Search found 66 matches

by AlwaysAStudent
Mon Jan 23, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our student loan?
Replies: 27
Views: 1673

Re: Should we pay off our student loan?

...Do you really want to be paying your own loan while your kids are going to school?... My situation is not the same as yours or as other poster's but this quote is a lot of what we focus on in our house. Our goal is to be completely debt free (including mortgage) by the time our oldest is 16-18 y...
by AlwaysAStudent
Tue Jan 17, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: HDHP switch? Feedback appreciated
Replies: 5
Views: 278

Re: HDHP switch? Feedback appreciated

This thread might help you answer some of your questions. viewtopic.php?f=2&t=207245

Personally, I have had an HDHP and HSA for many years (before, during and after being pregnant). At the moment I can not see a reason to switch for my family.
by AlwaysAStudent
Tue Jan 17, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Tracking our expenses
Replies: 40
Views: 3011

Re: Tracking our expenses

Another vote for YNAB.
by AlwaysAStudent
Thu Jan 12, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Suggestions Requested - Vanguard 401k
Replies: 2
Views: 275

Re: Portfolio Suggestions Requested - Vanguard 401k

Should I move out of the Target Fund? No. None of the separate options costs less. Since all you have are the 401k and Roth IRA, using the target-date fund in both accounts is just fine. Are Target Funds a good long term plan? They're good until you add a taxable account for retirement purposes. Th...
by AlwaysAStudent
Wed Jan 11, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Suggestions Requested - Vanguard 401k
Replies: 2
Views: 275

Portfolio Suggestions Requested - Vanguard 401k

Emergency funds: Working on this. Debt: Rental: $112k @ 4.0% – Rent covers PITI, manager fee, maintenance/vacancies Mortgage: $133k @ 4.125% School loans: $10k @ 7% - Currently at 0% while taking Master’s classes Car loan: $26k @ 2.74% Tax Filing Status: Married Filing Jointly Tax Rate: 15% Federal,...
by AlwaysAStudent
Tue Jan 10, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12175

Re: How Bad was 2008, really?

I was just barely attempting the whole adult thing at that time. I graduated in 2006, I had started putting money into a 401k around 2004 but it was probably only 1-3%. We bought a house in April 2007. Work was slowing down and we were getting home sick in the beginning of 2008 so in Aug of 2008 I g...
by AlwaysAStudent
Wed Jan 04, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 25
Views: 1287

Re: Medical Complaint + Switching to HDHP for Child Birth Costs?

OP Cost example: Let's use the example of delivering a child. Let us assume that it costs $10,000 for easy round numbers to use. I will assume that you will pay 20% once deductible is reached, as you did not state your co-insurance rate. Cost to deliver using PPO: $10,000(delivery yay baby is here)...
by AlwaysAStudent
Wed Jan 04, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 25
Views: 1287

Re: Medical Complaint + Switching to HDHP for Child Birth Costs?

OP Cost example: Let's use the example of delivering a child. Let us assume that it costs $10,000 for easy round numbers to use. I will assume that you will pay 20% once deductible is reached, as you did not state your co-insurance rate. Cost to deliver using PPO: $10,000(delivery yay baby is here)...
by AlwaysAStudent
Wed Jan 04, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 25
Views: 1287

Re: Medical Complaint + Switching to HDHP for Child Birth Costs?

My husband has MS with Rx costing thousands of dollars a month (if the drug company didn't offer an assistance program, independent of income) and we have a HDHP. The HDHP will continue to work the best for us due to the assistance program but if that ended we would have to recalculate the numbers. ...
by AlwaysAStudent
Tue Jan 03, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 7322

Re: Are Younger people funding 529 Plans?

Agreed with all the points by Chadnudj & bligh. Quite simply, there are numerous financial priorities for young parents more important than funding a 529. Although I agree with what most poster wrote we started a 529 the year our daughter was born. There is less than $1k in there for now, as we...
by AlwaysAStudent
Tue Jan 03, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27111

Re: Whats your number to walk away?

