Search found 74 matches

by OnTrack2020
Wed Aug 16, 2017 7:08 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 119
Views: 5794

Re: Is $9000 too much for a sectional sofa ?

We bought a "sectional" - 2 pieces - well over a decade ago. It was custom-ordered and I chose very heavy-duty fabric. Today, it still looks great! Through all the years where our kids were small, now college age, that sectional has held up great. It is downstairs in our family room, and the kids no...
by OnTrack2020
Wed Aug 16, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 30
Views: 5554

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

Wow, that is certainly not good news; however, you have options due to the amount of dollars you have on hand. Personally and only if you and your husband are feeling up to it, would I downsize. That is a lot to take on right now, especially with a young child and one on the way. It may be best to s...
by OnTrack2020
Wed Aug 16, 2017 5:09 am
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 4385

Re: Best Housing To Avoid Noise

A house in the country on many acres away from a main highway.
by OnTrack2020
Mon Aug 14, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3233

Re: What % of income to buy a car is not excessive?

A better question would be what percent of your net worth to spend on a car. At least to me when you are looking at is as a percent of income it implies that you would be getting a car loan. When I was starting out I had car loans so there is nothing inherently wrong with them but if you have to ge...
by OnTrack2020
Mon Aug 14, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3233

Re: What % of income to buy a car is not excessive?

I never knew there was a % tied to buying a car. Have only heard it for houses. However, the 3 months for a car and 3 years for a house sounds pretty much spot on. If you are looking for a Toyota, they have some good deals. We were going to finance (yes, bad word) a vehicle from our local bank, but ...
by OnTrack2020
Mon Aug 14, 2017 7:24 am
Forum: Personal Consumer Issues
Topic: Adult Teens and Auto Insurance
Replies: 1
Views: 255

Adult Teens and Auto Insurance

Our son would like to buy a newer truck at some point within 6 months or so. During this time, he will turn 19. If he buys a vehicle and registers it in his name, would he also put the insurance in his name, or would he still be listed under our auto insurance? I do believe our insurance agent menti...
by OnTrack2020
Fri Aug 11, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: "Upper Middle" Class - ditch WLI or ride it?
Replies: 32
Views: 5476

Re: "Upper Middle" Class - ditch WLI or ride it?

No husband or children yet, plus your savings covers your debt on your car....there really is no reason for it. We purchased term life insurance once we were married and had children. Also, once the insurance served its purpose (15 years later), we didn't need it any more.
by OnTrack2020
Thu Aug 10, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house as a student
Replies: 27
Views: 1313

Re: Buying a house as a student

Is pharmacy school that inexpensive where you can pay for tuition and a mortgage with $70k?
by OnTrack2020
Thu Aug 10, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5615

Re: Struggling with Justifying an Expensive Car Purchase

You have not mentioned what vehicles you are thinking about?
by OnTrack2020
Wed Aug 09, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16233

Re: Life at crossroads. What would you do ?

Oh, for goodness sake, do not move to Fargo! The winters are brutal. With that being said, google "Silicon Prairie Cities" and it will give you an indication of what's available in tech within the Midwest. Living in a low-cost area will get you: House - $24k per year, easily if not a little high Uti...
by OnTrack2020
Tue Aug 08, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16233

Re: Life at crossroads. What would you do ?

For starters, with $2M, I'd move to an area with a much LCOL--meaning I would stay away from the states along the coasts. You have time now to research places/job hunt while your wife continues to work. Your expenses would pretty much be cut in half if you moved to the middle of the country. And, pe...
by OnTrack2020
Tue Aug 08, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Question re: Exchanging tIRA funds in Vanguard
Replies: 2
Views: 188

Question re: Exchanging tIRA funds in Vanguard

Hi, I recently transferred a tIRA to VG from Franklin-Templeton (all after-tax money). It went into a traditional IRA brokerage account at VG, and shows as holding F-T funds. Now, I'm wanting to exchange the F-T funds into VG funds within the tIRA . When I go to do the exchange at VG, it will only a...
by OnTrack2020
Sun Aug 06, 2017 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: A plan that might work for two goals?
Replies: 11
Views: 1236

Re: A plan that might work for two goals?

