Thank you for sharing. I would be interested in graduate school data as well. I have a budding physicist or chemist who has the mind to be an engineer but could go on to a Ph.D. in physics/chem. I wonder how that compares.
by msj16
Tue Oct 14, 2014 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recent statistics of college majors
Replies: 35
Views: 2763

Re: Air Purifier for Allergies

Good luck! Let's agree to update this post after some experience with the IQAIR machines I wanted to report back that the IQAir is amazing! I previously was using a BlueAir so it wasn't as if there was no air cleaner. With the IQ air, my son was saying he was not congested, was sleeping better and ...
by msj16
Sat Oct 11, 2014 11:33 am
 
Forum: Personal Consumer Issues
Topic: Air Purifier for Allergies
Replies: 29
Views: 2391

Re: help me help a friend, financially

Given the fact that she lost her job and has also been in debt in the past, she should build up an emergency fund. That is priority number one. Second, you have to help her see that at her age she has to build up more in retirement or she will be trapped into working for too long. Paying off the mor...
by msj16
Mon Oct 06, 2014 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: help me help a friend, financially
Replies: 24
Views: 2495

Re: Just need to vent

I have been in that situation too. I feel your pain. I sat down with my mother, father and their advisor, while their advisor said that it was fine for my 75 year old mother and 80 year old father to be invested 100% in stocks because of the "problem" with bonds. She then recommended putti...
by msj16
Sun Oct 05, 2014 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just need to vent
Replies: 16
Views: 3594

Re: Author Advice - Advantages/Disadvantages of Co-author

Thank you everyone for your feedback, petunias - Great questions. I will keep that list handy. mlebuf - I appreciate such valuable, detailed advice. I will approach this more strategically based on this feedback. EmergDoc - Thanks for the feedback from a very successful self-publisher. If only my fa...
by msj16
Mon Sep 29, 2014 2:33 pm
 
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 18
Views: 1345

Re: Author Advice - Advantages/Disadvantages of Co-author

I want to run the written collaboration agreement by a lawyer. If anyone has any recommendation for the type of lawyer I would use (copyright lawyer?, intellectual property lawyer) and then any specific names in the NJ, PA or Manhattan area, I would appreciate it.
by msj16
Wed Sep 24, 2014 7:08 am
 
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 18
Views: 1345

Re: Author Advice - Advantages/Disadvantages of Co-author

I agree with the posters who said not to expect great sums of money from writing a book. I have written several technical books and in fact my nickname is derived from a compliment I got on one of them. My books were well-liked by their readers but never made much money mostly due to lack of promot...
by msj16
Wed Sep 24, 2014 7:06 am
 
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 18
Views: 1345

Re: Author Advice - Advantages/Disadvantages of Co-author

Can you directly work with the prospective co-author's agent, without making him a co-author? Victoria Well if it doesn't work out between us to collaborate, I can definitely go to the agent with my own proposal. But my concern is that large publishing houses will not want to publish an unknown aut...
by msj16
Wed Sep 24, 2014 7:03 am
 
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 18
Views: 1345

Re: Author Advice - Advantages/Disadvantages of Co-author

Thank you very much. This is incredibly helpful. The co-author would not ever agree to ghost write. He was recently interviewed on national tv and works hard to create a media presence. He has areas of expertise that blend nicely with mine which I believe will make for a better book. We both have ag...
by msj16
Tue Sep 23, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 18
Views: 1345

Author Advice - Advantages/Disadvantages of Co-author

Hello, I have an area of expertise (nothing to do with personal finance) which lends itself to writing a book for the general public. I met with a potential co-author today who loves my idea for a book. This individual has written six previous books, has an agent, has great writing skills and bringi...
by msj16
Tue Sep 23, 2014 3:25 pm
 
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 18
Views: 1345

Re: Air Purifier for Allergies

Thank you Leesbro63 for letting me know. I am about to splurge on an IQ air as well!
by msj16
Sun Sep 21, 2014 3:01 pm
 
Forum: Personal Consumer Issues
Topic: Air Purifier for Allergies
Replies: 29
Views: 2391

Re: Air Purifier for Allergies

I am the original poster. I've used the IQAIR for 2 nights and have not sneezed once. Placebo effect? Maybe, I'd think it tough to fake the body into not sneezing. To be fair, I haven't sneezed much during the day either (outside the bedroom), so perhaps the weather is just good for a low allergy t...
by msj16
Sat Sep 20, 2014 8:40 am
 
Forum: Personal Consumer Issues
Topic: Air Purifier for Allergies
Replies: 29
Views: 2391

Re: Offered Promotion, but longer commute

It would probably be very stressful on your kids as well and this can have unexpected consequences on the whole family dynamic. It sounds like you have a bright future so I would just wait for the likely promotion.
by msj16
Tue Sep 02, 2014 11:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Offered Promotion, but longer commute
Replies: 37
Views: 3151

Re: Coverdell ESA for tutoring costs

Hi,

Just a quick note to say thank you for all of the helpful replies. As usual, the responses are so detailed that I can really create an action plan based on them.
msj16
by msj16
Mon Sep 01, 2014 6:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Coverdell ESA for tutoring costs
Replies: 6
Views: 499

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 10:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Coverdell ESA for tutoring costs
Replies: 6
Views: 499

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 9:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA - how to decide if it is worth it?
Replies: 14
Views: 1064

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 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA - how to decide if it is worth it?
Replies: 14
Views: 1064

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 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA - how to decide if it is worth it?
Replies: 14
Views: 1064

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 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA - how to decide if it is worth it?
Replies: 14
Views: 1064

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 4:49 pm
 
Forum: Personal Consumer Issues
Topic: Sport of Fencing question
Replies: 5
Views: 545

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 8:11 pm
 
Forum: Personal Consumer Issues
Topic: Sport of Fencing question
Replies: 5
Views: 545

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 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I become a CFP?
Replies: 27
Views: 3744

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 10:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me save my parents from Merrill Lynch
Replies: 54
Views: 6990

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 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9985

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 6:57 pm
 
Forum: Personal Consumer Issues
Topic: Memory foam mattresses - any insight?
Replies: 67
Views: 6701

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 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Voyager Select Financial Plan - Worth It?
Replies: 13
Views: 1987

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 10:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Voyager Select Financial Plan - Worth It?
Replies: 13
Views: 1987
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