May be a little off track, but did you ever regret not having kids? We are at 29 and 28 ourselves and we both hate kids (other people's and the thought of our own). We agreed not to have any kids but everyone is telling us that we will feel differently when we get older. Did you? I am not that much...
by AlwaysAStudent
Tue Dec 13, 2016 9:58 am
Forum: Personal Finance (Not Investing)
Topic: How to pay for Graduate School
Replies: 33
Views: 1832

Re: How to pay for Graduate School

I agree with others that you should hold off on the MBA for a little while. Maybe Fall 2017? Hours in a week = 168 Full time job = 40 Part-time job = 20 Sleep = 49 (7 hours a night) Classes = 6 Homework = 9 Hygiene time (shower, dress, brush teeth, bathroom, etc) = 7 (1hr/day, do not cut this short,...
by AlwaysAStudent
Thu Dec 08, 2016 11:21 am
Forum: Personal Consumer Issues
Topic: Double Oven Ranges
Replies: 13
Views: 971

Re: Double Oven Ranges

We have this double oven range (or similar), not gas and love it. http://www.homedepot.com/p/GE-Profile-6-6-cu-ft-Slide-In-Double-Oven-Electric-Range-with-Convection-Lower-Oven-in-Stainless-Steel-PS950SFSS/204369893 We don't always need 2 ovens but being able to use the smaller top one when we are j...
by AlwaysAStudent
Tue Dec 06, 2016 11:11 am
Forum: Personal Consumer Issues
Topic: Flying Across Atlantic with 98th Percentile 18-Month Child
Replies: 114
Views: 6695

Re: Flying Across Atlantic with 98th Percentile 18-Month Child

We went on 2 different (shorter than you are) trips when our daughter was about 12-15 months. The first one was short notice, husband and daughter joined me on a business trip, so we decided to just let her sit in our laps. The next one was a vacation that was planned so she had her own seat. Althou...
by AlwaysAStudent
Tue Nov 15, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Stay at home parent vs. Daycare (personal question)
Replies: 19
Views: 2246

Re: Stay at home parent vs. Daycare (personal question)

My husband and I are currently making a decision to go the opposite direction you are talking about. Our child is 2.5 years old and we are hoping to add one in the next year or so. The kiddo has been going to daycare since about 8 weeks old when I went back to work full-time and my husband has been ...
by AlwaysAStudent
Fri Nov 11, 2016 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Does a car downgrade make sense for me?
Replies: 19
Views: 1973

Re: Does a car downgrade make sense for me?

Why not replace the truck with a commuter car and an older (smaller) truck? My husband and I each drive a Prius to work and have a 15 year old truck that is used for hauling stuff on the weekends (farm and DIY type of stuff). All 3 vehicles are paid off and the insurance on an old truck that doesn't...
by AlwaysAStudent
Wed Sep 21, 2016 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Baby deals
Replies: 43
Views: 2864

Re: Baby deals

Don't run out and buy a minivan and a four bedroom house tomorrow. No seriously, I know a lot of parents who go through a logical progression of 'gotta have the best'-ism. They look at 5 baby car seats, one is the size of an airline seat for an adult...they decide they have to get that one, because...
by AlwaysAStudent
Wed Sep 14, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Denied Term Life Insurance/A Reminder to Get Your House in Order
Replies: 40
Views: 4459

Re: Denied Term Life Insurance/A Reminder to Get Your House in Order

My DH was denied Term Life Insurance about a year ago due to health conditions. We were very up front with them and were originally told that didn't immediately disqualify him but the quote was pretty high. He ended up being disqualified due to an appointment/testing that was completed to be used as...
by AlwaysAStudent
Mon Sep 12, 2016 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: retiring with a mortgage
Replies: 35
Views: 3384

Re: retiring with a mortgage

... move to a LCOL area where they can purchase the house outright with the proceeds of the HCOL sale. ... We expect the purchase price to be about $250k-350k. ....That should give them almost $60k/yr That seems like a lot of house for a retired couple in a LCOL area. My mortgage (with a 20% down p...
by AlwaysAStudent
Tue Aug 16, 2016 9:22 am
Forum: Personal Consumer Issues
Topic: vacation ideas - October
Replies: 42
Views: 3798

Re: vacation ideas - October

If I lived near Chicago, I would consider Amtrak for leisurely travel. You could take the Capitol Limited over to Washington DC, which can have glorious fall colors that time of year, lots of plays and restaurants. I would take the Amtrak to Albuquerque and enjoy the balloon fiesta then check out T...
by AlwaysAStudent
Tue Aug 16, 2016 9:17 am
Forum: Investing - Theory, News & General
Topic: Knowing what you know now...
Replies: 22
Views: 2689

Re: Knowing what you know now...

