Search found 33 matches

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: 3989

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: 961

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: 1253

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: 4559

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: 2037

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: 1061

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: 1771

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: 1311

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: 1311

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...
by OnTrack2020
Mon Jun 05, 2017 6:57 am
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 105
Views: 6761

Re: Flying first class, business, versus economy.

Upgrade....you won't regret it for a moment. Several years ago, we made a trip to China. Flew economy...it's a 14-hour flight; it was the absolute worst. There was just no leg room and the plane was packed. The plane, in general, just felt very overcrowded, so to speak. Then about a year after that ...
by OnTrack2020
Thu Jun 01, 2017 6:08 am
Forum: Personal Finance (Not Investing)
Topic: How does a mere mortal navigate healthcare/insurance issues
Replies: 50
Views: 4497

Re: How does a mere mortal navigate healthcare/insurance issues

We've had this situation occur on numerous occasions where one of our children has had several surgeries wherein "one part" of the surgery is considered out-of-network. The two options that we've had are: (1) appeal the bill asking the insurance company to pay in-network rates. The vast ma...
by OnTrack2020
Tue May 30, 2017 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Question
Replies: 4
Views: 521

Re: Vanguard Brokerage Question

I found a previous post regarding switching over to the brokerage account, and people are saying not to do it; that they regretted doing it. Is this true?
by OnTrack2020
Tue May 30, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Question
Replies: 4
Views: 521

Re: Vanguard Brokerage Question

The upgrade button for the brokerage account is only for the traditional and Roth IRA, not for any taxable mutual fund accounts. Why is this?--I'm not sure I understand. Could this be due to account ownership? The traditional and Roth IRAs held in one spouse's name, while the taxable mutual funds ar...
by OnTrack2020
Tue May 30, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: How best to care for someone who frequently falls
Replies: 32
Views: 2565

Re: How best to care for someone who frequently falls

We had this same issue with my mother over a decade ago. The issue wasn't strictly about how often she fell, it was about what we had to do each time she fell. The standard answer was to call 911 because my father could not lift her. I wanted to move her into my home, but we knew the same thing woul...
by OnTrack2020
Tue May 30, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Question
Replies: 4
Views: 521

Vanguard Brokerage Question

Hi, received email asking to switch to their brokerage service. My question is: when I log on to make the switch, will it switch over all the accounts to the brokerage service: taxable mutual funds, traditional IRA, and Roth IRA?
by OnTrack2020
Tue May 23, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: After tax money in 401k rolled over to IRA in 2004
Replies: 9
Views: 538

Re: After tax money in 401k rolled over to IRA in 2004

We did this just this past year. As the previous poster mentioned, the pre-tax portion was rolled over into a Traditional IRA, while the after-tax portion was rolled into a Roth IRA-----two separate checks.

Have you called the institution you rolled the money into to discuss?
by OnTrack2020
Thu Apr 20, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Does Insurance Have to Pay an Out-of-Network Ambulance Bill in Full?
Replies: 46
Views: 3097

Re: Does Insurance Have to Pay an Out-of-Network Ambulance Bill in Full?

My thought is that you will need to send an appeal letter to your insurance company to pay in-network, as you mentioned this is a small-town ambulance and you were not given the option of having any other in-network ambulance service provide transportation. Is this correct? If that is the case, then...
by OnTrack2020
Wed Apr 12, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Windfall for someone on Medicaid
Replies: 12
Views: 1796

Re: Windfall for someone on Medicaid

Do you live in a state which has the ABLE savings accounts? This allows people who are on Medicaid/other assistance who have been diagnosed with a disability prior to age 26 to contribute to and keep up to a certain amount of dollars in an account to be used for disability-related purposes. I do not...
by OnTrack2020
Sun Apr 09, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 100
Views: 4433

Re: Require Access to School Records?

I do think it is appropriate for the parents to ask the child to sign a release to have access to their school records. I believe our son had to sign a form giving us permission. And, with scholarships, he has to keep his grades up, so I try not to get too hung up about it. Also, he has a renewable ...
by OnTrack2020
Wed Apr 05, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance (LTCI): Too Expensive or Worth the Cost?
Replies: 35
Views: 4474

Re: Long Term Care Insurance (LTCI): Too Expensive or Worth the Cost?