We have an adopted daughter who struggles with the language, so I'm aware of what you are talking about, and we also have a son who is going to study graphic design this Fall, and I'm also quite aware of the "not so good" job prospects in the area where we live. I think it is very hard to come into ...
by OnTrack2020
Sun Aug 06, 2017 10:17 pm
Forum: Personal Consumer Issues
Topic: Help me pick a car
Replies: 54
Views: 4121

Re: Help me pick a car

Toyota Corolla. They are very dependable and have pretty good size trunk space. We bought a "new" one yesterday--if 2016 can be considered new--the basic model. This will be our 3rd Corolla and our 5th Toyota. It was $15.5k out the door, had 20 miles on it. The Grand Cherokee will not have that grea...
by OnTrack2020
Tue Aug 01, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Need Help on Vehicle Situation/Another Car Purchase Question
Replies: 20
Views: 1536

Re: Need Help on Vehicle Situation/Another Car Purchase Question

Is there any way to increase household income? When funds are tight and you need something dependable and reliable, a used well-maintained Corolla is about as good as it gets. Not at this point in time. Credit cards have been paid off and will now save for an old Corolla. I'll echo the concern over...
by OnTrack2020
Mon Jul 31, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Need Help on Vehicle Situation/Another Car Purchase Question
Replies: 20
Views: 1536

Re: Need Help on Vehicle Situation/Another Car Purchase Question

Assuming you have a low 18% interest rate on those credit cards you are paying $2,500/yr! How can you afford this debt! You likely could have bought a car on the interest you paid already. Get a cash car for $2-3k and put the rest of the money to pay off cc debt. If the car breaks or your daughter ...
by OnTrack2020
Mon Jul 31, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Need Help on Vehicle Situation/Another Car Purchase Question
Replies: 20
Views: 1536

Re: Need Help on Vehicle Situation/Another Car Purchase Question

Does the college have zip car? My son used this for a year before we got a cheap car for his summer job. Can the high school kids take a school bus? I would think that the kids should have summer jobs right now. My son has one and when he gets paid, 100% goes to my checking account so I can put it ...
by OnTrack2020
Mon Jul 31, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Need Help on Vehicle Situation/Another Car Purchase Question
Replies: 20
Views: 1536

Re: Need Help on Vehicle Situation/Another Car Purchase Question

You haven't given us your whole picture, but it sure doesn't sound like your in a position to afford a new car. A used one isn't going to help the cc debt. Have you called the school to see about transportation? Sounds fishy that there is none. If anyone needs to get around at school, Uber is going...
by OnTrack2020
Sun Jul 30, 2017 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help on Vehicle Situation/Another Car Purchase Question
Replies: 20
Views: 1536

Re: Need Help on Vehicle Situation/Another Car Purchase Question

Make the kids buy their own cars. Many colleges, rural or suburban run shuttles or have similar services. A car is really not necessary at college especially with your financial situation. Show your kids the responsible choice. Buying a new truck makes zero sense. Low 100K miles on a Toyota truck? ...
by OnTrack2020
Sun Jul 30, 2017 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help on Vehicle Situation/Another Car Purchase Question
Replies: 20
Views: 1536

Re: Need Help on Vehicle Situation/Another Car Purchase Question

PFInterest wrote:I'm sorry. I stopped at 14K CC debt.


I know, I know :oops: .....I'm thinking I should take the $8k and $7k and just pay it off. Then deal with the car situation.
by OnTrack2020
Sun Jul 30, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help on Vehicle Situation/Another Car Purchase Question
Replies: 20
Views: 1536

Need Help on Vehicle Situation/Another Car Purchase Question

Background: We have 4 teens (1 will not be driving for another 2 years, more than likely). We live in an area where there is no access to public transportation such as buses, trains, Uber, etc. and riding a bus/walking/bicycling to school is not an option. We are heavily reliant on vehicles due to w...
by OnTrack2020
Thu Jul 27, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: GF Picking a college major
Replies: 105
Views: 5196

Re: GF Picking a college major

Girlfriend is a college sophomore and is having an identity crisis of sorts - She was premed but was overwhelmed by the time second semester of Chem and struggled gradewise. She's not good at math or the hard sciences. She also has severe social anxiety so I don't think she would be good in a sales...
by OnTrack2020
Wed Jul 26, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: Where to View Total Eclipse? - Kansas City / Nashville et al
Replies: 97
Views: 5945

Re: Where to View Total Eclipse? - Kansas City

Walmart - $1.00 solar eclipse glasses
by OnTrack2020
Wed Jul 26, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: IRA "registration error" (?) Roth vs Traditional at American Funds
Replies: 37
Views: 1981

Re: IRA "registration error" (?) Roth vs Traditional at American Funds

If he was a minor, his parents probably have the paperwork. I am looking at a Form 5498 from American Funds from 2002 (I'm also considering switching an IRA to VG). The Form 5498 has such a detailed breakdown how to how the funds were contributed, whether it's traditional, rollover, recharacterized,...
by OnTrack2020
Wed Jul 26, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Late start for college savings
Replies: 16
Views: 1334

Re: Late start for college savings

Congrats! And remember....there are sooo many options for you when a child goes to college/university. 1. Prep for the ACT; in our state, they take it in high school. How are her grades? 2. When she's a senior, have her apply for every single scholarship she is eligible for in high school. 3. Child ...
by OnTrack2020
Mon Jul 24, 2017 9:51 pm
Forum: Personal Consumer Issues
Topic: College student daughter got her car totaled. Advice?
Replies: 34
Views: 3042

Re: College student daughter got her car totaled. Advice?