I am in my early 30s, we had our baby a week before I turned 31 (only kid at this time). I have two things I would have changed about my 20s. 1. Applied a true budget earlier. We always budged bills (and contributed to 401k) but never budgeted for things like clothes, gifts, oil changes/tires, etc. ...
by AlwaysAStudent
Fri Jul 29, 2016 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Trying to help my retired parents
Replies: 16
Views: 1624

Re: Trying to help my retired parents

Are they currently in the 20% tax bracket? If not, why do they think they will have to pay 20% tax on the 401k? They could pull out small amounts each year that keeps them in whatever tax bracket they are already in. I am assuming they are under 70 and are not being required to pull out a set amount...
by AlwaysAStudent
Fri Jul 29, 2016 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Another can we retire...
Replies: 51
Views: 5950

Re: Another can we retire...

Philachild wrote:Can we retire?
We will spend about $195K per year.


Is that including what your tax liability is? If yes, that is a 3.5% WR so generally considered safe. Will there be any pensions, SS, etc income in the future?
by AlwaysAStudent
Fri Jul 29, 2016 7:53 am
Forum: Personal Consumer Issues
Topic: Stats on Americans 'cutting the cable' ?
Replies: 98
Views: 10423

Re: Stats on Americans 'cutting the cable' ?

Our friends in DC was amazed that they could cut the cord by using a cheap antenna (flat w/o amplifier for $7 shipped) to pick up all the local HD stations, thus saving $40 plus per month. They only live about 10-15 miles from their TV stations. As in my case, wife still needs her Food TV and HGTV ...
by AlwaysAStudent
Tue Jun 28, 2016 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Financial Plan/Question for 95 year old Dependent
Replies: 8
Views: 637

Re: Financial Plan/Question for 95 year old Dependent

If the $100k will last 18 months can you take the other $500k and put it in a CD ladder (I am not sure current rates). If her monthly cost are $5300 than she would need approximately $65k (I rounded) per year to live on. Can you find a CD that will expire in 12-18 months to put $65k into? Put anothe...
by AlwaysAStudent
Mon Jun 27, 2016 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Out of state interview etiquette (interviews with multiple companies but one is paying)
Replies: 10
Views: 1346

Re: Out of state interview etiquette (interviews with multiple companies but one is paying)

I would also call and discuss it with them. I went on an out of state interview (close to 10 years ago, so maybe not relevant) in which the company paid for the flight and offered to reimburse for the rental car. However, my siblings lived approximately 3 hours away and in a bigger city. We arranged...
by AlwaysAStudent
Wed Jun 15, 2016 11:10 am
Forum: Investing - Help with Personal Investments
Topic: 529 Plan
Replies: 4
Views: 548

Re: 529 Plan

MO is kind enough to offer tax breaks for using a 529 AND they don't require you to use the MO plan to get those tax breaks.

We are in MO and use the Utah 529 plan, at the time the fee for Utah were better than MO but I believe MO has gotten better.
by AlwaysAStudent
Wed Jun 15, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Parent plus loan or Cosign private student loan
Replies: 6
Views: 469

Re: Parent plus loan or Cosign private student loan

Whichever one you are most comfortable taking full responsibility for. My parents co-signed on student loans for my brother. Brother enjoyed several years income with more than needed to support his family but never made more than the min payment on the loans. Brother has now been laid off and start...
by AlwaysAStudent
Fri May 20, 2016 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 2992

Re: Pride in no inheritance to kids?