I would be very curious as to the statistics as to how long the life expectancy is for those that enter a nursing home. When my mother entered a nursing home, it was toward the end of her life--around 4 months. When my father entered a nursing home, it was less than 1 week before he passed. That's n...
by OnTrack2020
Tue Apr 04, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Spring Break Trip to Disney World
Replies: 68
Views: 4719

Re: Spring Break Trip to Disney World

Here are a few tips we've learned from going twice: 1. Both my husband and I took Ibuprofen prior to going to the parks, then again shortly after lunch. It really helped with all of the walking we did, and saved us from being miserable. 2. It may be too late since you are leaving soon, but if you ha...
by OnTrack2020
Fri Mar 31, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Talk me through this Pension Option
Replies: 7
Views: 645

Re: Talk me through this Pension Option

Do you have children?
by OnTrack2020
Wed Mar 29, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Hospital billing nightmare
Replies: 26
Views: 2496

Re: Hospital billing nightmare

After reading through it all, I think you are going to need to wait until everything goes through---meaning you will need to wait until all the insurance comes through and is posted, along with any adjustments. Sometimes it can take a while. If you added the baby to your insurance, you will want to ...
by OnTrack2020
Wed Mar 29, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Hospital billing nightmare
Replies: 26
Views: 2496

Re: Hospital billing nightmare

Problem #3. You will need to let the hospital know that the baby is on your insurance plan so they can bill to the correct insurance.
by OnTrack2020
Wed Mar 29, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Hospital billing nightmare
Replies: 26
Views: 2496

Re: Hospital billing nightmare

For problem #1 and problem #2: Did the bill come through with the insurance payment/adjustment applied? For one of our doctors, our payment will not show up on the bill until the insurance payment comes through and is posted. So if I pre-pay toward the bill, my payment won't show up. I have to wait ...
by OnTrack2020
Tue Mar 28, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10722

Re: Not opting for 529... anyone else?

We've never used any 529s--all taxable. One son attends a private university and did receive renewable scholarships for around $21k. Those scholarships have been a tremendous help. I have to say I was quite nervous in how we/he were going to pay for it. We have managed to pay for the first year. He ...
by OnTrack2020
Tue Mar 28, 2017 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Is it time to stop investing in the 529?
Replies: 12
Views: 2167

Re: Is it time to stop investing in the 529?

I'm assuming your daughter will get scholarships considering her GPA. If so, you are pretty much spot on. I would figure at the higher end. Our son attends a private university. Tuition, fees, room, and board runs $40k per year, and is increasing again the coming school year. He received $21k worth ...
by OnTrack2020
Sat Mar 25, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 80
Views: 6998

Re: How did graduating out of daycare impact your finances?

As several have mentioned, it gets worse, much worse. School lunches, constant fundraising, extracurricular activities--fees and uniforms, whether it be dance, football, scouts, etc., book fairs at school, the constant need for news shoes and clothes, nice dress clothes for school dances, admission ...
by OnTrack2020
Fri Mar 24, 2017 9:05 pm
Forum: Personal Consumer Issues
Topic: Car Dealer Forgot to Charge Sales Tax - Ouch
Replies: 39
Views: 4138

Re: Car Dealer Forgot to Charge Sales Tax - Ouch

I just bought a new car a few months ago. I wrote a check for our agreed on price. I had 30 days to license it. I went to our local revenue office and paid the sales tax. I could not get a license until I paid the sales tax. Yes, this. I'm thinking one way or another the OP will have to pay the sal...
by OnTrack2020
Wed Mar 22, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Account with LPL - Issues
Replies: 6
Views: 527

Re: Retirement Account with LPL - Issues

Have you done some "googling" of LPL....
by OnTrack2020
Wed Mar 22, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Pension
Replies: 11
Views: 1059

Re: Pension

My husband went through this several years ago when they froze the pension plan (I'm thinking it was in 2008/2009). He could not do anything with it as he is still employed by the company. The money in it over the years continued to accrue interest. What the company did was to "make up" fo...
by OnTrack2020
Mon Mar 20, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can Vanguard roll a pention plan to Roth IRA directly?
Replies: 18
Views: 1277

Re: Can Vanguard roll a pention plan to Roth IRA directly?

Just talked to a rep from Vanguard. I was told that I need to roll over my pention plan to a Tradtional IRA first then convert the TIRA to Roth IRA. Just want to see if anyone did the conversion with Vanguard and confirm if the rep gave me the correct info. Thanks. My husband had a pension plan whi...
by OnTrack2020
Mon Mar 20, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Looking to Switch from FSA to HSA, Questions
Replies: 1
Views: 126

Looking to Switch from FSA to HSA, Questions

Hi, first-time poster.....somewhat of a long-time lurker. My husband is 58, I'm 53. We have 4 children---around junior high age to freshman in college. We have had an FSA for several years. Our youngest child has had multiple surgeries over the years, and this year will be the final year for surgery...

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