I have been scouring local car dealers for a used car for our teen. Honestly, for a college student who is working and needs reliable transportation, there is nothing worth buying in the $5k range. It will either be fairly older with high mileage. I've set a budget of $10k, but, even then, it's diff...
by OnTrack2020
Fri Jul 21, 2017 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring an IRA to VG Question
Replies: 8
Views: 444

Re: Transferring an IRA to VG Question

Avolition wrote:You can create an (empty) Vanguard account online in about 5 minutes, then you'd have your account number.


....even if we already have accounts with them?
by OnTrack2020
Fri Jul 21, 2017 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring an IRA to VG Question
Replies: 8
Views: 444

Re: Transferring an IRA to VG Question

This is not a company IRA. I called the "old" custodian. There is a form they require to fill out with the medallion signature stamp. My local bank doesn't do the stamp. I will call VG next week, and ask them about the account number. I thought this would be easy.....
by OnTrack2020
Fri Jul 21, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring an IRA to VG Question
Replies: 8
Views: 444

Transferring an IRA to VG Question

Am planning on transferring a traditional IRA to VG. Am working on getting the signature stamp. The other piece of information is that the custodian we are transferring from has a space on the application asking for an account number that it's going into. I see that VG puts the money into a settleme...
by OnTrack2020
Thu Jul 20, 2017 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Son's trust fund for education
Replies: 13
Views: 1242

Re: Son's trust fund for education

We have a son who will be a sophomore in college (private) and one that will be entering a community college this fall. We have kept all their money in their respective stock funds, rather than move to CDs, money market, etc. Maybe we're "missing the boat" on this in terms of a market decl...
by OnTrack2020
Wed Jul 19, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Options for College Savings
Replies: 17
Views: 836

Re: Options for College Savings

We put money toward our kids' college in taxable accounts. It works for us; it's not for everyone.
by OnTrack2020
Tue Jul 18, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House in Foreclosure?
Replies: 13
Views: 1208

Re: Buying a House in Foreclosure?

I should say, $40k is the asking price. Also, I'm assuming it's empty--no furniture in pictures.
by OnTrack2020
Tue Jul 18, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House in Foreclosure?
Replies: 13
Views: 1208

Buying a House in Foreclosure?

Has anyone ever done this? What things do we need to ask? Do we need to seek the advice of an attorney? How does it differ from buying a house not in foreclosure? We are thinking of looking at a house that is in foreclosure. It isn't worth a lot--around $40k. We already own a home; this would be for...
by OnTrack2020
Mon Jul 17, 2017 5:22 pm
Forum: Personal Consumer Issues
Topic: Humid basement
Replies: 39
Views: 2659

Re: Humid basement

We've started running a dehumidifier in our walk-out basement. It's been several months now. It runs at a certain percent and then will automatically shut-off/turn back on when needed. We've had no problems with dryness in the air or any additional seepage. As another poster mentioned, it just makes...
by OnTrack2020
Sun Jul 16, 2017 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 3855

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

I find it interesting that so many have noted your expenses seem low compared to your income. I imagine that is how you managed to have a portfolio of over $2M. I have gone through our expected expenses (4 years down the road) in our LCOL area, and bumped it up by 1/4 as our CPA suggested, and still...
by OnTrack2020
Sun Jul 16, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with this "mess" of taxable accounts
Replies: 3
Views: 585

Help me with this "mess" of taxable accounts

My husband is planning to retire in about 4 years at age 62. The taxable accounts listed below are roughly 14% of our retirement portfolio. Upon his retirement, we would like either 50/50 or 55/45. I feel pretty comfortable with our non-taxable portion in regards to asset allocation, but continue to...
by OnTrack2020
Sat Jul 15, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Best way to build wealth
Replies: 19
Views: 1718

Re: Best way to build wealth

Absolutely and without a doubt:

1. Start young
2. Invest/save every paycheck
by OnTrack2020
Fri Jul 14, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 105
Views: 6025

Re: What advice to give 21 year old?