It used to be possible for a kid to do this. Now it would be almost impossible to graduate from a good college without a crushing debt that blights decades. (How the heck did that change happen?) I look at this differently. Blue collar jobs were more available in past generations because college wa...
by AlwaysAStudent
Thu May 19, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: 27 y/o, need some career advice
Replies: 45
Views: 3504

Re: 27 y/o, need some career advice

Were did you come up this this number though, you do not have an offer for 120k-130k base? You turned down an offer for 111k base and you have connections to potentially get a contract job for 150k and 0 benefits. That said your market value is only as high as what somebody has actually offered to ...
by AlwaysAStudent
Thu May 19, 2016 10:55 am
Forum: Personal Finance (Not Investing)
Topic: 27 y/o, need some career advice
Replies: 45
Views: 3504

Re: 27 y/o, need some career advice

3) You are getting $98k +5% now, a 9% match on the 401k, and the tuition of $25k. Let's say you were paying for that tuition yourself, so pre-tax dollars of say $35k. Your total compensation package right now is in the $145-150k range at the current company, but that also includes health and other ...
by AlwaysAStudent
Thu May 19, 2016 9:46 am
Forum: Personal Finance (Not Investing)
Topic: 27 y/o, need some career advice
Replies: 45
Views: 3504

Re: 27 y/o, need some career advice

3) You are getting $98k +5% now, a 9% match on the 401k, and the tuition of $25k. Let's say you were paying for that tuition yourself, so pre-tax dollars of say $35k. Your total compensation package right now is in the $145-150k range at the current company, but that also includes health and other ...
by AlwaysAStudent
Thu May 19, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 2992

Re: Pride in no inheritance to kids?

klangfool wrote: Let me ask you a reverse question. Why should you leave an inheritance to your children? If you did a good job as a parent, they would be able to survive and thrive on their own. If you did not do a good job as a parent, how does leaving an inheritance help in anything? They would ...
by AlwaysAStudent
Wed May 18, 2016 8:35 am
Forum: Personal Consumer Issues
Topic: Did your children ever completely move out?
Replies: 53
Views: 4624

Re: Did your children ever completely move out?

It isn't always the kids who are keeping the old junk. My in-laws kept everything from 60's toys to a crib. The crib was, of course unsafe by the time we could use it and although we've said to throw out the toys, they're kept and occationally handed to us in a bag when we visit. We throw them out ...
by AlwaysAStudent
Mon May 16, 2016 2:51 pm
Forum: Personal Consumer Issues
Topic: College - In state - Children staying close to parents
Replies: 54
Views: 3279

Re: College - In state - Children staying close to parents

Do the following assumptions make sense? If the children go to in state versus out of state college. They would be close to parents during college for approximately six years including graduate school. There are higher chances that they would take a job in state. It would lead to higher chances of ...
by AlwaysAStudent
Tue May 03, 2016 12:17 pm
Forum: Personal Consumer Issues
Topic: Second IRS Final Notice Filing Law Suit Phone Call
Replies: 19
Views: 2596

Re: Second IRS Final Notice Filing Law Suit Phone Call

I got a call like this last year, the number was within the same state but 4 hours away.

After arguing with them for probably 20 mins, I told them I would wait outside for the police officer to show up and arrest me. They hung up on me.
by AlwaysAStudent
Mon May 02, 2016 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Couples: Are you and your significant other on the same page financially?
Replies: 65
Views: 6640

Re: Couples: Are you and your significant other on the same page financially?

We agree on our financial goals but disagree on how and when to hit those goals (healthy retirement and lots of travel while being debt free). I am of the mind set that we should sacrifice to pay off debt and save as much as possible to reach that goal as soon as possible. He is of the mind set that...
by AlwaysAStudent
Thu Apr 14, 2016 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 6191

Re: grateful for any input on a major, urgent real estate decision

anonima wrote:1. significantly below the current market value of the house


Are you sure or just guessing? Did you see an appraisal or a realtor market analysis?
by AlwaysAStudent
Wed Mar 23, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning with Multiple Sclerosis
Replies: 16
Views: 1685

Re: Retirement Planning with Multiple Sclerosis

The main thing is to find the right balance between living in the now and saving for the future. Your husband, and you, are facing the mortality question sooner than most, but the problem is the same. If his MS progresses there will be things he can't do later that he can do now. Try really hard to...
by AlwaysAStudent
Wed Mar 23, 2016 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning with Multiple Sclerosis
Replies: 16
Views: 1685

Re: Retirement Planning with Multiple Sclerosis

If you change jobs or lose your job, can you take your existing disability insurance with you? If not, consider purchasing a supplemental policy outside of your work. As for the life insurance, if you're still interested in buying a term life policy on your husband, consider using an independent ag...
by AlwaysAStudent
Wed Mar 23, 2016 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning with Multiple Sclerosis
Replies: 16
Views: 1685

