Search found 12 matches

by Biotech3
Mon Aug 07, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 31
Views: 4330

Re: Helping my parents with their retirement

If you'll indulge me, I do take issue with your "want and deserve it" comment. Now in your parents' case it is clear that they can afford the remodel, and I see no reason to ask them to rethink. But a lot of people get themselves in financial trouble by buying things that they "want and deserve" bu...
by Biotech3
Sun Aug 06, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 31
Views: 4330

Please help with parents retirement! (long read)

Hi All, I have previously created a thread asking for advice on helping my parents get their finances together. Since the information was trickling in, I was asked to start a new thread. Some background, my parents have asked me to help with their retirement and there are several questions that I ha...
by Biotech3
Sun Jun 18, 2017 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 31
Views: 4330

Re: Helping my parents with their retirement

Hi All, Thank you all for the helpful information. Currently, here is their budget, which is very eye-opening to me and concerning to me: Mortgage: 100k left / currently @ 1100/month Homeowner's insurance: 1000/year Car payments: 460/month, 5 months left. 390/month, 36 months left Car Insurance: 205...
by Biotech3
Tue May 30, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 31
Views: 4330

Re: Helping my parents with their retirement

Hi All, Thank you for bearing with me as information trickles in. For my mother's pension, there is a single life annuity at 2897/month For my Father's pension, it will be 1448 with Survivor benefits and 1609 without Survivor benefits. These estimates are for planned retirement in 2020. His TSP is a...
by Biotech3
Mon May 29, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 31
Views: 4330

Re: Helping my parents with their retirement

Hi All, I know it's been a while since this thread was last active, but I finally have some additional information and hoping to get your help with helping my mother retire, as it is getting very close to her retirement. Please see stats below: Mom 401K: 714K in Vanguard Mom Pension: 493K Mom tIRA: ...
by Biotech3
Mon Jan 02, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 31
Views: 4330

Re: Helping my parents with their retirement

Hi All, After spending the holidays with my family and starting to dig into their finances, I realized I may be in over my head and wanted to bump this thread. From what I have gathered, they have multiple taxable accounts with balances ranging from 20-100k, along with their retirement accounts (dad...
by Biotech3
Wed Oct 05, 2016 9:33 pm
Forum: Personal Consumer Issues
Topic: Vacation from SF around NYE?
Replies: 6
Views: 526

Re: Vacation from SF around NYE?

I would be able to use points for air travel, so not including airfare in the budget. New Orleans is definitely on my short list.
by Biotech3
Wed Oct 05, 2016 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 31
Views: 4330

Re: Helping my parents with their retirement

Thanks joebh! I will start with these questions and report back. To answer a couple of the questions: - when do they want to retire? mom wants to retire in 2017, dad wants to retire ~ 2020 - what do they want to do in retirement? they do not travel or have expensive hobbies, nor do I see them wantin...
by Biotech3
Wed Oct 05, 2016 8:31 pm
Forum: Personal Consumer Issues
Topic: Vacation from SF around NYE?
Replies: 6
Views: 526

Vacation from SF around NYE?

Hi All,

I'm looking to get out of SF for New Years and was wondering of any suggestions for cool, CHEAP (under $1,000 total) places around that time to travel to for about 7 days, either domestic or international. Any suggestions would be great!
by Biotech3
Wed Oct 05, 2016 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 31
Views: 4330

Helping my parents with their retirement

Hi All, My parents are nearing retirement soon, and I wanted to get some advice here on how to get their finances together. They have asked me to start looking into it but are very cryptic with what they have. Currently, I believe that they have their finances handled by some manager and I am afraid...
by Biotech3
Sun Sep 18, 2016 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: UPDATE: New investor looking for advice
Replies: 16
Views: 2485

Re: UPDATE: New investor looking for advice

I wanted to update you all on my status and see if there was any additional advice that I could get as it seems like I am a little off from where I was hoping to be back when I started my profile and "loosely" following the Boglehead lifestyle. I turned 28 a couple of months ago and recent...