We have a 19-year-old (and 3 other children), soon to be college sophomore, who I have tried many years to give financial advice to...he's more interested in spending than saving at this point, but he's starting to listen more. I've tried to do my best to tell him to start saving while young, becaus...
by OnTrack2020
Sun Jul 09, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Relative in trouble; how do we help?
Replies: 26
Views: 2301

Re: Relative in trouble; how do we help?

It might be wise to consult an attorney, if nothing other than to understand what your responsibilities would be with various arrangements. Taking over as a guardian basically strips the person of all their rights. Taking on a conservatorship means you will need to account for every penny spent. A g...
by OnTrack2020
Sat Jul 01, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Question re: VBTLX Dividend Received
Replies: 5
Views: 409

Re: Question re: VBTLX Dividend Received

They are held at VG. They only show on the transaction page. On the holdings/balances page, the additional shares were not included.
by OnTrack2020
Sat Jul 01, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Question re: VBTLX Dividend Received
Replies: 5
Views: 409

Question re: VBTLX Dividend Received

We reinvest dividends for VBTLX. Do the additional shares that are reinvested show up on Monday, or would they have shown up this morning? Under balances and holdings, it shows the previous month (June) shares. Transaction history shows shares transacted and dividend amount for June 30. I hope I'm m...
by OnTrack2020
Sun Jun 18, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 4517

Re: Why do we need an emergency fund?

Depending on your living situation, here's why: 1. We have had three major rain/wind storms over a 12-month period. Straight-line winds do major damage. We had several trees uproot during the storm; one fell on our roof. We needed to get it off quickly. The company who came to get the tree off our r...
by OnTrack2020
Wed Jun 14, 2017 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary designations for trust
Replies: 15
Views: 1095

Re: Beneficiary designations for trust

We're just starting this process. I've noticed one company (I'm assuming others will do it also) allows us to attach a separate sheet of paper. We will have to print out the document and mail it.
by OnTrack2020
Tue Jun 13, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Newbie seeking advise
Replies: 18
Views: 1461

Re: Newbie seeking advise

This is really good advice regarding simplifying. We've been investing in VG for years, and are just now starting to take a look at all of the funds we have; is each one really necessary, and what can we do to decrease the number of funds? It would make things so much easier. My feeling is that Vang...
by OnTrack2020
Tue Jun 13, 2017 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Spouse returning to work. How to keep low stress lifestyle?
Replies: 47
Views: 5008

Re: Spouse returning to work. How to keep low stress lifestyle?

Our circumstances are fairly similar to the OPs, but we don't save as much on an annual basis. We also have 4 kids and I'm a SAHM. With that being said, here goes: --Really think through any extracurricular activities the kids want to do. Some are complete money/time wasters and really drain the lif...
by OnTrack2020
Sun Jun 11, 2017 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Joint bank account w/parent or not?
Replies: 28
Views: 2277

Re: Joint bank account w/parent or not?

Yes, you can add your name, or not. The tax forms would come to her, since the account would be linked to her social security number as the primary. If she has good financial habits now, that is likely not going to change going forward unless there is a mental decline or major illness. If it does ch...
by OnTrack2020
Fri Jun 09, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Optimal private school saving/spending plan?
Replies: 12
Views: 1167

Re: Optimal private school saving/spending plan?

Financial aid can come in various sources--scholarships from the school, outside scholarships, work study, and loans. If your son attends a private university and has pretty decent grades, he should get a decent financial aid package. One of our sons is at a private university. We've never done a 52...
by OnTrack2020
Thu Jun 08, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Any tips on creating a budget for a SAHM ?
Replies: 24
Views: 1957

Re: Any tips on creating a budget for a SAHM ?

I'm a SAHM and have always handled the finances in our home--we have 4 kids. This is how we've handled it. After all deductions (which includes taxes, health insurance, life insurance, dental, vision, 401k, savings, etc.) are made from hubby's paycheck, the automatic deposit into checking is what is...
by OnTrack2020
Wed Jun 07, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Would You Sell Berkshire?
Replies: 17
Views: 1421

Re: Would You Sell Berkshire?

Taxable...around 3% of total stocks.
by OnTrack2020
Wed Jun 07, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Would You Sell Berkshire?
Replies: 17
Views: 1421

Would You Sell Berkshire?

Over a decade ago, I bought some BH---5 shares. It was around $3k per share at the time. We held onto and it split (50 shares for every 1). I can't remember what year, but we sold 1/2 the shares, and have kept 1/2 the shares, so we still have our original monies invested plus a few thousand . Am loo...