Re: Retirement Planning with Multiple Sclerosis

If by "covers expenses" that includes building up reserves for vacancies, an occasional bad renter, and big maintenance items that will eventually be needed, like a new roof someday, then that might not be all that bad. The reason is that a large part of your mortgage payment is paying do...
by AlwaysAStudent
Wed Mar 23, 2016 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning with Multiple Sclerosis
Replies: 16
Views: 1685

Re: Retirement Planning with Multiple Sclerosis

You're not going to find any definite answers because no one can possibly know what the future will hold re healthcare costs in general and for MS (or any other medical condition) in particular. But here are some things to consider: Disability insurance: Do you have it on either of you? If not, he ...
by AlwaysAStudent
Tue Mar 22, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning with Multiple Sclerosis
Replies: 16
Views: 1685

Re: Retirement Planning with Multiple Sclerosis

the one thing certain about MS is the uncertainty. Yes but it makes trying to plan for something like retirement very frustrating. The cost of medications is huge. He also switched to tecfidera from rebif in the last year, we are enrolled in the company assistance program so it currently cost us $0...
by AlwaysAStudent
Tue Mar 22, 2016 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning with Multiple Sclerosis
Replies: 16
Views: 1685

Retirement Planning with Multiple Sclerosis

My husband was dx'd with MS approximately 3.5 years ago and I am completely lost on how to properly prepare for retirement with this known health concern. Below are our current stats, I have always contributed to a 401k but not at a very high %, we just started a Roth IRA for him in 2015. Emergency ...
by AlwaysAStudent
Tue Mar 22, 2016 8:44 am
Forum: Personal Consumer Issues
Topic: Trip to Yellowstone / Grand Teton area.
Replies: 27
Views: 2516

Re: Trip to Yellowstone / Grand Teton area.

I don't know about availability (or price anymore) as they usually book fast but I would probably stay in a cabin at Grant Village in Yellowstone to explore the Grand Tetons and the south loop of Yellowstone then stay a night or 2 at Roosevelt Lodge to explore the north loop. Then head out the north...
by AlwaysAStudent
Mon Mar 21, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Spousal income inequality, pay off mortgage or invest?
Replies: 44
Views: 6066

Re: Spousal income inequality, pay off mortgage or invest?

You've got good responses above on the spending/investing side. My question, as another guy whose wife has essentially always made 2X (or more) my salary, is why her? (Yeah, this is getting beyond your precise question.) DW took six weeks off post C-sections and then we both worked our usual hours ...
by AlwaysAStudent
Thu Mar 17, 2016 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Age 29; stay in smaller house or buy a bigger house?
Replies: 44
Views: 4709

Re: Age 29; stay in smaller house or buy a bigger house?

I wonder if getting a bigger house and yard means moving farther out into the suburbs/exurbs. If the result is a longer commute to work and more time spent in the car for everything else, I think it's a mistake. Time only becomes more scarce and valuable as a parent. I'd rather live in a smaller sp...
by AlwaysAStudent
Tue Mar 15, 2016 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Distributing lump sum to student loans
Replies: 9
Views: 1089

Re: Distributing lump sum to student loans

Maybe a hybrid approach. Pay 12x monthly payments toward each of the federal loans (or 13x for some margin), then put whatever's left into Wells Fargo. After that's retired put whatever's left into the highest rate federal loan, etc. +1 for this. I would also like to point out that at least in my c...
by AlwaysAStudent
Thu Mar 10, 2016 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Sudden Increase in Salary -- Need Strategy Help
Replies: 13
Views: 1755

Re: Sudden Increase in Salary -- Need Strategy Help

Does the new job offer a 401K? If yes, max it out (drops your taxable income) What about health insurance, will you have access to an HSA? If yes, max it out (drops your taxable income) Does your wife work, does she have access to a 401k? If yes, max it our (drops your taxable income) Once you max a...
by AlwaysAStudent
Tue Mar 08, 2016 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage questions
Replies: 10
Views: 1530

Re: Mortgage questions

turns out, last night no less, wife informed me that the local hospital sent a bill to collections on us, so now I'll be curious when that will show up, and if it'll be marked as paid/taken care of in the near future. [It's a $20 item, so we hit the roof when we found out--hospital mailed to wrong ...

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